Forex-novosti i prognoze od 26-06-2012

Most European stocks declined as demand fell at a Spanish debt auction, U.S. consumer confidence sank to a five-month low and Germany criticized European Union proposals to address the financial crisis for putting too much emphasis on debt sharing.

Demand declined and yields rose at an auction of Spanish debt. Spain sold three-month bills at an average 2.362 percent, compared with 0.846 percent at the last auction on May 22, and six-month bills at an average rate of 3.237 percent, compared with 1.737 percent last month. Demand for the three-month securities was 2.6 times the amount sold, compared with 3.95 times in May, while the bid-to-cover ratio for the six-month bills was 2.82 compared with 4.3.

FTSE 100 5,446.96 -3.69 -0.07%, CAC 40 3,012.71 -8.93 -0.30%, DAX 6,136.69 +4.30 +0.07%

Infineon Technologies AG tumbled the most in three years after cutting its sales forecast.

Bayerische Motoren Werke AG slid 2.6 percent as Citigroup Inc. downgraded the world’s biggest maker of luxury vehicles.

The euro fell to the lowest level in more than a week against the yen as Spanish and Italian borrowing costs rose amid concern a European Union summit this week will fail to solve the sovereign-debt crisis.

Italy sold 2.99 billion euros of zero-coupon notes due in May 2014 at a yield of 4.71 percent, more than the 4.04 percent paid on May 28. Spain auctioned 3.08 billion euros of bills, with three-month securities yielding 2.36 percent, compared with 0.85 percent at the previous auction.

Moody’s Investors Service downgraded 28 Spanish banks yesterday, citing the country’s sovereign debt and rising real estate losses.

The 17-nation currency slid against the dollar, reaching its lowest point since June 8, after German Chancellor Angela Merkel was quoted saying she expects no shared debt liability in her lifetime.

The greenback weakened against the yen after a report showed that U.S. consumer confidence fell for a fourth month in June, reaching a five-month low. Japan’s currency strengthened versus most of its major peers on haven appeal.

U.S. stocks advanced, rebounding from yesterday’s global selloff in equities, as optimism about housing data tempered concern about Europe’s debt crisis.

Equities rose as residential real estate prices fell in April at the slowest pace in more than a year, adding to signs the U.S. housing market is firming. Confidence among U.S. consumers dropped in June for a fourth consecutive month.

Concern about the euro zone’s debt crisis grew ahead of a European Unit summit on June 28. Spanish and Italian bonds fell as borrowing costs increased at debt sales. German Chancellor Angela Merkel said Europe won’t have shared total liability for debt as long as she lives, according to Reuters, which cited people at a meeting of German coalition parties.

News Corp. rallied 6.1 percent to $21.31. Murdoch, the chairman and CEO, is overseeing internal discussions on whether to separate the company’s publishing business from its entertainment holdings, said two people with knowledge of the matter, who asked not to be identified because a decision isn’t final. In a statement today, News Corp. didn’t say how the company would be divided.

Apollo advanced 8 percent to $35.07 for the largest gain in the Bloomberg U.S. For-Profit Education Index. The company, confronting student reluctance to take on debt amid high unemployment and government investigations of for-profit colleges’ marketing practices, reined in costs during the quarter, said Peter Appert, an analyst at Piper Jaffray & Co.

Dow Chemical Co. slid 1.3 percent to $31.84. The largest U.S. chemical company by revenue was downgraded to neutral from overweight at JPMorgan by equity analyst Jeffrey Zekauskas. The 18-month share-price estimate is $36.

JPMorgan Chase & Co. (JPM) had its recommendation raised and Morgan Stanley (MS) was lowered by analysts at Goldman Sachs Group Inc. who said they have a better view of the near-term earnings outlook for JPMorgan. Shares of JPMorgan increased 1.6 percent to $35.89, while Morgan Stanley added 1 percent to $13.62.

The price of gold down on Tuesday after the uncertainty in the European economy has caused an increase in demand for more robust U.S. currency, reducing the appeal of precious metals for investors.

On the eve of the countries of the eurozone is already receiving financial help to support the economy, joined by Spain, has sent an official request to the Eurogroup, and Cyprus. According to the authorities of Cyprus, external financial support will help limit the risks to the financial system posed by the crisis in Greece.

Little effect on the metal market has statistics from the U.S., according to which the index of consumer confidence in the economy in June down to 62 points from the revised downwards in the figure for May 64.4 points. The reduction was greater than analysts had forecast.

The June gold futures on the COMEX today fell to 1567.7 dollars per ounce.

World oil prices fluctuate on Tuesday amid fears of debt crisis in Europe and the statistical data from the U.S.

