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Analytics, News, and Forecasts for CFD Markets: currency news — 25-04-2014.
The U.S.
dollar traded lower despite the better-than-expected U.S. consumer confidence.
The Reuters/Michigan Consumer Sentiment Index increased to 84.1 in April from
82.6 in March. Analysts forecasted 83.2. Services PMI declined to 54.2 in April
from 55.3 in March. The projected figure was 56.2. Investors were cautious due
to tensions between Russia and Ukraine.
The euro climbed
against the U.S. dollar. There was no publication of economic data in the
Eurozone.
The British
pound was up the U.S. dollar but later lost a part of its gains. The British
currency was supported by the better-than-expected retail sales. Retail sales
increased 0.1% in March. Analysts forecasted the fall of 0.4%. But the mortgage
approvals dropped to 45,900 in March. The projected figure was 48,900. The
mortgage approvals in February were revised down to 47,200 from 47,600.
The
Japanese yen traded higher against the U.S. dollar due to the demand for safe-haven
currency. Japan’s inflation data was published today. Tokyo Consumer Price
Index rose 1.3% in April. It is the same increase as in the previous month.
Tokyo CPI excluding fresh food climbed 2.7% in April from 1.0% in March. The
rise of CPI did not meet the expectations. Analysts forecasted the increase of
2.7%.
Stock markets in Australia and New Zealand were
closed for the public holiday.
USD/JPY 101.00, 101.50, 102.00, 102.15, 102.55-65, 102.70, 103.00, 103.10,
EUR/USD 1.3775 1.3800
GBP/USD 1.6600
AUD/USD 0.9280 0.9300 0.9335
USD/CAD 1.0900 1.0915 1.0930 1.0940 1.0950 1.0965 1.1000 1.1095 1.1100
AUD/JPY 95.00
EUR/GBP 0.8300
Economic calendar:
04:30 Japan All Industry Activity
Index, m/m February +1.0% -0.5%
-1.1%
08:00 Switzerland SNB Chairman Jordan Speaks
08:30 United Kingdom Retail Sales (MoM) March +1.7% -0.4%
+0.1%
08:30 United Kingdom Retail Sales (YoY) March +3.7% +3.8%
+4.2%
08:30 United Kingdom BBA Mortgage Approvals March 47.6 48.9
45.9
The euro increased
against the U.S. dollar but lost its gains. There are no economic data to be
published in the Eurozone.
The U.S.
dollar traded lower against the most major currencies ahead the publication of Reuters/Michigan
Consumer Sentiment Index. Analysts forecasted the increase to 83.2 in April
from 82.6 in March.
The British
pound was up the U.S. dollar. The British currency was supported by the
better-than-expected retail sales. Retail sales increased 0.1% in March.
Analysts forecasted the fall of 0.4%. But the mortgage approvals dropped to
45,900 in March. The projected figure was 48,900. The mortgage approvals in
February were revised down to 47,200 from 47,600.
EUR/USD:
the currency pair traded mixed
GBP/USD:
the currency pair traded mixed
USD/JPY:
the currency pair declined to Y101.95
The most important news that are expected
(GMT0):
13:43 U.S.
Services PMI
(Preliminary)
April 55.3 56.2
13:55 U.S. Reuters/Michigan
Consumer Sentiment Index (Finally)
April 82.6 83.2
EUR/USD
Offers $1.3950, $1.3930, $1.3900, $1.3880-85, $1.3860/65
Bids $1.3800, $1.3785/75, $1.3765/60
GBP/USD
Offers $1.6900, $1.6870/80, $1.6840/50
Bids $1.6765-60, $1.6750/45, $1.6680
AUD/USD
Offers $0.9395/00, $0.9350, $0.9305/10
Bids $0.9250, $0.9220, $0.9200, $0.9155/50
EUR/JPY
Offers Y142.80, Y142.50, Y142.00
Bids Y141.00, Y140.50
USD/JPY
Offers Y102.95/00, Y102.65/70, Y102.50
Bids Y102.10/00, Y101.85/80, Y101.50
EUR/GBP
Offers stg0.8250
Bids stg0.8190-80, stg0.8150
USD/JPY 101.00, 101.50, 102.00, 102.15, 102.55-65, 102.70, 103.00, 103.10,
EUR/USD 1.3775 1.3800
GBP/USD 1.6600
AUD/USD 0.9280 0.9300 0.9335
USD/CAD 1.0900 1.0915 1.0930 1.0940 1.0950 1.0965 1.1000 1.1095 1.1100
AUD/JPY 95.00
EUR/GBP 0.8300
Economic calendar (GMT0):
04:30 Japan All Industry Activity Index, m/m February +1.0% -0.5% -1.1%
08:00 Switzerland SNB Chairman Jordan Speaks
08:30 United Kingdom Retail Sales (MoM) March +1.7% -0.4% +0.1%
08:30 United Kingdom Retail Sales (YoY) March +3.7% +3.8% +4.2%
08:30 United Kingdom BBA Mortgage Approvals March 47.6 48.9 45.9
The U.S.
