Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

14.08.2013 18:20

American focus: the pound rose sharply against the dollar

The euro exchange rate is trading weaker against the U.S. dollar, although it regained some of the lost ground earlier. Note that the drop in the value of the single currency was even out strong GDP data for the euro zone, Germany and France. As it became known, eurozone GDP in the 2nd quarter, up 0.3% compared with the previous quarter. Compared to the same period last year, GDP Monetary Union fell by 0.7%. The results were better than expected by experts who predicted the growth of the first indicator by 0.2%, and the fall of the second - by 0,8%.

According to revised data, in the 1st quarter of the euro zone economy falling relative to the fourth quarter was 0.3%, not 0.2% as previously expected.

The most significant increase in GDP was recorded in Germany and France, which are the largest in the eurozone. The German economy grew by 0.7%, while experts predicted growth of 0.6%. The French economy for the period increased by 0.5%, analysts were expecting a 0.2% rise.

Note that in the course of trade was influenced by the U.S. data, although to a lesser extent.

The Labor Department said producer prices in the U.S. unexpectedly remained unchanged in July, as rising pharmaceutical costs offset the fall in energy prices.

According to the report, the producer price index was flat in July after a 0.8% increase in June. Economists had expected the index to rise by 0.4%.

Basic producer price index, which excludes food and energy, rose 0.1% in July after rising 0.2% the previous month. According to expectations, the underlying index should have grown by 0.2%. The index of producer prices for cars in July fell by 1.1%. The index of producer prices for energy carriers in July fell by 0.2%. The index of producer prices for raw materials in July rose by 1.2%. The index of producer prices for intermediate goods in July remained unchanged.

Value of the pound has risen substantially against the dollar, which was associated with the release of data on the labor market and the publication of minutes of the Bank of England.

In July, the unemployment rate in Britain fell by 29.2 million, exceeding the median forecast of -14.3 million and were better than the result of the June -29.4 million (restated). Unemployment rate by ILO standards in the three months to June remained at around 7.8%.

As shown by the Bank of England meeting minutes from July 31-August 1, members of the MPC voted unanimously to maintain the interest rate at around 0.5%.

Meanwhile, transparent communication policy, proposed by Mark Carney, and assuming that the Central Bank will not raise rates from the current level as long as inflation in the next 18-24 months will not fall under the 2.5% mark, won the support of 8 members. Martin Weale voted against the adoption of the new policy, explaining it by the fact that the "preferred to him in the time range of the inflation forecast is shorter than what was proposed."

All members of the MPC unanimously in favor of keeping the size of the previous program of asset purchases (£ 375 billion). However, some members of the MPC noted that you may need additional stimulus, but this will depend on the first effects of the policy of transparency.

In addition, the report showed that all members of the MPC considered market expectations for a rate hike, "Central Bank forecasts inappropriate" for the British economy.

The Australian dollar rose against its U.S. counterpart, which has helped the publication of positive data on Australia.

As the results of recent studies that have been presented today Melbourne Institute and Westpac, in the current month Australian consumer sentiment index rose because the last rate cut, it seems, has led to the fact that people have become more confident in their financial opportunities that promises growth consumption in the coming months. According to a report, in the month of August consumer sentiment index rose by 3.5%, reaching a level of 105.7 in this case. In addition, it was reported that over the past 12 months, the index increased by 9.4%.

In addition, the data showed that on issues of family finances compared to last year growth in August was an impressive 13%. At the same time, it became known that the rate of Finance forecast for the next 12 months increased by 9.7%, as compared to August last year, an increase of 23%.

We also add that the index, which tracks expectations for the economy over the next 12 months also increased significantly - by 5.5%, while respondents were more careful in the forecast for the next five years.

14.08.2013 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