U.S. Week stern with the meeting of the Federal Open Committee and growth data for the third quarter

Receives the markets this week with all the passion because of its great importance and a handful of very important U.S. data, FOMC meeting sits open on the agenda this week with draws all eyes on what will be the policy of the Federal and whether the economy has so far convinced him after the start of Jules third stimulus at its previous meeting, and vowed to its expansion in case they need the economy, in addition to that we have a date with the performance of the U.S. economy during the third quarter with expectations a little better.
We are not this week on a date with data-caliber light, but this may be the week his great impact on the direction of financial markets and on investor sentiment year, although it is not expected to take the U.S. Federal at its will last for two days any decisions or new measures on policy cash after initiated last month a third round of quantitative easing in order to support the world's largest economy.
Aims Federal Bouktute those supporting the economy, which suffers from internal crises and external, The impact of the European debt crisis and clear on the U.S. economy, add to the suffering of the Gaza U.S. labor and housing sector as well, and who has vowed Fed at its last meeting by using more of the tools to support the economy if conditions remained bad sector work without it gets better.
Not expected as we that the Fed meeting facilitated monetary policy in particular and he had indicated during a meeting last that he would keep the current interest rate low until mid-2015 at least, and that the Federal needed to assess the economic situation in the country after the onset of the effects of round of quantitative easing carried out last month, did not show positive effects on the economy where they need to be more time so that the Fed can better assess the situation and whether the economy needs more facilitation.
This and that we are on a date this week on many of the data that may help us in assessing the economy to see policy Fed next and whether the economy needs more support stimulus or not, it is expected to show us advanced reading of GDP the U.S. during the third quarter improved pace growth to 1.8% and is better than reading the second quarter that the economy grew بحسبها at a 1.3% pace.
May not see reading expected for the growth of the economy during the third quarter at 1.8% is excellent, but it is better than the previous and may consider it a reference to move the economy in the right way and improvement gradually, especially and that the effects of round quantitative easing third did not appear after the aspects of the U.S. economy and that may help the economy to improve and achieve better performance in the coming period.
This is expected to improve the proportion of personal consumption also in the third quarter to rise to a rate of 2.0% compared to the previous reading of 1.5%, noting that personal consumption have a significant role in the GDP reading and in the economic wheel Overall.
On the other hand, we are waiting for durable goods orders data also this week and which are expected to show a rise of up to a rate of 6.8% during the month of September compared to the sharp decline made goods orders during the month that preceded at a rate of -13.2%, note that applications exempted transportation may also rise, including 0.8% compared to retreat made by the previous reading at -1.6%.
Knowing that he is expected to appear PMI reading industrial sector continues to grow modestly at 51.5 note that levels of 50 is the line between growth and contraction of the sector, that sector may appear very modest growth during the month of October.

Reaching the U.S. dollar peak day high against the USD / CHF

With the high demand for the U.S. dollar on Friday, the pair USD / CHF since the opening of European trading to reach the point 0.9270. And after the pair fell rapidly to 0.9260 returned to the peak height day Hoacm trading it at the moment.

This has European Union leaders agreed on a consolidated supervision mechanism. However, delay activation of this mechanism to 2013 which prevents it from the European Stability Mechanism Fund and funding Spanish banks which weigh on European sovereignty that the expansion of public debt by about 4.0% to meet the target of averages.

And the Swiss franc, has increased the demand for it private at 06:00 GMT, with the release of PPI data German improved annual reading of 1.6% + 1.7% + in September. Also widened the seasonally adjusted reading of the current account surplus in the euro zone to 8.8 billion euros in August compared with the previous recorded 8.1 billion euros. However declined seasonally adjusted reading of 14.3 to 7.2 billion euros. As Italian industrial orders came weak on a monthly and yearly basis with improved industrial sales in August. The annual readings are still in the downturn.

On the technical side, says Karen Jones, technical analyst Bank Commerz, "through graphs for the pair USD / CHF, we find that trading is limited to a narrow range and this reflects the loss of downward momentum." The analyst expects that the pair faces resistance at 0.9275/0.9300 area and then the 0.9360 resistance line such as basic resistance, 0.9438 (peak height in October).

Possible arrival pair USD / JPY to 80.00 by the end of this year - Scotia Bank

After falling for area 79.40 in early Asian trading this morning, resumed the yen to appreciate against the U.S. dollar, prompting the pair USD / JPY retreat from some of the profits recorded since last Monday with increased risk appetite in the market driving currenciessafe haven for landing.

