Page 182 of 322

Re: Forex News from InstaForex

PostPosted: Fri Jun 08, 2018 1:10 am
by IFX Gertrude
Chinese Australian Imports Rise but AUD Does Not, May Fall Rather

Image

The Australian Dollar headed lower after May’s Chinese trade data crossed the wires. In both Yuan and US Dollar terms, China’s surplus missed expectations. This suggests a lower-than-anticipated boost to local economic growth as net exports are one of the four components of GDP. However, in both measurements, exports and imports rose above estimates.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Thu Jun 21, 2018 1:26 am
by IFX Gertrude
South Korea Producer Prices Add 0.2% In May

Image

Producer prices in South Korea were up 0.2 percent on month in May, the Bank of Korea said on Thursday - up from 0.1 percent in April.

Individually, prices for agricultural, forestry and marine products tumbled 0.9 percent on month, while manufacturing products were up 0.4 percent, utilities added 0.3 percent and services gained 0.1 percent.

On a yearly basis, producer prices advanced 2.2 percent, accelerating from 1.6 percent in the previous month.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Wed Jun 27, 2018 6:09 am
by IFX Yvonne
UK House Price Growth At 5-Year Low: Nationwide

Image

UK house prices increased at the slowest pace in five years in June on squeezed household budgets and Brexit uncertainty, data from the Nationwide Building Society showed Wednesday.

House prices grew 2 percent year-on-year in June, following May's 2.4 percent rise. This was the weakest growth since 2013. Nonetheless, the pace of increase was faster than the 1.7 percent economists had expected.

On a monthly basis, house prices rebounded 0.5 percent after falling 0.2 percent in May. Economists had forecast a 0.2 percent rise for June. Average house prices totaled GBP 215,444 in June.

Looking forward, much will depend on how broader economic conditions evolve, especially in the labor market, but also with respect to interest rates, Robert Gardner, Nationwide's chief economist, said.

"Subdued economic activity and ongoing pressure on household budgets is likely to continue to exert a modest drag on housing market activity and house price growth this year, though borrowing costs are likely to remain low," Gardner added.

The economist forecast house prices to rise by around 1 percent over the course of 2018.

Data showed that house prices climbed 2.2 percent on a yearly basis in the second quarter. London was the weakest performing region in the second quarter, with prices down 1.9 percent year-on-year.

Despite the recent underperformance, prices in the capital were more than 50 percent above their 2007 peak.

Meanwhile, the East Midlands was the strongest performing region, with prices up 4.4 percent year-on-year.

Re: Forex News from InstaForex

PostPosted: Thu Jul 05, 2018 9:50 pm
by IFX Gertrude
BRAZIL: Savings Reached Net Funding Of R$ 5.639 Billion In June

Image

Savings accounts in Brazil recorded net funding of R$ 5.639 billion in June, more than doubling the R$ 2.405 billion recorded in May, the country's Central Bank said on Thursday.

The balance is the result of R$ 179.9 billion in deposits and R$ 14.358 billion in withdrawals from savings accounts. In the first half of the year, there was a net funding of R$ 7.349 billion.

In the same period of 2017, savings recorded a net outflow of R$ 12.290 billion. The total savings in June amounted to R$ 749.8 billion, up 0.7% from May.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Thu Jul 05, 2018 9:52 pm
by IFX Gertrude
BRAZIL: Savings Reached Net Funding Of R$ 5.639 Billion In June

Image

Savings accounts in Brazil recorded net funding of R$ 5.639 billion in June, more than doubling the R$ 2.405 billion recorded in May, the country's Central Bank said on Thursday.

The balance is the result of R$ 179.9 billion in deposits and R$ 14.358 billion in withdrawals from savings accounts. In the first half of the year, there was a net funding of R$ 7.349 billion.

In the same period of 2017, savings recorded a net outflow of R$ 12.290 billion. The total savings in June amounted to R$ 749.8 billion, up 0.7% from May.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Fri Jul 06, 2018 12:59 am
by IFX Gertrude
Data on the labor market did not support the US dollar

Image

The euro rose in the first half of the day amid good data on production orders in Germany, and in the second half of Thursday, a weak report on the number of employees from ADP put pressure on the US dollar.

