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Author Topic: Forex News from InstaForex  (Read 2435 times)

Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #75 on: June 29, 2020, 06:23:02 AM »
Malaysia Exports Fall More Than Expected In May



Malaysia's exports declined at faster than expected rate in May, data from the Department of Statistics revealed on Thursday.

Exports fell 25.5 percent year-on-year to MYR 62.7 billion in May, following a 23.9 percent decrease in April. Economists had expected a 19.9 percent decline.

Exports to India, Singapore, Thailand, Japan, the European Union, Hong Kong and Vietnam lowered in May, while those to China increased.

Imports declined 30.4 percent annually to MYR 52.3 billion in May, following a 23.6 percent fall in the previous month. This was the biggest fall since January 2009. Economists had forecast a fall of 19.8 percent.

Consequently, the trade balance registered a surplus of MYR 10.4 billion in May.

On a monthly basis, exports fell 3.2 percent in May and imports declined 23.6 percent.

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Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #76 on: July 01, 2020, 06:31:53 AM »
UK Shop Prices Continues To Fall In June: BRC



UK shop prices declined for the thirteenth straight month in June but the pace of decrease slowed, data from the British Retail Consortium showed Wednesday.

The BRC-Nielsen shop price index declined 1.6 percent in June.

Although consumers benefited from the decline in shop prices, the situation for many retailers, such as those in clothing and footwear remains very challenging, Helen Dickinson, chief executive at BRC, said.

"Coronavirus has been a huge shock to the retail industry and coming on top of this, the threat of the UK leaving the EU without a trade deal is a real concern as it would lead to severe disruptions to supply chains, far beyond those experienced during lockdown, resulting in higher prices and reduced availability in shops," Dickinson added.

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Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #77 on: July 02, 2020, 06:39:09 AM »
European Economics Preview: Eurozone Unemployment Data Due



Unemployment data from euro area is due on Thursday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's unemployment data for June is due. The number of people out of work had increased 26,600 in May.

In the meantime, the Hungarian Central Statistical Office is scheduled to release foreign trade figures for April.

At 4.00 am ET, unemployment data is due from Italy. Economists forecast the jobless rate to climb to 7.7 percent in May from 6.3 percent in April. At 5.00 am ET, Eurostat is scheduled to release euro area unemployment and producer price data. The jobless rate is expected to rise to 7.7 percent in May from 7.3 percent in April.

Eurozone producer prices are forecast to decline 4.8 percent annually, faster than the 4.5 percent drop seen in April.

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Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #78 on: July 03, 2020, 05:58:40 AM »
China's Service Sector Grows Most Since 2010



China's service sector expanded at the fastest pace in more than a decade in June, driven by strong orders as measures related to the coronavirus pandemic were relaxed, survey data from IHS Markit showed Friday.

The Caixin services Purchasing Managers' Index rose to 58.4 in June from 55.0 in May. The rate of expansion was the fastest since April 2010. A score above 50 indicates expansion in the sector.

Total new orders advanced at the quickest pace since August 2010 driven by improving market conditions and new export work expanded for the first time since January.

Firms widely reported that overall market conditions had continued to improve following an easing of measures related to the coronavirus disease 2019 pandemic.

Nonetheless, service providers reported another fall in workforce numbers. As new business increased, outstanding workloads logged a renewed rise in June. On the price front, the survey showed a slight drop in input prices at the end of the second quarter. At the same time, prices charged by services companies were broadly unchanged in June, thereby ending a six-month period of decline.

Service providers expressed stronger optimism towards the 12-month outlook for business activity in June.

The composite output index rose to 55.7 in June from 54.5 in May, to signal a sharp and accelerated increase in overall Chinese business activity.

"Although businesses were optimistic about the economic outlook, they remained cautious about increasing hiring, with employment in both the manufacturing and services sectors shrinking," Wang Zhe, a senior economist at Caixin Insight Group said. Addressing the employment problem requires not only macro policies to further promote work resumption, but also more targeted relief measures introduced by governments to tide companies over, said Wang.

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Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #79 on: July 06, 2020, 05:49:34 AM »
Hong Kong Private Sector PMI Improves To 49.6 In June - IHS Markit

The private sector in Hong Kong continued to contract in June, albeit at a much slower rate, the latest survey from IHS Markey revealed on Monday with a PMI score of 49.6.

That's up from 43.9 in May, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and new orders fell at the slowest rate in more than two years. Employment levels were broadly stable and input cost inflation returned.

Firms were less pessimistic about the year-ahead outlook during June than in May, with confidence rising to a five-month high.

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Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #80 on: July 07, 2020, 05:31:57 AM »
Australia Keeps Interest Rate, QE Unchanged



Australia's central bank maintained its key interest rate and the target yield on three-year government bonds unchanged on Tuesday.

The board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain cash rate and the targeted yield on three-year government bonds of 25 basis points.

The bank said it is prepared to scale-up its bond purchases again and will do whatever is necessary to ensure bond markets remain functional and to achieve the yield target for 3-year Australian government securities.

The RBA had reduced the key interest rate to the current record low of 0.25 percent at the March meeting. Also in March, the bank had introduced asset purchase programme to combat the downturn caused by the pandemic.

As the economy is going through a very difficult period, it is likely that fiscal and monetary support will be required for some time, the bank said.

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Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #81 on: July 09, 2020, 06:11:09 AM »
European Economics Preview: Germany Foreign Trade Data Due



Foreign trade data from Germany is due on Thursday, headlining light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to publish Germany's foreign trade figures for May. Exports are forecast to grow 13.8 percent and imports to rise 12 percent on a monthly basis. The trade surplus is seen at EUR 5.2 billion versus EUR 3.2 billion in April.

In the meantime, Finland's external trade data for May is due.

At 3.00 am ET, foreign trade data is due from Hungary. The trade deficit is expected to narrow to EUR 281 million from EUR 561 million in

April. At 5.00 am ET, Greece unemployment data for April is due.

At 6.00 am ET, the Central Statistics Office publishes Ireland's consumer prices for June. Prices had decreased 0.5 percent on year in May.

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Instaforex Gertrude

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Re: Forex News from InstaForex
« Reply #82 on: July 10, 2020, 06:02:47 AM »
European Economics Preview: France Industrial Production Data Due



Industrial production from France is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway publishes consumer and producer prices for June. Inflation is expected to rise slightly to 1.4 percent from 1.3 percent in May.

In the meantime, foreign trade and consumer prices from Romania are due. At 2.45 am ET, France's statistical office Insee is slated to release industrial production for May. Economists forecast industrial output to grow 15.1 percent month-on-month in May, reversing a 20.1 percent fall in April.

At 3.00 am ET, the Czech Statistical Office releases consumer prices for June. Inflation is forecast to remain unchanged at 2.9 percent.

At 4.00 am ET, Italy's Istat publishes industrial production data for May. Economists forecast production to climb 22.8 percent on month, reversing a 19.1 percent drop in April.

At 5.00 am ET, consumer prices and industrial output data is due from Greece.

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