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Analytics, News, and Forecasts for CFD Markets: currency news — 16-03-2012.
The dollar weakened against most of its major peers after U.S. inflation data fueled speculation Federal Reserve policy makers will maintain economic stimulus.
The U.S. currency fell against the 17-nation euro as a gauge of consumer prices excluding food and energy rose less than forecast. The U.S. consumer-price index climbed 0.4 percent, matching the median forecast of economists surveyed by Bloomberg News, the Labor Department reported today in Washington. The core measure, which excludes more volatile food and energy costs, climbed 0.1 percent, less than projected. U.S. industrial production was little changed last month, compared to a predicted 0.4 percent expansion, the Federal Reserve reported today, and consumer confidence decreased in March. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment fell to 74.3 in March from 75.3 the prior month. The gauge was projected to rise to 76.
According to the Fed the amount of outstanding commercial debt securities of U.S. companies in terms of value rose for the week ending March 14, to 11.2 billion dollars to 936.8 billion dollars the previous week reduction rate was 1.7 billion dollars.
According to informed sources, the eurozone may extend the total amount of funds save nearly 700 billion euros, compared with existing currently 500 billion euros.
Recall that the finance ministers of the bloc will discuss changes in the size of the European Foundation for the European financial stability and stabilization mechanism at a meeting to be held in Copenhagen from 30-31 March.
EUR/USD $1.2950, $1.3000, $1.3100, $1.3130, $1.3150
USD/JPY Y83.00, Y83.35, Y83.50, Y83.75
GBP/USD $1.5650, $1.5675, $1.5700
GBP/JPY Y131.00
USD/CHF Chf0.9300
AUD/USD $1.0450, $1.0550, $1.0630
USD/CAD C$0.9850
AUD/USD
Ордера на продажу $1.0645/50, $1.0600/20, $1.0555/60
Ордера на покупку $1.0475/70, $1.0455/50, $1.0425, $1.0400
EUR/JPY
Ордера на продажу Y110.45/50, Y109.95
Ордера на покупку Y108.60/55, Y108.40/35, Y108.00/90, Y107.80/70
USD/JPY
Ордера на продажу Y84.90, Y84.75, Y84.50, Y84.25
Ордера на покупку Y83.00, Y82.85/80, Y82.55/50
Resistance 3: Y85.50 (high of 2011)
Resistance 2: Y84.50 (psychological level)
Resistance 1: Y84.20 (area of Mar 15 high)
Current price: Y83.70
Support 1: Y83.20 (area of Mar 15-16 low)
Support 2: Y82.70 (intraday low on Mar 13, Mar 9 high)
Support 3: Y81.90 (Mar 13 low, Mar 5 high)
Resistance 3: Chf0.9380 (Jan 23 high)
Resistance 2: Chf0.9330 (Mar 15 high)
Resistance 1: Chf0.9255 (session high)
Current price: Chf0.9268
Support 1: Chf0.9200 (Mar 15 low)
Support 2: Chf0.9140 (Mar 13 low)
Support 3: Chf0.9070 (Mar 8 low)
Resistance 3 : $1.5830 (area of Mar 8-9 high, 61.8 % FIBO $1.5990-$ 1.5600)
Resistance 2 : $1.5800 (area of 50.0% FIBO $1.5990-$ 1.5600)
Resistance 1 : $1.5750/40 (area of Mar 13-16 high, 38.2 % FIBO $1.5990-$ 1.5600)
Current price: $1.5732
Support 1 : $1.5700/90 (area of session low)
Support 2 : $1.5630 (Mar 15 low)
Support 3 : $1.5600 (Mar 12 low, 50.0 % FIBO $1.5230-$ 1.5990)
Resistance 3 : $1.3190 (Mar 13 high)
Resistance 2 : $1.3120 (Mar 15 high, МА (200) for Н1)
Resistance 1 : $1.3100 (session high)
Current price: $1.3065
Support 1 : $1.3045 (session low)
Support 2 : $1.3000 (Mar 15 low)
Support 3 : $1.2975 (low of February)
EUR/USD $1.2950, $1.3000, $1.3100, $1.3130, $1.3150
USD/JPY Y83.00, Y83.35, Y83.50, Y83.75
GBP/USD $1.5650, $1.5675, $1.5700
GBP/JPY Y131.00
USD/CHF Chf0.9300
AUD/USD $1.0450, $1.0550, $1.0630
USD/CAD C$0.9850
Asian stocks swung between gains and losses as U.S. jobs and manufacturing data added to signs the world’s biggest economy is recovering. Gains were limited as Japanese exporters fell amid a rebound in the yen.
