- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: currency news — 14-11-2012.
The yen fell the most in eight months against the dollar after Prime Minister Yoshihiko Noda said he will dissolve parliament, paving the way for elections that polls show his Democratic Party of Japan will lose. Japan’s currency weakened versus most of its major peers amid speculation the opposition will win power and pressure the central bank into a more aggressive easing policy.
The dollar dropped versus the euro after Federal Reserve Vice Chairman Janet Yellen said she supports tying a low interest-rate outlook to economic goals and U.S. retail sales fell for the first time in four months.
Yellen joined three other Fed officials who have endorsed tying zero interest rates with progress on fighting unemployment as a way to provide more clarity on the central bank’s outlook for monetary policy. The policy-setting Federal Open Market Committee, which said last month it expects to keep its benchmark rate near zero through at least mid-2015, releases minutes from its October meeting today.
Retail sales in the U.S. fell 0.3 percent in October, following a 1.3 percent increase in September that was larger than previously reported, Commerce Department figures showed today in Washington. The median forecast of economists called for a drop of 0.2 percent.
The pound fell after the Bank of England lowered its growth forecasts. “The weaker gross domestic product profile reflects the judgment that the broader causes and repercussions of the financial crisis may bear down more forcefully on demand and productivity than assumed” previously, the central bank said in its quarterly Inflation Report published in London today. “There seems a greater risk that the U.K. economy may be in a period of persistent low growth.”
Both parties can work together to solve the problem of budget break
- OMT risks must be weighed against risk of inaction
- ECB would halt OMT if country failed conditionality
- Faulty mon pol transmission mechanism threatens price stability
- ECB will not lose focus on price stability goal
- Continued fiscal consolidation in EMU is essential
Spain has taken effective action on 2012 2013 budget
Risk of fiscal slippage in Spain autonomous regions
No further steps in excessive deficit procedure needed
Will closely monitor budgetary developments in Spain
Spain 2014 measures 'fall short'
EUR/USD $1.2700, $1.2725, $1.2750, $1.2810, $1.2900
GBP/USD $1.5900
AUD/USD $1.0385, $1.0400, $1.0420, $1.0450
USD/JPY Y79.20, Y79.25, Y79.35, Y79.40, Y79.85, Y80.00
EUR/GBP stg0.8100
AUD/JPY Y81.00Data
00:30 Australia Wage Price Index, q/q Quarter III +1.0% +0.8% +0.7%
00:30 Australia Wage Price Index, y/y Quarter III +3.7% +3.8% +3.7%
07:45 France CPI, m/m October -0.3% +0.2% +0.2%
07:45 France CPI, y/y October +2.2% +1.9% +2.1%
09:30 United Kingdom Claimant count October 0.8 -5.1 +10.1
09:30 United Kingdom Claimant Count Rate October 4.8% 4.8% 4.8%
09:30 United Kingdom ILO Unemployment Rate September 7.9% 7.9% 7.8%
09:30 United Kingdom Average Earnings, 3m/y September +1.7% +1.8% +1.8%
09:30 United Kingdom Average earnings ex bonuses, 3 m/y September +2.0% +2.0% +1%
10:00 Switzerland Credit Suisse ZEW Survey (Expectations) November -28.9 -25.0 -27.9
10:00 Eurozone Industrial production, (MoM) September +0.9% -1.6% -2.5%
10:00 Eurozone Industrial Production (YoY) September -2.9% -2.2% -2.3%
10:30 United Kingdom Bank of England Quarterly Inflation Report IV quarter
10:30 United Kingdom BOE Gov King Speaks -
Yen during trading showed the largest drop in the last two months against the dollar, after Prime Minister Yoshihiko Noda said he will dissolve parliament, paving the way for new vyborov.Takzhe negative impact on the currency had a message from Kyodo News, which says that the government is going to November 16 for the fourth consecutive decrease a country's economic growth. Recall that the published data this week showed a decline of the Japanese economy in the III quarter by 0.9% compared to the previous quarter, registering the first decline since 2011, which only confirms the fears that slowing global growth and tensions with China push its a recession.
