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Analytics, News, and Forecasts for CFD Markets: currency news — 17-01-2012.
The euro rose for the first time in three days against the dollar and the yen after a successful auction of bonds of Belgium and the European Foundation for financial stability, as well as record growth of German economic sentiment index. Data were published by the German institute ZEW, whose index value improved to Germany and the EU as a whole, breaking the expectations (for Germany in December, the index was -21.6 points at the forecast of -49.5 and -53.8 value for November , for the EU as a whole in December the index was -32.5 points at the forecast of -48.7 and -51.1 value for November). Markets have also provided support for the outcome of the auction on government bonds of Belgium, which showed a decrease in the average return over the same previous release.Belgium today has attracted 2.96 billion of funds under objective 3.0 billion euros. Positive was also an auction of bonds of the European Financial Stability Fund (EFSF), which attracted 1.501 billion euros at 1.5 billion euros target. Funds held for 6 months, the average yield was 0.2664%, covering 3.1.
The yen fell against the euro Tuesday on data from a larger-than-expected growth of China's GDP in the fourth quarter of 2011. China's economy, according to published official figures on Tuesday, grew up in the IV quarter 2011 by 8.9% over the same period in 2010, down from the third quarter (9.1%) but higher than market expectations, constituting an average of of 8.7%.
European stocks climbed, with the Stoxx Europe 600 Index extending a five-month high, amid speculation that China’s slowest economic growth in more than two years will lead to easier monetary policy.
Gross domestic product in China, the world’s second-biggest economy, increased 8.9 percent in the fourth quarter from a year earlier, the statistics bureau said in Beijing. The economy expanded at the slowest pace in 10 quarters, increasing pressure on Premier Wen Jiabao to ease monetary policy.
The European Financial Stability Facility, the euro area’s bailout fund, lost its top credit rating yesterday at Standard & Poor’s following downgrades of France and Austria on Jan. 13.
A report today showed that German investor confidence jumped the most on record in January. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, surged to minus 21.6 from minus 53.8 in December, the biggest gain since the index started in December 1991.
National benchmark indexes climbed in every western- European market except Luxembourg and Iceland. The U.K.’s FTSE 100 Index rose 0.7 percent, Germany’s DAX Index advanced 1.8 percent and France’s CAC 40 Index jumped 1.4 percent.
Carmakers led gains among the 19 industry groups on the Stoxx 600. Daimler rose 3.8 percent to 40.85 euros and Renault SA jumped 2.6 percent to 31.68 euros.
Rio Tinto advanced 2.9 percent to 3,694 pence after saying that fourth-quarter iron ore production rose to 51.2 million metric tons in the three months ended Dec. 31 from 50.1 million tons a year earlier
Afren Plc surged 13 percent to 130.5 pence. The company said it discovered oil and gas at the Okoro East exploration well off southeast Nigeria.
U.S. stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since July, as slowing Chinese growth added to speculation that monetary policy at the world’s second-largest economy will ease.
Stocks joined a global rally as China’s growth slowed after Europe’s debt crisis curbed export demand and the property market weakened, sustaining pressure on Premier Wen Jiabao to ease monetary policy. Spanish borrowing costs plunged at an auction as investors ignored S&P downgrades last week. Manufacturing in the New York region grew in January at the fastest pace in nine months.
Wells Fargo jumped 1.8 percent to $30.16. Profit beat analysts’ estimates as mortgage financing improved. New mortgages rose 35 percent to $120 billion from the three months ended September at Wells Fargo, the biggest U.S. home lender, while dropping 6 percent from a year earlier.
Sears surged 8.9 percent to $36.56. Sears, working to turn around four years of declining sales, has lost ground as shoppers have flocked to such rivals as Macy’s Inc.
Kraft Foods Inc. (KFT) added 1.9 percent to $38.47. The food company said it will realign its U.S. sales organization and cut 1,600 jobs in North America throughout 2012 as part of its move to divide its snacks and grocery businesses.
