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**InstaForex Gertrude** · 07-04-20, 07:49

Estonia Inflation Eases In March

Estonia's consumer price inflation eased in March, data from Statistics Estonia showed on Monday.

The consumer price index rose 0.9 percent year-on-year in March, after a 2.0 percent increase in February. In January, inflation was 1.6 percent.

Inflation was mainly affected the most by more expensive food and non-alcoholic beverages. Electricity were cheaper, while petrol and diesel fuel were more expensive, the agency reported.

On a monthly basis, consumer prices dropped 0.7 percent in March, after a 0.5 percent rise in the previous month.

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Estonia Inflation Eases In March

Estonia's consumer price inflation eased in March, data from Statistics Estonia showed on Monday.

The consumer price index rose 0.9 percent year-on-year in March, after a 2.0 percent increase in February. In January, inflation was 1.6 percent.

Inflation was mainly affected the most by more expensive food and non-alcoholic beverages. Electricity were cheaper, while petrol and diesel fuel were more expensive, the agency reported.

On a monthly basis, consumer prices dropped 0.7 percent in March, after a 0.5 percent rise in the previous month.

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**InstaForex Gertrude** · 08-04-20, 07:33

S&P Lowers Australia's Rating Outlook To Negative

S&P Global Ratings revised the outlook on Australia's rating outlook to negative from stable as coronavirus, or COVID-19, outbreak weakened its fiscal outlook.

The rating agency said the negative outlook reflects a substantial deterioration of Australia's fiscal headroom at the 'AAA' rating level.

The outbreak of coronavirus has posed a severe economic and fiscal shock. The Australian economy is set to plunge into recession for the first time in almost 30 years, causing a substantial deterioration of the government's fiscal headroom at the 'AAA' rating level.

Nonetheless, the ratings were affirmed at 'AAA'. S&P observed that the triple A rating on Australia benefit from the country's strong institutional settings, its wealthy economy, and monetary policy flexibility.

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**InstaForex Gertrude** · 15-04-20, 07:20

Australia Consumer Sentiment Logs Record Fall

Australia's consumer confidence declined the most on record in April after the coronavirus outbreak evolved from serious concern to full-blown pandemic, survey data from Westpac showed on Wednesday.

The Westpac-Melbourne Institute Index of Consumer Sentiment plunged 17.7 percent to 75.6 in April from 91.9 in March.

This was the biggest monthly decrease in forty seven year history of the survey, taking the indicator beyond the global financial crisis lows.

The survey reflects the large shocks to jobs and spending. Moreover, there was a collapse in confidence in the housing market.

All five component sub-indexes fell in April. The biggest falls were in the near term outlook for the economy and in attitudes towards spending - reflecting the immediate effects of the shut-down, Westpac noted.

The indicator measuring past family finances decreased 14.8 percent to an eight-year low of 70.4 and the outlook for family finances slid 6.6 percent to 90.9.

The 'economy, next 12 months' sub-index logged a record fall of 31 percent to 53.7 in April. At the same time, the index measuring the outlook for long-term, say five years, dropped moderately by 3.8 percent to 87.0 in April.

Further, the 'time to buy a major household item' plunged 31.6 percent to 76.2 in April. This was the lowest reading since the record low of 71 set in October 2008.

The Westpac-Melbourne Institute Unemployment Expectations Index jumped 8.2 percent in April following the sharp 8.5 percent increase in March. At 158.1, the index was at a five year high. RSS feed

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**InstaForex Gertrude** · 21-04-20, 07:21

European Economics Preview: German ZEW Economic Confidence Due

Corrected first para
Economic confidence survey results from Germany and labor market statistics from the UK are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 3.9 percent in three months to February.

In the meantime, foreign trade from Switzerland and wholesale prices from Germany are due.

At 3.00 am ET, the Czech Statistical Office is set to release producer price data for March. Economists forecast prices to rise at a slower pace of 0.2 percent after climbing 1.4 percent in February.

Half an hour later, Statistics Sweden issues unemployment data for March. The jobless rate stood at 8.2 percent in February.

