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Analytics, News, and Forecasts for CFD Markets: currency news — 09-11-2012.
The euro fell to a two-month low against the dollar and to the weakest level in nearly a month against the yen since the fall of French industrial production adds speculation that Europe's economic prospects are deteriorating. The data showed that the amount of French industrial production fell by 2.7%, compared to the previous month, while the average forecast was at 1%. We also learned that business confidence in the second-largest economy of the euro area reached a three-year low last month.
The single currency was headed for a weekly decline against the yen and the dollar, as Greek lawmakers prepared to vote on November 11 for the next year's budget. The euro recovered some losses, even in spite of the fact that the index of U.S. consumer confidence rose to a five-year maximum.
The yen reached 79.08 per dollar, which is the strongest level since Oct. 18, but also showed an increase against most other major currencies. Note that the currency is generally stronger in times of political, financial and economic turmoil, and the latest data on the trade surplus means that the country has to rely on foreign creditors. But, despite this growth rate still declined, approaching with up to the opening level of the day.
The dollar index (DXY) rose 0.3% to 81.035, after an early increase to the level of 81.087, which is a two-month high.
Canadian dollar recovered today suffered losses early in the day, after a report on the level of consumer confidence in the United States. Note that the currency is trading above parity with U.S. counterpart for a second day.
want to deliver in 2nd term, hope find willing partners
american people looking for cooperation, common sense
lets extend the middle class tax cuts right now
should be no drama over extending middle class tax cuts
believe can get majority in congress to reach agreement
majority of americans 'agree with my approach'
open to new ideas but want a balanced approach
no wedded to every detail of own plan
must combine spending cuts with revenue increases
to work with both parties to do more on cutting deficit
fiscal cliff has made action 'that more urgent'
top priority has to be jobs and growth
invited leaders of both parties to white hse next week
want to deliver in 2nd term, hope find willing partners
american people looking for cooperation, common sense
lets extend the middle class tax cuts right now
should be no drama over extending middle class tax cuts
believe can get majority in congress to reach agreement
majority of americans 'agree with my approach'
open to new ideas but want a balanced approach
no wedded to every detail of own plan
must combine spending cuts with revenue increases
to work with both parties to do more on cutting deficit
fiscal cliff has made action 'that more urgent'
top priority has to be jobs and growth
- invited leaders of both parties to white hse next week
don't want to preclude any options moving forward
everything' has to be looked at in tax reform
raising tax rates will slow dwn ability to create jobs
as a political party republicans have some work to do
eliminating tax loopholes would bring more econ growth
clearly the deficit is a drag on the s economy
need a deal that can pass both houses of congress
now an opportunity for obama to lead
- 2013 should be the start of tax,entitlement
Pair USD / CAD from the beginning of the European session added 50 points, broke the parity level, reaching a high of 1.0033 and retreated. Currently the pair is trading at 3-month highs around 1.0011
EUR/USD $1.2700, $1.2725, $1.2775, $1.2800, $1.2850, $1.2900
USD/JPY Y79.00, Y79.30, Y79.40, Y80.00, Y80.50
EUR/JPY Y103.25
GBP/USD $1.6000, $1.6030, $1.6050, $1.6100, $1.5910
EUR/GBP stg0.8000
GBP/CHF Chf1.5230
USD/CHF Chf0.9425
AUD/USD $1.0400, $1.0425, $1.0430, $1.0445
07:00 Germany CPI, m/m (finally) October 0.0% 0.0% 0.0%
07:00 Germany CPI, y/y (finally) October +2.0% +2.0% +2.0%
07:45 France Industrial Production, m/m September +1.9% -0.9% -2.7%
07:45 France Industrial Production, y/y September -0.9% -0.2% -2.5%
09:30 United Kingdom Trade in goods September -10.0 -9.7 -8.4
Тhe euro dropped to a four-week low against the yen as French and Swedish industrial production fell more than analysts estimated a day after the European Central Bank warned economic growth will remain weak.
