Forex News from InstaForex

[IFX Gertrude]

AUSTRALIA UNEMPLOYMENT RATE SLIPS TO 3.6% IN SEPTEMBER



The jobless rate in Australia came in at a seasonally adjusted 3.6 percent in September, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 3.7 percent, which would have been unchanged from the August reading.

The Australian economy added 6,700 jobs last month, shy of expectations for an increase of 18,000 following the addition of 64,900 jobs in the previous month.

The participation rate was 66.7 percent, below forecasts for 67.0 percent, which would have been unchanged.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: UK RETAIL SALES, PUBLIC SECTOR FINANCE DATA DUE



Retail sales and public sector finances from the UK are the top economic news due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance figures. Retail sales are forecast to fall 0.2 percent on month in September, reversing a 0.4 percent rise in August. The UK budget balance is forecast to post a surplus of GBP 17.6 billion in August.

Also, the European Automobile Manufacturers' Association or ACEA publishes Europe's new car registrations for September. Sales had increased 21.0 percent annually in August.

In the meantime, Destatis is scheduled to issue Germany's producer prices for September. Economists forecast prices to fall 14.2 percent annually after easing 12.6 percent in August.

At 4.00 am ET, retail sales data is due from Poland. Sales are expected to decline 2.0 percent annually in September, slower than the 2.7 percent fall in August.

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[IFX Gertrude]

TURKEY CONSUMER CONFIDENCE IMPROVES TO 74.6



Turkey's consumer confidence improved for the second straight month in October, a survey conducted in cooperation with the Turkish Statistical Institute and the Central Bank of the Republic of Turkey showed on Monday.

The consumer confidence index rose to a 3-month high of 74.6 in August from 71.5 in the previous month. However, a reading below 100 signals a pessimistic outlook.

All four sub-indices of consumer confidence improved in October from the previous month. The index measuring the current financial situation of households climbed to 59.7 from 56.2.

Similarly, their own financial situation in the next twelve months rose from 68.9 to 72.6.

Expectations regarding the general economic situation over the year strengthened in October, with the index rising to 72.9 from 68.0.

The indicator measuring spending money on durable goods over the coming twelve months increased to 93.2 from 92.7.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE FLASH PMI DATA DUE



Flash Purchasing Managers' survey results from the euro area and unemployment data from the UK are the top economic news due on Tuesday.

At 2.00 am ET, the Office for National Statistics publishes UK unemployment data for August. The jobless rate is forecast to remain unchanged at 4.3 percent in three months to August.

In the meantime, Germany's Gfk consumer confidence survey data is due. The forward-looking consumer sentiment index is seen at -26.5 in November, the same reading as in October.

At 3.15 am ET, S&P Global publishes France's flash PMI data. Economists forecast the composite indicator to edge up to 44.2 in October from 44.1 in September.

At 3.30 am ET, Germany's flash PMI data is due. The HCOB composite output index is forecast to climb marginally to 46.7 in October from 46.4 in September.

Half an hour later, Eurozone flash composite PMI survey results are due. The indicator score is seen at 47.4 in October, up from 47.2 a month ago.

At 4.30 am ET, S&P Global is scheduled to issue the UK composite PMI data. Economists forecast the composite index to rise to 48.8 in October from 48.5 in September.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey data.

At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is likely to cut the base rate by 50 basis points to 12.5 percent.

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[IFX Gertrude]

AUSTRALIAN DOLLAR RISES AGAINST MAJORS



The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

The Australian dollar rose to nearly a 1-1/2-month high of 1.0915 against the NZ dollar, from yesterday's closing value of 1.0871.

Against the U.S. and the Canadian dollars, the aussie advanced to nearly a 2-week high of 0.6400 and nearly a 2-month high of 0.8789 from yesterday's closing quotes of 0.6355 and 0.8730, respectively.

The aussie climbed to more than a 3-week high of 95.89 against the yen and a 1-week high of 1.6559 against the euro, from Tuesday's closing quotes of 95.27 and 1.6658, respectively.

