- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: currency news — 28-03-2012.
The dollar gained against the majority of its 16 most-traded peers amid concern the rate of global growth is slowing spurred demand for the haven of the U.S. currency. The greenback strengthened after a report showed U.S. factory orders trailed forecasts and the United Kingdom revised first-quarter growth downward. Bookings for U.S. durable goods, meant to last at least three years, advanced 2.2 percent, less than projected, after a revised 3.6 percent decline the prior month, data from the Commerce Department showed today in Washington. Economists forecast a 3 percent gain, according to the median forecast.
The 17-nation euro pared losses after a draft statement from European finance ministers showed governments are preparing to increase rescue funds. The euro was bolstered by a draft statement showing that European governments are preparing for a one-year increase in the ceiling on rescue aid to 940 billion euros ($1.3 trillion) to keep the debt crisis at bay. German Chancellor Angela Merkel said two days ago her country may back plans for the European Financial Stability Facility and the European Stability Mechnismto run in parallel. Italian, Portuguese and Spanish 10- year government bonds rose.
The yen strengthened amid speculation Japanese companies will repatriate overseas earnings before the end of the fiscal year on March 31.
Britain’s pound fell after a report showed the economy shrank more than first estimated in the fourth quarter, strengthening the case for the central bank to maintain asset purchases. U.K. gross domestic product dropped 0.3 percent from the previous three months, compared with an earlier estimate of 0.2 percent, data showed today. Bank of England Governor Mervyn King said yesterday he has an open mind on whether more monetary stimulus, or quantitative easing, is needed.
Resistance 3:1440 (high of 2008)
Resistance 2:1420 (area of Mar 27 high)
Resistance 1:1412 (area of session high)
Current price: 1405,75
Support 1:1403 (session low)
Support 2:1393 (Mar 26 low)
Support 3:1380 (Mar 23 low)
EUR/USD $1.3320, $1.3350, $1.3400
USD/JPY Y82.50, Y82.65, Y82.75, Y83.25, Y83.30, Y84.00
GBP/USD $1.5950, $1.5975, $1.5990
EUR/GBP stg0.8330, stg0.8320
USD/CHF Chf0.9100
AUD/USD $1.0460, $1.0500, $1.0550
Data:
05:30 France GDP, q/q IV quarter +0.2% +0.2% +0.2%
05:30 France GDP, Y/Y IV quarter +2.5% +2.5% +2.5%
08:00 Eurozone M3 money supply, adjusted y/y February +2.5% +2.5% +2.8%
08:30 United Kingdom Current account, bln IV quarter -15.2 -8.5 -8.45
08:30 United Kingdom GDP, q/q (finally) IV quarter +0.6% -0.2% -0.3%
08:30 United Kingdom GDP, y/y (finally) IV quarter +0.5% +0.7% +0.5%
08:30 United Kingdom Business Investment, q/q IV quarter -5.6% -5.4% -3.3%
08:30 United Kingdom Business Investment, y/y IV quarter -2.0% -1.9% +1.6%
12:00 Germany CPI, m/m (preliminary) March +0.7% +0.3% +0.3%
12:00 Germany CPI, y/y (preliminary) March +2.3% +2.1% +2.1%
The pound fell after a government report showed the economy shrank more than first estimated, strengthening the case for the central bank to maintain asset purchases.
Sterling dropped as the data also showed household disposable income declined. Bank of England Governor Mervyn King said yesterday he has an open mind on whether more monetary stimulus, or quantitative easing, is needed. Gilts were little changed.
EUR/USD: the pair was limited $1,3310-$ 1,3375.
GBP/USD: the pair fell in $1,5900 area.
USD/JPY: the pair showed low in Y82.60 area then restored in Y83.00 area.
