Foreign exchange market. Asian session: the New Zealand dollar rose amid business confidence data

Economic calendar (GMT0):

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

00:00 New Zealand ANZ Business Confidence October -18.9 10.5

00:05 United Kingdom Gfk Consumer Confidence October 3 4 2

00:30 Australia Private Sector Credit, m/m September 0.6% 0.8%

00:30 Australia Producer price index, q / q Quarter III 0.3% 0.9%

00:30 Australia Producer price index, y/y Quarter III 1.1% 1.7%

03:00 Japan BoJ Interest Rate Decision 0% 0%

03:00 Japan Bank of Japan Monetary Base Target 275 275

03:00 Japan BoJ Monetary Policy Statement

The yen was volatile this morning. At the beginning of the session it gained substantially against the U.S. dollar after the Board of Bank of Japan voted 8-1 to continue increasing monetary base at annual pace of 80 trln yen. However later the yen fell as investors awaited BOJ Governor Kuroda's press conference to see clues on the monetary policy's future.

The New Zealand dollar rose amid a positive report on business confidence published by ANZ. The corresponding index rose to 10.5% in October from -18.9 reported previously. Business confidence data allow to analyze the economic situation in the short-term future. A higher reading suggests greater investment, which is favorable for production. Activity outlook came in at 23.7% vs 16.7% in the previous survey.

EUR/USD: the pair fluctuated within $1.0965-95 in Asian trade

USD/JPY: the pair rose to Y121.45

GBP/USD: the pair traded within $1.5310-35

The most important news that are expected (GMT0):

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

06:30 Japan BOJ Press Conference

07:00 Germany Retail sales, real adjusted September -0.4% 0.4%

07:00 Germany Retail sales, real unadjusted, y/y September 2.5% 4.2%

08:00 Switzerland KOF Leading Indicator October 100.4 100

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) October -0.1% 0%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) October 0.9% 0.9%

10:00 Eurozone Unemployment Rate September 11% 11%

12:30 Canada GDP (m/m) August 0.3% 0.1%

12:30 U.S. Personal Income, m/m September 0.3% 0.2%

12:30 U.S. Personal spending September 0.4% 0.2%

12:30 U.S. PCE price index ex food, energy, m/m September 0.0%

12:30 U.S. PCE price index ex food, energy, Y/Y September 0.3%

13:45 U.S. Chicago Purchasing Managers' Index October 48.7 49

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) October 87.2 92.5

14:00 U.S. FOMC Member Williams Speaks