Forex News from InstaForex

[IFX Gertrude]

SINGAPORE PRIVATE SECTOR PMI SLIPS TO 54.1 IN JUNE - S&P GLOBAL



The private sector in Singapore continued to expand in June, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 54.1.

That's down from 54.5 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Driving the latest private sector expansion was a sustained improvement in new orders. Demand for Singaporean goods and services rose in June, extending the sequence of expansion that commenced at the start of 2023. Foreign demand remained subdued, however, registering a mild contraction in the latest survey period.

In turn, output rose at the fastest rate since last October. Sub-sector data indicated that the real estate & business services sector recorded the sharpest output growth in June.

News are provided by
InstaForex.

Read More https://ifxpr.com/44bbaHa

[IFX Gertrude]

EURO FALLS AGAINST MAJORS



The euro weakened against other major currencies in the Asian session on Thursday.

The euro fell to near 2-week lows of 0.9738 against the Swiss franc and 156.18 against the yen, from yesterday's closing quotes of 0.9753 and 156.99, respectively.

Moving away from a recent high of 0.8546 against the pound, the euro fell to nearly a 2-week low of 0.8536.

Against the U.S. and the New Zealand dollars, the euro dropped to 3-week lows of 1.0834 and 1.7504, from yesterday's closing quotes of 1.0854 and 1.7559, respectively.

The euro edged down to 1.6261 against the Australian dollar, from Wednesday's closing value of 1.6308.

Against the Canadian dollar, the euro dropped to 1.4409 from a recent high of 1.4422.

If the euro extends its downtrend, it is likely to find support around 0.95 against the franc, 154.00 against the yen, 0.82 against the pound, 1.06 against the greenback, 1.71 against the kiwi, 1.58 against the aussie and 1.41 against the loonie.

News are provided by
InstaForex.

Read More https://ifxpr.com/44dYA9V

[IFX Gertrude]

GERMANY INDUSTRIAL PRODUCTION FALLS MORE THAN EXPECTED



Germany's industrial production declined more than expected in May, figures from Destatis revealed on Friday.

Industrial production posted a monthly fall of 0.2 percent in May in contrast to the 0.3 percent increase in April. Output was forecast to drop 0.1 percent.

The decline was largely driven by the sharp 13.1 percent fall in output of pharmaceutical products. Meanwhile, motor vehicles, trailers and semi-trailers logged a monthly growth of 4.9 percent.

Excluding energy and construction, industrial production gained 0.2 percent, data showed.

On a yearly basis, industrial production grew 0.7 percent, following a 1.7 percent rise in April.

News are provided by
InstaForex.

Read More https://ifxpr.com/44fEzA3

[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE SENTIX INVESTOR CONFIDENCE DUE



Investor confidence from Eurozone is the only major data due on Monday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland publishes industrial production data for May. Orders had dropped 2.4 percent annually in April.

At 2.00 am ET, consumer and producer price figures are due from Statistics Norway. Inflation is forecast to ease to 6.2 percent in June from 6.7 percent in May. Producer prices are forecast to plunge 36.4 percent annually.

At 2.30 am ET, the Hungarian Statistical Office releases foreign trade data for May. The trade surplus is expected to rise to EUR 446 million from EUR 366 million in April.

At 3.00 am ET, the Czech Statistical Office is set to release retail sales for May. At 4.30 am ET, Eurozone Sentix investor confidence data is due. The investor sentiment index is forecast to fall to -17.9 in July from -17.0 in June.

At 5.00 am ET, the Hellenic Statistical Authority is scheduled to issue Greece industrial production data for May.

News are provided by
InstaForex.

Read More https://ifxpr.com/3D3apUy

[IFX Gertrude]

UK JOBLESS RATE RISES TO 4.0%



The UK unemployment rate increased in three months to May, data released by the Office for National Statistics showed on Tuesday.

The ILO jobless rate rose to 4.0 percent in three months to May from 3.8 percent in the preceding period.

In June, the payrolled employment showed a monthly fall of 9,000 to 30.0 million.

In April to June, the number of vacancies decreased 85,000 sequentially to 1.03 million. This was the 12th consecutive decline.

Average earnings including bonus grew 6.9 percent in three months to May from the last year, slightly slower than economists' forecast of 6.8 percent.

Excluding bonuses, average earnings moved up 7.3 percent compared to the expected increase of 7.1 percent.

