Novosti i prognoe: devizno tržište od 22-04-2014

01:30 Australia CPI, q/q Quarter I +0.8% +0.8%     

01:30 Australia CPI, y/y Quarter I +2.7% +3.2%     

01:45 China HSBC Manufacturing PMI (Preliminary) April 48.0 48.4     

06:58 France Manufacturing PMI (Preliminary) April 52.1 51.9     

06:58 France Services PMI (Preliminary) April 51.5     51.5     

07:28 Germany Manufacturing PMI (Preliminary) April 53.7 53.9     

07:28 Germany Services PMI (Preliminary) April 53.0 53.5     

07:58 Eurozone Manufacturing PMI (Preliminary) April 53.0 53.0     

07:58 Eurozone Services PMI (Preliminary) April 52.2 52.7     

08:30 United Kingdom Bank of England Minutes                 

08:30 United Kingdom PSNB, bln March 7.5 8.7     

10:00 United Kingdom CBI industrial order books balance April 6 7     

12:30 Canada Retail Sales, m/m February +1.3% +0.5%     

12:30 Canada Retail Sales ex Autos, m/m February +1.0% +0.6%     

13:43 U.S. Manufacturing PMI (Preliminary) April 55.5 56.2     

14:00 U.S. New Home Sales March 440 455     

14:30 U.S. Crude Oil Inventories April +10.0         

21:00 New Zealand RBNZ Interest Rate Decision 2.75% 3.00%     

21:00 New Zealand RBNZ Rate Statement                 

The U.S. dollar recovered its morning losses after the publication of the better-than expected U.S. housing market data. The National Association of Realtors published existing-home sales in the USA. Sales of previously owned homes declined 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February. The projected value was 4.57 million.

Richmond Fed Manufacturing Index was better than expected. The figure was 7 in April (forecast: 0).

The euro declined against the U.S. dollar because of the better-than expected U.S. economic figures. The better-than-expected consumer confidence in the EU had no influence on the euro.

The Canadian dollar was weaker against the U.S. dollar, despite the better-than-expected wholesale sales in Canada. Wholesale sales climbed 1.1% in February (forecast: 0.7%).

Economic calendar:

00:00 Australia          Conference Board Australia Leading Index      February          +0.2%   +0.3%

09:00 Eurozone         Construction Output, m/m      February          +1.5%               +0.1%

09:00 Eurozone         Construction Output, y/y         February          +8.8%               +6.7%

12:30 Canada           Wholesale Sales, m/m   February           +0.8%       +0.7% +1,1%

The euro climbed to $1.3824. There were no economical impulses on the markets. Construction output in EU was published. The annual increase of construction output in February was worse than the output one month earlier. The annual construction output rose 6.7% in February (January: 8.8%). Stock markets remained unimpressed by this publication.

The U.S. dollar declined against the most major currencies ahead the publication of the real estate sector data.

The British pound increased because of the high demand since the publication of the better-than expected inflation rate last week.

EUR/USD: the currency pair reached $1.3824

GBP/USD: the currency pair reached $1.6839

USD/JPY: the currency pair traded flat

The most important news that are expected (GMT0):

USD/JPY Y102.00, Y102.10, Y102.25, Y102.45/50

EUR/JPY Y141.50, Y142.15

EUR/USD $1.3700, $1.3710, $1.3760/65, $1.3775-80, $1.3800, $1.3850

GBP/USD $1.6685, $1.6710

EUR/GBP stg0.8220

AUD/USD $0.9270, $0.9300

USD/CAD C$1.0925, C$1.1030, C$1.1065, C$1.1075, C$1.1100, C$1.1110

USD/CHF Chf0.8850

NZD/USD $0.8600, $0.8675, $0.870

EUR/USD

Offers $1.3880-85, $1.3860/65,  $1.3845/50, $1.3815-30

Bids  $1.3780, $1.3765/55

GBP/USD

Offers  $1.6900, $1.6870/80, $1.6840/50

Bids $1.6785/80, $1.6770-50, $1.6680

AUD/USD

Offers  $0.9450, $0.9395/00, $0.9380

Bids  $0.9325/20, $0.9305/00, $0.9250

EUR/JPY

Offers  Y142.50, Y142.00

Bids  Y141.20, Y141.00, Y140.50

USD/JPY

Offers  Y103.50, Y102.95/00

Bids Y102.20, Y102.00, Y101.85/80, Y101.55/50

Offers  stg0.8330/35, stg0.8235/40

Bids  stg0.8200, stg0.8190-80, stg0.8150

EUR/USD $1.3700, $1.3710, $1.3760/65, $1.3780, $1.3800, $1.3850

AUD/USD $0.9270, $0.9300

USD/CAD Cad1.0925, Cad1.1030, Cad1.1075, Cad1.1100, Cad1.1110

GBP/USD $1.6685, $1.6710

USD/CHF Chf0.8850

NZD/USD NZ$0.8675, NZ$0.8700

Economic calendar (GMT0):

00:00 Australia Conference Board Australia Leading Index   February          +0.2%               +0.3%

The U.S. dollar rose to two-week highs against the yen. Japan’s trade deficit caused this development.

The New Zealand dollar declined ahead the Reserve Bank of New Zealand interest rate decision on Thursday. The Reserve Bank of New Zealand could increase interest rate by 25 basis points to 3.0%. The increase of interest rate could be questioned after the weaker-than-expected inflation figures last week. The statement of the New Zealand’s central bank could play an important role.

The Australian dollar increased against the most major currencies while the markets are awaiting the inflation data publication tomorrow. There is speculation that the Reserve Bank of Australia could raise interest rates. The forecast for the Australian annual inflation in the first quarter of the year is 3.2%, the highest rise in over two years. This figure exceeds the inflation target of the Reserve Bank of Australia (target: 2-3%).

The Japanese Yen dropped against the U.S. dollar and the euro after Japan’s trade deficit rose. Japan’s trade deficit declined to US$14 billion in March. New quantitative stimulus measures are expected by the market participants.

EUR/USD: the currency pair was traded in the range $1.3790-00

GBP/USD: the currency pair was traded in the range $1.6785-95

USD/JPY: the currency pair reached Y102.70

The most important news that are expected (GMT0):