*Australia Building Approvals +7.6% On Month, -19.0% On Year In September

Australia Building Approvals +7.6% On Month, -19.0% On Year In September

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source http://www.mt5.com/forex_news/quickview/2145573/

Japan Industrial Output Jumps 1.4% In September

Industrial production in Japan was up a seasonally adjusted 1.4 percent on month in September, the Ministry of Economy, Trade and Industry said in Thursday's preliminary report.

That beat forecasts for an increase of 0.4 percent following the 1.2 percent decline in August.

On a yearly basis, industrial output was up 1.1 percent - again beating expectations for a decline of 0.1 percent following the 4.7 percent drop in the previous month.

Upon the release of the data, the METI kept its assessment of industrial production unchanged, saying: Industrial production is in a weak tone recently.

Industries that contributed to the increase included business oriented machinery, production machinery and electrical machinery - which offset declines among chemicals, motor vehicles and electronic parts.

Shipments were up 1.3 percent on month and 2.0 percent on year on gains from production machinery, business oriented machinery and iron and steel.

Inventories fell 1.6 percent on month but added 0.7 percent on year, weighed by declines among petroleum products, electrical machinery and chemicals.

The forecast for October's output suggests an increase of 0.6 percent, followed by a 1.2 percent drop in November.

The gain in October is fueled by production machinery, electrical machinery and communications equipment. The drop in November is caused by electrical machinery and chemicals.

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

source http://www.mt5.com/forex_news/quickview/2145572/

Japan Industrial Production Climbs 1.4% In September

Industrial output in Japan was up a seasonally adjusted 1.4 percent on month in September, the Ministry of Economy, Trade and Industry said in Thursday's preliminary report.

That beat forecasts for an increase of 0.4 percent following the 1.2 percent decline in August.

On a yearly basis, industrial output was up 1.1 percent - again beating expectations for a decline of 0.1 percent following the 4.7 percent drop in the previous month.

Upon the release of the data, the METI kept its assessment of industrial production unchanged, saying: Industrial production is in a weak tone recently.

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

source http://www.mt5.com/forex_news/quickview/2145571/

South Korea Industrial Production Rises 2.0% In September

Industrial production in South Korea was up a seasonally adjusted 2.0 percent on month in September, Statistics Korea said on Thursday - following the 1.8 percent drop in August.

On a yearly basis, industrial output added 0.4 percent following the 3.3 percent drop in the previous month.

The index of all industry production fell 0.4 percent on month but rose 0.5 percent on year in September.

On a quarterly basis, industrial production was up 1.9 percent on quarter and down 0.8 percent on year in Q3.

The Manufacturing Production Index added 2.1 percent om month and 0.2 percent on year. The Manufacturing Shipment Index gained 0.5 percent on month but fell 1.2 percent on year. The Manufacturing Inventory Index rose 1.2 percent on month and 8.4 percent on year.

The Production Capacity Index was flat month but fell 2.2 percent on year. The Index of Capacity Utilization Rate climbed 2.9 percent on month and 2.5 percent on year.

The Manufacturing Average Capacity Utilization Rate was 75.6 percent, up 2.2 percentage points from the previous month. The Index of Services in September fell 1.2 percent on month but gained 1.0 percent on year.

The Retail Sales Index shed 2.2 percent on month but jumped 3.3 percent on year. The Equipment Investment Index climbed 2.9 percent on month but dropped 1.6 percent on year.

The Domestic Machinery Shipment Index lost 2.6 percent on year. The value of Domestic Machinery Orders Received jumped 4.6 percent on year. The value of Construction Completed at constant prices lost 2.7 percent on month and 7.4 percent on year. The value of Construction Orders Received at current prices surged an annual 24.7 percent.

The Composite Coincident Index in September increased 0.3 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, was flat on month.

The Composite Leading Index in September added 0.4 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, gained 0.1 points from the previous month.

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

source http://www.mt5.com/forex_news/quickview/2145570/

*Japan Industrial Production +1.4% On Month, +1.1% On Year In September

Japan Industrial Production +1.4% On Month, +1.1% On Year In September

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source http://www.mt5.com/forex_news/quickview/2145569/

EUR/USD Eyes August-High Again as Fed Pledges to “Respond Accordingly”

EUR/USD appears to be making another attempt to test the August-high (1.1250) as the Fed Chairman Jerome Powell pledges to “respond accordingly” to the economic outlook. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar Response to Fed Rate Decision, Explained

The US Dollar might have been expected to rise as the Federal Reserve signaled a pause in its interest rate cut cycle. It plunged instead. Why? Via DailyFX - Market News https://ift.tt/2NYYHlE

South Korea Industrial Output Gains 2.0% In September

Industrial production in South Korea was up a seasonally adjusted 2.0 percent on month in September, Statistics Korea said on Thursday - following the 1.8 percent drop in August.

On a yearly basis, industrial output added 0.4 percent following the 3.3 percent drop in the previous month.

The index of all industry production fell 0.4 percent on month but rose 0.5 percent on year in September.

On a quarterly basis, industrial production was up 1.9 percent on quarter and down 0.8 percent on year in Q3.

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

source http://www.mt5.com/forex_news/quickview/2145568/

*South Korea Industrial Production +2.0% On Month, +0.4% On Year In September

South Korea Industrial Production +2.0% On Month, +0.4% On Year In September

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

source http://www.mt5.com/forex_news/quickview/2145567/

New Zealand Building Permits Spike 7.2% In September

The total number of building permits issued in New Zealand was up a seasonally adjusted 7.2 percent on month in September, Statistics New Zealand said on Thursday - after rising 0.9 percent in August.

In the year ended September 2019, the actual number of new dwellings consented was 36,446, up 12 percent on year.

The annual value of non-residential building work consented was NZ$7.6 billion, up an annual 13 percent.

In September, there were 3,347 new dwellings were consented, comprising: 1,744 stand-alone houses, 816 townhouses, flats, and units, 611 apartments and 176 retirement village units.

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

source http://www.mt5.com/forex_news/quickview/2145566/

*New Zealand Building Permits Rise 7.2% On Month In September

New Zealand Building Permits Rise 7.2% On Month In September

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

source http://www.mt5.com/forex_news/quickview/2145565/

Japan Industrial Production Data Due On Thursday

Japan is scheduled to release preliminary September figures for industrial production, highlighting a busy day for Asia-Pacific economic activity. Industrial production is predicted to add 0.4 percent on month and fall 0.1 percent on year after sinking 1.2 percent on month and 4.7 percent on year in August.

Japan also will see September numbers for housing starts and construction orders and October results for its consumer confidence index.

Housing starts are tipped to fall 6.7 percent on year after shedding 7.1 percent in August. Construction orders plummeted an annual 25.9 percent in August. The consumer confidence index is tipped to show a score of 35.2, down from 35.6 in September.

China will see October results for its manufacturing, non-manufacturing and composite PMIs. In September, the manufacturing PMI had a score of 49.8, the non-manufacturing PMI was at 53.7 and the composite came in at 53.1.

Hong Kong will provide Q3 numbers for gross domestic product; in the three months prior, GDP was down 0.4 percent on quarter and up 0.5 percent on year.

New Zealand will see September figures for building permits and October results for the activity outlook from ANZ. Permits were up 0.8 percent on month in August, while the outlook score was -1.8 and the business confidence index was at -53.5.

Australia will release September figures for building approvals and private sector credit, plus Q3 numbers for import and export prices.

Building approvals are called flat on month and down 25.7 percent on year after falling 1.1 percent on month and 21.5 percent on year in August. Private sector credit is seen higher by 0.3 percent on month and 2.7 percent on year after adding 0.2 percent on month and 2.9 percent on year in the previous month.

Export prices are predicted to fall 0.5 percent on quarter after rising 3.8 percent in Q2. Import prices are called higher by 0.5 percent after gaining 0.9 percent in the three months prior.

South Korea will provide September numbers for industrial production and retail sales; in August, industrial production was down 1.4 percent on month and up 0.2 percent on year, while retail sales climbed an annual 4.1 percent.

Thailand will see September data for imports, exports and trade balance. In August, imports were worth $18.28 billion and exports were at $21.86 billion for a trade surplus of $3.58 billion.

Malaysia will release September numbers for producer prices; in August, prices were up 0.2 percent on month and down 1.9 percent on year.

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

source http://www.mt5.com/forex_news/quickview/2145564/

Dollar Loses Ground Against Rivals As Fed Cuts Interest Rate

The U.S. dollar was weak against most major currencies on Wednesday, weighed down by the Federal Reserve's decision to cut interest rates.

The dollar index, which was moving along the flat line for much of the session till the Federal Reserve came out with its rate call, initially climbed higher after the Fed cut rates and signaled a pause in easing cycle.

However, the dollar retreated subsequently, falling from 98.00 to 97.50, netting a loss of 0.2%.

The Fed announced its widely expected to decision to lower the target range for the federal funds rate by 25 basis points to 1.5% to 1.75%.

The quarter point rate cut follows two matching moves at the Fed's meetings in September and July, which marked the first rate cuts in over a decade.

However, the Fed's accompanying statement removed a key line indicating the central bank would continue to "act as appropriate to sustain the expansion."

The line was included in each of the Fed's three previous statements and was seen as pointing toward a near-term rate cut.

The Fed said it would continue to monitor the implications of incoming information for the economic outlook as it assesses the appropriate path of the target range for the federal funds rate.

Against the euro, the dollar was quoting at 1.1147, compared to previous close of 1.1111.

Eurozone economic confidence eased to a near five-year low in October suggesting that the single currency bloc entered the fourth quarter on a weak footing.

The economic sentiment index dropped to 100.8 in October from 101.7 in the previous month, survey results from the European Commission showed.

The pound sterling was up at $1.2903, from Tuesday's close of $1.2868.

Against the Japanese Yen, the dollar was down slightly with a unit fetching 108.84 yen. On Tuesday, the Japanese currency had settled at 108.88 a dollar.

