Analytics, News, and Forecasts for CFD Markets: currency news — 01-11-2012.

• Inflation is and will remain about the Fed's target of 2%

• Consumer activity is growing at a moderate pace

• Housing sector is showing signs of improvement

• I want to see a drop in unemployment, an increase in the labor force

• The labor market can not be assessed only on the basis of a single indicator

• The labor market is difficult to measure

• The Fed wants to see a substantial improvement in the labor market

• Monetary policy is "very soft"

• Fed policy - is "an aggressive attack" on the weakness in the labor market

• Fed stimulus aims to put the economy on a sound footing

• Expect to see a "modest" growth, the gradual increase in employment

The UK's Debt Management Office announced Thursday that it sold Stg900 million of the 0.75% Mar 2047 index-linked Gilt, with a cover of 1.75 times and a real yield 0.294%.

EUR/USD $1.2900, $1.2915, $1.2965, $1.3000, $1.3100, $1.3120, $1.3130

USD/JPY Y80.00, Y79.50, Y79.35, Y79.30, Y79.25

EUR/JPY Y104.00, Y104.10

GBP/USD $1.6100, $1.6120

EUR/GBP stg0.8000

AUD/USD $1.0450, $1.0400, $1.0350, $1.0330, $1.0275

AUD/JPY Y82.20, Y82.60

After the ADP employment report for October, EUR / USD rose to 1.2966. The index fell by only 4 thousand from 162 thousand to 158 thousand, while analysts expected a decline to 135 thousand

Data on applications for unemployment benefits have been conflicting. Primary applications fell more than expected from 372 million (revised from 369 thousand) to 363 million (forecast 370 thousand), while repeated applications rose from 3,259 million (revised from 3.254 million) to 3,263 million . (forecast 3.250 million). increased from 33,816 thousand to 47,724 thousand

Couple updated intraday high 1.2982 and is now trading at at 1.2970 after data on the index of business activity in the manufacturing sector, which slightly fell short of projections (October 51.0, forecast 51.5)

EUR/USD

Offers $1.3040/50, $1.3010/25, $1.2980 

Bids $1.2925/20, $1.2900, $1.2885/80, $1.2850, $1.2815/00

 07:00 United Kingdom Nationwide house price index October -0.4% +0.2% +0.6%

07:00 United Kingdom Nationwide house price index, y/y October -1.4% -1.2% -0.9%
08:15 Switzerland Retail Sales Y/Y September +5.9% +6.4% +5.4%
08:30 Switzerland Manufacturing PMI October 43.6 44.6 46.1
09:30 United Kingdom Purchasing Manager Index Manufacturing October 48.4 48.1 47.5
 

The euro fell in early European session against the dollar amid media reports that Spain intends to extend the ban on short selling for 3 more months - it indicates that the authorities are still trying to restore confidence in the domestic market.

Greek PMI in the manufacturing sector declined in October from 42.1 to 41.0.

Later the euro rebounded on expectations of statistics from the United States, including the manufacturing ISM, apply for unemployment benefits and consumer confidence.

The Swiss franc fell against the dollar after the release of statistics. Swiss PMI rose from 43.6 to 46.1 (forecast 44.5). Swiss retail sales fell from +6.0% to +5.4% in September (forecast +4.2%).

Pound is rising against the dollar despite the fact that in October, the British PMI in the manufacturing sector fell to 45.7 against 48.1 the previous month, as reported today by the agency Markit. Analysts had expected the rate will remain unchanged.

Yen is approaching a minimum of four months against the dollar sales by Japanese importers and worsening forecasts for the Japanese economy. Recent data from Japan, including quarterly reports of companies, disappointing, and analysts expect coming Nov. 11 report on third quarter GDP will decrease it. Yen drops on the eve of tomorrow's publication of minutes of meetings of the Bank of Japan, which was held October 4-5. It is expected that the document will be discussed further easing of monetary policy by the central bank.

The Australian dollar rose to a two-week high after PMI index in the industry of the PRC in October exceeded the critical level of 50%. So in October, the index of purchasing managers in the Chinese industry has grown over September to 50.2%. This is reported by the State Department of Statistics of China and the China Federation of Logistics and Purchasing. Experts note that the gradual recovery of PMI index indicates a possible restoration of economic growth in China. The index measures changes in business activity in the sector of the economy, its value is less than 50% indicates a decline in activity, more than 50% - of its growth, values ​​close to 50%, say stagnation.

