Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


09.04.2013 06:21

Asian session: The dollar and yen dropped

01:30 Australia National Australia Bank's Business Confidence March 1 2

01:30 China PPI y/y March -1.6% -1.8% -1.9%

01:30 China CPI y/y March +3.2% +2.5% +2.1%


The dollar and yen dropped against most major peers as traders estimated policy makers in the U.S. and Japan will maintain or expand monetary stimulus measures.

The greenback fell for a fifth day versus the euro after Federal Reserve Chairman Ben S. Bernanke said economic conditions aren’t where he’d like them to be. Bernanke said yesterday that Fed tests of whether U.S. financial companies could survive a severe recession have strengthened the banking system and aided economic growth. “Today the economy is significantly stronger than it was four years ago, although conditions are clearly still far from where we would all like them to be,” he said in a speech in Stone Mountain, Georgia.

The yen slid to a more than three-year low against the euro as Japan’s Prime Minister Shinzo Abe said currency movements are having an overall positive impact. The yen plunged 6.4 percent in the previous three days versus the dollar, the most since 1988, after the Bank of Japan took unprecedented easing steps. The yen hasn’t been at 100 per dollar since April 2009. The currency’s 14-day relative strength index against the greenback was at 27, below the 30 level that some traders see as a sign an asset’s price has fallen too fast.


EUR / USD: during the Asian session, the pair rose to $ 1.3070.

GBP / USD: during the Asian session, the pair rose to $ 1.5280.

USD / JPY: during the Asian session, the pair rose to Y99.70, but fell to Y99.05 later.


The European calendar gets underway at 0600GMT Tuesday, with the release of the German February trade balance data. French data starts at 0630GMT, when the March Banque de France business survey is released, followed at 0645GMT by the February foreign trade numbers. German Finance Minister Wolfgang Schaeuble and U.S. Treasury Secretary Jacob Lew, are scheduled to give a joint press conference after their meeting, in Berlin. Lew is on his second day of a two-day trip to eurozone capitals. The presser is set for 0830GMT. Also at 0830GMT, Sweden Riksbank Gov. Stefan Ingves takes part in the Riksdag Finance Committee's hearing in Stockholm. At 1600GMT, Bundesbank board member Carl-Ludwig Thiele is to speak about the Bundesbank role in the Eurosystem, in Frankfurt. At the same time, ECB Executive Board member Joerg Asmussen is to speak, in Nuertingen, Germany. Today we have IP/Mfg out at 0830GMT, alongside trade numbers. However, Monday's sterling pullback could be seen as market positioning for such an event, therefore a surprise set of strong data could provide a bigger reaction.

Market Focus

  • US nonfarm payrolls rise more than expected in July
  • Canada’s merchandise trade deficit widens in June
  • Canada unemployment rate falls to lowest level since October 2008
  • Canada Ivey PMI falls less than expected in July
August 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
21
22
23
24
25
26
27
28
29
30
31

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