Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

02.10.2013 12:07

European session: The yen rose against the dollar significantly


01:00 Australia HIA New Home Sales, m/m August -4.7% +3.4%

01:30 Australia Building Permits, m/m August +10.8% -0.7% -4.7%

01:30 Australia Building Permits, y/y August +28.3% +12.3% +7.7%

01:30 Australia Trade Balance August -0.77 -0.45 -0.82

08:30 United Kingdom PMI Construction September 59.1 60.1 58.9

11:00 United Kingdom MPC Member Fisher Speaks

11:45 Eurozone ECB Interest Rate Decision 0.50% 0.50%

The euro exchange rate against the dollar holds tight in anticipation of today's meeting of the European Central Bank , which will be held in Paris for the first time after the statements of the president of the Central Bank , Mario Draghi , the willingness to introduce additional cash into the banking system . We also note that in today's meeting, the ECB left the main refinancing rate unchanged at a record low of 0.5 percent.

Note that , according to experts , Mario Draghi will once again rely on the power of his voice , but will not announce a change of policy . He will try to regulate European banks in the early stages of economic recovery.

"The President of the ECB will refrain from the larger volume of the infusion of money into the financial system to the currency bloc as long as the promise of future action keeps interest rates on the market under control," - said economists from Berenberg Bank to Nomura International Plc. - "Last week, Draghi told investors that the launch of the long-term refinancing operations is possible, but other politicians at the moment deny this possibility ."

Meanwhile, we note that many market participants are awaiting today's release of statistics on the employment market in the United States . According to the median forecast of economists , the September change in the number of employees from ADP, will exceed the previous value and will make 177 thousand new jobs.

The pound rose against the dollar amid anxiety caused by negative developments in respect of the U.S. budget . Recall that has not resolved the issue with the U.S. debt limit increase . In order to avoid a default that could happen on October 17 , Republicans in the Senate and the Democrats in the White House to reach an agreement .

Note that the pound could not prevent even the weak data on the UK , which showed that up to September growth in the UK construction sector unexpectedly slowed.

According to the report, the purchasing managers' index for the construction sector fell in September to a level of 58.9 , up from 59.1 in August. Recall that the August figure was highest in six months. Add that to the experts according to the average value of the index was to rise to the level of 60.1 . However , despite the decline , the index remains above the 50 mark for the fifth consecutive month , signaling a dramatic expansion of the total production in the construction sector.

Meanwhile , the data showed that all three of the construction sector recorded a higher level of activity in September. Residential construction was the strongest with branches , and the last production growth was the fastest since November 2003 .

Commercial construction , meanwhile, increased by the highest rate since May 2012 , and the growth of civil construction activity fell , retreating with the August high .

The Japanese yen has increased significantly against the dollar, which was due to concerns about the U.S. budget , which continues to put pressure on market sentiment . Note that the USD / JPY pair continues to fall for the second day in a row, having lost about 150 points after peaked at Y98.72 before the U.S. announced to stop the government's work . Later , the employment report ADP, which will be published at 12:30 GMT will attract attention of investors , as the release of NFP, scheduled for Friday , has been canceled due to interruption of the administration.

EUR / USD: during the European session, the pair is trading in a narrow range

GBP / USD: during the European session, the pair rose to $ 1.6228 , and then decreased slightly

USD / JPY: during the European session, the pair fell to Y97.25, but later recovered to Y97.50

At 12:30 GMT the euro area will be the monthly press conference of the ECB . At 23:30 GMT Australia will release the index of activity in the service of the AiG in September.

02.10.2013 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