FX Week Ahead – Top 5 Events: August US Jobs Report & EUR/USD Rate Forecast

EURUSD is historically volatile around US nonfarm payrolls and August's jobs report set for release this coming Friday stands to spark US Dollar price action.
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FX Week Ahead – Top 5 Events: August China PMI Data & Chinese Yuan Price Outlook

US-China trade war rhetoric has dominated market price action, but risk appetite may focus less on headlines and more on hard data with China PMI numbers potentially steering sentiment next week.
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US Dollar May Rise if Fed Commentary Cools Rate Cut Expectations

The US Dollar may rise if commentary from Fed officials throughout the week pour cold water over rising rate cut bets as financial markets grow more fragile.
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Crude Oil Prices Aim Lower Amid Trade War, Recession Fears

Crude oil prices are likely to prolong a four-month downtrend as trade war and recession fears undermine demand prospects for the cycle-sensitive commodity.
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FX Week Ahead - Top 5 Events: August ISM US Services Data & USDJPY Rate Forecast

US Services data is due Thursday, which could spell volatility for a variety of US Dollar crosses – including USDJPY which remains trapped within its August range.
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*Japan Jul Construction Orders +26.9% On Year Vs. -4.2% In June

Japan Jul Construction Orders +26.9% On Year Vs. -4.2% In June

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source http://www.mt5.com/forex_news/quickview/2142290/

*Japan Jul Housing Starts -4.1% On Year Vs. +0.3% In Jun, Consensus -5.4%

Japan Jul Housing Starts -4.1% On Year Vs. +0.3% In Jun, Consensus -5.4%

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source http://www.mt5.com/forex_news/quickview/2142289/

New Zealand Consumer Confidence Improves In August

New Zealand consumer confidence improved slightly in August, survey data from ANZ showed Friday.

The ANZ-Roy Morgan consumer confidence index rose 2 points to 118 in August.

The current conditions index rose 1 point to 127 and the future conditions index gained 2 points to 112.

Households are feeling relatively robust at the moment, ANZ noted. Low interest rates are set to provide another support.

Consumers' perceptions of their current financial situation rose 4 points to a net 16 percent in August. A net 27 percent of consumers expect to be better off financially this time next year, which was a solid 6 point bounce-back from last month. About 39 percent think it's a good time to buy a major household item. Perceptions regarding the next year's economic outlook were unchanged at a net 1 percent expecting conditions to worsen.

At the same time, the five-year outlook was unchanged at +11 percent.

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source http://www.mt5.com/forex_news/quickview/2142288/

European Economics Preview: Eurozone Inflation Data Due

Inflation and unemployment from euro area and retail sales from Germany are due on Friday, headlining a hectic day for the European economic news.

At 2.00 am ET, Destatis is scheduled to release Germany's retail sales data for July. Sales are forecast to fall 1.4 percent on month, in contrast to a 3.5 percent rise in June.

In the meantime, UK Nationwide house price data is due. Economists forecast house price inflation to accelerate to 0.7 percent in August from 0.3 percent in July.

At 2.45 am ET, flash consumer prices for August and producer prices for July are due from the France's statistical office Insee. Consumer price inflation is forecast to slow marginally to 1 percent in August from 1.1 percent in July.

At 3.00 am ET, GDP figures are due from Hungary and the Czech Republic. The Czech economy is forecast to grow 2.7 percent annually in the second quarter.

At 4.00 am ET, Italy's Istat publishes unemployment data for July. Economists forecast the jobless rate to fall to 9.6 percent in July from 9.7 percent in June. At 4.30 am ET, the Bank of England publishes mortgage approvals data for July. The number of mortgages approved in July is seen at 66,100 versus 66,400 in June.

At 5.00 am ET, Eurostat is set to release Eurozone flash inflation and unemployment figures. Inflation is expected to ease slightly to 1 percent in August from 1.1 percent in July. The unemployment rate is seen unchanged at 7.5 percent in July.

In the meantime, Istat issues Italy's flash consumer price figures for August. Inflation is seen slowing to 0.3 percent from 0.4 percent in July.

At 6.00 am ET, Italy's revised GDP data is due. According to preliminary estimate, GDP had remained flat in the second quarter.

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source http://www.mt5.com/forex_news/quickview/2142287/

Bank Of Korea Retains Key Rate As Expected

South Korea's central bank maintained its key interest rate, as widely expected, after lowering it by a quarter-point last month to revive economy.

The Monetary Policy Board of the Bank of Korea, on Friday, decided to leave the base rate unchanged at 1.50 percent. The decision came in line with expectations.

The bank had reduced its rate by 25 basis points in July, which was the first reduction since 2016.

At the meeting, policymakers observed that uncertainties concerning the growth path forecast have further increased mainly due to the escalation of the US-China trade dispute and the heightened geopolitical risks.

Consumption growth has weakened and the sluggishness in exports and facilities investment continued, the bank noted. Domestic economic growth is forecast to moderate.

Nonetheless, the bank said among the upside risks to the growth outlook is an improvement in domestic demand thanks to a strengthening of government policies to shore up the economy.

As the Bank of Korea sounded more bearish on the outlook for the economy, Alex Holmes, an economist at Capital Economics, said he continues to expect more easing this year, with another 25 basis point cut in October.

The central bank forecast consumer price inflation to fluctuate for some time at the lower-zero percent level as downside risks to the path projected in July have increased, and then run at the low- to mid-1 percent level from next year.

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source http://www.mt5.com/forex_news/quickview/2142286/

UK GfK Consumer Confidence Weakens In August

UK consumer confidence weakened in August as households were concerned about wider economy and their own financial situation, survey results from GfK showed Friday.

The consumer sentiment index fell to -14 in August from -11 in July. This was the joint lowest since mid-2013.

All sub-indicators deteriorated in August. The index measuring changes in personal finances over the last year decreased by two points to -1. Likewise, the outlook for personal finances slid five points to +2.

Assessment of past general economic situation declined two points to -34 and their expectations for the general economic situation fell six points to -38.

The major purchase index decreased three points in August to +1. The savings index was down four points to +21.

"If there is a continuation of that dip in our feelings about our 'future wallets', we'd quickly see a headline score (the average of our five sub-measures) crash to a level that approaches the worrying figures seen in the worst days of the 2008/2009 financial crisis," Joe Staton, client strategy director at GfK, said.

The survey was conducted by GfK on behalf of the EU. GFK carried out the survey among 2,000 individuals between August 1 and 14.

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source http://www.mt5.com/forex_news/quickview/2142285/

Japan Industrial Production Climbs 1.3% In July

Industrial production in Japan was up a seasonally adjusted 1.3 percent on month in July, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.

That beat forecasts for a gain of 0.3 percent following the 3.3 percent drop in June.

On a yearly basis, industrial output was up 0.7 percent - again exceeding expectations for a fall of 0.6 percent after tumbling 3.8 percent in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it continues to fluctuate indecisively.

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source http://www.mt5.com/forex_news/quickview/2142284/

Japan Retail Sales Sink 2.3% In July

The total value of retail sales in Japan was down a seasonally adjusted 2.3 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday.

That missed expectations for a decline of 0.9 percent following the flat reading in June.

On a yearly basis, retail sales sank 2.0 percent - again shy of forecasts for a fall of 0.7 percent following the 0.5 percent increase in the previous month.

Large retailer sales tumbled 4.8 percent on year, missing forecasts for a drop of 4.5 percent following the 0.5 percent decline a month earlier.

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source http://www.mt5.com/forex_news/quickview/2142283/

South Korea Industrial Output Rises 2.6% In July

Industrial production in South Korea advanced a seasonally adjusted 2.6 percent on month in July, Statistics Korea said on Friday - following the 0.1 percent increase in June.

On a yearly basis, industrial production added 0.6 percent following the 2.6 percent drop in the previous month.

The Index of all industry production in July increased by 1.2 percent from the previous month and 0.5 percent on year.

The Manufacturing Production Index in July increased 2.6 percent on month and 0.8 percent on year. The Manufacturing Shipment Index gained 1.7 percent on month and 1.0 percent on year. The Manufacturing Inventory Index rose 1.3 percent on month and 8.0 percent on year.

The Production Capacity Index added 0.1 percent on month but fell 1.6 percent on year. The Index of Capacity Utilization Rate gained 3.6 percent on month and 2.9 percent on year. The Manufacturing Average Capacity Utilization Rate in July was 74.8 percent, up 2.6 percentage points from the previous month.

The Index of Services rose 1.0 percent on month and 1.3 percent on year. The Retail Sales Index fell 0.9 percent on month and 0.3 percent on year.

The Equipment Investment Index rose 2.1 percent on month but shed 4.7 percent on year. The Domestic Machinery Shipment Index tumbled 12.1 percent on year. The value of Domestic Machinery Orders Received added 2.5 percent on year.

In July, the value of Construction Completed at constant prices lost 2.3 percent on month and 6.2 percent on year. The value of Construction Orders Received at current prices plummeted an annual 23.3 percent.

The Composite Coincident Index added 0.1 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, eased 0.1 points from the previous month.

The Composite Leading Index in July showed no change from the previous month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, fell 0.3 points from the previous month.

