- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: currency news — 21-06-2012.
The euro fell against the dollar after it was reported that Moody's may downgrade ratings of the largest banks in the world, including the British establishment. Most likely, the announcement will be made after the close of Wall Street. This course will be placed in a large scale to reduce the credit ratings of the leading institutions in the world. The agency has done so for some banks in European countries, including Spain and Italy. All this may increase the cost of debt capital and forcing banks to increase the amount of collateral for loans.
The pressure on the euro also had a weak data on indices of business activity in the industrial sector in Germany and the Eurozone as a whole, which was below forecasts.
The yen weakened to its lowest level against the dollar in nearly a month. The pressure on the Japanese currency had reports of increasing pressure lawmakers in the ruling party in Japan at the Bank of Japan to take additional measures to stimulate the economy.
Contribute to the strengthening of the dollar results of the meeting of the Committee on the Federal Open Market, which were announced last night. Recall that the results of the two day meeting of the Fed rate on funds not changed. At the same time has increased the volume of the program Operational Twist on the $ 267 billion to $ 667 billion at the same time duration of the program extended to the end of 2012. It was also noted that if necessary, additional measures are taken. Since it was not reported anything new about the next round of quantitative easing, to which many had hoped, the demand for the dollar rose.
Tightening of the Government of Canada rules of mortgage finance "adequate", "time"
"It may be appropriate" for a convolution of a monetary incentive
Downside risks for the euro area have become apparent, threaten global growth
Europe "is now stagnating"
Eurozone consider bold steps such as creating a bank union
Measures to recapitalize Spanish banks, according to the determination of the euro area
Carney warmly welcomes the tightening of the rules of mortgage finance
There is evidence that monetary stimulus in the U.S., the UK effectively
Long-term monetary union in Europe requires the banking union, perhaps - a fiscal union
"Encouraged" seriousness with which European leaders are in a situation
Commodity prices are expected to remain high for some time
EUR/USD $1.2575, $1.2600, $1.2650, $1.2700, $1.2750, $1.2800, $1.2850
USD/JPY Y79.00, Y79.30
GBP/USD $1.5690
EUR/GBP stg0.7970
AUD/USD $1.0100, $1.0200
Data:
06:00 Switzerland Trade Balance May 1.33 1.97 2.48
07:00 France Manufacturing PMI (preliminary) June 44.7 44.6 45.3
07:00 France Services PMI (preliminary) June 45.1 45.2 47.3
07:30 Germany Manufacturing PMI (preliminary) June 45.2 45.4 44.7
07:30 Germany Services PMI (preliminary) June 51.8 51.6 50.3
08:00 Eurozone Current account, adjusted, bln April 9.1 7.3 4.6
08:00 Eurozone Manufacturing PMI (preliminary) June 45.1 44.9 44.8
08:00 Eurozone Services PMI (preliminary) June 46.7 46.5 46.8
08:30 United Kingdom Retail Sales (MoM) May -2.3% +1.1% +1.4%
08:30 United Kingdom Retail Sales (YoY) May -1.1% +2.1% +2.4%
10:00 United Kingdom CBI industrial order books balance June -17 -19 -11
The euro fell as a report showed euro-area services and manufacturing output contracted in June, adding to signs Europe’s debt crisis is blunting economic growth.
A composite index based on a survey of purchasing managers in services and manufacturing in the euro area was below the 50 level that separates contraction from expansion for a fifth month.
Spain sold 2.2 billion euros of debt maturing between 2014 and 2017, compared with a maximum target of 2 billion euros set for the auction.
The average yield on notes maturing in 2014 was 4.706 percent, compared with 2.069 percent when they were last sold in March.
Demand for the dollar was tempered after the Federal Reserve said yesterday it stood ready to implement further stimulus following the announcement of an extension to its program to replace short-term bonds with longer-term debt.
EUR/USD: during the European session the pair traded in $1.2640 - $1.2700 area.
GBP/USD: during the European session the pair traded in $1.5650 - $1.5730 area.