Bidders disappointing news from Europe. So, before Spain formally filed a request in the Eurogroup to provide the country financial help to recapitalize its banking sector. Followed by Spain, on Monday asked for help, and Cyprus, becoming the fifth European country to ask the authorities of the EU's external financial support.

Investor sentiment and influenced by statistical data from the U.S.. So, in April, the cumulative index of house prices S & P / Case-Shiller, calculated for the 20 largest U.S. cities for the first time since autumn last year grew by 1.3%, resulting in a slower decline rate in annual terms to 1.9% with 2 and 6%. Analysts had expected the reduction rate in annual terms by 2.5%.

Oil for August delivery traded at a range of $78.36 - $79,68  a barrel on the New York Mercantile Exchange. Prices have fallen 24 percent this quarter, the biggest drop since the final three months of 2008.

Brent crude for August settlement rose 23 cents to $91.24 on the London-based ICE Futures Europe exchange. Brent’s premium to West Texas Intermediate widened for the third straight day, rising to $12.68.

Resistance of 3:1340 (Jun 20 low)

Resistance of 2:1330 (Jun 22 high, MA (200) for H1)

Resistance of 1:1317 (earlier support, Jun 21-22 lows)

Current Price: 1308.25

Support 1:1302 (Jun 25 low)

Support 2:1298 (Jun 8 and 12 lows)

Support 3:1265 (low of June)

USD/JPY Y79.25, Y79.50, Y80.00, Y80.50

EUR/USD $1.2450, $1.2500, $1.2525, $1.2675

GBP/USD $1.5600, $1.5650

USD/CHF Chf0.9650

AUD/USD $0.9975, $1.0000, $1.0050, $1.0200

US Stock futures rose ahead of the U.S. market open, a quiet start after Monday's broad global sell-off and trouble in Europe.

Data on home prices in April fell 2.2%. The median estimate of economists was for a decline of 2.4% in the Case-Shiller home-price index.

At 14:00 GMT consumer confidence index for June is expected to post a slight decline, to 64 from 64.9, and a manufacturing survey from the Richmond Federal Reserve is due.

Global Stocks:

Nikkei 8,663.99 -70.63 -0.81%

Hang Seng 18,981.84 +84.39 +0.45%

Shanghai Composite 2,222.07 -2.05 -0.09%

FTSE 5,459.63 +8.98 +0.16%

CAC 3,020.1 -1.54 -0.05%

DAX 6,129.01 -3.38 -0.06%

Crude oil $79.34 (+0.16%)

$1577.30 (-0.70%)

Data:

06:00 Switzerland UBS Consumption Indicator May 1.41 1.05

06:00 Germany Gfk Consumer Confidence Survey July 5.7 5.7 5.8

06:45 France Consumer confidence June 90 89 90

08:30 United Kingdom PSNB, bln May -18.8 13.1 15.5

The euro fell  as Spanish and Italian borrowing costs rose at debt sales amid concern a European Union summit this week will fail to solve the sovereign debt crisis.

The greenback weakened against the yen before a report economists said will show U.S. consumer confidence fell for a fourth month in June.

Italy sold 2.99 billion euros of zero-coupon notes due in May 2014 today at a yield of 4.71%, more than the 4.04% paid on May 28. Spain auctioned 3.08 billion euros of bills, with three-month securities yielding 2.36%, compared with 0.85% at the previous auction.

Spain formally requested a bailout for its banks yesterday, and Cyprus also sought a financial lifeline from the euro area’s firewall funds, becoming the fourth and fifth of the currency union’s 17 member states to require external aid.

Moody’s Investors Service downgraded 28 Spanish banks yesterday, citing the country’s sovereign debt and rising real estate losses.

‘Disappointing Outcome’

The two-day EU summit in Brussels starting June 28 is the first meeting of European leaders since Greek parliamentary elections on June 17 that saw victories for pro-bailout parties. France and Italy are urging Germany to take decisive action to end the debt crisis, now in its third year.

EUR/USD: during the European session the pair consolidated under $1.2470 - $1.2530.

GBP/USD: pair showed high at $ 1.5650, but later retreated.

USD/JPY: pair fell in ​​Y79.30 area.

US data continues at 1300GMT with the latest S&P/Case-Shiller Home Price Index. At 1400GMT, the Conference Board's index of consumer confidence is expected to fall further to a reading of 63.0 in June after falling to 64.9 in May. The Richmond Fed Manufacturing Index is also due at the  same time, and is followed at 1430GMT by the Dallas Fed Services Outlook Survey.