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source http://www.mt5.com/forex_news/quickview/2142282/

*Japan Retail Sales -2.0% On Year In July

Japan Retail Sales -2.0% On Year In July

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source http://www.mt5.com/forex_news/quickview/2142281/

*Japan Industrial Production +1.3% On Month, +0.7% On Year In July

Japan Industrial Production +1.3% On Month, +0.7% On Year In July

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source http://www.mt5.com/forex_news/quickview/2142280/

Tokyo Overall Inflation Falls To 0.6% In August

Overall consumer prices in the Tokyo region were up 0.6 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday.

That was in line with expectations and down from 0.9 percent in July.

Core CPI was up an annual 0.7 percent - shy of expectations for 0.8 percent and down from 0.9 percent in the previous month.

On a seasonally adjusted monthly basis, overall consumer prices in the Tokyo region were flat and core CPI was up 0.1 percent.

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source http://www.mt5.com/forex_news/quickview/2142279/

Japan Unemployment Rate Eases To 2.2% In July

The jobless rate in Japan came in at a seasonally adjusted 2.2 percent in July, the Ministry of Internal Affairs and Communications said on Friday.

That was beneath expectations for 2.3 percent, which would have been unchanged from the June reading.

The job-to-applicant ratio was 1.59, also shy of expectations for 1.61 - which again would have been unchanged.

The participation rate was 62.1 percent.

The number of employed persons in July was 67.31 million, an increase of 710,000 or 1.1 percent on year. The number of unemployed persons in July was 1.56 million, a decrease of 160,000 or an annual 9.3 percent.

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source http://www.mt5.com/forex_news/quickview/2142278/

New Zealand Building Permits Drop 1.3% In July

The total number of building consents issued in New Zealand was down a seasonally adjusted 1.3 percent on month in July, Statistics New Zealand said on Friday - coming in at 3,420.

That follows the downwardly revised 4.0 percent drop in June (originally -3.9 percent).

In the year ended July 2019, the actual number of new dwellings consented was 35,472, up 8.0 percent on year.

The annual value of non-residential building work consented was NZ$7.6 billion, up an annual 11 percent.

Individually, consents were issued for 2,101 stand-alone houses; 652 townhouses, flats, and units; 513 apartments; and 154 retirement village units.

For stand-alone houses only, the seasonally adjusted number rose 4.8 percent.

By region, the numbers of new dwellings consented in the year ended July 2019 were: 14,236 in Auckland - up 11 percent; 4,102 in Waikato - up 19 percent; 2,724 in Wellington - down 0.4 percent; 5,726 in rest of North Island - up 1.4 percent; 5,081 in Canterbury - up 7.5 percent; and 3,596 in rest of South Island - up 4.0 percent.

In the year to July, the non-residential building types with the highest values were: social, cultural, and religious buildings - NZ$1.1 billion (up 62 percent); shops, restaurants, and bars - NZ$1.0 billion (up 2.3 percent); and education buildings - NZ$1.0 billion (down 11 percent).

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source http://www.mt5.com/forex_news/quickview/2142277/

*Tokyo Overall Inflation +0.6% On Year In August; Core CPI +0.7%

Tokyo Overall Inflation +0.6% On Year In August; Core CPI +0.7%

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source http://www.mt5.com/forex_news/quickview/2142276/

*Japan Unemployment Rate 2.2% In July

Japan Unemployment Rate 2.2% In July

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source http://www.mt5.com/forex_news/quickview/2142275/

Yen Strength Amid Market Tumult to Keep BOJ Target Out of Reach

The Yen’s traditional haven role has seen it boosted by trade war and recession fears. However, with domestic inflation decelerating again, it’s gains put the Bank of Japan is in a very tricky spot.
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South Korea Industrial Production Climbs 2.6% In July

Industrial output in South Korea was up a seasonally adjusted 2.6 percent on month in July, Statistics Korea said on Friday.

That follows the 0.1 percent increase in June.

On a yearly basis, industrial production added 0.6 percent following the 2.6 percent drop in the previous month.

The Index of all industry production in July increased by 1.2 percent from the previous month and 0.5 percent on year.

The Manufacturing Production Index in July increased 2.6 percent on month and 0.8 percent on year.

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source http://www.mt5.com/forex_news/quickview/2142274/

New Zealand Building Consents Fall 1.3% In July

The total number of building permits issued in New Zealand was down a seasonally adjusted 1.3 percent on month in July, Statistics New Zealand said on Friday - coming in at 3,420.

That follows the downwardly revised 4.0 percent drop in June (originally -3.9 percent).

In the year ended July 2019, the actual number of new dwellings consented was 35,472, up 8.0 percent on year, the data showed.

The annual value of non-residential building work consented was NZ$7.6 billion, up an annual 11 percent.

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source http://www.mt5.com/forex_news/quickview/2142273/

*South Korea Industrial Production +2.6% On Month, +0.6% On Year In July

South Korea Industrial Production +2.6% On Month, +0.6% On Year In July

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source http://www.mt5.com/forex_news/quickview/2142272/

*New Zealand Building Permits -1.3% On Month In July

New Zealand Building Permits -1.3% On Month In July

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source http://www.mt5.com/forex_news/quickview/2142271/

*New Zealand Consumer Confidence Index +1.5% On Month To 118.2 In August - ANZ

New Zealand Consumer Confidence Index +1.5% On Month To 118.2 In August - ANZ

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source http://www.mt5.com/forex_news/quickview/2142270/

Japan Data On Tap For Friday

Japan is scheduled to release a raft of data on Friday, setting the pace for a busy day in Asia-Pacific economic activity. On tap are July figures for industrial production, retail sales, unemployment, housing starts and construction orders, as well as August numbers for Tokyo inflation.

Industrial production is expected to add 0.3 percent on month and fall 0.5 percent on year after sliding 3.3 percent on month and 3.8 percent on year in June. Retail sales are tipped to shed 0.9 percent on month and 0.6 percent on year after the flat monthly reading and the 0.5 percent yearly gain in June. Large retailer sales are tipped to tumbled an annual 4.5 percent after falling 0.5 percent a month earlier.

The jobless rate is expected to hold steady at 2.3 percent, while the job-to-applicant ratio is also called unchanged at 1.61. Housing starts are predicted to sink 5.4 percent on year after adding 0.3 percent in the previous month.

Overall Tokyo inflation is predicted to rise 0.6 percent on year, slowing from 0.9 percent in July. Core CPI is called at 0.8 percent, down from 0.9 percent a month earlier.

The Bank of Korea will wrap up its monetary policy meeting and announce its decision on interest rates; the bank is expected to keep its benchmark lending rate unchanged at 1.75 percent.

South Korea also will see July numbers for industrial production and retail sales. In June, industrial production was up 0.2 percent on month and down 1.1 percent on year, while retail sales fell 1.67 percent on month and rose 1.2 percent on year.

New Zealand will see July numbers for building permits and August results for the consumer confidence index from ANZ. In June, building permits fell 3.9 percent on month. In July, the consumer confidence index dropped 5.1 percent on month to a score of 116.4.

Australia will release July numbers for building approvals and private sector credit. Approvals are called flat on month and down 22.2 percent on year after falling 1.2 percent on month and 25.6 percent on year in June. Private sector credit is expected to add 0.2 percent on month and 3.2 percent on year after gaining 0.1 percent on month and 3.3 percent on year in June.

Hong Kong will see July numbers for retail sales; in June, sales were down 7.6 percent on year.

The Philippines will provide July figures for producer prices; in June, producer prices were down 0.4 percent on month and up 1.0 percent on year.

Thailand will release July results for imports, exports and trade balance, as well as Q2 figures for current account. In June., imports were worth $16.90 billion and exports were at $21.30 billion for a trade surplus of $4.40 billion. The current account surplus in Q1 was $14.60 billion.

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source http://www.mt5.com/forex_news/quickview/2142269/

*Turkey Jul Exports Up 7.9% On Year

Turkey Jul Exports Up 7.9% On Year

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source http://www.mt5.com/forex_news/quickview/2142193/

*France Q2 GDP Up Rev 0.3% On Quarter, Flash +0.2%

France Q2 GDP Up Rev 0.3% On Quarter, Flash +0.2%

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source http://www.mt5.com/forex_news/quickview/2142191/

*Swiss Q2 Employment Up 1.2% On Year, 0.3% On Quarter

Swiss Q2 Employment Up 1.2% On Year, 0.3% On Quarter

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source http://www.mt5.com/forex_news/quickview/2142190/

*France Jul Consumer Spending +0.4% On Month Vs. -0.2% In Jun, Consensus +0.3%

France Jul Consumer Spending +0.4% On Month Vs. -0.2% In Jun, Consensus +0.3%

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source http://www.mt5.com/forex_news/quickview/2142189/

New Zealand ANZ Business Confidence Weakest Since 2008

New Zealand business confidence deteriorated to the lowest since April 2008, business outlook survey data from ANZ showed Thursday. The headline business confidence index dropped 8 points in August. A net 52 percent of respondents expect general business conditions to deteriorate in the year ahead.

Further, firms' expectations for their own activity over the year ahead fell 6 points to -1, the lowest score since April 2009.

The survey showed that most of the indicators declined in August to even weaker levels.

