Analytics, News, and Forecasts for CFD Markets: currency news — 22-05-2012.

EUR/USD $1.2700, $1.2750, $1.2790 $1.2800, $1.2825.

USD/JPY Y79.25, Y79.50, Y80.00

GBP/USD $1.5800, $1.5900

EUR/GBP stg0.8075, stg0.7960

AUD/USD $0.9930, $1.0000

USD/CAD C$1.0200, C$1.0000

Data:

08:30 United Kingdom HICP, m/m April +0.3% +0.6% +0.6%

08:30 United Kingdom HICP, Y/Y April +3.5% +3.1% +3.0%

08:30 United Kingdom HICP ex EFAT, Y/Y April +2.5% +2.2% +2.1%

08:30 United Kingdom Retail Price Index, m/m April +0.4% +0.6% +0.7%

08:30 United Kingdom Retail prices, Y/Y April +3.6% +3.5% +3.5%

08:30 United Kingdom RPI-X, Y/Y April +3.7% +3.5% +3.5%

08:30 United Kingdom PSNB, bln April 15.9 -5.4 -18.8

The yen weakened  after Fitch Ratings cut Japan’s credit ranking, saying the nation isn’t acting quickly enough to tackle its public debt burden.

The euro dropped  after the Organization for Economic Cooperation and Development said Europe’s debt crisis risks spiraling.

The pound weakened as the International Monetary Fund said the U.K. needs more monetary easing.

EUR/USD: the pair fell in $1,2740 area.

GBP/USD: the pair decreased, reached $1,5770 area.

USD/JPY: the pair rose in Y79.80 area.

US data starts at 1400GMT with NAR existing home sales data, the Richmond Fed Manufacturing Index and also BLS Mass Layoffs data.

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EUR/USD

Offers $1.2875, $1.2850, $1.2840/45, $1.2810

Bids $1.2710/00, $1.2685/80, $1.2640, $1.2625

GBP/USD

Offers $1.6000, $1.5950/55, $1.5900/10, $1.5880, $1.5850/60, $1.5795/805

Bids $1.5760/50, $1.5835/30, $1.5720, $1.5700

Resistance 3: Y81.00 (38,2 % FIBO Y84,20-Y79,00)
Resistance 2: Y80.55/60 (area of high of May)
Resistance 1: Y79.85 (session high, May 18 high)
Current price: Y79.28
Support 1: Y79.50 (earlier resistance, May 18-21 highs)
Support 2: Y79.00 (session high)
Support 3: Y78.55 (МА(200) for D1)

Resistance 3: Chf0.9600 (area of high of January)

Resistance 2: Chf0.9500 (May 18 high)

Resistance 1: Chf0.9440 (May 21 high)

Current price: Chf0.9416

Support 1: Chf0.9370 (area of session low, May 21 low and МА (200) for Н1)

Support 2: Chf0.9330 (May 15 low, 38,2 % FIBO Chf0,9040-Chf0,9500)

Support 3: Chf0.9300 (earlier resistance, area of May 9-11 high)

Комментарии: пара не сумела закрепится выше линии сопротивления от ноября 2010 года и отступила (для ее преодоления паре необходимо было прошлую неделю выше уровня Chf0,9440, однако сил покупателей было не достаточно и пара завершили неделю на отметке Chf0,9397).

Resistance 3 : $1.6020 (50,0 % FIBO $1,6300-$ 1,5730)

Resistance 2 : $1.5950 (38,2 % FIBO $1,6300-$ 1,5730)

Resistance 1 : $1.5840 (area of session high, May 18-21 highs, МА (200) and МА (100) for D1)

Current price: $1.5770

Support 1 : $1.5730 (May 18 low)

Support 2 : $1.5700 (psychological level)

Support 3 : $1.5600 (psychological level, low of March)

”Downgrades and negative outlooks reflect growing risks to Japan sovereign credit profile as a result of high and rising public debt ratios!”

EUR/USD $1.2700, $1.2750, $1.2790 $1.2800, $1.2825.

USD/JPY Y79.25, Y79.50, Y80.00

GBP/USD $1.5800, $1.5900

EUR/GBP stg0.8075, stg0.7960

AUD/USD $0.9930, $1.0000

USD/CAD C$1.0200, C$1.0000

03:00 New Zealand Expected Annual Inflation 2y from now Quarter II +2.5% +2.4%

The euro fell against most of its major peers before data that may show consumer sentiment slid to a four-month low amid Europe’s debt woes. A gauge of household sentiment in the euro area probably dropped to minus 20.5 this month from minus 19.9 in April, according to the median economist estimate in a Bloomberg News survey before the European Commission reports the figure today. That would be the lowest level since January.