USD/JPY: the pair showed high above Y80.00.
EUR/USD
Offers $1.2790/800, $1.2730/50
Bids $1.2625/20, $1.2610/00, $1.2580/70
AUD/USD
Offers $1.0300, $1.0275/80, $1.0250, $1.0200/05
Bids $1.0115/10, $1.0105/00, $1.0080
USD/JPY
Offers Y80.10/15
Bids Y79.40/35, Y79.05/00, Y78.65/60, Y78.50
EUR/JPY
Offers Y102.50, Y102.00, Y101.50
Bids Y100.55/50, Y100.00, Y99.85/80, Y99.55/50
Resistance 3: Y81.00 (61,8%% FIBO Y84 ,20-Y77, 60)
Resistance 2: Y80.55 (MA (100) for D1, highs of May)
Resistance 1: Y80.15 (May 22 high, 38,2% FIBO Y84 ,20-Y77, 60)
Current price: Y78.98
Support 1: Y79.30 (Jun 18 high, MA (200) for H1)
Support 2: Y79.10 (MA (100) for H1)
Support 3: Y78.80 (Jun low)
Resistance 3: Chf0.9560 (Jun 18 high)
Resistance 2: Chf0.9530 (MA (200) for H1)
Resistance 1: Chf0.9500 (session high, Jun 20 high)
Current price: Chf0.9460
Support 1: Chf0.9420/10 (Jun 18 low, 50,0% FIBO Chf0 ,9040-Chf0, 9780)
Support 2: Chf0.9370 (May 21 low)
Support 3: Chf0.9325 (61.8% FIBO Chf0 ,9040-Chf0, 9780)
Resistance 3: $ 1.5900 (61,% FIBO $ 1,6290 - $ 1,5260)
Resistance 2: $ 1.5840 (MA (100) for D1, May 22 high)
Resistance 1: $ 1.5780 (session high, 50.0% FIBO $ 1,6290 - $ 1,5260)
Current price: $ 1.5714
Support 1: $ 1.5650 (session low, Jun 20 low)
Support 2: $ 1.5610 (Jun 19 low, MA (200) for H1)
Support 3: $ 1.5470 (Jun 14-15 low)
Resistance 3: $ 1.2820 (May 21 high)
Resistance 2: $ 1.2785 (50,0% FIBO $1,3280 - $1,2290)
Resistance 1: $ 1.2740/50 (Jun 18 and 20 high)
Current price: $ 1.2674
Support 1: $ 1.2660 (MA (200) for H1)
Support 2: $ 1.2560 (Jun 18 low)
Support 3: $ 1.2440 (Jun 12 low)
EUR/USD $1.2575, $1.2600, $1.2650, $1.2700, $1.2750, $1.2800, $1.2850
USD/JPY Y79.00, Y79.30
GBP/USD $1.5690
EUR/GBP stg0.7970
AUD/USD $1.0100, $1.0200
E699.6mln of 3.40% Apr 2014 Bono; cover 3.96
E917.6mln of 4.00% July 2015 Bono; cover 3.18 vs 3.02 previous
E602.3mln of 5.50% July 2017 Obligacion; cover 3.44 vs 3.14 previous
Yesterday the euro fluctuates against the dollar after the announcement of the results of a two-day meeting of the Committee to work on the open market, the U.S. Federal Reserve. The Fed decided to keep rates within the range of 0-0.25%, but the operation was extended twist - an operation aimed at lowering long-term interest rates by selling short-term bonds. Launched in September 2011, Operation Twist was to end in late June, but the FOMC announced its extension until the end of the year (or approximately $ 267 billion). Many experts expect more such solutions, rather than introducing QE3. The Fed reiterated that it "is ready to take further action if it is necessary to continue to support the growth of the economy and the labor market in the context of price stability."
After the initial growth of the dollar again came under downward pressure against the backdrop of recovery of stock markets. Currency also declined against its major competitors. Volatility also contributed to the strengthening of the statement by German Chancellor Angela Merkel that the question of bond purchases Stabilization Fund may be discussed. These words helped the euro to update daily lows against the dollar.
