Forex News from InstaForex

**IFX Yvonne** · 18-12-19, 08:35

Euro Mixed Following German PPI

After the release of German producer price index at 2.00 am ET Wednesday, the euro traded mixed against its major rivals. While the euro fell against the pound, it changed little against the rest of major counterparts.

The euro was trading at 1.1138 against the greenback, 121.90 against the yen, 1.0926 against the franc and 0.8490 against the pound around 2:02 am ET.

**InstaForex Gertrude** · 19-12-19, 01:55

Australia Jobless Rate Falls To 5.2% In November

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

That was beneath expectations for 5.3 percent, which would have been unchanged from the October reading.

The Australian economy added 39,900 jobs last month to 12,954,400, blowing away expectations for an increase of 15,000 jobs following the loss of 19,000 jobs a month earlier.

Full-time employment increased by 4,200 to 8,837,300 people and part-time employment increased by 35,700 to 4,117,200 people.

The participation rate remained steady at 66.0 percent.

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**InstaForex Gertrude** · 08-01-20, 02:42

Australia Construction Sector Sinks Deeper Into Contraction

The construction sector in Australia continued to contract in December, and at a faster rate, the latest survey from the Australian Industry Group revealed on Wednesday with a six-and-a-half-year low PMI score of 38.9.

That's down from 40 in November and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Overall activity, new orders and supplier deliveries all grew substantially weaker to fuel the overall index decline.

"Australia's construction sector ended 2019 on a low note with activity, employment and new orders all falling in December. The performance of the engineering construction sector slumped further, declining at the most precipitous rate in more than a decade. Commercial construction and apartment building activity also ended the year heading lower," Ai Group Head of Policy Peter Burn said.

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**InstaForex Gertrude** · 09-01-20, 02:51

China Inflation Data Due On Thursday

China will on Thursday release December numbers for consumer and producer prices, highlighting a busy day for Asia-Pacific economic activity.

Consumer prices are expected to rise 4.7 percent on year, up from 4.5 percent in November. Producer prices are called lower by an annual 0.4 percent after sliding 1.4 percent in the previous month.

China also will see new loan data for December, with forecasts suggesting a total of 1,250 billion yuan - down from 1,390.0 billion in November.

Australia will provide November numbers for trade balance, with forecasts suggesting a surplus of A$4.10 billion - down from A$4.502 billion in October. Imports were worth A$36.25 billion and exports were at A$40.75 billion in October.

New Zealand will see December figures for the commodity price index from ANZ; in November, the index was up 4.3 percent.

The Philippines will provide November numbers for imports, exports and trade balance. In October, imports were worth $9.57 billion and exports were at $6.32 billion for a trade deficit of $3.25 billion.

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**InstaForex Gertrude** · 14-01-20, 03:40

New Zealand Building Permits Sink 8.5% In November

The total number of building permits issued in New Zealand tumbled a seasonally adjusted 8.5 percent on month in November, Statistics New Zealand said on Tuesday - standing at 3,204.

That followed the downwardly revised 1.3 percent decline in October (originally -1.1 percent).

Individually, permits were issued for 1,980 stand-alone houses, 722 townhouses, 291 apartments and 211 retirement village units.

In the year ended November 2019, the actual number of new dwellings consented was 37,010, up 13 percent from the November 2018 year.

The annual value of non-residential building work consented was NZ$7.4 billion, up 4.9 percent from the November 2018 year.

By region, the numbers of new dwellings consented in the year ended November 2019 (compared with the November 2018 year) were: 14,866 in Auckland - up 16 percent; 4,176 in Waikato - up 13 percent; 3,036 in Wellington - up 11 percent; 5,849 in rest of North Island - up 6.9 percent; 5,310 in Canterbury - up 14 percent; and 3,772 in rest of South Island - up 10 percent.

In the year ended November 2019, non-residential building consents totaled NZ$7.4 billion, up 4.9 percent from the November 2018 year.

In the November 2019 year, the non-residential building types with the highest values were: education buildings - NZ$1.0 billion (down 1.5 percent); shops, restaurants, and bars - NZ$1.0 billion (down 5.4 percent); and offices, administration, and public transport buildings - NZ$981 million (up 6.3 percent).

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**InstaForex Gertrude** · 16-01-20, 02:47

Japan Core Machine Orders Surge 18.0% In November

Core machine orders in Japan jumped a seasonally adjusted 18.0 percent on month, the Cabinet Office said on Thursday - coming in at 942.7 billion yen.

That blew past expectations for an increase of 2.9 percent following the 6.0 percent slide in October.

On a yearly basis, core machine orders climbed 5.3 percent - again exceeding expectations for a decline of 5.3 percent following the 6.1 percent fall in the previous month.