EUR/USD
Offers $1.2620/30, $1.2600, $1.2580/85, $1.2560/50
Bids $1.2480, $1.2455/50, $1.2425

GBP/USD
Offers $1.5750/55, $1.5695/00, $1.5670/75
Bids $1.5595/90, $1.5550, $1.5525/20, $1.5500

AUD/USD
Orders $1.0150,  $1.0125/30, $1.0100
Bids $1.0000, $0.9980, $0.9970/65, $0.9950

USD/JPY
Orders Y80.30/40, Y80.00, Y79.65/70
Bids Y79.00, Y78.50

EUR/JPY
Orders Y100.75/80, Y100.50, Y100.35/40, Y100.15/20, Y100.00, Y99.55/60
Bids Y98.50, Y98.00, Y97.75/70, Y97.50

EUR/GBP
Orders stg0.8100, stg0.8075/90, stg0.8045/50
Bids stg0.7965/60, stg0.7950, stg0.7900

Resistance 3: Y80.55 (MA (100) for D1, highs of May and June)

Resistance 2: Y79.80 (session high, MA (100) for H1)

Resistance 1: Y79.45 (MA (200) for H1)

Current price: Y79.34

Support 1: Y78.80 (Jun 20 low)

Support 2: Y78.60 (Jun 15 low)

Support 3: Y78.10 (Jun 5 low)

Resistance 3: Chf0.9680 (area of Jun 4-5 highs)
Resistance 2: Chf0.9650 (Jun 12 high)
Resistance 1: Chf0.9630 (session high)
Current price: Chf0.9609
Support 1: Chf0.9580 (session low)
Support 2: Chf0.9545 (Jun 22 low, MA (100) for H1)
Support 3: Chf0.9530 (MA (200) for H1)

Resistance 3: $ 1.5780 (Jun 20 high, 50,0% FIBO $ 1,6300 - $ 1,5260)
Resistance 2: $ 1.5730 (Jun 21 high)
Resistance 1: $ 1.5650 (session high)
Current Price: $ 1.5634
Support 1: $ 1.5590 (earlier resistance, Jun 25 high, intraday low)
Support 2: $ 1.5540 (Jun 25 low)
Support 3: $ 1.5470 (Jun 14-15 lows)

Resistance 3: $ 1.2600 (MA (200) for H1)
Resistance 2: $ 1.2580 (MA (100) for H1, Jun 25 high)
Resistance 1: $ 1.2530 (session high)
Current Price: $ 1.2495
Support 1: $ 1.2470 (Jun 25 low)
Support 2: $ 1.2440 (Jun 12 low)
Support 3: $ 1.2410 (Jun 5 low)

USD/JPY Y79.25, Y79.50, Y80.00, Y80.50

EUR/USD $1.2450, $1.2500, $1.2525, $1.2675

GBP/USD $1.5600, $1.5650

USD/CHF Chf0.9650

AUD/USD $0.9975, $1.0000, $1.0050, $1.0200

Sold E2.991bln vs target E2.0bln-E3.0bln

Sold E2.991bln May 2014 CTZ;avg yield 4.712% (4.04%),cover 1.65 (1.8)

Asian stocks fell for a fourth day on concern a meeting of European Union leaders this week will fail to tame the region’s debt crisis and as HSBC Holdings Plc joined Citigroup Inc. in cutting growth forecasts for China.

Nikkei 225 8,663.99 -70.63 -0.81%

S&P/ASX 200 4,013.3 -14.51 -0.36%

Shanghai Composite 2,218.32 -5.79 -0.26%

BHP Billiton Ltd., the world’s largest mining company, slid 1.4 percent as investors sold shares with earnings tied to economic growth.

Nippon Sheet Glass Co., the company on Japan’s Nikkei 225 Stock Average that relies most on Europe for sales, fell 4.5 percent.

Whitehaven Coal Ltd. climbed 3 percent as the Australian Financial Review reported that billionaire Nathan Tinkler may unveil an offer of more than $5 billion for the coal producer as soon as next week.

Sold E3.078bln vs target E2.0-E3.0bln

E1.6bln 3-month T-bill; bid-to-cover 2.60 (3.95)

E1.477bln 6-month T-bill; bid-to-cover 2.82 (4.30)

Sold 3-month T-bill at avg yield 2.362% vs 0.846% prev

Sold 6-month T-bill at avg yield 3.327% vs 1.787% prev

02:00 China Leading Index May +0.8% +1.1%

03:50 Australia RBA Assist Gov Debelle Speaks

Yesterday the euro weakens on expectations the European summit, which should take place at the end of the week, and due to the fact that Italy and Spain are preparing to sell debt amid fears the financial crisis in Europe.

The decrease in the euro also contributed to the information that German Chancellor Angela Merkel rejected the joint evrobloka for bonds and bills. Also, she was opposed to funding the European authorities in Cyprus.

The yen strengthened, as the increased demand for the assets of the asylum, and fell to the share price.

Commodity currencies such as Canadian and Australian dollar dropped against most major currencies as crude oil futures fell.

