Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



27.06.2011 07:44

Asian session: the euro fell

Euro bears driving the region’s shared currency to its first two-month loss in a year are facing rising interest rates, bullish bets in futures markets and Angela Merkel’s determination to keep the 17-nation bloc intact.

The euro slid 4.2 percent since April as mounting concern that Greece would default drove Prime Minister George Papandreou to change finance ministers amid a push for 78 billion euros ($111 billion) in austerity measures to tap more financial aid. 
The slowing U.S. recovery has also provided support for the euro. The Fed lowered its full-year growth forecast last week, saying the economy will expand 2.7 percent to 2.9 percent versus a range of 3.1 percent to 3.3 percent estimated in April. The Bundesbank said on June 10 that German gross domestic product will rise 3.1 percent in 2011, up from a 2.5 percent increase predicted in February.
The first session of a three-day debate in Greece on new budget cuts is scheduled to begin today. A vote is expected on June 29. An implementation law, which provides the technical details of how the five-year plan will be applied, is also due to be discussed and approved by the deadline of June 30.

EUR/USD: the pair shown low in $1,4100 area then become stronger.
GBP/USD: the pair shown low in $1,5910 area then become stronger.
USD/JPY: the pair become stronger in  Y80,80 area.
US data starts at 1230GMT with Personal Income/Expenditures and the PCE Price Index. Personal income is expected to rise 0.4% in May, as payrolls rose 54,000, the average workweek held steady at 34.4, and hourly earnings rose 0.3%. PCE is forecast to hold steady x.x% on the 0.2% decline in retail sales. Non-auto sales rose 0.3%. The core PCE price index is forecast to rise 0.2% following the 0.2% April gain.

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
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
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.

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