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Analytics, News, and Forecasts for CFD Markets: currency news — 13-07-2012.
During the American session, the euro has risen sharply with no apparent reason. The opinion of market participants on this issue are divided: some say that this has happened to the rumors of currency purchases Austrian bank, others argue that this was due to the displacement of short positions. Well so does this one certainly can not say now. Now the euro is trading cautiously in the area reached maximum values. Significant movement also spread to other currency pairs. The pound against the dollar during the entire session is rapidly declining, and is now trading near the maximum on July 11. The course of the Australian dollar against the U.S. dollar during the day surprised by stable growth, while cutting off more than 80% of the losses that he suffered yesterday. The increase was caused by weak China GDP data, which are of concern regarding the prospects of the economy. The yen strengthened during the session, and updated with a minimum of 11 July. Who is the course a little bit back from the minimum values, and shows a slight increase.
- It should contain expectations regarding the impact of further action
- The use of further action in respect of the balance will "risks beyond the control"
- Will further encourage the Fed to where it was not
- Further action the Fed should be taken "very meaningful"
- "Maybe" will be taken next decision on the policy
- Long-term unemployment may complicate the problem of structural
- Risks have increased pressure on the economic outlook
- The official forecast has been lowered, it shows weaker growth
- Data published for the first two quarters of this year, were "disappointing"
- The observed recent employment growth has been "much weaker than expected"
- Employment growth "slowed considerably" in the 2nd quarter
EUR/USD $1.2135, $1.2170, $1.2175, $1.2200, $1.2235, $1.2300, $1.2350
USD/JPY Y79.00, Y79.25, Y79.75, Y80.00
GBP/USD $1.5500, $1.5650
EUR/GBP stg0.7900
AUD/USD $1.0200, $1.0195, $1.0100
AUD/JPY Y83.00
USD/CAD C$1.0150
The closest support level of $ 1.2165 (Jul 12 low)
Data
07:15 Switzerland Producer & Import Prices, m/m June -0.2% -0.2% -0.3%
07:15 Switzerland Producer & Import Prices, y/y June -2.3% -2.2% -2.2%
The euro headed for a second weekly decline against the dollar after Moody’s Investors Service cut Italy’s credit rating, adding to concern the region’s debt crisis is worsening.
The 17-nation currency was 0.3 percent from a six-week low versus the yen as the ratings company cited the nation’s “weaker growth and higher unemployment” and risks to market funding.
Moody’s lowered Italy’s government bond rating by two levels to Baa2 and said further downgrading was possible, according to a statement released today in Frankfurt. That’s two levels above junk and one above SpainThe euro pared losses versus the greenback today after Italy’s borrowing costs fell at a debt sale.
The British pound rose after the Bank of England and the Ministry of Finance announced the launch of the program loan financing (FLS), which will become effective on August 1. Using the FLS will allow the banks to abandon expensive wholesale funding in favor of cheaper by the central bank, but only if they use these funds for loans for home buyers and businesses.
EUR / USD: during the European session, the pair renewed a high of $ 1.2218 and then retreated into the region of $ 1.2180 intraday lows
GBP / USD: a pair of updated intraday high $ 1.5507
USD / JPY: during the session, the pair traded in a range of Y79.20 - Y79.32
At 12:30 GMT the U.S. will publish the producer price index, including excluding prices for food and energy prices in June. At 13:55 GMT the U.S. consumer sentiment index released by the University of Michigan in July.
