Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



26.11.2012 08:45

Forex: Friday’s review

 

 

The euro strengthened to its highest level in three weeks against the dollar after data showed that the index of German business confidence rose in November, boosting optimism about the fact that Europe's largest economy is starting to gain momentum.

The single currency was headed for a weekly gain in comparison with most of its 16 major counterparts on speculation that policy makers will agree to help Greece at a meeting to be held on Monday, November 26.

Analysts note that the single currency could rise to its September high against the dollar at 1.3172, but first is to overcome the level of $ 1.3021, which is the highest level since Oct. 31. Analysts Landesbank Hessen-Thueringen in Frankfurt including Ralf Umlauf wrote in a note to clients.

The yen strengthened against the dollar as the fact that the technical indicators show that the decline this week, may have been too quick.

Note that the currency of Japan continues to be headed for the second weekly decline against the dollar as the opposition leader Shinzo Abe, who is expected to become the next prime minister after the elections on 16 December, and will increase the pressure on the Bank of Japan to add stimulus measures that would tend to weaken the yen.

The pound strengthened against the U.S. dollar, registering with the first weekly rise in a month, after a report from the British Bankers' Association showed that the number of mortgage approvals rose to nine-month high in October.


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