Forex: Wednesday's review

The euro rose against the majority of its most-traded counterparts as optimism increased that area leaders will work to avoid a default in Greece and contain the region’s debt crisis.

The 17-nation currency strengthened before a conference call today among the leaders of Greece, Germany and France.

The euro briefly dropped after Austria’s parliamentary finance committee delayed a vote to approve the increase of the European Financial Stability Facility.

The yen approached a post-World War II record against the dollar after U.S. retail sales unexpectedly stagnated in August, increasing concern the nation’s economic recovery is faltering.

U.S. retail sales were unchanged in August, following a 0.3 percent gain for July that was smaller than previously estimated, Commerce Department figures showed today in Washington. The median forecast of economists was a 0.2 percent rise.

EUR/USD: the pair showed low at $1.3635 but restored later and finished session in area of Tuesday high $1.3740.

GBP/USD: in first half of day the pair updated low and reached $1.5705. Later restored and finished session in area of $1.5760.

USD/JPY: the pair was under pressure and updated weekly low.

EMU data at 0900GMT should see final August HICP data remain unrevised, while Q2 employment data is due at the same time. Then later, at 1840GMT, ECB President Jean-Claude Trichet is due to host a gala dinner of the Eurofi Financial Forum 2011.

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