Market news
16.01.2014, 19:21

American focus : the euro fell slightly against the U.S. dollar

Euro fell against the dollar, losing the previously all that was associated with the release of U.S. data . As it became known , the growth of production in the region continued in January , according to a survey of business produced by the Federal Reserve Bank of Philadelphia. Activity indicators , new orders, deliveries , and employment is positive , that is evidence of the continuation of moderate growth . Evaluation indicators of future activity decreased , but continue to show optimism about economic growth in the next six months. The overall index of conditions in the industry from the Federal Reserve Bank of Philadelphia - the index of current activity - rose from a revised 6.4 in December to 9.4 . The index is in positive territory for eight consecutive months. The new orders index remained in positive territory, but fell from 12.9 to 5.1 , reflecting the slowdown in demand for industrial goods . Delivery index rose slightly to 12.1 . Labor market indicators have shown a slight improvement in December. Current employment index increased by 6 points from a revised December . The percentage of firms reporting a rise in the number of employees ( 23%), higher than the percentage of firms reporting employment growth in the last month ( 18%). Expectations for the next six months showed continued decline of optimism from highs reached in October, but optimism remains .

The index of future economic activity fell by 10 points, from a revised 44.8 in December to 34.4 . About 48 % of firms expect growth in activity over the next six months , 13% expect lower activity . Indices of future new orders and delivery remained at relatively high levels , but decreased by 7 and 9 points respectively.

Pound fell slightly against the U.S. dollar , as data showed that expectations regarding the future growth of British housing prices have increased again last month, which was due to the lack of new homes on the market . It became known from the last survey, which was published today by the Royal Institution of Chartered Surveyors (RICS). RICS experts said that 61 percent of respondents predict that home prices will rise over the next three months, compared with 59 percent in November. We add that the last result was the highest since September 1999. The survey also showed house prices rose in every region of Great Britain in the last month . Nevertheless , the main house price balance fell to 56 % in December from 58% in November. Many experts predicted that the value of this index will rise to the level of 59%. It is worth noting that it was the first decline in the index over the past four months. Economists also said the UK housing market was underpinned by falling unemployment , low interest rates and government programs to make mortgages cheaper and easier to obtain .

It should be noted that the head of the Bank of England Governor Mark Carney said Wednesday that, according to forecasts , the British housing prices will continue to grow vigorously until the middle of next year.

© 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