Analytics, News, and Forecasts for CFD Markets: currency news — 06-04-2012.

00:00 Australia Bank holiday

00:00 New Zealand Bank holiday

05:00 Japan Leading Economic Index February 94.4 95.6 96.6

05:00 Japan Coincident Index February 92.7 93.6 93.7

The euro headed for the biggest weekly drop against the yen in seven months as Spain’s rising borrowing costs fueled concern that the region is failing to contain its debt crisis. The 17-nation currency traded 0.3 percent from a three-week low versus the dollar before data next week that may show German exports fell and growth in French industrial production slowed, adding to evidence that the fiscal woes are hampering the region’s economies. German exports probably decreased 1.2 percent in February from January, when they rose 2.4 percent, according to the median estimate of economists surveyed by Bloomberg News before the report due on April 10. In France, output increased 0.2 percent in February, after gaining 0.3 percent the prior month, another poll showed before the nation’s statistics office releases data the same day.

Demand for the greenback was supported as data indicating a recovery in the U.S. labor market damped speculation the Federal Reserve will add new stimulus. U.S. nonfarm payrolls probably rose by 205,000 in March after climbing by 227,000 in February, economists in a Bloomberg survey forecast ahead of today’s data. A separate report may show the jobless rate held at a three-year low of 8.3 percent. That would follow data from ADP Employer Services this week that showed U.S. companies added 209,000 workers in March after hiring 230,000 in February.

The yen gained against its peers as Asian stocks fell for a third day.

EUR/USD: during the Asian session the pair traded in a range $1.3050-$1.3075.

GBP/USD: during the Asian session the pair restored, after yesterday's falling.

USD/JPY: during the Asian session the pair traded in range Y82.15-Y82.35.

With much of Europe closed for the Good Friday holiday, attention is firmly on the US and the jobs data at 0830GMT Friday. Nonfarm payrolls are forecast to rise 200,000 in March, continuing a trend of strong payrolls gains. Private payrolls are expected to rise 210,000, as government payrolls are expected to decline again due to the state and local sector. The unemployment rate is forecast to hold steady

at 8.3%. Hourly earnings are expected to rise 0.2%, while the average workweek is forecast stay at 34.5 hours.

Yesterday the euro fell to a three-week low against the dollar as Spanish and Italian bonds slumped and borrowing costs increased at a French auction, adding to concern the region’s debt crisis is spreading. The 17-nation currency dropped to a three-week low versus the yen as Spain’s 10-year bond yields increased to the biggest spread compared with German bunds since November amid investor concern that Spanish Prime Minister Mariano Rajoy may require international aid. Spain’s 10-year yields increased to 400 basis points, or 4.0 percentage points, more than similar-maturity bunds after demand declined at a Spanish debt sale. Italy’s 10- year yield increased 12 basis points to 5.48 percent. France auctioned 4.32 billion euros of 10-year debt at an average yield of 2.98 percent, up from 2.91 percent at the previous offering on March 1. Borrowing costs for five-year and 15-year debt also increased.

The Swiss National Bank said it won’t allow the franc to go beyond 1.20 per euro after the currency rose past that level for the first time since the ceiling was put in place in September. The Swiss central bank set a limit of 1.20 francs per euro on Sept. 6 to protect exports after investors turned to the nation’s currency as a haven from Europe’s sovereign-debt crisis. The SNB won’t allow the franc to rise above the ceiling and is ready to buy foreign currencies in unlimited quantities, spokesman Walter Meier said by telephone.

The pound strengthened for a second day versus the euro as the Bank of England left its bond-purchase target unchanged at 325 billion pounds ($515 billion) and its policy rate at 0.5 percent, as anticipated by surveys of economists.

EUR/USD: yesterday the pair fell to a figure to $1.3050.

GBP/USD: yesterday the pair fell to $1.5800.

USD/JPY: yesterday the pair fell below Y82.00, however was restored later.

With much of Europe closed for the Good Friday holiday, attention is firmly on the US and the jobs data at 0830GMT Friday. Nonfarm payrolls are forecast to rise 200,000 in March, continuing a trend of strong payrolls gains. Private payrolls are expected to rise 210,000, as government payrolls are expected to decline again due to the state and local sector. The unemployment rate is forecast to hold steady

at 8.3%. Hourly earnings are expected to rise 0.2%, while the average workweek is forecast stay at 34.5 hours.

Resistance 3: Y83.40 (Mar 27 high)

Resistance 2: Y83.00 (Apr 3 high)

Resistance 1: Y82.45 (Apr 5 high)

The current price: Y82.23

Support 1: Y82.15 (session low)

Support 2: Y81.85 (Mar 29-30 low)

Support 3: Y81.55 (Apr 3 low)

Resistance 3: Chf0.9335 (Mar 15 high)

Resistance 2: Chf0.9255 (Mar 16 high)

Resistance 1: Chf0.9220 (Apr 5 high)

The current price: Chf0.9193

Support 1: Chf0.9185 (Apr 4 high)

Support 2: Chf0.9140 (Apr 5 low)

Support 3: Chf0.9095 (Apr 4 low)

Resistance 3 : $1.5975 (high of the American session on Apr 3)

Resistance 2 : $1.5910 (Apr 4-5 high)

Resistance 1 : $1.5870 (high of the American session on Apr 5)

The current price: $1.5857

Support 1 : $1.5805 (Apr 5 low)

Support 2 : $1.5770 (Mar 22 low)

Support 3 : $1.5695 (Mar 16 low)

Resistance 3 : $1.3210 (high of the European session on Apr 4)

Resistance 2 : $1.3165 (Apr 5 high)

Resistance 1 : $1.3105 (Apr 4 low)

The current price: $1.3066

Support 1 : $1.3035 (Apr 4 low)

Support 2 : $1.3000 (psychological level)

Support 3 : $1.2975 (Feb 16 low)

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

EUR/USD $1,3062 -0,59%

GBP/USD $1,5826 -0,40%

USD/CHF Chf0,9199 +0,43%

USD/JPY Y82,36 -0,07%

EUR/JPY Y107,58 -0,67%

GBP/JPY Y130,34 -0,46%

AUD/USD $1,0303 +0,40%

NZD/USD $0,8157 +0,17%

USD/CAD C$0,9930 -0,32%

00:00 Australia Bank holiday 0

00:00 New Zealand Bank holiday 0

00:00 Switzerland Bank holiday 0

00:00 United Kingdom Bank holiday 0

00:00 Canada Bank holiday 0

00:00 U.S. Bank holiday 0

05:00 Japan Leading Economic Index February 94.4 95.6

05:00 Japan Coincident Index February 92.7 93.6

12:30 U.S. Nonfarm Payrolls March 227 211

12:30 U.S. Unemployment Rate March 8.3% 8.3%

12:30 U.S. Average hourly earnings March +0.1% 0.2%

12:30 U.S. Average workweek March 34.5 34.5

19:00 U.S. Consumer Credit March 17.8 12.9