Analytics, News, and Forecasts for CFD Markets: currency news — 10-09-2012.

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10.09.2012

19:00

U.S.: Consumer Credit , July -3.3 (forecast 9.1)

18:02

American focus: euro fell

The single currency fell against most of its 16 major counterparts ahead of the German decision on the rules of the country's participation in the fund saving Europe, which will be announced on September 12.

The Australian dollar fell after a report showed that Japan's economy expanded in the second quarter to two times less than originally expected, thus causing a decline in demand for riskier assets.

Greek Prime Minister Antonis Samaras to meet with officials from the euro zone, the European Central Bank and the International Monetary Fund today.

The leader of the Democratic Left Party leaders Fotis Kouvelis, whose party is one of three in the coalition government, said that no decision on the reduction of costs, and that the poorer Greeks must be protected against austerity measures. The three leaders agreed to meet again on September 12, two days before the euro zone ministers will gather in Cyprus to discuss the situation in Greece.

The dollar strengthened against most major currencies in anticipation of the report of the Ministry of Trade, which is expected to show that the U.S. trade deficit widened to $ 44.4 billion in July from $ 42.9 billion in June.

Pound halted a three-day decline against the euro amid concern that the debt crisis in the region will deteriorate, and by signs that the UK economy out of recession. Sterling rose against the euro today, even after a report showed that business confidence fell to a record low in August.

16:19

GBP/USD The British pound is trading on an intraday high of $ 1.6010/20 $1.6010/20

13:45

Option expiries for today's 1400GMT cut:

EUR/USD $1.2760, $1.2750

USD/JPY Y78.50, Y78.75, Y79.20

EUR/JPY Y100.05

GBP/USD $1.5750

EUR/SEK Sek8.4745

AUD/USD $1.0400, $1.0340, $1.0300

12:15

European session: the euro down

Data

01:30 Australia Home Loans July +1.3% +0.1% -1.0%

03:00 China Trade Balance, bln August 25.1 19.7 26.7

05:00 Japan Consumer Confidence August 39.7 39.6 40.5

06:00 Japan Eco Watchers Survey: Current August 44.2 43.6 43.6

06:00 Japan Eco Watchers Survey: Outlook August 44.9 44.4 43.6

06:45 France Industrial Production, m/m July 0.0% -0.5% +0.2%

06:45 France Industrial Production, y/y July -2.3% -3.7% -3.1%

08:30 Eurozone Sentix Investor Confidence September -30.3 -29.6 -23.2

The euro fell for the first time in four days against the dollar as Greece's coalition failed to reach an agreement on reducing the cost of 11.5 billion euros ($ 14.7 billion), while renewing fears that the debt crisis will continue to worsen.
The single currency fell against most of its 16 major counterparts ahead of the German decision on the rules of the country's participation in the fund saving Europe, which will be announced on September 12.
The Australian dollar fell after a report showed that Japan's economy expanded in the second quarter to two times less than originally expected, thus causing a decline in demand for riskier assets.
Greek Prime Minister Antonis Samaras to meet with officials from the euro zone, the European Central Bank and the International Monetary Fund today.
The leader of the Democratic Left Party leaders Fotis Kouvelis, whose party is one of three in the coalition government, said that no decision on the reduction of costs, and that the poorer Greeks must be protected against austerity measures. The three leaders agreed to meet again on September 12, two days before the euro zone ministers will gather in Cyprus to discuss the situation in Greece.
The dollar strengthened against most major currencies in anticipation of the report of the Ministry of Trade, which is expected to show that the U.S. trade deficit widened to $ 44.4 billion in July from $ 42.9 billion in June.
Pound halted a three-day decline against the euro amid concern that the debt crisis in the region will deteriorate, and by signs that the UK economy out of recession. Sterling rose against the euro today, even after a report showed that business confidence fell to a record low in August.

EUR/USD: during the European session, the pair is trading slightly lower
GBP/USD: the pair grown, reaching a high of $ 1.6017, but then fell sharply, updating the minimum session
USD/JPY: the pair slightly rose by setting high at Y78.33, and then began a slight downward movement

At 23:01 GMT the UK will house price balance of RICS in August. At 23:50 GMT, Japan will issue BSI index of business conditions for large manufacturers and large enterprises in all sectors of the 3rd quarter.

11:31

Orders

EUR/USD

Offers $1.2850, $1.2835/40, $1.2820/25

Bids $1.2750, $1.2710/00, $1.2690

GBP/USD

Offers $1.6100, $1.6080, $1.6050/60

Bids $1.5970, $1.5950, $1.5930/20, $1.5905/00, $1.5880/70, $1.5850

AUD/USD

Offers $1.0450, $1.0420

Bids $1.0250, $1.0215, $1.0170

EUR/JPY

Offers Y100.60/70, Y100.50

Bids Y 99.80/70, Y 99.10/00, Y 98.80

USD/JPY

Offers Y79.50, Y78.50

Bids Y78.05/00, Y77.90, Y77.65

EUR/GBP

Offers stg0.8080, stg0.8050, stg0.8015/20

Bids stg0.7970, stg0.7945/40, stg0.7885/80

09:31

Option expiries for today's 1400GMT cut

EUR/USD $1.2760, $1.2750

USD/JPY Y78.50, Y78.75, Y79.20

EUR/JPY Y100.05

GBP/USD $1.5750

EUR/SEK Sek8.4745

AUD/USD $1.0400, $1.0340, $1.0300

08:30

Eurozone: Sentix Investor Confidence, September -23.2 (forecast -29.6)

07:37

Asian session: The euro declined

01:30 Australia Home Loans July +1.3% +0.1% -1.0%

03:00 China Trade Balance, bln August 25.1 19.7 26.7

05:00 Japan Consumer Confidence August 39.7 39.6 40.5

06:00 Japan Eco Watchers Survey: Current August 44.2 43.6 43.6

06:00 Japan Eco Watchers Survey: Outlook August 44.9 44.4 43.6

The euro declined, snapping a three-day advance, amid renewed concerns about the region’s debt woes before Greece’s Prime Minister Antonis Samaras meets officials from the nation’s creditors. The common currency slid against most of its 16 major peers after Samaras failed to secure agreement from his coalition partners on 11.5 billion euros ($14.7 billion) of spending cuts required by lenders to his country. Samaras is due to meet officials from the euro area, the European Central Bank and International Monetary Fund today.
The Dollar Index (DXY) was 0.2 percent from a four-month low after a report last week showed U.S. jobs growth slowed, boosting speculation the Federal Reserve will undertake a third round of bond buying. Labor Department figures showed on Sept. 7 that nonfarm payrolls increased by 96,000 in August, down from a revised 141,000 the previous month. The unemployment rate was 8.1 percent, compared with 8.3 percent in July.

EUR/USD: during the Asian session the pair fell, retreating from Friday's high.
GBP/USD: during the Asian session the pair fell below $ 1.6000.
USD/JPY: during the Asian session, the pair traded in the range of Y78.15-25.

European data starts at 0630GMT with the France BoF business survey, followed at 0645GMT by France industrial output data. The final reading of Italian Q2 GDP data is due at 0800GMT. UK data sees the OECD Leading Indicator for September at 1000GMT. US data at 1900GMT sees July Consumer Credit and also August Treasury Allotments By Class data.

07:22

Forex: Friday’s review

On Friday the dollar weakened to a three-month low against the euro as U.S. employers added fewer jobs in August than forecast, boosting speculation the Federal Reserve will increase its monetary stimulus.

The Dollar Index dropped to the weakest level since May 11 as the extra liquidity from a third round of asset purchases by the U.S. central bank, known as quantitative easing, may debase the currency.
The Swiss franc fell to the weakest since January against the euro.