Market news
12.10.2011, 08:05

Asian session:

00:30 Australia Home Loans August  +1.2%
06:00 Japan Core Machinery Orders September +20.3%

The euro was 0.5 percent from a three-week high before European Commission President Jose Barroso presents proposals on bank recapitalization after Germany and France pledged to devise a plan by early November.
The Swiss franc is still overvalued and needs to weaken further in order to prevent “serious” damage to Switzerland’s economy
The Australian dollar fell for a second day against its U.S. and Japanese counterparts amid concern Europe’s sovereign debt crisis will worsen and hamper global economic growth. But later the Australian and New Zealand dollars strengthened, erasing earlier declines versus their U.S. and Japanese counterparts.
The pound held a decline from yesterday versus the dollar before a report today forecast to show U.K. unemployment claims increased for a seventh month.

EUR/USD: on asian session the pair decreased, however was restored later.
GBP/USD: on asian session the pair decreased, however was restored later.
USD/JPY: on asian session the pair holds at Y76.70.

On Wednesday UK data continues at 0830GMT with labour market data. The September claimant count is expected to come in at 25k, with the rate at 5.0%. European data continues at 0900GMT with EMU industrial output for August. Finally, at 1830GMT,
ECB President Jean-Claude Trichet gives an address at the AFME annual dinner, in London.At 1730GMT, Philadelphia Fed President Charles Plosser delivers a speech on the economic outlook at Wharton in Philadelphia.

© 2000-2026. 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
E-mail
Up
Choose your language / location