Analytics, News, and Forecasts for CFD Markets: currency news — 24-04-2012.

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  • The decision to use three-year loans to the ECB remains with the individual banks

  • Three-year loans to the ECB designed to prevent the credit crunch

EUR/USD $1.3000, $1.3050, $1.3100, $1.3150, $1.3195, $1.3200, $1.3225, $1.3250

USD/JPY Y80.00, Y81.10, Y81.25

AUD/USD $1.0275, $1.0280, $1.0300, $1.0310, $1.0400

EUR/USD
Offers $1.3230/50, $1.3220, $1.3180-200
Bids $1.3120/00, $1.3085/80, $1.3070, $1.3050

GBP/USD
Offers $1.6220/25, $1.6200, $1.6180, $1.6160/70
Bids $1.6135/30, $1.6120/00, $1.6075, $1.6050/40, $1.6010/00

AUD/USD
Offers $1.0400, $1.0380/90, $1.0345/50, $1.0300/10
Bids $1.0225, $1.0200, $1.0150

EUR/JPY
Offers Y108.35/40, Y107.75/80, Y107.40/45,  Y107.25/30
Bids Y106.20/00, Y105.90/85, Y105.50, Y105.30/25

USD/JPY
Offers Y81.90/00, Y81.50
Bids Y80.80, Y80.60/50, Y80.30, Y80.00

EUR/GBP
Offers stg0.8300, stg0.8275/80, stg0.8265/70, stg0.8255/60, stg0.8220, stg0.8200/10, stg0.8170/75
Bids stg0.8145/40, stg0.8130, stg0.8120, stg0.8100

Resistance 3: Y82.55 (Apr 6 high)
Resistance 2: Y81.80/90 (Apr 10 and 20 high)
Resistance 1: Y81.30 (session high)
Current price: Y81.18
Support 1: Y81.10 (МА (200) for Н1)
Support 2: Y80.85/80 (session low, 61,8 % FIBO Y80,30-Y81,80)
Support 3: Y80.30/20 (area of Feb 29, Apr 16-17 lows)

Resistance 3: Chf0.9210 (Apr 18 high)
Resistance 2: Chf0.9170 (Apr 23 high)
Resistance 1: Chf0.9140 (session high, resistance line from Apr 16)
Current price: Chf0.9127
Support 1: Chf0.9110 (session low)
Support 2: Chf0.9080 (Apr 20 low)
Support 3: Chf0.9000 (area of April and March lows, psychological level)

Resistance 3 : $1.6280 (resistance line of April’2011)

Resistance 2 : $1.6200 (area of Sep 6 high)

Resistance 1 : $1.6170 (high of October)

Current price: $1.6152

Support 1 : $1.6080 (area of session low and support line from Apr 19)

Support 2 : $1.6070 (area of Apr 23 low and Apr 19 high)

Support 3 : $1.6000 (Apr 20 low)

Resistance 3 : $1.3300 (resistance line from Feb 29)
Resistance 2 : $1.3250 (Mar 29 low)
Resistance 1 : $1.3210/30 (Apr 12 and 20 highs)
Current price: $1.3162
Support 1 : $1.3140 (session low)
Support 2 : $1.3100 (Apr 23 low)
Support 3 : $1.3060 (area of Apr 18-19 lows)

• 8.6bps for 3-month Letra vs 4.7bps prev. Avg yield 0.634% vs 0.381% prev 4.8bps for 6-month Letra vs 3.2bps prev. Avg yield 1.580% vs 0.836% prev

01:30 Australia CPI, q/q Quarter I 0.0% +0.8% +0.1%

01:30 Australia CPI, y/y Quarter I +3.1% +2.2% +1.6%

The yen gained versus all of its 16 major counterparts as concern political uncertainty in France and the Netherlands will hinder efforts to resolve Europe’s debt crisis boosted demand for haven assets. Japan’s currency rose against the dollar and euro before Dutch Prime Minister Mark Rutte is set to speak in parliament today, less than 24 hours after tendering his Cabinet’s resignation. Rutte will speak during a debate in the Netherlands parliament in the Hague today in a bid to break a budget deadlock over additional cuts of at least 9.5 billion euros ($12.5 billion) needed to satisfy European deficit limits. Rutte offered to quit after budget talks with Geert Wilders’s Freedom Party collapsed. The Dutch government said Queen Beatrix will consider Rutte’s offer and requested that the Cabinet handle current affairs in the meantime.

In France, presidential challenger Hollande is set to beat incumbent leader Sarkozy in a second round of balloting next month, according to four polls. Hollande’s support ranges from 53 percent to 56 percent, the polls showed. The surveys were conducted by the CSA, BVA, Ifop and Ipsos polling companies after first-round voting ended.

Australia’s currency weakened versus all of its major peers after a report showed the nation’s consumer prices rose 1.6 percent in the first quarter from a year earlier. That’s the slowest pace since 2009 and compares with a forecast for a 2.2 percent increase. Central bank Governor Glenn Stevens signaled April 3 he may end a three-month pause in interest-rate cuts as soon as next month if weaker-than-forecast growth slows inflation.

EUR/USD: during the Asian session the pair holds in a range $1.3145-$1.3160.

GBP/USD: during the Asian session the pair holds in a range $1.6105-$1.6130.

