- Analytics
- News and Tools
- Market News
CFD Markets News and Forecasts — 22-08-2012
The dollar strengthened against the euro on speculation that the Federal Reserve will take steps to boost economic growth, although recent reports suggest that the economy is gaining momentum.
The dollar showed growth against the yen after Japan reported that the trade deficit in July rose more than expected.
We also learned that the U.S. central bank is considering various ways to buy bonds for further easing, as investors fading expectations of further stimulus.
The pound rose against the euro ahead of the report this week, which will be able to show that the UK economy fell by less than previously estimated in
second quarter. Sterling strengthened against most of its 16 major counterparts. Yesterday it fell to its lowest level in two weeks against the euro.
The euro rose, after Greek Prime Minister Antonis Samaras said in Athens that his government deliberately meet the objectives of saving and help to combat the sovereign debt crisis.
Also influenced the growth of the published data on the level of sales in the secondary market, which increased compared to the previous month, but were below analysts' expectations.
The Australian dollar fell, as the decline in stock markets eroded demand for higher-yielding assets.
The dollar index, which tracks the greenback against six major currencies, was 81.910, after rising to 82.121.
Now market participants are awaiting publication of the minutes of the meeting FOMC, which may shed light on the possibility of further quantitative easing.
European stocks slid the most in almost three weeks as Japan reported a wider-than-expected trade deficit and investors awaited the outcome of meetings between the leaders of countries in the euro area.
BHP Billiton Ltd. (BHP) slid 1.7 percent after the world’s biggest mining company put $68 billion of projects on hold.
Heineken NV (HEIA), which last week increased its offer to gain control of Asia Pacific Breweries Ltd., lost 1.1 percent after posting first-half earnings that missed analysts’ estimates because of higher costs.
Man Group Plc (EMG) sank 4.4 percent as the hedge-fund manager reported a drop in assets at its flagship fund.
The Stoxx Europe 600 Index (SXXP) declined 1.2 percent to 269.27 at the close, its biggest retreat since Aug. 2.
National benchmark indexes declined in every western-European market.
FTSE 100 5,774.2 -83.32 -1.42% CAC 40 3,461.65 -51.63 -1.47% DAX 7,017.75 -71.57 -1.01%
BHP Billiton slid 1.7 percent to 1,947 pence after saying that it will not approve any further spending on major projects this fiscal year. The commodity producer also posted net income of $5.5 billion for the six months ended June 30, compared with $13.1 billion a year earlier, according to a calculation.
Rio Tinto Group, the world’s third-biggest mining company, declined 2.7 percent to 2,979.5 pence, as a gauge of miners dropped the most of the 19 industry groups on the Stoxx 600.
Anglo American Plc (AAL) slid 3.7 percent to 1,910 pence after JPMorgan Chase & Co. downgraded the shares to underweight from neutral, meaning that investors should sell the holdings. The brokerage said that Anglo American was the most expensive large mining company when valued on its earnings.
Heineken slipped 1.1 percent to 44 euros after the world’s third-largest brewer said costs to produce its beer will climb 8 percent this year, rather than the 6 percent increase that it had forecast. The company also posted earnings before interest and taxes, excluding some items, of 1.27 billion euros ($1.6 billion). That compared with the 1.31 billion-euro average estimate for profit on that basis survey of analysts. The figure represents a so-called organic decrease of 5.5 percent, compared with the median estimate of 9 analysts for a 0.5 percent increase.
Man declined 4.4 percent to 76.8 pence after the fund manager said the net asset value of its Man AHL Diversified fund fell 1.4 percent last week.
Vestas Wind Systems A/S (VWS) slumped 6.4 percent to 31.77 kroner after the Aarhus, Denmark-based wind-turbine maker said it will cut another 1,400 jobs to lower costs by more than 250 million euros. The company also reiterated full-year targets for revenue of 6.5 billion euros to 8 billion euros and a margin before interest and taxes of zero to 4 percent.
