Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


05.02.2014 07:01

Asian session: The euro declined

00:00 China Bank holiday

01:30 Japan Labor Cash Earnings, YoY December +0.5% +0.7% +0.8%


The euro declined toward a 10-week low against the yen before data today that may show retail sales fell in the region amid speculation the European Central Bank will reinforce its commitment to lower rates. Official data today may show that retails sales in the euro region fell 0.7 percent in December from a month earlier, according to the median forecast of economists surveyed by Bloomberg. They rose 1.4 percent in November, matching the biggest increase in 12 years.

The ECB will probably hold the benchmark interest rate at a record-low 0.25 percent at its policy meeting tomorrow as it faces slowing inflation, according to economists surveyed by Bloomberg News. The European Union’s statistics office said last week that consumer-price growth slowed in January to match the least since November 2009. After the Jan. 9 policy meeting, ECB President Mario Draghi said the central bank “strongly emphasizes” that it will maintain accommodative measures for as long as necessary.

The yen advanced against the currencies of New Zealand and Australia after Gross, who runs the world’s biggest bond fund at Pimco, said the pace of China’s economic growth is one of the greatest risks for financial markets. “I call China the mystery meat of emerging-market countries,” Gross said yesterday during an interview with Bloomberg Television. “Nobody knows what’s there and there’s a little bit of bologna, so we’re just going to have to wonder going forward through this year as to the potential problems in China and other emerging markets.”


EUR / USD: during the Asian session, the pair traded in the range of $ 1.3510-25

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6320-40

USD / JPY: on Asian session the pair fell to Y101.20


The data continues to come thick and fast on Wednesday, with the key early data the release of the European services PMI data. The European calendar gets underway at 0813GMT, with the release of the Spanish final January services PMI numbers, followed by Italy at 0843GMT, France at 0848GMT, Germany at 0848GMT and the Euro area amalgamated data at 0858GMT. Overall PMI numbers are seen as flat or modestly higher on December's number. In between, at 0830GMT, the German Chamber Of Trade and Industry, DIHK, issues its Spring business survey and forecasts, in Berlin. There is more eurozone data expected at 1000GMT, with the EMU December retail sales data set for release. Economists are looking for a fall of 0.7% on the month, higher by 1.5% on year.

The US calendar starts at 1200GMT, with the release of the MBA mortgage index for the Jan 31 week. At 1315GMT, the markets will get their first hint at Friday's non-farm payroll data when the January ADP National Employment Report is released. Analysts are looking for an add of 187,000 jobs. Canadian December Building Permits data will be released at 1330GMT. The US calendar continues at 1358GMT, when the January Markit Services PMI numbers are published. Federal Reserve Gov. Daniel Tarullo and SEC Chair Mary Jo White testify on the impact of the Volcker rule before the House Financial Services Committee in Washington, starting at 1500GMT. Also at 1500GMT, the January ISM non-manufacturing index will cross the wires, along with the January help-wanted online data. At 1530GMT, the EIA Crude oil stocks data for the Feb 01 week will cross the wires. There are further Fed appearances later in the day. At 1730GMT, Philadelphia Federal Reserve Bank President Charles Plosser will give a speech on the economic outlook, in Rochester. Atlanta Federal Reserve Bank President Dennis Lockhart delivers a speech on the economic outlook, in Birmingham, at 1840GMT.

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