Market news
13.11.2012, 13:15

European session: the euro fluctuates

Data

00:01 United Kingdom RICS House Price Balance October -15% -15% -7%

04:30 Japan Industrial Production (MoM) (finally) September -1.6% -4.1% -4.1%

04:30 Japan Industrial Production (YoY) (finally) September -8.1% -8.1%

07:45 France Non-Farm Payrolls (preliminary) Quarter III -0.1% -0.2% -0.3%

08:15 Switzerland Producer & Import Prices, m/m October +0.3% +0.2% -0.1%

08:15 Switzerland Producer & Import Prices, y/y October +0.3% 0.0% +0.4%

09:00 Eurozone ECOFIN Meetings -

09:30 United Kingdom HICP, m/m October +0.4% +0.2% +0.5%

09:30 United Kingdom HICP, Y/Y October +2.2% +2.3% +2.7%

09:30 United Kingdom HICP ex EFAT, Y/Y October +2.1% +2.2% +2.6%

09:30 United Kingdom Retail Price Index, m/m October +0.5% +0.2% +0.6%

09:30 United Kingdom Retail prices, Y/Y October +2.6% +2.9% +3.2%

09:30 United Kingdom RPI-X, Y/Y October +2.6% +2.9% +3.1%

09:30 United Kingdom Producer Price Index - Input (MoM) October -0.1% -0.4% +0.4%

09:30 United Kingdom Producer Price Index - Input (YoY) October -1.0% -0.5% +0.1%

09:30 United Kingdom Producer Price Index - Output (MoM) October +0.5% +0.2% +0.1%

09:30 United Kingdom Producer Price Index - Output (YoY) October +2.5% +2.5% +2.5%

10:00 Germany ZEW Survey - Economic Sentiment November -11.5 -10.1 -15.7

10:00 Eurozone ZEW Economic Sentiment November -1.4 0.2 -2.6

10:30 United Kingdom BOE Inflation Letter November

 

The euro sharply against the dollar, departing from the two-month low, after the German newspaper Bild-Zeitung reported that Germany is for the provision of a single tranche of aid to Greece. Against this background, the single currency regained its early losses against the yen and the Swiss franc. According to the statement, if Greece can get the 44 billion euros (56 billion dollars).

Also recall that the finance ministers of the euro area have given Greece two additional years, to reduce the budget deficit.

The pound strengthened against the euro, breaking a series of two-day decline, after a report showed that inflation in the UK rose in October, much more than economists forecast, as well as in a renewed concerns over Greek debt.

Office for National Statistics said that consumer prices in October to 2.7% in annual terms, though showing the highest value since May. It is projected that inflation would go up to 2.4%.

The pound rose against 14 of its 16 major counterparts after Luxembourg Prime Minister Jean-Claude Juncker said the euro zone finance ministers will meet again next week to decide how to cover the needs of Greece in financing.


EUR / USD: during the European session, the pair set a minimum level of $ 1.2660, and then grew up and is now trading around $ 1.2695

GBP / USD: during the European session, the pair rose to $ 1.5915, but then fell sharply to $ 1.5880

USD / JPY: during the European session the pair fell, setting all-time low at Y79.20, and then showed a sharp increase


At 19:00 in the U.S. Treasury Department released a report on the currency in November, and a monthly performance report for October. At 21:45 GMT New Zealand has announced changes in retail sales, changes in retail sales excluding auto sales, Producer Price Index and the Producer Price Index for Q3. Finish the day at 23:30 GMT Australia data on the index of consumer confidence from Westpac for November.


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