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Analytics, News, and Forecasts for CFD Markets: currency news — 07-06-2012.
The yen fell against all its major counterparts after China cut its key interest rates for the first time since 2008, damping appetite for refuge assets. China’s benchmark one-year deposit rate will drop by 0.25 percentage point effective tomorrow, the People’s Bank of China said on its website. The one-year lending rate will also be cut by 0.25 percentage point, it said.
The Dollar Index pared losses as Federal Reserve Chairman Ben S. Bernanke refrained from signaling additional steps the central bank might take to spur growth, during congressional testimony. Bernanke said the economy is at risk from Europe’s debt crisis and the prospect of fiscal tightening in the U.S., while not signaling additional monetary easing.
The euro earlier touched to a two-week high versus the dollar earlier as German Chancellor Angela Merkel said the nation is ready to back euro-area financial instruments.
The pound strengthened to a one-week high against the dollar and gilts fell after the Bank of England kept its stimulus program unchanged and China cut borrowing costs to boost growth. Sterling rose versus all except one of its 16 major counterparts after a report showed U.K. services grew more in May than analysts forecast. Policy makers held the bond-purchase program at 325 billion pounds ($505 billion) and their benchmark rate at a record-low 0.5 percent.
deceleration in employment in recent months may indicate that this (jobs) catch-up has largely been completed, and, consequently, that more rapid gains in economic activity will be required to achieve significant further improvement in labor market conditions;
economic growth appears poised to continue at a moderate pace over coming quarters, supported in part by accommodative monetary policy.
deceleration in employment in recent months may indicate that this (jobs) catch-up has largely been completed, and, consequently, that more rapid gains in economic activity will be required to achieve significant further improvement in labor market conditions;
economic growth appears poised to continue at a moderate pace over coming quarters, supported in part by accommodative monetary policy.
EUR/USD $.1.2500, $1.2525, $1.2420, $1.2400
USD/JPY Y78.70, Y79.00, Y79.50
EUR/JPY Y99.00
EUR/GBP stg0.8040, stg0.8050, stg0.8060, stg0.8100
AUD/USD $0.9800
Data:
05:45 Switzerland Unemployment Rate May 3.1% 3.2% 3.2%
07:00 United Kingdom Halifax house price index May -2.4% +0.5%
07:00 United Kingdom Halifax house price index 3m Y/Y May -0.5% -0.1%
07:00 Switzerland Foreign Currency Reserves May 235.6 303.8
07:15 Switzerland Consumer Price Index (MoM) May +0.1% +0.1% 0.0%
07:15 Switzerland Consumer Price Index (YoY) May -1.0% -1.0% -1.0%
08:30 United Kingdom Purchasing Manager Index Services May 53.3 52.7 53.3
11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50% 0.50%
The euro strengthened after Spanish and French government bond auctions boosted confidence that Europe can contain its sovereign-debt crisis.
The dollar fell as China cut its key interest rates, damping demand for the relative safety of the greenback.
China cut its benchmark lending and deposit rates today for the first time since 2008. The benchmark one-year deposit rate will drop by 0.25% effective tomorrow, the People’s Bank of China said on its website today. The one-year lending rate will also be cut by 0.25%, it said.
Federal Reserve Chairman Ben S. Bernanke today may signal more stimulus is needed to spur a recovery in the world’s largest economy.
EUR/USD: the pair come near to $1,2600.
GBP/USD: the pair grown in $1,5560 area.
USD/JPY: the pair was limited Y79,20-Y79,50.
