Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

05.12.2014 07:30

Foreign exchange market. Asian session: the greenback traded stronger against its major counterparts

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual

05:00 Japan Leading Economic Index October 105.6 104.0

05:00 Japan Coincident Index October 109.8 110.2

07:00 Germany Factory Orders s.a. (MoM) October +0.8% +0.6% +2.5%

07:00 Germany Factory Orders n.s.a. (YoY) October -1.0% +2.4%

The greenback steadied against the single currency after yesterday's highly volatile trading. In yesterday's speech ECB president Mario Draghi said that the bank will not immediately extend its stimulus program and will reassess the success of what has been done already and the impact of the declining oil prices early next year. Investors were disappointed as they speculated that the ECB will announce further stimulus measures. The ECB revised down forecasts for growth and inflation. Markets are now awaiting U.S. Nofarm Payrolls and the Unemployment Rate being published at 13:30 GMT and Eurozone's GDP earlier in the session at 10:00 GMT.

The Australian dollar traded weaker against the greenback after disappointing data on the AiG Performance of Construction Index. The index declined to 45.4 in November dropping from expansion territory with a previous reading of 53.4. Goldman Sachs Australia Chief Economist Tim Toohey predicted the aussie will slide to 83 U.S. cents in three months and 79 U.S. cents in the next year.

The New Zealand dollar further weakened against the U.S. dollar falling near a three-week low. Plummeting milk-prices weigh on the currency.

The Japanese yen fell for a fourth consecutive day against the U.S. dollar trading above the important USD120 level for the first time since July 2007, currently quoted at USD120.08. Solid U.S. data, Japan in recession and expectations that Prime Minister Abe will win in the upcoming elections put further pressure on the currency. The yen already lost more than 15% since June 30.

EUR/USD: the euro steadied against the greenback

USD/JPY: the U.S. dollar traded stronger against the yen

GPB/USD: The British pound traded lower against the U.S. dollar

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

08:00 Switzerland Foreign Currency Reserves November 460.4

09:30 United Kingdom Consumer Inflation Expectations November +2.8%

10:00 Eurozone GDP (QoQ) (Revised) Quarter III +0.2% +0.2%

10:00 Eurozone GDP (YoY) (Revised) Quarter III +0.8% +0.8%

13:30 Canada Trade balance, billions October 0.7 0.4

13:30 Canada Employment November 43.1 5.3

13:30 Canada Unemployment rate November 6.5% 6.6%

13:30 U.S. International Trade, bln October -43.0 -41.2

13:30 U.S. Average hourly earnings November +0.1% +0.2%

13:30 U.S. Nonfarm Payrolls November 214 225

13:30 U.S. Unemployment Rate November 5.8% 5.8%

13:45 U.S. FOMC Member Mester Speaks

15:00 U.S. Factory Orders October -0.6% -0.2%

19:45 U.S. FED Vice Chairman Stanley Fischer Speaks

20:00 U.S. Consumer Credit October 15.9 16.5

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