- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: currency news — 29-11-2012.
The dollar declined for a second day against the euro as U.S. lawmakers publicly wrangled over the spending cuts and tax increases of the so-called fiscal cliff.
The greenback was mixed against higher-yielding currencies after a report showed the U.S. economy grew more than previously estimated in the third quarter and House Speaker John Boehner said “no substantive progress” was made in budget talks.
Senate Majority Leader Harry Reid said Democrats were all on the same page on budget talks and Senator Chuck Schumer said there has been progress. House Democratic Leader Nancy Pelosi said Boehner’s comments were a “tactic.”
The euro gained against the majority of its 16 most-traded peers as Italy’s benchmark bonds gained for a third day as borrowing costs declined at a debt auction.
Spain’s 10-year bond yield dropped to the lowest level in eight months while similar-maturity Italian yields declined to the least in two years, signaling the debt crisis that has weighed on the shared currency since 2010 may be easing.
--Inflation to fall below 2% in 2013, expectations anchored
--Germany 2013 economic outlook not rosy, but robust
--EMU irreversible, will do everything within mandate
--Full ECB bank supervision only realistic in 2014
--U.S. Basel III debate worrisome, must implement 2013
--Public sector taking on other risk w/Greek deal
--It is essential that Greece meet reform commitments
--If not new measures would have no effect
--Greece has still a long way to go
--Greece aid deal must not become model for others
--Legacy bank assets shouldn't be mutualized
--Legacy assets must be covered by member states
After breaking 1.3000 and reaching a maximum at 1.3013 pair came under strong technical pressure, which caused prices to revert to the session low of 1.2976 after the data surpassed forecasts U.S. housing market.
In October, pending transactions in the U.S. housing market dynamics recorded at +5.2% m / m and 13.2% against the forecast of 0.8% and 0.4% / 14.5% in September. Market rumors continue to circulate about a possible further easing of monetary policy the Fed - according to John Gilzenrata, after the expiration of the "Operation Twist" Fed QE may include buying Treasuries, thereby running the unlimited program of quantitative easing. That is why at the moment markets sensitive to releases that may affect the course of monetary policy.
EUR/USD $1.2900, $1.2920, $1.2925, $1.3000
USD/JPY Y81.50, Y81.60, Y81.80, Y81.90, Y82.25
EUR/JPY Y106.75
AUD/USD $1.0350, $1.0360, $1.0450, $1.0465, $1.0535Data
00:00 New Zealand NBNZ Business Confidence October 17.2 26.4
00:00 Australia HIA New Home Sales, m/m October -3.7% +3.4%
00:30 Australia Private Capital Expenditure Quarter III +3.4% +2.1% +2.8%
06:45 Switzerland Gross Domestic Product (QoQ) Quarter III -0.1% +0.2% +0.6%
06:45 Switzerland Gross Domestic Product (YoY) Quarter III +0.3% +0.8% +1.4%
07:00 United Kingdom Nationwide house price index November +0.6% +0.2% 0.0%
07:00 United Kingdom Nationwide house price index, y/y November -0.9% -1.2%
08:55 Germany Unemployment Change November 19 17 5
08:55 Germany Unemployment Rate s.a. November 6.9% 6.9% 6.9%
09:30 United Kingdom Net Lending to Individuals, bln October 1.7 0.9
09:30 United Kingdom Mortgage Approvals October 50.0 51.5 53.0
10:00 Eurozone Business climate indicator November -1.62 -1.60 -1.19
10:00 Eurozone Industrial confidence November -18.0 -17.3 -15.1
10:30 United Kingdom BOE Financial Stability Report November
10:30 United Kingdom BOE Gov King Speaks -
11:00 United Kingdom CBI retail sales volume balance November 30 19 33
The dollar fell to its weakest level in a month against the euro, as optimism about the fact that U.S. lawmakers will reach an agreement to avoid the so-called "financial failure" caused damping demand for safer assets.
The U.S. currency fell against all but two of the 16 major currencies in anticipation of a report from the U.S., which is expected to show that gross domestic product growth accelerated in the third quarter to a level 2.8%, compared with the initial estimate at around 2 %.
The euro rose for the first time in four days against the yen as Spanish and Italian yield bonds dropped to the very minimum values for the last eight months, while stoking optimism that the debt crisis in the region is weakening.
