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Offline InstaForex Gertrude

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Re: Forex News from InstaForex
« Reply #510 on: March 05, 2019, 02:36:01 am »
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  • Australia Has A$7.2 Billion Current Account Deficit In Q4

    Australia had a seasonally adjusted current account deficit of A$7.2 billion in the fourth quarter of 2018, the Australian Bureau of Statistics said on Tuesday.

    That exceeded expectations for a shortfall of A$9.1 billion following the A$10.7 billion deficit in the three months prior.

    The surplus on goods and services fell A$781 million from A$2.022 billion in the third quarter to A$1.241 billion in the fourth quarter.

    Net exports of gross domestic product fell 0.2 percent versus expectations for a fall of 0.1 percent following the 0.4 percent gain in Q3.

    Australia's net IIP liability position was A$975.7 billion at 31 December 2018, an increase of A$36.5 billion on the revised 30 September 2018 position of A$939.1 billion.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #511 on: March 06, 2019, 05:34:47 am »
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  • Australia Q4 GDP Advances 0.2% On Quarter

    Australia's gross domestic product added a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Wednesday.

    That was shy of expectations for an increase of 0.5 percent following the 0.3 percent gain in the three months prior.

    On an annualized basis, GSP was up 2.3 percent - again missing forecasts for 2.6 percent and down from 2.8 percent in the previous quarter.

    "Growth in the economy was subdued, reflecting soft household spending and a decline in dwelling investment," ABS Chief Economist Bruce Hockman said. "The approvals for dwelling construction indicate that the decline in dwelling investment will continue."

    Household spending grew 0.4 percent, reflecting a continuation of modest spending in recent quarters. Investment in dwellings fell 3.4 percent.

    Falls in private investment dampened growth in the quarter. This was consistent with the decline in construction industry value added, falling 1.9 percent. Services industries supporting construction activity detracted from growth with professional scientific and technical services industry value added declining for the first time in three years.

    Mining investment fell in the quarter as significant projects transitioned from the construction to the production phase. This is reflected in oil and gas production, which grew 7.7 percent.

    Public demand sustained growth in the quarter. Public investment remained at high levels with State and Local government growth of 6.3 per cent reflecting continued work on a number of large infrastructure projects.

    Government final consumption expenditure grew 1.8 percent, with ongoing expenditure in health, aged care and disability services. This investment translates to ongoing strength from the healthcare industry, which remains the largest contributor to economic growth.

    Terms of trade rose 3.1 percent.

    "As the economy transitions out of the mining boom, investment has remained strong with major public works driving growth around Australia," Hockman said.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #512 on: March 07, 2019, 05:12:11 am »
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  • Australia January Trade Surplus A$4.549 Billion

    Australia posted a seasonally adjusted merchandise trade surplus of A$4.549 billion in January, the Australian Bureau of Statistics said on Thursday.

    That exceeded expectations for a surplus of A$2.90 billion and was up A$780 million from the upwardly revised A$3.769 billion surplus in December (originally A$3.681 billion).

    Exports were up 5.0 percent on month or A$1.901 billion to A$39.937 billion in January from A$38.036 billion in the previous month.

    Non-monetary gold rose A$1.373 billion, while non-rural goods rose A$396 million (2 percent) and rural goods rose A$97 million (2 percent).

    Net exports of goods under merchanting fell A$12 million (33 percent) and services credits rose A$46 million (1 percent).

    Imports picked up 3.0 percent or A$1.121 billion to A$35.388 billion from A$34.267 billion a month earlier.

    Capital goods rose A$737 million (12 percent), while consumption goods rose A$483 million (6 percent) and intermediate and other merchandise goods rose A$157 million (1 percent).

    Non-monetary gold fell $65 million (13 percent) and services debits fell A$191 million (2 percent).

    Also on Thursday: .

    The ABS said that the total value of retail sales in Australia was up a seasonally adjusted 0.1 percent on month in January, coming in at A$27.018 billion. That was shy of expectations for a gain of 0.3 percent following the 0.4 percent decline in December.

    Individually, there were gains in food retailing (0.3 percent), cafes, restaurants and takeaway food services (0.2 percent), and clothing, footwear and personal accessories retailing (0.1 percent). Other retailing (0.0 percent) was relatively unchanged, while household goods retailing (-0.2 percent), and department stores (-0.4 percent) fell in January. .   

    The construction sector in Australia continued to contract in February, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 43.8.

    That's up from 43.1 in January, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction.

    In all, the sector has been in contraction for six straight months.

    Individually, activity, employment, new orders, supplier deliveries and selling prices were all firmly in contraction. Input prices and average wages continued to expand, although at a slower rate.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #513 on: March 08, 2019, 05:02:06 am »
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  • ECB maintains super-soft monetary policy

    The European Central Bank (ECB) has postponed the interest rate hike for an indefinite period, which means that the slowdown in economic growth in the eurozone has surpassed the calculations of experts.

