Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

19.04.2016 18:20

American focus: The US dollar fell against most major currencies

The dollar depreciated significantly against the euro, reaching a minimum of 13 April. The main pressure on the currency was weak data on the US housing market, which is likely to make the Fed more cautious approach to the issue of rising interest rates in the next few months.

The Commerce Department said that the establishment of new homes in the US fell more than expected in March, while the number of building permits reached a one-year low, suggesting a cooling of the housing market. Bookmarks new homes fell by 8.8 percent to a seasonally adjusted annual rate reached 1.09 million units, the lowest level since October. February data were revised to a level of 1.19 million units, compared with earlier estimates of 1.18 million units. Economists had forecast that the bookmarks of new homes will fall to 1170 thousand. Units last month. The fall in the last month pointed to a slowdown in the property market. Nevertheless, the fundamental indicators of the housing market remain strong amid growing labor market. Last month, bookmarks single-family homes, the largest segment of the market, fell by 9.2 percent to 764,000 units, the lowest since October. Building permits fell 7.7 percent to 1.09 million units last month, the lowest level since March last year.

The focus of the comments were also officials of the Federal Reserve System. Fed President Dudley of New York said that the economic conditions in the US "mostly favorable", but the Fed should be cautious when raising interest rates. Boston Fed President Rosengren, however, said the Fed could raise rates faster than currently expected by investors. Futures on interest rates Fed point to 1% probability of a rate hike in April and 20% probability in June.

The pound has appreciated almost 150 pips against the dollar, updating the maximum of the current month. The growth of currency contributed to a general increase in risk appetite and the results of a public opinion poll reporting the excess number of supporters of the preservation of Britain in the European Union. A further increase in couples restrain statements of the Bank of England's Carney. He said that in the event of a serious threat to the Central Bank may lower interest rates. Carney also paid attention to the exit of Britain from the EU, and once again warned about the risks facing the economy in the run-up to the forthcoming referendum. "Voting in favor of leaving the EU could lead to a long period of uncertainty about the economic outlook This, in turn, could put pressure on demand and exports, and to sow doubts about the ability of the economy to continue to grow in the future.", - The head of the Central Bank said. "Also Brekzit may lead to an increase in mortgage interest rates, accelerating inflation and higher bank interest rates in the role of the London financial sector also significantly reduced after the release of the country out of the EU." - Added Carney. Meanwhile, Carney noted that the deterioration of the situation in China could harm Britain than withdrawal from the European Union.

The Canadian dollar rose substantially against the US dollar, reaching a maximum of 10 July 2015, which was due to rising oil prices and widespread weakening of the US currency. Oil futures rise in price, as the oil strike in Kuwait almost halved the volume of production in the country, and overshadowed the bearish sentiment. At the same time, analysts expect that production will fall short again, and soon, investors will focus on an excess of supply. "In the coming days, production in Kuwait may partially recover due to the reallocation of workers to strike is not published, and the use of reserves, which will help to avoid force majeure with loading" - believe Eurasia Group analysts. Investors are also awaiting the publication of the American Petroleum Institute (API) oil reserves. If the API reported a significant fall of stocks, oil prices could rise even more.

A slight effect on the Canadian dollar had the statements of the Bank of Canada's runners. He said that the strong GDP data for Q1 to some extent explained by temporary factors. As for the situation on the currency market, Poloz said that the restoration of the Canadian dollar is related to a change in expectations for monetary policy of the USA and Canada "Despite the fact that recent economic data were generally encouraging, they differ in the variable nature. We have not seen concrete evidence of increasing the volume of investment and accelerating growth in the number of new companies probability that the inflation target will be reached earlier expectations, very low, "-. said the head of the Bank of Canada.

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
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