Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

01.03.2011 09:26

Forex: Monday's review

On Monday the dollar fell to its lowest since November on bets Federal Reserve Chairman Ben S. Bernanke will signal to Congress the central bank plans to maintain economic stimulus.
The euro rose against the dollar on speculation European Central Bank President Jean-Claude Trichet may indicate this week a readiness to increase borrowing costs. 
U.S. consumer spending rose less than forecast in January, accelerating 0.2%, data from the Commerce Department showed today. Another report showed European inflation stayed above the ECB’s 2% target for a second month in January.
An ECB governing council member, Mario Draghi, said on Feb. 26 that inflation pressures are forcing policy makers to focus more closely on the timing of future interest-rate increases.
The ECB, which has kept its key interest rate at 1% since May 2009, will hold its next policy meeting on March 3.
Bernanke is scheduled to deliver the Fed’s semiannual report on monetary policy tomorrow to the Senate Banking Committee and is due to testify to the House Financial Services Committee the following day. The Fed has kept its benchmark interest rate at zero to 0.25% since December 2008.
Crude oil for April delivery rose as much 2.1% to $99.96 a barrel in New York before trading at $97.88. It rose last week to $103.41, the highest level since September 2008.
Canada’s dollar reached a three-year high versus the greenback after a government report showed the nation’s economy grew at a 3.3% annual pace in the fourth quarter, more than economists forecast.
The currency was headed for a 2.7% rally this month before tomorrow’s meeting of the Bank of Canada, which has expressed concern that its strength may stall growth.

EUR/USD: the pair shown high in the field of $1,3680 then  decreased.
GBP/USD: on results of yesterday's session the pair  become stronger in around $1,6250.
USD/JPY: the pair bargained within the limits of Y81,60-Y82,00

At 1000GMT, the flash measure of EMU HICP is expected to come in at a reading of 2.4% y/y, while at the same time, the unemployment rate is expected to remain steady, at 10%. 
UK data continuess at 0928GMT with the PMI Manufacturing data for February, which is expected to edge lower, but remain at a reading of 61.0. This is followed at 0930GMT by BoE Lending to Individuals and Final M4 Data.
US data starts at 1245GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1355GMT by the weekly Redbook Average. The main event for Tuesday will likely be at 1500GMT, when Federal Reserve Chairman Ben Bernanke gives his semi-annual monetary policy report to the Senate Banking Committee in Washington. US data also heats up at 1500GMT, when ISM manufacturing data is expected to fall to 60.5 in February, continuing its upward trend. The regional data already released have pointed to continued expansion. At the same time, construction spending is expected to fall 0.8% in January following the residential-related plunge in December. Housing starts rose sharply in the month, suggesting that residential construction rebound in the month.
n other US events for Tuesday, Treasury Secretary Tim Geithner testifies on GSEs to the House Financial Services Committee, while auto-maker data is expected to show that domestic-made light vehicle sales rose slightly to a 9.5 million annual rate in February after rising slightly to 9.4 million in January. Seasonal factors are less accommodative than in January.

01.03.2011 09:33

UK: Cips Feb mfg PMI 61.5

01.03.2011 09:05

EUROZONE: Jan mfg PMI 59.0

Market Focus

  • U.S.: Industrial Production (MoM), September 0.1% (forecast 0.2%)
  • Britain can't get full single market access with free movement concessions - Merkel
  • Earnings Season in U.S.. Major Reports of the Week
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
October 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2016 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Request a callback
Top Page