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Analytics, News, and Forecasts for CFD Markets: currency news — 14-08-2012.
During the first half of the day the dollar was under pressure against the publication of important data for Germany, which eventually allowed the euro to grow substantially, updating the yesterday's high. The growth rate of the single currency has continued to publish data on the GDP of Germany, who came out better than expected, showing thus an increase of 0.3%, compared with expectations at 0.1%. Following this trend in the market began to change as market participants moved on to more important event, which led to an increase in sales of the currency. Before the release of GDP data for the Eurozone euro currency exchange rate showed a slight decline, which continued after the publication of the report. During the rest of the day the euro was unable to regain its positions. The fall continued after the United States provided data on the level of retail sales and producer price index, which eventually helped the dollar to establish a new session, at least relative to the dollar.
The pound fell against the euro after a report showed that housing prices in the UK in July fell to -24 from -22, while showing the lowest rate for the year, underscoring the weakness of the economy. Also, to reduce the influence published data on the consumer price index. It is learned that the CPI rose by 2.6% on an annualized basis, compared to 2.4% in June. At the same time, economists expect the figure will be 2.3%.
The yen weakened against 16 major currencies after reports the Bank of Japan showed that the politicians are considering the possibility of extension of incentives to support economic growth. During the day, the yen gradually declined against the dollar, and after U.S. data updated four-week high. Eventually, the couple during the day showed an increase in the bag are his work 80 points, and was able to escape from a narrow trading range, which is restrained by a pair of upward movement.
Reduced now show as the New Zealand dollar. Against the background provided a report on the level of retail sales, which came out mixed, the rate began a slight decrease, which increased dramatically after the publication of data on the U.S.. And as a result of the exchange rate was able to update yesterday's low against the dollar and continue its decline even further.
Also pleased with the dynamics of trading today, and the Australian dollar, which fell on the session for more than half of the figure, updating the at least Friday.
EUR/USD $1.2250, $1.2260, $1.2335, $1.2370, $1.2400
USD/JPY Y78.45, Y78.25
GBP/USD $1.5700, $1.5600
EUR/GBP stg0.7800
AUD/USD Aussie; $1.0550, $1.0600
NZD/USD $0.8200Data
01:30 Australia National Australia Bank's Business Confidence July -3 4
01:30 Australia New Motor Vehicle Sales (MoM) July -0.6% -0.8%
01:30 Australia New Motor Vehicle Sales (YoY) July +18.4% +5.0%
05:30 France GDP, q/q (preliminary) Quarter II 0.0% -0.1% 0.0%
05:30 France GDP, Y/Y (preliminary) Quarter II +0.3% +0.2% +0.3%
05:30 France CPI, m/m July 0.0% -0.2% -0.5%
05:30 France CPI, y/y July +1.9% +2.2%
06:00 Germany GDP (QoQ) (preliminary) Quarter II +0.5% +0.1% +0.3%
06:00 Germany GDP (wda) (YoY) (preliminary) Quarter II +1.7% +0.9% +1.0%
06:45 France Non-Farm Payrolls (preliminary) Quarter II +0.1% -0.1% -0.1%
07:15 Switzerland Producer & Import Prices, m/m July -0.3% -0.2% -0.3%
07:15 Switzerland Producer & Import Prices, y/y July -2.2% -1.7% -1.8%
08:30 United Kingdom HICP, m/m July -0.4% -0.1% +0.1%
08:30 United Kingdom HICP, Y/Y July +2.4% +2.3% +2.6%
08:30 United Kingdom HICP ex EFAT, Y/Y July +2.1% +2.1% 3.2%
08:30 United Kingdom Retail Price Index, m/m July -0.2% -0.2% +0.1%
08:30 United Kingdom Retail prices, Y/Y July +2.8% +2.8% +3.2%
08:30 United Kingdom RPI-X, Y/Y July +2.8% +2.9% 3.2%
09:00 Germany ZEW Survey - Economic Sentiment August -19.6 -19.2 -25.5
09:00 Eurozone ZEW Economic Sentiment August -22.3 -19.1 -21.2
09:00 Eurozone GDP (QoQ) (preliminary) Quarter II 0.0% -0.2% -0.2%
09:00 Eurozone GDP (YoY) (preliminary) Quarter II 0.0% -0.4% -0.4%
09:00 Eurozone Industrial production, (MoM) June +0.6% -0.4% -0.6%
09:00 Eurozone Industrial Production (YoY) June -2.8% -2.1% -2.1%
09:30 United Kingdom BOE Inflation Letter August
The euro rose today against the dollar and yen, as the published data showed that German growth slowed less than economists forecast, while the French managed to avoid a sudden contraction. But this increase was short-lived, as market participants moved on to another important event - the level of euro area GDP. In anticipation of the release of the data rate of the euro began its decline that has intensified after the publication of the report. It is learned that the gross domestic product fell for the second quarter by 0.2%, which was in line with expectations. Recall that in the first quarter growth was zero.
