Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

03.06.2015 18:03

American focus: the dollar fell markedly against most major currencies

The euro rose substantially against the US dollar came close to the level of $ 1.13. Despite the growing uncertainty around Greece and the fall of the chances of reaching an agreement this week, interest in buying back the euro. The fall in the bond market in Germany led to increased yields on 10-year securities to new yearly highs, which supported the euro rally. Today, some media reported, citing sources, that the international creditors at a meeting in Berlin reached a consensus on the parameters of proposals to the government of Greece. Earlier, a source in official circles of Greece said that the European Central Bank increased the limit of the amount of funding Greek banks in the framework of emergency provision of liquidity (ELA) by 500 million euros. The total amount of funding for Greece ELA is now 80.7 billion euros, the source said. Meanwhile, the Ministry of Finance of Germany Schaeuble said that the talks between Greece and its European partners can be delayed for a longer period than expected. He once again showed pessimism, called "unjustified" any expression of optimism on this issue.

A little influenced by the statements of the ECB Draghi. During the press conference, Draghi said that inflation will accelerate later this year and will continue to rise in 2016 and 2017. Inflation forecasts for 2015 revised to increase as expected, the ECB revised its inflation forecasts for the current year upwards, while the assessment for 2016 and 2017. remained unchanged. Now the ECB expects inflation in 2015 will increase by 0.3% against the March estimate of 0%. In 2016 and 2017 inflation is expected to rise by 1.5% and 1.8%, respectively. Draghi added that the QE program will support inflation expectations and domestic demand will remain the main driver of the economic recovery. Meanwhile, the head of the ECB said that the ECB wants Greece to remain in the euro area, but it is necessary to reach an agreement - this, which would have resulted in economic growth was supported by fiscal and solve problems remaining sources of financial instability.

The pound appreciated sharply against the dollar, returning all previously lost positions today, due to expectations of the meeting of the Central Bank of Britain. Recall, on Thursday will be announced the results of the next meeting of the Bank of England, which experts do not expect a change in monetary policy. Leaders of the Bank of England is expected to grow the UK economy in the 2nd quarter accelerated after a weak start of the year. In May, all nine members of the Monetary Policy voted to leave its key interest rate at a record low 0.5%, and the volume of bond purchases - at the level of 375 billion pounds.

Previously, the pressure on the pound had evidence of business activity in the services sector. UK service sector expanded weakest pace in five months in May as the pace of growth in output and new business deteriorated, showed on Wednesday the results of research by Markit Economics. The seasonally adjusted index of purchasing managers in the UK for services from Markit / CIPS, fell to 56.5 in May from 59.5 in April. However, any reading above 50 indicates expansion in the sector. Last index decline was the steepest since August 2011, but it is still above its long-term average of 55.2. New orders received in the UK services sector grew twenty-ninth consecutive month in May, but the pace of growth was the slowest since December 2014.

03.06.2015 16:36

WSE: Session Results

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