Analytics, News, and Forecasts for CFD Markets: currency news — 16-04-2012.

The euro touched the lowest level against the yen since February as Spanish bond yields touched a 2012 high after a minister called on the European Central Bank to do more to stem debt-market turmoil. The euro slid against the yen after the cost of insuring Spain’s debt reached a record and Jaime Garcia-Legaz, the nation’s deputy economy minister, said in an interview on April 13 that the ECB should “step up purchases of bonds.”

The dollar rose earlier versus most major counterparts as data showed U.S. consumer purchases rose last month, damping speculation the Federal Reserve will add to monetary easing. Retail sales increased 0.8 percent, following a revised 1 percent advance in February, Commerce Department figures showed today in Washington.

China’s yuan tumbled against the dollar as the central bank doubled the daily trading band, reflecting declines in emerging- market currencies. Effective today the People’s Bank of China is allowing 1 percent moves from its daily fixing, after keeping the limit at 0.5 percent since May 2007.

EUR/USD $1.3025, $1.3100, $1.3115, $1.3110, $1.3120

USD/JPY Y80.00

EUR/CHF Chf1.2000

GBP/USD $1.5850

USD/CHF Chf0.9200

AUD/USD $1.0280, $1.0350

EUR/AUD A$1.2650

USD/CAD C$1.0000

EUR/USD
Offers $1.3140/50, $1.3120, $1.3090, $1.3060
Bids $1.2990/70, $1.2955/50, $1.2925/20, $1.2900

GBP/USD
Offers $1.5930/35, $1.5890/910, $1.5880, $1.5860/65
Bids $1.5810/00, $1.5780/70, $1.5750/40

USD/JPY
Offers Y81.60/65, Y81.45/50, Y81.25, Y80.85/00
Bids Y80.40/30, Y80.10/00, Y79.80/75, Y79.50, Y79.40/35

AUD/USD
Offers $1.0490/00, $1.0460/65, $1.0450/55, $1.0425/30, $1.0400/10, $1.0385/90
Bids $1.0300, $1.0275/70, $1.0255/50, $1.0225, $1.0200

EUR/JPY
Offers Y106.95/00, Y106.20/30, Y106.00, Y105.40/45
Bids Y104.65/60, Y104.00, Y103.60/50

EUR/GBP
Offers stg0.8320/25, stg0.8300, stg0.8275/80, stg0.8265/70
Bids stg0.8200, stg0.8180/75

Resistance 3: Y81.90 (Apr 10 high)
Resistance 2: Y81.55 (МА (200) for Н1, the top border of down channel from Apr 2)
Resistance 1: Y81.20 (Apr 13 high)
Current price: Y80.79
Support 1: Y80.45 (session low)
Support 1: Y80.20 (Feb 29 low)
Support 3: Y80.00 (Feb 28 low, border of down channel from Apr 2)

Resistance 3 : $1.5960 (resistance line from Apr 2)
Resistance 2 : $1.5880 (МА(200) for Н1)
Resistance 1 : $1.5850 (session high)
Current price: $1.5841
Support 1 : $1.5820 (session low, support line from Ap 5)
Support 2 : $1.5800 (Mar 26 low)
Support 3 : $1.5770 (Apr 22 low)

Комментарии: пара торгуется в области линии поддержки от 13 января, закрепление ниже которой откроет дорогу в область мартовских минимумов $1,5600.

