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Analytics, News, and Forecasts for CFD Markets: currency news — 19-06-2012.
The euro strengthened against the dollar after a European Union official said a politically acceptable path will be sought for renegotiating Greece’s bailout conditions. Once a Greek government is formed, representatives of the so-called troika of the EU, International Monetary Fund and European Central Bank will travel to Athens and evaluate any requests for adaptations in the aid program, the official told reporters on condition of anonymity in Brussels today.
The U.S. currency fell against most of its major counterparts as the Federal Reserve starts a two-day meeting where 12 primary dealers expect some form of added stimulus from the central bank, while nine expect no action. Fed policy makers gather amid speculation they will consider further stimulus measures to sustain U.S. growth. The Fed will review new forecasts at its two-day meeting as it contends with continuing financial stress in Europe and a U.S. unemployment rate that has remained above 8 percent for 40 consecutive months.
The pound weakened versus the euro after U.K. inflation slowed in May to the least in 2 1/2 years. U.K. consumer prices rose 2.8 percent in May from a year earlier, compared with a 3 percent increase in April, the Office for National Statistics said today in London. That’s the weakest since November 2009.
EUR/USD $1.2500
USD/JPY Y78.50, Y79.75
GBP/USD $1.5680, $1.5560
EUR/GBP stg0.8000, stg0.7950
7% doesn't represent any kind of danger threshold, only market expectations make 7% level important
Data:
08:30 United Kingdom HICP, m/m May +0.6% +0.1% -0.1%
08:30 United Kingdom HICP, Y/Y May +3.0% +3.0% +2.8%
08:30 United Kingdom HICP ex EFAT, Y/Y May +2.1% +2.3% 2.2%
08:30 United Kingdom Retail Price Index, m/m May +0.7% +0.2% 0.0%
08:30 United Kingdom Retail prices, Y/Y May +3.5% +3.3% +3.1%
08:30 United Kingdom RPI-X, Y/Y May +3.5% +3.3% +3.1%
09:00 Germany ZEW Survey - Economic Sentiment June 10.8 3.6 -16.9
09:00 Eurozone ZEW Economic Sentiment June -2.4 -5.7 -20.1
The euro strengthened against the dollar after a European Union official said a politically acceptable path for Greece and Europe will be sought.
The common currency erased a decline as Spain sold its maximum target of 12- and 18-month bills even as yields rose.
The Federal Reserve begins a meeting today amid prospects policy makers will consider further stimulus measures to sustain U.S. growth. The Fed will consider new forecasts at its two-day meeting as it contends with continuing financial stress in Europe and a U.S. unemployment rate that has remained above 8%.
EUR/USD: the pair showed low in $1,2570 area, but returned above $1,2600 later.
GBP/USD: the pair showed low in $1,5610 area, but returned above to $1,5670 area later.
USD/JPY: during European session the pair consolidated in Y78.90 area.
EUR/USD
Offers $1.2720/30, $1.2700/05, $1.2650/55, $1.2630
Bids $1.2550/40, $1.2525/20, $1.2500
AUD/USD
Offers $1.0250, $1.0215/20, $1.0200
Bids $1.0105/00, $1.0080, $1.0025/20, $0.9990
USD/JPY
Offers Y79.50, Y79.25/30
Bids Y78.65/60, Y78.50, Y78.20
EUR/JPY
Offers Y101.10/20, Y101.00, Y100.50, Y100.15/20, Y100.00
Bids Y99.00, Y98.55/50, Y98.00
Resistance 3: Y79.80 (May 25, Jun 7-11 highs)
Resistance 2: Y79.30 (МА (200) for Н1, Jun 18 high)
Resistance 1: Y79.15 (МА (100) for Н1)
Current price: Y78.90
Support 1: Y78.80 (session low)
Support 2: Y78.60/50 (Jun 15 low, 61,8 % FIBO Y77,60-Y79,80)
Support 3: Y78.10 (Jun 5 low)
Resistance 3: Chf0.9780 (high of 2011-2012)
Resistance 2: Chf0.9650/60 (Jun 6, 8 and 12 highs)
Resistance 1: Chf0.9550/60 (area of session high, МА (200) for Н1 and Jun 18 high)
Current price: Chf0.9515
Support 1: Chf0.9500 (area of session low)
Support 2: Chf0.9420/10 (Jun 18 low, 50,0 % FIBO Chf0,9040-Chf0,9780)
Support 3: Chf0.9370 (May 21 low)
