Analytics, News, and Forecasts for CFD Markets: currency news — 04-01-2013.

EUR/USD $1.2900, $1.3100, $1.3200, $1.3285

EUR/GBP stg0.8100

AUD/USD $1.0400

USD/JPY Y86.00, Y86.50

GBP/USD $1.6200

07:00Germany Retail sales, real adjustedNovember -1.3% +0.9%+1.2%

07:00Germany Retail sales, real unadjusted, y/yNovember -0.8% -1.6%-0.9%

08:50France Services PMI(finally)December 46.046.045.2

08:55Germany Services PMI(finally)December 52.152.152.0

09:00Eurozone Services PMI(finally)December 47.847.847.8

09:30United Kingdom Purchasing Manager Index ServicesDecember 50.250.448.9

09:30United Kingdom Net Lending to Individuals, blnNovember -0.30.4-0.1

09:30United Kingdom Mortgage ApprovalsNovember 53.054.254.0

10:00Eurozone Harmonized CPI, Y/YNovember +2.2%+2.1%+2.2%

The dollar strengthened the most in seven weeks against the yen on speculation improving U.S. employment data will encourage policy makers to bring an early end to asset purchases.

The U.S. currency strengthened through $1.30 per euro for the first time in three weeks after Federal Reserve minutes showed policy makers may end their $85 billion monthly bond purchases this year, halting a program that tends to debase the greenback.

A few members of the Federal Open Market Committee said “ongoing asset purchases would likely be warranted until about the end of 2013,” minutes of the Dec. 11-12 meeting released yesterday showed. “Several others thought that it would probably be appropriate to slow or to stop purchases well before the end of 2013.”

The yen dropped beyond 88 per dollar for the first time since July 2010 amid speculation the Bank of Japan will boost money supply to end deflation.

The yen headed for an eighth week of losses against the dollar, tumbling 2.7 percent since Dec. 28. Even so, it is still about 15 percent above its 10-year average of 101.22 per dollar.

Japan’s newly installed Prime Minister Shinzo Abe said on Jan. 1 the most urgent issue for his country was to break out of currency appreciation and deflation. “Bold” monetary policy is one of the three prongs of his economic measures, he said.

The Bank of Japan  will hold its first policy meeting this year on Jan. 21-22 after expanding its asset-purchase program by 10 trillion yen at its previous gathering on Dec. 20.

The pound fell after the December UK PMI services sector returned to negative territory, falling from 50.2 to 48.9 vs. 50.5. Data on money supply and lending individuals also were worse than expected, showing a decline of 0.2%, and £ 0.1 billion respectively. Consumer lending increased by £ 0.1 billion

EUR / USD: during the European session the pair fell to a new intraday low of $ 1.2996

GBP / USD: during the European session the pair fell to a new intraday low of $ 1.6008

USD / JPY: during the European session, the pair rose to a new intraday high of Y88.40

At 13:30 GMT, Canada will release the unemployment rate, changes in the number of employees, including full and part-time jobs in December, the index of commodity prices for November. In the U.S. at 13:30 GMT will the unemployment rate, changes in the number of people employed in non-agricultural sector, changes in the number of employees in the private sector of the economy, changes in the number of employees in the manufacturing sector of the economy, the change in average hourly wages, 15:00 GMT - ISM composite index for unproductive for December, changes in the volume of industrial orders for November at 16:00 GMT - data on stocks of crude oil from the Department of Energy. At 18:15 GMT a speech member FOMC Charles Plosser, 20:30 GMT and will speak member FOMC member FOMC Janet Yellen.

EUR/USD

Offers   $1.3150, $1.3100, $1.3035/40

Bids   $1.2990, $1.2950, $1.2930/25

GBP/USD

Offers   $1.6150, $1.6135/40, $1.6100,  $1.6045/50

Bids  $1.6000, $1.5950, $1.5910/00

AUD/USD

Offers  $1.0550, $1.0500, $1.0480, $1.0440/45

Bids   $1.0380, $1.0350, $1.0300

EUR/JPY

Offers   Y116.00, Y115.50, Y115.20, Y115.00

Bids   Y114.45/40, Y114.00, Y113.50, Y113.20, Y113.00

USD/JPY

Offers  Y90.00, Y89.50, Y89.00, Y88.50

Bids  Y87.75/70, Y87.40, Y87.00, Y86.55/50, Y86.20

EUR/GBP

Offers  stg0.8200/05, stg0.8170/80, stg0.8150

Bids   stg0.8050, stg0.8020

EUR/USD $1.2900, $1.3100, $1.3200, $1.3285

EUR/GBP stg0.8100

AUD/USD $1.0400

USD/JPY Y86.00, Y86.50

GBP/USD $1.6200

Yesterday the dollar has increased significantly while still achieving a three-week high against the euro. This evolution was triggered by the fact that many market participants are awaiting adoption by American lawmakers agreement, which will help to increase public debt limit.

Value of the yen rose against the euro and the dollar on concern that in February and March the U.S. Treasury exhausts its "extraordinary resources" in the amount of 200 billion dollars, which will be used to finance the preservation of the government. Recall that the 31 December 2012 the country has reached its debt ceiling, which is $ 16,400 billion

The dollar index (DXY), which is used to track the value of the dollar against the currencies of six U.S. partner, has reached three-week high, rising at the same time by 0.5% (to 80.229).

At the same time, economists Royal Bank of Scotland Group Plc said that according to their forecasts, the U.S. currency fell to the end of the year to $ 1.19 per euro by year-end.

