Analytics, News, and Forecasts for CFD Markets: currency news — 18-04-2012.

EUR/USD $1.3040, $1.3050, $1.3100, $1.3200

USD/JPY Y80.80, Y81.10

EUR/CHF Chf1.2000

GBP/USD $1.5850, $1.6000

NZD/USD $0.8205

AUD/USD $1.0230, $1.0300, $1.0390

Data:

08:00 Eurozone Current account, adjusted, bln February 4.5 4.3 1.3

08:30 United Kingdom Bank of England Minutes -

08:30 United Kingdom Claimant count March 7.2 6.6 3.6

08:30 United Kingdom Claimant Count Rate March 5.0% 5.0% 4.9%

08:30 United Kingdom ILO Unemployment Rate February 8.4% 8.4% 8.3%

08:30 United Kingdom Average Earnings, 3m/y February +1.4% +1.3% 1.1%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y February +1.7% +1.6% 1.6%

09:00 United Kingdom MPC Member Tucker Speaks -

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) April 0.0 2.1

 

The yen weakened  against the euro and dollar before U.S. data tomorrow forecast to show employment and housing markets are improving, reducing demand for the safety of Japan’s currency.

U.S. initial jobless claims fell to 370,000 last week from 380,000 in the previous period, according to the economists surveyed by Bloomberg News before the Labor Department data tomorrow. Separate U.S. reports this week are forecast to show manufacturing in the Philadelphia region expanded and existing home sales increased.

The pound strengthened after Bank of England minutes showed policy maker Adam Posen ended his push for further stimulus. Sweden’s krona appreciated as the central bank kept its benchmark interest rate unchanged.

The pound advanced for a second day versus the euro after minutes of the Bank of England’s April 4-5 meeting published today showed Posen joined the majority of the nine-member Monetary Policy Committee in seeking no change to the 325 billion-pound ($517 billion) asset-purchase target.

While officials noted the U.K. may face a recession in the first half of this year, they said inflation might pose more of a danger than previously anticipated.

 

EUR/USD: the pair showed  low in $1,3160 area.

GBP/USD: the pair grown in $1,5980 area, showed high at $1,6000.

USD/JPY: the pair rose to Y81,50 area then slightly receded.

  

 

The weekly EIA crude oil stocks data is due at 1430GMT.

EUR/USD
Offers $1.3175/80, $1.3160, $1.3115/25, $1.3100
Bids $1.3065/60, $1.3050, $1.3030, $1.3000/990, $1.2990/70, $1.2955/50

AUD/USD
Offers $1.0490/00, $1.0460/65, $1.0450/55, $1.0430/35
Bids $1.0365/60, $1.0340/35, $1.0300, $1.0275/70, $1.0255/50, $1.0225

EUR/JPY
Offers Y107.80/85, Y107.45/50, Y107.10, Y106.95/00
Bids Y106.20/10, Y106.00, Y105.80, Y105.50, Y105.30/25

USD/JPY
Offers Y82.50/60, Y82.30/35, Y81.90/00, Y81.60/65
Bids Y81.30/10, Y80.55/50, Y80.30, Y80.10/00

Resistance 3: Y82.55 (Apr 6 high)
Resistance 2: Y81.90 (Apr 10 high)
Resistance 1: Y81.60 (area of session high)
Current price: Y81.37
Support 1: Y81.10 (МА (200) for Н1)
Support 2: Y80.30/20 (area of Feb 29, Apr 16-17 lows)
Support 3: Y80.00 (Feb 28 low)

Комментарии: пара преодолела линию сопротивления от 2 апреля, что можно рассматривать как завершение коррекции после роста пары в феврале-марте.

Resistance 3: Chf0.9340 (high of March)
Resistance 2: Chf0.9250 (Apr 16 and Mar 16 highs)
Resistance 1: Chf0.9200 (session high)
Current price: Chf0.9190
Support 1: Chf0.9170 (МА (200) for Н1)
Support 2: Chf0.9140 (support line from Apr 3)
Support 3: Chf0.9090 (Apr 12 low)

Resistance 3 : $1.6170 (high of October)
Resistance 2 : $1.6060 (high of April)
Resistance 1 : $1.5990/00 (session high, psychological level)
Current price: $1.5975
Support 1 : $1.5940 (resistance line from Apr 2 broken earlier)
Support 2 : $1.5890 (МА(200) for Н1, session low)
Support 3 : $1.5860 (Apr 17 low)

Resistance 3 : $1.3250 (Mar 29 low)
Resistance 2 : $1.3210 (Apr 12 high)
Resistance 1 : $1.3130 (session high, resistance line from Apr 3)
Current price: $1.3075
Support 1 : $1.3050 (Apr 10 low)
Support 2 : $1.3000 (Apr 16 low, low of March, psychological level)
Support 3 : $1.2975 (low of February)

EUR/USD $1.3040, $1.3050, $1.3100, $1.3200

USD/JPY Y80.80, Y81.10

EUR/CHF Chf1.2000

GBP/USD $1.5850, $1.6000

NZD/USD $0.8205

AUD/USD $1.0230, $1.0300, $1.0390

00:30 Australia Leading Index February +0.6% +0.2%

The yen fell against all of its major peers as Asian stocks extended a global rally and before U.S. data that may show fewer Americans filed for jobless benefits, reducing demand for safer assets. Japan’s currency retreated from a six-week high versus the dollar after the Nikkei newspaper said the Bank of Japan may raise its inflation forecasts, fanning speculation the central bank will add to monetary easing to achieve its price target.

Demand for the yen and the dollar was limited after the International Monetary Fund raised its global growth estimates yesterday. Its World Economic Outlook forecast the 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.

