Market Overview

3 June 2019 09:27

Maria Gregoriou

The Markit Economics released the Caixin China Manufacturing Purchasing Managers Index (PMI) this morning, showing that operational conditions have improved slightly for May. According to the index, total new work rose at a fast pace for Chinese manufacturing firms in May. Export sales also saw an increase while production was broadly stable. As production rose and employment levels remained the same, a backlog of work continued to be on the rise.
31 May 2019 08:42

Maria Gregoriou

In his latest bid to control illegal immigration from Mexico, U.S President Donald Trump has announced that all goods coming from Mexico to the U.S will carry a tariff of up to 25 percent. In a tweet he stated that as of June 10 there will be a five percent tariff put on all imports coming into the U.S from Mexico, and this will slowly rise “until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied.
30 May 2019 07:20

Maria Gregoriou

As the world’s two largest economies, the U.S and China, show no signs of coming to some kind of agreement when it comes to the trade war, the Dollar reached an almost two-year high yesterday at 98.371, while the world fears for the worst. Trade talks have been going on for ten months now and with President Donald Trump raising tariffs on Chinese imports earlier on in the month, the economies on both sides of the Atlantic are continuing to feel the strain.
29 May 2019 07:35

Maria Gregoriou

An ongoing effort is needed to strengthen the New Zealand financial system, stated the Governor of the Reserve Bank of New Zealand, Adrian Orr, during a speech, while releasing the May financial stability report. As the financial system risks remain high, the governor suggested that increasing financial institutions’ capital positions are central to ensuring that they can withstand severe shocks. In order to put this plan in action, Orr said “we have proposed higher capital requirements for banks and are currently reviewing public submissions on this proposal.
28 May 2019 09:09

Maria Gregoriou

Consultancy firm Duff & Phelps released a survey today showing that the city of New York has overtaken London as the world’s pre-eminent financial centre. This shift, according to the survey, is down to Brexit and all the uncertainty surrounding Britain’s delay in leaving the European Union. The annual Global Regulatory Outlook survey asked 180 executives in asset management, private equity, hedge funds, banking and brokerage where they thought the top financial centre is located.
27 May 2019 08:11

Maria Gregoriou

The Bitcoin has reached its highest level so far in 2019, with a hike of ten percent on Monday, compared to levels on Friday. The highest the cryptocurrency reached was $8,905 – which is a record high so far this year – before retreating down slightly. The price of bitcoin, which is the world’s largest cryptocurrency, dropped to as low as $6,600 on May 17, just before buying pressure pushed prices back above $7,300 on the same day, according to coindesk.
24 May 2019 09:44

Maria Gregoriou

The world’s two largest economics, that of the U.S and China, have blamed each other for the break down in talks over the trade deal. Now the world economy is waiting for trade tension to end between the two countries and the matter to come to a conclusion. The end may be close at hand, according to a statement made by the U.S President Donald Trump that the trade deal saga with China could wrap up very soon. Although the U.
23 May 2019 07:55

Maria Gregoriou

The Statistisches Bundesamt Deutschland reported that Germany’s gross domestic product (GDP) for the first quarter of 2019 saw an increase of 0.4 percent compared to the fourth quarter of 2018. The last quarter of 2018 saw GDP at 0.0 percent and this jump to 0.4 percent mainly came from domestic demand, according to the report. So far this year, Germany has also seen a rise in gross fixed capital formation in machinery and equipment by 1.2 percent as compared to the last four months of 2018. Household final consumption expenditure rose by 1.
22 May 2019 07:04

Maria Gregoriou

As the fate Brexit saga continues to play out, and the prime minister Theresa May is running out of time to save Britain from a no deal, her latest move was to announce that she will offer MPs the chance to vote on a second Brexit referendum. In a press conference May said that she has been listening carefully to those who want a second referendum and although she does not believe this is a route that the UK should take, she recognises the genuine and sincere feeling across the house on this important issue.
21 May 2019 09:04

Maria Gregoriou

The Reserve Bank of Australia’s (RBA) Governor, Philip Lowe gave a speech about the economic outlook and monetary policy to the Economic Society of Australia today, after the RBA released its latest meeting minutes. The highlight of the speech was a suggestion that the bank could consider easing monetary policy at next month’s meeting in order to drive faster hiring and take unemployment below five per cent. Lowe mentioned in his speech that “the Australian economy can support an unemployment rate of below five percent without raising inflation concerns.
Market Focus
  • BOJ keeps policy steady, signals chance of easing in October
  • UK retail sales fell slightly in August
  • Fed lowers interest rates by 25 basis points, as expected
  • SNB leaves policy rate unchanged at -0.75%

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Forex Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
37 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2018 TeleTrade-DJ International Consulting Ltd

TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is 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 content on this website is for information 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 exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise 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 provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.