The Aussie was gaining nearly 0.5% at 0.6898

The dollar was down notably against Swiss franc and loonie as well. The dollar-franc pair was at 0.9895.

The dollar was quoting at 1.3163 against the loonie after the Bank of Canada left its key rate unchanged and downgraded its growth forecast for next two years amid worsening global economic conditions.

The BoC kept its key rate unchanged at 1.75%, as expected.

The bank said that economic growth is likely to slow in the second half of this year, reflecting trade uncertainty, continuing adjustment in the energy sector, and the unwinding of temporary factors that boosted growth in the second quarter.

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

source http://www.mt5.com/forex_news/quickview/2145563/

Australian Dollar Capped As China Manufacturing PMI Misses Forecasts

The Australian Dollar made gains after US borrowing costs fell but these were halted by news that China's manufacturing sector remains mired. Via DailyFX - Market News https://ift.tt/2NYYHlE

Crude Oil Futures End Notably Lower After Inventory Data

Crude oil prices drifted lower and closed at their lowest levels in about a week on Wednesday, after data showed a notable jump in crude inventories in the U.S.

Worries about energy demand outlook amid the ongoing U.S.-China trade dispute and slowing global economy too contributed to the drop in oil prices.

West Texas Intermediate Crude oil futures for December ended down $0.48, or about 0.9%, at 55.06 a barrel.

On Tuesday, WTI Crude oil futures for December ended down $0.27, or about 0.5%, at $55.54 a barrel.

According to the data released by the Energy Information Administration (EIA) Wednesday morning, crude stockpiles in the U.S. increased by 5.7 million barrels in the week ended October 25, more than twice the expected jump.

The EIA report also said gasoline inventories dropped by 3 million barrels in the week ended October 25. Distillates supply dropped by about 1 million barrels in the week, the data showed.

Late on Tuesday, the American Petroleum Institute (API) had released a report that said crude inventories fell by 708,000 barrels last week.

Meanwhile, hopes over a potential U.S.-China trade deal waned after reports suggested a phase one trade deal between the U.S. and China may not be signed by a summit in Chile next month.

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

source http://www.mt5.com/forex_news/quickview/2145562/

Treasuries Remain Firmly Positive After Fed Cuts Rates

After ending the previous session modestly higher, treasuries saw some further upside over the course of the trading day on Wednesday.

Bond prices drifted higher in morning trading and managed to remain firmly positive despite some late-day volatility. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.7 basis points to 1.798 percent.

The advance by treasuries came as the Federal Reserve announced its decision to lower interest rates for the third straight meeting.

The Fed announced its widely expected to decision to lower the target range for the federal funds rate by 25 basis points to 1-1/2 to 1-3/4 percent.

The quarter point rate cut follows two matching moves at the Fed's meetings in September and July, which marked the first rate cuts in over a decade.

Traders seemed unfazed by a change to the accompanying statement suggesting the central bank may put further monetary policy easing on hold.

The Fed's accompanying statement removed a key line indicating the central bank would continue to "act as appropriate to sustain the expansion."

The line was included in each of the Fed's three previous statements and was seen as pointing toward a near-term rate cut.

The Fed said it would continue to monitor the implications of incoming information for the economic outlook as it assesses the appropriate path of the target range for the federal funds rate.

"It's a small change, but suggests less willingness to continue cutting rates in future," FHN Financial Chief Economist Chris Low said about removing the line.

Low added, "In other words, while the FOMC was previously in the midst of a mid-cycle series of rate cuts and assessing whether to end it, the new language suggests they are ready to end it, but alert for evidence it should continue."

The Fed is scheduled to hold its next monetary policy meeting on December 10-11, with CME Group's FedWatch tool currently indicating a 79.1 percent chance the central bank will leave rates unchanged.

In his post-meeting press conference, Fed Chairman Jerome Powell said the current stance of monetary policy is "likely to remain appropriate" as long as "the outlook remains broadly in keeping with our expectations."

Powell also told reporters the Fed would need to see a "really significant move up in inflation that's persistent" before the central bank would consider raising interest rates.

With the focus on the Fed, traders largely shrugged off the release of some upbeat U.S. economic data, including the Commerce Department's first reading on third quarter GDP.

The Commerce Department report showed U.S. economic growth slowed much less than expected in the third quarter.

The report said real gross domestic product increased by 1.9 percent in the third quarter after climbing by 2.0 percent in the second quarter. Economists had expected GDP growth to slow to 1.7 percent.

Payroll processor ADP released a separate report showing U.S. private sector employment increased by slightly more than anticipated in the month of October.

ADP said private sector employment climbed by 125,000 jobs in October compared to economist estimates for an increase of about 120,000 jobs.

However, the report also showed private sector job growth in September was downwardly revised to 93,000 from the previously reported addition of 135,000 jobs.

"Job growth has throttled way back over the past year," said Mark Zandi, chief economist of Moody's Analytics. "If hiring weakens any further, unemployment will begin to rise."

Reports on weekly jobless claims and personal income and spending may attract some attention on Thursday, although trading activity may be somewhat subdued ahead of the release of the Labor Department's more closely watched monthly jobs report on Friday.

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

source http://www.mt5.com/forex_news/quickview/2145561/

Gold Settles Higher For The Session

Gold futures ended higher on Wednesday, recovering from recent losses, but edged up again after the Federal Reserve reduced its interest rate.

Fading optimism about U.S. and China signing an interim trade deal by mid-November pushed up gold prices.

Gold futures for December ended at $1.496.70 an ounce, gaining $6, or about 0.4%.

On Tuesday, gold futures for December ended down $5.10, or about 0.3%, at $1,490.70 an ounce, after gaining about 0.6% a session earlier.

After the rate cut announcement by the Fed Wednesday afternoon, gold futures for December edged down a bit.

Data released by the Commerce Department showed U.S. economic growth slowed much less than expected in the third quarter.

The Commerce Department said real gross domestic product increased by 1.9% in the third quarter after climbing by 2% in the second quarter. Economists had expected GDP growth to slow to 1.7%.

Payroll processor ADP released a report on Wednesday showing U.S. private sector employment increased by slightly more than anticipated in the month of October.

ADP said private sector employment climbed by 125,000 jobs in October compared to economist estimates for an increase of about 120,000 jobs.

The report also showed private sector job growth in September was downwardly revised to 93,000 from the previously reported addition of 135,000 jobs.

The Federal Reserve voted to cut interest by a quarter point on Wednesday, but a notable change to the accompanying statement suggests the central bank may put further monetary policy easing on hold.

The Fed announced its widely expected to decision to lower the target range for the federal funds rate by 25 basis points.

However, the Fed's accompanying statement removed a key line indicating the central bank would continue to "act as appropriate to sustain the expansion."

The line was included in each of the Fed's three previous statements and was seen as pointing toward a near-term rate cut.

The Fed said it would continue to monitor the implications of incoming information for the economic outlook as it assesses the appropriate path of the target range for the federal funds rate.

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

source http://www.mt5.com/forex_news/quickview/2145560/

*Fed Chairman Powell Holing Post-Meeting Press Conference

Fed Chairman Powell Holing Post-Meeting Press Conference

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

source http://www.mt5.com/forex_news/quickview/2145559/

Fed Cuts Rates But Drops Pledge To Act As Appropriate To Sustain Expansion

For the third straight meeting, the Federal Reserve voted to cut interest by a quarter point on Wednesday, but a notable change to the accompanying statement suggests the central bank may put further monetary policy easing on hold.

The Fed announced its widely expected to decision to lower the target range for the federal funds rate by 25 basis points to 1-1/2 to 1-3/4 percent.

The quarter point rate cut follows two matching moves at the Fed's meetings in September and July, which marked the first rate cuts in over a decade.

However, the Fed's accompanying statement removed a key line indicating the central bank would continue to "act as appropriate to sustain the expansion."

The line was included in each of the Fed's three previous statements and was seen as pointing toward a near-term rate cut.

The Fed said it would continue to monitor the implications of incoming information for the economic outlook as it assesses the appropriate path of the target range for the federal funds rate.

"It's a small change, but suggests less willingness to continue cutting rates in future," FHN Financial Chief Economist Chris Low said about removing the line.

Low added, "In other words, while the FOMC was previously in the midst of a mid-cycle series of rate cuts and assessing whether to end it, the new language suggests they are ready to end it, but alert for evidence it should continue."

The Fed's statement reiterated that the labor market remains strong and that economic activity has been rising at a moderate rate.

The central bank noted that household spending has been rising at a strong pace, while business fixed investment and exports remain weak.

On the inflation front, the Fed said overall inflation and core inflation, which excludes food and energy prices, continue to run below 2 percent and that longer-term inflation expectations are little changed.

The Fed views a sustained economic expansion, strong labor market conditions, and inflation near its 2 percent target as the most likely outcomes but acknowledged uncertainties about this outlook remain.

Members of the Federal Open Market Committee voted 8 to 2 in favor of cuttings rates, with Kansas City Fed President Esther George and Boston Fed President Eric Rosengren preferring to maintain the target range at 1-3/4 percent to 2 percent.

The Fed is scheduled to hold its next monetary policy meeting on December 10-11, with CME Group's FedWatch tool currently indicating a 76.3 percent chance the central bank will leave rates unchanged.

Shortly, Federal Reserve Chairman Jerome Powell is scheduled to hold his customary post-meeting press conference.

