(+357) 22314160


Show news:

31.08.2011 08:51

Asian session review: Franc, Yen, Dollar keep posotive mood

Data released:
05:00     Japan     Housing starts (July) Y/Y    21.2%    4.9%    5.8%
05:00     Japan     Construction orders (July) Y/Y    5.7%    -    6.0%
06:00     Germany     Retail sales (July) real adjusted    0.0%    -1.5%    4.5 (6.3)%
06:00     Germany     Retail sales (July) real unadjusted Y/Y    -1.6%    -    -2.1 (-1.0)%
07:55     Germany     Unemployment (August) seasonally adjusted    -8.0K    -9.7K    -11K
07:55     Germany     Unemployment (August) seasonally adjusted, mln    2.951    -    2.957
07:55     Germany     Unemployment rate (August) seasonally adjusted    7.0%    7.0%    7.0%
07:55     Germany     Unemployment (August) seasonally unadjusted, mln    2.945    -    2.939
07:55     Germany     Unemployment rate (August) seasonally unadjusted    7.0%    -    7.0%

Сoncern the global economic recovery is faltering maintained demand for assets perceived as the safest.
The euro weakened versus most of its 16 major peers as economists forecast unemployment in the 17-nation euro-region remained unchanged at 9.9 percent last month, a level it hasn’t fallen below since 2009. The yen headed for a third monthly gain versus the dollar before a report forecast to show the U.S. employers added fewer jobs this month. New Zealand’s dollar headed for its biggest monthly decline in a year versus the yen as the country’s business confidence worsened.

“Investors that think the world is falling apart and are worried about capital preservation still view the yen and the franc as safe havens,” said Elsa Lignos, a currency strategist in London at RBC Capital Markets in London. “We like the yen -- it just seems a little less overstretched than the Swissie.”

printed session highs on $1.4470, but failed to set above the figure and retreated to current $1.4430.
also retreats after it earlier tested $1.6330 and currently holds at $1.6270.
traded within Y76.52/75 range.

European data continues at 0900GMT with the EMU unemployment rate, which is expected to remain at 9.9% and also flash HICP data for August, which is expected to come in at 2.5% y/y. Also in Europe today, from 0730GMT, the German government meets to approve measures decided at a eurozone summit in July with the following press conference due to take place in Berlin at 1130GMT US data starts at 1100GMT with the weekly MBA Mortgage Application Index, which is followed at 1130GMT by Challenger Layoffs and at 1215GMT by the ADP National Employment Report before the 1230GMT release of the latest ISM-NY Business Index. At 1345GMT, the Chicago PMI
is expected to fall to a reading of 53.0 in August after falling in July. Other regional data already released have suggested significant contraction. This is followed at 1400GMT by Factory Orders and also the latest Help-wanted Online index. Factory new orders are forecast to rise 2.0% in July. Durables orders were already reported up 4.0% in the month on a spike in aircraft orders.
Weekly EIA Crude Oil Stocks data is due at 1430GMT. Then, at 1530GMT, Atlanta Fed President Dennis Lockhart is due to deliver a speech on the economy to the Greater Lafayette Chamber of Commerce. Late US data includes the 1900GMT release of Agriculture Prices for August.

Market Focus

January 2018
  • 2018
  • 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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 2011-2018 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