CFD Markets News and Forecasts — 13-02-2013

The euro fell against most major currencies after a published report showed that the unemployment rate in Portugal rose in the fourth quarter to 16.9%, compared with 15.8% in the third quarter, the highest value since the creation of the euro area . Recall that in the fourth quarter of 2011 the unemployment rate was 14%. The data also showed that the number of unemployed in the country for the year rose by 19.7% per year to 923 200. Meanwhile, the number of employed persons decreased by 4.3% to 4.53 million.

The yen traded little changed against the dollar and the euro after sharp movements in the previous session. It is believed that investors cut bearish positions in the yen after an official statement from the Group of Seven countries in which concern was expressed about the excessive movements in the currency of Japan. G7 official representative said that the statement of the group was to signal the concerns about excessive depreciation of the yen. However, economists point out that, in general, no words G7 will not change the basic predictions for the Japanese currency market, and no one expects that the yen could go back to the previous range against the dollar at the 80th figure. Investors are also likely to show caution before the results of the meeting of the Bank of Japan, which ends on Thursday, although many expect that the bank will refrain from any further until the mitigation measures.

The pound fell after the Bank of England said risks to the recovery of the UK economy have been weighted to the downside. The British pound came under heavy pressure after the Bank of England released a quarterly report on inflation, and after the show the head of the Central Bank Governor Mervyn King. The report of the Bank of England reported that UK GDP will remain below pre-crisis levels until 2015, and the CPI will exceed the target mark in the next three years. Head of CB King believes that restoring the UK economy will go more slowly, and that further monetary stimulus will support only market optimism, but not growth. The pound fell to a six-month low against the dollar after the King spoke of the need for further measures to stimulate foreign demand, while hinting that further currency depreciation would help improve the situation.

European stocks advanced for a second day, erasing an earlier drop, as companies from Heineken NV to PSA Peugeot Citroen reported better-than-estimated results and euro-area industrial output rose more than forecast.

The Stoxx Europe 600 Index rose 0.4 percent to 288.27 at the close of trading, after dropping as much as 0.3 percent.

National benchmark indexes rose in 16 of the 18 western European markets.

FTSE 100 6,359.11 +20.73 +0.33% CAC 40 3,698.53 +11.95 +0.32% DAX 7,711.89 +51.70 +0.67%

Euro-area industrial production increased more than economists forecast in December. Factory production in the 17- nation currency bloc rose 0.7 percent from November, when it declined a revised 0.7 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a gain of 0.2 percent.

Heineken added 5.7 percent to 54.93 euros, its highest price since at least October 1989. Earnings before interest and taxes, excluding some items, rose to 2.9 billion euros ($3.9 billion) from 2.7 billion euros a year earlier, the maker of Amstel lager and Strongbow cider said. That beat the median estimate for profit of 2.85 billion euros.

Peugeot, Europe’s second-biggest carmaker, advanced 7.3 percent to 6.40 euros, its biggest gain since Jan. 4. The company posted a loss before interest, taxes and one-time items of 576 million euros for 2012, down from a profit of 1.09 billion euros a year earlier. The loss was narrower than the 647 million-euro average analyst estimate.

Kabel Deutschland surged 8.8 percent to 69.17 euros, the highest price since its March 2010 initial public offering, as a person familiar with the matter said Vodafone is considering a takeover bid.

Societe Generale declined 1.17 euros to 31.50 euros. France’s second-largest bank posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside 300 million euros for legal expenses. The net loss was 476 million euros, compared with a 100 million-euro profit a year earlier, the Paris-based lender said. That was wider than the average estimate for a loss of 203 million euros.

The cost of oil fell, closing with early growth, after a report from the government showed that oil stocks rose last week. Note that, according to data from the U.S. Energy Information Administration, crude oil inventories last week rose by 0.60 million barrels, while reaching the level of 372.20 million barrels, well above the upper limit of the average range for this time of year.

