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IFX Gertrude
Posted on: Today, 07:30 AM


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IMF lowers global growth forecasts, what to expect financial markets

The International Monetary Fund has reduced its forecasts for global economic growth for 2019 and 2020 due to weakness in Europe and in some emerging markets, and said that trade tensions could destabilize the world economy even more. This is the second decline in three months. The lender also called a more serious than expected slowdown in the Chinese economy and the possible "problem" Brexit risks that could cause turbulence in financial markets. The IMF expects the growth of the world economy in 2019 to be 3.5 percent, and in 2020, 3.6 percent, which is lower by 0.2 and 0.1 percent, respectively, from forecasts in October last year.

"The trend of global growth is shifting downward. Escalating trade tensions beyond that already included in the forecast remains a key source of risk. Trade policy uncertainties and concerns about escalation and retaliation will lead to a decrease in industrial investment, disruption of supply chains and a slowdown in productivity growth. As a result, worsening corporate profitability prospects may affect financial market sentiment and further weaken economic growth," the IMF said in a statement.

The IMF said that growth in the eurozone will be moderate, falling from 1.8 percent in 2018 to 1.6 percent in 2019, which is 0.3 percentage points lower than predicted three months ago. The IMF also lowered its growth forecast in 2019 for developing countries to 4.5 percent, which is 0.2 percentage points lower than the previous forecast and 4.7 percent in 2018. But it kept its growth forecasts for the USA, 2.5 percent this year and 1.8 percent in 2020, indicating continued growth in domestic demand.

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IFX Gertrude
Posted on: Today, 03:56 AM


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Euro may strengthen against the dollar to $ 1.22 - CIBC

China's economy is expected to continue to slow down this year particularly on domestic demand and exports affected by US tariffs. Beijing will most likely have to deploy additional incentive measures.



Despite weak eurozone statistics, Canadian Imperial Bank of Commerce (CIBC) analysts remain bullish on the euro.

"Eurozone statistics for the third quarter turned out to be the weakest over the past four years, which apparently explains the uncertain behavior of the single European currency. It is assumed that external trade pressure, as well as political uncertainty in Italy and France, will continue, causing a further slowdown in the pace of recovery in eurozone GDP," representatives of the financial institution said.

"Meanwhile, the situation in the European labor market remains favorable, which ensures a high level of consumer spending, and hence GDP growth. In the third quarter, wages increased by a record value in almost 10 years. At the same time, the unemployment rate fell below 8% for the first time in the last decade," they added.

"Despite the fact that the balance of risks has probably shifted to the negative side, the ECB continues to consider the economic outlook for the eurozone to be rather positive, which will further allow the regulator to carry out, albeit careful, but still raising interest rates. It is possible that this will happen in the second half of the year against the backdrop of consistently high inflation expectations," the experts noted.

According to the CIBC forecast, by the end of this year, the euro against the dollar may rise to $ 1.22.

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  Forum: Economic News · Post Preview: #219185 · Replies: 2476 · Views: 446,562

Results of regular rounds of InstaForex contests summed up
IFX Gertrude
Posted on: Yesterday, 03:32 AM


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Results of regular rounds of InstaForex contests summed up

The results are summed up, and the winners are determined. Today, we will name the winners of the following four contests: InstaForex Sniper, FX-1 Rally, Lucky Trader, and Real Scalping. We congratulate the winners, and wish good luck to all the other participants!

InstaForex Sniper
Fortune favors the keenest and fastest traders in the InstaForex Sniper contest. According to the results of the last stage of InstaForex Sniper, Igor Yurievich Gerasimov became the winner. We congratulate the prize owner and wish him to keep it that way. So, register and join us! The next stage of the InstaForex Sniper contest will be held from January 21, 2019 to January 25, 2019.

FX-1 Rally
The best performance during the regular stage of FX-1 Rally was successfully demonstrated by a trader from Morocco, lahbibagourram. We congratulate the winner and wish him to confirm his reputation of the best trader in the next stages of the FX-1 Rally contest. If you are ready for a tough fight and want to prove yourself in the race for leadership, then welcome to the start of a regular stage of FX-1 Rally! You can register and participate in the next race that will be held from 00:00 January 18, 2019 to 23:59 January 18, 2019.

