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Analytics, News, and Forecasts for CFD Markets: currency news — 03-10-2012.
The dollar rose against most of its major peers as investors seeking a refuge from signs of slower global growth ignored U.S. reports showing the service industries and private employment expanded more than forecast. Private employers in the U.S. increased payrolls by 162,000 workers in September following a revised 189,000 jump in August, figures from Roseland, New Jersey-based ADP Employer Services showed. The median forecast of 38 economists surveyed by Bloomberg projected a 140,000 advance.
Australia’s dollar slid to the least in almost a month after the nation had its widest trade deficit since 2008 and data showed China’s services industry expanded the least in more than a year.
The euro was little changed versus the greenback after a report showed the region’s services and manufacturing shrank. A composite index based on a survey of euro-area services and manufacturing purchasing managers fell to 46.1 from 46.3 in August, London-based Markit Economics said today. That’s above an initial estimate of 45.9 published on Sept. 20. A reading below 50 indicates contraction.
EUR/USD $1.2750, $1.2800, $1.2850, $1.2925, $1.3000
USD/JPY Y77.40, Y77.60, Y78.00, Y78.25
GBP/USD $1.6300
EUR/JPY Y10025, Y101.50
AUD/USD $1.0300, $1.0385, $1.0400, $1.0425
USD/CAD C$0.9900Data
00:00 China Bank holiday -
01:00 China Non-Manufacturing PMI September 56.3 53.7
01:00 Australia HIA New Home Sales, m/m August -5.6% -5.3%
01:30 Australia Trade Balance August -0.56 -0.62 -2.03
06:00 Germany Bank holiday -
07:50 France Services PMI (finally) September 46.1 46.1 45.0
07:55 Germany Services PMI (finally) September 50.6 50.6 49.7
08:00 Eurozone Services PMI (finally) September 46.0 46.0 46.1
08:30 United Kingdom Purchasing Manager Index Services September 53.7 53.1 52.2
09:00 Eurozone Retail Sales (MoM) August -0.2% 0.0% +0.1%
09:00 Eurozone Retail Sales (YoY) August -1.7% -1.9% -1.3%
The euro rose against the dollar, as the report showed that the index of business activity in the services sector and retail sales unexpectedly rose, topping with analysts' expectations. The single currency rose against all 16 major currencies due to the fact that market participants are waiting for press conference of the ECB, which will be held tomorrow. Also pressure on the pair has what tomorrow will feature minutes of the meeting FOMC, which can seriously affect the mood of the market and cause sharp fluctuations in exchange rates.
The Australian dollar fell almost to the lowest level in the last month, after data showed that the trade deficit increased, registering with the highest level since 2008. It is learned that the country's trade deficit in August was almost three times greater than the median forecast of economists. Imports exceeded exports by $ 2.03 billion ($ 2.07 billion) in August from a revised July deficit of $ 1.53 billion decline was also supported by the data which was released in China, according to which the index of activity in the non-manufacturing sector showed the weakest growth growth since March 2011.
The dollar index, which is the U.S. currency against six major trading partner currencies was 79.751, after falling by 0.2% over the past two days.
Yen continued its three-day decline against the dollar ahead of a meeting of the Bank of Japan, which will be held tomorrow.
EUR / USD: pair rose to $ 1.2938, but was unable to hold out, and it fell, and is now trading at $ 1.2904
GBP / USD: the pair decreased to $ 1.6083, but was able to recover and is now at $ 1.6112
USD / JPY: the pair is trading with an increase, setting all-time high at Y78.31
At 12:15 GMT the U.S. will publish data on the change in the number of employees from ADP in September. At 14:00 GMT the U.S. will composite index ISM non-manufacturing areas in September. At 14:30 GMT the United States will present data on stocks of crude oil from the Department of Energy. At 18:00 GMT the U.S. will be publication of the minutes of the Fed meeting in September. At 22:00 GMT New Zealand will release a sentiment indicator of the business environment of the NZIER Q3. At 23:30 GMT Australia is to publish the index of activity in the service of the AiG in September.
EUR/USD
Offers $1.2990/300, $1.2970/80, $1.2940/50
Bids $1.2893, $1.2860/50, $1.2835/30
GBP/USD
Offers $1.6310, $1.6200/10, $1.6160/65
Bids $1.6085/80, $1.6050, $1.6035/30, $1.6000
AUD/USD
Offers $1.0315/20, $1.0300, $1.0280, $1.0250
Bids $1.0175, $1.0150
EUR/GBP
Offers stg0.8070/80, stg0.8035/45, stg0.8025
Bids stg0.7945/40, stg0.7885/80, stg0.7860/50
EUR/JPY
Offers Y102.20, Y102.00, Y101.50, Y101.20/30
Bids Y100.50, Y100.40, Y100.20, Y100.00, Y99.80
USD/JPY
Offers Y79.00, Y78.70, Y78.50, Y78.40
Bids Y78.00, Y77.90, Y77.80/70, Y77.40/35
EUR/USD $1.2750, $1.2800, $1.2850, $1.2925, $1.3000
USD/JPY Y77.40, Y77.60, Y78.00, Y78.25
GBP/USD $1.6300
EUR/JPY Y10025, Y101.50
AUD/USD $1.0300, $1.0385, $1.0400, $1.0425
USD/CAD C$0.9900
The euro rose to $ 1.2930. The nearest resistance - $ 1.2975 (Sept 24 high)
01:00 China Non-Manufacturing PMI September 56.3 53.7
01:00 Australia HIA New Home Sales, m/m August -5.6% -5.3%
01:30 Australia Trade Balance August -0.56 -0.62 -2.03
The euro approached a three-week low against the dollar on expectations that signs of an economic slowdown in Europe will increase pressure on the European Central Bank, which at the next meeting on Thursday to consider new steps can mitigate.
Recall that this week ahead of the ECB meeting will be held, the Bank of England and Bank of Japan.
The pressure on the euro remains in connection with the position of the Prime Minister of Spain, Mariano Raho, who made it clear that the country is now the European Union will not ask for help. Investors are eagerly waiting for the Spanish government requested financial support from the European Union, as it will allow the European Central Bank to start buying bonds of Spain.
In the rating agency Moody's said that the analysis of Spain's sovereign debt rating will be completed by the end of October. At the moment, according to Moody's, Spain ranks Baa3, which is the lowest rating, a certain agency. Loss of one stage will mean that Moody's first of the three major rating agencies downgraded Spain to "junk."
The focus is on Wednesday ADP report on employment in the United States and data from the Institute for Supply Management (ISM) for the non-manufacturing sector.
The Australian dollar fell amid evidence that Australia's trade deficit in August was more than expected, and reached 2.027 billion Australian dollars. July figure was revised up to 1.530 billion Australian dollars. Analysts had expected that, given the seasonally adjusted trade deficit of Australia in August will be 685 million Australian dollars.
Recall that the Reserve Bank of Australia on Tuesday decided to lowering key interest rates by a quarter percentage point to 3.25%, which led to an immediate weakening of the national currency.
EUR / USD: during the Asian session the pair fell to $ 1.2876.
GBP / USD: during the Asian session the pair fell to $ 1.6083.
USD / JPY: during the Asian session the pair dropped to Y78.11
At 07:50 GMT France will release PMI index for the services sector in September. At 07:55 GMT Germany will provide PMI index for the services sector in September. At 08:00 GMT the euro area index will be released for the services sector PMI for September and the composite PMI index for September. At 08:30 GMT the UK will provide PMI index for the services sector in September. At 09:00 GMT the UK will hold parliamentary hearings on inflation in Q3. At the same time declares Eurozone Retail Sales for August. At 12:15 GMT the U.S. will publish data on the change in the number of employees from ADP in September. At 14:00 GMT the U.S. will composite index ISM non-manufacturing areas in September. At 14:30 GMT the United States will present data on stocks of crude oil from the Department of Energy. At 18:00 GMT the U.S. will be publication of the minutes of the Fed meeting in September. At 22:00 GMT New Zealand will release a sentiment indicator of the business environment of the NZIER Q3. At 23:30 GMT Australia is to publish the index of activity in the service of the AiG in September.
The euro gained versus the dollar for a second day as speculation persisted that Spain will eventually seek a bailout even after Prime Minister Mariano Rajoy said a request for rescue funds is not imminent. Spain’s Rajoy said today he has no plans to request a bailout soon, fending off mounting speculation that a bid was near. Asked at a press conference in Madrid if a bailout request was imminent, Rajoy said: “No.”
The yen fell versus most major currencies on bets Japan may act to weaken the currency, while the euro rose as Spanish and Italian bonds advanced before the European Central Bank meets Oct. 4. The Frankfurt-based ECB will keep its main refinancing rate unchanged at a record low 0.75 percent at this week’s meeting and will reduce it by the end of the year, a Bloomberg survey of economists forecast.
Australia’s dollar slid to a three- week low against its U.S. peer after the Reserve Bank of Australia unexpectedly cut its benchmark interest rate. RBA Governor Glenn Stevens and his board cut Australia’s overnight cash-rate target by a quarter-percentage point to 3.25 percent, the central bank said in a statement in Sydney today. It’s the lowest level since 2009.
New Zealand’s dollar gained versus most major peers after a report showed commodity export prices advanced last month, buoying the currency. ANZ National Bank Ltd.’s price index advanced 3.5 percent to 263 in September, its highest level since April.
The pair updated session low $ 1.0203
/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2916 +0,23%
GBP/USD $1,6129 0,00%
USD/CHF Chf0,9363 -0,21%
USD/JPY Y78,17 +0,23%
EUR/JPY Y100,96 +0,45%
GBP/JPY Y126,07 +0,22%
AUD/USD $1,0261 -0,92%
NZD/USD $0,8263 -0,18%
USD/CAD C$0,9840 +0,21%
00:00 China Bank holiday -
01:00 China Non-Manufacturing PMI September 56.3 53.7
01:00 Australia HIA New Home Sales, m/m August -5.6% -5.3%
01:30 Australia Trade Balance August -0.56 -0.62 -2.03
06:00 Germany Bank holiday -
07:00 United Kingdom Halifax house price index September -0.4% +0.2%
07:00 United Kingdom Halifax house price index 3m Y/Y September -0.9% -0.9%
07:50 France Services PMI (finally) September 46.1 46.1
07:55 Germany Services PMI (finally) September 50.6 50.6
08:00 Eurozone Services PMI (finally) September 46.0 46.0
08:30 United Kingdom Purchasing Manager Index Services September 53.7 53.1
09:00 Eurozone Retail Sales (MoM) August -0.2% 0.0%
09:00 Eurozone Retail Sales (YoY) August -1.7% -1.9%
12:15 U.S. ADP Employment Report September 201 148
14:00 U.S. ISM Non-Manufacturing September 53.7 53.4
14:30 U.S. Crude Oil Inventories - -2.4
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