Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

05.03.2014 06:26

Asian session: The yen held its biggest decline in seven weeks

00:30 Australia Gross Domestic Product (QoQ) February +0.6% +0.7% +0.8%

00:30 Australia Gross Domestic Product (YoY) February +2.3% +2.5% +2.8%

01:45 China HSBC Services PMI February 50.7 51.0

The yen held its biggest decline in seven weeks versus the dollar after Russian President Vladimir Putin said he sees no immediate need to invade eastern Ukraine, tempering demand for safer assets. Putin said he’d only send soldiers to Ukraine in “an extreme case.”

The dollar may extend gains versus the yen before reports on U.S. jobs and services industries that will probably signal a continued expansion in the world’s largest economy. In the U.S., a report from ADP Research Institute in Roseland, New Jersey, is forecast to show companies added 155,000 workers to payrolls in February after hiring 175,000 the previous month, according to the median estimate of economists surveyed by Bloomberg News. Labor Department figures on March 7 will show payrolls rose 150,000 last month, economists forecast. The unemployment rate is projected to remain at 6.6 percent, the lowest level since October 2008.

The Institute for Supply Management’s non-manufacturing index probably slipped to 53.5 last month from 54 in January, a separate poll predicted before today’s release. Readings greater than 50 signal expansion.

Australia’s dollar held a two-day advance after data showed economic growth last quarter beat economists’ estimates. Gross domestic product expanded 0.8 percent in the three months ended December from the previous quarter, according to a Bureau of Statistics report released in Sydney today. That exceeded the 0.7 percent growth estimated by economists.

EUR / USD: during the Asian session the pair fell to $1.3725

GBP / USD: during the Asian session, the pair traded in the range of $1.6635-75

USD / JPY: on Asian session the pair traded in the range of Y102.10-30

The European calendar gets underway at 0813GMT, with the release of the Spanish February services PMI data. That will be followed at 0843GMT by the Italian data, at 0848GMT by the French numbers, by the German data at 0853GMT and the consolidated Euro area data at 0858GMT. Overall, services PMI are seen flat on the previous month, with the overall EZ data seen unchanged at 51.7. Composite PMI numbers will also be released and are also seen unchanged at 52.7. Further Euro area data set for release at 1000GMT includes the 2nd estimate of the fourth quarter GDP and the January retail sales data. Retail sales are seen 0.8% higher on month, down 0.2% y/y. GDP is expected to be unrevised at 0.3% q/q. EU Economic and Monetary Affairs Commissioner Olli Rehn presents a report on EU macroeconomic imbalances, in Brussels at 1030GMT. The UK services PMI data will be released at 0928GMT. The US calendar gets underway from 1200GMT, when the February MBA Mortgage Index for the Feb 28 week will be published. At 1315GMT, the February ADP National Employment Report will cross the wires. Economists are looking for a reading of 155,000 - down from the previous month's 175,000 as the weather impacts. There is a string of US data expected at 1500GMT, with The February final Markit Services PMI, February ISM Non-manufacturing index and the February Help-wanted online data. The ISM non-manufacturing index is expected to decline in February to 53.5 after rising to 54.0 in January. The Markit Services Index already released posted a decline in the flash estimate for the month. Also due at 1500GMT is the Bank of Canada's latest policy announcement. Analysts are near unanimous the BOC will leave rates unchanged at 1%. At 1530GMT, the EIA Crude Oil Stocks data for the Feb 28 week will cross the wires. At the same time, Treasury Secretary Jack Lew testifies before the Senate Finance Committee on the FY2015 budget.

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
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