Analytics, News, and Forecasts for CFD Markets: currency news — 26-07-2012.

EUR/USD $1.2010, $1.2050, $1.2060, $1.2100, $1.2110, $1.2140, $1.2170, $1.2180, $1.2200

USD/JPY Y77.75, Y78.00, Y79.00

GBP/USD $1.5500

EUR/GBP stg0.7800, stg0.7900

USD/CHF Chf0.9900

AUD/USD $1.0305, $1.0350

The nearest resistance level of $ 1.5715 (Jul 19-20 high)

Last $1.2302 after a hight at $1.2310 and stops noted above $1.2320 despite strong offers into the resistance level.

Data:

06:00 Germany Gfk Consumer Confidence Survey August 5.8 5.9 5.9

08:00 Eurozone M3 money supply, adjusted y/y June +2.9% +2.9% +3.2%

The euro jumped against the dollar by the most in almost a month after European Central Bank President Mario Draghi said policy makers will do whatever is needed to preserve the 17-nation currency.

The main event of the European session was the presentation of the ECB Mario Draghi, who said that the regulator is ready to do any measure necessary for the salvation of the euro-zone collapse. At the same time Draghi said that the euro zone is much stronger than many people think, and the deficit in the European Union is less than in the United States. In addition, he stressed that the last EU summit was very productive. According to Draghi, first and foremost, you must install the banking supervision, which is well modeled. At the same time to exit from the crisis need to do more integrated euro area.

After the comments Draghi's readiness to support the ECB's euro yield on the 10-year bonds had fallen under the Spanish mark of 7%, while the euro rebounded from morning lows and slumped to around $ 1.2290.

Earlier, the euro declined after it became known that the international rating agency Moody's Investors Service downgraded the rating of 17 German banks to "negative."

EUR/USD
Offers   $1.2275/80, $1.2230, $1.2210, $1.2200, $1.216-75
Bids  $1.2115/10,  $1.2095/90, $1.2075/70, $1.2040, $1.2010/00

EUR/JPY
Offers    Y97.50, Y97.30/35, Y97.00, Y96.50  
Bids  Y95.60, Y95.20/15, Y94.50

AUD/USD
Offers    $1.0500, $1.04500
Bids  $1.0370/65, $1.0340, $1.0300, $1.0260

EUR/GBP
Offers    stg0.7920/30, stg0.7895/900, stg0.7880/85, stg0.7855  
Bids stg0.7825/20, stg0.7805/00, stg0.7780/75

USD/JPY
Offers   Y79.00, Y78.80, Y78.45/50
Bids Y77.90, Y77.50

GBP/USD

Offers   $1.5640/50, $1.5625/30, $1.5600, $1.5575/85, $1.5515/20, $1.5500/05

Bids $1.5455/50, $1.5395/90

Resistance 3: $ 1.5773 (Jun 20 high)

Resistance 3: $ 1.5715 (Jul 19, 20 high)

Resistance 2: $ 1.5615 (session high)

Current Price: $ 1.5579

Support 1: $ 1.5460 (Jul 25 low)

Support 2: $ 1.5390/10 (area of Jul 12-13 lows)

Support 3: $ 1.5320 (Jun 5 low)

Resistance 3: $ 1.2400 (July 6 high)

Resistance 2: $ 1.2320 (area of July 17, 19 high)

Resistance 1 $ 1.2260 (July 13 high)

Current Price: $ 1.2212

Support 1: $ 1.2115 (session low)

Support 1: $ 1.2040 (July 23 low)

Support 2: $ 1.2000 (psychological level)

-- EZ has done better than US and Japan on inflation

-- EZ has degree social cohesion vs US and Japan

-- EZ progress last 6 months has been extraordonary

•  

  -- E2.5bln of May 2014 CTZ at avg yield 4.86% (4.71%), cover 1.78 (1.65)

- Without confidence finance is nothing

- Will focus on key risks to finance system as whole

- Reforms are vital to sustaining London as financial centre

EUR/USD $1.2010, $1.2050, $1.2060, $1.2100, $1.2110, $1.2140, $1.2170, $1.2180, $1.2200

USD/JPY Y77.75, Y78.00, Y79.00

GBP/USD $1.5500

EUR/GBP stg0.7800, stg0.7900

USD/CHF Chf0.9900

AUD/USD $1.0305, $1.0350

The euro rose against the dollar and the yen, after a five-day decline against the backdrop of a member of the Board of the ECB statement on the provision of the European Fund for Saving the banking license.

Also, the single currency has strengthened against most of the 16 most traded currencies, as the profitability of Spanish and Italian bonds fell against the backdrop of optimism, as the European Stability Fund will help to curb the debt crisis in the region. Yield of 10-year bond fell to Spain's 25 basis points to 7.38% level, while the Italian has declined by 15 basis points to 6.45%. The euro rose against the dollar after data showed that sales of new U.S. homes unexpectedly fell in June. The pound fell sharply against the dollar, which was caused by the publication of data on GDP, according to which the UK economy is shrinking the third consecutive quarter.

The Canadian dollar has appreciated significantly during the day against the dollar, updating the previous day at least, that was caused by weak data from USA.

