Analytics, News, and Forecasts for CFD Markets: currency news — 15-05-2012.

EUR/USD $1.2750, $1.2800, $1.2850, $1.2900, $1.2925, $1.2950

USD/JPY Y79.50, Y79.55, Y79.75, Y80.00

GBP/USD $1.6100

AUD/USD $0.9975, $1.0000, $1.0150

EUR/USD

Offers $1.3000, $1.2980, $1.2920/50, $1.2870/90

Bids $1.2800, $1.2780/75 

GBP/USD

Offers $1.6200/05, $1.6150/55, $1.6115/25

Bids $1.6010/00, $1.5980, $1.5965/60

Resistance 3: Y81.20 (38,2 % FIBO Y84,20-Y79,40)
Resistance 2: Y80.55/60 (area of maxima on May, 2-3nd)
Resistance 1: Y80.20 (a maximum on May, 14th, a line of resistance from March, 23rd))
The current price: Y79.92
Support 1: Y79.70 (area of May 11-14 lows)
Support 2: Y79.40 (May 9 low)
Support 3: Y79.15 (61,8 % FIBO Y76.00-Y84.20)

Resistance 3: Chf0.9500 (psychological level)
Resistance 2: Chf0.9400 (psychological level, resistance line from November’2010)
Resistance 1: Chf0.9370/80 (area of session high, May 14 high and Jan 23 high)
Current price: Chf0.9344
Support 1: Chf0.9330 (session low)
Support 2: Chf0.9300 (earlier resistance, area May 9 and 11 highs)
Support 3: Chf0.9255 (May 10 low, МА (200) for Н1)

Resistance 3 : $1.6150 (resistance line from May 7)

Resistance 2 : $1.6110/20 (session high, May 14 high)

Resistance 1 : $1.6080 (intraday high)

Current price: $1.6049

Support 1 : $1.6040 (session low)

Support 2 : $1.6000 (61,8 % FIBO $1,5820-$ 1,6300, Apr 19 low, psychological level, support line from Jan 13)

Support 3 : $1.5900 (psychological level)

EUR/USD $1.2750, $1.2800, $1.2850, $1.2900, $1.2925, $1.2950

USD/JPY Y79.50, Y79.55, Y79.75, Y80.00

GBP/USD $1.6100

AUD/USD $0.9975, $1.0000, $1.0150

01:30 Australia RBA Meeting's Minutes -

01:30 Australia New Motor Vehicle Sales (MoM) April +4.0% -0.7%

01:30 Australia New Motor Vehicle Sales (YoY) April +4.0% +7.3%

05:00 Japan Consumer Confidence April 40.3 40.9 40.0

The euro traded near an almost four- month low amid mounting doubts that Greece can avoid an exit from the currency union as the region’s finance ministers meet for a second day in Brussels. Greece’s president will call a meeting of leaders of all parliamentary parties except for an ultra-nationalist party today to make the case for a government of prominent non- politicians. The 17-nation currency traded 0.3 percent from a three-month low against the yen before a report forecast to show Europe’s economy contracted. The euro-region’s gross domestic product probably fell 0.2 percent in the first quarter from the previous three-month period when it contracted 0.3 percent, according to economists surveyed by Bloomberg News. The European Commission releases the data today.

In France, Francois Hollande is to be sworn in today as president of the second-biggest euro economy, in the nation’s first power shift to the Socialists since 1981. Hollande’s bid to inject a pro-growth element into the austerity-dominated approach to the region’s debt crisis got a boost on May 13 when German Chancellor Angela Merkel’s party was drubbed in elections in Germany’s largest, most industrial state, North Rhine-Westphalia. Merkel is set to host Hollande in Berlin today hours after his inauguration.

The dollar remained higher against most of its major peers before the Federal Reserve releases minutes tomorrow of its last board meeting. The Fed will release the minutes from its April 25 gathering tomorrow. Chairman Ben S. Bernanke said after the meeting that he’s prepared to “do more” to boost the economic recovery and ensure that inflation remains close to target.

The U.S. consumer-price index probably rose 2.3 percent in April from a year earlier, down from 2.7 percent in March, according to the median economist estimate in a Bloomberg poll before the data today.

