Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


29.08.2011 17:41

American focus:


The Swiss franc, yen and dollar dropped against most major counterparts as stocks and commodities climbed on speculation the world will avoid a return to recession, reducing demand for a haven.
Currencies of higher-yielding countries strengthened amid rising investor appetite for riskier assets. The franc was the worst performer, falling to a seven-week low versus the euro, after Federal Reserve Chairman Ben S. Bernanke said last week the U.S. economy hasn’t deteriorated enough to warrant immediate additional stimulus.
“Riskier currencies are doing better because the market is buying riskier today,” said Matthew Perrier, Toronto-based director of foreign exchange at Bank of Montreal. “We’re seeing broad-based dollar weakness across the board and strength in commodities and commodity currencies.”
The Standard & Poor’s 500 Index rose 2% percent, and the Thomson Reuters/Jefferies CRB Index of raw materials strengthened 0.5 percent. U.S. stock, bond and commodity markets are open as usual today after Manhattan was spared the worst of Hurricane Irene.
“We’re seeing the U.S. dollar get sold, but also the other safe-haven currencies such as the yen and Swiss franc,” said Jonathan Cavenagh, a currency strategist at Westpac Banking Corp. in Singapore. “Equity markets around the region are doing pretty well today.”
Bernanke, speaking at an economics conference Aug. 26 in Jackson Hole, Wyoming, sought to reassure investors and the public that U.S. growth is safe in the long run. While he said the Fed still has tools to aid the recovery if needed, he stopped short of indicating that the central bank will move ahead with a third round of government bond-buying.
The greenback remained lower as Commerce Department data showed U.S. consumer spending rose 0.8 percent in July, the biggest gain since February, after a 0.1 percent decline the prior month.

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

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