Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


17.04.2012 07:43

Asian session: The euro fell versus most of its 16 major counterparts

 

01:30 Australia RBA Meeting's Minutes -

01:30 Australia New Motor Vehicle Sales (MoM) March 0.0% 4.0%

01:30 Australia New Motor Vehicle Sales (YoY) March +1.7% 4.0%

04:30 Japan Industrial Production (MoM) (finally) February +1.9% -1.2% -1.6%

04:30 Japan Industrial Production (YoY) (finally) February -1.3% +1.5% +1.5%

05:00 Japan Consumer Confidence March 39.5 40.1 40.3


The euro fell versus most of its 16 major counterparts before Spain sells securities after borrowing costs climbed to the highest level this year, boosting concern Europe’s debt crisis is spreading. Yields on the nation’s 10-year notes soared as much as 18 basis points, or 0.18 percentage point, to 6.16 percent yesterday. That’s the highest level since Dec. 1 and is edging toward the 7 percent level that pushed Greece, Ireland and Portugal into rescues. The cost of insuring against a Spanish default rose eight basis points to 511 yesterday, the highest on record, according to CMA.

The 17-nation currency weakened against the greenback before reports that may show confidence among investors in Germany, The ZEW Center for European Economic Research in Mannheim will probably report today its index of investor and analyst expectations, which aims to predict economic developments six months in advance, fell to 19 in April from 22.3 in March, according to the median estimate in a Bloomberg News survey. Last month’s figure was the highest reading since June 2010.

Australia’s dollar declined for a third day versus its U.S. counterpart after the Reserve Bank said slower inflation would increase the prospects of an interest-rate reduction. Minutes released today of the RBA’s April 3 meeting, when officials held the benchmark interest rate unchanged at 4.25 percent, reaffirmed that the next rate reduction h¼inges on an April 24 report on first-quarter inflation. Governor Glenn Stevens said in a statement after this month’s gathering that the board “judged the pace of output growth to be somewhat lower than earlier estimated.”


EUR/USD: during the Asian session the pair lowered below $1.3100.

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

USD/JPY: during the Asian session the pair traded in range Y80.30-Y80.55.


Today the European Commission President Jose Manuel Barroso meets German President Joachim Gauck, in Brussels. European data starts at 0600GMT with the release of ACEA new car registrations data. The main core-European releases come at 0900GMT with the German ZEW survey and final EMU HICP data. UK data at 0830GMT sees inflation data. In its February Inflation Report the Bank of England forecast CPI would average 3.35% in Q1. In Europe at 1230GMT, ECB President Mario Draghi is due to give an introductory speech at the Sixth ECB Statistics Conference, in Frankfurt. US data starts at 1230GMT, Housing Starts and Building Permits data are due. Weekly Johnson Redbook chain store sales data is due at 1255GMT. The IMF World Economic Outlook is also due at 1300GMT. At 1315GMT, US industrial production is expected to rise 0.2% in March after holding steady in Feb.

17.04.2012 07:23

Forex: Monday’s review

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 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