• Foreign exchange market. Asian session: New Zealand dollar traded mixed against the U.S dollar, still supported by yesterday’s Chinese economic data

Market news

24 June 2014

Foreign exchange market. Asian session: New Zealand dollar traded mixed against the U.S dollar, still supported by yesterday’s Chinese economic data

Economic calendar (GMT0):

02:00 China Leading Index May +0.9% +0.7%

06:00 Switzerland Trade Balance May 2.45 2.77 2.77

08:00 Germany IFO - Business Climate June 110.4 110.3 109.7

08:00 Germany IFO - Current Assessment June 114.8 114.8

08:00 Germany IFO - Expectations June 106.2 104.8

08:30 United Kingdom BBA Mortgage Approvals May 42.2 41.3 41.8

08:30 United Kingdom BOE Gov Mark Carney Speaks

08:30 United Kingdom Inflation Report Hearings

The U.S. dollar traded mixed against the most major currencies. The U.S. currency was supported by the better-than-expected he U.S. manufacturing purchasing managers' index. The U.S. manufacturing purchasing managers' index climbed to 57.5 in June from 56.4 in May, beating expectations for a decline to 56.1.

The New Zealand dollar traded mixed against the U.S dollar in the absence of any major economic reports in New Zealand. The kiwi was still supported by yesterday's Chinese economic data. China's HSBC manufacturing purchasing managers' index rose to 50.8 in June from 49.4 in May. Analysts had expected an increase to 49.7.

The Australian dollar declined against the U.S. dollar in the absence of any major economic reports in Australia.

The Japanese yen traded slightly lower against the U.S. dollar in the absence of any major economic reports in Japan.

EUR/USD: the currency pair declined to $1.3590

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair increased to Y101.97

The most important news that are expected (GMT0):

12:05 U.S. FOMC Member Charles Plosser Speaks

13:00 Belgium Business Climate June -6.8 -4.1

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y April +12.4% +11.7%

14:00 U.S. Consumer confidence June 83.0 83.6

14:00 U.S. New Home Sales May 433 442

14:00 U.S. Treasury Sec Lew Speaks

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.