Forex-novosti i prognoze od 28-08-2012

The euro rose for the first time in three days against the dollar after the European Union President Herman Van Rompuy said that the rescue fund in the region ready for quick action to help Spanish banks. At the same time, the Prime Minister of Spain said that Spanish banks will need help in the amount of at least 100 billion euros on the most pressing problems.

The single currency rose from one-week low against the yen after European Central Bank President Mario Draghi has canceled his trip to the annual symposium in Jackson Hole. Also today it was announced that Spain sold three-month and six-month treasury bills for a total of 3.607 billion euros against the planned 2.5-3.5 billion euro on speculation that the European Central Bank is preparing measures to combat the debt crisis.

The New Zealand dollar fell against most major currencies after the dairy exporter Fonterra Cooperative Group has cut its forecast for the payments to farmers.

The Australian dollar touched its lowest level in a month after data added concerns that global economic growth will weaken. Also today, it was reported that new home sales in Australia fell in July for the first time in four months. But the loss of Australian and New Zealand dollar will likely be limited to speech Fed Chairman Ben Bernanke at a symposium in Jackson Hole.

The dollar index, which tracks the dollar against six major currencies, the U.S., fell 0.2% to 81.479. The index fell to 81.221 on August 23, its lowest level since Aug. 20.

Canada's dollar rose against its U.S. counterpart on the background of the situation with the supply of oil. Currency strengthened as oil reserves are projected to fall at a time when the tropical storm Isaac went to the Gulf of Mexico. As the situation exacerbated by the fire at the largest refinery in Venezuela. The Canadian dollar was up against the New Zealand dollar as the currency weakened on speculation that the Chinese economy might lapse.

The pound weakened against the euro for the first time in three days on speculation that falling house prices will push the economy deeper into recession, increasing the likelihood that the Bank of England will buy more assets to stimulate economic growth.

European (SXXP) stocks declined to a three- week low, snapping two days of gains, as the Spanish region of Catalonia asked for a bailout from the central government and Japan lowered an assessment of its economy.

G4S Plc (GFS) dropped 2 percent after the security company said that first-half profit slumped 73 percent. Banco Santander SA (SAN) slipped. Vestas Wind Systems A/S (VWS) surged 19 percent after saying it has started talks with Mitsubishi Heavy Industries Ltd. over possible cooperation.

The Stoxx Europe 600 Index slid 0.7 percent to 267.32 at the close, its lowest level since Aug. 6.

Spain’s Catalonia region said it will ask for a 5 billion- euro ($6.3 billion) loan from the country’s central government. The Spanish cabinet approved a fund of as much as 18 billion euros on July 13 to help the most indebted regional governments manage their financial deficits.

Japan’s government downgraded its view on personal consumption, housebuilding, exports, imports and industrial output in the world’s third-largest economy. It also lowered its assessment of the global economy.

Of the 314 companies listed on the Stoxx 600 that have reported first-half net income, 183 have exceeded analysts’ estimates, while 125 have missed them, according to data compiled by Bloomberg.

National benchmark indexes retreated in every western- European market today, except for Iceland and Portugal.

FTSE 100 5,775.71 -0.89 -0.02% CAC 40 3,431.55 -31.28 -0.90% DAX 7,002.68 -44.77 -0.64%

G4S retreated 2 percent to 261 pence. Net income fell to 29 million pounds ($46 million) from 108 million pounds a year earlier after failing to fulfill a staffing contract for the London Olympic and Paralympic Games.

Spanish lenders dragged a gauge of European banks lower. Santander slipped 0.8 percent to 5.57 euros. Banco de Sabadell SA (SAB) fell 0.8 percent to 2.10 euros, while Bankia SA (BKIA), which was nationalized earlier this year, lost 4.2 percent to 1.17 euros.

Vestas jumped 19 percent to 40.19 kroner, its highest price in three months. Speculation that the world’s largest turbine maker may be a bid target rose after the Sunday Times said on July 1 that the company may put itself up for sale.

Ipsen SA (IPN) gained 5 percent to 19.49 euros after reporting first-half sales of 630 million euros, exceeding the average analyst estimate of 607 million euros.

CFAO SA (CFAO) advanced 1.5 percent to 37.45 euros after Toyota Tsusho Corp. offered to buy 70 percent of the French company’s shares for 1.62 billion euros. Toyota Tsusho, the trading arm of Japan’s largest carmaker, already owns 30 percent of CFAO.

Oil rose for the first time in four days on fears that Tropical Storm Isaac will reduce oil production in the Gulf of Mexico and on speculation that U.S. inventories fell to a five-month low.

Futures rose 1.1% after the Bureau of Safety and Environmental Control reported yesterday that about 78% of oil production platforms were closed due to the approaching storm.

Analysts predict that oil is likely to fall by 1.75 million barrels last week, before the publication of the official report tomorrow. If the findings are confirmed, it will be the longest decline since July 2011 and the lowest level since March 23.

It is expected that gasoline inventories fell by 1.45 million barrels, while distillate fuel stockpiles probably rose by 200,000 barrels.

