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Analytics, News, and Forecasts for CFD Markets: currency news — 19-11-2012.
The euro rose against the dollar after it was reported that Greece will receive its next tranche of financial aid is December 5. The decision was taken today at a meeting of eurozone finance, which was held in Paris, and whose purpose was to develop a common position on salvation. Note also that the ministers will meet tomorrow in Brussels, where they will give a preliminary approval for the allocation of 44 billion euros ($ 56 billion).
The dollar fell against all 16 major counterparts as speculation that U.S. lawmakers will reach an agreement on the budget of the country and to prevent the so-called "financial failure" caused a decline in demand for safe assets.
Canadian and Australian dollars rose against the U.S. dollar, as the International Monetary Fund said it is considering to include the Australian and Canadian dollar in the official report on foreign currency reserves.
The dollar index, which is used to track the value of the dollar against the currencies of six U.S. partner, fell by 0.5% to 80.870 after reaching 81.455 on November 16, which is the highest since September 5. Also, the dollar's decline was due to the withdrawing of data, which showed that sales in the secondary market rose in October, indicating that the success of the real estate market is currently supported by cheap borrowing costs.
Japan's currency fell against all but three of the major currencies, after Kyodo News reported that the LDPR leader Shinzo Abe to choose the head of the Bank of Japan who advocate of the inflation target. Note that the Bank of Japan ended its two-day meeting tomorrow.
Pair rose after better-than-expected U.S. data on Existing Home Sales and NAHB Housing Market Index. Pair is testing the 1.2800 resistance, to overcome which will further increase to 1.2880
Sold E6.983bln vs target E5.8bln-E7.0bln
- E3.997bln 3-month BTF, avg yield -0.016% (-0.014%), cover 2.59 (2.77)
- E1.391bln 6-month BTF, avg yield -0.009% (-0.002%), cover 4.76 (3.1)
- E1.595bln 12-month BTF, avg yield 0.026% (0.019%), cover 4.03 (3.64)
EUR/USD $1.2720, $1.2750
USD/JPY Y80.75, Y80.90, Y81.00, Y81.25
GBP/USD $1.5900
AUD/USD $1.0300, $1.0375, $1.0385, $1.0420
EUR/GBP stg0.8000, stg0.8010, stg0.8020
EUR/CHF Chf1.2075
00:01 United Kingdom Rightmove House Price Index (MoM) November +3.5% -2.6%
00:01 United Kingdom Rightmove House Price Index (YoY) November +1.5% +2.0%
08:30 Eurozone ECB's Jens Weidmann Speaks -
The dollar fell against the euro, extending last week’s decline, as speculation U.S lawmakers will reach agreement on the nation’s budget and avert the so-called fiscal cliff damped demand for safety.
The Dollar Index (DXY) fell from near a 10-week high after President Barack Obama said he was “confident” that an agreement would be reached over the triggering of automatic spending cuts and tax increases at year-end that may push the economy into recession.
The yen rose from the lowest level in almost seven months versus the U.S currency. Japan’s currency dropped against all but three of its major peers after Kyodo News reported Liberal Democratic Party leader Shinzo Abe will choose someone who favors inflation targets as the next Bank of Japan governor. The BOJ will end a two-day policy meeting tomorrow.
The Australian and New Zealand dollars climbed as gains in Asian and European equities boosted demand for higher-yielding assets.
EUR / USD: during the European session, the pair set a high at $ 1.2787 and then retreated to $ 1.2769
GBP / USD: during the European session, the pair set a high at $ 1.5922 and then fell to a new low of $ 1.5885
USD / JPY: during the European session, the pair dropped to Y81.08
At 15:00 GMT the U.S. will release sales in the secondary market in October. At 23:00 GMT Australia will index of leading economic indicators from the Conference Board.
