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Analytics, News, and Forecasts for CFD Markets: currency news — 13-03-2012.
The dollar gained against the euro and the yen as the Federal Reserve policy makers raised their assessment of the economy as the labor market gathers strength and refrained from more actions to lower borrowing costs. The Federal Open Market Committee, which met today in Washington, kept the central bank’s benchmark interest rate target unchanged at zero to 0.25 percent, where it’s been since December 2008. Retail sales in the U.S. rose in February by the most in five months, reflecting broad-based gains that indicate the world’s largest economy is picking up even as gasoline costs climb.
The yen dropped earlier to the weakest level against the dollar in almost 11 months as the Bank of Japan plans to keep using monetary policy as a tool to tackle deflation. The yen weakened earlier after Bank of Japan Governor Masaaki Shirakawa indicated the central bank will keep using monetary policy as a tool to tackle deflation. Shirakawa and his board members kept the benchmark interest rate between zero and 0.1 percent, the central bank said in a statement today. Policy makers left the bank’s asset-purchase fund at 30 trillion yen ($360 billion) after unexpectedly boosting bond buying by 10 trillion yen at the Feb. 14 meeting. The measures contributed to weakening the yen and helped boost stocks, Shirakawa told reporters in Tokyo.
Maintains econ outlook is "expanding moderately", infl subdued but notes oil,gas prices 'have increased lately.'
Recent oil,gas rise to increase infl 'temporarily'.
Says labor mkt conditions improved further, unemp rate declined 'notably' in recent mos but still
elevated.
Strains in global fin mkts have eased but pose signif downside risks to outlk.
FOMC expects to maintain 'highly accommodative stance' to support recovery.
Spain has no plans to raise value added tax
The new deficit target (5.3%) suggests that the EU authorities believe to Spain
Second Greek bailout can be signed this week
Spain must reach 3% deficit goal in 2013
ECB has full confidence of German federal govt
Firewalls must not appear reason to avoid reform
Troubled EMU countries are solving their problems
Europe on right path overall
EUR/USD $1.3050, $1.3075, $1.3100, $1.3150, $1.3200
USD/JPY Y81.75, Y82.00, Y82.10, Y82.25, Y82.75, Y83.00
AUD/USD $1.0500, $1.0530, $1.0550, $1.0560, $1.0600
GBP/USD $1.5790, $1.5850
EUR/JPY Y107.00
EUR/USD
Offers $1.3200, $1.3150/55
Bids $1.3080/70, $1.3050/40, $1.3035/25, $1.3010/00
EUR/JPY
Offers Y109.20/25, Y108.90/00, Y108.75
Bids Y108.20/15, Y107.70/60, Y107.50, Y107.10/00
USD/JPY
Offers Y83.50, Y83.00, Y82.80/00
Bids Y82.30, Y82.10, Y81.70/65
Resistance 3: Y84.00 (area of Feb 2011, psychological level) Resistance 2: Y83.10 (Apr 20'2011 high) Resistance 1: Y82.80 (session high, Apr 27'2011 high) Current price: Y82.65 Support 1: Y82.50 (high of asian session) Support 2: Y81.90 (area of session low and Mar 5 high) Support 3: Y81.50 (Mar 9 low)
Комментарии: ряд технических факторов (дивергенции между ценой и индикатором MACD на D1, RSI>70 - сигнал перекупленности на D1) указывает на высокую вероятность начала коррекции.
Resistance 3: Chf0.9340 (Jan 25 high) Resistance 2: Chf0.9300 (high of February) Resistance 1: Chf0.9220 (Mar 12 high) Current price: Chf0.9197 Support 1: Chf0.9140 (session low) Support 1: Chf0.9110 (intraday low on Mar 9) Support 3: Chf0.9080/70 (area of Mar 8-9 low, Mar 1 high)
Resistance 3 : $1.5750 (intraday low on Mar 9) Resistance 2 : $1.5700 (Mar 12 high, Mar 6-7 low) Resistance 1 : $1.5675 (session high) Current price: $1.5662 Support 1 : $1.5610/00 (Mar 12 low, 50,0 % FIBO $1,5230-$ 1,5990) Support 2 : $1.5520 (61,8 % FIBO $1,5230-$ 1,5990) Support 3 : $1.5500 (psychological level)
Resistance 3 : $1.3360 (Mar 1 high)
Resistance 2 : $1.3280 (area of Mar 1 low, Mar 8-9 highs)
Resistance 1 : $1.3190 (session high)
Current price: $1.3114
Support 1 : $1.3080 (Mar 12 low)
Support 2 : $1.2975 (low of February)
Support 3 : $1.2930 (Jan 25 low)
Asian stocks rose, with the benchmark index set to gain for a third day in four, amid optimism euro-area finance chiefs will complete a second Greek bailout, and before the release of U.S. retail sales data.
