Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

10.12.2013 19:21

American focus : the euro and the yen rose against the dollar

The euro is on a six-week high against the dollar due to the reduced likelihood of tighter monetary policy. Even if Fed officials decide to start reducing asset repurchase at a meeting in December , it will probably be a small change , in order to avoid the sale of the bond market , which could increase the long-term interest rates and to strike at the U.S. housing market .

At the same time , rising expectations create a " banking union " in the euro area in 2014 , with the possibility to close the banks are going bankrupt , support the euro. The decision to create a " banking union " can be taken before the end of the year.

At a meeting of EU finance ministers in Brussels will likely be made ​​steps towards establishing a " banking union ." It is considered as a key factor in strengthening the eurozone ahead of a possible future debt or financial crisis.

Factors are reducing the dollar falls in expectations for the reduction of "quantitative easing" this month and reduced Treasury yields , which makes the dollar less attractive asset .

The euro exchange rate fell slightly earlier against the dollar , on what influenced weak report on industrial production in France. Data from the National Bureau of Statistics Insee showed that industrial production in France unexpectedly fell in October , registering with the second monthly decline in a row, which is another sign of a weak start to the last quarter of 2013 in the euro area .

According to the report , industrial production in the second largest economy in the eurozone fell in October by 0.3 % on a monthly basis , which followed after a similar drop in September. Analysts had expected growth in October by 0.2%. Reduction in October confirms steady downtrend issue in the industrial sector . Falling for the three months to October was 0.6 % compared with the previous three-month period .

The yen rose against the U.S. dollar , which was associated with the publication of data on Japan. Despite today's pullback , the couple grows 7th consecutive week against the backdrop of risk appetite , which activates sell yen . As for the reports , orders for machinery and equipment in Japan increased by 15.4 % y / y in November , nearly doubling the October value of 8.4%.

Meanwhile, it became known that the level of consumer confidence in Japan improved in November , but less than economists had forecast .

The unadjusted consumer confidence index , which excludes households with one person was in the last month of 41.9 points, compared with 41.2 in October. Economists expected the index to rise to the level of 44 points .

Sub- index of overall confidence rose to 39.1 in November from 37.7 a month earlier. At the same time , the sub- index , which assesses the expectations regarding the growth of household income rose to 39.1 from 38.1 . We also add that consumers' willingness to buy durable goods was less positive in November - the corresponding indicator fell to 42.4 from 42.9 in October. Employment sub-index rose to 47.1 from 46.1 .

Pound traded mixed against the dollar , which is primarily due to the release of data on Britain. The Office for National Statistics reported that industrial production in the UK rose in October , while the figures for international trade continued to disappoint , highlighting the challenges facing policy-makers who are eager to see the rebalancing of the UK economy on the export of consumer spending.

The report showed that production in the manufacturing sector rose by 0.4 % between September and October , which helped increase the total volume of industrial production by 0.4%. I also add that the production in the manufacturing sector turned in October by 2.7 % higher than the same period a year earlier , which allowed to fix the largest annual growth rate since May 2011.

Led growth activity was the production of cars, airplanes and other vehicles , which in October reached its highest level since the beginning of research in 1968 , said the Office for National Statistics .

But the rise in industrial production in October was not reflected in the UK trade figures . Although the UK deficit in trade in goods with the rest of the world fell in October to 9.7 billion pounds, he was bigger than analysts had expected - at 9.2 billion pounds .

In addition , we add that the deficit in trade in goods for September was revised up to 10.1 billion pounds from 9.8 billion pounds . We also learned that the UK deficit in trade in goods with the European Union set a new record in October - at 6.5 billion pounds .

10.12.2013 18:20

European stocks 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