Employment intentions and profit expectations dropped 3 points and 4 points, respectively, to the lowest since mid-2009 levels.

Inflation expectations fell to 1.70 percent, the lowest since late 2016, from 1.81 percent.

The ANZ said the outlook for the economy appears to be deteriorating further, with firms extremely downbeat despite easier monetary conditions, fairly robust commodity prices, and positive population growth.

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source http://www.mt5.com/forex_news/quickview/2142188/

*Dutch Aug Producer Confidence Unchanged At 3.9

Dutch Aug Producer Confidence Unchanged At 3.9

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source http://www.mt5.com/forex_news/quickview/2142187/

*Norway Q2 GDP +0.3% On Quarter Vs. -0.1% In Q1, Consensus -0.5%

Norway Q2 GDP +0.3% On Quarter Vs. -0.1% In Q1, Consensus -0.5%

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source http://www.mt5.com/forex_news/quickview/2142186/

*Norway Mainland Q2 GDP Up 0.7% On Quarter Vs. 0.5% In Q1, Consensus +0.8%

Norway Mainland Q2 GDP Up 0.7% On Quarter Vs. 0.5% In Q1, Consensus +0.8%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2142184/

Germany's Jobless Rate Falls In July

Germany's unemployment rate declined in July, figures from Destatis showed Thursday.

The jobless rate fell slightly to a seasonally adjusted 3 percent in July from 3.1 percent in June. In the same period last year, the unemployment rate was 3.4 percent.

The number of unemployed declined 15,100 or 1.5 percent from the previous month to 1.33 million.

At the same time, the number of persons in employment increased 12,000 compared with June.

On an unadjusted basis, the jobless rate held steady at 3.1 percent in July. The Federal Labor Agency is set to issue unemployment data later today. The jobless rate is seen unchanged at 5 percent in August.

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source http://www.mt5.com/forex_news/quickview/2142185/

*Denmark Jul Jobless Rate 3.8%, Same As In June

Denmark Jul Jobless Rate 3.8%, Same As In June

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source http://www.mt5.com/forex_news/quickview/2142183/

*Germany Jul Jobless Rate 3% Vs. 3.1% In June

Germany Jul Jobless Rate 3% Vs. 3.1% In June

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source http://www.mt5.com/forex_news/quickview/2142182/

US Dollar May Rise if US GDP Data Reinforces Recession Fears

The US Dollar may rise if US GDP data undershoots forecasts and reinforces growing recession fears, driving demand for liquidity and haven assets.
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Gold Prices May Rise as Bond Yields Fall on US GDP Downgrade

Gold prices may rise if a revised set of second-quarter US GDP data reveals a larger downgrade than expected, stoking recession fears and pulling down Treasury bond yields.
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UK Car Production Plunges On Weak Exports: SMMT

UK car production declined for the 14th consecutive month in July reflecting a notable contraction in foreign demand, data published by the Society of Motor Manufacturers and Traders, or SMMT, showed Thursday.

Car production was down 10.6 percent from last year to 108,239 units in July as ongoing weakness in major EU and Asian markets coupled with some key model changes affected performance, the lobby said.

Mike Hawes, SMMT chief executive, said another month of decline is a 'serious' concern. The sector is overwhelmingly reliant on exports and the global headwinds are strong, with escalating trade tensions, softening demand and significant technological change, he noted.

Although exports declined 14.6 percent on year in July, still 8 in every 10 cars shipped overseas. Foreign demand remained the main driver of overall volumes.

Meanwhile, domestic demand grew 10.2 percent following weak July 2018 when a raft of factors affected production. In July 2018, output for domestic market declined sharply by 35.1 percent.

Hawes said UK need a Brexit deal to unlock investment and to maintain its global competitiveness.

In the year-to-date period, nearly 774,760 cars have been manufactured, 180,864 fewer than in the same timeframe last year and representing a fall of 18.9 percent, data revealed.

As exports accounted for the vast majority of orders, a 20.2 percent decrease in shipment was primarily responsible for the overall fall in output. On the other hand, production for the UK was down 13.5 percent.

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source http://www.mt5.com/forex_news/quickview/2142181/

*Singapore Jul Producer Prices +0.8% On Month Vs. -1.9% In June

Singapore Jul Producer Prices +0.8% On Month Vs. -1.9% In June

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2142180/

*Singapore Jul Producer Prices -6.2% On Year Vs. -5.7% In June

Singapore Jul Producer Prices -6.2% On Year Vs. -5.7% In June

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source http://www.mt5.com/forex_news/quickview/2142179/

*Japan Aug Consumer Confidence 37.1 Vs. 37.8 In July

Japan Aug Consumer Confidence 37.1 Vs. 37.8 In July

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source http://www.mt5.com/forex_news/quickview/2142178/

European Economics Preview: Eurozone Economic Sentiment Data Due

Economic confidence from euro area and unemployment and inflation from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Statistics Norway releases GDP data for the second quarter. The economy is expected to shrink 0.2 percent on quarter.

At 2.45 am ET, the French statistical office Insee is scheduled to issue detailed quarterly national accounts and July consumer spending figures. According to initial estimate, the economy expanded 0.2 percent sequentially in the second quarter.

French consumer spending is forecast to grow 0.4 percent on month, in contrast to a 0.1 percent fall in June.

At 3.00 am ET, flash consumer prices data from Spain is due. Inflation is forecast to ease marginally to 0.4 percent in August from 0.5 percent in July.

In the meantime, the National Institute of Economic Research releases Sweden's economic tendency survey data for August and the Turkish Statistical Institute publishes foreign trade data.

At 3.55 am ET, Germany's unemployment data is due from the Federal Labor Agency. The jobless rate is seen unchanged at 5 percent in August.

At 5.00 am ET, the European Commission is scheduled to release euro area economic sentiment survey results. The economic sentiment index is forecast to drop to 102.3 in August from 102.7 in July.

At 8.00 am ET, Destatis is slated to issue Germany's flash inflation figures. Economists expect inflation to ease to 1.5 percent in August from 1.7 percent in July.

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source http://www.mt5.com/forex_news/quickview/2142177/

*Malaysia Jul Producer Prices -0.1% On Year Vs. -0.9% In June

Malaysia Jul Producer Prices -0.1% On Year Vs. -0.9% In June

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2142176/

*Malaysia Jul Producer Prices -2.2% On Year Vs. -1.8% In June

Malaysia Jul Producer Prices -2.2% On Year Vs. -1.8% In June

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source http://www.mt5.com/forex_news/quickview/2142175/

Australia Capital Spending Falls Unexpectedly In Q2

Australia's capital expenditure declined unexpectedly in the second quarter as robust growth in machinery and equipment investment was offset by weaker spending on buildings, figures from the Australian Bureau of Statistics revealed Thursday.

Total new capital expenditure decreased 0.5 percent sequentially in the second quarter, confounding expectations for an increase of 0.4 percent.

Investment in building and structures declined 3.3 percent, while that in plant and machinery advanced 2.5 percent.

On a yearly basis, overall capex was down 1 percent in the second quarter.

Nonetheless, firms raised their investment plans for 2019-20. According to third estimate, capex was A$113.4 billion, which was 14.9 percent higher than the second estimate.

The latest estimate for 2018-19 came in at A$112.1 billion, which was slightly down by 0.1 percent from previous estimate.

Marcel Thieliant, an economist at Capital Economics said although capital spending is more likely to keep falling in 2019/20, the drag from falling investment should start to moderate over the coming quarters.

The statistical office is scheduled to publish quarterly national accounts for the second quarter on September 4. The economy had expanded only 0.4 percent in the first quarter.

GDP is likely to grow 0.5 percent in the second quarter, Andrew Hanlan, an economist at Westpac said.

Construction work data released Wednesday was weaker than anticipated, which offset earlier upside risks associated with stronger net exports estimate as well as offsetting the upside surprise on equipment spending, Hanlan noted.

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source http://www.mt5.com/forex_news/quickview/2142174/

Crude Oil Prices Stuck in Monthly Range Despite Waning US Inventories

The price of oil may continue to track the monthly range amid the string of failed attempts to test the August-high ($57.99).
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Australia Capital Spending Data Due On Thursday

Australia is on Thursday scheduled to release Q2 figures for capital expenditures, highlighting a modest day for Asia-Pacific economic activity. Capex is expected to rise 0.4 percent on quarter after sinking 1.7 percent in the three months prior.

New Zealand will see August results for the business confidence survey and activity outlook from ANZ; in July, their scores were -44.3 and +5, respectively.

Japan will provide July numbers for loans and discounts; in June, they were up 2.73 percent on year.

Malaysia will release July figures for producer prices; in June, prices were down 0.9 percent on month and 1.8 percent on year.

Singapore will provide July figures for producer prices; in June, they were up 0.5 percent on month and down 5.2 percent on year.

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source http://www.mt5.com/forex_news/quickview/2142173/

*Slovakia Aug Consumer Confidence -7.8 Vs. -3.5 In July

Slovakia Aug Consumer Confidence -7.8 Vs. -3.5 In July

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source http://www.mt5.com/forex_news/quickview/2142120/

UK Employers Plan To Hire More Despite Low Business Confidence: REC

British employers' confidence remained low but they plan to hire additional staff, survey data from the Recruitment & Employment Confederation showed Wednesday.

