Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


14.05.2013 18:30

American focus: the U.S. dollar increased


The U.S. dollar rose against major currencies amid improved prospects for the U.S. economy and the fall in commodity prices.

Oil prices fell on Tuesday after the U.S. Energy Department reported that the increase in oil production in North America could lead to a positive shock to the terms of the proposal. "The shock to the supply side, due to the growth of oil production in North America will have a transformative effect on the market within the next five years, as was the case with the increasing demand in China for the past 15 years", - told the agency.

The yen traded at nearly five-year lows against the U.S. currency, which reached a level of 100 yen last week, continued growth on the scale of monetary stimulus adopted in Japan in April.

Investors are watching the rise of the U.S. dollar against the yen, which was also supported by data indicating that the economic recovery in the U.S. continues.

Import prices in the U.S. in April fell by 0.5%, which corresponds to the forecast of economists. This decline is mainly due to a decline in oil prices. This is the U.S. Commerce Department reported Tuesday.

The dollar index ICE, which tracks the greenback against a basket of six other major currencies, was at 83.328 against 83.276 late Monday in New York.

The dollar index WSJ, another indicator of the value of the U.S. currency against a slightly broader basket of currencies, was at 74.90 against 74.82.

Euro earlier rose against the dollar after data showed that industrial production in the euro area in March rose by 1% adjusted for seasonal variations. But the rise of the euro against the background of the industrial production data was limited by the German ZEW economic expectations index for May, which rose by 0.1 points to 36.4. Economists had expected the index to 39.5. In April, the index fell to 36.3, while analysts were expecting it to be 43.0.

Value of the pound fell against the dollar on speculation investors reduced their holdings UK currency, before the Bank of England tomorrow will present its latest inflation forecast. Note that sterling reached a two-week low against the U.S. dollar, even after showed that house prices in the UK rose to its highest level since June 2010.

Recall also that tomorrow, Bank of England Governor Mervyn King will be the last time at a press conference in his current role. The next month it will take the post of Governor Mark Carney, who is currently the head of the Bank of Canada.

14.05.2013 17:30

European stocks close

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 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