Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


16.06.2014 08:45

Foreign exchange market. Asian session: Friday’s weaker-than-expected U.S. economic data and escalating violence in Iraq weighed on markets

Economic calendar (GMT0):

03:20    Australia   RBA Assist Gov Kent Speaks                                                   

05:00    Japan       BoJ monthly economic report  June

The U.S. dollar traded mixed against the most major currencies. Friday’s weaker-than-expected U.S. economic data and escalating violence in Iraq weighed on markets. The U.S. producer price index decreased 0.2% in May, missing expectations for a 0.1% increase, after a 0.6 rise in April.  The U.S. producer price index excluding food and energy declined 0.1% in May, missing expectation for a 0.2% rise, after a 0.5% gain in April.

Reuters/Michigan consumer sentiment index for the U.S. fell to 81.2 in June from 81.9 in May, missing expectations for a rise to 83.2.

The violence in Iraq could lead to disruptions in the oil supplies in OPEC’s second-biggest oil producer. U.S. president Barack Obama warned to use air strikes to help the government in Baghdad.

The New Zealand dollar traded higher against the U.S dollar due to the Friday’s weaker economic data from U.S. The Westpac index of consumer sentiment for Q2 declined to 121.2 from 121.7 the previous quarter.

The Australian dollar traded higher against the U.S. dollar in the absence of any economic reports in Australia.

The Reserve Bank of Australia Assistant Governor Christopher Kent said today that the unemployment rate in Australia will remain elevated for the next two years. He added moderate wage growth and better productivity should help the economy. Mr. Kent also pointed out “a decline in the real exchange rate is one important way in which the economy can adjust to the decline in the terms of trade”.

The Japanese yen increased against the U.S. dollar due to the increasing demand for safe-haven currency. The increasing demand for safe-haven currency was driven by escalating violence in Iraq. No economic reports were released in Japan.

The Bank of Japan (BoJ) released its monthly economic report. The BoJ said Japan's economy has continued to recover moderately as a trend, but there is a decline in demand following caused by the consumption tax hike. 

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair declined to Y101.75

The most important news that are expected (GMT0):

09:00    Eurozone     Harmonized CPI                                              May       +0.2%  -0.1%   

09:00    Eurozone     Harmonized CPI, Y/Y (Finally)                         May       +0.5%  +0.5%  

09:00    Eurozone     Harmonized CPI ex EFAT, Y/Y                        May       +0.7%  +0.7%  

12:30    Canada        Foreign Securities Purchases                       April      -1.23     4.27      

12:30    U.S.             NY Fed Empire State manufacturing index     June      19.0      15.2      

13:00    U.S.             Net Long-term TIC Flows                                April      4.0         41.3      

13:00    U.S.             Total Net TIC Flows                                         April      -126.1                 

13:15    U.S.             Industrial Production (MoM)                            May       -0.6%   +0.6%  

13:15    U.S.             Capacity Utilization                                          May       78.6%   78.9%   

14:00    U.S.             NAHB Housing Market Index                            June      45          47

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