Analytics, News, and Forecasts for CFD Markets: currency news — 30-01-2013.

The dollar fell to its lowest level since November 2011 against the euro, as the European economic confidence increased. At the same time, the market has increased speculation as to whether the Federal Reserve reiterated its commitment to monetary stimulus measures.

Growth for the euro is supported by data that showed that the index of consumer sentiment in the euro zone rose this month to the level of 89.2, compared with the revised figure for December at 87.8, while the experts are expected to rise to 88.2. The single currency has continued to grow, even in spite of the fact that the report showed that Spain's economic downturn deepened in the fourth quarter. It is learned that the gross domestic product fell by 0.7 per cent compared with 0.3% in the previous quarter.

The dollar lost some ground against the yen, which was caused by the published data, which showed that the U.S. economy unexpectedly shrank in the fourth quarter by 0.1%, compared with analysts' expectations of 1.1% growth.

The New Zealand dollar fell against all 16 most-traded currencies on speculation that its current accompanying statement, the Reserve Bank of New Zealand Bank will signal a possible decrease in the value of currency.

Gold prices have increased significantly since the news that the U.S. economy declined in the fourth quarter, led to an increase in purchases of precious metals as a safe-haven. Meanwhile, the rise in prices is also expected today to bolster the accompanying statement of the Federal Reserve, which will help to assess the prospects for future policy.

Note that according to the first preliminary data, the U.S. gross domestic product for the fourth quarter decreased by 0.1% per year, compared with a gain of 3.1% in the third quarter. This fall was a big surprise to many economists, because according to their projected growth would be 1%.

Analysts say that after GDP data, many investors rushed to buy gold and silver. Also, they added that buyers of precious metals is eagerly waiting for a chance to buy back after a rollback yesterday, but today's reaction showed that investors still see gold and silver, primarily as a safe-haven assets.

Meanwhile, today was also a report ADP, which showed that the number of jobs in the private sector grew by 192,000 people, compared with expectations at 173,000.

February futures price of gold on COMEX today rose to 1680.20 dollars per ounce.

Private sector employment in the U.S. increased by more than anticipated in the month of January, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday.

The report showed that private sector employment increased by 192,000 jobs in January compared to economist estimates for an increase of about 172,000 jobs.

However, ADP also said that the job growth in December was downwardly revised to show an increase of 185,000 jobs compared to the addition of 215,000 jobs that was originally reported.

Economic activity in the U.S. unexpectedly contracted in the final three months of 2012, according to a report released by the Commerce Department on Wednesday, with GDP falling for the first time in over three years.

The report showed that GDP edged down by 0.1 percent in the fourth quarter after surging up by 3.1 percent in the third quarter. The modest drop came as a surprise to economists, who had expected GDP to increase by about 1.0 percent.

EUR/USD $1.3400, $1.3425, $1.3430, $1.3450, $1.3500, $1.3525

USD/JPY Y90.00, Y90.50, Y91.00, Y91.25

GBP/USD $1.5725, $1.5775, $1.5800

EUR/GBP stg0.8550

USD/CHF Chf0.9185

EUR/CHF Chf1.2475

AUD/USD $1.0400, $1.0420, $1.0450, $1.0500

07:00 Switzerland UBS Consumption Indicator December 1.23 1.34

08:00 Switzerland KOF Leading Indicator January 1.28 1.21 1.05

09:30 United Kingdom Net Lending to Individuals, bln December -0.1 0.9 1.7

09:30 United Kingdom Mortgage Approvals December 54.0 54.5 55.8

10:00 Eurozone Business climate indicator January -1.11 -1.00 -1.09

10:00 Eurozone Industrial confidence January -14.2 -13.5 -13.9

13:15 U.S. ADP Employment Report January 185 164 192

The euro strengthened above $1.35 for the first time since December 2011 as a report showed economic confidence in the region improved this month more than analysts predicted. The 17-nation currency advanced to its strongest level since May 2010 against the yen. It rose for a second day versus the dollar before a policy meeting at which Federal Reserve officials may restate their commitment to asset purchases, or quantitative easing.

