Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


11.01.2013 07:07

Asian session: The yen touched the weakest level since June 2010

01:30 China CPI y/y December +2.0% +2.3% +2.5%


01:30 China PPI y/y December -2.2% -1.8% -1.9%

05:00 Japan Eco Watchers Survey: Current December 40.0 41.1 45.8

05:00 Japan Eco Watchers Survey: Outlook December 41.9 51.0


The yen touched the weakest level since June 2010 against the dollar on speculation the Bank of Japan  will cooperate with Prime Minister Shinzo Abe’s government to ramp up efforts to stimulate the economy. Japan’s currency headed for a ninth week of declines as the Cabinet approved 10.3 trillion yen ($116 billion) of fiscal stimulus after the nation posted wider-than-expected current account and trade deficits. The nation’s current account swung to a 222.4 billion yen deficit in November from a 376.9 billion yen surplus the previous month, Finance Ministry data showed today. The median estimate of economists in a Bloomberg News survey was for a 17.1 billion shortfall.

The euro held the biggest gain in five months against the greenback from yesterday before a report that may show the region’s industrial output increased. Economists surveyed by Bloomberg forecast euro-area industrial production rose 0.3 percent in November from the previous month when it fell 1.4 percent. The European Union’s statistics office releases the data on Jan. 14.

The 17-nation currency was supported after the European Central Bank left its main refinancing rate at a record low of 0.75 percent at a meeting yesterday in Frankfurt, as President Mario Draghi said the economy should regain momentum.


EUR/USD: during the Asian session the pair fell to $1.3250.

GBP/USD: during the Asian session, the pair retreated from yesterday's high to $1.6140.

USD/JPY: during the Asian session, the pair climbed to Y89.35, but declined later.


With the central bank meetings for the week behing us, Friday's focus returns to the data calendar. At 0700GMT, the European Commission Vice President Olli Rehn gives a briefing at the European Policy Centre, in Brussels. The data calendar gets underway at 0700GMT, with the release of the French November current account and the November central govt deficit data. At 1830GMT, German Finance Minister Wolfgang Schaeuble is slated to speak at University of Heidelberg, in Germany. UK data is released at 0930GMT, when UK November Industrial Production numbers will cross the wires. At 1500GMT, the January monthly GDP Growth Forecast will hit the screens.


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