Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



25.07.2013 06:04

Asian session: The dollar maintained a gain from yesterday


The dollar maintained a gain from yesterday against its major peers before data on U.S. employment and manufacturing that may influence market expectations for when the Federal Reserve will pare back its stimulus measures. The number of people in the U.S. continuing to receive jobless benefits fell by 89,000 to 3.03 million in the week ended July 13, economists surveyed by Bloomberg News forecast before today’s data. A second report will show that durable goods orders climbed 1.4 percent in June, a third-consecutive gain, according to the median estimate in a separate poll.

The Bloomberg Dollar Index yesterday advanced by the most in two weeks after a report showed sales of new U.S. homes rose to the highest level in five years. Purchases (NHSLTOT) of new homes in the U.S. rose 8.3 percent to an annualized pace of 497,000 homes in June, the Commerce Department said yesterday, beating the median estimate for a 1.7 percent advance. Fed Chairman Ben S. Bernanke told Congress last week that any reduction in stimulus would depend on the economy’s performance.

The euro held near a two-month high versus the yen before a survey forecast to show Germany’s business climate improved for a third month. In Germany, the Ifo institute’s business climate index, based on a survey of 7,000 executives, probably climbed to 106.1 from 105.9 in June, according to the median forecast in a Bloomberg survey. A measure of current conditions also gained, while a gauge of expectations was unchanged, the survey shows.

The New Zealand dollar rose against all its major peers after Reserve Bank Governor Graeme Wheeler said “removal of monetary stimulus will likely be needed in the future.” The central bank said the pace of future interest-rate increases will depend on the booming housing market’s impact on prices, while reiterating it will keep borrowing costs at a record-low 2.5 percent this year.


EUR / USD: during the Asian session the pair rose above $ 1.3200

GBP / USD: during the Asian session the pair rose above $ 1.5330

USD / JPY: during the Asian session the pair fell to Y100.00


There is a full calendar on Thursday, with the German IfO survey and the UK second quarter GDP data the stand out events. The calendar gets underway at 0600GMT, with the release of the German May construction orders. Other data expected at 0800GMT, the EMU June M3 data. The main release for 0800GMT is the German July IFO business survey. Analysts see the Business survey coming in at 105.9, with current  conditions at 109.6. Eurozone finance ministers will gather in Brussels from 1100GMT for the latest ECOFIN meeting, with the discussion likely to focus on the latest disbursement of funds to Greece. The Belgium July business Sentiment survey will cross the wires at 1300GMT. There is a full calendar on Thursday, with the German IfO survey and the UK second quarter GDP data the stand out events. At 0830GMT, the first reading of the UK's second quarter GDP data will be released, along with the May services index. A sharp rise in the pace of UK growth is expected in the second quarter.

Across the Atlantic, the calendar starts at 1200GMT, with the release of the US June revised Building Permits data. At 1230GMT, the Jobless Claims data for the July 20 week and the June Durable Goods data will be published. Initial jobless claims are expected to rise by 6,000 to 340,000 in the July 20 week after falling by 24,000 in the previous week.  US Treasury Secretary Jack Lew is expected to make remarks on outstanding projects financed by multilateral development banks, due at 1245GMT. Back in Washington, at 1330GMT, the IMF's regular biweekly press briefing is expected. Then, at 1430GMT, the EIA Natural Gas Storage for the July 19 week are expected. The July Kansas City Fed Production data will be released at 1500GMT. Late US data is expected at 2030GMT, when the Money Supply data for the July 15 week will cross the wires.


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