The dollar index, which is used to track the value of the dollar against six currencies, the U.S. partners, fell 0.3% to 80.106.
Pound weakened for a second day against the euro after a report showed that house prices in the UK remained unchanged this month, adding to evidence that the recovery is losing momentum in the country. At the same time, annualized decline of 1.2%. Note also that the average price of a house in the UK was 163,853 pounds November.
EUR/USD: during the European session, the pair sharply increased significantly, setting all-time high at $ 1.2998
GBP/USD: during the European session the pair fell to $ 1.6000, but later rose to $ 1.6035
USD/JPY: during the European session is around Y82-Y82.20
At 13:30 GMT, Canada will become aware of the balance of the current account balance of payments for the 3rd quarter and the index of commodity prices for October. At 13:30 GMT the U.S. will publish data on GDP, the GDP price index, an index of personal consumption expenditures, the main index of personal consumption expenditures in Q3, as well as information on the number of initial claims for unemployment insurance and the number of repeated applications for unemployment benefits for November. At 15:00 GMT the United States will report on changes in the volume of outstanding home sales for October. At 21:45 GMT New Zealand has announced the change of volume of building permits issued in October. Finish the day at 23:30 GMT Japan data on the change of the level of household spending in October, the consumer price index in Tokyo, Tokyo CPI excluding prices for fresh food, Tokyo CPI excluding prices for food and energy, the index of consumer prices, the consumer price index excluding prices for fresh food, the consumer price index excluding prices for food and energy in October, as well as preliminary data on industrial production for October.
EUR/USD
Offers $1.3050-70, $1.3020/30, $1.3000
Bids $1.2920/15, $1.2905/00, $1.2880, $1.2860
GBP/USD
Offers $1.6125, $1.6075/85, $1.6060, $1.6033
Bids $1.5980, $1.5960/50, $1.5900
AUD/USD
Offers $1.0550, $1.0525, $1.0490
Bids $1.0440, $1.0425, $1.0400, $1.0355/50
EUR/GBP
Offers stg0.8165, stg0.8115, stg0.8113
Bids stg0.8065/60, stg0.8040/35
EUR/JPY
Offers Y107.10/14, Y107.00, Y106.96 27, Y106.75/80
Bids Y106.20/15, Y106.00, Y105.80, Y105.50, Y105.05/00
USD/JPY
Offers Y82.70, Y82.60/65, Y82.50, Y82.30/40
Bids Y82.00, Y81.80, Y81.60/50, Y81.20
EUR/USD $1.2900, $1.2920, $1.2925, $1.3000
USD/JPY Y81.50, Y81.60, Y81.80, Y81.90, Y82.25
EUR/JPY Y106.75
AUD/USD $1.0350, $1.0360, $1.0450, $1.0465, $1.0535
Yesterday the Dollar Index fell for the first time in three days as comments from U.S. lawmakers fueled optimism the so-called fiscal cliff will be avoided.
Equities reversed declines as Boehner, an Ohio Republican, said he is optimistic lawmakers engaged in budget talks can “avert this crisis sooner rather than later.” He made his remarks to reporters, while saying he continues to oppose the expiration of tax cuts for top earners and Democrats need to get “serious” on budget cuts. Obama said separately at the White House, “My hope is to get this done before Christmas.”
The yen rose to a one-week high against the dollar as technical indicators signaled its recent decline may have been excessive.
The euro pared losses against the greenback as stocks rebounded and amid speculation investors will accept Greece repurchasing its own bonds at below market prices. The euro pared losses as Greece said it would unveil plans next week to tender for bonds issued in its 100 billion-euro ($129 billion) restructuring this year. The prices are “expected to be no higher than those at the close” on Nov. 23, euro-area finance ministers said. Those notes trade at about 29.5 cents on the euro, up from 28.1 percent last week, according to brokerage Exotix Ltd. in London.
00:00 New Zealand NBNZ Business Confidence October 17.2 26.4
00:00 Australia HIA New Home Sales, m/m October -3.7% +3.4%
00:30 Australia Private Capital Expenditure Quarter III +3.4% +2.1% +2.8%
The dollar was 0.4 percent from the lowest this month versus the euro before Treasury Secretary Timothy F. Geithner meets congressional leaders to discuss the so-called fiscal cliff. Geithner will meet separately with each of the four top leaders in Congress today. House Speaker John Boehner said yesterday he is “optimistic” lawmakers engaged in budget talks can avert the crisis.