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

source http://www.mt5.com/forex_news/quickview/2145558/

*Federal Reserve Cuts Interest Rates By 25 Basis Points

Federal Reserve Cuts Interest Rates By 25 Basis Points

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

source http://www.mt5.com/forex_news/quickview/2145557/

USD/KRW Looks to Samsung Earnings, PCE Data After FOMC Decision

USD/KRW will be bracing for Samsung Q3 earnings and US PCE data following the FOMC rate decision and critical commentary from Fed Chairman Jerome Powell. Via DailyFX - Market News https://ift.tt/2NYYHlE

Canadian Dollar and US Dollar Fall on BoC and Fed Rate Cut Bets

The Canadian Dollar tumbled as the BoC fueled rate cut bets as Fed Chair Jerome Powell eventually sent the US Dollar lower. AUD/USD faces another test of resistance from 2018. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar Price Volatility Report: Core PCE & NFP Data on Deck

Forex traders turn to upcoming core PCE data due Thursday and a nonfarm payrolls report slated for release Friday for clues on where the US Dollar might head next following the latest FOMC rate cut. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar Outlook: US Q3 GDP Starter Before FOMC Main Course

The US dollar may be in for a bumpy ride later in the today’s session with the first look at US Q3 GDP ahead of the latest FOMC rate decision. Via DailyFX - Market News https://ift.tt/2NYYHlE

*Dutch Oct Producer Confidence 3.6 Vs. 3.3 In September

Dutch Oct Producer Confidence 3.6 Vs. 3.3 In September

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

source http://www.mt5.com/forex_news/quickview/2145455/

European Economics Preview: Eurozone Economic Confidence Data Due

Economic sentiment data from euro area is due on Wednesday, headlining a busy day for the European economic news.

At 2.30 am ET, France's Insee is set to issue quarterly GDP data. The economy is forecast to grow 0.2 percent sequentially in the third quarter after rising 0.3 percent in the preceding period.

At 3.45 am ET, France's household spending figures are due. Spending is expected to show nil growth in September.

At 4.00 am ET, Spain's INE releases flash inflation data for October. Consumer prices are forecast to remain flat after rising 0.1 percent in September. In the meantime, average gross wages from Hungary is due.

At 4.55 am ET, the Federal Labor Agency publishes Germany's unemployment data. Economists forecast the number of unemployed to increase 2,000 in October following a decline of 10,000 in September.

At 5.00 am ET, business and consumer confidence survey results are due from Italy. The consumer confidence index is seen at 111.8 in October versus 112.2 in September. At 6.00 am ET, the European Commission is scheduled to issue euro area economic confidence survey data. The economic sentiment index is forecast to drop to 101.1 in October from 101.7 in September.

At 9.00 am ET, Germany's flash inflation data is due. Economists forecast inflation to slow to 1 percent in October from 1.2 percent in September.

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

source http://www.mt5.com/forex_news/quickview/2145454/

Canadian Dollar Price Outlook: USD/CAD Volatility Soars on BoC and Fed Risk

BoC is expected to stand pat on interest rates and keep its neutral stance in light of resilient data. Focus is on the Fed’s outlook for greater USD/CAD volatility. Via DailyFX - Market News https://ift.tt/2NYYHlE

Brexit Latest: Sterling (GBP) Untroubled by General Election Fears, FOMC Ahead

Sterling remains near highs last seen five-months ago against a range of currencies as traders bet that UK PM Boris Johnson will win the December 12 General Election. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japanese Yen to Rise if the Fed Disappoints Dovish Market Hopes

The Japanese Yen may build on its nearly two-year uptrend if Fed guidance falls short of the markets’ ultra-dovish hopes for upcoming US monetary policy. Via DailyFX - Market News https://ift.tt/2NYYHlE

UK Shop Prices Continue To Fall: BRC

UK shop prices fell for the fifth consecutive month in October, data from the British Retail Consortium showed Wednesday.

The BRC-Nielsen shop price index dropped 0.4 percent year-on-year in October due to continuing decline in non-food prices.

Food prices advanced 1.6 percent on a yearly basis, while non-food prices decreased 1.5 percent in October.

The year has seen relatively weak sales and retailers hope that Black Friday and Christmas will reverse this trend with the help of lower prices, Helen Dickinson, chief executive at BRC, said.

Dickinson said the threat of a no-deal Brexit has been pushed back, it has not gone away.

To remove this threat, and the price rises that would result, Dickinson urged the government to secure an agreement with the EU as soon as possible to give consumers and retailers the certainty they need.

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

source http://www.mt5.com/forex_news/quickview/2145453/

EUR/USD Downtrend May Accelerate Ahead of Critical Economic Data

The Euro’s decline may accelerate if key regional data reinforces concerns about the Eurozone’s growth prospects against the backdrop of the FOMC rate decision. Via DailyFX - Market News https://ift.tt/2NYYHlE

Gold Prices Up Despite Fed Rate Cut Forecasts as Trade Hopes Take Hit

Commodities markets are like all others looking to the Federal Reserve’s monetary policy decision but the US-Chin a trade story is never far away. Via DailyFX - Market News https://ift.tt/2NYYHlE

Australia Consumer Prices Rise 1.7% On Year In Q3

Consumer prices in Australia were up 1.7 percent on year in the third quarter of 2019, the Australian Bureau of Statistics said on Wednesday - in line with expectations and up from 1.6 percent in the previous three months.

On a quarterly basis, inflation was up 0.5 percent - again matching expectations and down from 0.6 percent in the three months prior.

The Reserve Bank of Australia's trimmed mean came in at 0.4 percent on quarter and 1.6 percent on year - both unchanged and as expected.

The RBA's weighted median was at 0.3 percent on quarter and 1.2 percent on year.

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

source http://www.mt5.com/forex_news/quickview/2145452/

*Australia CPI +0.5% On Quarter, +1.7% On Year In Q3

Australia CPI +0.5% On Quarter, +1.7% On Year In Q3

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

source http://www.mt5.com/forex_news/quickview/2145451/

Japan Retail Sales Surge 9.1% On Year In September

Retail sales in Japan climbed 9.1 percent on year in September, the Ministry of Economy, Trade and Industry said on Wednesday - exceeding expectations for an increase of 6.0 percent following the 1.8 percent gain in August.

On a seasonally adjusted monthly basis, retail sales spiked 7.1 percent - again topping expectations for 3.5 percent and up from 4.6 percent in the previous month.

Large retailer sales surged 10.0 percent on year, beating forecasts for 9.4 percent and up sharply from 0.3 percent a month earlier.

Wholesale sales rose an annual 2.6 percent after falling 4.7 percent in August.

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

source http://www.mt5.com/forex_news/quickview/2145450/

*Japan Retail Sales +9.1% On Year In September

Japan Retail Sales +9.1% On Year In September

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

source http://www.mt5.com/forex_news/quickview/2145449/

USD/JPY Bullish, NZD/USD Bearish Contrarian Outlook Ahead of Fed

The Japanese Yen and New Zealand Dollar may weaken against the US Dollar on IG Client Sentiment forecasts ahead of the Federal Reserve’s highly-anticipated interest rate cut. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japan Rate Decision On Tap For Wednesday

The Bank of Japan is scheduled to wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The bank is expected to keep its benchmark lending rate steady at -0.1 percent, although other forms of stimulus may be introduced.

Japan also will see September figures for retail sales, with forecasts suggesting an increase of 3.6 percent on month and 6.1 percent on year. That follows the 4.8 percent monthly increase and the 2.0 percent annual gain. Large retailer sales are expected to jump 8.8 percent on year after adding 0.4 percent in the previous month.

Australia will release Q3 numbers for consumer prices, with forecasts calling for an increase of 0.5 percent on quarter and 1.7 percent on year. That follows the 0.6 percent quarterly increase and the 1.6 percent yearly gain in Q2.

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

source http://www.mt5.com/forex_news/quickview/2145448/

BRL, USD Brace for BCB, FOMC Rate Decisions Amid Trade War Perils

The US Dollar may rise vs the Brazilian Real and emerging market FX if the post-FOMC rate decision press briefing spooks markets and puts a premium on liquidity over returns. Via DailyFX - Market News https://ift.tt/2NYYHlE

FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

Fed meetings tend to cause above-average volatility in the US Dollar. Here's how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions. Via DailyFX - Market News https://ift.tt/2NYYHlE

Dollar Subdued Ahead Of Fed Policy

The U.S. dollar retreated after an early uptick and despite staging a mild recovery, was still moving below the flat line around late afternoon on Tuesday, ahead of the Federal Reserve's monetary policy statement, due on Wednesday.

Data on U.S. consumer confidence and pending home sales too impacted dollar's movements.

The dollar index was last seen hovering around 97.70. down 0.06% from previous close.

Against the Euro, the dollar was down at 1.1113, compared to previous close of 1.1101.

Against pound sterling, the dollar was little changed at 1.2863, after having weakened to 1.2905 earlier.

The Japanese yen was up marginally at 108.86 a dollar, as against 108.96 yen late Monday.

The Aussie was up nearly 0.4% with the AUD-USD pair at 0.6864.

The dollar was down marginally against Swiss franc at 0.9940, and up 0.25% against the loonie at 1.3087.

A report from the Conference Board said consumer confidence in the U.S. unexpectedly edged lower in the month of October, although the drop came from an upwardly revised level in the previous month.

The Conference Board said its consumer confidence index dipped to 125.9 in October from an upwardly revised 126.3 in September.

Economists had expected the consumer confidence index to climb to 128.5 in October from the 125.1 originally reported for the previous month.

A report released by the National Association of Realtors showed another significant increase in pending home sales in the U.S. in the month of September.

NAR said its pending home sales surged up by 1.5% 108.7 in September after spiking by 1.4% to a revised 107.1 August.

Economists had expected pending home sales to climb by 0.9% compared to the 1.6% jump originally reported for the previous month.

With the bigger than expected monthly increase, pending home sales in September were up by 3.9% compared to the same month a year ago.

The Federal Reserve is widely expected to cut interest rates by 25 basis points on Wednesday.

CME Group's FedWatch Tool is currently pointing to a 97.3% chance that the Fed will lower rates by 25 basis points.

Meanwhile, in trade news, according to a report in Reuters, a phase one trade deal between the U.S. and China may not be signed by a summit in Chile next month.

