Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Apr 07, 2021 1:55 am

EUROPEAN ECONOMICS PREVIEW: EUROZONE UNEMPLOYMENT DATA DUE

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Unemployment data from euro area is due on Tuesday, headlining a light day for the European economic news.

At 3.00 am ET, Spain unemployment data for March is due from the labor ministry. The number of unemployed increased by 44,400 in February.

At 4.00 am ET, the Society of Motor Manufacturers and Traders releases UK car registrations data for March.

In the meantime, Italy's Istat publishes unemployment data for February. The jobless rate is seen unchanged at 9.0 percent.

Half an hour later, Eurozone Sentix investor confidence survey results are due. Economists expect the index to rise to 7.5 in April from 5.0 in March.

At 5.00 am ET, Eurostat releases euro area unemployment data for February. The jobless rate is seen unchanged at 8.1 percent.

At 8.30 am ET, the International Monetary Fund releases the World Economic Outlook.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Apr 08, 2021 2:21 am

NEW ZEALAND BUSINESS CONFIDENCE WEAKENS IN APRIL

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New Zealand business confidence deteriorated in April, the preliminary ANZ Business Outlook data showed Thursday.

The business confidence index fell to -8.4 in April from -4.1 in March. At the same time, the own activity outlook was unchanged at +16.4 percent.

Employment and investment intentions were unchanged, and export intentions rose slightly, but capacity utilization, the best GDP indicator, fell 3 points.

Expected credit availability also decreased 6 points. The proportion of firms reporting higher employment than a year ago fell 2 points.

Cost and inflation pressures remained intense. Expected costs rose 2 points to a net 75 percent expecting higher costs ahead. A net 53 percent of respondents plan to raise their prices, up 6 points to a fresh record high, the survey showed.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Apr 09, 2021 12:31 am

AUSTRALIA BUILDING PERMITS SURGE IN FEBRUARY

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The total number of building permits issued in Australia came in at a seasonally adjusted 21.6 percent on month in February - standing at 19,422.

That was in line with expectations following the 19.4 percent slump in January.

Private sector houses rose 15.1 percent, while private sector dwellings excluding houses increased 45.3 percent.

On a yearly basis, overall permits climbed 20.1 percent, private sector houses surged 57.5 percent and private sector dwellings excluding houses plunged 28.7 percent.

The seasonally adjusted estimate for the value of non-residential building approved rose 27.5 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Apr 12, 2021 1:23 am

JAPAN PRODUCER PRICES JUMP 1.0% ON YEAR IN MARCH

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Producer prices in Japan were up 1.0 percent on year in March, the Bank of Japan said on Monday - exceeding expectations for 0.5 percent following the upwardly revised 0.6 percent contraction in February (originally -0.7 percent).

On a monthly basis, producer prices jumped 0.8 percent - again exceeding expectations for 0.4 percent and up from 0.6 percent in the previous month.

Export prices were up 2.8 percent on month and 5.5 percent on year, the bank said, while import prices advanced 3.8 percent on month and 5.6 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Apr 13, 2021 1:56 am

EUROPEAN ECONOMICS PREVIEW: UK GDP, FOREIGN TRADE DATA DUE

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Monthly GDP, foreign trade and industrial production from the UK are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK monthly GDP estimate, industrial output and external trade figures. The economy is forecast to grow 0.6 percent on month in February, reversing a 2.9 percent fall in January.

The UK industrial output is forecast to grow 0.5 percent in February, reversing a 1.5 percent drop in the previous month. The visible trade deficit is seen at GBP 10.4 billion versus -GBP 9.82 billion in January.

In the meantime, Germany's wholesale price data for March is due.

At 3.00 am ET, consumer price data is due from the Czech Republic. Inflation is forecast to rise to 2.4 percent in March from 2.1 percent in February.

At 4.00 am ET, Italy's Istat publishes industrial output data for February. Economists forecast industrial output to climb 0.7 percent month-on-month, but slower than the 1 percent increase in January.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic sentiment index is forecast to rise to 79 in April from 76.6 in March.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Apr 14, 2021 1:36 am

EUROPEAN ECONOMICS PREVIEW: EUROZONE INDUSTRIAL OUTPUT DATA DUE

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Industrial production from euro area is due on Wednesday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's INE releases final consumer prices for March. According to flash estimate, consumer prices grew 1.3 percent year-on-year, the fastest since April 2019. Half an hour later, Statistics Sweden is set to issue consumer prices for March. Inflation is expected to rise to 1.7 percent from 1.4 percent in February.

At 4.30 am ET, the Office for National Statistics publishes UK labor productivity for the fourth quarter.

At 5.00 am ET, Eurostat is scheduled to release euro area industrial production for February. Economists forecast output to fall 1.1 percent month-on-month, reversing a 0.8 percent rise in January.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Apr 15, 2021 1:15 am

AUSTRALIA UNEMPLOYMENT RATE FALLS TO 5.6% IN MARCH

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The jobless rate in Australia came in at a seasonally adjusted 5.6 percent in March, the Australian Bureau of Statistics said on Thursday.

That was lower than expectations for 5.7 percent and down from 5.8 percent in February.

The Australian economy added 70,700 jobs last month - far surpassing forecasts for the addition of 35,000 jobs following the increase of 88,700 jobs in February.

The participation rate came in at 66.3 percent - again topping expectations for 66.1 percent, which would have been unchanged from the previous month.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Apr 16, 2021 1:49 am

CHINA GDP JUMPS 18.3% ON YEAR IN Q1

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China's gross domestic product expanded 18.3 percent on year in the first quarter of 2021, the National Bureau of Statistics said on Friday.

That was shy of estimates for a jump of 19.0 percent but was up sharply from the 6.5 percent growth in the fourth quarter of 2020.

The bureau also said that industrial production was up 14.1 percent on year in March - missing forecasts for a gain of 17.2 percent and slowing from the 35.1 percent growth in February.

Retail sales skyrocketed 34.2 percent on year in March, exceeding expectations for a gain of 28.0 percent and up from 33.8 percent in the previous month.

Fixed asset investment jumped an annual 25.8 percent, beating forecasts for 25.0 percent and down from 35.0 percent a month earlier.

The jobless rate in China fell to 5.3 percent in March from 5.5 percent in February.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Apr 19, 2021 2:17 am

JAPAN HAS Y663.7 BILLION TRADE DEFICIT IN MARCH

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Japan posted a merchandise trade surplus of 663.7 billion yen in March, the Ministry of Finance said on Monday.

That exceeded expectations for a surplus of 490.0 billion yen following the downwardly revised 215.9 billion yen surplus in February (originally 217.4 billion yen).

Exports jumped 16.1 percent on year to 7.378 trillion yen, beating forecasts for an increase 11.6 percent following the 4.5 percent decline in the previous month.

Imports gained an annual 5.7 percent to 6.714 trillion yen versus expectations for 4.7 percent following the 11.8 percent increase a month earlier.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Apr 20, 2021 1:46 am

CHINA MAINTAINS BENCHMARK LENDING RATES

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China kept its benchmark lending rates unchanged, as widely expected, on Tuesday.

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 last April.

Markets have expected the rates to remain on hold today as the People's Bank of China had kept the rate on its medium-term lending facility unchanged early this month.

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.

"Given that official efforts to rein in credit are being achieved by other means, we do not expect any changes to policy rates in the coming months," Julian Evans-Pritchard and Sheana Yue, economists at Capital Economics, said.

With the economy doing well, policymakers are now focused on tackling financial risks, they noted.

Even in the absence of rate hikes, tighter credit conditions will become an increasing headwind to economic activity over the coming quarters, the economists added.

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