The Dollar Index declined for a second day after comments from U.S. lawmakers fueled optimism the $607 billion combination of tax increases and spending cuts due to take effect in January will be avoided.
The yen fell versus most major peers as Asian stocks gained before data forecast to show the U.S. gross domestic product expanded faster than previously estimated. The U.S. economy probably grew at an annualized 2.8 percent in the third quarter, according to the median estimate of economists surveyed by Bloomberg News before the figures due today. The initial reading from the Commerce Department last month showed a 2 percent increase.
The European Commission is likely to confirm today that a gauge of the euro area’s consumer confidence slid to the lowest in more than three years as the region’s prolonged debt crisis weighed on growth. The index fell to minus 26.9 this month from minus 25.7 in October, economists forecast, matching the figure released a week ago that was the lowest since May 2009.
Moody’s Investors Service said in a report today that Greece’s debt burden remains unsustainable even after European finance ministers decided to ease bailout terms and release funds to the nation.
EUR/USD: during the Asian session, the pair traded in the range of $1.2940-60.
GBP/USD: during the Asian session, the pair traded in the range of $1.6005-20.
USD/JPY: during the Asian session, the pair traded in the range of Y82.00-20.(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2952 +0,08%
GBP/USD $1,6013 -0,04%
USD/CHF Chf0,9292 -0,12%
USD/JPY Y82,07 -0,11%
EUR/JPY Y106,30 -0,01%
GBP/JPY Y131,41 -0,13%
AUD/USD $1,0475 +0,29%
NZD/USD $0,8236 +0,38%
USD/CAD C$0,9919 -0,25%
00:00 New Zealand NBNZ Business Confidence October 17.2 26.4
00:00 Australia HIA New Home Sales, m/m October -3.7% +3.4%
00:30 Australia Private Capital Expenditure Quarter III +3.4% +2.1% +2.8%
06:45 Switzerland Gross Domestic Product (QoQ) Quarter III -0.1% +0.2%
06:45 Switzerland Gross Domestic Product (YoY) Quarter III +0.5% +0.8%
07:00 United Kingdom Nationwide house price index November +0.6% +0.2%
07:00 United Kingdom Nationwide house price index, y/y November -0.9%
08:55 Germany Unemployment Change November 20 17
08:55 Germany Unemployment Rate s.a. November 6.9% 6.9%
09:30 United Kingdom Net Lending to Individuals, bln October 1.7 0.9
09:30 United Kingdom Mortgage Approvals October 50.0 51.5
10:00 Eurozone Business climate indicator November -1.62 -1.60
10:00 Eurozone Industrial confidence November -18.0 -17.3
10:30 United Kingdom BOE Financial Stability Report November
10:30 United Kingdom BOE Gov King Speaks -
11:00 United Kingdom CBI retail sales volume balance November 30 19
13:30 Canada Current Account, bln Quarter III -16.0 -18.0
13:30 Canada Raw Material Price Index October +1.3% -0.4%
13:30 Canada Industrial Product Prices, m/m October +0.5% 0.0%
13:30 U.S. GDP, q/q (revised) Quarter III +2.0% +2.8%
13:30 U.S. PCE price index, q/q Quarter III +2.0% +2.0%
13:30 U.S. PCE price index ex food, energy, q/q Quarter III +1.3% +1.3%
13:30 U.S. Initial Jobless Claims November 410 404
15:00 U.S. Pending Home Sales (MoM) October +0.3% +0.9%
21:45 New Zealand Building Permits, m/m October +7.8% 0.0%
23:15 Japan Manufacturing PMI November 46.9
23:30 Japan Household spending Y/Y October -0.9% -0.8%
23:30 Japan National Consumer Price Index, y/y October -0.3% -0.4%
23:30 Japan National CPI Ex-Fresh Food, y/y October -0.1% -0.1%
23:30 Japan Tokyo Consumer Price Index, y/y November -0.8% -0.6%
23:30 Japan Tokyo CPI ex Fresh Food, y/y November -0.4% -0.4%
23:30 Japan Unemployment Rate October 4.2% 4.2%
23:50 Japan Industrial Production (MoM) (preliminary) October -4.1% -1.8%
23:50 Japan Industrial Production (YoY) (preliminary) October -8.1% -8.0%
© 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
