Forex News from InstaForex

**IFX Yvonne** · 04-09-19, 08:20

Ireland Services Activity Growth Weakest Since January

Ireland's services activity grew at the slowest pace since January on weak new orders and employment, survey results from IHS Markit showed Wednesday.

The AIB services Purchasing Managers' Index fell to 54.6 in August from 55.0 in July. The score signaled the slowest rise since January. However, a reading above 50 indicates expansion in the sector.

Inflows of overall new business expanded at the slowest pace in four months, amid reports from some firms of Brexit uncertainty negatively affecting orders from the UK.

Irish service providers recorded the weakest payroll expansion since May 2013. On the price front, data showed that while the rate of input cost inflation eased, companies increased their output charges at a faster pace in August.

Meanwhile, sentiment towards activity over the coming year dropped to the lowest since December 2011 as Brexit weighed on optimism.

The composite output index held steady at 51.8 in August despite the manufacturing sector continued to contract.

**InstaForex Gertrude** · 05-09-19, 04:36

Golden cosmos

Good evening, dear traders. As promised, here's the evening forecast for gold. Sorry, was not able to publish it in the morning, because it has already started to work.

The trade wars drove gold to an incredible $ 1,550 per troy ounce. This is the largest gold trend. for many years! Over the past year, gold has passed a record of 36,000p and continues to storm the high, knocking out the stops of medium-term sellers. And just yesterday, according to perhaps the most effective Price Action trading strategy, a pattern called "daily absorption in the trend" has appeared - which speaks of an ongoing trend and after which it is recommended to buy. Today, to the American session, there was a magnificent rollback, allowing you to go into longs at the best price.

On the other hand, sellers who have been selling gold from highs for two weeks now have to hide their risks only for one single extreme - this year's high - quotation 1554. Although, gold has not yet risen above. This is a trap that will be slammed in the near future and trap sellers.

I propose to take a closer look from the rollbacks to the longs - with a take on updating 1554 and higher. Often breakdowns of weekly extremes for gold are very volatile - and give a positive slippage, on which you can earn good profit. This is the first part of the plan.

The second part is for those traders who are buying in a large amount (scalpers). The idea is very simple and is to work after the breakdown of 1554, which for example to 1560-1570, and then to return to the broken level of 1554. This is an old scalping technique in the overbought market to work on the consolidations of large buyers after the breakdown of key extremes. It is due to this that the price decline to a broken level, which becomes support.

Be that as it may, you can earn in both cases.

I wish you success in trading and follow the policy of money management!

News are provided by InstaForex

**InstaForex Gertrude** · 12-09-19, 04:14

Japan Core Machine Orders Sink 6.6% In July

Core machine orders in Japan were down a seasonally adjusted 6.6 percent on month in July, the Cabinet Office said on Thursday - coming in at 896.9 billion yen.

That beat expectations for a fall of 8.1 percent following the 13.9 percent surge in June.

On a yearly basis, core machine orders rose 0.3 percent - again exceeding expectations for a fall of 4.3 percent following the 12.5 percent gain in the previous month.

The total value of machinery orders received by 280 manufacturers operating in Japan increased by 0.1 percent in July.

News are provided by InstaForex

**IFX Yvonne** · 16-09-19, 10:39

Denmark Producer Prices Fall In August

Denmark's producer prices declined further in August, figures from Statistics Denmark showed on Monday.

The producer prices fell 3.1 percent year-on-year in August, following a 2.2 percent decline in July.

Domestic market prices decreased 4.4 percent annually in July and foreign market prices declined 1.4 percent.

Import prices fell 1.0 percent annually in August and decreased 0.3 percent from the previous month.

On a monthly basis, producer prices fell 0.3 percent in August, after a 0.5 percent rise in the previous month.

**InstaForex Gertrude** · 17-09-19, 05:22

Australia House Prices Sink 0.7% In Q2

House prices in Australia were down 0.7 percent on quarter in the second quarter of 2019, the Australian Bureau of Statistics said on Tuesday.

That exceeded expectations for a decline of 1.1 percent following the 3.0 percent drop in the three months prior.