Lucky Trader
Will, concentration on success, determination, and patience are the key to triumph and excellent results in the Lucky Trader contest. Perhaps you will be able to surpass the achievements of a trader from Bangladesh, ParvezAhmed, who has achieved the glorious victory in the regular stage of Lucky Trader. So, do not waste a chance to become a winner! The next stage of the contest will start on January 21, 2019 and come to an end on February 1, 2019.

Real Scalping
Short-term trading is a rather complex and painstaking type of trading which requires focused attention. Not everyone has enough of attention, concentration, and decision speed to succeed in this type of trading. However, these are the qualities which are required to achieve high results in scalping. This time, Anastasia Igorevna Oreshkina managed to demonstrate these skills and took the first place in the latest stage of the contest. InstaForex congratulates the winner and invites all those who have not got lucky yet, to take part in the next stage of the contest. Anyone wishing to test their strength in the competition can register for the next round which will be held from February 4, 2019 to February 22, 2019.

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IFX Gertrude
Posted on: Jan 18 2019, 06:13 AM


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China's growth will slow in 2019 and threatens the financial world

China's economy is expected to continue to slow down this year particularly on domestic demand and exports affected by US tariffs. Beijing will most likely have to deploy additional incentive measures.

According to forecasts, China's economic growth will slow to 6.3 percent this year and will be the weakest in 29 years. A significant slowdown in growth in China has already been observed. The resumption of negotiations between the United States and China has increased optimism that Washington may agree to suspend the planned tariff increase, which was originally scheduled to take effect this month. However, a comprehensive agreement to end the dispute seems unlikely, given the number of highly controversial and politically sensitive issues. Even if both sides can conclude a long-term trade deal, it will provide only minor relief to the Chinese economy if Beijing cannot increase domestic investment and demand.

Sources said that China plans to lower its target for economic growth between 6 to 6.5 percent this year. Weak industrial growth and lower consumer spending reduce company profits. Moreover, it also discourages new investment and increases the risk of high job losses. Since earlier growth measures had little impact, we expect Beijing to deploy more incentives in the coming months to prevent a sharp slowdown. More large-scale tax cuts are expected, along with measures to increase consumer demand for products such as household appliances and cars. Both fiscal and monetary policies eased over the past few months and this should begin to spread to the real economy by the second half of this year.

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IFX Gertrude
Posted on: Jan 17 2019, 07:20 AM


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Oil reserves in the US for the week decreased by 0.6%, stronger than forecast


According to the Energy Information Administration of the Ministry of Energy, commercial oil reserves in the US (excluding strategic reserves) declined by 2.7 million barrels, or 0.6%, to 437.1 million barrels. Analysts predicted a decline in stocks of only 1.32 million barrels, to 438.38 million barrels.

Oil production in the United States increased by 200 thousand barrels up to 11.9 million barrels per day.

Oil reserves at the country's largest terminal in Cushing decreased by 0.8 million barrels to 41.5 million barrels. Gasoline stocks also showed an increase of 3% (+7.5 million barrels), to 255.6 million barrels. Distillate stocks rose by 2.1% (+3 million barrels), to 143 million barrels.

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  Forum: Economic News · Post Preview: #219169 · Replies: 2476 · Views: 446,562

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IFX Gertrude
Posted on: Jan 17 2019, 04:02 AM


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British authorities hold power, Nomura sells EUR / GBP

There is a possibility that British Prime Minister Theresa May will resign within a few days after a devastating vote. Still, Nomura does not believe in tough Brexit, waiting for the stabilization of the political situation in the country and the growth rate of sterling. Thus, currency strategists explained the opening of a short position in EUR / GBP pair from 0.8880.

London representatives of the bank reported that the position of British Prime Minister Theresa May looks quite constructive. Her desire to lengthen the term of Article 50 of the Lisbon Treaty and the intention to begin inter-party negotiations on the country's withdrawal from the group will most likely allow the British government to retain power.

