Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

17.08.2012 07:09

Forex: Thursday’s review



Yesterday after three days of recession, market participants are still able to achieve a strengthening of the euro. During the first half of the day maintained the pressure on the euro, as market participants were waiting for release of data on consumer price index. After its publication, it became clear that the situation remained the same as the index remained stable and in line with analysts' expectations. But despite this, the market situation started to change gradually in favor of the euro. The attention of many traders immediately switched to the output data for the U.S., which, as expected, were to influence the growth of the dollar. Prior to the publication of the reports the euro gained slightly, while departing from the values ​​of the day. But immediately after the published data showed that the number of building permits has increased markedly in July, and the level of housing starts decreased by 1.1% the euro started to rise rapidly and confidently. Also helped the growth of the single currency presented by the Philadelphia Fed manufacturing index, which fell in August to -7.1 from -12.9 in July. In the end of the session on the euro against the dollar was able to show growth at more than one figure.

Unprecedented movement also spread to other couples. Significant growth was able to show, the pound sterling. After a bad start to the day, which was caused by the depreciation of currencies against the dollar by 50 points, the pair began their recovery. At first it was due to expectations of data on the level of retail sales, according to which a significant increase was recorded during the month of 0.3% compared to 0.1% in June. As a result of news of the pair managed to recover with minimum values ​​and update with the high of the day. Output data for the United States helped the pair make another rapid spurt that the outcome of the session allowed the pair to show growth at a single figure.

Also notable movement was pleased the Swiss franc. Its value today, had little impact index value of investors' expectations according to the ZEW and Credit Suisse, which amounted to -33.3 in August, compared with -42.5 in July. But a little more on the value of currency affect U.S. data, which caused the depreciation of the franc against the dollar by about 90 points.

The unusual dynamics of introduced the Canadian dollar against the U.S. dollar. Surprising is the fact that the currency barely reacted to the economic releases from the United States, and strengthened the beginning only a couple of hours, which was due to the fact that the rating agency Moody's has published its annual report on Canada.

The other major pairs mainly show the same dynamics, which is a marked increase in the exchange rate against the U.S. dollar.

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