TeleTrade - Analytics

    TeleTrade

    726.50 6.50/10
    57% of positive reviews
    Real

    13.06.2016 12:16 Foreign exchange market. European session: the euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone

    13.06.2016 12:16

    Foreign exchange market. European session: the euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone

    Economic calendar (GMT0):

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

    02:00 China Retail Sales y/y May 10.1% 10.1% 10.0%

    02:00 China Fixed Asset Investment May 10.5% 10.5% 9.6%

    02:00 China Industrial Production y/y May 6.0% 5.9% 6.0%

    07:00 Eurozone ECB's Jens Weidmann Speaks

    The U.S. dollar traded mixed against the most major currencies in the absence of any major economic report from the U.S.

    The euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone.

    The European Central Bank (ECB) Governing Council member Jens Weidmann said on Monday that there was no need for more stimulus measures, adding that the current stimulus measures needed more time to take effect.

    "The current monetary environment requires no further easing," he said.

    Weidmann noted that the ECB's quantitative easing was appropriate as inflation was low. But he pointed out that the risks and side effects of the stimulus measures would rise over time.

    The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.

    Uncertainty over Britain's membership in the European Union (EU) weighed on the currency pair. According to the ORB poll for The Independent on Friday, 55% of respondents would support Britain's exit from the EU, while 45% of respondents would vote for the campaign "Remain". ORB surveyed 2,000 people.

    EUR/USD: the currency pair traded mixed

    GBP/USD: the currency pair traded mixed

    USD/JPY: the currency pair traded mixed


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree