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Offline InstaForex Gertrude

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Re: Forex News from InstaForex
« Reply #570 on: June 20, 2019, 04:12:14 am »
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  • New Zealand GDP Expands 0.6% On Quarter In Q1



    New Zealand's gross domestic product grew a seasonally adjusted 0.6 percent on quarter in the first three months of 2019, Statistics New Zealand said on Thursday - matching forecasts and unchanged from the previous quarter.

    On an annualized yearly basis, GDP was up 2.5 percent - exceeding forecasts for an increase of 2.3 percent, which would have been unchanged.

    Activity in the goods-producing industries rose 2.0 percent in the March 2019 quarter. The growth was mainly driven by increased activity in the construction industry (up 3.7 percent), its largest increase since the September 2017 quarter. The rise in construction was reflected in investment in non-residential building (up 9.9 percent) and residential buildings (up 2.7 percent).

    Manufacturing activity rose 1.4 percent in the March 2019 quarter, after a 0.4 percent decline in the December 2018 quarter. Increased food, beverage, and tobacco manufacturing contributed strongly to the rise this quarter. There were also increases in metal product manufacturing; non-metallic mineral manufacturing; and petroleum, chemical, polymer, and rubber product manufacturing.

    Activity in the service industries rose 0.2 percent in the March 2019 quarter, the slowest growth rate since the September 2012 quarter. Of the 11 service industries, seven recorded growth.

    The main drivers of this quarter's growth were health care and social assistance (up 1.7 percent) and transport, postal, and warehousing (up 1.2 percent). Retail, accommodation, and restaurants fell 0.5 percent. Lower activity in accommodation and restaurants reflected a dip in visitor arrivals to New Zealand in February and March.

    Agriculture, forestry, and fishing production fell 2.3 percent in the March 2019 quarter, after a 0.3 percent fall in the December 2018 quarter. The fall in the latest quarter was due to unfavorable weather conditions. Agriculture (down 2.3 percent), forestry and logging (down 1.2 percent), and fishing (down 0.4 percent) all declined. This was offset by a rise in mining (up 9.6 percent), due to higher exploration activity along with an increase in oil and gas extraction.

    Household spending grew 0.5 percent in the March 2019 quarter, after a 1.0 percent rise in the December 2018 quarter. Growth was subdued this quarter due to lower spending on services (up 0.3 percent). This was the weakest growth in services expenditure since the December 2014 quarter. Spending on durable and non-durable goods increased 1.4 percent and 0.4 percent, respectively.

    Investment in fixed assets was up 2.4 percent in the March 2019 quarter. Higher construction activity was reflected in higher construction-related investment expenditure. Business investment (all investment less residential buildings) rose 1.9 percent.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #571 on: June 21, 2019, 06:55:52 am »
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  • European Economics Preview: Eurozone Flash PMI Data Due



    Flash Purchasing Managers' survey from euro area and public sector finance from the UK are due on Friday, headlining a light day for the European economic news.

    At 3.15 am ET, IHS Markit releases France's flash composite PMI data. Economists forecast the index to rise marginally to 51.3 in June from 51.2 in May. At 3.30 am ET, Germany's composite PMI data is due. The composite index is seen at 52.5 in June versus 52.6 a month ago.

    At 4.00 am ET, IHS Markit is slated to release PMI survey results for euro area. The composite PMI is forecast to rise to 52.0 in June from 51.8 in May.

    In the meantime, industrial output and producer price reports are due from Poland. Industrial production is seen rising 7.5 percent annually in May, following a 9.2 percent rise in April. Producer price inflation is expected to ease to 1.6 percent in May from 2.6 percent a month ago.

    At 4.30 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is expected to narrow to GBP 4.1 billion in May from GBP 5.8 billion in April.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #572 on: June 24, 2019, 04:23:18 am »
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  • European Economics Preview: Germany Ifo Business Confidence Data Due



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

    At 1.00 am ET, Statistics Finland releases producer prices for May. Prices had increased 0.1 percent on month in April.

    At 3.00 am ET, the Czech business confidence survey data is due for June. The business sentiment index had fallen to 12.7 in May from 15.1 in April.

    At 4.00 am ET, Germany's Ifo business sentiment survey results are due. Economists forecast the business confidence index to fall to 97.5 in June from 97.9 in May.

    The ifo current conditions index is seen at 100.8 versus 100.6 in May. Meanwhile, the expectations index is forecast to fall to 95.1 in June from 95.3 in May.

    In the meantime, retail sales data from Poland is due. Sales are forecast to expand 8.5 percent annually, following a 13.6 percent rise in April.

    At 5.00 am ET, Statistics Iceland is scheduled to issue monthly wage data for May.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #573 on: June 25, 2019, 05:00:47 am »
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  • Japan Producer Prices Rise 0.8% On Year In May



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

    Producer prices in Japan were up 0.8 percent on year in May, the Bank of Japan said on Tuesday.

