Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


23.10.2012 06:02

Asian session: The yen weakened past 80 against the dollar

 

 

01:00 U.S. Presidential Debate


The yen weakened past 80 against the dollar for the first time in three months as signs the world’s third-largest economy is closer to contraction fanned speculation that the Bank of Japan will add further stimulus. Japanese Economy Minister Seiji Maehara, who has been calling for more action from the central bank, said today he may attend the BOJ’s next meeting on Oct. 30 if schedule permits. Maehara took part in the previous gathering ended Oct. 5, the first minister to do so for more than nine years.

Demand for the euro was limited before a report today that may show an index of European consumer confidence remained at a more-than three-year low. The European Commission in Brussels will probably say today its initial estimate for sentiment was minus 25.9 in October, according to the median estimate of economists in a Bloomberg News survey. That would match September’s reading that was the lowest since May 2009.

The Australian dollar held onto three days of losses before data forecast to show inflation held near the slowest in 13 years, providing scope for the Reserve Bank to cut borrowing costs. In Australia, the so-called trimmed mean gauge of core consumer prices probably rose 2.2 percent in the three months ended Sept. 30 from a year earlier, according to economists surveyed by Bloomberg before the statistics bureau publishes its inflation report tomorrow. That compares with a 2 percent increase in the previous quarter, the slowest pace since June 1999. The Reserve Bank of Australia targets average annual inflation of 2 percent to 3 percent. Interest-rate swaps data compiled by Bloomberg show traders are almost certain that policy makers will cut the overnight cash rate target by 25 basis points to 3 percent at their next meeting on Nov. 6.


EUR/USD: during the Asian session the pair fell to $1.3050.

GBP/USD: during the Asian session, the pair traded in the range of $1.6005-25.

USD/JPY: during the Asian session, the pair rose to Y80.00, but later backed away from that level.


There is a full calendar Tuesday, with a mix of data and official speakers. At 0755GMT, the German Economics Minister, Philipp Roesler, is to speak about "Economics and the State in the 21st Century" at a German Engineering Summit, in Berlin. ECB Governing Council member Erkki Liikanen to speak at 1100GMT at the CEPS event in Brussels, with a speech entitled "Reshaping the EU banking sector structure."

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 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