CFD Markets News and Forecasts — 06-11-2014

(index / closing price / change items /% change)

Nikkei 225 16,792.48 -144.84 -0.86 %

Hang Seng 23,649.31 -46.31 -0.20 %

Shanghai Composite 2,425.81 +6.56 +0.27 %

FTSE 100 6,551.15 +12.01 +0.18 %

CAC 40 4,227.68 +19.26 +0.46 %

Xetra DAX 9,377.41 +61.93 +0.66 %

S&P 500 2,031.21 +7.64 +0.38 %

NASDAQ Composite 4,638.47 +17.75 +0.38 %

Dow Jones 17,554.47 +69.94 +0.40 %

(pare/closed(GMT +2)/change, %)

EUR/USD $1,2374 -0,90%

GBP/USD $1,5830 -0,91%

USD/CHF Chf0,9731 +0,95%

USD/JPY Y115,20 +0,49%

EUR/JPY Y142,55 -0,41%

GBP/JPY Y182,36 -0,41%

AUD/USD $0,8557 -0,41%

NZD/USD $0,7689 -0,49%

USD/CAD C$1,1421 +0,32%

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

00:05 U.S. FOMC Member Mester Speaks

00:30 Australia RBA Monetary Policy Statement

06:45 Switzerland Unemployment Rate October 3.2% 3.2%

07:00 Germany Current Account September 10.3

07:00 Germany Industrial Production s.a. (MoM) September -4.0% +2.1%

07:00 Germany Industrial Production (YoY) September -2.8%

07:00 Germany Trade Balance September 17.5 18.3

07:45 France Trade Balance, bln September -5.8 -5.2

07:45 France Industrial Production, m/m September 0.0% -0.1%

07:45 France Industrial Production, y/y September -0.3%

08:00 Switzerland Foreign Currency Reserves October 462.2

08:15 Switzerland Retail Sales Y/Y September +1.9% +2.2%

09:30 United Kingdom Trade in goods September -9.1 -9.4

10:00 Eurozone ECOFIN Meetings

13:30 Canada Employment October 74.1 0.4

13:30 Canada Unemployment rate October 6.8% 6.8%

13:30 U.S. Average hourly earnings October 0.0% +0.2%

13:30 U.S. Nonfarm Payrolls October 248 229

13:30 U.S. Unemployment Rate October 5.9% 5.9%

19:00 U.S. Consumer Credit September 13.5 16.6

Stock indices closed higher on comments by the European Central Bank President Mario Draghi. He said at a press conference today that the central will add further unconventional measures stimulus measures, if needed. Draghi reiterated that the ECB is willing to expand its balance sheet towards the levels of early 2012.

Draghi noted that unemployment and geopolitical situation weighed on the Eurozone's economic recovery. He noted that growth momentum in the Eurozone slowed since the summer.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

Germany's adjusted factory orders rose 0.2% in September, missing expectations for a 2.2% increase, after a 4.2% drop in August. August's figure was revised up from a 5.7% fall.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,551.15 +12.01 +0.18%

DAX 9,377.41 +61.93 +0.66%

CAC 40 4,227.68 +19.26 +0.46%

The U.S. dollar traded higher against the most major currencies after the mostly better-than-expected U.S. economic data. The number of initial jobless claims in the week ending November 01 in the U.S. fell by 10,000 to 278,000. The previous week's figure was revised to 288,000 from 287.000. Analysts had expected a decline to 285.000.

Productivity in the U.S. non-farm businesses grew at a 2.0% annual rate in the third quarter, exceeding expectations for a 0.9% increase, after a 2.9% gain in the second quarter. The second quarter's figure was revised up from a 2.3% rise.

Unit labor costs increased 0.3% in the third quarter, missing expectations for a 1.0% rise, after a 0.5 decline in the second quarter. The second quarter's figure was revised down from a 0.1% fall.

The euro dropped against the U.S. dollar after the European Central Bank's (ECB) press conference. The ECB President Mario Draghi said at a press conference today that the central will add further unconventional measures stimulus measures, if needed. He reiterated that the ECB is willing to expand its balance sheet towards the levels of early 2012.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

Germany's adjusted factory orders rose 0.2% in September, missing expectations for a 2.2% increase, after a 4.2% drop in August. August's figure was revised up from a 5.7% fall.

The British pound fell against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.

The National Institute of Economic and Social Research (NIESR) released its estimated gross domestic product (GDP) today. The estimated UK GDP grew by 0.7% in the three months to October, after a 0.7% growth in the third quarter.

