Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


27.01.2012 09:03

Forex: Thursday’s review

Yesterday the dollar weakened versus all its 16 most-traded counterparts as the Federal Reserve’s pledge to keep interest rates at a record low for longer than originally forecast spurred investors to seek higher yields.

The U.S. currency touched a five-week low against the euro after policy makers said yesterday the benchmark interest rate would stay low until at least late 2014 from mid-2013 and as Italian yields fell to a six-week low. The euro rallied earlier as Italian 10-year yields fell below 6 percent for the first time since Dec. 8. The nation sold its maximum target at an auction of zero-coupon and inflation- linked debt.

The Canadian dollar strengthened to parity with the greenback for the first time since November. Goldman Sachs Group Inc. recommended its clients buy the Canadian dollar versus the greenback, saying the Fed’s pledge to keep rates low reaffirms a dollar “weakening trend.”

The Australian dollar climbed for a second day versus the greenback after Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said his nation may start buying the Aussie as a reserve currency as soon as early February.


EUR/USD: yesterday the pair rose, showed new month's high, however has lost the positions later.

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

USD/JPY: yesterday the pair fell.


On Friday in Davos, French Finance Minister Francois Baroin, Spanish Economic Affairs Minister Luis de Guindos Jurado and EU Economic Affairs Commissioner Olli Rehn participate in a panel debate on the future of the Eurozone. Then, at 1030GMT, US Treasury Secretary Timothy Geithner is due to speak on priorities for the US economy, in Davos, while at 1230GMT, he will be interviewed by CNN's Fareed Zakaria. At 1315GMT, ECB President Mario Draghi is due to speak on Europe's economic outlook, in Davos. US data starts at 1300GMT with the latest Building Permits Revision. US data continues at 1330GMT with Q4 GDP. Then, at 1455GMT, the Michigan Sentiment Index is expected to be unrevised from the 74.0 preliminary estimate. At 1500GMT, New York Fed President William Dudley delivers a regional economic press briefing on recession, federal stimulus and regional schools.

Market Focus

  • U.S. commercial crude oil inventories decreased by 2.5 million barrels from the previous week
  • 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
June 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