Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

04.10.2012 06:43

Asian session: The yen weakened



00:00 China Bank holiday -

01:30 Australia Building Permits, m/m August -21.2% +4.8% +6.4%

01:30 Australia Building Permits, y/y August -10.6% -14.3% -15.4%

01:30 Australia Retail sales (MoM) August -0.8% +0.5% +0.2%

01:30 Australia Retail Sales Y/Y August +3.5% +3.2%


The yen weakened against its 16 major peers on speculation central banks around the world will take more steps to avert a further slowdown in the economies, curbing demand for refuge assets. The Japanese currency fell to its lowest level in two weeks against the dollar as the Bank of Japan (8301) begins its two-day policy meeting today after expanding stimulus last month. The BOJ increased its asset-purchase program by 10 trillion yen ($127 billion) to 55 trillion yen at the previous meeting on Sept. 19, saying the economy’s pick-up was slowing while prices were flat.

Demand for the euro was supported before European Central Bank policy makers convene to discuss ways to contain the deepening fiscal turmoil in the region. The ECB is projected to keep its benchmark interest rate unchanged at a record-low 0.75 percent today, a Bloomberg News survey shows. ECB President Mario Draghi unveiled a program of unlimited bond purchases last month to ease borrowing costs for debt-ridden nations, spurring a rally in the shared currency.

Gains in the euro were limited before Spain sells notes maturing in 2014, 2015 and 2017 today as investors weigh whether the indebted nation will ask for an international bailout. Prime Minister Mariano Rajoy this week denied that he has immediate plans to seek assistance.

Demand for the dollar was limited before the Federal Reserve today publishes minutes of its Sept. 13 meeting, when it announced a third round of so-called quantitative easing that tends to debase the currency. The central bank will continue record stimulus even after economic expansion gains strength, Chairman Ben S. Bernanke said this week.

Australia’s dollar earlier slid to a four-week low after data showed the nation’s retail sales rose by less than economists had expected. Retail sales in Australia advanced 0.2 percent in August from the previous month, when they dropped 0.8 percent, the statistics bureau said today in Sydney. Economists had forecast a 0.4 percent increase.

EUR/USD: during the Asian session, the pair rose to yesterday's high.

GBP/USD: during the Asian session, the pair restored to $1.6100.

USD/JPY: during the Asian session, the pair rose refreshing week's high of Y78.70.

UK data sees the release of the Halifax house price index at 0700GMT, followed by the release of the UK September New car and commercial vehicle registrations data at 0800GMT. Thursday sees the announcement of the Bank of England's Monetary Policy Committee decision, at 1100GMT. At 1145GMT the ECB to announce interest rate decision is due, with no change in policy expected. However, the ECB's 1230GMT press call (policy meeting outside Frankfurt this month - in Llubjana, Slovenia) will of course be the key focus for the markets.

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
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