Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Aug 12, 2020 1:40 am

Australia Wage Prices Rise 1.8% On Year In Q2

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Wage prices in Australia were up 1.8 percent on year in the second quarter of 2020, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for 1.9 percent and down from 2.1 percent in the three months prior.

On a seasonally adjusted quarterly basis, wage prices rose 0.2 percent - also missing forecasts for 0.3 percent and down from 0.5 percent in the previous three months.

Private sector wages gained 0.1 percent on quarter and 1.7 percent on year, while public sector wages climbed 0.6 percent on quarter and 2.1 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Aug 12, 2020 1:41 am

Australia Wage Prices Rise 1.8% On Year In Q2

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Wage prices in Australia were up 1.8 percent on year in the second quarter of 2020, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for 1.9 percent and down from 2.1 percent in the three months prior.

On a seasonally adjusted quarterly basis, wage prices rose 0.2 percent - also missing forecasts for 0.3 percent and down from 0.5 percent in the previous three months.

Private sector wages gained 0.1 percent on quarter and 1.7 percent on year, while public sector wages climbed 0.6 percent on quarter and 2.1 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Aug 13, 2020 1:27 am

European Economics Preview: Germany Final CPI Data Due

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Final consumer prices from Germany and unemployment from France are due on Thursday, headlining a light day for the European economic news.

At 1.30 am ET, the French statistical office Insee publishes unemployment data for the second quarter. The jobless rate is seen rising to 8.3 percent from 7.8 percent in the first quarter.

At 2.00 am ET, Destatis is set to publish Germany's final consumer prices for July. According to preliminary estimate, consumer prices fell 0.1 percent on year, following a 0.9 percent rise in June.

At 3.00 am ET, Spain's INE is scheduled to issue final consumer prices for July. Economists expect the statistical office to confirm 0.6 percent annual fall in June. In the meantime, consumer price data is due from the Czech Republic. Inflation is seen easing to 3.1 percent in July from 3.3 percent in June.

At 6.00 am ET, Ireland's consumer price data is due for July. Prices had fallen 0.4 percent annually in June.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Aug 14, 2020 1:44 am

European Economics Preview: Eurozone GDP Data Due

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Flash quarterly national accounts data from euro area is due on Friday, headlining a busy day for the European economic news.

At 1.00 am ET, Statistics Finland releases consumer prices for July and economic output for June.

At 2.30 am ET, July producer prices data from Switzerland is due. Prices had decreased 3.5 percent annually in June.

At 2.45 am ET, the French statistical office Insee publishes final consumer prices for July. Inflation is expected to rise to 0.8 percent in July, as initially estimated, from 0.2 percent in June.

At 3.00 am ET, industrial production and retail sales figures are due from Turkey. Economists forecast output to rise 1.1 percent on year in June, reversing a 19.9 percent fall in May.

At 3.30 am ET, Dutch GDP data is due for the second quarter.

At 4.00 am ET, consumer prices and GDP are due from Poland. Economists forecast GDP to fall 9.6 percent sequentially in the second quarter, faster than the 0.4 percent drop in the first quarter.

At 5.00 am ET, Eurostat is set to publish euro area flash GDP estimate for the second quarter. According to preliminary estimate, the currency bloc contracted 12.1 percent.

In the meantime, euro area foreign trade data is also due. The trade surplus is forecast to rise to EUR 12.6 billion in June from EUR 9.4 billion in May.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Aug 17, 2020 1:35 am

Thailand GDP Contracts Sharply In Q2

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Thailand's economy contracted sharply in the second quarter amid the coronavirus pandemic, data from the National Economic and Social Development Council, or NESDC, showed on Monday.

Gross domestic product fell 12.2 percent on a yearly basis in the first quarter, after easing by revised 2 percent in the first quarter. Economists had forecast an annual decline of 13.3 percent.

