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16.09.2015 12:06

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the mostly better-than-expected U.K. labour market data

Economic calendar (GMT0):

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

00:30 Australia Leading Index August 0.0% -0.3%

08:30 United Kingdom Average Earnings, 3m/y July 2.6% Revised From 2.4% 2.5% 2.9%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y July 2.8% 2.9% 2.9%

08:30 United Kingdom ILO Unemployment Rate July 5.6% 5.6% 5.5%

08:30 United Kingdom Claimant count August -6.8 Revised From -4.9 -5 1.2

09:00 Eurozone Harmonized CPI August -0.6% 0% 0.0%

09:00 Eurozone Harmonized CPI, Y/Y (Finally) August 0.2% 0.2% 0.1%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) August 1% 1% 0.9%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) September 5.9 9.7

11:00 U.S. MBA Mortgage Applications September -6.2% -7%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The U.S. consumer price inflation is expected to remain unchanged at 0.2% year-on-year in August.

The U.S. consumer price index excluding food and energy is expected to rise to 1.9% year-on-year in August from 1.8% in July.

The NAHB housing market index is expected to remain unchanged at 61 in September.

The euro traded lower against the U.S. dollar after the weak economic data from the Eurozone. Eurostat released its final consumer price inflation data for the Eurozone on Friday. Eurozone's final harmonized consumer price index was flat in August, in line with the preliminary reading, after a 0.6% drop in July.

On a yearly basis, Eurozone's final consumer price inflation fell to 0.1% in August from 0.2% in July, missing the previous estimate of a 0.2% increase.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco declined to an annual rate of 0.9% in August from 1.0% in July, missing the previous estimate of 1.0% rise.

The British pound traded higher against the U.S. dollar after the mostly better-than-expected U.K. labour market data. The Office for National Statistics (ONS) released its labour market data on Wednesday. The U.K. unemployment rate fell to 5.5% in the May to July quarter from 5.6% in the April to June quarter. It was the lowest reading since 2008.

Analysts had expected the unemployment rate to remain unchanged at 5.6%.

The claimant count rose by 1,200 people in August, missing expectations for a decline by 5,000, after a decrease of 6,800 people in July. July's figure was revised up from a fall of 4,900.

U.K. unemployment in the May to July period rose by 10,000 to 1.82 million from the previous quarter.

Average weekly earnings, excluding bonuses, climbed by 2.9% in the May to July quarter, in line with expectations, after a 2.8% gain in the February to April quarter. It was the highest gain since early 2009.

Average weekly earnings, including bonuses, rose by 2.9% in the May to July quarter, exceeding expectations for a gain of 2.5%, after a 2.6% increase in the February to April quarter. The previous three months' figure was revised up from a 2.4% increase.

The Bank of England monitors closely the wages growth it considers when to start hiking its interest rate.

The Canadian dollar traded lower against the U.S. dollar ahead of the release of Canadian economic data. Canada's manufacturing shipments are expected to increase 1.0% in July, after a 1.2% gain in June.

The Swiss franc traded lower against the U.S. dollar. A survey by the ZEW Institute and Credit Suisse Group showed on Wednesday that Switzerland's economic sentiment index climbed to 9.7 points in September from 5.9 points in August. It was the highest reading since March 2014.

"Experts remain cautious, however, in regard to the economic trend in Switzerland. Slightly more than one third of respondents expect the situation to improve, one quarter forecast deterioration and the remaining respondents do not expect any change in the Swiss economic situation," the ZEW said.

The current conditions rose by 7.9 points to -9.7 points in September from -17.6 points in August.

EUR/USD: the currency pair declined to $1.1213

GBP/USD: the currency pair rose to $1.5443

USD/JPY: the currency pair increased to Y120.62

The most important news that are expected (GMT0):

12:30 Canada Manufacturing Shipments (MoM) July 1.2% 1%

12:30 U.S. CPI, m/m August 0.1% 0.0%

12:30 U.S. CPI, Y/Y August 0.2% 0.2%

12:30 U.S. CPI excluding food and energy, m/m August 0.1% 0.1%

12:30 U.S. CPI excluding food and energy, Y/Y August 1.8% 1.9%

14:00 U.S. NAHB Housing Market Index September 61 61

20:00 U.S. Net Long-term TIC Flows July 103.1

22:45 New Zealand GDP q/q Quarter II 0.2% 0.5%

22:45 New Zealand GDP y/y Quarter II 2.6% 2.5%

23:50 Japan Trade Balance Total, bln August -268.1 -541.3

16.09.2015 12:00

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