Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

28.10.2013 18:40

American focus: the euro fell

The euro is moderately lower against the U.S. dollar after the release of mixed U.S. data . As recent data , which were presented by the Federal Reserve , at the end of last month, the volume of industrial production in the U.S. has grown significantly , thereby exceeded the average forecasts of experts. According to the report , in September, the volume of industrial production increased by a seasonally adjusted 0.6 % compared with August , while capacity utilization rose by 0.4 percentage points - to the level of 78.3 %. Add that to the experts on industrial production would grow by 0.4 % and capacity utilization - to 78.1 %. Note that the gain in September , industrial production rose back to the average of 2007, which is fixed for the first time since the recession. Also, the data showed that the growth rate for August remained unedited - at the level of 0.4 %. The Federal Reserve also reported that the production in the manufacturing sector , which is the largest component of industrial production, increased in September by 0.1 %, which was followed , after rising 0.5 % in August. Output in the utility sector , meanwhile, grew by 4.4 % during the month, after declining in the previous five months.

Another report showed that the number of Americans who signed contracts to buy housing, dropped sharply in September , registering with the fourth monthly decline in a row, which was mainly due to an increase in interest rates on mortgages and fiscal uncertainty. The National Association of Realtors reported that the index, which measures the number of pending home sales in the secondary market , fell by a seasonally adjusted 5.6% compared to August , reaching at the same annual rate of 101.6 , the lowest level since December 2012 . We add that, given the recent deterioration in the figure was 1.2% lower than in September 2012 . It was the first time in more than two years, the number of pending home sales were lower than a year earlier. Note that according to the average forecast of experts , the index should have grown by 0.5 % , after falling 1.6 % in August.

We add that the markets are also waiting for the meeting of the Operations Committee on the Federal Open Market on Wednesday in hopes of getting guidance on the timing of folding. Experts point out that the Federal Reserve is likely to repeat that it is not willing to reduce the amount of bond buying program and will wait for more evidence that the economy is strong enough to cope with the reduction incentives. The vast majority of analysts agree that the central bank will continue the program of asset purchases , which is $ 85 billion a month after the end of the two-day meeting on Tuesday and Wednesday . In the accompanying statement , the central bank is likely to confirm the possibility of folding the program purchases until the end of the year. In recent days, many well-known economists have revised their expectations about the first reduction in the QE March 2014 .

The pound fell against the dollar, losing the position of all previously earned .

Earlier, the strengthening of the British currency was due to the release of the report from Hometrack, which showed that the average price in the sale of housing in the UK continued to rise in October, which was due to increased demand among buyers. However, the number of proposed homes for sale declined, raising questions about the health of the housing market. According to the report , the average asking price for a house in the UK rose by 0.5 % in October compared with the previous month , when prices rose at the same pace . This marks the ninth consecutive monthly increase in prices . On an annual basis , house prices rose in October by 3.1 %, compared with an increase of 2.4 % in the previous month.

Add that after the publication of GDP data for the UK next major event for the pair will be meeting FOMC, although the markets and predict that Bernanke will be neutral tone . Tomorrow Britain will publish reports on the money supply , loan approvals for mortgages , consumer loans , and in the second half of the week - the data on potrebdoveriyu Gfk, Nationwide house prices and PMI Markit.

28.10.2013 18:03

European stocks close

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
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