EUR/USD
Offers $1.3470, $1.3450, $1.3415/25, $1.3400
Bids $1.3335/30, $1.3300, $1.3290/70, $1.3265/60
GBP/USD
Offers $1.6095/100, $1.6070/80, $1.6035/50, $1.6015/20
Bids $1.5900
AUD/USD
Offers $1.0590/00, $1.0555/60, $1.0535/40, $1.0490/00
Bids $1.0390, $1.0355/50, $1.0340/35, $1.0310/00
EUR/JPY
Offers Y112.00, Y111.50, Y111.40/45, Y111.25/30, Y111.00
Bids Y110.00, Y109.85/80, Y109.55/50, Y109.20/15, Y109.10/00
USD/JPY
Offers Y84.15/20, Y84.00, Y83.75/80, Y83.35/40, Y83.20/25
Bids Y82.50, Y82.25/20, Y82.00, Y81.80
EUR/GBP
Offers stg0.8465/70, stg0.8440/45, stg0.8420/30, stg0.8395/400
Bids stg0.8350, stg0.8335/30, stg0.8325/20, stg0.8280/75, stg0.8265/55
Resistance 3: Y84.20 (area of highs of March)
Resistance 2: Y83.40 (Mar 27 high)
Resistance 1: Y83.15 (МА(200) for Н1)
Current price: Y82.98
Support 1: Y82.60 (session low, Mar 27 low)
Support 2: Y81.90 (Mar 13 and 23 lows)
Support 3: Y81.50 (Mar 9 low)
Resistance 3: Chf0.9140 (Mar 23-26 highs)
Resistance 2: Chf0.9110 (МА (200) for Н1)
Resistance 1: Chf0.9060 (Mar 27-28 highs, Mar 23 low)
Current price: Chf0.9032
Support 1: Chf0.9010 (session low, Mar 27 low)
Support 2: Chf0.8930 (low of February)
Support 3: Chf0.8830 (МА (200) for D1)
Resistance 3 : $1.6090 (Nov 11-14 highs)
Resistance 2 : $1.6000 (Mar 27 high)
Resistance 1 : $1.5960 (session high)
Current price: $1.5918
Support 1 : $1.5910 (area of session low and Mar 19, 21 and 23 highs)
Support 2 : $1.5870 (МА (200) for Н1)
Support 3 : $1.5840 (Mar 23-26 lows)
Resistance 3 : $1.3550 (high of December)
Resistance 2 : $1.3490 (high of February)
Resistance 1 : $1.3390 (Mar 27 high)
Current price: $1.3339
Support 1 : $1.3310 (session low, Mar 27 low)
Support 2 : $1.3280 (area of Mar 8, 21 and 23 highs)
Support 3 : $1.3240 (МА (200) for Н1)
EUR/USD $1.3320, $1.3350, $1.3400
USD/JPY Y82.50, Y82.65, Y82.75, Y83.25, Y83.30, Y84.00
GBP/USD $1.5950, $1.5975, $1.5990
EUR/GBP stg0.8330, stg0.8320
USD/CHF Chf0.9100
AUD/USD $1.0460, $1.0500, $1.0550
00:30 Australia RBA Financial Stability Review March
The euro held near a one-month high against the dollar before a European finance ministers’ meeting this week where they are expected to agree to bolster the region’s debt-crisis firewall. Demand for the 17-nation euro was supported before euro- area finance ministers meet on March 30 in Copenhagen on speculation they will discuss the prospect of combining the temporary European Financial Stability Facility and its permanent successor from July, the European Stability Mechanism.
The greenback strengthened against the Australian and New Zealand dollars before a report forecast to show U.S. orders for durable goods rose last month, reducing the case for further easing by the Federal Reserve. Losses in the dollar were limited before a report that economists in a Bloomberg survey estimated will show orders for long-lasting factory goods in the U.S. rose 3 percent last month after decreasing 3.7 percent in January. The Commerce Department will release the figures today.
The Australian and New Zealand dollars slid against most major peers as Asian stocks extended a global retreat, sapping demand for higher-yielding assets.
Both currencies are headed for their first monthly drop this year amid concern Chinese manufacturing will slow, curbing demand for resource exports. Australia’s dollar touched the weakest level in five months against New Zealand’s so-called kiwi before a report forecast to show annual growth in bank lending in the larger nation was the slowest since August.
EUR/USD: during the Asian session the pair traded in a range $1.3310-$ 1.3335.
GBP/USD: during the Asian session the pair traded in a range $1.5945-$ 1.5965.
USD/JPY: during the Asian session the pair fell below Y83.00.
European data starts at 0530GMT with the details of Q4 GDP from France. This is followed by the 0800GMT release of EMU M3 money supply data. UK data for 0830GMT sees Q4 GDP, Balance of Payments and also the Bank of England's Financial Policy Minutes. UK data also sees the 1000GMT release of the latest Land Registry House Price Index. US data starts at 1100GMT with the MBA weekly mortgage applications, which are followed at 1230GMT by durable goods orders, which are expected to rebound 2.9% in February after falling a revised 3.7% in January. The weekly EIA oil stocks data is due at 1430GMT. Overnight,into 0100GMT Thursday, St. Louis Federal Reserve Bank President James Bullard speaks to a monetary policy conference at Tsinghua University in Beijing.
Yesterday the dollar rose against the euro and the yen as U.S. economic data indicated a strengthening recovery, undermining the case for more stimulus from the Federal Reserve.