Japan's currency weakened at 0.4% against all 16 major currencies on speculation that the opposition will win, and will increase the pressure on the central bank to carry out a more aggressive monetary policy, undermining demand for Japanese assets.
The dollar fell after the deputy chairman of the Federal Reserve Janet Yellen advocated support for the proposal to hold interest rates low for economic purposes.
The dollar index, which is used to track the value of the dollar against the currencies of six partners, reached 81.055.
The pound fell to a two-week low against the euro after the Bank of England said that the UK economy could shrink in the current quarter.
EUR / USD: during the European session, the pair set a high at $ 1.2755 and then decreased, and is now trading around $ 1.2727
GBP / USD: during the European session, the pair rose to $ 1.5900, but then fell sharply to $ 1.5850
USD / JPY: during the European session shows substantial growth, and is now trading at Y80.15
At 13:30 GMT the United States to declare changes in retail sales, changes in retail sales excluding auto sales, the change in volume of retail trade sales, excluding cars and fuel for October, and will also provide data on producer price index and producer price index, excluding prices for food and energy in October. At 15:00 GMT the U.S. will become aware of any change in stocks in commercial warehouses for September. At 19:00 GMT the U.S. will publish the minutes of the Fed in November. Finish the day at 21:30 GMT U.S. data on changes in the volume of crude oil, according to the API for November.
EUR/USD
Offers $1.2800, $1.2760
Bids $1.2680, $1.2655/50, $1.2630/20
GBP/USD
Offers $1.6000/10, $1.5980/85, $1.5940/50
Bids $1.5850, $1.5820, $1.5805/00, $1.5780
AUD/USD
Offers $1.0550, $1.0470/90, $1.0455/60
Bids $1.0400, $1.0385/80, $1.0350, $1.0300
EUR/JPY
Offers Y103.00, Y102.50, Y102.20
Bids Y101.55/50, Y101.40, Y101.20/15, Y101.00
USD/JPY
Offers Y81.00, Y80.80, Y80.50, Y80.15/20
Bids Y79.75/70, Y79.55/50, Y79.25/20, Y79.10
EUR/GBP
Offers stg0.8120, stg0.8100, stg0.8080, stg0.8040
Bids stg0.7965/60, stg0.7945/40, stg0.7900
EUR/USD $1.2700, $1.2725, $1.2750, $1.2810, $1.2900
GBP/USD $1.5900
AUD/USD $1.0385, $1.0400, $1.0420, $1.0450
USD/JPY Y79.20, Y79.25, Y79.35, Y79.40, Y79.85, Y80.00
EUR/GBP stg0.8100
AUD/JPY Y81.00
The euro touched two-month lows against the dollar and Swiss franc as European finance ministers struggled to agree on how to provide additional aid for Greece.
The 17-nation currency erased losses against the greenback climbed as U.S. stocks rose amid an increase in risk appetite. The dollar and yen gained versus most major peers after euro-area policy makers gave Greece two extra years to lower its budget deficit.
Euro-area finance ministers will reconvene in an “extraordinary meeting” next week to discuss Greece’s financing needs, according to a statement read out by Luxembourg Prime Minister Jean-Claude Juncker at the conclusion of a gathering in Brussels late. International Monetary Fund Managing Director Christine Lagarde said after the meeting that Greece’s creditors had “different views.”
The finance ministers put off until Nov. 20 a decision on how to cover additional Greek needs of as much as 32.6 billion euros ($41 billion). Lagarde disagreed with a decision by the officials to postpone the goal of getting Greece’s debt down to 120 percent of GDP by two years, until 2022.
A gauge of German investor sentiment unexpectedly fell. The ZEW Center for European Economic Research in Mannheim said its index of investor confidence, which is designed to predict economic developments six months in advance, dropped to minus 15.7, from minus 11.5 in October. Economists forecast an increase to minus 10.
The pound advanced versus most major peers after a report showed U.K. inflation accelerated more than economists forecast in October. U.K. consumer prices rose 2.7 percent from a year earlier, compared with 2.2 percent in September, the Office for National Statistics said in London. Inflation was forecast to quicken to 2.4 percent.
