Instant Forex Trading

Welcome Guest ( Log In | Register )

89 Pages V   1 2 3 > » 

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Today, 01:33 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Hong Kong Inflation Data Due On Tuesday



Hong Kong is on Tuesday scheduled to release September figures for consumer prices, highlighting an extremely light day for Asia-Pacific economic activity.

In August, inflation was up 3.5 percent on year.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220061 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 18 2019, 01:52 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Chinese Data Due On Friday



China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product and September figures for industrial production, retail sale, fixed asset investment and unemployment.

GDP is expected to rise 1.5 percent on quarter and 6.1 percent on year, slowing from 1.6 percent on quarter and 6.2 percent on year in the three months prior.

Industrial production is tipped to add 5.0 percent on year, up from 4.4 percent in August. Retail sales are expected to add an annual 7.8 percent, up from 7.5 percent in the previous month.

Fixed asset investment is called steady at 5.5 percent, while the jobless rate is predicted to be unchanged at 5.2 percent.

Japan will see September data for nationwide consumer prices, with forecasts suggesting an increase of 0.2 percent on year - slowing from 0.3 percent in August. Core CPI is pegged at an annual 0.3 percent, down from 0.5 percent in the previous month.

Hong Kong will release unemployment numbers for September; in August, the jobless rate was 2.9 percent.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220055 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 17 2019, 01:18 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Australia Unemployment Data Due On Thursday



Australia will on Thursday release jobless numbers for September, highlighting a modest day for Asia-Pacific economic activity.

The unemployment rate is expected to hold steady at 5.3 percent, with the addition of 15,000 jobs following the gain of 34,700 jobs in August. The participation rate is called unchanged at 66.2 percent.

Singapore will provide September numbers for imports, exports and trade balance. In August, imports were worth SGD41.00 billion and exports were at SGD45.18 billion for a trade surplus of SGD4.18 billion.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220053 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 16 2019, 01:50 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


New Zealand CPI Climbs 0.7% In Q3



Consumer prices in New Zealand were up 0.7 percent on quarter in the third quarter of 2019, Statistics New Zealand said on Wednesday - surpassing expectations for an increase of 0.6 percent, which would have been unchanged from the previous three months.

Housing and household utilities rose 1.2 percent on quarter, influenced by higher prices for property rates and related services (up 4.9 percent).

Food prices rose 1.3 percent, influenced by higher prices for meat, poultry, and fish (up 3.4 percent).

On a yearly basis, consumer prices advanced 1.5 percent - again exceeding expectations for 1.4 percent and down from 1.7 percent in the three months prior.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220051 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 15 2019, 03:41 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


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
.

  Forum: Economic News · Post Preview: #220050 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 14 2019, 02:11 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


New Zealand Services Sector Slows In September - BusinessNZ



The services sector in New Zealand continued to expand in September, albeit at a slower rate, the latest survey from BusinessNZ showed on Monday with a Performance of Services Index score of 54.4.

That's down from 54.6 in August, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, sales (54.4), supplier deliveries (50.5), stocks (51.8), employment (52.7) and new orders (59.3) all continued to expand last month.

"The fact that new orders/business (59.3) improved to its highest result since January should assist with general business activity going forward. However, looking more broadly the gap in performance between the services and manufacturing sectors persists. With other key economic data showing a general trend decline, the question becomes to what degree will the services sector be affected by slowing influences elsewhere in the months ahead," BusinessNZ chief executive Kirk Hope said.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220048 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 11 2019, 04:48 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Sri Lanka Central Bank Keeps Rates Unchanged



Sri Lanka's central bank left its key interest rates unchanged despite weak economic growth and higher inflation.

The monetary board of the Central Bank of Sri Lanka decided to keep the Standing Deposit Facility Rate and the Standing Lending Facility Rate steady at 7.00 percent and 8.00 percent, respectively, the bank said in a statement on Friday.

The bank had reduced the rate by 50 basis points each in May and August.

The economic growth eased to 1.6 percent in the second quarter as the Easter Sunday attacks weighed heavily on the service sector activity. The central bank forecast economic growth to remain subdued this year but a gradual recovery is expected over the medium term.