About 128,000 working days were lost because of labor disputes in May, marking the lowest since July 2022, data showed.

News are provided by
InstaForex.

News are provided by InstaForex

[IFX Gertrude]

SOUTH KOREA JOBLESS RATE RISES UNEXPECTEDLY TO 2.6%



South Korea's unemployment rate increased unexpectedly in June, though marginally, data from Statistics Korea showed on Wednesday.

The unemployment rate rose to a seasonally adjusted 2.6 percent in June from 2.5 percent in May. Meanwhile, economists had expected the rate to remain stable at 2.5 percent.

In the same month last year, the unemployment rate was 2.9 percent.

On an unadjusted basis, the jobless rate held steady at 2.7 percent at the end of the second quarter.

The number of unemployed people rose to 807,000 in June from 787,000 in the previous month.

At the same time, the number of employed people increased by 33,000 year-on-year to 28.812 million in June.

News are provided by
InstaForex.

Read More https://ifxpr.com/43nJ5ek

[IFX Gertrude]

U.S. DOLLAR FALLS AGAINST MAJORS



The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

The U.S. dollar fell to an 8-1/2 year low of 0.8651 against the Swiss franc and nearly a 2-month low of 138.07 against the yen, from yesterday's closing quotes of 0.8669 and 138.49, respectively.

Against the euro and the pound, the greenback dropped to near 1-1/2-year lows of 1.1149 and 1.3019 from yesterday's closing quotes of 1.1130 and 1.2987, respectively.

The greenback edged down to 1.3166 against the Canadian dollar, from Wednesday's closing value of 1.3186.

If the greenback extends its downtrend, it is likely to find support around 0.84 against the franc, 133.00 against the yen, 1.13 against the euro, 1.33 against the pound and 1.29 against the loonie.

News are provided by
InstaForex.

Read More https://ifxpr.com/3O7VUFj

[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE FOREIGN TRADE DATA DUE



Foreign trade from the euro area is the top economic news due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for June. Economists forecast wholesale prices to drop 1.2 percent annually after a 2.6 percent decrease in May.

In the meantime, consumer prices from Sweden and foreign trade data from Norway are due. Sweden's inflation is expected to slow to 9.1 percent in June from 9.7 percent in May.

Half an hour later, the Federal Statistical Office releases Swiss producer and import prices for June. Producer and import prices are forecast to fall 1.2 percent annually after easing 0.3 percent in May.

At 4.00 am ET, external trade data is due from Italy. The trade surplus is expected to rise to EUR 1.45 billion in May from EUR 0.3 billion in April.

At 5.00 am ET, Eurostat is scheduled to issue euro area foreign trade data for May. The trade deficit is seen at EUR 7.6 billion compared to a EUR 11.7 billion shortfall a month ago.

News are provided by
InstaForex.

Read More https://ifxpr.com/44E5Mfo

[IFX Gertrude]

AUSTRALIAN DOLLAR FALLS AGAINST MAJORS



The Australian dollar weakened against other major currencies in the Asian session on Monday.

The Australian dollar fell to a 5-day low of 1.6493 against the euro, from Friday's closing value of 1.6411.

Against the U.S. dollar and the yen, the aussie slipped to 4-day lows of 0.6806 and 94.36 from last week's closing quotes of 0.6836 and 94.86, respectively.

The aussie edged down to 0.9001 against the Canadian dollar, from last week's closing value of 0.9032.

Moving away from an early high of 1.0750 against the NZ dollar, the aussie slipped to 1.0724.

If the aussie extends its downtrend, it is likely to find support around 1.68 against the euro, 0.65 against the greenback, 91.00 against the yen, 0.88 against the loonie and 1.05 against the kiwi.

News are provided by
InstaForex.

Read More https://ifxpr.com/44LQ4yP

[IFX Gertrude]

BTC update for July 18,.2023 - Key support cluster on the test

Technical analysis:



BTC/USD has been trading downside and the key support cluster at the price of $30.000 is on the test. I see 2 scenarios that can be in the play.

In case of the rejection of the support zone at $29.600, I see potential for the rally towards upper extreme of the trading range at $31.400

In case of the downside breakout of the support zone at $29.600, I see potential for the further drop towards $28.000

News are provided by
InstaForex.

Read More https://ifxpr.com/44vJHQr