Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jul 06, 2020 1:36 am

Hong Kong Private Sector PMI Improves To 49.6 In June - IHS Markit

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The private sector in Hong Kong continued to contract in June, albeit at a much slower rate, the latest survey from IHS Markey revealed on Monday with a PMI score of 49.6.

That's up from 43.9 in May, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and new orders fell at the slowest rate in more than two years. Employment levels were broadly stable and input cost inflation returned.

Firms were less pessimistic about the year-ahead outlook during June than in May, with confidence rising to a five-month high.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jul 07, 2020 1:16 am

Australia Keeps Interest Rate, QE Unchanged

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Australia's central bank maintained its key interest rate and the target yield on three-year government bonds unchanged on Tuesday.

The board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain cash rate and the targeted yield on three-year government bonds of 25 basis points.

The bank said it is prepared to scale-up its bond purchases again and will do whatever is necessary to ensure bond markets remain functional and to achieve the yield target for 3-year Australian government securities.

The RBA had reduced the key interest rate to the current record low of 0.25 percent at the March meeting. Also in March, the bank had introduced asset purchase programme to combat the downturn caused by the pandemic.

As the economy is going through a very difficult period, it is likely that fiscal and monetary support will be required for some time, the bank said.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jul 09, 2020 1:59 am

European Economics Preview: Germany Foreign Trade Data Due

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Foreign trade data from Germany is due on Thursday, headlining light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to publish Germany's foreign trade figures for May. Exports are forecast to grow 13.8 percent and imports to rise 12 percent on a monthly basis. The trade surplus is seen at EUR 5.2 billion versus EUR 3.2 billion in April.

In the meantime, Finland's external trade data for May is due.

At 3.00 am ET, foreign trade data is due from Hungary. The trade deficit is expected to narrow to EUR 281 million from EUR 561 million in

April. At 5.00 am ET, Greece unemployment data for April is due.

At 6.00 am ET, the Central Statistics Office publishes Ireland's consumer prices for June. Prices had decreased 0.5 percent on year in May.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jul 09, 2020 1:59 am

European Economics Preview: Germany Foreign Trade Data Due

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Foreign trade data from Germany is due on Thursday, headlining light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to publish Germany's foreign trade figures for May. Exports are forecast to grow 13.8 percent and imports to rise 12 percent on a monthly basis. The trade surplus is seen at EUR 5.2 billion versus EUR 3.2 billion in April.

In the meantime, Finland's external trade data for May is due.

At 3.00 am ET, foreign trade data is due from Hungary. The trade deficit is expected to narrow to EUR 281 million from EUR 561 million in

April. At 5.00 am ET, Greece unemployment data for April is due.

At 6.00 am ET, the Central Statistics Office publishes Ireland's consumer prices for June. Prices had decreased 0.5 percent on year in May.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Jul 10, 2020 1:37 am

European Economics Preview: France Industrial Production Data Due

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Industrial production from France is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway publishes consumer and producer prices for June. Inflation is expected to rise slightly to 1.4 percent from 1.3 percent in May.

In the meantime, foreign trade and consumer prices from Romania are due. At 2.45 am ET, France's statistical office Insee is slated to release industrial production for May. Economists forecast industrial output to grow 15.1 percent month-on-month in May, reversing a 20.1 percent fall in April.

At 3.00 am ET, the Czech Statistical Office releases consumer prices for June. Inflation is forecast to remain unchanged at 2.9 percent.

At 4.00 am ET, Italy's Istat publishes industrial production data for May. Economists forecast production to climb 22.8 percent on month, reversing a 19.1 percent drop in April.

At 5.00 am ET, consumer prices and industrial output data is due from Greece.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jul 13, 2020 1:39 am

New Zealand Food Prices Gain 0.4% In June

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Food prices in New Zealand were up a seasonally adjusted 0.4 percent on month in June, Statistics New Zealand said on Monday.

Unadjusted prices rose 0.5 percent on month. Individually, fruit and vegetable prices rose 3.9 percent (up 0.8 percent after seasonal adjustment), while meat, poultry, and fish prices rose 0.9 percent, grocery food prices fell 0.5 percent (down 0.2 percent after seasonal adjustment), non-alcoholic beverage prices fell 1.1 percent and restaurant meals and ready-to-eat food prices rose 0.4 percent.

