Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

16.05.2011 07:32

FOREX: weekly review

The euro remained under pressure this week, touching a six-week low against the dollar as worries over Greek government debt continued.
Speculation at the start of the week that Greece was considering leaving the eurozone, which was vigorously denied, and concerns that Athens might restructure its debt drove the single currency lower. This heightened concerns about the finances of other countries on the periphery of the eurozone.
The euro also suffered, along with commodity-linked currencies, from heightened investor risk aversion, which fed haven demand for the dollar and the yen.
However, the single currency regained some poise on Friday as figures revealed French and German growth exceeded expectations in the first quarter. This helped stabilise the euro and heighten expectations that the European Central Bank would deliver a further rise in interest rates at its policy meeting in July.
German gross domestic product jumped 1.5% in the first quarter compared with the previous three months, and French GDP rose 1%, exceeding economists’ median estimates of 0.9% and 0.6% respectively.
Over the week, the euro eased 0.8% against the dollar and declined 0.8% against the yen.
The single currency rose against the pound, however, gaining 0.1% over the week.
Sterling suffered as poor trade data, a growth downgrade from the Bank of England and weaker than expected manufacturing and industrial production figures combined to raise worries about the health of the UK’s economic recovery.
The Bank of England left its main interest rate at a record low of 0.5% on May 5.
European Central Bank President Jean-Claude Trichet signaled on the same day that policy makers may raise borrowing costs after June, following a decision to keep their main rate at 1.25%.
The Confederation of British Industry lowered its economic growth estimates for the U.K. on May 9, saying gross domestic product would expand 1.7% this year compared with a February estimate of 1.8%.
The U.K. economic outlook may worsen further as Prime Minister David Cameron’s coalition government battles a fiscal deficit running at almost 10% of gross domestic product by raising taxes and implementing public spending cuts.
The central bank said this week that inflation may reach 5% later this year, more than double its 2% target, even while risks to economic growth remain “skewed to the downside.” Inflation expectedly slowed to 4% in March from a year earlier, up from 4.4% the previous month, the U.K. office for National Statistics said April 12.

16.05.2011 07:54

Stocks: Weekly review

16.05.2011 06:55

Tech on USD/JPY

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


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:

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