Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jan 03, 2018 12:28 am

Thailand Manufacturing Sector Expands In December

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Thailand's manufacturing activity expanded marginally in December, survey data from IHS Markit showed Wednesday.

The seasonally adjusted Nikkei Manufacturing Purchasing Managers' Index rose to 50.4 in December from 50.0 in November. Any reading above 50 indicates expansion in the sector.

Among components, growth in both output and new orders were key drivers for the upturn, but employment and input inventories fell further.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jan 03, 2018 12:42 am

Eurozone Manufacturing Sector Growth at Record High in December

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Eurozone factories finished 2017 by growing at their quickest pace in over two decades, which indicates a much better than expected year for businesses in the bloc.

The eurozone manufacturing purchasing managers' index in December came in at 60.6, its highest level since surveys began in mid-1997, according to latest figures shown. Any figure above 50 indicates growth over the month.

The figures confirmed earlier “flash” estimates, which implied the sector had marked its best annual performance on record, while new national-level data pointed to broad-based growth across the continent.

Businesses in Germany, Ireland and Austria all posted record growth, while Greece faced its best results for almost a decade.

Eurozone factory activity is surpassing its peers, including Britain. That has added to expectations that the European Central Bank, which this month will reduce its monthly bond purchases, will shutter the program later this year.

The factory output index, which feeds into a broader set of data including services, increased to 62.2 from 61.0 in November. That was its highest in more than 17 years and a reading surpassed only once in the survey's over two decades of history.

The ECB currently expects the eurozone economy to have grown by 2.4 percent in 2017, compared with estimates of just 1.7 percent at the beginning of 2018.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jan 04, 2018 12:14 am

China Services PMI Climbs To 53.9 In December - Caixin

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The services sector in China continued to expand in December, and at an accelerated pace, the latest survey from Caixin showed on Thursday with a PMI score of 53.9.

That's up from 51.9 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Also, the composite index came in at 53.0 - up from 51.6 in the previous month.

Individually, there was a solid increase in services activity, accompanied by faster growth in manufacturing output.

Employment remained broadly stable.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jan 04, 2018 12:40 am

Tesla Falls on Further Delay of Model 3 Production Target

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Tesla Inc. pushed back a production target for its new Model 3 sedan for the second time, disappointing investors and causing its shares to slide.

The electric-car maker now projects completing the production of 2,000 Model 3s per week by the end of the first quarter, postponing plans to hit a milestone by another three months. Tesla said it would likely assemble around 5,000 vehicles per week by the end of the second quarter.

The announced delay in production targets caused shares of the company to fall in extended trading. The stock fell by as much as 2.7 percent after the end of regular trading to $308.80.

The Model 3 is seen as a key to Tesla's long-term success, as it is the most affordable among its cars to date and is the only one with the capacity to transform the niche carmaker to a mass producer amid a number of competitors who are making their push into the electric vehicle market.

Assembling the car in an efficient manner and delivering it without any setbacks to customers is also critical as the company faces high cash burn. The company burned through $1.1 billion in capital expenditures in its third quarter and said in November that Q4 capex would be around the same figures in the previous quarter. The delays also increases the risk that reservation-holders would junk their orders.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Jan 05, 2018 12:17 am

Australia Has A$628 Million Trade Deficit

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Australia had a seasonally adjusted merchandise trade deficit of A$628 million in November, the Australian Bureau of Statistics said on Friday.

That was well shy of forecasts for a surplus of A$550 million following the downwardly revised (302 million shortfall in October (originally a surplus of A$105 million).

Imports were up A$467 million or 1.0 percent on month to A$32.481 billion in November.

Consumption goods rose A$213 million (3 percent), while capital goods rose A$190 million (3 percent) and intermediate and other merchandise goods rose A$81 million (1 percent).

Non-monetary gold fell A$100 million (25 percent) and services debits rose A$83 million (1 percent).

Exports were roughly flat at A$31.853 billion, up A$141 million from a month earlier.

Non-rural goods rose A$394 million (2 percent) and rural goods rose A$25 million (1 percent), while non-monetary gold fell A$425 million (23 percent).

Net exports of goods under merchanting remained steady at A$53 million. Services credits rose A$147 million (2 percent).

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Jan 05, 2018 1:05 am

U.S. Yields Rally as Investors Eye Jobs Data

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U.S. government bond yields edged higher, driving Treasury bond prices lower, as investors weighed in data on jobless claims and private-sector payrolls a day before the release of the official December U.S. jobs report.

Yield on the ten-year Treasury note trimmed an earlier gain to close at 2.452 percent, rising by around 0.7 basis point, while the two-year Treasury note yield advanced 2 basis points to 1.955 percent. The yield on the 30-year Treasury bond advanced marginally to 2.783 percent.

On Wednesday, Treasury yields retreated after minutes from the Federal Reserve's December meeting underlined divisions over the pace of future monetary policy tightening.

