- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: currency news — 23-11-2012.
The euro strengthened to its highest level in three weeks against the dollar after data showed that the index of German business confidence rose in November, boosting optimism about the fact that Europe's largest economy is starting to gain momentum.
The single currency was headed for a weekly gain in comparison with most of its 16 major counterparts on speculation that policy makers will agree to help Greece at a meeting to be held on Monday, November 26.
Analysts note that the single currency could rise to its September high against the dollar at 1.3172, but first is to overcome the level of $ 1.3021, which is the highest level since Oct. 31. Analysts Landesbank Hessen-Thueringen in Frankfurt including Ralf Umlauf wrote in a note to clients.
The yen strengthened against the dollar as the fact that the technical indicators show that the decline this week, may have been too quick.
Note that the currency of Japan continues to be headed for the second weekly decline against the dollar as the opposition leader Shinzo Abe, who is expected to become the next prime minister after the elections on 16 December, and will increase the pressure on the Bank of Japan to add stimulus measures that would tend to weaken the yen.
The pound strengthened against the U.S. dollar, registering with the first weekly rise in a month, after a report from the British Bankers' Association showed that the number of mortgage approvals rose to nine-month high in October.
The British pound is growing amid global risk appetite and the rise of stock markets in Europe and the U.S.. Pair added more than 60 pips and is currently trading at $ 1.5985/90
After the publication of the statistics unit of Canada's consumer price index pair USD / CAD updated intraday low CAD0.9955.
In October, the Canadian inflation rose by 0.1% (m / m and y / y) vs. 1.1% expected and 0.2%. Bank of Canada CPI rose by 1.3% against expectations of 1.2%.
- 3-yearr tenders firmed feedback loop btw banks/states
- Must not overburden monetary policy
- Crisis blurred boundaries between monpol/fiscal pol
- Monpol intervention may delay governmnt reforms
- Control and liability must be kept in balance in EMU
- Bailouts have increased joint liability, not control
- Must target exaggerations before they threaten stab.
- Single supervisor can help prevent future crises
- Must risk-weight sovereign bonds in bank capital
- Should limit bank exposure to individual sovereigns
EUR/USD $1.2750, $1.2975, $1.3000
USD/JPY Y81.40, Y81.50, Y82.50
AUD/USD $1.0300, $1.0400
07:00 Germany GDP (QoQ) (finally) Quarter III +0.2% +0.2% +0.2%
07:00 Germany GDP (wda) (YoY) (finally) Quarter III +0.4% +0.4% +0.9%
09:00 Germany IFO - Business Climate November 100.0 99.6 101.4
09:00 Germany IFO - Current Assessment November 107.2 106.3 108.1
09:00 Germany IFO - Expectations November 93.2 93.0 95.2
09:00 Eurozone EU Economic Summit -
09:30 United Kingdom BBA Mortgage Approvals October 31.2 32.3 33.0
The euro strengthened to the highest level in three weeks versus the dollar after data showed German business confidence rose in November, boosting optimism that Europe’s biggest economy is weathering the region’s slowdown.
The 17-nation shared currency headed for a weekly gain versus most of its 16 major peers. It was poised to advance the most against the yen on speculation Europe’s policy makers will agree to keep aid flowing to Greece when they meet in three days’ time.
The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October for its first gain in eight months. Economists predicted a drop to 99.5 according to the median of 48 forecasts in a survey.
Euro-region finance ministers will meet on Nov. 26 to discuss ways to unlock international loans for Greece and prevent it from dropping out of the shared currency. The nation has been negotiating with euro-area politicians and the International Monetary Fund over the steps needed to qualify for the release of loan installments frozen since June.
The Japanese currency strengthened against the dollar as a technical indicator signaled its decline this week may have been too rapid.
Japan’s currency still headed for a second weekly decline against the dollar as opposition leader Shinzo Abe, who is favored to become the country’s next prime minister after elections on Dec. 16, increased pressure on the Bank of Japan to add to stimulus measures that tend to weaken the yen.
EUR / USD: during the European session, the pair shows growth, and is now trading at $ 1.2915, which is the maximum value
GBP / USD: during the European session, the pair set a high at $ 1.5965 and then fell to $ 1.5926, and now is at $ 1.5935
USD / JPY: during the European session, the pair is trading in a range of mixed Y82.05 - Y82.38
At 13:30 GMT in Canada released the consumer price index and the core consumer price index from the Bank of Canada in October.