On a yearly basis, house prices fell 7.4 percent - unchanged from Q1 but again beating forecasts for a fall of 7.7 percent.

The total value of residential dwellings in Australia fell A$17,611.6m to A$6,610,590.1m this quarter. The mean price of residential dwellings fell A$4,400 to A$638,900. The number of residential dwellings rose by 43,100 to 10,347,200.

News are provided by InstaForex

**InstaForex Gertrude** · 18-09-19, 04:05

Japan Has Y136.3 Billion Deficit In August

Japan posted a merchandise trade deficit of 136.329 billion yen in August, the Ministry of Finance said on Wednesday.

That beat forecasts for a shortfall of 365.4 billion yen following the 250.7 billion yen deficit in July.

Exports were down 8.2 percent on year to 6.140 trillion yen, also topping expectations for a decline of 10.9 percent following the 1.5 percent annual drop in the previous month.

Imports sank an annual 12.0 percent versus forecasts for a decline of 11.0 percent after easing 1.2 percent a month earlier.

News are provided by InstaForex

**InstaForex Gertrude** · 23-09-19, 08:16

European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey data from euro area is due on Monday, headlining a light day for the European economic news.

At 3.15 am ET, IHS Markit is slated to issue France flash PMI data for September. The composite output index is forecast to drop to 52.5 from 52.9 in August.

At 3.30 am ET, Germany's flash PMI data is due. Economists forecast the composite PMI to rise to 52.0 in September from 51.7 in August.

At 4.00 am ET, IHS Markit is scheduled to publish euro area final PMI results. The composite PMI is seen at 52.0 in September versus 51.9 in August. At 4.30 am ET, UK household finance data is due from IHS Markit.

News are provided by InstaForex

**InstaForex Gertrude** · 24-09-19, 06:16

Pound at a loss, but does not lose optimism

Hopes of the British pound to rise gradually fade, but the probability of growth still remains, analysts say. The currency of the United Kingdom slightly grew on the positive news last week, but this effect was short-lived.

Recall, last Friday, analysts marked a rally of the pound, which has risen in price on the wave of new optimism regarding a possible deal on Brexit. This rise was triggered by the comments of Jean-Claude Juncker, President of the European Commission, who stated the likelihood of Britain leaving the EU with an agreement. However, the official did not disclose the details of this decision, in connection with which experts considered the position of the pound to be rather unstable.

The experts were right in many respects: on Monday, September 23, the British currency tried to break through strong option levels on the news about alternative solutions to the problem of the Irish border, proposed by the government of Boris Johnson. Some of them even won the approval of Brexit's main opponents without a deal, the Northern Ireland Democratic Union Party (DUP). Many representatives of the EU leadership, including Juncker, softened the general rhetoric, but the signal that the EU was ready to amend the agreement and approve the deal turned out to be false. As a result, the last chance to retain Britain as part of the EU was lost.

The unstable political situation shook the British currency. It still clings to its former optimism, but it is fading before our eyes. At the same time, the GBP/USD currency pair is traded in the structure of the first impulse of decline. The goal is the level of 1.2444, and then a correction to 1.2515 is expected. In the future, analysts do not rule out a fall to the level of 1.2444 and lower, to 1.2360.

On Friday, it became clear that no real breakthrough regarding Brexit is expected. Boris Johnson is quite happy with the country's exit from the EU without a deal, and an attempt to organize new negotiations is unlikely to drastically change the current state of affairs.

In this situation, not only the pound and the entire British economy will suffer, but also the eurozone economy, analysts at the Organization for Economic Cooperation and Development (OECD) are certain. They confirmed the negative scenario in the event of a "hard" Brexit, which would hit the eurozone GDP, reducing it by 0.5 percentage points (pp), while UK GDP would fall by 2 pp.

In the short term, the British currency can test the range of 1.2700-1.2720, analysts said. However, the market still hopes for growth, although the priority in terms of volume remains with deferred sales. Moreover, even a slight negative signal against the GBP/USD pair will throw it into a strong resistance zone to the level of 1.2250, analysts said.