The following day, attention was diverted towards the labor market as investors priced in the private-sector employment data from payroll-services company ADP and stood by for data on weekly jobless claims, with yields continuing their rally after a solid reading from ADP.

ADP reported private-sector payrolls increased 250, 000 in December. First time jobless claims in the week ended December 30 came in at 250, 000 versus a revised 248, 000 a week earlier. The figure is higher than the 240, 000 estimated initial claims.

But markets are mostly focused on the December jobs to be released in Friday. Friday's jobs data is expected to show an increase of 198, 000 in December nonfarm payrolls after a 228, 000 increase in November. The jobless rate is estimated to remain steady at 4.1 percent, while average hourly earnings are projected to increase 0.3 percent after a 0.2 percent in November.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jan 08, 2018 12:35 am

Asian Stocks Rally as Investors Await Corporate Earnings

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Asian shares edge up on Monday on the back of solid gains in Wall Street from the last season. Due to the lack of economic data releases during the session, majority of investors are on standby for earnings releases from regional corporates later this week.

Australia's S&P/ASX 200, rising 0.21 percent in the morning. The country's “Big Four” banks traded higher on the day, with ANZ rising 0.52 percent. Gold producers, on the other hand, fell, with the All Ordinaries Gold index sliding by 0.93 percent.

South Korea's Kospi was near break even levels, inching up 0.08 percent after sliding earlier below the flat line. Increases in retailers and steelmakers were countered by the losses in several heavyweight tech stocks. Samsung Electronics and SK Hynix declined 1.04 percent and 1.39 percent respectively.

Japanese markets are closed in celebration of the Coming of Age Day.

MSCI's broad index of shares in the Asia Pacific region, excluding Japan, stood 0.09 percent higher.

The yen trader against dollar at 113.11, while the Australian dollar was mostly steady at $0.7859.

Asian markets notched multi-year highs during the first trading week of the year. Hong Kong's Hang Seng Index reached its highest level in 10 years and Japan's Nikkei 225 Index surged to levels not seen in 26 years in the previous trading day.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jan 08, 2018 2:43 am

European Economics Preview: Eurozone Economic Confidence Data Due

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Economic confidence and retail trade from euro area and factory orders from Germany are due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data. Economists forecast orders to fall 0.2 percent on month in November, reversing a 0.5 percent rise in October.

In the meantime, industrial production data from Norway is due.

At 3.00 am ET, the Czech Statistical Office releases industrial and construction output and foreign trade figures. Also, Hungary's industrial output and retail sales reports are due.

At 3.15 am ET, the Swiss Federal Statistical Office publishes inflation data.

At 4.30 am ET, Eurozone Sentix investor confidence data is due. The indicator is forecast to rise slightly to 31.2 in January from 31.1 in December.

At 5.00 am ET, the European Commission publishes Eurozone economic sentiment survey results. The index is seen at 114.7 in December versus 114.6 in November.

In the meantime, Eurostat releases retail sales data. Economists forecast euro area retail sales to grow 1.2 percent on month in November in contrast to a 1.1 percent fall in October.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jan 09, 2018 12:11 am

Australia's Consumer Confidence Improves Sharply

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Australia's consumer confidence strengthened notably during the week ended January 8, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.

The consumer confidence index climbed to 122.0 from 116.5 in the preceding week. Moreover, this was the highest score since November 2013.

All the sub components showed significant increases during the week.

Consumers remained optimistic about financial conditions, which rose to the highest since early 2017. "ANZ-Roy Morgan Australian Consumer Confidence starts the year on a high as the festive mood carries on to 2018,"

ANZ's head of Australian Economics, David Plank, commented.

"Continued strength in the labor market, and a strong performance in the Ashes series likely helped sustain the cheer among consumers."

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jan 09, 2018 12:43 am

German Manufacturing Orders Drop in November

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German manufacturing orders slipped in November, marking its first decline since July 2017 on the back of a drop in domestic and international demand.

The gauge was down 0.4 percent in November from October on a seasonally and working day adjusted basis. The October reading was revised upwards to a rise of 0.7 percent from 0.5 percent previously, according to data by the Federal Statistics Office.

The Economy Ministry, detailing the figures, said the decline in November was a result of fluctuations in large orders but adds that the trend remained strongly upwards.

A breakdown of the data showed domestic orders dropped 0.4 percent on the month and foreign orders by 0.5 percent.

According to ING economist Carsten Brzeski, the overall fall ”is rather of a technical nature than any sign of weakness.

Germany is facing robust domestic demand supported by record-high employment, rising real wages and low borrowing costs while its exporters are benefiting from a global economic recovery.

The Ifo economic institute forecasts the German economy to grow by 2.6 percent in 2018, pointing to a broad upswing that is generating employment and buoyant tax revenues.

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