Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


28.07.2016 06:33

Asian session review: the euro strengthened

During the Asian session, the euro holds its positions against the dollar trading near yesterday's high, after the announcement of the US Federal Reserve on monetary policy. Yesterday, the US dollar initially rose after the FOMC announcement but for quick handed its positions, as the Fed's statement, issued after a two-day meeting, led investors to revise their expectations of rising interest rates before the end of the year.

The US Federal Reserve, following the meeting, raised its assessment of the situation in the economy, saying that the short-term risks to the outlook have decreased. The leaders of the central bank left the door open for a rate hike later this year, possibly as early as September. Nine out of ten members of the committe voted to keep the key interest rate range unchanged at 0.25% -0.5%, but more optimistic assess the situation on the labor market and in other sectors of the economy.

Some investors expect the Fed clearer signals regarding the rate hikes in the coming months. CME Group recently pointed out that investors see a 24% probability of a rate hike in September compared to 27% probability earlier on Wednesday.

The Australian dollar strengthened against the background of the widespread weakening of the US dollar. Also today the Australian Bureau of Statistics said that export prices in the second quarter increased by 1.4% after a decline of -4.7% in the first quarter. Agricultural products and minerals account for over 60% of the exports of manufactured goods Australia. Thus, changes in raw material price movements affect the Australian economy and leads to volatility for the Australian currency. The rise in prices is a medium-term risk as the price increase is accompanied by a fall in demand.

Import Price Index in the second quarter decreased by 1%. The decline has been less than in the first quarter, when the import price index weakened to -3%. The higher the price of imported goods, the greater the effect will be on inflation.

The combination of higher export prices and lower import prices trade gain 2.7% for the quarter. This value can be added in the calculation of GDP for the second quarter.

The yen traded mixed on the eve Bank of Japan meeting. It is expected that BoJ will carry out an easing of monetary policy to support the economy.

"Large-scale measures of fiscal stimulus may cause the Bank of Japan to go to more drastic steps - said Marc Chandler of Brown Brothers Harriman -. It seems that market participants remain skeptical."

Yesterday, Prime Minister of Japan Shinzo Abe has made it clear that the government is preparing a stimulus package totaling 28 trillion yen.

"If the Government of Japan intends to revive inflation expectations, it is not enough to repeat the previous incentives should include in the program budget spending to stimulate consumption and capital investment." - SMBC Friend Securities.

EUR / USD: during the Asian session, the pair was trading in the $ 1.1050-65 range.


GBP / USD: during the Asian session, the pair was trading in the $ 1.3170-85 range.


USD / JPY: during the Asian session, the pair was trading in Y104.60-80 range.

28.07.2016 06:22

WSE: Before opening

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Quotes

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

  • © 2011-2017 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:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page