Asian session: The dollar advanced as a safe haven

The yen rose against all of its 16 major counterparts as Japan’s Prime Minister Naoto Kan said the danger of further radiation leaks from a crippled nuclear power station is increasing, boosting speculation domestic investors will repatriate overseas assets.

The dollar advanced as a safe haven as Kan appealed for calm in a televised address and said his government was doing its utmost to contain the radioactive leak at Tokyo Electric Power Co.’s Fukushima Dai-Ichi plant following last week’s earthquake and tsunami. The greenback also rose versus most of its peers before reports this week forecast to show an expansion in industrial production.

EUR/USD: the pair shown low in the field of $1,3890.

GBP/USD: the pair shown low in the field of $1,6050.

USD/JPY: the pair bargained within the limits of Y81.20-Y82.00.

The main EMU data release will be the German ZEW survey, at 1000GMT, where the expectations index is expected to edge up to a reading of 16.0 and the current conditions index is expected to edge up to 85.4.

US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data. This is followed at 1230GMT by the Import & Export Price Index as well as the Empire State Index, which is expected to increase to a reading of 16.0 in March after also rising in February. The Empire index has been lagging other manufacturing surveys which have been trending up. The weekly Redbook Average then follows, at 1255GMT, shortly followed at 1300GMT by the latest Treasury International Capital System (TICS) data. US data continues at 1400GMT with the NAHB Housing Market Index, while at the same time, US Treasury Secretary Tim Geithner testifies on the future of housing finance before the Senate Banking Committee in Washington.
The decision and statement from the latest FOMC meeting is due at 1815GMT although market expectations are for nothing major to come out of the meeting. MNI's Steve Beckner writes Monday there has been a subtle shift in Fed officials' thinking and commentary on the economy and inflation -- not just a more upbeat tone on the outlook for growth and jobs, but also slightly more acknowledgement of public inflation concerns.

Latest news

13.12.2024

NZD/USD Price Analysis: Pair edges lower to 0.5760 as selling pressure mounts

13.12.2024

Australian Dollar struggles under pressure as Fed policy shifts

13.12.2024

EUR/USD Price Forecast: Hovers near 1.0500 post-ECB’s rate cut

13.12.2024

Mexican Peso rebounds amid prospects of Fed rate cut

13.12.2024

US Dollar holds its ground on quiet Friday

13.12.2024

Dow Jones Industrial Average extends losses, sheds another 100 points

13.12.2024

Gold dips amid rising US yields ahead of next week’s FOMC meeting

13.12.2024

EUR/USD Price Analysis: Pair recovers slightly, still below 20-day SMA

Support

Personal area

Trading
- Account types
- Market
- MetaTrader 4/5
Promotions
- Promotions
Investments
- Synchronous Trading
  - Rating
  - About Service
  - How it Works
  - FAQ
Analytics
- News and Tools
- Market analysis
  - Market Opinions
  - Technical Analysis
TeleTrade
- About brand
- Сooperation
- Knowlege Base
  - Education

Personal area

Forex Demo Account

Start Bonus 100%

Synchronous Trading

Our Advantages

Economic Calendar

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