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Message: [QUOTE="MasterForex Broker, post: 53485, member: 16067"] [size=2][b]Overview of the main economical events of the current day - 14/10/2013[/b] [color="#4169E1"][b]The Main Events of the Week[/b][/color][/size] The US dollar was traded on Friday moderately downwards Vs most major currencies amid US consumer sentiment decrease to the lows of the beginning of this year. The euro rose moderately while the pound fell insignificantly amid the UK construction activity decrease. The yen continued weakening having fallen to almost 2-week low Vs the dollar. The Canadian dollar rose after the labor report of Canada which showed an unexpected fall of unemployment rate to its low since December, 2008. Preliminary U. of Michigan Consumer Sentiment fell in October more than expected (76 p.) to 75.2 p. compared with 77.5 p. in September. Current assessment was kept almost unchanged while economic outlook index fell significantly. Consumers are more pessimistic about economic outlook in terms of unsolved budget problems and the US national debt limit increase issues. [center][IMG]http://masterforex.com/useruploads/images/oct_uom.gif[/IMG][/center] By the end of the week the dollar had risen by 0.3% according to the dollar index having shown the first weekly growth after four weeks of decrease. The dollar rose Vs the Japanese yen (+1.13%), Canadian dollar (+0.55%), Swiss franc (+0.53%), British pound (+0.34%) and the euro (+0.11%). The dollar dropped only against Australian dollar (-0.35%) and New Zealand dollar (-0.06%). The dollar was supported by FOMC Meeting Minutes published last week which showed the intentions of most FOMC members to start QE tapering off by the end of this year; and also a seemed exit from the US fiscal crisis. Opposed parties started negotiations although no real results are reached yet. This week the markets will still pay attention to the USA where the negotiations between the democrats and republicans on budget issue resolution and the US debt limit increase are going on. A bowling point comes on October 17 and quite probably the agreement between the parties will be reached at the very last moment. This week there will be a release of RBA Meeting Minutes; inflation data (UK, euro-zone, New Zealand, Canada, China); retail sales (UK and China), labour market (UK); and a large Chinese information block at the end of the week. Monday is a day off in the USA (and Canada). On Tuesday Empire State Manufacturing Index is released, on Wednesday - NAHB Housing Market Index and Fed economic survey Beige Book, on Thursday - Philadelphia Fed Manufacturing Index and on Friday - CB Leading Index. Consumer Price Index will be released on Wednesday; Industrial Output, Building Permits and Housing Starts are unlikely to be published on Thursday. In euro-zone industrial output will be released on Monday, on Wednesday – final Consumer Price Index and Trade Balance, and on Thursday – Current Account. On Tuesday euro-zone and German ZEW Economic Sentiment is released – investor sentiment seems to stay almost unchanged in October amid political tensions in the USA and Italy. In the UK on Tuesday there will be a release of Producer and Consumer Price Index, on Wednesday – labour market data, and on Thursday – retail sales. In Australia on Tuesday there will be a release of the Reserve Bank of Australia Meeting Minutes and New Motor Vehicle Sales, and on Thursday - NAB Quarterly Business Confidence. Consumer Price Index of New Zealand will be released on Wednesday, and on Friday – of Canada. In China on Monday there will be also a release of inflation data, and on Friday – a large information block (GDP, industrial output, retail sales, fixed asset investment). [/QUOTE]

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