Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


18.06.2014 15:42

Foreign exchange market. American session: the U.S. dollar traded slightly lower against the most major currencies ahead of the Fed’s interest decision

The U.S. dollar traded slightly lower against the most major currencies ahead of the Fed’s interest decision today. Market participants expect the Fed will cut its monthly asset purchases by another $10 billion to $35 billion, but the Fed will keep its interest rate unchanged until 2015.

The U.S. current account deficit increased to $111.2 billion in the first quarter from -$87.3 billion in the fourth quarter of 2013. That was the largest level in 18 months. The fourth quarter of 2013 figure was revised down from a deficit of $81.1 billion. Analysts had expected the trade deficit to widen to $96.9 billion.

Exports declined by 1.3% during the first quarter, while imports climbed by 1.5%.

The euro increased against the U.S. dollar in the absence of any major economic reports in the Eurozone.

The British pound traded lower against the U.S. dollar after the Bank of England’s June meeting minutes. The BoE’s monetary policy committee voted unanimously to leave interest rates unchanged at their record low of 0.5% and quantitative easing at £375bn.

The Bank of England policymakers were surprised that markets had not saw a higher chance of an interest rate hike in 2014. But there are still concerns over interest hike this year. The BoE said interest rise could reduce production capacity and it is difficult to revoke the decision.

The Swiss franc traded higher against the U.S. dollar. Credit Suisse ZEW indicator declined to 4.8 points in June from 7.4 in May, missing expectations for an increase to 10.0 points.

The Canadian dollar traded mixed against the U.S. dollar after the wholesale sales in Canada. The wholesale sales in Canada climbed 1.2% in April, exceeding expectations for a 0.3% gain, after a 0.4% decline in March.

The New Zealand dollar increased against the U.S dollar ahead of the Fed’s interest decision. New Zealand’s current account rose to a surplus of NZ$1.41 billion in the first quarter, from a deficit of NZ$1.51 billion in the fourth quarter of 2013. The fourth quarter of 2013 figure was revised down from a deficit of NZ$1.43 billion. Analysts had expected an increase to a surplus of NZ$1.30 billion.

The Australian dollar traded little changed against the U.S. dollar ahead of the Fed’s interest decision. The Conference Board released its leading index for Australia. The index declined 0.1% in April, after a flat reading in March.

The Japanese yen traded higher against the U.S. dollar. The Bank of Japan released its monetary policy meeting minutes. The BoJ said the country's economy is expected to continue its moderate recovery and the current monetary easing appears to be having the intended results.

The BoJ reported that the political unrest in Thailand could impact Japan's exports.

Japan's merchandise trade deficit reached Y909 billion in May, after a deficit of Y811.7 billion in April. Analysts had expected the trade deficit to widen to Y1,189.3 billion.

Japan’s exports declined 2.7% year-on-year in May. That was the first decline in 15 months. Imports dropped at annual rate by 3.6%.

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