Crude oil was little changed in New York after the U.S. Energy Department said stockpiles fell more than expected last week.
Supplies dropped 5.41 million barrels to 360.7 million in the seven days ended Aug. 17, the report showed. Inventories were forecast to decline 250,000 barrels, according to the median analyst estimates.
Gasoline inventories declined 962,000 barrels to 202.7 million. The forecast was a decrease of 1.35 million barrels.
Distillate supplies, which include heating oil and diesel, rose 992,000 barrels. The forecast was a gain of 1 million.
Oil was little changed before the report on concern that storms in the Gulf of Mexico will disrupt supplies and after Japan reported a larger-than-expected trade deficit.
Tropical Storm Isaac is expected to cross the Leeward Islands today and grow into a hurricane on a path toward Florida. The U.S. National Hurricane Center’s tracking map shows the system crossing Haiti as a hurricane on Aug. 25 and striking Cuba before arriving at the edge of Florida Keys early Aug. 27.
Exports in Japan, the world’s third-largest oil consumer after the U.S. and China, fell 8.1 percent from a year earlier, compared with an estimated 2.9 percent drop, the Finance Ministry reported.
Shipments to the European Union decreased 25 percent from a year earlier, the biggest decline since October 2009, while those to China slipped 12 percent, the ministry said. The trade deficit was the biggest for any July in data going back to 1979, it said.
October futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now $ 97.22 per barrel.
October futures price of North Sea Brent crude oil mix is now $ 114.82 a barrel on the ICE Futures Europe Exchange.
The price of gold was firm near its three-month high Wednesday morning amid hopes that the European Central Bank will take steps to reduce borrowing costs for Spain and Italy.
Yesterday, gold extended its three-month high as the dollar weakened while the euro strengthened on optimism over the euro zone debt problem with expectations that the European Central Bank would step up efforts to prop-up the weaker economies of the single currency bloc.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up to 1,278.96 tons from 1,274.74 tons.
Meanwhile, the U.S. dollar was lingering near a two-month low versus the euro and the Swiss franc, while slipping back near a three-month low against sterling. The buck was hovering around a 5-week high versus the yen.
A slight decrease was recorded after the data on the level of sales in the secondary market, which increased compared to the previous month, but were below analysts' expectations.
The cost of the August gold futures on the COMEX is now 1639.3 dollars per ounce.
EUR/USD $1.2450, $1.2460, $1.2500, $1.2525
USD/JPY Y79.15, Y79.50, Y79.65
GBP/USD $1.5785, $1.5800, $1.5620
AUD/USD $1.0450, $1.0500
AUD/NZD NZ$1.3010
U.S. stock futures fell as Japan posted a wider-than-expected trade deficit and investors awaited minutes of the last Federal Reserve meeting.
Global Stocks:
Nikkei 9,131.74 -25.18 -0.27%
Hang Seng 19,887.78 -212.31 -1.06%
Shanghai Composite 2,107.71 -10.56 -0.50%
Topix 762.73 -2.53 -0.33%
FTSE 5,785.67 -71.85 -1.23%
CAC 3,479.27 -34.01 -0.97%
DAX 7,019.58 -69.74 -0.98%
Crude oil $96.40 -0,45%
Gold $1641.60 -0.08%
Data
00:30 Australia Leading Index June +0.8% +0.5%
The dollar and the yen strengthened after Japan said that the trade deficit in July was more than expected, underlining the fragility of the global economy and increased demand for safe assets.
The U.S. dollar rose after the Federal Reserve Bank of Chicago Charles Evans described the weakening of global trade, as "terrible."
The euro fell against the dollar, as the Prime Minister of Luxembourg Jean-Claude Juncker, who goes to Greece to discuss a plan to save the country. Also to reduce impact of speculation that Germany will support Greece in fighting the debt crisis.
