Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


10.12.2013 07:09

Asian session: The euro touched the highest in almost six weeks

00:01 United Kingdom RICS House Price Balance November 57% 59% 58%

00:30 Australia National Australia Bank's Business Confidence November 5 5

00:30 Australia Home Loans October +4.4% +1.3% +1.0%

05:00 Japan Consumer Confidence November 41.2 44.2 42.5

05:30 China Retail Sales y/y November +13.3% +13.2% +13.7%

05:30 China Fixed Asset Investment November +20.1% +20.1% +19.9%

05:30 China Industrial Production y/y November +10.3% +10.2% +10.0%

06:00 Japan Prelim Machine Tool Orders, y/y November +8.4% 15.4%


The euro touched the highest in almost six weeks against the dollar before data today forecast to show a rebound in French industrial production. French industrial production probably rose 0.1 percent in October from the previous month, when it shrank 0.5 percent, according to the median estimate of economists surveyed by Bloomberg News.

The shared currency reached its strongest in five years versus the yen ahead of a speech by European Central Bank President Mario Draghi today.

The dollar rose to a six-month high against Japan’s currency after Federal Reserve Bank of Dallas President Richard Fisher said the U.S. central bank should begin dialing back its asset purchases as soon as possible. Dallas Fed President Fisher said yesterday in a speech in Chicago that the central bank has done “more than enough” bond buying. Following an earlier speech in the city the same day, he told reporters that policy makers “should get started as soon as possible” on tapering their $85 billion of bond purchases each month.

The pound touched a two-year high versus the greenback before the release of a U.K. factory output report. In the U.K., industrial production probably increased 0.4 percent in October from the month before, when it gained 0.9 percent, according to a Bloomberg economist poll. Bank of England Governor Mark Carney said yesterday that Britain’s recovery will need to be sustained for a while before it is strong enough to withstand higher interest rates.


EUR / USD: during the Asian session, the pair rose to $ 1.3765

GBP / USD: during the Asian session, the pair rose to $ 1.6465

USD / JPY: on Asian session the pair traded in the range of Y102.15-45


The markets continue to trade in fairly narrow ranges in Europe as year end approaches. However, the calendar has a fairly full status. The European calendar gets underway from 0745GMT, with the release of the French October industrial output data. At 0900GMT, Italian October industrial production data and third quarter GDP numbers will cross the wires. At 1200GMT, ECB President Mario Draghi is scheduled to speak at a conference in memory of Curzio Giannini, in Rome. ECB Governing Council member Inacio Visco will also speak at some point in the day.\There is a slew of UK data expected at 0930GMT, including October industrial production, October trade data and November BOE quoted rates. Most analysts expect industrial production expanded again on the month in October, albeit at a slower rate than seen in September after a weak reading in August. The manufacturing sector is still around 9% smaller than it was before the financial crisis hit, whereas the larger services sector has now made up the ground it lost during the recession. Other private sector surveys have shown manufacturing expanded strongly into Q4 after National Statistics data showed manufacturing output rose 0.9% quarter on quarter in Q3, the same rate of growth as seen in Q2. The PMI readings for the sector have been strong. Trade data for October will hopefully show some improvement after a poor performance in the third quarter, when overall trade was a significant drag on GDP growth. Even so, exports may well struggle to improve given the weak demand from the struggling Eurozone, Britain's main export partner.

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