    According to the ECB, the interest rate will remain unchanged until the end of 2019, the previous forecast assumed it would maintain the current rate until September 2019. Since March 2016, the ECB's key refinancing rate is zero.

    The ECB's previous forecast assumed an interest rate increase at any time from September 2019. However, after the publication of the economic indicators of Germany and Italy for the fourth quarter of 2018 and weak results at the beginning of the current year, tightening monetary policy seems to be a premature measure.

    The problem is that the ECB Chairman Mario Draghi is trying to complete the program of ultra-soft monetary policy, which for the last ten years has supported the project of the single European currency. On the other hand, the European regulator needs to take measures to resume the region's slowing economic growth.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #514 on: March 11, 2019, 04:51:17 am »
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  • Japan M2 Money Stock Climbs 2.4% On Year In February

    The M2 money stock in Japan was up 2.4 percent on year in February, the Bank of Japan said on Monday - coming in at 1,010.1 trillion yen.

    That was in line with expectations and up from the downwardly revised 2.3 percent in January (originally 2.4 percent).

    The M3 money stock was up an annual 2.1 percent for the fourth straight month, matching expectations at 1,343.1 trillion yen.

    The L money stock was up 2.1 percent on year at 1,789.5 trillion yen, accelerating from the 1.9 percent gain in the previous month.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #515 on: March 12, 2019, 05:13:46 am »
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  • What is waiting for the dollar this week, and what data should be considered carefully

    This week, the dollar started, almost came close to a three-month high, as investors continued to give preference to the greenback amid fears of global growth. The dollar index against a basket of six major currencies grew by 0.1 percent, to 97.412 points, just this year the figure rose 1.3 percent. There is no good news for the euro. Last week, the euro currency fell to its weakest level since June 2017, after officials at the European Central Bank changed their hawkish tone to dovish. After the bank significantly reduced its forecast for growth in the eurozone, and also because of weaker-than-expected Chinese export and import data, concerns about the weakness of the global economy are resuming. This instantly puts pressure on the euro and other currencies, except the dollar, which is relatively strong as long as the US economy maintains its pace.

    However, there are also alarming signals: employment growth almost stopped in February, as the world's largest economy created only 20,000 jobs, which is much less than what analysts expected. But traders also found positive news, the employment rate in the US fell below 4 percent, and the average hourly wage increased by 0.4 percent, which will help reduce the dollar's loss.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #516 on: March 13, 2019, 04:58:33 am »
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  • Japan January Core Machine Orders Plunge 5.4%

    The total value of core machine orders in Japan dropped a seasonally adjusted 5.4 percent in January, the Cabinet Office said on Wednesday - coming in at 822.3 billion yen.

    That missed expectations for a decline of 1.5 percent following the downwardly revised 0.3 percent fall in December (originally -0.1 percent).

    On a yearly basis, core machine orders sank 2.9 percent - again shy of expectations for a fall of 2.1 percent following the 0.9 percent gain in the previous month.

    Manufacturing orders fell 1.9 percent on month and 7.5 percent on year, while non-manufacturing orders tumbled 8.0 percent on month and added 1.0 percent on year.

    Government orders rose 2.7 percent on month and 6.2 percent on year, while orders from overseas plummeted 18.1 percent on month and 22.7 percent on year and orders through agencies fell 1.3 percent on month and gained 6.5 percent on year.

    The total value of machinery orders received by 280 manufacturers operating in Japan tumbled 7.9 percent on month.

    Also on Wednesday, the Bank of Japan said that producer prices in Japan were up 0.2 percent on month in February. That exceeded expectations for an increase of 0.1 percent following the 0.6 percent decline in January.

    On a yearly basis, producer prices climbed 0.8 percent - again exceeding expectations for a gain of 0.7 percent and up from 0.6 percent in the previous month.

    Export prices were up 0.6 percent on month and down 1.7 percent on year in February, the bank said, while import prices gained 1.1 percent on month and fell 0.7 percent on year.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #517 on: March 14, 2019, 05:39:42 am »
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  • When is May's resignation and what is the Bank of England's opinion?

    The pound continues to be the most dynamic asset of the foreign exchange market. Moreover, now traders are preparing for the growth of currency fluctuations before the next stages of Brexit. So, it is unlikely that anyone expected the British MPs to support Theresa May's deal on Tuesday. Today, few expect that the Parliament will decide to leave the European Union without a deal. The third round of voting is still on Thursday. The question of whether to extend Article 50 will be considered, and it seems very likely that there is no alternative to this solution.

    It is peculiar what the MPs expect after postponing the deadline for the exit. European officials have clearly expressed their position: there will be no more concessions - neither on the Irish back-stop, nor on any other issues. Many hope that, faced with such a defeat, England will reject the idea of withdrawing from the union or hold a repeated referendum.

