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Analytics, News, and Forecasts for CFD Markets: currency news — 15-08-2012.
During today's trading the dollar reached a one month high against the yen amid rising Treasury yields, which reached a maximum of three.
At substantially strengthen the dollar against the euro yesterday's statement influenced Goldman Sachs Group Inc, under which it became known that the Federal Reserve hold until the revenge of the third round of bond purchases, known as quantitative easing.
An important event of the day, which is expected by many market participants began to yield data on the consumer price index, industrial production index and activity in the manufacturing sector from the Federal Reserve Bank of New York. As it became known volume of industrial production in the U.S. in July increased by 0.6%, compared with a forecast from analysts of 0.5%. At the same time, the consumer price index remained unchanged in June. However, the data output by the index of manufacturing activity has surprised many economists and traders, as in August, he moved into negative territory to the level of -5.9 to 7.39 in July. I would also like to note that positive data a little later was able to please the state of the housing market index from the NAHB, which amounted to 37 in August, compared with 35 in July.
Pound during the day trading in a narrow range. At its price today was influenced by data on unemployment, according to which there were reduced to the level of 8.0% to 8.1%. We also learned that the number of applications for unemployment benefits fell in July by 5.9 thousand people, compared with growth of 6.4 thousand in June. At the same time, many analysts expect that figure to grow by 6.3 thousand
Today the euro weakened on speculation that the Swiss National Bank sold foreign currency against the backdrop of increasing its foreign exchange reserves to record levels last month.
Canadian dollar finally made a breakthrough below $ 0.99, breaking the barrier a significant number of options that protect this level amid speculation that the North American economic growth will support the country's exports. The course continues to trade below the three-month lows against the dollar.
The dollar index (DXY) rose 0.2% to 82.673, as investors bet that the Fed will start the third round of asset purchases.
Data
00:30 Australia Westpac Consumer Confidence August +3.7% -2.5%
01:30 Australia Wage Price Index, q/q Quarter II +0.9% +0.9% +1.0%
01:30 Australia Wage Price Index, y/y Quarter II +3.6% +3.5% +3.7%
08:30 United Kingdom Bank of England Minutes -
08:30 United Kingdom Claimant count July 6.4 6.3 -5.9
08:30 United Kingdom Claimant Count Rate July 4.9% 4.9% 4.9%
08:30 United Kingdom ILO Unemployment Rate June 8.1% 8.1% 8.0%
08:30 United Kingdom Average Earnings, 3m/y June +1.5% +1.9% +1.6%
08:30 United Kingdom Average earnings ex bonuses, 3 m/y June +1.8% +1.9% +1.8%
The dollar rose against most major currencies on speculation that the Fed will refrain from further measures to mitigate the monetary and as investors await a report today on the level of industrial production in the United States.
The U.S. currency added against the yen, reaching with the highest level in nearly a month. Earlier, the euro strengthened against the yen after the Commissioner of European Economic and Monetary Affairs Commissioner Olli Rehn made it clear that Spain is considering the possibility to request international help to rein in borrowing costs.
The pound rose against major currencies after a report showed that the unemployment rate in Britain unexpectedly fell in July from 8.1% to 8%.
EUR / USD: during the European session, the pair has fallen sharply, while updating yesterday's low, and is now trading at $ 1.2275
GBP / USD: a pair of rose, setting the maximum at $ 1.5700, but now has receded a bit and is now trading at $ 1.5683
USD / JPY: during the European session, the pair shows strong growth, while establishing new highs
At 12:30 GMT the U.S. will provide data on the production index for August, Empire Manufacturing, consumer price index, consumer price index excluding prices for food and energy prices, consumer price index (not seasonally adjusted), the main consumer price index for July. At 13:00 GMT the U.S. will become aware of the amount of net purchases of long-term U.S. securities by foreign investors in June, and the total net amount of purchases of U.S. securities by foreign investors in June. At 13:15 GMT the U.S. will be released capacity utilization for July. At the same time the U.S. announces a change in industrial production in July. At 14:30 GMT the U.S. will present data on stocks of crude oil from the Ministry of Energy in August. At 22:45 GMT New Zealand will report on the Producer Price Index, the index of producer prices for the second quarter.