Manufacturing orders rose 0.6 percent on month and lost 12.8 percent on year, while non-manufacturing orders surged 27.8 percent on month and 22.5 percent on year. Government orders dropped 8.7 percent on month and gained 0.2 percent on year.

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**InstaForex Gertrude** · 17-01-20, 02:04

New Zealand Manufacturing PMI Slips Into Contraction

The manufacturing sector in New Zealand fell into contraction ion December, the latest survey from BuzinessNZ showed on Friday with a PMI score of 49.3.

That's down from the downwardly revised 51.2 reading in November (originally 51.4) and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction.

This was a second consecutive decrease in activity, and the lowest result since September.

Among the individual components, production and employment continued to contract, while new orders and deliveries remained in expansion but at a slower pace. Only finished stocks picked up steam.

"The December result was disappointing," BNZ Senior Economist, Craig Ebert said. "After a couple of months flirting with positivity, the PMI dipped back just below the breakeven line again."

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**InstaForex Gertrude** · 27-01-20, 04:28

Economic Calendar Is A Blank Slate On Monday

There's no economic data on the slate for Monday, with most countries in the Asia-Pacific region celebrating the lunar New Year holiday.

Most of the regional stock are also closed for the holiday, including South Korea, Malaysia, Singapore, Taiwan, China, Hong Kong and Indonesia, among others.

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**InstaForex Gertrude** · 31-01-20, 02:55

China Manufacturing PMI 50.0 In January

The manufacturing sector in China fell into stagnation in January, the latest survey from the National Bureau of Statistics said on Friday - posting a manufacturing PMI score of 50.0.

That's down from 50.2 in December, and it now sits right on the line that separates expansion from contraction. It matched expectations.

The bureau also said its non-manufacturing index came in with a score of 54.1, beating forecasts for 53.0 and up from 53.5 in the previous month.

The bureau's composite index now sits at 53.0, down from 53.4 a month earlier.

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**IFX Yvonne** · 06-02-20, 08:14

Euro Mixed Ahead Of German Factory Orders

At 2.00 am ET Thursday, Destatis is scheduled to issue Germany's factory orders for December. Orders are forecast to climb 0.6 percent on month, reversing a 1.3 percent drop in November.

Ahead of the data, the euro traded mixed against its major rivals. While the euro rose against the franc, it held steady against the rest of major rivals. The euro was worth 1.1000 against the greenback, 120.90 against the yen, 1.0713 against the franc and 0.8471 against the pound as of 1:55 am ET.

**InstaForex Gertrude** · 07-02-20, 02:11

Japan Leading Index Data Due On Friday

Japan is on Friday scheduled to release preliminary December figures 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 91.3, up from 90.8 in November. The coincident is called steady at 94.7.

Japan also will see December figures for household spending and labor cash earnings. Household spending is tipped to fall 1.6 percent on year after sliding 2.0 percent in November. Labor cash earnings are called lower by an annual 0.1 percent after easing 0.2 percent a month earlier.

Australia will see January results for the Performance of Service Index from the Australian Industry Group; in December, the index score was 48.7.

Malaysia will release December numbers for industrial and manufacturing production; in November, they were up an annual 2.0 percent and 2.5 percent, respectively.

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**InstaForex Gertrude** · 14-02-20, 02:11

New Zealand Food Prices Rise 0.6% On Month In January

Food prices in New Zealand were up a seasonally adjusted 0.6 percent on month in January, Statistics New Zealand said on Friday.

Unadjusted, food prices gained 2.1 percent.

On a monthly basis, fruit and vegetable prices rose 3.7 percent (down 0.3 percent after seasonal adjustment); while meat, poultry, and fish prices rose 2.3 percent; grocery food prices rose 2.4 percent (up 1.3 percent after seasonal adjustment); non-alcoholic beverage prices rose 3.9 percent; and restaurant meals and ready-to-eat food prices rose 0.2 percent.

On a yearly basis, food prices were up 3.56 percent in January.

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**InstaForex Gertrude** · 19-02-20, 02:31

Japan Data On Tap For Wednesday

Japan is scheduled to release December numbers for core machine orders and January trade data, highlighting a modest day for Asia-Pacific economic activity.

Machine orders are expected to fall 8.9 percent on month and 1.3 percent on year after jumping 18.0 percent on month and 5.3 percent on year in November.

Imports are tipped to fall 2.0 percent on year after sinking 4.9 percent in December. Exports are called lower by an annual 7.0 percent after sliding 6.3 percent in the previous month. The trade deficit is pegged at 1,684.8 billion yen following the 152.5 billion yen shortfall a month earlier.

