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Analytics, News, and Forecasts for CFD Markets: currency news — 20-12-2012.
In today's trading yen close to a nearly 20-month low against the dollar after the Bank of Japan announced an increase in the program of monetary stimulus by 10 trillion yen ($ 119 billion) to 76 trillion yen., But kept its inflation target at 1%.
Japan's currency fell against all major currencies this month, as the newly elected Japanese Prime Minister Shinzo Abe urged the Bank of Japan to double the threshold of inflation. The single currency is close to eight-month high against the dollar, due to the growth of the regional consumer confidence with three-and-a-half year low. But in spite of this, the U.S. currency still managed to regain most of the lost ground, what happened after the release of data from the U.S. Department of Commerce, which showed that the economy in the third quarter grew by 3.1%, compared with a preliminary estimate for level of 2.7%. Most analysts believe that growth will accelerate to 2.8% only.
At the same time, U.S. lawmakers continue to try to reach an agreement to prevent more than $ 600 billion in tax increases and spending cuts, due to start in January. While Republicans are trying to overcome their internal gaps related to taxes, by combining spending cuts, the White House said that the proposal is not acceptable, and therefore it can be seen that the negotiations between President Barack Obama and Boehner regress.
The dollar index (DXY) recorded a fifth consecutive decline, down today by 0.1% to 79.253 after touching a level of 79.008 yesterday, which is a minimum of 18 October.
Согласно докладу, опубликованному Национальной Ассоциации Риэлторов, продажи домов на вторичном рынке в США выросли в ноябре больше, чем ожидалось, достигнув при этом трехлетнего максимума.
В докладе говорится, что продажи существующих домов увеличились на 5,9% в годовом выражении, и составили в ноябре 5,04 млн. единиц, по сравнению с пересмотренным в сторону понижения показателем за октябрь на отметке 4,76 млн. домов.
Заметим, что экономисты ожидали, что продажи на вторичном рынке жилья, поднимутся до 4,90 млн. с 4,790 млн., о которых первоначально сообщалось в предыдущем месяце.
Как стало известно, с большим, чем ожидалось, увеличением продажи домом выросли до самого высокого уровня с ноября 2009 года.
Аналитики отмечают, что на фоне роста арендной платы, и в сочетании с все еще исторически благоприятными условиями доступности жилья, все больше людей покупают дома. В то же время, снижение активности в регионах, которые пострадали от шторма, было компенсировано ростом в незатронутых районах.
В отчете также показано, что средняя цена дома на вторичном рынке выросла в ноябре на 2,1% до уровня $180 600 с $176 900 в октябре. Кроме того, средняя цена была на 10,1% выше, по сравнению с тем же месяцем годом ранее.
Национальная Ассоциация Риэлторов заявила, что количество проблемных домов составляло в ноябре 22%, по сравнению с 24% в октябре и 29% в ноябре 2011 года.
Между тем стало известно, количество домов на продажу составило в ноябре 2,03 млн. единиц, что на 3,8% ниже, чем в конце октября. На фоне этого, уровень запасов домов при нынешних темпах продаж уменьшился до 4,8 месяца, по сравнению с 5,3 месяца в октябре, что является самым низким значением с сентября 2005 года.
Loonie strengthened in tandem with the dollar after a report on retail sales came out of Canada more than expected, and the U.S. GDP in Q3. has been revised to increase to 3.1%.
USD/CAD retreated from a 2-week high of 0.9895 reached before the release of the report, and re-tested the day low 0.9874 before meeting support. Currently the pair is trading at 0.9894 on intraday highs.
After the release of statistics from the U.S. unit pair EUR / USD went in around $ 1.3300, reaching a high of $ 1.3295. Accumulation of sell orders noted just at $ 1.3300 / 1 with stops above, so the pair could not break that barrier.
At the moment the pair retreated from the peak and is trading at at $ 1.3275.
EUR/USD $1.3250, $1.3275, $1.3290, $1.3300
USD/JPY Y83.40, Y83.50, Y84.00, Y84.30, Y84.50
GBP/USD $1.6300, $1.6100
EUR/CHF Chf1.2090
AUD/USD $1.0400, $1.0455, $1.0480, $1.0500, $1.0525, $1.0600
NZD/USD $0.8350, $0.8425
USD/CHF Chf0.9150
EUR/SEK Sek8.6295
EUR/NOK Nok7.3000
07:00 Switzerland Trade Balance - 2.73 2.17 2.95
07:00 Germany Producer Price Index (MoM) November 0.0% -0.1% -0.1%
07:00 Germany Producer Price Index (YoY) November +1.5% +1.4% +1.4%
07:20 Japan BOJ Press Conference -
09:30 United Kingdom Retail Sales (MoM) November -0.7% +0.3% 0.0%
09:30 United Kingdom Retail Sales (YoY) November +0.8% +1.5% +0.9%
The yen strengthened the most in six weeks against the dollar as the Bank of Japan maintained its inflation goal at 1 percent after newly elected Prime Minister Shinzo Abe called for a doubling of the target. Japan’s currency rose for the first time in eight days versus the euro even as the central bank expanded its asset- purchase fund by 10 trillion yen ($119 billion) to 76 trillion yen.
