Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

06.02.2014 19:20

American focus : the euro rose on Draghi's comments

The euro exchange rate has risen sharply against the U.S. dollar after the European Central Bank announced new measures easing monetary policy , and gave no solid hints that it may soon be done that has not met the expectations of some investors who had expected a rate cut .

The euro was due to the fact that after the rate cut at the November meeting, it was expected that this is not enough , and some form of monetary easing will be offered or promised in the future. The absence of this has led to a reduction in rates in the euro's decline .

During a press conference following the decision of the Governing Council of the ECB to leave rates at 0.25 % , Mario Draghi reiterated his commitment to " transparency policy " and retention rates at current or lower levels for a long period of time.

ECB chief said that economic growth in the euro area was restored , as expected , but inflation will remain low for a long period before they reach the target level of 2%. The Governing Council will continue to " closely monitor the situation " and is ready to take " drastic measures" if required.

Moreover, Draghi said the uncertainty in emerging markets as a risk for the economic recovery of the eurozone. He also noted separately weak domestic demand and slow structural reforms in some EU countries as risks.

British pound retreated from lows against the dollar after the Bank of England left interest rates at 0.5% as expected . Program of asset purchases was also left on the 375 billion accompanying statement was not, but the head of the Central Bank Governor Mark Carney said earlier that he was not going to raise rates earlier, and that the target level of unemployment rate in the 7.0 % is not a factor that triggers the policy tightening . It is expected that the minutes of the meeting reflect the increased emphasis on the bank's inflation. Recall that the inflation report last month reflected the value at the target of 2.0 % for the first time in the last 4 years.

Little impact on the currency also had a report that showed that the rise in house prices in the UK slowed slightly in the last month , and confirmed the average forecast of experts. This was stated in the report of Halifax. According to figures for January house price index rose by 7.3 per cent per annum, compared with an increase of 7.5 percent in December. In monthly terms, the house price index rose 1.1 percent in January , while offsetting the 0.5 percent decline in the previous month , which was revised downward from -0.6 percent. Expectations were at the level of 0.4 percent.

06.02.2014 18:23

European stocks close

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


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:

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