Analytics, News, and Forecasts for CFD Markets: currency news — 11-04-2012.

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  • Activity in the manufacturing sector continued to grow in most regions

  • Manufacturers are optimistic about economic growth, but concerned about oil prices

  • Warm weather contributed to the growth of retail sales

  • Prospects encouraging household spending, gas prices cause concern

  • Sales of new cars strong, active in the tourism sector has grown

  • Residential real estate market showed some improvement

  • Banking conditions are stable, there is some improvement in demand for loans

  • The rate of employment is stable or show moderate growth in many regions

  • The pressure in the limited salaries, general inflation has reserved

The euro strengthened from a seven- week low against the yen as Spain’s bonds climbed after a board member of the European Central Bank indicated it may buy the nation’s debt to reduce borrowing costs. Europe’s shared currency gained versus the dollar after Italy sold 11 billion euros ($14.4 billion) of bills, meeting the target for the auction. The yield on Spain’s 10-year bond fell from the highest since Dec. 12 today. The rate has jumped almost 1 percentage point since March 2, when Prime Minister Mariano Rajoy said the country would miss its 2012 deficit goal approved by the European Union. Italian 10-year yields fell 15 basis points, or 0.158 percentage point, to 5.54 percent after touching 5.73 percent, the highest level since Feb. 16.

The yen weakened against all but one of its 16 most-traded peers amid speculation the Bank of Japan will add to monetary easing later this month.

Britain’s pound strengthened after a report showed U.K. retail sales rose in March. It advanced 0.3 percent to $1.5903, and climbed as much as 0.5 percent, the most since March 30. Retail sales at U.K. stores open at least 12 months, measured by value, gained 1.3 percent from a year earlier, after sliding 0.3 percent in February, the London-based British Retail Consortium said today.

EUR/USD $1.3025, $1.3080, $1.3100, $1.3145, $1.3200

USD/JPY Y81.00, Y81.50, Y81.65

EUR/GBP stg0.8260

USD/CHF  Chf0.9140

AUD/USD $1.0250, $1.0300, $1.0425

GBP/USD $1.5900, $1.5800

NZD/USD $0.8280

U.S. stock futures rose after Alcoa (AA) Inc. reported an unexpected first-quarter profit.

Alcoa - the first company in the Dow Jones Industrial Average to report quarterly results. Shares of Alcoa climbed 5.32% $9.82.

Global Stocks:

Nikkei  9,458.74 -79.28 -0.83%

Hang Seng 20,140.67 -215.57 -1.06%

Shanghai Composite 2,308.92 +3.06 +0.13%

FTSE  5,635.75 +40.20 +0.72%

CAC  3,262.79 +45.19 +1.40%

DAX 6,701.21 +94.78 +1.43%

Crude oil $101.34 (+0.32%).

Gold $1659.70 (-0,06%).

EUR/USD
Offers $1.3280, $1.3240/50, $1.3220, $1.3195/200, $1.3155/70
Bids $1.3090, $1.3065/50, $1.3035/30, $1.3020,  $1.3005/00, $1.2980/70

GBP/USD
Offers $1.6000/10, $1.5980/85, $1.5960/65, $1.5950
Bids $1.5885/80, $1.5810/00

USD/JPY
Offers Y81.85/90, Y81.60/65, Y81.25/30, Y80.90/95
Bids Y80.50, Y80.30/25, Y80.10/00, Y79.80/75

EUR/GBP
Offers stg0.8320/25, stg0.8300, stg0.8275/80
Bids stg0.8235/30, stg0.8225/20, stg0.8200, stg0.8180/75

AUD/USD
Offers $1.0460/70, $1.0425/30, $1.0380/00, $1.0355/60, $1.0330/35
Bids $1.0255/45, $1.0225, $1.0200, $1.0150

EUR/JPY
Offers Y107.45/50, Y107.15/20, Y106.95/00, Y106.75/80, Y106.50/55
Bids Y105.50/40, Y104.75/70, Y104.50

Resistance 3: Y81.90 (Apr 10 high, МА (200) for Н1)
Resistance 2: Y81.20 (Apr 9 low)
Resistance 1: Y81.00 (session high, resistance line from Apr 6)
Current price: Y80.97
Support 1: Y80.60 (session low, low of March)
Support 1: Y80.20 (Feb 29 low)
Support 3: Y80.00 (Feb 28 low)