If the aussie extends its uptrend, it is likely to find support around 1.10 against the kiwi, 0.65 against the greenback, 0.88 against the loonie, 97.00 against the yen and 1.64 against the euro.

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[IFX Gertrude]

SINGAPORE INDUSTRIAL OUTPUT FALLS 2.1%, LESS THAN FORECAST



Singapore's industrial production continued to decline in September, though the pace of decrease has eased considerably since August, data from the Economic Development Board revealed on Thursday.

Industrial production dropped 2.1 percent year-on-year in September, following an 11.6 percent plunge in the prior month. That was also below the 4.8 percent decrease expected by economists. Production has been falling since October last year.

Excluding bio-medical manufacturing, industrial production rebounded 0.1 percent annually in September after a 12.7 percent slump in the previous month.

On a monthly basis, industrial production surged 10.7 percent in September, reversing a sharp 10.8 percent fall in August.

Among major clusters, production in the biomedical manufacturing industries fell the most, by 18.9 percent in September, as the pharmaceutical segment contracted 41.4 percent from last year.

The second-most significant decrease was observed in the chemicals cluster, which declined 12.9 percent.

At the same time, electronics output registered a double-digit annual growth of 10.2 percent, and that of the transport engineering segment posted an increase of 13.2 percent.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: FRANCE CONSUMER CONFIDENCE DATA DUE



Consumer sentiment survey data from France and business confidence from Italy are the major economic data due on Friday.

At 2.00 am ET, retail sales figures are due from Norway and Sweden.

At 2.45 am ET, France's statistical office INSEE publishes consumer confidence survey results for October. The consumer sentiment index is seen unchanged at 83.0.

At 3.00 am ET, Spain's INE is set to issue advance GDP estimates for the third quarter and retail sales for September. The economy is forecast to grow at a slower pace of 0.2 percent sequentially in the third quarter after rising 0.5 percent in the second quarter.

At 4.00 am ET, Italy's statistical office ISTAT releases business and consumer sentiment survey results. The business confidence index is seen at 96.0 in October, down from 96.4 in the previous month.

In the meantime, manufacturing Purchasing Managers' survey results are due from Austria.

At 6.30 am ET, Russia's central bank announces its monetary policy decision. The bank is set to raise its benchmark rate by 100 basis points to 14.00 percent.

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[IFX Gertrude]

AUSTRALIA RETAIL SALES JUMP 0.9% IN SEPTEMBER



The value of retail sales in Australia was up a seasonally adjusted 0.9 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at A$35.874 billion.

That blew away forecasts for an increase of 0.3 percent and was up sharply from the upwardly revised 0.3 percent in August (originally 0.2 percent).

Individually, sales rose for food, household goods, clothing, department store items, and other retail; sales were flat for cafes and restaurants.

On a yearly basis, retail sales rose 2.0 percent.

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[IFX Gertrude]

YEN FALLS AFTER BOJ RATE DECISION



At 11:28 pm ET in the early Asian session on Tuesday, the Bank of Japan announced its decision on interest rates to remain unchanged at -0.10 percent.

After the BoJ rate decision, the yen fell against its major rivals.

As of 11:30 pm ET, the yen was trading at 159.05 against the euro, 182.23 against the pound, 166.26 against the Swiss franc and 150.09 against the U.S. dollar.

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[IFX Gertrude]

NZ DOLLAR FALLS AGAINST MAJORS



The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.

The NZ dollar fell to 6-day lows of 0.5789 against the U.S. dollar and 1.8256 against the euro, from yesterday's closing quotes of 0.5825 and 1.8153, respectively.

Against the Australian dollar, the kiwi dropped to a 2-day low of 1.0922 from Tuesday's closing value of 1.0875.

The kiwi edged down to 87.56 against the yen, from yesterday's closing value of 88.35.

If the kiwi extends its downtrend, it is likely to find support around 0.56 against the greenback, 1.83 against the euro, 1.10 against the aussie and 86.00 against the yen.

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