Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities

07.07.2011 08:09

Asian session: The euro is under pressure

01:30 Australia Unemployment Rate s.a. (Jun) 4.9%
01:30 Australia Employment Change s.a. (Jun) 23.4K
The euro is under pressure versus the yen as concern Europe’s debt crisis is spreading and China’s decision to raise interest rates damped demand for higher-yielding assets.
The euro traded near the lowest level in a week against the Swiss franc after analysts said Ireland’s credit rating may be cut to junk by Moody’s Investors Service following Portugal’s loss of its investment-grade rating. 
The Australian dollar rose after a government report showed employers added more jobs than economists had estimated. Thailand’s baht advanced after incoming Prime Minister Yingluck Shinawatra said her government intended to let the currency strengthen.
The euro snapped yesterday’s loss against the dollar and yen after Moody’s said it differentiates “significantly” among European periphery countries, suggesting it may not imminently cut Ireland’s rating to junk in line with Portugal and Greece.
The European Central Bank will increase its main refinancing rate to 1.50 percent today from 1.25 percent, according to all economists in a  survey. The central bank may increase borrowing costs further in the fourth quarter, according to a separate survey.

EUR/USD: the pair holds at  $1.4310-$ 1.4345.
GBP/USD: the pair decreased in $1.5940  area.
USD/JPY: the pair holds at Y80.80-Y81.00.

European data starts at 1000GMT by German in industrial output data. At 1145GMT, the ECB decision is due, which will be followed at 1230GMT 
by the usual press conference with ECB President Jean-Claude Trichet. 
UK data includes at 0830GMT Industrial Production/Manufacturing Output data is due for release. The data is expected to show a bit of a rebound from the previous month, with industrial production rising 1.3% m/m but remaining lower by a reading of -0.4% y/y. Manufacturing output is seen 
up 1.1% m/m, 2.2% y/y. The Bank of England Monetary Policy Committee makes it's announcement at 1100GMT but no change is expected in either 
the current 0.50% overnight rate or the 200 billion level of asset purchases. 
At 1215GMT, the ADP National Employment Report is due. Last month the unexpectedly soft reading caused some to revise their estimates 
lower. The lackluster 54,000 increase in non-farm payrolls justified the  revision. At 1230GMT, initial jobless claims are expecting toll to 420,000 in the July 2 week. Claims have been above 420,000 since the April 30 week. In the July 25 week, a labor analyst said there no special factors 
contributing to the decline of 1,000 claims. 

07.07.2011 08:01

Asia Pacific stocks close:

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