• European session: the euro rose

Noticias del mercado

20 noviembre 2012

European session: the euro rose

 

 

07:00 Switzerland Trade Balance October 1.93 2.09 2.82

07:00 Germany Producer Price Index (MoM) October +0.3% +0.2% 0.0%

07:00 Germany Producer Price Index (YoY) October +1.7% +1.6% +1.5%

07:00 Japan BOJ Press Conference -

08:00 Eurozone Eurogroup Meetings -

 

The euro rose against the dollar on the background of today's meeting of finance ministers of the region in the provision of aid to Greece. Also today, the EU finance ministers will meet with representatives of the IMF, to decide on the need for Greece's next tranche of financial support in the amount of 31.5 billion euros. Most likely, according to analysts, the decision is positive, after the EU allowed the Greek bonds for 5 billion euros to repay debt securities by 5 billion euros, was held by the ECB. In addition, there are rumors that the "troika" of international lenders allowed to give Greece another two years to reduce the deficit to the recommended level.

In Germany, the annual rate of PPI in October registered a growth of 1.5% against 1.7% in August and forecasts at 1.7%.

Today the auction Treasury debt of Spain was able to attract the E4, 938 billion from planned E3 ,5-4, 5 billion Yield of 12-month securities was 2.797% from 2.823% at the previous auction, and 18-month-old - 3.034% vs. 3.022%.

As the growth in risk appetite helped the statement made by the ECB Cara that financial markets have stabilized significantly since July, but the situation in the euro area as a whole is similar to the situation in Japan in the 90's.

Yesterday, Moody's downgraded the credit rating of France to Aa1, but markets did not pay attention to this event. French Finance Minister expressed his disagreement with the actions of the agency, stating that the review does not reflect the current state of the fundamentals and does not consider the current reforms undertaken by the government.

Later, data will be published on the number of residential buildings and construction permits, however, the focus will be on the players' performance of the Fed Bernanke.

The yen fell against the dollar amid today's decision of the Bank of Japan to refrain from increasing the incentive programs. Thus, in the two-day meeting, the Bank of Japan decided to keep the volume of purchases of assets of 66 trillion yen ($ 812 billion). As you can see, the head of the Japanese Central Bank Governor Masaaki Shirakawa and his board voting to continue to conduct its monetary policy, despite calls to conduct unlimited stimulation by opposition leader Shinzo Abe, who, according to preliminary estimates, could be the new prime minister after elections next month .


EUR / USD: during the European session, the pair set a high at $ 1.2825

GBP / USD: during the European session, the pair set a high at $ 1.5935

USD / JPY: during the European session, the pair rose to the level of Y81.59


At 13:30 GMT, Canada will release the change in volume of wholesale trade for September. At 13:30 GMT the U.S. will the volume of building permits issued and the number of new foundations of bookmarks for October. At 14:00 GMT a speech FOMC member Jeffrey Lacker. At 21:30 GMT the U.S. will be known data on changes in the volume of crude oil, according to API. At 23:30 GMT Australia is to publish an index of leading economic indicators from the Melbourne Institute in September. At 23:50 GMT Japan will total balance of foreign trade in goods, the adjusted balance of trade in goods, the change in volume of exports and imports of goods in October.


Enfoque del mercado
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