    That was shy of expectations for an increase of 1.0 percent and down from the upwardly revised 1.0 percent gain in April (originally 0.9 percent).

    On a monthly basis, producer prices dipped 0.3 percent after easing 0.1 percent in the previous month.

    Individually, prices were down for communications, transportation, advertising and maintenance, while prices were up for real estate. Finance was roughly flat.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #574 on: June 26, 2019, 05:10:21 am »
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  • European Economics Preview: Germany GfK Consumer Sentiment Data Due



    Consumer confidence from Germany is due on Wednesday, headlining a light day for the European economic news.

    At 2.00 am ET, Germany's GfK consumer confidence survey results are due. The forward-looking consumer confidence index is seen falling slightly to 10.0 in July from 10.1 in June.

    In the meantime, Norway labor force survey data is due. The jobless rate is seen unchanged at 3.5 percent in April.

    At 2.45 am ET, France's statistical office Insee publishes consumer confidence survey data. The index is expected to rise marginally to 100 in June from 99 in May.

    At 4.00 am ET, unemployment data is due from Poland. The jobless rate is expected to fall to 5.4 percent in May from 5.6 percent in April.

    At 5.00 am ET, Statistics Iceland releases consumer price inflation data for June.

    At 5.15 am ET, Bank of England Governor Mark Carney, policymakers Jon Cunliffe, Silvana Tenreyro and Michael Saunders are set to answer questions at the Treasury Select Committee.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #575 on: June 27, 2019, 02:44:09 am »
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  • Japan Retail Sales Rise 0.3% In May



    Retail sales in Japan were up a seasonally adjusted 0.3 percent on month in May, the Ministry of Economy, Trade and Industry said on Thursday - shy of expectations for a gain of 0.6 percent following the downwardly revised 0.1 percent drop in April (originally flat).

    On a yearly basis, retail sales were up 1.2 percent - in line with expectations and up from the downwardly revised 0.4 percent increase in the previous month (originally 0.5 percent).

    Large retailer sales were down 0.5 percent on year, missing forecasts for a gain of 0.2 percent following the 1.8 percent drop a month earlier.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #576 on: June 28, 2019, 04:48:36 am »
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  • New Zealand Consumer Sentiment Strengthens In June



    New Zealand consumer confidence strengthened in June after falling a month ago, survey data from ANZ-Roy Morgan showed on Friday.

    The consumer confidence index rose to 122.6 in June from 119.3 in May. The score rose to a bit above its historical average.

    The current conditions index rose 2 points to 128, and the future conditions index gained 4 points to 119.

    Consumers' perceptions of their current financial situation lifted 5 points to a net 15 percent assessing financially better off than a year ago. A net 29 percent of consumers expect to be better off financially this time next year, which was up 6 points. However, the proportion of households who think it's a good time to buy a major household item fell 3 points to 40 percent.

    Perceptions regarding the next year's economic outlook lifted 5 points to 12 percent and the five-year outlook rose 2 points to +16 percent. Inflation expectations among consumers advanced to 4.0 percent in June from 3.6 percent in May.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #577 on: July 02, 2019, 12:55:09 am »
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  • Japan Monetary Base Jumps 4.0% In June



    The monetary base in Japan was up 4.0 percent on year in June, the Bank of Japan said on Tuesday - coming in at 512.991 trillion yen.

    That follows the 3.6 percent increase in May.

    Banknotes in circulation were up an annual 3.1 percent, while coins in circulation advanced 2.3 percent. Current account balances climbed 4.2 percent, including a 3.8 percent increase in reserve balances.

    The adjusted monetary base jumped an annual 7.2 percent to 510.159 trillion yen.

    For the second quarter of 2019, the monetary base was up 3.6 percent on year.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #578 on: July 03, 2019, 05:40:02 am »
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  • China's Private Sector Expands Marginally In June



    China's private sector expanded marginally in June despite contraction in manufacturing, survey data from IHS Markit showed Wednesday.

    The Caixin composite output index fell to 50.6 in June from 51.5 in May. However, a score above 50 indicates expansion. The reading signaled the weakest growth since last October.

    The services Purchasing Managers' Index dropped more-than-expected to 52.0 in June from 52.7 in the previous month. The expected reading was 52.6.

    "The conflict between China and the U.S. impacted business confidence rather heavily," Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group said. "Although its impact on exports hasn't been fully reflected in the short-run, the longerterm situation doesn't look optimistic. Future government policies to stabilize economic growth are likely to focus on new types of infrastructure, consumption and high-quality manufacturing."

