Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities

17.05.2011 07:58

Forex: Monday's review

The euro rose versus the dollar as stocks and commodities pared losses and inflation in the 17- nation currency bloc gained to the fastest since 2008, boosting pressure on the European Central Bank to raise interest rates.
The Swiss franc rose against most major currencies as finance ministers at a meeting in Brussels struggled to resolve the euro region’s debt crisis. 
European finance ministers stepped up the pressure on Greece to sell assets and deepen spending cuts to win an increase of its 110 billion-euro ($156 billion) aid package and more time to repay the loans.
In deliberations clouded by the absence of International Monetary Fund Managing Director Dominique Strauss-Kahn, Europe’s rich countries tied extra money to pledges by Greece to reap more revenue at home and weighed whether to make bondholders share the pain.
Also on the agenda were aid for Portugal and the nomination of Bank of Italy Governor Mario Draghi to be the next president of the European Central Bank.
Nemat Shafik, an IMF deputy managing director, was tapped to represent the institution at the Brussels meeting after Strauss-Kahn was charged with attempted rape in New York. He denied the charges.
Consumer-price growth in the 17-nation euro region quickened to 2.8%. That was in line with an initial estimate on April 29.
The ECB raised its benchmark rate to 1.25% in April. The Federal Reserve has kept its key rate at zero to 0.25% since December 2008.
The Federal Reserve Bank of New York’s general economic index fell to 11.9 from a one-year high of 21.7 in April as the cost of raw materials surged. Economists projected it would slip to 19.6.

EUR/USD: the pair shown high in the field of $1,4240, decreased later and finished session in around $1,4160.
GBP/USD: the pair bargained within the limits of $1,6160-$ 1,6255. 
USD/JPY: the pair bargained within the limits of Y80,60-Y81,10.
The main core-European release for Tuesday comes at 0900GMT, when the German ZEW data us expected to post an improvement for May to 88.0 in the current situation index, while the economic situation measure may slip to a reading of 5.0.
UK data starts at 0830GMT with inflation data for April as well as the latest CLG House Prices data. Median forecasts look for UK CPI to rise 0.7% m/m, 4.2% y/y with core CPI up 3.2% y/y. RPI is seen rising 0.9% m/m, 5.3% y/y with RPIX up 1.0% m/m, 5.3% y/y. 
US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, while US data continues at 1230GMT, when the pace of housing starts is forecast to rise to a 570,000 annual rate after coming in above expectations in March. The supply of new homes was at a 44-year low in March, so builders will need to increase supply at some point. At 1315GMT, industrial production is expected to rise 0.4% in April. 

17.05.2011 08:05

Asian stocks close:

17.05.2011 07:08

Stocks: Monday's review

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
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