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Analytics, News, and Forecasts for CFD Markets: currency news — 29-06-2012.
The euro rose against the dollar after European leaders have lowered credit conditions for Spanish banks, taking a step to resolving the debt crisis in the region and increased demand for Eurocurrency.
President of the European Union, Herman Van Rompuy said that officials at a meeting in Brussels agreed to waive the condition that emergency loans for Spanish banks will be provided with privileged conditions.
EU leaders will meet today at the second day of talks to discuss measures to stem the debt crisis, which led to what is already five countries of the euro area called for help. Earlier this month, Spain has agreed to accept a rescue loan of 100 billion euros to help recapitalize the banking sector.
The dollar index, since the decision of EU leaders have reduced investors' appetite for risky assets.
The yen fell against all major currencies, as rising U.S. bond yields helped to attract more money into dollar-denominated securities, which caused the weakening of the yen.
The Canadian dollar rose to a maximum of 30 November, as rising stocks and commodities caused the increased demand for higher-yielding assets.
EUR/USD $1.2400, $1.2500, $1.2550, $1.2600, $1.2725
USD/JPY Y79.00, Y79.50, Y80.00, Y80.35
GBP/USD $1.5440, $1.5800
AUD/USD $1.0000, $1.0020, $1.0025
Data:
05:30 France GDP, Y/Y (finally) Quarter I +0.3% +0.3% +0.3%
06:00 Germany Retail sales, real adjusted May +0.6% +0.1% -0.3%
06:00 Germany Retail sales, real unadjusted, y/y May -3.8% -1.1%
06:45 France Consumer spending May +0.6% 0.0% +0.4%
06:45 France Consumer spending, y/y May +0.4% +0.1% +0.6%
07:00 Switzerland KOF Leading Indicator June 0.81 0.88 1.16
08:00 Eurozone M3 money supply, adjusted y/y May +2.5% +2.4% +2.9%
09:00 Eurozone Harmonized CPI, Y/Y (preliminary) June +2.4% +2.4% +2.4%
The euro rose after European leaders eased terms on loans to Spanish banks, taking a step toward resolving the region’s debt crisis and boosting demand for the shared currency.
The common currency advanced as European Union President Herman Van Rompuy said officials meeting in Brussels agreed to drop the condition that emergency loans to Spanish banks give creditor governments preferred status.
Spain’s 10-year bond yield fell to 6.6%. Italy’s 10-year yield slid 23 basis points to 5.96%.
EUR/USD: during most part of European session, the pair consolidated in $1.2550 - $1.2630. Later the pair rose above.
GBP/USD: the pair retreated to $1.5570 area, but later came back above $1.5600.
USD/JPY: the pair retreated to Y79.50 area.
EUR/USD
Offers $1.2750, $1.2690/00, $1.2650
Bids $1.2550/40, $1.2500, $1.2470/65, $1.2450
GBP/USD
Offers $1.5750, $1.5700, $1.5640/50
Bids $1.5550, $1.5525/20, $1.5500
AUD/USD
Offers $1.0300, $1.0250, $1.0220/30, $1.0200
Bids $1.0145/40, $1.0100, $1.0050, $1.0040
USD/JPY
Offers Y80.50, Y80.30/40, Y80.00, Y79.80
Bids Y79.00, Y78.50
EUR/JPY
Offers Y101.50, Y101.00, Y100.70/80
Bids Y99.65, Y99.50, Y99.25/20, Y99.00
EUR/GBP
Offers stg0.8150, stg0.8120/25, stg0.8100, stg0.8085/90
Bids stg0.8020/10, stg0.8000, stg0.7965/60, stg0.7950
Resistance 3: Y80.90 (50.0% FIBO Y84 ,20-Y77, 60)
Resistance 2: Y80.55 (MA (100) for D1, lows of May and June)
Resistance 1: Y79.90 (Jun 27 high)
Current price: Y79.52
Support 1: Y79.10 (session low)
Support 2: Y78.80 (Jun 20 low)
Support 3: Y78.60 (Jun 15 low)
Resistance 3: Chf0.9680 (area of Jun 4-5 and 28 high)
Resistance 2: Chf0.9610 (MA (100) for H1)
Resistance 1: Chf0.9680 (area of intraday high)
Current price: Chf0.9548
Support 1: Chf0.9510/00 (session low, Jun 20 июня)
Support 2: Chf0.9420 (low of June)
Support 3: Chf0.9370 (May 21 low)
Resistance 3: $ 1.5780 (high of June, 50,0% FIBO $ 1,6300 - $ 1,5270)
Resistance 2: $ 1.5730 (Jun 21 high)
Resistance 1: $ 1.5680 (session high)
Current Price: $ 1.5601
Support 1: $ 1.5560 (61,8% FIBO $ 1,5480 - $ 1,4680)
Support 2: $ 1.5480/70 (Jun 14-15 and 28 lows)
Support 3: $ 1.5400 (Jun 8 low)
Resistance 3: $ 1.2820 (May 21 high)
Resistance 2: $ 1.2740 (high of June)
Resistance 1: $ 1.2630 (session high)
Current Price: $ 1.2575
Support 1: $ 1.2455 (MA (200) for H1)
Support 2: $ 1.2490 (MA (100) for H1)
Support 3: $ 1.2410 (area of Jun 5 and 28 lows)
EUR/USD $1.2400, $1.2500, $1.2550, $1.2600, $1.2725
USD/JPY Y79.00, Y79.50, Y80.00, Y80.35
GBP/USD $1.5440, $1.5800
AUD/USD $1.0000, $1.0020, $1.0025
01:30 Australia Private Sector Credit, m/m May +0.4% +0.5% +0.5%
01:30 Australia Private Sector Credit, y/y May +3.8% +3.9% +4.0%
The euro surged the most this year after European leaders eased terms on loans to Spanish banks, taking a step to resolve the region’s debt crisis. EU leaders met in Brussels yesterday and today to discuss measures to stem a debt crisis that’s spurred five euro members to seek international bailouts. Earlier this month, Spain agreed to take a rescue loan of as much as 100 billion euros ($126 billion) to help recapitalize its banking sector.