The employers' confidence index fell 1 percentage point to a net -26 in May to July period, the latest JobsOutlook report revealed.

Forecast demand for permanent staff increased to +19 in the short-term and +21 in the medium-term in May-July.

Nonetheless, nearly 46 percent of employers of permanent staff expressed concern about finding enough suitable candidates for hire.

This most recent survey shows employers are still looking to take on both permanent and temporary workers as they seek to maintain stability amidst the Brexit uncertainty, Tom Hadley, director of policy and campaigns at the REC, said.

More employers also seem to be trying to transfer their best temps into permanent roles as candidate shortages continue to bite across many sectors, Hadley noted.

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source http://www.mt5.com/forex_news/quickview/2142121/

*Turkey Aug Economic Confidence 87.1 Vs. 80.7 In July

Turkey Aug Economic Confidence 87.1 Vs. 80.7 In July

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source http://www.mt5.com/forex_news/quickview/2142118/

*Finland Q2 Real Earnings Up 1.3% On Year

Finland Q2 Real Earnings Up 1.3% On Year

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source http://www.mt5.com/forex_news/quickview/2142119/

*Slovakia Jul Producer Prices -0.6% On Month Vs. +0.1% In June

Slovakia Jul Producer Prices -0.6% On Month Vs. +0.1% In June

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source http://www.mt5.com/forex_news/quickview/2142117/

*Slovakia Jul Producer Prices +1.5% On Year Vs. +2.9% In June

Slovakia Jul Producer Prices +1.5% On Year Vs. +2.9% In June

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source http://www.mt5.com/forex_news/quickview/2142116/

*UK 3-mths To Jul Employers' Sentiment Index Falls 1 Percentage Point To -26: REC

UK 3-mths To Jul Employers' Sentiment Index Falls 1 Percentage Point To -26: REC

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source http://www.mt5.com/forex_news/quickview/2142115/

German GfK Consumer Sentiment To Remain Stable In September

German consumer confidence is set to remain unchanged in September, survey data from market research group GfK showed Wednesday.

The forward-looking consumer sentiment index held steady at 9.7 in September. Economists had forecast the indicator to drop to 9.6.

The survey showed that propensity to buy improved in August and income expectations dropped slightly. Meanwhile, economic outlook suffered a considerable decline on global downturn, trade wars and Brexit uncertainty.

The economic expectations index fell 8.3 points to -12 in August, the lowest in more than six and a half years.

The income expectations indicator dropped by 0.7 points to 50.1 indicating high degree of stability. Income expectations largely depend on labor market conditions.

At the same time, the propensity to buy recovered in August. The indicator rose by 2.5 points to 48.8 points.

Gfk cautioned that increasing fear of job losses in particular could pose a risk for consumer sentiment.

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source http://www.mt5.com/forex_news/quickview/2142114/

Euro Little Changed Following German GfK Consumer Sentiment Index

At 2:00 am ET Wednesday, German GfK consumer sentiment index for September and import prices for July have been released. The euro changed little against its major rivals after these data.

The euro was trading at 117.34 against the yen, 1.0889 against the franc, 0.9029 against the pound and 1.1087 against the greenback around 2:05 am ET.

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source http://www.mt5.com/forex_news/quickview/2142113/

*Germany Jul Import Price Index -2.1% On Year Vs. -2.0% In Jun, Consensus -2.0%

Germany Jul Import Price Index -2.1% On Year Vs. -2.0% In Jun, Consensus -2.0%

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source http://www.mt5.com/forex_news/quickview/2142111/

*Germany Jul Import Price Index -0.2% On Month Vs. -1.4% In Jun, Consensus -0.1%

Germany Jul Import Price Index -0.2% On Month Vs. -1.4% In Jun, Consensus -0.1%

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source http://www.mt5.com/forex_news/quickview/2142112/

*Lithuania Jul Retail Sales Down 0.2% On Month

Lithuania Jul Retail Sales Down 0.2% On Month

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*Lithuania Jul Retail Sales Up 4.8% On Year

Lithuania Jul Retail Sales Up 4.8% On Year

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*Germany Sep GfK Consumer Confidence Stable At 9.7, Consensus 9.6

Germany Sep GfK Consumer Confidence Stable At 9.7, Consensus 9.6

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source http://www.mt5.com/forex_news/quickview/2142108/

Euro Mixed Ahead Of German GfK Consumer Sentiment Index

At 2:00 am ET Wednesday, German GfK consumer sentiment index for September and import prices for July are scheduled for release. Ahead of these data, the euro traded mixed against its major rivals. While the euro held steady against the greenback and the yen, it fell against the pound. Against the franc, it rose.

The euro was worth 117.37 against the yen, 1.0891 against the franc, 0.9027 against the pound and 1.1089 against the greenback as of 1:55 am ET.

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source http://www.mt5.com/forex_news/quickview/2142107/

Australia Construction Work Done Falls In Q2

Australia's construction work done declined in the June quarter, the Australian Bureau of Statistics reported on Wednesday.

Construction work done decreased by a seasonally adjusted 3.8 percent sequentially in the June quarter. Economists had expected a 1.0 percent fall.

From the same quarter previous year, construction work dropped 11.1 percent.

The value of engineering work done declined 15.9 percent annually. Residential work done dropped by 9.6 percent and those of total building work done and non-residential work done fell by 7.4 percent and 3.3 percent, respectively.

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source http://www.mt5.com/forex_news/quickview/2142106/

Euro Eyes Italy Manufacturing Data, SEK May Fall on Retail Sales

The Euro and Swedish Krona may fall on poor Italian manufacturing data and Sweden’s retail sales figures, respectively. However, volatility may be curtailed by Thursday’s heavy data docket.
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Crude Oil Prices May Struggle as Politics, Trade War Unsettle Markets

Crude oil prices rose despite a gloomy disposition across markets, but follow-through seems unlikely as political instability and trade wars unsettle investors.
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RBNZ Chief Says Monetary Policy Remains As Effective As Ever

Even at low levels of interest rates, monetary policy remains as effective as ever at providing timely economic stimulus, Reserve Bank of New Zealand Governor Adrian Orr said Wednesday.

For small open economies like New Zealand, the exchange rate plays a significant additional role in competitiveness, he noted.

Further, Orr said central banks have limitations in achieving goals with their tools and it cannot operate alone. Monetary policy needs to be partnered with broader fiscal and structural economic policy.

At the August meeting, RBNZ had cut the official cash rate by 50 basis points to 1.00 percent to underpin economic growth and revive inflation.

The recent rate cut by RBNZ reflected an expected decline in trading partner growth, lower NZ inflation expectations, and a global swing to lower interest rates. Lower interest rates stimulate investment, he observed.

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source http://www.mt5.com/forex_news/quickview/2142105/

European Economics Preview: German GfK Consumer Sentiment Data Due

Consumer confidence survey data from Germany is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the market research group GfK releases Germany's consumer sentiment data. The forward-looking consumer sentiment index is expected to drop slightly to 9.6 in September from 9.7 in August.

In the meantime, Destatis is scheduled to issue Germany's import prices for July. Economists forecast import prices to fall 2 percent annually, the same rate of decrease as seen in June.

At 3.30 am ET, Sweden retail sales data for July is due.

At 4.00 am ET, the European Central Bank publishes money supply data. Eurozone M3 is expected to grow 4.7 percent on year in July, after expanding 4.5 percent in June.

Italy's consumer and business sentiment survey results are also due at 4.00 am ET. The consumer sentiment index is seen at 112.7 in August versus 113.4 in July.

Also, IHS Markit releases Austria manufacturing Purchasing Managers' survey data at 4.00 am.

At 4.55 am ET, Iceland's central bank interest rate decision is due.

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source http://www.mt5.com/forex_news/quickview/2142104/

UK BRC Shop Prices Decline In August

UK shop prices continued to fall in August on weak consumer spending and stiff competition, data from the British Retail Consortium showed Wednesday.

The shop price index dropped 0.4 percent year-on-year in August as non-food prices plunged 1.5 percent. Meanwhile, food prices gained 1.6 percent.

Consumers were the real winners this month as prices fell at their fastest rate in over a year, Helen Dickinson, chief executive at BRC, said.

"Weak consumer spending and stiff competition has kept prices down in the UK, however a disruptive no-deal Brexit, which would raise the cost of imported goods, could reverse this trend," Dickinson.

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source http://www.mt5.com/forex_news/quickview/2142103/

Gold Price Forecast Remains Bullish as RSI Approaches Overbought Zone

The price of gold may continue to exhibit a bullish behavior as the Relative Strength Index (RSI) approaches overbought territory.
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Australia Construction Work Data Due On Wednesday

Australia is on Wednesday scheduled to release Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

Construction work is expected to fall 1.0 percent on quarter following the 1.9 percent decline in the three months prior.

