Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
03:00 New Zealand Credit Card Spending August +4.5% +4.2%
04:30 Japan All Industry Activity Index, m/m July -0.4% +0.4% -0.2%
06:00 Germany Producer Price Index (MoM) August -0.1% -0.1% -0.1%
06:00 Germany Producer Price Index (YoY) August -0.8% -0.8%
08:00 Eurozone Current account, adjusted, bln July 18.6 Revised From 13.1 14.3 18.7
The U.S. dollar traded higher against the most major currencies despite yesterday's mixed U.S. economic data. The U.S. dollar remained supported by the results of the Fed's monetary policy meeting on Wednesday. The Fed kept its interest rate unchanged at 0.00-0.25%, but it cut its asset purchase program by another $10 billion to $15 billion. The Fed added it want to close its asset purchase program in the next month.
The Fed also said it will keep its interest rate unchanged for "a considerable time after the asset purchase program ends".
The Fed raised its estimates for interest rate. The U.S. central bank said interest rate will be 3.75% at the end of 2017.
The U.S. dollar was also supported by the results of the Scotland's independence referendum. 55% of voters said "no" to independence.
The New Zealand dollar traded slightly lower against the U.S dollar. Market participants are awaiting the general election on Saturday. The ruling centre-right National party is expected to win.
Credit card spending in New Zealand rose 4.2% in August, after a 4.5% in July.
The Australian dollar traded slightly lower against the U.S. dollar in the absence of any major economic reports from Australia.
The Japanese yen hits 6-year low against the U.S. dollar as 55% of Scottish voters said "no" to independence.
The all industry activity index in Japan declined 0.2% in July, missing expectations for a 0.4% gain, after a 0.3% fall in June. June's figure was revised up from a 0.4% drop.
EUR/USD: the currency pair fell to $1.2896
GBP/USD: the currency pair decreased to $1.6422
USD/JPY: the currency pair climbed to Y109.45
The most important news that are expected (GMT0):
12:30 Canada Wholesale Sales, m/m July +0.6% +0.8%
12:30 Canada Consumer Price Index m / m August -0.2% -0.1%
12:30 Canada Consumer price index, y/y August +2.1%
12:30 Canada Bank of Canada Consumer Price Index Core, m/m August -0.1% +0.2%
12:30 Canada Bank of Canada Consumer Price Index Core, y/y August +1.7%
© 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.