Resistance 3 : $1.3170 (resistance line from Apr 3)
Resistance 2 : $1.3100 (support line from Apr 9 broken earlier, МА (200) for Н1)
Resistance 1 : $1.3050 (Apr 10 low)
Current price: $1.3036
Support 1 : $1.3000 (session low, low of March, psychological level)
Support 2 : $1.2975 (low of February)
Support 3 : $1.2930 (Jan 25 low)

EUR/USD $1.3025, $1.3100, $1.3115, $1.3110, $1.3120

USD/JPY Y80.00

EUR/CHF Chf1.2000

GBP/USD $1.5850

USD/CHF Chf0.9200

AUD/USD $1.0280, $1.0350

EUR/AUD A$1.2650

USD/CAD C$1.0000

23:01 United Kingdom Rightmove House Price Index (MoM) April +1.6% +2.9%

23:01 United Kingdom Rightmove House Price Index (YoY) April +2.2% +3.4%

The euro declined to a one-month low against the dollar before Spain auctions bills and bonds amid concern Europe’s debt crisis will continue. Spain will sell 12-month and 18-month bills tomorrow, followed by April 19 auctions of debt due in 2014 and 2022. Yields  on the nation’s 10-year notes soared as much as 18 basis points to 6 percent on April 13, edging toward the 7 percent level that pushed Greece, Ireland and Portugal into rescues. The 17-nation currency slid to its weakest versus the British pound since September 2010 after the cost of protecting Spain’s debt from nonpayment climbed to a record.

For the first time in seven months, traders are testing the Swiss National Bank’s determination to limit the franc’s strength against the euro as Europe’s resurgent debt crisis drives up demand for safer assets. The franc breached the central bank’s cap of 1.20 to the euro on April 5 and April 9, and options investors are predicting even more appreciation. It jumped 1.1 percent versus nine peers in a basket of currencies in March, the biggest gain since July, and is up 1.9 percent from a nine-month low on Jan. 11, according to data compiled by Bloomberg. Demand for Swiss assets is so strong that investors accepted negative yields at an auction of six-month government bills last week as Spain’s borrowing costs rose toward levels that prompted bailouts for Greece, Ireland and Portugal. The franc is climbing against its peers even after the central bank repeated a commitment to prevent increases that threaten to bring about deflation and hurt exports.

The Australian dollar fell for a second day as Asian stocks extended a global rout, reducing demand for higher-yielding assets.

EUR/USD: during the Asian session the pair continued Friday’s falling.

GBP/USD: during the Asian session the pair fell, continued decrease in Friday.

USD/JPY: during the Asian session the pair lowered below Y80.50.

European data starts at 0630GMT with the France BoF retail survey. The European data calendar then rounds off at 0900GMT with the

EMU trade balance for February. UK data at 0830GMT includes CML Mortgage Approvals data. US data starts at 1230GMT when retail sales are expected to rise 0.3% in March after a solid increase in February. At 1400GMT, US business inventories are forecast to rise 0.6% in February. Factory inventories were already reported up 0.4%, while wholesale inventories rose 0.9% in February. The annual revisions to the wholesale data released March 30 will be included in February business inventory data.

On Monday the euro rose against the U.S. dollar against the announcement of the fact that Spain will cut costs further E10 billion in the focus of market participants are data on the trade balance of Germany, which will be published. The data may show a fall in exports in February. According to a preliminary survey of economists, exports from the eurozone's largest economy, Germany is likely to decline by 1.2% in February compared with the previous month, when the index grew by 2.4%. The Canadian dollar rose against its U.S. counterpart after the Bank of Canada said that the spring survey of business sector reflects the optimism. The yen rose against all of its major peers as data showing Japan returned to a current-account surplus and tensions over a North Korean rocket launch bolstered the allure of the currency as an investment haven.

On Tuesday the yen rose for a fifth day versus the dollar and the euro after Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery is far from complete, spurring demand for haven amid bets the central bank will add stimulus. The euro fell to the lowest level in a month against the yen before Italy auctions bonds this week amid concern the region’s debt crisis is spreading. Italy will sell 11 billion euros ($14.4 billion) of bills, followed by an offering of debt due from 2015 to 2023.