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

source http://www.mt5.com/forex_news/quickview/2145447/

Treasuries Regain Ground Ahead Of Fed Announcement

After moving notably lower over the two previous sessions, treasuries regained some ground during trading on Tuesday.

Bond prices fluctuated early in the session but managed to remain in positive territory in afternoon trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 1.8 basis points to 1.835 percent.

With the pullback on the day, the ten-year yield gave back ground after ending yesterday's trading at its highest closing level in well over a month.

The rebound by treasuries came as traders looked ahead to the Federal Reserve's highly anticipated monetary policy announcement on Wednesday.

The Fed is widely expected to cut interest rates by another quarter point, although traders may wait to see if the central bank follows through and provides any clues about future rate cuts.

CME Group's FedWatch Tool is currently pointing to a 97.3 percent chance that the Fed will lower rates by 25 basis points.

In U.S. economic news, the Conference Board released a report showing consumer confidence unexpectedly edged lower in the month of October, although the drop came from an upwardly revised level in the previous month.

The Conference Board said its consumer confidence index dipped to 125.9 in October from an upwardly revised 126.3 in September.

Economists had expected the consumer confidence index to climb to 128.5 in October from the 125.1 originally reported for the previous month.

Meanwhile, a separate report released by the National Association of Realtors on Tuesday showed another significant increase in pending home sales in the U.S. in the month of September.

NAR said its pending home sales surged up by 1.5 percent 108.7 in September after spiking by 1.4 percent to a revised 107.1 August. Economists had expected pending home sales to climb by 0.9 percent.

A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.

The Fed announcement is likely to be in the spotlight on Wednesday, overshadowing reports on private sector employment and third quarter GDP.

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

source http://www.mt5.com/forex_news/quickview/2145446/

Australian Dollar Finds Support As 3Q CPI Data Match Expectations

The Australian Dollar had wilted into this important release, suggesting that some in the market were looking for more weakness. In the end inflation was as expected, still below target. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar May Rise if FOMC, US GDP Data Spooks Equity Markets

The US Dollar may rise at the expense of equity markets if US GDP data and gloomy FOMC commentary undermine confidence in global growth prospects. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar Price Volatility Report: Fed & Q3 GDP on Deck

The US Dollar will be in focus during Wednesday's trading session which is far from lacking in scheduled event risk with the latest FOMC rate decision, Q3 US GDP report and more on deck. Via DailyFX - Market News https://ift.tt/2NYYHlE

Canadian Dollar May Fall on USD/CAD Reversal Cues, Trade War Fears

The Canadian Dollar may weaken on US economic slowdown spillover fears following soft housing and consumer confidence data. The Japanese Yen may gain on US-China trade war woes. Via DailyFX - Market News https://ift.tt/2NYYHlE

*S. Africa Sep M3 Up 6.11% On Year Vs. 7.45% In August

S. Africa Sep M3 Up 6.11% On Year Vs. 7.45% In August

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

source http://www.mt5.com/forex_news/quickview/2145389/

Singapore Producer Prices Continue To Fall

Singapore producer prices continued to decline in September, data from the Department of Statistics showed on Tuesday.

The manufactured product prices fell 4.5 percent year-on-year, following the 4.1 percent decrease in August. Oil and non-oil prices plunged 16.5 percent and 2.3 percent, respectively.

On a monthly basis, producer prices remained unchanged in September after the 1.9 percent rise in August.

Another report showed that import prices dropped at a pace of 4.9 percent, extending the 3.9 percent decrease in August. On a monthly basis, import prices gained 0.2 percent, in contrast to the 0.7 percent fall a month ago.

At the same time, exports prices grew 0.5 percent on month but fell 3.2 percent annually in September.

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

source http://www.mt5.com/forex_news/quickview/2145388/

*Singapore Sep Producer Prices Flat On Month, Down 4.5% Annually

Singapore Sep Producer Prices Flat On Month, Down 4.5% Annually

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

source http://www.mt5.com/forex_news/quickview/2145387/

*Singapore Sep Import Prices Up 0.2% M-o-M, Fall 4.9% On Year

Singapore Sep Import Prices Up 0.2% M-o-M, Fall 4.9% On Year

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

source http://www.mt5.com/forex_news/quickview/2145386/

Canadian Dollar Outlook: USD/CAD Testing Support as Rate Decisions Loom

USD/CAD continues to move lower and is nearing multi-month support. Wednesday’s FOMC and BoC interest rate decisions - and rhetoric - may be the catalyst for the next leg lower. Via DailyFX - Market News https://ift.tt/2NYYHlE

European Economics Preview: UK Mortgage Approvals Data Due

Mortgage approvals data from the UK is due on Tuesday, headlining a light day for the European economic news.

At 3.00 am ET, the Nationwide Building Society releases UK house price data for October. House prices are forecast to rise 0.3 percent on year, following a 0.2 percent rise in September.

At 3.45 am ET, France's Insee releases monthly consumer confidence survey results. The sentiment index is expected to remain unchanged at 104 in October.

At 4.00 am ET, Spain's INE is set to issue retail sales figures for September.

In the meantime, unemployment data is due from Hungary. The jobless rate is seen at 3.4 percent in September, unchanged from August.

At 5.00 am ET, Austria's manufacturing Purchasing Managers' survey results and producer prices from Italy are due.

At 5.30 am ET, the Bank of England is scheduled to issue UK mortgage approvals data. Economists forecast the number of mortgage approvals to fall to 65,000 in September from 65,550 in August.

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

source http://www.mt5.com/forex_news/quickview/2145385/

South Korea Business Sentiment To Weaken In November

Confidence among South Korea's manufacturers and non-manufacturers are set to weaken in November, survey data from Bank of Korea showed on Tuesday.

The business survey index on business conditions in manufacturing rose one point to 72 in October, but the outlook for next month fell one point to 72.

Likewise, the BSI for non-manufacturers gained two points to 74 in October, while the outlook index fell two points to 72.

A reading below 100 indicates that pessimists outnumber optimists.

The economic sentiment index, a composite of the BSI and the consumer survey index came in at 90.6 in October, down 0.7 point from September.

The survey was based on responses of 3,272 companies, conducted between October 14 and 21.

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

source http://www.mt5.com/forex_news/quickview/2145384/

Brexit Briefing: GBP/USD Eyes Today's Vote for Early Election

GBP/USD calm as Boris Johnson looks to try force an early election again in today's vote. Via DailyFX - Market News https://ift.tt/2NYYHlE

GBP/USD May Wobble Between Brexit Woes, US Consumer Confidence

GBP/USD may oscillate between the perils of Brexit and US consumer confidence data, though volatility may be tempered by traders withholding capital until the FOMC rate decision. Via DailyFX - Market News https://ift.tt/2NYYHlE

Crude Oil Prices Slip Back as Market Looks Nervously to US Stockpiles

Commodity markets are generally in thrall to hopes for a US rate cut, and better news on the US-China trade front. Oil has more specific worries in mind, with inventories in focus. Via DailyFX - Market News https://ift.tt/2NYYHlE

Gold Price Forecast: Bull Flag on Radar Ahead of Fed Rate Decision

Failure to test the monthly-low ($1459) may bring the topside targets on the radar for gold as a bull-flag formation continues to take shape. Via DailyFX - Market News https://ift.tt/2NYYHlE

Tokyo Overall Inflation Steady At 0.4% On Year

Overall consumer prices in the Tokyo region of Japan were up 0.4 percent on year in October, the Ministry of Internal Affairs and Communications said on Tuesday.

That was unchanged from the September reading, although it was well shy of forecasts for an increase of 0.7 percent.

Core consumer prices, which exclude volatile food prices, rose an annual 0.5 percent. That also was unchanged and shy of expect6ations for an increase of 0.7 percent.

On a seasonally adjusted monthly basis, overall Tokyo inflation was flat and core CPI was up 0.2 percent.

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

source http://www.mt5.com/forex_news/quickview/2145383/

*Tokyo Overall Inflation +0.4% On Year In October; Core CPI +0.5%

Tokyo Overall Inflation +0.4% On Year In October; Core CPI +0.5%

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

source http://www.mt5.com/forex_news/quickview/2145382/

US Dollar May Rise on USD/INR Bullish Hint as India Credit Teeters

The US Dollar may rise against the Indian Rupee with the latter vulnerable to deteriorating local credit conditions. The USD/INR chart hints that a turn higher may be due ahead. Via DailyFX - Market News https://ift.tt/2NYYHlE

US-China Trade War Crushes FDI in Latest Sign of Real-World Hit

Growth-linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed.The global economy however remains depressed and seems likely to remain so. Via DailyFX - Market News https://ift.tt/2NYYHlE

Palladium Prices Jump to Record High But Signs of Trouble Brewing

Palladium prices jumped to a record high above the $1800/oz figure but technical cues warn of ebbing momentum even as fundamental headwinds gather. Via DailyFX - Market News https://ift.tt/2NYYHlE

Tokyo Inflation Data Due On Tuesday

Japan will on Tuesday release October numbers for Tokyo area inflation, highlighting a light day for Asia-Pacific economic activity.

Overall Tokyo inflation is expected to hold steady at 0.4 percent on year, while core CPI is tipped to add an annual 0.5 percent - also unchanged.

Singapore will see September figures for producer prices; in August, producer prices were up 0.5 percent on month and down 6.1 percent on year.

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

source http://www.mt5.com/forex_news/quickview/2145381/

NZD/USD Rate Rebound Unravels Following Failed Test of September High

The recent rebound in NZD/USD unravels ahead of the September-high (0.6451), with the exchange rate carving a fresh series of lower highs and lows. Via DailyFX - Market News https://ift.tt/2NYYHlE

Dollar Loses Ground Against Major Rivals Ahead Of Fed Policy

The U.S. dollar stayed weak for much of the session on Monday as positive news on the trade front took some shine off the safe haven currency.

Additionally, traders were also weighing the prospects for a 25-basis points rate cut by the Federal Reserve, which is scheduled to announce its monetary policy on Wednesday after a two-day meeting.

