Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


04.07.2013 06:08

Asian session: The euro traded 0.6 percent from its weakest in more than a month

00:30 Japan BOJ Governor Haruhiko Kuroda Speaks

01:30 Australia Building Permits, m/m May +9.5% -0.9% -1.1%

01:30 Australia Building Permits, y/y May +28.8% -0.1% -3.2%


The euro traded 0.6 percent from its weakest in more than a month before the European Central Bank meets today following recent comments from President Mario Draghi that monetary policy will stay accommodative. The central bank will keep its benchmark interest rate unchanged at a record low of 0.5 percent today, according to 61 of 62 forecasts in a Bloomberg News survey of economists.

The 17-nation currency fell for a second day against the yen after Portugal’s bonds slumped and two of the nation’s ministers resigned, reigniting concern Europe’s sovereign-debt crisis is worsening. With Portugal’s 10-year yield yesterday climbing above 8 percent for the first time since November, investors are seeking assurance from the ECB president that the central bank has no plans to end its current accommodative stance. Some economists are suggesting Draghi will go a step further and offer commitments on the path of interest rates.

The Dollar Index remained lower after declining yesterday from a one-month high ahead of a U.S. jobs report that may help signal whether the economy is strong enough for the Federal Reserve to pare back its bond purchases. The dollar remained lower versus its Japanese counterpart before a Labor Department report tomorrow that may show nonfarm payrolls in the world’s biggest economy increased by 165,000 jobs in June, a Bloomberg survey forecast. The unemployment rate is predicted to fall to 7.5 percent from 7.6 percent.

U.S. financial markets are closed today for the Independence Day holiday.


EUR / USD: during the Asian session the pair fell to $ 1.2985

GBP / USD: during the Asian session the pair fell to $ 1.5250

USD / JPY: during the Asian session the pair traded in the range of Y99.70/10


US markets are closed for the Independence Day holiday Thursday and there are only a few entries on the European calendar, albeit two the the bggest monthly set pieces - the ECB and BOE policy meetings. The only UK numbers set for publication are the June SMMT New Car Registrations expected at 0800GMT. At 1100GMT, the July BOE Monetary Policy Decision is expected. The meeting is new Bank of England Governor Mark Carney's first. Analysts are near unanimous in the belief that the July MPC meeting, whatever the views of Carney, will end with unchanged policy. The key decision making month is August, not July, and it would make littl sense, not least from a communications perspective, for the MPC to jump the gun. At its August meeting the MPC will have the updated quarterly economic forecasts that underpin that month's Inflation Report.

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