00:10  Japan BOJ Governor Shirakawa Speaks

The dollar traded 0.3 percent from an eight-week low against the yen before U.S. data that may add to signs of an economic slowdown, boosting speculation the Federal Reserve will expand stimulus and debase the currency. U.S. reports today are forecast to show slowing durable- goods orders and pending home sales. U.S. orders for durable goods probably rose 0.3 percent in June after a 1.3 percent gain in May, according to economist estimates in a Bloomberg News survey taken before the Commerce Department releases the figures today. The National Association of Realtors may say today its index of pending home purchases gained 0.3 percent in June, following a 5.9 percent jump in May, a separate poll showed.

The euro weakened before data that economists said will signal retail sales in Italy declined and Spain’s unemployment rate climbed, adding to evidence of how Europe’s debt crisis is weighing on the real economy.

The New Zealand dollar strengthened for a second day after the Reserve Bank left its official cash rate at 2.5 percent for an 11th-straight time at a meeting today. The economy should “grow modestly over the next few years,” central bank Governor Alan Bollard said in a statement. The rate decision was forecast by all 16 economists in a Bloomberg survey.

EUR/USD: during the Asian session the pair fell, retreating from yesterday's high.

GBP/USD: during the Asian session the pair fell to yesterday's lows.

USD/JPY: during the Asian session the pair was trading near yesterday's low.

European events for Thursday start at 0600GMT with German import prices, which are expected to come in at -0.9% m/m, 1.9% y/y. The German GfK measure of consumer confidence follows at 0610GMT and is expected to edge down to a reading of 5.7. US data starts at 1230GMT with both the weekly Jobless Claims and June Durable Goods data. US data continues at 1400GMT with NAR Pending Home Sales, while at the same time, US Treasury Secretary Tim Geithner testifies to the Senate Banking Committee on the Financial Stability Oversight Council annual recommendations. The weekly EIA Natural Gas Storage data then follows, at 1430GMT. Kansas City Fed Production data for July follows at 1500GMT, while late data also sees the 2030GMT release of weekly M2 money supply data.

Resistance 3: Y79.20 (Jul 17 low, MA (50) D1)

Resistance 2: Y78.80 (Jul 20 high)

Resistance 1: Y78.50 (Jul 23 low)

Current price: Y78.13

Support 1: Y77.95 (Jul 23 low)

Support 2: Y77.65 (Jun 1 low)

Support 3: Y77.35 (Feb 14 low)

Resistance 3: Chf1.0000 (psychological level)

Resistance 2: Chf0.9975 (Jul 24 high)

Resistance 1: Chf0.9915 (high of the U.S. session on Jul 25)

Current price: Chf0.9895

Support 1: Chf0.9865 (Jul 25 low)

Support 2: Chf0.9830/45 (61.8% FIBO Chf0.9975-Chf0.9745, MA (200) H1)

Support 3: Chf0.9800 (76.4% FIBO Chf0.9975-Chf0.9745)

Resistance 3: $ 1.5580/90 (MA (200) H1, MA (50) D1)

Resistance 2: $ 1.5550 (Jul 24-25 high)

Resistance 1: $ 1.5520 (high of the U.S. session on Jul 25)

Current Price: $ 1.5475

Support 1: $ 1.5455 (Jul 25 low)

Support 2: $ 1.5390/10 (area of Jul 12-13 lows)

Support 3: $ 1.5320 (Jun 5 low)

Resistance 3: $ 1.2255 (76.4% FIBO $1.2040-$1.2325)

Resistance 2: $ 1.2200/15 (MA (200) H1, 61.8% FIBO $1.2040-$1.2325)

Resistance 1: $ 1.2170 (Jul 25 high)

Current Price: $ 1.2135

Support 1: $ 1.2110 (low of the U.S. session on Jul 25)

Support 2: $ 1.2040 (Jul 24 low)

Support 3: $ 1.2000 (psychological level)

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

EUR/USD $1,2147 +0,71%

GBP/USD $1,5493 -0,07%

USD/CHF Chf0,9884 -0,72%

USD/JPY Y78,14 -0,03%

EUR/JPY Y94,92 +0,68%

GBP/JPY Y121,05 -0,10%

AUD/USD $1,0309 +0,83%

NZD/USD $0,7907 +0,81%

USD/CAD C$1,0154 -0,61%

00:10 Japan BOJ Governor Shirakawa Speaks -

06:00 Germany Gfk Consumer Confidence Survey August 5.8 5.9

08:00 Eurozone M3 money supply, adjusted y/y June +2.9% +2.9%

12:30 U.S. Durable Goods Orders June +1.1% +0.4%

12:30 U.S. Durable Goods Orders ex Transportation June +0.4% +0.1%

12:30 U.S. Durable goods orders ex defense June +1.6% -0.5%

12:30 U.S. Initial Jobless Claims - 386 381

14:00 U.S. Pending Home Sales (MoM) June +5.9% +0.8%

23:30 Japan National Consumer Price Index, y/y June +0.2% 0.0%

23:30 Japan National CPI Ex-Fresh Food, y/y June -0.1% 0.0%

23:30 Japan Tokyo Consumer Price Index, y/y July -0.6% -0.6%

23:30 Japan Tokyo CPI ex Fresh Food, y/y July -0.6% -0.6%

23:50 Japan Retail sales, y/y June +3.6% +1.2%