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    03.11.2015 13:12 Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the release of the construction PMI data from the U.K.

    Economic calendar (GMT0):

     

    (Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

     

    03:30 Australia Announcement of the RBA decision on the discount rate 2.0% 2% 2.0%

    03:30 Australia RBA Rate Statement

    09:30 United Kingdom PMI Construction October 59.9 58.8 58.8

    The U.S. dollar traded higher against the most major currencies ahead of the release of the U.S. factory orders data. The U.S. factory orders are expected to drop 0.9% in September, after a 1.7 decline in August.

     

    The euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone.

     

    The European Central Bank (ECB) President Mario Draghi will speak at 19:00 GMT.

     

    The British pound traded lower against the U.S. dollar after the release of the construction PMI data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. fell to 58.8 in October from 59.9 in September, in line with expectations.

     

    A reading above 50 indicates expansion in the construction sector.

     

    The index was mainly driven by a strong rise in commercial building work.

     

    "Rather than acting as a drag on the economy, as suggested by recent GDP estimates, the sector is continuing to act as an important driving force behind the ongoing UK economic upturn," Senior Economist at Markit, Tim Moore, said.

     

    EUR/USD: the currency pair fell to $1.0967

    GBP/USD: the currency pair was down to $1.5378

    USD/JPY: the currency pair increased to Y120.90

    The most important news that are expected (GMT0):

     

    15:00 U.S. Factory Orders September -1.7% -0.9%

    19:00 Eurozone ECB President Mario Draghi Speaks

    21:45 New Zealand Employment Change, q/q Quarter III 0.3% 0.4%

    21:45 New Zealand Unemployment Rate Quarter III 5.9% 6.0%


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