European session: the euro rose moderately against the U.S. dollar

Data

00:30 Australia Gross mortgage lending September -3.9% +3.6% +4.4%

05:00 Japan index of the current Eco Watchers Survey October  52.8   54.2   51.8

05:00 Japan: Outlook Eco Watchers Survey: October  54.2   54.7   54.5

8:00 The volume of loans to China, Oct. billion yuan  787  581  506

The euro rose against the dollar, despite the lack of economic reports. The pair started the trading week higher , recovering from a sharp fall last week at the ECB and the employment report for October on the weakening dollar. This week, we are waiting for a revised eurozone GDP for the 3rd quarter . Experts believe that the GDP for the 3rd quarter . unlikely to cause a significant rally in the euro , since most of the data has already confirmed the potential growth of the GDP . However fletovoe or negative value will be a big surprise that pressure the shares of European banks and the euro . However , the probability of such an outcome is low.

It should be noted that market participants are also waiting for data on industrial production . According to the median estimate of economists in September, the volume of industrial production in the euro area is likely to fall by 0.3 %, compared with the previous month , when it grew by 1%. The report will be presented on November 13.

The Australian dollar fell against the U.S. dollar , in response , so to data from China , which were published over the weekend . From the report it was reported that China's economic recovery is gathering pace , aided by a significant increase in industrial production and exports. Note that this improvement offset fears that the ongoing economic restructuring may further inhibit growth.

The National Bureau of Statistics said on Saturday that China's industrial production rose in October by 10.3 percent year on year, which was slightly faster than the 10.2 percent increase seen in September. We also add that production rose by 9.7 percent during the first ten months of this year. In addition, it was reported that retail sales growth in October was significant, but at the same level, while 13.3 percent. In January -October sales were up 13 percent compared with the same period last year, said the National Bureau of Statistics.

The data also showed that investment in fixed assets rose in October by 20.1 per cent per annum , compared with an increase of 20.2 per cent per annum in the previous month .

EUR / USD: during the European session, the pair rose to $ 1.3408

GBP / USD: during the European session, the pair fell to $ 1.5977

USD / JPY: during the European session, the pair rose from Y98.91 to Y99.20

At 23:00 GMT New Zealand will present the house price index from REINZ for October, and will announce the change in the volume of home sales in October from REINZ . At 23:50 GMT Japan will publish the index of activity in the service sector in September.