Australia Private Sector Credit Adds 0.2% In December

Private sector credit in Australia was up 0.2 percent on month in December, the Reserve Bank of Australia said on Friday - in line with expectations and unchanged from November after an upward revision from 0.1 percent.

On a yearly basis, private sector credit advanced 2.4 percent - beating forecasts for 2.3 percent, which would have been unchanged.

Housing credit added 0.3 percent on month and 3.1 percent on year, while personal credit lost 0.5 percent on month and 5.1 percent on year and business credit rose 0.2 percent on month and 2.5 percent on year.

Broad money added 0.1 percent on month and 4.3 percent on year.

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

source http://www.mt5.com/forex_news/quickview/2150877/

Australia Producer Prices Rise 0.3% On Quarter In Q4

Final demand producer prices were up 0.3 percent on quarter in the fourth quarter of 2019, the Australian Bureau of Statistics said on Friday - slowing from 0.4 percent in the three months prior.

On a yearly basis, producer prices climbed 1.4 percent - also down, from 1.6 percent in the previous quarter.

Individually, there were rises in accommodation (+5.7 percent), petroleum refining and petroleum fuel manufacturing (+4.9 percent) and other agriculture (+4.1 percent).

These were offset by falls in sugar and confectionary manufacturing (-4.6 percent) and dairy product manufacturing (-1.4 percent).

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source http://www.mt5.com/forex_news/quickview/2150876/

Japan Industrial Output Climbs 1.3% On Month In December

Industrial output in Japan advanced a seasonally adjusted 1.3 percent on month in December, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.

That beat expectations for a gain of 0.7 percent following the 1.0 percent decline in November.

On a yearly basis, industrial production was down 3.0 percent - but that also beat expectations for a decline of 3.6 percent following the 8.2 percent slide in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it has weakened.

Shipments were flat on month and down 3.7 percent on year, while inventories added 1.6 percent on month and 2.1 percent on year.

According to the METI's forecast, industrial production is see higher by 3.5 percent on month in January and by 4.1 percent on month in February.

Also on Friday: . The unemployment rate in Japan came in at a seasonally adjusted 2.2 percent in December, the Ministry of Internal Affairs and Communications said. That was unchanged from the November reading, although it was shy of expectations for 2.3 percent.

The job-to-applicant ratio was 1.57 - unchanged and in line with expectations. The number of employed persons in December was 67.37 million, an increase of 810,000 from the previous year. The number of unemployed persons in December was 1.45 million, a decrease of 140,000 from the previous year.

. Overall consumer prices in the Tokyo region of Japan were up 0.6 percent on year in January, the Ministry of Internal Affairs and Communications said. That was shy of expectations for 0.7 percent and down from 0.9 percent in December.

Core CPI, which excludes fresh food prices, rose an annual 0.7 percent - again short of estimates for 0.8 percent, which would have been unchanged.

On a monthly basis, overall Tokyo inflation was down 0.1 percent and core CPI added 0.1 percent.

. Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in December, the Ministry of Economy, Trade and Industry said. That was shy of expectations for a gain of 1.2 percent following the 4.5 percent jump in November.

On a yearly basis, sales were down 2.6 percent - also missing forecasts for a drop of 1.8 percent following the 2.1 percent drop in the previous month.

Large retailer sales sank 3.0 percent on year, shy of expectations for a drop of 2.5 percent after losing 1.8 percent a month earlier.

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source http://www.mt5.com/forex_news/quickview/2150875/

Japan Industrial Production Jumps 1.3% On Month In December

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

That beat expectations for a gain of 0.7 percent following the 1.0 percent decline in November.

On a yearly basis, industrial production was down 3.0 percent - but that also beat expectations for a decline of 3.6 percent following the 8.2 percent slide in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it has weakened.

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source http://www.mt5.com/forex_news/quickview/2150874/

*Australia Producer Prices +0.3% On Quarter, +1.4% On Year In Q4

Australia Producer Prices +0.3% On Quarter, +1.4% On Year In Q4

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

source http://www.mt5.com/forex_news/quickview/2150872/

*Australia Private Sector Credit +0.2% On Month, +2.4% On Year In December

Australia Private Sector Credit +0.2% On Month, +2.4% On Year In December

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

source http://www.mt5.com/forex_news/quickview/2150873/

Japan Retail Sales Gain 0.2% On Month In December

Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in December, the Ministry of Economy, Trade and Industry said on Friday.

That was shy of expectations for a gain of 1.2 percent following the 4.5 percent jump in November.

On a yearly basis, sales were down 2.6 percent - also missing forecasts for a drop of 1.8 percent following the 2.1 percent drop in the previous month.

Large retailer sales sank 3.0 percent on year, shy of expectations for a drop of 2.5 percent after losing 1.8 percent a month earlier.

