Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



01.08.2013 12:22

European session: the pound rose on strong PMI and the decision of the Bank of England

07:50 France Manufacturing PMI (Finally) July 49.8 49.8 49.7

07:55 Germany Manufacturing PMI (Finally) July 50.3 50.3 50.7

08:00 Eurozone Manufacturing PMI (Finally) July 50.1 50.1 50.3

08:30 United Kingdom Purchasing Manager Index Manufacturing July 52.5 52.8 54.6

11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

11:00 United Kingdom Asset Purchase Facility 375 375 375

11:00 United Kingdom MPC Rate Statement

11:45 Eurozone ECB Interest Rate Decision 0.50% 0.50% 0.50%


The euro fell against the U.S. dollar despite the data on the growth of activity in the manufacturing sector in Germany and the euro zone.

Purchasing Managers Index (PMI) for the manufacturing sector in the euro area July rose to 50.3 against 48.8 in June. Thus, for the first time since July 2011, he was above the threshold level 50 which separates growth in activity from its decline. The July value was revised upward from a preliminary estimate of 50.1. Growth in the manufacturing sector of Germany was the fastest one and a half years, and Italian manufacturers reported an increase in activity for the first time in two years.

Today announced its decision to the ECB, which left interest rates unchanged at 0.50%. Euro has not reacted to this decision. Later, a press conference of the ECB, Mario Draghi, on which investors are waiting for comments on the policy of the central bank and the state of the eurozone economy.

The British pound rose against the dollar after strong data on manufacturing PMI and the decision of the Bank of England.

Manufacturing activity in the UK in July showed the highest growth in over two years. Total new orders rose at the fastest pace since February 2011, receiving support from the national and international market and increasing employment third consecutive month. Purchasing Managers Index (PMI) for the manufacturing sector, which is calculated by Markit and the Chartered Institute of Purchasing & Supply, in July rose to 54.6, its highest level since March 2011, against 52.9 in June.

Today, the Bank of England decided, in line with expectations, leaving at current levels as the rate and the size of its asset purchase program (0.5% and £ 375 billion, respectively). Unlike last month, this time MPC refrained from accompanying statement. However, the Bank of England has confirmed its intention to streamline the communication process and to make their policies more transparent. "As previously announced, the Committee will respond to the request of the Minister of Finance to evaluate the benefits of using targets and" transparency policy "and this will be reflected in the report on inflation, which will be published on August 7.

The Japanese yen fell against most major currencies against the background of large-scale increase of Asian stock markets after more positive than-expected data on the manufacturing sector in China and under the influence of rising expectations of continuing the policy of ultra-low interest rates in the U.S., even after the collapse of the program of bond purchases. The official manufacturing Purchasing Managers Index (PMI) of China rose in July to 50.3 against 50.1 in June, easing concerns about the possibility of a sharp slowdown second-largest economy in the world. In this projected figure at 49.8. The data came after the Federal Reserve on Wednesday left unchanged loose monetary policy against the background of weak economic growth and low inflation in the 1st half of the year.


EUR / USD: during the European session, the pair fell to $ 1.3222


GBP / USD: during the European session, the pair rose to $ 1.5242


USD / JPY: during the European session, the pair rose to Y98.86

At 12:30 GMT will begin monthly press conference of the ECB. At 14:00 GMT the U.S. ISM manufacturing index will be released in July. At 23:50 GMT Japan will release the change in the monetary base in July.


01.08.2013 12:00

Orders

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
Mon
Tue
Wed
Thu
Fri
Sat
Sun
21
22
23
24
25
26
27
28
29
30
31

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