The U.K. industrial production increased 0.6% in September, exceeding expectations for a 0.5% rise.

Manufacturing production in the U.K. climbed 0.4% in September, beating expectations for 0.3% gain.

The Canadian dollar traded lower against the U.S. dollar after the mixed Canadian economic data. Canada's Ivey purchasing managers' index declined to 51.2 in October from 58.6 in September, missing expectations for a rise to 59.2.

Building permits in Canada jumped 12.7% in September, beating forecasts of a 5.2% gain, after a 27.3% drop in August.

The Swiss franc decreased against the U.S. dollar. The SECO consumer climate index for Switzerland dropped to -11 in the third quarter from -1 in the previous quarter, missing expectations for a decrease to -4.

The New Zealand dollar traded lower against the U.S. dollar in the absence of any major economic reports from New Zealand.

The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback after the mixed labour market data from Australia. The unemployment rate remained unchanged at 6.2% in October, missing expectations for a decline to 6.1%. September's figure was revised from 6.1%.

The number of employed people in Australia rose by 24,100 in October, beating expectations for an increase by 10,300, after a decline by 23,700 in September. September's figure was revised up from a decrease by 29,700.

The Japanese yen traded mixed against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback after the release of Bank of Japan's (BoJ) minutes of October board meeting. A few BoJ board members warned the core consumer price index temporarily may decline below 1.0%, depending on developments in energy prices.

Oil futures fell moderately, thus offsetting part of yesterday's promotion, which was associated with the expectations of the recovery of the largest producers of raw materials in Libya. On the eve of the work on al-Sharar were suspended because of an armed attack, and as a result of oil production in the country dropped by a third. According to Saxo Bank analyst Ole Hansen, the situation with the suspension of oil production indicates the chaos in which dwells Libya, and on how much may be unstable energy supply of the country. Earlier, Minister of Foreign Affairs of Venezuela, Rafael Ramirez after a meeting with the Minister of the oil industry in Saudi Arabia, Ali al-Nuaimi said that the collapse of oil prices causes widespread concern.

In addition, the prices pressured revised forecasts for oil demand from OPEC. In the short and medium term decline in oil production in the Organization of Petroleum Exporting Countries (OPEC) is likely to surpass the earlier forecasts. This assumption suggests that at some point the cartel can lower the upper limit of total production. According to the annual report on the global oil market, the end of 2017, oil production in the OPEC fell by 1.8 million barrels a day to 28.2 million barrels a day. In the current year, the average volume of production in the cartel is expected to reach 30 million barrels a day, which also corresponds to the current overall limit. The same last year forecast assumes a reduction in OPEC production by 1.1 million barrels per day by the end of 2017. Regular meeting of OPEC oil supplies which meet about a third of world demand, held on November 27. Although the results of the meeting of reducing the limit is not expected to released new projections indicate the prospect of lower production. Expectations regarding the OPEC cartel's production decline combined with short-term forecasts of growth in oil production from low-permeability rocks, which are sometimes also called shale oil.

The course of trading and continues to influence the last report on oil stocks in the US. According to the US Department of Energy, oil stocks in Cushing declined last week to 551 thousand. Barrels, with a decrease was observed for the first time in four weeks. This prompted a number of analysts to declare a "turning point."

"This is a turning point for the oil reserves in the US - they will begin to decline, with increased volumes of oil refining, due to the need to meet the growing anticipation of winter fuel demand - said raw analyst Woori Investment & Securities Co. Seoul Kang Yu Ying. - The price of oil is likely to rise in the next three months, as the low prices are unfavorable for producers of shale gas. "

The cost of December futures on US light crude oil WTI (Light Sweet Crude Oil) fell to $ 77.48 a barrel on the New York Mercantile Exchange (NYMEX).

December futures price for North Sea petroleum mix of mark Brent fell $ 0.75 to $ 82.42 a barrel on the London exchange ICE Futures Europe.

Gold prices rose slightly today, as yesterday's drop to four-year low led some buyers back into the market. Nevertheless, most investors prefer to stay out of the market in anticipation of tomorrow's release of US data on the number of people employed in non-agricultural sector. Analysts expect that in October, the US economy added 229,000 jobs, compared with 248,000 in September.

Positive employment report is likely to intensify speculation regarding possible terms of interest rate increases by the Federal Reserve, while the weak data could increase the demand for gold, undermining the foundation for fast growth rate.