Nikkei 225 10,129.83 +6.55 +0.06%
Hang Seng 21,317.85 -35.68 -0.17%
S&P/ASX 200 4,276.16 -1.61 -0.04%
Shanghai Composite 2,404.74 +30.96 +1.30%
Li & Fung Ltd. rose 3.1 percent in Hong Kong after Goldman Sachs Group Inc. recommended buying shares of supplier to Wal- Mart Stores Inc.
Honda Motor Co., Japan’s second-largest carmaker by market value, dropped 0.6 percent.
Hyundai Wia Corp. slumped 5.1 percent in Seoul after South Korean automakers sold shares in the parts manufacturer at a discount.
Yesterday the yen climbed from an 11-month low against the dollar as investors wagered that its largest four-day decline since November may have happened too quickly. The Japanese central bank unexpectedly added 10 trillion yen ($120 billion) to its asset-purchase program at its Feb. 14 meeting and Governor Masaaki Shirakawa indicated the central bank will keep using monetary policy as a tool to tackle deflation on March 13. The Federal Reserve raised its outlook for U.S. growth at its meeting the same day, reducing expectations of a third round of bond purchases.
The pound weakened for the first time in three days against the euro after Fitch Ratings said the U.K. risks losing its top investment grade. The U.K. currency fell against 11 of its 16 major counterparts after Fitch changed its rating outlook yesterday on Britain to negative, citing a weak recovery and high debt levels. Fitch said its decision “reflects the very limited fiscal space to absorb further economic shocks in light of such elevated debt levels and a potentially weaker than currently forecast economic recovery.” The U.K. government is implementing the biggest squeeze on government spending since World War II as it attempts to reduce the nation’s deficit.
The Swiss franc climbed from a seven-week low against the dollar as the Swiss National Bank predicted the economy will expand 1 percent this year, twice as much as its previous estimate. Policy makers led by interim Chairman Thomas Jordan, maintained their ceiling for the currency at 1.20 francs per euro, and pledged to defend the cap with their “utmost determination.” The SNB forecast that consumer prices will fall 0.6 percent this year, before inflation returns in 2013 with a rate of 0.3 percent, accelerating to 0.6 percent in 2014.
EUR/USD: yesterday the pair rose in area $1.3100.
GBP/USD: yesterday the pair gain on a floor of a figure, closed day above $1.5700.
USD/JPY: yesterday the pair showed new year’s high, however fell below Y84.00 later.
On Friday EMU data sees the 1000GMT release of January trade data. US data starts at 1230GMT with CPI, which is expected to rise
0.5% in February after rising 0.2% in January both overall and excluding food and energy. Industrial production data follows at 1315GMT and is expected to rise 0.5% in February after holding steady in January. At 1355GMT, the Michigan Sentiment Index is expected to rise to a reading of 76.0 in early March from the 75.3 final February reading. Later on, at 1900GMT, Chicago Fed President Charles Evans speaks to the International Research eForum on Monetary Policy in Frankfurt. Late US data then sees the 2015GMT release of C&I Loans data.
Asian stocks rose a third day as Japanese exporters advanced after the dollar rose against the yen ahead of reports expected to show a strengthening U.S. economic recovery. Mining companies fell on lower metal prices.
Chinese Premier Wen Jiabao said yesterday home prices remain far from reasonable and relaxing curbs could cause “chaos” in the market.
Nikkei 10,123.28 +72.76 +0.72%
Hang Seng 21,353.53 +45.64 +0.21%
S&P/ASX 200 4,277.77 -9.41 -0.22%
Shanghai Composite 2,373.77 -17.46 -0.73%
Toyota rose 2.9 percent to 3,585 yen in Tokyo.
Honda Motor Co., a carmaker that gets more than 80 percent of its revenue overseas, increased 3.5 percent to 3,295 yen.
Ricoh rose 7.9 percent to 805 yen in Tokyo, the biggest gain on the MSCI Asia Pacific Index. Citigroup analyst Masahiro Shibano recommended investors buy the stock, saying profit may rebound next fiscal year.
European stocks climbed for a third day, extending the Stoxx Europe 600 Index’s highest level since July, as U.S. jobs and manufacturing data added to optimism the recovery in the world’s largest economy is gaining momentum.
The number of Americans applying for jobless benefits fell by 14,000 to 351,000 in the week ended March 10, Labor Department figures showed today. Claims reached the same level a month ago, the lowest since March 2008.
Manufacturing in the New York region expanded in March at the fastest pace since June 2010, while Philadelphia factory output grew the most in almost a year.
Gains in Europe were limited today as Fitch said Britain risks losing its top investment grade because of its limited ability to deal with shocks.
National benchmark indexes rose in 14 of the 18 western European markets. Germany’s DAX added 0.9 percent and France’s CAC 40 climbed 0.4 percent. The U.K.’s FTSE 100 declined 0.1 percent as Fitch Ratings said Britain risks losing its top credit grade.
