Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



19.03.2015 16:31

Foreign exchange market. American session: the U.S. dollar traded mixed to higher against the most major currencies, recovering its losses after the Fed's monetary policy decision on Wednesday

The U.S. dollar traded mixed to higher against the most major currencies, recovering its losses after the Fed's monetary policy decision on Wednesday. The Fed kept its monetary policy unchanged but dropped the word "patient" from its outlook for monetary policy. The central bank lowered its forecasts for growth and inflation.

The Philadelphia Federal Reserve Bank's manufacturing index declined to 5.0 in March from 5. 2 in February, missing expectations for a rise to 7.3. That was the lowest reading since February 2014. The index fell the fourth consecutive month.

A reading above zero indicates expansion.

The decline was driven by a slowdown in new order growth, decrease in unfilled orders and the average workweek for employees, and lower inventories and shipments.

The Conference Board's leading economic index climbed by 0.2% in February, missing expectations a 0.3% gain, after a 0.2% increase in January.

The number of initial jobless claims in the week ending March 14 in the U.S. rose by 1,000 to 291,000 from 290,000 in the previous week. The previous week's figure was revised down from 289,000. Analysts had expected the number of initial jobless claims to decrease to 297,000.

The U.S. current account deficit widened to $113.5 billion in the fourth quarter from $98.9 billion in the third quarter, missing expectations for a deficit of $103.0 billion. The third's quarter figure was revised up from a deficit of $100.3 billion.

The euro traded lower against the U.S. dollar on concerns over Greek's bailout talks. The European Central Bank (ECB) said on Thursday that banks borrowed €97.8 billion in loans, the so-called TLTROs. This figure indicates that the recovery in the Eurozone is spurring lending.

The ECB said in its economic bulletin that the economic activity is expected to rise due to the recent improvements in business and consumer confidence, falling oil prices and a weaker euro.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Swiss franc traded mixed against the U.S. dollar. The Swiss National Bank's (SNB) kept its interest rate unchanged at -0.75%. Analysts had expected this decision.

The SNB President Thomas Jordan said that the Swiss franc is overvalued and the central bank will intervene in the foreign exchange market if needed.

Switzerland's central bank lowered its growth and inflation forecasts. The SNB expects GDP to grow 0.9% in 2015, down from a December estimate of +2.1%. GDP for 2016 was cut to 1.8% from 2.4%.

The inflation forecast for 2015 was lowered to -1.1% from -0.1%. The SNB expect that inflation will be at -0.5%. Inflation is expected to be 0.4% in 2017.

The New Zealand dollar traded lower against the U.S. dollar. In the overnight trading session, the kiwi traded lower against the greenback after New Zealand's GDP. New Zealand's GDP rose 0.8% in the fourth quarter, in line with expectations, after a 0.9% gain in the third quarter. The third's quarter figure was revised down from a 1.0% rise.

On a yearly basis, New Zealand's GDP climbed by 3.5% in the fourth quarter, after a 3.2% rise in the third quarter.

In 2014 as a whole, New Zealand's economy climbed by 3.3%, the fastest pace since 2007.

The Australian dollar fell against the U.S. dollar. In the overnight trading session, the Aussie traded lower against the greenback in the absence of any major economic reports from Australia.

The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen declined against the greenback in the absence of any major economic reports from Japan.

Market Focus

  • Euro Area trade balance surplus declined significantly in August
  • Consumer prices in China were up 1.6 percent on year in September,
  • US consumer sentiment surged in early October, reaching its highest level since the start of 2004 says UoM
  • Earnings Season in U.S.: Major Reports of the Week
November 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
20
21
22
23
24
25
26
27
28
29
30

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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 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