Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Nov 08, 2018 2:15 am

China's Exports, Imports Rise More Than Forecast

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China's exports and imports increased more-than-expected in October, official data showed Thursday.

Exports grew 15.6 percent annually, the General Administration of Customs reported. Economists had forecast an increase of 11.7 percent.

At the same time, imports surged 21.4 percent compared to the forecast of 14.7 percent.

As a result, the trade surplus came in at $34 billion in October versus the expected level of $35.1 billion.

In yuan terms, imports advanced 26.3 percent and exports climbed 20.1 percent from last year. The trade surplus totaled CNY 233.6 billion.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Nov 09, 2018 12:41 am

China CPI Steady At 2.5% On Year In October

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Consumer prices in China were up 2.5 percent on year in October, the National Bureau of Statistics said on Friday.

That was in line with expectations and unchanged from the September reading.

The bureau also said that producer prices climbed an annual 3.3 percent - matching forecasts and slowing from 3.6 percent in the previous month.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Nov 12, 2018 3:48 am

Singapore Retail Sales Rebound In September

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Singapore's retail sales grew in September after declining in the previous two months, preliminary data from Statistics Singapore showed on Monday.

Retail sales at current prices rose 1.9 percent year-on-year following a 0.4 percent decline in August and a 2.6 percent slump in July. In June, sales grew 1.9 percent.

Excluding automobiles, retail sales increased 1.8 percent year-on-year after a 2.4 percent increase in August.

Automobile sales grew 2.5 percent year-on-year following declines in the previous two months.

Sales at petrol service stations registered the biggest gain of 11.4 percent in September followed by watches and jewelry, sales of which increased 7.4 percent.

Food store sales grew 2.5 percent. In contrast, sales of computer and telecommunication equipment continued to fall, down 5.8 percent. Sales of optical goods and books dropped 3.1 percent.

On a month-on-month basis, retail sales decreased a seasonally adjusted 0.4 percent at current prices in September after a 2.4 percent increase in August.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Nov 13, 2018 2:18 am

European Economics Preview: German ZEW, UK Labor Market Data Due

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Europe is set for a busy day on the economics front with the ZEW investor confidence survey results from Germany and the labor market data from the UK due.

The UK labor market data is due at 4.30 am ET on Tuesday. The ILO unemployment rate is expected to remain unchanged at its 43-year low of 4 percent in the three months to September and employment is forecast to grow 25,000.

Average earnings including bonus is expected to grow 3 percent year-on-year after a 2.7 percent gain in the previous period. Excluding bonus, pay is forecast to rise 3.1 percent, the same as in August. The rate of growth was the fastest since late 2008.

The Mannheim-based ZEW is set release its latest investor confidence indicator for November at 5 am ET. The German investor confidence measure is expected to weaken to -26 from -24.7 in October. The current situation index is forecast to drop to 65 from 70.1.

In other data, the Central Bureau of Statistics is set to publish the Dutch retail sales figures for September at 00.30 am ET. Destatis is set to release the final figures for German inflation for October at 2 am ET.

European Central Bank's Chief Economist Peter Praet is set to speak in London at 3 am ET. Producer and Import prices for October are due from Switzerland's Federal Statistical Office at 3.15 am ET. The producer and import price index is forecast to rise 2.2 percent year-on-year following 2.6 percent increase in September. Month-on-month, the index is expected to edge up 0.1 percent following a 0.2 percent fall. ECB's Sabine Lautenschlager, who is the Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism, is set to speak in Frankfurt at 3.45 am ET. Final consumer price inflation data for October is due from Portugal at 6 am ET. Headline inflation was estimated at 1 percent on October 31. ECB Vice President Luis de Guindos is set to speak in Frankfurt at 2 pm ET. Also due on Tuesday are unemployment data from Iceland and Poland current account balance, both at 7 am ET.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Nov 14, 2018 2:41 am

China Industrial Production Climb 5.9% In October

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Industrial production in China was up 5.9 percent on year in October, the National Bureau of Statistics said on Wednesday.

That exceeded expectation for 5.8 percent, which would have been unchanged from the September reading.

The bureau also said that retail sales climbed 8.6 percent on year - missing forecasts for a gain of 9.2 percent, which again would have been unchanged from the previous month.

Fixed asset investment advanced an annual 5.7 percent, surpassing forecasts for 5.5 percent and up from 5.4 percent a month prior.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Nov 15, 2018 12:32 am

Australia Jobless Rate Steady At 5.0% In October

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The unemployment rate in Australia came in at a seasonally adjusted 5.0 percent in October, the Australian Bureau of Statistics said on Thursday.

That was unchanged from the September reading, although it was beneath expectations for 5.1 percent.

The Australian economy added 32,800 jobs last month - beating forecasts for 20,000 following the addition of 7,800 jobs in the previous month.

The participation rate was 65.6 percent - exceeding expectations for 65.5 percent, which would have been unchanged.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Nov 16, 2018 3:47 am

Germany's Wholesale Price Inflation Accelerates In October

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Germany's wholesale prices climbed at a faster pace in October, data from Destatis revealed Friday.

Wholesale price inflation improved to 4 percent from 3.5 percent in the previous month.

The wholesale price growth in October was largely influenced by a 24.1 percent increase in solid fuels and petroleum products prices. Chemical product prices rose by 6.5 percent. Meanwhile, prices for waste and residues dropped 8.4 percent and live animals fell 9.7 percent.

Month-on-month, wholesale prices rose 0.3 percent after a 0.4 percent increase in September.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Nov 19, 2018 3:49 am

Turkey Retail Sales Fall For First Time In 19 Months

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Turkey's retail sales volume declined for the first time in over one-and-a-half years in September, preliminary data from the Turkish Statistical Institute showed on Monday.

The retail sales volume dropped a calendar adjusted 3.4 percent year-on-year following a 1.5 percent increase in August. The latest decline was the first since February 2017, when sales decreased 1 percent.

On a month-on-month basis, retail sales fell a seasonally-and-calendar adjusted 4.6 percent in September after a 0.2 percent gain in August. The latest drop was the first since February this year, when sales decreased 1 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Nov 21, 2018 3:00 am

NZ Dollar Advances Against Majors

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The New Zealand dollar climbed against its major counterparts in late Asian deals on Wednesday.

The kiwi advanced to 0.6813 against the greenback, from an early weekly low of 0.6782.

The kiwi climbed to 76.92 against the yen and 1.6700 against the euro, off its previous 8-day low of 76.44 and a 2-day low of 1.6760, respectively.

The kiwi rose back to 1.0614 against the aussie, after falling to 1.0649 at 9:15 pm ET.

If the kiwi rises further, it may find resistance around 0.69 against the greenback, 78.00 against the yen, 1.65 against the euro and 1.05 against the aussie.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Nov 26, 2018 10:25 pm

The Ifo business climate index in Germany fell to 102 in November

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According to the Ifo Institute, the mood in German companies continued to decline in November, worsening their business forecasts for the next six months. The business climate index in November, calculated by the institute, fell from the October mark of 102.9 to 102.0. Experts predicted that the figure will be 102.3.

Thus, we can conclude that the German economy is showing signs of cooling, notes Ifo's president, Clemens Fuest. Manufacturing companies are unhappy with the current situation in the country and fear that the prospects for the success of their business are in doubt. However, according to Ifo, the number of companies willing to raise prices has increased.

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