Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

08.05.2015 18:20

American focus: the pound rose against the dollar

The dollar stabilized against the euro after the sharp fluctuations in the background data on the US labor market. Analysts point out that the results of the employment report did not affect the position of the Federal Reserve, which expects the pressures on the US economy will weaken, and the economy will get stronger. Experts also said that employment rates were good, but not good enough to raise short-term expectations for Fed rate, which limited the potential for growth of the dollar and reduce the EUR / USD. Recall, the Ministry of Labor said the number of people employed in non-agricultural sectors of the economy increased from a seasonally adjusted 223,000 in April, rebounding from a weak March value. The report stated that the US added just 85,000 jobs in March, compared with the previously reported 126 000. In addition, the economy added 266,000 in February, slightly above the previously reported 264 000. The unemployment rate is calculated from a separate survey of households , down to 5.4% in April to 5.5% in March. The decrease reflects the positive changes: the labor force has increased, as more Americans were involved in the search for work and the number of Americans who found a job increased. The unemployment rate is close to the expected level of the Fed's "full" employment, which it is determined between 5% and 5.2%. Economists had expected growth of employment by 224 000 or 5.4% unemployment rate. Initial assessment of the April report is likely to be revised after the government gather fresh data.

The pound retreated from a session high against the dollar, but still continues to show an increase on the background of the results of parliamentary elections in the UK. Contrary to the predictions and opinion polls, an overwhelming victory in the general election in Britain, won the Conservative Party. The Tories won a majority in the new parliament - 327 seats. Conservative leader David Cameron has announced its intention to form a government without creating a coalition with other parties. The Labour Party received almost 100 mandates less than the Tories, and were worse than in the last election in 2010. Labour leader Ed Miliband announced his resignation. Even more crushing defeat suffered Liberal Democratic Party lost 47 seats. In the new parliament, the Liberal Democrats will have a total of eight seats. After winning his polling station Tory leader David Cameron promised to "unite the country." Cameron also reiterated his campaign promise to spend the next few years a referendum on Britain's membership of the European Union. However, the business is not very happily accepts the promise: experts estimate the Bertelsmann Foundation, the loss of the British economy will reach 224 billion dollars.

The Canadian dollar strengthened against the US dollar, entrenched below $ 1.21, which is associated with the publication of data on employment United States and Canada. Recall, the Canadian economy has reduced jobs in April, while the unemployment rate remained unchanged, as fewer people were looking for work and were marked by heavy losses in retail trade and construction. Canada recorded a decline of 19,700 jobs in April, said Friday Statistics Canada, noting the biggest decline in eight months. Market expectations were at a decline of 5,000 jobs. The unemployment rate in Canada remained unchanged in April and remained at 6.8%. Economists had expected the unemployment rate to rise to 6.9% .Otchet employment pointed out that 18,900 people left the labor force this month.

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


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
Request a callback
Top Page