Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jul 22, 2021 1:06 am

INDONESIA INTEREST RATE DECISION DUE ON THURSDAY

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The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.

The central bank is expected to keep its benchmark lending rate unchanged at 3.50 percent, its deposit facility rate steady at 2.75 percent and its lending facility rate unchanged at 4.25 percent.

Taiwan will release June figures for unemployment; in May, the jobless rate was 4.14 percent

Hong Kong will see June numbers for consumer prices; in May, the annual inflation rate was 1.0 percent.

Thailand will provide June figures for imports, exports and trade balance. In May, imports were up 63.54 percent on year and exports jumped an annual 41.59 percent for a trade surplus of $0.8 billion.

Finally, the markets in Japan are closed Thursday (Marine Day) and Friday (Sports Day) and will re-open on Monday.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Jul 23, 2021 1:58 am

UK CONSUMER SENTIMENT IMPROVES IN JULY: GFK

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UK consumer sentiment strengthened more-than-expected in July to reach ahead of its March 2020 pre-lockdown level, survey data from the market research group GfK showed on Friday.

The consumer sentiment index rose to -7 in July from -9 in the previous month. The expected reading was -8.

"This means it has now held firm or improved for six months in a row," Joe Staton, client strategy director GfK, said. "What happens across the remaining summer months will frame consumer confidence for the rest of 2021 and beyond," Staton added.

Among components of the consumer sentiment index, two measures were up in comparison to June, two measures were down and one stayed the same in July.

The assessment of the past personal financial situation fell to -1 from zero in June, while the outlook for the personal financial situation held steady at 11.

Consumers' view about the past general economic situation climbed to -43 from -47, while expectations for the general economic conditions worsened to -5 from -2.

At the same time, the major purchase index rose to +2 from -5 a month ago.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jul 26, 2021 4:02 am

TURKEY MANUFACTURING CAPACITY UTILIZATION RISES IN JULY

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Turkey's manufacturing capacity utilization rate rose in July, figures from the Turkish central bank showed on Monday.

The capacity utilization rate rose to 76.7 percent in July from 76.6 percent in June.

On a seasonally adjusted basis, the capacity utilization rate increased to 76.4 percent in July from 76.3 percent in the prior month.

Separate data from the central bank showed that the manufacturing confidence index rose to 114.8 in July from 113.0 in June.

The seasonally adjusted manufacturing confidence index increased to 112.1 in July from 109.8 in the previous month.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jul 27, 2021 2:43 am

SOUTH KOREA GDP CLIMBS 0.7% ON QUARTER IN Q2

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South Korea's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the second quarter of 2021, the Bank of Korea said in Tuesday's advance estimate.

That was in line with expectations following the 1.7 percent growth in the previous three months.

On an annualized basis, GDP was up 5.9 percent - just shy or forecasts for an increase of 6.0 percent but up from 1.9 percent in the three months prior.

Real gross domestic income (GDI) decreased by 0.6 percent compared to the previous quarter.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jul 28, 2021 1:39 am

AUSTRALIA INFLATION DATA DUE ON WEDNESDAY

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Australia will on Wednesday see Q2 figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity.

Overall inflation is expected to rise 0.7 percent on quarter and 3.8 percent on year after gaining 0.6 percent on quarter and 1.1 percent on year in the three months prior.

The RBA's trimmed mean is called higher by 0.5 percent on quarter and 1.6 percent on year, accelerating from 0.3 percent on quarter and 1.1 percent in year in Q1. The RBA's weighted median is tipped to rise 0.5 percent on quarter and 1.7 percent on year, up from 0.4 percent on quarter and 1.3 percent on year in Q1.

Japan will see final May results for its leading and coincident indexes; the previous readings were 103.8 and 95.3, respectively.

Thailand will provide June numbers for industrial production, with forecasts suggesting an increase of 18.75 percent following the 25.84 percent spike in May.

Finally, the markets in Thailand are closed on Wednesday in observance of King Maha's Birthday; they will re-open on Thursday.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jul 29, 2021 1:40 am

AUSTRALIA EXPORT PRICES SPIKE 13.2% ON QUARTER IN Q2

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Export prices in Australia were up 13.2 percent on quarter in the second quarter of 2021, the Australian Bureau of Statistics said on Thursday - accelerating from 11.2 percent in the previous three months.

On a yearly basis, export prices surged 26.0 percent.

The main contributors to the rise were: metalliferous ores and metal scrap (+18.5 percent), driven by the demand for iron ore from China and constrained global supply; coal, coke and briquettes (+15.6 percent), reflecting the demand for thermal coal for household power production in Asia; and gas, natural and manufactured (+14.6 percent), due to the oil-linked contracts capturing the continued rise in oil prices in early 2021.

Import prices rose 1.9 percent on quarter and fell 2.5 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Fri Jul 30, 2021 1:42 am

JAPAN INDUSTRIAL OUTPUT JUMPS 6.2% IN JUNE

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Industrial production in Japan was up a seasonally adjusted 6.2 percent on month in June, the Ministry of Economy, Trade and Industry said on Friday.

That beat expectations for an increase of 5.0 percent following the downwardly revised 6.5 percent contraction in May (originally -5.9 percent). On a yearly basis, industrial production spiked 22.6 percent - roughly in line with expectations following the 21.1 percent gain in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it is picking up.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Aug 02, 2021 2:31 am

JAPAN CONSUMER CONFIDENCE HIGHEST IN 17 MONTHS

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Japan's consumer confidence rose to the highest level in seventeen months in July, data from the Cabinet Office showed on Monday.

On a seasonally adjusted basis, the consumer confidence index increased to 37.5 in July from 37.4 in June.

The latest index was the highest since February last year, when it was 38.4.

Among the four sub-indexes of the consumer confidence index, the index for overall livelihood rose to 39.0 in July. The indicators measuring the income growth increased to 37.9 and employment grew to 35.1.

Meanwhile, the index reflecting households' willingness to buy durable consumer goods fell to 37.8.

The latest survey was conducted on July 15 among 8,400 households.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Aug 03, 2021 1:41 am

EUROPEAN ECONOMICS PREVIEW: SPAIN UNEMPLOYMENT DATA DUE

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Unemployment from Spain and producer prices from euro area are due on Tuesday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's monthly unemployment data for July is due from the labor ministry. Unemployment declined by a record 166,911 in June.

In the meantime, the Swiss State Secretariat for Economic Affairs is set to issue quarterly consumer confidence survey results.

Also, consumer and producer prices are due from Turkey. Inflation is forecast to climb further to 18.50 percent in July from 17.53 percent in June.

At 5.00 am ET, Eurostat is set to issue euro area producer prices for June. Economists expect producer price inflation to rise to 10.3 percent from 9.6 percent in May.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Aug 04, 2021 1:32 am

HONG KONG PRIVATE SECTOR PMI EASES TO 51.3 - MARKIT

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The private sector in Hong Kong continued to expand in July, albeit at a slower pace, the latest survey from Markit Economics revealed on Wednesday with a PMI score of 51.3.

That's down from 51.4, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The Output and New Orders indices both expanded in July, signaling the fourth consecutive month of growth across both gauges. Rates of expansion also improved in July with panelists noting better economic and consumer confidence, given the control of the COVID-19 virus, driving the increase in activity.

Foreign demand for Hong Kong SAR private sector goods and services however eased for a second straight month and at a faster pace compared to June.

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