Citigroup lost 6.4 percent to $28.76. Trading declines mirrored results at JPMorgan, which said last week that revenue in every investment-banking business fell from a year earlier.
Carnival tumbled 14 percent, the most on a closing basis since 2001, to $29.50. The Costa Concordia was carrying more than 4,200 people when it ran aground hours after leaving a port near Rome to continue a Mediterranean cruise. The accident has left at least 11 people dead.
Gold has increased due to exceeded the forecast of China's GDP statistics, which easedconcerns about the impact of European crisis on the global economy. Gross Domestic Product of China grew by 8.9 percent in the fourth quarter of last year - a minimum of two and a half years, exceeding the forecast growth of 8.7 percent. The dollar index fell by 0.58% to 81.32 points.
Cost of the February gold futures on the COMEX today rose to 1668.0 dollars per ounce.
Oil prices are rising against the background of Saudi Arabia. Earlier today, the media quoted oil minister of Saudi Arabia Ali Al Nye said that the country has revised the price threshold per barrel of oil upward - up to $ 100. Prior to that, called the threshold of $ 70 per barrel "black gold".
In addition, the minister said in an interview with CNN about the possibility of increasing production. Al Nye also said he did not expect closure of the Strait of Hormuz for a long time, if Iran still take such a step as it goes through a fifth of world exports.
On Monday, as it became known that France can take the initiative to put an embargo on Iranian oil for three months to allow time for Europe to find alternative sources of raw materials. At the same time and called for longer periods during which the ban may be delayed - up to six months.
The cost of the February futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 101.01 dollars per barrel. February futures price for North Sea petroleum mix of mark Brent rose to $ 1.13, or 1.01% - up to 112.47 dollars per barrel.
EUR/USD $1.2650, $1.2700, $1.2750, $1.2800, $1.2900, $1.3000
USD/JPY Y76.00, Y77.00
EUR/GBP stg0.8290, stg0.8295
EUR/CHF Chf1.2100, Chf1.2190, Chf1.2200
AUD/USD $1.0340, $1.0350, $1.0400, $1.0500
Data:
09:30 United Kingdom HICP, m/m December +0.2% +0.4% +0.4%
09:30 United Kingdom HICP, Y/Y December +4.8% +4.2% +4.2%
09:30 United Kingdom HICP ex EFAT, Y/Y December +3.2% +3.0% +3.0%
09:30 United Kingdom Retail Price Index, m/m December +0.2% +0.3% +0.4%
09:30 United Kingdom Retail prices, Y/Y December +5.2% +4.7% +4.8%
09:30 United Kingdom RPI-X, Y/Y December +5.3% +4.9% +5.0%
10:00 Germany ZEW Survey - Economic Sentiment January -53.8 -49.5 -21.6
10:00 Eurozone ZEW Economic Sentiment January -54.1 -48.7 -32.5
10:00 Eurozone Harmonized CPI December +0.1% +0.4% +0.3%
10:00 Eurozone Harmonized CPI, Y/Y December +3.0% +2.8% +2.7%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y December +1.6% +1.5% +1.6%
The euro rose against the dollar and the yen as Spanish and Greek borrowing costs fell at auctions, damping concern the region’s most-indebted nations will struggle to fund their deficits.
The common currency advanced as the ZEW Center for European Economic Research said its index of German economic sentiment posted a record increase in January and as Europe’s rescue fund sold more than its target at a bill auction.
The dollar fell as China’s economy expanded 8.9% percent in the three months ended Dec. 31 from a year earlier, the statistics bureau said. Economists in a survey forecast an 8.7 percent gain.
EUR/USD: during european session the pair rose and showed high above $1,2800.
GBP/USD: during european session the pair rose and showed high above $1,5400.
USD/JPY: the pair has receded from session low to Y76.70 area.
US data starts at 1330GMT when the NY Fed Empire State Manufacturing Index is expected to rise to a reading of 11.0 in January after improving sharply in December.
At 1400GMT, the Bank of Canada Rate announcement is due, where the central bank is expected to leave interest rates unchanged.
