Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


26.08.2016 07:01

Asian session review: tight ranges as "hawkish" comments from Fed not enough

The following data was published:

23:30 Japan Consumer Price Index in the region of Tokyo y / y in August -0.4% -0.5%

23:30 Japan Consumer Price Index with the exception of the price of fresh produce in the region of Tokyo y / y in August -0.4% -0.3% -0.4%

23:30 Japan National CPI y / y in July -0.4% -0.4%

23:30 Japan National Consumer Price Index with the exception of the price of fresh food, y / y in July -0.5% -0.4% -0.5%

06:00 Germany consumer confidence index from the GfK September 10 9.9 10.2

The US dollar continues to decline against major currencies in anticipation of Fed's Yellen speech.

Traders consider a further tightening of monetary policy unlikely in the background of weak data on economic growth and productivity. However, the positive comments from the Federal Reserve's officials in recent days have increased hopes for a rate hike.

Esther George said it is time to change the interest rate. Consumer spending and the labor market - the bright spots of the US economy, but business investment continues to disappoint. George agreed to the plan to gradually raise interest rates.

Fed funds futures indicates that investors see a 54% chance of a rate hike in December, according to the CME Group.

The yen is trading in a narrow range. Data published today show that consumer prices in Japan continued to fall in July, which means that the Bank of Japan may be forced to act to stimulate inflation.

Japan National Consumer Price Index in July, year on year, down by -0.4%, in line with economists' forecast and the previous value. In August, the indicator for Tokyo area fell by -0.5%. The largest drop in July showed prices for electricity and gasoline.

The data are an assessment of price movements obtained by comparison of the retail prices of the relevant basket of goods and services. CPI - the most important barometer of changes in purchasing trends. Inflation reduces the purchasing power of the yen.

National CPI, except for the price of fresh food, decreased by 0.5%, after declining by 0.4% in June. The consumer price index except fresh products in the region of Tokyo, declined by -0.4% year on year, while economists forecasts -0.3%

The national consumer price index excluding food and energy for the period from January to July rose by 0.3% after rising 0.5% in the same period a year earlier

EUR / USD: during the Asian session, the pair was trading in the 1.1280-1.1310 range


GBP / USD: during the Asian session, the pair was trading in the $ 1.3180-1.3220 range


USD / JPY: during the Asian session, the pair was trading in the Y100.40-60 range


26.08.2016 07:15

Today’s events

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