Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

07.08.2012 08:26

Asian session: The yen remained stronger versus the dollar

04:30 Australia Announcement of the RBA decision on the discount rate - 3.50% 3.50% 3.50%

04:30 Australia RBA Rate Statement -

The yen remained stronger versus the dollar as a rally in equities worldwide spurred speculation the Bank of Japan will refrain from additional monetary easing at a policy meeting that starts tomorrow. The BOJ probably won’t change its view that Japan’s economy is picking up moderately, the Nikkei newspaper reported, without saying where it got the information. All 17 economists in a Bloomberg survey forecast the central bank will keep its benchmark overnight target rate at 0.1 percent at this week’s two-day meeting.

This will be the first central bank meeting with new board members Takahide Kiuchi and Takehiro Sato, who have both signaled willingness to consider fresh forms of easing.

Demand for the euro was supported after Merkel’s government backed ECB President Mario Draghi’s proposals on bond buying to help bring down borrowing costs in Spain and Italy. Germany is “not worried” by Draghi’s announcement of Aug. 2, deputy Merkel spokesman Georg Streiter told reporters in Berlin yesterday, when asked whether the government is concerned that ECB independence might be compromised. Draghi outlined a plan last week under which the ECB may buy debt of struggling euro-bloc countries in tandem with the euro area’s bailout fund, while saying the details still need to be worked out over the coming weeks.

Italy’s Monti said that disagreements within the euro area are detracting from the policy response to the debt crisis, according to an interview with Germany’s Der Spiegel magazine published Aug. 5. He said he backed the ECB’s willingness to address “severe malfunctioning” in the government bond market.

The Australian dollar rose to the highest in more than four months after the nation’s Reserve Bank kept interest rates unchanged at 3.5 percent at a policy meeting today.

EUR/USD: during the Asian session the pair was traded in range $1.2385-$1.2405.

GBP/USD: during the Asian session the pair fell, dropping below $1.5600.

USD/JPY: during the Asian session the pair traded in a range Y78.15-Y78.30.

Core-European data sees Italy industrial output for June as well as the flash estimate of Q2 GDP data at 0800GMT. Germany manufacturing orders for June are due at 1000GMT and are expected to come in at -1.0% m/m, -7.2% y/y. UK data at 0830GMT includes weekly fuel prices as well as Industrial Production. US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, followed at 1255GMT by the weekly Redbook Average. At 1400GMT, the Canadian Ivey Purchasing Managers Index for July is due. Later on, at  1830GMT, Federal Reserve Chairman Ben Bernanke hosts a town hall meeting with educators from across the country at Board headquarters.

07.08.2012 07:45

Forex: Monday’s review

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