Note that the week before, crude oil inventories increased by 2.60 million barrels to 371.70 million barrels.

Meanwhile, total gasoline inventories fell last week by 0.80 million barrels after increasing by 1.70 million barrels for the previous week, but are in the upper limit of the average range.

Note that, according to analysts crude oil were to grow by 2.20 million barrels, while gasoline stocks were to rise by 500,000 barrels.

We also recall that yesterday the American Petroleum Institute reported that for the week ending February 8, crude oil inventories fell by 2.30 million barrels, while gasoline stocks fell by 810,000 barrels

Meanwhile, market participants remained cautious ahead of a meeting of the G20, which is likely to be devoted to a discussion of competitive devaluation of currencies.

March futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) fell $ 0.12, and now stands at 97.41 per barrel on the New York Mercantile Exchange.

March futures price for North Sea petroleum mix of mark Brent fell $ 0.14, and is now $ 118.55 a barrel on the London Stock Exchange ICE Futures Europe.

Gold prices fluctuate, and have been able to consolidate below $ 1,650 per ounce, which is associated with low trading volume, as many investors prefer to remain on the sidelines in the run-up G20, to be held at the end of this week and is expected to shed light to the current monetary policy. And to reduce the volume of influence is that many Asian markets closed for the Lunar New Year.

Analysts also note that gold prices have suffered from technical pressures that contributed to the fall to $ 1,638.82, which is the minimum value in the last month. However, analysts expect prices may recover slightly in the next few sessions, as many investors are closing their positions.

February futures price of gold on COMEX today dropped, and now is up to 1645.60 dollars per ounce.

U.S. stock futures rose as President Barack Obama proposed spending on infrastructure and environmental projects in his State of the Union address.

Global Stocks:

While fuel import prices showed a notable rebound in the month of January, the Labor Department released a report Wednesday morning showing that U.S. import prices increased by less than anticipated for the month.

The report showed that import prices rose by 0.6 percent in January following a revised 0.5 percent decrease in December. Economists had expected import prices to increase by 0.8 percent compared to the 0.1 percent drop originally reported for the previous month.

Meanwhile, the Commerce Department said export prices rose by 0.3 percent in January, matching economist estimates. The increase in export prices followed a 0.1 percent dip in December.

EUR/USD $1.3325, $1.3400, $1.3410, $1.3420, $1.3430, $1.3450, $1.3470, $1.3500

USD/JPY Y93.00, Y93.25, Y93.60, Y94.00, Y94.45

EUR/JPY Y124.60

GBP/USD $1.5600, $1.5655

EUR/CHF Chf1.2250

AUD/USD $1.0250, $1.0260, $1.0280, $1.0300, $1.0400

AUD/JPY Y95.50

USD/CAD C$1.0000

Retail sales in the U.S. saw a modest increase in the month of January, according to a report released by the Commerce Department on Wednesday.

The report showed that retail sales crept up by 0.1 percent in January following a 0.5 percent increase in December. The modest increase in sales matched economist estimates.

Excluding a 0.1 percent drop in sales by motor vehicle and parts dealers, retail sales rose by 0.2 percent in January compared to a 0.3 percent increase in December.

08:15 Switzerland Producer & Import Prices, m/m January +0.1% +0.2% +0.1%

08:15 Switzerland Producer & Import Prices, y/y January +1.0% +1.0% +0.8%

10:00 Eurozone Industrial production, (MoM) December -0.7% +0.3% +0.7%

10:00 Eurozone Industrial Production (YoY) December -4.0% -2.3% -2.4%

10:30 United Kingdom BOE Gov King Speaks -

10:30 United Kingdom Bank of England Quarterly Inflation Report Quarter I

The euro rose against the dollar and hit the level of $ 1.3500 against the G20 meeting. Before meeting the G20 German officials hope that other members of the union would support a statement regarding the G20 debate on exchange rate, adding that Germany will continue to decline to structural reforms in the euro area and globally. In addition, they noted the need for more regulation of the international financial market.

