Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


01.04.2016 12:19

Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the mostly better-than-expected economic data from the Eurozone

Economic calendar (GMT0):

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

01:00 China Manufacturing PMI March 49.0 49.3 50.2

01:00 China Non-Manufacturing PMI March 52.7 53.8

01:45 China Markit/Caixin Manufacturing PMI March 48 49.7

02:00 Japan Manufacturing PMI (Finally) March 50.1 49.1 49.1

07:15 Switzerland Retail Sales (MoM) February -0.6% Revised From -0.3% -0.4%

07:15 Switzerland Retail Sales Y/Y February -0.1% Revised From 0.2% 0.5% -0.2%

07:30 Switzerland Manufacturing PMI March 51.6 51 53.2

07:50 France Manufacturing PMI (Finally) March 50.2 49.6 49.6

07:55 Germany Manufacturing PMI (Finally) March 50.5 50.4 50.7

08:00 Eurozone Manufacturing PMI (Finally) March 51.2 51.4 51.6

08:30 United Kingdom Purchasing Manager Index Manufacturing March 50.8 51.2 51

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 4.9% in March.

The U.S. economy is expected to add 205,000 jobs in March, after adding 242,000 jobs in February.

The final manufacturing purchasing managers' index is expected to rise to 51. 4 in March from 51.3 in February.

The ISM manufacturing purchasing managers' index is expected to increase to 50.7 in March from 49.5 in February.

The euro traded higher against the U.S. dollar after the mostly better-than-expected economic data from the Eurozone. Markit Economics released its final manufacturing purchasing managers' index (PMI) for the Eurozone on Friday. Eurozone's final manufacturing purchasing managers' index (PMI) climbed to 51.6 in March from 51.2 in February, up from the preliminary reading of 51.4.

The rise was driven by a faster growth in production and new orders.

"Although the PMI ticked higher, March still saw the second-weakest improvement in manufacturing conditions seen for just over a year. The data suggest manufacturing grew by only around 0.2% in the first quarter, acting as a drag on the wider economy," Chris Williamson, Chief Economist at Markit said.

"Policymakers will also be worried by the further intensification of deflationary pressures in manufacturing supply chains, with prices charged at the factory gate falling at the steepest rate since late-2009," he added.

Germany's final Markit/BME manufacturing purchasing managers' index (PMI) rose to 50.7 in March from 50.5 in February, up from the preliminary reading of 50.4. The index was mainly driven by rises in output and new business. Employment declined in March.

France's final manufacturing purchasing managers' index (PMI) decreased to 49.6 in March from 50.2 in February, in line with the preliminary reading. The index was driven by drops in new business and output prices. Output rose slightly.

The British pound traded lower against the U.S. dollar after the release of the weaker-than-expected manufacturing PMI data from the U.K. Markit Economics released its manufacturing purchasing managers' index (PMI) for the U.K. on Friday. The Markit/Chartered Institute of Procurement & Supply manufacturing PMI for the U.K. increased to 51.0 in March from 50.8 in February, missing expectations for a rise to 51.2.

The increase was driven by a rise in new business.

"The UK manufacturing sector remained in the doldrums during the opening quarter of the year. Although March saw modest improvements in the trends for production and new orders, industry is still hovering close to the stagnation mark and will struggle to make a meaningful contribution to the next set of GDP growth figures," Markit's Senior Economist Rob Dobson said.

The Swiss franc traded higher against the U.S. dollar. Credit Suisse and procure.ch released their manufacturing purchasing managers' index (PMI) for Switzerland on Friday. The manufacturing purchasing managers' index in Switzerland climbed to 53.2 in March from 51.6 in February, beating expectations for a decrease to 51.0. It was the highest level since October 2014.

The Federal Statistical Office released its retail sales data for Switzerland on Friday. Retail sales in Switzerland were down at an annual rate of 0.2% in February, missing expectations for a 0.5% rise, after a 0.1% decrease in January. January's figure was revised down from a 0.2% increase.

On a monthly basis, retail sales fell by 0.4% in February, after a 0.6% drop in January. January's figure was revised down from a 0.3% fall.

EUR/USD: the currency pair increased to $1.1437

GBP/USD: the currency pair declined to $1.4274

USD/JPY: the currency pair fell to Y111.99

The most important news that are expected (GMT0):

12:30 U.S. Average hourly earnings March -0.1% 0.2%

12:30 U.S. Average workweek March 34.4 34.5

12:30 U.S. Unemployment Rate March 4.9% 4.9%

12:30 U.S. Nonfarm Payrolls March 242 205

13:45 U.S. Manufacturing PMI (Finally) March 51.3 51.4

14:00 U.S. Construction Spending, m/m February 1.5% 0.1%

14:00 U.S. ISM Manufacturing March 49.5 50.7

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) March 91.7 90.5

16:00 U.S. FOMC Member Mester Speaks

01.04.2016 11:46

Orders

Market Focus

  • U.S. commercial crude oil inventories decreased by 2.5 million barrels from the previous week
  • 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
June 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