Forex News from InstaForex

**InstaForex Gertrude** · 22-03-19, 05:43

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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**InstaForex Gertrude** · 29-03-19, 05:56

Japan Retail Sales Add 0.2% In February

Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in February, the Ministry of Economy, Trade and Industry said on Friday.

That missed expectations for an increase of 1.0 percent following the 1.8 percent decline in January.

On a yearly basis, retail sales advanced 0.4 percent - again missing expectations for 1.0 percent and down from 0.6 percent in the previous month.

Sales from large retailers tumbled an annual 1.8 percent, missing forecasts for a fall of 1.3 percent following the 3.3 percent slide a month earlier.

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**InstaForex Gertrude** · 01-04-19, 08:59

EUR/CAD approaching resistance, potential drop!

EURCAD is approaching our first resistance at 1.5033 (horizontal overlap resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur to our major resistance at support at 1.4925 (horizontal swing low support). RSI (34) is also approaching resistance and ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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**InstaForex Gertrude** · 02-04-19, 04:57

Australia Building Approvals Surge 19.1% In February

The total number of building approvals in Australia jumped a seasonally adjusted 19.1 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at 17,074.

That was way above forecasts for a fall of 1.8 percent following the 2.5 percent gain in January.

On a yearly basis, building approvals sank 12.5 percent - but that also beat expectations for a fall of 27.0 percent after tumbling 28.6 percent in the previous month.

The seasonally adjusted estimate for private sector houses fell 3.6 percent in February, while private sector dwellings excluding houses surged 64.6 percent. The value of total building approved rose 15.4 percent in February.

The value of residential building rose 24.7 percent, while the value of non-residential building rose 2.1 percent.

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**InstaForex Gertrude** · 05-04-19, 08:23

Euro Mixed Ahead Of German Industrial Production

Destatis will publish German industrial production for February at 2:00 am ET Friday. Ahead of the data, the euro traded mixed against its major counterparts. While the euro fell against the yen, it held steady against the rest of major counterparts.

The euro was worth 125.39 against the yen, 1.1227 against the franc, 0.8564 against the pound and 1.1229 against the greenback as of 1:55 am ET.

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**InstaForex Gertrude** · 08-04-19, 06:35

Japan Has Y2,676.8 Billion Current Account Surplus

Japan had current account surplus of 2,676.8 billion yen in February, the Ministry of Finance said on Monday.

That exceeded expectations for a surplus of 2,633.5 billion yen following the 600.4 billion yen surplus in January.

Exports were down 1.9 percent on year to 6,307.0 billion yen, while imports skidded an annual 6.6 percent to 5,817.8 billion yen.

The trade surplus came in at 489.2 billion yen, shy of expectations for 591.3 billion yen but up from the 964.8 billion yen deficit in the previous month.

The adjusted current account showed a surplus of 1,957.6 billion, beating forecasts for 1,920.9 billion yen and up from 1,833.0 billion yen a month earlier.

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**InstaForex Gertrude** · 17-04-19, 03:57

This April is going to be idle again for the pound

For the second year in a row, the British currency is missing the once-solid seasonal April rally associated with dividend flows. Blame it on the long-suffering Brexit and the risk of participating in European elections. Earlier for more than a decade, the sterling rose in price against the dollar every April. It was a kind of tradition.

The reasons for the pound's growth at this time of year were simple. Local companies repatriated "home" dividends. Most firms are transnational. Not surprisingly, after receiving dividends abroad, they converted them to pounds. This model was absolutely workable and even withstood a powerful shock in the form of the 2008 crisis.

While the pound rose 0.4% in tandem with the US dollar since the end of March, over the past 13 years to 2017, the average sterling grew by 2.3% in April. Last April, the pound approached the peak after the 2016 Brexit, when a referendum was held before turning down. As a result, the GBPUSD pair ended April with a fall of 1.8%.

London has achieved the extension of the country's exit date from the European Union, market concerns about the chaotic "divorce" process have decreased, but this does not mean that the worst is over. Now investors will have to face political risks, such as the upcoming local elections in the UK, and the Brexit deadlock is only delayed. Alarming moods are likely to return and would put even more pressure on the pound. In late April, the British currency may start a new wave of decline.

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**InstaForex Gertrude** · 26-04-19, 06:24

Japan Retail Sales Add 0.2% On Month In March

Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in March, the Ministry of Economy, Trade and Industry said on Friday.

That beat expectations for a flat reading and was down from the 0.4 percent increase in February.

On a yearly basis, retail sales climbed 1.0 percent - also beating forecasts for a gain of 0.8 percent and up from 0.6 percent in the previous month.

