Forex News from InstaForex

**IFX Yvonne** · 02-12-19, 08:32

Ireland Manufacturing Sector Deteriorates In November

Ireland's manufacturing sector contracted in November, survey data from IHS Markit showed on Monday.

The seasonally adjusted AIB factory Purchasing Managers' Index, or PMI, fell to 49.7 in November from 50.7 in October. However, any reading below 50 indicates contraction in the sector.

Inflows of total new business increased in November but the rate of expansion eased slightly from the previous month, while export sales declined further.

Employment fell for the first time since September 2016 and stocks of finished goods increased for the sixth month in a row.

Purchasing activity fell in November for the sixth time in the past seven months amid a decline in per-production inventories.

Backlogs decreased further in November, with the rate of backlog depletion quickened from October.

Input price inflation was the sharpest in seven months, while the rate of output charge inflation eased in November.

Sentiment among manufacturers improved to the highest level in five months in November, the survey showed.

**InstaForex Gertrude** · 04-12-19, 02:21

Hong Kong PMI Continues To Tumble - IHH

Hong Kong's private sector continued to contract in November, and at a faster pace, the latest survey from IHH revealed on Wednesday with a 16-year low PMI score of 38.5.

That's down from 39.3 in October and it moves further beneath the boom-or-bust line that separates expansion from contraction.

The November reading saw the sharpest decline in business activity in survey history, while the fall in new business was the sharpest since 2008. Business confidence remained close to a record low.

Political unrest continued to disrupt the functioning of businesses, according to survey respondents.

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**InstaForex Gertrude** · 05-12-19, 05:03

Australia Trade Balance Data Due On Thursday

Australia will on Thursday release October numbers for trade balance and retail sales, highlighting a modest day for Asia-Pacific economic activity.

The trade balance is expected to show a surplus of A$6.50 billion, down from A$7.180 billion in September. Retail sales are called higher by 0.3 percent, up from 0.2 percent in the previous month.

New Zealand will provide Q3 numbers for the volume of all building, with forecasts suggested to show an increase of 1.0 percent on quarter following the 1.5 percent contraction in the three months prior. South Korea will see October results for current account; in September, the surplus was $66.89 billion.

The Philippines will release November numbers for consumer prices and Q3 data for unemployment. In October, inflation was up 0.2 percent on month and 0.8 percent on year, while core CPI was up 2.6 percent on year. The jobless rate in Q2 was 5.4 percent, with a participation rate of 62.1 percent.

Finally, the markets in Thailand are closed on Thursday in observance of late king Bhumibol's birthday and will re-open on Friday.

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**InstaForex Gertrude** · 06-12-19, 01:26

Dollar Exhibits Weakness Against Most Rivals

The U.S. dollar was mostly subdued against major currencies on Thursday, amid a slew of economic data from across the globe and as traders awaited the outcome of the OPEC meet in Vienna.

Conflicting reports on U.S.-China trade front weighed as well on the U.S. currency.

Data from the Commerce Department showed U.S. trade deficit narrowed to $47.2 billion in October from a revised $51.1 billion in September. Economists had expected the trade deficit to narrow to $48.7 billion from the $52.5 billion originally reported for the previous month.

The lower deficit was due to a 1.7% drop in imports at $254.3 billion. Exports were down 0.2% to $207.1 billion in October.

Another report from the Commerce Department said new orders for U.S. manufactured goods increased in line with economist estimates in the month of October, rising by 0.3% after falling by a revised 0.8% in September.

The dollar index opened at 97.59 and eased to a low of 97.36 a little past noon. It edged up to 97.44 subsequently but dropped to 97.39 later on, losing about 0.28%.

Against the Euro, the dollar was down at $1.1106, retreating from $1.1078.

The Eurozone economy grew as initially estimated in the third quarter, revised data from Eurostat showed. Gross domestic product grew 0.2% from the second quarter, when the economy expanded at the same rate.

On a yearly basis, GDP growth came in at 1.2%, in line with the previous estimate and the second quarter growth.

The pound sterling was stronger by more than 0.4% with a unit of sterling fetching $1.3163, as against $1.3098 earlier in the session.