EUR/USD
Offers $1.2890/900, $1.2840/50, $1.2820, $1.2800
Bids $1.2765/60, $1.2740, $1.2725/20, $1.2705/00, $1.2680/70, $1.2630/600, $1.2590
Resistance 3: Y77.35/40 (Jan 6 high, 50.0 % FIBO Y78.20-Y76.60)
Resistance 2: Y77.00/05 (Jan 11 and 16 highs)
Resistance 1: Y77.90 (area of session high and МА (200) for Н1)
Current price: Y76.81
Support 1:Y76.55 (session low, low of November)
Support 2:Y75.60 (Oct 31 low)
Support 3:Y75.00 (psychological level)
Resistance 3: Chf0.9600 (area of high of January)
Resistance 2: Chf0.9575 (area of session high and Jan 13 high)
Resistance 1: Chf0.9510 (area of european session high and МА (200) for Н1)
Current price: Chf0.9469
Support 1: Chf0.9450/40 (area of session low and support line from Jan 3)
Support 2: Chf0.9410/00 (area Jan 12-13 lows)
Support 3: Chf0.9380 (МА (200) for Н4)
Resistance 3 : $1.5520 (Jan 6 high)
Resistance 2 : $1.5500 (area of Jan 10 high)
Resistance 1 : $1.5400/10 (area Jan 13 high and МА (200) for Н1)
Current price: $1.5375
Support 1 : $1.5350 (low of european session, support line from Jan 13)
Support 2 : $1.5320 (resistance line from Jan 12 broken earlier)
Support 3 : $1.5300 (area of session low)
Resistance 3 : $1.2900 (area of support line from Nov 8)
Resistance 2 : $1.2870 (area of Jan 13 high and Dec 29 low)
Resistance 1 : $1.2800 (session high)
Current price: $1.2786
Support 1 : $1.2750 (МА (200) for Н1)
Support 2 : $1.2720 (low of european session)
Support 3 : $1.2690 (Jan 16 high)
E1.76bln of 3-month; avg yield 0.429% (0.264%), cover 2.23 (2.13);
- E1.2bln of 1-year; avg yield 1.162% (2.167%), cover 2.06 (2.21).
EUR/USD $1.2650, $1.2700, $1.2750, $1.2800, $1.2900, $1.3000
USD/JPY Y76.00, Y77.00
EUR/GBP stg0.8290, stg0.8295
EUR/CHF Chf1.2100(large), Chf1.2190, Chf1.2200
AUD/USD $1.0340, $1.0350, $1.0400, $1.0500
02:00 China GDP y/y IV quarter +9.1% +8.8% +8.9%
02:00 China Industrial Production y/y December +12.4% +12.3% +12.8%
02:00 China Retail Sales y/y December +17.3% +17.2% +18.1%
The euro gain against most of their major counterparts after China’s gross domestic product expanded more than economists estimated and as advances in Asian stocks reduced the appeal of haven currencies.
China’s economy expanded 8.9 percent in the three months ended Dec. 31 from a year earlier, the statistics bureau said today. Economists in a Bloomberg News survey had estimated an 8.7 percent gain.
Declines in the yen and dollar were limited before the European Financial Stability Facility, Spain and Greece sell bills today amid concern rating cuts by Standard & Poor’s will sap demand for European debt.
S&P yesterday removed the AAA rating for the EFSF, which is designed to fund rescue packages for Greece, Ireland and Portugal, after reducing the top grades of France and Austria by one level on Jan. 13. The company also downgraded Italy, Portugal and Spain.
Greece will resume talks tomorrow with the Institute of International Finance, which represents private creditors, Greek Finance Minister Evangelos Venizelos has said. The Washington- based IIF broke off talks last week after failing to agree with the government about how much money investors will lose by swapping their bonds.
Australia’s dollar climbed versus 14 of its 16 major peers on prospects demand for commodities will be sustained in China, the country’s biggest export market. The yen retreated from near an 11-year high against the euro before U.S. data today projected to show manufacturing in the New York region expanded in January at the fastest pace in eight months. Today’s GDP report “certainly allays fears that China is going to see a hard landing and that is generally seen as a positive for the world.