dollar declined against the most major currencies. Tensions between Russia and
Ukraine have a negative influence. Investors are concerned that an escalation
of the Ukraine crisis is imminent. They also concerned the USA will be increasingly
involved in the Ukraine crisis and that will burden the U.S. economy
Stock markets
in Australia and New Zealand were closed for the public holiday. There were no significant
price movements.
The
Japanese yen traded lower against the U.S. dollar after the inflation data
publication. Tokyo Consumer Price Index rose 1.3% in April. It is the same
increase as in the previous month. Tokyo CPI excluding fresh food climbed 2.7%
in April from 1.0% in March. The rise of CPI did not meet the expectations.
Analysts forecasted the increase of 2.7%.
National
Consumer Price Index improved from the previous month. The index climbed 1.6%
in March (February: 1.5%). National CPI excluding fresh food did not meet the
expectations. The index was up 1.3%, expected the rise of 1.4%.
Investors
think that the Japan’s inflation will decline later this year. If it actually
happens, the Bank of Japan could trigger new easing action. But the Bank of
Japan Governor Haruhiko Kuroda is convinced Japan’s inflation is on a path to
reach the target of 2.0%.
EUR/USD: the currency pair climbed to $1.3835
GBP/USD: the currency pair was up to $1.6810
USD/JPY: the currency pair rose to Y102.50
The most important news that are expected
(GMT0):
13:43 U.S. Services PMI (Preliminary) April 55.3 56.2
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) April 82.6 83.2
Tokyo
Consumer Price Index rose 1.3% in April. It is the same increase as in the previous
month. Tokyo CPI excluding fresh food climbed 2.7% in April from 1.0% in March.
The rise of CPI did not meet the expectations. Analysts forecasted the increase
of 2.7%.
National
Consumer Price Index improved from the previous month. The index climbed 1.6%
in March (February: 1.5%). National CPI excluding fresh food did not meet the
expectations. The index was up 1.3%, expected the rise of 1.4%.
Investors
think that the Japan’s inflation will decline later this year. If it actually
happens, the Bank of Japan could trigger new easing action. But the Bank of
Japan Governor Haruhiko Kuroda is convinced Japan’s inflation is on a path to
reach the target of 2.0%.
EUR / USD
Resistance levels (open interest**, contracts)
$1.3900 (2152)
$1.3876 (1543)
$1.3858 (1152)
Price at time of writing this review: $ 1.3831
Support levels (open interest**, contracts):
$1.3813 (63)
$1.3792 (337)
$1.3773 (1494)
Comments:
- Overall open interest on the CALL options with the expiration date May, 9 is 25859 contracts, with the maximum number of contracts with strike price $1,4000 (2753);
- Overall open interest on the PUT optionswith the expiration date May, 9 is 32524 contracts, with the maximum number of contractswith strike price $1,3600 (3815);
- The ratio of PUT/CALL was 1.26 versus 1.24 from the previous trading day according to data from April, 24.
GBP/USD
Resistance levels (open interest**, contracts)
$1.7100 (1264)
$1.7001 (1268)
$1.6902 (1612)
Price at time of writing this review: $1.6805
Support levels (open interest**, contracts):
$1.6697 (780)
$1.6599 (1327)
$1.6500 (1228)
Comments:
- Overall open interest on the CALL options with the expiration date May, 9 is 16866 contracts, with the maximum number of contracts with strike price $1,6800 (1701);
- Overall open interest on the PUT optionswith the expiration date May, 9 is 19357 contracts, with the maximum number of contracts with strike price $1,6200 (1870);
- Theratio of PUT/CALLwas 1.15 versus 1.15 from the previous trading day according to data from April, 24.
* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.
** - Open interest takes into account the total number of option contracts that are open at the moment.
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