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source http://www.mt5.com/forex_news/quickview/2142102/

*France Aug Manufacturing Sentiment 102 Vs. 101 In July

France Aug Manufacturing Sentiment 102 Vs. 101 In July

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source http://www.mt5.com/forex_news/quickview/2142057/

*France Aug Consumer Confidence Stable At 102, Consensus 102

France Aug Consumer Confidence Stable At 102, Consensus 102

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source http://www.mt5.com/forex_news/quickview/2142056/

*Swedbank: Riksbank To Keep Repo Rate At -0.25% Until 2021

Swedbank: Riksbank To Keep Repo Rate At -0.25% Until 2021

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source http://www.mt5.com/forex_news/quickview/2142055/

*Swedbank: Sweden GDP To Grow About 1% In 2020, Nearly 1.5% In 2021

Swedbank: Sweden GDP To Grow About 1% In 2020, Nearly 1.5% In 2021

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source http://www.mt5.com/forex_news/quickview/2142054/

German GDP Contracts In Q2

Germany's economy contracted slightly, as initially estimated, in the second quarter, detailed results from Destatis revealed Tuesday.

Gross domestic product shrank 0.1 percent sequentially in the second quarter, reversing the first quarter's 0.4 percent expansion. This was the first fall in three quarters and matched the initial estimate.

After calendar adjustments, GDP gained 0.4 percent year-on-year, but slower than the 0.9 percent growth registered in the first quarter. At the same time, the unadjusted GDP remained flat. Both annual growth figures were left unrevised.

The expenditure-side breakdown of GDP showed that household consumption gained 0.1 percent from the first quarter and government spending grew 0.5 percent.

Fixed capital formation in machinery and equipment climbed 0.6 percent and in other fixed assets by 1.0 percent on the preceding quarter. Only gross fixed capital formation in construction went down by 1.0 percent, which was probably because of the mild weather at the beginning of the year.

Meanwhile, foreign trade slowed down growth. Exports decreased 1.3 percent on quarter, markedly more than the 0.3 percent drop in imports.

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source http://www.mt5.com/forex_news/quickview/2142053/

Finland Consumers Pessimistic For Tenth Month

Finland's households remained pessimistic for a tenth consecutive month in August, survey data from Statistics Finland showed Tuesday.

The consumer sentiment index fell to -4.5 in August from -3.9 in July. In June, the reading was -4.6.

The results are based on Statistics Finland's Consumer Confidence Survey that was conducted between August 1 and 19 among 1,081 residents in the country.

Among the four components of the indicator, only expectations concerning the Finnish economy's current economic situation improved, but remained very pessimistic.

The current and future assessments of consumers' own economic situation were subdued. Intentions to spend money on durable goods were higher than average in August, the survey showed.

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source http://www.mt5.com/forex_news/quickview/2142052/

Euro Little Changed Following German GDP Data

Following the release of German GDP data at 2.00 am ET Tuesday, the euro changed little against its major counterparts.

The euro was trading at 1.1103 against the greenback, 117.33 against the yen, 1.0862 against the franc and 0.9089 against the pound around 2:04 am ET.

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source http://www.mt5.com/forex_news/quickview/2142051/

*Germany's Q2 GDP Falls 0.1% On Quarter, Flash -0.1%

Germany's Q2 GDP Falls 0.1% On Quarter, Flash -0.1%

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source http://www.mt5.com/forex_news/quickview/2142049/

*Germany Q2 GDP Up Adj 0.4% On Year, Flash +0.4%

Germany Q2 GDP Up Adj 0.4% On Year, Flash +0.4%

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source http://www.mt5.com/forex_news/quickview/2142050/

Euro Retreats Ahead Of German GDP Data

At 2.00 am ET Tuesday, Destatis is scheduled to issue Germany's detailed GDP data. According to preliminary estimate, the economy contracted 0.1 percent sequentially in the second quarter.

Ahead of the data, the euro retreated from its early highs against its major counterparts.

The euro was worth 1.1101 against the greenback, 117.37 against the yen, 1.0863 against the franc and 0.9081 against the pound as of 1:55 am ET.

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source http://www.mt5.com/forex_news/quickview/2142048/

China's Industrial Profits Recover In July

China's industrial profits recovered in July despite escalating trade disputes, data from the National Bureau of Statistics showed Tuesday.

Industrial profits increased 2.6 percent year-on-year in July, in contrast to a 3.1 percent fall in June.

Nonetheless, industrial profits decreased 1.7 percent in January to July period from the same period last year. This was slower than the 2.4 percent decline seen in the first half of 2019.

The negative impact of the trade war was masked by supportive fiscal stimulus in the form of railway construction, Iris Pang, an ING economist said. The economist said the risks faced by manufacturers have not gone away.

The central bank can offer more targeted liquidity for small private firms to keep them liquid. Policies could be targeted at the medium term lending facility and/or targeted RRR, Pang added.

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source http://www.mt5.com/forex_news/quickview/2142047/

EURUSD May Fall US Consumer Confidence, German GDP Data

The Euro may fall vs the US Dollar if local consumer confidence data falls short of forecasts against the backdrop of the publication of German GDP reports.
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GBPUSD Rate Rebound Stalls as BoE Governor Strikes Cautious Tone

The recent rebound in GBPUSD appears to be stalling as Bank of England (BoE) Governor Mark Carney strikes a cautious tone.
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Gold Prices May Probe Higher But Chart Setup Warns of Topping

Gold prices may probe higher as market sentiment sours anew – driving down yields and boosting the metal’s relative appeal – but technical cues warn a top is taking shape.
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European Economics Preview: Germany's GDP Data Due

Revised quarterly national accounts data from Germany is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's detailed GDP data. According to preliminary estimate, the economy contracted 0.1 percent sequentially in the second quarter.

At 2.45 am ET, France business and consumer confidence survey results are due. The consumer sentiment index is forecast to remain unchanged at 102 in August.

At 3.30 am ET, Statistics Sweden is scheduled to issue foreign trade and producer prices for July.

At 4.30 am ET, UK Finance publishes mortgage approvals data for July. The number of mortgage approvals is seen at 42,854 compared to 42,653 in June.

At 8.00 am ET, Hungary's central bank announces its interest rate decision. The bank is expected to keep its key rate unchanged at 0.90 percent.

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source http://www.mt5.com/forex_news/quickview/2142046/

*Finland Aug Manufacturing Confidence -2 Vs -4 In July

Finland Aug Manufacturing Confidence -2 Vs -4 In July

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source http://www.mt5.com/forex_news/quickview/2142045/

*Finland Aug Consumer Confidence -4.5 Vs. -3.9 In July

Finland Aug Consumer Confidence -4.5 Vs. -3.9 In July

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source http://www.mt5.com/forex_news/quickview/2142044/

Japan Producer Prices Add 0.1% In July

Producer prices in Japan were up 0.1 percent on month in July, the Bank of Japan said on Tuesday - in line with expectations following the 0.1 percent decline in June.

On a yearly basis, producer prices gained 0.5 percent - shy of expectations for an increase of 0.6 percent and down from 0.7 percent in the previous month.

Individually, prices were up on an annual basis for real estate services, leasing, advertising and transportation.

Prices were down for hotels, rentals and ocean freight transportation.

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source http://www.mt5.com/forex_news/quickview/2142043/

South Korea Consumer Confidence Slides In August

Consumer confidence in South Korea took a big hit in August, the latest survey from the Bank of Korea showed on Tuesday, as its index came in with a score of 92.5 - down sharply from 95.9 in July.

Consumer sentiment regarding current living standards was 1 point down from July at 90, and that concerning their future outlook fell 3 points to 89.

Consumer sentiment related to future household income and future spending were each 2 points lower than the month before, at 94 and 105, respectively.

Consumer sentiment concerning current domestic economic conditions and future domestic economic conditions were each four points lower than in July, at 63 and 66, respectively.

The expected inflation rate for the following year was 2.0 percent.

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source http://www.mt5.com/forex_news/quickview/2142042/

*Japan Producer Prices +0.1% On Month, +0.5% On Year In July

Japan Producer Prices +0.1% On Month, +0.5% On Year In July

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source http://www.mt5.com/forex_news/quickview/2142041/

AUDUSD Clings to Monthly Range as China Pushes for ’Calm’ Negotiation

AUDUSD may stage a larger rebound over the coming days as China Vice Premier Liu He looks to negotiate with the US “in a calm manner.”
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Japan Producer Price Data Due On Tuesday

Japan is scheduled to release July figures for producer prices, highlighting a light day for Asia-Pacific economic activity.

Producer prices are expected to add 0.6 percent on year, slowing from 0.7 percent in the previous month.

China will provide July numbers for industrial profits; in June, profits were down an annual 3.1 percent.

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source http://www.mt5.com/forex_news/quickview/2142040/

Yen Pares Gains, US-China Talks to Restart? Will Gold Prices Top?

Risk trends gyrated as US-China trade tensions waxed and waned, sapping upside progress in the Japanese Yen. Gold prices may be topping on bearish technical and positioning signals.
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Spain Producer Prices Decline In July

Spain's producer prices declined for the second straight month in July, figures from the statistical office INE showed Monday.

Producer prices dropped 0.8 percent year-on-year in July, the same rate of fall as seen in June. The fall registered in June was the first drop since September 2016.

Excluding energy, producer price inflation eased to 0.1 percent from 0.2 percent a month ago.

On a yearly basis, prices of capital goods and consumer goods advanced 1 percent and 0.4 percent, respectively. Meanwhile, energy prices declined 2.8 percent and intermediate goods prices by 0.6 percent.