In the opinion of expert Camilla Sutton currency strategy at Scotia Bank to "continue to rise the difference between U.S. Treasury yields and Japanese for 10 years, following expectations concerning the decision of neutral powers to the Bank of Japan." Where Ttof Sutton to increase pressure rise on the pair on the background of the political situation that predict the possibility of a general election by the end of 2012 and the President may be more neutral for the Bank of Japan in 2013.
She added: "We expect to be directed to the pair USD / JPY level 80.00 by the end of this year, and level 87.00 by the end of 2013"

Dollar in the second day of the Ascension

The U.S. dollar continued ascent path which it opened the week, rising during today's Asian session after a profit closed Monday's trading. Thus the dollar has made ​​his first rise sequentially since Oct. 27. Although these findings do not yet represent real technical change is the beginning of change in the path, but the results are encouraging because they come in a good position to investor appetite. , Which analysts see as a necessary correction from record low levels was bound to happen despite the conditions underlying data contrary to this trend. If this is true, any additional positive change in investor appetite, perhaps restores the dollar to normal, but if the dollar remained conservative on the rise "self" may find support from the stimulus plan approved last week to continue to rise.

Nikkei rise in early trade in Tokyo

TOKYO (Reuters) - ‭ ‭ ‬ ‬ Nikkei index rose in early trading in Bursa
Tokyo Stock Exchange on Wednesday, with the decline in the yen after fears receded of season
Weak corporate earnings following the announcement of Goldman Sachs reported a profit better than
It was expected.


The Nikkei jumped 0.9 percent to 8767.74 points, while the Topix index
Wider by 0.8 percent to 738.24 points.

Dollar index down to its lowest level in a month

LONDON (Reuters) - The dollar index to its lowest level in a month on Wednesday
Influenced by currency losses against the euro, which rose after Moody's Investors Service confirmed
Spain's rating ‭ Baa3 ‬.


The index fell 0.4 percent to a new record low level at 79.089. The euro rose 0.5
Percent to $ 1.3112 after recording the highest price in a month when it reached $ 1.3125 at the time
Earlier on trading platform E. P. S.

Forex - EUR / USD up at the end of the U.S. session

Forex Pros - The Euro was higher against the U.S. dollar on Friday.

EUR / USD was trading at 1.2953, up 0.19% at time of writing.

The pair was likely to find support at 1.2824, Thursday's low, and resistance at 1.3015, Monday's high.

At the same time, the euro was up against the British Pound and the Japanese Yen, with EUR / GBP gaining 0.02% to hit 0.8060 and EUR / JPY rising 0.34% to hit 101.61.

Low frequency of jobless claims in the United States to its best level since 2008

Released from the U.S. economy today report jobless claims to indicate a decrease in the frequency of jobless claims by unemployed during the past week in the United States to the lowest level since the month of February, where improved jobless claims weekly for the week ending on the sixth of October / October to 339 thousand request, compared with the previous reading that have been modified to 369 thousand request, but lower than expectations, which amounted to 370 thousand request.
Moreover came jobless claims continuing and which refers to the number of Americans who applied to claims so far, down to 3273 A Request for the week ending twenty-ninth of September / September, compared with the previous reading that have been modified to 3288 A. request, and the best of expectations, which amounted to 3275 thousand request.
Showed the U.S. economy recently reduced the unemployment rate in the country to 7.8%, while it confirmed the Feds third round of plans of quantitative easing (QE), to support the growth in the U.S. economy, and by U.S. $ 40 billion per month, while linking Feds end his stimulus program improved the performance of the U.S. labor sector.
We must point out that the U.S. economy disclosed also for data Trade Balance report, which pointed to the expansion of the deficit in the trade balance to 44.2 billion U.S. dollars, compared with the previous reading that have been modified to deficit of $ 42.5 billion, and worst than expectations of a deficit of 44.0 billion dollars.
This is read the trade balance this logical too, especially if you look at crude oil prices during the reporting period, rising oil prices during August / August to levels $ 96 U.S. per barrel, which hurt exports U.S. significantly, and thus expand the trade deficit U.S..
The U.S. economy is still in the face of difficult challenges that stand in front of the offering to achieve long-term growth, which is in high unemployment and tight credit conditions in addition to the continuation of the European debt crisis and weak spending levels.
And for the economy are closest to the U.S. economy, which is the Canadian economy, has issued the day index international merchandise trade, which showed shrinking deficit in the trade balance during the month of August / August to 1.32 billion Canadian dollars, compared with the previous reading, which amounted to -2.34 billion Canadian dollars and have been adjusted to -2.53 billion Canadian dollars, and better than expectations, which amounted to -1.90 billion Canadian dollars.