EUR/USD
Offers $1.2290/300, $1.2235-50
Bids $1.2165/60, $1.2150, $1.2125/20
EUR/GBP
Offers stg0.8010, stg0.8000/05, stg0.7980/85, stg0.7950, stg0.7920
Bids stg0.7880/70, stg0.7855/50, stg0.7810/00
USD/JPY
Offers Y80.10, Y80.00, Y79.75/80, Y79.45/50
Bids Y79.20, Y79.00
EUR/JPY
Offers Y98.20, Y98.00, Y97.70/75, Y97.50, Y96.90/00
Bids Y96.50, Y96.00, Y95.50
AUD/USD
Offers $1.0300, $1.0250, $1.0235/40, $1.0200
Bids $1.0125/20, $1.0110, $1.0100, $1.0075/70, $1.0050
GBP/USD
Offers $1.5620/25, $1.5600/10, $1.5580, $1.5550, $1.5530/35, $1.5500, $1.5480/85
Bids $1.5380, $1.5350, $1.5330
Resistance 3: Y80.10 (Jul 5 high)
Resistance 2: Y79.95 (Asian session high)
Resistance 1: Y79.60 (MA(200) for Н1)
Current price: Y79.28
Support 1: Y79.12 (Jul 11 low)
Support 2: Y78.78 (Jun 20 low)
Support 3: Y78.60 (Jun 15 low)
Resistance 3: Chf1.0060 (MA (200) for W1)
Resistance 2: Chf1.0000 (psychological level)
Resistance 1: Chf0.9910 (Dec 2010 high)
Current price: Chf0.9847
Support 1: Chf0.9800 (Jul 12 low)
Support 2: Chf0.9720 (MA (200) for H1)
Support 3: Chf0.9580 (Jul 5 low)
Resistance 3: $ 1.5580 (Jul 11 high)
Resistance 2: $ 1.5540 (MA (200) for H1)
Resistance 1: $ 1.5515 (Jul 12 high)
Current Price: $ 1.5444
Support 1: $ 1.5390 (Jul 12 low)
Support 2: $ 1.5315 (Jun 5 low)
Support 3: $ 1.5270 (Jun 1 low)
Resistance 3: $ 1.2540 (Jul 5 high)
Resistance 2: $ 1.2360 (MA (200) for H1)Resistance 1: $ 1.2250 (Jul 12 high)
Current Price: $ 1.2197
Support 1: $ 1.2165 (Jul 12 low)
Support 2: $ 1.2116 (Jun 2010 low)
Support 3: $ 1.2000 (psychological level)
EUR/USD $1.2135, $1.2170, $1.2175, $1.2200, $1.2235, $1.2300, $1.2350
USD/JPY Y79.00, Y79.25, Y79.75, Y80.00
GBP/USD $1.5500, $1.5650
EUR/GBP stg0.7900
AUD/USD $1.0200, $1.0195, $1.0100
AUD/JPY Y83.00
USD/CAD C$1.0150
Sold E3.5bln vs target E2.5bln-E3.5bln
E3.50bn new 4.50% 2015 BTP;avg yield 4.65% (5.30%),cover 1.73 (1.59)
02:00 China GDP y/y Quarter II +8.1% +7.9% +7.6%
02:00 China Industrial Production y/y June +9.6% +9.8% +9.5%
02:00 China Retail Sales y/y June +13.8% +13.6% +13.7%
04:30 Japan Industrial Production (MoM) (finally) May -0.2% -3.1% -3.4%
04:30 Japan Industrial Production (YoY) (finally) May +12.9% +6.2% +6.0%
05:00 Japan BoJ monthly economic report July
The yen traded 0.3 percent from the strongest level in six weeks against the euro as signs global growth is slowing boosted demand for haven assets. The yen was set to gain versus all 16 of its major peers this week after Singapore’s economy unexpectedly contracted last quarter and ahead of a report forecast to show U.S. consumer confidence stagnated.
China’s economy expanded by less in the second quarter than the median estimate of economists in Bloomberg News survey. China’s GDP expanded 7.6 percent last quarter from a year earlier, the National Bureau of Statistics said in Beijing today. The pace, the slowest in three years, was still above the estimates of 12 of the 38 economists surveyed by Bloomberg.
The euro was 0.3 percent from a two-year low against the dollar after Moody’s Investors Services cut Italy’s bond rating before the nation sells debt today. Moody’s cut its debt rating to Baa2 from A3.
Italy will sell bonds maturing in 2015, 2019, 2022 and 2023 today.
Italian Prime Minister Mario Monti has been lobbying European partners to agree on a plan to give the region’s permanent bailout fund more leeway to buy the bonds of countries meeting their fiscal goals. He wants the the European Stability Mechanism to purchase the debt of nations including Italy and Spain to lower their yields.
EUR / USD: during the Asian session the pair holds in range $1.2185-$1.2220.
GBP / USD: during the Asian session the pair holds in range $1.5410-$1.5450.
