Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


05.05.2015 12:22

Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar after the weaker-than-expected construction PMI from the U.K.

Economic calendar (GMT0):

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

00:00 Japan Bank holiday

01:30 Australia Trade Balance March -1.61 Revised From -1.26 -1.0 -1.32

04:30 Australia Announcement of the RBA decision on the discount rate 2.25% 2% 2.0%

04:30 Australia RBA Rate Statement

08:30 United Kingdom PMI Construction April 57.8 57.5 54.2

09:00 Eurozone Producer Price Index (YoY) March -2.8% -2.3% -2.3%

09:00 Eurozone Producer Price Index, MoM March 0.6% Revised From 0.5% 0.3% 0.2%

09:00 Eurozone European Commission Economic Growth Forecasts

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The U.S. trade deficit is expected to widen to $40.3 billion in March from $35.44 billion in February.

The ISM non-manufacturing purchasing managers' index is expected to remain unchanged at 56.5 in March.

The euro traded mixed against the U.S. dollar after the European Commission released it economic growth forecast for the Eurozone. Eurozone's economic growth for 2015 was upgraded to 1.5%, up from a previous estimate of 1.3%. Eurozone's economic growth for 2016 remained unchanged at 1.9%.

The European Central Bank's quantitative easing supports the economic growth in the Eurozone, the European Commission noted. It added that lower oil prices, the weak euro and steady global growth also are supporting the European economy.

German economic growth for 2015 was raised to 1.9%, up from a previous estimate of 1.5%. Germany's economic growth for 2016 remained unchanged at 2.0%.

The European Commission downgraded the Greek GDP growth for 2015 to 0.5% from a previous estimate of 2.5% due to the debt crisis. Greece's economic growth for 2016 was lowered at 2.9% from a previous estimate of 3.6%.

French economic growth for 2015 was raised to 1.1%, up from a previous estimate of 1.0%. France's economic growth for 2016 was cut to 1.7% from a previous estimate of 1.8%.

The European Commission upgraded the Italian GDP growth for 2016 to 1.4% from a previous estimate of 1.3% due to the debt crisis. Italy's economic growth for 2015 remained unchanged at 0.6%.

Spanish economic growth for 2015 was raised to 2.8%, up from a previous estimate of 2.3%. Spain's economic growth for 2016 was upgraded to 2.6% from a previous estimate of 2.5%.

Eurozone's producer price index climbed 0.2% in March, missing expectations for a 0.3% increase, after a 0.6% rise in February. February's figure was revised up from 0.5% gain.

The British pound traded mixed against the U.S. dollar after the weaker-than-expected construction PMI from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. fell to 54.2 in April from 57.8 in March, missing expectations for a decline to 57.5. It was second consecutive decline.

The decline was driven by slower rise of output and new orders.

The Canadian dollar traded higher against the U.S. dollar ahead of Canadian trade data. The Canadian trade deficit is expected to narrow to C$0.8 billion in March from C$0.98 billion in February.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair rose to Y120.51

The most important news that are expected (GMT0):

12:30 Canada Trade balance, billions March -0.98 -0.8

12:30 U.S. International Trade, bln March -35.44 -40.3

14:00 U.S. ISM Non-Manufacturing April 56.5 56.5

16:45 Canada Gov Council Member Wilkins Speaks

22:45 New Zealand Employment Change, q/q Quarter I 1.2% 0.8%

22:45 New Zealand Unemployment Rate Quarter I 5.7% 5.5%

05.05.2015 11:50

Orders

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