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Analytics, News, and Forecasts for CFD Markets: currency news — 04-10-2012.
Leaders are considering changes to the approach to further guide
Many managers prefer digital thresholds for management
Most managers believe that the flexibility of the plan easing helps manage risk
Most managers believe that the principle of digital management can provide greater clarity
Leaders expect the recovery gain momentum in the years 2013-15
It is expected that the drought in the Midwest will put pressure on the U.S. economy
Many believe that the situation in Europe and the fiscal problems the United States have a negative impact on trust
Continuing problems hinder the pace of recovery
Leaders see significant downside risks to the economic outlook
Managers do not expect a significant reduction in unemployment in 2012
In the residential sector, there are signs of improvement
Fiscal policy and spending cuts in the United States put pressure on the economy
The leaders are watching still unfavorable situation on the labor market
The euro rose for a sixth day versus the yen, the longest run since March, as European Central Bank President Mario Draghi said the currency was irreversible and the ECB’s decision to start buying bonds helped ease tensions.
The 17-nation currency gained the most in almost three weeks versus the dollar after Draghi said the ECB was ready to start buying government bonds from nations such as Spain as soon as the necessary conditions are met.
The ECB is ready to undertake bond purchases under its plan known as Outright Monetary Transactions “once all the prerequisites are in place,” Draghi said at a press conference in Ljubljana, Slovenia. At last month’s conference, Draghi unveiled a program of unlimited debt buying to cap borrowing costs for debt-ridden nations.
The ECB left its benchmark rate at a record low of 0.75 percent.
Spain sold a combined 3.99 billion euros ($5.19 billion) of two-, three-and five-year notes today as investors debated whether the nation will ask for an international bailout. Prime Minister Mariano Rajoy this week denied he has any immediate plans to do so.
The greenback stayed lower versus most major peers as claims for U.S. jobless benefits rose less than forecast, encouraging investors to buy higher- returning assets. U.S. Labor Department data showed applications for jobless benefits increased 4,000 to 367,000 in the week ended Sept. 29. A survey forecast 370,000 claims.
The pound strengthened versus the dollar after the Bank of England left its asset-purchase target at 375 billion pounds ($604 billion) at its monthly gathering. The central bank kept its main interest rate at a record-low 0.5 percent.
Пара обновила внутридневной максимум $1.3012, закрепившись выше отметки $1.3000 в ожидании публикации протоколов FOMC
EUR/USD $1.2900, $1.3000
USD/JPY Y78.80, Y78.50, Y78.35, Y78.15
EUR/JPY Y100.00, Y102.00
EUR/GBP stg0.8000, stg0.8050
AUD/USD $1.0400, $1.0450
AUD/NZD NZ$1.2575
The decision to OMT helped to ease tensions in recent weeks
Tensions in the financial markets is putting pressure on the mood
Economic growth will remain weak
Inflation expectations remain subdued
Monetary growth remains subdued
The harmonized index of consumer prices will match price stability in the medium term
Inflation will remain above 2% in 2012, but will fall below 2% in 2013
You should ensure that policy transmission in the euro area
Now it is important that governments continue to deal with imbalances
OMT provides effective protection against negative scenarios
The ECB is independent
ECB adheres mandate
The Governing Council is committed to ensuring the unified character of the monetary policy
Data
00:00 China Bank holiday -
01:30 Australia Building Permits, m/m August -21.2% +4.8% +6.4%
01:30 Australia Building Permits, y/y August -10.6% -14.3% -15.4%
01:30 Australia Retail sales (MoM) August -0.8% +0.5% +0.2%
01:30 Australia Retail Sales Y/Y August +3.5% +3.2%
07:00 United Kingdom Halifax house price index September -0.4% +0.2% -0.4%
07:00 United Kingdom Halifax house price index 3m Y/Y September -0.9% -0.9% -1.2%
11:00 United Kingdom Asset Purchase Facility - 375 375 375
11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50% 0.50%
11:00 United Kingdom MPC Rate Statement -
11:45 Eurozone ECB Interest Rate Decision - 0.75% 0.75% 0.75%
The pound strengthened against the dollar, up from more than three-week low, which it reached yesterday on the background of the fact that the Bank of England decided to keep the size of the program of asset purchases at 375 billion pounds.