Negligible impact on the bidding had today's decision of the ECB to leave rates. Commenting on the move, the head of the Bank, Mario Draghi said that high unemployment continues to hamper economic recovery of the region, and geopolitical tensions could negatively affect the situation with investing. In this regard, the Governing Council will closely monitor developments and if necessary act. If the prospects for price stability or inflation expectations deteriorate, the Bank may launch new measures. Representatives of the Council already developing possible steps to such a case.

Also important was the fact that the head of the ECB repeatedly noted that solutions voiced today, were adopted unanimously, has dispelled rumors that many politicians oppose it, as previously reported in the article Reuters.

Analysts also note the weak demand for gold in China, where demand for gold jewelry, bars and coins usually increases with a decrease in prices, but this time it did not. On the Shanghai Gold Exchange precious metals on Thursday traded at world standard or slightly cheaper. "One explanation for the lack of demand in the physical market may be that investors are waiting for further price reductions or price stability", - said analyst Robin Bhar Societe General, referring also to the depreciation of several national currencies.

Meanwhile, today the Dutch bank ABN Amro warns its clients from attempting to buy heavily depreciating gold, according to analysts, the decline in quotations of precious metals continues, and by the end of next year they will reach $ 800 per ounce.

The cost of December gold futures on the COMEX today rose to 1145.60 dollars per ounce.

The Bank of Japan (BoJ) released minutes of its October board meeting. The BoJ said that Japan's exports weakened.

The central bank pointed out that "private consumption remained resilient as a trend".

Industrial production has shown some weakness, so the BoJ.

The BoJ said that "financial conditions were accommodative".

Japan's central bank added that inflation expectations seems "to be rising on the whole".

A few BoJ board members warned the core consumer price index temporarily may decline below 1.0%, depending on developments in energy prices.

The Bank (BoJ) decided in October to increase its monetary base target to an annual increase of ¥80 trillion, up from ¥60-70 trillion, and to boost exchange-traded fund purchases to ¥3 trillion. This decision was not expected by analysts.

The U.S. Labor Department released non-farm productivity figures on Thursday. Productivity in the U.S. non-farm businesses grew at a 2.0% annual rate in the third quarter, exceeding expectations for a 0.9% increase, after a 2.9% gain in the second quarter. The second quarter's figure was revised up from a 2.3% rise.

Unit labor costs increased 0.3% in the third quarter, missing expectations for a 1.0% rise, after a 0.5 decline in the second quarter. The second quarter's figure was revised down from a 0.1% fall.

The European Central Bank (ECB) released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

The ECB President Mario Draghi said at a press conference today that the central will add further unconventional measures stimulus measures, if needed. He reiterated that the ECB is willing to expand its balance sheet towards the levels of early 2012.

Draghi noted that unemployment and geopolitical situation weighed on the Eurozone's economic recovery. He noted that growth momentum in the Eurozone slowed since the summer.

U.S. stock futures rose as Mario Draghi said European Central Bank officials are unanimous on using more stimulus if needed.

Global markets:

Nikkei 16,792.48 -144.84 -0.86%

Hang Seng 23,649.31 -46.31 -0.20%

Shanghai Composite 2,425.81 +6.56 +0.27%

FTSE 6,568.15 +29.01 +0.44%

CAC 4,260.18 +51.76 +1.23%

DAX 9,436.91 +121.43 +1.30%

Crude oil $77.84 (-1.04%)

Gold $1143.20 (-0.25%)

(company / ticker / price / change, % / volume)

Upgrades:

Downgrades:

Other:

Tesla Motors (TSLA) reiterated at Outperform at Northland Capital, targe raised from $253 to $298

EUR/USD: $1.2400(E1.3bn), $1.2475(E698mn), $1.2500(E970mn), $1.2560(E780mn), $1.2600(E3.3bn)

USD/JPY: Y115.00($425mn)

GBP/USD: $1.5800(stg1.7bn), $1.6000(stg884mn)

EUR/GBP: stg0.7850(E675mn), stg0.7900(E575mn)

AUD/USD: $0.8550(A$417mn), $0.8630-40(A$600mn), $0.8700(A$439mn)...(Nov7 $0.8750 A$2bn)

NZD/USD: $0.7700(NZ$337mn), $0.7800(NZ$1.4bn), $0.7820(NZ$762mn)

AUD/NZD: NZ$1.1250(A$300mn)

USD/CAD: C$1.1350($1.0bn)

Economic calendar (GMT0):

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

00:30 Australia Changing the number of employed October -23.7 Revised From -29.7 +10.3 +24.1