The dollar index declined to 97.67 in early trades, and despite recovering to 97.89 by mid morning, failed to find support and dropped to 97.71. The index had settled at 97.83 on Friday.

Against the euro, the dollar was down by about 0.2% at 1.1101, after weakening to 1.1108 earlier in the day.

Against pound sterling, the dollar weakened to 1.2858, giving up 0.26% from previous close of 1.2825.

Sterling's rise was due to the European Union's decision to grant a three-month extension to the U.K. for leaving the bloc. The EU's move has sort of removed the risk of a damaging no-deal split on Thursday.

The dollar was firm against the Japanese yen. In late afternoon trades, a unit of dollar fetched 108.95 yen, lower than the day's high of 109.04 yen, but significantly higher than previous close of 108.66.

Data from the Bank of Japan showed that Japan producer prices rose 0.5% on year in September - in line with expectations and unchanged from the August reading following a downward revision from 0.6%.

The dollar was little changed against the loonie and Swiss franc, at 1.3055 and 0.9947, respectively.

Against the Aussie, the dollar was lower by about 0.22%, with the AUD-USD pair at 0.6838.

The Office of the U.S. Trade Representative said in a statement that the countries have "made headway on specific issues and the two sides are close to finalizing some sections of the agreement."

On Saturday, China's Commerce Ministry said both sides are "close to finalizing" some parts of a trade agreement after high-level telephone discussions on Friday.

U.S. President Donald Trump said he hopes to sign the deal with China's President Xi Jinping next month at a summit in Chile.

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

source http://www.mt5.com/forex_news/quickview/2145380/

Treasuries Show Another Notable Move To The Downside

After coming under pressure over the course of the previous session, treasuries showed another notable move to the downside during trading on Monday.

Bond prices moved notably lower early in the day and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.2 basis points to 1.853 percent.

The ten-year yield closed higher for the third consecutive session, ending the day at its highest closing level in well over a month.

The continued weakness among treasuries came amid optimism about U.S.-China trade talks as well as news that the European Union has granted the U.K.'s request for a Brexit deadline extension.

The move by the EU, which delays Brexit until January 31st, was widely expected but still removes the risk of a damaging no-deal split on Thursday.

Strength among stocks on Wall Street also reduced the appeal of safe havens like bonds, with the S&P 500 reaching a new record high.

Stocks benefited from the geopolitical developments as well as news on the merger-and-acquisition front and largely upbeat earnings news.

Following a quiet day on the U.S. economic front, trading on Tuesday may be impacted by reaction to reports on consumer confidence and pending home sales.

However, trading activity may be somewhat subdued as traders look ahead to the Federal Reserve's monetary policy decision on Wednesday.

CME Group's FedWatch Tool is currently indicating a 95.1 percent chance that the Fed will cut interest rates by another 25 basis points.

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

source http://www.mt5.com/forex_news/quickview/2145379/

Oil Snaps 4-day Winning Streak, Ends Notably Lower

Crude oil prices retreated on Monday, snapping a four-day winning streak, as worries about energy demand outlook due to weak Chinese industrial data outweighed positive news on U.S.-China trade front.

Speculation that OPEC and its allies would consider deeper production cuts when they meet in December limited oil's slide.

Russia's energy ministry said on Friday it is continuing close cooperation with Saudi Arabia, OPEC and non-OPEC oil producers to enhance market stability and predictability.

West Texas Intermediate Crude oil futures for December ended down $0.85, or about 1.5%, at $55.81 a barrel.

On Friday, WTI crude oil futures for December ended up $0.43 at $56.66 a barrel.

Crude oil futures had gained about 5% last week.

Data released by the National Bureau of Statistics over the weekend showed China's industrial profits declined at a faster pace in September as producer prices continued to fall.

Industrial profits decreased 5.3% year-on-year, after easing 2% in August, the data showed.

During January to September, profits earned by industrial firms declined 2.1% compared to a 1.7% drop in January to August period.

Profits of state owned enterprises fell 9.6% on year and that of private enterprises increased 5.4%.

In trade news, the Office of the U.S. Trade Representative said the U.S. and China have "made headway on specific issues and the two sides are close to finalizing some sections of the agreement."

On Saturday, China's Commerce Ministry said both sides are "close to finalizing" some parts of a trade agreement after high-level telephone discussions on Friday.

U.S. President Donald Trump said he hopes to sign the deal with China's President Xi Jinping next month at a summit in Chile.

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

source http://www.mt5.com/forex_news/quickview/2145378/

US Dollar Outlook: USD/KRW Downtrend May Slow Ahead of FOMC

USD/KRW’s decline may soften if the US Dollar edges higher ahead of the FOMC rate decision against the backdrop of sour South Korean business survey data. Via DailyFX - Market News https://ift.tt/2NYYHlE

GBP not off the Hook as Parliament Rejects Election, AUD May Gain

The British Pound is still at risk to falling after the UK Parliament rejected a call for an early general election. Ahead, the Japanese Yen may weaken as the Australian Dollar gains. Via DailyFX - Market News https://ift.tt/2NYYHlE

*Euro Rise To 0.8650 Vs Pound, 1.1090 Vs U.S. Dollar

Euro Rise To 0.8650 Vs Pound, 1.1090 Vs U.S. Dollar

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

source http://www.mt5.com/forex_news/quickview/2145329/

Canadian Dollar Weakens Against Most Majors

The Canadian dollar depreciated against its most major counterparts in the Asian session on Monday.

The loonie slipped to a 4-day low of 1.3078 against the greenback, from a high of 1.3056 hit at 6:15 pm ET.

Against the euro, the loonie fell to 1.4499, from an early high of 1.4465.

The loonie fell to 83.13 against the yen, from a 6-month high of 83.27 seen at 6:15 pm ET.

The next possible support for the loonie is seen around 1.33 against the greenback, 80.5 against the yen and 1.46 against the euro.

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

source http://www.mt5.com/forex_news/quickview/2145328/

Finland Manufacturing Sentiment Lowest Since Mid 2016

Finland manufacturing sentiment weakened to the lowest level in more than two years in October, survey data from the Confederation of Finnish Industries showed on Monday.

The manufacturing sentiment index dropped to -8 from -5 in September. This was the lowest reading since August 2016.

The construction confidence index remained unchanged at +7 in October. But the score remained well above its long-term average of -6.

The services confidence indicator came in at +11, the same as in September. The long-term average was +14. Meanwhile, the retail trade confidence indicator declined 7 points to +5 in October.

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

source http://www.mt5.com/forex_news/quickview/2145327/

*Finland Oct Manufacturing Sentiment -8 Vs. -5 In Sep: EK

Finland Oct Manufacturing Sentiment -8 Vs. -5 In Sep: EK

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

source http://www.mt5.com/forex_news/quickview/2145326/

*NZ Dollar Weakens To 1.7471 Against Euro

NZ Dollar Weakens To 1.7471 Against Euro

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

source http://www.mt5.com/forex_news/quickview/2145325/

*Canadian Dollar Falls To 4-day Low Of 1.3078 Against U.S. Dollar

Canadian Dollar Falls To 4-day Low Of 1.3078 Against U.S. Dollar

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

source http://www.mt5.com/forex_news/quickview/2145323/

*Australian Dollar Slides To 1.6270 Against Euro

Australian Dollar Slides To 1.6270 Against Euro

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

source http://www.mt5.com/forex_news/quickview/2145324/

*Canadian Dollar Declines To 83.13 Vs Yen, 1.4499 Vs Euro

Canadian Dollar Declines To 83.13 Vs Yen, 1.4499 Vs Euro

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

source http://www.mt5.com/forex_news/quickview/2145322/

*Finland Oct Consumer Confidence -6.6 Vs. -4.2 In September

Finland Oct Consumer Confidence -6.6 Vs. -4.2 In September

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

source http://www.mt5.com/forex_news/quickview/2145321/

China Industrial Profits Decline In September

China's industrial profits declined at a faster pace in September as producer prices continued to fall, data from the National Bureau of Statistics showed over the weekend.

Industrial profits decreased 5.3 percent year-on-year, after easing 2 percent in August. During January to September, profits earned by industrial firms declined 2.1 percent compared to a 1.7 percent drop in January to August period.

Profits of state owned enterprises fell 9.6 percent on year and that of private enterprises increased 5.4 percent.

The bureau said the larger decline in profits reflects faster fall in industrial product prices and slower rise in sales.

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

source http://www.mt5.com/forex_news/quickview/2145320/

Fitch Affirms Australia's Sovereign Rating At 'AAA'

Fitch Ratings maintained Australia's sovereign ratings at 'AAA' with stable outlook, on Monday.

The agency said the rating is supported by its flexible policy framework that underpin positive economic growth amid substantial external, financial and commodity-price shocks, and credible commitment to fiscal consolidation.

Fitch forecast the federal surplus to trend slightly upward, reaching 0.3 percent by fiscal year ending June 2021 and the general government deficit to decline to 0.5 percent of GDP by fiscal year 2021.

Despite slowing this year, the agency expects GDP growth to improve to 2.3 percent in 2020 driven by housing market stability and consumption.

Further, the Reserve Bank of Australia is forecast to remain on hold through 2021 to support economic growth and employment.

However, Fitch noted that household debt of Australia, at 191.1 percent of disposable income in the second quarter of 2019, is among the highest of 'AAA' rated sovereigns and poses an economic and financial stability risk in the event of a shock.

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

source http://www.mt5.com/forex_news/quickview/2145319/

*Fitch Maintains Australia's Credit Rating At 'AAA'

Fitch Maintains Australia's Credit Rating At 'AAA'

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

source http://www.mt5.com/forex_news/quickview/2145318/

Gold Price Forecast - Chart Breakout Suggest Higher Prices Ahead

Gold broke out of its technical range on Friday and may well look to push further ahead. Traders should be wary of a slew of high importance US data releases out this week that may stifle the curre... Via DailyFX - Market News https://ift.tt/2NYYHlE

British Pound Braces for Brexit Turmoil. General Election Ahead?