Further, the bank expects inflation to stabilize well within the desired range of 4-6 percent with transitory supply side price pressures easing.

The vulnerability of the currency is likely to be a key barrier to looser policy in the near term, Alex Holmes, an economist at Capital Economics, said.

Global sentiment should start to improve around the middle of next year, and this could allow the central bank to cut interest rates further, Holmes noted. The economist expects a 50 basis point reduction in the second half of next year.

News are provided by
InstaForex
.
  Forum: Economic News · Post Preview: #220046 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 10 2019, 03:36 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Australia Home Loans Climb 3.2% In August



The total number of home loans in Australia was up a seasonally adjusted 3.2 percent on month in August, the Australian Bureau of Statistics said on Thursday - coming in at 33,468.

That exceeded expectations for an increase of 2.3 percent following the upwardly revised 4.3 percent increase in July (originally 4.2 percent).

Personal finance commitments fell 2.2 percent in August following a 3.8 percent fall in July and was down 12.9 percent on August 2018.

The value of new lending commitments for owner occupier dwellings rose 1.9 per cent nationally in August, with rises in all states and territories apart from the Northern Territory.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220042 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 9 2019, 05:59 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Australia Consumer Sentiment Weakest Since Mid-2015



Australia's consumer confidence weakened to the lowest level in more than four years in October despite interest rate reductions, survey results from Westpac showed Wednesday.

The Westpac-Melbourne Institute Index of Consumer Sentiment dropped to 92.8 in October from 98.2 in September. This was the lowest score since July 2015.

Typically, an interest rate cut boosts confidence particularly around consumers' expectations for and assessments of their own finances.

However, in this survey the indicator measuring assessment of current family finances dropped 4.9 percent to 80.2 and that for future family finances slid 3.7 percent to a five-year low of 93.3.

Despite the rate cut, assessment for the economy for the next year plunged by 6 percent to 87.1 and the five-year outlook declined 9.1 percent to 88.9.

Consumer attitudes towards spending also deteriorated in October. The 'time to buy a major household item' sub-index declined 4.2 percent to 114.5.

Global events also contributed to the weak result in October with the deterioration in US-China trade relations weighing on the global economy amid speculation of a recession in the US, Bill Evans, chief economist at Westpac, said.

Evans noted that the board of the Reserve Bank of Australia is likely to take some time to assess the impact of the three rate cuts before deciding to move again.

Westpac expects that next move will be a further cut in the cash rate to 0.5 percent in February next year.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220041 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 8 2019, 03:10 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


At a breakneck height: recession as a "lift" for gold



Statements by a number of economists about the risk of a recession in the US economy are gaining momentum. Experts analyzed how the implementation of such a scenario will affect the price of gold, and concluded that the precious metal will appreciably rise in price.

Strategists at Goldman Sachs, the largest US bank, are confident that in the fourth quarter of this year, the cost of the yellow metal will rise to $1,600 per ounce. The reason for this, analysts believe a high probability of a recession in the US economy. Analysts of the leading analytical company Independent Strategy agree with them. They claim that in 2020, the price of gold may increase by 30% from the current key value of $1,500. Accordingly, it can reach $2000 per ounce, according to the Independent Strategy.

The appreciation of precious metals will be facilitated by the desire of market participants to maintain their capital. It is known that gold is best suited for this purpose, and the increased demand for yellow metal pushes its value up. Analysts are very optimistic about the future prospects of the gold market. They are confident that the precious metal will receive support for growth amid fear of a recession in the US economy. Note that the main threats to financial markets are weak data on the US labor market and a slowdown in economic growth.

Currently, the XAU/USD pair is trading near the levels of 1502-1503. According to analysts, the price of gold has generated two signals over the past month, one of which shows a direction to increase, the other - to decline. After the breakdown of the support level of 1487.70, the price of the precious metal may fall to the target level of 1418.25. In the case of a positive scenario and an update of the level of 1557.20, gold can reach the target level of 1595.00, analysts said. In the long run, due to increasing instability in the global economy, analysts recommend opening long positions in precious metals.

