|01:30||Australia||Retail Sales, M/M||April||1.3%||1.1%||1.1%|
|01:45||China||Markit/Caixin Services PMI||May||56.3||55.1|
During today's Asian trading, the US dollar rose against the euro, the yen, the australian dollar and the pound.
U.S. economic activity grew at a moderate pace from early April to late May, slightly faster than earlier this year, the Fed's Beige Book reported on Wednesday. Respondents in several of the country's twelve regions noted the positive impact on the economy of COVID-19 vaccination and the easing of social distancing measures, while noting the negative effects of supply chain disruptions.
The president of the Federal Reserve Bank of Philadelphia, Patrick Harker, said yesterday that it was time to think about the timing of the winding down of the Fed's asset purchase program. "I think we should slowly, carefully reduce the volume of repurchases at the appropriate time," Harker said.
Investors are waiting for the statistical data on the US labor market, which will be released on Friday. They will allow you to get an idea of the process of labor market recovery and possible further steps of the Federal Reserve. Economists predict that the number of jobs in the US economy increased by 674 thousand in May, compared with 266 thousand in April.
The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.18%.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2021 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is 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 content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-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 exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.