Australia will see January results for the Westpac leading index and for skilled vacancies, as well as Q4 numbers for wage prices.

In December, the leading index added 0.1 percent on month and vacancies rose 0.6 percent on month. Wage prices are called steady at 0.5 percent on quarter and 2.2 percent on year.

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**InstaForex Gertrude** · 20-02-20, 03:08

Australia January Unemployment Rate Rises To 5.3%

The jobless rate in Australia came in at a seasonally adjusted 5.3 percent in January, the Australian Bureau of Statistics said on Thursday.

That exceeded expectations for 5.2 percent and was up from 5.1 percent in December.

The Australian economy added 13.500 jobs last month to 12,995,400 people, again surpassing forecasts for a gain of 10,000 jobs following the gain of 28,900 jobs in the previous month.

Full-time employment increased by 46,200 to 8,882,200 people and part-time employment decreased by 32,700 to 4,113,300 people.

Unemployment increased by 31,000 to 725,900 people.

The participation rate was 66.1 percent, exceeding expectations for 66.0 percent - which would have been unchanged from the month prior.

Monthly hours worked in all jobs decreased by 8.1 million hours to 1,781.8 million hours.

The monthly seasonally adjusted underemployment rate increased by 0.3 pts to 8.6 percent. The monthly underutilization rate increased by 0.5 pts to 13.9 percent.

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**IFX Yvonne** · 24-02-20, 10:54

German Business Confidence Improves In February

Germany's business confidence improved in February, reports said citing survey data from the ifo institute on Monday.

The business climate index rose to 96.1 in February from 96.0 in the previous month. The score was above the forecast of 95.3.

The assessment of current situation weakened from last month, while expectations improved in February.

The current conditions index came in at 98.9 in February versus consensus of 98.6. At the same time, the expectations index rose to 93.4 compared to economists' forecast of 92.1.

**InstaForex Gertrude** · 26-02-20, 01:57

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday release Q4 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity. Construction work is expected to fall 1.0 percent on quarter after losing 0.4 percent in the three months prior.

Japan will provide January figures for supermarket sales; in December, sales were down 3.3 percent on year.

Singapore will see January data for industrial production; in December, industrial production was up 4.1 percent on month and down 0.7 percent on year.

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**InstaForex Gertrude** · 06-03-20, 02:38

Japan Household Spending Sinks 3.9% On Year In January

The average of household spending in Japan was down 3.9 percent on year in January, the Ministry of Internal Affairs and Communications said on Friday - coming in at 287,173 yen.

That was in line with expectations following the 4.8 percent decline in December.

The average of monthly income per household stood at 484,697 yen, up an annual 2.1 percent.

Individually, spending was down for food, housing, fuel, furniture, clothing, medical care, communication, education and recreation.

Disposable income was up 2.3 percent and consumption expenditures fell 4.9 percent.

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**InstaForex Gertrude** · 13-03-20, 00:36

New Zealand Manufacturing PMI Climbs To 53.2 - BusinessNZ

The manufacturing sector in New Zealand turned to expansion for the first time in three months, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 53.2.

That's up from 49.8 in January, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production, deliveries, finished stocks, employment and new orders all were in expansion territory - although the main focus will be on the coming months and the effect of Covid-19.

"Looking at comments from respondents, there was a noticeable increase in Covid-19 being mentioned, either directly or through the impact on shipping from China," said Catherine Beard, BusinessNZ's executive director for manufacturing. "Even those who made positive comments tempered it with concerns about the months ahead."

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**InstaForex Gertrude** · 01-04-20, 07:32

Contraction Accelerates For Vietnam Manufacturing Sector

The manufacturing sector in Vietnam continued to contract in March, and at a faster rate, the latest survey from IHS Markit revealed on Wednesday with a manufacturing PMI score of 41.9.

That's down from 49.0 in February and it slips further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, last month saw the sharpest declines in output, new orders and employment in survey history. Business confidence tumbled, while firms scaled back purchasing and inventory holdings.

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**InstaForex Gertrude** · 06-04-20, 04:33

Australia Inflation Forecast Due On Monday

Australia will on Monday see the March inflation forecast from TD Securities, highlighting a light day for Asia-Pacific economic activity. In February, the forecast suggested a decline of 0.1 percent on month and an increase of 1.6 percent on year.

Australia also will see March data on job advertisements from ANZ; in February, job ads were up 0.7 percent on month.

New Zealand will see March figures for commodity prices from ANZ; in February, prices were down 2.1 percent on month.

Finally the markets in China and Thailand are closed on Monday for the Qingming Festival and Chakri Day, respectively; they will re-open on Tuesday.

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