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Analytics, News, and Forecasts for CFD Markets: currency news — 22-08-2012.
The dollar strengthened against the euro on speculation that the Federal Reserve will take steps to boost economic growth, although recent reports suggest that the economy is gaining momentum.
The dollar showed growth against the yen after Japan reported that the trade deficit in July rose more than expected.
We also learned that the U.S. central bank is considering various ways to buy bonds for further easing, as investors fading expectations of further stimulus.
The pound rose against the euro ahead of the report this week, which will be able to show that the UK economy fell by less than previously estimated in
second quarter. Sterling strengthened against most of its 16 major counterparts. Yesterday it fell to its lowest level in two weeks against the euro.
The euro rose, after Greek Prime Minister Antonis Samaras said in Athens that his government deliberately meet the objectives of saving and help to combat the sovereign debt crisis.
Also influenced the growth of the published data on the level of sales in the secondary market, which increased compared to the previous month, but were below analysts' expectations.
The Australian dollar fell, as the decline in stock markets eroded demand for higher-yielding assets.
The dollar index, which tracks the greenback against six major currencies, was 81.910, after rising to 82.121.
Now market participants are awaiting publication of the minutes of the meeting FOMC, which may shed light on the possibility of further quantitative easing.
EUR/USD $1.2450, $1.2460, $1.2500, $1.2525
USD/JPY Y79.15, Y79.50, Y79.65
GBP/USD $1.5785, $1.5800, $1.5620
AUD/USD $1.0450, $1.0500
AUD/NZD NZ$1.3010
Data
00:30 Australia Leading Index June +0.8% +0.5%
The dollar and the yen strengthened after Japan said that the trade deficit in July was more than expected, underlining the fragility of the global economy and increased demand for safe assets.
The U.S. dollar rose after the Federal Reserve Bank of Chicago Charles Evans described the weakening of global trade, as "terrible."
The euro fell against the dollar, as the Prime Minister of Luxembourg Jean-Claude Juncker, who goes to Greece to discuss a plan to save the country. Also to reduce impact of speculation that Germany will support Greece in fighting the debt crisis.
The pound rose against the euro ahead of the report this week, which will be able to show that the UK economy fell by less than previously estimated in the second quarter. Sterling strengthened against most of its 16 major counterparts. Yesterday it fell to its lowest level in two weeks against the euro.
The Australian dollar fell, as the decline in stock markets eroded demand for higher-yielding assets.
The dollar index, which tracks the greenback against six major currencies, rose 0.1 percent to 81.942.
EUR/USD: Trading in the pair shows a slight decrease, and is now trading near the support line at $ 1.2442
GBP/USD: pair rose sharply to a maximum of $ 1.5815 session, and then declined slightly and now stands at $ 1.5800
USD/JPY: the course in mid-session trading in a narrow range
Basic data protection will be presented in the second half of the day. At 12:30 GMT, there are data on retail sales in Canada in June. Further, at 14:00 GMT followed by statistics on the U.S. housing market - sales in the secondary market in July. The main event will be the publication of the American session minutes of the last meeting of the Open Market Committee of the Federal Reserve, which is scheduled for 18:00 GMT.
EUR/USD
Offers $1.2570/80, $1.2550, $1.2500
Bids $1.2440, $1.2415/00
GBP/USD
Offers $1.5900/10, $1.5880, $1.5850
Bids $1.5730, $1.5705/00
AUD/USD
Offers $1.0550, $1.0520, $1.0480/85
Bids $1.0420
EUR/GBP
Offers stg0.8015/20, stg0.8000, stg0.7965/70, stg0.7920
Bids stg0.7860/50, stg0.7810/00, stg0.7780/75
EUR/JPY
Offers Y99.80, Y99.50, Y99.20
Bids Y98.50, Y98.20, Y98.00, Y97.75/70
USD/JPY
Offers Y79.80, Y79.50
Bids Y79.20, Y79.10, Y79.00
EUR/USD $1.2450, $1.2460, $1.2500, $1.2525
USD/JPY Y79.15, Y79.50, Y79.65
GBP/USD $1.5785, $1.5800, $1.5620
AUD/USD $1.0450, $1.0500
AUD/NZD NZ$1.3010
00:30 Australia Leading Index June +0.8% +0.5%
The dollar gained versus most major peers before data that may show an improving U.S. housing market, damping prospects the Federal Reserve will start a third round of asset purchases, or quantitative easing. Sales of existing homes in the U.S. probably climbed to a 4.51 million annual rate last month from a 4.37 million pace in June, according to the median estimate of economists in a Bloomberg News survey before today’s report from the National Association of Realtors.
Demand for the greenback was supported before the U.S. central bank releases today minutes of its most recent meeting. The Fed will release records of its two-day meeting concluded on Aug. 1, when officials refrained from adding new stimulus measures that tend to debase the greenback.
The yen rose against the Australian and New Zealand dollars as Asian stocks declined.
The euro traded 0.2 percent from a six- week high ahead of talks among European leaders this week, beginning with Luxembourg Prime Minister Jean-Claude Juncker’s visit to Greece today to discuss the nation’s request for a two- year extension to its fiscal adjustment program.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.2455-75.
GBP / USD: during the Asian session, the pair traded in the range of $ 1.5765-85.
USD / JPY: during the Asian session, the pair traded in the range of Y79.15-30.
US data gets underway at 1100GMT, when the MBA Mortgage Application Index for the August 17 week is released. The main US data for the session is released at 1400GMT, when July existing homes sales data hits screens. The main US focus for the day will come after the European close, when the FOMC July 31/Aug 1 Meeting Minutes are released at 1800GMT. European events start late, at 1600GMT, when Greek PM Antonis Samaras starts his make-or-break round of meetings by entertaining Eurogroup head Jean-Claude Juncker, in Athens.
Yesterday the euro rose to a six-week high against the dollar and the yen ahead of the meeting of regional leaders this week, which will meet to discuss their progress in the fight against the financial crisis.
The single currency continued its two-day rise after Germany reported a possible concessions to Greece. Also on the rise of the currency influenced successfully conducted auction of treasury bills in Spain. It is learned that Spain has placed T-bills in the amount of 4.515 billion euros against the planned 3.5-4.5 billion.
The dollar to fall in anticipation of the release of data on home sales, which will be presented tomorrow. It is expected that sales rose last month.
The Australian dollar rose against the dollar after the minutes of the meeting of the Reserve Bank of Australia showed that the internal market is showing signs of recovery, despite the weakness of the global economy.
The pound fell against the euro as the UK unexpectedly announced that net borrowing state. Sector declined, while factory orders balance of the Confederation of British Industry has fallen to eight-month low in August, adding to signs that the UK economy is slowing down.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2470 +1,00%
GBP/USD $1,5780 +0,44%
USD/CHF Chf0,9628 -1,02%
USD/JPY Y79,28 -0,25%
EUR/JPY Y98,86 +0,75%
GBP/JPY Y125,09 +0,20%
AUD/USD $1,0484 +0,41%
NZD/USD $0,8109 +0,26%
USD/CAD C$0,9888 +0,04%00:30 Australia Leading Index June +0.8% +0.5%
08:30 United Kingdom Business Investment, q/q Quarter II +1.9% +2.8%
12:30 Canada Retail Sales, m/m June +0.3% +0.2%
12:30 Canada Retail Sales ex Autos, m/m June +0.5% +0.4%
12:30 U.S. Existing Home Sales July 4.37 4.52
14:30 U.S. Crude Oil Inventories - -3.7
15:00 Canada BOC Gov Carney Speaks -
18:00 U.S. FOMC meeting minutes
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