Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jan 25, 2021 1:51 am

EUROPEAN ECONOMICS PREVIEW: GERMANY IFO BUSINESS CONFIDENCE DATA DUE

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Business confidence from Germany is due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, business confidence from the Czech Republic and industrial production from Austria are due.

At 3.45 am ET, European Central Bank President Christine Lagarde is set to speak at a conference in Frankfurt.

At 4.00 am ET, Germany ifo business confidence survey results are due. Economists forecast the business sentiment index to fall to 91.8 in January from 92.1 in the previous month.

In the meantime, industrial production data is due from Poland. Output is seen rising 8.7 percent on year in December, faster than the 5.4 percent rise seen in November.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jan 26, 2021 1:49 am

SOUTH KOREA GDP CLIMBS 1.1% ON QUARTER IN Q4

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South Korea's gross domestic product expanded a seasonally adjusted 1.1 percent on quarter in the fourth quarter of 2020, the Bank of Korea said in Tuesday's advance estimate.

That beat expectations for an increase of 0.7 percent following the 2.1 percent gain in the previous three months.

On a yearly basis, GDP sank 1.4 percent - exceeding forecasts for a drop of 1.7 percent following the 1.1 percent decline in the three months prior. For all of 2020, GDP was down 1.0 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jan 27, 2021 2:05 am

AUSTRALIA INFLATION CLIMBS TO 0.9% ON YEAR IN Q4

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Consumer prices in Australia were up 0.9 percent on year in the fourth quarter of 2020, the Australian Bureau of Statistics said on Wednesday - exceeding expectations for 0.7 percent, which would have been unchanged from Q3.

On a quarterly basis, inflation also gained 0.9 percent - beating forecasts for 0.7 percent and down from 1.6 percent in the three months prior.

The Reserve Bank of Australia's trimmed mean was up 0.4 percent on quarter and 1.2 percent on year - both matching forecasts and unchanged.
The weighted median rose 0.5 percent on quarter and 1.4 percent on year after rising 0.3 percent on quarter and 1.3 percent on year in the previous three months.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jan 28, 2021 1:55 am

EUROPEAN ECONOMICS PREVIEW: EUROZONE ECONOMIC CONFIDENCE DATA DUE

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Economic confidence from euro area and flash consumer prices from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Swiss foreign trade data for December is due. The trade surplus totaled CHF4.45 billion in November.

In the meantime, Statistics Norway releases retail sales and unemployment data. The jobless rate is seen unchanged at 5.2 percent in three months to November.

At 3.00 am ET, the National Institute of Economic Research is slated to issue Swedish economic tendency survey results.

Also, Spain's unemployment data for the fourth quarter is due. The jobless rate is expected to rise to 16.6 percent in the fourth quarter from 16.26 percent in the third quarter.

Half an hour later, Statistics Sweden is scheduled to publish retail sales and unemployment figures for December. Economists expect the jobless rate to climb to 8.4 percent from 7.7 percent in November.

At 4.00 am ET, Italy's Istat publishes business and consumer confidence survey results.

At 5.00 am ET, the European Commission is slated to issue euro area economic sentiment survey results. The economic confidence index is forecast to fall to 89.5 in January from 90.4 in December.

At 8.00 am ET, Destatis releases Germany's flash consumer price data for January. Economists forecast consumer prices to rise 0.7 percent annually, reversing a 0.3 percent drop in December.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Jan 29, 2021 1:16 am

AUSTRALIA PRIVATE SECTOR CREDIT RISES 0.3% IN DECEMBER

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Private sector credit in Australia was up 0.3 percent on month in December, the Reserve Bank of Australia said on Friday - accelerating from the 0.1 percent gain in November.

On a yearly basis, credit climbed 1.8 percent - up from 1.7 percent a month earlier.

Housing credit added 0.4 percent on month and 3.5 percent on year, while personal credit fell 0.5 percent on month and 12.3 percent on year and business credit gained 0.2 percent on month and 1.0 percent on year.

Broad money was up 0.6 percent on month and 12.6 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Feb 01, 2021 1:57 am

CHINA MANUFACTURING PMI EBBS IN JANUARY - CAIXIN

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The manufacturing sector in China continued to expand in January, albeit at a slower pace, the latest survey from Caixin showed on Monday with a seasonally adjusted PMI score of 51.5.

That's down from 53.0, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Chinese goods producers signaled a sustained rise in output during January, to extend the current period of expansion to 11 months. That said, the rate of growth was the least marked since last April and modest. The slowdown coincided with a weaker increase in total new work at the start of the year.