EUR/USD
Offers $1.2385/90, $1.2350
Bids $1.2310, $1.2280/70, $1.2265/60, $1.2240
AUD/USD
Offers $1.0550? $1.0520, $1.0500
Bids $1.0450, $1.0430, $1.0400, $1.0350
USD/JPY
Offers Y79.20/25? Y79.00
Bids Y78.70/65, Y78.50, Y78.30/25, Y78.15/10
EUR/JPY
Offers Y98.20, Y98.00, Y97.60
Bids Y96.80, Y96.55/50, Y96.20, Y96.05/00
GBP/USD
Offers $1.5780, $1.5750, $1.5730
Bids $1.5635/30, $1.5600
EUR/GBP
Offers stg0.7920, stg0.7900/05, stg0.7885
Bids stg0.7820, stg0.7810/00, stg0.7780/75, stg0.7755/50
EUR/USD $1.2200, $1.2210, $1.2225, $1.2300, $1.2350
USD/JPY Y78.25, Y78.10, Y78.00
EUR/JPY Y97.00
GBP/USD $1.5675
AUD/USD Y82.20
MPC Unanimously Backed Unchanged QE, Bank Rate In Aug
Most Members Aug Policy Decision Relatively Straightforward
But Some Members Saw Decision 'More Finely Balanced'
Some Saw 'Good Case' For More Asset Purchases In Aug
Most Wanted Take Stock FLS Over Coming Months
- And Implications FLS Had For 'Other Potential Policy Options'
00:30 Australia Westpac Consumer Confidence August +3.7% -2.5%
01:30 Australia Wage Price Index, q/q Quarter II +0.9% +0.9% +1.0%
01:30 Australia Wage Price Index, y/y Quarter II +3.6% +3.5% +3.7%
The dollar was 0.2 percent from an almost one-month high against the yen before data today that may add to signs of economic recovery in the U.S., curbing the chances of further monetary easing from the Federal Reserve. Industrial production in the U.S. probably rose 0.5 percent last month after a 0.4 percent gain in June, according to the median forecast of economists in a Bloomberg News survey before today’s data. The New York Fed’s general economic index is predicted to be at 7 in August, a separate poll indicated. Readings greater than zero signal expansion in the region and the last negative reading was in October.
Commerce Department figures yesterday showed July retail sales expanded by more than economists expected.
Demand for the euro was limited after figures yesterday showed gross domestic product contracted in Europe’s 17-nation currency bloc. GDP in the euro bloc fell 0.2 percent in the three months through June from the first quarter, when it stagnated, the European Union’s statistics office in Luxembourg said yesterday. Separate reports showed Germany’s expansion was faster than expected, while France avoided a contraction in the same period.
The Australian dollar slid versus its U.S. counterpart after a report today showed a consumer sentiment index published by Westpac Banking Corp. (WBC) and the Melbourne Institute declined 2.5 percent to 96.6 in August. A number below 100 indicates pessimists outnumber optimists. The so-called Aussie fell 0.1 percent to $1.0475 after earlier dropping to $1.0465, the lowest since Aug. 3.
EUR / USD: during the Asian session the pair traded in the range of $1.2315-30.
GBP / USD: during the Asian session the pair traded in the range of $1.5660-80.
USD / JPY: during the Asian session the pair rose, approaching to yesterday's high.
US data starts at 1100GMT with the weekly MBA Mortgage Application Index data. This is followed at 1230GMT by the July Consumer Price Index and August NY Fed Empire State Survey. The June Treasury International Capital System (TICS) data follows at 1300GMT, while at 1315GMT, industrial production is expected to increase 0.5% in July. This is followed at 1400GMT by the August Housing Market Index from the NAHB and then weekly EIA Crude Oil Stocks data at 1430GMT. Later on, at midnightGMT, Minneapolis Fed President Naryana Kocherlakota speaks at an event in Minot, North Dakota and afterwards will answer questions from the audience.
Yesterday, 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 Monday'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 Monday's low against the dollar and continue its decline even further.
Also pleased with the dynamics of trading, and the Australian dollar, which fell on the session for more than half of the figure, updating the at least Friday.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2317 -0,12%
GBP/USD $1,5677 -0,01%
USD/CHF Chf0,9749 +0,12%
USD/JPY Y78,73 +0,52%
EUR/JPY Y96,98 +0,41%
GBP/JPY Y123,40 +0,49%
AUD/USD $1,0486 -0,29%
NZD/USD $0,8050 -0,50%
USD/CAD C$0,9919 -0,05%
00:30 Australia Westpac Consumer Confidence August +3.7% -2.5%
01:30 Australia Wage Price Index, q/q Quarter II +0.9% +0.9% +1.0%
01:30 Australia Wage Price Index, y/y Quarter II +3.6% +3.5% +3.7%
08:30 United Kingdom Bank of England Minutes -
08:30 United Kingdom Claimant count July 6.4 6.3
08:30 United Kingdom Claimant Count Rate July 4.9% 4.9%
08:30 United Kingdom ILO Unemployment Rate June 8.1% 8.1%
08:30 United Kingdom Average Earnings, 3m/y June +1.5% +1.9%
08:30 United Kingdom Average earnings ex bonuses, 3 m/y June +1.8% +1.9%
12:30 U.S. CPI, m/m July 0.0% +0.2%
12:30 U.S. CPI, Y/Y July +1.7% +1.5%
12:30 U.S. CPI excluding food and energy, m/m July +0.2% +0.2%
12:30 U.S. CPI excluding food and energy, Y/Y July +2.2% +2.2%
12:30 U.S. NY Fed Empire State manufacturing index August 7.39 6.7
13:00 U.S. Total Net TIC Flows June 101.7
13:00 U.S. Net Long-term TIC Flows June 55.0 63.5
13:15 U.S. Industrial Production (MoM) July +0.4% +0.5%
13:15 U.S. Capacity Utilization July 78.9% 79.3%
14:00 U.S. NAHB Housing Market Index August 35 34
14:30 U.S. Crude Oil Inventories - -3.7
22:00 New Zealand ANZ Job Advertisements (MoM) July -1.4%
22:30 New Zealand Business NZ PMI July 50.2
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