(+357) 22314160


Show news:

07.02.2014 19:20

American focus: the euro rose on employment data

The euro has risen sharply against the U.S. dollar after a report by the Ministry of Labour employment was weaker than economists' expectations . The labor market showed a slight increase again in January , though a bit more than in December , increasing concerns about the economic recovery and may lead to the fact that the Federal Reserve will need to rethink its strategy .

Data from the Department of Labor showed that the seasonally adjusted number of people employed in non-agricultural sector grew in January at 113 thousand , compared with an increase of 75 thousand in December ( revised from 74 thousand). The January increase was significantly lower than the average increase in the period from August to November - at the level of 200 thousand jobs.

In addition, it was reported that the unemployment rate fell to 6.6 % last month from 6.7 % in December , as the number of Americans who worked and those that are part of the workforce , increased slightly . Economists had expected an increase of 185,000 jobs and 6.7 % unemployment .

Weak data on the growth of the number of employees in December , and signs of weakness in the housing sector and emerging markets have raised concerns that the beginning of 2014 may be disappointing , and the report for January even more intensified these concerns . Add that weak employment report could force the Fed to reconsider their plans for reducing the amount of bond-buying program . In the past month the Fed voted to reduce the rate of its monthly bond purchases by $ 10 billion , despite a disappointing report on the number of employees in December. Continue to reduce incentives may be challenged , given the other signs of slowing growth and continued low inflation .

Euro rate previously dropped against the U.S. dollar after the German Constitutional Court declared that transmits its decision to the ECB's operations in the open market of the EU Court of Justice . In the accompanying statement, the court said that the plan of the Central Bank for the purchase of bonds , " beyond the mandate of the ECB monetary policy and violates the powers of the participating countries , and violates the prohibition of monetary financing of the budget ." However , the court said that if the decision on the OMT program is adopted restrictive , it will match the German constitution . According to the court , the program OMT can obtain the status of a legitimate , if not undermine the principles of rescue programs EFSF and ESM. Thus, intended to exclude the possibility of reducing the Agreement on the European Stability Mechanism , as well as any unlimited Bank program.

The pound fell against the dollar earlier on the background report , which showed that the volume of production in the manufacturing sector rose in December by 0.3 percent , which was significantly less than forecasts at 0.6 percent. Meanwhile, the total volume of industrial production, which accounts for about 15 percent of the British economy grew by 0.4 percent in December from November . It is estimated that production would grow by 0.7 percent. We also add that in the fourth quarter , industrial output grew by 0.5 %, which was slightly below the initial assessment at the level of 0.7 % , which was published last month. However, lower growth in itself is not sufficient to cause a downward revision to the pace of economic growth in the 4th quarter , reported in the statistical agency .

07.02.2014 18:20

European stocks close

Market Focus

January 2018
  • 2018
  • 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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 2011-2018 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