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Market news

1 October 2015

Foreign exchange market. Asian session: the Australian dollar climbed on macroeconomic data

Economic calendar (GMT0):

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

00:00 U.S. FOMC Member Brainard Speaks

01:00 China Non-Manufacturing PMI September 53.4 53.4

01:00 China Manufacturing PMI September 49.7 49.6 49.8

01:35 Japan Manufacturing PMI (Finally) September 51.7 50.9 51

01:45 China Markit/Caixin Manufacturing PMI (Finally) September 47.3 47.0 47.2

01:45 China Markit/Caixin Services PMI September 51.5 51.2 50.5

The euro declined amid weak data from Germany and the euro zone on the whole. German unemployment level unexpectedly rose in September suggesting that the German economy is not secured from risks arising from slowing growth in emerging markets. The seasonally adjusted number of unemployed rose by 2,000 to 2.795 million. Economists expected a decline of 5,000. Meanwhile the unemployment rate remained at 6.4%.

The Australian dollar advanced amid recent data. On one hand the currency was supported by Australian AiG Manufacturing index, which rose to 52.1 in September compared to 51.7 in August. On the other hand China's official Manufacturing PMI rose to 49.8 in September from 49.7 in August vs forecast of a 49.7.

The yen declined against the greenback after release of BOJ Tankan report. The report has shown that the index of confidence of large manufacturers declined to 12 from 15 in the third quarter despite record profits. Japanese manufacturers became more cautious in the third quarter, which highlights difficulties exporters face due to slower growth in China.

EUR/USD: the pair fell to $1.1145 in Asian trade

USD/JPY: the pair traded rose to Y120.25

GBP/USD: the pair traded within $1.5115-35

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

07:15 Switzerland Retail Sales (MoM) August -0.6%

07:15 Switzerland Retail Sales Y/Y August -0.1%

07:30 Switzerland Manufacturing PMI September 52.2 51.8

07:50 France Manufacturing PMI (Finally) September 48.3 50.4

07:55 Germany Manufacturing PMI (Finally) September 53.3 52.5

08:00 Eurozone Manufacturing PMI (Finally) September 52.3 52

08:30 United Kingdom Purchasing Manager Index Manufacturing September 51.5 51.3

12:30 U.S. Continuing Jobless Claims September 2242 2236

12:30 U.S. Initial Jobless Claims September 267 270

13:45 U.S. Manufacturing PMI (Finally) September 53 53

14:00 U.S. Construction Spending, m/m August 0.7% 0.5%

14:00 U.S. ISM Manufacturing September 51.1 50.6

18:30 U.S. FOMC Member Williams Speaks

19:40 U.S. Total Vehicle Sales, mln September 17.81 17.6

23:30 Japan Household spending Y/Y August -0.2% 0.4%

23:30 Japan Unemployment Rate August 3.3% 3.3%

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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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.