EUR/USD
Offers $1.2690/700, $1.2650, $1.2625
Bids $1.2530/20, $1.2500, $1.2475/70, $1.2440, $1.2410/00, $1.2385/80, $1.2360
GBP/USD
Offers $1.5580
Bids $1.5470, $1.5450
AUD/USD
Offers $1.0075/80, $1.0050, $1.0015, $0.9990/00, $0.9965/70
Bids покупку $0.9900, $0.9880/75, $0.9850, $0.9830/25, $0.9800
EUR/JPY
Offers Y101.00, Y100.50, Y100.30/40
Bids Y99.00, Y98.65/60, Y98.50, Y98.10/00
USD/JPY
Offers Y80.25, Y80.00, Y79.80/85, Y79.55, Y79.50
Bids Y79.10/00, Y78.85/80, Y78.50, Y78.25
EUR/GBP
Offers stg0.8220/25, stg0.8200, stg0.8150/60, stg0.8140/45
Bids stg0.8085/80, stg0.8050, stg0.8035/30, stg0.8210/00, stg0.7965/60, stg0.7950
Resistance 3: Y80.15 (May 22 high)
Resistance 2: Y79.80 (May 25 high)
Resistance 1: Y79.50 (session high)
Current price: Y79.33
Support 1: Y78.90 (МА (200) for Н1)
Support 2: Y78.60 (МА (100) for Н1)
Support 3: Y78.10 (May 5 low)
Resistance 3: Chf0.9665/75 (Jun 5 high)
Resistance 2: Chf0.9630 (МА (100) for Н1 and МА (200) for Н1)
Resistance 1: Chf0.9580 (session high)
Current price: Chf0.9558
Support 1: Chf0.9530 (area of May 24-28 lows)
Support 2: Chf0.9490 (38,2 % FIBO Chf0,9040-Chf0,9780)
Support 3: Chf0.9400 (50,0 % FIBO Chf0,9040-Chf0,9780)
Resistance 3 : $1.5720 (area of May 24, 28-29 highs)
Resistance 2 : $1.5660 (38,2 % FIBO $1.6300-$ 1.5260)
Resistance 1 : $1.5520 (session high, May 31 and Jun 6 highs)
Current price: $1.5487
Support 1 : $1.5430 (session low)
Support 2 : $1.5400 (МА (100) for Н1)
Support 3 : $1.5320 (Jun 5 low)
Resistance 3 : $1.2780 (50.0 % FIBO $1,3280-$ 1,2280)
Resistance 2 : $1.2670 (38,2 % FIBO $1,3280-$ 1,2280)
Resistance 1 : $1.2620 (May 24 and 28 highs)
Current price: $1.2586
Support 1 : $1.2540 (session low)
Support 2 : $1.2470 (МА (200) for Н1, МА (100) for Н1)
Support 3 : $1.2410 (Jun 5 low)
EUR/USD $.1.2500, $1.2525, $1.2420, $1.2400
USD/JPY Y78.70, Y79.00, Y79.50
EUR/JPY Y99.00
EUR/GBP stg0.8040, stg0.8050, stg0.8060, stg0.8100
AUD/USD $0.9800
AFT sold E7.836bln vs target E7.0bln-E8.0bln
E1.71bln of 4.25% 2019 OAT; avg yield 1.92%, cover 2.39
E3.48bln of 3.00% 2022 OAT; avg yield 2.46% (2.96%),cover 2.02 (1.98)
E1.961bln of 3.50% 2026 OAT; avg yield 2.90% cover 1.94
E685mln of 4.00% 2060 OAT; avg yield 3.27%, cover 2.33
Sold E638mbln Oct 2014 BONO at avg yield 4.335% vs 3.463% previous
Sold E825mln Oct 2016 BONO at avg yield 5.353% vs 4.319% previous
Sold E611mln Jan 2022 Obligacion at avg yield 6.044% vs 5.743% previous
Yesterday the euro rose for a fourth day against the yen as European Central Bank president Mario Draghi said policy makers were “ready to act” after leaving their benchmark rate at a record low. The ECB’s Draghi told a press conference in Frankfurt that officials will extend their offerings of unlimited cash to banks until the start of 2013 for periods up to three months as they endeavor to counter risks stemming from the region’s debt crisis.
The 17-nation euro strengthened to almost a one-week high against the dollar amid speculation the world’s leading economies will collaborate on a response to Europe’s debt crisis.
The dollar and yen fell against most of their major counterparts amid reduced demand for safer assets.
Australia’s dollar rose as the nation’s economic growth exceeded forecasts and investors sought higher-yielding currencies. The Australian economy expanded 1.3 percent in the first three months of this year from the fourth quarter, the Bureau of Statistics said. That’s the fastest pace since the period ended June last year.
