Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

17.06.2013 18:20

American focus: the European currency traded reserved

Euro holds tight against the yen and the dollar due to the lack of important economic data that could affect the course of trading. Add that could have a small impact report, which showed that the trade surplus currency bloc of 17 countries in April was below the record high. Trade data showed that in April, the euro zone recorded a positive balance of foreign trade in goods in the amount of 14.9 billion euros (19.9 billion dollars), as the region's exports exceeded imports. Although this is a surplus above the level of 3.3 billion euros, recorded in April 2012, it is well below the record high of 22.5 billion euros achieved in March. Total exports in April amounted to 161.3 billion euros against 165.6 billion euros in March. Imports in April rose to 146.4 billion euros against 143.0 billion in March. These data indicate that domestic demand is likely increased in the first month of the 2nd quarter, while foreign demand declined.

Value of the dollar sharply higher against the pound, which was a reaction to the U.S. data, which were released by the National Association of Home Builders.

According to the report NAHB, Housing Market Index in June rose to 52, adding 8 points compared to May. It should be noted that this is his biggest leap since the summer of 2002. For the first time since April 2006, the index reached a value greater than 50. Recall that the index value above 50 indicates that the number of companies that positively assessing the conditions for sales, exceeds the number of companies that give a negative assessment. The index has far surpassed the expectations of economists, who had forecast that the index would be 45 in June.

It should also be noted that housing is an important driving force of the economy, making significant contributions to the overall growth every quarter since mid-2011. Moreover, the industry provides a steady source of employment. Recall that new home sales remained near five-year high in the first four months of the year. This is a strong indication of the fact that among Americans is growing optimism about the economy and more and more they are willing to make large investments.

However, the industry is faced with obstacles. Interest rates are rising, making mortgages more expensive. In addition, there are concerns that the Federal Reserve will begin to measures to reduce the stimulus this year.

We add that even with the June increase, the index state of the housing market to be well below historical highs.

The Australian dollar declined significantly against the U.S. dollar, having lost in the course of trade of more than one figure. It should be noted that market participants focused on the publication of reports of the Reserve Bank of Australia, which will be published tomorrow and the meeting of the open market operations at the end of the week, which will be the most important event since the Australian calendar seems pretty loose for the current week.

17.06.2013 17:20

European stock close

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