CFD Markets News and Forecasts — 21-09-2011

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21.09.2011
19:02
Dow 11,301.94 -106.72 -0.94%, Nasdaq 2,586.62 -3.62 -0.14%, S&P 500 1,188.92 -13.17 -1.10%
18:46
Fed says a schedule of operations expected to take place in October will be released on Friday, September 30.

"Purchases and sales will be conducted with the Federal Reserves primary dealers through a series of competitive auctions operated through the Desk's FedTrade system. Consistent with current practices, the results of each operation will be published on the Federal Reserve Bank of New York's website shortly after each operation has concluded. In order to ensure the transparency of these operations, the Desk will publish information on the transaction prices in individual operations at the end of each month, coinciding with the release of the next month's schedule." A set of Frequently Asked Questions associated with this program will be released on Monday, September 26. MBS reinvestments to start on Oct 3. The operations currently scheduled for September 23 and September 27 will take place as previously announced.

18:38
React on news: Twist announcement sees mixed action, Dow briefly positive, euro slipping now as dollar lifts on prospect of higher short-term rates.
18:30
FOMC is dovish-adopts aggressive Op Twist for $400b by end Jun'12

Makes no change in rates (FF again targeted 0%-1/4%) with mid-'13 assurance; no change in IOER. 

Econ remains slow, econ language altered, says infl will settle lower. Vote was 7-3. 

18:02
American focus: usd falles concern of Fed decision

The U.S. dollar declined against its major counterparts on the eve of announcement of results of meeting FOMC, which plans to adopt new stimilus to support economic growth. Some market participants expect a decision on the third round of the quantitative easing QE3.

Greece stated that the approved measures to achieve the budgetary targets in 2011 and 2012, and conclude negotiations with a triple after a visit by its representatives in Athens next week. The euro has shown strong growth, reaching a three-day highs.
The pound has stopped falling, caused by the publication of the Bank of England Minutes, and showed growth over the past few hours.
The Canadian dollar fell to January’s lows as weak statistics about inflation.

 

17:17
Moody's ratings cut of Bank of America, Wells Fargo, Citigroup
16:25
EURO-DOLLAR:

Fresh high for the day near $1.3740 area as dollar remains pressured here ahead of the FOMC announcement later this afternoon, but traders recall earlier talk of sizeable offers into $1.3745/55 area where the Tuesday high was marked. That sell interest said to come from real-money and model types

16:02
Gold Declines

Gold declined in New York on speculation further stimulus measures by the Federal Reserve will cut demand for the metal as a protection of wealth. 

Gold for December delivery fell $12.90, or 0.7 percent, to $1,796.20 an ounce on the Comex in New York. 

15:33
EURO-DOLLAR:

Nasty squeeze on euro shorts around the London fixing and shortly thereafter and euro-dollar pops to high print at $1.37245 as stops are gunned above $1.3710 area of European highs. Offers said stacked up ahead of $1.3750 area though and those capping for now. Euro last at $1.3705 as updraft fades

15:22
Crude oil rebounds after U.S. Energy Department reports inventory decline

Crude oil rose in New York after the Energy Department said stockpiles fell a more-than-expected 7.34 million barrels to 339 million last week.
Futures also rose as a Chinese leading indicator climbed in July, adding to evidence that the world’s second-biggest economy is withstanding Europe’s debt crisis and faltering U.S. growth. South Korea’s unemployment rate fell to a three-year low as the economy’s expansion boosted hiring in the service sectors. China and South Korea are the world’s second and ninth biggest oil consuming countries, according to the U.S. Energy Department.
Oil for October delivery rose 0.78 percent, to $87.60 a barrel on the New York Mercantile Exchange.

14:59
CABLE: Remains under pressure, flirting with stops sub $1.5580
14:51
Trading in the U.S. are multi-directional change in stock market indices in narrow ranges, the focus of attention - the Fed
14:40
Tomorrow’s main events:

At 02:30 GMT there are data on the Chinese economy: an index of purchasing managersf rom HSBC.
At 12:30 GMT will be released Canadian data on retail sales base. Expected to increaseby 0.2% compared with a fall of 0.1% in the previous month.
At the same time, will be published weekly statistics on applications for unemployment benefits in the U.S.. It is expected a slight decline in this rate to 417K compared with the previous 428K.

