Analytics, News, and Forecasts for CFD Markets: currency news — 13-02-2013.

European stocks advanced for a second day, erasing an earlier drop, as companies from Heineken NV to PSA Peugeot Citroen reported better-than-estimated results and euro-area industrial output rose more than forecast.

The Stoxx Europe 600 Index rose 0.4 percent to 288.27 at the close of trading, after dropping as much as 0.3 percent.

National benchmark indexes rose in 16 of the 18 western European markets.

FTSE 100 6,359.11 +20.73 +0.33% CAC 40 3,698.53 +11.95 +0.32% DAX 7,711.89 +51.70 +0.67%

Euro-area industrial production increased more than economists forecast in December. Factory production in the 17- nation currency bloc rose 0.7 percent from November, when it declined a revised 0.7 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a gain of 0.2 percent.

Heineken added 5.7 percent to 54.93 euros, its highest price since at least October 1989. Earnings before interest and taxes, excluding some items, rose to 2.9 billion euros ($3.9 billion) from 2.7 billion euros a year earlier, the maker of Amstel lager and Strongbow cider said. That beat the median estimate for profit of 2.85 billion euros.

Peugeot, Europe’s second-biggest carmaker, advanced 7.3 percent to 6.40 euros, its biggest gain since Jan. 4. The company posted a loss before interest, taxes and one-time items of 576 million euros for 2012, down from a profit of 1.09 billion euros a year earlier. The loss was narrower than the 647 million-euro average analyst estimate.

Kabel Deutschland surged 8.8 percent to 69.17 euros, the highest price since its March 2010 initial public offering, as a person familiar with the matter said Vodafone is considering a takeover bid.

Societe Generale declined 1.17 euros to 31.50 euros. France’s second-largest bank posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside 300 million euros for legal expenses. The net loss was 476 million euros, compared with a 100 million-euro profit a year earlier, the Paris-based lender said. That was wider than the average estimate for a loss of 203 million euros.

While fuel import prices showed a notable rebound in the month of January, the Labor Department released a report Wednesday morning showing that U.S. import prices increased by less than anticipated for the month.

The report showed that import prices rose by 0.6 percent in January following a revised 0.5 percent decrease in December. Economists had expected import prices to increase by 0.8 percent compared to the 0.1 percent drop originally reported for the previous month.

Meanwhile, the Commerce Department said export prices rose by 0.3 percent in January, matching economist estimates. The increase in export prices followed a 0.1 percent dip in December.

EUR/USD $1.3325, $1.3400, $1.3410, $1.3420, $1.3430, $1.3450, $1.3470, $1.3500

USD/JPY Y93.00, Y93.25, Y93.60, Y94.00, Y94.45

EUR/JPY Y124.60

GBP/USD $1.5600, $1.5655

EUR/CHF Chf1.2250

AUD/USD $1.0250, $1.0260, $1.0280, $1.0300, $1.0400

AUD/JPY Y95.50

USD/CAD C$1.0000

Retail sales in the U.S. saw a modest increase in the month of January, according to a report released by the Commerce Department on Wednesday.

The report showed that retail sales crept up by 0.1 percent in January following a 0.5 percent increase in December. The modest increase in sales matched economist estimates.

Excluding a 0.1 percent drop in sales by motor vehicle and parts dealers, retail sales rose by 0.2 percent in January compared to a 0.3 percent increase in December.

08:15 Switzerland Producer & Import Prices, m/m January +0.1% +0.2% +0.1%

08:15 Switzerland Producer & Import Prices, y/y January +1.0% +1.0% +0.8%

10:00 Eurozone Industrial production, (MoM) December -0.7% +0.3% +0.7%

10:00 Eurozone Industrial Production (YoY) December -4.0% -2.3% -2.4%

10:30 United Kingdom BOE Gov King Speaks -

10:30 United Kingdom Bank of England Quarterly Inflation Report Quarter I

The euro rose against the dollar and hit the level of $ 1.3500 against the G20 meeting. Before meeting the G20 German officials hope that other members of the union would support a statement regarding the G20 debate on exchange rate, adding that Germany will continue to decline to structural reforms in the euro area and globally. In addition, they noted the need for more regulation of the international financial market.

Was released today on the European industrial production data showing that in December rose by 0.7% against 0.7% previously forecast and 0.2%. In annual terms, industrial production fell by 2.4% (which coincided with the forecast) versus 4% in November.

The British pound came under heavy pressure today after the Bank of England released a quarterly report on inflation, and after the show the head of the Central Bank Governor Mervyn King. The report of the Bank of England reported that UK GDP will remain below pre-crisis levels until 2015, and the CPI will exceed the target mark in the next three years. Head of CB King believes that restoring the UK economy will go more slowly, and that further monetary stimulus will support only market optimism, but not growth. The pound fell to a six-month low against the dollar after the King spoke of the need for further measures to stimulate foreign demand, while hinting that further currency depreciation would help improve the situation.

EUR / USD: during the European session, the pair rose to a maximum of $ 1.3520

GBP / USD: during the European session the pair fell to the low of $ 1.5533

USD / JPY: during the European session the pair rose to a maximum of Y93.78

At 13:30 GMT the U.S. will change the volume of retail trade, including excluding sales of cars and fuel, import prices for January, at 15:00 GMT - the change in stocks in commercial warehouses for December, at 15:30 GMT - data on stocks of crude oil from the Department of Energy. At 18:00 GMT the U.S. puts 10-year bonds. At 23:50 GMT, Japan will publish preliminary data on changes in GDP, Gross Domestic Product (year), the nominal gross domestic product, GDP deflator index for Q4.