On month, producer prices gained 0.5 percent, in contrast to June's 1.1 percent decline.

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source http://www.mt5.com/forex_news/quickview/2142011/

*Spain Jul Producer Prices Rise 0.5% M-o-M

Spain Jul Producer Prices Rise 0.5% M-o-M

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source http://www.mt5.com/forex_news/quickview/2142008/

*Czech Aug Business Confidence 93.6 Vs. 92.7 In July

Czech Aug Business Confidence 93.6 Vs. 92.7 In July

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source http://www.mt5.com/forex_news/quickview/2142010/

*Czech Aug Economic Sentiment 95.6 Vs. 95.1 In July

Czech Aug Economic Sentiment 95.6 Vs. 95.1 In July

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source http://www.mt5.com/forex_news/quickview/2142009/

*Czech Aug Consumer Confidence 105.1 Vs. 106.4 In July

Czech Aug Consumer Confidence 105.1 Vs. 106.4 In July

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source http://www.mt5.com/forex_news/quickview/2142006/

*Spain Jul Producer Prices Fall 0.8% On Year

Spain Jul Producer Prices Fall 0.8% On Year

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source http://www.mt5.com/forex_news/quickview/2142007/

Japan Leading Index Lowest Since February 2010

Japan's leading index eased to the lowest level in nearly nine-and-a-half years in June, as initially estimated, final data from the Cabinet Office showed on Monday.

The leading index, which measures the future economic activity, fell to 93.3 in June from 94.9 in May.

This was the lowest since February 2010, when the score was 92.5.

The coincident index that reflects the current economic activity decreased to 100.4 in June from 103.4 in the preceding month.

Both leading and coincident readings were confirmed.

The lagging index remained unchanged at 104.5 in June. The reading was revised up from 104.1.

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source http://www.mt5.com/forex_news/quickview/2142005/

Singapore Industrial Production Falls Less Than Forecast

Singapore's industrial production declined at a slower-than-expected rate in July, data from the Economic Development Board showed on Monday.

Manufacturing output dropped 0.4 percent year-on-year in July, following an 8.1 percent fall in June. Economists had expected a 4.9 percent decline.

On a month-on-month basis, manufacturing output increased a seasonally adjusted 3.6 percent in July, after a 0.3 percent decrease in the previous month. Economists had expected a fall of 2.8 percent.

Excluding bio-medical manufacturing, output fell 0.7 percent from a year ago but rose 9.4 percent from the previous month.

The general manufacturing, biomedical manufacturing and chemicals logged output growth, while the rest of the manufacturing clusters contracted from last year.

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source http://www.mt5.com/forex_news/quickview/2142004/

Finland Producer Prices Decline At Slower Pace

Finland's producer prices declined at a slower rate in July, data from Statistics Finland showed on Monday.

The producer price index fell 0.8 percent in July, following a 0.9 percent decline in June.

On a month-on-month basis, producer prices rose 0.5 percent in July, after a 1.1 percent rise in the previous month.

Data also showed that import prices and export prices fell by 2.0 percent, each on a yearly basis in July.

On a monthly basis, import prices rose 0.7 percent in July, while export prices declined 0.3 percent.

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source http://www.mt5.com/forex_news/quickview/2142003/

EURUSD Rate Reverses Ahead of Monthly-Low Following Fed Symposium

EURUSD reverses course following the Fed Economic Symposium, with the failed attempt to test the August-low (1.1027) raising the scope for a larger rebound.
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US Dollar May Rise if US Data Amplifies Trade War, Recession Fears

The US Dollar may rise vs the Euro if US durable goods orders data shows weakening demand and amplifies trade war-induced risk aversion.
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Crude Oil Prices Sink as US-China Trade War Sours Demand Outlook

Crude oil prices sank with stocks as US-China trade war escalation soured global growth bets, and with them the outlook for demand. More of the same looks likely ahead.
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*Japan Jun Lagging Index 104.5, Same As In May

Japan Jun Lagging Index 104.5, Same As In May

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source http://www.mt5.com/forex_news/quickview/2142002/

*Japan Jun Coincident Index 100.4 Vs. 103.4 In May

Japan Jun Coincident Index 100.4 Vs. 103.4 In May

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*Japan Jun Leading Index 93.3 Vs. 94.9 In May

Japan Jun Leading Index 93.3 Vs. 94.9 In May

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source http://www.mt5.com/forex_news/quickview/2142000/

*Singapore Jul Manufacturing Output +3.6% On Year Vs. -0.3% In June

Singapore Jul Manufacturing Output +3.6% On Year Vs. -0.3% In June

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*Singapore Jul Manufacturing Output -0.4% On Year Vs. -8.1% In June

Singapore Jul Manufacturing Output -0.4% On Year Vs. -8.1% In June

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*Finland Jul Producer Prices +0.5% On Month Vs. -1.1% In June

Finland Jul Producer Prices +0.5% On Month Vs. -1.1% In June

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source http://www.mt5.com/forex_news/quickview/2141997/

*Finland Jul Producer Prices -0.8% On Year Vs. -0.9% In June

Finland Jul Producer Prices -0.8% On Year Vs. -0.9% In June

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European Economics Preview: Germany Ifo Business Confidence Data Due

Business sentiment data from Germany is due on Monday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland releases producer prices for July. Producer prices had decreased 0.9 percent annually in June.

At 3.00 am ET, producer prices from Spain and manufacturing sentiment from Turkey are due.

At 4.00 am ET, Germany's Ifo business sentiment survey results are due. The business confidence index is forecast to rise slightly to 96 in August from 95.7 in July.

In the meantime, Poland's unemployment data is due. The jobless rate is forecast to remain unchanged at 5.3 percent in July.

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New Zealand Trade Deficit Widens In July

New Zealand's trade deficit widened in July from last year as exports declined amid an increase in imports, data released by Statistics New Zealand showed Monday.

Exports of goods fell 5.8 percent annually to NZ$5 billion in July. Meanwhile, imports advanced 3.1 percent to NZ$5.7 billion.

Consequently, the trade balance showed a deficit of NZ$685 million, bigger than a NZ$203 million shortfall seen in the same period last year. The expected deficit was NZ$254 million.

The statistical office said the average goods trade balance over the previous five July months was a deficit of NZ$427 million.

Data showed that exports to China grew 2.4 percent, while that to the U.S. declined 8.8 percent led by a fall in beef exports. Exports to Australia advanced 0.8 percent.

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source http://www.mt5.com/forex_news/quickview/2141994/

US Dollar Outlook Bullish on SGD, PHP, MYR, INR. Trade Wars Heat Up

The US Dollar may keep outperforming SGD, PHP, MYR and INR as a resurgence in US-China trade war tensions undermines the global growth outlook. US and Indian GDP data up next.
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Gold Prices Climb to Fresh 2019 High as US and China Boost Tariffs

Growing tensions between the US and China are likely to keep the price of gold afloat as there appears to be a flight to safety.
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Yen, Australian Dollar May Gap After Trump Raised Tariffs on China

The anti-risk Japanese Yen may gain as the sentiment-linked Australian Dollar weakens amid the resurgence in US-China trade war tensions. Will USD/JPY clear March 2018 lows ahead?
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US Dollar, Yen, Gold Prices Eye GDP Data, Trade Wars for Direction

The US Dollar, Japanese Yen and gold prices look to US GDP data as well as the escalating US-China trade war for directional cues.

US Dollar, Yen, Gold Prices Eye GDP Data, Trade Wars for Direction

The US Dollar, Japanese Yen and gold prices look to US GDP data as well as the escalating US-China trade war for directional cues.
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Dow Jones, Nasdaq 100, CAC 40, DAX 30 Fundamental Forecasts

The Dow Jones, DAX 30 and FTSE 100 will continue to take their cues from trade wars and monetary policy but may face pressure without the constant assurances from dovish commentary.
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British Pound Hit By Trade War Crosswinds But Brexit Looms Large

The British Pound has not escaped the influence of the escalating US-China trade war, but Brexit remains the central concern for financial markets.
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Weekly Euro Forecast: US-China Trade War Sparks Recovery; Eurozone Inflation Due

“One man’s trash is another man’s treasure.” In a similar vein, the US Dollar’s woes due to the escalating US-China trade war leave the Euro in a place to benefit.
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Gold Prices May Rise if US GDP Data Boosts Fed Rate Cut Bets

Gold prices may be given a tailwind if US GDP data underwhelms and bolsters the case for accommodative policy measures, increasing the appeal of holding non-interest-bearing assets.
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Forex Economic Calendar Week Ahead: US GDP, Eurozone Inflation, Canada GDP & More

The final week of August promises several significant economic data releases that are likely to stir even more volatility in FX markets.
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Top 5 Events - FX Week Ahead: June Canada GDP Report & USD/CAD Rate Forecast

The June Canada GDP report is due out on Friday, August 30 at 12:30 GMT, but the data aren’t likely to trigger a significant shift in BOC rate odds.
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USD/CNH Above 7.0000: Trade Wars are Good, and Easy to Win

Now that China has acknowledged that it is using the USDCNH exchange rate to offset the Trump tariffs, the US Treasury has officially labeled China a currency manipulator.
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US Dollar Vulnerable to Slowing Durable Goods Orders, 2Q GDP Revision

The economic docket for the final week of August may produce headwinds for the Dollar as data prints coming out of the US are anticipated to show a slowing economy.
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Crude Oil Price Forecast: Oil Slumps as US-China Trade War Erupts

Crude oil is slumping into the close and next week may well see the move extend after China ramped-up their trade war with the US by imposing a fresh round of trade tariffs.
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U.S. Dollar Higher Ahead Of Powell's Speech

The U.S. dollar strengthened against its major counterparts in early European deals on Friday, as investors await Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium later today for additional clues about the outlook for interest rates.

