Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


26.01.2012 08:51

Forex: Wednesday’s review

Yesterday the dollar fell to the weakest level in a month against the euro after the Federal Reserve extended its pledge to hold its target for the federal funds rate low until late 2014 amid a “highly accommodative” monetary policy. The central bank had previously pledged to keep its rate target in place until mid-2013. Nine of 17 Federal Reserve officials expect borrowing costs will remain below 1 percent at the end of 2014, with six officials expecting zero rates to remain into 2015. The projections by Federal Open Market Committee participants, released for the first time today in Washington, provide an unprecedented look at policy makers’ plans for the path of the benchmark interest rate, which has remained near zero since December 2008. An increase in 2014 would mark the first rise in the fed funds rate since June 2006. Policy makers also lowered their estimates for growth and inflation in 2012, a move consistent with their statement earlier today that interest rates will remain “exceptionally low” through at least late 2014.

The yen fell against most its major counterparts after the Ministry of Finance said Japan’s exports dropped 8 percent in December from a year earlier. The median estimate of 27 economists surveyed by Bloomberg News was for a 7.4 percent decline. The Japanese currency is viewed as a safe haven because the nation’s trade surplus makes the currency attractive because it means the nation doesn’t have to rely on overseas lenders.


EUR/USD: yesterday the pair rose, showed new month's high.

GBP/USD: yesterday the pair rose, showed new month's high.

USD/JPY: yesterday the pair gain and showed new high of 2012, but could not be kept above Y78.00.


On Thursday European data starts at 0710GMT with the GfK consumer confidence data from Germany, while France data at 0745GMT includes consumer confidence and also the quarterly industry survey. At 0800GMT, World Trade Organization Director General Pascal Lamy becomes the first main speaker out of Davos for Thursday, followed at 1030GMT by UK Prime Minister David Cameron. At 1300GMT,

German Chancellor Angela Merkel and Spanish Prime Minister Mariano Rajoy give a joint press conference after their meeting in Berlin. UK

data at 1100GMT sees the CBI Distributive Trades Survey. US data starts at 1330GMT with both the weekly Jobless Claims and also Durable Goods orders. The weekly EIA Natural Gas Stocks data is then due at 1530GMT, followed at 1600GMT by Kansas City Fed Production data and later, at 2130GMT by M2 Money Supply data.

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