The yen weakened against 16 major currencies after reports the Bank of Japan showed that the politicians are considering the possibility of extension of incentives to support economic growth.
The pound fell against the euro after a report showed that housing prices in the UK in July fell to -24 from -22, while showing the lowest rate for the year, underscoring the weakness of the economy. Also, to reduce the influence published data on the consumer price index. It is learned that the CPI rose by 2.6% on an annualized basis, compared to 2.4% in June. At the same time, economists expect the figure will be 2.3%.
EUR/USD: during the European session, the pair reached a high of $ 1.2386, and then declined and is now trading at $ 1.2350/60 area
GBP/USD: a pair of rose, updating the yesterday's high, then dropped sharply and is now trading at $ 1.5700
USD/JPY: during the European session, the pair shows a steady growth, and gradually approaching the level of resistance Y78.78
At 12:30 GMT the U.S. will announce the change of volume of retail trade, changes in retail sales, excluding auto sales, the change in volume of retail trade sales, excluding cars and fuel for July. Also during this time will the producer price index, producer price index excluding prices for food and energy prices in July. At 14:00 GMT the U.S. will provide data on changes in stocks at commercial stores in June. Complete day in the U.S. 20:30 GMT information about changing the volume of crude oil, according to the API for August
EUR/USD
Offers $1.2445, $1.2420, $1.2385/90
Bids $1.2325/20, $1.2300
AUD/USD
Offers $1.0620, $1.0610/15, $1.0600, $1.0575/80, $1.0550
Bids $1.0500, $1.0480/70, $1.0450
GBP/USD
Offers $1.5800/10, $1.5780, $1.5750
Bids $1.5635/30, $1.5600
EUR/JPY
Offers Y98.20, Y98.00, Y97.60, Y97.50, Y97.30/35
Bids Y96.55/50, Y96.20, Y96.05/00, Y95.80, Y95.70
USD/JPY
Offers Y79.20/25, Y79.00, Y78.80, Y78.70
Bids Y78.15/10, Y78.00, Y77.50
EUR/USD $1.2200, $1.2400
USD/JPY Y78.00, Y78.50, Y78.70
EUR/GBP stg0.7790
EUR/AUD $1.1600
01:30 Australia National Australia Bank's Business Confidence July -3 4
01:30 Australia New Motor Vehicle Sales (MoM) July -0.6% -0.8%
01:30 Australia New Motor Vehicle Sales (YoY) July +18.4% +5.0%
The yen weakened versus all 16 major counterparts as Asian shares rallied and minutes of the Bank of Japan’s July meeting signaled policy members are considering ways to expand stimulus. Japan’s currency slid for a second day against the euro as Asian equities halted a two-day decline, curbing demand for haven assets. The BOJ avoided adding stimulus at its July meeting, expanding its asset-purchase program to 45 trillion yen ($574 billion) from 40 trillion, while cutting its loan facility to 25 trillion yen from 30 trillion yen.
The euro maintained gains after data today showed France’s economy unexpectedly avoided a contraction and German growth slowed less than forecast during the second quarter. France’s gross domestic product was unchanged in the second quarter from the first, national statistics office Insee in Paris said today in an e-mailed statement. Economists forecast a 0.1 percent decline, according to the median of 26 estimates in a Bloomberg News survey.
Germany’s GDP rose 0.3 percent from the first quarter, when it gained 0.5 percent, the Federal Statistics Office said in Wiesbaden today. Economists predicted a 0.2 percent increase, according to the median estimate in a Bloomberg poll. The euro region will report GDP figures later today.
The New Zealand dollar strengthened after the statistics bureau said today sales adjusted for inflation gained 1.3 percent in the three months through June. That compares with a 0.6 percent decline in the first quarter and a 0.7 percent gain estimated in a Bloomberg survey.
EUR / USD: during the Asian session the pair rose to $1.2350.
GBP / USD: during the Asian session the pair rose, approaching $1.5700.
USD / JPY: during the Asian session the pair gain and continued Monday’s growth.
Tuesday is a much busier day for data, starting at 0530GMT with France HICP for July, which is expected to come in at -0.5% m/m, 2.3% y/y and, at the same time, flash Q2 GDP, which is expected at -0.1% q/q. Germany releases Q2 flash GDP at 0600GMT, which is expected to rise 0.2% q/q. France is back at 0630GMT with the BoF retail survey and then at 0645GMT with Q2 employment data. Final Spain HICP data is due at 0700GMT. The main core-European release is the 0900GMT German ZEW survey, which is expected to be mixed with a forecast for the current situation reading of 17.5 (from 21.1) and economic sentiment reading of -19.3 (from -19.6). Also at 0900GMT, EMU industrial output is expected at -0.7% m/m, -2.1% y/y, while EMU Q2 flash GDP data is seen at -0.2% q/q. UK data sees Consumer Prices for July at 0830GMT. Headline CPI fell sharply to hit 2.4% in June and in this month's Inflation Report the Bank of England's Monetary Policy Committee forecast it would decline further this year. US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1230GMT by both the Producer Price Index and Retail & Food Sales data. Producer prices are expected to rise 0.2% in July after rising 0.1% in June. The weekly Redbook Average follows at 1255GMT, while at 1400GMT both Business Inventories and the latest IBD/TIPP Economic Optimism Index are due.
