Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

25.03.2014 18:20

American focus : the euro exchange rate rose substantially against the U.S. dollar

The euro exchange rate against the dollar rose sharply , returning almost all the ground lost during today's trading . Impact on the dynamics of the U.S. data , as well as the statements of the ECB's Draghi . Report from the Conference Board showed that consumer confidence index has improved markedly in March , while offsetting the decline in February . The index now stands at 82.3 points ( 1985 = 100 points ) , compared to 78.3 points in February . Present situation index fell to 80.4 points from 81.0 points, while the expectations index rose to 83.5 from 76.5 . Meanwhile, it became known that the assessment of current conditions consumers almost unchanged in March - the proportion of those who reported improvement of business conditions rose to 22.9 percent from 21.2 percent, while those who reported worsening , has risen to 23 2 percent from 22.0 percent . Estimation by consumers of the labor market was relatively unchanged - the proportion of those who said about improving conditions , decreased to 13.1 percent from 13.4 percent, and is reported to decline increased to 33.0 percent from 32.4 percent .

As for Draghi speech , he noted that the ECB will do everything necessary to maintain price stability . Perhaps he hinted at HTA program aimed at helping vulnerable members of the eurozone by buying their government bonds , which was proposed in the fall of 2012, but did not work. He also said that the soft policy will support the gradual elimination of the lag in economic growth. According to him, visible signs that monetary policy becomes more effective . Draghi also spoke about the euro , noting that the strengthening of the euro caused by external factors , including the Japanese monetary policy , as well as increased confidence in the eurozone. Furthermore, he added that the ECB is closely monitoring the situation with the exchange rate.

The British pound rose against the dollar , helped by data on inflation in Britain and weak U.S. data . In the UK inflation slowed in February , as expected , to a four-year low due to lower transport prices showed Tuesday, official data Office for National Statistics . Consumer prices rose 1.7 percent year -on-year after increasing 1.9 percent in January. Growth rates in line with economists' expectations . On a monthly measurement of consumer prices rose by 0.5 percent , according to the forecast , offsetting a drop of 0.6 percent in January. At the same time, core inflation , which excludes prices of energy, food , alcoholic beverages and tobacco , rose to 1.7 percent from 1.6 percent .

Meanwhile, U.S. data showed that new home sales fell in February , becoming the latest sign that the severe weather conditions and rising mortgage rates undermine the housing market recovery . Sales of newly built homes fell 3.3% to a seasonally adjusted annual rate of 440,000 compared with the previous month , the Ministry of Commerce said . Strong growth in January was revised downward to an annual rate of 455,000 . Data on sales of new buildings represent a small portion of the homes purchased in the United States and may be subject to significant revisions . But they provide more current sensor market conditions than some other figures , because they are calculated at the time of signing the contract , and not when it is closed . February sales were lower than expected by economists and 447,000 were at the lowest level since September.

25.03.2014 18:00

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