The U.S. currency gained from the lowest level this month against its 17-nation European counterpart as reports showed home-prices declines slowed and consumer confidence this month stayed close to the highest level in a year. The Dollar Index dropped 0.9 percent during the past two days amid speculation the Fed will start a third round of quantitative easing, or QE3. The S&P/Case-Shiller index of property values in 20 U.S. cities fell 3.8 percent from a year earlier, matching the median forecast of 32 economists, after decreasing 4.1 percent in December, a report from the group showed in New York. The Conference Board’s confidence index dropped to 70.2 from a revised 71.6 reading in February that was higher than initially reported, figures from the New York-based private research group showed. The median forecast of economists called for a decrease to 70.
The yen has depreciated 10.8 percent this year, the worst performance among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar has fallen 2.7 percent, and the euro has gained 0.4 percent.
EUR/USD: yesterday the pair decreased after growth on Monday.
GBP/USD: yesterday the pair traded in a range $1.5940-$1.6000.
USD/JPY: yesterday the pair continued restoration, closed day above Y83.00.
European data starts at 0530GMT with the details of Q4 GDP from France. This is followed by the 0800GMT release of EMU M3 money supply data. UK data for 0830GMT sees Q4 GDP, Balance of Payments and also the Bank of England's Financial Policy Minutes. UK data also sees the 1000GMT release of the latest Land Registry House Price Index. US data starts at 1100GMT with the MBA weekly mortgage applications, which are followed at 1230GMT by durable goods orders, which are expected to rebound 2.9% in February after falling a revised 3.7% in January. The weekly EIA oil stocks data is due at 1430GMT. Overnight,into 0100GMT Thursday, St. Louis Federal Reserve Bank President James Bullard speaks to a monetary policy conference at Tsinghua University in Beijing.
Asian stocks rose, snapping a two- day loss, after Federal Reserve Chairman Ben S. Bernanke said accommodative monetary policy is still needed and a report showed German business confidence unexpectedly gained, improving the earnings outlook for Asian exporters.
Nikkei 225 10,255.15 +236.91 +2.36%
Hang Seng 21,010.96 +342.10 +1.66%
S&P/ASX 200 4,301.33 +38.53 +0.90%
Shanghai Composite 2,347.18 -3.42 -0.15%
Honda Motor Co., a Japanese carmaker that gets 83 percent of its sales abroad, added 2.5 percent.
Sumitomo Mitsui Financial Group Inc., Japan’s second-biggest lender by market value, added 2 percent after German Chancellor Angela Merkel signaled she stands ready to do more to tame Europe’s debt crisis.
Korea Gas Corp., the world’s biggest liquefied natural gas importer, jumped 8.9 percent in Seoul after its Italian partner found reserves in Mozambique.
European stocks declined for the first time in three days, erasing an earlier advance, as confidence among U.S. consumers dropped and shares of energy companies retreated.
In the U.S., the Conference Board’s consumer confidence index dropped to 70.2 in March from a revised reading of 71.6 in February that was higher than initially reported. The median forecast of economists had called for a decrease to 70.
European Central Bank President Mario Draghi said after stock markets closed yesterday that euro-area governments should continue to take “decisive measures.” The ECB has injected more than 1 trillion euros ($1.3 trillion) into the banking system since December.
National benchmark indexes fell in 13 of the 18 western European markets. The U.K.’s FTSE 100 Index slipped 0.6 percent, while France’s CAC 40 Index declined 0.9 percent. Germany’s DAX Index was unchanged.
Total fell 6 percent to 38.56 euros, its biggest decline since December 2008, as the oil company assessed how to stop a leak from its Elgin platform in the U.K. North Sea. The rig supplied more than 1 percent of the U.K.’s gas last year, according to the Department of Energy and Climate Change.
Hochtief AG, Germany’s largest construction company, slid 5.3 percent to 50.27 euros as trading in its Australian subsidiary Leighton was halted before a quarterly review.
Deutsche Lufthansa AG added 2.2 percent to 10.70 euros. JPMorgan Chase & Co. raised its recommendation on the company to overweight from neutral, meaning that investors should own a larger proportion of the shares than are represented in benchmark indexes.
Kazakhmys Plc, Kazakhstan’s biggest copper producer, rose 2.1 percent to 944.5 pence after saying that earnings before interest, taxes, depreciation and amortization, excluding special items, rose 3.2 percent to $2.93 billion in 2011. The company also posted a decline in profit for the year.
U.S. stocks retreated as a report showing American consumer confidence near the strongest level in a year failed to encourage investors after the Standard & Poor’s 500 Index advanced to an almost four-year high.
The Conference Board’s confidence index dropped to 70.2 from a revised 71.6 reading in February that was higher than initially reported. The median forecast of economists called for a decrease to 70. The S&P/Case- Shiller index of property values in 20 cities fell 3.8 percent from a year earlier, after decreasing 4.1 percent in December.