Large retailer sales were up an annual 0.6 percent, beating forecasts for a drop of 1.8 percent - which would have been unchanged.

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**IFX Yvonne** · 29-04-19, 10:05

Finland Consumer Confidence Slows In April

Finland's consumer confidence slowed in April after rising in the previous month, survey data from Statistics Finland showed on Monday.

The consumer confidence index rose to 15.7 from 16.1 in March. The reading remained above its long-term average of 12.7.

The survey was conducted among 1,143 persons in Finland between April 1 and 17.

Among the four sub-indexes, only consumers' expectations concerning Finland's economy improved slightly in April. Households' personal finance expectations eased, while they were less pessimistic regarding the situation in Finland's economy.

Elsewhere, survey data from the Confederation of Finnish Industries showed that the manufacturing confidence index dropped to -1 in April from 1 in March.

Morale deteriorated in construction, while it improved in services and retail trade.

**InstaForex Gertrude** · 30-04-19, 06:29

South Korea Industrial Production Gains 1.4% On Month In March

Industrial output in South Korea climbed a seasonally adjusted 1.4 percent on month in March, Statistics Korea said on Tuesday - rebounding from the 3.4 percent contraction in February.

On a yearly basis, industrial was down 2.8 percent following the 3.4 percent annual slide in the previous month.

The index of all industry production was up 1.1 percent on month and down 0.7 percent on year. In February, the index was down 2.6 percent on month and 1.9 percent on year.

The Manufacturing Production Index increased 1.5 percent on month but fell 2.9 percent on year. The Manufacturing Shipment Index gained 2.5 percent on month but fell 1.5 percent on year. The Manufacturing Inventory Index shed 0.6 percent on month but climbed 4.6 percent on year.

The Production Capacity Index added 0.2 percent on month but fell 0.5 percent on year. The Index of Capacity Utilization Rate climbed 1.4 percent on month but lost 2.5 percent on year.

The Manufacturing Average Capacity Utilization Rate in March marked 71.5 percent, which increased by 1.0 percentage points from the previous month. The Index of Services added 0.2 percent from the previous month and 0.6 percent on year.

The Retail Sales Index jumped 3.3 percent on month and 2.4 percent on year. The Equipment Investment Index jumped 10.0 percent on month but tumbled 15.5 percent on year.

The Domestic Machinery Shipment Index in March dropped 15.2 percent on year. The value of Domestic Machinery Orders Received fell 6.7 percent on year.

The value of construction completed at constant prices increased 8.9 percent on month but lost 2.9 percent on year. The value of construction orders received at current prices surged 18.7 percent on year.

The Composite Coincident Index in March added 0.1 percent from the previous month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, eased 0.1 points from the previous month.

The Composite Leading Index in March gained 0.2 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, eased 0.1 points on month.

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**InstaForex Gertrude** · 10-05-19, 04:36

U.S. Wholesale Inventories Unexpectedly Edge Lower In March

A report released by the Commerce Department on Thursday unexpectedly showed a modest decrease in U.S. wholesale inventories in the month of March.

The Commerce Department said wholesale inventories edged down by 0.1 percent in March after climbing by an upwardly revised 0.4 percent in February. Economists had expected inventories to come in unchanged.

The slight drop in wholesale inventories came as inventories of non-durable goods slid by 0.6 percent amid a sharp pullback in inventories of drugs.

On the other hand, the report said inventories of durable goods rose by 0.3 percent, reflecting notable increases in inventories of machinery and metals.

The Commerce Department also said wholesale sales surged up by 2.3 percent in March after rising by 0.3 percent in February.

Sales of durable goods jumped by 1.4 percent amid sharp increases in sales of electrical equipment and miscellaneous durable goods.

A spike in sales of petroleum products also contributed to a 3.1 percent leap in sales of non-durable goods.

With inventories falling and sales soaring, the inventories/sales ratio for merchant wholesalers dropped to 1.32 in March from 1.35 in February.

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**InstaForex Gertrude** · 14-05-19, 06:48

Japan Has 2,847.9 Billion Current Account Surp

Japan posted a current account surplus of 2,847.9 billion yen in March, the Ministry of Finance said on Tuesday - down 10.6 percent on year.

That missed forecasts for a surplus of 3,007.2 billion but was still up from 2,676.8 billion in February.

The trade balance showed a surplus of 700.1 billion yen, also missing expectations for 838.9 billion yen and up from 489.2 billion yen in the previous month.

