Analytics, News, and Forecasts for CFD Markets: currency news — 12-02-2013.

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12.02.2013

19:20

American focus: the value of the yen has increased significantly

The yen rose against the dollar and the euro, after representatives of the G-7 said that the report on the exchange rate was misunderstood, so you should consider this situation as a sign of concern about the excessive changes in the value of Asian currencies. G-7 also noted that the concerned single solenoid yen. Meanwhile, it was announced that the matter would be discussed at a meeting of G-20, which will be held this weekend. At the same time, the G-7 promised to avoid devaluation of the exchange rate in the pursuit of economic growth.

The pound fell to a six-month low against the dollar at a time when many market participants expect lowering growth forecast by the Bank of England tomorrow. Sterling also fell against most other major currencies, as the message of slowing growth, which is likely to be announced tomorrow's quarterly report may indicate that interest rates will remain at record low levels.

The Swiss franc was little changed against the euro, even after the Swiss National Bank has said it will continue to hold the franc against the euro at CHF1, 20, and, if necessary, will be ready to take additional measures.

The Canadian dollar was higher against the U.S. dollar, departing from the values for this month, after Chinese Cnooc Ltd was authorized to purchase U.S. assets Nexen Inc, breaking the recent regulatory hurdles, completing the deal on acquisition of Canadian oil producer for $ 15.1 billion Note that the growth rates continued even despite the fact that the head of the Bank of Canada Governor Mark Carney said that the need to raise interest rates now less imminent than previously thought.

19:00

U.S.: Federal budget , January 2.9 (forecast -4.6)

13:53

Option expiries for today's 1400GMT cut

EUR/USD $1.3360, $1.3390, $1.3400, $1.3425, $1.3450, $1.3500, $1.3550

USD/JPY Y92.50, Y93.00, Y93.60, Y93.70, Y94.00

GBP/USD $1.5800

EUR/GBP stg0.8550, stg0.8555

EUR/CHF Chf1.2400

AUD/USD $1.0200, $1.0260, $1.0400

AUD/NZD NZ$1.2330

AUD/JPY Y95.00

13:40

European session: the euro rose

08:15 Switzerland Consumer Price Index (MoM) January -0.2% -0.3% -0.3%

08:15 Switzerland Consumer Price Index (YoY) January -0.4% -0.3% -0.3%

09:00 Eurozone ECOFIN Meetings -

09:30 United Kingdom HICP, m/m January +0.5% -0.5% -0.5%

09:30 United Kingdom HICP, Y/Y January +2.7% +2.8% +2.7%

09:30 United Kingdom HICP ex EFAT, Y/Y January +2.4% +2.4% +2.3%

09:30 United Kingdom Retail Price Index, m/m January +0.5% -0.5% +0.4%

09:30 United Kingdom Retail prices, Y/Y January +3.1% +3.2% +3.3%

09:30 United Kingdom RPI-X, Y/Y January +3.0% +3.1% +3.3%

09:30 United Kingdom Producer Price Index - Input (MoM) January -0.2% +0.8% +1.3%

09:30 United Kingdom Producer Price Index - Input (YoY) January +0.3% +1.0% +1.8%

09:30 United Kingdom Producer Price Index - Output (MoM) January -0.1% +0.3% +0.2%

09:30 United Kingdom Producer Price Index - Output (YoY) January +2.2% +2.0% +1.4%

10:00 Switzerland SNB Chairman Jordan Speaks -

10:30 United Kingdom BOE Inflation Letter February

The euro strengthened and raised to a new 3-day high against the dollar amid recovery crosses: EUR / JPY and EUR / CHF rose to the statement of G7 and the comments Jordan.

The yen weakened against the dollar and euro after earlier on Tuesday issued a statement G7, indicating that exchange rates should be determined by market forces, and the central banks are trying to weaken the national currency.

French Finance Minister Pierre Moscovici yesterday warned of the growing influence of the euro on European growth. However, the representatives of Germany, who quickly responded that it is impossible to manipulate the currency exchange rate, have objected to it. Subsequently, many are concerned that rhetoric, and this was reflected in a statement today B7.

