Analytics, News, and Forecasts for CFD Markets: currency news — 09-01-2013.

Euro did rebound from the new 2-day low of $ 1.3035 against the background of the positive dynamics of the U.S. stock, recovered from a 2-day decline. EUR / USD has recently reached session high of $ 1.3079. Now trading is around $ 1.3060, still 0.1% from the opening price.

At auction in New York a couple rallied, swallowing up the European session Y87.74 and moving day high at Y87.99. U.S. economic calendar is empty today, but traders noted the Fitch warning of a possible downgrade of Japan due to its high level of debt. In addition, Japanese politicians continue to voice their commitment to improve the inflation target of 2%.

January 22 The Bank of Japan will announce its decision on monetary poliitke. Investors expect the Central Bank, under severe pressure okazvashiysya Abe government, demonstrates very pigeon attitude.

Bloomberg's Hans Nichols reports that Obama will name Jack Lew as Treasury Secretary tomorrow.

Lew, who is currently Obama's Chief Of Staff, has been seen as the frontrunner for a long time.

Previously he was Obama's budget chief, and previous to that he was at Citi.

While Lew is seen as likely being an easy nomination, there is some GOP opposition to him.

Several Republicans said Tuesday they don’t view Lew as a man interested in hearing GOP concerns. One aide called him “tone deaf” in understanding the compromises that Republicans could accept during high-stakes talks.

EUR/USD $1.3200, $1.2940, $1.2900

USD/JPY Y87.75, Y87.00

AUD/USD $1.0400

AUD/NZD NZ$1.2585

AUD/JPY Y90.00

Data

00:00Australia HIA New Home Sales, m/mNovember +3.4%+4.7%

00:30Australia Retail sales (MoM)November 0.0%+0.3%-0.1%

09:30United Kingdom Trade in goodsNovember -9.5-9.0-9.2

10:00Eurozone GDP (QoQ)(finally)Quarter III -0.1%-0.1%-0.1%

10:00Eurozone GDP (YoY)(finally)Quarter III -0.6%-0.6%

11:00Germany Industrial Production s.a. (MoM)November -2.0% +1.1%+0.2%

The yen fell against the dollar, stopping with his two-day consolidation, which was caused by the meeting of Prime Minister Shinzo Abe and the central bank governor Masaaki Shirakawa, in which hodey Abe said he wants to double the inflation target to 2 percent.

Japan's currency weakened by at least 0.2% against all 16 major currencies after Shirakawa said that the Bank of Japan is in close contact with the government. Against it far more likely that the policy will increase the incentive, which is directed to the depreciation of the currency.

Euro against the dollar, as many market participants are waiting for tomorrow's meeting of the European Central Bank, which will be announced rate decision.

According to the poll, 55 economists suggest that the ECB President Mario Draghi will hold the key refinancing rate at a record low of 0.75%, while the five experts expect it to fall 0.5%.

Meanwhile, the corporation Citigroup Inc expects the ECB to cut rates at its meeting next month.

Also today published the final Eurozone GDP, which are fully consistent with the projections. Later also presented a report on industrial production in Germany, which showed an increase of 0.2%, while analysts had expected an increase of 1.1%.

Pound decreased, which was due to the publication of data showing that the trade deficit fell less than expected. Office for National Statistics said that the trade deficit narrowed to 9.164 billion pounds from 9.487 billion pounds in October, while economists forecast a reduction in the deficit to 9.05 billion pounds.

EUR / USD: during the European session the pair fell to $ 1.3043

GBP / USD: during the European session the pair fell to $ 1.6008

USD / JPY: during the European session, the pair rose to Y87.74

At 13:15 GMT in Canada, there are data on the number of new foundations of bookmarks for December. At 15:30 GMT the United States to report on crude oil inventories from the Department of Energy in January. At 18:00 GMT the U.S. puts 10-year bonds. Finish the day at 21:45 GMT New Zealand report on the trade balance (for 12 months, from the beginning of the year) and the trade balance for November.

EUR/USD

Offers $1.3200, $1.3190, $1.3140/50, $1.3120, $1.3100/10

Bids $1.3050, $1.3010/00

GBP/USD

Offers $1.6170/80, $1.6150/55, $1.6130/35, $1.6100/05, $1.6080

Bids $1.6030/20, $1.6010/00, $1.5980, $1.5965/60

AUD/USD

Offers $1.0600, $1.0550, $1.0520/30

Bids $1.0490/85, $1.0480/70, $1.0450/40, $1.0425/20, $1.0410/00

EUR/GBP

Offers stg0.8220/25, stg0.8200/10, stg0.8180/85, stg0.8170, stg0.8160/65

Bids stg0.8130, stg0.8120, stg0.8105/00, stg0.8080, stg0.8065/60

EUR/JPY

Offers Y115.50, Y114.95/00, Y114.75/80

Bids Y114.00, Y113.50, Y113.20, Y113.00

USD/JPY

Offers Y88.35/40, Y88.00, Y87.80/85

Bids Y87.05/00, Y86.55/50, 86.30/25, Y86.00

European stocks show an increase for the first 3 days after Alcoa Inc. kicked off earnings season for the fourth quarter of 2012. The company's revenue fell 2% to $ 5.9 billion, but exceeded the average analyst estimate, which was $ 5.6 billion

Also have a positive impact on the market investor expectations data on industrial production in Germany.

To date:

FTSE 100 6,071.41 +17.78 +0.29%

DAX 7,701.68 +5.85 +0.08%

CAC 3,709.32 +3.44 +0.09%

Shire Plc shares rose 1.5% after the announcement of the CEO of the company's profit growth.

Paper Delta Lloyd NV jumped 6.8% after Aviva Plc sold its share of the Dutch insurance company.