Was released today on the European industrial production data showing that in December rose by 0.7% against 0.7% previously forecast and 0.2%. In annual terms, industrial production fell by 2.4% (which coincided with the forecast) versus 4% in November.

The British pound came under heavy pressure today after the Bank of England released a quarterly report on inflation, and after the show the head of the Central Bank Governor Mervyn King. The report of the Bank of England reported that UK GDP will remain below pre-crisis levels until 2015, and the CPI will exceed the target mark in the next three years. Head of CB King believes that restoring the UK economy will go more slowly, and that further monetary stimulus will support only market optimism, but not growth. The pound fell to a six-month low against the dollar after the King spoke of the need for further measures to stimulate foreign demand, while hinting that further currency depreciation would help improve the situation.

EUR / USD: during the European session, the pair rose to a maximum of $ 1.3520

GBP / USD: during the European session the pair fell to the low of $ 1.5533

USD / JPY: during the European session the pair rose to a maximum of Y93.78

At 13:30 GMT the U.S. will change the volume of retail trade, including excluding sales of cars and fuel, import prices for January, at 15:00 GMT - the change in stocks in commercial warehouses for December, at 15:30 GMT - data on stocks of crude oil from the Department of Energy. At 18:00 GMT the U.S. puts 10-year bonds. At 23:50 GMT, Japan will publish preliminary data on changes in GDP, Gross Domestic Product (year), the nominal gross domestic product, GDP deflator index for Q4.

EUR/USD

Offers $1.3580, $1.3550/00, $1.3520/25, $1.3495/500

Bids $1.3430, $1.3400, $1.3350, $1.3330/20, $1.3300

GBP/USD

Offers $1.5740/50, $1.5710, $1.5690/700, $1.5650, $1.5600

Bids $1.5530, $1.5515/00

AUD/USD

Offers $1.0450, $1.0415/20, $1.0400, $1.0280/85

Bids $1.0310/00, $1.0270/65, $1.0250, $1.0240/35, $1.0200

EUR/JPY

Offers Y128.00, Y127.45/50, Y127.00, Y126.50

Bids Y126.00/90, Y125.60/50 , Y125.10/00, Y124.80/70, Y124.60/50

USD/JPY

Offers Y94.50, Y94.25/30, Y93.90/00

Bids Y93.25/20, Y92.85/80, Y92.70, Y92.60/50, Y92.40/35, Y92.20

EUR/GBP

Offers stg0.8770/75, stg0.8720, stg0.8685/90

Bids stg0.8545/40, stg0.8520/15

European stocks declined as disappointing earnings from companies including Societe Generale SA offset higher-than-forecast euro-area industrial output and U.S. President Barack Obama’s pledge to expand trade with the region.

Euro-area industrial production increased more than economists forecast in December. Factory production in the 17- nation currency bloc rose 0.7 percent from November, when it declined a revised 0.7 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a gain of 0.2 percent, according to the median of 41 estimates in a survey. December output fell 2.4 percent from the year-earlier month.

In the U.S., Obama said he would pursue a trade agreement with the EU to expand the world’s largest economic relationship, while at the same time finishing discussions for a Pacific- region accord. Trade and investment between the U.S. and the 27 nations that make up the EU had a value of $4.5 trillion in 2011.

Societe Generale declined 3.7 percent to 31.45 euros. France’s second-largest bank posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside 300 million euros ($404 million) for legal expenses. The net loss was 476 million euros, compared with a 100 million-euro profit a year earlier, the Paris-based lender said. That was wider than the average estimate for a loss of 203 million euros.

Heineken added 4.1 percent to 54.08 euros, its highest price since at least 1989. Earnings before interest and taxes, excluding some items, rose to 2.9 billion euros from 2.7 billion euros a year earlier, the maker of Amstel lager and Strongbow cider said in a statement. That beat the median estimate for profit of 2.85 billion euros.