If a vote of no confidence is announced to the government, the pound may drop by 3%.

The bank estimates that next week traders will focus on what Ms. May can offer as a backup plan.

Many political analysts believe that the British Prime Minister will once again "stand on his feet." May lost in the House of Commons, but "there is no immediate threat to her position." Theresa May will remain in power, as the Democratic Unionist Party and the Conservatives, who voted against her unpopular EU exit deal, will support her.

Note that Ms. May herself contacted, saying that the British government is already busy searching for an acceptable Brexit plan, which would receive the support of parliamentarians.

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  Forum: Economic News · Post Preview: #219168 · Replies: 2476 · Views: 446,562

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IFX Gertrude
Posted on: Jan 15 2019, 08:26 AM


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Dutch Retail Sales Growth At 7-Month High



Dutch retail sales grew the most in seven months during November, mainly driven by non-food sales, figures from the Central Bureau of Statistics showed on Tuesday.

Retail sales rose a working-day adjusted 4.1 percent year-on-year following a 3.3 percent increase in October.

The pace of growth was the fastest since April, when sales rose 5.8 percent.

Food sales rose 2.5 percent and non-food sales increased 3.8 percent, largely led by increased demand for consumer electronics, shoes and leather goods.

Online sales surged nearly 20 percent in November.

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  Forum: Economic News · Post Preview: #219164 · Replies: 2476 · Views: 446,562

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IFX Gertrude
Posted on: Jan 15 2019, 03:30 AM


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New Zealand December Food Prices Rise Seasonally Adjusted 0.5%



Food prices in New Zealand advanced a seasonally adjusted 0.5 percent on month in December, Statistics New Zealand said on Tuesday.

Unadjusted, food prices were down 0.2 percent last month.

In December, fruit and vegetable prices fell 1.1 percent (down 0.6 percent after seasonal adjustment) on month; meat, poultry, and fish prices rose 0.2 percent; grocery food prices rose 0.1 percent (up 0.5 percent after seasonal adjustment); non-alcoholic beverage prices fell 2.6 percent; and restaurant meals and ready-to-eat food prices rose 0.2 percent.

On a yearly basis, food prices were up 1.0 percent in December.

In December, fruit and vegetable prices decreased 6.1 percent on year; meat, poultry, and fish prices increased 3.8 percent; grocery food prices increased 1.4 percent; non-alcoholic beverage prices decreased 0.2 percent; and restaurant meals and ready-to-eat food prices increased 2.9 percent.

"Overall, getting your five-plus a day servings of fruit and vegetables was cheaper in 2018," consumer prices manager Geraldine Duoba said. "Bad weather in 2017 reduced the supply of many vegetables, pushing up their prices. Growing conditions were mostly more favorable during 2018, boosting supply and lowering prices."

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  Forum: Economic News · Post Preview: #219163 · Replies: 2476 · Views: 446,562

InstaForex congratulates on Christmas and New 2019 Year!
IFX Gertrude
Posted on: Dec 27 2018, 04:04 AM


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Joined: 14-August 12
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InstaForex congratulates on Christmas and New 2019 Year!



Catholic Christmas is the first winter holiday which is welcomed by adults and kids. This family holiday is eagerly anticipated long before the festivities. InstaForex is no exception. We are delighted to congratulate our clients and by tradition wish them peace, success, happiness, and good luck! Besides, we would like to wish everyone patience, faith, and bright prospects.

May your home be filled with warmth, serenity, and welfare. May you life be accompanied by pleasant changes and wonderful events which will arouse radiant smiles and lovely memories. Ahead of the long-awaited beautiful holiday, the time is ripe to sum up the passing year and draw up plans for the future. Enjoy a well-deserved break, Christmas, and New Year festivities! We are full of great hopes. We believe that our joint efforts will bear fruit. Together we will overcome all obstacles and achieve ambitious goals.

