Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

23.05.2016 18:20

American focus: The US dollar lost ground against the previously-earned euros

The euro rose against the dollar mildly, returning to the level of opening of the session, which was caused by the publication of weak US data. The Markit Economics reported that the preliminary manufacturing PMI fell to 50.5 in May from 50.8 in April, giving way to increasing expectations to 51.0. It was the lowest level since September 2009. The decrease was due to lower production and weaker growth in new orders. "PMI manufacturing data cast doubt on the ability of the US economy to rebound from a disappointing start of the year in the second quarter," - said the chief economist at Markit Chris Williamson.

In the course of trading and continued to influence mixed indicators on business activity in the euro area. Preliminary results of a survey by Markit showed that private sector growth in the euro zone eased to 16-month low in May. Composite PMI fell unexpectedly to 52.9 in May from 53 in April. According to forecasts, the index is expected to grow to 53.2. Managers' Index for the service sector purchases remained at 53.1, while experts waited increasing to 53.3. The manufacturing PMI fell to 51.5 from 51.7 in April. Economists had expected the index to improve to 51.9. Chris Williamson, chief economist at Markit, said: "The disappointing PMI data for May suggest that robust economic growth, which saw in the first quarter, will be temporary PMI index indicates a GDP growth of only 0.3 percent in the second quarter." . In addition, it became known that the French private sector growth improved to 7-month high in May. The composite output index rose to 51.1 in May, a 7-month high, from 50.2 in April. in the service sector Purchasing Managers Index rose to 51.8, while, according to forecasts, it was to remain at 50.6, as it was registered in April. The manufacturing PMI reached 48.3 against 48 in April. It was below the expected reading of 48.8. Another report showed that Germany's private sector activity grew at a faster pace in May. The composite output index rose to a 5-month high of 54.7 in May from 53.6 in April. Manufacturers and service providers reported higher growth rates, which some respondents attributed to the processes of work in progress and the increase in new orders.

The pound rebounded against the dollar, reaching the opening level. Since today, Britain has not published any reports on the course of trading influenced speculation about Brexit. According to the latest information agency TNS, the results of the online survey showed that output supporters of EU staff ahead of opponents Brexit: 41% in favor of withdrawal from the EU, 38% - against Brexit, and 21% - difficult to answer. Later this week, investors will be watching the consumer confidence index of the UK, as well as the report on GDP. Given the economic slowdown, the rise of political uncertainty and the decline in the index GfK in the last month, experts predict that the consumer confidence index drops again. Meanwhile, the second estimate of GDP for the 1st quarter, is likely to confirm the early predictions of slowing economic growth. According to expert estimates, GDP grew by 0.4% after rising 0.6% in the 4th quarter of 2015. In annual terms, GDP growth is expected to stabilize at 2.1%.

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