At the moment, the yellow metal is trading in the range of $1,505– $1,507 per ounce, completing the correction phase. Gold prices recovered the lion's share of the previous loss in relation to major currencies, as global stock markets fell after the US due to the weakest data on production in the US. At the moment, the score is 1:0 in favor of the precious metal, which plays into the hands of the high probability of monetary policy easing by regulators of Australia and Japan.

In the short term, the yellow metal could quickly return to local resistance at $1,530 per ounce, analysts warn. For further take-off to multi-year highs, powerful geopolitical or economic triggers will be required, the main of which may be the risk of a recession in the United States. Goldman Sachs analysts emphasize that the long-term forecast for the cost of precious metals is highly dependent on economic growth in the United States. Analysts recall the growing risk of a recession in the US economy, which is increasing annually. Goldman Sachs believes that the recession in the United States will become a kind of "lift" for gold, capable of pushing the precious metal to the next price peaks.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220039 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 7 2019, 05:34 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


China's Forex Reserves Decline In September



China's foreign exchange reserves declined in September, figures from the People's Bank of China showed over the weekend.

Forex reserves totaled $3.092 trillion at the end of September compared to $3.107 trillion in August. The expected level was $3.105 trillion.

The currency exchange rate and changes in asset prices affected the level of foreign exchange reserves.

Martin Lynge Rasmussen, an economist at Capital Economics, said the central bank relied on state banks during August to contain forex volatility, but the latest forex reserves figures suggests that last month this may have been either replaced with, or supplemented by, direct forex sales by the PBoC.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220038 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 4 2019, 05:30 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


UK Economic Conditions Deteriorate On Weak Manufacturing Activity: BCC



The UK economic conditions weakened in the third quarter reflecting a marked deterioration in manufacturing sector activity, survey results from the British Chambers of Commerce showed Friday.

According to Quarterly?Economic?Survey, manufacturing firms reporting increased domestic sales fell to zero. The domestic order balance entered negative territory for the first time in seven years, to -7 in the third quarter. Both are at their weakest since the fourth quarter of 2011.

The balance of manufacturing firms reporting increased export sales dropped to +3, the lowest level since the fourth quarter of 2015 and the balance for export orders went negative and came in at its weakest level since the third quarter of 2009.

The dominant services sector reported a decrease in the balance of firms reporting increased domestic sales and orders, and export orders, the survey showed. The domestic sales balance of service providers slid to 15 and the balance for domestic orders dropped marginally to 9 in the third quarter.

Manufacturers' cashflow position - a key indicator of the financial health of a business, deteriorated. In the services sector, cashflow held steady at a low level.

"A stuttering services sector coupled with a worrying downturn in manufacturing activity indicates that any bounce back in UK GDP growth from the contraction in the second quarter is likely to be underwhelming at best," Suren?Thiru, Head of Economics at the BCC, said.

"This is a reality check, not scaremongering or politicking. These are some of the worst figures we've seen in a decade - and jobs, businesses, and the future success of our communities are on the line," Adam Marshall, Director General of the BCC, said.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220032 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 3 2019, 03:04 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Japan Services PMI Falls To 52.8 In September - Jibun



Japanese firms' inflation expectations held steady in the third quarter, the Tankan The services sector in Japan continued to expand in September, albeit at a slower rate, the latest survey from Jibun Bank revealed on Friday with a PMI score of 52.8.

That's down from the 22-month high of 53.3 in August, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output was up solidly in September, although new orders grew at a pace below trend for 2019. Selling charges increased only fractionally.

The survey also showed that the composite index came in at 51.5, down from 51.9 in August.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220029 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Oct 2 2019, 07:10 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Japan Corporate Inflation Expectations Remain Stable



Japanese firms' inflation expectations held steady in the third quarter, the Tankan summary of "Inflation Outlook of Enterprises" from Bank of Japan showed Wednesday.

Companies expect annual inflation of 0.9 percent in the year ahead, unchanged from the previous outlook.

Similarly, the three-year ahead inflation is seen at 1 percent, the same rate as estimated in June. The projection for next five years was retained at 1.1 percent.

