Market news
28.01.2015, 07:30

Foreign exchange market. Asian session: U.S. dollar mixed ahead of FED interest rate decision and FOMC statement

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual

00:30 Australia CPI, y/y Quarter IV +2.3% +1.8% +1.7%

00:30 Australia CPI, q/q Quarter IV +0.5% +0.3% +0.2%

07:00 Germany Gfk Consumer Confidence Survey December 9.0 9.1 9.3

07:00 Switzerland UBS Consumption Indicator December 1.29 1.42

The U.S. dollar traded slightly stronger against the euro, the British pound and the Japanese yen and lost against the New Zealand and Australian dollar after a mixed set of U.S. data yesterday, including soft spending data and disappointing earnings. Today all eyes will be on the Federal Open Market Committee Statement following the FED's interest rate decision at 19:00 GMT. U.S. indicators lost momentum lately. Some analyst see the broadly stronger dollar and falling oil prices as a reason fuelling doubts that the FED will raise interest rates as soon as previously predicted.

The Australian dollar rose for a third day against the U.S. dollar supported by solid CPI data making a rate cut next week less probable. Australia's Leading Index for December improved from -0.1% to 0.0%. Australia's CPI rose +0.2% in the fourth quarter and 1.7% year on year with both readings 0.1% below expectations and below the Bank of Australia's inflation target between 2-3%. In the previous quarter inflation rose by 0.5%, year on year +2.3%. Late in the day data on the Conference Board Australia Leading Index will be published at 23:00.

New Zealand's dollar halted its fall after trading at the weakest since 2012 on Monday. In the Asian session the currency traded stronger currently quoted at USD0.7461. All eyes are now on the RBNZ Interest Rate Decision and the Statement scheduled for 20:00 GMT. At 21:45 the Trade Balance for December will be published.

The Japanese yen traded lower against the greenback on Wednesday in the absence of any major economic data in the region. Late in the day data on Retail Sales is due at 23:30 GMT.

EUR/USD: the euro traded slightly weaker against the greenback

USD/JPY: the U.S. dollar traded stronger against the yen

GPB/USD: The British pound traded weaker against the U.S. dollar

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

15:30 U.S. Crude Oil Inventories January +10.1

19:00 U.S. Fed Interest Rate Decision 0.25% 0.25%

19:00 U.S. FOMC Statement

20:00 New Zealand RBNZ Interest Rate Decision 3.50% 3.50%

20:00 New Zealand RBNZ Rate Statement

21:45 New Zealand Trade Balance, mln December -213 -27

23:00 Australia Conference Board Australia Leading Index November -0.2%

23:50 Japan Retail sales, y/y December +0.4% +0.9%

© 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