Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

24.07.2015 12:20

European session review: the US dollar rose significantly against the euro


01:35 Japan Manufacturing PMI (Preliminary) July 50.1 51.4

01:45 China Markit/Caixin Manufacturing PMI (Preliminary) July 49.4 49.7 48.2

07:00 France Services PMI (Preliminary) July 54.1 53.8 52

07:00 France Manufacturing PMI (Preliminary) July 50.7 50.7 49.6

07:30 Germany Services PMI (Preliminary) July 53.8 53.9 53.7

07:30 Germany Manufacturing PMI (Preliminary) July 51.9 51.9 51.5

08:00 Eurozone Manufacturing PMI (Preliminary) July 52.5 52.5 52.2

08:00 Eurozone Services PMI (Preliminary) July 54.4 54.2 53.8

08:30 United Kingdom BBA Mortgage Approvals June 42.9 Revised From 42.5 44.5

The euro fell sharply against the dollar, approaching to yesterday's low. The EUR / USD has come under selling pressure after German PMI figures reflected the weakness of the euro zone and the region's economy. Preliminary results of the research, published by Markit Economics, showed: the private sector in Germany continued to expand in July, but at a slower pace than last month. Preliminary composite index of business activity, which covers the manufacturing sector and services sector fell in July to 53.4 points against 53.7 in June. Recall index value above 50 indicates expansion in the sector. PMI index for the services sector was 53.7 in July, compared to 53.8 points in June. It was expected that the figure will reach 53.9 points. Meanwhile, the manufacturing PMI fell to 51.5 in July from 51.9 in June. Experts predicted that the index would remain unchanged.

Meanwhile, another report showed that economic growth in the euro area slowed down in July, but the pace of expansion remained one of the largest in the last four years. According to the data, the composite Purchasing Managers' Index, which assesses changes in the manufacturing sector and the service sector, fell in July to 53,7punkta compared to 54.2 points in June (maximum four years). Despite the decline, the index remains slightly above its average over the first half of the year. It was expected that the index will be 54. The last reading was the sixth largest since mid-2011. The report also stated that the PMI index in the services sector declined in July, more than expected - to 53.8 points against 54.4 in June, and forecasts at the level of 54.2 points. At the same time, the manufacturing PMI index fell to 52.2 from 52.5 in June. Economists had forecast that the index would remain unchanged.

The pound fell against the dollar moderately updating yesterday's low and fixed below the level of $ 1.5500. The market continues to analyze the weak data on UK retail sales. Recall, retail sales (including motor fuel) decreased by 0.2 percent compared to the previous month. Recall the end of May sales rose by 0.3 percent (revised from 0.2 percent). It was the first drop in sales for the three months. Economists had expected an increase of 0.3 percent. Also, the data showed that, except for the sale of motor fuel sales declined by 0.2 percent, while economists had forecast an increase of 0.4 percent, which would correspond to a change in May. On an annual basis, retail sales growth (including motor fuel) slowed to 4 percent from 4.7 percent in May. Economists had expected sales to rise 4.9 percent.

In addition, investors expect the data on new home sales in the US in June. Analysts predict that the index remained unchanged compared with the May level of 546 thousand., Became the highest since 2008, to 548 thousand. Homes based on annual rates.

EUR / USD: during the European session the pair fell to $ 1.0922

GBP / USD: during the European session the pair fell to $ 1.5465

USD / JPY: during the European session, the pair was trading in the range of Y123.82-Y124.04

At 13:00 GMT Belgium will present the index business sentiment in June. At 13:45 GMT the United States will release the index of business activity in the manufacturing sector in July, and at 14:00 GMT will declare the amount of new home sales for June.

24.07.2015 12:00


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