Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

05.09.2013 06:20

Asian session: The Dollar Index rose

00:00 G20 G20 Meetings

00:00 U.S. FOMC Member Narayana Kocherlakota

01:30 Australia Trade Balance July 0.60 0.11 -0.77

03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

03:00 Japan Bank of Japan Monetary Base Target 270 270 270

03:00 Japan BoJ Monetary Policy Statement

The Dollar Index rose before private U.S. reports projected to show employment increased and the service industry expanded, adding to the case for the Fed to reduce debt purchases at a policy meeting on Sept. 17-18. The ADP Research Institute will probably say today U.S. companies added 182,000 jobs last month, according to the median economist estimate compiled by Bloomberg. That would follow a 200,000 increase in July, the most since December.

The Labor Department may say tomorrow U.S. payrolls rose by 180,000 in August while the jobless rate held at 7.4 percent, the lowest since December 2008, a separate poll showed.

The Institute for Supply Management’s gauge of non-manufacturing industries was probably at 55 in August from 56 the previous month, another survey showed before the figures today. Readings above 50 signify expansion.

The yen strengthened against 13 of its 16 major counterparts after the Bank of Japan raised its assessment of the nation’s economy as it left its easing program unchanged.

The Bank of England and the European Central Bank will also announce interest-rate decisions today. U.K. central bank Governor Mark Carney introduced forward guidance on the path of interest rates last month, saying the Monetary Policy Committee won’t consider raising its key rate until unemployment falls to 7 percent, while MPC member Martin Weale voted against it.

EUR / USD: during the Asian session the pair fell below $ 1.3170

GBP / USD: during the Asian session, the pair fell to $ 1.5600

USD / JPY: during the Asian session the pair rose to Y99.95

The data calendar is set to kick off at 0530GMT, with the release of the French second quarter ILO unemployment data. Analysts are looking for a number of 10.6%, up from 10.4% in Q1. At 0700GMT, Eurogroup President Jeroen Dijsselbloem will speak at the European Parliament's Committee on Economic and Monetary Affairs, in Belgium. At 1000GMT, the German July manufacturing orders data will be released. The latest ECB policy decision is expected at 1145GMT, to be followed by President Mario Draghi's press conference at 1230GMT. As well as the policy decision, we will get the release of key "Staff Forecasts" - the figures on growth and inflation from the Banks' economic experts. Given the recent slowdown in headline consumer prices, not to mention the recent exit from the Eurozone's longest recession, investors will be keen to hear what both President Mario Draghi has to say about the Bank's new forward guidance policy as well as the Bank's strategy for dealing with the market implications of the US Federal Reserve's anticipated tapering.

There is another full calendar on both sides of the Atlantic Thursday, with the policy decisions from both the ECB and the BOE set to dominate. There is only limited UK data, with the release of the August SMMT Car Registrations data at 0800GMT. The first central bank decision comes at 1100GMT, when the Bank of England releases the outcome of the September MPC meeting. The meet is the third under the stewardship of Mark Carney. However, analysts expect no change in either Bank Rate of the stg375 billion quantitative easing program, despite the solid upturn in recent economic data.

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