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Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia New Motor Vehicle Sales (MoM) October 5.5% -3.6%
00:30 Australia New Motor Vehicle Sales (YoY) October 7.7% 4.2%
The euro fell to a six-month low against the U.S. dollar after attacks in Paris, which left over 130 dead and hundreds injured. However even before these events the single currency was under pressure amid ECB Draghi's comments that the quantitative easing program would be revised in December.
Investors are waiting for data from the Centre for European Economic Research (ZEW) due tomorrow.
The yen fell against the greenback after rising earlier in the session. The yen was weighed by data on the country's GDP, which showed a 0.2% contraction in the third quarter vs -0.1% expected. The annualized reading came in at -0.8%, while economists had expected a more modest 0.2% drop. The GDP declined amid negative trends in China's economy and weak demand from overseas. Nevertheless domestic consumer demand, which accounts for 60% of GDP, rose by 0.5% in the third quarter. Citing the increase Minister in charge of Economic Revitalization Akira Amari said he expects an increase in GDP in the fourth quarter. However many economists started saying that weak data might persuade the central bank of Japan to take aditional steps to stimulate the economy.
EUR/USD: the pair fell to $1.0685 in Asian trade
USD/JPY: the pair fell to Y122.20
GBP/USD: the pair fell to $1.5205
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
10:00 Eurozone Harmonized CPI October 0.2% 0.1%
10:00 Eurozone Harmonized CPI, Y/Y (Finally) October -0.1% 0.0%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) October 0.9% 1.0%
10:15 Eurozone ECB President Mario Draghi Speaks
11:00 Germany Bundesbank Monthly Report
13:30 Canada Manufacturing Shipments (MoM) September -0.2%
13:30 Canada Foreign Securities Purchases September 3.11
13:30 U.S. NY Fed Empire State manufacturing index November -11.36 -6.25
21:30 Australia RBA Assist Gov Kent Speaks
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