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Analytics, News, and Forecasts for CFD Markets: currency news — 16-07-2012.
The next target for growth is the level of $ 1.2300, which is the MA (200) for H1.
The dollar fell against the yen and erased gains versus the euro after U.S. retail sales unexpectedly fell for a third month, adding to speculation the Federal Reserve will take further steps to bolster the economy.
The euro reached a six-week low against the yen as the inflation rate in the currency region last month matched the lowest since February 2011. The yen rose versus most of its major counterparts as the Dollar Index erased gains before Fed Chairman Ben S. Bernanke testifies to Congress tomorrow on the state of the economy.
The Dollar Index erased gains after a Commerce Department report showed U.S. retail sales dropped 0.5 percent in June. The gauge, which Intercontinental Exchange Inc. uses to track the greenback against the currencies of six major U.S. trading partners, fell 0.1 percent to 83.235. It increased 0.4 percent earlier.
EUR/USD $1.2200, $1.2250, $1.2300, $1.2325, $1.2350
USD/JPY Y79.25
GBP/USD $1.5500
AUD/USD $1.0190, $1.0300
EUR/AUD A$1.2000
EUR/USD
Offers $1.2300, $1.2240, $1.2220
Bids $1.2180, $1.2170/65, $1.2160/50, $1.2125/20
AUD/USD
Offers $1.0350, $1.0300, $1.0250
Bids $1.0200, $1.0180/75, $1.0150, $1.0125/20, $1.0110
GBP/USD
Offers $1.5650, $1.5600/20, $1.5545/55,
Bids $1.5505/495, $1.5480/70, $1.5455/40
EUR/GBP
Offers stg0.8010, stg0.8000/05, stg0.7980/85, stg0.7950, stg0.7910/20, stg0.7885/90
Bids stg0.7810/00
EUR/JPY
Offers Y98.00, Y97.70/75, Y97.50, Y97.30/35, Y97.00
Bids Y96.00, Y95.50, Y95.00
USD/JPY
Offers Y80.00, Y79.75/80, Y79.50, Y79.30/40
Bids Y78.50
Resistance 3: Y79.55 (MA (200) for H1, July 5 low)
Resistance 2: Y79.30 (MA(100) for H1)
Resistance 1: Y79.12 (July 11 low)
Current price: Y78.99
Support 1: Y78.78 (June 20 low)
Support 2: Y78.60 (June 15 low)
Support 3: Y78.10 (June 5 low)
Resistance 3: Chf1.0000 (psychological level)
Resistance 2: Chf0.9910 (December 2010 high)
Resistance 1: Chf0.9875 (July 13 high)
Current price: Chf0.9856
Support 1: Chf0.9785 (session low)
Support 2: Chf0.9765 (July 11 low)
Support 3: Chf0.9735 (July 10 low)
Resistance 3: $ 1.5645 (76.4% at FIBO ($ 1.5395-$ 1.5722), July 2 low)
Resistance 2: $ 1.5625 (July 5 high)
Resistance 1: $ 1.5595 (session high)
Current Price: $ 1.5537
Support 1: $ 1.5505 (MA (100) for H1, July 5 low)
Support 2: $ 1.5460/70 (23.6% of FIBO ($ 1.5395-$ 1.5722), July 6 low)
Support 3: $ 1.5395 (July 12 low)
Resistance 3: $ 1.2365 (38.2% of FIBO ($ 1.2163-$ 1.2695), July 5 low)
Resistance 2: $ 1.2335 (July 10 high)
Resistance 1: $ 1.2275 (session high)
Current Price: $ 1.2194
Support 1: $ 1.2165 (July 12 low)
Support 2: $ 1.2116 (June 2010 low)
Support 3: $ 1.2000 (psychological level)
EUR/USD $1.2175, $1.2200, $1.2250, $1.2300, $1.2325, $1.2350
USD/JPY Y79.25, Y79.70, Y80.00
GBP/USD $1.5500, $1.5490, $1.5450
AUD/USD $1.0150, $1.0165, $1.0190, $1.0300
EUR/AUD A$1.2000
00:00 Japan Bank holiday
The euro traded 0.7 percent from its lowest level in two years before reports this week that may show stagnating inflation and weakening confidence in the currency bloc as the deepening sovereign crisis curbs growth. Figures from the European Union’s statistics office today may show the annual rate of inflation in the euro area remained at 2.4 percent in June, according to the median forecast in a Bloomberg News survey. That would be unchanged from an initial estimate on June 29 and the reading for May.
