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  • Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar after the mixed U.K. economic data
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09.09.2014, 12:07

Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar after the mixed U.K. economic data

Economic calendar (GMT0):

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

01:30 Australia National Australia Bank's Business Confidence August 11 8

01:30 Australia Home Loans July +0.1% +1.1% +0.3%

05:00 Japan Consumer Confidence August 41.5 42.3 41.2

06:00 Japan Prelim Machine Tool Orders, y/y August +37.7% +35.6%

06:45 France Trade Balance, bln July -5.6 Revised From -5.4 -5.0 -5.5

08:30 United Kingdom Industrial Production (MoM) July +0.3% +0.2% +0.5%

08:30 United Kingdom Industrial Production (YoY) July +1.2% +1.3% +1.7%

08:30 United Kingdom Manufacturing Production (MoM) July +0.3% +0.3% +0.3%

08:30 United Kingdom Manufacturing Production (YoY) July +1.9% +2.2% +2.2%

08:30 United Kingdom Trade in goods July -9.4 -9.1 -10.2

10:45United Kingdom BOE Gov Mark Carney Speaks

The U.S. dollar traded mixed to lower against the most major currencies. The greenback remained supported by yesterday's San Francisco Federal Reserve research report. The report showed that investors were underestimating the start of interest rate hike by the Fed. The Fed could raise its interest rate sooner than expected.

The euro traded mixed against the U.S. dollar. France's trade deficit fell to €5.5 billion in July from a deficit of €5.6 billion in June, missing expectations for a decline to a deficit of €5.0 billion. June's figure was revised down from a deficit of €5.4 billion.

The British pound traded mixed against the U.S. dollar after the mixed U.K. economic data. The U.K. trade deficit rose to £10.19 billion in July from £9.41 billion in June. Analysts had expected the trade deficit to decline to £9.10 billion.

The U.K. manufacturing production climbed 0.3% in July, in line with expectations, after a 0.3% rise in June.

The U.K. industrial production rose 0.5% in July, exceeding expectations for a 0.2% rise, after 0.3% gain in June.

The Bank of England (BoE) Governor Mark Carney said at the TUC's annual meeting that the BoE could start to hike its interest rates next spring.

A weekend Scotland's independence poll still weighed on the pound. The poll showed 47% said "yes" to independence, while 45% said "no", with the rest undecided. That was the first time lead for "yes" campaign.

The Canadian dollar traded slightly higher against the U.S. dollar ahead of Canadian housing starts. Housing starts are expected to increase to 197,000 units in August.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair fell to Y106.11

The most important news that are expected (GMT0):

12:15 Canada Housing Starts August 200 197

14:00 United Kingdom NIESR GDP Estimate August +0.6%

14:00 U.S. JOLTs Job Openings July 4.67 4.72

14:00 U.S. FOMC Member Tarullo Speaks

23:50 Japan Core Machinery Orders July +8.8% +4.1%

23:50 Japan Core Machinery Orders, y/y July -3.0% +0.6%

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