Meanwhile, according to JPMorgan, the index currency G7, which is calculated as the average of the last three months, fell to 7.54, while reaching its lowest level since Dec. 21. Note that the decline makes investments in currencies with higher interest rates more attractive. Note that last year the average value of the index was 9.23.

The Australian dollar has returned all its previously lost ground against the U.S. dollar after a report showed U.S. private company in December added more jobs than expected in December. Note that, according to data from ADP, the number of workers increased by 215,000, from a revised upward rate in November at 148,000, as well as the expectations at around 140,000.

01:45China HSBC Services PMIDecember 52.150.6

The yen extended its longest weekly losing streak since 1989 against the dollar before U.S. data forecast to show hiring increased the most in four months. U.S. Labor Department data may show today that nonfarm payrolls rose by 153,000 last month, the most since August, according to the median estimate of economists surveyed by Bloomberg News. The report will follow figures from the ADP Research Institute yesterday showing companies in the U.S. added 215,000 workers in December, exceeding the 140,000 increase forecast by economists.

The U.S. currency rose for a third day versus the euro after minutes of the Federal Reserve’s last meeting showed policy makers may end their $85 billion monthly bond purchases this year, halting a program that tends to debase the greenback. A few members of the Federal Open Market Committee “expressed the view that ongoing asset purchases would likely be warranted until about the end of 2013,” minutes of their Dec. 11-12 meeting showed yesterday. “Several others thought that it would probably be appropriate to slow or to stop purchases well before the end of 2013, citing concerns about financial stability or the size of the balance sheet.” At that meeting, the FOMC announced Treasury purchases of $45 billion a month in addition to $40 billion a month of mortgage-debt purchases begun in September.

Australia’s dollar weakened against most of its 16 major counterparts after service-industry indexes for Australia and China dropped in December. HSBC Holdings Plc and Markit Economics said today a purchasing managers’ index of Chinese non-manufacturing industries fell to 51.7 from 52.1 in November. A separate report from Commonwealth Bank of Australia (CBA) and the Australian Industry Group showed their gauge for the nation’s services industry decreased to 43.2 from 47.1. Readings below 50 signal contraction for both indexes.

EUR / USD: during the Asian session the pair fell to $ 1.3020.

GBP / USD: during the Asian session the pair fell to $ 1.6055.

USD / JPY: during the Asian session, the pair rose to Y87.85.

European data for Friday starts at 0700GMT when German retail sales area expected to come in at 0.4% m/m, -0.4% y/y. Friday also sees the Services PMI data from Europe, including Spain at 0813GMT and Italy at 0843GMT, with final details from France at 0848GMT, Germany at 0853GMT and the EMU number at 0858GMT. Data then continues at 1000GMT with flash HICP, which is expected to come in at 2.2%. UK data sees the CIPS/Markit Services PMI at 0930GMT along with House Purchase Approvals, Net Mortgage Lending, Consumer Credit and also M4 data. US data starts with the main event for Friday, as nonfarm payrolls are forecast to rise by 150,000 in December after increasing by 146,000 in November while the unemployment rate is expected to hold steady at 7.7%. Hourly earnings are forecast to increase 0.1%, while the average workweek is expected to remain at 34.4 hours. US data at 1500GMT includes the ISM Non-Manufacturing Index and Factory Orders data.

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

EUR/USD$1,3048 -1,10%

GBP/USD $1,6105 -0,92%

USD/CHF Chf0,9266 +0,96%

USD/JPY Y87,24 -0,11%

EUR/JPY Y113,83 -1,17%

GBP/JPY Y140,48 -1,04%

AUD/USD $1,0466 -0,35%

NZD/USD $0,8280 -0,74%

USD/CAD C$0,9874 +0,26%

01:45China HSBC Services PMIDecember 52.150.6

07:00Germany Retail sales, real adjustedNovember -2.8%+0.9%

07:00Germany Retail sales, real unadjusted, y/yNovember -0.8%-1.6%

08:00United Kingdom Halifax house price indexDecember 0.0%+0.1%

08:00United Kingdom Halifax house price index 3m Y/YDecember -1.2%

08:50France Services PMI(finally)December 46.046.0

08:55Germany Services PMI(finally)December 52.152.1

09:00Eurozone Services PMI(finally)December 47.847.8

09:30United Kingdom Purchasing Manager Index ServicesDecember 50.250.4

09:30United Kingdom Net Lending to Individuals, blnNovember -0.30.4

09:30United Kingdom Mortgage ApprovalsNovember 53.054.2

10:00Eurozone Harmonized CPI, Y/YNovember +2.2%+2.1%

13:30Canada Unemployment rateDecember 7.2%7.3%

13:30Canada EmploymentDecember 59.30.0

13:30Canada Raw Material Price IndexNovember 0.0%-0.9%

13:30Canada Industrial product prices, m/mNovember -0.1%-0.1%

13:30U.S. Unemployment RateDecember 7.7%7.7%

13:30U.S. Nonfarm PayrollsDecember 146145

13:30U.S. Average hourly earningsDecember +0.2%+0.2%

13:30U.S. Average workweekDecember 34.434.4

15:00U.S. ISM Non-ManufacturingDecember 54.754.3

15:00U.S. Factory OrdersNovember +0.8%+0.4%

16:00U.S. Crude Oil Inventories- -0.6

18:15U.S. FOMC Member Charles Plosser Speaks-

20:30U.S. FOMC Member Yellen Speaks-