Sterling fell for a fifth day against the euro, its lowest level in almost two weeks. The central bank also kept its key interest rate at a record low of 0.5%.
Also today, the research from Halifax showed that house prices in the UK fell in September, noting in this third consecutive monthly decline. Survey also showed that prices are expected to remain generally stable during the rest of the year and in 2013.
Euro rose against the U.S. dollar against the publication of the ECB decision on the base rate, which remained at a record low - 0.75% per annum. In addition, growth was sustained performance of auctions of debt securities in Spain. As it became known, the country sold bonds worth 3.992 billion euros at the planned 3 billion - 4 billion. Spain, which is considered a prime candidate for help, still delay seeking international support.
Demand for the dollar was limited ahead of today's publication of the minutes of the Federal Reserve on September 13, when the Fed chief has announced the third round of quantitative easing, which leads to a reduction in price of the dollar.
Australian dollar in the early session, fell to four-week low after the publication of disappointing data on retail sales in the country. The index is only partially corrected the July drop and you still do not live up to expectations (+0.2% m / m vs. 0.4% m / m, and before. -0.8% M / m). Another report released today also does not change the gloomy assessments of the prospects of the market housing in Australia, showing that in August, building permits increased by 6.4% m / m, but fell by 15.4% y / y vs. +4, 7% m / m, -14.3% y / y
EUR / USD: pair set high at $ 1.2970, near which now trades
GBP / USD: a pair of mid-session shows sremitelny growth utsanoviv high at $ 1.6132, but now retreated slightly to $ 1.6108
USD / JPY: the pair is trading with an increase, setting all-time high at Y78.72
At 12:30 GMT the euro area will be the monthly press conference of the ECB. At 12:30 GMT the United States will report on the number of initial claims for unemployment insurance and the number of repeated applications for unemployment benefits. At 14:00 GMT in Canada comes from the PMI index Ivey (seasonally adjusted) in September. At 14:00 GMT the United States will provide data on changes in the volume of industrial orders in August. At 14:00 GMT, Canada will release from the Ivey PMI index for September.
EUR/USD
Offers $1.3020, $1.2990/300, $1.2970/80
Bids $1.2890, $1.2850, $1.2835/30
GBP/USD
Offers $1.6310, $1.6250, $1.6200/10, $1.6160/65, $1.6140/50
Bids $1.6080, $1.6050, $1.6035/30, $1.6000
AUD/USD
Offers $1.0315/20, $1.0300, $1.0280, $1.0250
Bids $1.0200, $1.0175, $1.0150
EUR/GBP
Offers stg0.8070/80, stg0.8040/45
Bids stg0.7980/75, stg0.7945/40, stg0.7885/80
EUR/JPY
Offers Y102.50, Y102.20, Y102.00
Bids Y101.00, Y100.80, Y100.50
USD/JPY
Offers Y79.50, Y79.20, Y79.00
Bids Y78.20, Y78.00, Y77.90, Y77.80/70
EUR/USD $1.2900, $1.3000
USD/JPY Y78.80, Y78.50, Y78.35, Y78.15
EUR/JPY Y100.00, Y102.00
EUR/GBP stg0.8000, stg0.8050
AUD/USD $1.0400, $1.0450
AUD/NZD NZ$1.2575
Sold E3.992bln vs target E3.0-E4.0bln
E1.997bln 3.75% Oct 2015 Bono, cover 1.98 vs 2.01 prev, at avg yield 3.956% vs 3.845% prev
E1.285bln 3.30% Oct 2014 Bono, cover 2.03 vs 1.90 prev, at avg yield 3.282% vs 5.204% prev
E710mln 5.50% Jul 2017 Obli, cover 2.47 vs 2.06 prev, at avg yield 4.766% vs 6.459% prev
Yesterday 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. That’s above an initial estimate of 45.9 published on Sept. 20. A reading below 50 indicates contraction.
