Forex News from InstaForex

**InstaForex Gertrude** · 15-09-23, 07:41

CHINA INDUSTRIAL OUTPUT, RETAIL SALES GROWTH IMPROVE IN AUGUST

China's industrial production and retail sales growth improved more than expected in August, official data revealed on Friday.

Industrial production posted an annual increase of 4.5 percent, the National Bureau of Statistics reported. Output was expected to climb moderately by 3.9 percent in August after rising 3.7 percent in July.

Likewise, growth in retail sales improved to 4.6 percent in August from 2.5 percent in the previous month. This was also better than economists' forecast of 3.0 percent.

During January to August period, fixed asset investment increased 3.2 percent from the same period last year, data showed. However, the rate was slightly weaker than the expected 3.3 percent.

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**InstaForex Gertrude** · 18-09-23, 07:12

SINGAPORE NODX SINKS 3.8% IN AUGUST

Singapore's non-oil domestic exports (NODX) were down 3.8 percent on month in August, Statistics Singapore said on Monday.

That missed expectations for an increase of 5.6 percent following the downwardly revised 3.5 percent contraction in July (originally -3.4 percent).

On a yearly basis, exports slumped 20.1 percent - again missing forecasts for a decline of 15/8 percent after stumbling a downwardly revised 20.3 percent in the previous month (originally -20-2 percent).

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**InstaForex Gertrude** · 19-09-23, 07:45

NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Tuesday.

The NZ dollar rose to a 4-day high of 0.5928 against the U.S. dollar, from yesterday's closing value of 0.5917.

Against the yen and the euro, the kiwi edged up to 87.48 and 1.8045 from yesterday's closing quotes of 87.33 and 1.8064, respectively.

Moving away from an early low of 1.0884 against the Australian dollar, the kiwi advanced to a 5-day high of 1.0870.

If the kiwi extends its uptrend, it is likely to find resistance around 0.61 against the greenback, 88.00 against the yen, 1.78 against the euro and 1.06 against the aussie.

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**InstaForex Gertrude** · 20-09-23, 04:34

JAPAN TRADE DEFICIT Y930.477 BILLION IN AUGUST

Japan posted a merchandise trade deficit of 930.477 billion yen in August, the Ministry of Finance said on Wednesday.

That was well shy of expectations for a shortfall of 659.1 billion yen following the upwardly revised 66.3 billion yen deficit in July (originally -78.7 billion yen).

Exports were down 0.8 percent on year at 7.994 trillion yen, beating forecasts for a decline of 1.7 percent following the 0.3 percent drop in the previous month.

Imports slumped an annual 17.8 percent to 8.924 trillion yen versus expectations for a fall of 19.4 percent following the downwardly revised 13.6 percent contraction a month earlier (originally -13.5 percent).

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**InstaForex Gertrude** · 21-09-23, 08:31

AUSTRALIAN DOLLAR FALLS AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Thursday.

The Australian dollar fell to a 5-week low of 0.8639 against the Canadian dollar and an 8-day low of 0.6403 against the U.S. dollar, from yesterday's closing quotes of 0.8675 and 0.6445, respectively.

Against the euro and the yen, the aussie slipped to 2-day lows of 1.6608 and 94.94 from yesterday's closing quotes of 1.6533 and 95.60, respectively.

The aussie edged down to 1.0842 against the NZ dollar, from Wednesday's closing value of 1.0870.

If the aussie extends its downtrend, it is likely to find support around 0.85 against the loonie, 0.65 against the greenback, 1.68 against the euro, 93.00 against the yen and 1.06 against the kiwi.

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**InstaForex Gertrude** · 02-10-23, 07:44

PHILIPPINES MANUFACTURING SECTOR CLIMBS INTO EXPANSION TERRITORY - S&P GLOBAL

The manufacturing sector in the Philippines moved to expansion in September, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.6.

That's up from 49.7 in August, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

After having fallen for the first time in a year in August, improved demand conditions and new client wins supported a fresh, albeit modest rise in new orders during September. However, latest data also revealed a fall in new business from abroad, thereby marking the first month of contraction in the year-to-date. Moreover, the rate of decrease was solid overall and faster than the historical average.

Subsequently, the data suggested that the latest uptick in factory orders was fueled by domestic demand. Nonetheless, the overall rise in total new business translated into a further expansion in production. Moreover, the rate of growth quickened from August's 12-month low.

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**InstaForex Gertrude** · 05-10-23, 07:37

EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY FOREIGN TRADE DATA DUE

Foreign trade and construction Purchasing Managers' survey results from Germany are the top economic news due on Thursday.

At 2.00 am ET, Destatis is scheduled to issue Germany's external trade data for August. Exports are forecast to fall 0.4 percent on month, while imports are expected to climb 0.5 percent.

At 2.45 am ET, France's statistical office INSEE is scheduled to release industrial production for August. Economists expect industrial output to drop 0.4 percent on a monthly basis, in contrast to the 0.8 percent increase in July.