The 17-nation currency weakened versus most of its major peers after German Chancellor Angela Merkel said she hasn’t softened her stance on measures to stem debt contagion that’s prompted five euro states to seek international aid. Merkel said yesterday in an interview with broadcaster ZDF in Berlin that a banking union involving a financial overseer for the euro area will have to include joint oversight on a “new level.” German lawmakers are scheduled to debate aid to recapitalize Spanish banks this week.
Demand for the Australian and New Zealand dollars was supported as Asian shares rose and on prospects central banks will add to measures to prop up growth.
EUR / USD: during the Asian session the pair fell, retreating from Friday's high.
GBP / USD: during the Asian session the pair fell, retreating from Friday's high.
USD / JPY: during the Asian session the pair fell to Friday's low.
European data for Monday starts at 0700GMT with services sector sales/employment and industrial orders data from Spain. Later on, at 0900GMT, EMU data includes the flash HICP for June and trade data for May, while also in Europe Monday, the Bank of Portugal is due to publish the Official Bulletin. US data starts at 1230GMT with retail sales and the NY Fed Empire State Survey.
On Friday the euro has risen sharply with no apparent reason. The opinion of market participants on this issue are divided: some say that this has happened to the rumors of currency purchases Austrian bank, others argue that this was due to the displacement of short positions. Well so does this one certainly can not say now. Now the euro is trading cautiously in the area reached maximum values. Significant movement also spread to other currency pairs.
The pound against the dollar during the entire session is rapidly declining, and is now trading near the maximum on July 11.
The course of the Australian dollar against the U.S. dollar during the day surprised by stable growth, while cutting off more than 80% of the losses that he suffered. The increase was caused by weak China GDP data, which are of concern regarding the prospects of the economy.
The yen strengthened during the session, and updated with a minimum of 11 July. Who is the course a little bit back from the minimum values, and shows a slight increase.
Resistance 3: Y79.95 (Jul 12 high)
Resistance 2: Y79.50/55 (MA (50) D1, MA (200) H1)
Resistance 1: Y79.25 (session high)
Current price: Y79.09
Support 1: Y79.00 (MA (200) D1)
Support 2: Y78.80 (Jun 20 low)
Support 3: Y78.60 (Jun 15 low)
Resistance 3: Chf1.0000 (psychological level)
Resistance 2: Chf0.9915 (Oct 10 high 2010)
Resistance 1: Chf0.9875 (Jul 13 high)
Current price: Chf0.9810
Support 1: Chf0.9790 (session low)
Support 2: Chf0.9735 (Jul 10 low, MA (200) H1)
Support 3: Chf0.9685 (Jul 6 low)
Resistance 3: $ 1.5720 (Jul 2 high)
Resistance 2: $ 1.5655 (MA (50) D1)
Resistance 1: $ 1.5595 (session high)
Current Price: $ 1.5570
Support 1: $ 1.5530 (MA (200) H1)
Support 2: $ 1.5455 (high of the U.S. session on Jul 13)
Support 3: $ 1.5390 (Jul 12 low)
Resistance 3: $ 1.2400 (Jul 6 high)
Resistance 2: $ 1.2335 (Jul 10 high, MA (200) H1)
Resistance 1: $ 1.2260 (session high)
Current Price: $ 1.2239
Support 1: $ 1.2160 (Jul 12 low)
Support 2: $ 1.2100 (psychological level)
Support 3: $ 1.2040 (Jun 10 low 2010)
00:00 Japan Bank holiday -
07:15 Switzerland Industrial Production (QoQ) Quarter I +8.0% -7.5%
07:15 Switzerland Industrial Production (YoY) Quarter I -1.4% 0.0%
09:00 Eurozone Harmonized CPI June -0.1% 0.0%
09:00 Eurozone Harmonized CPI, Y/Y (finally) June +2.4% +2.4%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y June +1.6% +1.6%
09:00 Eurozone Trade Balance s.a. May 6.2 4.8
12:30 Canada Foreign investment in Canadian securities May 10.20 13.51
12:30 U.S. Retail sales June -0.2% +0.1%
12:30 U.S. Retail sales excluding auto June -0.4% +0.1%
12:30 U.S. NY Fed Empire State manufacturing index July 2.29 3.90
14:00 U.S. Business inventories May +0.4% +0.2%
22:45 New Zealand CPI, q/q Quarter II +0.5% +0.5%
22:45 New Zealand CPI, y/y Quarter II +1.6% +1.1%
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