The central bank aims at achieving price stability of 2 percent since 2013. Although the bank unveiled various quantitative and qualitative easing, inflation still remains well below the target.

The Tankan survey results published on Tuesday showed that the business conditions for large manufacturers declined moderately to 5 in the third quarter from 7 in the second quarter.

Likewise, the business conditions index for non-manufactures dropped to 21 from 23.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #220027 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 27 2019, 05:06 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


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
.

  Forum: Economic News · Post Preview: #220019 · Replies: 2653 · Views: 550,493

Results of four rounds of InstaForex contests summed up
IFX Gertrude
Posted on: Sep 27 2019, 04:02 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Results of four rounds of InstaForex contests summed up

InstaForex Sniper
The keenest and fastest traders compete in the InstaForex Sniper contest. Today, Ivan Vladimirovich Pavlov from Russia is recognized as such. He outpaced his rivals and became the winner. We congratulate the record holder and rejoice at his success! We invite other traders to participate! The next stage of the InstaForex Sniper contest will be held from September 30, 2019, to October 4, 2019.

One Million Option
One Million Option is one of the most popular contests from InstaForex. A lot of participants are longing for a strong competitive spirit, excitement, and adrenaline! The real optimists compete for the title of the best option trader in the hot struggle. Following the results of the contest's regular stage, Sergey Georgievich Bogdanov from Ukraine became the prize owner. We congratulate the winner and remind that the next stage of One Million Option from InstaForex will start on September 30, 2019, and come to an end on October 4, 2019.

FX-1 Rally
The best performance during the regular stage of the FX-1 Rally was demonstrated by Vyacheslav Eduardovich Mezenov from Russia. InstaForex congratulates the winner and wishes him to keep up the efforts and confirm the title of the best pilot in the next stages of the FX-1 Rally contest. If you are not afraid of a tough fight and are ready to take part in a breathtaking race for leadership, you are welcome to the start of the regular stage of FX-1 Rally! You can register and participate in the next race that will be held from 00:00 September 27, 2019, to 23:59 September 27, 2019.

Real Scalping
Real Scalping contest requires sharp reaction, curiosity, and desire to learn. Experience teaches slowly and at the cost of mistakes. Therefore, a trader needs to excel the skills patiently. Today, Ridwan from Indonesia was the number one. Congratulations! Keep it this way! We invite all the traders to use this opportunity to fight and win in the next stage of the contest that will take place from October 7, 2019, until October 25, 2019.

Learn more about contests
Photos and comments of the finalists
  Forum: Company's news · Post Preview: #220018 · Replies: 0 · Views: 155

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 26 2019, 04:55 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


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
.

  Forum: Economic News · Post Preview: #220011 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 24 2019, 05:04 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


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.

Currently, the GBP/USD pair is trying to "hold face" and not slide to the lows, however, analysts are at a loss to answer how long the pound will last. Like a true English gentleman, it seeks to remain steadfast and a good face in any game.

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
.

  Forum: Economic News · Post Preview: #220005 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 23 2019, 07:04 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


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
.

  Forum: Economic News · Post Preview: #219999 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 20 2019, 03:46 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


The dollar is trying to unravel the Fed's plans



The central event of this week - the next meeting of the Federal Reserve - did not bring clarity. Analysts continue to wonder what to expect from the regulator in the future.

However, unlike US President Donald Trump, who called Fed Chairman Jerome Powell "a terrible communicator," financial markets seem to have clearly understood the hints of the latter. The Federal Reserve chief's statement that the central bank is ready to aggressively reduce the interest rate in the event of a deterioration in the well-being of the US economy, caused the S&P 500 to grow most rapidly over the past six weeks. Prior to that, the index dipped under the influence of the regulator's rate forecasts: 7 out of 17 FOMC members believe that it should be reduced by 25 basis points by the end of the year, 5 believe that it will remain unchanged, and 5 would like to see not one, but two acts of monetary expansion. Apparently, investors were frightened not by the easing of the Fed's monetary policy (of which I have been certain for a long time already), but by the fact that the rate on federal funds is likely to remain at 1.75% until the end of next year.