14:32
US DATA: EIA oil data for Sep 16 wk: crude stocks -7.3m bbl to 339.0m.
14:29
Dow 11,407.98 -0.68 -0.01%, Nasdaq 2,600 +10.12 +0.39%, S&P 500 1,200 -2.17 -0.18%
14:21
Europe stock indexes slightly reduced losses, in focus - French banks
14:18
REACT: Stocks add gains after stronger than expected existing home sales data, Dollar unfazed
14:17
US DATA: August existing home sales +7.7% to 5.03 mln rate SA, above expectations
14:16
Option expiries for today's 1400GMT cut:

EUR/USD $1.3800, $1.3700, $1.3500, $1.3450
USD/JPY Y77.00
EUR/JPY Y105.00, Y104.00
GBP/USD $1.6000
USD/CHF Chf0.8950
AUD/USD $1.0250, $1.0320, $1.0400

13:37
Before the bell: US stock futures little changed before Fed

 

Before the opening of the market S & P futures rose (+0.06%) and reached 1196.70, NASDAQ futures lost 0.03% to reach 2295.75 points and the futures Dow fell (-0.25%) and reached 11307.00.

Stocks fell yesterday as concern that Greece wasn’t closer to receiving more financial aid offset speculation the Fed will act to stimulate growth.

Caterpillar Inc. and Citigroup Inc. paced declines among companies most-dependent on economic growth. Oracle Corp. (ORCL) climbed 4.3 percent after the software maker reported profit that topped analysts’ estimates. Adobe Systems Inc. (ADBE), the largest maker of graphic-design software, jumped 7 percent after its sales forecast exceeded projections.

The October WTI oil contract traded at $ 86.26 per barrel (-0.76%).

Prior to the regular session price of gold fell to $ 1803.40 per troy ounce (-0.32%).

 

12:42
European session: The euro fell

Data:
08:30 United Kingdom PSNCR, bln August 11.8
08:30 United Kingdom PSNB, bln August 15.9
08:30 United Kingdom Bank of England Minutes

The Dollar  advanced for the third time in four days amid speculation the Federal Reserve will announce further stimulus measures for the world’s biggest economy following a two-day policy meeting.
The pound slid most of its major peers after minutes of the Bank of England’s most-recent meeting showed policy makers said growth in the second half of 2011 may be “materially weaker” than projected in August. The central bank kept its key rate at a record low of 0.5 percent in September and left bond purchases at 200 billion pounds ($314 billion).
Canada’s dollar fell for a third straight day as slowing economic growth concern discouraged demand for higher-yielding assets.The International Monetary Fund cut Canada’s economic growth forecast yesterday to 2.1 percent for this year from 2.9 percent

EUR/USD: the pair fell to $1.3605.
GBP/USD: the pair fell to $1.5700.
USD/JPY: the pair holds Y76.20-Y76.30.

At 1300GMT, THE IMF releases ITS Global Financial Stability Report, in Washington.
More US data is released at 1300GMT, with the release of the August Existing Home Sales data.
The day's main event is at 1815GMT, when the FOMC monetary policy announcement is made, following a two-day meet.

11:42
Orders:

EUR/USD
Offers $1.3790/805, $1.3745/55
Bids    $1.3560/50  $1.3595/85  $1.3625/20  $1.3640

11:23
Tech on USD/JPY

Resistance 3: Y77.60 (Sep 8 and 12 high)
Resistance 2: Y77.00 (area of Sep 16-19 high)
Resistance 1: Y76.75 (Sep 20 high)
The current price: Y76.32
Support 1:Y76.10 (session low)
Support 2:Y75.65 (FIBO 200 % Y76.31-Y77.00)
Support 3:Y75.00 (psychological mark)

Comments: the pair holds in daily range.

11:02
CANADA: Aug CPI +0.3% m/m, +3.1% y/y
10:32
PORTUGAL T-BILL AUCTION RESULT:

Sold E1.25bn vs target E750m-E1.25b

3-month T-bill; avg yield 4.931% 
6-month T-bill; avg yield 5.249% 

10:18
Tech on USD/CHF

Resistance 3: Chf0.9070 (Apr 12 high)
Resistance 2: Chf0.9000 (area of  Apr 18-19 high)
Resistance 1: Chf0.8960 (area Apr 14-15 high)
The current price: Chf0.8933
Support 1: Chf0.8920 (Sep 20 high)
Support 2: Chf0.8855 (session low)
Support 3: Chf0.8800 (area Sep 19-20 low)

Comments: the pair rises. Above resistance Chf0.8960.

10:10
Technics on GBP/USD

Resistance 3: $ 1.5800 (the price of closing of the last week)
Resistance 2: $ 1.5745 (area of Sep 19-20 high)
Resistance 1: $ 1.5690 (average line of the channel, low of Asian session on Sep 19)
The current price: $1.5665
Support 1 : $1.5620/30 (session low)
Support 2 : $1.5575 (Dec 3’2010 low)
Support 3 : $1.5525/30 (Jan 11 low)

Comments: the pair  restored after falling. Further resistance $1.5690.

