Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

09.08.2013 12:13

European session: the dollar rose slightly against the euro


01:30 Australia RBA Monetary Policy Statement Quarter III

01:30 China PPI y/y July -2.7% -2.0% -2.3%

01:30 China CPI y/y July +2.7% +2.8% +2.7%

05:00 Japan BoJ monthly economic report August

05:00 Japan Consumer Confidence July 44.3 45.3 43.6

05:30 China Retail Sales y/y July +13.3% +13.5% +13.2%

05:30 China Fixed Asset Investment July +20.1% +20.0% +20.1%

05:30 China Industrial Production y/y July +8.9% +9.0% +9.7%

06:45 France Industrial Production, m/m June -0.4% +0.3% -1.4%

06:45 France Industrial Production, y/y June +0.4% +1.5% -0.2%

08:00 China New Loans July 861 635 700

08:30 United Kingdom Trade in goods June -8.5 -8.5 -8.1

The euro exchange rate fell slightly against the dollar, but is still held near a seven-week high. Note that the dynamics of the partially influenced by expectations of the publication of data for economic growth in the Euro-region for the second quarter. The indicator will be published next week. The median estimate of economists, GDP growth should reach 0.2%, whereas in the previous six quarters were only negative.

We also add that not a lot of pressure Eurocurrency have data from France, which showed that industrial production in the second largest economy of the euro zone in June fell by 1.4% compared with May. Economists had expected a rise of 0.1% in June. In manufacturing, a decline of 0.4%. In May the total industrial production decreased by 0.3%. Published negative data contrast with the optimism of the Government in recent years regarding the strengthening of the economy after the recession at the beginning of this year. French President Francois Hollande said in a television interview in July, the beginning of recovery, and government ministers have repeatedly said that they expect the economy to return to growth in the 2nd quarter. However, industrial production in the 2nd quarter increased by 1.4% compared to the 1st quarter and by 0.2% compared with the 2nd quarter of 2012.

The pound fell slightly against the dollar, retreating from earlier highs. Note that initially helped the growth of currency positive trade balance data, but since this indicator was not rated highly the interest of market participants began to gradually fade away, and that provoked a slight depreciation of the currency.

Recall that the submitted report showed that by the end of June month trade deficit Britain fell to a level of 8.1 billion pounds, compared with the upwardly revised figure for May in the amount of 8.7 billion pounds. We add that according to the average estimate of economists figure was to make -8.5 billion, which would be unchanged compared with the value for May, which was originally reported.

The Office for National Statistics reported that the June decline of 0.6 billion pounds was within normal monthly changes.

In addition, the data showed that the visible trade deficit was partially offset by a surplus in services at the level of 6.500 billion pounds. As a result, the overall trade deficit fell in June to 1.5 billion from 2.6 billion pounds in the previous month.

It should also be noted that the volume of exports of goods rose in June by 1.3 billion pounds, while reaching a record 26.9 billion pounds, while imports increased by 0.700 billion pounds - to the level of 35 billion pounds.

The Australian dollar rose sharply against major currencies, which, first of all, have helped the data presented by China.

The National Bureau of Statistics reported that by the end of last month consumer price inflation in China has remained unchanged, while producer prices fell more than expected, thus fixing the seventeenth consecutive monthly decline. According to experts, the data give the central bank more room to ease monetary policy in the backdrop of sluggish growth.

According to the report, the rise in consumer prices in the month of July was at 2.7 percent, remaining unchanged compared to June, which was fixed four-month high. It is worth noting that the last result was slightly lower than expected inflation - at around 2.8 percent. In addition, we add that consumer price inflation was much lower than the government target at around 3.5 percent.

Meanwhile, it was reported that producer prices continued their decline, underscoring the weakness of domestic demand. The report showed producer prices fell last month by 2.3 percent year on year, which was followed, after falling 2.7 percent in June. Add that many experts forecast a drop of 2.0 percent.

EUR / USD: during the European session, the pair fell to $ 1.3364

GBP / USD: during the European session, the pair dropped to $ 1.5516

USD / JPY: during the European session, the pair fell to Y96.37

At 12:15 GMT Canada will announce the number of Housing Starts in July, and the unemployment rate and the change in the number of employed in July.

09.08.2013 12:00


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