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Economic calendar (GMT0):
01:30 Australia Changing the number of employed April 21.9 7.5 14.2
01:30 Australia Unemployment rate April 5.8% 5.9% 5.8%
02:20 China Trade Balance, bln April 7.7 13.1 18.5
05:45 Switzerland SECO Consumer Climate Quarter I 2 3 1
06:00 Germany Industrial Production s.a. (MoM) March +0.6% +0.2% -0.5%
06:00 Germany Industrial Production (YoY) March +4.0% +3.0%
07:00 United Kingdom Halifax house price index April -1.1% +0.8% -0.2%
07:00 United Kingdom Halifax house price index 3m Y/Y April +8.7% +9.1% +8.5%
07:15 Switzerland Consumer Price Index (MoM) April +0.4% +0.1% +0.1%
07:15 Switzerland Consumer Price Index (YoY) April 0.0% +0.1% 0.0%
11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%
11:00 United Kingdom Asset Purchase Facility 375 375 375
11:00 United Kingdom MPC Rate Statement
11:45 Eurozone ECB Interest Rate Decision 0.25% 0.25% 0.25%
The U.S. dollar declined against the most major currencies ahead of the publication of initial jobless claims in the U.S. and the ECB press conference later in the day. Analysts expect 328,000 jobless claims.
The euro climbed to 8-week highs against the U.S. dollar. The European Central Bank kept unchanged interest rate at a record low at 0.25%. Market participants were unimpressed by the weaker-than-expected German industrial production. German industrial production declined 0.5% in March, from a 0.6% increase in February. February’s figure was revised up from 0.4%. Analysts had forecasted a 0.2% rise.
The British pound traded mixed against the U.S. dollar after the release of the BoE interest rate decision. The BoE kept unchanged interest rate at 0.50% and the asset purchase plan remained at 375 billion pounds. This decision was expected by market participants.
British house prices published by Halifax declined 0.2% in April. Analysts had forecasted a 0.8% increase.
EUR/USD: the currency pair climbed to $1.3959
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:15 Canada Housing Starts April 157 177
12:30 Eurozone ECB Press Conference
12:30 Canada New Housing Price Index March +0.2% +0.2%
12:30 U.S. Initial Jobless Claims May 344 328
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