Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

31.07.2013 17:40

American focus: the U.S. currency fell against the euro

The dollar fell against the euro, despite the previously noted the substantial growth that was recorded after the release of GDP data. We add that the negative impact on the U.S. currency was data that showed that the index of business activity in the Chicago Association of Managers with correction for July rose to 52.3 against 51.6 in June. The growth was weaker than economists' expectations of 53.7. Recall that values ​​above 50 are an indicator of accelerated growth in the economy. All the components in July were in the expansion, with growth compared to the previous month showed the sector procurement prices and supply, and the decline was noted in the employment sector.

Add that market participants are waiting in front of FOMC decisions and other Central Bank this week. The Fed today announced the results of a two-day meeting, and their intentions regarding the program of bond purchases by 85 billion dollars a month. Purchases are designed to help lower interest rates and stimulate spending and investment. The Fed has signaled that can minimize the program to begin this year, if the growth rate is improving in line with its forecasts

The yen fell sharply against the dollar, helped by positive data presented by the United States. It is learned from Automatic Data Processing Inc. and Moody's Analytics., employment in the private sector in the U.S. in July rose faster than economists expected, and the figures for June were revised upward. The number of jobs in the private sector in the U.S. in July rose to 200,000. Economists had expected an increase of the number of jobs in the private sector at 179,000. Job growth in June was revised up to 198,000 from 188,000. In addition, the data showed that firms employing 1-49 persons hired 82,000 new employees, medium-sized businesses with a staff of 50-499 people hired 60,000 new employees. Large companies with at least 500 people have taken 57,000 people. Employment in the services sector increased by 177,000 this month, and the industrial sector decreased 5,000.

Australian dollar captures its third-session decline, on expectations that next week the Reserve Bank of Australia may lower the level of the discount rate. We also recall that during his speech yesterday, remember that hints of policy easing, Stevens said that restrained inflation means that the RBA may, if necessary to lower the benchmark interest rate, which is already at a record low of 2.75%. This important comment was made just a week before the August RBA meeting and he plunged the Australian dollar in sharp decline.

"Recently, we say that, given the inflation outlook, it will be possible to resort to further ease monetary policy if needed to support the demand. Recent inflation data have not changed it," - said Stevens. The rate of inflation in Australia in the 2nd quarter was 2.4%, while in the depths of the target range 2% to 3%. As if to reinforce this point of view, Stevens said that although the series of rate cuts made by the end of 2011, effectively works by helping to stimulate the economy outside the mining industry, this does not mean that the central bank will lower rates again.

The cost of the Canadian dollar significantly higher against the U.S. dollar, which helped the data provided by Canada. Note that Statistics Canada reported that the Canadian economy grew in May, in line with market expectations, with growth in retail and wholesale trade was offset by weakness in the commodity sector.

The data showed that Canada's GDP, or the total amount of goods and services produced in the country rose by 0.2% to C $ 1.58 trillion after increasing by 0.1% in April. Growth in line with expectations of economists. Compared to the same period last year the Canadian economy grew by 1.6%.

31.07.2013 17:19

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