FTSE 100 6,324.69 -13.69 -0.22%

CAC 40 3,679.27 -7.31 -0.20%

DAX 7,669.76 +9.57 +0.12%

Germany allotted E4.301bln in new 2-year benchmark 0.25% Mar 2015 Schatz Wednesday at an average yield of 0.21% (0.01%) and bid-to-cover ratio of 1.77 (1.5) and retained 14% (17%).

Italy sold E1.431bln CCTeu vs Target E1.0-E1.5bln

EUR/USD $1.3390, $1.3400, $1.3425, $1.3450, $1.3500, $1.3550

USD/JPY Y92.50, Y93.00, Y93.60, Y93.70, Y94.00

GBP/USD $1.5800

EUR/GBP stg0.8550, stg0.8555

EUR/CHF Chf1.2400

AUD/USD $1.0200, $1.0260, $1.0400

AUD/NZD NZ$1.2330

AUD/JPY Y95.00

Asia’s benchmark stocks gauge traded at an 18-month high as earnings from Commonwealth Bank of Australia and Leighton Holdings Ltd. boosted investor optimism. Japanese shares dropped as a stronger yen soured the earnings outlook for exporters.

Nikkei 225 11,251.41 -117.71 -1.04%

Hang Seng Closed

S&P/ASX 200 5,003.66 +44.67 +0.90%

Shanghai Composite Closed

Commonwealth Bank, the nation’s largest lender, climbed 2.4 percent as retail banking and wealth management boosted first- half profit by 1 percent.

Leighton, Australia’s largest construction company, surged 11 percent after returning to full- year profit and reducing debt levels.

Toyota Motor Corp. slid 1.8 percent in Tokyo as the yen gained against all 16 major peers.

Gree Inc., a Japanese social-network game operator, plunged after cutting its profit forecast.

The yen rose against the dollar and the euro, after representatives of the G-7 said that the report on the exchange rate was misunderstood, so you should consider this situation as a sign of concern about the excessive changes in the value of Asian currencies. G-7 also noted that the concerned single solenoid yen. Meanwhile, it was announced that the matter would be discussed at a meeting of G-20, which will be held this weekend. At the same time, the G-7 promised to avoid devaluation of the exchange rate in the pursuit of economic growth.

The pound fell to a six-month low against the dollar at a time when many market participants expect lowering growth forecast by the Bank of England. Sterling also fell against most other major currencies, as the message of slowing growth, which is likely to be announced quarterly report may indicate that interest rates will remain at record low levels.

The Swiss franc was little changed against the euro, even after the Swiss National Bank has said it will continue to hold the franc against the euro at CHF1, 20, and, if necessary, will be ready to take additional measures.

The Canadian dollar was higher against the U.S. dollar, departing from the values ​​for this month, after Chinese Cnooc Ltd was authorized to purchase U.S. assets Nexen Inc, breaking the recent regulatory hurdles, completing the deal on acquisition of Canadian oil producer for $ 15.1 billion Note that the growth rates continued even despite the fact that the head of the Bank of Canada Governor Mark Carney said that the need to raise interest rates now less imminent than previously thought.

Japanese shares led Asian stocks higher after a contender for Bank of Japan governor said extra monetary easing can be justified this year. South Korea’s Kospi Index reversed gains as North Korea conducted a nuclear test.

Nikkei 225 11,369.12 +215.96 +1.94%

Hang Seng Closed

S&P/ASX 200 4,958.99 -0.52 -0.01%

Shanghai Composite Closed

Canon Inc., Japan’s largest camera maker that gets 80 percent of sales abroad, gained 2.2 percent as the yen touched the lowest level since May 2010.

Dentsu Inc. soared 10 percent as nine-month operating profit climbed 24 percent.

Nissan Motor Co. sank 3.8 percent after Japan’s second-biggest carmaker reported third-quarter profit that fell short of analyst estimates, with sales dropping in China.

