Analytics, News, and Forecasts for CFD Markets: currency news — 26-10-2012.

Euro stretching toward the overnight high at $1.2951/56 area of European/Asian highs and should see resistance there. Last $1.2949.

EUR/USD $1.2900, $1.2910, $1.3000, $1.3075

GBP/USD $1.6000, $1.6140

AUD/USD $1.0250, $1.0350, $1.0400

USD/JPY Y79.30, Y80.00, Y80.20

EUR/JPY Y103.45, Y103.50

EUR/GBP stg0.8135, stg0.8150

NZD/USD Nz$0.8185

--Economies still face painful adjustments

--Govenments lack tools to evaluate economic adjustment consquences

Data

06:00 Germany Gfk Consumer Confidence Survey November 5.9 5.9 6.3

06:45 France Consumer confidence October 85 84 84

07:00 Switzerland KOF Institute Economic Forecast October 1.68 1.72 1.67

The euro fell as Spanish unemployment data showed a record one-in-four residents was out of work in the third quarter, adding to signs the crisis is pushing the region toward another recession.

Europe’s common currency slipped to its weakest level since Oct. 15 against the dollar. In September, the growth index of import prices in Germany has slowed from 3.2% to 1.8% vs. 2.9% y / y, and on a monthly basis a decline of 0.7%. In Business confidence in Italy and consumer confidence in France marked decline from 88.3 to 87.6 and from 85 to 84, respectively. The only positive point was the German study GfK, reported an increase in the consumer confidence index from 5.9 to 6.3 in November.

Rating agency Standard & Poor's Ratings Services has further worsened the market sentiment, downgraded the ratings of the bank BNP Paribas SA on Thursday evening. In S & P reported an increase in "economic risks" in France and southern Europe, where many branches of the French bank. The rating agency also placed the ratings of other French banks to list on review for possible downgrade. Among them, Credit Agricole SA, Societe Generale SA and Group BPCE, which owns the investment company of Natixis.

Also worth noting that concerns about Spain and Greece remain. Greece should further 30 billion euros by 2016 in view of a deeper recession and slippage in achieving the target level of the budget. This was reported by the "troika", which includes the European Union, the International Monetary Fund and the European Central Bank.

The yen rose from a four-month low versus the greenback as corporate earnings that missed analyst expectations dragged down stocks, boosting refuge demand. The yen has strengthened, despite the expectations of market participants that the Bank of Japan will take further measures to mitigate the monetary policy during its meeting next week. Experts predict that the central bank will increase the asset purchase program as the target inflation rate of 1%, is likely to be unattainable, even in the financial year starting in April 2014.

The dollar rose against higher-yielding peers before data that may show the U.S. economy grew by less than 2 percent in two consecutive quarters for the first time since 2009.

EUR / USD: during the European session the pair fell to a new low of $ 1.2881

GBP / USD: during the European session, the pair is trading in a narrow range

USD / JPY: during the European session the pair fell to a new low Y79.70

EUR/USD

Offers    $1.3050, $1.3035/40, $1.3000, $1.2975/80 

Bids     $1.2900, $1.2850

EUR/USD $1.2900, $1.2910, $1.3000, $1.3075

GBP/USD $1.6000, $1.6140

AUD/USD $1.0250, $1.0350, $1.0400

USD/JPY Y79.30, Y80.00, Y80.20

EUR/JPY Y103.45, Y103.50

EUR/GBP stg0.8135, stg0.8150

NZD/USD Nz$0.8185

Yesterday the yen against the dollar reached its lowest level in four months, as investors speculated that the Bank of Japan will expand monetary stimulus of the economy next week.

Japan's currency fell against most major currencies after the Nikkei newspaper reported that the Bank of Japan will consider increasing its program of asset purchases.

The dollar regained its early losses against the major currencies as risk appetite started to wane, and U.S. stocks moved into positive territory. Growth rates also helped the published data, which showed that orders for durable goods rose by 9.9% in September, after falling 13.1% in August. At the same time, economists had forecast an increase of 7.5%.

Also, the rating agency Fitch said that its negative outlook on the U.S. credit rating at AAA is still unlikely to change until the end of 2013, as assess any reduction in the deficit will be possible only after the elections to be held this year.

Sterling has grown significantly, as data showed that the UK's gross domestic product rose by 1% in three months (to June), while showing the fastest rate of expansion in the last five years, and exceeded even the most optimistic estimates from analysts.

21:45 New Zealand Trade Balance September -0.789 -0.853 -0.791

23:30 Japan National Consumer Price Index, y/y September -0.4% -0.4% -0.3%

23:30 Japan National CPI Ex-Fresh Food, y/y September -0.3% -0.2% -0.1%

23:30 Japan Tokyo Consumer Price Index, y/y October -0.7% -0.8% -0.8%

23:30 Japan Tokyo CPI ex Fresh Food, y/y October -1.1% -1.1% -1.0%

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

EUR/USD $1,2941 -0,22%

GBP/USD $1,6118 +0,51%

USD/CHF Chf0,9347 +0,24%

USD/JPY Y80,35 +0,70%

EUR/JPY Y103,98 +0,47%

GBP/JPY Y129,49 +1,19%

AUD/USD $1,0355 +0,08%

NZD/USD $0,8189 -0,04%

USD/CAD C$0,9942 +0,06%

06:00 Germany Gfk Consumer Confidence Survey November 5.9 5.9

06:45 France Consumer confidence October 85 84

07:00 Switzerland KOF Institute Economic Forecast October 1.67 1.72

12:30 U.S. GDP, q/q (preliminary) Quarter III +1.3% +1.8%

12:30 U.S. PCE price index, q/q Quarter III +1.5% +2.0%

12:30 U.S. PCE price index ex food, energy, q/q Quarter III +1.7% +1.3%