Analytics, News, and Forecasts for CFD Markets: currency news — 21-01-2013.

The single currency continues to consolidate in a narrow range against the inactive trading session. U.S. financial markets are closed for the celebration of Martin Luther King, and from Eurogroup meetings has not received any news.

EUR / USD has spent much of the day at $ 1.3300/1.3330 sideways, unable to determine the direction of motion. Now the pair is trading in the mid-range, around $ 1.3312/15, almost flat against the opening price.

- Need to do more to spur growth in italy

The Canadian dollar is still trading near C$0.9925/30, after a report on Canada's wholesale sales reflected an increase of 0.7% m / m in November, exceeding the forecast of 0.5%, but a little short of the September +0, 8%.

Currently the pair is trading higher by 0.07% at C$0.9927. Next resistance is located at C$0.9945 (January 18 high) and C$0.9977 (December 31 high). Support - at C$0.9908 (session low), C$0.9862 (MA (200) for H1) and C$0.9835 (January 16 low).

EUR/USD $1.3200, $1.3275, $1.3300, $1.3350, $1.3400

USD/JPY Y89.25, Y89.50, Y89.75, Y90.00, Y90.50

GBP/USD $1.5950, $1.5900

AUD/USD $1.0450, $1.0490, $1.0525, $1.0550, $1.0575

Data

00:01 United Kingdom Rightmove House Price Index (MoM) January -3.3% +0.2%

00:01 United Kingdom Rightmove House Price Index (YoY) January +1.4% +2.4%

07:00 Germany Producer Price Index (MoM) December -0.1% 0.0% -0.3%

07:00 Germany Producer Price Index (YoY) December +1.4% +1.7% +1.5%

09:00 Eurozone Eurogroup Meetings -

The yen strengthened against the dollar, departing from the weakest level since June 2010, as officials of the Bank of Japan began its two-day meeting.

Note that in the last month, Japan's currency fell 5.9% against the dollar on speculation that the Bank of Japan, under pressure from the government to increase the incentive program to pull the economy out of recession.

As it became known, most economists predict that the Bank of Japan will increase its program to purchase assets worth 10 trillion yen increase. Recall that Abe also stands for the same increase in incentive programs, and calls for the central bank to double its inflation target of 2%.

Frank continued to strengthen against the euro Friday after last week, it fell to the lowest level since the moment when the Swiss National Bank imposed restrictions on the currency in 2011.

The pound rose against the dollar, which has been associated with the publication of the data, which showed that house prices in the UK rose in January, along with the number of new sellers, as well as improved mood among market participants. According to the report, housing prices in the first week of January rose 0.2%, compared with a fall of 3.3% in December. At the same time, annualized prices were 2.4% higher than during the same month last year.

The euro was little changed against the dollar, even though the fact that the data showed that producer price inflation in Germany rose in December, but at a slower pace than expected.

It is learned that the price of industrial products rose an annualized 1.5%, compared to growth of 1.4%. Note that the annual growth rate is projected to have been 1.7%. At the same time, in monthly terms the index of consumer prices fell by 0.3%, compared with a fall of 0.1% in the past month, as well as experts' expectations at 0.0%

EUR / USD: during the European session varies in the range of $ 1.3300-$ 1.3332

GBP / USD: during the European session, the pair rose to $ 1.5893

USD / JPY: during the European session the pair fell to Y89.32

At 13:30 GMT, Canada will report on changes in the volume of wholesale trade in November. Also on this day the USA celebrates Martin Luther King Day.

