Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


07.11.2013 13:16

European session: the euro fell

06:45 Switzerland SECO Consumer Climate Quarter III -9 -2 -5

08:00 Switzerland Foreign Currency Reserves October 432.4 434.7

11:00 Germany Industrial Production s.a. (MoM) September +1.6% Revised From +1.4% +0.2% -0.9%

11:00 Germany Industrial Production (YoY) September +0.9% Revised From +0.3% +0.8% +1.0%

12:00 United Kingdom Asset Purchase Facility 375 375 375

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:00 United Kingdom MPC Rate Statement

12:45 Eurozone ECB Interest Rate Decision 0.50% 0.50% 0.25%


The euro fell sharply against major currencies after the ECB decided to lower its key policy rates to a new record low , and the lending rate , as some analysts predicted after last week's euro zone inflation data came out much worse than expected. The Governing Council of the ECB lowered its main refinancing rate by 25 basis points up to 0.25 %. The bank also lowered the rate of lending by 25 basis points to 0.75 %, while the deposit rate remained unchanged at 0.00%. ECB refrained from lowering rates in May . Now all attention turned to the speech of the Central Bank , Mario Draghi , who will comment on the government's decision at a press conference scheduled for 13:30 GMT.

Previously, the pressure on the single currency had data on German industrial production . The volume of German industrial production fell more than expected to 0.9 percent in September , although the two-month average suggests that the situation in the industry in Europe's largest economy is on the path to growth. Industrial production declined in spite of the consensus forecast of economists, who had expected growth of 0.2 percent. The value in August was revised upwards by 0.2 percentage points , and recorded a growth of 1.6 percent. The two-month average showed a slight increase in production of 0.6 percent , according to the Ministry of Economy. " Production in the manufacturing sector as a whole is on the way up , despite a slight decrease in the current level," the ministry said .

The pound fell against the dollar after the ECB decision , but previously ignored the decision of the Bank of England to keep monetary policy unchanged. At the last meeting of the Bank of England did not bring any surprises markets , leaving the key lending rate at a record low 0.5 %, where it has been since March 2009 , while the purchase of assets remained at £ 375 billion the central bank announced its intention to keep rates at a low level as long as the rate b / d in Britain will not fall below 7% , which is not expected before 2016. The latest economic forecasts willows within the inflation report will be published on 13 November. Minutes of this meeting will be made public on Wednesday, November 20.


EUR / USD: during the European session, the pair fell to $ 1.3353


GBP / USD: during the European session, the pair fell to $ 1.6015

USD / JPY: during the European session, the pair rose to Y98.81

At 13:30 GMT will be the monthly press conference of the ECB . At 13:30 GMT the United States will publish the change in GDP for the quarter , the GDP price index , an index of personal consumption expenditures , the main index of personal consumption expenditures in Q3 . At 19:00 GMT deliver a speech , ECB President Mario Draghi .

07.11.2013 13:00

Orders

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
23
24
25
26
27
28
29
30
31

Quotes

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

  • © 2011-2017 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:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page