Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


06.06.2011 07:54

Forex: Weekly review

Haven currencies such as the yen and Swiss franc moved higher on Friday after an unexpectedly weak monthly US employment report.
The dollar fell 0.6 per cent against the yen and slipped to a record low of SFr0.8336 against the Swiss franc after non-farm payrolls data showed just 54,000 jobs were created in May. The market had expected a figure nearer 150,000.
The payrolls data capped off a week of miserable economic indicators that suggested US growth was stalling. A disappointing PMI manufacturing survey, house buying activity, private sector payroll figures and consumer confidence all combined to undermine risk appetite. Better news on the services sector did little to aid a dollar rally.
Over the week, the dollar fell 0.5 per cent against the yen to Y80.38 and lost 1.6 per cent to SFr0.8355 versus the Swiss franc.
 The euro also had a stronger week as traders focused back on interest rate differentials. The US Federal Reserve, following the run of data, looked still some distance away from making a rate move.
The European Central Bank, however, has already lifted its main rate from 1 per cent to 1.25 per cent in May and is expected to deliver a further rise to 1.5 per cent in July.
The euro rose 2 per cent over the week to $1.4602 against the dollar, helped also by growing expectations on Friday of a fresh bail-out deal for Greece.
Sterling fell after weaker than expected services sector data rounded off a poor week of business activity surveys that indicated economic growth in the UK was likely to remain subdued in the coming months.
Sterling was down 0.7 per cent to $1.6391 against the dollar over the week, and had a poor time against most of its rivals, falling 2.8 per cent to £0.8914 against the euro.


06.06.2011 07:57

Stocks: Weekly review

06.06.2011 07:28

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%)
December 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
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

  • © 2011-2016 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:
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