Week events focused on economic Spain and reports the International Monetary Fund and the Ecofin meeting

Dominated negative obvious trading last week, especially with the International Monetary Fund to reduce the outlook for global economic growth, and download Europe responsibility difficult economic conditions present, and ratified vision during the week's transactions by the Standard & Poor's cut the credit rating of sovereign debt in Spain to become the top step One of the levels with a high risk.
Incurred European stock markets and the euro significant losses after the cut IMF growth forecasts for the world economy as a result of the escalation of European sovereign debt crisis and warned of growth rates is weak in the United States and in Europe in the left decision-makers are unable to take policy stimulus appropriate.
UNFPA reduced growth prospects in the euro zone contraction this year when -0.4% to return the economy to grow slightly at 0.3% over the next year, and the Fund pointed out that the euro zone economy will remain unstable until their leaders to take further action serious and tangible to fight debt crisis, which is the first priority at the moment.
The most important event and the largest this week was reducing the credit rating of sovereign debt long-term Spain confirmed weak outlook for the Spanish economy in light of confusion in the decisions of the European region and the European Central Bank, was downgraded sovereign debt in Spain to BBB-after it was BBB +, in While the agency continues to maintain a negative outlook for the future of the Spanish economy, and the classification of short-term sovereign debt has also been reduced by the agency to become when A-3 from A-2.
The firm said that the tension between the local governments and the central government is increasing, which reduces the chances of finding solutions to the financial crisis in the country., As are likely to face the country's contraction in gross domestic product rose 1.2% in 2012 and 1.4% in 2013, and that the contraction of the private sector and austerity government will lead to further contraction in investment and domestic consumption in the two sectors.
European markets resumed their recovery after the decline witnessed following the reduction of the Spanish with the hopes that the country will request a bailout with the increasing pressure on the government that this credit reduce the half-life of the Spanish sovereign debt is the main threat to exit the country in the bond markets.
Expected to be Spain's first European country to benefit from the European Fund Permanent (European Stability Mechanism) which was launched by the euro zone finance ministers during their monthly meeting in Luxembourg on Monday with a capital of up to about 500 billion euros, which will replace the Financial Stability Fund temporary lending nations stalled in the euro area for the implementation of fiscal and structural reforms strict to restore investor confidence.
Ministers agreed in Ecofin that Spain does not need to program aid, at a time when lead by the State all necessary in fiscal policy and structural reforms. "And added Minister that if made Spain a request for further assistance in addition to 100 billion euros have been allocated in advance to re- capitalized banks will discuss the request.
But Greece, gave ministers Greece until October 18 (the date next to the summit European) to show its determination to promised reforms in return for the second installment $ 31 billion euros of loan rescue the second, and this was announced by Chairman of the Group ???????? Jean-Claude Juncker yesterday evening.
At the same time the ministers agreed to exchange a new batch of bailout loans package planned for Portugal as well as increase the grace period given to Lisbon in order to reduce the budget deficit to the target level by an additional year until 2014.
Within the events that took place during the week Merkel's meeting with Samaras, who is the first since the outbreak of the credit crisis in 2009, and German Chancellor welcomed the efforts made in the implementation of fiscal and structural reforms strict.

U.S. economy week concludes with the official launch of the season announcement of financial results

Could the U.S. economy ending a week RPR being week which saw the official launch of the season Disclosure U.S. companies announced its financial results for the third quarter of this year 2012, while expected to carry us next week a lot of economic data and financial results for the companies major U.S., in relation to performance during the third quarter.
But in general, the data issued by the U.S. economy during the last week confirmed that the U.S. economy saw a slight improvement in recent times, while not clear where the effects of the adoption of the Feds for a third round of plans of quantitative easing (QE), and by 40 billion U.S. dollars per month.
And eating details news, the report confirmed Beige Book U.S. that the U.S. economy has seen a marked improvement in 12 provinces federal and moderate pace, while we have seen the expansion of the deficit in the U.S. trade balance in August / August and worse than expectations, affected the trade balance during the reporting period, up oil prices on the one hand, which contributed to the high cost of shipping goods and thus weighing on U.S. exports, not to mention the problems plaguing the U.S. economy, which is the high unemployment rates and tighter credit conditions.
As for the performance of the labor sector U.S., we have seen a decline in the frequency of jobless claims by unemployed people in the United States last week to their best level since February of 2009, while the index showed the University of Michigan consumer confidence growth confidence levels are considerably during the October / October, with the support of the apparent amelioration of the situation of the labor sector and the adoption of a third round of quantitative easing.
We must point out that banks JP Morgan Chase and Wells Fargo announced in the last days last week for their results financial third quarter of this year, and that came highest of expectations, while longer results achieved by the banks during the third quarter are better across their history , noted that JP Morgan Chase is the largest in terms of assets in the United States of America.
This came a rise in profits bank direct impact of higher revenues mortgages during the reporting period by 72 percent, while we have seen over the past week also do Standard & Poors credit rating cut the credit rating of Spain in a surprise move, which returned to mind the subject of continuous European debt crisis.
In the end, saw the U.S. dollar has seen a rise in trading last week, due to data released from the U.S. economy, and the world, which directed investors towards the U.S. dollar, while the fallen U.S. equity markets late last week because of fears about the European debt crisis ...

