Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Mar 10, 2021 1:41 am

CHINA CONSUMER PRICES EASE 0.2% ON YEAR IN FEBRUARY

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Consumer prices in China were down 0.2 percent on year in February, the National Bureau of Statistics said on Wednesday.

That exceeded expectations for a decline of 0.4 percent and was up from -0.3 percent in the previous month.

On a monthly basis, consumer prices climbed 0.6 percent - again beating forecasts for a gain of 0.4 percent but down from 1.0 percent a month earlier.

The bureau also said that producer prices were up 1.7 percent on year - exceeding expectations for an increase of 1.5 percent and up sharply from 0.3 percent in January.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Mar 11, 2021 1:39 am

JAPAN PRODUCER PRICES RISE 0.4% ON MONTH IN FEBRUARY

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Producer prices in Japan were up 0.4 percent on month in February, the Bank of Japan said on Thursday.

That was shy of expectations for an increase of 0.5 percent and was unchanged from the January reading.

On a yearly basis, producer prices sank 0.7 percent - in line with expectations following the 1.6 percent decline in the previous month.

Export prices were up 1.4 percent on month and 0.3 percent on year, the bank said, while import prices jumped 4.1 percent on month but lost 3.5 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Mar 12, 2021 2:39 am

MALAYSIA INDUSTRIAL PRODUCTION GROWTH SLOWS IN JANUARY

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Malaysia's industrial production rose at a softer pace in January, data from the Department of Statistics showed on Friday.

Industrial production rose 1.2 percent year-on-year in January, after a 1.7 percent increase in December. Economists had expected a 0.7 percent rise.

The growth in production was mainly driven by a rise in production of manufacturing industry.

Manufacturing output gained 3.5 percent yearly in January, after a 4.1 percent increase in the previous month.

Among other sectors, the mining and quarrying output decreased 4.5 percent and electricity output fell 4.6 percent.

On a monthly basis, industrial production rose 0.1 percent in January.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Mar 15, 2021 1:16 am

JAPAN CORE MACHINE ORDERS SLIP 4.5% ON MONTH IN JANUARY

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The value of core machine orders in Japan was down a seasonally adjusted 4.5 percent on month in January, the Cabinet Office said on Monday - coming in at 2,397.4 billion yen.

That exceeded expectations for a decline of 5.5 percent following the upwardly revised 5.3 percent increase in December (originally 5.2 percent).

On a yearly basis, core machine orders climbed 1.5 percent - again beating forecasts for a decline of 0.2 percent after spiking 11.8 percent in the previous month.

The forecast for Q1 2021 core machine orders suggests a decline of 6.0 percent on quarter and 5.2 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Mar 16, 2021 1:25 am

AUSTRALIA HOUSE PRICE INDEX CLIMBS 3.0% IN Q4

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The house price index in Australia was up 3.0 percent on quarter in the fourth quarter of 2020, the Australian Bureau of Statistics said on Tuesday.

That beat forecasts for an increase of 2.0 percent following the 0.8 percent increase in the previous three months.

On a yearly basis, the house price index gained 3.6 percent, slowing from 4.5 percent in the three months prior.

The total value of residential dwellings in Australia rose A$257.9 billion to A$7,724.4 billion in Q4.

The mean price of residential dwellings rose A$21,300 to A$728,500, while the number of residential dwellings rose by 44,100 to 10,602,700.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Mar 17, 2021 1:26 am

SINGAPORE NON-OIL EXPORTS JUMP 8.2% ON MONTH IN FEBRUARY

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The value of non-oil domestic exports in Singapore jumped a seasonally adjusted 8.2 percent on month in February, Statistics Singapore said on Wednesday.

That beat forecasts for a decline of 1.0 percent following the downwardly revised 6.9 percent increase in January (originally 7.0 percent).

On a yearly basis, exports gained 4.2 percent - shy of expectations for 6.6 percent following the downwardly revised 12.7 percent increase in the previous month (originally 12.8 percent).

Total trade was down 3.3 percent on year after slipping 1.9 percent in January. It was up 6.0 percent on month after rising 5.7 percent in January.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Mar 18, 2021 2:10 am

EUROPEAN ECONOMICS PREVIEW: BANK OF ENGLAND MONETARY POLICY ANNOUNCEMENT DUE

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The monetary policy announcement is due from the Bank of England on Thursday, headlining a busy day for the European economic news.

The central bank is expected to keep its interest rate unchanged at 0.10 percent and to maintain the size of quantitative easing at GBP 895 billion. The announcement is due at 7.00 am ET.

Other major economic reports due for the day are as follows

At 3.30 am ET, the Federal Statistical Office is scheduled to release Swiss producer prices for February. Prices had decreased 2.1 percent on year in January.

At 4.30 am ET, Italy's Istat publishes foreign trade data for January. Also, industrial production and producer prices are due from Poland. Poland's industrial output is forecast to grow 3.9 percent annually and producer prices to gain 1.3 percent on year in February.

In the meantime, Norges Bank announces its interest rate decision.

At 6.00 am ET, Eurostat publishes foreign trade data. The trade surplus is expected to fall to EUR 25.3 billion in January from EUR 29.2 billion in December. At 7.00 am ET, Turkey's central bank announces its interest rate decision. The bank is expected to raise its one-week repo rate to 18.00 percent from 17.00 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Mar 19, 2021 2:10 am

AUSTRALIA RETAIL SALES SINK 1.1% IN FEBRUARY

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The total value of retail sales in Australia was down a seasonally adjusted 1.1 percent on month in February, the Australian Bureau of Statistics said on Friday - coming in at A$30.192 billion.

That missed expectations for an increase of 0.4 percent following the 0.3 percent gain in January.

By industry, food retailing led the falls, down 3 percent. All states and territories saw a fall in Food retailing, although the industry remains 6.5 percent above the levels of February 2020.

On a yearly basis, retail sales were up 8.7 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Mar 22, 2021 3:01 am

CHINA LEAVES BENCHMARK LENDING RATES UNCHANGED

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China left its benchmark lending rates unchanged, as widely expected, on Monday. The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent.

The one-year and five-year loan prime rates were last lowered in April 2020. The one-year loan prime rate was cut by 20 basis points and five-year rate by 10 basis points in April.

The inaction did not come as a surprise since the People's Bank of China had not adjusted the rate on its medium-term lending facility this month as it did ahead of the past three LPR moves, Julian Evans-Pritchard and Sheana Yue, economists at Capital Economics, said.

The scope for hiking rates this year is diminishing. The PBOC appears to favor quantitative controls on lending instead, they noted. Either way, credit conditions are set to be less favorable this year.

The loan prime rate is fixed monthly based on the submission of 18 banks, though Beijing has influence over the rate-setting. This new lending rate replaced the central bank's traditional benchmark lending rate in August 2019.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Mar 23, 2021 1:26 am

NEW ZEALAND CREDIT CARD SPENDING DATA DUE ON TUESDAY

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New Zealand will on Tuesday release February figures for credit card spending, highlighting a light day for Asia-Pacific economic activity. In January, card spending was down 10.6 percent on year.

Singapore will provide February numbers for consumer prices. In January, overall inflation was flat on month and up 0.2 percent on year, while core CPI fell an annual 0.2 percent.

Taiwan will see February figures for industrial production and retail sales; in January, they were up 18.81 percent and 3.56 percent, respectively.

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