- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: currency news — 27-12-2012.
The dollar erased losses against the euro after Senate Majority Leader Harry Reid said the U.S. may fall off the so-called fiscal cliff of tax increases and spending cuts that may tip the nation into recession. Reid said a resolution to the U.S. budget dispute before Jan. 1 appears unlikely because Republicans won’t cooperate.
President Barack Obama and U.S. Congress return to Washington to resume negotiations over the fiscal cliff of more than $600 billion in automatic tax increases and spending cuts set to take effect next month. Treasury Secretary Timothy F. Geithner said there’s “significant uncertainty” around tax and spending policies, according to a letter sent to congressional leaders yesterday.
The 17-nation euro climbed to an almost eight-month high earlier today after French consumer confidence unexpectedly improved and Italian business sentiment increased.
An index of French household sentiment rose to 86 in December from 84 in November, the first monthly increase since May, the national statistics office Insee said. Economists forecast an unchanged reading of 84. A gauge of Italian business climbed to 88.9 from 88.5, according to Rome-based national statistics institute Istat.
The yen reached a 28-month low against the dollar as John Taylor, founder and chairman of New York-based currency hedge fund FX Concepts LLC, said Japan’s currency may weaken to 90 per dollar for the first time since June 2010. The yen slumped after Prime Minister Shinzo Abe was approved as prime minister yesterday by parliament. His Liberal Democratic party won a landslide victory in lower house elections on Dec. 16, pledging to weaken the currency.
The Central Bank of Greece estimates the capital requirement of 40.5 billion euros
The EUR / USD updated intraday low 1.3209 after the release of U.S. data. Consumer confidence in the U.S. fell to 65.1/70.3, and new home sales - up to 0.377 million /0.378 mln.
At the moment the pair retreated from the low and trading in the 1.3220
Data
05:00Japan Annualized Housing Starts, blnNovember 0.9780.9110.907
07:00Switzerland UBS Consumption IndicatorNovember 1.3 1.23
09:30United Kingdom BBA Mortgage ApprovalsNovember 33.1 34.633.6
In today's trading the euro rose against the dollar significantly, approaching with up to an eight-month high, which was caused by the publication of data on consumer confidence in France. National Statistics Office Insee said that confidence unexpectedly improved this month, reaching a level 86, up from 84 in November, showing with the first monthly increase since May, and increased the demand for assets in the region. Many economists expect that the value of the indicator is unchanged. Strengthening of the single currency was also supported by the release of a report on business confidence in Italy, which has also increased during December to reach 88.9 to 88.5.
The yen weakened against all 16 major currencies in anticipation of tomorrow's report, which is forecast to show that Japanese consumer prices fell. Against this background, increased speculation that Prime Minister Abe will require the central bank to increase the incentive program.
The dollar index, which is used to track the value of the dollar against the currencies of six U.S. partner, fell 0.3% to 79.41.
Value of the pound was higher against the U.S. dollar, registering with the third day rise in a row, after a report showed that the number of approved applications for mortgages to purchase homes in the UK rose last month to the level of 33,634 to 33,128 in oktyabrk, showing the highest value January. Also today, sterling rose to its highest level against the yen since April last year, which was caused by rumors that the Bank of Japan will step up stimulus measures to support growth.
EUR / USD: during the European session, the pair fell to $ 1.3280
GBP / USD: during the European session, the pair rose to $ 1.6202, but then fell to $ 1.6155
USD / JPY: during the European session the pair fell to Y85.58, then recovered to Y85.81
At 13:30 GMT the United States will present data on initial applications for unemployment benefits. At 15:00 GMT the U.S. will know about the number of sales in the primary market in November, and the index of consumer confidence for December. At 23:30 GMT, Japan will report on the unemployment rate, the consumer price index for the whole country and the core consumer price index for the whole country in November. Also during this time will be submitted to the consumer price index in the Tokyo core CPI for Tokyo in December, as well as data on retail sales and industrial production for November.
EUR/USD
Orders $1.3295/310, $1.3280
Bids $1.3225/15, $1.3185/80, $1.3170
GBP/USD
Orders $1.6330-50, $1.6310, $1.6285/300, $1.6260, $1.6225/35, $1.6200/10
Bids $1.6125/20, $1.6100, $1.6085/75, $1.6050, $1.6010/00
AUD/USD
Ordersу $1.0530/35, $1.0510, $1.0500, $1.0480, $1.0450/55, $1.0420/25, $1.0400
Bids $1.0335/30, $1.0310/00, $1.0240/30
EUR/JPY
Orders Y115.00, Y114.50, Y114.20, Y114.00
Bids Y113.50/40, Y113.10/00, Y112.70/50, Y112.00, Y111.60/50
USD/JPY
Orders Y86.50, Y86.20/25, Y85.85/6.00
Bids Y85.30, Y85.10/00, Y84.85/80
EUR/GBP
Orders stg0.8280, stg0.8245/50, stg0.8220
Bids stg0.8170/65, stg0.8150, stg0.8125/20, stg0.8115/10, stg0.8095/90
Yesterday the yen fell against the dollar to the lowest level since September 2010 as Japan’s Prime Minister Shinzo Abe said he would push for “bold monetary easing.”
