Market news
08.11.2011, 09:03

Asian session: The euro fell

00:01 United Kingdom RICS House Price Balance October -24%

00:30 Australia Trade Balance September 2.56

00:30 Australia National Australia Bank's Business Confidence October 2


The euro fell for a third day before Italian Prime Minister Silvio Berlusconi faces a budget vote amid pressure to quit and a surge in borrowing costs, stoking concern the region’s debt crisis is spreading.

The dollar and yen advanced as Asian stocks dropped for a second day, increasing demand for haven assets.

The franc reached its lowest level in almost three weeks against the euro on speculation the Swiss National Bank will weaken its currency to support growth.

Australia’s dollar fell for a third day against the yen after data showed the nation’s trade surplus narrowed more than economists forecast, exports exceeded imports by A$2.56 billion ($2.64 billion), from a revised A$2.95 billion surplus in August.

Canada’s dollar rose against all of its 16 most-traded counterparts as crude oil, the nation’s largest export, touched the highest level in three months.


EUR/USD: on Asian session the pair fell.

GBP/USD: on Asian session the pair decreased.

USD/JPY: on Asian session the pair holds in range Y78.05-Y78.20.


European data for Tuesday starts at 0700GMT with the German trade balance for September, which is followed by France foreign trade data at 0745GMT. At 0940GMT, Swiss National Bank SNB Board member Thomas Jordan delivers a speech on government debt and monetary policy. Later, at 1900GMT, ECB Executive Board member Juergen Stark delivers a speech at a conference on "the ESRB at 1", in Berlin. UK data includes Manufacturing Output and Industrial Production for September, at 0930GMT. US data starts at 1245GMT with the weekly ICSC-Goldman Store Sales. US data continues at 1355GMT with the weekly Redbook Average and then at 1500GMT with the IBD/TIPP Economic Optimism Index. At 1800GMT, Minneapolis Fed President Narayana Kocherlakota delivers a speech to the South Dakota Chamber of Commerce Economic Outlook Seminar in Sioux Falls.

© 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