Forex News from InstaForex

[IFX Gertrude]

Malaysian Ringgit Drops To 6-day Low Against U.S. Dollar



The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Monday. Data from the Department of Statistics showed that Malaysia's domestic producer price index dropped 2.6 percent year-over-year in October, following a 5.1 percent decrease in September. In August, prices had fallen 5.4 percent. On a monthly basis, producer prices rose 1.7 percent in October, much faster than the 0.1 percent slight increase in the preceding month. It was the second successive monthly climb. Against the greenback, the ringgit fell to a 6-day low of 4.2800 from an early high of 4.2640. At Friday's close, the ringgit was trading at 4.2600 against the greenback. If the ringgit extends its downtrend, it is likely to find support around the 4.40 area.

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[IFX Gertrude]

Malaysia Manufacturing Sector Weakens Further In November - Nikkei



The manufacturing sector in Malaysia continued to contract in November and at an accelerated pace, the latest survey from Nikkei revealed on Tuesday with a PMI score of 47.0. That's down from 48.1 in October, and it slides further beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components, production contracted at the sharpest rate in more than three years. New orders declined at a record pace, as did buying activity.

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[IFX Gertrude]

Copper Drops With Metals After Chinese Factory Activity Slows



Copper fell with other markets after activity in Chinese factory slowed, underscoring a weak outlook for demand in the country. The official manufacturing purchasing managers index fell to 49.6 last month. The official PMI figure has been in contraction territory for four months. Copper for 3-month delivery on the London Metal Exchange slipped 0.5% to $4,561.50 a ton by 9:29 a.m. in Shanghai.

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[IFX Gertrude]

Australia GDP Expands 2.5% On Year In Q3



Australia's gross domestic product gained 2.5 percent on year in the third quarter of 2015, the Australian Bureau of Statistics said on Wednesday. That beat forecasts for an increase of 2.4 percent and accelerated from the 2.0 percent gain in the second quarter. On an annualized quarterly basis, GDP gained 0.9 percent - also topping expectations for an increase of 0.8 percent and up from the 0.2 percent gain in the three months prior. The terms of trade slipped a seasonally adjusted 2.4 percent on quarter in Q3. The major contributions to economic growth this quarter came from exports, with net exports contributing 1.5 percentage points to GDP growth. The growth in exports is reflected by strong growth in mining activity (5.2 percent), bouncing back after the decline in the June quarter. Strength in the broader economy was also seen in household final consumption expenditure (up 0.7 percent) and new and used dwelling construction (up 2.0 percent). These positive contributions were offset by a fall in total gross fixed capital formation of 4.0 percent, driven by falls in private (-2.9 percent) and public (-9.2 percent) investment. The September quarter continues to see the decline in mining related construction, with engineering construction decreasing 7.1 percent.

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[IFX Gertrude]

reasury yields dive as weak US data renewed woes on Fed liftoff



Treasury yields plunged as soft manufacturing data revived questions about the possible timing of Federal Reserve's interest rate hike over the following year. According to the Institute for Supply Management, manufacturing activity slumped to 48.6 in November, from 50.1 in October. The likelihood of a Fed rate increase this month has lowered. Futures markets pointed to 75% probability of a rate hike in December. The yield premium investors get for purchasing longer-term debt slimmed at 1.25 percentage points, its narrowest in nine months. The yield on the benchmark 10-year US government note slipped to its one-month low of 2.155%, while the two-year yield fell to 0.907%, its weakest in nearly two weeks.

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[IFX Gertrude]

Australia Retail Sales Jump 0.5% In October



The total value of retail sales in Australia climbed a seasonally adjusted 0.5 percent on month in October, the Australian Bureau of Statistics said on Friday - standing at A$24.655 billion. The headline figure beat expectations for an increase of 0.4 percent, which would have been unchanged from both the September and August readings. There were rises in food retailing (0.6 percent), department stores (3.5 percent) and household goods retailing (1.1 percent). There were falls in cafes, restaurants and takeaway food services (-0.6 percent) and clothing, footwear and personal accessory retailing (-0.1 percent). Other retailing (0.0 percent) was relatively unchanged. By region, there were rises in New South Wales (0.8 percent), Victoria (0.5 percent), Queensland (0.5 percent), South Australia (0.3 percent), Tasmania (0.8 percent), the Australian Capital Territory (0.6 percent) and the Northern Territory (0.2 percent). Western Australia (0.0 percent) was relatively unchanged. Online retail turnover contributed 3.0 percent to total retail turnover in original terms.