Against the Japanese Yen, the dollar was stronger at 108.79, compared to previous close of 108.65 yen a dollar.

The loonie was up notably with the dollar-loonie pair at 1.3175. Canada's trade deficit narrowed to C$1.08 billion in October 2019 from an upwardly revised C$ 1.23 billion in September. Economists had expected a trade deficit of C$1.37 billion.

Against the Aussie, the dollar was gaining in strength with the pair trading at 0.6835.

The Swiss franc was up 0.1% against the dollar, with the dollar-franc pair at 0.9875.

Traders were also reacting to news that House Speaker Nancy Pelosi, D-Calif., has asked the chairmen of the House committees investigating President Donald Trump to proceed with articles of impeachment.

Pelosi accused Trump of abusing his power for his own benefit by withholding military aid from Ukraine in exchange for an announcement of an investigation into his political rival, former Vice President Joe Biden.

On the trade front, a Wall Street Journal report indicates the U.S. and China are at odds over the size of Chinese agricultural purchases.

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**IFX Yvonne** · 09-12-19, 08:25

Japan GDP Revised To 1.8% In Q3

Japan's gross domestic product was bumped all the way up to a seasonally adjusted annualized 1.6 percent in the third quarter of 2019, the Cabinet Office said in Monday's revision.

That was a sharp upward move from the 0.2 percent gain originally reported last month for Q3.

On a seasonally adjusted quarterly basis, GDP was moved up to 0.4 percent from 0.1 percent in the preliminary reading.

Nominal GDP was knocked up to 0.6 percent on quarter from 0.3 percent, while the GDP deflator was unrevised at 0.6 percent.

**InstaForex Gertrude** · 10-12-19, 03:40

Australia House Prices Climb 2.4% In Q3

Residential property prices in Australia were up 2.4 percent on quarter in the third quarter of 2019, the Australian Bureau of Statistics said on Tuesday.

That beat expectations for an increase of 1.5 percent following the 0.7 percent decline in the second quarter.

On a yearly basis, house prices fell 3.7 percent - again topping forecasts for a decline of 4.6 percent following the 7.4 percent tumble in the three months prior.

House prices were up in Sydney (+3.6 percent), Melbourne (+3.6 percent), Brisbane (+0.7 percent) and Hobart (+1.3 percent), and fell in Perth (-1.2 percent), Adelaide (-0.3 percent), Canberra (-0.5 percent) and Darwin (-1.2 percent) this quarter.

Prices fell in Darwin (-5.4 percent), Sydney (-4.6 percent), Perth (-4.6 percent), Melbourne (-3.5 percent), Brisbane (-2.6 percent), Canberra (-1.4 percent) and Adelaide (-1.0 percent), and rose in Hobart (+2.1 percent) over the last twelve months.

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**InstaForex Gertrude** · 12-12-19, 02:26

Japan Core Machine Orders Tumble 6.0% In October

The total value of core machine orders in Japan was down a seasonally adjusted 6.0 percent on month in October, the Cabinet Office said on Thursday - coming in at 798.8 billion yen.

That missed forecasts for an increase of 0.7 percent following the 2.9 percent decline in September.

On a yearly basis, core machine orders sank 6.1 percent - again missing expectations for a drop of 1.9 percent following the 5.1 percent jump in the previous month.

The total value of machinery orders received by 280 manufacturers operating in Japan increased by 5.2 percent on month in October.

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**InstaForex Gertrude** · 17-12-19, 03:11

Australia Home Loans Rise 2.0% In October

The total number of home loans issued in Australia was up a seasonally adjusted 2.0 percent on month in October, the Australian Bureau of Statistics said on Tuesday - worth A$18.21 billion.

Loans for owner occupied housing rose 2.2 percent to A$13.11 billion, while investment loans gained 1.4 percent to A$5.10 billion.

On a yearly basis, overall loans gained 0.9 percent, while owner occupied loans jumped 5.7 percent and investment loans dropped 9.7 percent. Personal fixed term loans were up 3.1 percent on month and down 9.4 percent on year to A$1.73 billion.

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**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** · 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.

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**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** · 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.