Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

16.07.2013 18:20

American focus: the euro rose against the dollar significantly

The euro rose against the dollar, helped by the data for the euro area, as well as the expectations of tomorrow's speech by Federal Reserve Chairman Ben Bernanke, in which, as expected, he will be able to shed light on the future of the program to purchase assets, as well as their timing. There is a perception that the U.S. central bank cut its purchases of bonds this year and give up the program by mid-2014.

As for the records, is to provide data from the Center for European Economic Research, which showed that in July in the euro zone economic sentiment improved to 32.8 from 30.6 the previous value. Markets had expected a more modest increase to 31.8. Indicator for the current economic situation has also improved and now stands at 74.7 points.

Another report showed that inflation in the euro area accelerated to 1.6 percent in June compared with 1.4 percent in May, in line with a preliminary estimate. On a monthly measurement of the harmonized index of consumer prices rose by 0.1 percent in June. The rate of core inflation, which excludes energy, food, alcohol and tobacco remained stable at 1.2 percent, as expected. On a monthly measurement of core inflation remained unchanged. Energy prices rose 1.6 percent in June from a year earlier, while the prices of food, alcohol and tobacco rose 3.2 percent. Prices of non-energy industrial goods rose by 0.7 percent, and the cost of services increased by 1.4 percent. The annual inflation rate in the EU-27 was 1.7 percent in June, compared with 1.6 percent in May. Monthly inflation rate in the region was 0.1 percent.

It is worth noting that interrupt the growth of the European currency could not even positive U.S. data on consumer prices and industrial production.

The Canadian dollar was up against the U.S. dollar, on the background of the fact that many traders focused on the meeting of the Monetary Policy of the Bank of Canada on Wednesday, which will be the first meeting under the new Governor of the Bank of Canada Stephen runners. Also Wednesday, the quarterly report on monetary policy and the economic outlook of the Bank of Canada.

In general, economists expect the Bank of Canada's policy is left unchanged, the interest rate will remain at 1%, and will be a warning that the next step will be to increase rates. However, given the slowdown in economic growth and low inflation, the rate increase could be delayed until the fourth quarter of 2014

In addition, today's data showed that manufacturing shipments to Canada in May rose 0.7% compared with April, partly recovering from the April decline significantly. The data came out close to expectations, and did not become a serious signal to move in any direction.

The Australian dollar rose sharply against its U.S. counterpart, which in the first place was due to the publication of protocols RBA.

As it became known today, the central bank of Australia in July left interest rates at a record low, while noting that low inflation leaves the door open to the possibility of further rate cuts if the economy will require additional support. This is evidenced by minutes of the last meeting of the Reserve Bank of Australia, which took place on July 2.

As announced today, the minutes also said that the sharp fall in the Australian currency since the beginning of May could in time a bit to raise inflation, but it will remain within the target range of 2-3 percent.

Meanwhile, in the minutes noted that the board also considered that the outlook for inflation, although somewhat increased due to the decrease of the exchange rate may provide some room for further easing of monetary policy, if needed ..

According to the Reserve Bank of Australia, there is growing evidence that low interest rates are beginning to stimulate activity outside the mining industry.

16.07.2013 17:20

European stock close

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


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