EUR/USD

Offers $1.3450, $1.3430, $1.3400/05, $1.3350/60, $1.3330/35

Bids $1.3300, $1.3280, $1.3270, $1.3260/50

GBP/USD

Offers $1.6050/55, $1.6030, $1.5995/000, $1.5980, $1.5950, $1.5920, $1.5900/10

Bids $1.5850, $1.5800

AUD/USD

Offers $1.0590, $1.0575/80, $1.0555/60, $1.0540

Bids $1.0490/80, $1.0475/70, $1.0455/50, $1.0420, $1.0410/00

EUR/JPY

Offers Y120.50, Y120.00, Y119.70, Y119.35/40

Bids Y118.80, Y118.50, Y118.10/00, Y117.50

USD/JPY

Offers Y90.55/60, Y90.40, Y90.20/30, Y89.90/00

Bids Y89.35/30, Y89.10/00, Y88.60/50, Y88.20

EUR/GBP

Offers stg0.8450, stg0.8420, stg0.8400/10

Bids stg0.8355/50, stg0.8300, stg0.8260, stg0.8250, stg0.8225/20

EUR/USD $1.3200, $1.3275, $1.3300, $1.3350, $1.3400

USD/JPY; Y89.25, Y89.50, Y89.75, Y90.00, Y90.50

GBP/USD$1.5950, $1.5900

The euro fell against the dollar after the European Central Bank representative Kere said that the central bank will be forced to repay earlier loans, which were presented to them in a transaction LTRO (long-term refinancing operations), back in 2011. Recall that the loans were offered troubled eurozone banks to increase liquidity of the banking system. Economists say that the early repayment of loans, is likely to cause upward pressure on interbank rates on borrowing, as banks will be forced to go to another place for short-term financing.

The single currency fell to almost maximum, since February 2012, as Kere added that he does not expect the transaction to repay loans LTRO will have an impact on the overnight rate, which is one of two main interbank borrowing rates used in the eurozone. However, since in the last days of borrowing rates rose, the euro began to decline.

The pound fell against the dollar after the published data showed that retail sales fell last month by 0.1%, while analysts had expected an increase of 0.2%. Recall that in the last month, the value of this indicator was unchanged.

The Swiss franc weakened against the euro after the union called on the central bank to change the limit of the exchange rate EUR / CHF up to the level of 1.25 francs, and "defend" it at any cost. Recall that it is now at 1.2 francs, and held at this level since September 2011.

The cost of the Canadian and Australian dollar fell against most currencies, which was due to a decline in commodity prices, including oil.

00:01 United Kingdom Rightmove House Price Index (MoM) January -3.3% +0.2%

00:01 United Kingdom Rightmove House Price Index (YoY) January +1.4% +2.4%

The yen rallied from its weakest level in 2 1/2 years as Bank of Japan officials began a two-day policy meeting. All 23 economists in a Bloomberg News survey expect the BOJ to expand its asset purchases, with the median estimate signaling a 10 trillion yen ($112 billion) increase. Abe has announced a spending package of similar size and is calling on the central bank to double it’s 1 percent target for consumer price gains to defeat entrenched deflation. The yen has lost 5.9 percent against the dollar in the past month on speculation that the BOJ, under pressure from the government of new Prime Minister Shinzo Abe, will boost stimulus to lift the economy out of its third recession since 2008. Technical indicators signaled the yen’s decline may have been overdone, while traders became the least bearish on the currency in eight weeks. The yen’s 14-day relative strength index against the dollar was at 26 on Jan. 18, below the 30 level that traders see as a signal an asset’s price has fallen too far, too fast and may be due to reverse course. Versus the euro, it was at 29.

The Dollar Index traded near a one-week high before reports that may show gains in U.S. home sales. In the U.S., sales of existing homes probably climbed 1.2 percent to a 5.1 million annual rate last month, the strongest since November 2009, according to the median estimate of economists polled by Bloomberg before the National Association of Realtors publishes the figures tomorrow. Another report this week may say new-home sales picked up to a 385,000 annual pace for the month, the best showing since April 2010.

EUR / USD: during the Asian session, the pair traded in a range of $1.3300/30.

GBP / USD: during the Asian session, the pair traded in a range of $1.5840/70.

USD / JPY: during the Asian session the pair fell to Y89.40.

In Europe, the Eurogroup is set to meet, with the formal agreement to OK the latest Greek disbursement on the agenda. European data gets underway at 0700GMT, with the release of Germany's December PPI numbers. The UK data calendar gets underway at 0930GMT, with the release of the Bank of England January Trends in Lending and Capital Issuance data, along with the December CML Mortgage Lending numbers. Further EU data is expected at 1000GMT, with the release of the third quarter 2012 government debt statistics.

00:01 United Kingdom Rightmove House Price Index (MoM) January -3.3% +0.2%

00:01 United Kingdom Rightmove House Price Index (YoY) January +1.4% +2.4%

07:00 Germany Producer Price Index (MoM) December -0.1% 0.0%

07:00 Germany Producer Price Index (YoY) December +1.4% +1.7%

09:00 Eurozone Eurogroup Meetings -

13:30 Canada Wholesale Sales, m/m November +0.9% +0.5%

13:30 U.S. Bank holiday -