Forex - USD / CAD up during the U.S. session

Forex - USD / CAD up during the U.S. session

Forex Pros - The U.S. Dollar was higher against the Canadian Dollar on Friday.

USD / CAD was trading at 0.9796, up 0.10% at time of writing.

The pair was likely to find support at 0.9745, Tuesday's low, and resistance at 0.9835, Thursday's high.

At the same time, the U.S. dollar was down against the Euro and the British Pound, with EUR / USD gaining 0.26% to hit 1.2961 and GBP / USD rising 0.19% to hit 1.6076.

GDP data and China's consumer prices overwhelm the rest of the Asian data next week

China controls the largest Asian economies on events next week Asian undisputed issuance of GDP data for the third quarter and the annual consumer prices during September. And importance lies in the status of China's economy as well as what you are suffering from low and clear in the growth rates is the lowest in three years.
The beginning of the expected release of consumer price data annual through September fifteenth day of October, here we refer to the previous reading recorded 2.0% and is an acceptable where China is experiencing a state of stability in inflation rates during the previous period due to the decline in growth rates and low levels of exports.
In this context, we note that the moderation in consumer prices was one of the most important reasons that provided an opportunity for China's central bank pumped money into the economy during the previous period more flexibility to support economic growth policies quick impact on the general economic situation.
On the other hand will be issued GDP data for the third quarter on the eighteenth of October, noted that the previous reading in the long recorded annual growth rate of 7.8% is the minimum rate for China in three years. While the previous reading came in the long Quarterly registered a growth rate of 1.8%.
In light of these rates, which put China in the unenviable position we find that the stimulus measures to raise the level of liquidity in the markets is not sufficient due to the adoption of China's economy primarily on exports, and that is no way to recovery but the recovery of the global economy in general and a positive development in terms of a crisis area euro in particular. By doing so, do not expect to come GDP data updated mutation may even come unrealized growth in a narrow range during this period, according to China's economic performance

Producer prices in America during September, gold rise as a hedge against inflation

U.S. economy released today more key data, where the report was issued U.S. producer prices, which returned to reaffirm that inflation remained under control during the September / September, but the report noted that the price levels are still rising, but at a moderate pace.
The producer prices during September / September by 1.1%, compared with the previous reading, which amounted to 1.7%, and the highest of expectations, which amounted to 0.8%, while at the annual rose prices by 2.3%, compared with the previous reading, which amounted to 2.5%, and the lowest than expectations of 2.5%.
On the other hand have stabilized PPI core - those excluded from food and energy prices - during the September / September when reading zero, compared with the previous reading, which amounted to 0.2%, and lower than expectations of 0.2%, while at the annual prices have risen producers core 2.1%, compared with the previous reading, which amounted to 2.0%, and the highest of expectations, which amounted to 1.8%.
We must take into account that the prices of consumer goods, which represent approximately 73.33% of the report as a whole rose during September / September by 1.6%, compared with the previous reading which reached during August / August 2.3%, while producer prices excluding food - those which represents about 81.22% of the total price - by 1.3%, compared with the previous reading, which amounted to 1.9%.
This was confirmed by the report on the survival rates of inflation core within expectations, which is a clear confirmation that inflation remains under control, noting the Feds economic situation being that economic activities declined during the past period, which has put pressure on prices and limited high, knowing that this weakness led the Feds to approve a third round of quantitative easing plans (QE) to support the economy.
The bank expects the U.S. Federal inflation remains under control during the next two years, in the midst of a policy the Fed, which is based on growth, such as resorting to control inflation, in addition to that the U.S. economy is still in a standoff with the obstacles that are in the high unemployment rates and conditions to stress credit, which limits the progress levels of consumer spending.
This has seen gold prices rise immediately after the producer price data, due to the fact that gold is a hedge against inflation, with higher levels and rates of inflation during September / September draws investors in their dealings following the release of figures cursor to the gold, up at 12:55 pm GMT Greenwich to $ 1.771.42 an ounce.
And here to point out that the overall situation in the U.S. economy is still weak somewhat, and this indicates that the U.S. economy would be required more time to be back to normal, as they say, not to mention that the phase of recovery of the U.S. economy lost some of its intention during the past few , since it is anticipated that the U.S. economy continues to recovery phase during the current year and until the second half of the year 2013 ...