We wish all our friends love and prosperity! Merry Christmas and Happy New Year!
  Forum: Company's news · Post Preview: #219123 · Replies: 0 · Views: 124

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IFX Gertrude
Posted on: Dec 21 2018, 08:29 AM


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Euro Mixed Ahead Of German Import Price Index, GfK Survey



German import price index for November and GfK consumer sentiment index for January are scheduled for release at 2:00 am ET Friday. Ahead of these data, the euro traded mixed against its major counterparts. While the euro rose against the greenback and the yen, it held steady against the franc. Against the pound, it retreated.

The euro was worth 127.59 against the yen, 0.9043 against the pound, 1.1455 against the greenback and 1.1308 against the franc as of 1:55 am ET.

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  Forum: Economic News · Post Preview: #219104 · Replies: 2476 · Views: 446,562

Australia Unemployment Rate Climbs To 5.1% In November
IFX Gertrude
Posted on: Dec 20 2018, 05:45 AM


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Australia Unemployment Rate Climbs To 5.1% In November

[IMG]https://forex-images.ifxdb.com/analysts/big_preview/unemployment-rate/12.jpg[IMG]

The jobless rate in Australia came in at a seasonally adjusted 5.1 percent in November, the Australian Bureau of Statistics said on Thursday.

That exceeded expectations for 5.0 percent, which would have been unchanged from the October reading.

The Australian economy added 37,000 jobs to 12,694,300 last month - blowing away expectations for an increase of 20,000 jobs following the gain of 32,800 in the previous month.

Full-time employment decreased 6,400 to 8,684,600 and part-time employment increased 43,400 to 4,009,600.

Unemployment increased 12,500 to 683,100. Male unemployment increased 11,500 persons and female unemployment increased 1,000 persons.

The participation rate was 65.7 percent, beating forecasts for 65.6 percent - which would have been unchanged from a month earlier.

Monthly hours worked in all jobs decreased 3.3 million hours to 1,759.5 million hours.

The monthly trend underemployment rate increased less than 0.1 pts to 8.4 percent.

The monthly trend underutilization rate remained steady at 13.5 percent. The monthly seasonally adjusted underemployment rate increased 0.2 pts to 8.5 percent.

The monthly seasonally adjusted underutilization rate increased 0.2 pts to 13.6 percent.

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  Forum: Economic News · Post Preview: #219101 · Replies: 0 · Views: 170

Three more interim stages of InstaForex contests summed up today
IFX Gertrude
Posted on: Dec 20 2018, 05:10 AM


Honorary Member
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Group: Representative
Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


Three more interim stages of InstaForex contests summed up today

The results of three more interim stages of InstaForex contests are out. Therefore, today we are ready to unveil the names of winners in FX-1 Rally, InstaForex Sniper, and One Million Option contests.

InstaForex congratulates the winners and would like all the participants to see their names in future contests' digests. Believe in your luck!

FX-1 Rally
Ilya Nikolaevich Prokopets from Kazakhstan scored a victory in the latest stage of FX-1 Rally contest. We salute the champion and wish him to keep ruling in further stages of the contest. If you are not afraid of an intense clash and ready to plunge into the race for leadership – welcome to the start of the next stage of FX-1 Rally contest that will be held from 00:00 December 21, 2018 to 23:59 December 21, 2018. Register and participate!

InstaForex Sniper
InstaForex Sniper is a contest for the most prompt and sharp-eyed traders. Today Aleksey Ivanovich Seledtsov showed such skills and got lucky to hit a jackpot. Be a success story as well! We remind you that the next stage of InstaForex Sniper contest is running from December 24, 2018 until December 25, 2018.

One Million Option
One Million Option is one of the most popular contests by InstaForex. There are always a lot of participants in this contest and, therefore, keen competition, excitement, and adrenaline! Highly motivated traders accept the tough challenge to get the title of the best option trader. We are pleased to announce that Vladimir Nikolaevich Komissarov triumphed in the latest stage of One Million Option contest. Congratulations!

