Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

11.06.2015 18:20

American focus: the US dollar rose

The US dollar traded higher against the euro and the Japanese yen, despite the fact that US data indicate uneven economic recovery.

The dollar lost ground in the beginning of the session after news that US retail sales in May rose slightly less than expected, and applications for unemployment benefits last week rose slightly more than expected. The data sparked concerns about the fact that the economy is recovering too slowly A tightening of monetary policy, which would increase demand for the dollar.

The number of Americans who first applied for unemployment benefits rose last week but remained near the values ​​indicating a stable situation on the labor market. This was reported in the Labor Department report. The number of initial applications for unemployment benefits rose by 2,000 to a seasonally adjusted, reaching 279,000 in the week ended June 6th. Economists had expected 277,000 new claims. We also add the figure for the previous week was revised up to 277,000 from 276,000.

Retail sales in the US increased significantly the end of May, accelerating from the previous month, a sign of increasing consumer spending after a weak start to the year. This was reported in the statement of the Ministry of Commerce. According to data seasonally adjusted retail sales rose in May by 1.2%, reaching $ 444.9 billion. We also add the figure for April was revised up to + 0.2% from 0.0% per cent, and in March the volume sales up + 1.5% to + 0.9%, the largest monthly gain in the last five years. Economists had expected sales to rise 1.1%.

However, later in the session the dollar rebounded as some investors are once again opened their positions in anticipation of the growth of the dollar, which they closed on Wednesday, when the yen rose on comments Governor of the Bank of Japan Haruhiko Kuroda.

A further decline in the euro constrain new projections from the World Bank. Experts pointed out that the euro zone economy in 2015 will recover faster than expected. The forecast of world economic growth for the current year rate of monetary union increased to 1.5 per cent. Previously, experts came from growth of 1.1 percent. As economists say, growth in the euro area contribute to the weak euro, and falling oil prices. In 2016 and 2017 figure, according to World Bank forecasts, will amount to 1.8 and 1.6 percent respectively.

The yen depreciated considerably against the dollar, having lost more than half earned last position, which helped comments Source of the Government of Japan. Who requested anonymity, a source from the Cabinet Office of Japan, he said that the comments of the Bank of Japan Kuroda against the yen were careless and did not express the position of the Prime Shinjo Abe. Yesterday the manager of the Central Bank Haruhiko Kuroda said that the real effective exchange rate of the yen is unlikely to continue to decline. Speaking in parliament, he said that the yen against the currencies of trading partners in Japan "significantly low" if it is to adjust to the difference in the levels of inflation in these countries.

11.06.2015 16:30

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