The euro approached an eight-month high against the dollar after a report that the Greek government has completed transactions to repurchase debt of € 31.9 billion in the same time, the data showed that Germany's producer price index and import prices came under forecast: +1.4% y / y m 1.1% y / y
The pound dropped for a third day against the euro as a report showed retail sales unexpectedly stagnated last month.I t is the latest sign of a slowing economy as a whole in the 4th quarter. Retail sales in the UK in November remained unchanged compared with October, but rose by 0.9% compared to November last year. For the three months through November as there have been no growth in sales compared to the previous three period. Data were weaker than expected. Economists had expected sales to rise 0.3% compared to the previous month and by 1.4% compared with the same period last year.
EUR / USD: during the European session, the pair rose to a maximum of $ 1.3268
GBP / USD: during the European session, the pair rose to a maximum of $ 1.6280
USD / JPY: during the European session the pair fell to a minimum Y83.85 and then recovered
At 13:30 GMT in Canada will change in the volume of retail sales, the change in retail sales excluding auto sales for October. At 13:30 GMT the U.S. will publish the number of initial claims for unemployment insurance, the number of repeated applications for unemployment benefits, the final data for the growth of the GDP, the GDP price index, the index of personal consumption expenditures, the main index of personal consumption expenditures in Q3. At 15:00 GMT the euro area indicator of consumer confidence will be released in December. At 15:00 GMT the U.S. will release sales in the secondary market for November, the manufacturing index, the Philadelphia Fed in December.
EUR/USD
Offers $1.3300/10, $1.3255/65
Bids $1.3190/85, $1.3150/40, $1.3125/15, $1.3100
GBP/USD
Offers $1.6400, $1.6380, $1.6330-50, $1.6310, $1.6290/95
Bids $1.6235/30, $1.6220, $1.6195/90, $1.6155/50, $1.6085/75
AUD/USD
Offers $1.0600, $1.0575, $1.0555/60, $1.0510
Bids $1.0465/60, $1.0450, $1.0420, $1.0400
EUR/JPY
Offers Y113.50, Y113.00, Y112.50, Y112.00, Y111.60/65
Bids Y110.70, Y110.50, Y110.00
USD/JPY
Offers Y85.00, Y84.45/50, Y84.25, Y84.15
Bids Y84.20/15, Y84.10/00, Y83.50
EUR/GBP
Offers stg0.8280, stg0.8220 , stg0.8195/200, stg0.8170
Bids stg0.8095/90, stg0.8080, stg0.8065/60, stg0.8045, stg0.8035/30
EUR / USD down during the Asian session, testing the 1.32 before you begin to recover from yesterday's fall on risk aversion. Sharp rally took place before the opening of the European session. Pair reached 1.3236 high on data on producer prices and import prices in Germany.
Both figures Germany - producer price index and the price index for imports - came below expectations: 1.4% m / m 1.1 m% y / y The Greek government has announced the completion of the transactions to repurchase debt of € 31.9 billion
After a brief period of consolidation EUR / USD moves back to new highs, reaching 1.3250 already.
USD/JPY fell on Thursday after falling from the highs of 84.60 yesterday. The pair remains in negative territory amid unexpected growth yen. Now the pair is testing the 84.00 mark.
USD/JPY came under pressure and hit a low 83.86, after the Bank of Japan decided to expand the asset purchase program to ¥ 10 trillion. to ¥ 76 trillion., as expected.
Also important is the fact that the Central Bank "to examine" the probability of changing the inflation target at the next meeting in favor of the new prime minister Abe.
EUR/USD $1.3250, $1.3290, $1.3300
USD/JPY Y83.50, Y84.00, Y84.30, Y84.50
GBP/USD $1.6300
EUR/CHF Chf1.2090
AUD/USD $1.0400, $1.0480, $1.0500
NZD/USD $0.8350, $0.8425
EUR/SEK Sek8.6295
EUR/NOK Nok7.3000
Yesterday, the euro increased significantly against the dollar, reaching with an eight-month high, which was due to publish a report that showed German business confidence improved more than expected, triggering this increase in demand for the region's assets. Growth of the euro also helped a message saying that the international rating agency Standard & Poor's upgraded the long-term sovereign credit rating of Greece by 6 points - to B-with a "stable" outlook, the agency said. Earlier, Greece's sovereign credit rating S & P estimated at around "partial default" (SD). Meanwhile, along with the long-term has been upgraded and Short-term - to the level B with a "stable" outlook.
But, despite this, the later the dollar and the yen regained most of the lost positions, which was associated with a statement by U.S. President Barack Obama. As it became known, he revealed a desire to deal on deficit reduction was achieved as early as Christmas. The same time, he said that he may veto the "Plan B" proposed by Republican U.S. because it does not allow to raise most taxes
Japan's currency in early trading demonstrated steady decline, as many investors have suggested that the central bank will be to resort to expand incentive program after ending a two-day meeting. Also on this momentum influenced report, which showed the trade deficit widened in November.