At 4.00 am ET, industrial production and producer price figures are due from Poland. Industrial production is forecast to fall 2.1 percent on year in March, reversing a 4.9 percent rise in January.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. Economists forecast the economic confidence index to rise to -42.3 in April from -49.5 in March.

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**InstaForex Gertrude** · 22-04-20, 07:36

Malaysia Consumer Prices Drop In March

Malaysia's consumer prices dropped in March, figures from the Department of Statistics showed on Wednesday.

The consumer price index declined 0.2 percent year-on-year in March, after a 1.3 percent increase in February. Economists had expected a 0.1 percent fall.

Among the main groups, prices for transport declined 8.9 percent annually in March and clothing and footwear prices decreased by 1.3 percent.

Meanwhile, cost of food and non-alcoholic beverages rose at a faster pace of 1.2 percent following a 0.8 percent rise in February.

At the same time, prices for miscellaneous goods and services grew 2.6 percent and those of housing, water, electricity, gas and other fuels and communication increased 1.6 percent and 1.5 percent, respectively.

On a month-on-month basis, consumer prices fell 1.2 percent in March.

The core CPI rose 1.3 percent annually in March.

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**InstaForex Gertrude** · 24-04-20, 05:33

Japan Inflation Steady At 0.4% In March

Consumer prices in Japan were up 0.4 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and unchanged from the February reading.

Core CPI, which excludes volatile food prices, also was up an annual 0.4 percent. That also matched expectations and was down from the 0.6 percent gain in the previous month.

Individually, prices were up for food, housing, furniture, clothing, medical care, communications and recreation. They were down for fuel and education.

On a monthly basis, overall inflation was flat, while core inflation was down 0.1 percent.

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**InstaForex Gertrude** · 24-04-20, 07:27

Dollar Mostly Subdued Against Peers

The U.S. dollar recovered after a mid-session setback and traded slightly higher against some of its peers on Thursday, with traders digesting economic data from across the globe and tracking news about the virus pandemic and geopolitical issues.

The dollar index, which dropped to 100.04 around mid morning, recovered gradually and was last seen hovering around 100.50, up 0.12% from previous close.

Against the Euro, the U.S. dollar firmed up to $1.0794 from Wednesday's close of $1.0823. The euro area private sector suffered its steepest falls in business activity and employment due to the measures taken to contain the spread of coronavirus, flash survey data from IHS Markit showed.

The flash IHS Markit composite output index plummeted to an all-time low of 13.5 in April, down from a prior record low of 29.7 in March. This was the largest monthly collapse in output recorded in over two decades of survey data collection.

The services Purchasing Managers' Index plunged to a record low 11.7 from 26.4 in March, while the manufacturing PMI came in at 33.6, down from 44.5 in the previous month.

Against Pound Sterling, the dollar edged down to $1.2340.

The Japanese Yen gained against the dollar, trading at 107.64 a dollar, compared to 107.75 a dollar Wednesday evening.

The Aussie gained against the dollar, rising to $0.6358 from its previous close of $0.6323.

The Swiss franc eased to CHF 0.9739 from CHF 0.9713, while the Loonie firmed up to 1.4124 a dollar, from $1.4161, thanks to another jump in crude oil prices.

In U.S. economic news, more than 4 million people filed first-time claims for U.S. unemployment benefits in the week ended April 18th, according to a report released by the Labor Department on Thursday. That reflects a continued decline from the nearly 7 million people that filed first-time claims in the last week of March.

The Labor Department said initial jobless claims dropped to 4.427 million, a decrease of 810,000 from the previous week's revised level of 5.237 million. Economists had expected jobless claims to slump to 4.200 million from the 5.245 million originally reported for the previous week.

A report released by the Commerce Department showed new home sales plunged by 15.4% to an annual rate of 627,000 in March after tumbling by 4.6% to a revised rate of 741,000 in February. With the steep drop, new home sales pulled back further off the more than twelve-year high of 777,000 set in January.