Japanese Prime Minister calls on the Chinese authorities to open the door to dialogue on the three islands crisis

Japanese Prime Minister Mr. Yoshihiko Noda Chinese authorities need to open a dialogue on the archipelago islands disputed between the two countries, and pointed out that this conflict has caused serious economic damage to the two countries during the past period and that it was time for diplomatic dialogue.

This may Noda pointed out that the second and third largest economies in the world have begun to lose economic and political interdependence, and pointed out that in the event of an interruption of trade and economic relations between the two countries, the two economies will suffer greatly in the time when the two countries bad economic conditions .

Some argue that the call Noda for dialogue between the two countries reflects the tension by the side of Japan on nationalization carried out by Japan of the islands three, and fears that the consequences of this economic repercussions between two countries with the knowledge that Japan indispensable for any economic decline currently under suffering control of the situation of Japanese companies that suffer greatly from the decline in global demand.

It is worth mentioning that the public reaction in China to the decision nationalization Japan Root came violently bit and had suffered from Japanese companies and led by Toyota and Nissan, who were forced to shut down their factories to produce cars in China, which resulted in decline in sales of cars during the month September to its lowest level since September 2008.

This has contributed to the conflict between the two countries in Japanese stocks fell during the last month as Nikkei 225 fell for Japanese stocks by 3.6% since the tenth of September, which reflects Japanese concerns about the economic crisis that may develop between the two countries.

U.S. dollar / Canadian dollar declined to its lowest level after U.S. data claim

Forex Pros - The U.S. dollar fell to a session low against the Canadian dollar on Thursday after official data showed that initial claims for unemployment dropped significantly more than expected last week.


USD / CAD 0.9764 during early U.S. trade, the pair's lowest since Tuesday, the pair subsequently consolidated at 0.9771, shedding 0.46%.

The pair was likely to find near-term support at 0.9734, the lowest price since October 5 and resistance at 0.9833, the highest price for the session in a week ..

The U.S. Department of Labor that the number of individuals filing for initial jobless benefits last week fell by a seasonally adjusted 30,000 to 339.000, compared with expectations of an increase of 1,000 to 370,000.

Figure has been modified in the previous week to reach 369,000 from 367.000 previously reported.

Also has been strengthened sentiment on the euro amid optimism that the downgrade on Spain by Standard & Poor's would force the country to seek rescue official.


Came a step agency Standard & Poor's in line with Moody's, which reduced its rating on Spain in June to June.

Rating agency warned that the ability of the Spanish political institutions to deal with the challenges posed by the decline ..

In Canada, official data showed that the trade deficit narrowed to 1.3 billion Canadian dollars in August, compared to expectations for a $ 2.0 billion deficit. CAD

The Australian dollar remained supported after data showed that the country's economy added 14,500 jobs in September, defying expectations, an increase of 3,800.

Market sentiment has rebounded in general hopes that lower credit rating on Spain by Standard & Poor's would force Madrid to seek a rescue plan, which investors hope through which to resolve the debt crisis in the euro zone.

Standard & Poor's lowered classified Spain from BBB plus (+) to BBB minus (-) with a negative outlook on Wednesday evening, citing "increased risks on financing the Spanish public.
The rating agency warned that the ability of the Spanish political institutions to deal with the challenges and the current financial crisis and economic decline.

Canadian dollar remained almost unchanged against the euro, with EUR / CAD gaining 0.02% to hit 1.2642.

Later in the session, the U.S. will publish official data on crude oil stockpiles.

Forex - EUR / USD up toward the end of U.S. session

Forex - EUR / USD up toward the end of U.S. session

Forex Pros - The Euro was higher against the U.S. dollar on Friday.

EUR / USD was trading at 1.2953, up 0.19% at time of writing.

