Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

16.10.2013 12:14

European session: the pound against the dollar has increased significantly since the publication of data on unemployment


08:30 United Kingdom Average earnings ex bonuses, 3 m/y August +1.0% +1.0% +0.8%

08:30 United Kingdom ILO Unemployment Rate August 7.7% 7.7% 7.7%

08:30 United Kingdom Average Earnings, 3m/y August +1.1% +1.0% +0.7%

08:30 United Kingdom Claimant count September -32.6 -24.3 -41.7

08:30 United Kingdom Claimant Count Rate September 4.2% 4.2% 4.0%

09:00 Eurozone Trade Balance s.a. August 11.1 12.4 12.3

09:00 Eurozone Harmonized CPI September +0.1% +0.5% +0.5%

09:00 Eurozone Harmonized CPI, Y/Y (Finally) September +1.1% +1.1% +1.1%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y September +1.0% +1.0% +1.0%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) October 16.3 21.0 24.9

The euro exchange rate rose significantly against the dollar amid continued uncertainty ahead of tomorrow's "Deadline" USA.

We also add that the pressure on the U.S. currency has had a decision of the rating agency Fitch Ratings, which downgraded the outlook for the highest rating of the U.S., which is located at the level of AAA to "negative." Agency refers to the inability of the government to increase the borrowing limit, and the deadline is approaching for this.

"The political balancing act" on the brink "and reduced funding flexibility may increase the risk of a U.S. default," - said Fitch, saying the debt ceiling, according to the agency, is likely to be raised.

It should also be noted that support for the euro had submitted data for the euro area, which showed that by the end of August trade surplus euro area has increased substantially as a modest rebound in exports outpaced import growth. However, despite the sharp increase in the surplus was slightly less than expected.

According to the report, the seasonally adjusted trade surplus rose in August to the level of 12.3 billion euros, compared with a profit in the amount of $ 11 billion in July, which was revised down from 11.1 billion euros. Add that, according to many experts the value of this index would grow to 12.4 billion euros.

Meanwhile, data showed that exports in August amounted to 157.4 billion euros, which was 1.0% more than in July, while imports amounted to 145.1 billion euros, an increase of only 0.2% Compared with the previous month.

The pound rose sharply against the U.S. dollar, which has been associated with access better-than-expected data on Britain.

The Office for National Statistics said that by the end of last month the number of people claiming unemployment benefits, significantly decreased, thereby exceeded the forecasts, and its lowest level since January 2009.

According to the report, in the month of September, the number of applications for unemployment benefits fell by 41,700, reaching 1,350,000 at the same level. It is worth noting that according to the average forecasts of experts the value of this index was reduced by 24.3 thousand also add that in September 2012 the number of applications for benefits dropped by 214,500.

In view of the last recession level of applications for employment of unemployed fell in September to a level of 4 percent from 4.2 percent a month earlier. Add that analysts forecast the level of applications was to remain unchanged.

Meanwhile, data showed that the unemployment rate for the three-month period (August), calculated by the standards of the International Labour Organization, has remained constant - at around 7.7 percent, which was in line with the forecasts of experts, but less than 0.1 percentage points than the three-month period from March to May.

EUR / USD: during the European session, the pair rose to $ 1.3562

GBP / USD: during the European session, the pair rose to $ 1.6060

USD / JPY: during the European session, the pair fell to Y98.28

At 12:30 GMT Canada will report on changes in the volume of manufacturing sales in August. At 14:00 GMT the U.S. will release the housing market index from the NAHB for October. At 18:00 GMT will publish economic survey of the Fed's regional "Beige Book."

16.10.2013 12:00


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