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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 Australia Conference Board Australia Leading Index July +0.2% +0.5%
01:30 Australia RBA Financial Stability Review
01:35 Japan Manufacturing PMI (Preliminary) September 52.2 52.5 51.7
06:00 Switzerland UBS Consumption Indicator August 1.66 1.35
08:00 Germany IFO - Business Climate September 106.3 105.9 104.7
08:00 Germany IFO - Current Assessment September 111.1 110.6 110.5
08:00 Germany IFO - Expectations September 101.7 101.3 99.3
The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. new home sales. New home sales in the U.S. are expected to increase to 432,000 units in August from 412 units in July.
The euro traded lower against the U.S. dollar due to the weaker-than-expected Germany's Ifo business climate index and comments by the European Central Bank President Mario Draghi. The Ifo business climate index for Germany declined to 104.7 in September from 106.3 in August. That was the fifth successive in five months and the lowest level since April 2013.
Analysts had expected the Ifo business climate index to fall to 105.9.
The European Central Bank (ECB) President Mario Draghi said in a French radio interview on Wednesday that the ECB will keep its monetary policy accommodative for as long as needed to bring inflation to 2% inflation target.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.
The Swiss franc traded lower against the U.S. dollar. Switzerland's UBS consumption indicator declined to 1.35 points in August from 1.67 points in July. July's figure was revised up from 1.66 points.
EUR/USD: the currency pair fell to $1.2826
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:00 Belgium Business Climate September -7.3 -7.1
14:00 U.S. New Home Sales August 412 432
16:05 U.S. FOMC Member Narayana Kocherlakota
|remaining time till the new event being published|
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