EUR/USD: during the Asian session the pair has grown on a figure
GBP/USD: during the Asian session the pair grew.
USD/JPY: during the Asian session the pair has updated monthly low.
UK data sees CPI and RPI inflation data at 0930GMT. In the UK at 1000GMT, the Bank of England's King, Haldane, Cohrs and Jenkins are due to appear at a Treasury Select Committee Hearing on the Financial Stability Report where they can expect plenty of questions from lawmakers about the risks posed by the Eurozone and problems of bank funding. At 1830GMT in the UK, UK Bank of England MPC member Adam Posen delivers a speech at Chatham House. European events for Tuesday start at 0730GMT when ECB Governing Council member Ewald Nowotny is due to speak at The Central & Eastern European Forum, Vienna. The German ZEW survey is due at 1000GMT where
the main economic sentiment index is expected to come in at -50.5. EMU final HICP, also at 1000GMT is expected to come in at 0.4% m/m, 2.8% y/y. At 1040GMT, German Economics Minister Philipp Roesler delivers a speech at a conference organized by the German Chamber of Industry and Commerce (DIHK), in Berlin.US data starts at 1330GMT when the NY Fed Empire State Manufacturing Index is expected to rise to a reading of 11.0 in January after improving sharply in December. At 1400GMT, the Bank of Canada Rate announcement is due, where the central bank is expected to leave interest rates unchanged. US data continues with the weekly Capital Goods Index at 1430GMT and the weekly Retail Trade Index at 1530GMT.
- Role Of Austrian Banks In CEE A Success
- Central, South-East Europe Are EU Growth Regions
- ECB's Role Is Not To Bail Out Countries
- ECB Cannot Deal With Problems Of Specific Countries
- Hopes Situation In Hungary Improves
- Cannot Discuss Euro Zone Common Bonds In Isolation
Yesterday the euro was under pressure as France prepared to sell bills after Standard & Poor’s stripped the nation of its top credit rating and cut eight other euro-region nations.
Europe’s shared currency briefly pared declines after the European Central Bank was said to buy Italian and Spanish debt to cap yield increases.The euro dropped on Friday amid reports of imminent ratings cuts before S&P lowered the top grades of France and Austria one level to AA+, with “negative” outlooks. The company affirmed the ratings of countries including Germany, Belgium and the Netherlands and downgraded Italy, Portugal, Spain and Cyprus by two steps and Malta, Slovakia and Slovenia by one level.
France sells total EUR8.59b treasury bills, France receives total EUR17.036b bids for treasury bills. France 10-year OAT spread is 3bps tighter at +127bps.
U.S. financial markets are closed today in observance of Martin Luther King Day
EUR/USD: on results of the yesterday's tenders the pair has receded from month’s low.
GBP/USD: on results of the yesterday's tenders the pair has grown on a floor of a figure.
USD/JPY: on results of the yesterday's tenders the pair has decreased.
UK data sees CPI and RPI inflation data at 0930GMT. In the UK at 1000GMT, the Bank of England's King, Haldane, Cohrs and Jenkins are due to appear at a Treasury Select Committee Hearing on the Financial Stability Report where they can expect plenty of questions from lawmakers about the risks posed by the Eurozone and problems of bank funding. At 1830GMT in the UK, UK Bank of England MPC member Adam Posen delivers a speech at Chatham House. European events for Tuesday start at 0730GMT when ECB Governing Council member Ewald Nowotny is due to speak at The Central & Eastern European Forum, Vienna. The German ZEW survey is due at 1000GMT where
the main economic sentiment index is expected to come in at -50.5. EMU final HICP, also at 1000GMT is expected to come in at 0.4% m/m, 2.8% y/y. At 1040GMT, German Economics Minister Philipp Roesler delivers a speech at a conference organized by the German Chamber of Industry and Commerce (DIHK), in Berlin.US data starts at 1330GMT when the NY Fed Empire State Manufacturing Index is expected to rise to a reading of 11.0 in January after improving sharply in December. At 1400GMT, the Bank of Canada Rate announcement is due, where the central bank is expected to leave interest rates unchanged. US data continues with the weekly Capital Goods Index at 1430GMT and the weekly Retail Trade Index at 1530GMT.
