Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia ANZ Job Advertisements (MoM) October 3.8% Revised From 3.9% 0.4%
01:30 Japan Labor Cash Earnings, YoY September 0.4% Revised From 0.5% 0.6%
The euro slightly rebounded after Friday's fall, which was caused by U.S. employment data. It's worth to remind that the U.S. economy exceeded expectations for 180,000 jobs and generated 271,000 jobs outside the farming sector in October, the biggest monthly gain this year, while the unemployment rate fell to 5% from 5.1%. Hourly wages rose 9 cents or 2.5% y/y at the fastest year-over-year pace since 2009.
The yen declined despite favorable data on Japanese wages. Labor Cash Earnings rose by 0.6% in September compared to a 0.4% rise in September 2014. Higher earnings stimulate consumption making earnings an inflation factor.
The New Zealand dollar rose despite Fonterra chief executive officer Theo Spierings' words that the company may lose its market share in China. Dairy products are key exports for New Zealand, that's why concerns over Fonterra may weigh on the NZD.
EUR/USD: the pair rose to $1.0770 in Asian trade
USD/JPY: the pair traded within Y123.15-45
GBP/USD: the pair rose to $1.5075
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
07:00 Germany Current Account September 12.3
07:00 Germany Trade Balance September 15.3
09:30 Eurozone Sentix Investor Confidence November 11.7
13:15 Canada Housing Starts October 230.7 200
15:00 U.S. Labor Market Conditions Index October 0
23:50 Japan Current Account, bln September 1653 2235.2