The British Pound may suffer if UK lawmakers continue to flounder on a possible path forward for Brexit as the October 31 deadline looms. Will there be an election? Via DailyFX - Market News https://ift.tt/2NYYHlE

Gold Prices Steady Despite US-China Trade Hopes as Market Eyes Fed

Gold prices generally wilt when risk appetite is seen gravitating toward riskier assets but the prospect of lower US rates underpinned the metal. Via DailyFX - Market News https://ift.tt/2NYYHlE

USD/CAD Rate Depreciation Stalls Ahead of BoC and Fed Rate Decisions

The decline in USD/CAD appears to have stalled, but the Canadian Dollar may continue to outperform its US counterpart as the Fed is expected to deliver another rate cut. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japan Producer Prices Hold Steady At 0.5%

Producer prices in Japan were up 0.5 percent on year in September, the Bank of Japan said on Monday - in line with expectations and unchanged from the August reading following a downward revision from 0.6 percent.

On a monthly basis, producer prices were flat following the 0.1 percent decline in the previous month.

Excluding international transportation, producer prices were up an annual 0.6 percent after gaining 0.5 percent a month earlier.

Among the individual components, prices were up for transportation, communications and leasing and rental. Prices were down for advertising and architectural services.

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

source http://www.mt5.com/forex_news/quickview/2145317/

*Japan Producer Prices +0.5% On Year In September

Japan Producer Prices +0.5% On Year In September

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

source http://www.mt5.com/forex_news/quickview/2145316/

US Dollar May Gain vs SGD, MYR, PHP on Trade Wars, Fed, GDP Data

The US Dollar may rise versus the Singapore Dollar, Malaysian Ringgit and Philippine Peso. US-China trade war woes, Fed, GDP and APAC manufacturing data leave room for risk aversion. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japan Producer Price Data Due On Monday

Japan is scheduled to release September figures for producer prices on Monday, setting the pace for a light day in Asia-Pacific economic activity. Producer prices are called steady from the previous month, higher by 0.6 percent on year.

Also, the markets in Malaysia and Singapore are closed on Monday for Deepavali and New Zealand is also shuttered for Labor Day. All three will reopen on Tuesday.

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

source http://www.mt5.com/forex_news/quickview/2145315/

AUD/USD Forecast: RSI Offers Bearish Signal Ahead of Australia CPI

AUD/USD may continue to give back the advance from the 2019-low (0.6671) as the Relative Strength Index (RSI) offers a bearish signal. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar May Rise vs NOK and SEK on FOMC, Q3 Earnings, GDP Data

The US Dollar may rise against the Swedish Krona and Norwegian Krone if the FOMC rate decision, Q3 earnings, GDP data and Brexit boost the appeal of anti-risk assets. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japanese Yen May Fall as US Dollar Sets Up to Overturn Downtrend

The anti-risk Japanese Yen may see slight weakness early into the week as the US Dollar sets itself up to reverse the near-term downtrend. Will APAC stocks follow Wall Street higher? Via DailyFX - Market News https://ift.tt/2NYYHlE

Weekly US Dollar Forecast: October Fed Meeting, September US Jobs Report in Focus

Rates markets are discounting a 90% chance of a 25-bps rate cut this week at the October Fed meeting. Meanwhile, the September US jobs report looks like it will be weak. Via DailyFX - Market News https://ift.tt/2NYYHlE

Weekly US Dollar Forecast: October Fed Meeting, September US Jobs Report in Focus

Rates markets are discounting a 90% chance of a 25-bps rate cut this week at the October Fed meeting. Meanwhile, the September US jobs report looks like it will be weak.

Dollar, Pound, Dow – Prepare for Volatility with FOMC, GDP, More

Though there was some moderate lift in risk-leaning assets and even a few technical milestones marked this past week, the markets have not yet committed to a clear direction nor even shift in momen... Via DailyFX - Market News https://ift.tt/2NYYHlE

Dollar, Pound, Dow – Prepare for Volatility with FOMC, GDP, More

Though there was some moderate lift in risk-leaning assets and even a few technical milestones marked this past week, the markets have not yet committed to a clear direction nor even shift in momen...

Dow Jones and FTSE 100 Forecast for the Week Ahead

FTSE 100 posts the strongest weekly rise in 9-months as Pound drops on election risks, while Dow Jones looks to corporate earnings, NFP and Fed decision.

Dow Jones and FTSE 100 Forecast for the Week Ahead

FTSE 100 posts the strongest weekly rise in 9-months as Pound drops on election risks, while Dow Jones looks to corporate earnings, NFP and Fed decision. Via DailyFX - Market News https://ift.tt/2NYYHlE

Sterling (GBP) Weekly Outlook Under Pressure From Brexit and Parliament

Sterling is flagging going into the weekend and may struggle to recover as the shambles otherwise known as Brexit continues to weigh on the British Pound.

Sterling (GBP) Weekly Outlook Under Pressure From Brexit and Parliament

Sterling is flagging going into the weekend and may struggle to recover as the shambles otherwise known as Brexit continues to weigh on the British Pound. Via DailyFX - Market News https://ift.tt/2NYYHlE

Gold Price Outlook Hinges on Fed Rate Decision and Forward Guidance

The Federal Reserve interest rate decision is likely to influence the price of gold as the central bank is widely expected to deliver another rate cut in October. Via DailyFX - Market News https://ift.tt/2NYYHlE

Crude Oil Price Outlook Bearish on OPEC Output, Fed, US-China Trade

The crude oil price outlook is bearish as the Fed rate decision, US-China trade tensions and Brexit uncertainty risk overpowering upside pressure from the next OPEC production report.

Crude Oil Price Outlook Bearish on OPEC Output, Fed, US-China Trade

The crude oil price outlook is bearish as the Fed rate decision, US-China trade tensions and Brexit uncertainty risk overpowering upside pressure from the next OPEC production report. Via DailyFX - Market News https://ift.tt/2NYYHlE

U.S. Dollar Edges High Amid News Of Progress In Trade Talks

The U.S. dollar moved slightly higher during trading on Friday as traders reacted to upbeat news on the U.S.-China trade front.

The greenback is trading at 108.67 yen versus the 108.61 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.1080 compared to yesterday's $1.1104.

The uptick by the dollar came after a statement from the U.S. Trade Representative's office said the U.S. and China have made progress toward finalizing a phase one trade deal.

The statement was released by the USTR following a phone call between U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He.

"They made headway on specific issues and the two sides are close to finalizing some sections of the agreement," the USTR said. "Discussions will go on continuously at the deputy level, and the principals will have another call in the near future."

On the U.S. economic front, revised data released by the University of Michigan showed consumer sentiment improved by slightly less than initially estimated in the month of October.

The report said the consumer sentiment index for October was downwardly revised to 95.5 from the preliminary reading of 96.0. Economists had expected the index to be unrevised.

Despite the downward revision, the consumer sentiment index for October was still up from the final September reading of 93.2.

"Sentiment was insignificantly below the mid month level, with the small loss spread over most components of the Index," said Surveys of Consumers chief economist Richard Curtin.

He added, "The overall level of consumer confidence has remained quite favorable and largely unchanged during the past few years."

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

source http://www.mt5.com/forex_news/quickview/2145314/

Australian Dollar Market Will Be Fed Focused, But Watch Aussie CPI

A livelier week is in prospect for the Australian Dollar with one or two fascinating domestic data points in prospect before we get to the main event.

Australian Dollar Market Will Be Fed Focused, But Watch Aussie CPI

A livelier week is in prospect for the Australian Dollar with one or two fascinating domestic data points in prospect before we get to the main event. Via DailyFX - Market News https://ift.tt/2NYYHlE

Crude Oil Prices Extend Recent Upward Trend

Extending the upward trend seen over the past few sessions, the price of crude oil moved moderately higher during trading on Friday.

Crude oil for December delivery rose $0.43 to $56.66 a barrel, ending the session at its best closing level in a month.

The increase by the price of crude oil came after a statement from the U.S. Trade Representative's office said the U.S. and China have made progress toward finalizing a phase one trade deal.

The statement was released by the USTR following a phone call between U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He.

"They made headway on specific issues and the two sides are close to finalizing some sections of the agreement," the USTR said. "Discussions will go on continuously at the deputy level, and the principals will have another call in the near future."

On the U.S. economic front, revised data released by the University of Michigan showed consumer sentiment improved by slightly less than initially estimated in the month of October.

The report said the consumer sentiment index for October was downwardly revised to 95.5 from the preliminary reading of 96.0. Economists had expected the index to be unrevised.

Despite the downward revision, the consumer sentiment index for October was still up from the final September reading of 93.2.

"Sentiment was insignificantly below the mid month level, with the small loss spread over most components of the Index," said Surveys of Consumers chief economist Richard Curtin.

He added, "The overall level of consumer confidence has remained quite favorable and largely unchanged during the past few years."

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

source http://www.mt5.com/forex_news/quickview/2145313/

Gold Prices Pull Back Near Unchanged Line After Seeing Initial Strength

After seeing initial strength, gold prices pulled back near the unchanged line over the course of the trading session on Friday.

Gold for December delivery ended the day up just $0.60 at $1,505.30 an ounce after reaching an intraday high of $1,520.90 an ounce.

The precious metal's appeal as a safe haven waned after a statement from the U.S. Trade Representative's office said the U.S. and China have made progress toward finalizing a phase one trade deal.

The statement was released by the USTR following a phone call between U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He.

"They made headway on specific issues and the two sides are close to finalizing some sections of the agreement," the USTR said. "Discussions will go on continuously at the deputy level, and the principals will have another call in the near future."

On the U.S. economic front, revised data released by the University of Michigan showed consumer sentiment improved by slightly less than initially estimated in the month of October.