USD/JPY: during the Asian session the pair fell, updated a week’s low.

European data for Tuesday starts at 0830GMT, ECB Governing Council member Josef Bonnici is due to hold a press conference and  present annual report, in Valletta. At 1205GMT, German Finance Minister Wolfgang Schaeuble and Luxembourg Finance Minister Luc Frieden are both due to participate in a dialogue at the Luxembourg for Finance seminar, in Berlin. UK data at 0830GMT sees the public sector finances data where PSNB and PSNB-X are expected to grow to 15.9 billion and 16.5 billion.  US data starts at 1300GMT, the latest Case-Shiller Home Price Index is due. US data at 1400GMT includes Consumer Confidence, New Home Sales, the FHFA Home Price Index, the Richmond Fed Manufacturing Index and also BLS Mass Layoffs.

Yesterday the euro touched its strongest level in two weeks versus the dollar after German business confidence unexpectedly increased to a nine-month high, fueling investor appetite for risk. The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, rose to 109.9 this month from 109.8 in March. The 17-nation currency gained for a fourth day versus the yen amid bets the International Monetary Fund will increase its lending capacity to help keep Europe’s debt crisis contained. Governments are leaning toward committing more than $400 billion in fresh funding for the IMF to help it protect the world economy against more fiscal turmoil in Europe. The U.K., Australia and Singapore joined Japan, Denmark and Switzerland among the countries to rally this week to Managing Director Lagarde’s call for capacity beyond the current $380 billion. She told reporters she expected the IMF’s firepower to be “significantly” increased.

The yen touched its weakest level since April 10 versus the dollar, 81.78, on speculation the Bank of Japan will add to monetary easing at its next meeting on April 27. Bank Governor Masaaki Shirakawa said in a speech in Washington this week the nation still needs monetary stimulus. The BOJ set a 1 percent inflation goal on Feb. 14 and increased the size of its program to buy government debt. Deputy Governor Kiyohiko Nishimura said two days ago the central bank is ready to implement additional easing if necessary.

The pound gained for a fifth day against the dollar after retail sales climbed. Sterling was poised for its biggest weekly gain versus the dollar in 11 months after U.K. retail sales climbed more than forecast in March. Sales including auto fuel gained 1.8 percent, compared with February, when they declined 0.8 percent, the Office for National Statistics said in London.

Resistance 3: Y82.55 (Apr 6 high)

Resistance 2: Y81.80 (Apr 20 high)

Resistance 1: Y81.20 (session high)

The current price: Y80.87

Support 1: Y80.85 (Apr 18 low)

Support 2: Y80.30 (Apr 16 low)

Support 3: Y80.00 (Feb 28 low)

Resistance 3: Chf0.9210 (Apr 18 high)

Resistance 2: Chf0.9195 (Apr 19 high)

Resistance 1: Chf0.9170 (Apr 23 high)

The current price: Chf0.9134

Support 1: Chf0.9120/25 (area of Apr 17-19 low)

Support 2: Chf0.9080 (Apr 20 low)

Support 3: Chf0.9070 (Apr 2 high)

Resistance 3 : $1.6200 (Sep 6 high)

Resistance 2 : $1.6165 (Oct 31 high)

Resistance 1 : $1.6145 (Apr 20 high)

The current price: $1.6118

Support 1 : $1.6075 (Apr 23 low)

Support 2 : $1.6005 (Apr 19 low)

Support 3 : $1.5960/70 (area of Apr 13-17 high)

Resistance 3 : $1.3240 (Apr 4 high)

Resistance 2 : $1.3230 (Apr 20 high)

Resistance 1 : $1.3165/75 (area of Apr 17-19 highs)

The current price: $1.3151

Support 1 : $1.3105 (Apr 23 low)

Support 2 : $1.3055/65 (area of Apr 18-19 lows)

Support 3 : $1.3030 (Apr 9 low)

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

EUR/USD $1,3156 -0,47%

GBP/USD $1,6123 +0,02%

USD/CHF Chf0,9133 +0,49%

USD/JPY Y81,16 -0,43%

EUR/JPY Y106,78 -0,93%

GBP/JPY Y130,86 +0,34%

AUD/USD $1,0315 -0,61%

NZD/USD $0,8131 -0,68%

USD/CAD C$0,9906 -0,15%

01:30 Australia CPI, q/q Quarter I 0.0% +0.8%

01:30 Australia CPI, y/y Quarter I +3.1% +2.2%

06:00 Switzerland Trade Balance March 2.68 1.99

06:00 Switzerland UBS Consumption Indicator March 0.87

08:30 United Kingdom PSNB, bln March 12.9 15.6

09:00 Eurozone Industrial production, (MoM) February -2.3% +1.4%

09:00 Eurozone Industrial Production (YoY) February -3.3%

09:00 G7 G7 Meetings -

12:30 Canada Retail Sales, m/m February +0.5% +0.2%

12:30 Canada Retail Sales ex Autos, m/m February -0.5% +0.8%

13:00 Belgium Business Climate April -9.6 -7.5

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y February -3.8% -3.5%

14:00 U.S. Consumer confidence April 70.2 70.1

14:00 U.S. New Home Sales March 313 321

14:00 U.S. Richmond Fed Manufacturing Index April 7 7

17:30 Canada BOC Gov Carney Speaks