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Analytics, News, and Forecasts for CFD Markets: currency news — 17-04-2012.
The yen fell versus all of its 16 most-traded peers as a report showing German investor confidence rose to a two-year high fueled appetite for riskier assets. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which is designed to predict economic developments six months in advance, increased to 23.4 from 22.3 in March. That’s the highest since June 2010.
Canada’s dollar gained the most in four months against the greenback as the central bank said higher borrowing costs “may become appropriate” because economic growth will be faster than forecast. The Bank of Canada said the nation’s economy will reach full output in the first half of next year, sooner than a January forecast for the third quarter of 2013, while predicting that Europe will emerge from recession later this year and the U.S. recovery will be stronger than policy makers expected. The BOC kept its key interest rate unchanged today at 1 percent.
The euro was buoyed against the yen as increased demand at Spanish debt sales eased concern Europe’s sovereign- debt crisis is worsening. The euro gained versus the yen as the Frankfurt-based Bundesbank said the German economy, Europe’s largest, is in “remarkably good shape.” Growth should gather pace as unemployment at a two-decade low fuels domestic demand, it said in a statement today. The International Monetary Fund raised its economic growth estimates. Its World Economic Outlook forecast the global economy will expand 3.5 percent this year and 4.1 percent in 2013, an increase from its January projections of 3.3 percent growth in 2012 and 4 percent next year.
The pound climbed after U.K. consumer prices climbed 3.5 percent from a year earlier, after rising 3.4 percent in February, the Office for National Statistics said in London. The reading was higher than the 3.4 percent median estimate of economists, and above the central bank’s target of 2 percent.
Resistance 3:1397 (Apr 5 high)
Resistance 2:1388 (Apr 13 high)
Resistance 1:1378 (resistance line from Apr 2)
Current price: 1378,50
Support 1:1375 (МА (200) for Н1)
Support 2:1360 (area of session low and Apr 16 low)
Support 2:1356/52 (support line from Mar 6, Apr 10 low)
Bids at C$0.9880/85, with talk of layered stops below. Further bids C$0.9860/50 with stops below. Larger support seen ahead of the March 1 low at
$0.9835-40.
EUR/USD $1.3000, $1.3090, $1.3125
USD/JPY Y80.75, Y81.00, Y81.10
EUR/GBP stg0.8250, stg0.8200
GBP/USD $1.5815, $1.5800
USD/CHF Chf0.9265
AUD/USD $1.0220, $1.0285, $1.0300, $1.0310, $1.0400
Data:
08:30 United Kingdom HICP, m/m March +0.6% +0.3% +0.3%
08:30 United Kingdom HICP, Y/Y March +3.4% +3.5% +3.5%
08:30 United Kingdom HICP ex EFAT, Y/Y March +2.4% +2.4% +2.5%
08:30 United Kingdom Retail Price Index, m/m March +0.8% +0.4% +0.4%
08:30 United Kingdom Retail prices, Y/Y March +3.7% +3.6% +3.6%
08:30 United Kingdom RPI-X, Y/Y March +3.8% +3.7% +3.6%
09:00 Germany ZEW Survey - Economic Sentiment April 22.3 20.2 23.4
09:00 Eurozone ZEW Economic Sentiment April 11.0 10.7 13.1
09:00 Eurozone Harmonized CPI March +0.5% +1.2% +1.3%
09:00 Eurozone Harmonized CPI, Y/Y (finally) March +2.7% +2.6% +2.7%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y March +1.5% +1.5% +1.6%
The euro strengthened as Spain sold more than its maximum target at a bill auction and German investor confidence unexpectedly rose for a fifth month in April.
The yen fell as stocks rose and before reports that may show the U.S. economy is improving.
The euro rebounded after Spain sold 3.18 billion euros of 364- and 546-day securities, compared with a maximum target of 3 billion euros.
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, increased to 23.4 from 22.3 in March. That’s the highest since June 2010. Economists forecast a drop to 19, according to the median of estimates.
The inflation rate in the 17-nation euro region held at 2.7% for a fourth month, the European Union’s statistics office in Luxembourg said in an e-mailed statement today.
EUR/USD: the pair showed high in $1,3170 area then receded in $1,3130 area.
GBP/USD: the pair grown in $1,5950 area.
USD/JPY: pair showed high at Y80,70 area then slightly receded.
