Forex-novosti i prognoze od 07-06-2012

European stocks rallied, completing their biggest two-day gain since November, after China cut interest rates, adding to speculation that policy makers around the world will take steps to revive growth.

China cut interest rates for the first time since 2008, increasing its efforts to combat a deepening economic slowdown. The one-year deposit rate will drop to 3.25 percent from 3.5 percent with effect from tomorrow and the one-year lending rate will fall to 6.31 percent from 6.56 percent, the People’s Bank of China said on its website today.

The Bank of England today left its asset-purchase program on hold as the threat from above-target inflation overrode policy makers’ concern that the euro area’s debt crisis has weakened U.K. economic growth.

National benchmark indexes climbed in every western- European market that opened today except Portugal. Germany’s DAX rose 0.8 percent and the U.K.’s FTSE 100 gained 1.2 percent. France’s CAC 40 climbed 0.4 percent. Austria’s market was closed for a public holiday.

A gauge of mining companies surged 2.5 percent for the biggest advance on the Stoxx 600 after China’s central bank cuts its benchmark interest rates. Rio Tinto, the world’s third- largest mining company, increased 4 percent to 3,015 pence, while Anglo American climbed 2 percent to 2,133 pence. Xstrata Plc gained 3 percent to 966.8 pence.

Santander SA added 1.7 percent to 4.78 euros in Madrid after Spain’s bond auction helped ease concern about financing the region’s third-biggest budget deficit. Banco Bilbao Vizcaya Argentaria SA increased 1.2 percent to 5.10 euros and Banco de Sabadell SA rose 1.6 percent to 1.37 euros.

The yen fell against all its major counterparts after China cut its key interest rates for the first time since 2008, damping appetite for refuge assets. China’s benchmark one-year deposit rate will drop by 0.25 percentage point effective tomorrow, the People’s Bank of China said on its website. The one-year lending rate will also be cut by 0.25 percentage point, it said.

The Dollar Index pared losses as Federal Reserve Chairman Ben S. Bernanke refrained from signaling additional steps the central bank might take to spur growth, during congressional testimony. Bernanke said the economy is at risk from Europe’s debt crisis and the prospect of fiscal tightening in the U.S., while not signaling additional monetary easing.

The euro earlier touched to a two-week high versus the dollar earlier as German Chancellor Angela Merkel said the nation is ready to back euro-area financial instruments.

The pound strengthened to a one-week high against the dollar and gilts fell after the Bank of England kept its stimulus program unchanged and China cut borrowing costs to boost growth. Sterling rose versus all except one of its 16 major counterparts after a report showed U.K. services grew more in May than analysts forecast. Policy makers held the bond-purchase program at 325 billion pounds ($505 billion) and their benchmark rate at a record-low 0.5 percent.

U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a fourth straight day, after China cut interest rates for

the first time since 2008 to bolster growth in the world’s second-largest economy.

Equities pared their rally as Federal Reserve Chairman Ben S. Bernanke said the central bank will assess the economy before deciding if more stimulus is needed.

Equities rallied as China’s move fanned optimism about global policy action. Stocks pared gains as Bernanke said that further rounds of stimulus could boost the economy, yet may have “diminishing returns.” He said the economy is at risk from Europe’s crisis and the prospect of fiscal tightening.

Nine out of 10 groups in the S&P 500 advanced as industrial and commodity shares had the biggest gains. Caterpillar (САТ), the world’s largest maker of construction equipment, added 2 percent to $88.42. Home Depot (HD) increased 1.7 percent to $51.44.

Pall Corp. retreated 4.7 percent to $52.08. The maker of filtration and separation products posted third-quarter earnings that lagged behind analysts’ estimates.

Lululemon Athletica Inc. dropped 9.7 percent to $63.26. The Vancouver-based yoga-wear retailer projected full-year earnings and sales that trailed analysts’ estimates.

Oil fell after Federal Reserve Chairman Ben S. Bernanke said the economy is at risk from Europe’s debt crisis and the prospect of fiscal tightening, tempering optimism over a cut in Chinese interest rates.

