Market news
12.01.2016, 07:27

Foreign exchange market. Asian session: the Australian dollar advanced

Economic calendar (GMT0):

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

05:00 Japan Consumer Confidence December 42.6 42.3 42.7

The Australian dollar rose against the U.S. dollar after the People's Bank of China intervened and decreased the yuan exchange rate spread in Hong Kong and Shanghai. China is Australia's major trading partner.

The pound climbed ahead of the Bank of England meeting scheduled for Thursday. Analysts surveyed by Reuters don't expect the central bank to raise its interest rates until the second quarter of the current year. However some market participants believe that the BOE will not tighten its monetary policy this year at all. A consensus forecast suggests that the bank may raise its benchmark rate by 25 basis points to 0.75% at the end of June.

The yen little changed on economic data. A report showed that Japan Current account surplus rose to ¥1,143.5 billion in November compared to expectations of ¥858.5 billion.

EUR/USD: the pair rose to $1.0885 in Asian trade

USD/JPY: the pair traded within Y117.40-00

GBP/USD: the pair fell to $1.4520

The most important news that are expected (GMT0):

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

09:30 United Kingdom Industrial Production (MoM) November 0.1% 0.0%

09:30 United Kingdom Industrial Production (YoY) November 1.7% 1.7%

09:30 United Kingdom Manufacturing Production (MoM) November -0.4% 0.1%

09:30 United Kingdom Manufacturing Production (YoY) November -0.1% -0.8%

10:30 Japan BOJ Governor Haruhiko Kuroda Speaks

10:30 U.S. FED Vice Chairman Stanley Fischer Speaks

14:15 United Kingdom BOE Gov Mark Carney Speaks

15:00 United Kingdom NIESR GDP Estimate December 0.6%

15:00 U.S. JOLTs Job Openings November 5.383 5.410

© 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