On a quarterly basis, GDP declined 9.7 percent versus a 2.5 percent drop a quarter ago. GDP was expected to fall 11.4 percent. On the expenditure side, data showed that private final consumption expenditure declined by 6.6 percent, while government spending grew 1.4 percent.

Gross fixed capital formation decreased 8 percent. For external demands, exports and imports of goods and services decreased in the second quarter. The government lowered its full-year GDP forecast for 2020 to -7.3 percent to -7.8 percent compared to an earlier estimate of a -5 percent to -6 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Aug 18, 2020 1:52 am

RBA Minutes On Tap For Tuesday

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The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on August 5, highlighting a light day for Asia-Pacific economic activity.

At the meeting, Australia's central bank left its benchmark lending rate unchanged at the record low 0.25 percent and also kept its quantitative easing unchanged. The bank vowed to maintain accommodative approach as long as it is required.
Indonesia will see Q2 results for its Business Tendency Index; in the previous three months, the index score was 104.82.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Aug 19, 2020 1:35 am

Australia's Leading Index Continue To Signal Recession: Westpac

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Australia's leading index remained in deep negative territory in July but the index appeared to have bottomed out in April, Westpac said Wednesday.

The six-month annualized growth rate in the Westpac Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to -4.37 percent in July from -4.43 percent in June.

The economic contraction in Victoria caused by the hard lockdown following the renewed virus outbreak will offset the ongoing recovery in other states, said Westpac.

Wespac expects economic growth to be flat in the September quarter before lifting by 2.8 percent in the December quarter on the assumption that Victoria moves through Stage 4 to Stage 2 and the other states avoid 'second wave' outbreaks.

Looking over the six months since the onset of the Covid-19 pandemic, the index still showed a large, broad-based weakening.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Aug 20, 2020 2:09 am

Sri Lanka's Central Bank Keeps Rate On Hold

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Sri Lanka's central bank left its key rates unchanged on Thursday after cutting it by 100 basis points last month.

The Monetary Board of the Central Bank of Sri Lanka decided to hold the Standing Deposit Facility Rate at 4.50 percent and the Standing Lending Facility Rate at 5.50 percent.

The bank has reduced the interest rates five times so far this year. The bank had slashed the rates by 100 basis points in July.

The board decided to adopt targeted measures to reduce specific interest rates that it considered to be excessive, which would help marginal borrowers.

The central bank expects the economy to recover in the second half of the year. However, for sustaining the growth momentum beyond the near term would require reforms to address structural issues in the economy, the bank noted.

Inflation is forecast to remain broadly within the desired 4-6 percent range in the near to medium term, with appropriate policy measures.

Given the poor outlook for the economy and mounting political pressure, Alex Holmes, an economist at Capital Economics, said the easing cycle has further to run.

The economist expects 50 basis points of rate cuts for the remainder of this year and another 50 basis points of cuts in 2021.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Aug 20, 2020 9:56 pm

Japan Manufacturing PMI Improves To 46.6 In July - Jibun Bank

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The manufacturing sector in Japan continued to contract in July, albeit at a weaker pace, the latest survey from Jibun Bank showed on Friday with a manufacturing PMI score of 46.6.

That's up from 45.2 in June, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

The survey also showed that the services PMI fell to 45.0 from 45.4 in June, while the composite PMI was unchanged at 44.9.

Individually, output, new orders, new export orders, employment, backlogs of work, output prices, input prices and future output all remained in contraction territory.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Aug 24, 2020 1:29 am

New Zealand Retail Sales Plummet In Q2 Lockdown

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Retail sales values in New Zealand tumbled 15 percent on quarter in the second quarter of 2020 during the Covid-19 lockdown, Statistics New Zealand said on Monday - marking the largest drop on record going back 25 years.

The total volume of retail sales dropped 14 percent on quarter.

Individually, declines were led by food and beverage services, down 40 percent (NZ$1.2 billion); fuel retailing, down 35 percent (NZ$770 million); motor vehicle and parts retailing, down 22 percent (NZ$729 million); and accommodation, down 44 percent (NZ$418 million).

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