European stocks advanced, rebounding from their slide yesterday, as cost cuts at Barclays Plc outweighed worse-than-expected earnings at Michelin & Cie.

The Stoxx Europe 600 Index added 0.5 percent to 287.07 at the close of trading in London, after yesterday sliding 0.6 percent.

National benchmark index rose in all 18 western-European markets.

FTSE 100 6,338.38 +61.32 +0.98% CAC 40 3,686.58 +36.00 +0.99% DAX 7,660.19 +26.45 +0.35%

Barclays rallied 8.6 percent to 327.4 pence after saying it will cut 1,800 jobs at its investment bank and 1,900 positions at its European consumer- and business-banking unit. The second- largest U.K. lender by assets said it will reduce annual costs by 1.7 billion pounds ($2.7 billion). Barclays posted a loss of 1.04 billion pounds in 2012, its first full-year loss in 20 years.

Michelin dropped 4.3 percent to 69.55 euros after Europe’s largest tiremaker reported operating profit of 2.42 billion euros ($3.26 billion). The average analyst estimate had called for earnings of 2.52 billion euros. Michelin posted profit of 1.95 billion euros a year earlier.

Finmeccanica tumbled 7.3 percent to 4.41 euros after police arrested Chief Executive Officer Giuseppe Orsi and Bruno Spagnolini, the head of the Italian defense contractor’s U.S. helicopter unit.

L’Oreal SA jumped 3.8 percent to 112.05 euros after reporting that earnings increased 12 percent in 2012. The world’s largest cosmetics maker said it will buy back 500 million euros of shares in the first half of this year.

Telenet Group Holding NV soared 4.8 percent to 37.65 euros. The Belgian cable operator controlled by Liberty Global Inc. will return 950 million euros to investors after the other shareholders blocked a plan by John Malone’s company to win full control of the unit.

France Telecom SA slipped 0.7 percent to 7.83 euros, its lowest price since October 2002, after its Polish unit, Telekomunikacja Polska SA, cut its proposed dividend for the second time in four months. Poland’s largest phone company also reported that profit slumped 86 percent in the fourth quarter.

U.S. stock indexes finished trading multidirectional dynamics with moderate positive bias.

Market participants expect the annual address to Congress, U.S. President Barack Obama. Bloomberg referring to the administration of U.S. President said that, in this speech, among other things, the paper the cost of infrastructure development, clean energy and education. It is expected that Obama will defend the view that the promotion of economic growth is the best strategy to reduce the budget deficit. It was expected that Obama's speech will begin at 02:00 GMT on 13 February.

The focus of market participants is a joint statement of the "big seven", which was released in order to prevent a potentially destabilizing step devaluations. In the published document of the "big seven" their commitment to exchange rate as determined by the market. According to a statement, central bank policy will focus exclusively on domestic tasks.

Among the major stock market indices in the red is only Nasdaq, which has a pressure on weak stock Apple (AAPL, -2,41%). Apple shares down amid performances CEO Tim Cook at the conference Goldman Sachs Technology and Internet, which is not inspired investors.

Most of the components of the index DOW rising in price (23 of 30). More than the others fell in the share price The Coca-Cola Company (KO, -2.93%), which provides the pressure on the quarterly report, which did not meet expectations. Leader with shares in Bank of America Corporation (BAC, +3.63%), which are now back up above $ 12 and close to the area of ​​the two-year highs reached in January.

All sectors of the index S & P. except one, are in the black. Leading financial sector (+1.0%). Reduction demonstrates only the technology sector (-0.1%).