The 17-nation currency snapped a two-day advance against the dollar as European Union leaders prepare for a summit to discuss the fiscal crisis. German Chancellor Angela Merkel said yesterday she won’t shy away from disagreeing with French President Francois Hollande at the EU summit beginning tomorrow in Brussels. Good cooperation “doesn’t exclude differing positions,” Merkel said in Chicago during a meeting of the North Atlantic Treaty Organization. Elsewhere in Europe, Greece is preparing for June 17 elections following an inconclusive May 6 ballot.

The yen remained weaker as the Bank of Japan starts a two-day meeting today amid speculation it will boost stimulus measures. Japanese Finance Minister Jun Azumi said in Tokyo today he regards highly the steps taken by the central bank since February. The BOJ expanded its asset-purchase program in February and April. Japan probably had a trade shortfall of 470.8 billion yen ($5.9 billion) last month after a revised deficit of 84.5 billion yen in March, according to the median estimate in a Bloomberg survey before the data tomorrow.

EUR/USD: during the Asian session the pair fell, receded from yesterday's low.

GBP/USD: during the Asian session the pair traded in a range $1.5805-$1.5830.

USD/JPY: during the Asian session the pair traded in range Y79.30-Y79.45.

UK data includes inflation data and also the Public Sector Finances at 0830GMT.  If it comes in above 3.0% King's letter will be out at 0930 GMT, but it is only likely to echo the analysis in the May Inflation Report, that while high inflation will persist near term it is still expected to fall back below target further out.  At 1000GMT, the German government gives a briefing on the upcoming EU summit, taking place in Berlin, while at 1040GMT, ECB Vice President Vitor Constancio and Atlanta Fed President Dennis Lockhart take part in a panel debate, in Hong Kong. EMU data in the European afternoon session sees the 1400GMT release of flash consumer morale data. US data starts at 1400GMT with NAR existing home sales data, the Richmond Fed Manufacturing Index and also BLS Mass Layoffs data.

03:00 New Zealand Expected Annual Inflation 2y from now Quarter II +2.5% +2.4%

The euro fell against most of its major peers before data that may show consumer sentiment slid to a four-month low amid Europe’s debt woes. A gauge of household sentiment in the euro area probably dropped to minus 20.5 this month from minus 19.9 in April, according to the median economist estimate in a Bloomberg News survey before the European Commission reports the figure today. That would be the lowest level since January.

The 17-nation currency snapped a two-day advance against the dollar as European Union leaders prepare for a summit to discuss the fiscal crisis. German Chancellor Angela Merkel said yesterday she won’t shy away from disagreeing with French President Francois Hollande at the EU summit beginning tomorrow in Brussels. Good cooperation “doesn’t exclude differing positions,” Merkel said in Chicago during a meeting of the North Atlantic Treaty Organization. Elsewhere in Europe, Greece is preparing for June 17 elections following an inconclusive May 6 ballot.

The yen remained weaker as the Bank of Japan starts a two-day meeting today amid speculation it will boost stimulus measures. Japanese Finance Minister Jun Azumi said in Tokyo today he regards highly the steps taken by the central bank since February. The BOJ expanded its asset-purchase program in February and April. Japan probably had a trade shortfall of 470.8 billion yen ($5.9 billion) last month after a revised deficit of 84.5 billion yen in March, according to the median estimate in a Bloomberg survey before the data tomorrow.

EUR/USD: during the Asian session the pair fell, receded from yesterday's low.

GBP/USD: during the Asian session the pair traded in a range $1.5805-$1.5830.

USD/JPY: during the Asian session the pair traded in range Y79.30-Y79.45.

UK data includes inflation data and also the Public Sector Finances at 0830GMT.  If it comes in above 3.0% King's letter will be out at 0930 GMT, but it is only likely to echo the analysis in the May Inflation Report, that while high inflation will persist near term it is still expected to fall back below target further out.  At 1000GMT, the German government gives a briefing on the upcoming EU summit, taking place in Berlin, while at 1040GMT, ECB Vice President Vitor Constancio and Atlanta Fed President Dennis Lockhart take part in a panel debate, in Hong Kong. EMU data in the European afternoon session sees the 1400GMT release of flash consumer morale data. US data starts at 1400GMT with NAR existing home sales data, the Richmond Fed Manufacturing Index and also BLS Mass Layoffs data.

