Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


14.03.2012 09:01

Asian session: The dollar strengthened against most of its major counterparts

 

04:30 Japan Industrial Production (MoM) (finally) January +3.8% +2.0% +1.9%

04:30 Japan Industrial Production (YoY) (finally) January -4.3% -1.3%

05:00 Japan BoJ monthly economic report March


The dollar strengthened against most of its major counterparts after Federal Reserve policy makers raised their assessment of the U.S. economy and refrained from additional monetary easing. The Federal Open Market Committee kept the benchmark interest rate target unchanged yesterday at zero to 0.25 percent, where it’s been since December 2008. The central bank said it expects “moderate economic growth” and predicted the unemployment rate “will decline gradually.” In their last statement in January, policy makers said growth would be “modest” and unemployment “will decline only gradually.”

The yen slid to an 11-month low versus the greenback as the yield spread between two-year debt in the U.S. debt and Japan to widened to the most since July, making dollar-based assets more attractive. The yen also dropped as Asian stocks extended a global rally, damping demand for the lower-yielding currency. Japan posted a record 437.3 billion yen deficit in its January current account, the biggest shortfall since comparable data began in 1985, according to a report from the Ministry of Finance last week.


EUR/USD: during the Asian session the pair fell, updated a month's low.

GBP/USD: during the Asian session the pair decreased, receded from yesterday's high.

USD/JPY: during the Asian session the pair rose, updated year’s high.


On Wednesday EMU data at 1000GMT includes industrial output, which is expected to rise 0.6% m/m but fall by a reading of -1.1% y/y and also the final HICP data for February, which should come in at 2.7% y/y (0.5% m/m). UK labour market data is due at 0930GMT and is expected to show the rise in unemployment slowing with a claimant count of 5k and an unchanged unemployment rate. US data starts at 1100GMT with the weekly MBA mortgage applications data. At 1230GMT, US data includes the Current Account and Import/Export Price Index. The weekly EIA Crude Oil Stocks is due at 1430GMT.

Market Focus

  • US nonfarm payrolls rise more than expected in July
  • Canada’s merchandise trade deficit widens in June
  • Canada unemployment rate falls to lowest level since October 2008
  • Canada Ivey PMI falls less than expected in July
August 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
21
22
23
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