German CPI inflation figures confirmed predictions (2% y / y and 0% m / m), and the French budget deficit narrowed to € -97.7 million to € -85 billion, while the volume of industrial production in the country fell from +1.5 % to -2.7% m / m
The 17-member currency touched a two-month low against the dollar as Greek lawmakers prepared to vote on next year’s budget on Nov. 11. EU officials confirmed the postponement of payment E31 ,3-billion tranche of Greece on November 12, at the end of the month, as the finance ministers want to wait for the report, "Three. They also point out that in any case the country is not threatened due to maturity default on November 16.
Greece issued a dismal performance of industrial production for September: -7.3% y / y vs. prev. +2.7% And CPI inflation in the country accelerated to +0.9% to +1.6%. Greece continues to move towards recession. Earlier this week, parliament approved the adoption of a package of austerity measures to € 13.3 billion, which caused a surge of violent protests.
The pound fell against the dollar after a report showed that the UK's trade deficit fell sharply. The sharp drop in oil and fuel imports in September after the August growth provoked narrowing of the trade deficit UK. The overall deficit registered narrowing to 2.699 billion from 4.309 billion in August percentage of the volume of imports fell by 0.7% q / q, while exports grew by 2.6%.
EUR / USD: during the European session the pair fell to $ 1.2687
GBP / USD: during the European session the pair fell to $ 1.5914
USD / JPY: during the European session the pair fell to Y79.06
At 13:30 GMT the U.S. will import prices for October, and 14:55 GMT - the index of consumer sentiment from the University of Michigan in November.
EUR/USD
Offers $1.2840/60, $1.2820/30, $1.2800, $1.2745/50
Bids $1.2705/00, $1.2690/85, $1.2655/50, $1.2620/00
GBP/USD
Offers $1.6140/50, $1.6125, $1.6100/10, $1.6075/80, $1.6060, $1.5980/85
Bids $1.5900, $1.5885/80, $1.5865/50
AUD/USD
Offers $1.0500, $1.0470/90, $1.0460, $1.0445/50
Bids $1.0380/75, $1.0370/60, $1.0355/50, $1.0300, $1.0280
EUR/JPY
Offers Y102.00, Y101.80, Y101.45/50, Y101.15/20
Bids Y100.50, Y100.20, Y100.00
USD/JPY
Offers Y80.15/20, Y79.95/00, Y79.60/65
Bids Y79.15, Y79.00, Y78.80, Y78.50
EUR/GBP
Offers stg0.8100, stg0.8080, stg0.8040, stg0.8000
Bids stg0.7945/40
EUR/USD $1.2700, $1.2725, $1.2775, $1.2800, $1.2850, $1.2900
USD/JPY Y79.00, Y79.30, Y79.40, Y80.00, Y80.50
EUR/JPY Y103.25
GBP/USD $1.6000, $1.6030, $1.6050, $1.6100, $1.5910
EUR/GBP stg0.8000
GBP/CHF Chf1.5230
USD/CHF Chf0.9425
AUD/USD $1.0400, $1.0425, $1.0430, $1.0445
The euro fell to a two-month low against the dollar after European Union finance ministers said they would postpone a decision until the revenge issue of providing financial assistance to Greece.
The single currency fell against most of its 16 major counterparts as European Central Bank President Mario Draghi said that the economic growth will remain weak. He also said that the finance ministers of the euro area will not be able to take action on Greece until the end of November, as they expect a full report on compliance with requirements.
The yen rose against all 16 major currencies, as the demand for safe assets was raised amid speculation that U.S. lawmakers will take measures that prevent a looming "fiscal cliff," which carries with it the tax increases and spending cuts.
The pound continued its yesterday's rise against the euro after the Bank of England has said it will support a program to purchase assets at 375 billion pounds ($ 599 billion). Also today, the BA decided by the level of interest rate, leaving it unchanged at 0.5%.
The Canadian dollar fell against the fact that the published data showed that the number of bookmarks new foundations were well below analysts' expectations. At the same time, it became known that the price index for new homes showed an increase in line with forecasts. Also on this momentum influenced gradual decline in demand for riskier assets.
