Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


09.03.2016 13:30

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the release of the better-than-expected industrial production data from the U.K.

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:30 Australia Home Loans January 2.7% Revised From 2.6% -2.3% -3.9%

06:00 Japan Prelim Machine Tool Orders, y/y February -17.2% -22.6%

09:30 United Kingdom Industrial Production (MoM) January -1.1% 0.5% 0.3%

09:30 United Kingdom Industrial Production (YoY) January -0.2% Revised From -0.4% 0.2% 0.2%

09:30 United Kingdom Manufacturing Production (MoM) January -0.3% Revised From -0.2% 0.2% 0.7%

09:30 United Kingdom Manufacturing Production (YoY) January -1.7% -0.7% -0.1%

12:00 U.S. MBA Mortgage Applications March -4.8% 0.2%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. wholesale sales data. Wholesale inventories in the U.S. are expected to decline 0.2% in January, after a 0.1% decrease in December.

The euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone. Expectations for further stimulus measures by the European Central Bank (ECB) weighed on the currency pair. Market participants expect the central bank to cut its deposit further or/ and to expand its monthly asset purchases. The ECB's is -0.3%, and monthly asset purchases total €60 billion.

The British pound traded higher against the U.S. dollar after the release of the better-than-expected industrial production data from the U.K. The Office for National Statistics (ONS) released its manufacturing and industrial production figures for the U.K. on Wednesday. Industrial production in the U.K. rose 0.3% in January, missing forecasts of a 0.5% increase, after a 1.1% decline in December.

The increase was mainly driven by a gain in water supply, sewerage & waste management, which soared 9.3% in January.

On a yearly basis, industrial production in the U.K. increased 0.2% in January, in line with expectations, after a 0.2% decrease in December. December's figure was revised up from a 0.4% fall.

Manufacturing production in the U.K. climbed 0.7% in January, exceeding expectations for a 0.2% gain, after a 0.3% decrease in December. December's figure was revised down from a 0.2% drop.

Manufacturing output was mainly driven by a rise in other manufacturing and repair, which climbed by 4.8% in January.

On a yearly basis, manufacturing production in the U.K. decreased 0.1% in January, beating forecast of a 0.7% fall, after a 1.7% drop in December.

The Canadian dollar traded slightly higher against the U.S. dollar ahead of the Bank of Canada's interest rate decision. The central bank is expected to keep its interest rate unchanged.

EUR/USD: the currency pair fell to $1.0954

GBP/USD: the currency pair increased to $1.4240

USD/JPY: the currency pair rose to Y112.74

The most important news that are expected (GMT0):

15:00 United Kingdom NIESR GDP Estimate February 0.4%

15:00 Canada Bank of Canada Rate 0.5% 0.5%

15:00 Canada BOC Rate Statement

15:00 U.S. Wholesale Inventories January -0.1% -0.2%

15:30 U.S. Crude Oil Inventories March 10.374 3.5

20:00 New Zealand RBNZ Interest Rate Decision 2.5% 2.5%

20:00 New Zealand RBNZ Rate Statement

20:05 New Zealand RBNZ Press Conference

23:10 New Zealand RBNZ Governor Graeme Wheeler Speaks

09.03.2016 12:49

Orders

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

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.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page