    By the way, Theresa May even created the prerequisites for this. Here's how she commented on the disastrous vote on Tuesday:

    "The European Union will want to know why we want to postpone the deadline. The House will have to answer this question: do we want to suspend the operation of Article 50, to hold a second referendum, or to conclude a deal different from the current one".

    Despite May's next fiasco, ther sterling was able to stay afloat and did not sink to the bottom. After a short fall, it remained above $1.30. It seems that market participants expect to get more time, even if it has to prepare an exit without a deal.

    However, the question regarding the British prime minister's ability to provide for the country's exit conditions, under which it will retain access to the single European market and customs union, is again a big question. Therefore, in the coming days, the general political uncertainty may be aggravated by the possibility, but real, resignation of Theresa May. In this regard, investors will look to selling the GBPUSD pair.

    Bank of England Position

    The Bank of England ordered financial companies to accumulate excess liquidity and launched a mechanism for mutual exchange of currencies to provide access to foreign currency if the need arises. A very prudent step, and precisely for this reason, members of a committee of the Bank of England made it clear that they could vote for lower rates if the country exited the EU without a deal. Thus, they intend to give the economy an opportunity to cope with the crisis.

    The official position of the central bank is that the rates can not only decrease, but also rise with the rigid performance of Brexit. However, a more likely scenario, according to Mark Carney, would be a decline. He also warned that a "hard divorce" with the EU would have a strong inflationary impact due to the potential collapse of the sterling.

    Artificial Intelligence Opinion
    Investors are now hoping and betting quotes for the pound, a scenario of prolongation of Article 50 of the Lisbon Treaty, while they underestimate the risk of a "hard" Brexit. According to forecasts of a hedge fund created by former JPMorgan traders and using artificial intelligence, the pound is waiting for a deep fall due to an exit without a deal. According to the base scenario of traders, the sterling will first collapse and then begin to recover.

    Britain will withdraw from the EU without a "default" deal, since "neither side will be able to agree on something," the fund representatives wrote.

    "The longer the government postpones its decision, the more hope for the possibility of holding another referendum will increase among market players, reinforcing the view that Brexit can be canceled," the forecast also says.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #518 on: March 19, 2019, 05:07:45 am »
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  • Australia House Price Index Sinks 2.4% In Q4

    House prices in Australia were down 2.4 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Tuesday - coming in at A$6.677 trillion.

    That missed expectations for a fall of 2.0 percent following the 1.5 percent decline in the three months prior.

    The capital city residential property price indexes fell in Sydney (-3.7 percent), Melbourne (-2.4 percent), Brisbane (-1.1 percent), Perth (-1.0 percent), Canberra (-0.2 percent) and Darwin (-0.6 percent) and rose in Hobart (+0.7 percent) and Adelaide (+0.1 percent) on a quarterly basis.

    On a yearly basis, house prices sank 5.1 percent - again missing forecasts for a drop of 5.0 percent following the 1.9 percent contraction in the previous three months.

    Annually, residential property prices fell in Sydney (-7.8 percent), Melbourne (-6.4 percent), Darwin (-3.5 percent), Perth (-2.5 percent) and Brisbane (-0.3 percent) and rose in Hobart (+9.6 percent), Canberra (+1.8 percent) and Adelaide (+1.5 percent).

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #519 on: March 20, 2019, 07:26:51 am »
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  • Euro Mixed Ahead Of German PPI

    Destatis will release German producer prices for February at 3:00 am ET Wednesday.

    Ahead of the data, the euro traded mixed against its major counterparts. While the euro held steady against the greenback and the yen, it rose against the pound. Against the franc, it fell.

    The euro was worth 126.61 against the yen, 1.1342 against the franc, 0.8560 against the pound and 1.1347 against the greenback as of 2:55 am ET.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #520 on: March 21, 2019, 05:13:04 am »
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  • Australia Jobless Rate Sinks To 4.9% In February

    The unemployment rate in Australia came in at a seasonally adjusted 4.9 percent in February, the Australian Bureau of Statistics said on Thursday - beneath expectations for 5.0 percent, which would have been unchanged from the January reading.

    The Australian economy added 4,600 jobs in February, shy of forecasts for the addition of 15,000 jobs following the gain of 38,300 jobs in the previous month.

    The participation rate was 65.6 percent, below expectations for 65.7 - which would have been unchanged from a month prior.

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    Offline InstaForex Gertrude

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    Re: Forex News from InstaForex
    « Reply #521 on: Yesterday at 05:06:01 am »
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  • Japan Manufacturing PMI Unchanged At 48.9 In March - Nikkei

    The manufacturing sector in Japan continued to contract at a steady pace, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 48.9.

    That's unchanged from the February reading and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

    Individually, there were further production cutbacks amid weaker new order inflows, while business confidence remained below the long-term average.

    "Further struggles for Japanese manufacturers were apparent at the end of Q1, with latest flash PMI data showing a sustained downturn. Slack demand from domestic and international markets prompted the sharpest cutback in output volumes for almost three years," said IHS Economist Joe Hayes.

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