At the close:

Dow +47.38 14,018.62 +0.34%

Nasdaq -5.52 3,186.49 -0.17%

S & P +2.4 1,519.41 +0.16%

23:30 Australia Westpac Consumer Confidence February +0.6% +7.7%

23:50 Japan Tertiary Industry Index December -0.3% +0.8% +1.4%

00:00 China Bank holiday

The yen gained against all of its major peers before a Group of 20 meeting at which officials are expected to debate the currency’s recent declines. The G-7 finance ministers and central-bank governors released a statement yesterday that appeared to signal acceptance for a weaker yen, so long as Japanese Prime Minister Shinzo Abe’s government doesn’t actively pursue devaluation. This position was then challenged when an unidentified official from a G-7 nation issued a clarification saying that the group was concerned about excessive moves in the yen and Japan’s practice of giving guidance on its value. Japanese Vice Finance Minister Takehiko Nakao declined to comment today on the official’s remarks. Finance ministers and central bankers from the G-20, which includes the G-7 and emerging markets such as Brazil, China and India, meet in Moscow on Feb. 15-16.

The Bank of Japan starts a two-day meeting today, and the euro held gains amid optimism Europe can cope with its debt crisis. The BOJ will announce its monetary policy decision tomorrow. Governor Masaaki Shirakawa said last week he will step down with two of his deputies on March 19, about three weeks before his term is due to end.

Australia’s dollar climbed after consumer confidence jumped by the most since 2011. The sentiment index for February jumped 7.7 percent to 108.3, a Westpac Banking Corp. and Melbourne Institute survey taken Feb. 4-8 of 1,200 adults showed today in Sydney.

EUR / USD: during the Asian session, the pair traded in the range of $1.3435-60.

GBP / USD: during the Asian session, the pair rose to $1.5870.

USD / JPY: during the Asian session the pair fell to Y92.80.

There is a full calendar Wednesday, with data and events expected on both sides of the Atlantic. The calendar gets underway at 0700GMT, with the release of the German January wholesales prices data. Following Tuesday's

Change % Change Last

Oil $97.46 -0.05 -0.05%

Gold $1,651.80 +2.20 +0.13%

Change % Change Last

Nikkei 225 11,369.12 +215.96 +1.94%

Hang Seng Closed

S&P/ASX 200 4,958.99 -0.52 -0.01%

Shanghai Composite Closed

CAC 40 3,686.58 +36.00 +0.99%

DAX 7,660.19 +26.45 +0.35%

Dow +47.38 14,018.62 +0.34%

Nasdaq -5.52 3,186.49 -0.17%

S&P +2.4 1,519.41 +0.16%

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

EUR/USD $1,3454 +0,50%

GBP/USD $1,5661 +0,02%

USD/CHF Chf0,9169 -0,35%

USD/JPY Y93,47 -0,90%

EUR/JPY Y125,75 +0,53%

GBP/JPY Y146,36 -0,87%

AUD/USD $1,0303 +0,48%

NZD/USD $0,8405 +0,67%

00:00 China Bank holiday -

08:15 Switzerland Producer & Import Prices, m/m January +0.1% +0.2%

08:15 Switzerland Producer & Import Prices, y/y January +1.0% +1.0%

10:00 Eurozone Industrial production, (MoM) December -0.3% +0.3%

10:00 Eurozone Industrial Production (YoY) December -3.7% -2.3%

10:30 United Kingdom BOE Gov King Speaks -

10:30 United Kingdom Bank of England Quarterly Inflation Report Quarter I

13:30 U.S. Retail sales January +0.5% +0.1%

13:30 U.S. Retail sales excluding auto January +0.3% +0.2%

13:30 U.S. Import Price Index January -0.1% +0.8%

15:00 U.S. Mortgage Delinquencies IV quarter 7.4%

15:00 U.S. Business inventories December +0.3% +0.3%

15:30 U.S. Crude Oil Inventories - +2.6

16:10 U.S. FOMC Member James Bullard Speaks -

21:30 New Zealand Business NZ PMI January 50.1

21:30 New Zealand Food Prices Index, m/m January -0.2%

21:30 New Zealand Food Prices Index, y/y January -1.0%

23:50 Japan GDP, q/q (preliminary) IV quarter -0.9% +0.1%