Abe said in a speech in Tokyo he would carry out a flexible fiscal policy. Taro Aso was named finance chief today. During his 12 months as prime minister through September 2009, the one-time Olympian compiled three extra budgets worth about 20 trillion yen, abandoned a target to balance the budget by March 2012 and distributed a 12,000 yen-per-person cash handout.
The Japanese currency slid versus all its major peers as minutes of the Bank of Japan’s November meeting showed that a board member suggested conducting open-ended asset purchases.
An unnamed BOJ board member said that an option would be to “clearly present” in a policy statement that the central bank would continue monetary easing, including asset purchases, “without setting any time frame” until 1 percent inflation is achieved, the minutes showed. The BOJ’s 76 trillion-yen ($890 billion) program that buys securities ranging from government bonds to stock funds will expire at the end of next year.
The Dollar Index fell as investors waited for U.S. Congress and President Barack Obama to resume talks on averting the so-called fiscal cliff.
Obama plans to leave his Hawaii vacation today and return to Washington, a White House aide said on condition of anonymity. Congress will resume negotiations tomorrow about more than $600 billion in tax increases and spending cuts due to take effect next month.
Markets in Canada, Australia and the U.K. were shut for a holiday.
05:00 Japan Annualized Housing Starts, blnNovember 0.9780.9110.907
The yen slid to a 16-month low against the euro before data tomorrow that may show a decline in Japan’s consumer prices, fanning speculation Prime Minister Shinzo Abe will push the central bank to boost cash infusions. Government data may show tomorrow that Japan’s consumer prices excluding fresh food fell 0.1 percent in November from a year earlier, according to the median estimate of economists surveyed by Bloomberg News. That compares with the Bank of Japan’s target of 1 percent inflation.
The currency touched the lowest since September 2010 versus the dollar after Abe said in a media briefing yesterday that “bold’ monetary policy is one of the three pillars of his economic measures.
President Barack Obama and U.S. Congress return to Washington today to continue negotiations over the so-called fiscal cliff, or more than $600 billion in automatic tax increases and spending cuts that take effect next month. Treasury Secretary Timothy F. Geithner said there’s ‘‘significant uncertainty” around tax and spending policies, according to a letter he sent to congressional leaders yesterday.
The Philippine peso slid to a five-week low after the government intensified efforts to contain a surging currency.
EUR/USD: during the Asian session, the pair rose to $ 1.3245.
GBP/USD: during the Asian session, the pair traded in the range of $ 1.6120-45.
USD/JPY: during the Asian session, the pair rose to Y85.85.
UK data at 0930GMT sees BBA Lending Data, including Mortgage Approvals. US data starts at 1330GMT when the level of initial jobless claims is expected to rise 4,000 to 365,000 in the December 22 pre-Christmas week. Also at 1500GMT, the Conference Board's index of
consumer confidence is expected to fall to 70.2 in December after rising in November.(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD$1,3222 +0,08%
GBP/USD $1,6136 -0,30%
USD/CHF Chf0,9131 -0,07%
USD/JPY Y85,61 +1,39%
EUR/JPY Y113,19 +1,47%
GBP/JPY Y138,13 +1,09%
AUD/USD $1,0374 -0,25%
NZD/USD $0,8194 -0,40%
USD/CAD C$0,9941 +0,12%
05:00 Japan Annualized Housing Starts, blnNovember 0.9780.911
07:00 United Kingdom Nationwide house price indexDecember 0.0%+0.1%
07:00 United Kingdom Nationwide house price index, y/yDecember -1.2%
07:00 Switzerland UBS Consumption IndicatorNovember 1.31
09:30 United Kingdom BBA Mortgage ApprovalsNovember 33.034.6
13:30 U.S. Initial Jobless Claims- 361365
15:00 U.S. Consumer confidenceDecember 73.770.3
15:00 U.S. New Home SalesNovember 368382
23:15 Japan Manufacturing PMIDecember 46.5
23:30 Japan Household spending Y/YNovember -0.1%+0.8%
23:30 Japan National Consumer Price Index, y/yNovember -0.4%+0.2%
23:30 Japan National CPI Ex-Fresh Food, y/yNovember 0.0%-0.1%
23:30 Japan Tokyo Consumer Price Index, y/yDecember -0.5%-0.6%
23:30 Japan Tokyo CPI ex Fresh Food, y/yDecember -0.5%-0.5%
23:30 Japan Unemployment RateNovember 4.2%4.2%
23:50 Japan Industrial Production (MoM) (preliminary)November +1.6%-0.5%
23:50 Japan Industrial Production (YoY)(preliminary)November -4.5%-4.6%
23:50 Japan Retail sales, y/yNovember -1.2%+1.2%
© 2000-2026. 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
