Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities

02.04.2014 18:21

American focus : the euro fell

The euro fell against the U.S. dollar amid confident data on the employment market USA. As shown by recent data that were presented Automatic Data Processing (ADP), in March, private sector employment increased markedly , and came close to the predictive values. According to a report last month, the number of employees increased by 191 thousand people, compared with a revised upward figure for the previous month at 178 million ( initially reported growth of 139 thousand ) . Add that, according to the average forecast of this indicator would grow by 192 thousand

Strengthening of the dollar also contributed data on the growth of industrial orders in the United States. Factor in the growth in orders was supposed to economic recovery after the winter with bad weather conditions , because of which there is a delay before. Increase in orders was the highest in seven months.

Commerce Department said Wednesday that new orders for producers rose in February by 1.6% , which was the highest growth since September. Economists had expected orders by 1.3%. Data on changes in the volume of orders in January were revised with the reduction - reduction of 1.0% compared to the previously reported decrease of 0.7%. The volume of orders except the volatile transportation category rose in February by 0.7 % , the biggest increase since July. In January, the volume of orders for this category decreased by 0.1 %.

Euro also declined on weak data for the euro area and the approaching meeting of the ECB . Recently, increased expectations that the ECB will leave monetary policy unchanged and Draghi will optimistic. However, the media have been rumors that on Thursday members of the Governing Council will be conducted " vigorous debate " since the March Inflation Report has been very disappointing. This means that members of the ECB is still deep in thought as to what steps to take and launch new stimulus is not excluded.

Eurozone producer prices fell by 0.2 per cent ( on a monthly basis ) , after easing to 0.3 percent in January . Experts predicted that this figure will remain unchanged in February. Excluding energy , producer prices remained unchanged , after rising 0.1 percent in January . Prices for capital goods and consumer non-durables also remained unchanged in February. The cost of intermediate goods decreased by 0.1 percent , offsetting an increase of 0.1 percent in January . Meanwhile, lower energy prices slowed to 0.5 percent from 1.2 percent. On an annualized basis , producer prices fell by 1.7 per cent compared with a fall of 1.4 percent in the previous month . Fall also exceeded economists' consensus forecasts at -1.6 percent.

Meanwhile, another report from Eurostat showed : in the fourth quarter, the eurozone economy grew by 0.5% after falling 0.3 % in the previous quarter . Rate in quarterly terms rose by 0.2 % vs. 0.1% . Add that these data will be final. Experts predicted that GDP will rise by 0.3 % qoq and 0.5% per annum.

Pound showed a steady increase against the dollar in anticipation of UK PMI data , but weak report forced the couple to change the direction of his dvizheniya.Indeks business in the construction sector from Markit / CIPS fell in March to a level of 62.5 points from 62.6 in February , but remained near the maximum for the last 6.5 years , which was recorded in January (64.6 points). We add that the index remains above the neutral mark for 11 consecutive months. Many experts , however, expect that figure will rise to the level of 63.1 points. Also, the report showed that the builders were elated last month ( optimism rose to its highest level since January 2007) and hired staff at the fastest pace in four months.

Put pressure on the pound and a report from the Nationwide Building Society, which showed that house prices rose in March by 9.5 percent ( yoy ) , after rising 9.4 percent in February. The latest increase was slightly less than the experts' forecasts at 9.7 percent, but was the highest since May 2010 , when prices rose by 9.8 percent . Given these changes , the average cost of housing in March totaled 180,264 pounds - the highest level since January 2008 . On a monthly basis , prices rose only 0.4 percent in March , which was slower than the 0.7 percent growth recorded in February and economists' forecasts at 0.8 percent. Nevertheless , it was the fifteenth consecutive monthly gain .

02.04.2014 17:21

European stocks close

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