EUR / USD: during the European session the  pair updated low $ 1.2924 and then recovered in the area of ​​$ 1.2965

GBP / USD: during the European session the pair updated high of $ 1.6175

USD / JPY: during the European session the pair fell to Y79.91

EUR/USD $1.2900, $1.2915, $1.3000, $1.3100, $1.3130

USD/JPY Y79.50, Y79.30, Y79.25

EUR/JPY Y104.00

GBP/USD $1.6100, $1.6120

EUR/GBP stg0.8000, stg0.8150

AUD/USD $1.0275

AUD/JPY Y82.20

Yesterday the euro rose for a second day versus and yen as European governments pressed Greece to make deeper spending cuts to keep aid flowing as they pushed to resolve the region’s three-year-old sovereign-debt crisis.

The 17-nation currency earlier erased a gain against the dollar after German Finance Minister Wolfgang Schaeuble said the timely payment of Greece’s next tranche of aid was “ambitious.” It strengthened earlier against most of its 16 major peers before Portuguese lawmakers hold an initial vote tomorrow on the 2013 budget proposal.

With Greece pleading for a 31 billion-euro ($40 billion) aid payout in November and facing a sixth year of recession in 2013, euro finance ministers said unfreezing loans for the country required more efforts in Athens to rein in the budget deficit and deregulate the economy.

The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against the currencies of six U.S. trading partners, was little changed at 79.897.

U.S. stock markets erased an earlier gain as trading resumed after a two-day shutdown for Hurricane Sandy, which broke up over Pennsylvania after battering the East Coast since Oct. 29.

The pound strengthened for a second day against the dollar amid speculation the Bank of England will refrain from adding monetary stimulus to the economy when it meets next week. The central bank will announce on Nov. 8 whether to increase its target for asset purchases, or quantitative easing, from 375 billion pounds ($604 billion) after data last week showed gross domestic product expanded 1 percent last quarter as the economy emerged from a recession.

The Canadian dollar fell after the August 2012 Canadian GDP unexpectedly fell by 0.1% compared to 0.2% in July. Governor of the Bank of Canada Carney reiterated that "eventually" may need to raise interest rates.

00:30 Australia Import Price Index, q/q Quarter III +2.4% -1.0% -2.4%

00:30 Australia Export Price Index, q/q Quarter III +1.0% -6.4% -6.4%

01:00 China Manufacturing PMI October 49.8 50.3 50.2

02:30 China HSBC Manufacturing PMI (finally) October 49.1 49.1 49.5

05:30 Australia RBA Commodity prices, y/y October -14.9% -16.0%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,2956 -0,05%

GBP/USD $1,6130 +0,32%

USD/CHF Chf0,9316 -0,04%

USD/JPY Y79,80 +0,26%

EUR/JPY Y103,38 +0,21%

GBP/JPY Y128,69 +0,57%

AUD/USD $1,0375 +0,11%

NZD/USD $0,8223 +0,15%

USD/CAD C$1,0000 +0,10%

00:30 Australia Import Price Index, q/q Quarter III +2.4% -1.0% -2.4%

00:30 Australia Export Price Index, q/q Quarter III +1.0% -6.4% -6.4%

01:00 China Manufacturing PMI October 49.8 50.3 50.2

02:30 China HSBC Manufacturing PMI (finally) October 49.1 49.1 49.5

05:30 Australia RBA Commodity prices, y/y October -14.9%

07:00 United Kingdom Nationwide house price index October -0.4% +0.2%

07:00 United Kingdom Nationwide house price index, y/y October -1.4% -1.2%

08:15 Switzerland Retail Sales Y/Y September +5.9% +6.4%

08:30 Switzerland Manufacturing PMI October 43.6 44.6

09:30 United Kingdom Purchasing Manager Index Manufacturing October 48.4 48.1

12:15 U.S. ADP Employment Report October 162 139

12:30 U.S. Initial Jobless Claims - 369 371

12:30 U.S. Nonfarm Productivity, q/q (preliminary) Quarter III +2.2% +1.3%

13:00 U.S. Manufacturing PMI (finally) October 51.3 51.5

14:00 U.S. Consumer confidence October 70.3 72.4

14:00 U.S. ISM Manufacturing October 51.5 51.2

14:00 U.S. Construction Spending, m/m September -0.6% +0.7%

15:00 U.S. Crude Oil Inventories - +5.9

16:30 U.S. FOMC Member Dennis Lockhart Speaks -

23:50 Japan Monetary Policy Meeting Minutes -