Market news
07.08.2012, 12:17

European session: dollar fell

Data

04:30 Australia Announcement of the RBA decision on the discount rate - 3.50% 3.50% 3.50%

04:30 Australia RBA Rate Statement -

05:45 Switzerland Unemployment Rate July 2.9% 2.9% 2.9%

07:00 Switzerland Foreign Currency Reserves July 364.9 406.5

07:15 Switzerland Consumer Price Index (MoM) July -0.3% -0.5% -0.5%

07:15 Switzerland Consumer Price Index (YoY) July -1.1% -0.8% -0.7%

08:30 United Kingdom Industrial Production (MoM) June +1.0% -3.2% -2.5%

08:30 United Kingdom Industrial Production (YoY) June -1.6% -5.3% -4.3%

08:30 United Kingdom Manufacturing Production (MoM) June +1.2% -3.9% -2.9%

08:30 United Kingdom Manufacturing Production (YoY) June -1.7% -5.7% -4.3%

10:00 Germany Factory Orders s.a. (MoM) June +0.6% -0.8% -1.7%

10:00 Germany Factory Orders n.s.a. (YoY) June -5.4% -7.0% -5.4%


The euro rose against the yen and dollar after Germany declared that it supported the proposal of the President of the European Central Bank's Mario Draghi to stop the debt crisis in the region.

The single currency showed growth after a report showed that the economy of Italy fell less than expected by economists predicted. Italian gross domestic product fell by 0.7% in the second quarter. The average score of economists was at -0.8%. In annual terms, GDP fell by 2.5%.

Euro continued to rise even after the German Ministry of Economics has stated that the volume of industrial orders fell by 1.7% in June, after rising 0.7% in May. Economists had forecast that the decline of 0.8%.

The Swiss franc rose against the dollar and was little changed against the euro after the central bank of Switzerland said that foreign exchange reserves rose to record levels in July.

The Australian dollar rose to its highest level since March, after the Reserve Bank of Australia left the level of interest rates unchanged.

The course of the yen rose against the dollar after growth stocks around the world has stimulated speculation that the Bank of Japan will refrain from further easing of monetary policy at a meeting this week.


EUR / USD: during the European session, the pair shows a marked increase, updating the maximum session

GBP / USD: a couple has more than one figure, and is now trading in the region of maximum values ​​at $ 1.5675

USD / JPY: during the European session, the pair has grown and is now trading at Y78.45


At 12:30 GMT in Canada will change in the volume of building permits issued for June. At 14:00 GMT, Canada will report on the PMI index from the Ivey (including with seasonally adjusted) in July. At 14:00 GMT, Britain will publish data on the change in GDP from the NIESR in July. At 20:30 GMT the U.S. will change in the volume of crude oil, according to the API for August. Finish the day at 23:50 GMT, Japan, and the data on the total adjusted current account surplus in June.

© 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