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[IFX Gertrude]

Australia Retail Sales Jump 0.5% In October



The total value of retail sales in Australia climbed a seasonally adjusted 0.5 percent on month in October, the Australian Bureau of Statistics said on Friday - standing at A$24.655 billion. The headline figure beat expectations for an increase of 0.4 percent, which would have been unchanged from both the September and August readings. There were rises in food retailing (0.6 percent), department stores (3.5 percent) and household goods retailing (1.1 percent). There were falls in cafes, restaurants and takeaway food services (-0.6 percent) and clothing, footwear and personal accessory retailing (-0.1 percent). Other retailing (0.0 percent) was relatively unchanged. By region, there were rises in New South Wales (0.8 percent), Victoria (0.5 percent), Queensland (0.5 percent), South Australia (0.3 percent), Tasmania (0.8 percent), the Australian Capital Territory (0.6 percent) and the Northern Territory (0.2 percent). Western Australia (0.0 percent) was relatively unchanged. Online retail turnover contributed 3.0 percent to total retail turnover in original terms.

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[IFX Gertrude]

Australia Retail Sales Jump 0.5% In October



The total value of retail sales in Australia climbed a seasonally adjusted 0.5 percent on month in October, the Australian Bureau of Statistics said on Friday - standing at A$24.655 billion. The headline figure beat expectations for an increase of 0.4 percent, which would have been unchanged from both the September and August readings. There were rises in food retailing (0.6 percent), department stores (3.5 percent) and household goods retailing (1.1 percent). There were falls in cafes, restaurants and takeaway food services (-0.6 percent) and clothing, footwear and personal accessory retailing (-0.1 percent). Other retailing (0.0 percent) was relatively unchanged. By region, there were rises in New South Wales (0.8 percent), Victoria (0.5 percent), Queensland (0.5 percent), South Australia (0.3 percent), Tasmania (0.8 percent), the Australian Capital Territory (0.6 percent) and the Northern Territory (0.2 percent). Western Australia (0.0 percent) was relatively unchanged. Online retail turnover contributed 3.0 percent to total retail turnover in original terms.

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[IFX Gertrude]

Australia Retail Sales Jump 0.5% In October



The total value of retail sales in Australia climbed a seasonally adjusted 0.5 percent on month in October, the Australian Bureau of Statistics said on Friday - standing at A$24.655 billion. The headline figure beat expectations for an increase of 0.4 percent, which would have been unchanged from both the September and August readings. There were rises in food retailing (0.6 percent), department stores (3.5 percent) and household goods retailing (1.1 percent). There were falls in cafes, restaurants and takeaway food services (-0.6 percent) and clothing, footwear and personal accessory retailing (-0.1 percent). Other retailing (0.0 percent) was relatively unchanged. By region, there were rises in New South Wales (0.8 percent), Victoria (0.5 percent), Queensland (0.5 percent), South Australia (0.3 percent), Tasmania (0.8 percent), the Australian Capital Territory (0.6 percent) and the Northern Territory (0.2 percent). Western Australia (0.0 percent) was relatively unchanged. Online retail turnover contributed 3.0 percent to total retail turnover in original terms.

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[IFX Gertrude]

Australia Retail Sales Jump 0.5% In October



The total value of retail sales in Australia climbed a seasonally adjusted 0.5 percent on month in October, the Australian Bureau of Statistics said on Friday - standing at A$24.655 billion. The headline figure beat expectations for an increase of 0.4 percent, which would have been unchanged from both the September and August readings. There were rises in food retailing (0.6 percent), department stores (3.5 percent) and household goods retailing (1.1 percent). There were falls in cafes, restaurants and takeaway food services (-0.6 percent) and clothing, footwear and personal accessory retailing (-0.1 percent). Other retailing (0.0 percent) was relatively unchanged. By region, there were rises in New South Wales (0.8 percent), Victoria (0.5 percent), Queensland (0.5 percent), South Australia (0.3 percent), Tasmania (0.8 percent), the Australian Capital Territory (0.6 percent) and the Northern Territory (0.2 percent). Western Australia (0.0 percent) was relatively unchanged. Online retail turnover contributed 3.0 percent to total retail turnover in original terms.

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