Market news
08.06.2011, 08:32

Asian session:

Data:
01:30 Australia Home Loans (Apr) 4.8%
  
The yen rose against most of its 16 major peers after the International Monetary Fund said its 26 billion-euro ($38 billion) loan to Portugal “entails important risks,” spurring demand for Japan’s currency as a refuge.
The euro fell from an almost four-week high versus the dollar after German Finance Minister Wolfgang Schaeuble said bondholders must contribute a “substantial” share of a second aid package for Greece.
The IMF approved the loan to Portugal on May 20 as part of a joint 78-billion euro bailout with the European Union in the latest effort to stem the region’s sovereign-debt crisis.
The yen rose for a sixth day against the dollar as Fed officials expressed concern over the world’s largest economy.
Bernanke’s view is shared by New York Fed President William Dudley. The U.S. recovery from the worst financial crisis since the Great Depression is “distinctly subpar” even after “aggressive monetary and fiscal stimulus,” Dudley said yesterday in remarks given to the Foreign Policy Association in New York.

EUR/USD: the pair decreased in area $1.4660. 
GBP/USD: the pair decreased in area $1.6420. 
USD/JPY: the pair shown low in zone Y79.70 then  grown.

At 0900GMT, the second release of Q1 EMU GDP is due, while at 1000GMT, German industrial output for April is due. 
US data starts at 1100GMT with the weekly MBA Mortgage Application Index, while is followed at 1400GMT by Q1 Services data and then at 1430GMT by the weekly EIA Crude Oil Stocks data. The Fed Beige Book, the Fed's compilation of anecdotal evidence about conditions in the 12 District Bank regions, is due at 1800GMT. 


© 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