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source http://www.mt5.com/forex_news/quickview/2150871/

*Japan Retail Sales -2.6% On Year In December

Japan Retail Sales -2.6% On Year In December

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source http://www.mt5.com/forex_news/quickview/2150870/

*Japan Industrial Production +1.3% On Month, -3.0% On Year In December

Japan Industrial Production +1.3% On Month, -3.0% On Year In December

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source http://www.mt5.com/forex_news/quickview/2150869/

Tokyo Inflation Slips To +0.6% On Year In January

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

That was shy of expectations for 0.7 percent and down from 0.9 percent in December.

Core CPI, which excludes fresh food prices, rose an annual 0.7 percent - again short of estimates for 0.8 percent, which would have been unchanged.

On a monthly basis, overall Tokyo inflation was down 0.1 percent and core CPI added 0.1 percent.

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source http://www.mt5.com/forex_news/quickview/2150868/

Japan Jobless Rate Unchanged At 2.2% In December

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

That was unchanged from the November reading, although it was shy of expectations for 2.3 percent.

The job-to-applicant ratio was 1.57 - unchanged and in line with expectations.

The number of employed persons in December was 67.37 million, an increase of 810,000 from the previous year. The number of unemployed persons in December was 1.45 million, a decrease of 140,000 from the previous year.

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

source http://www.mt5.com/forex_news/quickview/2150867/

South Korea Industrial Output Rises 3.5% In December

Industrial production in South Korea gained a seasonally adjusted 3.5 percent on month in December, Statistics Korea said on Friday - following the 0.5 percent decline in November.

On a yearly basis, industrial production climbed 4.2 percent after sliding 0.2 percent in the previous month.

The industry of all industry production was up 1.4 percent on month and 3.2 percent on year.

The Manufacturing Production Index in December added 3.8 percent on month and 4.8 percent from the same period of the previous year. The Manufacturing Shipment Index gained 4.5 percent on previous month and 4.4 percent on year. The Manufacturing Inventory Index fell 2.7 percent on month and 1.8 percent on year.

The Production Capacity Index eased 0.1 percent on month and 0.9 percent on year, while the Index of Capacity Utilization Rate rose 3.4 percent on month and 2.8 percent on year.

The Manufacturing Average Capacity Utilization Rate was 74.3 percent, up 2.4 percentage points on month. The Index of Services fell 0.1 percent on month but gained 2.8 percent on year.

The Retail Sales Index gained 0.3 percent on month and 4.6 percent on year. The Equipment Investment Index jumped 10.9 percent on month and 11.1 percent on year.

The Domestic Machinery Shipment Index in December climbed 11.2 percent on year, while the value of Domestic Machinery Orders Received surged 40.9 percent on year.

The value of Construction Completed at constant prices gained 4.1 percent on month but lost 2.1 percent on year. The value of Construction Orders Received at current prices spiked 13.2 percent on year.

The Composite Coincident Index rose 0.4 percent on month. While the Cyclical Component of Composite Coincident Index, which reflects current economic situations, added 0.2 points on month.

The Composite Leading Index in December increased by 0.7 percent from the previous month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, increased by 0.4 points from the previous month.

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source http://www.mt5.com/forex_news/quickview/2150866/

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

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

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source http://www.mt5.com/forex_news/quickview/2150865/

*Japan Unemployment Rate 2.2% In December

Japan Unemployment Rate 2.2% In December

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source http://www.mt5.com/forex_news/quickview/2150864/

South Korea Industrial Production Gains 3.5% In December

Industrial output in South Korea was up a seasonally adjusted 3.5 percent on month in December, Statistics Korea said on Friday - following the 0.5 percent decline in November.

On a yearly basis, industrial production climbed 4.2 percent after sliding 0.2 percent in the previous month.

The industry of all industry production was up 1.4 percent on month and 3.2 percent on year.

The Manufacturing Production Index in December increased by 3.8 percent from the previous month and 4.8 percent from the same period of the previous year.

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

source http://www.mt5.com/forex_news/quickview/2150863/

Commodity Dollars, Stocks, Energy Will See Worst Coronavirus Hit

The spread of coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable. Via DailyFX - Market News https://ift.tt/2NYYHlE

*South Korea Industrial Production +3.5% On Month, +4.2% On Year In December

South Korea Industrial Production +3.5% On Month, +4.2% On Year In December

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

source http://www.mt5.com/forex_news/quickview/2150862/

Japan Data On Tap For Friday

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

The unemployment rate is expected to rise to 2.3 percent from 2.2 percent in November, with the job-to-applicant ratio holding steady at 1.57. Industrial production is ripped to add 0.7 percent on month and fall 3.6 percent on year after sliding 1.0 percent on month and 8.2 percent on year in the previous month.

Retail sales are forecast to have added 1.2 percent on month and fallen 1.7 percent on year after adding 4.5 percent on month and losing 2.1 percent on year in November. Large retailer sales are called lower by an annual 2.5 percent after slipping 1.8 percent a month earlier.

Housing starts are tipped to tumble 11.8 percent on year following the 12.7 percent plunge a month earlier. Construction orders were down 1.2 percent on year in November.