As it became known, exports fell by 4.1% compared to last year, while imports rose by 0.8%, causing a deficit of 953.400 billion yen, which is the third largest on record.
British pound despite his daily growth, which was caused by the publication of minutes of the last meeting of the Bank of England, could not keep their positions, and fell to a session low. Note that according to protocol policy voted 8 to 1 to leave a bond purchasing program unchanged, as the risks associated with the crisis in the euro area declined, while inflation concerns persist.
DESIRABLE PRICES TO RISE ABOVE 1% IF ECON GROWS
ABE REQUEST A FACTOR BEHIND BOJ REVIEWING GOAL
CALLED ABE, NODA AFTER TODAY'S MEETING ON DECISION
BOJ Shirakawa REPEATS BOJ JGB BUYING NOT FOR FINANCING GOVT
REVIEWING DESIRABLE PRICES NOT LINKED TO POLACCORD
00:30 Australia RBA Bulletin IV quarter
02:00 China Leading Index November +1.6% +1.1%
03:00 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%
03:00 Japan BoJ Monetary Policy Statement
The yen held gains against all of its major peers after the Bank of Japan maintained its 1 percent inflation goal after incoming Prime Minister Shinzo Abe called for a doubling of the target. Abe, poised to become the next prime minister, said this week he asked BOJ Governor Masaaki Shirakawa to agree to an accord with a 2 percent inflation target. Abe has called for unlimited easing by the central bank to end deflation and revive growth. Shirakawa is due to step down as BOJ governor in April. The Japanese currency snapped a three-day decline versus the dollar after the BOJ expanded its asset-purchase fund by 10 trillion yen ($118.8 billion) to 76 trillion yen and said it plans to examine its price goal at the next meeting.
The dollar held onto a rally from eight-month low versus the euro amid concern that U.S. lawmakers are failing to make progress in budget talks, boosting demand for refuge assets. Officials in President Barack Obama’s administration told leaders of business and financial services groups that negotiations with Boehner deteriorated in the last 24 hours, a person familiar with the meeting said. The officials said that Republican plans to push forward with Boehner’s alternative proposal on taxes and spending risks pushing the government past the deadline when automatic spending cuts and tax increases kick in, said the person, who asked for anonymity to discuss the private talks.
EUR/USD: during the Asian session the pair fell to $ 1.3185.
GBP/USD: during the Asian session, the pair traded in the range of $ 1.6235-60.
USD/JPY: during the Asian session the pair fell to Y83.85.
Germany starts European data for Thursday with the 0700GMT release of PPI, which is expected to come in at -0.1% m/m for November, 1.3% y/y. UK data sees Retail Sales for November at 0930GMT, which are expected to come in at 0.3% m/m, 2.2% y/y ex-fuel and 0.3% m/m, 1.4% y/y for the Totalfigure. US data starts at 1330GMT, when the level of initial claims is expected to rise 15,000 to 358,000 in the December 15 employment survey week after falling 29,000 in the previous week. US data continues with a sloew of data at 1500GMT when the pace of existing home sales is expected to rise to a 4.89 million annual rate in November after rising in October.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3225 -0,02%
GBP/USD $1,6245 -0,04%
USD/CHF Chf0,9132 +0,04%
USD/JPY Y84,39 +0,23%
EUR/JPY Y111,62 +0,22%
GBP/JPY Y137,11 +0,21%
AUD/USD $1,0480 -0,52%
NZD/USD $0,8340 -0,89%
USD/CAD C$0,9887 +0,31%
00:30 Australia RBA Bulletin IV quarter
02:00 China Leading Index November +1.6% +1.1%
03:00 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%
03:00 Japan BoJ Monetary Policy Statement -
07:00 Switzerland Trade Balance - 2.82 2.17
07:00 Germany Producer Price Index (MoM) November 0.0% -0.1%
07:00 Germany Producer Price Index (YoY) November +1.5% +1.4%
07:20 Japan BOJ Press Conference -
09:30 United Kingdom Retail Sales (MoM) November -0.8% +0.3%
09:30 United Kingdom Retail Sales (YoY) November +0.6% +1.5%
13:30 Canada Retail Sales, m/m October +0.1% +0.1%
13:30 Canada Retail Sales ex Autos, m/m October 0.0% +0.2%
13:30 U.S. Initial Jobless Claims - 343 350
13:30 U.S. GDP, q/q (finally) Quarter III +2.7% +2.8%
13:30 U.S. PCE price index, q/q Quarter III +1.4% +1.6%
13:30 U.S. PCE price index ex food, energy, q/q Quarter III +1.1% +1.1%
14:00 Belgium Business Climate December -13.4 -14.3
15:00 Eurozone Consumer Confidence December -26.9 -26.5
15:00 U.S. Existing Home Sales November 4.79 4.85
15:00 U.S. Philadelphia Fed Manufacturing Survey December -10.7 -1.8
15:00 U.S. Leading Indicators November +0.2% -0.1%
15:00 U.S. Housing Price Index, m/m October +0.2% +0.2%
15:00 U.S. Housing Price Index, y/y October +4.4%
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