00:30 Australia Unemployment rate October 6.2% Revised From 6.1% 6.1% 6.2%

05:00 Japan Leading Economic Index September 104.4 105.5 105.6

05:00 Japan Coincident Index September 108.3 109.7

06:45 Switzerland SECO Consumer Climate Quarter IV -1 -4 -11

07:00 Germany Factory Orders s.a. (MoM) September -4.2% Revised From -5.7% +2.2% +0.8%

07:00 Germany Factory Orders n.s.a. (YoY) September -1.3% -1.0%

08:00 United Kingdom Halifax house price index October +0.6% +0.5% -0.4%

08:00 United Kingdom Halifax house price index 3m Y/Y October +9.6% +8.8%

09:00 Eurozone Eurogroup Meetings

09:30 United Kingdom Industrial Production (MoM) September 0.0% +0.5% +0.6%

09:30 United Kingdom Industrial Production (YoY) September +2.5% +1.5% +1.5%

09:30 United Kingdom Manufacturing Production (MoM) September +0.1% +0.3% +0.4%

09:30 United Kingdom Manufacturing Production (YoY) September +3.9% +2.7% +2.9%

10:00 Eurozone European Commission Economic Growth Forecasts

12:00 United Kingdom Asset Purchase Facility 375 375 375

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:00 United Kingdom MPC Rate Statement

12:45 Eurozone ECB Interest Rate Decision 0.05% 0.05% 0.05%

The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. economic data. The number of initial jobless claims in the U.S. is expected to decline by 2,000 to 285,000.

The euro traded mixed against the U.S. dollar ahead the European Central Bank's (ECB) press conference. Investors are awaiting the ECB' President Mario Draghi's speech for signs for the further stimulus measures by the ECB to boost the economy in the Eurozone.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

Germany's adjusted factory orders rose 0.2% in September, missing expectations for a 2.2% increase, after a 4.2% drop in August. August's figure was revised up from a 5.7% fall.

The British pound fell against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.

The U.K. industrial production increased 0.6% in September, exceeding expectations for a 0.5% rise.

Manufacturing production in the U.K. climbed 0.4% in September, beating expectations for 0.3% gain.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian Ivey purchasing managers' index. The index is expected to increase to 59.2 in October from 58.6 in September.

The Swiss franc traded mixed against the U.S. dollar. The SECO consumer climate index for Switzerland dropped to -11 in the third quarter from -1 in the previous quarter, missing expectations for a decrease to -4.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair fell to $1.5924

USD/JPY: the currency pair rose to Y114.68

The most important news that are expected (GMT0):

13:30 Eurozone ECB Press Conference

13:30 Canada Building Permits (MoM) September -27.3% +5.2%

13:30 U.S. Initial Jobless Claims October 287 285

13:30 U.S. Nonfarm Productivity, q/q (Preliminary) Quarter III +2.3% Revised From +2.5% +0.9%

13:30 U.S. Unit Labor Costs, q/q (Preliminary) Quarter III -0.1% Revised From +0.6% +1.0%

15:00 United Kingdom NIESR GDP Estimate October +0.7%

15:00 Canada Ivey Purchasing Managers Index October 58.6 59.2

EUR/USD

Offers $1.2600/10, $1.2550

Bids $1.2400

GBP/USD

Offers $1.6100/10, $1.6080/85

Bids $1.5900

AUD/USD

Offers $0.8750, $0.8700, $0.8640/50

Bids 0.8550, $0.8500, 0.8450

EUR/JPY

Offers Y146.00, Y145.50, Y144.50

Bids Y142.85/80, Y142.50, Y142.00

USD/JPY

Offers Y116.00, Y115.20, Y114.95/00, Y114.80

Bids Y114.00, Y113.80/70, Y113.50/40, Y113.10/00, Y112.85/80

EUR/GBP

Offers

Bids stg0.7755/45

The Bank of England (BoE) released its interest rate decision today. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.

Some analysts speculate that the BoE will hike its interest rate in the first quarter of 2015, while some analysts expect interest hike in the middle of the year or later.

Investors are awaiting the minutes of the monetary policy committee (MPC). The minutes of the meeting will be released on November 19.

Two MPC members voted in October for the third consecutive month to raise interest rates to 0.75% from 0.5%.

European stock indices are trading close to their opening as investors are awaiting the outcome of the European Central Bank (ECB) meeting and the ECB Interest Rate Decision that is going to be published in Frankfurt at 12:45 GMT. Investors are looking forward to Mario Draghi's speech at the ECB press conference that is scheduled for 13:30 to get further indications of future steps taken by the ECB.

