Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



04.04.2016 12:11

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

Economic calendar (GMT0):

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

01:00 Australia MI Inflation Gauge, m/m March -0.2% 0.0%

01:30 Australia ANZ Job Advertisements (MoM) March -1.2% 0.2%

01:30 Australia Building Permits, m/m February -6.6% Revised From -7.5% 2% 3.1%

01:30 Australia Retail Sales, M/M February 0.3% 0.4% 0.0%

08:30 Eurozone Sentix Investor Confidence April 5.5 5.7

08:30 United Kingdom PMI Construction March 54.2 54 54.2

09:00 Eurozone Producer Price Index, MoM February -1.1% Revised From -1% -0.6% -0.7%

09:00 Eurozone Producer Price Index (YoY) February -3.0% Revised From -2.9% -4% -4.2%

09:00 Eurozone Unemployment Rate February 10.4% Revised From 10.3% 10.3% 10.3%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. factory orders data. The U.S. factory orders are expected to drop 1.7% in February, after a 1.6% rise in January.

The greenback remained supported by Friday's labour market data from the U.S. According to the U.S. Labor Department on Friday, the U.S. economy added 215,000 jobs in March, exceeding expectations for a rise of 205,000 jobs, after a gain of 245,000 jobs in February. February's figure was revised up from a rise of 242,000 jobs. The U.S. unemployment rate rose to 5.0% in March from 4.9% in February. Analysts had expected the unemployment rate to remain unchanged at 4.9%. Average hourly earnings increased 0.3% in March, beating forecasts of a 0.2% gain, after a 0.1% decline in February.

The euro traded mixed against the U.S. dollar after the mixed economic data from the Eurozone. Eurostat released its unemployment data for the Eurozone on Monday. Eurozone's unemployment rate declined to 10.3% in February from 10.4% in January, in line with expectations. It was the lowest reading since August 2011. January's figure was revised up from 10.3%. The lowest unemployment rate in the Eurozone in February was recorded in Germany (4.3%) and the highest in Greece (24.0% in December 2015) and Spain (20.4%).

Eurostat's producer price index for the Eurozone declined 0.7% in February, missing expectations for a 0.6% fall, after a 1.1% decrease in January's figure was revised down from a 1.0% drop.

Intermediate goods prices fell 0.4% in February, capital goods prices were flat, non-durable consumer goods prices were down 0.2% and durable consumer goods prices were up 0.1%, while energy prices decreased 2.1%.

On a yearly basis, Eurozone's producer price index dropped 4.2% in February, missing expectations for a 4.0% decline, after a 3.0% fall in January. January's figure was revised down from a 2.9% decrease.

Eurozone's producer prices excluding energy fell 0.8% year-on-year in February. Energy prices dropped at an annual rate of 12.8%.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 5.7 in April from 5.5 in March. A reading above 0.0 indicates optimism, below indicates pessimism.

"The process of economic stabilization of investors expectations has continued at the beginning of April," Sentix said in its statement.

"The Eurozone can benefit neither from a stabilization of the global economy nor from the measures of the ECB," Sentix added.

The British pound traded higher against the U.S. dollar after the release of the better-than-expected construction PMI data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. remained unchanged at 54.2 in March, beating expectations for a decrease to 54.0.

A reading above 50 indicates expansion in the construction sector.

A slowdown in residential work offset rebound in civil engineering and commercial work. New business growth slowed down in March, while job creation weakened.

The Canadian dollar traded higher against the U.S. dollar ahead of a speech by the Bank of Canada Governor Stephen Poloz at 14:00 GMT.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair increased to $1.4272

USD/JPY: the currency pair rose to Y111.74

The most important news that are expected (GMT0):

14:00 Canada BOC Gov Stephen Poloz Speaks

14:00 U.S. Factory Orders February 1.6% -1.7%

14:00 U.S. Labor Market Conditions Index March -2.4

23:30 Australia AIG Services Index March 51.8

04.04.2016 11:50

Orders

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
March 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