Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

10.07.2013 17:41

American focus: the dollar declines in anticipation of the FOMC minutes

The euro has increased markedly against the dollar, restored with almost all the positions lost yesterday. Note that the strengthening currency helped to reports in Germany and France.

As shown by the final data, which were presented by the Federal Statistical Office, at the end of last month inflation accelerated again in Germany, which was the second consecutive monthly increase, which primarily was due to higher prices for food and energy. Meanwhile, add that with the last read of inflation reached its highest level since December 2012. According to a report by the end of June, consumer prices rose by 0.1% on a monthly basis, and have risen by 1.8% a year, which is fully consistent with the preliminary estimates and forecasts of experts. For comparison, in April, the annual inflation rate was 1.2%.

For France, the data from the Statistical Office Insee showed that by the end of May the volume of French industrial production fell by less than many economists had forecast, which partly helped increase production of cars and electricity. According to a report in the May monthly basis, the volume of industrial production decreased by 0.4%, which was followed after increasing by 2.2% in April. We also add that the annualized value of this indicator increased by 0.4%, almost blocking the decline of 0.5% recorded in the previous month. Experts estimate the volume of production to be reduced by 0.5% on a monthly basis, and will decrease by 0.1% per year.

The yen rose significantly against most major currencies as signs of recovery in the Japanese economy reduces the prospects that the central bank soften its monetary policy this year. Also, the currency's associated with the start of a two-day meeting of the Bank of Japan. Most economists believe that the outcome of the meeting of the Central Bank Haruhiko Kuroda manager and his colleagues will not expand incentive programs. It is expected that the bankers will discuss the situation in the markets, and, according to rumors, a reassessment of the country's economic growth upwards.

Also helped to strengthen the currency report on China. According to published data, the volume of exports in June fell by 3.1% compared with the same period last year, after the lackluster growth in May, up 1% compared to May 2012. Result for June was significantly worse than expected export increase by an amount slightly greater than 3%. Weak export completes a series of disappointing indicators of the Chinese economy. However, in a report released Wednesday morning, a statement by Prime Minister Li Keqiang pointed out that the current level of growth is within the acceptable range.

10.07.2013 17:22

European stocks close

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


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
Request a callback
Top Page