Analytics, News, and Forecasts for CFD Markets: currency news — 05-10-2012.

The euro rose against the dollar and the yen against the U.S. improve statistics on the labor market. The unemployment rate unexpectedly fell to 7.8% in September, mainly due to the increase of employment of Americans to work part time, and off-farm employment increased by 114 thousand (the August value was revised to 142 million). The average duration of the week and hourly wage also rose last month.

With regard to regional statistics, the German factory orders for August fell short of expectations: the indicator fell by 4.8% y / y after the July decline of 4.6% and -4.3% forecast. In monthly terms orders fell by 1.3% vs. -0.5%. In the 2nd quarter of eurozone GDP fell by 0.2% after falling 0.3% in the previous quarter. This result coincided with analysts' forecasts. Spanish industrial output came out better than expected, although it remained in negative territory (-3.2% vs. prev. -5.4% And -5.5% of the forecast).

The yen earlier rose against major currencies after the Bank of Japan decided not to change the course of monetary policy. The Bank of Japan on Friday left its benchmark interest rate in the range of 0-0.1%. The total amount of incentive programs Bank of Japan kept at 80 trillion yen (just over $ 1 trillion), including a program of emergency loans to banks - 25 trillion yen asset repurchase program, expanded in the past month - 55 trillion yen. CB solutions line with expectations of economists.

The Canadian dollar was higher against the U.S. dollar after the rate of employment in Canada increased more than five times faster than economists' forecasts, with increased job full-time, starting from the retail sector and to construction. However, the unemployment rate also rose, with increased labor force. Employment rose by 52,100 in September, after rising by 34,300 in August, according to statistics office today. Unemployment rate increased to 7.4% from 7.3%, and the labor force increased by 72,600.

EUR/USD $1.2900, $1.2950, $1.2975, $1.3000, $1.3020, $1.3050, $1.3100

USD/JPY Y78.00, Y78.50, Y79.00

GBP/USD $1.6125, $1.6100

EUR/GBP stg0.8050

USD/CHF Chf0.9200, Chf0.9370

EUR/CHF Chf1.2100

AUD/USD $1.0150, $1.0160, $1.0200, $1.0225, $1.0250

USD/CAD C$0.9845, C$0.9900

Data:

07:00 Switzerland Foreign Currency Reserves September 418.4 429.3

07:30 Japan BOJ Press Conference -

08:00 Switzerland KOF Institute Economic Forecast IV quarter

09:00 Eurozone GDP (QoQ) (finally) Quarter II -0.2% -0.2% -0.2%

09:00 Eurozone GDP (YoY) (finally) Quarter II -0.5% -0.4%

10:00 Germany Factory Orders s.a. (MoM) August +0.5% -0.4% -1.3%

10:00 Germany Factory Orders n.s.a. (YoY) August -4.5% -4.3% -4.8%

The euro held in a narrow range against the dollar in the standby power of statistics on the labor market in the U.S.. The market expects that the number of jobs outside agriculture in the U.S. in September rose by 111,000. The lower rate will revive fears that the economic slowdown world's largest economy is more stable than expected by some.

The euro has remained stable after the regional statistics. German Factory Orders for August fell short of expectations: the indicator fell by 4.8% y / y after July's decline of 4.6% and -4.3% forecast. In monthly terms orders fell by 1.3% vs. -0.5%.

In the 2nd quarter of eurozone GDP fell by 0.2% after falling 0.3% in the previous quarter. This result coincided with analysts' forecasts. Spanish industrial output came out better than expected, although it remained in negative territory (-3.2% vs. prev. -5.4% And -5.5% of the forecast).

The yen earlier rose against major currencies after the Bank of Japan decided not to change the course of monetary policy. The Bank of Japan on Friday left its benchmark interest rate in the range of 0-0.1%. The total amount of incentive programs Bank of Japan kept at 80 trillion yen (just over $ 1 trillion), including a program of emergency loans to banks - 25 trillion yen asset repurchase program, expanded in the past month - 55 trillion yen. CB solutions line with expectations of economists.

EUR/USD

Offers  $1.3100, $1.3030-50

Bids  $1.2980/70, $1.2920/00

EUR/USD $1.2900, $1.2950, $1.2975, $1.3000, $1.3020, $1.3050, $1.3100

USD/JPY Y78.00, Y78.50, Y79.00

GBP/USD $1.6125, $1.6100

EUR/GBP stg0.8050

USD/CHF Chf0.9200, Chf0.9370

EUR/CHF Chf1.2100

AUD/USD $1.0150, $1.0160, $1.0200, $1.0225, $1.0250

USD/CAD C$0.9845, C$0.9900

• Watching if Japan prices move in right direction

• Price view not linked automatically to policy

• Japan govt understands BOJ policy stance

• Always watching FX impact on econ, prices

• can't buy foreign bonds that would affect fx rates

• To review if Japan can hit +1% CPI in Oct 30 report

•  

  Watching if Japan prices move in right direction

   

• Price view not linked automatically to policy

• Japan govt understands BOJ policy stance

• Always watching FX impact on econ, prices

• can't buy foreign bonds that would affect fx rates

• To review if Japan can hit +1% CPI in Oct 30 report

Yesterday 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.

00:00 China Bank holiday -

03:30 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%

03:30 Japan BoJ Monetary Policy Statement -

05:00 Japan Leading Economic Index August 93.0 93.6 93.6

05:00 Japan Coincident Index August 93.8 93.6 93.0

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

EUR/USD $1,2955 +0,36%

GBP/USD $1,6192 +0,69%

USD/CHF Chf0,9305 -0,86%

USD/JPY Y78,49 0,00%

EUR/JPY Y102,16 +0,81%

GBP/JPY Y127,08 +0,70%

AUD/USD $1,0244 +0,24%

NZD/USD $0,8216 +0,27%

USD/CAD C$0,9804 -0,69%

00:00 China Bank holiday -

03:30 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%

03:30 Japan BoJ Monetary Policy Statement -

05:00 Japan Leading Economic Index August 93.0 93.6

05:00 Japan Coincident Index August 93.8 93.6

07:00 Switzerland Foreign Currency Reserves September 418.4

07:30 Japan BOJ Press Conference -

08:00 Switzerland KOF Institute Economic Forecast IV quarter

09:00 Eurozone GDP (QoQ) (finally) Quarter II -0.2% -0.2%

09:00 Eurozone GDP (YoY) (finally) Quarter II -0.5%

10:00 Germany Factory Orders s.a. (MoM) August +0.5% -0.4%

10:00 Germany Factory Orders n.s.a. (YoY) August -4.5% -4.3%

12:30 Canada Building Permits (MoM) August -2.3% -0.7%

12:30 Canada Unemployment rate September 7.3% 7.3%

12:30 Canada Employment September 34.3 11.9

12:30 U.S. Unemployment Rate September 8.1% 8.2%

12:30 U.S. Nonfarm Payrolls September 96 111

12:30 U.S. Average hourly earnings September 0.0% +0.2%

12:30 U.S. Average workweek September 34.4 34.4

17:00 U.S. FOMC Member Elizabeth Duke Speaks -