Dow 13,243.33 +1.70 +0.01%, Nasdaq 3,130.49 +7.92 +0.25%, S&P 500 1,417.04 +0.53 +0.04%
Seven out of 10 groups in the S&P 500 fell. Financial shares had the biggest decline among 10 industries, dropping 1 percent. Bank of America (ВАС) dropped 3.3 percent to $9.60 after being downgraded to neutral at Robert W. Baird. The 12-month share-price estimate is $10.
Apollo Group slumped 8.5 percent, the most in the S&P 500, to $39.54. Co-Chief Executive Officer Gregory Cappelli told investors on a conference call that new enrollments will continue to be “volatile.” Credit Suisse Group AG cut its recommendation for the shares to neutral.
A measure of homebuilders in S&P indexes gained 2.9 percent. Lennar rallied 4.7 percent to $27.63. Net income for the three months ended Feb. 29 fell to $15 million, or 8 cents a share, from $27.4 million, or 14 cents, a year earlier. Lennar was expected to earn about 5 cents a share, the average estimate of 20 analysts.
Pfizer climbed 1.5 percent, the most in the Dow, to $22.50. The shares have increased 8.3 percent since July 6, the day before Pfizer Chief Executive Officer Ian Read said the New York-based company was exploring strategic alternatives for its animal health and nutrition businesses.
Walgreen Co. added 1.3 percent to $34.80. The largest U.S. drugstore chain reported second-quarter profit that topped analysts’ estimates after new grocery and household items boosted sales.
Resistance 3: Y84.80 (Apr 12 high)
Resistance 2: Y84.10/20 (area of Mar 15-21 high)
Resistance 1: Y83.40 (Mar 27 high)
The current price: Y82.93
Support 1: Y82.60 (Mar 27 low)
Support 2: Y82.30 (Mar 22 low)
Support 3: Y81.95 (Mar 23 low)
Resistance 3: Chf0.9180 (Mar 19-22 high)
Resistance 2: Chf0.9135 (Mar 26 high)
Resistance 1: Chf0.9065 (Mar 23 low)
The current price: Chf0.9044
Support 1: Chf0.9015 (Mar 27 low)
Support 2: Chf0.8980 (138.2% FIBO Chf0.9335-Chf0.9075)
Support 3: Chf0.8930/35 (area of Feb 24-29 low)
Resistance 3 : $1.6090 (Nov 14 high)
Resistance 2 : $1.6040 (138.2% FIBO $1.5600-$1.5922)
Resistance 1 : $1.6000 (Mar 27 high)
The current price: $1.5960
Support 1 : $1.5920 (Mar 21 high)
Support 2 : $1.5860 (Mar 16 high)
Support 3 : $1.5800 (Mar 26 low)
Resistance 3 : $1.3485 (high of Feb)
Resistance 2 : $1.3415 (high of the American session on Feb 27)
Resistance 1 : $1.3385 (Mar 27 high)
The current price: $1.3331
Support 1 : $1.3285/95 (area of Mar 21-26 high)
Support 2 : $1.3240 (support line from Mar 22)
Support 3 : $1.3190 (Mar 26 low)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3319 -0,28%
GBP/USD $1,5946 -0,14%
USD/CHF Chf0,9049 +0,24%
USD/JPY Y83,19 +0,38%
EUR/JPY Y110,80 +0,11%
GBP/JPY Y132,65 +0,26%
AUD/USD $1,0453 -0,83%
NZD/USD $0,8202 -0,38%
USD/CAD C$0,9954 +0,45%
00:30 Australia RBA Financial Stability Review March
05:30 France GDP, q/q IV quarter +0.2% +0.2%
05:30 France GDP, Y/Y IV quarter +2.5% +2.5%
08:00 Eurozone M3 money supply, adjusted y/y February +2.5% +2.5%
08:30 United Kingdom Current account, bln IV quarter -15.2 -8.5
08:30 United Kingdom GDP, q/q (finally) IV quarter +0.6% -0.2%
08:30 United Kingdom GDP, y/y (finally) IV quarter +0.5% +0.7%
08:30 United Kingdom Business Investment, q/q IV quarter -5.6% -5.4%
08:30 United Kingdom Business Investment, y/y IV quarter -2.0% -1.9%
12:00 Germany CPI, m/m (preliminary) March +0.7% +0.3%
12:00 Germany CPI, y/y (preliminary) March +2.3% +2.1%
12:30 U.S. Durable Goods Orders February -4.0% +3.0%
12:30 U.S. Durable Goods Orders ex Transportation February -3.2% +1.5%
12:30 U.S. Durable goods orders ex defense February -4.5% +1.3%
14:30 U.S. EIA Crude Oil Stocks change 23/03/2012 -1.2
23:50 Japan Retail sales, y/y February +1.9% +1.4%
© 2000-2025. 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