The report said the consumer sentiment index for October was downwardly revised to 95.5 from the preliminary reading of 96.0. Economists had expected the index to be unrevised.

Despite the downward revision, the consumer sentiment index for October was still up from the final September reading of 93.2.

"Sentiment was insignificantly below the mid month level, with the small loss spread over most components of the Index," said Surveys of Consumers chief economist Richard Curtin.

He added, "The overall level of consumer confidence has remained quite favorable and largely unchanged during the past few years."

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

source http://www.mt5.com/forex_news/quickview/2145312/

German Consumer Confidence Set To Fall In November

German consumer confidence is set to weaken to a three-year low in November, survey data from the market research group GfK showed Friday.

The forward-looking consumer sentiment index fell to 9.6 in November from revised 9.8 in October. The expected score was 9.8.

Besides global economic downturn, trade conflicts and Brexit chaos, job losses especially in the automobile industry and financial market weighed on sentiment. As a consequence, the consumer climate fell to its lowest level since November 2016, said Rolf B?rkl, GfK consumer expert. Nevertheless, private consumption will remain an important pillar for the German economy this year.

The economic expectation indicator fell 4.8 points to -13.8 points in October. The last time a lower value was registered was almost seven years ago in December 2012.

The income expectation index dropped 7.8 points to 39.0 points, the lowest in almost six years.

Despite a fall, propensity to buy maintained its excellent level in October. The index declined 3.4 points to 51.7.

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

source http://www.mt5.com/forex_news/quickview/2145265/

*Australian Dollar Climbs To 2-day High Of 1.0709 Against NZ Dollar

Australian Dollar Climbs To 2-day High Of 1.0709 Against NZ Dollar

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

source http://www.mt5.com/forex_news/quickview/2145264/

*Australian Dollar Advances To 1.6256 Against Euro

Australian Dollar Advances To 1.6256 Against Euro

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

source http://www.mt5.com/forex_news/quickview/2145263/

*Australian Dollar Rise To 0.6832 Vs U.S. Dollar, 74.24 Vs Yen

Australian Dollar Rise To 0.6832 Vs U.S. Dollar, 74.24 Vs Yen

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

source http://www.mt5.com/forex_news/quickview/2145262/

Euro Little Changed After German GfK Consumer Sentiment

Following the release of German Gfk consumer sentiment for November at 2:00 am ET Friday, the euro changed little against its major counterparts.

The euro was trading at 1.1107 against the greenback, 120.71 against the yen, 1.1023 against the franc and 0.8649 against the pound around 2:05 am ET.

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

source http://www.mt5.com/forex_news/quickview/2145261/

Singapore Industrial Output Rises Unexpectedly

Singapore's industrial production increased unexpectedly in September driven by higher biomedical output, data from the Economic Development Board showed Friday. Industrial production grew 0.1 percent on a yearly basis in September, confounding expectations for a decline of 5.1 percent. Production had decreased by revised 6.4 percent in August.

Excluding biomedical, industrial production declined 4.3 percent from the last year. Biomedical cluster logged a sharp growth of 21.9 percent.

Month-on-month, manufacturing output rebounded 3.7 percent following a 7.3 percent decline a month ago. Economists had forecast a 1.8 percent drop for September.

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

source http://www.mt5.com/forex_news/quickview/2145260/

*Germany Nov GfK Consumer Confidence 9.6 Vs. 9.8 In Oct, Consensus 9.8

Germany Nov GfK Consumer Confidence 9.6 Vs. 9.8 In Oct, Consensus 9.8

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

source http://www.mt5.com/forex_news/quickview/2145259/

*Singapore Sep Industrial Output Rises 3.7% On Month, Consensus -1.8%

Singapore Sep Industrial Output Rises 3.7% On Month, Consensus -1.8%

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

source http://www.mt5.com/forex_news/quickview/2145258/

*Singapore Sep Industrial Output Up 0.1% On Year, Consensus -5.1%

Singapore Sep Industrial Output Up 0.1% On Year, Consensus -5.1%

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

source http://www.mt5.com/forex_news/quickview/2145257/

Brexit Latest: Has Sterling (GBP) Priced-in Any General Election Risk Yet?

The Brexit saga takes another twist as UK PM Boris Johnson calls for a General Election while the opposition party shies away from going to the country for now. Sterling needs to look at these shor... Via DailyFX - Market News https://ift.tt/2NYYHlE

Singapore Home Prices Increase In Q3

Singapore's house prices increased, while rentals and prices of office space declined in the third quarter, data from the Urban Redevelopment Authority showed Friday.

House prices grew 1.3 percent sequentially in the third quarter, but slower than the 1.5 percent rise a quarter ago.

Prices of landed properties increased 1 percent and that of non-landed properties gained 1.3 percent.

Developers launched 3,628 residential units for sale in the third quarter compared with 2,502 units in the previous three months.

Data showed that prices of office space fell 3.9 percent and rentals of office space decreased 0.6 percent in the third quarter.

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

source http://www.mt5.com/forex_news/quickview/2145256/

European Economics Preview: Germany Ifo Business Confidence Data Due

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

At 2.00 am ET, Germany's market research group GfK is scheduled to release consumer sentiment data. The forward-looking confidence index is forecast to fall to 9.8 in November from 9.9 in October.

At 2.45 am ET, France Insee releases producer price figures.

At 3.00 am ET, the National Institute of Economic Research releases Sweden's economic tendency survey data.

At 3.30 am ET, Statistics Sweden is set to publish retail sales for September. Sales are expected to grow 0.5 percent on month after remaining flat in August.

At 4.00 am ET, Germany's Ifo publishes monthly business sentiment survey results. The confidence index is expected to drop marginally to 94.5 in October from 94.6 in September.

At 6.30 am ET, Russia's central bank is slated to announce its rate decision. Economists expect the bank to cut its key rate by 25 basis points to 6.75 percent.

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

source http://www.mt5.com/forex_news/quickview/2145255/

South Korea Consumer Confidence At 6-Month High

South Korea consumer confidence strengthened to a six-month high in October, survey results from the Bank of Korea showed Friday.

The consumer sentiment index came in at 98.6 in October versus 96.9 in September. This was the highest score since last April. However, a reading below 100 indicates that pessimists outnumber optimists.

The indicator for consumer sentiment regarding current living standards was unchanged, at 92, while that concerning the future outlook for living standards gained one point to 93.

Consumer sentiment related to future household income held steady at 97, while that concerning future spending rose two points to 108.

The index for current domestic economic conditions climbed four points to 72, and the future domestic economic conditions indicator moved up two points to 77.

The expected inflation rate for the coming year fell to a record low 1.7 percent. The survey was conducted among 2,500 households between October 10 and 17.

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

source http://www.mt5.com/forex_news/quickview/2145254/

How to Trade the Impact of Politics on Global Financial Markets

As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading oppo... Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar May Rise as Markets Stockpile Cash Despite Fed Rate Cuts

Recent US Dollar weakness may give way to the next leg in an almost two-year uptrend as markets stockpile cash despite the Fed’s interest rate cut cycle. Via DailyFX - Market News https://ift.tt/2NYYHlE

Crude Oil Prices Slip Back After Week's Gains, Demand Worries Drive

Crude oil prices got a fillip earlier this week from a stronger than expected US stock drawdown. But gloomy economic data elsewhere has begun to drag. Via DailyFX - Market News https://ift.tt/2NYYHlE

How Crude Oil Prices React to Weather-Induced Disruption Fears

With increasing volatility in weather patterns, how might storms, hurricanes and floods rattle the supply chain for petroleum-based products and impact crude oil prices? Via DailyFX - Market News https://ift.tt/2NYYHlE

Japan Machine Tool Order Data Due On Friday

Japan will on Friday see final September numbers for machine tool orders, highlighting a light day for Asia-Pacific economic activity. The previous reading suggested a decline of 35.5 percent on year.

Singapore will release September numbers for industrial production; in August, industrial production was down 7.5 percent on month and 8.0 percent on year.

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

source http://www.mt5.com/forex_news/quickview/2145253/

Indian Rupee Will Struggle Along With India's Troubled Banking Sector

As China’s growth slows, the currency of the other Asian titan ought to be burnished as investors look elsewhere. However, that’s not happening. Via DailyFX - Market News https://ift.tt/2NYYHlE

Dollar Exhibits Strength Against Major Rivals

The U.S. dollar recovered after a weak start on Thursday amid a slew of economic data from across the globe and the European Central Bank's decision to leave its key interest rates and stimulus measures unchanged.

The dollar index rose to 97.78 and despite paring some gains subsequently, was still firm at 97.69, up 0.2% from previous close.

The euro was down by about 0.25% at $1.1102, after the ECB left its policy rates and stimulus measures unchanged.

The ECB's main refinancing rate was retained at its record low 0% and the deposit rate at -0.5% after the latest Governing Council meeting. The latter was slashed by 10 basis points in September.

The marginal lending facility rate was kept unchanged at 0.25%. The bank also retained its forward guidance on both interest rates and asset purchases.

Meanwhile, the euro area private sector remained close to stagnation in October as manufacturing continued to shrink amid subdued expansion in services activity, survey data from IHS Markit showed.

Against pound sterling, the dollar strengthened to 1.2847, gaining more than 0.5%.

The Japanese Yen was up slightly against the dollar, with a unit of the U.S. currency fetching 108.65 yen, as compared to 108.69 yen on Wednesday.

The dollar was up marginally against the loonie at 1.3075, higher by 0.18% against Swiss franc at 0.9924, and up more than 0.5% against the Aussie at 0.6817.

In U.S. economic news, data from the Commerce Department showed durable goods orders tumbled by 1.1% in September after rising by a revised 0.3% in August. Economists had expected durable goods orders to decline by 0.8% compared to the 0.2% uptick that had been reported for the previous month.

A separate report from the Commerce Department showed new home sales pulled back by 0.7% to an annual rate of 701,000 in September after spiking by 6.2% to a revised rate of 706,000 in August.