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IFX Gertrude
Posted on: Dec 19 2018, 08:16 AM


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Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


Euro Little Changed After German PPI



Following the release of German producer prices for November at 2:00 am ET Wednesday, the euro changed little against its major counterparts.

The euro was trading at 127.99 against the yen, 1.1299 against the franc, 0.8995 against the pound and 1.1385 against the greenback around 2:03 am ET.

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  Forum: Economic News · Post Preview: #219096 · Replies: 2476 · Views: 446,562

InstaForex Loprais Team on path to Dakar 2019
IFX Gertrude
Posted on: Dec 19 2018, 05:15 AM


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InstaForex Loprais Team on path to Dakar 2019



The 2019 Dakar Rally is going to kick off in a few weeks. Aleš Loprais , his Spanish navigator Ferran Marco Alcayna, and chief mechanic Petr Pokora will set about a rally raid on January 6 in Lima. The racing team has to go through 10 stages in the truck category.

The team had been fine-tuning their Tatra at the workshop in the town of Frenštát pod Radhoštěm until the departure. Eventually, InstaForex Loprais Team left for Le Havre, France, to arrange some administrative formalities. There, they will embark on board a ship to sail to Peru.

“If we had been given one more week for preparations, we would be still working on the car as there is always something to do. The development of our racing Tatra is our everyday routine and it's a long-term process. While our fleet is heading to America, I've moved to Dubai to practise in the sand dunes until the end of the month as Dakar Rally organisers are promising about 70 per cent of sand."

Aleš Loprais debuted at the Dakar rally in 2006 as a navigator for his famous uncle. Since then, Aleš has not missed a single rally. On the whole, he has participated in 12 Dakar races, won 9 stages, and finished 5 times in overall TOP 10. In early January, the Tatra truck of InstaForex Loprais Team bearing number 507 will face the racing challenge.
  Forum: Company's news · Post Preview: #219094 · Replies: 0 · Views: 45

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IFX Gertrude
Posted on: Dec 18 2018, 07:50 AM


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Franc Mixed Ahead Of SECO Economic Forecasts



Switzerland's State Secretariat for Economic Affairs is set to publish its quarterly economic forecasts at 1:45 am ET Tuesday. Ahead of the data, the franc traded mixed against its major counterparts. While the franc held steady against the yen, it fell against the greenback and the pound. Against the euro, it rose.

The franc was worth 113.37 against the yen, 1.1268 against the euro, 1.2541 against the pound and 0.9933 against the greenback as of 1:40 am ET.

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  Forum: Economic News · Post Preview: #219089 · Replies: 2476 · Views: 446,562

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IFX Gertrude
Posted on: Dec 17 2018, 08:40 AM


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Turkey Jobless Rate At 19-month High



Turkey's unemployment rate grew for a fifth straight month to its highest level in over one-and-a-half years, figures from the Turkish Statistical Institute showed on Monday.

The jobless rate climbed to 11.4 percent from 11.1 percent in August. The latest figure was the highest since March 2017, when the rate was 11.7 percent.

The number of unemployed grew to 3.75 million persons from 3.67 million in the previous month. Employment fell to 29.01 million from 29.32 million.

The seasonally adjusted unemployment rate edged up to 11.3 percent from 11.2 percent.

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  Forum: Economic News · Post Preview: #219086 · Replies: 2476 · Views: 446,562

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IFX Gertrude
Posted on: Dec 14 2018, 08:10 AM


Honorary Member
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Group: Representative
Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


Euro Mixed Ahead Of German WPI



Destatis will release German wholesale prices for November at 2:00 am ET Friday. Ahead of the data, the euro traded mixed against its major rivals. While the euro fell against the greenback and the yen, it rose against the pound. Against the franc, it held steady.

The euro was worth 1.1348 against the greenback, 128.89 against the yen, 1.1290 against the franc and 0.9001 against the pound as of 1:55 am ET.

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  Forum: Economic News · Post Preview: #219081 · Replies: 2476 · Views: 446,562

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IFX Gertrude
Posted on: Dec 14 2018, 08:09 AM


Honorary Member
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Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


Euro Mixed Ahead Of German WPI



Destatis will release German wholesale prices for November at 2:00 am ET Friday. Ahead of the data, the euro traded mixed against its major rivals. While the euro fell against the greenback and the yen, it rose against the pound. Against the franc, it held steady.

