Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



03.05.2012 08:00

Forex: Wednesday’s review

 

Yesterday the euro weakened for a third day against the dollar, the longest losing streak in almost a month, after data showed European manufacturing shrank and unemployment rose in Germany, adding to concern the debt crisis will worsen. The euro dropped against most of its 16 major peers as London-based Markit Economics said its purchasing-manager index of euro-region manufacturing shrank for a ninth month, falling to a 34-month low of 45.9 in April from 47.7 in March. A reading below 50 shows contraction. The number of people out of work in Germany increased a seasonally adjusted 19,000 last month to 2.87 million, the Nuremberg-based Federal Labor Agency said. Economists surveyed by Bloomberg forecast a decline of 10,000. Yields on Germany’s two-, five-, 10-, and 30-year bonds dropped to record lows.

The 17-nation currency fell to a two-week low versus the yen on bets European Central Bank President Mario Draghi may hint at further easing at a meeting.

The dollar pared gains against the yen after data showed U.S. firms added fewer workers in April than forecast, fueling speculation the Federal Reserve may keep accommodative monetary policy in place longer. The Dollar Index briefly pared gains after a report showed U.S. companies added fewer jobs than forecast. Private employers’ payrolls increased by 119,000 workers, after a revised 201,000 gain in March, according to Roseland, New Jersey-based ADP Employer Services. The median forecast of economists was for a 170,000 advance. The Labor Department will report May 4 that U.S. nonfarm payrolls added 160,000 jobs in April, up from 120,000 the previous month survey showed.


EUR/USD: yesterday the pair decreased below $1.3200.

GBP/USD: yesterday the pair fell below $1.6200.

USD/JPY: yesterday the pair holds above Y80.00.


UK data includes the 0600GMT release of the latest Nationwide House Price index and later, the 0830GMT release of the Markit/CIPS services PMI data along with Official Reserves data. US data includes chain store sales but starts with the 1130GMT release of the latest Challenger Layoffs data. US data at 1230GMT sees the weekly initial jobless benefit claims and also non-farm productivity data. At 1400GMT, the ISM non-manufacturing index is due, followed at 1430GMT by EIA natural gas storage data. At 1500GMT, Federal Reserve Bank Presidents Charles Plosser of Philadelphia, Dennis Lockhart of Atlanta and John Williams of San Francisco are among the presenters at the University of California at Santa Barbara Economic Forecast Project 2012.

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