Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Nov 13, 2019 9:17 pm

Dollar Exhibits Mixed Trend Against Major Currencies

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The U.S. dollar turned in a mixed performance against major currencies on Wednesday, although the dollar index spent much of the session in positive territory, aided by positive comments about the state of the economy by the Federal Reserve Chair Jerome Powell.

Testifying before Congress, Powell reiterated that the central bank is likely to leave interest rates on hold in the near future.

Powell told members of the Joint Economic Committee that the Fed would leave rates at their current level unless there is a material change in the economic outlook.

"We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our outlook of moderate economic growth, a strong labor market, and inflation near our symmetric 2 percent objective," Powell said.

"Of course, if developments emerge that cause a material reassessment of our outlook, we would respond accordingly," he added. "Policy is not on a preset course."

The Fed chief noted that noteworthy risks to the outlook remain, citing sluggish growth abroad and uncertainty about trade amid the ongoing U.S.-China trade war.

The dollar index was last seen at 98.37, up from previous close of 98.31. The dollar moved in a very narrow band between 98.29 and 98.45.

Against the Euro, the dollar was down slightly at 1.1003, recovering from a low of 1.1022.

The Pound Sterling was up marginally against the dollar, at $1.2847, after moving between $1.2822 and $1.2863.

Against the Japanese Yen, the dollar was down at 108.84 yen, compared to 108.84 yen on Tuesday.

The dollar was up against the aussie with the AUD-USD pair at 0.6837.

Against the loonie, the dollar was gaining at 1.3254, and against Swiss franc it was down notably at 0.9903.

According to the data released by the Labor Department, U.S. consumer prices rose by slightly more than anticipated in the month of October.

The Labor Department said its consumer price index climbed by 0.4% in October after coming in unchanged in September. Economists had expected consumer prices to rise by 0.3%.

Excluding food and energy prices, core consumer prices edged up by 0.2% in October after a 0.1% uptick in September. The uptick in core prices matched economist estimates.

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Re: Forex News from InstaForex

Postby IFX Yvonne » Fri Nov 15, 2019 2:24 am

Japan Industrial Production Rises In September

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Japan's industrial production grew more than initially estimated in September, final data from the Ministry of Economy, Trade and Industry showed on Friday.

Industrial production rose 1.7 percent month-on-month in September. According to the initial estimate, production had increased 1.4 percent.

On a monthly basis, shipments gained 1.5 percent in September instead of 1.3 percent initially estimated.

Meanwhile, inventory dropped 1.4 percent compared to the initial estimate of 1.6 percent decrease and the inventory ratio fell 1.9 percent versus prior estimate of 2.4 percent drop.

On a year-on-year basis, industrial production grew 1.3 percent in September. The initial estimate showed an annual growth of 1.1 percent.

Further, data showed that capacity utilization rose 1.0 percent on month and rose 0.2 percent from a year ago.
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Re: Forex News from InstaForex

Postby IFX Gertrude » Sun Nov 17, 2019 9:12 pm

Japan Housing Loan Data Due On Monday

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Japan is on Monday scheduled to release Q3 numbers for housing loans, highlighting a modest day for Asia-Pacific economic activity. In the three months prior, housing loans were up 2.2 percent on year.

Japan also will see October figures for condominium sales; in September, sales plummeted 30.0 percent on year.

Indonesia will release October figures for imports, exports and trade balance. In September, imports were worth $14.26 billion and exports were at $14.10 billion for a trade deficit of $160.5 million.

Singapore will provide October trade data; in September, imports were worth SGD39.48 billion and exports were at SGD43.51 billion for a trade surplus of SGD4.03 billion.

Thailand will release Q3 numbers for gross domestic product; in the three months prior, GDP was up 0.6 percent on quarter and 2.3 percent on year.

Hong Kong sill see October figures for unemployment; in September, the jobless rate was 2.9 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Nov 18, 2019 10:05 pm

New Zealand Producer Price Outputs +1.0% On Quarter

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Producer price outputs in New Zealand were up 1.0 percent on quarter and 1.8 percent on year in the third quarter of 2019, Statistics New Zealand said on Tuesday.

Input prices rose 0.9 percent on quarter and 2.1 percent on year, while capital goods prices advanced 0.8 percent on quarter and 2.7 percent on year.

