Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

26.06.2015 18:21

American focus: the dollar rose

The US dollar rose against most major currencies after data on consumer sentiment. The final results of the studies submitted by Thomson-Reuters and the Institute of Michigan, showed in June, American consumers are feeling more optimistic about the economy than last month. According to published data, in June consumer sentiment index rose to 96.1 points compared to the final reading for May at around 90.7 points and a preliminary value of 94.6 points in June. According to experts the average index was up 94.6 points.

The final index of current conditions in the month reached 108.9 against a final figure of 100.8 in May. The expectations index was 87.8 against 84.2. Despite the recovery in prices for gasoline and eggs, consumers still hold relatively moderate inflation. According to University of Michigan final index of inflation expectations for the year ahead in June fell to 2.7% against 2.8% in May. The final index of inflation expectations for the next five years reached 2.6% against 2.8%.

The euro accelerated losses against the dollar on the news on Greece. According to media reports, the Greek Government has rejected a proposal to extend the term of the financial assistance program for 5 months. The proposal included the extension of the program until the end of November, and voiced the amount of 15.5 bn. Euros (8.7 billion. Euros from the European Fund, 3.3 billion. Euros within the SMP and 3.5 billion. Euros from the IMF). However, according to reports, the situation is quite unfortunate. Greek Prime Tsipras previously accused of blackmail creditors Greece. The Greek government wants to conclude a long-term agreement, and not get a reprieve until November. According to sources in Greece, recent proposals have been called inappropriate. The main thing is that the agreement does not allow Greece to escape from the vicious circle of "austerity measures". The next meeting of the Eurogroup is scheduled for Saturday 12:00 GMT.

Little impact on the single currency also had data on the euro zone. A report published by the ECB showed that the growth rate of monetary aggregate M3 slowed to 5.0% in May against 5.3% in April. Experts expect that this figure will increase by 5.4%. In the period from March to May, the average annual growth rate of M3 was 5.0% compared with + 4.7% in the previous three months (February to April). Meanwhile, the ECB reported that the growth rate of credit to the government accelerated to 4.0% from 3.8% in April, while the rate of lending to the private sector increased to 0.2% versus 0.0% in the previous month. Lending to the private sector accelerated to 0.5% in May against 0.0% in the previous month. The annual growth rate of lending to households was 0.9% compared to 0.0% in April. The growth rate of lending for house purchase has accelerated to 1.4% in May from 0.1% in the previous month.

The yen fell against the dollar after rising earlier in the day. Earlier, the yen has supported the positive macroeconomic statistics in Japan. According to the data released today, core consumer price index in Japan rose in May by 0.1% compared with the same period of the previous year after, in April remained unchanged. Economists expected the index to remain unchanged. However, the national consumer price index excluding prices for food and energy prices in annual terms fell from the previous value of 2.2% to 0.4% key indicator of inflation in Japan rose in May for the first time in two months. It is likely to reinforce expectations for what the Bank of Japan will refrain from further action. We also learned that household spending in May rose by 4.8% adjusted for price changes. This is the first increase in the index for 14 months. Previous value of the index was -1.3%, the analysts forecast an increase of 3.4%. The unemployment rate in May remained unchanged at 3.3%, and the ratio of jobs to applicants peaked in March, 1992 - 1.19. This means that for every 100 applicants were free to 119 jobs.

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