Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

16.07.2015 18:01

American focus: the dollar continued to appreciate against most major currencies

The euro fell against the dollar, approaching to a minimum on May 27 against Draghi's speech at the press conference that followed the decision to leave policy unchanged. Recall, the lending rate was left at 0.05%, deposit rate - at 0.2%. During the press conference after the announcement of the rate decision Draghi said that the ECB is expected to strengthen the euro-zone economic recovery, despite the uncertainty in the financial markets. "GDP growth in the eurozone in the first quarter of 2015 was confirmed at 0.4%, it was supported by private consumption and investment. We expect further expansion of economic recovery of the eurozone in the future" - said Draghi. The head of the ECB noted that the situation in the financial markets, including the factor of uncertainty assessment has not changed the economic recovery in the eurozone. He noted that evidence obtained since the previous meeting in June, largely in line with forecasts. Downside risks to the economic outlook for the euro area as a whole are constrained due to the monetary policy of the ECB, oil prices and the dynamics of the currency market, Draghi said. He added that the full implementation of all the measures of monetary policy will provide the necessary support for economic recovery and sustainable return will cause inflation to the target level of 2% in the medium term.

The Swiss franc depreciated significantly against the dollar, reaching the lowest level since April 28 against the backdrop of a weak report on retail sales in Switzerland and the positive statistics on the US labor market. Recall, the preliminary results from the Federal Statistical Office showed that retail sales in Switzerland declined in May. In real terms, retail sales decreased by 1.8 percent in May compared to the previous year, after falling 0.1 percent in April. It was the fifth consecutive month of decline. Excluding fuel, retail sales fell by 1.6 per cent per annum, as opposed to the 0.4 percent increase in April. On a monthly basis, retail sales were down 1.4 percent in May, reversing an increase of 0.9 percent in April. Sales excluding fuel fell 1.5 percent after increasing 0.7 percent a month ago. In nominal terms, total retail trade turnover decreased by 3.9 percent per annum and by 1.6 percent on a monthly basis.

The yen fell against the US currency, reaching the lowest level since June 24, which was associated with the publication of data on the US labor market, and expectations of Fed Yellen speech. The Labor Department said initial applications for unemployment benefits fell by 15,000 and reached a seasonally adjusted 281,000 in the week ended July 11th. Economists expected 285,000 initial claims. The moving average of four weeks, designed to smooth out weekly changes, rose by 3250 to 282 500. The report on Thursday showed that the 296,000 initial claims were filed in the week ended July 4th, which was revised down from the earlier estimate of 297000. In addition The number of people continuing to receive unemployment benefits fell by 112,000 to 2.215 million in the week ended July 4th. Repeated applications communicate with one week delay.

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