An index of executive and consumer sentiment rose to 89.2 from a revised 87.8 in December, the European Commission in Brussels said today. That’s the highest since June. Economists had forecast an increase to 88.2, according to the median of 30 estimates in survey.

The euro rose even as a report showed Spain’s recession deepened in the fourth quarter more than forecast. The Madrid- based National Statistics Institute said today that gross domestic product fell 0.7 percent in the three months through December from the previous quarter, when it declined 0.3 percent. That is more than the 0.6 percent contraction the Bank of Spain predicted Jan. 23.

The British pound rose, receiving support from the increased risk appetite and exceeded forecast data from the UK in December the number of approved applications for mortgages rose to 55.78 million (54.03 million in November), consumer loans increased to £ 0.649 billion from the previous value of £ 0.081 billion, while net lending to individuals improved to £ 1.7 billion from - £ 0.1 billion in November.

EUR / USD: during the European session, the pair rose to a new high of $ 1.3562

GBP / USD: during the European session the pair rose to a new high of $ 1.5785

USD / JPY: during the European session the pair rose to a new high of Y91.41

At 13:15 GMT the U.S. will change in the number of employees from ADP, at 13:30 GMT - the change in GDP for the quarter, the GDP price index, the index of personal consumption expenditures, the main index of personal consumption expenditures for the 4th quarter, in 15:30 GMT - data on stocks of crude oil from the Department of Energy. At 19:15 GMT FOMC decision will be published on the basic interest rate and the accompanying statement will be made FOMC. At 20:00 GMT will be published decision of the Reserve Bank of New Zealand Interest Rate will be done the accompanying statement of the Reserve Bank of New Zealand. At 23:50 GMT, Japan will release preliminary data on industrial production in December.

EUR/USD

Offers $1.3600/10, $1.3575/80, $1.3550

Bids $1.3500, $1.3480, $1.3465/60, $1.3450/40, $1.3425/20, $1.3405/00, $1.3380

GBP/USD

Offers $1.5870/80, $1.5850/55, $1.5795/800

Bids $1.5720, $1.5710/00, $1.5680/70, $1.5650/40

AUD/USD

Offers $1.0540, $1.0525/30, $1.0500, $1.0480

Bids $1.0430, $1.0410/00, $1.0385/80, $1.0350, $1.0330/25

EUR/JPY

Offers Y125.00, Y124.50, Y124.00, Y123.80

Bids Y123.10/00, Y122.85/80, Y122.60/50, Y122.00, Y121.80

USD/JPY

Offers Y92.10/15, Y92.00, Y91.70

Bids Y90.70/65, Y90.50, Y90.40/30, Y90.10/00

EUR/GBP

Offers stg0.8620, stg0.8600

Bids stg0.8545/40, stg0.8525/20, stg0.8500, stg0.8480, stg0.8465/60

Germany allotted E1.637bln in tap of 30-year benchmark 2.50% Jul 2044 Bund Wednesday at an average yield of 2.45% (2.34%) and bid-to-cover ratio of 1.8 (2.7) and retained 18.2% (14.8%).

Italy sold E6.5bln 5-/10-year BTPs vs Target E4.5-E6.5bln

- E3.0bln of 3.50% Nov 2017 BTP; avg yield 2.94% (3.26%), cover 1.30 (1.29)

- E3.5bln of 5.50% Nov 2022 BTP; avg yeild 4.17% (4.48%), cover 1.32 (1.47)

EUR/USD $1.3400, $1.3425, $1.3430, $1.3450, $1.3500, $1.3525

USD/JPY Y90.00, Y90.50, Y91.00, Y91.25

GBP/USD $1.5725, $1.5775, $1.5800

EUR/GBP stg0.8550

USD/CHF Chf0.9185

EUR/CHF Chf1.2475

The euro rose to the strongest against the dollar since December 2011, breaking with the important technical level, which was associated with an increase in risk appetite among investors. The single currency also strengthened against the background of European stocks that have reached the highest level in the last two years, as there were signs that the financial crisis in the region is weakening.

The dollar fell against most of its 16 major counterparts, as many market participants expect statement from the Federal Reserve, which will help to assess the direction of future policy.