Asian session: The yen weakened
00:30 Australia Wage Price Index, q/q Quarter III +1.0% +0.8% +0.7%
00:30 Australia Wage Price Index, y/y Quarter III +3.7% +3.8% +3.7%
The yen weakened against all 16 major peers on speculation the Bank of Japan (8301) will act to rein in the currency’s strength as it hurts exporters’ earnings. The yen snapped a five-day advance versus the euro after Kyodo News reported the nation’s government will downgrade its monthly economic assessment, which is due Nov. 16, and as a rally in stocks curbed demand for safer assets. Kyodo reported the government will cut its economic assessment for a fourth consecutive month, citing people close to the matter. Data this week showed the nation’s gross domestic product contracted in the third quarter by the most since last year’s earthquake as exports slumped and consumer spending slid. The BOJ increased its asset-purchase program by 11 trillion yen ($138 billion) to 66 trillion yen on Oct. 30, saying the central bank and the government will make “utmost” efforts to overcome deflation. Governor Masaaki Shirakawa and his board next meet on Nov. 19-20.
The euro rebounded from the lowest level in two months as a technical indicator signaled its recent decline may have been too rapid. The 14-day relative strength index for the euro versus the dollar fell to 33.4 yesterday, near the 30 level that some traders see as a sign that an asset price may reverse course. A similar gauge for the single currency against the yen declined to 37.8.
Gains in the euro were limited before data today forecast to show industrial production fell in the currency bloc, adding to signs that the region’s debt crisis is hampering growth. Industrial output in the 17-member euro area declined 2 percent in September from August, when it increased 0.6 percent, according to the median estimate of economists in a Bloomberg News survey before the data release today.
EUR/USD: during the Asian session, the pair rose to yesterday's high.
GBP/USD: during the Asian session, the pair rose, departing from the previous day's low.
USD/JPY: during the Asian session, the pair rose to Y79.55.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2703 -0,04%
GBP/USD $1,5870 -0,04%
USD/CHF Chf0,9472 -0,10%
USD/JPY Y79,37 -0,16%
EUR/JPY Y100,83 -0,18%
GBP/JPY Y125,94 -0,18%
AUD/USD $1,0435 +0,08%
NZD/USD $0,8158 -0,21%
USD/CAD C$1,0019 +0,21%
00:30 Australia Wage Price Index, q/q Quarter III +1.0% +0.8% +0.7%
00:30 Australia Wage Price Index, y/y Quarter III +3.7% +3.8% +3.7%
07:45 France CPI, m/m October -0.3% +0.2%
07:45 France CPI, y/y October +1.9% +1.9%
09:30 United Kingdom Claimant count October -4.0 -5.1
09:30 United Kingdom Claimant Count Rate October 4.8% 4.8%
09:30 United Kingdom ILO Unemployment Rate September 7.9% 7.9%
09:30 United Kingdom Average Earnings, 3m/y September +1.7% +1.8%
09:30 United Kingdom Average earnings ex bonuses, 3 m/y September +2.0% +2.0%
10:00 Switzerland Credit Suisse ZEW Survey (Expectations) November -28.9 -25.0
10:00 Eurozone Industrial production, (MoM) September +0.6% -1.6%
10:00 Eurozone Industrial Production (YoY) September -2.9% -2.2%
10:30 United Kingdom Bank of England Quarterly Inflation Report IV quarter
10:30 United Kingdom BOE Gov King Speaks -
13:30 U.S. Retail sales October +1.1% 0.0%
13:30 U.S. Retail sales excluding auto October +1.1% +0.3%
13:30 U.S. PPI, m/m October +1.1% +0.2%
13:30 U.S. PPI, y/y October +2.1% +2.6%
13:30 U.S. PPI excluding food and energy, m/m October 0.0% +0.2%
13:30 U.S. PPI excluding food and energy, Y/Y October +2.3% +2.4%
19:00 U.S. FOMC meeting minutes -
21:00 New Zealand ANZ Job Advertisements (MoM) October -2.9%
21:30 New Zealand Business NZ PMI October 48.2
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
