- Analytics
- News and Tools
- Market News
- Forex: Thursday’s review
Forex: Thursday’s review
Yesterday the euro fluctuated against the dollar after touching the weakest level since July 2010 as German manufacturing data dropped and traders speculated measures may be taken to relieve the bloc’s debt crisis. A German index based on a survey of purchasing managers in the manufacturing industry declined to 45 this month from 46.2 in April, Markit Economics said.
The Swiss franc weakened to its lowest level in two months against the euro amid speculation the central bank may take action to discourage investment in the nation through taxing deposits.
Britain’s pound weakened against the dollar after a report showed U.K. retail sales fell the most in more than two years.
Sales including auto fuel declined 2.3% in April from the previous month, a report showed. The median forecast of economists was for a 0.7% decline.
EUR/USD: yesterday the pair fell come nearer to $1.2500.
GBP/USD: yesterday the pair fell, updated a monthly low.
USD/JPY: yesterday the pair holds nearby Y79.50.
European data for Friday starts at 0600GMT with German construction orders, shortly followed at 0610GMT by the Gfk measure of German consumer confidence. US data at 1355GMT sees the Michigan Sentiment Index, which is expected to be unrevised at a reading of 77.8, still up from the final April estimate for 76.4. Late data sees the 2015GMT release of US C&I loans data.
© 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.
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.
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
