Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

09.10.2013 17:55

American focus : the pound has fallen significantly against the U.S. dollar

The dollar rose significantly against the euro, the most likely cause of what may be called expectations regarding publication of the minutes of the last meeting of the Committee on the open market. As we all remember , the last meeting of the Committee took an unexpected decision not to reduce the size of the program QE. The current protocol is to better understand the distribution of forces in the Committee , thereby giving more guidance on further Fed action .

It should be noted that the recent failed attempts to make a sustained break above 1.3600 provoked the current correction, which can be accelerated in the event of a friendly tone of the Fed.

Meanwhile, we add that , despite the recent rebound in risk appetite due to Obama's intention to nominate Janet Yellen as the new Fed chairman after the departure Bernanke , the market's attention once again shifted to the ongoing crisis in the Congress , where both parties refuse to compromise .

The news of Yellen was not unexpected , since it has become a prime candidate . However, confirmation that Yellen nominated for the post of head of the Central Bank, will point to the absence of risk of aggressive policy tightening .

But , as expected , the effect of the news of the Yellen gradually fades away , and the players' attention switched back to the situation in the U.S. government and key date coming on October 17. If Congress does not take a bill to raise the debt ceiling, it is unable to service its debt .

Despite rumors of negotiations between Republicans and Democrats , in fact, the situation remains deadlocked and does not receive development.

The pound has fallen against the U.S. dollar, which was triggered by the release of weak data from Britain.

As it became known , the industrial production in the UK unexpectedly fell in August to the lowest in almost a year , putting into question the strength of economic recovery in the third quarter.

Industrial production fell by 1.1 percent from July , when it rose 0.1 percent, the Office for National Statistics . According to the median forecast of economists rate was to increase by 0.2 percent. In the factories production declined by 1.2 percent ( the largest decline contributed to the decline of manufacturing of pharmaceutical preparations).

It should be noted that the International Monetary Fund yesterday raised its forecast for GDP growth in the UK, but today's data suggests that the industrial sector is lagging behind in development. Policy of the Bank of England is likely to keep policy unchanged , to strengthen the recovery.

Meanwhile , it was revealed that the total industrial production rose by 1.1 percent in the three months to August.

In a separate report ONS said that the trade deficit in goods fell to 9630 million pounds ( 15.5 billion U.S. dollars) from 9.94 billion pounds. Exports rose 1.1 percent, while imports fell by 0.1 per cent. The deficit with the European Union expanded.

09.10.2013 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