Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


17.01.2012 09:01

Asian session: The euro gain against most of their major counterparts

02:00 China GDP y/y IV quarter +9.1% +8.8% +8.9%

02:00 China  Industrial Production y/y December +12.4% +12.3% +12.8%

02:00 China Retail Sales y/y  December +17.3% +17.2% +18.1%


The euro gain against most of their major counterparts after China’s gross domestic product expanded more than economists estimated and as advances in Asian stocks reduced the appeal of haven currencies.

China’s economy expanded 8.9 percent in the three months ended Dec. 31 from a year earlier, the statistics bureau said today. Economists in a Bloomberg News survey had estimated an 8.7 percent gain.

Declines in the yen and dollar were limited before the European Financial Stability Facility, Spain and Greece sell bills today amid concern rating cuts by Standard & Poor’s will sap demand for European debt.

S&P yesterday removed the AAA rating for the EFSF, which is designed to fund rescue packages for Greece, Ireland and Portugal, after reducing the top grades of France and Austria by one level on Jan. 13. The company also downgraded Italy, Portugal and Spain.

Greece will resume talks tomorrow with the Institute of International Finance, which represents private creditors, Greek Finance Minister Evangelos Venizelos has said. The Washington- based IIF broke off talks last week after failing to agree with the government about how much money investors will lose by swapping their bonds.

Australia’s dollar climbed versus 14 of its 16 major peers on prospects demand for commodities will be sustained in China, the country’s biggest export market. The yen retreated from near an 11-year high against the euro before U.S. data today projected to show manufacturing in the New York region expanded in January at the fastest pace in eight months. Today’s GDP report “certainly allays fears that China is going to see a hard landing and that is generally seen as a positive for the world.


EUR/USD: during the Asian session the pair has grown on a figure

GBP/USD: during the Asian session the pair grew.

USD/JPY: during the Asian session the pair has updated monthly low.


UK data sees CPI and RPI inflation data at 0930GMT. In the UK at 1000GMT, the Bank of England's King, Haldane, Cohrs and Jenkins are due to appear at a Treasury Select Committee Hearing on the Financial Stability Report where they can expect plenty of questions from lawmakers about the risks posed by the Eurozone and problems of bank funding. At 1830GMT in the UK, UK Bank of England MPC member Adam Posen delivers a speech at Chatham House. European events for Tuesday start at 0730GMT when ECB Governing Council member Ewald Nowotny is due to speak at The Central & Eastern European Forum, Vienna. The German ZEW survey is due at 1000GMT where

the main economic sentiment index is expected to come in at -50.5. EMU final HICP, also at 1000GMT is expected to come in at 0.4% m/m, 2.8% y/y. At 1040GMT, German Economics Minister Philipp Roesler delivers a speech at a conference organized by the German Chamber of Industry and Commerce (DIHK), in Berlin.US data starts at 1330GMT when the NY Fed Empire State Manufacturing Index is expected to rise to a reading of 11.0 in January after improving sharply in December. At 1400GMT, the Bank of Canada Rate announcement is due, where the central bank is expected to leave interest rates unchanged. US data continues with the weekly Capital Goods Index at 1430GMT and the weekly Retail Trade Index at 1530GMT.

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

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