Prices paid by farmers gained 0.9 percent on quarter and 2.2 percent on year, while salaries and wages rose 0.8 percent on quarter and 2.4 percent on year.

Prices paid by consumers were up 0.7 percent on quarter and 1.5 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Nov 19, 2019 8:44 pm

Japan Trade Data On Tap For Wednesday

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Japan will on Wednesday release October figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to plummet 15.4 percent on year after dipping 1.5 percent in September. Exports are called lower by an annual 7.5 percent after falling 5.2 percent in the previous month. The trade balance is tipped to show a surplus of 301.0 billion yen following the 123.0 billion yen shortfall a month earlier.

Australia will see October results for skilled vacancies and for the leading economic index from Westpac. In September, vacancies fell 0.7 percent on month and the economic index eased 0.08 percent on month.

China will release prime rate numbers for its one-year and five-year loans. The one-year is called steady at 4.2 percent, while the five-year is expected to rise to 4.9 percent from 4.85 percent previously.

Malaysia will provide October numbers for producer prices; in September, inflation was flat on month and up 1.1 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Nov 20, 2019 8:48 pm

New Zealand Credit Card Spending Data Due On Thursday

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New Zealand will on Thursday release October numbers for credit card spending, highlighting a modest day for Asia-Pacific economic activity. In September, electronic spending was down 0.1 percent on month and up 4.8 percent on year.

Japan will see September results for its all industry activity index and October figures for supermarket sales and machine tool orders.

The all industry activity index is expected to rise 1.5 percent on month following the flat reading in August. Supermarket sales were up 2.8 percent on year in September and machine tool orders plummeted an annual 37.4 percent.

The central bank in Indonesia is scheduled to wrap up its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep its benchmark lending rate unchanged at 5.00 percent.

Hong Kong will release October numbers for consumer prices; in September, overall inflation was up 3.2 percent on year.

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Re: Forex News from InstaForex

Postby IFX Yvonne » Fri Nov 22, 2019 4:07 am

Yen Off Lows Against Some Majors

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The Japanese yen came off its early lows against some of its major counterparts in late Asian deals on Friday.

The yen rose to a 2-day high 109.31 against the franc, from an early low of 109.42.

The yen recovered to 108.61 against the greenback and 81.74 against the loonie, from its early 2-day low of 108.71 and a 3-day low of 81.90, respectively. Reversing from an early low of 73.86 against the aussie, the yen bounced off to 73.70.

The next possible resistance for the yen is around 108.00 against the greenback, 107.00 against the franc, 80.00 against the loonie and 70.5 against the aussie.
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Re: Forex News from InstaForex

Postby IFX Gertrude » Sun Nov 24, 2019 8:56 pm

Singapore Inflation Data Due On Monday

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Singapore is on Monday scheduled to release October figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.

In September, consumer prices were flat on month and up 0.5 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Nov 25, 2019 9:24 pm

New Zealand Retail Sales Data Due On Tuesday

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New Zealand will on Tuesday release Q3 numbers for retail sales, setting the pace for a modest day in Asia-Pacific economic activity. Sales are expected to add 0.5 percent on quarter after rising 0.2 percent in the three months prior.

Japan will see October figures for producer prices, with forecasts suggesting an increase of 1.8 percent on year - up from 0.5 percent in September.

Hong Kong will release October numbers for imports, exports and trade balance. In September, imports were worth HKD379.33 billion and exports were at HKD347.69 billion for a trade deficit of HKD31.64 billion.

Singapore will provide October figures for industrial production; in September, production was up 3.7 percent on month and 0.1 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Nov 26, 2019 11:02 pm

New Zealand Has NZ$1.0 Billion Trade Deficit In October

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New Zealand had a merchandise trade deficit of NZ$1.0 billion in October, Statistics New Zealand said on Wednesday.

That was in line with expectations following the NZ$1.242 billion shortfall in September.

Imports were down 1.4 percent on year to NZ$6.0 billion - again matching forecasts after showing NZ$5.71 billion in the previous month.

Exports climbed an annual 4.3 percent to NZ$5.0 billion, in line with expectations and up from NZ$4.47 billion a month earlier.

The annual trade deficit was NZ$5.0 billion in October 2019, down from NZ$5.8 billion in the year ended October 2018.

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