At 3.00 am ET, Spain's INE publishes industrial output for August. Output is seen falling 2.1 percent annually after a 1.8 percent drop in July.

At 3.30 am ET, Germany's construction Purchasing Managers' survey results are due.

At 4.30 am ET, S&P Global releases UK construction PMI data for September. The index is seen at 49.9, down from 50.8 in August.

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**InstaForex Gertrude** · 06-10-23, 10:07

JAPAN LEADING INDEX RISES TO 109.5, HIGHEST IN 9 MONTHS

Japan's leading index improved in August to the highest level in nine months, preliminary data from the Cabinet Office showed on Friday.

The leading index, which measures future economic activity, rose to 109.5 in August from 108.2 in July.

Further, this was the highest reading since November last year, when it was 109.6.

The coincident index that measures the current economic situation increased somewhat to a 114.3 in August from 114.2 in the previous month.

Data showed that the lagging index climbed to 106.0 from 105.7 in the previous month.

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**InstaForex Gertrude** · 09-10-23, 07:44

CHINESE YUAN RISES TO NEAR 2-WEEK HIGH AGAINST U.S. DOLLAR

The Chinese yuan strengthened against the U.S. dollar in the Asian session on Monday, as Chinese market reopened after China's Golden Week holiday.

Against the greenback, the yuan rose to nearly a 2-week high of 7.2940 from a recent high of 7.3021.

If the yuan extends its uptrend, it is likely to find resistance around the 7.24 region.

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**InstaForex Gertrude** · 10-10-23, 07:15

JAPAN HAS Y2.279 TRILLION CURRENT ACCOUNT SURPLUS IN AUGUST

Japan posted a current account surplus of 2.279 trillion yen in August, the Ministry of Finance said on Tuesday.

That was shy of expectations for a surplus of 3.091 trillion yen following the 2.771 trillion yen surplus in July.

Exports were down 2.6 percent on year at 7.893 trillion yen, while imports slumped an annual 18.2 percent to 8.643 trillion yen for a trade deficit of 749.5 billion yen.

The capital account showed a deficit of 6.4 billion yen, while the financial account had a surplus of 2.987 trillion yen.

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**InstaForex Gertrude** · 13-10-23, 08:06

CHINA EXPORTS FALL LESS THAN EXPECTED

China's exports declined less than expected in September, data from the General Administration of Customs showed on Friday.

Exports registered a decrease of 6.2 percent in September compared to the previous year. This was slower than the expected decline of 7.6 percent and the 8.8 percent fall seen in August.

At the same time, imports also decreased 6.2 percent annually, slower than the 7.3 percent fall in August. Imports were forecast to drop 6.0 percent.

Consequently, the trade surplus rose to $77.7 billion from $68.4 billion in August. The expected level was $70.0 billion.

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**InstaForex Gertrude** · 18-10-23, 07:17

CHINA GDP CLIMBS 4.9% ON YEAR IN Q3

China's gross domestic product expanded an annualized 4.9 percent on year in the third quarter of 2023, the National Bureau of Statistics said on Wednesday.

That beat forecasts for a gain of 4.4 percent but was still down from the 6.3 percent growth in the second quarter.

On a seasonally adjusted quarterly basis, GDP gained 1.3 percent - again exceeding expectations for 1.0 percent following the 0.5 percent increase in the three months prior.

The bureau also noted that industrial production was up 4.5 percent on year, beating forecasts for 4.3 percent and unchanged from the August reading.

Retail sales rose an annual 5.5 percent, topping expectations for a gain of 4.5 percent and up from 4.6 percent in the previous month.

Fixed Asset Investment rose 3.1 percent on year, missing forecasts for 3.2 percent, which would have been unchanged from August.

The jobless rate came in at 5.0 percent, below forecasts for 5.2 percent, which would have been unchanged.

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**InstaForex Gertrude** · 19-10-23, 08:24

AUSTRALIA UNEMPLOYMENT RATE SLIPS TO 3.6% IN SEPTEMBER

The jobless rate in Australia came in at a seasonally adjusted 3.6 percent in September, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 3.7 percent, which would have been unchanged from the August reading.

The Australian economy added 6,700 jobs last month, shy of expectations for an increase of 18,000 following the addition of 64,900 jobs in the previous month.

The participation rate was 66.7 percent, below forecasts for 67.0 percent, which would have been unchanged.

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**InstaForex Gertrude** · 20-10-23, 10:51

EUROPEAN ECONOMIC NEWS PREVIEW: UK RETAIL SALES, PUBLIC SECTOR FINANCE DATA DUE

Retail sales and public sector finances from the UK are the top economic news due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance figures. Retail sales are forecast to fall 0.2 percent on month in September, reversing a 0.4 percent rise in August. The UK budget balance is forecast to post a surplus of GBP 17.6 billion in August.