EUR/USD
Offers $1.3240/50, $1.3215, $1.3200, $1.3175/80
Bids $1.3125/20, $1.3075/70, $1.3060/50, $1.3030
USD/JPY
Offers Y81.60/65, Y81.45/50, Y81.25, Y81.00, Y80.80/85, Y80.70/75
Bids Y80.30, 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 Y107.45/50, Y107.10, Y106.95/00, Y106.45/50
Bids Y105.70/65, Y105.10/00, Y104.65/60,
EUR/GBP
Offers stg0.8320/25, stg0.8300, stg0.8275/80, stg0.8265/70
Bids stg0.8210, stg0.8200, stg0.8180/75
Resistance 3: Y82.55 (Apr 6 high)
Resistance 2: Y81.90 (Apr 10 high)
Resistance 1: Y81.20/30 (Apr 13 high, МА (200) for Н1, the top border of down channel from Apr 2)
Current price: Y80.68
Support 1: Y80.20 (Feb 29 low)
Support 2: Y80.00 (Feb 28 low)
Support 3: Y79.80 (border of down channel from Apr 2)
Resistance 3: Chf0.9340 (high of March)
Resistance 2: Chf0.9250 (Apr 16 and Mar 16 highs)
Resistance 1: Chf0.9170/80 (session high, МА (200) for Н1)
Сurrent price: Chf0.9147
Support 1: Chf0.9120 (support line from Apr 3, session low)
Support 2: Chf0.9090 (Apr 12 low)
Support 3: Chf0.9000 (low of April)
Resistance 3 : $1.6170 (high of October)
Resistance 2 : $1.6060 (high of April)
Resistance 1 : $1.5980 (area of Apr 12 high)
Current price: $1.5958
Support 1 : $1.5910 (Apr 16 high, 38,2 % FIBO $1,5820-$ 1,5970)
Support 2 : $1.5880 (МА(200) for Н1)
Support 3 : $1.5860 (session low)
Комментарии: пара торгуется в области линии сопротивления от 2 апреля, закрепление выше которой откроет дорогу в область апрельских максимумов $1,6060.
Resistance 3 : $1.3250 (Mar 29 low)
Resistance 2 : $1.3210 (Apr 12 high)
Resistance 1 : $1.3165/70 (session high, resistance line from Apr 3)
Current price: $1.3137
Support 1 : $1.3100/090 (session low, МА (200) for Н1)
Support 2 : $1.3000 (Apr 16 low, low of March, psychological level)
Support 3 : $1.2975 (low of February)
Italian growth recovery this year depends on financial markets, sovereign bond yields.
EUR/USD $1.3000, $1.3090, $1.3125
USD/JPY Y80.75, Y81.00, Y81.10
EUR/GBP stg0.8250, stg0.8200
GBP/USD $1.5815, $1.5800
USD/CHF Chf0.9265
AUD/USD $1.0220, $1.0285, $1.0300, $1.0310, $1.0400
01:30 Australia RBA Meeting's Minutes -
01:30 Australia New Motor Vehicle Sales (MoM) March 0.0% 4.0%
01:30 Australia New Motor Vehicle Sales (YoY) March +1.7% 4.0%
04:30 Japan Industrial Production (MoM) (finally) February +1.9% -1.2% -1.6%
04:30 Japan Industrial Production (YoY) (finally) February -1.3% +1.5% +1.5%
05:00 Japan Consumer Confidence March 39.5 40.1 40.3
The euro fell versus most of its 16 major counterparts before Spain sells securities after borrowing costs climbed to the highest level this year, boosting concern Europe’s debt crisis is spreading. Yields on the nation’s 10-year notes soared as much as 18 basis points, or 0.18 percentage point, to 6.16 percent yesterday. That’s the highest level since Dec. 1 and is edging toward the 7 percent level that pushed Greece, Ireland and Portugal into rescues. The cost of insuring against a Spanish default rose eight basis points to 511 yesterday, the highest on record, according to CMA.
The 17-nation currency weakened against the greenback before reports that may show confidence among investors in Germany, The ZEW Center for European Economic Research in Mannheim will probably report today its index of investor and analyst expectations, which aims to predict economic developments six months in advance, fell to 19 in April from 22.3 in March, according to the median estimate in a Bloomberg News survey. Last month’s figure was the highest reading since June 2010.
Australia’s dollar declined for a third day versus its U.S. counterpart after the Reserve Bank said slower inflation would increase the prospects of an interest-rate reduction. Minutes released today of the RBA’s April 3 meeting, when officials held the benchmark interest rate unchanged at 4.25 percent, reaffirmed that the next rate reduction h¼inges on an April 24 report on first-quarter inflation. Governor Glenn Stevens said in a statement after this month’s gathering that the board “judged the pace of output growth to be somewhat lower than earlier estimated.”
EUR/USD: during the Asian session the pair lowered below $1.3100.
GBP/USD: during the Asian session the pair fell, receded from yesterday's high.
USD/JPY: during the Asian session the pair traded in range Y80.30-Y80.55.
Today the European Commission President Jose Manuel Barroso meets German President Joachim Gauck, in Brussels. European data starts at 0600GMT with the release of ACEA new car registrations data. The main core-European releases come at 0900GMT with the German ZEW survey and final EMU HICP data. UK data at 0830GMT sees inflation data. In its February Inflation Report the Bank of England forecast CPI would average 3.35% in Q1. In Europe at 1230GMT, ECB President Mario Draghi is due to give an introductory speech at the Sixth ECB Statistics Conference, in Frankfurt. US data starts at 1230GMT, Housing Starts and Building Permits data are due. Weekly Johnson Redbook chain store sales data is due at 1255GMT. The IMF World Economic Outlook is also due at 1300GMT. At 1315GMT, US industrial production is expected to rise 0.2% in March after holding steady in Feb.