Japan’s central bank may lift its 2012 forecast for the nation’s consumer price index, excluding food, to a range of zero to 0.5 percent from the 0.1 percent projected in January, the Nikkei reported, citing people familiar with the bank’s thinking. The BOJ, which set a 1 percent inflation goal on Feb. 14, will next meet on April 27.

The euro was 0.4 percent from a 19-month low against the pound before Spain sells bonds tomorrow. Spain will auction 3.3 percent two-year notes and 5.85 percent 10-year debt tomorrow. Yields on the nation’s benchmark 10-year bond slid 18 basis points to 5.89 percent yesterday after Spain raised more than its maximum target at a bill sale.

The Bank of England will publish today the minutes of its April 5 meeting, when officials maintained its quantitative- easing program at 325 billion pounds ($518 billion). Government data showed yesterday that the nation’s consumer prices climbed 3.5 percent in March from a year earlier, above the BOE’s 2 percent target.

EUR/USD: during the Asian session the pair traded in a range $1.3105-$1.3140.

GBP/USD: during the Asian session the pair traded in a range $1.5915-$1.5940.

USD/JPY: during the Asian session the pair gain to Y81.40.

EMU data sees the ECB current account data at 0800GMT followed at 0900GMT by construction output. At 1300GMT, European Commission President Jose Manuel Barroso is due to discuss means to combat the Economic crisis in the Eurozone at the European Parliament. In the UK, at 0800GMT, Bank of England Deputy Governor Paul  Tucker delivers a speech at the Association of Corporate Treasurers. It is also a key day for UK data with both the latest meeting minutes from the Bank of England and also labour market data at 0830GMT. At 1230GMT, US Treasury Secretary Tim Geithner will speak on the state of the global economy at the Brookings Institution in Washington. The weekly EIA crude oil stocks data is due at 1430GMT.

Yesterday 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.

EUR/USD: yesterday the pair traded about a level $1.3130.

GBP/USD: yesterday the pair gain, fixed above $1.5900.

USD/JPY: yesterday the pair rose to Monday’s high.

EMU data sees the ECB current account data at 0800GMT followed at 0900GMT by construction output. At 1300GMT, European Commission President Jose Manuel Barroso is due to discuss means to combat the Economic crisis in the Eurozone at the European Parliament. In the UK, at 0800GMT, Bank of England Deputy Governor Paul  Tucker delivers a speech at the Association of Corporate Treasurers. It is also a key day for UK data with both the latest meeting minutes from the Bank of England and also labour market data at 0830GMT. At 1230GMT, US Treasury Secretary Tim Geithner will speak on the state of the global economy at the Brookings Institution in Washington. The weekly EIA crude oil stocks data is due at 1430GMT.

Resistance 3: Y82.55 (Apr 6 high)

Resistance 2: Y81.85 (Apr 10 high)

Resistance 1: Y81.45 (session high)

The current price: Y81.39

Support 1: Y81.20 (Apr 13 high)

Support 2: Y80.85 (session low)

Support 3: Y80.30 (Apr 16 low)

Resistance 3: Chf0.9250 (Apr 16 high)

Resistance 2: Chf0.9200 (Apr 13 high)

Resistance 1: Chf0.9170 (high of the American session on Apr 17)

The current price: Chf0.9155

Support 1: Chf0.9140 (session low)

Support 2: Chf0.9120 (Apr 17 low)

Support 3: Chf0.9090 (Apr 12 low)

Resistance 3 : $1.5985 (Apr 12 high)

Resistance 2 : $1.5970 (Apr 17 high)

Resistance 1 : $1.5940 (session high)

The current price: $1.5928

Support 1 : $1.5915 (session low)

Support 2 : $1.5860 (Apr 17 low)

Support 3 : $1.5815 (Apr 16 low)

Resistance 3 : $1.3215 (Apr 12 high)

Resistance 2 : $1.3170 (Apr 17 high)

Resistance 1 : $1.3140 (session high)

The current price: $1.3121

Support 1 : $1.3105 (low of the American session on Apr 17)

Support 2 : $1.3070 (Apr 13 low)

Support 3 : $1.3030 (Apr 9 low)

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3127 -0,04%

GBP/USD $1,5924 +0,18%

USD/CHF Chf0,9151 0,00%

USD/JPY Y80,88 +0,54%

EUR/JPY Y106,17 +0,51%

GBP/JPY Y128,81 +0,75%

AUD/USD $1,0396 +0,40%

NZD/USD $0,8214 +0,18%

USD/CAD C$0,9899 -1,00%

00:30 Australia Leading Index February +0.6%

08:00 Eurozone Current account, adjusted, bln February 4.5 4.3

08:30 United Kingdom Bank of England Minutes -

08:30 United Kingdom Claimant count March 7.2 6.6

08:30 United Kingdom Claimant Count Rate March 5.0% 5.0%

08:30 United Kingdom ILO Unemployment Rate February 8.4% 8.4%

08:30 United Kingdom Average Earnings, 3m/y February +1.4% +1.3%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y February +1.7% +1.6%

09:00 United Kingdom MPC Member Tucker Speaks -

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) April 0.0

14:30 Canada Bank of Canada Monetary Policy Report Quarter II

14:30 U.S. EIA Crude Oil Stocks change 13.04.2012 +2.8

15:15 Canada BOC Press Conference -

22:00 New Zealand ANZ Job Advertisements (MoM) March +5.3%

22:30 Japan BOJ Governor Shirakawa Speaks -

22:45 New Zealand CPI, q/q Quarter I -0.3% +0.6%

22:45 New Zealand CPI, y/y Quarter I +1.8% +1.6%

23:50 Japan Adjusted Merchandise Trade Balance, bln March -313.2 -446.3