Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

02.09.2011 08:27

FOREX: Thursday's review

The US dollar soared versus the currencies of major trade partners as stronger-than-forecast factory data damped speculation the Federal Reserve may take further steps to stimulate growth, debasing the currency. The ISM manufacturing index dropped to 50.6 in August vs previous figure of 50.9 and expected decline to 48.0.
Earlier the currency rose as U.S. initial claims shaed to 409K for the week ending on August 27 and U.S. construction projects fell 1.3% in July.
The euro plummeted down amid intensified concerns about EU debt crisis.
Those fears increased as yesterday the Expert Committee on the Greek Parliament said that debt situation of Greece is out of control and its budget deficit would widen even if all planned measures taken in time.
A disappointing sale of new Spanish five-year benchmark government bonds put further pressure on the euro in European trading. Spanish bonds fell today as the nation sold 3.62 billion euros ($5.2 billion) of five-year securities. European Central Bank began buying Spanish and Italian debt
Earlier additional pressure on the currency was EU statistics, which showed that Q2 GDP growth of Germany, the largest economy in the eurozone, added only 0.1% compared with rising 1.5% in the previous period.
A European manufacturing gauge based on a survey of purchasing managers in the 17-nation euro region fell to 49 in August from 50.4 in the prior month. It was the weakest reading in two years and below an initial estimate of 49.7 published Aug. 23. A reading below 50 indicates contraction.
Economic growth in Germany, the euro region’s largest economy, slowed in the second quarter as household spending decreased. Germany’s gross domestic product expanded 0.1 percent in the second quarter, down from 1.3 percent in the first three months of the year, the nation’s Federal Statistics Office said today, confirming its initial Aug. 16 estimate.
The franc advanced against all of its 16 most-traded counterparts on signs European economies are slowing.
The loonie rose toward its strongest level in four weeks after the manufacturing report. The U.S. is Canada’s biggest trading partner.
UK data at 0830GMT includes Q2 Construction Orders data as well as the August Construction PMI.
At 1230GMT, US non-farm payrolls are forecast to rise only 70,000 for August after the 117,000 increase in July, while the  unemployment rate is expected to stay at 9.1%. The strike at Verizon should have a large impact on payrolls this month. Hourly earnings are seen rising 0.2% after see-sawing sharply in the last three months. The average workweek is expected to hold steady at 34.3 hours for another month.

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