The euro was worth 1.1348 against the greenback, 128.89 against the yen, 1.1290 against the franc and 0.9001 against the pound as of 1:55 am ET.

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InstaForex
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  Forum: Economic News · Post Preview: #219080 · Replies: 2476 · Views: 446,562

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Dec 13 2018, 08:10 AM


Honorary Member
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Group: Representative
Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


Euro Mixed Ahead Of German CPI



At 2:00 am ET Thursday, Destatis will release German final inflation data for November.

Ahead of the data, the euro traded mixed against its major counterparts. While the euro held steady against the yen and the franc, it rose against the pound and the greenback.

The euro was worth 1.1372 against the greenback, 129.00 against the yen, 1.1297 against the franc and 0.9009 against the pound as of 1:55 am ET.

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  Forum: Economic News · Post Preview: #219079 · Replies: 2476 · Views: 446,562

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Dec 12 2018, 08:46 AM


Honorary Member
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Group: Representative
Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


Singapore Retail Sales Growth Slows Sharply In October



Singapore's retail sales grew for a second straight month in October, but the pace of increased slowed sharply, amid weaker sales in department stores and supermarkets.

Retail sales at current prices edged up 0.1 percent year-on-year after a 1.9 percent gain in September. In August, sales fell 0.4 percent.

On a seasonally adjusted basis, retail sales dropped 0.4 percent month-on-month in October, same as in September.

Excluding automobiles, retail sales grew 0.5 percent yearly after a 1.7 percent gain in September. Compared to the previous month, sales fell 2.1 percent in October following a 0.1 percent drop in the previous month

Year-on-year, department store sales fell 3.6 percent, while sales at supermarkets and hypermarkets dropped 2.9 percent. Motor vehicles sales decreased 2 percent.

Sales at petrol service stations logged the biggest increase of 11.4 percent, followed by medical goods and toiletries with a 3.4 percent rise.

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  Forum: Economic News · Post Preview: #219075 · Replies: 2476 · Views: 446,562

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Dec 11 2018, 05:36 AM


Honorary Member
****

Group: Representative
Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


Australia Q3 House Price Index Drops 1.5%



House prices in Australia fell 1.5 percent on quarter in the third quarter of 2018, the Australian Bureau of Statistics said on Tuesday.

That exceeded expectations for a decline of 1.6 percent following the 0.7 percent drop in the three months prior.

On a yearly basis, house prices skidded 1.9 percent - again exceeding forecasts for a fall of 2.0 percent following the 0.6 percent decline in the previous three months.

The capital city residential property price indexes fell in Melbourne (-2.6 percent), Sydney (-1.9 percent), Perth (-0.6 percent) and Darwin (-0.9 percent), and rose in Brisbane (+0.6 percent), Adelaide (+0.6 percent), Hobart (+1.3 percent) and Canberra (+0.5 percent).

Annually, residential property prices fell in Sydney (-4.4 percent), Darwin (-4.4 percent), Melbourne (-1.5 percent), Perth (-0.5 percent) and rose in Hobart (+13.0 percent), Canberra (+3.7 percent), Adelaide (+2.0 percent) and Brisbane (+1.7 percent).

The total value of residential dwellings in Australia was A$6.847 trillion at the end of the September quarter 2018, falling $70.148 billion over the quarter.

The mean price of residential dwellings fell A$9,700 to A$675,000 and the number of residential dwellings rose by 40,900 to 10,143,700 in the September quarter 2018.

Also on Tuesday, the business confidence index from NAB came in with a score of +3 in November - down from +4 in October. The index for business conditions slipped to +11 from +12 a month earlier.

