Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


29.06.2012 08:41

Asian session: The euro surged

 

01:30 Australia Private Sector Credit, m/m May +0.4% +0.5% +0.5%

01:30 Australia Private Sector Credit, y/y May +3.8% +3.9% +4.0%


The euro surged the most this year after European leaders eased terms on loans to Spanish banks, taking a step to resolve the region’s debt crisis. EU leaders met in Brussels yesterday and today to discuss measures to stem a debt crisis that’s spurred five euro members to seek international bailouts. Earlier this month, Spain agreed to take a rescue loan of as much as 100 billion euros ($126 billion) to help recapitalize its banking sector.

Spain’s 10-year bond yields climbed to a euro-lifetime high of 7.29 percent on June 18, surpassing the 7 percent level that spurred Greece, Ireland and Portugal to seek bailouts.

The 17-nation euro rallied against the yen as European Union President Herman Van Rompuy said officials meeting in Brussels agreed to drop the condition that emergency loans to Spanish banks give their governments preferred creditor status.

Japan’s currency gained earlier amid speculation that Europe’s debt crisis will damp global growth, supporting demand for refuge assets. In Japan, government reports today showed the nation’s industrial production slid 3.1 percent in May from April, the biggest decline since March 2011, and consumer prices declined 0.1 percent last month.


EUR / USD: during the Asian session the pair rose above the $1.2600.

GBP / USD: during the Asian session the pair rose to weekly highs above $1.5600.

USD / JPY: during the Asian session the pair dropped, updating weekly low.


The UK house price index from the Nationwide is released at 0600GMT. UK data continues at 0830GMT with the final reading of Q1 GDP data. US data continues with the weekly EIA Natural Gas Storage data at 1430GMT, followed at 1500GMT by Kansas City Fed Production for June. US speakers start at 1530GMT with Cleveland Fed President Sandra Pianalto. At 1600GMT, Dallas Fed President Richard Fisher participates in moderated discussions at the 2012 Aspen Ideas Festival in Aspen, Colorado. Back in the UK, at 1700GMT, Bank of England MPC member Weale makes remarks at Queen Mary University.

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