The pound rose against the euro ahead of the report this week, which will be able to show that the UK economy fell by less than previously estimated in the second quarter. Sterling strengthened against most of its 16 major counterparts. Yesterday it fell to its lowest level in two weeks against the euro.
The Australian dollar fell, as the decline in stock markets eroded demand for higher-yielding assets.
The dollar index, which tracks the greenback against six major currencies, rose 0.1 percent to 81.942.
EUR/USD: Trading in the pair shows a slight decrease, and is now trading near the support line at $ 1.2442
GBP/USD: pair rose sharply to a maximum of $ 1.5815 session, and then declined slightly and now stands at $ 1.5800
USD/JPY: the course in mid-session trading in a narrow range
Basic data protection will be presented in the second half of the day. At 12:30 GMT, there are data on retail sales in Canada in June. Further, at 14:00 GMT followed by statistics on the U.S. housing market - sales in the secondary market in July. The main event will be the publication of the American session minutes of the last meeting of the Open Market Committee of the Federal Reserve, which is scheduled for 18:00 GMT.
EUR/USD
Offers $1.2570/80, $1.2550, $1.2500
Bids $1.2440, $1.2415/00
GBP/USD
Offers $1.5900/10, $1.5880, $1.5850
Bids $1.5730, $1.5705/00
AUD/USD
Offers $1.0550, $1.0520, $1.0480/85
Bids $1.0420
EUR/GBP
Offers stg0.8015/20, stg0.8000, stg0.7965/70, stg0.7920
Bids stg0.7860/50, stg0.7810/00, stg0.7780/75
EUR/JPY
Offers Y99.80, Y99.50, Y99.20
Bids Y98.50, Y98.20, Y98.00, Y97.75/70
USD/JPY
Offers Y79.80, Y79.50
Bids Y79.20, Y79.10, Y79.00
Negative impact on the indices had a statement of the Prime Minister of Greece, Antonis Samaras told the German media, he said that Greece needs more time to implement reforms.
As the pressure is weaker than expected, the statistics on foreign trade in Japan. According to the Japanese Ministry of Finance, the negative trade balance of the country in July totaled 517.4 billion yen ($ 6.5 billion).
Today, the ECB held an auction to provide dollar liquidity in the scrip by 8.45 bln 0.64% for 7 days. The yield on 10-year bonds of Portugal fell below 9%.
To date:
FTSE 100 5,797.35 -60.17 -1.03%
CAC 40 3,489.32 -23.96 -0.68%
DAX 7,035.96 -53.36 -0.75%
Heineken NV shares fell 2.9% Capitalization STMicroelectronics NV fell 1.2% after Dell Inc. lowered its forecast for this year relative to demand for personal computers.
EUR/USD $1.2450, $1.2460, $1.2500, $1.2525
USD/JPY Y79.15, Y79.50, Y79.65
GBP/USD $1.5785, $1.5800, $1.5620
AUD/USD $1.0450, $1.0500
AUD/NZD NZ$1.3010
Asian stocks dropped, with the regional gauge retreating from a three-month high, after Japan reported a wider-than-expected trade deficit and as investors await developments from a euro-area finance ministers meeting this week to discuss details of the bailout package for Greece.
Nikkei 225 9,131.74 -25.18 -0.27%S&P/ASX 200 4,376 -7.38 -0.17%
Shanghai Composite 2,098.21 -20.06 -0.95%
Canon Inc., a camera maker that gets 31 percent of sales from Europe, fell 1.1 percent in Tokyo.
Samsung Electronics Co., the world’s largest maker of computer memory chips, slid 1.4 percent after customer Dell Inc. cut its full-year profit forecast amid a slump in demand for personal computers.
Woodside Petroleum Ltd. declined 3.1 percent in Sydney after Australia’s No. 2 oil producer posted first-half profit that missed analyst estimates.