USD / JPY: during the Asian session the pair holds in range Y79.25-Y79.40
Friday sees the second day of the high-level eurosystem seminar with Mediterranean countries' central banks, taking place in Casablanca. Core-European data starts at 0630GMT with the France BoF retail survey, while final June HICP data is due from Spain at 0700GMT and Italy at 0800GMT. US data starts at 1230GMT when producer prices are expected to fall 0.2% in June after plunging 1.0% in April. At 1355GMT, the University of Michigan Sentiment Index is expected to rebound only slightly to a 73.4 reading in early-July after plunging in June. Later, at 1620GMT, Atlanta Federal Reserve Bank President Dennis Lockhart speaks to the Mississippi Economic Council, in Jackson. Late data then sees US C&I loans data at 2015GMT.
Yesterday during the American session, the euro showed a slight increase due to the lack of important economic data. A slight decrease was seen after the publication of data on the federal budget, which came out better than expected.
Pounds during the entire day is rapidly decreased, reaching minimum values at the same time on June 8. The
Australian dollar started to fall yesterday, after data showed that unemployment rose. But during the American session the pair was trading kept in the maximum values reached.
The yen during the day, consolidating after the sharp decline in the early afternoon on the background comments of the Bank of Japan monetary policy and the decision to leave interest rates unchanged.
Resistance 3: Y79.95 (Jul 12 high)
Resistance 2: Y79.60 (MA (200) H1)
Resistance 1: Y79.40 (session high)
Current price: Y79.25
Support 1: Y79.00/10 (Jul 11 low, MA (200) D1)
Support 2: Y78.80 (Jun 20 low)
Support 3: Y78.60 (Jun 15 low)
Resistance 3: Chf1.0000 (psychological level)
Resistance 2: Chf0.9915 (Oct 10 high 2010)
Resistance 1: Chf0.9870 (Jul 11 high)
Current price: Chf0.9835
Support 1: Chf0.9805 (Jul 12 low)
Support 2: Chf0.9735 (Jul 10 low)
Support 3: Chf0.9710 (MA (200) H1)
Resistance 3: $ 1.5575 (Jul 11 high)
Resistance 2: $ 1.5545 (MA (200) H1)
Resistance 1: $ 1.5500 (psychological level)
Current Price: $ 1.5433
Support 1: $ 1.5390 (Jul 12 low)
Support 2: $ 1.5320 (Jun 5 low)
Support 3: $ 1.5265 (Jun 1 low)
Resistance 3: $ 1.2375 (MA (200) H1)
Resistance 2: $ 1.2335 (Jul 10 high)
Resistance 1: $ 1.2245 (Jul 12 high)
Current Price: $ 1.2208
Support 1: $ 1.2165 (Jul 12 low)
Support 2: $ 1.2150 (Jun low 2010)
Support 3: $ 1.2100 (psychological level)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2199 -0,32%
GBP/USD $1,5430 -0,52%
USD/CHF Chf0,9841 +0,32%
USD/JPY Y79,28 -0,58%
EUR/JPY Y96,71 -0,90%
GBP/JPY Y122,31 -1,10%
AUD/USD $1,0135 -0,48%
NZD/USD $0,7897 -0,43%
USD/CAD C$1,0190 -0,08%
02:00 China GDP y/y Quarter II +8.1% +7.9% +7.6%
02:00 China Industrial Production y/y June +9.6% +9.8% +9.5%
02:00 China Retail Sales y/y June +13.8% +13.6% +13.7%
04:30 Japan Industrial Production (MoM) (finally) May -0.2% -3.1%
04:30 Japan Industrial Production (YoY) (finally) May +12.9% +6.2%
05:00 Japan BoJ monthly economic report July
07:15 Switzerland Producer & Import Prices, m/m June -0.2% -0.2%
07:15 Switzerland Producer & Import Prices, y/y June -2.3% -2.2%
12:30 U.S. PPI, m/m June -1.0% -0.5%
12:30 U.S. PPI, y/y June +0.7% -0.4%
12:30 U.S. PPI excluding food and energy, m/m June +0.2% +0.3%
12:30 U.S. PPI excluding food and energy, Y/Y June +2.7% +2.6%
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (preliminary) July 73.2 73.5
17:20 U.S. FOMC Member Dennis Lockhart Speaks -
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