Yesterday 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: yesterday the pair gain, fixed above $1.3100.
GBP/USD: yesterday the pair rose, restored after Friday’s decrease.
USD/JPY: yesterday the pair fell, closed day below Y80.50.
Today the European Commission President Jose Manuel Barroso meets German President Joachim Gauck, in Brussels. European data starts at 0600GMT with the release of ACEA new car registrations data. The main core-European releases come at 0900GMT with the German ZEW survey and final EMU HICP data. UK data at 0830GMT sees inflation data. In its February Inflation Report the Bank of England forecast CPI would average 3.35% in Q1. In Europe at 1230GMT, ECB President Mario Draghi is due to give an introductory speech at the Sixth ECB Statistics Conference, in Frankfurt. US data starts at 1230GMT, Housing Starts and Building Permits data are due. Weekly Johnson Redbook chain store sales data is due at 1255GMT. The IMF World Economic Outlook is also due at 1300GMT. At 1315GMT, US industrial production is expected to rise 0.2% in March after holding steady in Feb.
Resistance 3: Y81.85 (Apr 10 high)
Resistance 2: Y81.20 (Apr 13 high)
Resistance 1: Y80.55 (session high)
The current price: Y80.42
Support 1: Y80.25 (Apr 16 low)
Support 2: Y80.00 (Feb 28 low)
Support 3: Y79.35 (Feb 20 low)
Resistance 3: Chf0.9250 (Apr 16 high)
Resistance 2: Chf0.9200 (Apr 13 high)
Resistance 1: Chf0.9170 (session high)
The current price: Chf0.9159
Support 1: Chf0.9140 (Apr 16 low)
Support 2: Chf0.9110 (low of the European session on Apr 13)
Support 3: Chf0.9090 (Apr 12 low)
Resistance 3 : $1.5985 (Apr 12 high)
Resistance 2 : $1.5965 (Apr 13 high)
Resistance 1 : $1.5910 (Apr 16 high)
The current price: $1.5884
Support 1 : $1.5880 (session low)
Support 2 : $1.5855 (high of the European session on Apr 16)
Support 3 : $1.5815 (Apr 16 low)
Resistance 3 : $1.3215 (Apr 12 high)
Resistance 2 : $1.3185 (123.6% FIBO $1.2995-$1.3150)
Resistance 1 : $1.3150 (Apr 16 high)
The current price: $1.3120
Support 1 : $1.3105 (session low)
Support 2 : $1.3070 (Apr 13 low)
Support 3 : $1.3030 (Apr 9 low)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3132 +0,42%
GBP/USD $1,5896 +0,32%
USD/CHF Chf0,9151 -0,46%
USD/JPY Y80,44 -0,58%
EUR/JPY Y105,63 -0,18%
GBP/JPY Y127,85 -0,30%
AUD/USD $1,0354 -0,16%
NZD/USD $0,8199 -0,37%
USD/CAD C$0,9998 +0,03%
01:30 Australia RBA Meeting's Minutes -
01:30 Australia New Motor Vehicle Sales (MoM) March 0.0%
01:30 Australia New Motor Vehicle Sales (YoY) March +1.7%
04:30 Japan Industrial Production (MoM) (finally) February +1.9% -1.2%
04:30 Japan Industrial Production (YoY) (finally) February -1.3% +1.5%
05:00 Japan Consumer Confidence March 39.5 40.1
08:30 United Kingdom HICP, m/m March +0.6% +0.3%
08:30 United Kingdom HICP, Y/Y March +3.4% +3.5%
08:30 United Kingdom HICP ex EFAT, Y/Y March +2.4% +2.4%
08:30 United Kingdom Retail Price Index, m/m March +0.8% +0.4%
08:30 United Kingdom Retail prices, Y/Y March +3.7% +3.6%
08:30 United Kingdom RPI-X, Y/Y March +3.8% +3.7%
09:00 Germany ZEW Survey - Economic Sentiment April 22.3 20.2
09:00 Eurozone ZEW Economic Sentiment April 11.0 10.7
09:00 Eurozone Harmonized CPI March +0.5% +1.2%
09:00 Eurozone Harmonized CPI, Y/Y (finally) March +2.7% +2.6%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y March +1.5% +1.5%
12:30 Canada Manufacturing Shipments (MoM) February -0.9% -0.1%
12:30 U.S. Building Permits, mln March 0.717 0.715
12:30 U.S. Housing Starts, mln March 0.698 0.705
13:00 Canada Bank of Canada Rate - 1.00% 1.00%
13:00 Canada BOC Rate Statement -
13:15 U.S. Industrial Production (MoM) March 0.0% +0.4%
13:15 U.S. Capacity Utilization March 78.7% 78.6%
13:30 Eurozone ECB President Mario Draghi Speaks -
14:30 United Kingdom MPC Member Posen Speaks
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