Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

22.06.2012 08:31

Asian session: The dollar headed


00:00 China Bank holiday


The dollar headed for a weekly gain against most of its major peers as shares fell before data today forecast to show German business confidence declined this month, boosting demand for safer assets. The Ifo institute’s business climate index, based on a survey of 7,000 executives, will drop to 105.6 from 106.9 in May, according to the median economist estimate compiled by Bloomberg News. That would be the lowest reading since March 2010. Ifo releases the report at 10 a.m. in Munich today. Data yesterday showed euro-area manufacturing shrank at the fastest pace in three years, and a Chinese output gauge indicated contraction. More Americans than forecast filed claims for jobless benefits, manufacturing in the Philadelphia region shrank and sales of existing homes fell, separate reports indicated.

The greenback maintained its biggest advance in six months versus the euro as Asian stocks extended a worldwide slump following reports that signaled Europe’s debt crisis is weighing on economic growth.

Demand for the 17-nation euro was limited after Moody’s Investors Service lowered credit ratings on 15 global banks. Among bank downgrades by Moody’s yesterday, Credit Suisse Group AG’s credit rating was reduced by three levels and Morgan Stanley’s by two steps. The rating changes reflect the lenders’ “significant exposure to the volatility and risk of outsized losses inherent to capital-markets activities,” Moody’s Global Banking Managing Director Greg Bauer said in a statement.

German Chancellor Angela Merkel, French President Francois Hollande, Italian Prime Minister Mario Monti and Spanish Premier Mariano Rajoy are set to gather in Rome today. The meeting is to help prepare for a June 28-29 European Union summit in Brussels at which leaders will discuss the path to further financial integration, including proposals for closer banking cooperation.

EUR/USD: during the Asian session the pair holds in range $1.2540-$1.2565

GBP/USD: during the Asian session the pair restored after yesterday's fall.

USD/JPY: during the Asian session the pair continued yesterday's gain.

The Ecofin meeting takes place in Luxembourg today and the main European data release will be the 0800GMT release of the German IFO business survey where the main index is expected to decline to a reading of 105.5 from 106.9 last month. Later on, at 1710GMT, German Chancellor Angela Merkel, Italian PM Mario Monti, French President Francois Hollande and Spanish Prime Minister Mariano Rajoy give a joint press conference after their meeting, in Rome. US data comes later in the session with the 1900GMT release of Treasury Allotments By Class data and the 2015GMT release of C&I Loans


22.06.2012 09:03

Asia Pacific stocks close:

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


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
Request a callback
Top Page