Yesterday the yen declined on speculation the Bank of Japan will add to stimulus measures this week to support growth and weaken the nation’s foreign-exchange rates. Japan’s currency slid as speculation European officials may step up efforts to tackle the debt crisis damped demand for haven assets.

The euro fell before German and French officials meet today to discuss ways to contain Europe’s financial turmoil.

Australia’s dollar snapped a six-day drop against the greenback and an index of implied volatility fell.

The euro erased losses against the dollar as German Finance Minister Wolfgang Schaeuble said Germany and France will do “everything necessary” to keep Greece in the shared currency. German Finance Minister Wolfgang Schaeuble met with his newly installed French counterpart, Pierre Moscovici, in Berlin today as European Union leaders prepare for a summit meeting in Brussels on May 23.

EUR/USD: yesterday the pair gain, updated a week’s high.

GBP/USD: yesterday the pair traded in a range $1.5780-$1.5840.

USD/JPY: yesterday the pair rose and touched Friday’s high.

UK data includes inflation data and also the Public Sector Finances at 0830GMT.  If it comes in above 3.0% King's letter will be out at 0930 GMT, but it is only likely to echo the analysis in the May Inflation Report, that while high inflation will persist near term it is still expected to fall back below target further out.  At 1000GMT, the German government gives a briefing on the upcoming EU summit, taking place in Berlin, while at 1040GMT, ECB Vice President Vitor Constancio and Atlanta Fed President Dennis Lockhart take part in a panel debate, in Hong Kong. EMU data in the European afternoon session sees the 1400GMT release of flash consumer morale data. US data starts at 1400GMT with NAR existing home sales data, the Richmond Fed Manufacturing Index and also BLS Mass Layoffs data.

Resistance 3: Y80.20 (May 16 low)

Resistance 2: Y79.65 (May 14 low)

Resistance 1: Y79.45 (May 18 low)

The current price: Y79.38

Support 1: Y79.00 (May 18-21 low)

Support 2: Y78.70 (Feb 15 high)

Support 3: Y78.15 (Feb 15 low)

Resistance 3: Chf0.9500 (May 18 high)

Resistance 2: Chf0.9440 (May 21 high)

Resistance 1: Chf0.9415 (May 16 low)

The current price: Chf0.9390

Support 1: Chf0.9365 (May 21 low)

Support 2: Chf0.9330 (May 15 low)

Support 3: Chf0.9305 (May 14 low)

Resistance 3 : $1.5930 (May 17 high)

Resistance 2 : $1.5885 (May 16 low)

Resistance 1 : $1.5840 (May 21 high)

The current price: $1.5814

Support 1 : $1.5780 (May 21 low)

Support 2 : $1.5730 (Mar 18 low)

Support 3 : $1.5695 (Mar 16 low)

Resistance 3 : $1.2905 (May 11 low, May 14 high)

Resistance 2 : $1.2870 (May 15 high)

Resistance 1 : $1.2825 (May 21 high)

The current price: $1.2785

Support 1 : $1.2755 (May 16 high)

Support 2 : $1.2725 (May 21 low)

Support 3 : $1.2640 (Jan 18 low)

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,2807 -0,27%

GBP/USD $1,5820 -0,82%

USD/CHF Chf0,9378 +0,27%

USD/JPY Y79,30 -1,27%

EUR/JPY Y101,54 -1,55%

GBP/JPY Y125,44 -2,12%

AUD/USD $0,9913 -0,23%

NZD/USD $0,7646 -0,13%

USD/CAD C$1,0175 +0,74%

03:00 New Zealand Expected Annual Inflation 2y from now Quarter II +2.5%

08:30 United Kingdom HICP, m/m April +0.3% +0.6%

08:30 United Kingdom HICP, Y/Y April +3.5% +3.1%

08:30 United Kingdom HICP ex EFAT, Y/Y April +2.5% +2.2%

08:30 United Kingdom Retail Price Index, m/m April +0.4% +0.6%

08:30 United Kingdom Retail prices, Y/Y April +3.6% +3.5%

08:30 United Kingdom RPI-X, Y/Y April +3.7% +3.5%

08:30 United Kingdom PSNB, bln April 15.9 -5.4

09:30 United Kingdom BOE Inflation Letter May

10:15 U.S. FOMC Member Dennis Lockhart Speaks -

14:00 U.S. Existing Home Sales April 4.48 4.64

14:00 Eurozone Consumer Confidence May -19.9 -20.5

14:00 U.S. Richmond Fed Manufacturing Index May 14 12

23:50 Japan Adjusted Merchandise Trade Balance, bln April -621.3 -617.2