Resistance 3 : $1.5750 (МА (200) for D1)
Resistance 2 : $1.5720/30 (area of May 24, 28-29 and Jun 18 highs)
Resistance 1 : $1.5690 (session high, top border of down channel)
Current price: $1.5674
Support 1 : $1.5610/00 (МА (200) for Н1, bottom borders of down channel, session low, Jun 7 and 13 highs)
Support 2 : $1.5550 (МА (200) for Н1)
Support 3 : $1.5470 (Jun 14-15 low)
Resistance 3 : $1.2670 (61,8 % FIBO $1,2750-$ 1,2560)
Resistance 2 : $1.2650 (50,0 % FIBO $1,2750-$ 1,2560)
Resistance 1 : $1.2630 (session high, 38,2 % FIBO $1,2750-$ 1,2560)
Current price: $1.2613
Support 1 : $1.2570/60 (МА (200) for Н1, session low, Jun 18 low)
Support 2 : $1.2440 (Jun 6, 8 and 13 lows)
Support 3 : $1.2400 (Jun 5 low)
Не смотря на слабые данные от ZEW, которые вышли значительно хуже прогнозов, и рост средней доходности по 12-месячным испанских гособлигациям до уровня 5,074%, что является высоким не то что для 12 месячных, но и для 10 летних облигаций, евро укрепился против доллара.
Поддержку паре оказывают ожидания итогов заседания Комитета по открытым рынкам ФРС, от которого ожидают новых мер количественного смягчения, что провоцирует продажи американской валюты.
Пара укрепилась в область $1,2620, однако рост выглядит достаточно неуверенным.
Сопротивление отмечено в районе $1,2630 (38,2% FIBO $1,2750-$1,2560).
EUR/USD $1.2500
USD/JPY Y78.50, Y79.75
GBP/USD $1.5680, $1.5560
EUR/GBP stg0.8000, stg0.7950
Sold E3.039bln vs target E2.0-E3.0bln
E2.4bln 12-month T-bill; bid-to-cover 2.16 (1.84)
E639mln 18-month T-bill; bid-to-cover 4.42 (3.23)
Rate holding heavy on second wave sales, currently meeting profit take demand as market was looking well positioned for the softer release. Next bids seen into $1.5610/00 ahead of $1.5580.
01:30 Australia RBA Meeting's Minutes -
The dollar slid against the euro and yen before the Federal Reserve begins a meeting today amid prospects policy makers will consider further monetary easing steps to sustain the U.S. economy.
Fed policy makers will bring new forecasts to their two-day meeting starting today and probably will mark down their April central tendency estimate for growth of 2.4 percent to 2.9 percent this year. They will also contend with continuing financial stress in Europe and a U.S. unemployment rate that has remained above 8 percent for 40 consecutive months.
The Japanese currency gained versus most of its 16 major counterparts as Group of 20 leaders meet in Mexico for a second day to discuss Europe’s debt crisis that has spurred investor demand for refuge assets. Spain’s borrowing costs soared to a euro-era record yesterday before the nation sells bills today.
G-20 leaders are in Los Cabos, Mexico for a second consecutive summit to be dominated by Europe’s debt woes. With Greek elections over the weekend failing to damp the threat of contagion, policy makers are discussing ways to stimulate the world economy if necessary, a Canadian official said.
The International Monetary Fund has commitments for $456 billion to be used as a “second line of defense” to resolve and prevent financial crises, according to Managing Director Christine Lagarde, which she said almost doubles the fund’s lending capacity. Lagarde made the announcement in an e-mailed statement during the G-20 summit.
EUR/USD: during the Asian session the pair rose to $1.2615.
GBP/USD: during the Asian session the pair traded at range of $1.5660-$1.5695.
USD/JPY: during the Asian session the pair fell to Y78.89.
Yesterday the euro fell from the strongest in almost a month versus the dollar as German Chancellor Angela Merkel said the new Greek government shouldn’t be granted additional leeway on the terms of its international bailout.
Concern Greece would be forced to leave the euro ebbed after Antonis Samaras’s New Democracy party and the Pasok party won enough seats in yesterday’s vote to control Greece’s 300- member parliament should they join forces in a coalition government.