Growth in the euro / franc took place immediately after the head of the SNB's Jordan stressed that urgent action is not necessary, thus separating the target rate of "currency wars" and confirmed that the SNB did what at the time needed national economy.

The euro debt auctions have peripheral countries, particularly Spanish bond auction showed decent demand. Spain on Tuesday sold E5.57 billion of bonds 6 and 12-month-old with a yield similar to the yield at the previous auction. Total demand reached 13,311 billion.

The British pound fell to a six-month low against the dollar after the consumer price index in the UK in January, up 2.7% compared to the same period of the previous year, as a month earlier. Thus, the annual inflation rate in the UK in January, firmly held above the target level of the Bank of England. At the same time there are signs of improvement in consumer prices in the coming months due to continued growth in energy prices in the country and the price of imported materials.

EUR / USD: during the European session, the pair rose to a maximum of $ 1.3446

GBP / USD: during the European session the pair fell to the low of $ 1.5570

USD / JPY: during the European session the pair rose to Y94.41

At 19:00 GMT the United States will be released monthly performance report for January. At 23:30 GMT Australia is to publish an index of consumer confidence from Westpac in February. At 23:50 GMT Japan will index of activity in the services sector in December.

13:28

Orders

EUR/USD

Offers $1.3520/25, $1.3500, $1.3480/85

Bids $1.3350, $1.3330/20, $1.3300

GBP/USD

Offers $1.5710, $1.5690/700, $1.5645/50, $1.5630

Bids $1.5570, $1.5555/40

AUD/USD

Offers $1.0375/80, $1.0345/50, $1.0295/00, $1.0255/60

Bids $1.0200, $1.0180, $1.0150, $1.0110/00

EUR/JPY

Offers Y128.50, Y128.00, Y127.45/50, Y127.00

Bids Y126.30/25, Y126.10/00, Y125.35/30 , Y125.00 , Y124.60/50

USD/JPY

Offers Y95.00, Y94.75, Y94.50

Bids Y94.05/00, Y93.70, Y93.50, Y93.20, Y93.05/00

EUR/GBP

Offers stg0.8685/90, stg0.8660/65, stg0.8640/45

Bids stg0.8540, stg0.8520/15

11:22

GREECE T-BILL AUCTION RESULTS:

PDMA sold E1.3bln; E300mln to non-comps - E1.3bln 13-week T-bill; avg yield 4.05% (4.07%), cover 1.76 (1.75)

11:11

ITALY T-BILL AUCTION RESULTS:

Italy Sold E8.5bln 12-month BOT at average yield 1.094% (0.864%), bid-to-cover 1.38 (1.79).

11:05

SPAIN T-BILL AUCTION RESULTS:

Sold E5.57bln vs target E1.5-E2.5bln

- E2.547bln 6-month Letra; bid-to-cover 2.88 vs 3.85 prev

- E3.024bln 12-month Letra; bid-to-cover 1.98 vs 2.46 prev

Sold 6-month Letra at avg yield 0.859% (0.888%); Tail 2.1bps (3.2bps)

Sold 12-month Letra at avg yield 1.548% (1.472%); Tail 3.2bps (4.8bps)

10:43

GERMAN AUCTION RESULTS:

Germany alloted E953mln of 0.75% Apr 2018 Boblei issue Tuesday at real yield of -0.78%, cover 1.9 vs 1.5 previous.

10:41

U.K. January inflation unchanged at 2.7%

U.K. inflation has been at 2.7 percent since October, the Office for National Statistics reported Tuesday. This was the longest period for which consumer price growth has remained unchanged, it said.

The rate continues to hover above the central bank's 2 percent target.

On a monthly basis, consumer prices dropped 0.5 percent in January, offsetting December's 0.5 percent rise.

Retail price inflation accelerated to 3.3 percent, in line with forecast, from 3.1 percent a month ago. Similarly, excluding interest payments, retail prices were up 3.3 percent, following a 3 percent rise in December.

Core inflation that excludes energy, food, alcoholic beverages and tobacco, slowed marginally to 2.3 percent from 2.4 percent in December.

10:30