EUR/USD: the pair traded in a range $1.2815-$1.2840.

GBP/USD: the pair traded  in a range $1.6085-$1.6105.

USD/JPY: the pair traded  in range Y79.80-Y79.95.

This morning in Europe sees the release of the flash Q1 GDP data, starting with France at 0530GMT, which is expected to come in flat on the quarter. German flash GDP data is due at 0600GMT and is expected to rise just 0.1% q/q. Also in Europe today, from 0630GMT, the Ecofin EU finance ministers are due to discuss issues relating to the European Investment Bank, bank capital rules, and savings tax agreements with Switzerland, at a meeting in Brussels. France employment data is due at 0645GMT, while Italy releases Q1 flash

GDP at 0800GMT. UK trade data at 0830GMT is expected to see a reduction in the trade balance to -8.4 billion with the non-EU balance at -4.7 billion and total trade at -2.9 billion. The EMU GDP data comes at 0900GMT along with the Germany ZEW  data and is expected to show a reading of -0.2% q/q.  At 1745GMT, German Chancellor Angela Merkel and French President Francois Hollande give a press conference after a meeting in Berlin. US data starts at 1145GMT with the ICSC weekly mail sales data, while at 1230GMT, retail sales, CPI and the NY Fed Empire State Survey are all due. US data continues at 1255GMT with the weekly Redbook chain store sales data and then at 1300GMT by the Treasury International Capital System totals (TICS) data. At 1330GMT, Federal Reserve Governor Elizabeth Duke speaks to the National Association of Realtors in Washington. Further US data at 1400GMT sees Business Inventories as well as the Housing Market Index from the NAHB.

Yesterday the euro dropped to its lowest level in almost four months against the dollar as a leadership vacuum in Greece prompted European officials to weigh prospects for the currency union’s first Alexis Tsipras, who heads Greece’s anti-bailout Syriza party, wouldn’t attend a meeting called by President Karolos Papoulias today, the Athens-based party said in a statement. Syriza rejected a unity government last week following inconclusive elections on May 6. Greece may face another vote unless leaders can agree on a new coalition.

Australia’s currency dropped below parity with the greenback for the first time this year as global stocks and commodities fell.

Sterling rallied against all of its 16 most-traded peers as investors sought an alternative to the shared currency. The pound gained as much as 0.9 percent to 79.63 pence per euro, the most since November 2008, before trading at 79.75 pence, up 0.8 percent. It rose 0.3 percent to $1.6109.

EUR/USD: yesterday the pair fell to a floor of a figure.

GBP/USD: yesterday the pair gain in the moment above $1.6100.

USD/JPY: yesterday in first half of day the pair rose above Y80.00, however fell below a Friday’s low later.

This morning in Europe sees the release of the flash Q1 GDP data, starting with France at 0530GMT, which is expected to come in flat on the quarter. German flash GDP data is due at 0600GMT and is expected to rise just 0.1% q/q. Also in Europe today, from 0630GMT, the Ecofin EU finance ministers are due to discuss issues relating to the European Investment Bank, bank capital rules, and savings tax agreements with Switzerland, at a meeting in Brussels. France employment data is due at 0645GMT, while Italy releases Q1 flash

GDP at 0800GMT. UK trade data at 0830GMT is expected to see a reduction in the trade balance to -8.4 billion with the non-EU balance at -4.7 billion and total trade at -2.9 billion. The EMU GDP data comes at 0900GMT along with the Germany ZEW  data and is expected to show a reading of -0.2% q/q.  At 1745GMT, German Chancellor Angela Merkel and French President Francois Hollande give a press conference after a meeting in Berlin. US data starts at 1145GMT with the ICSC weekly mail sales data, while at 1230GMT, retail sales, CPI and the NY Fed Empire State Survey are all due. US data continues at 1255GMT with the weekly Redbook chain store sales data and then at 1300GMT by the Treasury International Capital System totals (TICS) data. At 1330GMT, Federal Reserve Governor Elizabeth Duke speaks to the National Association of Realtors in Washington. Further US data at 1400GMT sees Business Inventories as well as the Housing Market Index from the NAHB.

