Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

10.04.2014 18:15

American focus : the European currency rose against the U.S. dollar

The euro rose against the U.S. currency against the backdrop of French data on industrial production and inflation. Also helped strengthen the news on Greece. Note that Greece for the first 4 years is selling government bonds to gain for them more than 3 billion euros , which was above the expectations of the government. Government bonds with a maturity of 5 years and a low rate of 4.95 % used in demand : the government received bids worth over 20 billion euros from potential buyers. Last Greek bonds exposed to the market in March 2010 , and since then the country's economy depended on help from the "troika" of international creditors (European Commission, European Central Bank and International Monetary Fund. The fact that the country has again entered the market loans , is a positive signal for the economic situation in Greece.

Important for the euro were comments and ECB chief economist Peter Preta , who said that the central bank has not changed its assessment on the conservation rates at current or lower levels for a long period . Pret assured that " forward-looking statements " had a positive impact on the currency markets . Markets Trust ECB, which comes true in a low inflation environment , the economist said . He also noted that the eurozone economy remains quite vulnerable. The recovery process in the euro area is still " modest flows , uneven pace , but it covers more countries ." Senior economist at the Bank acknowledged that , while confidence indicators have increased markedly , the activity has not increased at a pace that raises questions.

Pound fell against the dollar, almost completely offsetting while yesterday's rise as the Bank of England left policy unchanged . The Bank of England did not bring any surprises , decided to leave its key rate at a record low of 0.5% , which she held for 5 years ( since March 2009 ), and a program of bond purchases in the amount of £ 375 billion is expected , the bank managers will not change policies in the coming months as the UK economy for a long time in a state of stagnation , once again demonstrates the rapid growth in a low inflation environment .

It should be noted that the heads of the Bank of England signaled its intention to continue the policy of "cheap money " as long as the increasing number of Britons do not find a job , and the economy approaches the functioning at full capacity , provided that inflation will remain under control. Dates of the first interest rate hikes are crucial : if the central bank will have to wait too long, inflation could accelerate sharply , as if he would take action too quickly, the economic recovery could stall .

The yen rose against the dollar , which was associated with the release of data on the reduction of Chinese exports , which increased demand for " safe havens ." The strengthening of the Japanese yen helped decrease expected to raise interest rates after the release of the Fed minutes of the meeting FOMC. The report showed that in March, China unexpectedly recorded a reduction in exports by 6.6 % compared with the same month last year , after falling 18.1 % in February, which was the worst since the financial crisis. Analysts expected export growth by 4.8%. While imports fell last month to 11.1% in February after rising to 10.1% , resulting in a trade surplus of $ 7.71 billion , according to the General Administration of Customs of China. Experts predicted import growth of 3.9% and a deficit of $ 0.9 billion, the Customs Administration of China announced that it expects to improve trade performance in the second quarter amid recovery in global demand .

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