Also, the European Automobile Manufacturers' Association or ACEA publishes Europe's new car registrations for September. Sales had increased 21.0 percent annually in August.

In the meantime, Destatis is scheduled to issue Germany's producer prices for September. Economists forecast prices to fall 14.2 percent annually after easing 12.6 percent in August.

At 4.00 am ET, retail sales data is due from Poland. Sales are expected to decline 2.0 percent annually in September, slower than the 2.7 percent fall in August.

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**InstaForex Gertrude** · 25-10-23, 07:57

AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

The Australian dollar rose to nearly a 1-1/2-month high of 1.0915 against the NZ dollar, from yesterday's closing value of 1.0871.

Against the U.S. and the Canadian dollars, the aussie advanced to nearly a 2-week high of 0.6400 and nearly a 2-month high of 0.8789 from yesterday's closing quotes of 0.6355 and 0.8730, respectively.

The aussie climbed to more than a 3-week high of 95.89 against the yen and a 1-week high of 1.6559 against the euro, from Tuesday's closing quotes of 95.27 and 1.6658, respectively.

If the aussie extends its uptrend, it is likely to find support around 1.10 against the kiwi, 0.65 against the greenback, 0.88 against the loonie, 97.00 against the yen and 1.64 against the euro.

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**InstaForex Gertrude** · 26-10-23, 11:35

SINGAPORE INDUSTRIAL OUTPUT FALLS 2.1%, LESS THAN FORECAST

Singapore's industrial production continued to decline in September, though the pace of decrease has eased considerably since August, data from the Economic Development Board revealed on Thursday.

Industrial production dropped 2.1 percent year-on-year in September, following an 11.6 percent plunge in the prior month. That was also below the 4.8 percent decrease expected by economists. Production has been falling since October last year.

Excluding bio-medical manufacturing, industrial production rebounded 0.1 percent annually in September after a 12.7 percent slump in the previous month.

On a monthly basis, industrial production surged 10.7 percent in September, reversing a sharp 10.8 percent fall in August.

Among major clusters, production in the biomedical manufacturing industries fell the most, by 18.9 percent in September, as the pharmaceutical segment contracted 41.4 percent from last year.

The second-most significant decrease was observed in the chemicals cluster, which declined 12.9 percent.

At the same time, electronics output registered a double-digit annual growth of 10.2 percent, and that of the transport engineering segment posted an increase of 13.2 percent.

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**InstaForex Gertrude** · 30-10-23, 04:11

AUSTRALIA RETAIL SALES JUMP 0.9% IN SEPTEMBER

The value of retail sales in Australia was up a seasonally adjusted 0.9 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at A$35.874 billion.

That blew away forecasts for an increase of 0.3 percent and was up sharply from the upwardly revised 0.3 percent in August (originally 0.2 percent).

Individually, sales rose for food, household goods, clothing, department store items, and other retail; sales were flat for cafes and restaurants.

On a yearly basis, retail sales rose 2.0 percent.

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**InstaForex Gertrude** · 01-11-23, 06:32

NZ DOLLAR FALLS AGAINST MAJORS

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.

The NZ dollar fell to 6-day lows of 0.5789 against the U.S. dollar and 1.8256 against the euro, from yesterday's closing quotes of 0.5825 and 1.8153, respectively.

Against the Australian dollar, the kiwi dropped to a 2-day low of 1.0922 from Tuesday's closing value of 1.0875.

The kiwi edged down to 87.56 against the yen, from yesterday's closing value of 88.35.

If the kiwi extends its downtrend, it is likely to find support around 0.56 against the greenback, 1.83 against the euro, 1.10 against the aussie and 86.00 against the yen.

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**InstaForex Gertrude** · 02-11-23, 06:32

AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Thursday.

The Australian dollar rose to nearly a 5-week high of 96.77 against the yen, from an early low of 96.61.

Against the U.S. dollar and the euro, the aussie advanced to more than 3-week highs of 0.6439 and 1.6456 from yesterday's closing quotes of 0.6422 and 1.6484, respectively.

The aussie appreciated to more than a 3-month high of 0.8906 against the Canadian dollar, from yesterday's closing value of 0.8884.

The aussie edged up to 1.0935 against the NZ dollar, from Wednesday's closing value of 1.0924.

If the aussie extends its uptrend, it is likely to find resistance around 98.00 against the yen, 0.65 against the greenback, 1.63 against the euro, 0.90 against the loonie and 1.10 against the kiwi.

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**InstaForex Gertrude** · 03-11-23, 08:35

MALAYSIAN RINGGIT RISES TO MORE THAN 2-WEEK HIGH AGAINST U.S. DOLLAR

The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Friday. Against the greenback, the ringgit rose to more than a 2-week high of 4.7360 from yesterday's closing value of 4.7500.

If the ringgit extends its uptrend, it is likely to find resistance around the 4.70 area.

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