Market news
12.12.2012, 13:17

European session: the euro rose sharply

Data

04:30 Australia RBA's Governor Glenn Stevens Speech December

07:00 Germany CPI, m/m (finally) November -0.1% -0.1% -0.2%

07:00 Germany CPI, y/y (finally) November +2.0% +1.9% +1.9%

07:45 France CPI, m/m November +0.2% 0.0% -0.2%

07:45 France CPI, y/y November +1.9% +1.6% +1.6%

09:30 United Kingdom Claimant count November 6.0 5.1 -3.0

09:30 United Kingdom Claimant Count Rate November 4.8% 4.8% 4.8%

09:30 United Kingdom ILO Unemployment Rate October 7.8% 7.9% 7.8%

09:30 United Kingdom Average Earnings, 3m/y October +1.8% +1.9% +1.8%

09:30 United Kingdom Average earnings ex bonuses, 3 m/y October +1.9% +1.9% +1.7%

10:00 Switzerland Credit Suisse ZEW Survey (Expectations) December -27.9 -22.0 -15.5

10:00 Eurozone Industrial production, (MoM) October -2.5% +0.3% -1.4%

10:00 Eurozone Industrial Production (YoY) October -2.3% -2.4% -3.6%

10:45 United Kingdom BOE Chief Economist Spencer Dale Speaks

 

The yen fell to its lowest level in more than eight months against the dollar, as the prospect as to the central banks of the U.S. and Japan will conduct mitigation measures have increased, causing thus reducing the demand for safe assets. Yen also fell against the U.S. dollar after the Japanese government announced the launch of missiles from North Korea around 9:49 am Japan time. Missile heading south, passing Okinawa, and fell into the sea east of the Philippines.

The dollar fell for a third day against the euro, as many market participants expect that the Federal Reserve will announce today the expansion of shopping aktivov.Otmetim the dollar fell against most major currencies this week on speculation that the Fed will increase the purchasing program bonds worth $ 40 billion. The euro also has today's meeting of finance ministers of the European Union. The Eurogroup should formally approve next Greek rescue, pre-approved two weeks ago. Greeks completed yesterday extended the date redemption of the bonds, and its results can be considered very successful. Volume restructuring 31.8 billion, exceeding thus envisaged Athens goal of 30 billion euros, and the average purchase price was 33.8% of the face value of the debt. Problem country not only once again avoid default, which will facilitate and held on Tuesday decent auction of short-term bonds, but now has at least some hope for the future, saving the Greeks still real.

The Australian dollar rose to its highest level in more than two months, as Asian stocks rose, increasing the demand for higher-yielding assets.


EUR / USD: during the European session, the pair has grown substantially, reaching $ 1.3052

GBP / USD: during the European session, rose to $ 1.6148, updating the maximum of 4 December

USD / JPY: during the European session, the pair rose to Y82.94


At 13:30 GMT the U.S. will provide an index of import prices for November. At 14:00 GMT the U.S. will publish a report on the amount of net purchases of long-term U.S. securities by foreign investors, and the general terms of net purchases of U.S. securities by foreign investors in October. At 15:30 GMT the U.S. will the data on stocks of crude oil from the Ministry of Energy in December. At 17:30 GMT the U.S. will publish solutions FOMC Interest Rate for December, as well as the accompanying statement will be presented to the December FOMC. At 19:00 GMT the United States will be released monthly performance report for November. At 19:00 GMT the U.S. will release an economic forecast from the FOMC in December. At 19:15 GMT the United States will be a press conference by the Federal Reserve in December


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