09:43
Tech on EUR/USD

Resistance 3: $ 1.3935 (Sep 9 and 15 high)
Resistance 2: $ 1.3840 (high of American session on Sep 16)
Resistance 1: $ 1.3750 (Sep 16 high)
The current price: $1.3693
Support 1 : $1.3650 (low of American session on Sep 20 )
Support 2 : $1.3590 (Sep 19 low)
Support 3 : $1.3555/60 (area of Sep 12-13 low)

Comments: the pair was restored. Below resistance  $1.3750

09:24
FTSE 100 5,337 -26.67 -0.50%%; CAC 40 2,955 -29.11 -0.98%; Xetra DAX 5,502 -69.26 -1.24%
09:15
Option expiries for today's 1400GMT cut

EUR/USD  $1.3500, $1.3600, $1.3680, $1.3690, $1.3800, $1.3900
USD/JPY  Y75.85, Y75.95, Y76.40, Y76.45, Y76.65, Y76.70, Y77.50, Y77.75, Y78.00
EUR/JPY  Y103.30, Y107.70, Y108.50
GBP/USD  $1.5700, $1.5500
AUD/USD  $1.0100, $1.0270, $1.0345, $1.0350, $1.0375, $1.0400, $1.0420

08:58
UK: TSY

  • UK finances underline current challenging times
  • Growth lower than OBR March forecasts
  • Tax receipts continue to grow
  • Spending growth so far at rate OBR forecast
  • Data shows welcome, substantial borrowing reduction

08:45
GBP contines to slip as comments in the BOE Minutes
08:40
United Kingdom PSNB, bln August 15.93
08:39
United Kingdom PSNCR, bln August 11.8
08:09
Asia Pacific stocks close:

Nikkei 225 8,741 +19.92 +0.23%
Hang Seng 18,804 -211.11 -1.11%
S&P/ASX 4,072 +31.55 +0.78%
Shanghai Composite 2,513 +65.61 +2.68%

07:47
Forex: Tuesday’s review

The Swiss franc fell against the dollar and the euro amid speculation the Swiss National Bank may tighten its target to limit the currency’s strength. Swiss central bank spokesman Walter Meier in Zurich declined to comment when asked about speculation that policy makers may adjust the franc ceiling against the euro. It fell 0.6 percent to 88.77 centimes per U.S. dollar.
The dollar rallied and Treasuries erased their decline after the International Monetary Fund predicted severe global growth repercussions if Europe fails to contain the sovereign debt crisis. IMF said the European Central Bank should lower interest rates if risks to growth persist. The ECB’s current benchmark rate is 1.5 percent.
The euro was little changed at $1.3682. The shared currency traded at 104.77 yen, from 1.0482 yesterday, when it reached 103.96 yen, almost the least since 2001. German investor confidence fell to the lowest in more than 2 1/2 years in September as Europe’s debt crisis and a global slowdown damped the outlook for growth.
Australia’s dollar was the biggest winner against the U.S. currency.

EUR/USD: in first half of day the pair hold $1.3680. Then pair rises to $1.3720 on American session.
GBP/USD: the pair rises and finished session $1.5730.
USD/JPY: yestherday pair was under pressure  and finished session  Y76.45.

Focus today is set squarely on this morning#'s release of BOE MPC .
After UK statistic from Canada - Consumer Price Index.
After Canada releases  focus will turn toward this evening's FOMC announcement.

07:30
Stocks: Tuesday’s review

Asian stocks fell, extending a two- week decline on the region’s benchmark stock index, after Italy’s sovereign-credit ratings were cut, intensifying concern Europe’s debt crisis is worsening and may sour the earnings outlook for exporters, banks and commodity producers.
BHP Billiton Ltd. (BHP), the world’s biggest mining company, dropped 2.1 percent in Sydney as crude and metal prices tumbled.
Rio Tinto Group, the second-largest miner by sales, fell 1.9 percent, extending losses yesterday.
Sony Corp. (6758) slumped 4.1 percent, leading exporters’ shares lower after Japanese markets resumed trading following yesterday’s public holiday.
China Unicom (Hong Kong) Ltd., the nation’s No. 2 mobile phone carrier, rose 3.9 percent in Hong Kong after boosting subscribers.
Mitsubishi UFJ Financial Group Inc. (8306), Japan’s biggest lender by market value, declined 2.9 percent to 335 yen on concern Europe’s debt crisis may spill over into the banking system.