News are provided by InstaForex

**InstaForex Gertrude** · 26-09-19, 06:09

UK Car Production Rises For First Time In 15 Months

UK car production increased for the first time in 15 months in August, data released by the Society of Motor Manufacturers and Traders showed on Thursday.

Car production grew 3.3 percent on a yearly basis in August as factories kept production lines rolling throughout the month after they brought forward planned summer shutdowns to April in preparation for the original Brexit deadline.

The increase in August couldn't offset the substantial losses posted in April. Only 2,903 more cars were produced in August 2019 than in the same month last year, the agency noted.

Mike Hawes, SMMT chief executive, said, "While growth is always welcome, today's figures mask the underlying downward trend and strengthening global headwinds facing the sector, including international trade tensions, massive technological upheaval and, in the UK, political and economic uncertainty."

Production for the domestic market advanced 15.2 percent in August. Meanwhile, output for exports grew marginally by 0.6 percent.

This disguised ongoing weakness in major global markets with production for China down 43.8 percent, exports to the US falling 9.1 percent and those to the EU dropped 13.7 percent in the first eight months.

The year-to-date production plunged 17 percent. Output failed to reach one million units by August for the first time in five years, the lobby noted.

The SMMT repeatedly called for Brexit deal to maintain competitiveness and safeguard jobs.

SMMT Chief Executive Hawes said the mere threat of no deal has undermined investment and the potential imposition of tariffs, border delays and additional administrative burdens would damage competitiveness.

"We now need parliament and government to redouble efforts to get a deal that maintains free and frictionless trade," said Hawes.

News are provided by InstaForex

**InstaForex Gertrude** · 27-09-19, 06:17

UK Consumer Confidence Improves In September

UK consumer confidence improved in September, survey results from the market research group GfK showed Friday.

The consumer confidence index rose to -12 in September from -14 in August. "Since the Brexit referendum we have witnessed a long succession of negative Overall Index scores with the overall trend downwards," Joe Staton, client strategy director at GfK, said. "This month, British consumers appear to be treading water during this wait-and-see run-up to October 31st."

The index measuring changes in personal finances during the last 12 months climbed three points to +2. Likewise, the forecast for personal finances over the coming year gained two points to +4.

The measure for the general economic situation over the last year also increased two points, to -32. At the same time, expectations for the general economic situation rose three points to -35.

Further, the major purchase index improved two points to +3. The savings index also rose two points to +23.

News are provided by InstaForex

**IFX Yvonne** · 30-09-19, 08:31

China Manufacturing Sector Expands Most Since Early 2018

China's manufacturing sector expanded at the fastest pace since early 2018 in September despite ongoing trade disputes with the United States, survey data from IHS Markit showed on Monday.

The Caixin factory Purchasing Managers' Index rose to 51.4 in September from 50.4 in August. Any score above 50 indicates expansion in the sector. This was the highest score since February 2018.

The official data from the National Bureau of Statistics revealed that the factory sector continued to contract in September. However, the manufacturing PMI climbed to 49.8 from 49.5 a month ago.

New orders increased at the fastest rate since March 2018, while new export orders decreased slightly in September, IHS Markit reported. Companies said that the ongoing China-US trade dispute had continued to dampen foreign sales.

Employment level remained unchanged for the second month in September. Outstanding business increased amid stagnant payrolls and rise in orders.

Higher volumes of total new work led firms to expand production again in September. The rate of growth was the fastest seen since August 2018.

Input buying rose for the third month in a row and stocks of purchased items expanded slightly.

Input costs increased at the end of the third quarter and the output cost remained broadly unchanged compared to the previous month.

Nonetheless, goods producers continued to express a relatively subdued level of confidence towards future output, as worries persisted over the outcome of the ongoing China-US trade negotiations.

"Growth in manufacturing demand was mainly driven by the domestic market as China-U.S. trade conflicts still restrained overseas demand," Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, said.

**InstaForex Gertrude** · 15-10-19, 04:58

China Consumer Prices Climb 3.0% On Year In September

Consumer prices in China were up 3.0 percent on year in September, the National Bureau of Statistics said on Tuesday.