Overall Tokyo inflation is expected to add 0.7 percent on year, slowing from 0.9 percent in December. Core CPI is called steady at 0.8 percent on year.

China will see January results for its manufacturing, non-manufacturing and composite PMIs. The manufacturing PMI is expected to see a score of 50, down from 50.2 in December. The non-manufacturing PMI is pegged at 53.0, down from 53.5 a month earlier. The composite is expected to come in at 53.1, down from 54.3 a month earlier.

Australia will provide December figures for private sector credit and Q4 numbers for producer prices. Private sector credit was up 0.1 percent on month and 2.3 percent on year in November, while producer prices gained 0.4 percent on quarter and 1.6 percent on year in Q3.

Thailand will release December data for imports, exports and trade balance; in November, imports were worth $17.61 billion and exports were at $19.57 billion for a trade surplus of $1.96 billion.

South Korea will see December numbers for industrial production and retail sales. In November, industrial production was down 0.5 percent on month and 0.3 percent on year, while retail sales advanced 3.0 percent on month and 3.7 percent on year.

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source http://www.mt5.com/forex_news/quickview/2150861/

Dollar Sheds Ground Against Major Rivals

The U.S. dollar lost ground against most of its rivals on Thursday, as traders reacted to the Bank of England's monetary policy statement and data showing an improvement in Euro zone manufacturing confidence.

The dollar index edged lower and dropped to a low of 97.79 a little past noon, and despite recovering some lost ground, was still down well below the flat line at 97.86, down 0.14% from previous close.

Against the Euro, the dollar weakened to $1.1035, losing about 0.21%. Eurozone economic confidence reached a seven-month high in January and the unemployment rate hit the lowest in more than a decade in December, data showed Thursday.

The economic sentiment index rose more-than-expected to 102.8 in January from 101.3 in December, survey results from the European Commission revealed. This was the highest reading since June 2019 and above the forecast of 102.0.

The dollar was down more than 0.5% against Pound Sterling, with a unit of sterling fetching $1.3094, compared to $1.3021 on Wednesday. The Bank of England today kept its interest rate and quantitative easing unchanged, as widely expected, as the economy showed early signs of picking up.

The interest rate now stands at 0.75% and the quantitative easing at GBP at 435 billion.

The BoE expects inflation to remain below the 2% target throughout this year. It is then expected to rise towards the target over 2021 and reach 2% in the first quarter of 2022.

Against Japanese Yen, the dollar was down slightly at 108.96 yen.

The dollar was down against Swiss franc and the loonie, at 0.9699 and 1.3194, respectively. A leading indicator of the turning points in Switzerland's economy climbed for a second straight month in January to reach just above 100, survey data from the KOF Swiss Economic Institute showed on Thursday. Economists had forecast a reading of 96 for January.

However, against the Aussie, the dollar gained nearly 0.5%. The AUD-USD pair was last seen at 0.6722.

A report released by the Labor Department showed fist-time claims for U.S. unemployment benefits decreased from to 216,000, from an upwardly revised 223,000 in the previous week. Economists had expected jobless claims to inch up to 215,000 from the 211,000 originally reported for the previous week.

A report from the Commerce Department said U.S. economic growth in the fourth quarter continued at the same pace as in the previous quarter, climbing 2.1%. That was in line with economist estimates.

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source http://www.mt5.com/forex_news/quickview/2150860/

Australian Dollar Unphased by China PMI as AUD Eyes Coronavirus

The Australian Dollar shrugged at the release of Chinese PMI data as the cycle-sensitive currency focuses on the coronavirus and the impact it has on Asia – the primary destination of Australia’s c... Via DailyFX - Market News https://ift.tt/2NYYHlE

GBP/USD Soars on BoE, Yen at Risk After WHO Coronavirus Conference

The British Pound and GBP/USD soared after the Bank of England left rates unchanged. S&P 500 futures hint the Yen may fall after the WHO coronavirus conference calmed markets. Via DailyFX - Market News https://ift.tt/2NYYHlE

Treasuries Extend Upward Trend Amid Worries About Coronavirus Outbreak

Treasuries moved notably higher during trading on Thursday, extending the upward trend seen over the past several sessions.

Bond prices pulled back off their best levels going into the close but remained firmly positive. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.6 basis points to 1.558 percent.

The ten-year yield closed lower for the sixth time in the past eight sessions, dropping to its lowest closing level in well over three months.

Treasuries continued to benefit from their appeal as a safe haven amid renewed concerns about the impact of the coronavirus outbreak.

According to Chinese health officials, the coronavirus outbreak has killed at least 170 people and infected more than 8,100.

The cases of the mysterious new coronavirus worldwide now outnumber the infections saw during the entire SARS outbreak of 2002 and 2003.

Some companies have already started to warn about the impact of the outbreak on their first quarter corporate results.

Traders largely shrugged off a report from the Commerce Department showing U.S. economic growth in the fourth quarter continued at the same pace as in the previous quarter.

The Commerce Department said real gross domestic product climbed by 2.1 percent in the fourth quarter, unchanged from the third quarter and in line with economist estimates.