On Wednesday the euro strengthened from a seven- week low against the yen as Spain’s bonds climbed after a board member of the European Central Bank indicated it may buy the nation’s debt to reduce borrowing costs. The yen weakened against all but one of its 16 most-traded peers amid speculation the Bank of Japan will add to monetary easing later this month. Britain’s pound strengthened after a report showed U.K. retail sales rose in March. It advanced 0.3 percent to $1.5903, and climbed as much as 0.5 percent, the most since March 30. Retail sales at U.K. stores open at least 12 months, measured by value, gained 1.3 percent from a year earlier, after sliding 0.3 percent in February, the London-based British Retail Consortium said.

On Thursday the dollar fell versus most major counterparts as data showed the most Americans since January filed for jobless benefits last week, supporting the argument that monetary policy should stay stimulative to spur growth. The euro strengthened versus the dollar as Italy’s 10-year bonds rose for a second day, pushing yields down from an almost two-month high of 5.73 percent reached. The yen dropped versus major peers as Bank of Japan Governor Masaaki Shirakawa said policy makers will “pursue powerful easing”. The pound fell as a result of published data on the trade balance. Sharp fall in exports to countries outside the EU in February, partly because of falling car exports in January increased the trade deficit.

On Friday the euro dropped against most of its major counterparts amid bets the European Central Bank won’t restart its government bond-purchase program even as Spanish credit-default swaps rose to a record. Euro slid after a report showed China’s economy expanded less than analysts forecast, adding to bets global growth is slowing. The British pound fell against the dollar after a report showed that producer prices in Britain rose again in March, confirming the stability of the inflationary pressures in the economy. Prices of output rose 0.6% m / m, exceeding the average forecast of 0.5%.Prices rose at the entrance of 1.9%, exceeding the forecast of 1.4%.

Resistance 3: Y82.55 (Apr 6 high)

Resistance 2: Y81.85 (Apr 10 high)

Resistance 1: Y81.20 (Apr 13 high)

The current price: Y80.85

Support 1: Y80.55 (Apr 11 low)

Support 2: Y80.00 (Feb 28 low)

Support 3: Y79.35 (Feb 20 low)

Resistance 3: Chf0.9335 (Mar 15 high)

Resistance 2: Chf0.9300 (Feb 16 high)

Resistance 1: Chf0.9255 (Mar 16 high)

The current price: Chf0.9129

Support 1: Chf0.9220 (Apr 5 high)

Support 2: Chf0.9185 (Apr 11 high)

Support 3: Chf0.9145 (Apr 10 high)

Resistance 3 : $1.5965 (Nov 13 high)

Resistance 2 : $1.5910 (low of the European session on Apr 13)

Resistance 1 : $1.5855 (session high)

The current price: $1.5825

Support 1 : $1.5800/05 (area of Apr 5-10 lows)

Support 2 : $1.5770 (Mar 22 low)

Support 3 : $1.5695 (Mar 16 low)

Resistance 3 : $1.3100 (Apr 12 low)

Resistance 2 : $1.3070 (Apr 13 low)

Resistance 1 : $1.3030 (Apr 9 low)

The current price: $1.3020

Support 1 : $1.3005 (Mar 15 low)

Support 2 : $1.2975 (Feb 16 low)

Support 3 : $1.2930 (Jan 25 low)

07:15 Switzerland Producer & Import Prices, m/m March +0.8% +0.5%

07:15 Switzerland Producer & Import Prices, y/y March -1.9% -1.8%

09:00 Eurozone Trade Balance s.a. February 5.9 4.3

12:30 Canada Foreign investment in Canadian securities February -4.2 7.2

12:30 U.S. Retail sales March +1.1% +0.4%

12:30 U.S. Retail sales excluding auto March +0.9% +0.6%

12:30 U.S. NY Fed Empire State manufacturing index April 20.21 18.2

13:00 U.S. Net Long-term TIC Flows February 101.0 43.1

13:00 U.S. Total Net TIC Flows February 18.8

14:00 U.S. Business inventories February +0.7% +0.7%

14:00 U.S. NAHB Housing Market Index April 28 28

16:30 U.S. FOMC Member Pianalto Speaks -

23:01 United Kingdom Nationwide Consumer Confidence March 44 42