Futures slipped as Bernanke refrained from discussing steps the Fed might take to boost growth in testimony before Congress today. Crude rose as much as 2.4 percent earlier when the People’s Bank of China said that the benchmark one-year deposit rate will drop by 0.25 percentage point starting tomorrow.

Crude oil for July delivery dropped 29 cents, or 0.3 percent, to $84.73 a barrel on the New York Mercantile Exchange. The contract touched $87.03, the highest intraday price since May 31. Futures are down 14 percent this year.

Brent oil for July settlement declined 70 cents, or 0.7 percent, to $99.94 a barrel on the London-based ICE Futures Europe exchange.

Gold prices have gone down to the lack of background in a speech by Fed Chairman Ben Bernanke, speaking in Congress, the controller signals the intention to take additional measures to stimulate the economy.
According to Bernanke, European debt crisis has increased markedly over the past two months, and the situation in the U.S. labor market and real estate remains difficult. The Fed has several tools to support the economy, which the controller is ready to apply in the event of further deterioration of the situation, but so far no concrete steps are not official announced. Investors continue to expect the outcome of the Fed meeting to be held later in June.
Earlier Thursday, investors win back the message to the U.S. Labor weekly number of applications for unemployment, which fell by 12,000 to 377,000, while analysts expected a decrease in the number of applications only three thousand.
In addition, markets with perceived positive solution of the Central Bank of China for the first time since 2008 to lower interest rates on deposits and loans for 1 year by 0.25 percentage points - to 3.25% from 3.5% to 6.31% from 6.56 %, respectively.
June gold futures on the COMEX fell to 1582.0 dollars per ounce. Earlier Thursday, precious metals rose in price up to 1627.20 dollars per ounce.

Resistance 3:1355 (МА (55) for D1)

Resistance 2:1334 (area of May 29-30 highs)

Resistance 1:1322 (session high)

Current price: 1315.50

Support 1:1305 (МА (200) for Н1)

Support 2:1290 (Jun 6 low)

Support 3:1265 (Jun 4 low)

EUR/USD $.1.2500, $1.2525, $1.2420, $1.2400

USD/JPY Y78.70, Y79.00, Y79.50

EUR/JPY Y99.00

EUR/GBP stg0.8040, stg0.8050, stg0.8060, stg0.8100

AUD/USD $0.9800

U.S. stock futures rose as China cut interest rates for the first time since 2008 to bolster growth in the world’s second-largest economy.

Global Stocks:

Nikkei  8,639.72 +106.19 +1.24%

Hang Seng 18,678.29 +157.76 +0.85%

Shanghai Composite 2,293.13 -16.43 -0.71%

FTSE  5,462.51 +78.40 +1.46%

CAC  3,087.64 +29.20 +0.95%

DAX 6,181.28 +87.29 +1.43%

Crude oil $86.51 (+1.75%)

Gold $1624.70 (-0.58%)

Data:

05:45 Switzerland Unemployment Rate May 3.1% 3.2% 3.2%

07:00 United Kingdom Halifax house price index May -2.4% +0.5%

07:00 United Kingdom Halifax house price index 3m Y/Y May -0.5% -0.1%

07:00 Switzerland Foreign Currency Reserves May 235.6 303.8

07:15 Switzerland Consumer Price Index (MoM) May +0.1% +0.1% 0.0%

07:15 Switzerland Consumer Price Index (YoY) May -1.0% -1.0% -1.0%

08:30 United Kingdom Purchasing Manager Index Services May 53.3 52.7 53.3

11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50% 0.50%

EUR/USD

Offers $1.2690/700, $1.2650, $1.2625 

Bids $1.2530/20, $1.2500, $1.2475/70, $1.2440, $1.2410/00, $1.2385/80, $1.2360

GBP/USD

Offers $1.5580

Bids $1.5470, $1.5450

Resistance 3: Y80.15 (May 22 high)
Resistance 2: Y79.80 (May 25 high)
Resistance 1: Y79.50 (session high)
Current price: Y79.33
Support 1: Y78.90 (МА (200) for Н1)
Support 2: Y78.60 (МА (100) for Н1)
Support 3: Y78.10 (May 5 low)