Yesterday, the mood of the market was moderately positive. During the first half of trading the euro rose against the U.S. dollar in low trading volume after the economic data were better than expected in Greece, and Italy's auction of treasury bills placement is successful. According to Italy has sold treasury bills to the bag 8 billion euros ($ 9.9 billion). Demand for the dollar was weak on the eve of release of data on the level of retail sales and industrial production, which will be published this week. But despite the significant growth that was more a figure during the European session, the euro is still unable to resist the pressure from sellers in the U.S. session. Ultimately the dollar against the euro to regain 40% of incurred losses during the day.
The pound fell against the euro after the Bank of England Governor Mervyn King said that the debt crisis in the euro area continue to hamper economic growth in the UK. Also on the depreciation of the currency affected by the fact that market participants are waiting for the publication of data on inflation, which is expected to slow to the minimum values for the two and a half years.
The first part of the day the yen rose against most of the 16 major currencies as investors sought safe haven for their assets against the debt crisis in Europe, which negatively affects the growth of the global economy. It is also to strengthen the currency impact data, which showed that Japan's economy grew less than expected. Economic growth in Japan fell to 1.4% per annum in the second quarter compared with a revised 5.5 percent in the first three months of the year. But even after such a building could not hold out a couple of achieved values, and the remainder of the session showed growth, updating the maximum value of the day.
Course of the New Zealand dollar rose as market participants are waiting for the release of data on the level of retail sales that are projected to increase by 0.7%.
Also during the session were also recorded depreciation of the Australian dollar fell against 14 of the 16 major currencies as signs the global economic crisis eroded demand for higher-yielding currencies.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2332 +0,36%
GBP/USD $1,5680 -0,03%
USD/CHF Chf 0,9737 -0,34%
USD/JPY Y78,32 +0,06%
EUR/JPY Y96,58 +0,41%
GBP/JPY Y122,79 0,00%
AUD/USD $1,0516 -0,56%
NZD/USD $0,8090 -0,52%
USD/CAD C$0,9924 + 0,16%
01:30 Australia National Australia Bank's Business Confidence July -3 4
01:30 Australia New Motor Vehicle Sales (MoM) July -0.6% -0.8%
01:30 Australia New Motor Vehicle Sales (YoY) July +18.4% +5.0%
05:30 France GDP, q/q (preliminary) Quarter II 0.0% -0.1%
05:30 France GDP, Y/Y (preliminary) Quarter II +0.3% +0.2%
05:30 France CPI, m/m July 0.0% -0.2%
05:30 France CPI, y/y July +1.9%
06:00 Germany GDP (QoQ) (preliminary) Quarter II +0.5% +0.1%
06:00 Germany GDP (wda) (YoY) (preliminary) Quarter II +1.7% +0.9%
06:45 France Non-Farm Payrolls (preliminary) Quarter II +0.1% -0.1%
07:15 Switzerland Producer & Import Prices, m/m July -0.3% -0.2%
07:15 Switzerland Producer & Import Prices, y/y July -2.2% -1.7%
08:30 United Kingdom HICP, m/m July -0.4% -0.1%
08:30 United Kingdom HICP, Y/Y July +2.4% +2.3%
08:30 United Kingdom HICP ex EFAT, Y/Y July +2.1% +2.1%
08:30 United Kingdom Retail Price Index, m/m July -0.2% -0.2%
08:30 United Kingdom Retail prices, Y/Y July +2.8% +2.8%
08:30 United Kingdom RPI-X, Y/Y July +2.8% +2.9%
09:00 Germany ZEW Survey - Economic Sentiment August -19.6 -19.2
09:00 Eurozone ZEW Economic Sentiment August -22.3 -19.1
09:00 Eurozone GDP (QoQ) (preliminary) Quarter II 0.0% -0.2%
09:00 Eurozone GDP (YoY) (preliminary) Quarter II 0.0% -0.4%
09:00 Eurozone Industrial production, (MoM) June +0.6% -0.4%
09:00 Eurozone Industrial Production (YoY) June -2.8% -2.1%
09:30 United Kingdom BOE Inflation Letter August
12:30 U.S. Retail sales July -0.5% +0.4%
12:30 U.S. Retail sales excluding auto July -0.4% +0.4%
12:30 U.S. PPI, m/m July +0.1% +0.3%
12:30 U.S. PPI, y/y July +0.7% +0.5%
12:30 U.S. PPI excluding food and energy, m/m July +0.2% +0.2%
12:30 U.S. PPI excluding food and energy, Y/Y July +2.6% +2.3%
14:00 U.S. Business inventories June +0.3% +0.3%
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