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Message: [QUOTE="MasterForex Broker, post: 54087, member: 16067"] [size=2][b]Overview of the main economical events of the current day - 25/10/2013[/b] [color="#4169E1"][b]EURUSD Above 1.38 for the First Time for Almost Two Years[/b][/color][/size] The US dollar was traded on Thursday slightly downwards against the euro and the pound; it almost didn’t change Vs the yen, Swiss franc and Australian dollar; and it rose against Canadian and New Zealand dollars. Unemployment claims and Manufacturing PMI in the USA turned out worse than expected. The euro and the pound rose despite the decrease of euro-zone PMI and Factory orders in the UK. Australian dollar was supported by Chinese Manufacturing PMI growth. Unemployment claims in the US fell less than expected last week – by 12 thousand to 350 thousand against the expected decrease to 340 thousand. The indicator has been falling short of market expectations for three weeks in a row. An average number of claims for past four weeks rose to 348.25 thousand from 337.5 thousand. The U.S. Flash Markit Manufacturing PMI dropped more considerably in October than expected – from 52.8 p. in September to 51.1 p. against the expected decrease to 52.5 p. PMI growth rate in October turned out the weakest for the past year. [center][IMG]http://masterforex.com/useruploads/images/oct_claims_4.png[/IMG][/center] At the same time Trade balance and job openings in the USA turned out slightly better than forecasted. The US Trade deficit in August grew by 0.4% to $38.8 billion from $38.6 billion in July, which turned out a little better than expected deficit growth to $39.4 billion. The exports fell by 0.1% while imports remained almost unchanged. The US Job Openings rose considerably in August by 1.8% to 3.88 million in comparison with 3.81 million in July. The euro again updated its annual height having hit 1.38 Vs dollar for the first time since November, 2011 despite some decrease of Purchasing Manager Indexes which are worse than expected – except German Manufacturing PMI. Euro-Zone Composite PMI fell to 51.5 p. in October from 2-year highest reading 52.2 p. prior month while index growth to 52.4 p. was expected. However, the index has been above 50 for four months in a row already, which indicates economic growth. [center][IMG]http://masterforex.com/useruploads/images/oct_eu_pmi.gif[/IMG][/center] Spanish Unemployment Rate fell lower 26% for the first time in a year. Unemployment rate fell to 25.98% in the third quarter of this year from 26.26% in the second quarter. Unemployment decrease to 26.10% was forecasted. ECB's Yves Mersch said on Thursday that another 3-year LTRO might not be necessary as the ECB soft monetary policy shows its effectiveness. British pound recovered its losses at the end of the day which was after the release of weak CBI Industrial Order Expectations. CBI Industrial Order Expectations dropped to -4 in October against +9 in September. At the same time companies’ optimism increased reflecting economic recovery acceleration from the beginning of this year. Bank of England governor Mark Carney said on Thursday that the central bank would facilitate the provision of liquidity to banks if the financial system seemed unstable. Australian dollar was supported by Chinese manufacturing PMI growth data. HSBC Flash Manufacturing PMI rose to 50.9 p. in October, the highest reading for past seven months against 50.2 p. in September – which says about the acceleration in manufacturing sector of the world’s second largest economy. The index is above important level of 50 p. for three months in a row. New Zealand dollar was traded downwards despite a significant trade deficit decrease. Canadian dollar also continued falling under the pressure of BoC Rate Statement published on Wednesday that the central bank refused its inclination to raise interest rate. [/QUOTE]

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