Billionaire investor George Soros' stated that there is disagreement on the financial side, and if they are not resolved within the next three days, that the summit could fail, leading to death.

In accordance with State Street Corp euro is likely to fall to $ 1.20 by the end of the year, as the debt crisis worsens in Europe. Investors should sell the euro and buy the U.S. dollar. The dollar will strengthen, as the prospect of further asset purchases by the Federal Reserve less likely.

Asian stocks fell as UBS AG cut its profit outlook for BHP Billiton Ltd. and the Bank for International Settlements said central banks are facing the limit of their ability to boost economic growth.

Nikkei 225 8,734.62 -63.73 -0.72%

S&P/ASX 200 4,027.8 -20.41 -0.50%

Shanghai Composite 2,224.2 -36.68 -1.62%

BHP Billiton, the world’s largest mining company, led materials companies lower, sliding 1.4 percent.

Samsung Electronics Co. fell 4.2 percent, dragging technology stocks lower, as the world’s top mobile-phone maker investigated a complaint that one of its smartphones caught fire.

Billabong International Ltd., Australia’s largest surf-wear maker, slumped 34 percent after selling A$155 million ($155 million) of new shares.

Resistance 3: Y80.65 (Jun 25 high)

Resistance 2: Y80.00 (Apr 22 low, psychological level)

Resistance 1: Y79.80 (session high)

Current price: Y79.52

Support 1: Y79.40 (Jun 21 low)

Support 2: Y79.15 (Jun 19 high)

Support 3: Y78.80 (Jun 20 low)

Resistance 3: Chf0.9700 (psychological level)

Resistance 2: Chf0.9650/55 (area of Jun 8-12 highs)

Resistance 1: Chf0.9630 (Jun 25 high)

Current price: Chf0.9606

Support 1: Chf0.9585 (session low)

Support 2: Chf0.9540 (Jun 22 low)

Support 3: Chf0.9500 (Jun 20 high)

Resistance 3: $ 1.5655 (Jun 20 low)

Resistance 2: $ 1.5635 (Jun 22 high)

Resistance 1: $ 1.5590 (Jun 25 high, session high)

Current Price: $ 1.5572

Support 1: $ 1.5535 (Jun 25 low)

Support 2: $ 1.5510 (low of U.S. session Jun 15)

Support 3: $ 1.5470/75 (area of Jun 14-15 low)

Resistance 3: $ 1.2635 (Jun 20 low)

Resistance 2: $ 1.2585 (Jun 22 high)

Resistance 1: $ 1.2525 (session high)

Current Price: $ 1.2502

Support 1: $ 1.2470 (Jun 25 low)

Support 2: $ 1.2435/45 (area of Jun 8-12 lows)

Support 3: $ 1.2405 (Jun 5 low)

Change % Change Last

Oil $78.95 -0.97 -1.21%

Gold $1,584.20 -4.20 -0.26%

Change % Change Last

Nikkei 225 8,734.62 -63.73 -0.72%

S&P/ASX 200 4,027.8 -20.41 -0.50%

Shanghai Composite 2,224.2 -36.68 -1.62%

FTSE 100 5,450.65 -63.04 -1.14%

CAC 40 3,021.64 -69.26 -2.24%

Xetra DAX 6,132.39 -130.86 -2.09%

S&P 500 1,313.72 -21.30 -1.60%

NASDAQ Composite 2,836.16 -56.26 -1.95%

Dow Jones 12,502.66 -138.12 -1.09%

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

EUR/USD $1,2501 -0,54%

GBP/USD $1,5569 -0,10%

USD/CHF Chf0,9605 +0,55%

USD/JPY Y79,65 -0,97%

EUR/JPY Y99,55 -1,55%

GBP/JPY Y123,98 -1,11%

AUD/USD $1,0006 -0,56%

NZD/USD $0,7873 -0,38%

USD/CAD C$1,0291 +0,46%

02:00 China Leading Index May +0.8%

03:50 Australia RBA Assist Gov Debelle Speaks -

06:00 Switzerland UBS Consumption Indicator May 1.41

06:00 Germany Gfk Consumer Confidence Survey July 5.7 5.7

06:45 France Consumer confidence June 90 89

08:30 United Kingdom PSNB, bln May -18.8 13.1

09:00 United Kingdom Inflation Report Hearings Quarter II

09:00 United Kingdom BOE Gov King Speaks -

09:00 United Kingdom MPC Member Miles Speaks -

09:00 United Kingdom MPC Member Dr Ben Broadbent Speaks -

13:00 U.S. Factory Orders April -2.6% -2.4%

14:00 U.S. Consumer confidence June 64.9 64.0

14:00 U.S. Richmond Fed Manufacturing Index June 4 5

22:45 New Zealand Trade Balance May 355 310