The pace of GDP growth was unchanged as a downturn in imports, an acceleration in government spending, and a smaller decrease in non-residential investment were offset by a larger decrease in private inventory investment and a slowdown in consumer spending.

A separate report released by the Labor Department showed first-time claims for U.S. unemployment benefits decreased from an upwardly revised level in the week ended January 25th.

The report said initial jobless claims fell to 216,000, a decrease of 7,000 from the previous week's revised level of 223,000.

Economists had expected jobless claims to inch up to 215,000 from the 211,000 originally reported for the previous week.

News on the coronavirus front is likely to remain in focus on Friday, although traders are also likely to keep an eye on reports on personal income and spending, consumer sentiment, and Chicago-area business activity.

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

source http://www.mt5.com/forex_news/quickview/2150859/

Oil Futures Settle Near 6-month Low As Coronavirus Worries Rise

Crude oil prices declined sharply on Thursday amid concerns over the outlook for energy demand after worries about the potential impact of the coronavirus outbreak on the global economy intensified.

The World Health Organization has declared the coronavirus a global health emergency. Earlier in the day, the U.S. confirmed its first human-to human transmission of the virus that has killed 171 people in China and has spread to as many as 18 other countries.

The virus has reportedly infected more than 8100 people so far, more than the 2003 SARS epidemic.

WHO Director-General Tedros Adhanom Ghebryesus said in a press conference that the organization witnessed the emergence of a previously unknown pathogen that has resulted in an unprecedented outbreak and that it is time to act together to limit the spread.

West Texas Intermediate Crude oil futures for March ended down $1.19, or about 2.2%, at $52.14 a barrel, the lowest settlement since August 7.

Data released by the Energy Information Administration (EIA) on Wednesday that showed crude Oil inventories rose by 3.5 million barrels in the week ended Jan. 24, compared to expectations for a build of 482,000 barrels, contributed as well to the sharp decline in oil prices.

The EIA report also said gasoline inventories were up by 1.2 million barrels last week, slightly less than an expected increase. Distillates stocks were down 1.3 million barrels last week, more than an expected drop of about 1.1 million barrels.

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source http://www.mt5.com/forex_news/quickview/2150858/

British Pound May Fall on BoE Rate Decision, Brexit Concerns

The British Pound may suffer if the BoE radiates unexpectedly dovish overtones and pressures GBP/USD against the backdrop of US GDP data and robust Amazon Q4 earnings. Via DailyFX - Market News https://ift.tt/2NYYHlE

Stock Markets May Struggle Even If Coronavirus Fears Subside

Global stock markets may continue to struggle even if worries about the ongoing Wuhan coronavirus subside. The unrivaled liquidity of the US Dollar may see it capitalize. Via DailyFX - Market News https://ift.tt/2NYYHlE

European Economics Preview: Bank Of England Rate Announcement Due

The Bank of England is set to announce its interest rate decision on Thursday, headlining a hectic day for the European economic news.

The BoE is widely expected to maintain its benchmark interest rate at 0.75 percent and the quantitative easing at GBP 435 billion at the final meeting of Mark Carney as BoE Governor.

The bank announces the outcome and release the minutes of the meeting and quarterly Monetary Policy Report at 7.00 am ET. At 7.30 am, Carney speaks at the press conference.

Other major economic reports due on Thursday are unemployment and flash inflation from Germany, and economic confidence and unemployment from euro area.

At 2.00 am ET, Germany's labor force survey data is due from Destatis.

At 3.00 am ET, Swiss KOF leading indicator is due. The index is expected to rise to 97.0 in January from 96.4 in December.

At 3.55 am ET, the Federal Employment Agency publishes Germany's unemployment data. The number of people out of work is forecast to rise 5,000 in January after increasing 8,000 in December.

At 5.00 am ET, EU releases euro area economic and business confidence survey results. Economists forecast the economic sentiment index to rise to 102 in January from 101.5 in December.

In the meantime, Eurostat is scheduled to issue December unemployment data. The jobless rate is seen unchanged at 7.5 percent.

At 8.00 am ET, Germany's flash inflation data for January is due. Inflation is expected to rise to 1.7 percent from 1.5 percent in December.

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

source http://www.mt5.com/forex_news/quickview/2150750/

South Korea Business Confidence Improves In January

South Korea's confidence among manufacturers rose in January, while sentiment among non-manufacturers decreased at the beginning of the year, survey data from Bank of Korea showed on Thursday.

In the manufacturing sector, the business survey index on business conditions increased to 76 in January from 74 in December. The outlook index rose 2 points to 73.

In the non-manufacturing sector, the business survey index on business conditions decreased to 73 in January from 78 in the previous month and the outlook fell one point to 74.

The economic sentiment index advanced to 95.7 in January from 92.9 in the prior month.

The survey was conducted among 3,182 companies between January 13 and 20.

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

source http://www.mt5.com/forex_news/quickview/2150749/

Malaysia Producer Prices Rise For Second Month

Malaysia's producer prices increased for the second straight month in December, figures from the Department of Statistics showed on Thursday.

