Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


11.11.2013 07:01

Asian session: The greenback remained higher

00:30 Australia Home Loans September -3.9% +3.6% +4.4%

05:00 Japan Eco Watchers Survey: Current October 52.8 54.2 51.8

05:00 Japan Eco Watchers Survey: Outlook October 54.2 54.7 54.5


The greenback remained higher after jobs data last week topped economist forecasts, boosting Treasury yields. U.S. employers added 204,000 workers in October, compared with a Bloomberg News survey median for a 120,000 gain, a report last week showed.

Fed Bank of Minneapolis President Narayana Kocherlakota and Atlanta peer Dennis Lockhart will speak tomorrow. Kocherlakota is scheduled to speak tomorrow on monetary policy and will take questions following his address. He said Oct. 17 that officials must do “whatever it takes” to push for a faster return to full employment while keeping inflation near 2 percent, including possibly providing more stimulus. Lockhart said Nov. 8 that the Fed will consider reducing its bond-buying program at next month’s policy meeting.

The euro was near a 10-month low against the pound ahead of data this week that may show factory output declined in the currency bloc and after an unexpected rate reduction by the European Central Bank. Euro-area industrial output probably fell 0.3 percent in September from a month earlier when it rose 1 percent, a separate Bloomberg News poll of economists shows. The report is due for release on Nov. 13. The ECB halved its main refinancing rate on Nov. 7 to 0.25 percent with ECB President Mario Draghi saying the 17-nation currency bloc risks a “prolonged period” of low inflation.

Demand for the pound may be sustained with some strategists predicting that Bank of England Governor Mark Carney will signal interest rates could rise sooner than previously anticipated as unemployment edges closer to policy makers’ key threshold.


EUR / USD: during the Asian session the pair traded in the range of $ 1.3345-75

GBP / USD: during the Asian session, the pair rose to $ 1.6020

USD / JPY: during the Asian session the pair fell to Y98.95


With US bond and forex markets closed for the Veterans' Day holiday, there is a very light calendar across the board on Monday. Perhaps one of the most interesting post-cut reactions will come Monday, when Bundesbank President Jen Weidmann, easily the most hawkish member of the ECB's Governing Council, speaks at an investment event in Vienna. The limited releases scheduled for Monday includes Italian September industrial production data at 0900GMT.

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