UK's FTSE 100 index is down -0.14% to 6,530.24 points. Germany's DAX 30 climbed +0.14% to 9,328.10 points, while France's CAC 40 gained 0.03% to 4,209.72.

Neither German Factory Orders that were worse than estimated (MoM +0.8% forecast +2.2%) nor better U.K. Industrial Production (MoM +0.6% forecast +0.5%) could substantially move the markets.

Gold was able to recover a little from its four-year low from yesterday as the U.S. dollar further retreated from a five-year high and was judged oversold by investors that are betting on a rebound after yesterday's lowest price since April 2010 trading at USD1,137.50. The weaker U.S. dollar further helped gold's recovery. Investors still awaiting the outcome of today's ECB meeting and what steps will be taken in order to spur growth and inflation in the euro zone.

GOLD recovered from 4-year low currently trading at USD1,143.70

The British pound is trading steady against the USD after UK Manufacturing Production being slightly better than predicted after trading at a one-year low yesterday.

EUR/USD: $1.2400(E1.3bn), $1.2475(E698mn), $1.2500(E970mn), $1.2560(E780mn), $1.2600(E3.3bn)

USD/JPY: Y115.00($425mn)

GBP/USD: $1.5800(stg1.7bn), $1.6000(stg884mn)

EUR/GBP: stg0.7850(E675mn), stg0.7900(E575mn)

AUD/USD: $0.8550(A$417mn), $0.8630-40(A$600mn), $0.8700(A$439mn)...(Nov7 $0.8750 A$2bn)

NZD/USD: $0.7700(NZ$337mn), $0.7800(NZ$1.4bn), $0.7820(NZ$762mn)

AUD/NZD: NZ$1.1250(A$300mn)

USD/CAD: C$1.1350($1.0bn)

REUTERS

Dollar steadies near seven-year high vs yen; eyes on ECB

The dollar steadied after hitting a seven-year high against the yen on Thursday as traders sold into a steep rally ahead of a European Central Bank meeting later in the session and U.S. nonfarm payrolls data on Friday.

Source: http://www.reuters.com/article/2014/11/06/us-markets-forex-idUSKBN0IQ0B620141106

BLOOMBERG

BOJ Runs Into Critical Analysts After Kuroda Easing Shock

While Kuroda said he didn't intend to surprise anyone with the decision to bolster already-unprecedented easing, springing the news on the market added to the punch. The risk for Kuroda is that he may undermine the BOJ's credibility with some people in the market who count on central bank officials for clear and timely communication.

Source: http://www.bloomberg.com/news/2014-11-06/boj-runs-into-critical-analysts-after-kuroda-easing-shock.html

REUTERS

PRECIOUS-Gold ticks up as dollar eases, but still near 4-1/2 year low

Gold edged up slightly on Thursday as the dollar took a breather after a sharp rally, but the safe-haven metal continued to languish near its lowest level since April 2010 with fears mounting that $1,000 an ounce is the next target.

Source: http://www.reuters.com/article/2014/11/06/markets-precious-idUSL4N0SW1N620141106

The U.S. dollar just reached a new all-time high at RUR45.4065 continuing the strong rally after the Russian central bank said it would decrease its support for currency in international markets and confidence in Russia's economy is getting weaker.

European stock indices were trading lower at the start. UK's FTSE 100 index is down -0.37% to 6514.79 points, Germany's DAX 30 lost -0.21% and is trading at 9,295.71 points with lower-than-expected German factory orders, while France's CAC 40 lost -0.39% going south to 4,192.10 points.

Investors waiting for the results of the European Central Bank (ECB) meeting today but there is fear in the market that today meeting might not yield new market stimulus although it's the first meeting after Bank of Japan´s stimulus and will just keep interest rates at a record low.

Global stocks rose on Wednesday with the DOW Jones and S&P 500 advancing to new records as a consequence of U.S. mid-term election results and the as the Republican Party won control of the Senate and a stronger-than-expected report on the labour market, giving hope that Friday's payroll report will give further positive momentum to the market. Rising oil prices helped gains in the energy sector. The DOW Jones Index closed at 17,484.53 points, a plus of 0.58%, the S&P 500 at 2,023.57, a plus of +0.57%. Only the NASDAQ Composite index closed lower due to weak earnings reports with a loss of -0.06%.

