• European session: the euro fluctuates

Noticias del mercado

11 enero 2013

European session: the euro fluctuates

Data

01:00 U.S. FOMC Member Narayana Kocherlakota -

01:30 China CPI y/y December +2.0% +2.3% +2.5%

01:30 China PPI y/y December -2.2% -1.8% -1.9%

05:00 Japan Eco Watchers Survey: Current December 40.0 41.1 45.8

05:00 Japan Eco Watchers Survey: Outlook December 41.9 51.0

08:15 Switzerland Consumer Price Index (MoM) December -0.3% -0.1% -0.2%

08:15 Switzerland Consumer Price Index (YoY) December -0.4% -0.3% -0.4%

09:30 United Kingdom Industrial Production (MoM) November -0.9% -0.8% +0.3%

09:30 United Kingdom Industrial Production (YoY) November -3.0% -2.0% -2.4%

09:30 United Kingdom Manufacturing Production (MoM) November -1.3% +0.6% -0.3%

09:30 United Kingdom Manufacturing Production (YoY) November -2.0% -1.3% -2.1%


During the trade the yen hit its weakest level since June 2010 in relation to the dollar, which was caused by the fact that the Japanese government announced the introduction of a new stimulus package of $ 116.8 billion, which would tend to weaken the currency. In addition, Japan will spend around 3.8 trillion yen for disaster prevention and reconstruction of their consequences, and 3.1 trillion yen to stimulate private investment, as well as other measures. Note that the Japanese currency shows decline for the ninth consecutive week, fixing the most prolonged decline in more than 20 years.

The Swiss franc fell to a four-month low against the euro after a government report showed that consumer prices fell in December, slightly more than expected by experts, at the same time fixing its longest slump in four decades.

Meanwhile, the euro after yesterday's sharp growth in trading reserved, and in a narrow range. During the European session, the euro suffered from a lack of factors that could cause it to grow, and is still feeling the effects of yesterday's speech Draghi, who allowed a pair score 200 points. Currency was little support successful auction of government bonds, the Italian Government. Note that the country has placed the paper in the amount of £ 3, 5 billion with a yield of 1.85%.

The falling pound has shown today that was caused by the release of data showing that UK industrial output for November showed the dynamics at the level of 0.3% in the month and 2.4% per year, versus forecasts for 0.8% and -1.9%. In addition, production in the manufacturing sector fell by 0.3% and 2.1%, against expectations of +0.5% and -1.3%.


EUR / USD: during the European session, the pair is trading in the range of $ 1.3246-$ 1.3284

GBP / USD: during the European session the pair fell 1.6105

USD / JPY: during the European session the pair fell to Y88.73


At 13:30 GMT the U.S. and Canada will report on the trade balance for November. At the same time, the U.S. will import prices for December. At 14:30 GMT the U.S. member of the FOMC Charles Plosser will speak. At 15:00 GMT the UK will provide data on the change in GDP from NIESR. At 19:00 GMT the United States will be published monthly performance report for December.

Enfoque del mercado
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