Resistance 3: Chf0.9250 (Mar 16 high)
Resistance 2: Chf0.9210/20 (area of Apr 5, 9-10 highs)
Resistance 1: Chf0.9180 (intraday high)
Сurrent price: Chf0.9141
Support 1: Chf0.9120 (МА (200) for Н1)
Support 2: Chf0.9110 (50,0 % FIBO Chf0,9000-Chf0,9220)
Support 3: Chf0.9090 (61,8 %% FIBO Chf0,9000-Chf0,9220)

Resistance 3 : $1.6060 (Apr 2 high)
Resistance 3 : $1.5960 (61,8 % FIBO $1,6060-$ 1,5800)
Resistance 1 : $1.5930/40 (session high, 50,0 % FIBO $1,6060-$ 1,5800)
Current price: $1.5926
Support 1 : $1.5800 (intraday low)
Support 2 : $1.5850 (session low)
Support 3 : $1.5810/00 (Mar 26, Apr 5 and 10 lows, support line from Jan 13)

Resistance 3 : $1.3220 (area МА (200) for Н4)
Resistance 2 : $1.3180 (area МА (200) for Н1)
Resistance 1 : $1.3150/50 (area of session high and Apr 10 high)
Current price: $1.3143
Support 1 : $1.3070 (session low, support line from Apr 9)
Support 2 : $1.3030 (Apr 5 and 9 lows)
Support 3 : $1.3000 (low of March)

EUR/USD $1.3025, $1.3080, $1.3100, $1.3145, $1.3200

USD/JPY Y81.00, Y81.50, Y81.65

EUR/GBP stg0.8260

USD/CHF  Chf0.9140

AUD/USD $1.0250, $1.0300, $1.0425

GBP/USD $1.5900, $1.5800

NZD/USD $0.8280

00:30 Australia Westpac Consumer Confidence April 96.1 94.5

01:30 Australia Home Loans February -1.2% -3.7% -2.5%

05:00 Japan BoJ monthly economic report April

The euro traded 0.4 percent from a three-week low against the greenback after a jump in Italian borrowing costs stoked concern that Europe’s debt crisis is worsening. The 17-nation currency earlier touched the least in seven weeks versus the yen before Italy sells 11 billion euros ($14.4 billion) of bills today and longer-term debt tomorrow. Ten-year yields in Italy, Europe’s third-biggest economy, rose 23 basis points to 5.69 percent yesterday, the highest level since Feb. 17 and the biggest increase since Dec. 19. The nation will sell as much as 3 billion euros of 91-day bills and 8 billion euros of 361-day bills today, followed by auctions tomorrow of debt due in 2015, 2020 and 2023. Spain’s 10-year yields touched 5.99 percent yesterday, the most since Dec. 12. Economy Minister Luis de Guindos declined to rule out a rescue for Spain and central bank Governor Miguel Angel Fernandez Ordonez said the nation’s lenders may need additional capital if the economy weakens more than expected.

The Australian and New Zealand dollars rallied as Standard and Poor’s 500 Index futures advanced, signaling the underlying gauge may halt a five-day drop, supporting demand for riskier assets.

New Zealand’s dollar rebounded from a one-month low against the yen after data showed business confidence improved in the first quarter, adding to signs the country’s economy remains resilient. In New Zealand, a net 13 percent of 797 companies surveyed expect the economy will improve over the next six months, from zero percent in the fourth-quarter survey, the New Zealand Institute of Economic Research Inc. said today in Wellington. The net figure subtracts the proportion of pessimists from optimists.

The Australian dollar’s 14-day relative strength index versus the yen yesterday touched the 30 level that some traders see as signaling an asset may reverse direction.

EUR/USD: during the Asian session the pair gain to $1.3100.

GBP/USD: during the Asian session the pair gain to $1.5900.

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

US data starts at 1230GMT, the US Import Price Index data is due. Both the weekly EIA crude oil and gas stocks data are due at 1430GMT. Also at 1430GMT, Boston Fed President Eric Rosengren will speak at the Atlanta Fed's Financial Markets Conference, chairing a discussion of Money Market Mutual Funds, in Stone Mountain. The US 10-year auction is due at 1700GMT, while at 1800GMT both  the latest FOMC Beige Book survey and also the Treasury Dept Monthly Budget Statement are due. Later on, at 2330GMT, Federal Reserve Vice Chair Janet Yellen speaks to the New York University Money Marketeers on "The Economic Outlook and Monetary Policy".

