Forex News from InstaForex

JAPAN TERTIARY ACTIVITY FALLS IN MAY

Japan's tertiary activity declined for the second straight month in May, data from the Ministry of Economy, Trade and Industry showed on Thursday.

The tertiary activity index fell 2.7 percent month-on-month in May, following a 0.8 percent decrease in April.

Among the individual components, medical, health care and welfare, living and amusement-related services, wholesale trade, information and communications, transport and postal activities, finance and insurance, retail trade, and goods rental and leasing declined in May.

Meanwhile, business-related services, real estate, flat industry, and electricity, gas, heat supply and water increased.

On a yearly basis, tertiary activity increased 10.3 percent in May, following a 9.9 percent rise in the previous month.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: EUROZONE FINAL INFLATION DATA DUE

Final consumer prices and foreign trade figures from the euro area are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers' Association is set to release new car registrations data for June.

At 3.00 am ET, harmonized consumer price figures are due from Austria and Slovakia.

At 4.00 am ET, Italy's Istat publishes external trade data for May.

At 5.00 am ET, Eurostat is scheduled to issue euro area final consumer prices and foreign trade figures. According to flash estimate, inflation eased to 1.9 percent in June from 2 percent in the previous month.

News are provided by InstaForex
 
NEW ZEALAND SERVICES INDEX DATA DUE ON MONDAY

New Zealand will on Monday see June results for the Performance of Services Index from BusinessNZ, highlighting an exceptionally light day for Asia-Pacific economic activity.

In May, the index score was 56.1 - well above the boom-or-bust line of 50 that separates expansion from contraction.

News are provided by InstaForex
 
JAPAN OVERALL INFLATION CLIMBS 0.2% ON YEAR IN JUNE

Overall consumer prices in Japan were up 0.2 percent on year in June, the Ministry of Internal Affairs and Communications said on Tuesday.

That was in line with expectations following the 0.1 percent decline in May.

Core consumer prices, which exclude volatile food prices, also gained an annual 0.2 percent. That too matched estimates following the 0.1 percent increase in the previous month.

Individually, prices were higher for food, housing, fuel, furniture, clothing, education and recreation; they were lower for medical care and transportation.

On a seasonally adjusted monthly basis, overall inflation was up 0.3 percent and core consumer prices rose 0.1 percent.

News are provided by InstaForex
 
SOUTH KOREA PRODUCER PRICES JUMP 6.4% ON YEAR IN JUNE

Producer prices in South Korea jumped 6.4 percent on year in June, the Bank of Korea said on Wednesday - slowing from 6.6 percent in May.

Individually, prices for agriculture, forestry and marine products rose 10.7 percent on year, while manufacturing products were up 10.8 percent, utilities fell 3.1 percent and services gained 2.3 percent.

On a monthly basis, producer prices added 0.4 percent - down from 0.5 percent in the previous month.

Individually, prices for agriculture, forestry and marine products rose 0.3 percent on month, while manufacturing products were up 0.6 percent, utilities rose 0.3 percent and services gained 0.2 percent.

News are provided by InstaForex
 
INDONESIA INTEREST RATE DECISION DUE ON THURSDAY

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.

News are provided by InstaForex
 
UK CONSUMER SENTIMENT IMPROVES IN JULY: GFK

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.

News are provided by InstaForex
 
JAPAN LARGE COMPANIES' BUSINESS SENTIMENT TURNS POSITIVE

Confidence among Japanese larger companies turned positive in the third quarter, survey data from the Ministry of Finance showed on Monday.

The Business Survey Index, or BSI, of larger companies climbed to +3.3 in the September quarter from -4.7 in the June quarter.

The confidence index for the fourth quarter is forecast to rise to 6.8.

The confidence index of manufacturers came in at 7.0 versus -1.4 a quarter ago. Likewise, sentiment among non-manufacturers improved to 1.5 from -6.2 in the third quarter.

News are provided by InstaForex
 
SOUTH KOREA EXPORT PRICES JUMP 18.6% ON YEAR

Export prices in South Korea were up 18.6 percent on year in August, the Bank of Korea said on Tuesday - following the 17.4 percent increase in July.

Export prices for manufacturing products advanced 18.6 percent on year and export prices for agricultural, forestry and marine products gained 9.6 percent.

Import prices jumped an annual 21.6 percent, up from 19.5 percent in the previous month.

On a monthly basis, export prices rose 1.0 percent and import prices gained 0.6 percent.

News are provided by InstaForex
 
POUND FIRMS AFTER U.K. CPI, PPI

At 2.00 am ET Wednesday, the Office for National Statistics has published UK consumer and producer price data for August.

The pound rose further against its major counterparts after the data. The pound was trading at 1.3820 against the greenback, 151.43 against the yen, 1.2714 against the franc and 0.8544 against the euro around 2:02 am ET.

News are provided by InstaForex
 
DUTCH JOBLESS RATE RISES IN AUGUST

The Dutch jobless rate rose marginally in August, data from the Central Bureau of Statistics showed on Thursday.

The ILO jobless rate for the 15-75 year old age group fell a seasonally adjusted 3.2 percent in August from 3.1 percent in July.

The number of unemployed persons rose to 301,000 in August from 289,000 in the preceding month, the agency said.

The unemployment rate among youth aged between 15 and 24 years, increased to 7.4 percent in August from 7.3 percent in the previous month.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: UK RETAIL SALES DATA DUE

Retail sales data from the UK is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics is scheduled to issue UK retail sales data for August. Sales are forecast to grow 0.5 percent from July, when the volume was down 2.5 percent.

At 3.00 am ET, August consumer price data is due from Austria. Consumer prices were up 2.9 percent annually in July.

