Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

31.01.2011 12:30

EU session review: Euro rises as inflation quickens to two-year high; Kiwi slides on permits

Data released:
07:00     Germany     Retail sales (December) real adjusted    -0.3%    2.0%    -2.4%
07:00     Germany     Retail sales (December) real unadjusted Y/Y    -1.3%    -    2.0%
10:00     EU(17)     Harmonized CPI (January) Y/Y preliminary    2.4%    2.5%    2.2%

The euro strengthened after a report showed inflation in the region accelerated to a two-year high this month, signaling policy makers may be moving closer to raising interest rates.
The single currency gained for the sixth time in the past seven days against the dollar. Inflation quickened to 2.4% from 2.2% in December, the European Union’s statistics office said today. That’s the fastest since October 2008.
The consumer-price report “underlines the ECB’s concern on inflation and will further contribute to the internal debate about what the appropriate response should be from the central bank,” said Michael Derks, chief strategist at FxPro Financial. Their concerns “are unlikely to go away in the short term, given the most recent performance of commodity prices, so they may well be one of the first major central banks to hike rates.”
New Zealand’s dollar weakened after a report showed home- building approvals fell to a 23-month low in December.
The New Zealand dollar depreciated. Home-building permits declined 19% from November to 1,018, the lowest level since January 2009, Statistics New Zealand said today. Excluding apartments, approvals fell a sixth month, dropping 11%.
The Australian dollar traded near a its lowest in more than eight weeks against the yen as Asian stocks declined on concern the unrest in Egypt will spread, damping demand for higher-yielding assets.
Australia’s currency slipped versus the yen as its central bank said loans provided by the nation’s banks and finance companies rose 0.2% in December from the previous month, compared with the median estimate for a 0.3% gain.
A monthly gauge of Australia’s inflation accelerated in January as floods in the nation’s northeast drove up the cost of fruit, vegetables and utilities, according to an index compiled by TD Securities Ltd. and the Melbourne Institute released today. Consumer prices increased 0.4% after advancing 0.2% in December. They rose 3.4% in January from a year earlier, the fifth consecutive month above the top of the Reserve Bank of Australia’s inflation target band.
“The RBA board tomorrow is expected to discuss and evaluate the outlook for inflation in the wake of widespread flood damage,” Annette Beacher at TD Securities wrote. “We remain of the view that the RBA are on the sidelines for several months, but expect the resumption of tightening from May.”

EUR/USD rose from lows around $1.3570 to $1.3775 after triggering some resistance and stops.

GBP/USD followed euro's rise, recovering from $1.5830 to $1.5913.

USD/JPY printed lows below Y82.00 before it was back to Y82.30 and set stable around there.

US data starts at 1330GMT with Personal Income & Expenditures, PCE data as well as the ISM-NY Business Index. Personal income is expected to increase by 0.4% in December.
US data continues at 1445GMT with the Chicago PMI, which is expected to fall to a reading of 65.0 in January from the revised 66.8 December reading.

31.01.2011 12:45


Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 2017
  • 2017
  • 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

  • © 2011-2017 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.

Connect with Us
Share on
social networks
Request a callback
Top Page