00:30 Australia RBA Monetary Policy Statement IV quarter
01:00 New Zealand REINZ Housing Price Index, m/m October +0.6% +1.5%
01:30 China CPI y/y October +1.9% +1.9% +1.7%
01:30 China PPI y/y October -3.6% -2.7% -2.8%
05:00 Japan Consumer Confidence October 40.1 39.7 39.7
05:30 China Industrial Production y/y October +9.2% +9.5% +9.6%
05:30 China Retail Sales y/y October +14.2% +14.4% +14.5%
The yen weakened against its major peers before data next week forecast to show Japan’s economy shrank in the third quarter by the most since last year’s record earthquake. Japan’s gross domestic product probably contracted an annualized 3.4 percent in the three months through Sept. 30, according to the median forecast of economists in a Bloomberg News survey before a report due Nov. 12.
Demand for the 17-nation euro was limited after a European Union official said a decision on unlocking funds for Greece may not be made until late November.
The Thomson Reuters/University of Michigan consumer sentiment index for the U.S. probably climbed to 83 in November, according to economists surveyed by Bloomberg before the preliminary reading due today. That’s up from the 82.6 reading for October that was the highest since September 2007.
EUR / USD: during the Asian session, the pair rose to $1.2785.
GBP / USD: during the Asian session, the pair rose to $1.6000.
USD / JPY: during the Asian session, the pair rose, recovering from yesterday's fall.
A full calendar i scheduled for Friday, to end what has been a landmark week. At 0700GMT, German October final HICP numbers are due.French data is expected at 0745GMT and includes the release of the October Bannque de France business survey, the September industrial output data, the September govt deficit and the October Industrial investment survey. At 0800GMT, ECB Governing Council member Josef Makuch is to give a presentation on the recent state of the banking union set-up, in Bratislava. Also, Germany's lower house of parliament, the Bundestag, is scheduled to vote on a bill on implementing the EU fiscal pact in Germany; Finance Minister Wolfgang Schaeuble likely to speak, in Berlin. Further data is expected at 0900GMT, with the release of Italian September industrial output. Also at 0900GMT, there is an Ecofin meeting on EU '13 budget,in Brussels, ahead of next week's Leaders meet. Data starts just ahead of 0700GMT, with the release of the John Lews weekly store sales data in the UK. UK data released at 0930GMT includes September Construction Output and the September Trade Balance. Further UK data is expected at 1000GMT, with the release of the October Conference Board Leading Indicator.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2757 -0,10%
GBP/USD $1,5982 -0,01%
USD/CHF Chf0,9458 +0,13%
USD/JPY Y79,46 -0,67%
EUR/JPY Y101,28 -0,86%
GBP/JPY Y126,99 -0,67%
AUD/USD $1,0405 -0,03%
NZD/USD $0,8151 -0,37%
USD/CAD C$1,0002 +0,35%
00:30 Australia RBA Monetary Policy Statement IV quarter
01:00 New Zealand REINZ Housing Price Index, m/m October +0.6% +1.5%
01:30 China CPI y/y October +1.9% +1.9% +1.7%
01:30 China PPI y/y October -3.6% -2.7% -2.8%
05:00 Japan Consumer Confidence October 40.1 39.7
05:30 China Industrial Production y/y October +9.2% +9.5%
05:30 China Retail Sales y/y October +14.2% +14.4%
07:00 Germany CPI, m/m (finally) October 0.0% 0.0%
07:00 Germany CPI, y/y (finally) October +2.0% +2.0%
07:45 France Industrial Production, m/m September +1.5% -0.9%
07:45 France Industrial Production, y/y September -0.9% -0.2%
13:30 U.S. Import Price Index October +1.1% 0.0%
14:55 U.S. Reuters/Michigan Consumer Sentiment Index (preliminary) November 82.6 82.6
15:00 U.S. Wholesale Inventories September +0.5% +0.4%
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