Market news
08.02.2011, 09:38

Asian session: The dollar and the yen fell

Data:
00:01 United Kingdom RICS House Price Balance (Jan) -31
05:00 Japan Eco Watchers Survey: Current (Jan) 44.3
05:00 Japan Eco Watchers Survey: Outlook (Jan) 47.2
The dollar and the yen fell against most major counterparts as Asian stocks gained before reports forecast to show German industrial output rebounded and U.S. small business confidence improved.
The pound strengthened for the first time in four days versus the greenback after U.K. data showed an increase in retail sales and improvement in the housing market. 
German industrial production increased 0.2 percent in December from the previous month, when it dropped 0.7 percent, a  survey of economists showed before today’s report. 
Losses in the dollar may be tempered before Federal Reserve Chairman Ben S. Bernanke testifies tomorrow at a hearing of the House Budget Committee.
A government report last week showed the U.S. unemployment rate unexpectedly dropped to 9 percent in January from 9.4 percent the previous month.
There’s a 49 percent chance U.S. policy makers will raise borrowing costs by December, according to interest-rate futures contracts on the Chicago Board of Trade. The probability was 33 percent a month ago. The benchmark rate has been at a range of zero to 0.25 percent since December 2008.

EUR/USD: the pair become stronger above a mark $1.3560.
GBP/USD: the pair become stronger in around $1.6150.
USD/JPY: the pair decreased in around Y82.10.

At 1100GMT, Germany industrial output for December is expected to rise by a reading of 0.2% m/m, 12.4% y/y.

Latest news
19.04.2024
EUR/JPY Price Analysis: Bullish push persists, eyes on waning momentum
19.04.2024
EUR/USD consolidates losses with upside attempts capped below the 1.0700 area
19.04.2024
GBP/USD drops after mixed UK retail sales, risk aversion
19.04.2024
USD/CHF picks up from 0.9075 support following Fed Golsbee’s comments
19.04.2024
US Dollar sees slight Friday downfall as buyer momentum dwindles
19.04.2024
Forecasting the Coming Week: Focus remains on central bank's policy divergence
19.04.2024
Dow Jones advances moderately in a cautious market mood
19.04.2024
Mexican Peso struggles amid geopolitical tensions despite recording solid Retail Sales
Support
Personal area
Choose your language / location
English
Español
Русский
Tiếng Việt
Српски
Українська
Введите запрос
Start Bonus Open Demo Account
Forex Demo Account
Start Bonus 100%
Synchronous Trading
Our Advantages
Economic Calendar

© 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