Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

07.10.2013 18:20

American focus : the pound was up against the U.S. dollar

Euro traded higher against the U.S. dollar , due to the budget debates in the United States . Note that the focus of market participants are still directed to the U.S., where the government still has not resumed work in the absence of the adopted budget for entered a new fiscal year. Both sides continue to hold talks tough position and do not compromise , which ultimately could threaten the economic growth of the world 's largest economy . The situation in the U.S. dollar keeps under pressure , which showed a moderate decline against major currencies.

In general, the situation with the budget issues in the United States will continue to dominate the market in the near future . It will be added to concerns about the need to raise the debt ceiling , which will continue to put pressure on the U.S. dollar.

We add that the rumors about reaching an agreement in the U.S. for 6 months, which may put an end to " shatdaunu " and lead to an increase in the debt ceiling , walk from the 2nd half of the European session , stimulating the dollar, but since they have not been confirmed again the dollar has lost all its past earned the position .

The dollar fell against the yen , reaching with nearly two-month low , as Republicans and Democrats in the United States remain in their positions in opposition to the budget , and the partial termination of the U.S. government continues the following week.

On Sunday, Speaker of the U.S. House of Representatives John Boehner said that he can not go on government funding or an increase in the debt limit without the related negotiations on a broad spending cuts . This differs from the earlier statements Bonera - it was reported that he intends to avoid a default. Treasury Secretary Lew on Sunday said that the Congress was "playing with fire " if not increase the limit of public debt to 17 October.

Add that to the dynamics of trade has also affected the monthly report , which was published by the Central Bank of Japan. He showed that , according to forecasts , industrial production will continue to grow moderately in the coming months.

The report also noted that both public and residential investment is expected to continue upward trend, while business fixed investment will expand at a moderate pace , as the volume continues to increase corporate profits .

Meanwhile, the Bank of Japan has confirmed that private consumption is likely to remain stable, which will support the improvement in employment and an increase in revenue.

We also add that the Bank of Japan is forecast exports will mainly grow at a moderate pace background improvement in overseas economies.

The Canadian dollar fell against its U.S. counterpart after data on the number of building permits were significantly worse than expected , which increased the pressure on the foreign exchange market amid worries about the financial situation in the U.S. , as well as the prospects for global growth .

Data from Statistics Canada show that in August, the number of building permits fell to a record high , recorded in July , which was associated with a decrease in commercial projects, such as retail stores and office buildings.

Note that the total number of permits fell in August by 21.2 % to 6.34 billion Canadian dollars ( 6.14 billion U.S. dollars ) to 21.4 - percent increase in July. Economists had forecast a decline of only 2.4%.

In addition, it was reported that permits for non-residential construction fell by 37.9 % to 2.43 billion Canadian dollars against 3.91 billion dollars last month, while commercial projects fell by 45.8 % to 1.40 billion Canadian U.S. . Add that industrial permits fell 1.2 % to 526 million Canadian dollars , after rising 17.7 % in July , institutional permits fell 36.7 % to 507 million Canadian dollars, and permission for residential real estate fell by 5 , 4 % to 3.91 billion Canadian dollars in August. Note also that the number of housing permits fell 3.0% to 2.17 billion Canadian dollars for projects such as apartments and condominiums, fell by 8.3% to 1.74 billion Canadian dollars.

07.10.2013 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