Nikkei 225 9,899.08 +9.22 +0.09%
Hang Seng 21,339.7 +205.52 +0.97%
S&P/ASX 200 4,247.62 +50.93 +1.21%
Shanghai Composite 2,455.79 +20.94 +0.86%
HSBC Holdings Plc, Europe’s biggest bank by market value, rose 1.3 percent in Hong Kong.
Wynn Macau Ltd., a unit of the casino operator founded by billionaire Steve Wynn, jumped 9.1 percent after Deutsche Bank AG said Macau casino revenue may grow 25 percent in 2012.
Camera maker Canon Inc. dropped 0.7 percent in Tokyo, reversing gains, after the Bank of Japan decided against expanding its asset-purchase program and the yen strengthened.
Yesterday the dollar gained against most of its major counterparts as stronger U.S. economic data reduced bets the Federal Reserve would add to monetary stimulus, bolstering demand for the currency. Retail sales in the U.S. increased 1.1 percent in February, the most in five months, according to the median estimate of 80 economists in a survey before Commerce Department figures due tomorrow. That would follow data on March 9 that showed nonfarm payrolls increased by 227,000 in February after rising by a revised 284,000 the prior month. The unemployment rate held at a three-year low of 8.3 percent.
The 17-nation euro pared losses against the yen before European finance ministers meet in Brussels to review a second aid package for Greece. The euro held a two-week decline against the dollar before ministers from the region’s 17 nations gather in Brussels to sign off on a 130 billion-euro ($171 billion) second package for Greece after bondholders agreed last week to take a loss on the country’s debt.The world’s biggest banks are less pessimistic about the euro as the European Central Bank provides unlimited cash to the region’s financial system, Germany may avoid recession and Greece looks to complete the biggest sovereign-debt restructuring in history.
EUR/USD: yesterday the pair gain, being in downtrend.
GBP/USD: yesterday the pair fell, touched a level $1.5600.
USD/JPY: yesterday the pair was in range Y82.00-Y82.50.
European data for Tuesday also starts at 0630GMT with France HICP data, while France current account data is due at 0745GMT. While the main Germany data release is the ZEW data at 1000GMT. UK data at 0930GMT includes the Trade Balance Report, CML Mortgage Approvals and also Weekly Fuel Price data. Also today, the DCLG House Price Index is due, while at 1000GMT, the UK Conference Board Leading Indicator is due.
Asian stocks fell, with the benchmark index headed for the first loss in three days, as Chinese exports grew at a slower pace than economists forecast, overshadowing a rebound in Japan’s machinery orders and better- than-expected U.S. jobs data.
Nikkei 225 9,889.86 -39.88 -0.40%
Hang Seng 21,134.18 +48.18 +0.23%
S&P/ASX 200 4,196.69 -15.30 -0.36%
Shanghai Composite 2,434.86 -4.60 -0.19%
Li & Fung Ltd., a supplier to Wal-Mart Stores Inc. that gets more than 95 percent of revenue from exports from China, fell 2 percent in Hong Kong.
Samsung Electronics Co., South Korea’s No. 1 consumer electronics exporter, slid 1.1 percent in Seoul after Apple Inc. claimed it violated a court order in a patent-infringement case.
Railway-related shares plunged in Hong Kong after a report a high-speed railway in China collapsed.
Hitachi Construction Machinery Co., a maker of bulldozers and cranes, rose 1.2 percent in Tokyo.
European stocks retreated, halting a three-day rally for the Stoxx Europe 600 Index, as a report showed export in China, the world’s second-largest economy, grew at a slower pace than forecast.
China reported its biggest trade deficit last month since at least 1989, adding to last week’s releases on factory output and retail sales that signaled slowing growth.
Finance ministers from the 17 nations that use the euro gathered in Brussels today to approve the 130 billion-euro second bailout package for Greece. Bondholders last week agreed to exchange the country’s privately held debt for new securities.
National benchmark indexes declined in 11 of the 18 western-European markets. Germany’s DAX Index added 0.3 percent. The U.K.’s FTSE 100 Index and France’s CAC 40 Index increased 0.1 percent. Gauges in Italy, Spain, Portugal, Ireland and Greece fell.
Vedanta Resources Plc dropped 3.7 percent to 1,369 pence as copper snapped a three-day rally on the London Metal Exchange following signals that China’s economy has slowed. France’s Eramet SA lost 4.1 percent to 107.30 euros, while Rio Tinto Group fell 1.7 percent to 3,450.5 pence.
Temenos dropped 4.9 percent to 15.40 Swiss francs and Misys lost 3.8 percent to 328 pence after the Geneva-based software maker terminated merger talks after failing to reach an agreement on a deal.