The yen resumed its decline against the euro and the dollar after a brief recovery at the Fed decision. The yen fell sharply on Wednesday on reports that Japanese lawmakers are close to reaching an agreement on tax measures aimed at lowering the national currency.
Resistance 3: Y80.55 (May 16 high)
Resistance 2: Y80.15 (May 22 high)
Resistance 1: Y79.75/80 (area of Jun 8-13 highs)
Current price: Y79.59
Support 1: Y79.40 (session low)
Support 2: Y79.15 (Jun 19 high)
Support 3: Y78.80 (Jun 20 low)
Resistance 3: $ 1.5850 (May 23 high)
Resistance 2: $ 1.5775 (Jun 20 high)
Resistance 1: $ 1.5715 (session high)
Current Price: $ 1.5672
Support 1: $ 1.5650 (Jun 20 low)
Support 2: $ 1.5610/35 (area of Jun 18-19 lows)
Support 3: $ 1.5565 (Jun 14-15 low)
Resistance 3: $ 1.2870 (Jun 15 high)
Resistance 2: $ 1.2810/25 (area of Jun 21-22 highs)
Resistance 1: $ 1.2745/50 (area of Jun 18-20 highs)
Current Price: $ 1.2668
Support 1: $ 1.2635 (Jun 20 low)
Support 2: $ 1.2555/65 (area of Jun 18-19 lows)
Support 3: $ 1.2515 (low of U.S. session on Jun 13)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2698 +0,08%
GBP/USD $1,5707 -0,12%
USD/CHF Chf0,9456 -0,07%
USD/JPY Y78,47 -0,65%
EUR/JPY Y100,90 +0,67%
GBP/JPY Y124,81 +0,51%
AUD/USD $1,0184 -0,09%
NZD/USD $0,7957 -0,30%
USD/CAD C$1,0187 +0,10%
01:30 Australia RBA Bulletin Quarter II
02:30 China HSBC Manufacturing PMI (preliminary) June 48.4
06:00 Switzerland Trade Balance May 1.33 1.97
07:00 France Manufacturing PMI (preliminary) June 44.7 44.6
07:00 France Services PMI (preliminary) June 45.1 45.2
07:15 Switzerland Industrial Production (QoQ) Quarter I +7.9% -7.5%
07:15 Switzerland Industrial Production (YoY) Quarter I -1.4% 0.0%
07:30 Germany Manufacturing PMI (preliminary) June 45.2 45.4
07:30 Germany Services PMI (preliminary) June 51.8 51.6
08:00 Eurozone Current account, adjusted, bln April 9.1 7.3
08:00 Eurozone Manufacturing PMI (preliminary) June 45.1 44.9
08:00 Eurozone Services PMI (preliminary) June 46.7 46.5
08:30 United Kingdom Retail Sales (MoM) May -2.3% +1.1%
08:30 United Kingdom Retail Sales (YoY) May -1.1% +2.1%
10:00 United Kingdom CBI industrial order books balance June -17 -19
12:30 Canada Retail Sales, m/m April +0.4% +0.3%
12:30 Canada Retail Sales ex Autos, m/m April +0.1% +0.2%
12:30 Canada Leading Indicators, m/m May +0.3%
12:30 U.S. Initial Jobless Claims - 386 381
14:00 Eurozone Consumer Confidence June -19.3 -19.8
14:00 U.S. Existing Home Sales May 4.62 4.59
14:00 U.S. Philadelphia Fed Manufacturing Survey June -5.8 1.3
14:00 U.S. Leading Indicators May -0.1% +0.2%
14:00 U.S. Housing Price Index, m/m April +1.8% +0.5%
14:00 U.S. Housing Price Index, y/y April +2.7%
15:45 Canada BOC Gov Carney Speaks -
16:00 Eurozone ECB President Mario Draghi Speaks -
17:30 United Kingdom MPC Member Weale Speaks -
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
