Analytics, News, and Forecasts for CFD Markets: currency news — 19-04-2012.

Resistance 3:1420 (4 years high)

Resistance 2:1397 (Apr 5 high)

Resistance 1:1388 (Apr 13 and 17 highs, session high)

Current price: 1377,25

Support 1:1374/70 (МА (200) for Н1, resistance line from Apr 2 broken earlier)

Support 2:1357/60 (area of Apr 16-17 lows and support line from Mar 6)

Support 3:1352 (Apr 10 low)

EUR/USD $1.2950, $1.2985, $1.3025, $1.3070, $1.3100, $1.3210

USD/JPY Y81.00, Y81.15, Y81.25, Y81.50

USD/CHF Chf0.9150, Chf0.9250

GBP/USD $1.6000, $1.5990, $1.5960, $1.5900

EUR/JPY Y106.25, Y105.00

AUD/USD $1.0300, $1.0415, $1.0435, $1.0450

EUR/GBP stg0.8175, stg0.8200

The euro fell against the dollar  as concern European nation’s ability to fund debt damped demand for the shared currency.

The euro fell as yields on Spanish 10-year benchmark bonds and French five-year debt rose at auctions.

The pound rose against the euro amid speculation the Bank of England will pause its stimulus program next month.

EUR/USD: the pair showed high in $1,3170 area then decreased below $1,3100.

GBP/USD: the pair tested resistance in $1.6060 area then receded in $1,6020 area.

USD/JPY: the pair grown in Y81,50 area.

There is a raft of US data due at 1400GMT, including NAR existing home sales, the latest leading indicators and also the Philadelphia Fed Survey. Late US data then sees the 2030GMT release of M2 money supply data.

GBP/USD
Offers $1.6150, $1.6120/30, $1.6095/100, $1.6080/85
Bids $1.6015/00, $1.5980, $1.5965/60, $1.5950/40, $1.5920

USD/JPY
Offers Y82.50/60, Y82.30/35, Y81.90/00, Y81.74/75
Bids Y81.30/10, Y80.75/70, Y80.55/50, Y80.30

AUD/USD
Offers $1.0555/60, $1.0490/00, $1.0460/65, $1.0450/55, $1.0430/35, $1.0400
Bids $1.0340/35, $1.0300, $1.0275/70, $1.0255/50

EUR/JPY
Offers Y108.60/65, Y108.35/40, Y107.80/85, Y107.45/50
Bids Y106.55/50, Y106.20/10, Y106.00, Y105.80

EUR/GBP
Offers stg0.8320/25, stg0.8300, stg0.8275/80, stg0.8265/70, stg0.8255/60, stg0.8220, stg0.8200
Bids stg0.8155/50, stg0.8145/40, stg0.8120

Resistance 3: Y82.55 (Apr 6 high)
Resistance 2: Y82.15 (МА (200) for Н4)
Resistance 1: Y81.90 (Apr 10 high)
Current price: Y81.63
Support 1: Y81.55 (earlier resistance, Apr 18 high)
Support 2: Y81.10/00 (resistance line from Apr 2 broken earlier, МА (200) for Н1)
Support 3: Y80.30/20 (area of Feb 29, Apr 16-17 lows)

Resistance 3: Chf0.9340 (high of March)
Resistance 2: Chf0.9250 (Apr 16 and Mar 16 highs)
Resistance 1: Chf0.9210 (Apr 18 high)
Current price: Chf0.9192
Support 1: Chf0.9170 (МА (200) for Н1)
Support 2: Chf0.9130 (area of session low and Apr 17 low)
Support 3: Chf0.9090 (Apr 12 low)

Resistance 3 : $1.6280 (resistance line from Apr’2011)

Resistance 2 : $1.6170 (high of October)

Resistance 1 : $1.6060/80 (area of highs of April)

Current price: $1.6030

Support 1 : $1.6000 (earlier resistance, psychological level)

Support 2 : $1.5940 (resistance line from Apr 2 broken earlier)