H&M added 2.4 percent to 249.60 kronor after comparable sales advanced 2 percent in February from a year earlier. Same- store sales were expected to drop 1 percent, according to an SME Direkt poll of analysts.
Aixtron rallied 15 percent to 14.40 euros, the biggest gain since October 2008, as Deutsche Bank upgraded the maker of equipment for the semiconductor and lighting-technology industries to buy.
HeidelbergCement AG climbed 5.1 percent to 44.57 euros. The world’s third-largest maker of cement predicted operating profit and sales will rise this year on growth in Asia and Africa and a weaker increase in raw material and energy costs. Net income in 2011 increased 4.5 percent to 534 million euros.
Pernod-Ricard paced declining shares, falling 2.1 percent to 80.38 euros after Groupe Bruxelles Lambert sold 6.2 million shares for 80.60 euros each.
U.S. stocks advanced, sending the Standard & Poor’s 500 Index above 1,400 for the first time in almost four years, as data showed manufacturing in the New York region unexpectedly increased and jobless claims declined.
Equities rose today as manufacturing in the New York region expanded in March at the fastest pace since June 2010. Claims for jobless benefits fell last week, matching the lowest level in four years, more evidence the labor market is improving. Separate data showed that the Federal Reserve Bank of Philadelphia’s general economic index increased to 12.5 in March from 10.2 last month, beating economists’ estimates.
Dow 13,252.76 +58.66 +0.44%, Nasdaq 3,056.37 +15.64 +0.51%, S&P 500 1,402.60 +8.32 +0.60%
Bank of America (ВАС) rose the most in the Dow, adding 4.5 percent to $9.24. The KBW Bank Index rallied 2.7 percent as all of its 24 stocks advanced. The gauge has surged 8.8 percent in three days following dividend increases this week by banks including JPMorgan Chase & Co. (JPM) Shares of the New York-based bank increased 2.6 percent to $44.70.
Advanced Micro Devices Inc. gained 6.3 percent to $8.25. The second-largest maker of processors for personal computers was moved to buy from hold at Jefferies, which increased the 12- month price estimate to $10.50 from $7.
Cisco Systems Inc. (CSCO) dropped 1.4 percent, the most in the Dow, to $19.91. The maker of equipment for computer networks agreed to buy NDS Group Ltd. in a deal valued at about $5 billion to add software used in next-generation video services.
Guess Inc. tumbled 10 percent, the most in the Russell 1000 Index, to $32.97. The clothing retailer forecast fiscal 2013 earnings of no more than $2.65 a share, below the average analyst estimate of $3.16 a share.
Resistance 3: Y84.80 (Apr 12 high)
Resistance 2: Y84.20 (Mar 15 high)
Resistance 1: Y83.65 (session high)
The current price: Y83.51
Support 1: Y83.15 (Mar 15 low)
Support 2: Y82.65 (low of the American session on Mar 13)
Support 3: Y81.95 (Mar 13 low)
Resistance 3 : $1.5835 (Mar 8-9 high)
Resistance 2 : $1.5805 (high of the American session on Mar 9)
Resistance 1 : $1.5735 (Mar 15 high)
The current price: $1.5710
Support 1 : $1.5690 (session low)
Support 2 : $1.5630 (Mar 15 low)
Support 3 : $1.5600 (Mar 12 low, psychological level)
Resistance 3 : $1.3230 (high of the American session on Mar 9)
Resistance 2 : $1.3190 (Mar 13 high)
Resistance 1 : $1.3120 (Mar 15 high)
The current price: $1.3085
Support 1 : $1.3065 (session low)
Support 2 : $1.3005 (Mar 15 low)
Support 3 : $1.2975 (low of Feb)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3078 +0,37%
GBP/USD $1,5711 +0,29%
USD/CHF Chf0,9231 -0,79%
USD/JPY Y83,53 -0,18%
EUR/JPY Y109,26 +0,21%
GBP/JPY Y131,24 +0,17%
AUD/USD $1,0528 +0,76%
NZD/USD $0,8195 +1,20%
USD/CAD C$0,9918 -0,15%
10:00 Eurozone Trade Balance s.a. January 7.5 6.2
12:30 Canada Foreign investment in Canadian securities January 7.38 6.27
12:30 U.S. CPI, m/m February +0.2% +0.4%
12:30 U.S. CPI, Y/Y February +2.9% +2.9%
12:30 U.S. CPI excluding food and energy, m/m February +0.2% +0.2%
12:30 U.S. CPI excluding food and energy, Y/Y February +2.3% +2.2%
12:30 Canada Manufacturing Shipments (MoM) January +0.6% +0.6%
13:15 U.S. Industrial Production (MoM) February 0.0% +0.4%
13:15 U.S. Capacity Utilization February 78.5% 78.9%
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (preliminary) March 75.3 75.7
14:00 U.S. API Monthly Report February
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