• Foreign exchange market. American session: the U.S. dollar rebounded after the better-than-expected U.S. consumer confidence

Market news

28 October 2014

Foreign exchange market. American session: the U.S. dollar rebounded after the better-than-expected U.S. consumer confidence

The U.S. dollar declined against the most major currencies after the weaker-than-expected U.S. durable goods orders, but rebounded after the better-than-expected U.S. consumer confidence. The U.S. durable goods orders declined 1.3% in September, missing expectations for a 0.4% increase, after a 18.3% drop in August. August's figure was revised down from a 0.7% increase.

The U.S. durable goods orders excluding transportation fell 0.2% in September, missing expectations for a 0.5% gain, after a 0.4% rise in August. August's figure was revised up from a 18.4% decrease.

The U.S. durable goods orders excluding defence decreased 1.5% in September, after a revised 19.1% fall in August.

The U.S. consumer confidence index jumped to 94.5 in October from 89.0 in September; exceeding expectations for an increase to 87.4. That was the highest level since October 2007.

The S&P/Case-Shiller home price index increased by 5.6% in August, missing expectations for a 5.7% rise, after a 6.7% gain in July.

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

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

The New Zealand dollar traded slightly higher against the U.S. dollar in the absence of any major economic reports from New Zealand.

Market participants are awaiting the Reserve Bank of New Zealand's and Fed' interest rate decision on Wednesday. They expect that the Reserve Bank of New Zealand will keep its interest rate unchanged at 3.50%, and the Fed will end its bond-buying program.

Investors also expects new signs for further monetary policy.

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

Market participants are awaiting the Fed' interest rate decision on Wednesday.

The Japanese yen fell against the U.S. dollar. Retail sales in Japan jumped 2.3% in September, exceeding expectations for a 0.9% increase, after a 1.2% gain in August.

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.