Yesterday the yen rose for a fifth day versus the dollar and the euro after Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery is far from complete, spurring demand for haven amid bets the central bank will add stimulus. The Japanese currency advanced against all of its 16 most- traded peers after the Bank of Japan refrained from easing monetary policy. The Bank of Japan kept its key rate between zero and 0.1 percent and left unchanged its 30 trillion-yen ($370 billion) asset-purchase fund. No board member proposed additional easing at the two-day meeting concluded, the central bank said. The yen has weakened 4.2 percent against the dollar since the Bank of Japan set a 1 percent inflation goal on Feb. 14 and increased its planned purchases of government bonds.

The euro fell to the lowest level in a month against the yen before Italy auctions bonds this week amid concern the region’s debt crisis is spreading. Italy will sell 11 billion euros ($14.4 billion) of bills, followed by an offering of debt due from 2015 to 2023. Spain’s 10-year yields jumped more than 40 basis points last week, the biggest surge since the five days ended Jan. 6, as Prime Minister Mariano Rajoy said the nation is in “extreme difficulty.” Spanish banks may need additional capital if the economy weakens more than expected, Bank of Spain Governor Miguel Angel Fernandez Ordonez said at a conference in Madrid as he warned the recovery will be slow. Spanish lenders have made provisions of 112 billion euros in the four years through 2011, and that figure will rise to 147 billion euros once tighter rules approved in February have been implemented, Ordonez said. If the economy recovers, that will be “more than enough,” he said.

EUR/USD: yesterday the pair decreased, traded below $1.3100.

GBP/USD: yesterday the pair fell to a low of the last week, however was restored later.

USD/JPY: yesterday the pair fell to a figure, below Y81.00.

US data starts at 1230GMT, the US Import Price Index data is due. Both the weekly EIA crude oil and gas stocks data are due at 1430GMT. Also at 1430GMT, Boston Fed President Eric Rosengren will speak at the Atlanta Fed's Financial Markets Conference, chairing a discussion of Money Market Mutual Funds, in Stone Mountain. The US 10-year auction is due at 1700GMT, while at 1800GMT both  the latest FOMC Beige Book survey and also the Treasury Dept Monthly Budget Statement are due. Later on, at 2330GMT, Federal Reserve Vice Chair Janet Yellen speaks to the New York University Money Marketeers on "The Economic Outlook and Monetary Policy".

Resistance 3: Y82.55 (Apr 6 high)

Resistance 2: Y81.85 (Apr 10 high)

Resistance 1: Y81.20 (Apr 9 low)

The current price: Y80.72

Support 1: Y80.60 (Apr 10 low)

Support 2: Y80.00 (Feb 28 low)

Support 3: Y79.35 (Feb 20 low)

Resistance 3: Chf0.9255 (Mar 16 high)

Resistance 2: Chf0.9220 (Apr 5 high)

Resistance 1: Chf0.9195 (session high)

The current price: Chf0.9176

Support 1: Chf0.9140 (Apr 5-10 low)

Support 2: Chf0.9095 (Apr 4 low)

Support 3: Chf0.9070 (Apr 2 high)

Resistance 3 : $1.6045 (Apr 3 high)

Resistance 2 : $1.5975 (high of the American session on Apr 3)

Resistance 1 : $1.5930 (Apr 10 high)

The current price: $1.5877

Support 1 : $1.5850 (session low)

Support 2 : $1.5805 (Apr 5-10 low)

Support 3 : $1.5770 (Mar 22 low)

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

Resistance 2 : $1.3165 (Apr 5 high)

Resistance 1 : $1.3135 (Apr 9 high)

The current price: $1.3090

Support 1 : $1.3065 (session low)

Support 2 : $1.3030 (Apr 9 low)

Support 3 : $1.3000 (psychological level)

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

EUR/USD $1,3081 -0,21%

GBP/USD $1,5859 -0,23%

USD/CHF Chf0,9185 +0,21%

USD/JPY Y80,72 -1,04%

EUR/JPY Y105,60 -1,24%

GBP/JPY Y128,02 -1,26%

AUD/USD $1,0254 -0,53%

NZD/USD $0,8156 -0,72%

USD/CAD C$1,0041 +0,72%

00:30 Australia Westpac Consumer Confidence April 96.1

01:30 Australia Home Loans February -1.2% -3.7%

05:00 Japan BoJ monthly economic report April

12:15 Canada Housing Starts March 201 202

12:30 U.S. Import Price Index March +0.4% +0.8%

14:30 U.S. EIA Crude Oil Stocks change 06.04.2012 +9.0

18:00 U.S. Federal budget March -231.7 -207.5

18:00 U.S. Fed's Beige Book -

21:30 U.S. FOMC Member Yellen