Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



31.01.2012 09:20

Forex: Monday’s review

The yen strengthened against all of its major counterparts as concern increased that Greek bailout negotiations will hinder efforts to resolve the financial crisis, boosting demand for haven assets.

The euro fell below 100 yen for the first time in a week as European Union leaders met in Brussels, and Italy raised less than its maximum target at a bond sale after Fitch Ratings downgraded the nation last week. The dollar touched the weakest against the yen since Oct. 31, when it reached a record low. The Swiss franc strengthened to the highest level against the euro since September.

EU leaders met to put the finishing touches on a German-led deficit-control treaty and endorse the statutes of a 500 billion-euro ($656 billion) rescue fund to be set up this year. While Greece and its private creditors said Jan. 28 they expect to complete a debt-swap deal to reduce the nation’s obligations in coming days, it now requires 145 billion euros for the second bailout, 15 billion euros more than was agreed in October, Der Spiegel reported Jan. 28.

Italy sold 7.5 billion euros of debt due between 2016 and 2022 today, less than its maximum target of 8 billion euros. Fitch cut the ratings of Italy, Spain, Belgium, Slovenia and Cyprus on Jan. 27, saying they lack financing flexibility in the face of the regional debt crisis. Italy was reduced two levels to A- from A+, and Spain was lowered two grades to A from AA-.


EUR/USD: yesterday the pair fell, but closed day above $1.3100.

GBP/USD: yesterday the pair fell, but closed day above $1.5700.

USD/JPY: yesterday the pair decreased on a floor of a figure.


European data for Tuesday starts at 0700GMT with the German ILO measure of employment along with December and 2011 retail sales data. France data at 0745GMT includes consumer spending, PPI and also housing starts/permits data for December. The main German unemployment data is due at 0855GMT and is expected to see a jobless change of -10k, leaving the unemployment rate unchanged at 6.8%. EMU unemployment data is also due, at 1000GMT. The weekly US ICSC Mall Sales is due at 1145GMT, followed at 1330GMT by the Employment Cost Index. This is followed at 1355GMT by the weekly Redbook Chain Story sales, at 1400GMT by the S&P/Case-Shiller Home Price Index and then at 1445GMT by the Chicago PMI. At 1500GMT, consumer confidence is expected to rise to a reading of 68.0 in January after the solid jump in December to the strongest reading since April.

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