The market value of Sainsbury Plc fell 2.9% after reporting slower sales growth in eight years.

PSA Peugeot Citroen shares fell 0.7%. The company reduced sales in 2012 by 17% - to 2.97 million vehicles, compared with 3.5 million in 2011.

UR/USD $1.3200, $1.2940, $1.2900

USD/JPY Y87.75, Y87.00

AUD/USD $1.0400

AUD/NZD NZ$1.2585

AUD/JPY Y90.00

The yen rose for a second day versus the dollar, extending a rally from a 29-month low, amid ebbing risk appetite and bets the currency’s three-month slide already incorporates proposed Bank of Japan stimulus measures. The yen gained versus all of its 16 most-traded peers even as Finance Minister Taro Aso said Japan will buy euro-denominated sovereign debt to help weaken the currency.

The Bank of Japan next meets Jan. 21-22. Policy makers boosted stimulus at their previous gathering in December while refraining from raising their inflation goal from 1 percent. Newly elected Prime Minister Shinzo Abe had called for a doubling of the inflation measure.

Japan will use foreign-exchange reserves to buy European Stability Mechanism bonds to help weaken the yen, Aso told reporters in Tokyo. The decision will also help the “financial stability of Europe,” he said.

The Japanese government will watch the currency market “closely” and will strengthen cooperation with the BOJ to counter deflation, according to a draft of its emergency economic measures released. Abe said on Jan. 1 that “bold” monetary policy was one of the three prongs of his economic plan.

The euro dropped for the first time in three days, approaching its 50-day moving average of $1.2995. The euro headed toward its 50-day moving average versus the dollar after failing to breach it for the past two days. Moving averages, which indicate momentum, are seen by some traders as potential turning points in the direction of a currency’s price.

The pound fell toward the weakest level in a month against the dollar before a Bank of England meeting this week. Policy makers are forecast to keep interest rates at a record low as they struggle to stoke a recovery. The U.K. economy shrank 0.1 percent last year, while the U.S. expanded 2.2 percent, according to a Bloomberg News surveys.

00:00Australia HIA New Home Sales, m/mNovember +3.4%+4.7%

00:30Australia Retail sales (MoM)November 0.0%+0.3%-0.1%

The yen fell versus all of its major counterparts on expectations the Bank of Japan will accede to government pressure to expand monetary easing that tends to weaken the currency. The yen declined versus the dollar and euro ahead of data this week that may show Japan had a current-account deficit in November, supporting the case for increased stimulus at the central bank’s next meeting. Japan’s Chief Cabinet Secretary Yoshihide Suga said today the next BOJ governor should see the need for bold monetary easing.

The euro stemmed a loss from yesterday on prospects European Central Bank officials meeting tomorrow will refrain from lowering borrowing costs. ECB President Mario Draghi and his board will probably keep the euro-area’s benchmark borrowing cost unchanged at 0.75 percent, according to the median estimate in a Bloomberg survey of economists before the policy decision tomorrow. Analysts in a separate poll predicted that German data today will show industrial production climbed 1 percent in November from a month earlier, when it dropped 2.6 percent.

The Australian dollar slid against most peers after data showed that retail sales and job vacancies unexpectedly declined. Australia’s statistics bureau said today that retail sales fell 0.1 percent in November from the previous month, when they stalled. The median estimate of analysts in a Bloomberg survey was for a 0.3 percent advance. Job vacancies dropped 6.9 percent over the same period, according to a separate report.

EUR/USD: during the Asian session, the pair traded in the range of $1.3065-90.

GBP/USD: during the Asian session the pair fell to $1.6035.

USD/JPY: during the Asian session, the pair climbed to Y87.55.

There is no early data in Europe Wednesday and the first calendar entries are sector outlooks from German trade bodies. At 0900GMT, the German construction associations release a joint sector outlook, while the Wholesale and Export Association release their sector outlook at 0930GMT, both in Berlin. There is an insight into the Greek economy at 1000GMT, with the release of both the November trade data and the November industrial production numbers. Also at 1000GMT, the third estimate of the EMU GDP for the third quarter is set for release. The DIW also releases its new German growth forecasts at 1000GMT. Further eurozone data is due at 1100GMT, with the release of the Portuguese November trade balance and the German November industrial output numbers. Back in Europe, at 1230GMT, German Chancellor Angela Merkel and Maltese Prime Minister Lawrence Gonzi will hold a joint press conference in Berlin.

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

EUR/USD$1,3080 -0,27%

GBP/USD $1,6055 -0,37%

USD/CHF Chf0,9240 +0,31%

USD/JPY Y87,05 -0,84%

EUR/JPY Y113,85 -1,12%

GBP/JPY Y139,70 -1,25%

AUD/USD $1,0503 +0,01%

NZD/USD $0,8364 -0,07%

USD/CAD C$0,9865 +0,07%

00:00Australia HIA New Home Sales, m/mNovember +3.4%+4.7%

00:30Australia Retail sales (MoM)November 0.0%+0.3%-0.1%

00:30Australia Retail Sales Y/YNovember +3.1%

02:00China Trade Balance, blnDecember 19.620.1

02:00China New LoansDecember 523550

09:30United Kingdom Trade in goodsNovember -9.5-9.0

10:00Eurozone GDP (QoQ)(finally)Quarter III -0.1%-0.1%

10:00Eurozone GDP (YoY)(finally)Quarter III -0.6%

11:00Germany Industrial Production s.a. (MoM)November -2.6%+1.1%

11:00Germany Industrial Production (YoY)November -3.7%-2.9%

13:15Canada Housing StartsDecember 196198

15:30U.S. Crude Oil Inventories- -11.1

18:00U.S. USA 10-y Bond Auction-

21:45New Zealand Trade BalanceNovember -718-670