Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
05:00 Japan Eco Watchers Survey: Current September 49.3 47.5
05:00 Japan Eco Watchers Survey: Outlook September 48.2 49.1
05:45 Switzerland Unemployment Rate (non s.a.) September 3.2% 3.3% 3.2%
06:00 Germany Current Account August 24.7 Revised From 23.4 12.3
06:00 Germany Trade Balance August 25.0 15.3
11:00 United Kingdom BoE Interest Rate Decision 0.5% 0.5% 0.5%
11:00 United Kingdom Bank of England Minutes
11:00 United Kingdom Asset Purchase Facility 375 375
11:30 Eurozone ECB Monetary Policy Meeting Accounts
The U.S. dollar traded lower against the most major currencies ahead of the U.S. initial jobless claims data. The number of initial jobless claims in the U.S. is expected to decrease by 3,000 to 274,000 last week.
The Fed will release its latest minutes at 18:00 GMT. Market participants will be looking for signs if the Fed will start raising its interest rates this year.
The euro traded mixed against the U.S. dollar after the negative economic data from Germany. Destatis released its trade data for Germany on Thursday. Germany's seasonally adjusted trade surplus declined to €19.6 billion in August from 22.4 in July. July's figure was revised down from €22.8 billion.
Exports dropped at a seasonally and calendar-adjusted 5.2% in August, while imports fell 3.1%. It was the biggest drop in exports since January 2009.
On a yearly basis, German exports climbed by 5.0% in August, while imports rose by 4.0%.
Germany's current account surplus was at €12.3 billion in August, down from €24.7 billion in July. July's figure was revised up from €23.4 billion.
According to Destatis, manufacturing turnover declined on seasonally adjusted and on adjusted for working days basis by 1.3% in August, after a 1.4% rise in July. July's figure was revised down from a 1.9% increase.
Meanwhile, domestic turnover decreased by 0.9% in August, while the business with foreign customers dropped 1.8%.
Sales to euro area countries declined 2.8% in August, while sales to other countries were down 1.0%.
On a yearly basis, manufacturing turnover in Germany was up on seasonally adjusted and on adjusted for working days basis by 2.8% in August.
The European Central Bank released its latest minutes today. The central bank said uncertainty in emerging economies could lead to a slowdown in the Eurozone's economy.
The British pound traded lower against the U.S. dollar after the release of the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.
The Bank of England's Monetary Policy Committee (MPC) released its October meeting minutes today. 8 members voted to keep the central bank's monetary policy unchanged. Ian McCafferty voted to hike interest rate.
The Canadian dollar traded higher against the U.S. dollar ahead of the release of the new housing price index from Canada. Canada's new housing price index is expected to rise 0.2% in August, after a 0.1% gain in July.
The Swiss franc traded mixed against the U.S. dollar ahead of the release of the unemployment data from Switzerland.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair fell to $1.5269
USD/JPY: the currency pair climbed to Y119.94
The most important news that are expected (GMT0):
12:30 Canada New Housing Price Index, MoM August 0.1% 0.2%
12:30 U.S. Initial Jobless Claims October 277 274
13:10 U.S. FOMC Member Dennis Lockhart Speaks
17:30 U.S. FOMC Member Charles Evans Speaks
18:00 United Kingdom BOE Gov Mark Carney Speaks
18:00 U.S. FOMC meeting minutes
19:30 U.S. FOMC Member Williams Speaks