The pair was likely to find support at 1.2824, Thursday's low, and resistance at 1.3015, Monday's high.

At the same time, the euro was up against the British Pound and the Japanese Yen, with EUR / GBP gaining 0.01% to hit 0.8058 and EUR / JPY rising 0.30% to hit 101.57.

The high rate of unemployment in Greece and resume talks with Troika

Unemployment rate rose in Greece during the month of July to score 25.1%, compared to the previous rate of 24.8% in June, while the number of unemployed to 1.26 million people until that period.
The austerity policies of the Greek government and the economic downturn in the country is the first factor behind the rise in the unemployment rate in the acute vulnerability of key sectors Greek economy.
While still the Greek economy depends on international aid after the government's inability to fund itself since the three years which prompted the government to adopt strict policies in order to reduce the budget deficit has, while waiting for the government to get the second tranche of international aid after several weeks with negotiations with lenders international is expected to resume talks again on Friday.
Projections indicate the possibility of reaching a final agreement between the parties in mid-month or more precisely, during the European summit to be held next week.
As noted the International Monetary Fund that Greece needs more time to be able to achieve the target of financial reform has, but on the other hand criticized German Finance Minister these statements expressing it can not be judged until the final report of the lenders international - Troika - and which is expected to be issued with the beginning of next month.

U.S. economy is filed the second week of October - inflationary data and data confidence

It is expected to be released from the U.S. economy in the later Friday PPI, the projections indicate that producer prices fell during the month of September / September and at monthly and annual, while projections indicate that confidence levels fell slightly during October / October .
These projections indicate that the producer price index settled during the month of September / September and the Saidh monthly at levels 0.8%, compared with the previous reading, which amounted to 1.7%, while it is expected that up to read the PPI annual during the same period to 1.8%, compared with the previous reading, which amounted to 2.0%.
The PPI core and which are excluded energy and food prices which, it is expected to stabilize at monthly at levels 0.2%, compared with the previous reading, which amounted to 0.2%, and in the end, the projections indicate that the PPI core annual reached probably through September / September to levels of 2.5%, compared with the previous reading or previous height, which stood at 2.5%.
The producer price index measure of inflation dear reader, with reference to that these figures confirm that inflationary pressures remain under control and does not constitute any risks on the wheel of recovery and the recovery in the United States, and is therefore confirms the validity of the words of Fed and the health of its expectations Also, when he said the U.S. Federal on more than one occasion that interest rates will remain at their current low levels in light of that seen in the United States of America keep inflation under control in the coming period.
We must be noted that the last inflation report pointed out that inflationary pressures on the U.S. economy is still restrained Aljmah, where inflation rates are still below the levels of 2.0%, that is, they do not worry about the Feds at all, while expected to issue an indicator another gives us a clearer reading on inflation in the next week, the index is the consumer price index.
This was confirmed by the Feds in the last remarks on the subject of adoption Fed for a third round of plans of quantitative easing (QE) and by 40 billion U.S. dollars a month will not be a real risk to the economy, where the bank said the risks that may be formed by the adoption of the program remain under federal control.
However the survival rates of inflation within the low levels within the U.S. economy, which investors away from gold, as a hedge against inflation, and therefore the price of gold could see a swing and volatile or even seeing decline, but the European debt crisis and downgrade of Spain by Standard & Poor's credit rating may put pressure on commodity prices to see high, as investors worried about the future of the euro, while gold is a safe haven for investors.
In the end, we must be pointed out that investors may target in their trading day stocks and higher-yielding assets, with the knowledge that confidence data will play a role in the day, too, but more importantly for U.S. stocks will disclose all of JP Morgan Chase and Wells Fargo its financial results for the third quarter, so it is likely to rise in the U.S. stock market today, due to the fact that those results will come probably the highest of expectations.

Forex - USD / JPY up at the end of the U.S. session

Forex Pros - The U.S. Dollar was higher against the Japanese Yen on Friday.

USD / JPY was trading at 78.44, up 0.13% at time of writing.

The pair was likely to find support at 77.95, Thursday's low, and resistance at 78.71, Monday's high.

At the same time, the U.S. dollar was down against the Euro and the British Pound, with EUR / USD gaining 0.19% to hit 1.2953 and GBP / USD rising 0.18% to hit 1.6075.

Forex - GBP / USD up at the end of the U.S. session

Forex Pros - The British Pound was higher against the U.S. Dollar on Friday.

GBP / USD was trading at 1.6075, up 0.18% at time of writing.