The producer price index rose 3.5 percent year-on-year in December, following a 1.2 percent increase in November.

Among sectors, prices of agriculture, forestry and fishing surged 21.9 percent in December and that of mining advanced 19.3 percent. Prices of electricity and gas supply, and manufacturing increased 1.2 percent and 0.5 percent, respectively.

Meanwhile, water supply prices decreased 2.9 percent.

On a month-on-month basis, producer prices rose 0.8 percent in December, after a 1.3 percent gain in the preceding month.

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

source http://www.mt5.com/forex_news/quickview/2150748/

UK Car Production Declines For Third Year: SMMT

UK car production decreased for the third consecutive year in 2019 to the lowest in nine years on weak sentiment at home and slower demand from overseas markets, the Society of Motor Manufacturers and Traders, or SMMT, reported Thursday.

Car production decreased 14.2 percent to 1.3 million units in 2019, the lowest since 2010. Production was down 6.4 percent in December.

The fall of UK car manufacturing to its lowest level in almost a decade is of grave concern, Mike Hawes, SMMT chief executive, said.

In 2019, production for domestic market fell 12.3 percent and that for overseas market declined 14.7 percent, with 81 percent of cars built for export - the vast majority to the EU.

Although shipments to the EU27 decreased 11.1 percent, the bloc remains the sector's most important market with its share of exports rising by two percentage points to 54.8 percent.

The SMMT cited weakened consumer and business confidence at home, slower demand in key overseas markets, a number of significant model production changes and a shift from diesel across Europe as factors affecting car production.

Factory shutdowns in the spring and autumn, timed to mitigate expected disruption arising from the anticipated departure of the UK from the EU on March 29 and October 31, also had a marked effect.

Nonetheless, 2019 was a good year for alternatively fuelled and small volume car output, with production up 34.7 percent and 16.2 percent, respectively.

The latest independent production outlook downgraded expectations for 2020 to 1.27 million units, down from the 1.32 million forecast made in November.

Investment in 2019 was around 60 lower than the average for previous seven years. The SMMT said more must be done to encourage overseas investors to invest in the UK.

The lobby called for an ambitious UK-EU free trade deal that drives competitiveness, growth and prosperity.

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source http://www.mt5.com/forex_news/quickview/2150747/

*Malaysia Dec Producer Prices +0.8% On Month Vs. +1.3% In November

Malaysia Dec Producer Prices +0.8% On Month Vs. +1.3% In November

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

source http://www.mt5.com/forex_news/quickview/2150746/

*Malaysia Dec Producer Prices +3.5% On Year Vs. +1.2% In November

Malaysia Dec Producer Prices +3.5% On Year Vs. +1.2% In November

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

source http://www.mt5.com/forex_news/quickview/2150745/

Gold Prices Rise Again as Market Eyes Next WHO Coronavirus Meet

Gold prices were higher again, while crude oil prices headed lower as fears about the spread of coronavirus continue to dominate global markets. Via DailyFX - Market News https://ift.tt/2NYYHlE

Australia Q4 Export Prices Slide 5.2% On Quarter

Export prices in Australia were down 5.2 percent on quarter but rose 4.1 percent on year in the fourth quarter of 2019, the Australian Bureau of Statistics said on Thursday.

Main contributors to the fall included Metalliferous ores and metal scrap (-9.1 percent); coal, coke and briquettes (-14.7 percent); and gas, natural and manufactured (-2.3 percent). Those offset rises in meat and meat preparations (+6.9 percent).

Import prices were up 0.7 percent on quarter and 1.4 percent on year in Q4.

Main positive contributors included petroleum, petroleum products and related materials (+3.8 percent); machinery specialized for particular industries (+1.6 percent); and road vehicles (including air-cushion vehicles) (+0.4 percent).

Those offset falls in fertilizers (excluding crude) (-6.5 percent); and plastics in non-primary forms (-5.5 percent).

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

source http://www.mt5.com/forex_news/quickview/2150744/

*Australia Export Prices -5.2% On Quarter, +4.1% On Year In Q4

Australia Export Prices -5.2% On Quarter, +4.1% On Year In Q4

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

source http://www.mt5.com/forex_news/quickview/2150743/

*Australia Import Prices +0.7% On Quarter, +1.4% On Year In Q4

Australia Import Prices +0.7% On Quarter, +1.4% On Year In Q4

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

source http://www.mt5.com/forex_news/quickview/2150742/

Australian Dollar Outlook: AUD/USD, AUD/JPY at Risk to Long Bets

The Australian Dollar is at risk to declines against the US Dollar and Japanese Yen, with trader positioning supporting the downside scenario for AUD/USD and AUD/JPY after the Fed. Via DailyFX - Market News https://ift.tt/2NYYHlE

Commodity Dollars, Stocks, Energy Will See Worst Coronavirus Hit

The spread of coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable. Via DailyFX - Market News https://ift.tt/2NYYHlE

New Zealand December Trade Surplus NZ$547 Million

New Zealand had a merchandise trade surplus of NZ$547 million in December, Statistics New Zealand said on Thursday.