Hong Kong's Hang Seng lost -0.30% closing at 23,649.31, China's Shanghai Composite rose 0.27% to 2,425.81 and Japan's Nikkei declined -0.86% to 16,792.48 after investors taking profits after recent gains.

Economic calendar (GMT0):

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

00:30 Australia Changing the number of employed October -23.7 [Revised From -29.7] +10.3 +24.1

00:30 Australia Unemployment rate October 6.2% [Revised From 6.1%] 6.1% 6.2%

05:00 Japan Leading Economic Index September 104.4 105.5 105.6

05:00 Japan Coincident Index September 108.3 no forecast 109.7

06:45 Switzerland SECO Consumer Climate Quarter IV -1 -4 -11

07:00 Germany Factory Orders s.a. (MoM) September -5.7% +2.2% +0.8%

07:00 Germany Factory Orders n.s.a. (YoY) September -1.3% no forecast -1.0%

The U.S. dollar traded weaker against the Japanese yen after his 5% rally since last Friday and also against the euro in the wake of today’s ECB monetary politic decisions today. The ECB is expected to leave interest rates at the current level.

The New Zealand dollar and the Australian dollar recovered from their lows against the U.S. dollar. Australian job gains beat estimates. The number of people employed rose by 24,100. A plus of more than 4,000 compared with the forecasts.

EUR/USD: the currency pair rose to USD1.2515

USD/JPY: the U.S. dollar lost against the Japanese yen and is currently trading at Y114.30

GPB/USD: the currency pair increased to USD1.5991

The most important news that are expected (GMT0):

08:00 United Kingdom Halifax house price index 3m Y/Y October +9.6%                

09:00 Eurozone Eurogroup Meetings                                                   

09:30 United Kingdom Industrial Production (MoM) September 0.0% +0.5%    

09:30 United Kingdom Industrial Production (YoY) September +2.5% +1.5%     

09:30 United Kingdom Manufacturing Production (MoM) September +0.1% +0.3%      

09:30 United Kingdom Manufacturing Production (YoY) September +3.9% +2.7%            

10:00 Eurozone European Commission Economic Growth Forecasts                                                    

12:00 United Kingdom Asset Purchase Facility 375 375

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%               

12:00 United Kingdom MPC Rate Statement                                                    

12:45 Eurozone ECB Interest Rate Decision 0.05% 0.05%             

13:30 Eurozone ECB Press Conference                                                

13:30 Canada Building Permits (MoM) September -27.3% +5.2%            

13:30 U.S. Initial Jobless Claims October 287 285             

13:30 U.S. Nonfarm Productivity, q/q (Preliminary) Quarter III +2.3% [Revised From +2.5%] +0.9%       

13:30 U.S. Unit Labor Costs, q/q(Preliminary) Quarter III -0.1% [Revised From +0.6%] +1.0%       

15:00 United Kingdom NIESR GDP Estimate October +0.7%                       

15:00 Canada Ivey Purchasing Managers Index October 58.6 59.2          

22:30 Australia AiG Performance of Construction Index October 59.1                     

EUR / USD

Resistance levels (open interest**, contracts)

$1.2708 (5320)

$1.2664 (3366)

$1.2589 (3199)

Price at time of writing this review: $ 1.2520

Support levels (open interest**, contracts):

$1.2459 (6103)

$1.2423 (6746)

$1.2364 (7901)

Comments:

- Overall open interest on the CALL options with the expiration date November, 7 is 67597 contracts, with the maximum number of contracts with strike pric $1,2900 (6963);

- Overall open interest on the PUT options with the expiration date November, 7 is 66117 contracts, with the maximum number of contracts with strike price $1,2400 (7901);

- The ratio of PUT/CALL was 0.98 versus 1.00 from the previous trading day according to data from November, 5

GBP/USD

Resistance levels (open interest**, contracts)

$1.6200 (2849)

$1.6101 (1471)

$1.6004 (594)

Price at time of writing this review: $1.5989

Support levels (open interest**, contracts):

$1.5897 (4452)

$1.5799 (1606)

$1.5700 (757)

Comments:

- Overall open interest on the CALL options with the expiration date November, 7 is 29550 contracts, with the maximum number of contracts with strike price $1,6200 (2849);

- Overall open interest on the PUT options with the expiration date November, 7 is 35230 contracts, with the maximum number of contracts with strike price $1,5900 (4452);

- The ratio of PUT/CALL was 1.19 versus 1.17 from the previous trading day according to data from November, 5

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.