Market news
28.02.2012, 13:21

European session: the euro rose

 

 

Data:

07:00 Germany Gfk Consumer Confidence Survey March 5.9 6.1 6.0

07:00 Switzerland UBS Consumption Indicator January 0.94 0.92

08:15 Switzerland Employment Level IV quarter 4.05 4.03 4.04

09:00 Switzerland Gov Board Member Jordan Speak 0

10:00 Eurozone Business climate indicator February -0.21 -0.15 -0.18

10:00 Eurozone Economic sentiment index February 93.4 94.0 94.4

11:00 United Kingdom CBI retail sales volume balance February -22 -15 -2

 

The euro strengthened  as the European Central Bank prepared to allot a round of three-year loans tomorrow to improve the liquidity of the region’s banks.

The common currency advanced amid speculation cash injected by the ECB’s second long-term refinancing operation will spur demand for higher-yielding assets.

The dollar and yen fell before a U.S. report forecast to show consumer confidence in the world’s largest economy improved this month.

The pound rose against the greenback after U.K. retail sales data.

The pound approached a three-week high against the dollar before the Confederation of British Industry releases its retail-sales data.

 

EUR/USD: the pair grown in $1.3450 area.

GBP/USD: the pair was trading in $1,5850 area.

USD/JPY: the pair showed high in Y80,80 area. Later the rate receded in Y80.50 area.


At 1500GMT, consumer confidence is forecast to rise to a reading of 63.0 in February after dipping to 61.1 in January.

 

© 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