Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

01.04.2011 12:06

EU session review: Yen declines for seventh day ahead of US data

Data released
07:45     Italy     PMI (March)    56.2    58.2    59.0
07:50     France     PMI (March)    55.4    56.6    55.7
07:55     Germany     PMI (March) seasonally adjusted    60.9    60.9    62.7
08:00     EU(17)     PMI (March)    57.5    57.7    59.0
08:30     UK     CIPS manufacturing index (March)    57.1    60.8    61.5
09:00     EU(17)     Unemployment (February)    9.9%    9.9%    9.9%

The yen headed for its longest losing streak against the dollar since July 2005 and the Swiss franc declined amid speculation that global growth will be robust, boosting demand for higher-yielding assets.
Japan’s currency dropped to a 10-month low against the euro on speculation the Bank of Japan will keep interest rates on hold in the aftermath of the March 11 earthquake, while the European Central Bank begins a round of increases.
“In general, world economic growth is quite strong,” said Lutz Karpowitz, a currency strategist at Commerzbank AG. “The negative impacts on Japan’s debt levels from the earthquake are beginning to hit the yen.”
Large Japanese manufacturers forecast on average that the yen will trade at 84.20 per dollar in the year through March 2012, according to the Bank of Japan’s Tankan survey, released today. Almost three-quarters of the responses to the survey came by March 11, the day the magnitude-9.0 earthquake and ensuing tsunami struck the country.
Federal Reserve Bank of Richmond President Jeffrey Lacker said yesterday the central bank should review whether to reduce its planned purchase of $600 billion in Treasuries, a program known as quantitative easing, because of improving economic data.

EUR/USD holds tight today within the $1.4140/80 range.

GBP/USD fell from $1.6080 to the lows around $1.6005. Later rate recovered to $1.6038.

USD/JPY rose to Y83.85 after it fell for short-time to Y83.30.

The main release comes at 1230GMT, when non-farm payrolls are expected to rise 192,000 in March following the weather-related movements in the previous two months, as indicators such as weekly jobless claims point to continued improvement. Private payrolls are seen up 195,000. The unemployment rate is forecast to stay at 8.9% after three straight declines. Hourly earnings are expected to post a 0.2% rise following the flat February reading and the 0.4% January gain.
US data continues at 1400GMT with the ISM data and also Construction Spending. The ISM manufacturing index is expected to rise slightly to a reading of 61.5 in March from 61.4 in February. Regional data already released suggest that the pace of growth accelerated. Construction spending is forecast to fall 0.3% in February after declines in the previous two months on sharp non-residential construction contraction. Weather continued to be a factor in the data
in February. In addition, housing starts fell sharply in February, a negative for residential construction in this report.

01.04.2011 12:31

US: Mar payrolls +216k

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