Powell will address on topic "Challenges of Monetary Policy" at 10 am ET.

Traders keenly await whether Powell's remarks would confirm their expectation of the quarter percentage-point rate cut next month.

The Federal Open Market Committee's July meeting minutes released on Wednesday showed that most officials observed the July rate cut as a mid-cycle adjustment and not the start of an easing cycle.

Powell's speech comes amid intense pressure from President Donald Trump to deliver aggressive rate cuts to help support the economy.

Investors also await new home sales due later in the day.

The Group of Seven (G-7) annual summit begins on Saturday in France and it will likely end without a joint communique for the first time in its 44-year history due to deepening rifts between the heads of state.

The currency has been trading higher against its major counterparts in the Asian session.

The greenback appreciated to a 3-week high of 0.9873 against the franc, from a low of 0.9833 hit at 6:30 pm ET. The next possible resistance for the greenback is seen around the 1.00 level.

The greenback climbed to a 3-day high of 106.67 against the yen, compared to 106.43 hit late New York Thursday. If the greenback rises further, 109.00 is likely seen as its next resistance level.

Data from the Ministry of Internal Affairs and Communications showed that Japan inflation rose 0.5 percent on year in July.

That was shy of forecasts for an annual increase of 0.6 percent and down from 0.7 percent in June.

Reversing from a low of 1.2261 seen at 5:30 pm ET, the greenback edged higher to 1.2195 against the pound. The greenback is seen finding resistance around the 1.19 level.

The greenback bounced off to 0.6378 against the kiwi, coming off from a low of 0.6396 it touched at 10:30 pm ET. On the upside, 0.62 is likely seen as the next resistance level for the greenback.

Figures from Statistics New Zealand showed that New Zealand retail sales grew at a slower rate in the second quarter.

The total volume of retail sales rose by a seasonally adjusted 0.2 percent sequentially in the second quarter, which was slower than 0.7 percent increase in the previous quarter. Economists had forecasts for a rise of 0.3 percent.

The greenback spiked higher to a new 3-week high of 1.1056 versus the euro, from Thursday's closing value of 1.1079. The greenback is likely to face resistance around the 1.09 level.

On the flip side, the greenback retreated slightly to 1.3310 against the loonie, from a 3-day high of 1.3327 hit at 1:25 am ET. Next key support for the greenback is seen around the 1.30 area.

The greenback held steady against the aussie, after having eased from an 8-day high of 0.6745 reached in the Asian session. At yesterday's close, the pair was worth 0.6757.

Looking ahead, Canada retail sales for June and U.S. new home sales for July are due in the New York session.

At 10:00 am ET, Fed Chair Jerome Powell will deliver a speech titled "Challenges for Monetary Policy" at the Jackson Hole Economic Policy Symposium in Wyoming.

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source http://www.mt5.com/forex_news/quickview/2141970/

Oil Prices Extend Loses As Demand Concerns Weigh

Oil prices fell on Friday to extend losses from the previous session as investors fretted about a slowdown in economic and oil-demand growth.

The downside, however, remained capped by tighter supplies from key producers.

As growth worries intensify, supply is already in a state of deficit because of rising geopolitical tensions.

Iran unveiled a new domestically-built long-range surface-to-air air defense missile system on Thursday as tensions continue to escalate.

Benchmark Brent crude slipped 0.2 percent to $59.80 a barrel, while U.S. crude futures were down 0.15 percent at $55.27 a barrel.

The focus now shifts to Fed Chairman Powell's speech at the Jackson Hole seminar due later in the day as investors look for additional clues on future policy easing.

Despite concerns about a looming recession, Fed officials remain divided over whether the economy needs more rate cuts.

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source http://www.mt5.com/forex_news/quickview/2141969/

Lithuania Industrial Production Rises In July

Lithuania's industrial production rose in July, figures from the Department of Statistics showed on Friday.

Industrial production rose 1.2 percent month-on-month in July.

Output in water supply rose the most, by 12.7 percent monthly in June, and that in mining and quarrying increased by 5.4 percent.

The manufacturing output rose 0.8 percent in June.

On an unadjusted basis, industrial production gained 2.3 percent in June.

On an annual basis, industrial production rose a working day adjusted 1.2 percent in June. On a non-adjusted basis, production increased 6.9 percent.

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source http://www.mt5.com/forex_news/quickview/2141968/

Austria Production Index Rises In June

Austria's production index rose in June, led by a growth in industrial output and construction, data from Statistics Austria showed on Friday.

The production index that combines both industry and construction grew 1.3 percent year-on-year in June, after a 0.4 percent fall in May.

On a yearly basis, industrial production edged up 0.1 percent in June and construction output rose 5.0 percent.

The production index rose 0.5 percent monthly in June, reversing a 0.9 percent decline in the previous month.

On a monthly basis, industrial production and construction output rose 0.1 percent and 2.0 percent, respectively, in June.

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source http://www.mt5.com/forex_news/quickview/2141967/

*Taiwan Jul Industrial Production +1.92% On Month Vs. +0.67% In June

Taiwan Jul Industrial Production +1.92% On Month Vs. +0.67% In June

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source http://www.mt5.com/forex_news/quickview/2141966/

*Taiwan Jul Industrial Production +3.03% Y/Y Vs. -0.49% In Jun, Consensus -0.6%

Taiwan Jul Industrial Production +3.03% Y/Y Vs. -0.49% In Jun, Consensus -0.6%

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source http://www.mt5.com/forex_news/quickview/2141965/

*Lithuania Jul Industrial Production Up 1.2% On Month

Lithuania Jul Industrial Production Up 1.2% On Month

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source http://www.mt5.com/forex_news/quickview/2141964/

*Lithuania Jul Industrial Production Up 5.2% On Year

Lithuania Jul Industrial Production Up 5.2% On Year

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source http://www.mt5.com/forex_news/quickview/2141963/

*Austria Jun Production Index Rises 0.5% M-o-M

Austria Jun Production Index Rises 0.5% M-o-M

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source http://www.mt5.com/forex_news/quickview/2141962/

*Austria Jun Production Index Up 1.3% On Year

Austria Jun Production Index Up 1.3% On Year

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source http://www.mt5.com/forex_news/quickview/2141961/

Crude Oil Prices May Fall as Fed Chair Powell Cools Rate Cut Bets

Crude oil prices may fall as Fed Chair Jerome Powell pours cold water on interest rate cut speculation in a speech at the economic symposium in Jackson Hole.
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Singapore Inflation Moderates More Than Forecast

Singapore's inflation slowed more-than-expected in July, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Friday.

The consumer price index rose 0.4 percent year-on-year in July, slower than the 0.6 percent increase in June. Economists had expected a 0.5 percent rise.

The slowdown in inflation reflected lower prices of retail and other goods, and electricity and gas.

MAS core inflation, which excludes the costs of accommodation and private road transport, slowed to 0.8 percent from 1.2 percent in the previous month. This was the lowest since April 2016.

On a month-on-month basis, consumer prices declined 0.4 percent in July, following a 0.2 percent fall in the preceding month.

MAS core CPI rose 0.1 percent monthly, after remaining unchanged in the previous month.

The MAS and the ministry forecast core inflation to come within the lower half of the 1-2 percent range in 2019. Meanwhile, overall inflation is expected to average 0.5-1.5 percent in 2019.

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source http://www.mt5.com/forex_news/quickview/2141960/

*Singapore Jul Core CPI +0.8% On Year Vs. +1.2% In June

Singapore Jul Core CPI +0.8% On Year Vs. +1.2% In June

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source http://www.mt5.com/forex_news/quickview/2141959/

*Singapore Jul CPI -0.4% On Year Vs. -0.2% In June

Singapore Jul CPI -0.4% On Year Vs. -0.2% In June

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source http://www.mt5.com/forex_news/quickview/2141958/

*Singapore Jul CPI +0.4% On Year Vs. +0.6% In Jun, Consensus +0.5%

Singapore Jul CPI +0.4% On Year Vs. +0.6% In Jun, Consensus +0.5%

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source http://www.mt5.com/forex_news/quickview/2141957/

Euro May Fall vs US Dollar on Powell Comments at Jackson Hole

The Euro may fall vs the US Dollar if Fed Chairman Jerome Powell’s comments spark risk aversion and boost demand for liquidity.
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New Zealand Retail Sales Growth Slows In Q2

New Zealand retail sales grew at a slower rate in the second quarter, figures from Statistics New Zealand showed on Friday.

The total volume of retail sales rose by a seasonally adjusted 0.2 percent sequentially in the second quarter, which was slower than 0.7 percent increase in the previous quarter. Economists had forecasts for a rise of 0.3 percent.