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**InstaForex Gertrude** · 04-05-20, 05:39

Vietnam Manufacturing PMI Falls To 32.7 In April - IHS Marketing

The Vietnam manufacturing sector continued to contract in April, and at a faster rate because of the Covid-19 pandemic, the latest survey from IHS Marketing revealed on Monday with a manufacturing PMI score of 32.7.

That's down from 41.9 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were severe declines in output and new orders, while employment was also down at a record pace.

Firms were pessimistic regarding the 12-month outlook.

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**InstaForex Gertrude** · 06-05-20, 07:39

European Economics Preview: Germany Factory Orders Data Due

Factory orders from Germany and final composite Purchasing Managers' survey from euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is set to release Germany's factory orders for March. Economists forecast orders to fall 10 percent on month after falling 1.4 percent in February.

At 3.00 am ET, retail sales figures are due from Hungary and the Czech Republic. The Czech retail sales are expected to fall 9 percent annually, following February's 7.4 percent increase.

At 3.15 am ET, IHS Markit releases Spain's services PMI data. The PMI is seen at 10.0 in April versus 23.0 in March.

At 3.45 am ET, Italy's services PMI data is due. Economists expect the index to decline to 9.0 in April from 17.4 in March. Thereafter, final PMI survey data is due from France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, IHS Markit publishes euro area final composite PMI data. Economists expect the index to drop to 13.5 in April, as initially estimated, from 29.7 in March.

Half an hour later, UK IHS Markit/CIPS construction PMI survey data is due. The construction PMI is forecast to drop to 22.0 in April from 39.3 in March.

At 5.00 am ET, Eurostat releases euro area retail sales data. Sales are forecast to decline 10.5 percent on month in March, reversing a 0.9 percent rise in February.

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**InstaForex Gertrude** · 07-05-20, 07:20

China Services PMI Rises To 44.4 In April - Caixin

The services sector in China continued to contract in April, albeit at a slightly slower pace, the latest survey from Caixin showed on Thursday with a Services PMI score of 44.4.

That's up from 43.0 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, total new work fell at a modest rate, although export sales tumbled at a near-record pace. Companies trimmed their staff numbers for the third month in a row.

The survey also showed that the composite index ticked up to 47.6 in April from 46.7 in March.

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**InstaForex Gertrude** · 08-05-20, 07:57

Malaysia Jobless Rate Rises In March

Malaysia's unemployment rate rose in March, data from the Department of Statistics showed on Friday.

The jobless rate rose to 3.9 percent in March from 3.3 percent in February. In the same month last year, the unemployment rate was 3.4 percent.

On a seasonally adjusted basis, jobless rate rose to 3.9 percent in March from 3.3 percent in the previous month.

The number of unemployed increased to 610,500 in March from 525,200 in the previous month.

The number of employed decreased to 15.23 million in March from 15.34 million in the prior month.

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**InstaForex Gertrude** · 12-05-20, 07:34

China Inflation Slows To 3.3% In April

Consumer prices in China were up 3.3 percent on year in April, the National Bureau of Statistics said on Tuesday.

That was beneath expectations for an annual increase of 3.7 percent and down from 4.3 percent in March.

On a monthly basis, consumer prices sank 0.9 percent - again missing forecasts for a decline of 0.5 percent after sliding 1.2 percent in the previous month.

The stats bureau also reported that producer prices tumbled 3.1 percent on year - well shy of expectations for a drop of 2.6 percent and down sharply from the 1.5 percent decline a month

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**InstaForex Gertrude** · 14-05-20, 07:45

Australia Unemployment Rate Rises To 6.2% In April

The jobless rate in Australia came in at a seasonally adjusted 6.2 percent in April, the Australian Bureau of Statistics said on Thursday. That was up from 5.2 percent in March but was well beneath expectations for 8.3 percent.

The Australian economy lost 594,300 jobs last month to 12,418,700 - missing forecasts for a decline of 575,000 following the increase of 5,900 jobs in the previous month.

Full-time employment decreased 220,500 to 8,656,900 people and part-time employment decreased 373,800 to 3,761,800 people.

Unemployment increased 104,500 to 823,300 people. Underutilization rate increased 5.9 pts to 19.9 percent.

