Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

13.07.2015 18:20

American focus: the dollar rose against most major currencies

The euro depreciated significantly against the dollar, reaching a minimum of 9 de Julio. Experts say after eurozone leaders agreed on a new program to save Greece, investors have switched attention to the possibility of higher interest rates in the United States this year. Recall, last Friday, the head of the Federal Reserve Janet Yellen said that the central bank retains plans to raise interest rates this year. On Wednesday, Fed Chairman Yellen plans to address the Committee on Financial Services in Congress. Traders will closely monitor its performance, to get further guidance on the timing rise in US interest rates.

As for Greece, the results of Sunday's talks the leaders of the eurozone failed to reach unanimity on the third bailout. On Monday and Tuesday the Greek parliament to approve new legislation to implement the measures agreed in Brussels, including pension reform and a new sales tax regime. The parliaments of a number of eurozone countries also must approve any new funding crisis. President of the Eurogroup Deysselblum said that negotiations on the financing of Greece will begin immediately to help cope with debt payments. He also said that Greece will allocate state assets by € 50 billion in a fund to recapitalize Greek banks. We also learned that the ECB after the agreement of Greece with creditors decided not to change the funding of Greek banks in the framework of emergency provision of liquidity (ELA). Today, in a conference call members of the Governing Council of the ECB confirmed the upper limit of the ELA at the same level - 88.6 billion euros. ELA volumes remain unchanged from June 23, while on Monday the ECB tightened the requirements for collateral assets that Greek banks for emergency loans provided by the ECB. In accordance with the applicable rules of the ECB, the funds available ELA Greek banks as long as they are solvent and have adequate security.

The pound fell moderately against the dollar, returning to the level of opening of the session. Recall GBP / USD pair reached session highs around $ 1.5590 after the announcement of an agreement between the EU and Greece, but bullish momentum quickly faded, and the pair began to fall. Experts say investors are gradually shift focus to tomorrow's report on inflation in Britain, and labor market data, which will be released on Wednesday. According to forecasts, the consumer price index rose 0.1% against + 0.2% in May, while the number of applications for unemployment benefits fell by 9 thousand., After declining by 6.5 thous. In May.

The Canadian dollar depreciated significantly against the US dollar, approaching to the lowest since March 18. In the course of trading influenced the data for China, as well as meeting the expectations of the Central Bank of Canada. Recall, the volume of Chinese exports rose in June by 2.1% compared to June of last year, official data showed. The indicator showed growth for the first time in four months. The volume of imports fell by 6.7%. Analysts on average had forecast export growth of 1.2% and a decrease in imports by 16.2%. In May, the volume of Chinese exports decreased by 2.8%, imports - fell by 18.1%. Export growth at the same time with the stabilization of domestic demand due to the measures taken by the Chinese authorities of monetary and fiscal stimulus is likely to allow China to avoid further weakening of economic growth, experts say. The report underlined expectations that Beijing may resort to further easing to bolster the economy.

As for the decision on the interest rate of the Bank of Canada, which will be announced on Wednesday, several economists have raised the probability that the Central Bank will lower the benchmark interest rate by another 25 basis points amid signs that the Canadian economy has not stabilized after the fall in oil prices. "The combination of falling oil prices and rising US dollar prevented the Canadian dollar showed an increase after the employment report, released last week," - said Scott Smith, an analyst at Cambridge Global Payments.

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