Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


27.01.2012 09:15

Asian session: The yen rose against all of its 16 major peers

00:00 China Bank holiday


The yen rose against all of its 16 major peers as extended negotiations over a debt-swap deal to avert a Greek default rekindled demand for refuge assets. The yen extended gains against the dollar on speculation so-called stop-loss orders were activated. A stop loss is an automatic instruction to either buy or sell a currency at a certain level to limit losses in case bets go the wrong way.

The euro declined against the Japanese currency for a second day before European Union leaders meet on Jan. 30 to try to find a solution to the region’s debt crisis. Discussions on a proposed Greek debt swap made “some progress” yesterday, according to the Institute of International Finance, which is representing private creditors in talks with Greece’s government. IIF Managing Director Charles Dallara met with Greek Prime Minister Lucas Papademos in Athens yesterday, and work on a possible deal will continue today, the Washington-based group said in an e-mailed statement.

Demand for the dollar was limited ahead of a U.S. report on gross domestic product and following a Federal Reserve pledge to keep interest rates low until late 2014. The dollar’s allure was limited before a report today that will probably show U.S. economic growth accelerated in the fourth quarter of 2011, supporting demand for riskier, higher- yielding assets. U.S. GDP rose at a 3 percent annual rate after advancing 1.8 percent in the previous quarter, according to the median forecast of economists surveyed by Bloomberg News before the Commerce Department figures.


EUR/USD: during the Asian session the pair was nearby $1.3100.

GBP/USD: during the Asian session the pair was in a range $1.5660-$1.5685.

USD/JPY: during the Asian session the pair has fallen to a floor of a figure.


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

  • 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