That exceeded expectations for 2.9 percent and was up from 2.8 percent in August.

On a monthly basis, inflation rose 0.9 percent - accelerating from 0.7 percent in the previous month.

The bureau also said that producer prices contracted 1.2 percent on year, matching expectations following the 0.8 percent decline a month earlier.

News are provided by InstaForex

**InstaForex Gertrude** · 04-11-19, 06:03

Australia Retail Sales Data On Tap For Monday

Australia will on Monday release September figures for retail sales, highlighting a modest day for Asia-Pacific economic activity.

Retail sales are expected to rise 0.4 percent on month, unchanged from the August ready. For the third quarter of 2019, sales are called higher by 0.3 percent, up from 0.2 percent in Q2.

Australia also will see October data for the job ads monitor from ANZ and the inflation forecast from TD Securities. In September, job ads were up 0.3 percent on month, while inflation was predicted to be higher by 0.1 percent on month and 1.5 percent on year.

Malaysia will provide September figures for imports, exports and trade balance. In August, imports were worth 70.43 billion ringgit and exports were at 81.36 billion ringgit for a trade surplus of 10.92 billion ringgit.

Thailand will release October figure for consumer and producer prices. In September, overall inflation was up 0.1 percent on month and 0.3 percent on year, while core CPI rose 0.1 percent on month and 0.4 percent on year. Producer prices were flat on month and down 1.9 percent on year.

Finally, the markets in Japan are closed on Monday for Culture Day and will re-open on Tuesday.

News are provided by InstaForex

**InstaForex Gertrude** · 20-11-19, 01:46

Japan Trade Data On Tap For Wednesday

Japan will on Wednesday release October figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to plummet 15.4 percent on year after dipping 1.5 percent in September. Exports are called lower by an annual 7.5 percent after falling 5.2 percent in the previous month. The trade balance is tipped to show a surplus of 301.0 billion yen following the 123.0 billion yen shortfall a month earlier.

Australia will see October results for skilled vacancies and for the leading economic index from Westpac. In September, vacancies fell 0.7 percent on month and the economic index eased 0.08 percent on month.

China will release prime rate numbers for its one-year and five-year loans. The one-year is called steady at 4.2 percent, while the five-year is expected to rise to 4.9 percent from 4.85 percent previously.

Malaysia will provide October numbers for producer prices; in September, inflation was flat on month and up 1.1 percent on year.

News are provided by InstaForex

**IFX Yvonne** · 22-11-19, 09:11

Yen Off Lows Against Some Majors

The Japanese yen came off its early lows against some of its major counterparts in late Asian deals on Friday.

The yen rose to a 2-day high 109.31 against the franc, from an early low of 109.42.

The yen recovered to 108.61 against the greenback and 81.74 against the loonie, from its early 2-day low of 108.71 and a 3-day low of 81.90, respectively. Reversing from an early low of 73.86 against the aussie, the yen bounced off to 73.70.

The next possible resistance for the yen is around 108.00 against the greenback, 107.00 against the franc, 80.00 against the loonie and 70.5 against the aussie.

**InstaForex Gertrude** · 10-01-20, 04:49

Japan Leading Index Data Due On Friday

Japan will on Friday see preliminary November numbers for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity.

The leading index is tipped to show a score of 90.9, down from 91.6 in October. The coincident is pegged at 95.2, down barely from 92.3 in the previous month.

Japan also will see November figures for household spending, with forecasts suggesting a decline of 2.0 percent on year following the 5.1 percent decline a month earlier.

Australia will provide November numbers for retail sales, with forecasts calling for a gain of 0.4 percent on month following the flat reading in October.

Malaysia will release November data for industrial and manufacturing production; in October, they were up an annual 0.3 percent and 2.2 percent, respectively.

Singapore will provide November numbers for retail sales; in October, sales were down 2.2 percent on month and 4.3 percent on year.

News are provided by
InstaForex.

**IFX Yvonne** · 13-01-20, 08:13

Malaysia Jobless Rate Steady In November

Malaysia's unemployment rate remained stable in November, data from the Department of Statistics showed on Monday.