00:30 Australia Leading Index June +0.8% +0.5%
The dollar gained versus most major peers before data that may show an improving U.S. housing market, damping prospects the Federal Reserve will start a third round of asset purchases, or quantitative easing. Sales of existing homes in the U.S. probably climbed to a 4.51 million annual rate last month from a 4.37 million pace in June, according to the median estimate of economists in a Bloomberg News survey before today’s report from the National Association of Realtors.
Demand for the greenback was supported before the U.S. central bank releases today minutes of its most recent meeting. The Fed will release records of its two-day meeting concluded on Aug. 1, when officials refrained from adding new stimulus measures that tend to debase the greenback.
The yen rose against the Australian and New Zealand dollars as Asian stocks declined.
The euro traded 0.2 percent from a six- week high ahead of talks among European leaders this week, beginning with Luxembourg Prime Minister Jean-Claude Juncker’s visit to Greece today to discuss the nation’s request for a two- year extension to its fiscal adjustment program.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.2455-75.
GBP / USD: during the Asian session, the pair traded in the range of $ 1.5765-85.
USD / JPY: during the Asian session, the pair traded in the range of Y79.15-30.
US data gets underway at 1100GMT, when the MBA Mortgage Application Index for the August 17 week is released. The main US data for the session is released at 1400GMT, when July existing homes sales data hits screens. The main US focus for the day will come after the European close, when the FOMC July 31/Aug 1 Meeting Minutes are released at 1800GMT. European events start late, at 1600GMT, when Greek PM Antonis Samaras starts his make-or-break round of meetings by entertaining Eurogroup head Jean-Claude Juncker, in Athens.
Yesterday the euro rose to a six-week high against the dollar and the yen ahead of the meeting of regional leaders this week, which will meet to discuss their progress in the fight against the financial crisis.
The single currency continued its two-day rise after Germany reported a possible concessions to Greece. Also on the rise of the currency influenced successfully conducted auction of treasury bills in Spain. It is learned that Spain has placed T-bills in the amount of 4.515 billion euros against the planned 3.5-4.5 billion.
The dollar to fall in anticipation of the release of data on home sales, which will be presented tomorrow. It is expected that sales rose last month.
The Australian dollar rose against the dollar after the minutes of the meeting of the Reserve Bank of Australia showed that the internal market is showing signs of recovery, despite the weakness of the global economy.
The pound fell against the euro as the UK unexpectedly announced that net borrowing state. Sector declined, while factory orders balance of the Confederation of British Industry has fallen to eight-month low in August, adding to signs that the UK economy is slowing down.
Asian stocks rose, with the regional benchmark index heading for a three-month high, as China moved to alleviate a cash crunch and ahead of U.S. reports that are expected to show the world’s biggest economy is improving.
Nikkei 225 9,156.92 -14.24 -0.16%
S&P/ASX 200 4,383.4 +19.11 +0.44%
Shanghai Composite 2,115.36 +8.40 +0.40%
Taiwan Semiconductor Manufacturing Co., the world’s biggest contract manufacturer of computer chips, gained 1.5 percent in Taipei.
Asia Pacific Breweries Ltd. jumped 4.8 percent in Singapore after Heineken NV raised its offer for a controlling stake in the maker of Tiger beer.
PICC Property & Casualty Co. advanced 6.1 percent in Hong Kong after China’s biggest non-life insurer posted higher first-half earnings.
European (SXXP) stocks advanced as Spain’s borrowing costs fell at a debt sale, while investors awaited bilateral meetings between the leaders of euro-area countries to gauge their progress in tackling the fiscal crisis.
The Stoxx 600 climbed 0.4 percent to 272.58 at the close of trading.
National benchmark indexes gained in every western-European market except Denmark.
FTSE 100 5,857.52 +33.15 +0.57% CAC 40 3,513.28 +32.70 +0.94% DAX 7,089.32 +55.64 +0.79%
In the U.S., house sales and durable-goods orders probably increased in July, economists said before reports this week.
Rio Tinto, the world’s third-largest mining company, gained 2.1 percent to 3,062.5 pence and BHP Billiton added 1.5 percent to 1,980 pence after copper prices climbed in London. A gauge of mining stocks listed on the Stoxx 600 rose 1.7 percent.