That exceeded expectations for a surplus of NZ$100 million following the NZ$753 million deficit in November.

Exports were up 4.8 percent on month to NZ$5.54 billion, shy of expectations for NZ$5.70 billion but up from NZ$5.23 billion in the previous month.

Imports sank 5.4 percent to NZ$5.00 billion versus expectations for NZ$5.40 billion and down from NZ$5.98 billion a month earlier.

For all of 2019, New Zealand had a trade deficit of NZ$4.31 billion.

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

source http://www.mt5.com/forex_news/quickview/2150741/

*New Zealand Exports +4.8% On Month, Imports -5.4% On Month In December

New Zealand Exports +4.8% On Month, Imports -5.4% On Month In December

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

source http://www.mt5.com/forex_news/quickview/2150740/

*New Zealand Has NZ$547 Million Trade Surplus In December

New Zealand Has NZ$547 Million Trade Surplus In December

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

source http://www.mt5.com/forex_news/quickview/2150739/

Dollar Stays Firm, Gains Against Rivals

The U.S. dollar remained steady and stayed stronger against most major currencies on Wednesday, reacting to the latest batch of economic data and the Federal Reserve's monetary policy announcement.

Amid lingering worries about the potential impact of the coronavirus on the global economy, the dollar retained its safe-haven appeal.

After exhibiting strength early on in the session, the dollar stayed sideways for quite sometime before slipping into negative territory after the central bank's policy statement. It subsequently rebounded to move marginally higher.

The dollar index, which rose to 98.19 earlier in the day and slipped to 97.94 later on, was last seen at 98.10, up 0.8% from previous close.

Against the Euro, the dollar strengthened to $1.1006, gaining about 0.15%.

Against Pound Sterling, the dollar advanced to $1.3015. and against the Japanese yen, it was down marginally at 109.08 yen.

The Aussie was lower against the dollar at 0.6751. The dollar gained against Swiss franc and Loonie as well, strengthening to 0.9740 and 1.3203, respectively.

As expected, the Federal Reserve today left interest rates unchanged following the conclusion of its two-day monetary policy meeting.

The Fed decided to maintain the target range for the federal funds rate at 1.5 to 1.75%, keeping rates unchanged for the second straight meeting after three straight quarter-point rate cuts.

The accompanying statement was largely unchanged from last month, with the Fed noting that recent data indicates the labor market remains strong and that economic activity has been rising at a moderate rate.

The central bank did describe household spending as rising at a "moderate pace" compared to last month's description of spending as rising at a "strong pace."

The Fed also reiterated that business fixed investment and exports remain weak and that the annual rate of inflation continues to run below its 2% target.

The central bank said it views the current stance of monetary policy as appropriate to supporting sustained expansion of economic activity, strong labor market conditions, and inflation returning to 2%. It added that it will continue to monitor the implications of incoming information for the economic outlook, including global developments and muted inflation pressures, as it assesses the appropriate path for rates.

According to a report released by the National Association of Realtors on Wednesday, pending home sales in the U.S. unexpectedly showed a sharp pullback in the month of December. NAR said its pending home sales index plunged by 4.9% in December after jumping by 1.2% in November. Economists had expected pending home sales to rise by 0.5%.

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

source http://www.mt5.com/forex_news/quickview/2150738/

New Zealand Trade Data On Tap For Thursday

New Zealand will on Thursday release December numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to be worth NZ$5.4 billion, down from NZ$5.98 billion in November. Exports are pegged at NZ$5.7 billion, up from NZ$5.23 billion a month earlier. The trade balance is tipped to show a surplus of NZ$100 million following the NZ$753 million deficit in the previous month.

Australia will provide Q4 numbers for import and export prices. Import prices are expected to rise 0.4 percent on quarter, unchanged from Q3. Export prices are tipped to fall 5.2 percent after rising 1.3 percent in the three months prior.

Malaysia will see December figures for producer prices; in November, prices were up 1.3 percent on month and 1.2 percent on year.

Hong Kong will release December numbers for imports, exports and trade balance. In November, imports were worth HKD385.44 billion and exports were at HKD359.27 billion for a trade deficit of HKD26.17 billion.

Finally, the markets in China remain closed for the Lunar New Year holiday.

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

source http://www.mt5.com/forex_news/quickview/2150737/

Oil Price to Stage Rebound on Textbook RSI Buy Signal

The price of oil holds above the October low ($50.99), with the RSI poised to flash a textbook buy signal when the oscillator bounces back from oversold territory. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japanese Yen Rally May Extend After Fed Inspired Risk Aversion

The Japanese Yen gained as the Fed sparked declines in the S&P 500 and US Dollar as gold prices rallied. Ahead, Asia Pacific equities may follow Wall Street lower as the AUD declines. Via DailyFX - Market News https://ift.tt/2NYYHlE

Oil Futures Settle Slightly Weak

Crude oil prices drifted lower on Wednesday on data showing a rise in inventories, and amid concerns about outlook for near term energy demand due to the impact of the coronavirus outbreak on the global economy.

