Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


11.06.2014 15:29

Foreign exchange market. American session: the euro traded mixed against the U.S. dollar

The U.S. dollar traded lower against the most major currencies, but the U.S. currency is still supported by higher U.S. Treasury yields. The yield on the U.S. 10-year Treasuries climbed to 2.64% on Tuesday. That was the highest yield since last month.

The euro traded mixed against the U.S. dollar. The euro suffers due to bond yield gap between some euro area government bonds and U.S. Treasuries. While the currency in the Eurozone is to remain permanently cheap, the first interest rate hike by the Fed in the United States and by the Bank of England in the U.K. is more likely.

The European Central Bank cut its interest rate last Thursday. The ECB reduced its deposit rate to -0.10% from 0.0%. The European Central Bank is the world’s first major central bank to use a negative rate. The deposit rate of -0.10% means that commercial bank will be charged for holding their reserves. This measure should spur commercial banks to ramp up lending.

The British pound increased against the U.S. dollar due to the strong labour market data in the U.K. The U.K. unemployment rate fell to 6.6% in the three months to April from 6.8% in the previous three months. That was the lowest level since early 2009. Analysts had expected a decline to 6.7%.

Jobless claims (claimant count) declined by 27,400 in May, compared with a forecast for a decline of 25,000 people. April’s figure was revised to a decrease of 28,400 from 25,100.

Weekly earnings increased by 0.7% in the three months to April, missing expectations for a 1.2% gain, after a 1.7% rise in the previous three months. The growth of wages is slower than inflation in the U.K. The inflation rate in the UK was 1.8% in April.

The Japanese yen rose against the U.S. dollar due to expectations that the Bank of Japan will not expand its stimulus measures at its meeting this week.

The Canadian dollar rose against the U.S. dollar in the absence of any economic data.

In the overnight trading session, the BSI manufacturing index was released in Japan. . Japan's BSI manufacturing index for the second quarter declined to 13.9 points from 12.7 in the first quarter, missing expectations for a rise to 14.1.

The New Zealand dollar rose against the U.S dollar in the absence of any major economic reports. The kiwi was supported by expectations the Reserve Bank of New Zealand (RBNZ) will raise interest rates again later in the day. Investors expect the RBNZ will hike its interest rate by 0.25% to 3.25%.

The Australian dollar climbed to 1-month highs against the U.S. dollar due to the better-than-expected consumer sentiment data from Australia. The Westpac consumer confidence in Australia increased 0.2% in June, after a 6.8% decline in May.

11.06.2014 15:40

Oil rose

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