The pair was likely to find support at 1.5977, Tuesday's low, and resistance at 1.6136, Monday's high.

At the same time, the British Pound was down against the Euro and up against the Japanese Yen, with EUR / GBP gaining 0.02% to hit 0.8060 and GBP / JPY rising 0.31% to hit 126.08.

Widening trade deficit Japan in conjunction with the addition of the Australian economy and jobs the most important events for the past week Asian

Issued a set of economic data in the Asian region, some of which came influential and unexpected differences in the quality of the data, as he came to achieve Japan's current account surplus expanded companions doubled the deficit in the trade balance as well as add functionality in the Australian economy is also expected.
Where he achieved Japan's current account for the month of August a surplus of 454.7 billion yen, but at the same time came the trade balance reached a deficit higher than expected during August also a deficit of 644.5 billion yen. Which sets monetary policy makers in Japan in trouble for the necessity of further monetary stimulus measures especially after Japan's central bank cut its assessment of the country's economy recently.
In the meantime, we find that in spite of widening current account surplus but that the value of the trade deficit deepened in August due to a drop in exports by 5.8%. Affected decline in global demand levels as well as the direct impact of the crisis between China and Japan, which may cost the two big losses at the level of trade turnover between the two countries.
In the meantime, jobs data came unexpected for Australia to Australian economy adds 14.5 thousand jobs during September at a rate greater than three times expectations. Which is a positive factor for the labor market and employment in Australia. Especially in light of the suffering of the global economy declined and there is no doubt that the decision to cut interest rates in Australia recently worked on creating a state of activity and raise the level of spending.
On the other hand, and despite the positive these rates but they are not sufficient during this period and only what we found Bank of Australia cut interest rates for the advancement of the economy and compensate affected negative for the mining sector of Australia to saw weaker demand and a decline in the prices of mineral resources due to the deteriorating demand by China. In addition, we refer to the outlook, where we find that the major mining companies in Australia deliberately to reduce costs during this period and that could be in the form of reducing the level of employment as well as the retreat from expansion projects due to the drop in China's economy.

Attention was focused on the results of the EU summit

So far markets await European summit to be held on 18-19 of this month, and in a state of uncertainty, which controls the market with the absence of any serious decisions about access to new radical solution to the sovereign debt crisis of the three-year-old so far.
Priority themes in the markets and that he hopes will be discussed during the summit is the Is it possible to formally request Spain international assistance during the summit, especially after the downgrade of the long-term sovereign debt as well as short-term.
Even now represent Spain axis investor interest, particularly as it is closest to ask for help, but so far the government still reluctant to ask for help and to undergo Terms international lenders and if reports that Spain may not be able interview target deficit reduction during the next two years, depending on the statements IMF .
We also expect this week the markets reaction when Spain introduced bills for 2015, 2016 and 2022 bonds means for three and ten years and therefore will be to focus on the return on bonds.
Also one of the important topics that will be discussed during the summit European project to establish "EBU" and consolidation of fiscal policy for the euro zone countries next to direct funding to banks through the mechanism of the European Stability Fund.
On the other side is still Greece is also one of the priorities that may be raised during the summit, especially with the resumption of talks between the Greek government and international lenders - the International Monetary Fund and the European Union and the European Central Bank - which is expected to be to reach an agreement on the size of the austerity plans and to be able to get the second tranche of aid.
Britain
Turning to land ownership, where us with the date of the sale of important economic data starting from the announcement of the inflation rate, which is expected to fall to 12-month period ending in September / September to 2.3% from 2.5% of reading previous and approaching the target level of the bank.
This comes back within the Bank forecasts that inflation pressures facing negative in the coming period to meet with the target level of 2% over the medium term.
While waiting to be announced Meeting Minutes monetary policy committee for the month of October / November, where the Bank has to maintain the same monetary policy unchanged to remain the interest rate at 0.5% and the asset purchase program worth 375 billion pounds and will therefore shows us the record over agreement the members of the Committee on monetary policy, especially with the end of spending the asset purchase program by next month.
It is worth mentioning that the Bank of England would prefer completion of the spending increase in the asset purchase program, as well as the impact of program funding for lending on the general economic situation and then evaluate the results and therefore determines its next destination.
This comes under the expansionist policy of the bank to cope with the recession, which hit the country, with more in the second quarter, recording -0.4%, followed by a contraction in the first quarter rate of -0.3%.
As seems to decline in price levels next to improved labor market data may have contributed to the support of retail sales.
Beginning were the labor market is expected to be released the unemployment rate for the three months ended in August / August is expected to demonstrate at 8.1% and unchanged from the previous reading, while expected to continue to grant requests decline in September / September by about 3 thousand request compared with the previous showed a decline amounted to 15 thousand request.
On the other hand is expected to improve retail sales recorded a growth of 0.6% in September / September compared to the previous reading which was a contraction of -0.2%.