EUR/USD
Offers $1.2850, $1.2805/10
Bids $1.2720, $1.2705/00, $1.2680
GBP/USD
Offers $1.6000, $1.5980/85, $1.5940/50
Bids $1.5855/50, $1.5830/25, $1.5810/00, $1.5780
AUD/USD
Offers $1.0500, $1.0450, $1.0420, $1.0400
Bids $1.0300, $1.0280
EUR/JPY
Offers Y104.50, Y104.20
Bids Y103.55/50, Y103.20, Y102.70, Y102.50
USD/JPY
Offers Y82.50, Y82.20, Y82.00, Y81.75
Bids Y81.00, Y80.80/70, Y80.50/40
EUR/GBP
Offers stg0.8150, stg0.8120, stg0.8100, stg0.8075/80, stg0.8050
Bids stg0.8005/00, stg0.7965/60, stg0.7945/40, stg0.7900
Resistance levels at 0.8185, 0.8220 and 0.8255, and support - at 0.8100, 0.8080 and 0.8040.
bank supervisn voting shld be based on capital shares
separate ecb bank sup'n frm mon pol doable,difficult
eu joint deposit guarantee rightly moved to backgrnd
need sufficient bank-sponsored resolution fund
- liabilities,control in bank union must be in balance
bank supervisn voting shld be based on capital shares
separate ecb bank sup'n frm mon pol doable,difficult
eu joint deposit guarantee rightly moved to backgrnd
need sufficient bank-sponsored resolution fund
- liabilities,control in bank union must be in balance
The dollar rose for the first time in three days against the euro because of the departure of investors in asset-seekers awaiting the outcome of talks between President Barack Obama and U.S. lawmakers on fiscal cliff.
The leaders of the U.S. Congress, leaving the White House after the completion of negotiations on the issue of the fiscal cliff, said that the discussion was "constructive" and laid the foundation for further progress.
The dollar index extended its fourth weekly gain as between Israel and the Hamas military conflict erupted. Israel expanded its bombing of the Gaza Strip and Palestinian rockets hit areas around Jerusalem and Tel Aviv. The Israeli army said it has deployed tanks near the Gaza border, and called up reservists.
The yen strengthened against most of its 16 major counterparts on speculation that the decline this week was too fast. Recall that the yen fell on Thursday, when the leader LDPYA Shinzo Abe, who is likely to become the next prime minister of Japan, continued to put pressure on the Bank of Japan to a more aggressive easing of monetary policy. Later, the Japanese yen has lost previously won positions after the elections in Japan were scheduled for December.
The euro traded little changed against the Swiss franc at 1.2049 francs after the head of the Swiss National Bank Thomas Jordan said that the franc is highly inflated and harm the Swiss economy.
00:01 United Kingdom Rightmove House Price Index (MoM) November +3.5% -2.6%
00:01 United Kingdom Rightmove House Price Index (YoY) November +1.5% +2.0%
The yen touched the lowest level in almost seven months as the Bank of Japan holds a two-day meeting amid speculation the opposition party that advocates more aggressive easing will take power in December’s election. Japan’s currency dropped against most major counterparts after Liberal Democratic Party leader Shinzo Abe was reported to have said he’ll choose someone in favor of inflation targets as the next BOJ governor.
The 14-day relative strength index for the dollar-yen rate rose to 70.4 on Nov. 16, above the 70 level that some traders see as a sign that an asset’s price has gained too fast and may reverse course.
Demand for the euro was limited before European finance ministers gather in Brussels tomorrow. In Europe, finance ministers are aiming to stitch together Greece’s next aid payment this week. In addition to a disagreement between the European Union and International Monetary Fund over softening Greece’s debt target, the ministers will attempt to re-engineer the current bailout without asking taxpayers to put up more money.
Australia’s dollar climbed as gains in Asian shares boosted demand for higher-yielding assets.
EUR/USD: during the Asian session, the pair rose to $1.2775.
GBP/USD: during the Asian session, the pair rose to $1.5920.
USD/JPY: during the Asian session, the pair showed a new high of Y81.60, but declined later.
Its a fairly quiet start to the week Monday, a holidy shortened week in The US that sees the Thanksgiving Day holiday on Thursday. The European session sees only limited data Monday, but there are ECB speakers. At 0830GMT, ECB Governing Council member Jens Weidmann to is scheduled to a give keynote speech at 15th Euro Finance Week, in Frankfurt. European data is expected at 1000GMT, with the release of the EMU September construction output data. The US calendar starts at 1500GMT, the November Housing Market
Index (NAHB) is released, along with the October Existing Home Sales.00:01 United Kingdom Rightmove House Price Index (MoM) November +3.5% -2.6%
00:01 United Kingdom Rightmove House Price Index (YoY) November +1.5% +2.0%
08:30 Eurozone ECB's Jens Weidmann Speaks -
15:00 U.S. Existing Home Sales October 4.75 4.76
15:00 U.S. NAHB Housing Market Index November 41 41
23:00 Australia Conference Board Australia Leading Index September -0.8%
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