European stocks climbed as Greece described its debt talks with the European Union and the International Monetary Fund as “productive” and investors speculated the Federal Reserve will provide more stimulus.
EON AG and RWE AG (RWE), Germany’s biggest utilities, climbed more than 3.5 percent after a court suspended a nuclear-fuel tax.
Barratt Developments Plc (BDEV) surged 5.7 percent after Citigroup Inc. advised buying the shares. SAP AG (SAP) rose 2.3 percent.
The Federal Reserve, led by Chairman Ben S. Bernanke, will decide tomorrow to replace short-term Treasuries with long-term bonds, according to the majority of economists.
National benchmark indexes rose in every western-European market except Greece and Iceland today. The U.K.’s FTSE 100 Index advanced 2 percent, Germany’s DAX Index gained 2.9
The IMF said that the program carried out by the government had produced “impressive fiscal consolidation,” while EU economics spokesman Amadeu Altafaj told reporters in Brussels yesterday that the European Commission has not demanded more of Greece than was agreed to in the international aid program for the country.
S&P said Italy’s net general government debt is the highest among A-rated sovereigns, and the company expects it to peak later and at a higher level than it had estimated.

06:58
Tech on USD/JPY

Resistance 3: Y77.60 (Sep 8 and 12 high)
Resistance 2: Y77.00 (area of Sep 16-19 high)
Resistance 1: Y76.75 (Sep 20 high)
The current price: Y76.35
Support 1:Y76.10 (session low)
Support 2:Y75.65 (FIBO 200 % Y76.31-Y77.00)
Support 3:Y75.00 (psychological mark)

Comments: the pair holds in daily range.

06:54
Tech on USD/CHF

Resistance 3: Chf0.9070 (Apr 12 high)
Resistance 2: Chf0.9000 (area of  Apr 18-19 high)
Resistance 1: Chf0.8960 (area Apr 14-15 high)
The current price: Chf0.8933
Support 1: Chf0.8920 (Sep 20 high)
Support 2: Chf0.8855 (session low)
Support 3: Chf0.8800 (area Sep 19-20 low)

Comments: the pair rises. Above resistance Chf0.8960.

06:20
Tech on GBP/USD

Resistance 3: $ 1.5840 (Sep 16 high)
Resistance 2: $ 1.5800 (the price of closing of the last week)
Resistance 1: $ 1.5745/50 (area of Sep 19-20 high)
The current price: $1.5735
Support 1 : $1.5720 (session low)
Support 2 : $1.5650 (low of the end on Dec 2010)
Support 3 : $1.5575 (Dec 3’2010 low)

Comments: the pair holds area of weekly high. The immediate resistance $ 1.5745/50

06:00
Tech on EUR/USD

Resistance 3: $ 1.3935 (Sep 9 and 15 high)
Resistance 2: $ 1.3840 (high of American session on Sep 16)
Resistance 1: $ 1.3750 (Sep 16 high)
The current price: $1.3720
Support 1 : $1.3650 (low of American session on Sep 20 )
Support 2 : $1.3590 (Sep 19 low)
Support 3 : $1.3555/60 (area of Sep 12-13 low)

Comments: the pair was restored. Below resistance  $1.3750

05:58
USD/CHF move so far in Swiss markets after talk of SNB lifting the euro-chf floor to chf 1.2500
05:41
Daily history for Sep 20'2011:

Change % Change Last
Nikkei 8,721 -142.92 -1.61%
Hang Seng  19,015 +96.85 +0.51%
Shanghai Composite  2,448 +9.96 +0.41%
FTSE   5,364 +104.15 +1.98%
CAC   2,984 +44.05 +1.50%
DAX 5,572 +155.77 +2.88%
Dow 11,409.19 +8.18 +0.07%
Nasdaq 2,590 -22.59 -0.86%
S&P 500 1,202 -2.00 -0.17%
10 Year Yield 1.95% +0.01 -
Oil $86.76 -0.13 -0.15%
Gold $1,806.90 -2.20 -0.12%

05:18
Schedule for today, Wednesday, Sep 21'2011:

04:30 Japan All Industry Activity Index, m/m July 2.3% 0.5%
08:30 United Kingdom PSNCR, bln August -5.6
08:30 United Kingdom PSNB, bln August 0.0 10.0
08:30 United Kingdom Bank of England Minutes 0
11:00 Canada Consumer Price Index m / m August +0.2% +0.1%
11:00 Canada The consumer price index, g / g August +2.7% +2.9%
11:00 Canada Bank of Canada Consumer Price Index Core, m/m August +0.2% +0.2%
11:00 Canada Bank of Canada Consumer Price Index Core, y/y August +1.6% +1.6%
14:00 U.S. Existing Home Sales August 4.67 4.75
14:30 U.S. EIA Crude Oil Stocks change неделя по 16 сентября -6.7
18:15 U.S. Fed Interest Rate Decision 0 0.00-0.25% 0.00-0.25%
22:45 New Zealand Gross Domestic Productб q/q Quarter II +0.8% +0.5%
22:45 New Zealand Gross Domestic Product, y/y Quarter II +1.5% +1.7%

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