Analytics, News, and Forecasts for CFD Markets: currency news — 28-06-2012.

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28.06.2012

18:16

American focus:

The euro fell on speculation European Union leaders meeting for a two-day summit in Brussels will fail to agree on a strategy to solve the region’s debt crisis.

The common currency slid for a fourth day versus the dollar as Italy paid the most to sell 10-year bonds since December and a research institute predicted the German economy will weaken this year.

The dollar gained as U.S. jobless claims decreased by 6,000 to 386,000 in the week ended June 23, in line with the median forecast of economists.

13:48

Option expiries for today's 1400GMT cut:

USD/JPY Y79.10, Y79.15, Y79.30, Y79.50, Y79.90

EUR/USD $1.2450, $1.2475, $1.2490, $1.2500, $1.2550, $1.2600

GBP/USD $1.5500, $1.5560, $1.5585, $1.5600

AUD/USD $1.0000, $1.0100, $1.0175

EUR/GBP stg0.7950

12:40

European session: The euro slid for a fourth day versus the dollar

Data:

06:00 United Kingdom Nationwide house price index June +0.3% +0.5% -0.6%

06:00 United Kingdom Nationwide house price index, y/y June -0.7% -0.6% -1.5%

07:55 Germany Unemployment Rate s.a. June 6.7% 6.7% 6.8%

07:55 Germany Unemployment Change June 0 4 7

08:30 United Kingdom Current account, bln Quarter I -8.5 -8.9 -11.2

08:30 United Kingdom BOE Credit Conditions Survey Quarter II

08:30 United Kingdom GDP, q/q (finally) Quarter I -0.3% -0.3% -0.3%

08:30 United Kingdom GDP, y/y (finally) Quarter I +0.5% -0.1% -0.2%

09:00 Eurozone Business climate indicator June -0.77 -0.87 -0.94

09:00 Eurozone Industrial confidence June -11.3 -12.0 -12.7

12:30 U.S. Initial Jobless Claims - 387 385 386

12:30 U.S. GDP, q/q (finally) Quarter I +3.0% +1.9% +1.9%

12:30 U.S. Core Personal Consumption Expenditure - Prices Index, y/y Quarter I +2.1% +2.1% +2.0%

The euro fell to a three-week low against the yen on speculation European Union leaders meeting for a two-day summit in Brussels will fail to agree a strategy to solve the region’s debt crisis. EU leaders meet today and tomorrow for the 19th summit on the region’s debt crisis. They are due to discuss a plan seen playing out over more than a decade for closer European integration. The blueprint, written by European Council President Herman Van Rompuy, centers on common banking supervision and deposit insurance, along with a “criteria-based and phased” move toward joint debt issuance.

The 17-nation currency slid for a fourth day versus the dollar as Italy paid the most to sell 10-year bonds since December and a research institute predicted the German economy will weaken this year. The number of people out of work in Germany rose a seasonally adjusted 7,000 to 2.88 million, the Nuremberg-based Federal Labor Agency said today. Economists had forecast an increase of 3,000.

The pound fell against the backdrop of heightened fears that the UK recession tightens. So, today's data showed that in the 1st quarter net income of Britons fell again, consumer spending declined and the economy contracted. Revenue fell 0.9% against the same drop in Q4, as reported today the National Statistics Office in London. GDP fell by 0.3%, coinciding with a preliminary estimate and forecasts of economists. The state of the economy, which can not escape from the recession, more and more pushing the Bank of England to resume purchases of bonds in order to revitalize the process of recovery. Fiscal measures the government is also putting pressure on demand. Industrial production fell by 0.5%. Production in the construction sector was revised up to -4.9% from -4.8%, while those in the services sector grew by 0.2% against 0.1% preliminary estimate. Consumer spending fell 0.1%, exports fell by 1.7% while imports decreased by 0.3%. Government spending increased by 1.9%, according to Office of Statistics. A separate report showed that business investment rose by 1.9% q / q, up 14.8% y / y

EUR / USD: the pair fell into the region of $ 1.2405
GBP / USD: the pair of stepped into the region of $ 1.5520
USD / JPY: the pair fell into the region of Y79.20.

At 22:45 GMT New Zealand will provide information on changes in the volume of building permits issued in May. At 23:01 GMT the UK to publish an indicator of the GfK consumer confidence for June. At 23:30 GMT Japan will announce the change of the level of household expenditures in May. At the same time leaves the consumer price index in Tokyo and the consumer price index in Tokyo without taking into account the prices of fresh food products in June. Also at 23:30 GMT will be presented to the consumer price index in Tokyo, excluding prices for food and energy prices in June, consumer price index and consumer price index excluding prices for fresh food in May, as well as the consumer price index excluding prices for food and energy prices for May. Finish the day at 23:50 GMT publish preliminary data on industrial production in Japan in May.