- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: currency news — 11-12-2012.
The euro strengthened for a second day against the dollar after a German report showed investor confidence jumped this month. The 17-nation currency rose versus all except two of its 16 major counterparts.
Spain sold a combined 3.89 billion euros of 12- and 18- month bills, the central bank said. That compared with its maximum target of 3.5 billion euros. It sold the 12-month securities at an average yield of 2.556 percent, compared with 2.797 percent on Nov. 20.
The ZEW Center for European Economic Research in Mannheim said its index of German investor and analyst expectations climbed to 6.9 this month from minus 15.7 in November. Economists forecast a gain to minus 11.5, according to a survey.
The Dollar Index fell the most in a week as 48 of 49 economists in a survey expect the Federal Reserve will expand its bond buying program at a two-day meeting starting today. The Dollar Index, which tracks the greenback versus the currencies of six U.S. trading partners, fell 0.3 percent to 80.103, the biggest drop since Dec. 4.
The dollar fell against most of its major peers before the Federal Open Market Committee begins its last meeting for 2012 today. The central bank will increase accommodation by announcing $45 billion in monthly Treasury buying in addition to the existing program of $40 billion a month of mortgage-backed securities, according to a Bloomberg survey of economists. That will push its balance sheet almost to $4 trillion.
The Swiss franc fell against the euro as UBS AG joined Credit Suisse Group AG in saying it will charge bank clients for deposits made in the currency. UBS, Switzerland’s biggest bank, said it will start charging financial institutional clients for cash balances held in francs from Dec. 21. The amounts will be communicated individually to clients within days the bank said, adding that “we encourage our customers to keep their Swiss franc balances as low as possible.” The franc dropped last week as Credit Suisse was said to set a negative rate of as much as minus 1 percent on balances held in the currency.
The U.S. recession may require response from monetary policy in Canada
According to forecasts, the budget break in the U.S. will avoid
If the budget can not avoid failure, the U.S. expects recession
Housing prices in some cities are too high
The global financial system is more secure, but security should be even higher
The EUR / USD rose to 1.3007, which has met strong resistance - MA (200) for H1. In the U.S. session, the pair kept in 1.3000, while failing to overcome this level. Investors are still waiting for any progress in negotiations on the "financial cliff" in the U.S. and future decisions on monetary policy the Fed.
EUR/USD $1.2800, $1.2850, $1.2900, $1.2950, $1.2965
USD/JPY Y82.20, Y82.50
GBP/USD $1.5990, $1.6150, $1.6200
EUR/GBP stg0.8095
AUD/USD $1.0350, $1.0390, $1.0500, $1.0525Data
00:01 United Kingdom RICS House Price Balance November -7% -5% -9%
00:30 Australia National Australia Bank's Business Confidence November -1 -9
06:30 France Non-Farm Payrolls Quarter III -0.3% -0.3% -0.3%
08:00 China New Loans November 505 550 523
10:00 Germany ZEW Survey - Economic Sentiment December -15.7 -11.4 6.9
10:00 Eurozone ZEW Economic Sentiment December -2.6 0.1 7.6
The euro strengthened for a second day against the dollar after a report showed that the level of confidence among German investors rose in December, as well as the background of the fact that Spain has sold treasury bills for a total of 3.89 billion euros, which was above the target range of 2.5-3.5 billion euros. ZEW Center for European Economic Research in Mannheim said its index of German confidence rose in December to 6.9 from -15.7 in November, while economists expected an increase to -11.5.
The single currency rose against all but one of its 16 major counterparts as Europe's largest economy gave signs of improvement, with growth causing speculation that the country will avoid a recession, but only in the event that the debt crisis does not worsen further.
The dollar index fell sharply against the background of what economists have identified the assumption that the Federal Reserve will resort to the expansion of monetary stimulus in the two-day meeting, which begins today.
The Swiss franc fell against the euro, as UBS AG (UBSN) joined Credit Suisse Group AG, speaking at the same time that will charge customers of the bank deposits in foreign currency.
EUR / USD: during the European session, the pair has grown substantially, reaching $ 1.2997
GBP / USD: during the European session, rose to $ 1.6100, updating the yesterday's high
USD / JPY: during the European session, the pair rose to Y82.55, but then fell to Y82.42
At 13:30 GMT in Canada will present data on the trade balance for October. At the same time, the U.S. will become aware of the trade balance for October. At 18:00 GMT the U.S. puts 10-year bonds. At 21:30 GMT, the U.S. announced the change of volume of crude oil, according to the API in December. At 23:50 GMT, Japan will report a change in orders for machinery and equipment in October.