Oil's decline was not any significantly sharp as traders noted reports indicating the possibility of OPEC stepping in to support prices by extending crude output reduction.

West Texas Intermediate crude oil futures for March ended down $0.15, or about 0.3%, at $53.33 a barrel.

Brent crude oil futures were up $0.26 at $59.77 a barrel.

Concerns about energy demand continued to weigh on oil prices. However, worries eased after the head of the World Health Organization (WHO) said he was confident in China's ability to contain the virus outbreak.

OPEC wants to extend oil output cuts until at least June from March, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the coronavirus outbreak, media reports quoted OPEC sources as saying.

According to data released by Energy Information Administration (EID), crude Oil inventories rose by 3.5 million barrels in the week ended Jan. 24, compared to expectations for a build of 482,000 barrels.

Gasoline inventories were up by 1.2 million barrels, slightly less than an expected increase. Meanwhile, distillates stocks were down 1.3 million barrels last week, more than an expected drop of about 1.1 million barrels.

Data from industry group the American Petroleum Institute showed on Tuesday that U.S. oil inventories fell by 4.3 million barrels for the week ended Jan.24, compared with analysts' expectations of a gain of 482,000 barrels.

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

source http://www.mt5.com/forex_news/quickview/2150736/

Treasuries See Further Upside After Fed Leaves Rates Unchanged

Following the pullback seen in the previous session, treasuries moved back to the upside over the course of the trading day on Wednesday.

Bond prices climbed into positive territory in early trading and reached new highs going into the close. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 4.7 basis points to 1.594 percent.

The ten-year yield more than offset the increase seen on Tuesday, ending the session at its lowest closing level in well over three months.

Treasuries saw further upside after the Federal Reserve announced its widely expected to leave interest rates unchanged following the conclusion of its two-day monetary policy meeting.

The Fed decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent, keeping rates unchanged for the second straight meeting after three straight quarter-point rate cuts.

The accompanying statement was largely unchanged from last month, with the Fed noting that recent data indicates the labor market remains strong and that economic activity has been rising at a moderate rate.

The central bank did describe household spending as rising at a "moderate pace" compared to last month's description of spending as rising at a "strong pace."

In his post-meeting press conference, Fed Chairman Jerome Powell acknowledged that some of the uncertainties around trade have diminished following the signing of the phase one U.S.-China trade deal.

Powell noted that some uncertainties about the global economic outlook remain, however, with the Fed chief specifically pointing to the new coronavirus outbreak.

"With the yield curve close to re-inverting, speculation has risen that the Fed might consider cutting interest rates again, perhaps because of fears about the potential economic disruption from the new coronavirus," said Paul Ashworth, Chief U.S. Economist at Capital Economics.

"But unless the U.S. experiences its own epidemic, we doubt the indirect effects from the disruption in China would be enough to warrant a U.S. rate cut," he added. "We continue to expect that the Fed will leave rates on hold for an extended period."

In U.S. economic news, the National Association of Realtors released a report unexpectedly showing a sharp pullback in pending home sales in the month of December.

NAR said its pending home sales index plunged by 4.9 percent in December after jumping by 1.2 percent in November. Economists had expected pending home sales to rise by 0.5 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.

Trading on Thursday may be impacted by reaction to the Commerce Department's preliminary reading on fourth quarter GDP.

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

source http://www.mt5.com/forex_news/quickview/2150735/

*Japan Jan Consumer Confidence 39.1, Same As In December

Japan Jan Consumer Confidence 39.1, Same As In December

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

source http://www.mt5.com/forex_news/quickview/2150677/

European Economics Preview: UK Nationwide House Price Data Due

House prices from the UK and consumer sentiment from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, the UK Nationwide house price data is due. House prices are forecast to rise 1.5 percent on a yearly basis in January, faster than the 1.4 percent rise in December.

In the meantime, Germany's consumer confidence survey results are due. The forward-looking index is expected to remain unchanged at 9.6 in February.

At 2.45 am ET, France Insee publishes consumer confidence data. Economists forecast a score of 102 in January, unchanged from December.

At 3.00 am ET, Spain retail sales data is due. Sales are forecast to grow 2.2 percent annually in December after rising 2.9 percent in November.

In the meantime, the Swedish National Institute of Economic Research releases economic tendency survey data.

At 4.00 am ET, consumer and business confidence data is due from Italy's Istat. The consumer sentiment index is seen at 110.5 in January versus 110.8 in December.

In the meantime, the European Central Bank releases money supply data. Eurozone M3 is forecast to grow 5.5 percent on year in December after rising 5.6 percent in November.

