Forex News from InstaForex

[IFX Gertrude]

00EURO MIXED AHEAD OF GERMAN FACTORY ORDERS



At 2.00 am ET Thursday, Germany factory orders data is due from Destatis. Economists expect orders to grow 1.9 percent on month in June, reversing a 3.7 percent fall in May.

Ahead of the data, the euro traded mixed against its major rivals. While it rose against the yen, it held steady against the rest of major rivals.

The euro was worth 129.79 against the yen, 1.0738 against the franc, 0.8519 against the pound and 1.1836 against the greenback as of 1:55 am ET.

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[IFX Gertrude]

EURO MIXED AHEAD OF GERMAN FACTORY ORDERS



At 2.00 am ET Thursday, Germany factory orders data is due from Destatis. Economists expect orders to grow 1.9 percent on month in June, reversing a 3.7 percent fall in May.

Ahead of the data, the euro traded mixed against its major rivals. While it rose against the yen, it held steady against the rest of major rivals.

The euro was worth 129.79 against the yen, 1.0738 against the franc, 0.8519 against the pound and 1.1836 against the greenback as of 1:55 am ET.

News are provided by
InstaForex.

[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: GERMANY FOREIGN TRADE DATA DUE



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

At 1.45 am ET, the Swiss State Secretariat for Economic Affairs is set to publish unemployment data for July. The jobless rate is seen falling to a seasonally adjusted 3 percent from 3.1 percent in June.

At 2.00 am ET, Destatis releases Germany's external trade data for June. Exports are forecast to grow 0.4 percent on month, following a 0.3 percent rise in May. Meanwhile, growth in imports is expected to ease to 0.5 percent from 3.4 percent.

In the meantime, industrial production data is due from Norway.

At 5.00 am ET, the Hellenic Statistical Authority is slated to publish Greece consumer prices and industrial production data.

At 6.00 am ET, Ireland's industrial production and unemployment figures are due.

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[IFX Gertrude]

JAPAN HAS Y905.1 BILLION CURRENT ACCOUNT SURPLUS IN JUNE



Japan posted a current account surplus of 905.1 billion yen in June, the Ministry of Finance said on Tuesday.

That exceeded expectations for a surplus of 779.8 billion yen following the 1,979.7 billion yen surplus in May.

Exports were up 47.7 percent on year at 7,137 billion yen and imports rose an annual 33.8 percent to 6,488 billion yen for a trade surplus of 648.5 billion yen.

The capital account showed a deficit of 36.7 billion yen, while the financial account had a shortfall of 637.0 billion yen.

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[IFX Gertrude]

SINGAPORE GDP JUMPS 14.7% ON YEAR IN Q2



Singapore's gross domestic product climbed 14.7 percent on year in the second quarter of 2021, the Ministry of Trade and Industry said in Wednesday's final report,

That exceeded expectations for an increase of 14.2 percent following the 1.3 percent gain in the previous three months.

On a seasonally adjusted quarterly basis, gross domestic product contracted 1.8 percent after rising 3.1 percent in the three months prior.

Upon the release of the data, the MTI upgraded its GDP forecast for 2021 to 6 to 7 percent - up from 4 to 6 percent previously.

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[IFX Gertrude]

JAPAN PRODUCER PRICES SPIKE 5.6% ON YEAR IN JULY



Producer prices in Japan were up 5.6 percent on year in July, the Bank of Japan said on Thursday - well above expectations for 5.0 percent, which would have been unchanged from the June reading.

On a monthly basis, producer prices spiked 1.1 percent - again well above estimates for 0.5 percent and up from 0.6 percent in the previous month.

The export price index rose 0.5 percent on month in July, the bank said, while the import index climbed 1.8 percent.

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[IFX Gertrude]

FRANCE UNEMPLOYMENT RATE FALLS SLIGHTLY IN Q2



French unemployment rate dropped marginally in the second quarter, data released by the statistical office Insee showed Friday.

The ILO jobless rate dropped to 8 percent in the second quarter from 8.1 percent in the first quarter. The rate was forecast to fall to 7.9 percent.

The number of unemployed people decreased 16,000 from the previous quarter to 2.4 million in the second quarter.

The unemployment rate among youth aged between 15 and 24 came in at 19.8 percent, down from 20.6 percent a quarter ago.

On average in the second quarter, the employment rate of people aged 15 to 64 increased by 0.3 points to 66.9 percent, after remaining stable at the beginning of 2021.

Employment returned to its pre-crisis level and stood at its highest level since INSEE began measuring it on a quarterly basis in 2003.

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[IFX Gertrude]

JAPAN GDP JUMPS 1.3% ON YEAR IN Q2



Japan's gross domestic product expanded an annualized 1.3 percent on year in the second quarter of 2021, the Cabinet Office said in Monday's preliminary report.

That beat forecasts for an increase of 0.7 percent following the 3.9 percent contraction in the first quarter.

On a seasonally adjusted quarterly basis, gross domestic product rose 0.3 percent - again exceeding expectations for 0.2 percent following the 1.0 percent drop in the three months prior.

Capital expenditure gained 1.7 percent on quarter, matching expectations after sinking 1.2 percent in the previous three months.

External demand was down 0.3 percent on quarter versus forecasts for a fall of 0.1 percent after slipping 0.2 percent in Q1.

Private consumption climbed 0.8 percent on quarter, beating forecasts for a loss of 0.1 percent after sinking 1.5 percent in the previous three months.

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[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: UK UNEMPLOYMENT DATA DUE



Unemployment data from the UK is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 4.8 percent in three months to June.

At 3.00 am ET, GDP data is due from Hungary. The economy is projected to grow 17.1 percent on year, reversing a 2.1 percent fall in the first quarter.

Half an hour later, GDP, consumer spending and foreign trade figures are due from the Netherlands.

At 5.00 am ET, Eurostat is set to issue euro area revised GDP data and construction output figures. The economy is forecast to grow 2 percent sequentially in the second quarter, unchanged from the previous estimate.

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[IFX Gertrude]

NEW ZEALAND PRODUCER PRICES INPUT RISES IN Q2



New Zealand's producer prices input increased in the second quarter, Statistics New Zealand said on Wednesday.

Producer prices input rose 3.0 percent sequentially in the second quarter.

Producer price outputs grew 2.6 percent on quarter.

"As we saw last quarter, low lake levels and gas supply constraints continue to push electricity and gas prices higher," business prices delivery manager, Bryan Downes said.

Farm expense prices were up 1.4 percent on quarter and capital goods prices gained 2.9 percent in the second quarter.

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