Resistance 3: Chf0.9665/75 (Jun 5 high)

Resistance 2: Chf0.9630 (МА (100) for Н1 and МА (200) for Н1)

Resistance 1: Chf0.9580 (session high)

Current price: Chf0.9558

Support 1: Chf0.9530 (area of May 24-28 lows)

Support 2: Chf0.9490 (38,2 % FIBO Chf0,9040-Chf0,9780)

Support 3: Chf0.9400 (50,0 % FIBO Chf0,9040-Chf0,9780)

Resistance 3 : $1.5720 (area of May 24, 28-29 highs)

Resistance 2 : $1.5660 (38,2 % FIBO $1.6300-$ 1.5260)

Resistance 1 : $1.5520 (session high, May 31 and Jun 6 highs)

Current price: $1.5487

Support 1 : $1.5430 (session low)

Support 2 : $1.5400 (МА (100) for Н1)

Support 3 : $1.5320 (Jun 5 low)

Resistance 3 : $1.2780 (50.0 % FIBO $1,3280-$ 1,2280)
Resistance 2 : $1.2670 (38,2 % FIBO $1,3280-$ 1,2280)
Resistance 1 : $1.2620 (May 24 and 28 highs)
Current price: $1.2586
Support 1 : $1.2540 (session low)
Support 2 : $1.2470 (МА (200) for Н1, МА (100) for Н1)
Support 3 : $1.2410 (Jun 5 low)

EUR/USD $.1.2500, $1.2525, $1.2420, $1.2400

USD/JPY Y78.70, Y79.00, Y79.50

EUR/JPY Y99.00

EUR/GBP stg0.8040, stg0.8050, stg0.8060, stg0.8100

AUD/USD $0.9800

Asian stocks climbed, with the benchmark regional gauge heading for its biggest three-day gain this year, as global policy makers signaled they may take steps to stimulate economic growth.

Nikkei 225 8,639.72 +106.19 +1.24%

S&P/ASX 200 4,108.6 +53.31 +1.31%

Shanghai Composite 2,293.13 -16.43 -0.71%

BHP Billiton Ltd., the world’s largest mining company, advanced 1.5 percent in Sydney as Australian employment unexpectedly rose in May, driven by hiring amid the nation’s minerals boom.

Mitsubishi Corp., the No. 1 Japanese trading house, rose 1.2 percent and Komatsu Ltd., a mining-equipment maker, gained 2.1 percent in Tokyo as investors bought shares of companies with profits closely tied to economic growth.

01:30 Australia Changing the number of employed May 15.5 0.9 38.9

01:30 Australia Unemployment rate May 4.9% 5.1% 5.1%

05:00 Japan Leading Economic Index April 96.4 95.2 95.1

05:00 Japan Coincident Index April 96.4 96.5 96.5

Yesterday the euro rose for a fourth day against the yen as European Central Bank president Mario Draghi said policy makers were “ready to act” after leaving their benchmark rate at a record low. The ECB’s Draghi told a press conference in Frankfurt that officials will extend their offerings of unlimited cash to banks until the start of 2013 for periods up to three months as they endeavor to counter risks stemming from the region’s debt crisis.

The 17-nation euro strengthened to almost a one-week high against the dollar amid speculation the world’s leading economies will collaborate on a response to Europe’s debt crisis.

The dollar and yen fell against most of their major counterparts amid reduced demand for safer assets.

Australia’s dollar rose as the nation’s economic growth exceeded forecasts and investors sought higher-yielding currencies. The Australian economy expanded 1.3 percent in the first three months of this year from the fourth quarter, the Bureau of Statistics said. That’s the fastest pace since the period ended June last year.

