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Analytics, News, and Forecasts for CFD Markets: currency news — 22-11-2012.
EUR/USD $1.2700, $1.2765, $1.2840, $1.2925, $1.2980
GBP/USD $1.5985, $1.6000
EUR/GBP stg0.8000
AUD/USD $1.0335, $1.0400Data
01:45 China HSBC Manufacturing PMI (preliminary) November 49.5 50.4
08:00 France Manufacturing PMI (preliminary) November 43.7 44.1 44.7
08:00 France Services PMI (preliminary) November 44.6 45.3 46.1
08:30 Germany Manufacturing PMI (preliminary) November 46.0 45.9 46.8
08:30 Germany Services PMI (preliminary) November 48.4 48.5 48
09:00 Eurozone Manufacturing PMI (preliminary) November 45.4 45.6 46.2
09:00 Eurozone Services PMI (preliminary) November 46.0 46.1 45.7
09:00 Eurozone EU Economic Summit -
11:00 United Kingdom CBI industrial order books balance November -23 -19 -21
The euro rose to a two-week high against the dollar after a report showed that China's manufacturing index rose this month, adding evidence that the second-largest economy is gaining momentum. According to preliminary data, this index increased in November to the level of 50.4, compared with the final value at the level of 49.5 in October.
The single currency rose against all but two of its 16 major counterparts as the data showed that business activity in the manufacturing rose in November more than economists forecast. At the same time, the composite index of purchasing managers in the euro area in the services sector and in the manufacturing industry amounted to 45.8, up from 45.7 in October, while analysts had expected no change.
The yen fell on speculation that the Japanese elections next month will go to the power of the opposition party, which advocates a more aggressive monetary easing.
EUR / USD: during the European session, the pair demonstrated steady growth, and is now trading at $ 1.2890, which is the maximum value
GBP / USD: during the European session, the pair set a high at $ 1.5980, then dropped, and is now at around $ 1.5955
USD / JPY: during the European session, the pair rose to a maximum of Y82.85, but then dropped to Y82.54
At 13:30 GMT in Canada will change in the volume of retail sales, the change in retail sales excluding auto sales for September. At 15:00 GMT Eurozone publish indicator of consumer confidence for November.
U.S. celebrates Thanksgiving
Japan celebrate rewarding work
EUR/USD
Offers $1.2980/85, $1.2940/50, $1.2920/25, $1.2895/900, $1.2885/95
Bids $1.2810/00, $1.2785/80, $1.2765/60, $1.2740/30
GBP/USD
Offers $1.6125, $1.6080, $1.6060, $1.6000/20, $1.5980
Bids $1.5945/35, $1.5925/20, $1.5900, $1.5880
AUD/USD
Offers $1.0450
Bids $1.0355/50, $1.0320, $1.0305/00, $1.0280
EUR/JPY
Offers Y108.00, Y107.50, Y107.00
Bids Y106.10/00, Y105.50, Y105.20, Y105.05/00
USD/JPY
Offers Y83.50, Y83.00
Bids Y82.50, Y82.35/30, Y82.00, Y81.50
EUR/GBP
Offers stg0.8100, stg0.8075/80
Bids stg0.8025/20, stg0.8005/00, stg0.7970/60, stg0.7945/40
Sold E3.88bln vs target E2.5bln-E3.5bln
- E1.712bln of 3.75% Oct 2015 Bono, cover 2.09 vs 2.83 previous
- E645mln of 5.50% July 2017 Obligaciones, cover 2.61 vs 2.47 previous
- E1.523bln of 5.50% Apr 2021 Obligaciones, cover 1.77
EUR/USD $1.2700, $1.2765, $1.2840, $1.2925, $1.2980
GBP/USD $1.5985, $1.6000
EUR/GBP stg0.8000
AUD/USD $1.0335, $1.0400
The single currency started to gain momentum after the publication of positive growth indicators PMI Germany - the euro area rose to $ 1.2868 highs night on German data and after the euro zone PMI retreated to $ 1.2855.
According to the study Markit, in November PMI index of manufacturing activity in Germany rose unexpectedly to 46.8, although it was expected that he would remain in the flat at around 46.0. However, similar to the index of activity in the service sector eased from 48.4 to 48.0. Thus, the German economy still continues to remain in the reduction, indicating a weakening of the national economy.
Preliminary index of manufacturing activity in the euro zone PMI Markit rose in November from 45.4 to 46.2 vs. 45.5. Meanwhile, in the services PMI eased from 46.0 to 45.7 (forecast 46.0). As a result, the composite PMI strengthened slightly from 45.7 to 45.8, according to the forecast.
