Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


13.01.2011 12:30

European session review: european currencies are strengthening.


The euro traded close to a one-week high against the dollar amid optimism European leaders may take action to quell the region’s debt crisis, underpinning the appeal of the region’s assets.

The 17-nation currency was little changed after three days of gains after demand rose at a Spanish debt sale, and as European Central Bank policy makers meet today in Frankfurt. The franc fell against its 16 most-traded peers after Swiss central bank Vice President Thomas Jordan said the currency’s renewed ascent is posing a threat to growth. Sweden’s krona declined from a 10-year high as inflation accelerated less than analysts forecast in December.

“This chatter of action is probably going to provide some degree of support for the euro,” said Steve Barrow, head of research for Group of 10 currencies at Standard Bank Plc in London. “The market is minded to sell the Swiss franc in this less risk-averse environment.”

The euro was little changed at $1.3137 as of 11:07 a.m. in London, after reaching $1.3171, the highest since Jan. 5. It jumped 1.2 percent yesterday, the most in a month. Against the yen, the euro climbed 0.1 percent to 109.08. The dollar was little changed at 83.04 yen.

Europe’s single currency appreciated as much as 1.1 percent to 1.2836 Swiss francs, the most since Dec. 16, before trading at 1.2784. The franc weakened 0.7 percent to 97.32 centimes per U.S. dollar.
EUR/USD the euro is strengthening. 
GBP/USD the pound is strengthening. 
USD/JPY the yen is trading rangebound. 
US data starts at 1330GMT with weekly jobless claims data, trade data and also PPI. 
Initial jobless claims are expected to fall 3,000 to 406,000 in the January 8 week. 
The international trade gap is forecast to widen to $41.0 billion in November after narrowing to $38.7 billion in October. Analysts will be watching the data closely to help set up their 4Q GDP forecasts. 
Meanwhile, producer prices are expected to jump 0.9% in December. The core PPI is expected to rise 0.2%, as the power to pass on higher input prices remains very weak.


Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 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