The 17-nation currency weakened as Spanish 10-year bond yields rose above 7 percent, adding to concern the region’s economic turmoil was spreading to the currency bloc’s largest economies.
The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against the currencies of six U.S. trading partners, added 0.4 percent to 81.936. The gauge earlier declined to 81.161, the lowest since May 22.
Resistance 3: Y79.75 (area of Jun 8, 11 and 13 highs)
Resistance 2: Y79.50 (area of Jun 14 and 15 highs)
Resistance 1: Y79.30 (area of Jun 18 high and МА(200) for Н1)
The current price: Y78.97
Support 1: Y79.10 (Jun 18 low)
Support 2: Y78.60 (area of Jun 6 and 15 lows)
Support 3: Y78.10 (Jun 5 low)
Resistance 3: Chf0.9575 (Jun 14 high)
Resistance 2: Chf0.9560 (МА(200) for Н1)
Resistance 1: Chf0.9540 (Jun 15 high)
The current price: Chf0.9527
Support 1: Chf0.9500 (Jun 14 low)
Support 2: Chf0.9480 (area of Jun 11 and 15 low)
Support 3: Chf0.9420 (Jun 18 low)
Resistance 3 : $1.5850 (May 23 high)
Resistance 2 : $1.5755 (МА(200) for Н4)
Resistance 1 : $1.5730 (area of Jun 15 and 18 highs)
The current price: $1.5683
Support 1 : $1.5635 (Jun 18 low)
Support 2 : $1.5600 (Jun 13 low)
Support 3 : $1.5550 (МА(200) for Н1)
Change % Change Last
Gold 1,629 +1 +0.03%
Oil 83.21 -0.82 -0.98%
Change % Change Last
S&P/ASX 200 Australia 4,136.9 +79.57 +1.96%
TOPIX Japan 738.81 +12.24 +1.68%
SHANGHAI COMP China 2,312.57 +5.72 +0.25%
FTSE 100 5,491.09 +12.28 +0.22%CAC 40 3,066.19 -21.43 -0.69%
DAX 6,248.2 +18.79 +0.30%
Dow 12,742 -25 -0.20%
Nasdaq 2,895 +23 +0.78%
S&P 500 1,345 +2 +0.14%
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2575 -0,47%
GBP/USD $1,5663 +0,70%
USD/CHF Chf0,9548 +0,42%
USD/JPY Y78,97 -0,54%
EUR/JPY Y99,47 -0,79%
GBP/JPY Y123,89 +0,35%
AUD/USD $1,0119 +0,98%
NZD/USD $0,7919 +1,22%
USD/CAD C$1,0234 +0,05%
01:30 Australia RBA Meeting's Minutes -
08:30 United Kingdom HICP, m/m May +0.6% +0.1%
08:30 United Kingdom HICP, Y/Y May +3.0% +3.0%
08:30 United Kingdom HICP ex EFAT, Y/Y May +2.1% +2.3%
08:30 United Kingdom Retail Price Index, m/m May +0.7% +0.2%
08:30 United Kingdom Retail prices, Y/Y May +3.5% +3.3%
08:30 United Kingdom RPI-X, Y/Y May +3.5% +3.3%
09:00 Germany ZEW Survey - Economic Sentiment June 10.8 3.6
09:00 Germany ZEW Survey - Economic Sentiment June -2.4 -5.7
12:30 Canada Wholesale Sales, m/m April +0.4% +0.6%
12:30 U.S. Building Permits, mln May 0.715 0.730
12:30 U.S. Housing Starts, mln May 0.717 0.720
14:00 G20 G20 Meetings -
22:45 New Zealand Current Account Quarter I -2.76 -1.16
23:01 United Kingdom BOE Quarterly Bulletin Quarter II
23:50 Japan Monetary Policy Meeting Minutes -
23:50 Japan Adjusted Merchandise Trade Balance, bln May -480.2 -347.7
Resistance 3 : $1.2750 (Jun 18 high)
Resistance 2 : $1.2665 (Jun 15 high)
Resistance 1 : $1.2635 (Jun 14 high)
The current price: $1.2608
Support 1 : $1.2560 (МА(200) for Н1)
Support 2 : $1.2540 (Jun 14 low)
Support 3 : $1.2560 (Jun 13 low)
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