Spain’s 10-year bond yields climbed to a euro-lifetime high of 7.29 percent on June 18, surpassing the 7 percent level that spurred Greece, Ireland and Portugal to seek bailouts.
The 17-nation euro rallied against the yen as European Union President Herman Van Rompuy said officials meeting in Brussels agreed to drop the condition that emergency loans to Spanish banks give their governments preferred creditor status.
Japan’s currency gained earlier amid speculation that Europe’s debt crisis will damp global growth, supporting demand for refuge assets. In Japan, government reports today showed the nation’s industrial production slid 3.1 percent in May from April, the biggest decline since March 2011, and consumer prices declined 0.1 percent last month.
EUR / USD: during the Asian session the pair rose above the $1.2600.
GBP / USD: during the Asian session the pair rose to weekly highs above $1.5600.
USD / JPY: during the Asian session the pair dropped, updating weekly low.
The UK house price index from the Nationwide is released at 0600GMT. UK data continues at 0830GMT with the final reading of Q1 GDP data. US data continues with the weekly EIA Natural Gas Storage data at 1430GMT, followed at 1500GMT by Kansas City Fed Production for June. US speakers start at 1530GMT with Cleveland Fed President Sandra Pianalto. At 1600GMT, Dallas Fed President Richard Fisher participates in moderated discussions at the 2012 Aspen Ideas Festival in Aspen, Colorado. Back in the UK, at 1700GMT, Bank of England MPC member Weale makes remarks at Queen Mary University.
Yesterday 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.
Resistance 3: Y80.00 (Apr 22 low, psychological level)
Resistance 2: Y79.85 (Jun 27 high)
Resistance 1: Y79.50 (session high)
Current price: Y79.29
Support 1: Y79.10 (session low)
Support 2: Y78.80 (Jun 20 low)
Support 3: Y78.60 (Jun 15 low)
Resistance 3: Chf0.9700 (psychological level)
Resistance 2: Chf0.9680 (Jun 28 high)
Resistance 1: Chf0.9590 (Jun 28 high)
Current price: Chf0.9555
Support 1: Chf0.9500/10 (session low, Jun 20 high)
Support 2: Chf0.9420/25 (area of June 18-20 low)
Support 3: Chf0.9365/75 (area of May 21-22 low)
Resistance 3: $ 1.5775 (Jun 20 high)
Resistance 2: $ 1.5730 (Jun 21 high)
Resistance 1: $ 1.5630/50 (session high, Jun 26 high)
Current Price: $ 1.5607
Support 1: $ 1.5470/85 (area of June 14 and 28 low)
Support 2: $ 1.5450 (Jun 12 low)
Support 3: $ 1.5400 (Jun 8 low)
Resistance 3: $ 1.2810/25 (area of Jun 21-22 low)
Resistance 2: $ 1.2745 (Jun 20 high)
Resistance 1: $ 1.2630 (session high)
Current Price: $ 1.2575
Support 1: $ 1.2525 (Jun 28 low)
Support 2: $ 1.2405 (Jun 5 and 28 low)
Support 3: $ 1.2365 (May 30 low)
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2439 -0,23%
GBP/USD $1,5514 -0,33%
USD/CHF Chf0,9653 +0,24%
USD/JPY Y79,41 -0,35%
EUR/JPY Y98,79 -0,59%
GBP/JPY Y123,20 -0,67%
AUD/USD $1,0039 -0,41%
NZD/USD $0,7877 -0,50%
USD/CAD C$1,0332 +0,75%
01:30 Australia Private Sector Credit, m/m May +0.4% +0.5%
01:30 Australia Private Sector Credit, y/y May +3.8% +3.9%
05:30 France GDP, q/q (finally) Quarter I 0.0% 0.0%
05:30 France GDP, Y/Y (finally) Quarter I +0.3% +0.3%
06:00 Germany Retail sales, real adjusted May +0.6% +0.1%
06:00 Germany Retail sales, real unadjusted, y/y May -3.8%
06:45 France Consumer spending May +0.6% 0.0%
06:45 France Consumer spending, y/y May +0.4% +0.1%
07:00 Switzerland KOF Leading Indicator June 0.81 0.88
08:00 Eurozone M3 money supply, adjusted y/y May +2.5% +2.4%
09:00 Eurozone Harmonized CPI, Y/Y (preliminary) June +2.4% +2.4%
09:00 Eurozone EU Economic Summit -
09:30 United Kingdom BOE Gov King Speaks -
09:30 United Kingdom BOE Financial Stability Report -
12:30 Canada GDP (m/m) April +0.1% +0.2%
12:30 Canada Raw Material Price Index May -2.0% +2.3%
12:30 Canada Industrial Product Prices, m/m May 0.0% +0.4%
12:30 U.S. Personal Income, m/m May +0.2% +0.3%
12:30 U.S. Personal spending May +0.3% +0.1%
12:30 U.S. PCE price index ex food, energy, m/m May +0.1% +0.2%
12:30 U.S. PPI excluding food and energy, Y/Y May +1.9% +1.8%
13:45 U.S. Chicago Purchasing Managers' Index June 52.7 53.1
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (finally) June 79.3 74.3
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