The euro rose against most of the 16 most traded currencies on speculation that European finance ministers are close to finalizing a bailout package for Greece.
The yen fell to a six-month low against the euro after the volume of Japanese exports recorded a fifth monthly fall, undermining demand for assets in the country. According to data from the Ministry of Finance, the level of exports fell by 6.5% in October, compared with the previous year, resulting in a trade deficit amounted to 549 billion yen. Note that many analysts had expected a deficit of 360 billion yen.
The single currency rose to its highest level in almost two weeks against the dollar after falling earlier in deficiency of Ministers to complete the transaction on the Greek question. But later the currency regained its losses as the finance ministers said that the next meeting to discuss the aid package for Greece will be held on November 26.
At the same time, German Chancellor Angela Merkel told lawmakers this morning that there is a chance for a deal on the Greek question at a meeting next week.
Note that the dollar index rose this morning after Federal Reserve Chairman Ben Bernanke said yesterday that the U.S. economy is at risk of falling into a recession, if lawmakers can not escape the so-called "financial cliff", stimulating demand for safe U.S. currency.
The pound rose to its highest level in a week against the euro after European finance ministers failed to agree on debt reduction for Greece and, in light of the fact that the policy of the Bank of England signaled that it will not cut interest rates.
Sterling captures fourth session rise against the dollar, as the Bank of England minutes showed that policymakers voted (8 in favor, 1 against), to leave a program of quantitative easing this month at the same level. Most politicians have said that the uncertainty among consumers and companies could adversely affect the economy.
Also published data showed that the UK's budget deficit widened unexpectedly in October, and was 8.6 billion pounds, compared with 5.9 billion pounds a year earlier.
01:45 China HSBC Manufacturing PMI (preliminary) November 49.5 50.4
The euro rose versus most of its 16 major counterparts before finance ministers from the 17-nation currency bloc resume talks on aid for Greece next week. Euro-area finance ministers said a further meeting on Greece had been arranged for Nov. 26 and that only technical problems are holding up a deal. “We have a series of options on the table on how to close the financing gap,” German Finance Minister Wolfgang Schaeuble told reporters in Brussels yesterday. “We discussed the issue very intensively, but since the questions are so complicated we didn’t come to a final agreement.”
The Japanese currency touched a seven-month low amid speculation the nation’s opposition party advocating “unlimited” monetary stimulus will win power in elections next month and as gains in Asian equities curbed demand for haven assets. The LDP pledged yesterday to achieve nominal economic growth of 3 percent and set an inflation target with the Bank of Japan (8301) should it win next month’s vote.
Australia’s currency climbed after a private report signaled China’s manufacturing may expand this month. HSBC Holdings Plc and Markit Economics said today that their purchasing managers’ index for China’s manufacturing was at 50.4 in November on a preliminary reading, compared with a final level of 49.5 in October. The 50 level divides expansion from contraction.
EUR / USD: during the Asian session, the pair rose to $ 1.2870.
GBP / USD: during the Asian session, the pair rose to $ 1.5970.
USD / JPY: during the Asian session the pair fell, retreating from the previous day's high.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2816 0,00%
GBP/USD $1,5952 +0,18%
USD/CHF Chf0,9358 -0,43%
USD/JPY Y82,51 +2,76%
EUR/JPY Y105,89 +1,13%
GBP/JPY Y131,62 +1,19%
AUD/USD $1,0369 -0,17%
NZD/USD $0,8146 -0,31%
USD/CAD C$0,9962 -0,05%
01:45 China HSBC Manufacturing PMI (preliminary) November 49.5 50.4
08:00 France Manufacturing PMI (preliminary) November 43.7 44.1
08:00 France Services PMI (preliminary) November 44.6 45.3
08:30 Germany Manufacturing PMI (preliminary) November 46.0 45.9
08:30 Germany Services PMI (preliminary) November 48.4 48.5
09:00 Eurozone Manufacturing PMI (preliminary) November 45.4 45.6
09:00 Eurozone Services PMI (preliminary) November 46.0 46.1
09:00 Eurozone EU Economic Summit -
11:00 United Kingdom CBI industrial order books balance November -23 -19
13:30 Canada Retail Sales, m/m September +0.3% +0.6%
13:30 Canada Retail Sales ex Autos, m/m September +0.4% +0.5%
13:30 U.S. Bank holiday -
15:00 Eurozone Consumer Confidence November -25.7 -25.8
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