On a yearly basis, food prices climbed 4.1 percent - accelerating from 2.9 percent in the previous month.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jul 13, 2020 1:39 am

New Zealand Food Prices Gain 0.4% In June

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Food prices in New Zealand were up a seasonally adjusted 0.4 percent on month in June, Statistics New Zealand said on Monday.

Unadjusted prices rose 0.5 percent on month. Individually, fruit and vegetable prices rose 3.9 percent (up 0.8 percent after seasonal adjustment), while meat, poultry, and fish prices rose 0.9 percent, grocery food prices fell 0.5 percent (down 0.2 percent after seasonal adjustment), non-alcoholic beverage prices fell 1.1 percent and restaurant meals and ready-to-eat food prices rose 0.4 percent.

On a yearly basis, food prices climbed 4.1 percent - accelerating from 2.9 percent in the previous month.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jul 13, 2020 8:57 pm

Singapore GDP Plummets 41.2% On Quarter In Q2

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Singapore's gross domestic product tumbled a seasonally adjusted 41.2 percent on quarter in the second quarter of 2020, the Ministry of Trade and Industry said in Tuesday's advance estimate.

That missed forecasts for a drop of 37.4 percent following the upwardly revised 3.3 percent contraction in the previous three months (originally -4.7 percent).

On a yearly basis, Singapore's GDP sank 12.6 percent - again shy of expectations for 10.5 percent following the upwardly revised 0.3 percent fall in the three months prior (originally -0.7 percent).

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Re: Forex News from InstaForex

Postby IFX Yvonne » Wed Jul 15, 2020 7:00 am

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Gold Subdued As Equities Edge Higher Gold prices were flat to slightly lower on Wednesday and equities edged higher as traders cheered positive updates on a potential Covid-19 vaccine and pinned hopes on EU stimulus.

Biotech firm Moderna said its experimental vaccine for Covid-19, mRNA-1273, showed it was safe and produced strong immune responses in all 45 patients in an ongoing early-stage human trial.

EU leaders are set to meet later this week for an extraordinary summit and it is expected that they will agree on a recovery fund of 750 billion euros for pandemic-hammered economies.

Both spot gold and U.S. gold futures were down 0.1 percent at $1,811.85 per ounce and $1,811.95, respectively. Diplomatic tensions between the United States and China as well as concerns over the recovery of the global economy helped limit the downside for the yellow metal.

After U.S. President Donald Trump ordered an end to Hong Kong's special status under U.S. law, Beijing vowed retaliatory sanctions against U.S. individuals and entities.

"Hong Kong affairs are purely China's internal affairs and no foreign country has the right to interfere," China's foreign ministry said.

U.S. Federal Reserve officials warned that the U.S. economy will recover more slowly than expected, as cases continue to surge across the country leading many states to impose restrictions on movement and stay-at-home advisories.
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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jul 16, 2020 1:35 am

European Economics Preview: ECB Monetary Policy Announcement Due

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The interest rate announcement from the European Central Bank is due on Thursday, headlining a light day for the European economic news.

The ECB is expected to leave its key interest rate, which is the rate on the main refinancing operations, at a record low zero percent. No new measures are expected at the meeting. The announcement is due at 7.45 am ET.

ECB President Christine Lagarde is set to hold customary press conference at 8.30 am ET.

At 2.00 am ET, the Office for National Statistics is slated to issue UK labor market statistics. The jobless rate is forecast to rise to 4.2 percent in three months to May from 3.9 percent in three months to April.

In the meantime, the European Automobile Manufacturers' Association publishes Europe's new car registrations data for June.

At 2.45 am ET, France's statistical office Insee is scheduled to issue final consumer prices for June. According to preliminary estimate, inflation eased to 0.1 percent, which was the lowest since May 2016.

At 4.00 am ET, Italy's foreign trade data for May is due. The trade deficit totaled EUR 1.15 billion in April.

In the meantime, Bank of England's credit conditions survey data is due.

At 5.00 am ET, Eurostat releases euro area foreign trade data for May. The trade surplus totaled EUR 2.9 billion in April.

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