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  Forum: Economic News · Post Preview: #219072 · Replies: 2476 · Views: 446,562

Get USD 8,000 on the eve of Christmas and New Year
IFX Gertrude
Posted on: Dec 11 2018, 04:09 AM


Honorary Member
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Group: Representative
Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


​Get USD 8,000 on the eve of Christmas and New Year



In anticipation of holidays InstaForex increased the size of the bonus in the Chancy Deposit campaign. In December it amounts to USD 8,000!

How to get this Christmas present? It is quite easy. Top up your trading account with at least USD 3,000 and you will automatically become a contender for the main prize. Is that all? Yes, it is! December has already begun, so you need to hurry up to take part in the campaign. Replenish your account right now!
  Forum: Company's news · Post Preview: #219071 · Replies: 0 · Views: 105

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Dec 6 2018, 07:11 AM


Honorary Member
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Group: Representative
Posts: 2,015
Joined: 14-August 12
Member No.: 14,240


The European Commission presented a plan to reduce dependence on the US dollar

The European Commission (EC) on Wednesday, December 5, published a plan to strengthen the global role of the euro in world markets.

EC Vice President for the Euro and Social Dialogue Valdis Dombrovskis said that Brussels intends to make the euro a more attractive currency for international payments than the US dollar. In addition, it is planned to use the euro more for calculations on the global oil and gas markets, as well as in strategic sectors of the economy.

According to officials, the euro must comply with the political, economic and financial level of the eurozone in order to act as a tool for legal regulation of the international political and economic order.

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  Forum: Economic News · Post Preview: #219058 · Replies: 2476 · Views: 446,562

Pinned: Forex news by InstaForex
IFX Gertrude
Posted on: Dec 5 2018, 04:35 AM


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China Services PMI Surges In November - Caixin



The services sector in China continued to expand in November, and at a greatly accelerated rate, the latest survey from Caixin revealed on Wednesday with a PMI score of 53.8.

That beat expectations for 50.8, which would have been unchanged from the October reading. It also moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Also, the composite index jumped to 51.9 in November, up from 50.5 a month earlier.

Individually, November marked the steepest increase in services activity in five months, while manufacturing production remained stable.

Composite new businesses climbed at their quickest pace since June, while inflationary pressures cooled.

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  Forum: Economic News · Post Preview: #219053 · Replies: 2476 · Views: 446,562

Results of regular rounds of InstaForex contests summed up
IFX Gertrude
Posted on: Dec 5 2018, 04:08 AM


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Results of regular rounds of InstaForex contests summed up

Results are summed up, and the winners are determined. Today, we will name the winners of the One Million Option, Lucky Trader, and FX-1 Rally contests. We are pleased to congratulate the winners, and wish good luck to all the other participants! Believe in fortune; success comes to those who make patient and persistent efforts!

One Million Option
One Million Option from InstaForex is the most popular contest among traders. Every round venturesome participants compete for the title of the best option trader in the keen and hot struggle. Following the results of the recent stage, the winner turned out to be Andrey Nikolaevich Dyumin. We congratulate him and hope that this is not the last and not an accidental victory for him. So, we invite you to join us and remind that the next stage of One Million Option will start very soon - on December 10, 2018 and come to an end on December 14, 2018.

Lucky Trader
Will, concentration on success, determination, and patience are the key to victory and an excellent result in the Lucky Trader contest. Perhaps you will be able to surpass the achievements of Oleg Stanislavovich Zharsky, but today, he is the one who has achieved the glorious victory in the regular stage of the Lucky Trader contest. We congratulate the winner and wish him continued success. So, do not waste a chance to become a winner! The next stage of the contest will be held from December 10, 2018 to December 21, 2018.

FX-1 Rally
The best performance during the regular stage of FX-1 Rally was shown by Oleg Aleksandrovich Yashchishen. We congratulate the winner and wish him to confirm his reputation of the best trader in the next stages of the FX-1 Rally contest. If you long for a tense and exciting fight and you are ready to take part in a breathtaking race for leadership, 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 December 7, 2018 to 23:59 December 7, 2018.

Learn more about contests
Photos and comments of the finalists
  Forum: Company's news · Post Preview: #219052 · Replies: 0 · Views: 107

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