Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


14.02.2013 13:24

European session: the euro declined

06:30 France GDP, q/q (preliminary) IV quarter +0.1% -0.2% -0.3%

06:30 France GDP, Y/Y (preliminary) IV quarter 0.0% -0.2% -0.3%

07:00 Germany GDP (QoQ) (preliminary) IV quarter +0.2% -0.5% -0.6%

07:00 Germany GDP (wda) (YoY) (preliminary) IV quarter +0.4% +0.2% +0.4%

07:45 France Non-Farm Payrolls (preliminary) IV quarter -0.3% -0.2% -0.2%

09:00 Eurozone ECB Monthly Report February

10:00 Eurozone GDP (QoQ) (preliminary) IV quarter -0.1% -0.4% -0.6%

10:00 Eurozone GDP (YoY) (preliminary) IV quarter -0.6% -0.7% -0.9%


The euro fell sharply against the dollar after the release of the preliminary report on the euro area GDP, were worse than expected. In the 4th quarter Eurozone GDP has accelerated the rate of decline from the preliminary -0.6% to -0.9% in annual terms compared with an expected 0.7%. In the quarterly equivalent index fell by 0.6% vs. -0.4%.

In the 4th quarter of 2012, gross domestic product / GDP / eurozone contracted at the fastest pace in nearly four years. Weakening global economic activity and the deep recession, recorded in the southern eurozone countries had a negative impact on these engines of economic growth, such as Germany and France.

In Germany, in the 4 th quarter GDP fell by 0.6% q / q St. after growth of 0.2% in the previous quarter and the forecast of -0.5%. The annual equivalent of NSW. rose by 0.1%, slowing down against the result of +0.4% in Q3. and fell short of the forecast +0.2%. In France, the economy contracted by 0.3% q / q. In Italy, the economy has picked up the baton and declined in Q4. by 0.9% q / q vs. -0.6%. The annual rate fell by 2.7% against prev. -2.4%.

The ECB has warned that strengthening of the euro could reduce the rate of inflation for the target mark of the Bank. As an upside inflation risks were identified increase in administered prices and indirect taxes, and the price of oil, while the downside risks to the Bank considered the economic slowdown and the strengthening of the single currency, noted recently. The ECB expects the region's economy will start to recover later this year.

The yen is trading sideways against the dollar, as investors reacted to the decision by the Bank of Japan kept monetary policy unchanged and consider further support for the Japanese economy in the coming months due to the ongoing recession in the country. Also today, the data released by Japan, which recorded that the economy is in the 4th quarter. 2012 was not able to get out of recession. In annual terms, the Japanese economy on the basis of the last three months of 2012 decreased by 0.4%. Analysts had expected with growth of 0.1% compared to the third quarter and 0.4% year on year.


EUR / USD: during the European session the pair fell to the low of $ 1.3314



GBP / USD: during the European session the pair fell to the low of $ 1.5493

USD / JPY: during the European session the pair is trading in the range of Y93.08 - 72

In the U.S. at 13:30 GMT will the number of initial claims for unemployment insurance, the number of repeated applications for unemployment benefits. At 21:45 GMT New Zealand will publish the change in retail trade, including excluding vehicle sales for the 4th quarter.


14.02.2013 13:05

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