Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

17.06.2015 17:40

American focus: the pound was up against the US dollar

The euro rose slightly against the dollar, returning the previously lost positions due to expectations of the Fed meeting, as well as news on Greece. As it became known, the ECB raised the limit on the program to provide liquidity (ELA) for Greek banks to € 1.1 billion. To € 84.1 billion. Also, stress, and tomorrow will be a meeting of the Eurogroup, with Greece obviously does not intend to make concessions on the issue of further reduction of pensions. Today, the coordinator of the team of negotiators Euclid Tsakalotos confirmed that, without reaching agreement, unlock the access to finance of Greece, in Athens no cash to pay the IMF on June 30 debt of € 1.6 billion. He also added that despite the willingness of Greece to make concessions , the issue of cutting back pensions is not discussed.

As for the Fed meeting, according to the consensus forecast of the Central Bank will refrain from raising interest rates in June, but it may toughen the wording of the statement in preparation for the normalization of monetary policy. Against the backdrop of weak data on the state of industrial production and the US housing market, economists began to reduce rates on the transition to a tightening of monetary policy in September, although it is the first month of autumn is their main goal. The market participants assess the situation differently: traders see only a 28% chance of a September rate hike, but the likelihood that this will happen in December 2015, or earlier, it is equal to 67% of them. "The most important thing for investors - comments of Fed Yellen after the meeting - said Wedbush Securities analyst Michael James. - Until her speech to investors is by and large do not care what happens in the market."

The pound rose against the dollar, updating the month high, supported by data on the labor market. The Office for National Statistics said the unemployment rate by ILO for the period from February to April was 5.5 percent, compared with 5.7 per cent recorded in the three months to January. It was also lower than the figure recorded in the same period last year at 6.6 percent. The unemployment rate was in line with economists' expectations and was the lowest since April to June 2008, when the figure was 5.4 percent. The number of unemployed fell by 43 thousand. From the previous three months to 1.81 million., The lowest level since June to August 2008. Average earnings, including bonuses, in the three months to April rose 2.7 percent year on year. Economists had forecast a 2.1 percent rise. The latest increase was the highest from June to August 2011, when the payment is increased by 2.7 per cent. Excluding bonuses, pay grew by 2.7 percent in the three months to April, the highest level since December to February 2009. The number of Britons claiming unemployment benefits in May fell by 6.5 thousand. People from the previous month to 791.8 thousand. People. Reducing the number of applications for unemployment benefits was much less than the drop of 12.3 thousand. That economists expected, and it was the smallest monthly decline since February 2013.

The yen fell against the US currency, updating weekly lows, which was due to a surge in demand for the dollar from investors on the eve of the meeting FOMC. Traders await the outcome of the two-day meeting of the Federal Reserve System, which can appear signals about future actions of the American regulator. If the mixed statistics do not confuse Yellen and command and rates will be increased this year, we should expect natural growth of the dollar, in this case the raw material assets temporarily come under pressure, but the effect will not be long, because in many respects the situation has calculated market.

17.06.2015 17:43

WSE: Session Results

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


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