Of course, you can talk for a long time about what affected the split in the ranks of the FOMC (3 out of 10 Committee members voted against lowering the interest rate from 2.25% to 2%), but when so much uncertainty is observed on the market, pluralism of opinions is inevitable. Experts call the current situation as "Powell's puzzle": the Fed is forced to balance between strong macro statistics in the United States, which allowed it to increase the country's GDP for the current year from 2.1% to 2.2%, and international threats, including trade conflicts and Brexit.

The mixed reaction of the markets and the lack of a clear signal from the Fed about the weakening of monetary policy in 2019 caused another bout of anger from the head of the White House, Donald Trump.

"Jay Powell and the Federal Reserve Fail Again. No "guts", no sense, no vision! A terrible communicator!", D. Trump wrote on Twitter.

Although the Fed chairman prefers to ignore such attacks against him, this time he commented on the idea of negative interest rates called for by the US president. According to J. Powell, if the situation begins to deteriorate, then the central bank will revive QE rather than lower the federal funds rate below zero.

The day before, the greenback slightly strengthened across the entire spectrum following the results of the September FOMC meeting, but today it is gradually losing ground, since the Fed still does not have a consensus on further actions to adjust the monetary rate.

The market is not completely sure how the US central bank will behave. Most analysts expect the regulator to further trim the rate on federal funds this year, but only one reduction is laid.

Probably, investors will wait for some new signals. In recent days, the trade war between the US and China has left the information field. If another escalation of the conflict occurs, the market may perceive this as a signal for more active easing of the monetary policy of the Federal Reserve.

"It is obvious that the Fed does not have a consensus on what to do next: on the one hand, D. Trump presses, blaming the central bank leadership for incompetence and demanding an urgent interest rate cut to zero or lower, on the other, there are no formal reasons for this," he said ING chief economist James Niley.

Valentin Marinov, Head of Currency Research at Credit Agricole, calls the FOMC decision to trim rates as "hawkish" cuts, believing that such a move is positive for the greenback.

"I believe that currencies that are more closely correlated with investor sentiment regarding risky assets will be more vulnerable to the dollar than the euro, yen and gold," he said.

"I think the Fed will succeed if it can slightly weaken the dollar's position, and make the curve of its fall rate a little steeper. Markets have already shown the expectation of another cut in the base interest rate in December, "said Jim Caron of Morgan Stanley.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #219993 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 19 2019, 05:28 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Bank Of Japan Keeps Policy Unchanged



The Bank of Japan kept its monetary policy unchanged as widely expected on Thursday, after the U.S. Federal Reserve resorted to further easing.

The Policy Board of the BoJ voted 7-2 to maintain interest rate at -0.1 percent on current accounts that financial institutions maintain at the bank.

The bank said it will purchase government bonds so that the yield of 10-year JGBs will remain at around zero percent.

Further, the bank will purchase JGBs in a flexible manner so that their outstanding amount will increase at an annual pace of about JPY 80 trillion.

The bank said it will reexamine economic and price developments at the next monetary policy meeting in October, when it updates the outlook for economic activity and prices. The bank repeated that it will not hesitate to take additional easing measures if needed.

It is worth recalling that the Bank made similar pledges in 2016 amid concerns over China's economy, but never followed through on them, Marcel Thieliant, an economist at Capital Economics, said.

Since then, concerns over the impact of looser policy on the health of banks have intensified. As such, the BoJ will keep its interest rate targets unchanged over the coming year, the economist noted.

Regarding economic outlook, the BoJ said Japan's economy is likely to continue on a moderate expanding trend, despite being affected by the slowdown in overseas economies for the time being.

Further, the bank said it is necessary to pay closer attention to the possibility of losing momentum towards achieving the price stability target.

News are provided by
InstaForex
.

