Market news
15.04.2011, 08:21

Asian sessio: The yen rose

 

Data:
02:00 China Producer Price Index (YoY) (Mar) 7.3%
02:00 China Retail Sales (YoY) (Mar) 17.4%  
02:00 China Urban investment (YTD) (YoY) (Mar) 25.0%
02:00 China Industrial Production (YoY) (Mar) 14.8% 2
02:00 China Consumer Price Index (YoY) (Mar) 5.4%
02:00 China Gross Domestic Product (YoY) (Q1) 9.7%
04:30 Japan Industrial Production (YoY) (Feb) 2.9%
04:30 Japan Capacity Utilization (Feb) 2.9% 1
04:30 Japan Industrial Production (MoM) (Feb) 1.8%

 

The yen rose, reversing earlier losses, as Chinese data on consumer prices stoked concern Asia’s biggest economy will take more steps to cool growth, spurring demand for Japan’s currency as a refuge.
The yen gained versus all of its 16 major counterparts as stocks declined after China’s statistics bureau said inflation quickened to the fastest pace in more than two years. 
The euro weakened after Moody’s Investors Service cut its credit rating on Ireland.
China’s economy grew 9.7 percent in the first quarter while consumer prices increased 5.4 percent in March from a year earlier, the statistics bureau in Beijing said today. The median forecasts in surveys of economists were for economic growth of 9.4 percent and inflation of 5.2 percent.

 

EUR/USD: the pair shown low in the field of $1.4460 then  grown.
GBP/USD: the pair   shown low in the field of $1.6310 then  grown.
USD/JPY: the pair  decreased in around Y83.20.

The G20 finance ministers and central bankers meeting takes place in Washington from 1430GMT today. Main European data is sparse, with just the 0900GMT release of the February EMU trade balance and also 
March final HICP. 
US data start at 1230GMT with the Consumer Price Index and also the NY Fed Empire State Survey. Consumer prices are expected to reflect the continued price pressures from food and energy, though to a lesser extent than in at the wholesale level. Overall CPI is forecast to rise 0.5%, while core CPI is expected to rise 0.2%. The NY Fed Empire State Index is forecast to hold steady at a reading of 17.5 in April after rising in each of the last four months. 
The Treasury International Capital System (TICS) data follows at 1300GMT. US data continues at 1315GMT, when industrial production is  expected to rise 0.6% in March. Factory payrolls rose 17,000 in the 
month, while auto production jobs rose 3,000. The factory workweek fell 0.1 to 40.5 hours. The ISM production index rose to 69.0 in March. Capacity utilization is forecast to rise to 77.4%. 1355GMT, The Michigan Sentiment index is expected to rise to a reading of 69.0 in early-April. 

 

 

Latest news
12.12.2024
Japanese Yen trims part of its weekly losses against USD; upside potential seems limited
12.12.2024
USD/INR drifts higher as US Dollar demand surges
12.12.2024
USD/CAD falls to near 1.4150 as BoC signals a gradual approach to future rate cuts
12.12.2024
Commodities. Daily history for Wednesday, December 11, 2024
12.12.2024
AUD/JPY gathers strength to near 97.50 as Australia's Unemployment Rate falls in November
12.12.2024
Australian Dollar remains stronger after the release of employment data
12.12.2024
PBOC sets USD/CNY reference rate at 7.1854 vs. 7.1843 previous
12.12.2024
AUD/NZD hits two-week top, above mid-1.1000s on stellar Aussie jobs data
Support
Personal area
Choose your language / location
English
Español
Русский
Tiếng Việt
Српски
Українська
Enter your request
Start Bonus Open Demo Account
Forex Demo Account
Start Bonus 100%
Synchronous Trading
Our Advantages
Economic Calendar

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location