A busy week U.S. investors awaited impatiently!

Receives U.S. economy weeks interesting bearing in store economic agenda of many important data very, while remains investors ready to receive more data, whether positive or negative tries investors know the status of the largest economy in the world in general to predict step Fed next, and generally able to economy is showing some signs of improvement, which may avoid Fed to do more easing in the coming period.
Investors can not only wait-and-see attitude for guiding the U.S. economy to perform according to data ?????? this week, especially after the third round of quantitative easing taken by the Fed at its last meeting, which is expected to bring a positive performance during the coming period, note that the Fed had pointed out that it is fully prepared to take further stimulus measures to support the economy in the event of labor sector remained facing many difficulties and pressures.
We have seen during the last period unemployment rate fell in the U.S. economy to 7.8% after the addition of the economy up to 114 thousand new jobs, but this does not mean that the labor sector is at best still suffers from many difficulties, Valtraja in the unemployment rate was caused by Parent is the reluctance of some elements of the workforce for applications which led him outside the boundaries of the workforce and accounts beyond the unemployment rate.
What Ntriqbh and markets now is the performance of the U.S. economy after a round of quantitative easing third and whether the economy needs more easing, and this is what raises the importance of economic data during the coming period as it will have great significance on the attitude of the federal political cash next, although he is not It is expected that the Fed any concessional such steps emergence of the effects of the third round of quantitative easing.
This week we will begin our journey with the industrial sector, are issuing read New York Manufacturing Index, which is expected to be the first positive signs for the economy this week with the possibility of improvement in the industrial sector in New York that reading up to -4.80 during the month of October compared to the previous reading at -10.41.
Knowing that he expected to improve industrial production across the country rose 0.2% during the month of September compared to negative retreat shown during the last month by -1.2%, and it is expected to improve the energy utilization rate in the same period to a rate of 78.3% compared to with previous levels at 78.2%.
While Bank of Philadelphia will at the end of the week released its annual report which relates to the industry and business sector, which is expected to show growth in reading up to 0.4 during the month of October compared to retreat shown during the last reading at -1.9.
And away from the industry, we will see this week's retail sales data, which is not expected to show improvement in general, it is expected that retail sales will continue to rise at a pace of up to 0.8% during the month of September compared to the previous levels of 0.9%, and that despite the improvement in consumer confidence levels that we saw last week, according to the University of Michigan Survey, which showed consumer confidence improved in October compared with the previous levels 78.00.
As for inflation, which did not pose any danger until now threatens the U.S. economy as the Fed has already indicated its complete dominance on the levels of inflation and spurred to take accommodative action without fear of price stability, it is expected to show some decline during the month of September to 0.5% compared to the previous levels of 0.6%.
However, they are expected to rise slightly at the annual up to 1.8% compared to the levels prior at 1.7%, but it is still below the levels of the bank target, which keeps the door easing open to federal which indicated that inflation is controlled and they do not pose any risk future of the U.S. economy.
And return to the labor sector, which is a cornerstone of the U.S. economy, which depends both rely on spending and consumption and that the multiplicity of labor raises the proportion of consumption and spending, no doubt, will be issued as usual numbers jobless claims for the week ending on the thirteenth of October, which is expected to rise to 365 thousand request after he had dropped last week to the lowest levels of February 2008 when 339 thousand request.
The continuing jobless claims for the week ending on the sixth of October may increase slightly to 3280 thousand request compared to previous levels 3273 A request for a subvention.
In view of the construction sector and the houses, which is a more sectors suffering in the U.S. economy after the 2008 crisis for the housing sector, which is still the U.S. Federal erase effects through continuous support to the sector, was a tour facilitation recent federal aimed mainly to support the housing sector for Fed by buying these mortgage-backed securities with a value of forty billion dollars a month in order to reduce the interest rate on mortgage loans.
This is expected to rise Housing Starts during last September to 770 thousand homes compared with last month, 750 thousand homes, to rise by 2.7% compared to the previous levels of 2.3%, while building permits may rise to 810 thousand compared to the previous levels permit 803 thousand. But is expected to decline ratio of selling houses located originally including -2.1% compared to the rise that Khqgueth month that Asabh when 7.8%.