  Forum: Economic News · Post Preview: #219979 · Replies: 2653 · Views: 550,493

Results of four InstaForex contests rounds summed up
IFX Gertrude
Posted on: Sep 19 2019, 04:01 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


Results of four InstaForex contests rounds summed up

We have summed up the results of interim stages of four InstaForex contests and determined the winners. We are ready to unveil the names of traders who outperformed other contestants in InstaForex Sniper, FX-1 Rally, One Million Option, and Lucky Trader contests.

InstaForex congratulates the winners and wishes good luck to all the other contestants!

InstaForex Sniper
The keenest and fastest traders compete in InstaForex Sniper contest. This time, Osama Hamed Ibrahim Mousa from Egypt took the lead. He outpaced his rivals and came first. We congratulate the winner and rejoice at his success! Don't hesitate to participate. You can also be the winner! Hurry to register for the next stage of InstaForex Sniper contest that will be held from September 23, 2019 to September 27, 2019.

One Million Option
One Million Option is one of the most popular contests offered by InstaForex. It attracts a lot of participants, thus creating a strong competitive spirit, excitement, and adrenaline. True optimists compete for the title of the best option trader in a hot struggle. We are pleased to announced that Valery Kuzishin from Ukraine won the latest stage of the contest. We congratulate the winner and remind that the next stage of One Million Option from InstaForex will start on September 16, 2019 and come to an end on September 20, 2019. The contest is held weekly.

FX-1 Rally
Dmitrii Nazimov from Russia came first in a regular stage of FX-1 Rally contest from InstaForex. We congratulate the winner and wish him to keep up the efforts and confirm the title of the best pilot in the next stages of FX-1 Rally. If you are not afraid of a tough fight and are ready to take part in a breathtaking race for leadership, you are welcome to the start of the regular stage of FX-1 Rally! You can register and participate in the next race that will be held from 00:00 on September 20, 2019 to 23:59 on September 22, 2019.

Lucky Trader
A steady hand and striving for success are the keys to the victory in two-week Lucky Trader marathon. If you can hold a perfect trading session within Lucky Trader contest and spend two weeks for it, as Igor Gerasimov from Russia did, you will also get a chance to triumph in one of the stages. We remind you that the next stage of the competition runs from September 30, 2019 to October 11, 2019.

Learn more about contests
Photos and comments of the finalists
  Forum: Company's news · Post Preview: #219978 · Replies: 0 · Views: 195

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 18 2019, 02:52 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


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
.

  Forum: Economic News · Post Preview: #219973 · Replies: 2653 · Views: 550,493

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Sep 17 2019, 04:12 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


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
.

  Forum: Economic News · Post Preview: #219969 · Replies: 2653 · Views: 550,493

New partnership, new players, and new bonus in Chancy Deposit campaign
IFX Gertrude
Posted on: Sep 17 2019, 02:19 AM


Honorary Member
****

Group: Representative
Posts: 2,223
Joined: 14-August 12
Member No.: 14,240


New partnership, new players, and new bonus in Chancy Deposit campaign



New partnership, new players, InstaForex is pleased about sharing wonderful news with all its clients. Prominent football club Borussia Dortmund has become an official partner of InstaForex. Partnership with one of the most popular and award-winning German football clubs is sure to encourage every player of our big team. What a great example to follow!

To mark this important event, we have increased the size of the bonus in the Chancy Deposit campaign to $4,000. Register for the campaign, find a new source of inspiration, and set ambitious goals with strong football players.

The participation terms are very easy. All you need to do is deposit your trading account until the end of September. On this condition, you automatically contend for the bonus of $4,000.

Good luck!

InstaForex team
  Forum: Company's news · Post Preview: #219968 · Replies: 0 · Views: 134

89 Pages V   1 2 3 > » 

New Posts  New Replies
No New Posts  No New Replies
Hot topic  Hot Topic (New)
No new  Hot Topic (No New)
Poll  Poll (New)
No new votes  Poll (No New)
Closed  Locked Topic
Moved  Moved Topic
 

Lo-Fi Version   Partnership with InstaForex   Open account in InstaForex   Support InstaForex Time is now: 22nd October 2019 - 10:11 AM
Financial services provided by InstaForex Companies Group
© 2008-2019
   
InstaForexTM is a registered trademark of InstaForex Group