The participation rate was 63.5 percent in April, well shy of expectations for 65.2 percent and down from 66.0 percent a month earlier.

Monthly hours worked in all jobs decreased 163.9 million hours to 1,625.8 million hours.

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**InstaForex Gertrude** · 18-05-20, 07:44

Singapore Exports Rise Unexpectedly In April

Singapore's non-oil domestic exports increased unexpectedly in April, data from Enterprise Singapore showed on Monday.

Non-oil domestic exports increased 9.7 percent year-on-year in April, confounding expectations for a decline of 5 percent. Nonetheless, the pace of growth eased from 17.6 percent logged in March. Electronic NODX fell by 0.6 percent, while non-electronic NODX gained 12.8 percent.

On a monthly basis, NODX declined 5.8 percent in April, after a 12.8 percent rise in the previous month.

NODX to the top markets grew in April, though exports to China, Hong Kong, Malaysia, Indonesia and Thailand declined. The largest contributors to the growth were the US, the EU 27 and Japan, data showed.

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**InstaForex Gertrude** · 19-05-20, 07:20

New Zealand Producer Price Outputs Add 0.1% In Q1

Producer price outputs in New Zealand were up 0.1 percent on quarter in the first quarter of 2020, Statistics New Zealand said on Tuesday - slowing from 0.4 percent in the three month prior.

Producer price inputs fell 0.3 percent on quarter after rising 0.1 percent in the previous three months.

On a yearly basis, outputs gained 2.2 percent and inputs were up 1.2 percent. Farm expenses price index (FEPI) were flat on quarter and up 1.0 percent on year, while capital goods price index (CGPI) rose 0.6 percent on quarter and 2.9 percent on year.

Salaries and wages rose 0.3 percent on quarter and 2.5 percent on year.

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**InstaForex Gertrude** · 20-05-20, 05:53

Japan March Core Machine Orders Ease 0.4%

Core machine orders in Japan slid a seasonally adjusted 0.4 percent on month in March, the Cabinet Office said on Wednesday - standing at 854.7 billion yen.

That beat expectations for a tumble 0.7.1 percent following the 2.3 percent increase in February.

On a yearly basis, core machine orders sank 0.7 percent - again beating forecasts for a all of 9.5 percent following the 2.3 percent drop in the previous month.

The total value of machinery orders received by 280 manufacturers operating in Japan increased by a seasonally adjusted 3.0 percent on month and 0.9 percent on year in March at 2,289.0 billion yen.

Manufacturing orders fell 8.2 percent on quarter and 3.2 percent on year, while non-manufacturing orders added 5.3 percent on quarter and 0.9 percent on year.

Government orders surged 17.1 percent on month and 66.5 percent on year, while orders from overseas fell 1.3 percent on month and 14.4 percent on year. Orders through agencies sank 3.3 percent on month and 5.8 percent on year.

For the first quarter of 2020, core machine orders slid 0.7 percent on quarter and 1.0 percent on year. Total machine orders gained 3.9 percent on quarter and fell 0.7 percent on year in Q1.

Manufacturing orders added 1.8 percent on quarter and lost 3.4 percent on year in Q1, while non-manufacturing orders fell 5.1 percent on quarter and rose 0.6 percent on year.

Government orders soared 25.5 percent on quarter and 45.0 percent on year, while orders from overseas gained 8.7 percent on quarter and lost 8.7 percent on year. Orders through agencies gained 3.6 percent on quarter and fell 4.1 percent on year.

Core machine orders are now predicted to fall 0.7 percent on quarter in Q2 and 10.4 percent on year.

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**InstaForex Gertrude** · 20-05-20, 08:02

Malaysia Consumer Prices Fall More-Than-Expected In April

Malaysia's consumer prices declined more-than-expected in April, figures from the Department of Statistics revealed on Wednesday.

The consumer price index declined 2.9 percent year-on-year in April, following a revised 0.2 percent decrease in March. Economists had expected a 1.6 percent fall. This was the second consecutive fall in prices.

Among the main components, prices for transport declined 21.5 percent annually in April and housing, water, electricity, gas and other fuels decreased by 2.2 percent.