At 4.00 am ET, the European Central Bank publishes euro area current account data for July. In the meantime, corporate sector wages data is due from Poland.

At 4.30 am ET, the Bank of England/Kantar Inflation Attitudes Survey results are due.

At 5.00 am ET, Eurostat is set to release euro area final consumer price data. Inflation is seen at 3 percent in August, unchanged from the preliminary estimate, but up from 2.2 percent in July.

News are provided by InstaForex
 
To make money from the Forex market trader should always follow updated news and yes obviously they should use reliable sources. For example, FreshForex broker is now offering advanced-level education tutorials so they can check it out.

G8BzNEb.png
 
NEW ZEALAND SERVICES INDEX DATA DUE ON MONDAY

New Zealand will on Monday see August results for the Performance of Services Index from BusinessNZ, headlining a light day for Asia-Pacific economic activity. In July, the index score was 57.9.

Hong Kong will release August figures for consumer prices; in July, inflation was up 3.7 percent on year.

Finally, the markets are closed on Monday in Japan (Respect for the Aged Day), South Korea (Chuseok Festival) and Taiwan and China (Mid-Autumn Festival). Japan returns to action on Tuesday, while Taiwan and China are back on Wednesday and South Korea returns on Thursday.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: UK PUBLIC SECTOR FINANCE DATA DUE

Public sector finances 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 public sector finance data for August. The budget deficit is seen at GBP 15.6 billion versus GBP 10.4 billion in July.

In the meantime, Swiss foreign trade data is due for August.

At 3.30 am ET, Riksbank is set to announce its interest rate decision. The bank is expected to hold its key rate at zero percent. Also, Sweden unemployment data is due. At 6.00 am ET, the Confederation of British Industry releases UK Industrial Trends survey results. The order book balance is seen at 15 percent in September versus 18 percent in August.

At 8.00 am ET, Hungary's central bank announces its interest rate decision. Economists expect the bank to hike its key rate to 1.75 percent from 1.50 percent.

News are provided by InstaForex
 
JAPAN INTEREST RATE DECISION DUE ON WEDNESDAY

The Bank of Japan will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The bank is widely expected to keep its benchmark lending rate steady at -0.1 percent, although other forms of stimulus may be introduced.

Australia will see August results for the leading economic index from Westpac Bank; in July, the index slipped 0.12 percent on month.

Taiwan will release unemployment data for August; in July, the jobless rate was 4.36 percent.

China will provide updated prime rates for its one-year and five-year loans; previously, they were 3.85 percent and 4.65 percent, respectively.

Finally, the markets in South Korea (Chuseok Festival) and Hong Kong (Mid-Autumn Festival) are closed on Wednesday; both return to action on Thursday.

News are provided by InstaForex
 
BRAZIL CENTRAL BANK LIFTS KEY RATE BY 100 BPS; SIGNALS ANOTHER HIKE NEXT MONTH

Brazil's central bank raised its key interest rates by 100 basis points on Wednesday and signaled another hike of the same magnitude at the next meeting to bring inflation down to the target.

The monetary policy committee, known as Copom, unanimously decided to increase the Selic rate by 100 basis points to 6.25 percent from 5.25 percent.

The bank has raised its rate by a massive 425 basis points so far this year.

Policymakers observed that, at the current stage of the tightening cycle, this pace is the most appropriate to guarantee inflation convergence to the target and allow the committee to gain more information regarding the state of the economy.

"For the next meeting, the Committee foresees another adjustment of the same magnitude," the bank said in a statement.

"The Copom emphasized that its future policy steps could be adjusted to ensure the achievement of the inflation target and will depend on the evolution of economic activity, on the balance of risks, and on inflation expectations and projections for the relevant horizon for monetary policy," the bank said.

News are provided by InstaForex
 
FINLAND PRODUCER PRICE INFLATION INCREASES IN AUGUST

Finland's producer price inflation accelerated in August, data from Statistics Finland showed on Tuesday.

Producer prices increased 15.5 percent year-on-year in August, after a 14.8 percent rise in July.

The increase in the producer prices for manufactured products was particularly attributable to risen prices of oil products, basic metals and timber from August last year.

Import prices grew 15.7 percent annually in August and export prices rose by 17.3 percent.

On a month-on-month basis, producer prices rose 1.4 percent in August, after a 3.4 percent increase in the prior month.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: EUROZONE MONETARY AGGREGATES DATA DUE

Monetary aggregates data from the euro area is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Denmark is scheduled to issue retail sales data for August. Sales had increased 4.8 percent annually in July.

At 3.30 am ET, Sweden's household lending data is due for August. Lending had advanced 6.3 percent annually in July.

At 4.00 am ET, the European Central Bank is slated to issue monetary aggregates for August. The euro area M3 money supply is forecast to climb 7.8 percent on year after rising 7.6 percent in July. In the meantime, Italy's non-EU trade data is due for August. The trade surplus totaled EUR 6.85 billion in July.

At 7.45 am ET, European Central Bank President Christine Lagarde is scheduled to attend the hearing before the committee on Economic and Monetary Affairs of the European Parliament.

News are provided by InstaForex
 
DUTCH PRODUCER CONFIDENCE IMPROVES IN SEPTEMBER

Dutch producer confidence improves in September, data from the Central Bureau of Statistics showed on Tuesday.

The producer sentiment index rose to 11.1 in September from 9.6 in August. This was above the average score of 0.5 seen over the past twenty years.

Producers opinions about the order position and stocks of finished goods remained hardly unchanged, the agency said.

There were more entrepreneurs who expected their production to increase in the coming three months, the agency said.

The producers in the textile and clothing industry were more positive in September.

News are provided by InstaForex
 
You must log in or register to reply here.
Back
Top