European session: the euro fell against the dollar

Data

11:00 UK Retail sales according to the Confederation of British Industry 34 October 33

13:00 UK Speech bank of England chief economist Spencer Dale

The dollar rose against the euro as investors are awaiting U.S. data on industrial production pending transactions for the sale of housing. We add that the markets are also waiting for the meeting of the Operations Committee on the Federal Open Market on Wednesday in hopes of getting guidance on the timing of folding. Experts point out that the Federal Reserve is likely to repeat that it is not willing to reduce the amount of bond buying program and will wait for more evidence that the economy is strong enough to cope with the reduction incentives. The vast majority of analysts agree that the central bank will continue the program of asset purchases , which is $ 85 billion a month after the end of the two-day meeting on Tuesday and Wednesday . In the accompanying statement , the central bank is likely to confirm the possibility of folding the program purchases until the end of the year. In recent days, many well-known economists have revised their expectations about the first reduction in the QE March 2014 .

The pound fell against the dollar, losing the position of all previously earned. Earlier, the strengthening of the British currency was due to the release of the report from Hometrack, which showed that the average price in the sale of housing in the UK continued to rise in October, which was due to increased demand among buyers. However, the number of proposed homes for sale declined, raising questions about the health of the housing market. According to the report , the average asking price for a house in the UK rose by 0.5 % in October compared with the previous month , when prices rose at the same pace . This marks the ninth consecutive monthly increase in prices . On an annual basis , house prices rose in October by 3.1 %, compared with an increase of 2.4 % in the previous month.

Add that after the publication of GDP data for the UK next major event for the pair will be meeting FOMC, although the markets and predict that Bernanke will be neutral tone . Tomorrow Britain will publish reports on the money supply , loan approvals for mortgages , consumer loans , and in the second half of the week - the data on potrebdoveriyu Gfk, Nationwide house prices and PMI Markit.

EUR / USD: during the European session, the pair fell to $ 1.3780

GBP / USD: during the European session, the pair fell to $ 1.6155

USD / JPY: during the European session, the pair rose to Y97.71

At 13:15 GMT the United States will present capacity utilization for September, and will report on changes in the volume of industrial production in September. At 14:00 GMT the United States will announce the change in the volume of outstanding home sales for September. At 23:30 GMT Japan will release data on changes in the level of household spending and changes in retail sales for September.