EUR/USD
Offers $1.3000, $1.2980/85, $1.2940/50, $1.2920/25
Bids $1.2870/50, $1.2810/00, $1.2785/80, $1.2765/60, $1.2740/30
GBP/USD
Offers $1.6020, $1.6000, $1.5980, $1.5950/55
Bids $1.5920, $1.5900, $1.5880
AUD/USD
Offers $1.0500, $1.0450
Bids $1.0380/75, $1.0370, $1.0355/50, $1.0320/15
EUR/JPY
Offers Y107.00, Y106.50
Bids Y107.75/70, Y105.50, Y105.20, Y105.05/00, Y104.80
USD/JPY
Offers Y83.00, Y82.50/55, Y82.35/30
Bids Y82.00, Y81.50, Y81.00
EUR/GBP
Offers stg0.8120
Bids stg0.8025/20, stg0.8005/00
The growth of the GBP / USD was limited to a maximum of $ 1.5967 before opening in London, after which prices fell back to 40 points, reaching a low of $ 1.5928, being flat.
Pound did not give such an active response to the euro positive data on German IFO, and after the release rate of approved applications for mortgage BBA in Britain which grew by 31.2 thousand to 33.0 thousand (forecast 32.3 million), the pair is still traded at around $ 1.5930.
- Still stand ready to implement OMT
- Only completing union will fully restore confidence
EEUR/USD $1.2750, $1.2975, $1.3000
USD/JPY Y81.40, Y81.50, Y82.50
AUD/USD $1.0300, $1.0400
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
00:00 Japan Bank holiday -
The yen was supported as technical indicators signaled its recent decline may have been too rapid. The currency’s 14-day relative strength index against the dollar was at 27, its fifth- straight day below the 30 level that some traders see as a sign an asset is about to change direction. Against the euro, it was at 31.
Japan’s currency pared a weekly decline that comes as opposition leader Shinzo Abe, who is favored to become the country’s next prime minister after elections on Dec. 16, increased pressure on the Bank of Japan to add to stimulus measures that tend to weaken the yen. Japan’s Abe, who heads the opposition Liberal Democratic Party, said intervention to weaken the yen is not effective, especially if the country acts alone in the currency market, the Wall Street Journal reported today, citing an interview yesterday. The BOJ should work to increase the nation’s monetary base and set a clear inflation target, the newspaper quoted Abe as saying.
The euro traded near its highest level in three weeks on prospects finance ministers will agree on an aid package for Greece next week, even after a report showed Europe’s common currency area slipped back into recession. A composite index based on a survey of purchasing managers in manufacturing and services in the euro zone was at 45.8 in November compared with 45.7 in October, London-based Markit Economics said yesterday. A report last week showed the region’s gross domestic product slipped for a second-straight period in the third quarter, the first back-to-back drop since 2009.
EUR / USD: during the Asian session, the pair traded in the range of $1.2865-85.
GBP / USD: during the Asian session, the pair rose to $1.5950.
USD / JPY: during the Asian session the pair fell to Y82.15.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2884 +0,53%
GBP/USD $1,5940 -0,08%
USD/CHF Chf0,9350 -0,09%
USD/JPY Y82,46 -0,06%
EUR/JPY Y106,23 +0,32%
GBP/JPY Y131,41 -0,16%
AUD/USD $1,0388 +0,18%
NZD/USD $0,8157 +0,13%
USD/CAD C$0,9970 +0,08%
00:00 Japan Bank holiday -
07:00 Germany GDP (QoQ) (finally) Quarter III +0.2% +0.2%
07:00 Germany GDP (wda) (YoY) (finally) Quarter III +0.4% +0.4%
09:00 Germany IFO - Business Climate November 100.0 99.6
09:00 Germany IFO - Current Assessment November 107.3 106.3
09:00 Germany IFO - Expectations November 93.2 93.0
09:00 Eurozone EU Economic Summit -
09:30 United Kingdom BBA Mortgage Approvals October 31.2 32.3
13:30 Canada Consumer Price Index m / m October +0.2% +0.2%
13:30 Canada Consumer price index, y/y October +1.2% +1.0%
13:30 Canada Bank of Canada Consumer Price Index Core, m/m October +0.2% +0.3%
13:30 Canada Bank of Canada Consumer Price Index Core, y/y October +1.3% +1.2%
14:00 Belgium Business Climate November -13.5 -13.2
© 2000-2025. 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