Support 3 : $1.5890 (Apr 18 low)

Resistance 3 : $1.3250 (Mar 29 low)
Resistance 2 : $1.3210 (Apr 12 high)
Resistance 1 : $1.3170 (session high, Apr 17 high)
Current price: $1.3120
Support 1 : $1.3110/00 (session low, МА (200) for Н1)
Support 2 : $1.3060 (Apr 18 low)
Support 3 : $1.3000 (Apr 16 low, low of March, psychological level)

EUR/USD $1.2950, $1.2985, $1.3025, $1.3070, $1.3100, $1.3210

USD/JPY Y81.00, Y81.15, Y81.25, Y81.50

USD/CHF Chf0.9150, Chf0.9250

GBP/USD $1.6000, $1.5990, $1.5960, $1.5900

EUR/JPY Y106.25, Y105.00

AUD/USD $1.0300, $1.0415, $1.0435, $1.0450

EUR/GBP stg0.8175, stg0.8200

Sold E1.12bln of 3.30% Oct 2014; bid-to-cover 3.29

Sold E1.425bln of 5.85% Jan 2022 , bid-to-cover 2.42.

22:00 New Zealand ANZ Job Advertisements (MoM) March +5.3% -1.0%

22:30 Japan BOJ Governor Shirakawa Speaks -

22:45 New Zealand CPI, q/q Quarter I -0.3% +0.6% +0.5%

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

23:50 Japan Adjusted Merchandise Trade Balance, bln March -313.2 -446.3 -621.3

01:30 Australia NAB Quarterly Business Confidence Quarter I 1 -1

The yen declined versus most of its 16 major counterparts as Bank of Japan officials signaled they’ll add to easing efforts to weaken the currency and help return the nation to an export surplus. The yen fell for a third day against the dollar as a report showed Japan had a trade deficit last month after an unexpected surplus in February. Japan reported a trade shortfall of 82.6 billion yen ($1 billion) in March from a revised surplus of 29.4 billion yen in the previous month. The prediction in a Bloomberg News survey was for a 223.2 billion yen deficit.

The euro held losses versus the greenback before Spain, the currency union’s fourth-biggest economy, sells bonds amid debt contagion concerns. Spain and France plan to raise as much as 13.5 billion euros ($17.6 billion) in debt today as Prime Minister Mariano Rajoy’s struggles to meet deficit targets and the French presidential elections drive up yields. Spain is issuing as much as 2.5 billion euros in two- and 10-year bonds, while France has set a maximum target of 11 billion euros for securities including 2017 notes and 2018 inflation-linked debt. Spain’s borrowing costs rose at a sale of one-year and 18-month bills for the first time since November on April 17.

The so-called Aussie and kiwi dollars rose against the yen after Xinhua News Agency said China will boost liquidity by cutting reserve requirements if necessary, citing an unidentified central bank official. China is Australia’s biggest trading partner and New Zealand’s second-largest export market.

EUR/USD: during the Asian session the pair traded in a range $1.3105-$1.3130.

GBP/USD: during the Asian session the pair traded in a range $1.6010-$1.6035.

USD/JPY: during the Asian session the pair gain to a yesterday's high.

In Europe at 1400GMT, the Eurozone flash consumer climate data for April is also due. US data starts at 1230GMT when weekly jobless claims are expected to fall 10,000 to 366,000 in the April 14 employment survey week. There is a raft of US data due at 1400GMT, including NAR existing home sales, the latest leading indicators and also the Philadelphia Fed Survey. Late US data then sees the 2030GMT release of M2 money supply data.

Yesterday the yen weakened for a second day against all of its 16 most-traded counterparts after the Bank of Japan suggested more stimulus may be needed even as global economic growth accelerates. The dollar gained to a one-week high versus the yen as Bank of Japan Deputy Governor Kiyohiko Nishimura said the central bank is ready to implement additional easing. The Japanese currency dropped the most against the pound after Nishimura said it’s vital to make efforts to support upward momentum toward an economic recovery. The BOJ is “committed to implementing additional easing measures, if deemed necessary,” he said in a speech in Okayama, western Japan.

