• European session: the euro rose

Noticias del mercado

12 septiembre 2012

European session: the euro rose

 

 

Data:

05:30 France CPI, m/m August -0.4% +0.5% +0.7%

05:30 France CPI, y/y August +1.9% +2.0% +2.4%

06:00 Germany CPI, y/y (finally) August +2.0% +2.0% +2.2%

08:30 United Kingdom Claimant count August -5.9 0.1 -15

08:30 United Kingdom Claimant Count Rate August 4.9% 4.9% 4.8%

08:30 United Kingdom ILO Unemployment Rate July 8.0% 8.0% 8.1%

08:30 United Kingdom Average Earnings, 3m/y July +1.6% +1.5% +1.5%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y July +1.8% +1.8% +1.9%

09:00 Eurozone Industrial production, (MoM) July -0.6% 0.0% +0.6%

09:00 Eurozone Industrial Production (YoY) July -2.1% -3.3% -2.3%


The euro rose above $ 1.29 for the first four months after the German Constitutional Court voted in favor of the legalization of ESM. Such a decision was a relief for the European authorities, as in the case of opposition they would have lost the ability to provide financial assistance to troubled EU countries for an indefinite period of time.
German Constitutional Court declared that the objections against the run ESM were unfounded, and approved the ratification of the ESM and the financial agreement between the EU under certain conditions. Importantly, to Germany's contribution to the Fund's reserves exceeded € 190 billion will need to get permission Bundestag. A German court has also demanded that both houses of the German Parliament are aware of how things are going on ESM.
The British pound rose against the dollar after the unemployment rate unexpectedly fell in Britain as more than 2 years in August against the creation of new jobs, which is in spite of the looming recession. The unemployment rate fell by 15 thousand to 1.57 million, as shown by the official figures. Employment increased by 236 thousand to 29.6 million, the biggest increase in 2 years.
The Australian dollar rose to a three-week high against the U.S. dollar, after Premier Wen Jiabao zachvil that in 2012 the country was able to achieve planned target for GDP growth - 7.5%. China is the largest trading partner of Australia.

EUR / USD: during the European session, the pair rose to $ 1.2931 and retreated
GBP / USD: the pair grown, reaching a high of $ 1.6100 and retreated
USD / JPY: the pair is trading in the range of 77.73-77.98

At 12:30 GMT the U.S. will import prices for August, and 14:30 GMT - data on stocks of crude oil from the Department of Energy. At 17:00 GMT the U.S. puts 10-year bonds. At 21:00 GMT we will know the decision of the Reserve Bank of New Zealand Interest Rate, will hold a press conference of the Reserve Bank of New Zealand, the accompanying statement will be made of the Reserve Bank of New Zealand and published protocol of monetary policy of the Reserve Bank of New Zealand.

Enfoque del mercado
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