Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



25.08.2016 07:08

Asian session review: the dollar traded in a narrow range

The US dollar traded in a narrow range against the euro and the yen after yesterday's growth, helped by US economic data, as well as the expectation that later this weekthe Federal Reserve will express a tendency to further tighten policy.

Sales in the primary US housing market in July reached the highest level in almost a decade, as evidenced by the data published on Tuesday This indicates the strong momentum of the recovery in the housing market. Positive data boosted expectations of what Fed Chairman Janet Yellen could say in the speech in Jackson.

Futures on interest rates showed that investors see a 24% chance of a rate hike in September, while the probability of such an events was 12%, earlier this month.

"Yellen's speech on Friday could have a serious impact on the dollar, and we still expect to continue to improve," - according to BNP Paribas analysts.

The yen briefly rose after the Nikkei news agency reported that the Japanese government will introduce Y4,52 trillion in the economy in the current fiscal year.

The main infusion will be in the form of public construction projects. a supplementary budget proposal was approved on Wednesday

Japanese investment in foreign bonds fell along with the number of foreign investments in Japanese stocks. According to data released by Japan's Ministry of Finance, foreign bonds investment in August, totaled ¥ 433,1 mld, lower than the previous value of ¥ 1 297,6 mld.

The report estimates the volume of debt securities issued by foreign issuers and placed on the domestic market of Japan. This report reflects the dynamics of capital from the public sector, excluding the Bank of Japan. The net result shows a difference between the rates of inflow and outflow of capital. Despite the positive value, data indicates a decline in the outflow of capital.

Foreign investment in Japanese equities fell in August to ¥ -229,6mlrd after rising ¥ 94mlrd in July.

According to J.P. Of Morgan, after the meeting in Jackson Hole, the US currency will weaken again and USD / JPY is likely to test Y99,55.

EUR / USD: during the Asian session, the pair was trading in the $ 1.1260-80 range


GBP / USD: during the Asian session, the pair was trading in the $ 1.3220-60 range


USD / JPY: during the Asian session, the pair was trading in the Y100.40-65 range

25.08.2016 07:10

Today’s events:

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
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
24
25
26
27
28
29
30
31

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