U.S. President Barack Obama said at the White House that the Federal Emergency Management Agency has been in the Gulf of Mexico for a week, and always will be to provide new information regarding the storm Isaac.

October futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now $ 95.85 per barrel.

October futures price of North Sea Brent crude oil mix is ​​now $ 112.15 a barrel on the ICE Futures Europe Exchange.

Gold prices stabilized near its four-month high ahead of a meeting of heads of central banks over the weekend, which is likely to point to the likely course of U.S. monetary policy.

Gold has added 3.1% in August and is on track for its largest monthly increase since January.

Recall that central bankers and finance ministers from around the world to meet in Jackson Hole on August 31 and September 1. Investors expect hints from Fed Chairman Ben Bernanke at the next round of quantitative easing.

Despite the uncertainty, which last week celebrated in the market, investors are gradually increasing their "gold" assets. Also worth noting is that on Friday, stocks gold ETFs reached a record 71.53 million ounces.

The rising cost of precious metals also contributed to concerns about supplies from South Africa, which is the fifth-largest producer of the metal.

The South African Chamber of Mines said on Monday that mining companies affected by demands for higher pay, but the industry will not be able to do this, since the current collective agreement will not expire before June 2013.

The cost of the August gold futures on the COMEX is now 1665.2 dollars per ounce.

EUR/USD $1.2300, $1.2305, $1.2500, $1.2505, $1.2525,

USD/JPY Y78.50, Y79.00

EUR/JPY Y97.35, Y96.50

GBP/USD $1.5750, $1.5770, $1.5775, $1.5780, $1.5800

U.S. stock futures fell amid concern about a worsening of Europe’s debt crisis and as Japan pared its assessment of the economy.
Global Stocks:
Nikkei  9,033.29 -52.10 -0.57%
Hang Seng 19,811.8 +13.13 +0.07%
Shanghai Composite 2,073.15 +17.45 +0.85%
FTSE  5,751.15 -25.45 -0.44%
CAC  3,423.51 -39.32 -1.14%
DAX 6,982.61 -64.84 -0.92%
Crude oil $95.98 +0,53%
Gold $1667.30 -0.50%

Data
01:00 Australia HIA New Home Sales, m/m July +2.8% -5.6%
06:00 Switzerland UBS Consumption Indicator July 1.60 1.55
06:00 Germany Gfk Consumer Confidence Survey September 5.9 5.8 5.9
07:15 Switzerland Employment Level Quarter II 4.05 4.04 4.07
07:15 Switzerland Full time employment level Quarter II 2.79 2.81
08:00 Eurozone M3 money supply, adjusted y/y July +3.2% +3.3% +3.8%

The euro rose for the first time in three days against the dollar after Spain sold three-month and six-month treasury bills for a total of 3.607 billion euros against the planned 2.5-3.5 billion euro on speculation that the European Central Bank is preparing measures to combat debt crisis.
The single currency rose from one-week low against the yen as Spanish Prime Minister Mariano Rajoy prepares to meet with the president of the European Union, Herman Van Rompuy, in an attempt to address the funding of the country.
The pound weakened against the euro for the first time in three days on speculation that falling house prices will push the economy deeper into recession, increasing the likelihood that the Bank of England will buy more assets to stimulate economic growth. The Government's report, which was released on August 24 showed that UK GDP fell by 0.5%, compared with a fall of 0.7%, which was discussed on July 25, showing at the same time the longest decline since 2009. At the same time, the trade balance has decreased by 1% of GDP.
The Australian dollar touched its lowest level in a month after data added concerns that global economic growth will weaken. Also today, it was reported that new home sales in Australia fell in July for the first time in four months. But the loss of Australian and New Zealand dollar will likely be limited to speech Fed Chairman Ben Bernanke at a symposium in Jackson Hole.

EUR/USD: during the European session, the pair rose to a high of $ 1.2560, and then stepped back a bit from the reached values
GBP/USD: pair shows a slight increase, and is trading at the opening of the day
USD/JPY: pair set high at Y78.71, but then declined and is now at Y78.57

At 13:00 GMT the U.S. will index of housing prices in 20 major cities nationwide composite price index of the S & P / CaseShiller for June. At the same time, become aware of any change price index S & P / Case-Shiller U.S. in the second quarter. At 14:00 GMT the U.S. will release the consumer confidence indicator for August. At 20:30 GMT the U.S. to account for changes in the volume of crude oil, according to the API for August

EUR/USD

Offers $1.2610, $1.2600, $1.2590, $1.2570

Bids $1.2525/20, $1.2505/00, $1.2450, $1.2430

AUD/USD

Offers $1.0470/80, $1.0450, $1.0420, $1.0400, $1.0390

Bids $1.0350, $1.0330, $1.0320, $1.0300

EUR/JPY

Offers Y99.50, Y99.20, Y99.00

Bids Y98.25/20, Y97.80, Y97.75/70, Y97.50

USD/JPY

Offers Y79.20, Y79.00, Y78.90, Y78.75/80

Bids Y77.90, Y77.80

European stocks fell after Japan for the first 10 months of lowered its estimate of the economy, which is the third largest in the world. Against this background, U.S. index futures little changed, while Asian shares fell.