Economists had expected sales to slump by 1.7% to a rate of 701,000 from the 713,000 originally reported for the previous month.

Meanwhile, the Labor Department released a report showing initial jobless claims dipped to 212,000 in the week ended October 19th, a decrease of 6,000 from the previous week's revised level of 218,000.

Economists had expected jobless claims to inch up to 215,000 from the 214,000 originally reported for the previous week.

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

source http://www.mt5.com/forex_news/quickview/2145252/

Gold Price Forecast: Bull Flag to Negate Head-and-Shoulders Top

The price of gold breaks out of a narrow range, with a bull-flag formation taking shape amid the failed attempt to test the monthly-low ($1459). Via DailyFX - Market News https://ift.tt/2NYYHlE

Yen Rose After Draghi, Pence, Amazon Earnings. NZD/USD May Reverse

The Japanese Yen may rise ahead as S&P 500 futures sink. The New Zealand Dollar could be topping after Mario Draghi, Mike Pence and disappointing Amazon earnings soured risk appetite. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar Price Volatility Report: Recession Risk Eyes Sentiment

US Dollar implied volatility measures fade into Friday's trading session, though recession risk will be front and center with consumer sentiment data on deck and US-China trade tensions back on the... Via DailyFX - Market News https://ift.tt/2NYYHlE

EUR/USD Price Outlook: ECB Meeting Now in Focus After Mixed PMIs

EUR/USD added 20 pips then gave them back after a mixed bag of PMIs with France outperforming, while Germany remains mired. Next up, President Mario Draghi's last ECB meeting and press conference. Via DailyFX - Market News https://ift.tt/2NYYHlE

*Japan Aug Lagging Index 104.7, Same As In July

Japan Aug Lagging Index 104.7, Same As In July

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

source http://www.mt5.com/forex_news/quickview/2145159/

*Japan Aug Leading Index 91.9 Vs. 93.7 In July

Japan Aug Leading Index 91.9 Vs. 93.7 In July

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

source http://www.mt5.com/forex_news/quickview/2145157/

*Japan Aug Coincident Index 99.0 Vs. 99.7 In July

Japan Aug Coincident Index 99.0 Vs. 99.7 In July

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

source http://www.mt5.com/forex_news/quickview/2145158/

*Finland Sep Producer Prices Up 0.5% On Month

Finland Sep Producer Prices Up 0.5% On Month

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

source http://www.mt5.com/forex_news/quickview/2145156/

*Finland Sep Producer Prices -0.6% On Year Vs. -1.0% In August

Finland Sep Producer Prices -0.6% On Year Vs. -1.0% In August

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

source http://www.mt5.com/forex_news/quickview/2145155/

European Economics Preview: ECB Set To Maintain Status Quo

The interest rate announcement from the European Central Bank is due on Thursday, headlining a busy day for the European economic news.

The ECB is unlikely to announce any monetary policy change after the Governing Council meeting at 7.45 am ET.

President Mario Draghi is set to begin his customary post-decision press conference at 8.30 am ET. This will be the final meeting of Draghi as ECB chief.

At the September meeting, the ECB had unveiled a stimulus package that included a fresh round of bond purchases and a 10 basis points cut to the deposit rate to -0.50 percent as well as the introduction of a tiering system for reserve remuneration.

At 3.15 am ET, France's flash composite Purchasing Managers' survey results are due. Economists forecast the composite indicator to rise to 51 in October from 50.8 in September.

At 3.30 am ET, Germany's flash PMI report is due. The composite index is forecast to climb to 48.8 in October from 48.5 in September.

In the meantime, Sweden's central bank is set to announce its policy rate decision. The bank is set to hold its key rate at -0.25 percent.

At 4.00 am ET, IHS Markit is scheduled to issue euro area composite PMI data. The composite index is expected to improve to 50.3 in October from 50.1 in September.

Norges Bank announces its policy rate decision at 4.00 am ET. Economists forecast the bank to hold its key rate at 1.50 percent.

At 7.00 am ET, Turkey's central bank announces its rate decision. Economists forecast the central bank to cut its interest rate sharply to 15.50 percent from 16.50 percent.

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

source http://www.mt5.com/forex_news/quickview/2145154/

Australia's Private Sector Logs Slower Growth

Australia's private sector logged a weaker growth in October, survey data from IHS Markit showed Thursday.

The Commonwealth Bank of Australia Flash Composite Output Index dropped to 50.7 in October from 52.0 in September. A score above 50 indicates expansion.

The score reflected a weaker rise in services activity, as manufacturing production stabilized following a decrease a month ago.

Output rose at a softer pace amid the slowest new order growth since April. Business confidence also weakened and firms raised their staffing levels only at a marginal pace.

Meanwhile, input costs continued to rise at a marked pace, leading firms to lift their selling prices to the greatest extent since last November.

The flash services Purchasing Mangers' Index came in at 50.8 versus 52.4 a month ago. Likewise, the factory PMI dropped to 50.1 in October from 50.3 in the previous month.

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

source http://www.mt5.com/forex_news/quickview/2145153/

South Korea Expands At Weaker Pace In Q3

South Korea's economy expanded at a slower pace in the third quarter as global uncertainties weighed on investment, preliminary data from the Bank of Korea showed Thursday.

Gross domestic product grew 0.4 percent sequentially after rising 1 percent in the second quarter. GDP was forecast to expand 0.5 percent.

On a yearly basis, Asia's fourth-largest economy maintained 2 percent growth, in line with expectations.

The International Monetary Fund projected the economy to expand 2 percent this year, weaker than its previous forecast of 2.6 percent.

The expenditure-side breakdown of GDP revealed that investment dragged the overall growth. Gross fixed capital formation declined 2.3 percent, reversing last quarter's 1.6 percent increase.

Construction investment shrank 5.2 percent, while facilities investment rose 0.5 percent led by transport equipment investment.

At the same time, growth in final consumption expenditure eased to 0.4 percent from 1.1 percent.

Meanwhile, driven by auto and semiconductors demand, exports grew at a faster pace of 4.1 percent, following a 2 percent rise. On the other hand, imports gained 0.9 percent, slower than the 2.9 percent increase a quarter ago.

Alex Holmes, an economist at Capital Economics, said looser fiscal and monetary policy should help the economy to regain some momentum in the quarters ahead.

However, with external headwinds set to remain, the rebound in growth is only likely to be gradual, the economist noted.

The economist forecasts growth of 2.5 percent in 2020, slightly higher than the consensus forecast of 2.2 percent, but in line with the central bank's estimate.

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

source http://www.mt5.com/forex_news/quickview/2145152/

Japan Private Sector Slips Into Contraction In October

Japan's private sector contracted in October as typhoon disrupted service sector activity, survey results from IHS Markit showed Thursday.

The Jibun Bank flash composite output index fell to 49.8 from 51.5 in September. A score below 50 indicates contraction in the sector.

The manufacturing Purchasing Managers' Index came in at 48.5 versus 48.9 in September. The index remained at sub-50 level for the sixth consecutive month.

Manufacturing activity logged its biggest fall since mid 2016 amid the sharpest decrease in new orders since December 2012 as firms reported that weak global trade conditions and softer growth at key export markets restricted demand.

The services PMI dropped to 50.3 from 52.8 a month ago. The marginal expansion in output was the softest in just over a year.

"Overall, it seems that temporary domestic factors have been the primary cause of reduced output at the start of the fourth quarter, suggesting there is potential for some pay-back in November, but it is the gulf in demand conditions between the two sectors which will play the pivotal role in determining how Japan's economy fares towards the year-end," Joe Hayes, an economist at IHS Markit said.

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

source http://www.mt5.com/forex_news/quickview/2145151/

Euro Outlook: EUR/GBP, EUR/USD Eye ECB Rate Decision, Eurozone PMI

EUR/USD may fall if ECB commentary and Eurozone PMI data cause capital to flee the Euro and into the open arms of the US Dollar. EUR/GBP price moves may be tempered or exaggerated by Brexit. Via DailyFX - Market News https://ift.tt/2NYYHlE

Gold Prices Hold Up As Markets Eye Fed, Oil Prices Pare Gains

All-too familiar concerns dogged the gold and oil markets in Asia, with the prospect of lower borrowing costs adding to reasons to hold the yellow metal. Via DailyFX - Market News https://ift.tt/2NYYHlE

AUD/USD Rate Outlook Mired by Failure to Test September High

AUD/USD struggles to extend the bullish price action from last week, with the failed attempt to test the September-high (0.6895) bringing the monthly range on the radar. Via DailyFX - Market News https://ift.tt/2NYYHlE

Palladium Vastly Outperformed Gold Prices in 2019. Is it Topping?

Palladium gains have been more than double that of gold in 2019 but global economic slowdown threatens to cool the rally. The chart setup is showing early warning signs. Via DailyFX - Market News https://ift.tt/2NYYHlE

Caterpillar's Asia Warning Shows US-China Trade War Now Bites Deep

Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japan Leading, Coincident Index Data Due On Thursday

Japan will on Thursday see final August numbers for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity. The previous reading suggested a score of 91.7 for the leading index and 99.3 for the coincident.

Japan also will see preliminary October figures for the manufacturing PMI from Nikkei and the services and composite indexes from Jibun.

In September, the manufacturing PMI had a score of 48.9, while the services index was at 51.5 and the composite came in at 52.8.

Hong Kong will release September data for imports, exports and trade balance. In August, imports were worth HKD380.78 billion and exports were at HKD352.73 billion for a trade deficit of HKD28.05 billion.

The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep its benchmark lending rate unchanged at 5.25 percent.

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

source http://www.mt5.com/forex_news/quickview/2145150/

Oil Price Breaks Out as US Crude Inventories Unexpectedly Contract

The price of oil breaks out of the range-bound price action from earlier this month amid an unexpected decline in US crude inventories. Via DailyFX - Market News https://ift.tt/2NYYHlE