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #579 on: July 04, 2019, 03:52:38 am »
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  • The pressure of easy politics is too heavy; Swedish krona as an exception



    More and more currencies fall under the pressure of the "dovish" tone of the world central banks, although the Swedish krona stands out against this background, having strengthened to a 2.5 month high against the euro after the local central bank announced that it plans to tighten the policy by early 2020. However, the focus remains on another currency - the pound - which fell on Tuesday along with the yields of British government bonds. The yield on 10-year securities fell below the main discount rate of the Bank of England for the first time since the 2008 crisis, after the markets interpreted the comments of the Bank of England CEO Mark Carney as dovish. The sterling lost 0.2%, updating its two-week low.



    "The two main driving forces today are the yen, which is considered a safe haven, and it has returned to growth, and the pound, which continues to decline," said Colin Asher, senior economist at Mizuho. The yen rose by 0.23% against the dollar and is trading at 107.6 yen, as investors are more skeptical about the possibility of an early end to the trade war, especially given the comments of US President Donald Trump that any transaction should be in favor of the US. Currencies will continue to contain signs that more and more central banks are adjusting to easing monetary policy in order to combat a slowdown in economic growth. The dovish tone of central banks reduces profitability across the board.



    The latest figures show that weakness in the manufacturing sector is beginning to spread to the service sector, it is alarming, and it gives the green light to central banks to soften policies. And so far only the Swedish central bank has adhered to a policy of tightening policy by the end of this year or the beginning of next year amid steady inflation and good economic prospects. The Swedish krona has updated a 2.5-month high against the euro and is growing against the dollar.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #580 on: July 05, 2019, 03:55:43 am »
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  • Philippines Inflation Lowest Since 2017



    Philippines inflation reached its lowest level in nearly two years in June, the Philippine Statistics Authority showed Friday.

    Consumer price inflation eased to 2.7 percent from 3.2 percent in May. In the same period last year, the rate was 5.2 percent. Inflation was forecast to slow moderately to 2.8 percent.

    The June inflation was the weakest since September 2017.

    Excluding selected food and energy items, core inflation came in at 3.3 percent in June versus 3.5 percent a month ago.

    Food prices advanced at a slower pace of 2.6 percent annually and education cost declined 4.5 percent. Meanwhile, higher rate were registered in the indices of health, recreation and culture, by 3.7 percent and 3.2 percent, respectively.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #581 on: July 05, 2019, 03:56:18 am »
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  • Philippines Inflation Lowest Since 2017



    Philippines inflation reached its lowest level in nearly two years in June, the Philippine Statistics Authority showed Friday.

    Consumer price inflation eased to 2.7 percent from 3.2 percent in May. In the same period last year, the rate was 5.2 percent. Inflation was forecast to slow moderately to 2.8 percent.

    The June inflation was the weakest since September 2017.

    Excluding selected food and energy items, core inflation came in at 3.3 percent in June versus 3.5 percent a month ago.

    Food prices advanced at a slower pace of 2.6 percent annually and education cost declined 4.5 percent. Meanwhile, higher rate were registered in the indices of health, recreation and culture, by 3.7 percent and 3.2 percent, respectively.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #582 on: July 08, 2019, 04:50:26 am »
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  • China's Forex Reserves Increase In June



    China's foreign exchange reserves increased marginally in June, data from the People's Bank of China showed on Monday.

    Foreign exchange reserves rose by $18.2 billion to $3.119 trillion at the end of June from $3.101 trillion at the end of May. The forex reserves stayed slightly above the expected level of $3.110 trillion.

    The increase was driven by currency conversion rates and higher international financial asset prices in June, the State Administration of Foreign Exchange said after the central bank released data.

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    Re: Forex News from InstaForex
    « Reply #583 on: July 09, 2019, 05:02:15 am »
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  • Japan M2 Money Stock Rises 2.3% On Year In June



    The M2 money stock in Japan was up 2.3 percent on year in June, the Bank of Japan said on Tuesday - coming in at 1,029.6 trillion yen.

    That was shy of expectations for a gain of 2.6 percent, which would have been unchanged from the May reading following a downward revision from 2.7 percent.

    The M3 money stock was up an annual 2.0 percent to 1,362.4 trillion yen - again missing forecasts for 2.3 percent, which also would have been unchanged from the previous month.

    The L money stock gained an annual 1.7 percent to 1,807.7 trillion yen, slowing from 1.8 percent a month earlier.

    For the second quarter of 2019, M2 was up 2.5 percent on year, M3 rose 2.1 percent and L was up 1.8 percent.

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    Re: Forex News from InstaForex
    « Reply #584 on: July 10, 2019, 04:21:32 am »
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  • China CPI Steady At 2.7% On Year In June



    Consumer prices in China were up 2.7 percent on year in June, the National Bureau of Statistics said on Wednesday - in line with expectations and unchanged from the May reading.

    On a monthly basis, consumer prices were down 0.1 percent following the flat reading a month earlier.

    The bureau also said that producer prices were flat on year in June. That was shy of expectations for an increase of 0.2 percent and down from 0.6 percent in the previous month.

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