The Government of Japan downgraded its view on private consumption, housing, exports, imports and industrial production. It also lowered its estimate of the global economy.

Shares of G4S Plc (GFS) fell 2.1% after the security company said that first-half profit fell by 73%. Lamprell Plc (LAM) lost 1.1%, after it became known that the company posted a loss for the first six months of this year. Shares of Vestas Wind Systems A / S (VWS) rose 17% after it started talks with Mitsubishi Heavy Industries about a possible collaboration.

Also today, the market expects to publish the index of consumer confidence in the U.S., which is likely to show the best value since April. It is expected that the August figure will grow to 66, versus 65.9 last month.

FTSE 100 5,777.82 +1.22 +0.02%

CAC 40 3,445.99 -16.84 -0.49%

EUR/USD $1.2300, $1.2305, $1.2500, $1.2505, $1.2525,

USD/JPY Y78.50, Y79.00

EUR/JPY Y97.35, Y96.50

GBP/USD $1.5750, $1.5770, $1.5775, $1.5780, $1.5800

AUD/USD $1.0375, $1.0450

Asian stocks fell, with the regional benchmark index heading for a three-week low, after Japan downgraded its assessment of the world’s third-biggest economy and as investors await indications of policy direction from the Federal Reserve. Nikkei 225 9,033.29 -52.10 -0.57% S&P/ASX 200 4,359.4 +15.70 +0.36% Shanghai Composite 2,073.45 +17.74 +0.86% China Southern Airlines Co. fell 3.6 percent in Hong Kong as Asia’s biggest carrier by passenger numbers reported first- half profit tumbled. Shikoku Electric Power Co. sank 10 percent in Tokyo after Credit Suisse Group AG rated the stock underperform. Aozora Bank Ltd. surged 14 percent after the Japanese lender unveiled a plan to repay a taxpayer bailout and buy back common stock.

01:00 Australia HIA New Home Sales, m/m July +2.8% -5.6%

Yesterday the euro rose against most major currencies after data released showed that the index of current conditions IFO fell less than some economists predicted, suggesting that the region's largest economy can withstand the sovereign debt crisis. Other submitted data for Germany were slightly below expectations, but in spite of this, the euro rose.

The single currency traded near a seven-week high against the dollar after German Finance Minister Wolfgang Schaeuble said that Germany and France will create a working group to improve the financial and monetary union in the region.

Pound traded in a narrow range, as financial markets in the UK were closed for an official holiday.

The Canadian dollar strengthened against the dollar and rose against most other major currencies, as well as among investors increased appetite for higher-yielding assets.

The Australian dollar touched its lowest level in a month, extending a two-week decline, as concern about global economic growth is the increased demand for higher-yielding assets.

Asian stocks fell, with the regional benchmark index heading for a second day of decline, as a drop in profits at Chinese industrial companies offset optimism policy makers around world will move to boost growth.

Nikkei 225 9,085.39 +14.63 +0.16%

S&P/ASX 200 4,343.7 -5.30 -0.12%

Shanghai Composite -36.40 -1.74%

Jiangxi Copper Co., China’s biggest supplier of the metal, slid 1.9 percent in Hong Kong.

Samsung Electronics Co. slumped 7.5 percent in Seoul after a U.S. jury ruled that the world’s No. 1 maker of smartphones infringed Apple Inc. (AAPL) patents.

Olympus Corp., the world’s largest manufacture of endoscopes, rose 4.4 percent in Tokyo after agreeing to sell unit ITX Corp.’s telecommunications business for 53 billion yen ($673 million).

Change % Change Last

Oil $95.66 +0.19 +0.20%

Change % Change Last

Nikkei 225 9,085.39 +14.63 +0.16%

S&P/ASX 200 4,343.7 -5.30 -0.12%

Shanghai Composite -36.40 -1.74%

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

EUR/USD $1,2497 -0,11%

GBP/USD $1,5788 -0,13%

USD/CHF Chf0,9608 +0,12%

USD/JPY Y78,74 +0,13%

EUR/JPY Y98,41 +0,46%

GBP/JPY Y124,33 -0,02%

AUD/USD $1,0360 -0,41%

NZD/USD $0,8083 -0,33%

USD/CAD C$0,9904 -0,19% 

01:00 Australia HIA New Home Sales, m/m July +2.8% -5.6%

06:00 United Kingdom Nationwide house price index August -0.7% +0.2%

06:00 United Kingdom Nationwide house price index, y/y August -2.6% -2.2%

06:00 Switzerland UBS Consumption Indicator July 1.60

06:00 Germany Gfk Consumer Confidence Survey September 5.9 5.8

07:15 Switzerland Employment Level Quarter II 4.05 4.04

07:15 Switzerland Full time employment level Quarter II 2.79

08:00 Eurozone M3 money supply, adjusted y/y July +3.2% +3.3%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y June -0.7% -0.3%

14:00 U.S. Consumer confidence August 65.9 65.8

14:00 U.S. Richmond Fed Manufacturing Index August -17 -1