Analytics, News, and Forecasts for CFD Markets: currency news — 17-01-2013.

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17.01.2013

19:00

American focus: the euro rose sharply

The euro approached a 10-month high against the dollar as a result of placement of bonds of Spain in the amount 4.505 billion euros, which corresponds to the top of the targeted range of 3.5-4.5 billion euros, the cost of borrowing has fallen, which also led to increased confidence in European debt market.

The cost of the single currency rose against all 16 major peers, while the yen fell to its weakest level since 2010 against the dollar, as the newspaper learned that the Bank of Japan (8301) is preparing for further stimulation as early as next week. It is expected that the government will launch a program of asset purchases and unrestricted will use it for as long as inflation does not reach the target mark of 2.0%. The Central Bank will also consider reducing the lower limit of the range of short-term interest rates to zero, and, possibly, lower. In addition, the Minister of Economy, Akira Amari told reporters that his comments that excessive weakening currency was harmful, were misinterpreted. He added that the yen continues to suffer from over-capacity.

The Swiss franc fell to its weakest level against the euro since September 2011, when the central bank introduced a limit on the franc's exchange rate at CHF1, 2 euro. Swiss currency fell against all 16 most-traded currencies, except the yen as speculation that the debt crisis in Europe weakened, undermined the demand for assets seekers.

Earlier, the dollar regained some of its losses against the euro after data showed that housing starts in the U.S. grew by 12.1% last month, which was more than expected. At the same time, another report showed that the number of initial claims for unemployment benefits fell last week to 335,000 while still achieving the lowest level since January 2008.

The Australian dollar fell against most major currencies after a report showed that employers in the country unexpectedly cut jobs in December at 5,500, compared with estimates economist at 4000 people.

15:34

USD / JPY has stabilized in Y89.30/40

The USD / JPY is trading higher by 1.10% after a sharp decline this week. Today, the Japanese currency was again under pressure amid comments Minister Akira Amani and representative of the Bank of Japan Takehiro Sato. Investors continue to wait for the authorities to hints about the prospects of making a financial and monetary policy.

Morning in Asia was supported by a pair of Y88.20, made from a rebound to the zone Y89.30/40, updating the maximum of Y89.56.

15:10

Philly Fed index details

The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a revised reading of 4.6 in December to -5.8 this month. The demand for manufactured goods showed slight declines this month: The new orders index declined from a revised reading of 4.9 in December to -4.3 in January. The shipments index remained slightly positive but suggests no overall growth - the percentage of firms reporting increased shipments was mostly offset by the percentage reporting decreased shipments (26 percent). The indexes for both delivery times and unfilled orders recorded slightly negative readings this month. Labor market conditions at reporting firms deteriorated this month. The employment index, at -5.2, fell from -0.2 in December. The percentage of firms reporting decreases in employment (16 percent) exceeded the percentage reporting increases (11 percent). Firms also indicated a decrease in the average workweek compared with last month.

15:00

U.S.: Philadelphia Fed Manufacturing Survey, January -5.8 (forecast 7.1)

14:13

Pair USD / CAD updated intraday low on statistics from the U.S. and Canada

After the release of the block statistics from the U.S. and Canada, USD / CAD weakened by 20 points. As a result, the USD / CAD went into negative territory, updating an intraday low of C $ 0.9845 (-0.12%).

In December, started construction in the U.S. has reached 0.954 million vs. 0.890 million building permits totaled 0.903 million, in line with expectations. Claiming the benefit for the b / p dropped to 335 thousand vs. 365 thousand in Canadian portfolio investment in Canadian securities (in November) reached $ 5.62 million versus expectations of $ 9.45 million

Resistance is expected at C $ 0.9885 and C $ 0.9925. The support is at C $ 0.9835 and C $ 0.9815.

14:06

Housing starts crush expectations, surging 12.1%

Housing starts surged 12.1 percent in December to 954,000 at an annualized rate. November housing starts were revised down to 851,000 from a prior reading of 861,000.

Economists expected starts to rise just 3.3 percent to 890,000.

Building permits climbed 0.3 percent to 903,000, missing expectations of a 0.5 percent rise.

13:53

U.S. weekly jobless claims fall much more than expected

First-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended January 12th, according to a report released by the Labor Department on Thursday.

The report showed that initial jobless claims fell to 335,000, a decrease of 37,000 from the previous week's revised figure of 372,000.

Economists had been expecting jobless claims to show a much more modest decrease to 368,000 from the 371,000 originally reported for the previous week.

13:45

Option expiries for today's 1400GMT cut

EUR/USD $1.3150, $1.3190, $1.3200, $1.3275, $1.3400

USD/JPY Y87.75, Y88.25, Y88.40, Y88.50, Y88.60, Y89.00, Y89.50

GBP/USD $1.5960, $1.6075

AUD/USD $1.0505, $1.0520, $1.0550, $1.0575

AUD/NZD NZ$1.2550