Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


10.08.2011 08:43

Asian session: dollar gains some ground

Data:

06:00     Germany     CPI (July) final    0.4%    0.4%    0.1%
06:00     Germany     CPI (July) final Y/Y    2.4%    2.4%    2.3%
06:00     Germany     HICP (July) final Y/Y    2.6%    2.6%    2.4%
06:45     France     Industrial production (June)    -1.6%    0.5%    1.9 (2.0)%

The dollar rose against the majority of its major counterparts as the Federal Reserve’s pledge for record low interest rates failed to convince investors global growth will be sustained, boosting demand for haven currencies.
The Swiss franc weakened after the nation’s central bank said it expanded measures to counter the currency’s strength.
Japan’s Finance Minister Yoshihiko Noda said in parliament today that one-sided moves in the yen can hurt growth.
Japan is “very serious about preventing yen strength,” said Kurt Magnus, executive director of currency sales at Nomura Holdings Inc. in Sydney.
The euro slipped as a French report showed industrial production fell more than economists estimated in June.

EUR/USD: eased to the $1.4350  area.
GBP/USD: the pair deflated to $1.6230.
USD/JPY: the pair shown low in the field of Y76.60.


UK data starts at 0930GMT with the Bank of England's Quarterly Inflation Report. The August Inflation Report is set to show inflation, at least in the near term, higher and growth lower than predicted back in May, while BOE Governor Mervyn King will leave all policy options open at the press conference. The BOE's central forecasts are based on market rate expectations. The fact the market has stopped pricing in rate hikes this year or next will inevitably push up on the market rate inflation forecast.
US data starts at  at 1400GMT with Wholesale Inventories and then at 1430GMT with the weekly EIA Crude Oil Stocks data. Later on, at 1800GMT, the US Treasury is expected to post a $135.0 billion budget gap in July, smaller than the $165.0 billion gap in July 2010.

10.08.2011 08:50

Forex: Tuesday summary

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