Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


25.11.2014 16:41

Foreign exchange market. American session: the U.S. dollar mixed to lower against the most major currencies after the weaker-than-expected U.S. consumer confidence

The U.S. dollar mixed to lower against the most major currencies after the weaker-than-expected U.S. consumer confidence. The U.S. revised GDP grew 3.9% in the third quarter, higher than the previous estimated growth of 3.5%.

The U.S. consumer confidence index unexpectedly declined to 88.7 in November from 94.1 in October, missing expectations for a rise to 95.9. October's figure was revised down from 94.5.

The S&P/Case-Shiller home price index increased by 4.9% in September, beating expectations for a 4.7% rise, after a 5.6% gain in August.

The euro rose against the U.S. dollar after the German GDP. Germany's final GDP grew 0.1% in third quarter, in line with expectations.

The Organization for Economic Cooperation and Development (OECD) released its economic outlook report on Tuesday. OECD said that the slowdown in Europe is dragging down the global economy. OECD also said that the European Central Bank should implement quantitative easing measures.

The British pound increased against the U.S. dollar. The Bank of England (BoE) Governor Mark Carney testified in front of the Treasury Select Committee. He said that the economy in the U.K. faces risks from geopolitical tensions and a slowdown of global growth. Carney reiterated that inflation in the U.K. could fall below 1% in the next few months.

The number of mortgage approvals decreased to 37,076 in October from 39,127 in September, missing expectations for a decline to 38,500. That was the lowest level since May 2013. September's figure was revised down from 39,300.

The Canadian dollar traded higher against the U.S. dollar after the Canadian retail sales. Canadian retail sales increased by 0.8% in September, exceeding expectations for a 0.6% rise, after a 0.2% decline in August. August's figure was revised up from a 0.3% drop.

The increase was driven by cars, furniture and appliances.

Canadian retail sales excluding automobiles were flat in September, missing forecasts of a 0.4% gain, after 0.2% drop in August. August's figure was revised up from a 0.3% decrease.

The New Zealand dollar traded higher against the U.S. dollar. In the overnight and morning trading session, the kiwi fell against the greenback after the weak Reserve Bank of New Zealand' inflation expectations. Inflation expectations declined to 2.1% in the third quarter from 2.2% in the second quarter.

The Australian dollar traded mixed against the U.S. dollar. In the overnight and morning trading session, the Aussie fell against the greenback. The Reserve Bank of Australia Deputy Governor Philip Lowe said in his speech to economists in Sydney today that the Australian dollar should decline with lower commodity prices and investment.

The Japanese yen traded higher against the U.S. dollar. In the overnight trading session, the yen rose against the greenback after comments by the Bank of Japan (BoJ) Governor Haruhiko Kuroda. He said in a speech to business leaders in Nagoya on Tuesday that 2% inflation target will be achieved in or around the fiscal year starting April 2015.

Kuroda defends that the boost of stimulus measures in October was necessary to beat deflation.

The BoJ governor declined to comment on the yen's recent rapid fall.

The minutes of the BoJ's October meeting showed that some officials were against plans to expand its stimulus measures.

25.11.2014 16:40

Oil fell

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

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