The jobless rate was 3.2 percent in November, the same as seen in October. In the same period last year, the unemployment rate was 3.3 percent.

On a seasonally adjusted basis, jobless rate rose marginally to 3.3 percent in November from 3.2 percent in October.

The number of unemployed increased to 513,900 in November from 512,100 in the previous month.

The number of employed increased to 15.31 million in November from 15.26 million in the prior month.

**InstaForex Gertrude** · 11-02-20, 03:36

Australia Home Loan Data Due On Tuesday

Australia will on Tuesday release December numbers for new home loans, setting the pace for a modest day in Asia-Pacific economic activity.

Loans are expected to rise 1.6 percent on month, slowing from 1.8 percent in November. Investment lending is also seen higher by 1.6 percent on month, down from 2.2 percent in the previous month.

Australia also will see January results for the indexes of business confidence and conditions from NAB; in December, their scores were -2 and +3, respectively.

Finally, the markets in Japan are closed on Tuesday in observance of National Day and will reopen on Wednesday.

News are provided by
InstaForex.

**InstaForex Gertrude** · 17-02-20, 03:32

Japan GDP Falls 6.3% On Year In Q4

Japan's gross domestic product was down an annualized 6.3 percent in the fourth quarter of 2019, the Cabinet Office said in Monday's preliminary report.

That was well shy of expectations for a decline 3.8 percent following the 0.5 percent increase in the three months prior.

On a seasonally adjusted quarterly basis, GDP sank 1.6 percent - again missing forecasts for a decline of 1.0 percent following the 0.1 percent gain in the third quarter.

Nominal GDP was down 1.2 percent on quarter, missing expectations for a drop of 0.6 percent after gaining 0.6 percent in the previous three months.

The GDP deflator was up 1.3 percent on year in Q4, the Cabinet Office said - exceeding expectations for an increase of 1.1 percent and up from 0.6 percent in the three months prior.

Business spending skidded 3.7 percent on quarter, missing forecasts for a decline of 1.6 percent following the 0.5 percent increase in the third quarter.

Private consumption sank 2.9 percent on quarter, missing forecasts for a drop of 2.0 percent following the 0.5 percent gain in the previous three months.

News are provided by
InstaForex.

**InstaForex Gertrude** · 27-02-20, 04:34

New Zealand Trade Deficit NZ$340 Million In January

New Zealand posted a merchandise trade deficit of NZ$340 million in January, Statistics New Zealand said on Thursday.

That beat expectations for a shortfall of NZ$549 million following the NZ$547 million surplus in December.

Exports climbed an annual 8.8 percent or NZ$382 million in January to NZ$4.73 billion, exceeding forecasts for NZ$4.44 billion after coming in at NZ$5.54 billion a month earlier.

The leading contributor to the rise was exports of meat and edible offal, up NZ$187 million (31 percent) to NZ$800 million. Milk powder, butter, and cheese rose NZ$115 million (7.7 percent) to NZ$1.6 billion.

Exports to China were up NZ$302 million (31 percent) to NZ$1.3 billion, led by a rise in milk powder, butter, and cheese (up NZ$143 million); beef (up NZ$77 million); and logs, wood, and wood articles (up NZ$32 million).

Exports to the United States were up NZ$69 million (16 percent) to NZ$489 million. The rise was led by casein and caseinates (up NZ$23 million) and beef (up NZ$24 million).

Imports were down 4.0 percent on year or NZ$212 million to NZ$5.07 billion versus expectations for NZ$5.00 billion, which would have been roughly unchanged from the previous month.

This fall was led by vehicles, parts, and accessories, down NZ$116 million (17 percent) to NZ$591 million. Fertilizers also fell NZ$51 million (48 percent) to NZ$57 million.

On an annual basis, goods exports rose NZ$3.0 billion (5.2 percent) to NZ$60.3 billion, marking the first time it has reached NZ$60 billion. Goods imports rose NZ$400 million (0.6 percent) to NZ$64.2 billion. The annual trade balance was a deficit of NZ$3.9 billion.

News are provided by InstaForex