EUR/USD

Offers $1.3580, $1.3550/00, $1.3520/25, $1.3495/500

Bids $1.3430, $1.3400, $1.3350, $1.3330/20, $1.3300

GBP/USD

Offers $1.5740/50, $1.5710, $1.5690/700, $1.5650, $1.5600

Bids $1.5530, $1.5515/00

AUD/USD

Offers $1.0450, $1.0415/20, $1.0400, $1.0280/85

Bids $1.0310/00, $1.0270/65, $1.0250, $1.0240/35, $1.0200

EUR/JPY

Offers Y128.00, Y127.45/50, Y127.00, Y126.50

Bids Y126.00/90, Y125.60/50 , Y125.10/00, Y124.80/70, Y124.60/50

USD/JPY

Offers Y94.50, Y94.25/30, Y93.90/00

Bids Y93.25/20, Y92.85/80, Y92.70, Y92.60/50, Y92.40/35, Y92.20

EUR/GBP

Offers stg0.8770/75, stg0.8720, stg0.8685/90

Bids stg0.8545/40, stg0.8520/15

Germany allotted E4.301bln in new 2-year benchmark 0.25% Mar 2015 Schatz Wednesday at an average yield of 0.21% (0.01%) and bid-to-cover ratio of 1.77 (1.5) and retained 14% (17%).

Italy sold E1.431bln CCTeu vs Target E1.0-E1.5bln

EUR/USD $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

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. Sterling also fell against most other major currencies, as the message of slowing growth, which is likely to be announced 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.

23:30 Australia Westpac Consumer Confidence February +0.6% +7.7%

23:50 Japan Tertiary Industry Index December -0.3% +0.8% +1.4%

00:00 China Bank holiday

The yen gained against all of its major peers before a Group of 20 meeting at which officials are expected to debate the currency’s recent declines. The G-7 finance ministers and central-bank governors released a statement yesterday that appeared to signal acceptance for a weaker yen, so long as Japanese Prime Minister Shinzo Abe’s government doesn’t actively pursue devaluation. This position was then challenged when an unidentified official from a G-7 nation issued a clarification saying that the group was concerned about excessive moves in the yen and Japan’s practice of giving guidance on its value. Japanese Vice Finance Minister Takehiko Nakao declined to comment today on the official’s remarks. Finance ministers and central bankers from the G-20, which includes the G-7 and emerging markets such as Brazil, China and India, meet in Moscow on Feb. 15-16.

The Bank of Japan starts a two-day meeting today, and the euro held gains amid optimism Europe can cope with its debt crisis. The BOJ will announce its monetary policy decision tomorrow. Governor Masaaki Shirakawa said last week he will step down with two of his deputies on March 19, about three weeks before his term is due to end.

Australia’s dollar climbed after consumer confidence jumped by the most since 2011. The sentiment index for February jumped 7.7 percent to 108.3, a Westpac Banking Corp. and Melbourne Institute survey taken Feb. 4-8 of 1,200 adults showed today in Sydney.

EUR / USD: during the Asian session, the pair traded in the range of $1.3435-60.

GBP / USD: during the Asian session, the pair rose to $1.5870.

USD / JPY: during the Asian session the pair fell to Y92.80.

There is a full calendar Wednesday, with data and events expected on both sides of the Atlantic. The calendar gets underway at 0700GMT, with the release of the German January wholesales prices data. Following Tuesday's

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

EUR/USD $1,3454 +0,50%

GBP/USD $1,5661 +0,02%

USD/CHF Chf0,9169 -0,35%

USD/JPY Y93,47 -0,90%

EUR/JPY Y125,75 +0,53%

GBP/JPY Y146,36 -0,87%

AUD/USD $1,0303 +0,48%

NZD/USD $0,8405 +0,67%

00:00 China Bank holiday -

08:15 Switzerland Producer & Import Prices, m/m January +0.1% +0.2%

08:15 Switzerland Producer & Import Prices, y/y January +1.0% +1.0%

10:00 Eurozone Industrial production, (MoM) December -0.3% +0.3%

10:00 Eurozone Industrial Production (YoY) December -3.7% -2.3%

10:30 United Kingdom BOE Gov King Speaks -

10:30 United Kingdom Bank of England Quarterly Inflation Report Quarter I

13:30 U.S. Retail sales January +0.5% +0.1%

13:30 U.S. Retail sales excluding auto January +0.3% +0.2%

13:30 U.S. Import Price Index January -0.1% +0.8%

15:00 U.S. Mortgage Delinquencies IV quarter 7.4%

15:00 U.S. Business inventories December +0.3% +0.3%

15:30 U.S. Crude Oil Inventories - +2.6

16:10 U.S. FOMC Member James Bullard Speaks -

21:30 New Zealand Business NZ PMI January 50.1

21:30 New Zealand Food Prices Index, m/m January -0.2%

21:30 New Zealand Food Prices Index, y/y January -1.0%

23:50 Japan GDP, q/q (preliminary) IV quarter -0.9% +0.1%