Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


15.04.2011 12:02

EU session review: Euro falls on Ireland downgrade

Data released
04:30     Japan     Industrial output (February) final    1.8%    0.4%    0.4%
04:30     Japan     Industrial output (February) final Y/Y    2.9%    2.8%    2.8%
09:00     EU(17)     Harmonized CPI (March) final    1.4%    1.2%    0.4%
09:00     EU(17)     Harmonized CPI (March) final Y/Y    2.7%    2.6%    2.4%
09:00     EU(17)     Harmonized CPI ex EFAT (March) Y/Y    1.3%    1.1%    1.0%
09:00     EU(17)     Trade balance (February) unadjusted, bln     -1.5    -4.2    -14.8
09:00     EU(17)     Trade balance (February) adjusted, bln     -2.4    -    -3.1 (-3.3)

The euro fell against the dollar, yen and pound after Moody’s Investors Service lowered Ireland’s credit rating, stoking concern that Europe’s debt crisis may worsen as Greece battles to avoid a bond restructuring.
The Moody’s cut Ireland to the lowest investment grade and indicated more downgrades may follow.
Europe’s currency fell to an almost one-week low against the dollar yesterday after Germany’s finance minister and Standard & Poor’s said Greece may need to restructure debt to avoid defaulting. Greece will announce more than 22 billion euros of deficit-reduction measures through 2014 today, according to Finance Minister George Papaconstantinou.
The euro has still gained 8% versus the dollar this year on bets accelerating inflation will prompt euro-area policy makers to raise interest rates, even as the so-called peripheral nations struggle to reduce their debt burdens.
The euro stayed lower even as a report showed inflation in the 17-nation euro-region accelerated more than forecast to 2.7% in March, the fastest pace in more than two years.
The European Central Bank raised its key rate last week to 1.25% from a record low 1% and indicated further increases may follow. The Fed has kept its target rate for overnight lending between banks at zero to 0.25% since December 2008.
The yen rallied after China said inflation reached the fastest pace in more than two years, spurring demand for a refuge.
China’s economy grew 9.7% in the first quarter, while consumer prices increased 5.4% in March from a year earlier. The median forecasts were for economic growth of 9.4% and inflation of 5.2%.

EUR/USD fell from $1.4500 to $1.4440. Rate remains under pressure.

GBP/USD holds within the $1.6310/70 range.

USD/JPY printed lows at Y82.90 before recovered to Y83.50. Currently rate holds around Y84.25.

The U.S. consumer-price index climbed 0.5% in March, matching the previous month’s reading, which was the biggest gain since June 2009, a survey showed before the Labor Department data today. Excluding volatile food and fuel costs, so-called core prices may have advanced 0.2% in March for a third month.
Fed Chairman Ben S. Bernanke last week said an acceleration in inflation is likely to be transitory. Fed Bank of Richmond President Jeffrey Lacker said yesterday the central bank should end its stimulus programs before inflation picks up.



Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
23
24
25
26
27
28
29
30
31

Quotes

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

  • © 2011-2017 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:
8-800-200-31-00, support@teletrade-dj.com

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