Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 New Zealand ANZ Business Confidence September -29.1 -18.9
01:30 Australia Private Sector Credit, m/m August 0.6% 0.5% 0.6%
01:30 Australia Private Sector Credit, y/y August 6.1% 6.3%
01:30 Australia Building Permits, m/m August 7.9% Revised From 4.2% -2% -6.9%
05:00 Japan Construction Orders, y/y August -4.0% -15.6%
05:00 Japan Housing Starts, y/y August 7.4% 7.8% 8.8%
06:00 United Kingdom Nationwide house price index, y/y September 3.2% 3.8% 3.8%
06:00 United Kingdom Nationwide house price index September 0.3% 0.4% 0.5%
06:00 Germany Retail sales, real adjusted August 1.6% Revised From 1.4% 0.2% -0.4%
06:00 Germany Retail sales, real unadjusted, y/y August 3.8% Revised From 3.3% 3.1% 2.5%
06:00 Switzerland UBS Consumption Indicator August 1.59 Revised From 1.64 1.63
07:00 Switzerland KOF Leading Indicator September 101.2 Revised From 100.7 100.9 100.4
07:55 Germany Unemployment Change September -6 -5 2
07:55 Germany Unemployment Rate s.a. September 6.4% 6.4% 6.4%
08:30 United Kingdom Current account, bln Quarter II -24 Revised From -26.6 -22.25 -16.8
08:30 United Kingdom GDP, q/q (Finally) Quarter II 0.4% 0.7% 0.7%
08:30 United Kingdom GDP, y/y (Finally) Quarter II 2.7% Revised From 2.9% 2.6% 2.4%
09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) September 0.1% 0% -0.1%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) September 0.9% 0.9% 0.9%
09:00 Eurozone Unemployment Rate August 11% Revised From 10.9% 10.9% 11%
11:00 U.S. MBA Mortgage Applications September 13.9% -6.7%
12:00 U.S. FOMC Member Dudley Speak
The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. economic data. According to the ADP employment report, the U.S. economy is expected to add 194,000 jobs in September.
The Chicago purchasing managers' index is expected to decline to 53.0 in September from 54.4 in August.
Fed Chairwoman Janet Yellen will speak at 19:00 GMT.
The euro traded lower against the U.S. dollar after the mostly negative economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Wednesday. The preliminary consumer price inflation in the Eurozone declined to an annual rate of -0.1% in September from 0.1% in August, missing expectations for a fall to 0.0%.
The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco remained unchanged at an annual rate of 0.9% in September.
Food, alcohol and tobacco prices were up 1.4% in September, non-energy industrial goods prices gained 0.3%, and services prices climbed 1.3%, while energy prices dropped 8.9%.
Eurozone's unemployment rate remained unchanged at 11.0% in August. July's figure was revised up from 10.9%. Analysts had expected the unemployment rate to fall to 10.9%.
The Federal Labour Agency released its unemployment figures for Germany on Wednesday. The number of unemployed people in Germany climbed by 2,000 in September, missing expectations for a 5,000 decline, after a 6,000 decrease in August.
The number of unemployed people was 1.90 million in August, according to Destatis.
Destatis said that Germany's adjusted unemployment rate fell to 4.5% in August from 4.6% in July.
According to Destatis, German adjusted retail sales decreased 0.4% in August, missing forecasts of a 0.2% gain, after a 1.6% rise in July. July's figure was revised up from a 1.4% increase.
On a yearly basis, German retail sales jumped 2.5% in August, missing expectations for a 3.1% gain, after a 3.8% rise in July. July's figure was revised up from a 3.3% increase.
Sales of non-food products increased at an annual rate of 1.1% in August, while sales of food products climbed by 3.9%.
The British pound traded higher against the U.S. dollar after the mixed economic data from the U.K. The Office for National Statistics (ONS) released its final gross domestic product (GDP) data on Wednesday. The final U.K. GDP expanded at 0.7% in the second quarter, in line with August's estimate, after a 0.4% rise in the first quarter.
On a yearly basis, the revised U.K. GDP rose 2.4% in the second quarter, missing August's estimate of a 2.6% increase, after a 2.7% gain in the first quarter. The first quarter's figure was revised down from a 2.9% rise
The downward revision was partly driven by a slower pace of the services sector. The service sector climbed 0.2% in July, compared with a 0.6% rise in June.
The U.K. current account deficit narrowed to £16.8 billion in the second quarter from £24.0 billion in the first quarter. The first quarter's figure was revised up from a deficit of £26.6 billion.
Analysts had expected the current account deficit to decrease to £22.25 billion.
The second quarter's current account deficit amounted to 3.6% of GDP, the lowest share of GDP in two years.
Declines in the current account deficit were driven by a drop in the deficit on the trade account and a decline in the deficit on the primary income account.
The Canadian dollar traded higher against the U.S. dollar ahead of the release of Canadian gross domestic product, which is expected to increase 0.2% in July, after a 0.5% rise in June.
The Swiss franc traded higher against the U.S. dollar after of the release of the mixed Swiss economic data. The Swiss Economic Institute KOF released its leading indicator for Switzerland on Wednesday. The KOF leading indicator declined to 100.4 in September from 101.2 in August, missing expectations for a decline to 100.9. July's figure was revised up from 100.7.
According to the institute, the outlook for the Swiss economy remained unchanged since August.
UBS released its consumption index for Switzerland on Wednesday. The UBS consumption index increased to 1.63 in August from 1.59 in July. July's figure was revised down from 1.64.
The increase was driven by a rise in employment in the second quarter.
Retailer sentiment was slightly less negative, while consumer sentiment rose.
EUR/USD: the currency pair declined to $1.1201
GBP/USD: the currency pair increased to $1.5212
USD/JPY: the currency pair rose to Y120.34
The most important news that are expected (GMT0):
12:15 U.S. ADP Employment Report September 190 194
12:30 Canada GDP (m/m) July 0.5% 0.2%
13:45 U.S. Chicago Purchasing Managers' Index September 54.4 53
19:00 U.S. Fed Chairman Janet Yellen Speaks
23:50 Japan BoJ Tankan. Manufacturing Index Quarter III 15 13
23:50 Japan BoJ Tankan. Non-Manufacturing Index Quarter III 23 20
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2021 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.