Julius Baer Group AG climbed 3.1 percent to 32.36 Swiss francs after the company said late yesterday it will reduce its rights offer to 500 million francs ($519 million) from 750 million francs.
Barclays Plc (BARC) gained 3.2 percent to 197.1 pence after saying it has started talks with South Africa’s Absa Group Ltd. to merge their African units. The combination would affect the banks’ assets in Kenya, Botswana, Zambia, Tanzania and Ghana, according to a statement. Barclays bought 54 percent of Absa in 2005 for $4.5 billion.
Straumann plunged 13 percent to 108.80 francs, its lowest price since April 2003. The world’s biggest maker of dental implants reported first-half Ebit of 53.3 million francs, missing the average analyst estimate of 59.3 million francs. The company said it does not expect demand to recover in Europe in the short term.
Nobel Biocare Holding AG (NOBN), the world’s second-largest maker of dental implants, slipped 1.1 percent to 9.17 francs.
Telekom Austria AG (TKA) slid 3.9 percent to 6.45 euros, its lowest price since May 2001.
Growth indexes started the session, with the S & P 500 update the maximum of 2012, but in the end could not hold its positions and closed in the red.
Support indices early in the session had expectations of market participants about the fact that at the meeting of leaders of the European Union, which will take place this week, there will be progress in resolving the debt crisis in the region.
However, against the background of the holiday season and a reduction of forces buyers was not enough to continue to grow and overcome important resistance levels as the highs of 2012.
The pressure on the index was technical factors: charts indices indicate overbought and some excessive recent growth, which was based on expectations and was not supported by fundamentals.
News background was limited.
In the composition of the index components DOW demonstrate predominantly negative dynamics. More than others and the share price rose JPMorgan Chase (JPM, +1.74%). Below are the remaining stock Verizon Communications (VZ, -1.76%).
Branches in the context of almost all major sectors of the index S & P is in the red. More rest down the technology sector (-0.6%) and the conglomerate sector (-0.6%). Growth shows only the financial sector (+0.2%).
To date:
Dow 13,203.58 -68.06 -0.51%
Nasdaq 3,067.26 -8.95 -0.29%
S & P 500 1,413.19 -4.94 -0.35%Change % Change Last
Oil $96.55 -0.13 -0.13%
Gold 1,639.40 -3.50 -0.21%Change % Change Last
Nikkei 225 9,156.92 -14.24 -0.16%
S&P/ASX 200 4,383.4 +19.11 +0.44%
Shanghai Composite 2,115.36 +8.40 +0.40%
FTSE 100 5,857.52 +33.15 +0.57%CAC 40 3,513.28 +32.70 +0.94%
DAX 7,089.32 +55.64 +0.79%
Dow 13,203.58 -68.06 -0.51%
Nasdaq 3,067.26 -8.95 -0.29%
S&P 500 1,413.19 -4.94 -0.35%
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2470 +1,00%
GBP/USD $1,5780 +0,44%
USD/CHF Chf0,9628 -1,02%
USD/JPY Y79,28 -0,25%
EUR/JPY Y98,86 +0,75%
GBP/JPY Y125,09 +0,20%
AUD/USD $1,0484 +0,41%
NZD/USD $0,8109 +0,26%
USD/CAD C$0,9888 +0,04%00:30 Australia Leading Index June +0.8% +0.5%
08:30 United Kingdom Business Investment, q/q Quarter II +1.9% +2.8%
12:30 Canada Retail Sales, m/m June +0.3% +0.2%
12:30 Canada Retail Sales ex Autos, m/m June +0.5% +0.4%
12:30 U.S. Existing Home Sales July 4.37 4.52
14:30 U.S. Crude Oil Inventories - -3.7
15:00 Canada BOC Gov Carney Speaks -
18:00 U.S. FOMC meeting minutes
© 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
