Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


19.12.2012 13:23

European session: the euro strengthened to a seven- month high against the dollar after Ifo

 

 

09:00 Germany IFO - Business Climate December 101.4 101.9 102.4

09:00 Germany IFO - Current Assessment December 108.1 108.1 107.1

09:00 Germany IFO - Expectations December 95.2 96.5 97.9

09:00 Eurozone Current account, adjusted, bln October 2.4 5.8 3.9

09:30 United Kingdom Bank of England Minutes -

10:00 Eurozone Construction Output, m/m October -1.4% -1.6%

10:00 Eurozone Construction Output, m/m October -2.6% -4.1%

11:00 United Kingdom CBI retail sales volume balance December 33 26 19

Euro again renewed a maximum of seven months against the U.S. dollar due to strong data on business confidence in Germany. German business confidence index for the economy rose in December 2012 to 102.4 points from 101.4 points a month earlier, according to the research institute Ifo.

Growth in the euro helped the reported increased Greece's rating agency Standard & Poor's by five points. This caused the hope that most of the Greek problems may have left behind. These actions follow after eurozone countries demonstrated a commitment to support Greece's membership in the EU and the Greek government has shown its commitment to fiscal measures, the agency said. The yield on 10-year Greek, Italian and Spanish bonds also fell, reflecting the relief on the market. Greek ASE Composite Index jumped 2%.

Contribute to the reduction of the dollar and expectations that the Democrats and Republicans in the U.S. will soon be able to reach agreement on a plan to reduce the country's budget deficit. Also, the dollar's decline was caused by a warning from Fitch about the threat of the loss of America's current AAA rating in the case of "fiscal cliff."

The yen fell to its lowest level since August 2011 against the euro on expectations of the program of incentives for the Bank of Japan following the meeting on December 19-20. The yen started to fall on Monday after news of the victory in the elections in Japan conservative Liberal Democratic Party.

Yen down for third day against the dollar after the Japanese government report showed that the trade deficit widened in November. Exports fell by 4.1 percent, compared with a year earlier, the Finance Ministry said in Tokyo. The median forecast of economists was a 5.5% decline. Imports increased by 0.8%, causing a deficit of 953.4 trillion yen, the third largest on record.

 

EUR / USD: during the European session, the pair rose to a maximum of $ 1.3308

GBP / USD: during the European session, the pair rose to a maximum of $ 1.6305

USD / JPY: during the European session, the pair rose to a maximum of Y84.57

At 13:30 GMT, Canada will release the change in volume of wholesale trade for October. In the U.S. at 13:30 GMT will volume of building permits issued, the number of new foundations of bookmarks for November in 15:30 GMT - data on stocks of crude oil from the Department of Energy. At 21:45 GMT New Zealand will publish the change in GDP for the 3rd quarter.


19.12.2012 13:03

Orders

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