Resistance 3: Y80.50/55 (area of May 2-3 high)

Resistance 2: Y80.20 (May 14 high)

Resistance 1: Y79.95 (session high)

The current price: Y79.85

Support 1: Y79.65 (May 14 low)

Support 2: Y79.40 (May 9 low)

Support 3: Y79.15 (61,8% FIBO Y76.00-Y84.20)

Resistance 3: Chf0.9445 (Jan 17 low)

Resistance 2: Chf0.9410 (Jan 19 high)

Resistance 1: Chf0.9375 (May 14 high)

The current price: Chf0.9358

Support 1: Chf0.9340 (low of the American session on May 14)

Support 2: Chf0.9305 (May 14 low)

Support 3: Chf0.9255/70 (area of May 10-11 low)

Resistance 3 : $1.6240 (May 1-2 high)

Resistance 2 : $1.6180/00 (area of May 7-10 high)

Resistance 1 : $1.6120 (May 14 high)

The current price: $1.6091

Support 1 : $1.6085 (session low)

Support 2 : $1.6050 (May 14 low)

Support 3 : $1.6035 (Apr 20 low)

Resistance 3 : $1.2960/80 (area of May 10-11 high)

Resistance 2 : $1.2905 (May 14 high)

Resistance 1 : $1.2860 (high of the American session on May 14)

The current price: $1.2831

Support 1 : $1.2815 (session low)

Support 2 : $1.2730 (Jan 18 low)

Support 3 : $1.2700 (psychological level)

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

EUR/USD $1,2825 -0,71%

GBP/USD $1,6096 +0,19%

USD/CHF Chf0,9363 +0,69%

USD/JPY Y79,86 -0,08%

EUR/JPY Y102,43 -0,79%

GBP/JPY Y128,53 +0,09%

AUD/USD $0,9955 -0,63%

NZD/USD $0,7770 -0,72%

USD/CAD C$1,0028 +0,25%

01:30 Australia RBA Meeting's Minutes -

01:30 Australia New Motor Vehicle Sales (MoM) April +4.0%

01:30 Australia New Motor Vehicle Sales (YoY) April +4.0%

05:00 Japan Consumer Confidence April 40.3 40.9

05:30 France GDP, q/q (preliminary) Quarter I +0.2% 0.0%

05:30 France GDP, Y/Y (preliminary) Quarter I +2.5% +0.5%

05:30 France CPI, m/m April +0.8% +0.3%

05:30 France CPI, y/y April +2.3% +2.2%

06:00 Germany GDP (QoQ) (preliminary) Quarter I -0.2% +0.1%

06:00 Germany GDP (wda) (YoY) (preliminary) Quarter I +1.5% +0.9%

06:45 France Non-Farm Payrolls (preliminary) Quarter I -0.1% -0.2%

08:30 United Kingdom Trade in goods March -8.8 -8.4

09:00 Germany ZEW Survey - Economic Sentiment May 23.4 19.2

09:00 Eurozone ZEW Economic Sentiment May 13.1 11.7

09:00 Eurozone GDP (QoQ) (preliminary) Quarter I -0.3% -0.2%

09:00 Eurozone GDP (YoY) Quarter I +0.7% -0.2%

09:00 Eurozone ECOFIN Meetings -

12:30 U.S. NY Fed Empire State manufacturing index May 6.56 9.30

12:30 U.S. CPI, m/m April +0.3% +0.1%

12:30 U.S. CPI, Y/Y April +2.7% +2.4%

12:30 U.S. CPI excluding food and energy, m/m April +0.2% +0.2%

12:30 U.S. CPI excluding food and energy, Y/Y April +2.3% +2.3%

12:30 U.S. Retail sales April +0.8% +0.2%

12:30 U.S. Retail sales excluding auto April +0.8% +0.3%

13:00 U.S. Net Long-term TIC Flows March 10.1 19.4

13:00 U.S. Total Net TIC Flows March 107.7

13:30 U.S. FOMC Member Elizabeth Duke Speaks -

14:00 U.S. Business inventories March +0.6% +0.5%

14:00 U.S. NAHB Housing Market Index May 25 26

23:50 Japan Core Machinery Orders, y/y March +8.9% +4.4%

23:50 Japan All Industry Activity Index, m/m March 0.0% -0.3%