Japan's currency rose against the dollar, as a report showed that confidence among U.S. consumers fell in January, more than expected, while leaving to the lowest level in more than a year. Note also that the strengthening of the yen earlier was due to the fact that many investors have stated that according to their forecasts, the couple will not fall further.

The New Zealand dollar rose for the first time in four days against the U.S. dollar after the Bureau of Statistics said that the annual trade deficit narrowed to NZ $ 1.21 billion ($ 1 billion) for the 12 months ended in December, compared with a revised deficit on at NZ $ 1,39 billion a month earlier. Note that the projected deficit economists had to make NZ $ 1,87 billion

The Canadian dollar strengthened against the U.S. dollar, after falling to a four background that the currency could not fall below a key technical level. Meanwhile, the relative strength index for the currency against the U.S. indicated that the recent drop was too big.

21:45 New Zealand Building Permits, m/m December -5.2% +6.0% +9.4%

23:50 Japan Retail sales, y/y December -0.1% +0.4% +0.1%

The yen declined versus most of its major counterparts as Asian stocks rose for a second day, spurring investors to buy higher-yielding assets amid expectations Japan will expand monetary stimulus. Japan’s currency is poised for a 4.5 percent drop against the dollar in January. That would be a fourth month of declines, the longest losing streak since August 2008.

The dollar approached its weakest in more than a year versus the euro before data forecast to show U.S. growth and job gains slowed. The U.S. Commerce Department will probably say today the nation’s gross domestic product advanced at a 1.1 percent rate in the three months through December, according to the median estimate of economists surveyed by Bloomberg News. That would be the weakest since the first quarter of 2011. Companies added 165,000 jobs in January, down from 215,000 the previous month, the Roseland, New Jersey-based ADP Research Institute is forecast to say today according to a separate Bloomberg poll.

The Federal Open Market Committee will issue its policy statement today.

The so-called kiwi dollar held an advance from yesterday against the yen after a report showed permits for dwellings rose 9.4 percent from November to 1,566, the most since May 2008, Statistics New Zealand said in Wellington. Economists had predicted a 6 percent increase.

EUR/USD: during the Asian session, the pair traded in the range of $1.3480-95.

GBP/USD: during the Asian session, the pair traded in the range of $1.5740-60.

USD/JPY: during the Asian session, the pair rose above Y91.00.

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3491 +0,27%

GBP/USD $1,5762 +0,44%

USD/CHF Chf0,9211 -0,54%

USD/JPY Y90,70 -0,15%

EUR/JPY Y122,39 +0,13%

GBP/JPY Y142,98 +0,30%

AUD/USD $1,0473 +0,54%

NZD/USD $0,8392 +0,66%

USD/CAD C$1,0007 -0,52%

07:00 Switzerland UBS Consumption Indicator December 1.23

08:00 Switzerland KOF Leading Indicator January 1.28 1.21

09:30 United Kingdom Net Lending to Individuals, bln December -0.1 0.9

09:30 United Kingdom Mortgage Approvals December 54.0 54.5

10:00 Eurozone Business climate indicator January -1.12 -1.00

10:00 Eurozone Industrial confidence January -14.4 -13.5

13:15 U.S. ADP Employment Report January 215 164

13:30 U.S. GDP, q/q (preliminary) IV quarter +3.1% +1.3%

13:30 U.S. PCE price index, q/q IV quarter +1.6% +1.8%

13:30 U.S. PCE price index ex food, energy, q/q IV quarter +1.1% +1.0%

15:30 U.S. Crude Oil Inventories - +2.8

18:00 Eurozone ECB's Jens Weidmann Speaks -

19:15 U.S. Fed Interest Rate Decision - 0.25% 0.25%

19:15 U.S. FOMC Statement -

20:00 New Zealand RBNZ Interest Rate Decision - 2.50% 2.50%

20:00 New Zealand RBNZ Rate Statement -

23:15 Japan Manufacturing PMI January 45.0

23:50 Japan Industrial Production (MoM) (preliminary) December -1.4% +4.2%