EUR/USD: yesterday the pair gain on a figure, updated a week’s high.
GBP/USD: yesterday the pair gain on a figure to $1.5500.
USD/JPY: yesterday the pair gain on a floor of a figure, fixed above Y79.00.
A full morning for the UK, which includes the Bank of England's policy decision UK data starts at 0700GMT, witt the release of the Halifax Houspe Price data. At 0830GMT, the May Markit/CIPS service sector index is released. At 1100GMT, the BOE Monthly Policy Decision is due. The European data calendar kicks off at 1130GMT, German Chancellor Angela Merkel, British Prime Minister David Cameron, Norwegian Prime Minister Jens Stoltenberg, attend a public discussion with students, in Berlin. There is no confirmation yet as to whether or not there will be a press conference.
Resistance 3: Y80.15 (May 22 high)
Resistance 2: Y79.80 (May 25 high)
Resistance 1: Y79.65 (May 29 high)
The current price: Y79.39
Support 1: Y78.95 (low of the American session on Jun 6)
Support 2: Y78.60 (Jun 6 low)
Support 3: Y78.00/10 (area of Jun 4-5 low)
Resistance 3: Chf0.9675/95 (area of Jun 4-5 highs)
Resistance 2: Chf0.9650 (Jun 6 high)
Resistance 1: Chf0.9575 (Jun 5 low)
The current price: Chf0.9559
Support 1: Chf0.9540 (Jun 6 low)
Support 2: Chf0.9525 (May 28 low)
Support 3: Chf0.9465 (May 23 low)
Resistance 3 : $1.5645 (May 30 high)
Resistance 2 : $1.5615 (high of the American session on May 30)
Resistance 1 : $1.5515 (Jun 6 high)
The current price: $1.5472
Support 1 : $1.5440 (Jun 1 high)
Support 2 : $1.5370 (Jun 6 low)
Support 3 : $1.5320 (Jun 5 low)
Resistance 3 : $1.2685 (May 23 high)
Resistance 2 : $1.2620/25 (area of May 24-28 high)
Resistance 1 : $1.2585 (session high)
The current price: $1.2557
Support 1 : $1.2540 (Jun 5 high)
Support 2 : $1.2440 (Jun 6 low)
Support 3 : $1.2385/05 (area of Jun 4-5 lows)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2577 +1,01%
GBP/USD $1,5488 +0,73%
USD/CHF Chf0,9547 -1,02%
USD/JPY Y79,25 +0,88%
EUR/JPY Y99,68 +1,65%
GBP/JPY Y122,73 +1,36%
AUD/USD $0,9917 +1,74%
NZD/USD $0,7701 +1,78%
USD/CAD C$1,0277 -0,98%
01:30 Australia Changing the number of employed May 15.5 0.9
01:30 Australia Unemployment rate May 4.9% 5.1%
05:00 Japan Leading Economic Index April 96.4 95.2
05:00 Japan Coincident Index April 96.4 96.5
05:45 Switzerland Unemployment Rate May 3.1% 3.2%
07:00 United Kingdom Halifax house price index May -2.4%
07:00 United Kingdom Halifax house price index 3m Y/Y May -0.5%
07:00 Switzerland Foreign Currency Reserves May 235.6
07:15 Switzerland Consumer Price Index (MoM) May +0.1% +0.1%
07:15 Switzerland Consumer Price Index (YoY) May -1.0% -1.0%
08:30 United Kingdom Purchasing Manager Index Services May 53.3 52.7
11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50%
11:00 United Kingdom MPC Rate Statement -
12:30 U.S. Initial Jobless Claims - 383 385
14:00 Canada Ivey Purchasing Managers Index May 52.7 51.8
14:00 U.S. Fed Chairman Bernanke Testifies -
16:10 U.S. FOMC Member Dennis Lockhart Speaks -
19:00 U.S. Consumer Credit April 21.4 10.6
19:30 U.S. FOMC Member Richard Fisher Speaks -
23:50 Japan Current Account Total, bln April 785.5 616.2
23:50 Japan GDP, q/q (finally) Quarter I -0.2% +1.1%
23:50 Japan GDP, y/y (finally) Quarter I +2.6%
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