Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


30.07.2015 18:20

American focus: the dollar strengthened against most major currencies

Dollar rose significantly against the euro, reaching thus the level of $ 1.0900, helped by US data on GDP. The Commerce Department said that US economic growth accelerated in the second quarter, as the rise in consumer spending offset the decline due to weak business spending on equipment, assuming a steady pulse that can bring the Federal Reserve to raise interest rates this year. Gross domestic product expanded at an annual rate of 2.3 percent, said Thursday. In the first quarter GDP, as previously reported, it was reduced to 0.2 percent. However, this figure was revised to a rise of 0.6 percent. The revision of growth in the first quarter reflected the steps taken by the Government to clarify the seasonal adjustment for some components of GDP, which economists say they have residual seasonality in the data, as well as the new source data. A measure of private domestic demand, which excludes trading stocks and government spending increased 2.5 percent after rising 2.0 percent earlier in the year. Business spending fell by 1.6 percent after falling 7.4 percent earlier in the year. Equipment costs fell by 4.1 per cent. Expenditure on exploration and production decreased by 68.2 percent, showing the largest decline since the second quarter of 1986. This category decreased by 44.5 percent in the first quarter. But there are signs that the decline in energy prices possibly coming to an end. Data on Friday showed that the energy company said 21 oil rigs last week, noting the third increase in the last 33 weeks. Exports grew in the second quarter, despite the strong dollar, while imports grew moderately. It has defined a smaller trade deficit, which added 0.13 percentage points to GDP growth. The price index for personal consumption expenditures rose 2.2 percent, the fastest growth since the first quarter of 2012, after falling 1.9 percent earlier in the year. Excluding food and energy, prices rose 1.8 percent.


The yen continued to fall against the US dollar, approaching to the lowest since June 10 after the last Federal Reserve indicated that interest rates may be increased in the coming months, with a certain probability in September. In his statement at the rate the Fed noted that the economy and the labor market continue to be strengthened, reinforcing hopes for an initial rise in rates at the meeting in September. The Fed reported that it is watching the economic recovery after the recession in the first quarter and its "moderate growth" in the moment. The Fed chief Janet Yellen said that the Central Bank may raise rates in September if the economy continues to improve the alleged rate.

Meanwhile, support for the dollar have data on GDP and the US labor market. As it became known, the number of Americans who first applied for unemployment benefits last week rose to forty minimum, but the general trend shows that the labor market is strengthening. Primary applications for unemployment benefits, an indicator of layoffs, increased by 12,000 to 267,000 seasonally adjusted in the week ended July 25th. Economists expected 270,000 initial claims for unemployment benefits last week. Previous week remained at 255000. The level of initial claims for the week ended July 18 was the lowest since November 1973.


The pound fell sharply against the dollar, at least updating session. The pressure on the currency has stats on the US, which has strengthened expectations of a rate hike this year. The US Commerce Department reported that gross domestic product grew 2.3% in the three months ended June 30. The US economy in the first quarter showed an increase of 0.6%, confounding forecasts for a 0.2% reduction. While economists had forecast GDP growth of 2.6%, the report indicates that the economy is showing strong recovery. The data came after the Federal Reserve said yesterday that the economy and the labor market continue to be strengthened, reinforcing hopes for an initial rise in rates at the meeting in September. The Fed reported that it is watching the economic recovery after the recession in the first quarter and its "moderate growth" in the moment.

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
February 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

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.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page