Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


04.12.2014 16:42

Foreign exchange market. American session: the euro rose against the U.S. dollar after the European Central Bank's press conference

The U.S. dollar traded lower against the most major currencies after the number of initial jobless claims from the U.S. The number of initial jobless claims in the week ending November 29 in the U.S. fell by 17,000 to 297,000 from 314,000 in the previous week, in line with expectations. The previous week's figure was revised to 314,000 from 313.000.

The euro rose against the U.S. dollar after the European Central Bank's (ECB) press conference. The ECB President Mario Draghi said at a press conference on Thursday that the central bank will decide early next year whether to add further stimulus measures to boost inflation in the Eurozone.

Draghi pointed out that the central bank had discussed various options of quantitative easing (QE).

The central bank kept its interest rate unchanged at 0.05%.

The ECB cut its inflation and growth forecasts. Inflation forecast for the Eurozone was lowered to 0.5% in 2014 from the previous estimate of 0.6%, to 0.7% in 2015 from the previous estimate 1.1% and to 1.3% in 2016 from the previous estimate 1.4%.

The ECB also cut its economic growth forecast for the Eurozone. The growth was lowered to 0.8% 2014 the previous estimate of 0.9%, to 1.0% in 2015 from the previous estimate of 1.6% and to 1.5% in 2016 from the previous estimate of 1.9%.

The British pound traded higher against the U.S. dollar. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

The Halifax house price index for the U.K. rose 0.4% in November, after a 0.4% decline in October.

On a yearly basis, the Halifax house price index for the U.K. climbed 8.2% in November, after a 8.8% rise in October.

The Canadian dollar traded lower against the U.S. dollar despite the better-than-expected Canadian Ivey purchasing managers' index. Canada's seasonally adjusted Ivey purchasing managers' index rose 56.9 in November from 51.2 in October. Analysts had expected the index to increase to 53.2.

The New Zealand dollar increased against the U.S. dollar in the absence of any major economic reports from New Zealand. In the overnight trading session, the kiwi traded lower against the greenback due to stronger U.S. currency.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie fell to 4-year lows against the greenback despite the better-than-expected economic data from Australia. Retail sales in Australia rose 0.4% in October, exceeding expectations for a 0.1% increase, after a 1.3% gain in September. September's figure was revised up from a 1.2% rise.

Australia's trade deficit narrowed to A$1.32 billion in October from A$2.24 billion in September. September's figure was revised up from a deficit of A$2.26 billion. Analysts had expected the trade deficit to decline to A$1.81 billion.

The Japanese yen traded higher against the U.S. dollar in the absence of any major economic reports from Japan.

Market Focus

  • US nonfarm payrolls rise more than expected in July
  • Canada’s merchandise trade deficit widens in June
  • Canada unemployment rate falls to lowest level since October 2008
  • Canada Ivey PMI falls less than expected in July
August 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
21
22
23
24
25
26
27
28
29
30
31

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