Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

12.02.2014 06:23

Asian session: The dollar held

02:00 China Trade Balance, bln January 25.6 24.2 31.9

The dollar held declines against most of its major counterparts before a report tomorrow forecast to show U.S. retail sales stalled last month. U.S. retail sales stagnated in January after a 0.2 percent gain the month before, according to the median estimate of economists surveyed by Bloomberg News before the U.S. Commerce Department reports the data tomorrow. The Labor Department said on Feb. 7 hiring in the U.S. rose by 113,000 in January, fewer than the 180,000 gain forecast by economists.

The Bloomberg Dollar Spot Index was near the lowest in almost a month after Federal Reserve Chairman Janet Yellen said yesterday the recovery in the U.S. labor market is “far from complete.” Yellen told the House Financial Services Committee yesterday that policy makers would continue to scale back stimulus in “measured steps,” and repeated the Fed’s statement that asset purchases aren’t on a “pre-set course.”

Australia’s currency rose to a four-week high after China trade surged. In China, imports climbed 10 percent last month from a year earlier, topping every estimate in a Bloomberg economist poll. Exports gained 10.6 percent, also exceeding all forecasts. The data comes after the Lunar New Year holiday between Jan. 31 and Feb. 6.

Bank of Japan Governor Haruhiko Kuroda told parliament today that markets have maintained trust in Japan’s finances, and fiscal consolidation is necessary to keep it. Policy board member Takahide Kiuchi said in an interview with Japan’s Nikkei newspaper that additional monetary easing to offset the effect of a sales tax increase in April may have negative side effects.

European Central Bank President Mario Draghi will deliver the keynote address at a conference in Brussels today.

EUR / USD: during the Asian session the pair fell to $ 1.3625

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6440-55

USD / JPY: on Asian session the pair fell to Y102.40

There is a full calendar again Wednesday, although again data is largely second tier and appearances by central bankers will again dominate. The European

calendar gets underway at 0745GMT, with the release of the French December current account data. At 0815GMT, Swiss January CPI data will cross the wires. ECB Governing Council member Ewald Nowotny will take part in the ECB/BNB Conference, in Brussels. Luc Coene speaks at the same event from

0900GMT. EMU December industrial output data will be released at 1000GMT. The German government issues its annual economic report, including updated forecasts, in Berlin at 1100GMT. At the same time, ECB Executive Board member Peter Praet will speak on "Banking faces the 21st century", in Madrid. Appearances by central bank heads continues at 1530GMT when ECB President Mario Draghi delivers a speech at ECB/BNB conference, in Brussels. At

1830GMT, ECB Executive Board member Benoit Coeure will give a keynote speech at reception for the German-Asian business circle, in Bad Homburg, Germany. Sovereign issuance will see Germany sell a new 2-year benchmark issue -- Mar 2016 Schatz for up to E5bln and Italy issue a new 12-month BOT, maturing Feb 13, 2015 for E8bln. The main UK event comes at 1030GMT, when the Bank of England releases the February Quarterly Inflation Report and Governor Mark Carney faces the press.

The US calendar gets underway at 1200GMT, with the release of the MBA Mortgage Index for the February 7 week. At 1345GMT, St. Louis Federal Reserve Bank President James Bullard will sit on a panel discussing the economic outlook, in New York. The EIA Crude Oil Stocks data for the Feb 8 week will

cross the wires at 1530GMT. Late US data sees the release of the January Treasury Statement at 1800GMT.

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