EUR/USD
Offers $1.3040/60, $1.2990/020, $1.2980
Bids $1.2920, $1.2900, $1.2880/75
GBP/USD
Offers $1.6200, $1.6170/80, $1.6150, $1.6120, $1.6090
Bids $1.6070, $1.6025/20, $1.6000
AUD/USD
Offers $1.0575, $1.0550, $1.0525, $1.0495/00
Bids $1.0465/60, $1.0450, $1.0440, $1.0425/20, $1.0410/00
EUR/GBP
Offers stg0.8120/25, stg0.8100, stg0.8085, stg0.8070/75
Bids stg0.8035/30, stg0.8020, stg0.8005/00
EUR/JPY
Offers Y108.39, Y107.50, Y107.35/40, Y107.20
Bids Y106.40, Y106.00, Y105.80
USD/JPY
Offers Y83.50, Y83.00, Y82.55/56
Bids Y82.15/10, Y82.00, Y81.80
The dollar weakened against most its major counterparts amid better-than-forecast factory data from China and bets the U.S. central bank will add to monetary stimulus.
The U.S. currency fell versus the euro and the yen before the Federal Reserve starts a policy meeting tomorrow amid forecasts it will expand bond-buying plans.
The U.S. Federal Open Market Committee meets for the last time this year on Dec. 11-12. It will consider whether to expand purchases of assets after its so-called Operation Twist program of swapping $45 billion a month in short-term Treasuries for long-term debt expires this month.
Japan’s currency touched the highest in almost two weeks versus the euro after Italy’s Prime Minister Mario Monti said he intends to resign. Mexico’s peso advanced after a report showed exports increased 13 percent from a year earlier.
Italy’s Monti will attempt to convince his coalition, which includes his predecessor Silvio Berlusconi’s People of Liberty Party, to vote to pass budget legislation before handing in his “irrevocable resignation,” national President Giorgio Napolitano’s office said Dec. 8.
Canada’s dollar strengthened after the government approved Cnooc Ltd.’s $15.1 billion purchase of energy company Nexen Inc. and signed off on Malaysian Petroliam Nasional Bhd.’s purchase of Progress Energy Resources Corp. on Dec. 7.
00:01 United Kingdom RICS House Price Balance November -7% -5% -9%
00:30 Australia National Australia Bank's Business Confidence November -1 -9
The dollar remained lower against the yen and euro amid speculation the Federal Reserve will expand monetary stimulus at a two-day meeting starting today. In the U.S., the Federal Open Market Committee begins its last meeting for 2012 today. The central bank will amplify record accommodation by announcing $45 billion in monthly Treasury buying that will push its balance sheet almost to $4 trillion, according to a Bloomberg survey of economists.
Demand for the relative safety of the world’s reserve currency was limited as investors weighed prospects for a U.S. budget deal. The 17-nation euro traded near a two-week low versus the yen before a German survey of investor confidence today that’s forecast to show a negative index figure for a seventh-consecutive month. In Germany, the ZEW Center for European Economic Research will probably say today its index of expectations among German investors and analysts was at minus 11.5 this month from minus 15.7 in November, according to the median estimate of economists in a Bloomberg survey. A separate gauge assessing the current economic situation may rise to 6 from 5.4 last month, another poll shows. European Union heads of government will hold a summit on Dec. 13-14 in Brussels.
EUR / USD: during the Asian session, the pair rose to $ 1.2960.
GBP / USD: during the Asian session, the pair rose to $ 1.6090.
USD / JPY: during the Asian session, the pair traded in the range of Y82.30-45.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2940 +0,09%
GBP/USD $1,6074 -0,12%
USD/CHF Chf0,9333 -0,09%
USD/JPY Y82,36 -0,08%
EUR/JPY Y106,55 -0,02%
GBP/JPY Y132,35 +0,14%
AUD/USD $1,0487 0,00%
NZD/USD $0,8347 +0,26%
USD/CAD C$0,9863 -0,46%
00:01 United Kingdom RICS House Price Balance November -7% -5% -9%
00:30 Australia National Australia Bank's Business Confidence November -1 -9
06:00 Japan Prelim Machine Tool Orders, y/y November -6.7%
06:30 France Non-Farm Payrolls Quarter III -0.3% -0.3%
08:00 China New Loans November 505 550
10:00 Germany ZEW Survey - Economic Sentiment December -15.7 -11.4
10:00 Eurozone ZEW Economic Sentiment December -2.6 0.1
13:30 Canada Trade balance, billions October -0.8 -1.2
13:30 U.S. International trade, bln October -41.5 -42.4
23:30 Australia Westpac Consumer Confidence December +5.2%
23:30 Japan Core Machinery Orders October -4.3% +3.1%
23:50 Japan Tertiary Industry Index October +0.3% -0.3%
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
