Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


13.03.2015 13:10

Foreign exchange market. European session: the U.S. dollar traded mixed to higher against the most major currencies despite the weaker-than-expected U.S. producer price index

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

04:30 Japan Industrial Production (MoM) (Finally) January +4.0% +4.0% +3.7%

04:30 Japan Industrial Production (YoY) (Finally) January -2.6% -2.6% -2.8%

12:30 Canada Employment February 35.4 21.3 -1

12:30 Canada Unemployment rate February 6.6% 6.5% 6.8%

12:30 U.S. PPI, m/m February -0.8% +0.2% -0.5%

12:30 U.S. PPI, y/y February 0.0% -0.6%

12:30 U.S. PPI excluding food and energy, m/m February -0.1% -0.1% -0.5%

12:30 U.S. PPI excluding food and energy, Y/Y February +1.6% +1.0%

The U.S. dollar traded mixed to higher against the most major currencies despite the weaker-than-expected U.S. producer price index (PPI). The U.S. producer price index fell 0.5% in February, missing forecasts of a 0.2% increase, after a 0.8% drop in January.

The decline was driven by a drop in trade services.

The producer price index excluding food and energy declined 0.5% in February, missing forecasts of a 0.1% decrease, after a 0.1% fall in January.

The preliminary Thomson Reuters/University of Michigan preliminary consumer sentiment index will be released at 14:00 GMT0, and is expected to rise to 95.6 in March from a final reading of 95.4 in February.

The euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone. Concerns over Greece's further bailout policy and quantitative easing by the European Central Bank (ECB) still weighed on the euro.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K. Comments by the Bank of England (BoE) Governor Mark Carney still weighed on the pound. He said in a speech in Sheffield on Thursday that a stronger pound and low global inflation could weigh on inflation in the U.K. for some time. Carney added that a persistent period of low global inflation is possible, driven by lower oil prices and a slowdown in global demand.

The Canadian dollar traded lower against the U.S. dollar after the weaker-than-expected Canadian labour market data. Canada's unemployment rate climbed to 6.8% in February from 6.6% in January. That was the highest level since September 2014.

Analysts had expected the unemployment rate to decline to 6.5%.

The number of employed people decreased by 1,000 in February, missing expectations for a gain of 21,300, after a 35,400 rise in January.

The decline was driven by job losses in the manufacturing and natural resources sector.

EUR/USD: the currency pair fell to $1.0561

GBP/USD: the currency pair decreased to $1.4778

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) March 95.4 95.6

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