Data indicated this was partly driven by a renewed drop in export orders, which fell for the first time in six months. Survey respondents often cited the resurgence of the COVID-19 virus globally when explaining the reduction.

Stock shortages at suppliers and shipping delays led to a further increase in delivery times for inputs. Furthermore, average vendor performance deteriorated at the steepest rate since last March.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Feb 02, 2021 2:18 am

AUSTRALIA CB HOLDS KEY RATE; LIFTS QE

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Australia's central bank left its key interest rate unchanged on Tuesday and raised the size of the asset purchase programme.

The board decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility.

But the board decided to buy an additional A$100 billion of bonds issued by the Australian Government and states and territories when the current bond purchase program is completed in mid April. These additional purchases will be at the current rate of A$5 billion a week.

The bank is not expecting to raise its interest rates until 2024.

Policymakers expect the economic recovery to continue, with the central scenario being for GDP to grow by 3.5 percent over both 2021 and 2022. GDP is expected to return to its end-2019 level by the middle of this year.

Both inflation and wages growth are forecast to pick up, but to do so only gradually, with both remaining below 2 percent over the next couple of years, the board said. In underlying terms, inflation is expected to be 1.25 percent over 2021 and 1.5 percent over 2022.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Feb 03, 2021 1:59 am

EUROPEAN ECONOMICS PREVIEW: EUROZONE FLASH CONSUMER PRICES, FINAL PMI DATA DUE

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Flash consumer prices and final composite Purchasing Managers' survey results are due from euro area on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, the Turkish Statistical Institute releases consumer and producer price figures for January. Economists expect inflation to rise to 14.68 percent from 14.6 percent in December.

At 3.15 am ET, IHS Markit releases Spain's services PMI data. The index is seen at 45.3 in January, down from 48.0 in December.

At 3.45 am ET, Italy's services PMI data is due. The services index is expected to fall to 39.5 in January from 39.7 a month ago.

Thereafter, final PMI figures are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 3.55 am ET, Iceland's central bank is set to announce its interest rate decision.

At 4.00 am ET, IHS Markit publishes euro area composite PMI survey results. The final reading is seen at 47.5 in January, unchanged from flash estimate.

At 4.30 am ET, UK final composite PMI data is due. According to flash estimate, the composite index fell sharply to an eight-month low of 40.6 in January from 50.4 in December.

At 5.00 am ET, Eurostat publishes euro area flash consumer and producer price figures. Economists forecast consumer prices to rise 0.5 percent annually in January, in contrast to a fall of 0.3 percent in December.

Also, at 5.00 am, Italy's Istat releases flash consumer price figures for January. Consumer prices are forecast to drop 0.1 percent annually after easing 0.2 percent in December.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Feb 04, 2021 2:46 am

NEW ZEALAND BUSINESS CONFIDENCE STRENGTHENS IN FEBRUARY

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New Zealand business confidence strengthened in February, flash survey data from ANZ showed on Thursday.

The business sentiment index rose to 11.8 in February from 9.4 in December. The own activity outlook index advanced to 22.3 from 21.7 in the previous month.

However, there was a sharp rise in costs, dampening profitability, the survey showed.

Expected costs advanced 14 points in February. Firms are intending to pass the costs on where they can, with a net 49 percent of firms intending to raise their prices.

Inflation expectations lifted too, from 1.65 percent to 1.78 percent, another step closer to the 2 percent central bank's CPI target midpoint.

The profit expectations index slid to 0.5 from 6.8 in the previous survey period. The employment intentions climbed to 10.6 from 8.8. Final data is due on February 25.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Feb 05, 2021 1:54 am

EUROPEAN ECONOMICS PREVIEW: GERMANY FACTORY ORDERS DATA DUE

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Factory orders from Germany and Halifax house prices from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's factory orders for December. Economists forecast orders to fall 1 percent on month, reversing a 2.3 percent rise in November. In the meantime, industrial production data is due from Statistics Norway.

At 2.45 am ET, current account and foreign trade reports are due from France.

At 3.00 am ET, retail sales from the Czech Republic and industrial production from Hungary are due.

Hungary's industrial output is forecast to climb 2.0 percent annually in December, following a 3.5 percent rise in November.

Half an hour later, UK Halifax house price report is due. Monthly house price growth is seen at 0.3 percent in January versus +0.2 percent in December. Also, Statistics Sweden publishes industrial production and orders at 3.30 am.

At 4.00 am ET, Italy's Istat releases retail sales data for December. Sales had dropped 6.9 percent on month in November.

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