Exports fell 5.2 percent on year to 7.058 trillion yen, while imports added an annual 1.5 percent to 6.358 trillion yen.

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**InstaForex Gertrude** · 15-05-19, 06:15

China's Industrial Output Growth Slows

China's industrial production and retail sales growth eased in April, figures from the National Bureau of Statistics showed Wednesday.

Industrial production advanced 5.4 percent year-on-year in April, following March's 8.5 percent increase. The growth rate was forecast to slow moderately to 6.5 percent.

Likewise, annual growth in retail sales eased to 7.2 percent from 8.7 percent a month ago. Sales were forecast to expand 8.6 percent.

Data showed that fixed asset investment climbed 6.1 percent during January to April period compared to the 6.3 percent expansion logged in January to March period. Economists had forecast 6.4 percent growth.

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**InstaForex Gertrude** · 16-05-19, 06:23

Australia Jobless Rate Rises To 5.2% In April

The unemployment rate in Australia came in at a seasonally adjusted 5.2 percent in April, the Australian Bureau of Statistics said on Thursday.

That was above forecasts for 5.0 percent and up from the upwardly revised 5.1 percent in March (originally 5.0 percent).

The Australian economy added 28,400 jobs last month - exceeding expectations for an increase of 15,000 following the gain of 25,700 a month earlier.

The participation rate ticked up to 65.8 percent, beating forecasts for 65.7 percent - which would have been unchanged from the previous month.

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**InstaForex Gertrude** · 20-05-19, 04:55

New Zealand Performance Of Service Index Slows In April

The services sector in New Zealand continued to expand in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 51.8.

That's down from 52.3 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The April reading was the third straight monthly decline and the lowest index reading since September 2012.

Individually, sales, supplier deliveries and new orders expanded, while stocks and employment were in contraction.

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**InstaForex Gertrude** · 23-05-19, 04:39

Japan Manufacturing PMI Sinks Into Contraction - Nikkei

The manufacturing sector in Japan fell into contraction in May, the latest survey from Nikkei revealed on Thursday in its preliminary report - posting a manufacturing PMI score of 49.6.

That's down from 50.2 in April and it falls beneath the boom-or-bust line if 50 that separates expansion from contraction.

Individually, output and new orders fell for the fifth straight month, while the business outlook reflected pessimism for the first time more than six years.

New export orders, backlogs, stocks and quantities of purchases also were in contraction.

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**InstaForex Gertrude** · 27-05-19, 06:24

China Industrial Profits Decline In April

China's industrial profits decreased in April, data from the National Bureau of Statistics showed Monday.

In April, profits of large industrial firms declined 3.7 percent on year in contrast to an increase of 13.9 percent growth in March.

Industrial profits fell 3.4 percent in the first four months of 2019 from the same period of last year compared to a decrease of 3.3 percent in three months to March.

Zhu Hong of the statistics bureau said the decline in profits in April was driven by the timing of Value Added Tax cut.

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**InstaForex Gertrude** · 29-05-19, 07:19

UK Shop Price Inflation Accelerates In May

UK shop price inflation increased notably in May on non-food prices, the British Retail Consortium reported Wednesday. Shop prices inflation doubled to 0.8 percent in May from 0.4 percent in April.

Food prices climbed 1.8 percent annually and non-food prices gained 0.2 percent. Food inflation continued to slow but it remained above the 12-month average. At the same time, non-food categories such as furniture and health and beauty follow years of deep discounting.

Shop price growth in May was the second highest inflation rate seen in the last six years, though it remains well below headline inflation, Helen Dickinson, chief executive at BRC said.

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**InstaForex Gertrude** · 31-05-19, 05:46

China Manufacturing PMI Falls Into Contraction

The manufacturing sector in China turned to contraction in May, the National Bureau of Statistics said on Friday with a manufacturing PMI score of 49.4.

That was shy of expectations for 49.9 and down from 50.1 in April. It also fell below the boom-or-bust line of 50 that separates expansion from contraction.

The non-manufacturing PMI came in at 54.3 - unchanged from the previous month and in line with expectations.

The composite index had a score of 53.3, down fractionally from 53.4 a month earlier.

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**InstaForex Gertrude** · 03-06-19, 04:41

Myanmar Manufacturing Sector Accelerates In May - Nikkei

The manufacturing sector in Myanmar continued to contract in May, and at a faster rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 54.2.

That's up from 53.7 in April, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, operating conditions improved at a solid rate, while there was faster growth in output and new orders. Employment expansion was the quickest in series history.

At the same time, input costs increased further in May, with the rate of inflation picking up to a six-month high

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