According to the report, orders in Germany's manufacturing sector in May of this year increased significantly and exceeded forecasts of economists. This suggests that Germany's economic recovery is gaining strength again after a weak start in the first quarter of this year.

According to the Federal Bureau of Statistics, the volume of orders for goods produced in Germany in May 2018 increased by 2.6% compared with April. The main reason for the increase was the growth in domestic orders by 4.3%, while export orders were up by 1.6% compared with April. Economists expected that in May orders will increase by 1.1%.

Data for April were also revised upward. A decline in orders in the manufacturing sector accounted for 1.6%, and not as previously reported 2.5%. Data on the labor market did not provide the expected support for the US dollar, as it turned out to be worse than the economists' forecasts.

According to the report, the number of jobs in the private sector in the US in June of this year increased by 177 thousand, while in May this figure was at 163 thousand. Economists predicted an increase in the number of jobs by 185 thousand.

The ADP said that the US labor market continues to move towards full employment and the number one problem for businesses is finding qualified workers. It is projected that, at the current rate of growth in employment, the shortage of labor will be exacerbated in all sectors and in companies of all sizes.

On Thursday, the British pound rose against the US dollar after statements made by the head of the Bank of England.

Mark Carney said in his speech that in the coming years it will be necessary to raise interest rates, since the weakness of the UK economy in the 1st quarter was apparently a temporary phenomenon. Many experts also agree that the economic downturn that was observed earlier this year is coming to an end, but they are less optimistic about the forecasts of further GDP growth.

Carney also drew attention to the fact that there are signs of a negative impact of trade conflicts on business activity in the UK, and the trade war, which is now being waged by the US against most developed countries, could be a catalyst for a wider slowdown in global economic growth.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Tue Jul 10, 2018 12:39 am
by IFX Gertrude
Australia Business Confidence Steady In June - NAB

Image

Business confidence in Australia was unchanged in June, the latest survey from National Australian Bank revealed on Tuesday with an index score of +6.

That's unchanged from the May reading.

The bank also said that business conditions were steady with a score of +15, also unchanged from the previous month.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Wed Jul 11, 2018 12:43 am
by IFX Gertrude
Australia Housing Finance Rises Unexpectedly

Image

The total number of owner occupied housing commitments in Australia increased unexpectedly in May, after falling in the previous five months, figures from the Australian Bureau of Statistics showed Wednesday.

On a seasonally adjusted basis, total number of owner occupied dwelling commitments rose 1.1 percent month-over-month in May, reversing a 0.9 percent fall in April.

In contrast, economists had expected 2.0 percent decline for the month.

The value of owner occupied housing commitments, excluding alternations and additions, climbed 0.5 percent.

Meanwhile, the total value of investment housing commitments dropped slightly by 0.1 percent.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Thu Jul 12, 2018 1:49 am
by IFX Gertrude
Malaysia Industrial Production Growth Slows As Expected

Image

Malaysia's industrial production growth eased in May, in line with expectations, data from the Department of Statistics showed Thursday.

Industrial production advanced 3.0 percent year-over-year in May, slower than the 4.6 percent rise in April.

Among sectors, manufacturing output grew 4.1 percent annually in May and electricity production expanded by 2.6 percent. Meanwhile, mining output registered a decline of 0.5 percent.

On a monthly basis, industrial production edged up 0.2 percent from April, when it climbed by 1.5 percent.

Another report from the statistical office showed that manufacturing sales rose 5.5 percent yearly in May, following a 8.2 percent spike in the preceding month.

News are provided byInstaForex.

Re: Forex News from InstaForex

PostPosted: Fri Jul 13, 2018 12:34 am
by IFX Gertrude
China Exports Rise More Than Forecast

Image

China's exports increased at a faster-than-expected pace in June, data from the General Administration of Customs showed Friday.

In dollar terms, exports climbed 11.3 percent year-over-year in June, faster than the expected rise of 9.5 percent.

Imports advanced 14.1 percent in June from a year ago, well below economists' forecast for a growth of 21.3 percent.

The trade surplus totaled $41.61 billion in June versus the expected surplus of $27.72 billion.

News are provided byInstaForex.