Meanwhile, cost of food and non-alcoholic beverages rose 1.2 percent and prices for miscellaneous goods and services grew 2.3 percent. Cost for health and education rose by 1.2 percent, each.

On a month-on-month basis, consumer prices fell 2.7 percent in April.

The core consumer price inflation held steady at 1.3 percent in April.

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**InstaForex Gertrude** · 22-05-20, 08:09

Forecast for EUR/USD on May 22, 2020

EUR/USD
The euro grew during the first half of Thursday due to optimistic rates of European business activity for the current month: Manufacturing PMI of the euro area grew from 33.4 to 39.5, Services PMI showed even greater dynamics - an increase from 12.0 to 28.7. The euro has decisively reversed since the US session opened. US PMIs came out better than expected, but not as much as we expected: Manufacturing PMI grew from 36.1 to 39.8 against 39.3, Services PMI grew from 26.7 to 36.9 with 32.6 expected. Nevertheless, the trading volumes were comparable to those observed on May 18, which indicates a massive closure of purchases and even the opening of sales. A more interesting story awaits us next week, when sales of new housing, orders for durable goods, incomes and expenses of consumers will be published in the US.

The price was re-marked at the upper border of the price range and with the turn of the oscillator, Marlin headed down on the daily chart. The closest support for the price is the price channel line at 1.0918, below it is the MACD indicator line at 1.0888, overcoming it will confirm the euro's intention to go much deeper down to 1.0767 and 1.0578.

The signal line of the Marlin oscillator penetrated into the downward trend zone after forming a double divergence on the four-hour chart. The closest target is the 1.0888 level, at which the MACD lines coincide on both scopes. Consolidation under the level opens the way to the lower border of the range 1.0767.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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**InstaForex Gertrude** · 26-05-20, 07:58

Singapore Cuts 2020 GDP Outlook

Singapore's economic outlook for 2020 was lowered further due to the deterioration in foreign demand forecast and the expected economic impact of the coronavirus containment measures.

The Ministry of Trade and Industry on Tuesday forecast the city-state economy to shrink "-7.0 to -4.0 percent" this year instead of "-4.0 to -1.0 percent projected in March.

The ministry said there continues to be a significant degree of uncertainty over the length and severity of the coronavirus, or Covid-19, outbreak, as well as the trajectory of the economic recovery, in both the global and Singapore economies.

Gross domestic product shrank 0.7 percent on a yearly basis in the first quarter, reversing a 1 percent rise in the fourth quarter 2019. The first quarter figure was revised from -2.2 percent.

On a quarter-on-quarter seasonally-adjusted annualized basis, the economy contracted 4.7 percent, a pullback from the 0.6 percent expansion in the fourth quarter of last year.

The manufacturing sector expanded by 6.6 per cent year-on-year on account of output expansions in the biomedical manufacturing, precision engineering and transport engineering clusters.

Meanwhile, the construction sector contracted 4.0 percent. Likewise, the wholesale and retail trade sector fell 5.8 percent and the transportation and storage sector declined 8.1 percent.

The accommodation and food services sector logged a sharp fall of 23.8 percent. At the same time, the information and communications sector grew 3.5 percent and the finance and insurance sector expanded 8.0 percent.

The business services sector shrank 3.3 percent in the first quarter.

A very strong performance from the biomedical manufacturing sector meant that Singapore's economy contracted much less in the first quarter than previously thought, Alex Holmes, an economist at Capital Economics, said.

But with a stringent lockdown in place at home and demand cratering abroad, the sector is unlikely to stop a huge contraction in the economy in the second quarter, the economist added.

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**InstaForex Gertrude** · 29-05-20, 07:38

Japan Retail Sales Slide 9.6% On Month In April

The total value of retail sales in Japan was down a seasonally adjusted 9.6 percent on month in April, the Ministry of Economy, Trade and Industry said on Friday.
That was shy of expectations for a decline of 7.0 percent following the 4.5 percent drop in March.

On a yearly basis, retail sales tumbled 13.7 percent - also missing expectations for a drop of 11.5 percent after slipping 4.6 percent in the previous month.

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