00:00 China Bank holiday -
01:30 Australia Building Permits, m/m August -21.2% +4.8% +6.4%
01:30 Australia Building Permits, y/y August -10.6% -14.3% -15.4%
01:30 Australia Retail sales (MoM) August -0.8% +0.5% +0.2%
01:30 Australia Retail Sales Y/Y August +3.5% +3.2%
The yen weakened against its 16 major peers on speculation central banks around the world will take more steps to avert a further slowdown in the economies, curbing demand for refuge assets. The Japanese currency fell to its lowest level in two weeks against the dollar as the Bank of Japan (8301) begins its two-day policy meeting today after expanding stimulus last month. The BOJ increased its asset-purchase program by 10 trillion yen ($127 billion) to 55 trillion yen at the previous meeting on Sept. 19, saying the economy’s pick-up was slowing while prices were flat.
Demand for the euro was supported before European Central Bank policy makers convene to discuss ways to contain the deepening fiscal turmoil in the region. The ECB is projected to keep its benchmark interest rate unchanged at a record-low 0.75 percent today, a Bloomberg News survey shows. ECB President Mario Draghi unveiled a program of unlimited bond purchases last month to ease borrowing costs for debt-ridden nations, spurring a rally in the shared currency.
Gains in the euro were limited before Spain sells notes maturing in 2014, 2015 and 2017 today as investors weigh whether the indebted nation will ask for an international bailout. Prime Minister Mariano Rajoy this week denied that he has immediate plans to seek assistance.
Demand for the dollar was limited before the Federal Reserve today publishes minutes of its Sept. 13 meeting, when it announced a third round of so-called quantitative easing that tends to debase the currency. The central bank will continue record stimulus even after economic expansion gains strength, Chairman Ben S. Bernanke said this week.
Australia’s dollar earlier slid to a four-week low after data showed the nation’s retail sales rose by less than economists had expected. Retail sales in Australia advanced 0.2 percent in August from the previous month, when they dropped 0.8 percent, the statistics bureau said today in Sydney. Economists had forecast a 0.4 percent increase.
EUR/USD: during the Asian session, the pair rose to yesterday's high.
GBP/USD: during the Asian session, the pair restored to $1.6100.
USD/JPY: during the Asian session, the pair rose refreshing week's high of Y78.70.
UK data sees the release of the Halifax house price index at 0700GMT, followed by the release of the UK September New car and commercial vehicle registrations data at 0800GMT. Thursday sees the announcement of the Bank of England's Monetary Policy Committee decision, at 1100GMT. At 1145GMT the ECB to announce interest rate decision is due, with no change in policy expected. However, the ECB's 1230GMT press call (policy meeting outside Frankfurt this month - in Llubjana, Slovenia) will of course be the key focus for the markets.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2908 -0,06%
GBP/USD $1,6080 -0,30%
USD/CHF Chf0,9385 +0,23%
USD/JPY Y78,49 +0,41%
EUR/JPY Y101,33 +0,37%
GBP/JPY Y126,19 +0,10%
AUD/USD $1,0219 -0,41%
NZD/USD $0,8194 -0,84%
USD/CAD C$0,987 +0,32%00:00 China Bank holiday -
01:30 Australia Building Permits, m/m August -21.2% +4.8% +6.4%
01:30 Australia Building Permits, y/y August -10.6% -14.3% -15.4%
01:30 Australia Retail sales (MoM) August -0.8% +0.5% +0.2%
01:30 Australia Retail Sales Y/Y August +3.5% +3.2%
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%
11:00 United Kingdom Asset Purchase Facility - 375 375
11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50%
11:00 United Kingdom MPC Rate Statement -
11:45 Eurozone ECB Interest Rate Decision - 0.75% 0.75%
12:30 Eurozone ECB Press Conference -
12:30 U.S. Initial Jobless Claims - 359 371
14:00 Canada Ivey Purchasing Managers Index September 62.5 59.0
14:00 U.S. Factory Orders August +2.8% -4.1%
17:30 Canada Gov Council Member Macklem Speaks -
18:00 U.S. FOMC meeting minutes
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