Resistance 3: Y77.60 (61.8% FIBO Y78.20-Y76.60)
Resistance 2: Y77.35/40 (Jan 6 high, 50.0% FIBO Y78.20-Y76.60)
Resistance 1: Y77.05 (session high)
The current price: Y76.67
Support 1:Y76.65 (Jan 13 low)
Support 2:Y76.10 (Sep 22 low)
Support 3:Y75.60 (Oct 31 low)
Resistance 3: Chf0.9595 (Jan 9 high)
Resistance 2: Chf0.9575 (session high)
Resistance 1: Chf0.9535 (Jan 5 high)
The current price: Chf0.9505
Support 1: Chf0.9480 (Jan 11 low)
Support 2: Chf0.9450 (Jan 4 high)
Support 3: Chf0.9405 (Jan 13 low)
Resistance 3 : $1.2815 (Jan 6-10 high)
Resistance 2 : $1.2780 (61.8% FIBO $1.2625-$1.2875)
Resistance 1 : $1.2750 (50.0% FIBO $1.2625-$1.2875)
The current price: $1.2727
Support 1 : $1.2695 (Jan 12 low)
Support 2 : $1.2650 (session low)
Support 3 : $1.2625 (Jan 13-16 low)
Change % Change Last
Oil $99.57 -0.19 -0.19%
Gold $1,644.90 +14.10 +0.86%
Change % Change Last
Nikkei 225 8,378 -121.66 -1.43%
Hang Seng 19,012 -192.22 -1.00%
S&P/ASX 200 4,147 -48.65 -1.16%
Shanghai Composite 2,206 -38.39 -1.71%
FTSE 100 5,657 +20.80 +0.37%CAC 40 3,225 +28.51 +0.89%
DAX 6,220 +76.93 +1.25%
Dow closed
Nasdaq closed
S&P 500 closed
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2666 -0,13%
GBP/USD $1,5323 +0,01%
USD/CHF Chf0,9540 +0,21%
USD/JPY Y76,78 -0,21%
EUR/JPY Y97,24 -0,36%
GBP/JPY Y117,63 -0,21%
AUD/USD $1,0313 +0,08%
NZD/USD $0,7935 +0,09%
USD/CAD C$1,0178 -0,46%
00:01 United Kingdom Nationwide Consumer Confidence December 40 41
02:00 China GDP y/y IV quarter +9.1% +8.8%
02:00 China Industrial Production y/y December +12.4% +12.3%
02:00 China Retail Sales y/y December +17.3% +17.2%
09:30 United Kingdom HICP, m/m December +0.2% +0.4%
09:30 United Kingdom HICP, Y/Y December +4.8% +4.2%
09:30 United Kingdom HICP ex EFAT, Y/Y December +3.2% +3.0%
09:30 United Kingdom Retail Price Index, m/m December +0.2% +0.3%
09:30 United Kingdom Retail prices, Y/Y December +5.2% +4.7%
09:30 United Kingdom RPI-X, Y/Y December +5.3% +4.9%
10:00 Germany ZEW Survey - Economic Sentiment January -53.8 -49.5
10:00 Eurozone ZEW Economic Sentiment January -54.1 -48.7
10:00 Eurozone Harmonized CPI December +0.1% +0.4%
10:00 Eurozone Harmonized CPI, Y/Y December +3.0% +2.8%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y December +1.6% +1.5%
10:00 United Kingdom BOE Gov King Speaks
13:30 U.S. NY Fed Empire State manufacturing index January 9.5 10.7
14:00 Canada Bank of Canada Rate 1.00% 1.00%
18:30 United Kingdom MPC Member Posen Speaks
18:30 Eurozone ECB's Jens Weidmann Speaks
23:30 Australia Westpac Consumer Confidence January 94.7
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