Pirelli & C. SpA, Europe’s third-largest tiremaker, surged 7.2 percent to 8.39 euros, its highest price since December 2007. The company posted 2011 profit of 451.6 million euros, exceeding the 314.3 million-euro analyst estimate, and increased its dividend to 27 euro cents.
Most U.S. stocks retreated, capping the thinnest trading day in 2012, as investors weighed whether a Chinese slowdown will lead to an easing of monetary policy.
Equities swung between gains and losses as China had the biggest trade deficit in at least 22 years, the weakest January- February factory-production gain since 2009 and retail sales were below the median economist estimate. Euro-area finance ministers gather in Brussels to sign off on the 130 billion-euro ($170 billion) second package for Greece as they focus on Spain’s budget-cutting efforts and Portugal’s aid program.
Dow 12,959.71 +37.69 +0.29%, Nasdaq 2,983.66 -4.68 -0.16%, S&P 500 1,371.09 +0.22 +0.02%
Newmont Mining, the largest U.S. gold producer, dropped 2 percent to $55.75. Schlumberger, the world’s largest oilfield-services provider, declined 2.4 percent to $74.02.
JPMorgan Chase & Co. (JPM) slid 1.2 percent to $40.54. Regions Financial Corp. slumped 2.9 percent to $5.63.
Oracle Corp. slipped 1.4 percent to 29.71. The software maker was cut to hold from buy at Jefferies Group Inc., citing “greater challenges” to its engineered systems strategy.
Michael Kors Holdings Ltd. fell 2.1 percent to. The luxury-goods maker and retailer named for the designer who founded it filed for a secondary offering of 25 million shares.
Resistance 3: Y83.75 (Apr 15 high)
Resistance 2: Y83.10 (Apr 20 high)
Resistance 1: Y82.65 (Mar 9 high)
The current price: Y82.08
Support 1: Y81.90 (high of the Asian session on Mar 9)
Support 2: Y81.45 (Mar 9 low)
Support 3: Y81.05 (Mar 8 low)
Resistance 3: Chf0.9250 (Feb 15 high)
Resistance 2: Chf0.9220 (Mar 12 high)
Resistance 1: Chf0.9180 (low of the European session on Mar 12)
The current price: Chf0.9154
Support 1: Chf0.9140 (session low)
Support 2: Chf0.9110 (low of the European session on Mar 9)
Support 3: Chf0.9070 (Mar 8 low)
Resistance 3 : $1.3290 (Mar 8 high)
Resistance 2 : $1.3230 (high of the European session on Mar 9)
Resistance 1 : $1.3190 (session high)
The current price: $1.3162
Support 1 : $1.3135 (high of the European session on Mar 12)
Support 2 : $1.3080 (Mar 12 low)
Support 3 : $1.3040 (Feb 15 low)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3148 +0,27%
GBP/USD $1,5633 -0,26%
USD/CHF Chf0,9171 -0,21%
USD/JPY Y82,31 -0,12%
EUR/JPY Y108,22 +0,14%
GBP/JPY Y128,66 -0,38%
AUD/USD $1,0509 -0,57%
NZD/USD $0,8184 -0,33%
USD/CAD C$0,9925 +0,18%
00:01 United Kingdom RICS House Price Balance February -16% -13% -13%
00:30 Australia Home Loans January +2.1% 0.0% -1.2%
00:30 Australia National Australia Bank's Business Confidence February 4 1
03:00 Japan BoJ Interest Rate Decision March 0.10% 0.10%
03:00 Japan BoJ Monetary Policy Statement 0
03:00 New Zealand REINZ Housing Price Index, m/m February -1.4% +0.8%
06:30 France CPI, m/m February -0.4% +0.4%
06:30 France CPI, y/y February +2.3% +2.4%
07:00 Japan BOJ Press Conference 0
08:15 Switzerland Producer & Import Prices, m/m February 0.0% +0.4%
08:15 Switzerland Producer & Import Prices, y/y February -2.4% -2.4%
09:00 Eurozone ECOFIN Meetings 0
09:30 United Kingdom Trade in goods January -7.1 -7.8
10:00 Germany ZEW Survey - Economic Sentiment March 5.4 11.2
10:00 Eurozone ZEW Economic Sentiment March -8.1 3.8
12:30 U.S. Retail sales February +0.4% +1.1%
12:30 U.S. Retail sales excluding auto February +0.7% +0.8%
12:30 Eurozone ECB President Mario Draghi Speaks 0
16:30 Canada Gov Council Member Macklem Speaks 0
18:15 U.S. Fed Interest Rate Decision 0 0.25% 0.25%
18:15 U.S. FOMC Statement 0
23:30 Australia Westpac Consumer Confidence March +4.2%
23:50 Japan BSI Manufacturing Index Quarter I -6.1 1.3
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