Asian stocks rose, with the MSCI Asia-Pacific Index heading for its biggest two-day advance in five months, as reports showed Australia’s economy expanded twice as fast as economists estimated and U.S. service industries grew.

Nikkei 225 8,533.53 +151.53 +1.81%

S&P/ASX 200 4,055.3 +11.61 +0.29%

Shanghai Composite 2,302.53 -9.39 -0.41%

Westfield Group, the world’s biggest shopping center operator by assets, advanced 3.5 percent in Sydney.

Sharp Corp., Japan’s largest maker of liquid-crystal displays, rose 6.9 percent.

Tokyo Derica Co., which sells women’s leather handbags, surged 17 percent after canceling a share sale.

Resistance 3: Chf0.9675/95 (area of Jun 4-5 highs)

Resistance 2: Chf0.9650 (Jun 6 high)

Resistance 1: Chf0.9575 (Jun 5 low)

The current price: Chf0.9559

Support 1: Chf0.9540 (Jun 6 low)

Support 2: Chf0.9525 (May 28 low)

Support 3: Chf0.9465 (May 23 low)

Resistance 3 : $1.5645 (May 30 high)

Resistance 2 : $1.5615 (high of the American session on May 30)

Resistance 1 : $1.5515 (Jun 6 high)

The current price: $1.5472

Support 1 : $1.5440 (Jun 1 high)

Support 2 : $1.5370 (Jun 6 low)

Support 3 : $1.5320 (Jun 5 low)

Resistance 3 : $1.2685 (May 23 high)

Resistance 2 : $1.2620/25 (area of May 24-28 high)

Resistance 1 : $1.2585 (session high)

The current price: $1.2557

Support 1 : $1.2540 (Jun 5 high)

Support 2 : $1.2440 (Jun 6 low)

Support 3 : $1.2385/05 (area of Jun 4-5 lows)

Change % Change Last

Gold 1,618 +4 +0.27%

Oil 84.07 +0.09 +0.11%

Change % Change Last

Nikkei 225 8,533.53 +151.53 +1.81%

S&P/ASX 200 4,055.3 +11.61 +0.29%

Shanghai Composite 2,302.53 -9.39 -0.41%

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

EUR/USD $1,2577 +1,01%

GBP/USD $1,5488 +0,73%

USD/CHF Chf0,9547 -1,02%

USD/JPY Y79,25 +0,88%

EUR/JPY Y99,68 +1,65%

GBP/JPY Y122,73 +1,36%

AUD/USD $0,9917 +1,74%

NZD/USD $0,7701 +1,78%

USD/CAD C$1,0277 -0,98%

01:30 Australia Changing the number of employed May 15.5 0.9

01:30 Australia Unemployment rate May 4.9% 5.1%

05:00 Japan Leading Economic Index April 96.4 95.2

05:00 Japan Coincident Index April 96.4 96.5

05:45 Switzerland Unemployment Rate May 3.1% 3.2%

07:00 United Kingdom Halifax house price index May -2.4%

07:00 United Kingdom Halifax house price index 3m Y/Y May -0.5%

07:00 Switzerland Foreign Currency Reserves May 235.6

07:15 Switzerland Consumer Price Index (MoM) May +0.1% +0.1%

07:15 Switzerland Consumer Price Index (YoY) May -1.0% -1.0%

08:30 United Kingdom Purchasing Manager Index Services May 53.3 52.7

11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50%

11:00 United Kingdom MPC Rate Statement -

12:30 U.S. Initial Jobless Claims - 383 385

14:00 Canada Ivey Purchasing Managers Index May 52.7 51.8

14:00 U.S. Fed Chairman Bernanke Testifies -

16:10 U.S. FOMC Member Dennis Lockhart Speaks -

19:00 U.S. Consumer Credit April 21.4 10.6

19:30 U.S. FOMC Member Richard Fisher Speaks -

23:50 Japan Current Account Total, bln April 785.5 616.2

23:50 Japan GDP, q/q (finally) Quarter I -0.2% +1.1%

23:50 Japan GDP, y/y (finally) Quarter I +2.6%