Euro fell against the dollar amid growing profitability of peripheral bonds. Thus, the yield on 10-year bond 5.87% Spain 5.71% against the previous. A yield of 10-year bonds of Italy 5.52% against 5.40% earlier. Also, pressure on the single currency was the fact that Italy has revised forecast for growth. According to the statement, the growth in 2012 will decrease by 1.2% against the previous estimate of -0.5%. In 2013 the economic growth of 0.5% against the previous forecast of 0.3%.

The pound rose after Bank of England minutes showed policy maker Adam Posen ended a push for more stimulus. 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 said the U.K. may face a recession in the first half of this year, they also said inflation might pose more of a danger than previously anticipated.

EUR/USD: yesterday in first half of day the pair decreased, however could will be restored later.

GBP/USD: yesterday the pair gain, fixed above $1.6000.

USD/JPY: yesterday the pair rose to Y81.50.

In Europe at 1400GMT, the Eurozone flash consumer climate data for April is also due. US data starts at 1230GMT when weekly jobless claims are expected to fall 10,000 to 366,000 in the April 14 employment survey week. There is a raft of US data due at 1400GMT, including NAR existing home sales, the latest leading indicators and also the Philadelphia Fed Survey. Late US data then sees the 2030GMT release of M2 money supply data.

Resistance 3: Y82.55 (Apr 6 high)

Resistance 2: Y81.85 (Apr 10 high)

Resistance 1: Y81.55 (session high)

The current price: Y81.35

Support 1: Y81.15 (session low)

Support 2: Y80.85 (Apr 18 low)

Support 3: Y80.30 (Apr 16 low)

Resistance 3: Chf0.9250 (Apr 16 high)

Resistance 2: Chf0.9210 (Apr 18 high)

Resistance 1: Chf0.9180 (Apr 17 high)

The current price: Chf0.9166

Support 1: Chf0.9150 (low of the American session on Apr 18)

Support 2: Chf0.9120 (Apr 17 low)

Support 3: Chf0.9090 (Apr 12 low)

Resistance 3 : $1.6130 (Nov 8 high)

Resistance 2 : $1.6090 (Nov 11-14 high)

Resistance 1 : $1.6040 (Apr 18 high)

The current price: $1.6022

Support 1 : $1.6010 (session low)

Support 2 : $1.5960/70 (area of Apr 13-17 highs)

Support 3 : $1.5910 (Apr 16 high)

Resistance 3 : $1.3215 (Apr 12 high)

Resistance 2 : $1.3175 (Apr 17 high)

Resistance 1 : $1.3135 (high of the American session on Apr 18)

The current price: $1.3113

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

Support 2 : $1.3055 (Apr 18 low)

Support 3 : $1.3030 (Apr 9 low)

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

EUR/USD $1,3118 -0,07%

GBP/USD $1,6016 +0,57%

USD/CHF Chf0,9160 +0,10%

USD/JPY Y81,28 +0,49%

EUR/JPY Y106,62 +0,42%

GBP/JPY Y130,17 +1,04%

AUD/USD $1,0355 -0,40%

NZD/USD $0,8156 -0,71%

USD/CAD C$0,9910 +0,11%

01:30 Australia NAB Quarterly Business Confidence Quarter I 1

12:30 U.S. Initial Jobless Claims 14.04.2012 380 370

14:00 Eurozone Consumer Confidence April -19.1 -19.0

14:00 U.S. Existing Home Sales March 4.59 4.62

14:00 U.S. Philadelphia Fed Manufacturing Survey April 12.5 12.1

14:00 U.S. Leading Indicators March +0.7% +0.2%

18:00 United Kingdom MPC Member Posen Speaks -

23:50 Japan Tertiary Industry Index February -1.7% +0.8%