The total value of retail sales rose 0.7 percent on quarter, after a 0.1 percent increase in the March quarter.

The largest increases in volume were in electrical and electronic goods by 5.0 percent, while supermarket and grocery stores declined by 0.9 percent in the June quarter.

The big factor that has been weighing on spending appetites is the softness in the housing market, Satish Ranchhod, an economist at Westpac noted.

The economist said spending growth is expected to remain moderate over the remainder of 2019, before picking up over 2020.

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source http://www.mt5.com/forex_news/quickview/2141956/

Sri Lanka Central Bank Cuts Key Rates By 50 Bps

Sri Lanka's central bank reduced its key interest rates unexpectedly by 50 basis points to revive economic growth amid low inflation.

The monetary board of the Central Bank of Sri Lanka on Friday decided to cut the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points to 7.00 percent and 8.00 percent, respectively. The bank had earlier reduced its rates by 50 basis points in May.

At the August meeting, policymakers concluded that a reduction of interest rates is warranted.

The statutory reserve ratio was kept unchanged at 5.00 percent.

The chances are that today's policy loosening will probably be the last in 2019 as the currency is likely to come under renewed pressure, Alex Holmes, an economist at Capital Economics, said.

While the central bank expects the "depreciation pressure" to be "short-lived", the economist said he expects it to continue over the coming quarters.

Economic growth is forecast to recover gradually towards its potential in the medium term, but domestic and global headwinds are likely to delay this recovery, the central bank said.

The bank expects inflation to remain around the lower bound of the desired inflation target range of 4-6 percent during the remainder of 2019.

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source http://www.mt5.com/forex_news/quickview/2141955/

Japan Nationwide CPI +0.5% On Year In July

Overall nationwide inflation in Japan was up 0.5 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday.

That was shy of forecasts for an annual increase of 0.6 percent and down from 0.7 percent in June.

Core consumer prices, which exclude volatile food prices, gained an annual 0.6 percent - unchanged from the previous month and in line with expectations.

On a monthly basis, both overall and core consumer prices were up a seasonally adjusted 0.1 percent.

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source http://www.mt5.com/forex_news/quickview/2141954/

*Japan Overall Nationwide Inflation +0.5% On Year, +0.1% On Month In July

Japan Overall Nationwide Inflation +0.5% On Year, +0.1% On Month In July

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source http://www.mt5.com/forex_news/quickview/2141952/

*Japan Nationwide Core CPI +0.6% On Year, +0.1% On Month In July

Japan Nationwide Core CPI +0.6% On Year, +0.1% On Month In July

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source http://www.mt5.com/forex_news/quickview/2141953/

GBPUSD Rate Forecast: RSI Offers Bullish Signal for British Pound

Recent developments in the Relative Strength Index (RSI) foreshadowing a larger correction in GBPUSD as the oscillator snaps the bearish trend from earlier this year.
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GBP Gains. Yen Rallies as US Manufacturing Shrinks Most Since 2009

The British Pound rose on the latest Brexit news, but it still has a way to go before clearing resistance. Meanwhile, Wall Street wobbles as US manufacturing contracts for the first time since 2009.
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*Germany Aug Manufacturing PMI 43.6 Vs. 43.27 In Jul, Consensus 43.0

Germany Aug Manufacturing PMI 43.6 Vs. 43.27 In Jul, Consensus 43.0

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141899/

*Germany Aug Composite PMI 51.4 Vs. 50.9 In Jul, Consensus 50.6

Germany Aug Composite PMI 51.4 Vs. 50.9 In Jul, Consensus 50.6

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141897/

Euro Rises Vs Most Majors Ahead Of German PMI

At 3.30 am ET Thursday, Germany's flash PMI report is due. The composite index is seen at 50.6 in August versus 50.9 in July.

The euro traded mixed against its major counterparts before the data. While the euro held steady against the yen, it rose against the rest of major rivals.

The euro was worth 118.05 against the yen, 1.0895 against the franc, 0.9144 against the pound and 1.1094 against the greenback at 3:25 am ET.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141896/

*France Aug Manufacturing PMI 51.0 Vs. 49.7 In Jul, Consensus 49.5

France Aug Manufacturing PMI 51.0 Vs. 49.7 In Jul, Consensus 49.5

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141895/

*France Aug Services PMI 53.3 Vs. 52.6 In Jul, Consensus 52.5

France Aug Services PMI 53.3 Vs. 52.6 In Jul, Consensus 52.5

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141894/

*France Aug Composite PMI 52.7 Vs. 51.9 In Jul, Consensus 51.8

France Aug Composite PMI 52.7 Vs. 51.9 In Jul, Consensus 51.8

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141893/

Denmark Consumer Confidence At 11-Month High

Denmark's consumer confidence strengthened to a 11-month high in August, survey data from Statistics Denmark showed on Thursday.

The consumer confidence index rose sharply to 6.3 in August from 2.9 in July. This was the highest reading since September 2018.

The index measuring consumer's view regarding the future personal financial situation increased to 15.0 in August from 9.2 in the previous month.

The measure reflecting the past personal financial situation rose 11.0 from 6.3 in the preceding month.

Households' judgment about the general economic situation of the country over the next year improved with the index climbing to minus 1.8 from minus 4.1 in July. The index measuring past general economic situation came in at 11.6 versus 9 a month ago.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141890/

Franc Little Changed Following Swiss Industrial Production

At 2.30 am ET Thursday, Swiss industrial output figures for the second quarter has been published from the Federal Statistical Office. The franc changed little against its major rivals following the data.

The franc was trading at 108.27 against the yen, 1.0876 against the euro, 1.1901 against the pound and 0.9818 against the greenback around 2:33 am ET.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141888/

*Swiss Q2 Industrial Turnover Rises 3.4% Annually

Swiss Q2 Industrial Turnover Rises 3.4% Annually

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141889/

*Swiss Q2 Industrial Production Rises 4.8% On Year

Swiss Q2 Industrial Production Rises 4.8% On Year

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141887/

Franc Rises Vs Most Majors Ahead Of Swiss Industrial Production

At 2.30 am ET Thursday, the Federal Statistical Office is scheduled to publish Swiss industrial output figures for the second quarter. Ahead of the data, the franc traded mixed against its major rivals. While the franc fell against the yen, it rose against the rest of major rivals.

The franc was worth 108.25 against the yen, 1.0880 against the euro, against the pound and 0.9822 against the greenback as of 2:25 am ET.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141886/

Japan All Industry Index Falls In June

Japan's all industry activity declined in June, figures from the Ministry of Economy, Trade and Industry showed on Thursday.

The all industry activity index declined 0.8 percent month-on-month in June, following a 0.5 percent rise in May, which was in line with economists' expectations.

Among components, construction activity dropped 1 percent, after a 1.5 percent rise in May. Industrial production declined 3.4 percent, after a 2.1 percent gain in May.

Tertiary industry activity fell 0.1 percent in June, after remaining unchanged in the previous month.

On a yearly basis, all industry activity dropped 0.3 percent in June, reversing a 0.1 percent increase in the previous month.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141885/

Australia Private Sector Contracts For First Time Since March

Australia's private sector contracted for the first time in five months in August reflecting the weakness in the service sector, survey data from IHS Markit showed on Thursday.

The Commonwealth Bank of Australia flash composite output index fell to 49.5 in August from 52.1 in July. Any score below 50 indicates contraction.

New orders declined marginally in August and employment increased slightly leading to a reduction in backlogs of work.

On the price front, input cost inflation fell in August. Competitive pressures limited pricing power, with both sectors reporting a slowdown in output price inflation.

Despite the weakness in output and new orders, business sentiment rose to the highest seen since February.

The services Purchasing Managers' Index dropped to 49.2 from 52.3 a month ago. At the same time, the factory PMI decreased to 51.3 in August from 51.6 in the previous month.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141884/

*Denmark Aug Consumer Confidence 6.3 Vs. 2.9 In July

Denmark Aug Consumer Confidence 6.3 Vs. 2.9 In July

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141883/

Euro May Fall on ECB Minutes, Jackson Hole and Eurozone PMIs

The Euro may fall against the US Dollar if ECB minutes carry ultra-dovish undertones and commentary from Jackson Hole spooks markets against the backdrop of Eurozone PMI data.
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Crude Oil Price Correction Stalls Ahead of Monthly-High

The failed attempt to test the monthly-high ($57.99) raises the risk for a further decline in the price of oil as crude tracks the downward trend from earlier this year.
Via DailyFX - Forex Market News https://ift.tt/1QzwL0U

Gold Prices Hint at Topping Before Jackson Hole Symposium

Gold prices may form a top if bearish technical cues find follow-through as all eyes turn to a speech by Fed Chair Powell at the Jackson Hole symposium.
Via DailyFX - Forex Market News https://ift.tt/1QzwL0U

*Japan Jun All Industry Activity -0.3% On Year Vs. 0.1% In May

Japan Jun All Industry Activity -0.3% On Year Vs. 0.1% In May

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141882/

*Japan Jun All Industry Activity -0.8% On Month Vs. 0.5% In May, Consensus -0.8%

Japan Jun All Industry Activity -0.8% On Month Vs. 0.5% In May, Consensus -0.8%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141881/