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

source http://www.mt5.com/forex_news/quickview/2150676/

British Pound (GBP) Latest: Sliding Lower as Brexit Day Nears

GBP/USD continues to fall amid ongoing “risk-off” sentiment in the markets but faces strong support from a trendline that once provided resistance. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar May Bloom on FOMC Outlook, Corporate Earnings

The US Dollar may rise if the Fed provides an optimistic outlook against the backdrop of strong corporate earnings and ebbing coronavirus fears. EUR/USD may re-test November-lows. Via DailyFX - Market News https://ift.tt/2NYYHlE

South Korea Consumer Confidence Strengthens In January

South Korea's consumer confidence strengthened in January after easing in the previous month, survey results from Bank of Korea showed on Wednesday.

The consumer confidence index rose to 104.2 in January from 100.5 in December. In November, the index reading was 101.0.

The indicator for consumer sentiment regarding current living standards increased one point to 93, while that concerning the outlook for living standards gained three point to 97 in January.

Consumer sentiment related to future household income also rose three points to 101. The index concerning future spending increased one point to 110.

Consumer sentiment concerning current domestic conditions gained four points to 78 and future domestic economic conditions gained five points to 87.

The expected inflation rate for the following year was 1.8 percent.

The survey was conducted among 2,500 households between January 10 and 17.

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

source http://www.mt5.com/forex_news/quickview/2150675/

Australia Leading Index Signals Weak Economic Momentum

Australia's leading index signaled weak economic momentum continuing in the first half of 2020, data published by Westpac showed on Wednesday.

The Westpac- Melbourne Institute leading index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to -0.32 percent in December from -0.62 percent in November.

Nonetheless, the index growth remained below zero, representing the thirteenth straight month where the index growth has been negative.

Data showed that the leading index growth rate deteriorated over the second half of 2019, moving to the current -0.32 percent in December from -0.03 percent in July, largely due to a sell-off in commodity prices and a more mixed performance on the Australian share market.

The Reserve Bank of Australia Board next meets on February 4. Westpac expects that the bank to hold the cash rate steady at its February meeting. However, the decision is likely to be a temporary pause in the rate cut cycle, Bill Evans, chief economist at Westpac said.

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

source http://www.mt5.com/forex_news/quickview/2150674/

UK Shop Prices Fall At Slower Pace: BRC

UK shop prices decreased at a slower pace in January, a survey from the British Retail Consortium showed on Wednesday.

The BRC-Nielsen shop price index dropped 0.3 percent on a yearly basis. Prices had declined 0.4 percent in December.

Shoppers will cheer as non-food prices fell in January, a continuation of the long-term trend in retail, Helen Dickinson, chief executive at BRC said. This was tempered by growth in food prices which accelerated to 1.6 percent, slightly above the 6-month average.

Whilst promotions in Supermarkets have returned to more normal levels post-Christmas, the sector remains embattled with fierce price competition which looks set to continue, Mike Watkins, head of retailer and business insight, Nielsen said.

And after a decline in volumes across food retailing last year, the industry will be looking to stabilize sales in the first quarter, Watkins noted.

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

source http://www.mt5.com/forex_news/quickview/2150673/

Crude Oil Prices Rise Again Despite Virus Fears, Fed Meet Eyed

Crude oil prices made small gains as Tuesday’s US stock market bounce saw risk appetite revive a little in Asia. The spread of coronavirus remains the markets’ prime concern though. Via DailyFX - Market News https://ift.tt/2NYYHlE

USD/CAD Strength Following BoC Appears Exhausted Ahead of US GDP

USD/CAD struggles to retain the advance following the BoC meeting, and updates to the US GDP report may fuel the recent pullback if the data shows a slowing economy. Via DailyFX - Market News https://ift.tt/2NYYHlE

Australia Inflation Climbs 0.7% On Quarter In Q4

Consumer prices in Australia advanced 0.7 percent on quarter in the fourth quarter of 2019, the Australian Bureau of Statistics said on Wednesday. That beat expectations for a gain of 0.6 percent and was up from 0.5 percent in the three months prior.

On a yearly basis, inflation gained 1.8 percent - also topping forecasts for 1.7 percent, which would have been unchanged from the Q3 reading.

"Drought conditions are impacting prices for a range of food products. Food prices increased 1.3 percent this quarter with price rises for beef and veal (+2.9 percent), pork (+4.7 percent), milk (+1.7 percent) and cheese (+2.4 percent). Both the impact from the drought and lower seasonal supply contributed to price rises for fruit (+6.8 percent) this quarter," ABS Chief Economist, Bruce Hockman said.

The most significant price rises this quarter are tobacco (+8.4 percent), domestic holiday, travel and accommodation (+7.3 percent), automotive fuel (+4.4 percent), and fruit (+6.8 percent).

The most significant price falls this quarter are international holiday, travel and accommodation (-2.9 percent), garments for women (-2.5 percent) and wine (-1.6 percent).

"Annual inflation remains subdued partly due to some price falls for housing related expenses. Through the year to the December 2019 quarter, price falls were recorded for utilities (-1.0 percent) and new dwelling purchase by owner-occupiers (-0.1 percent), while rent price rises remained modest (+0.2 percent)," Hockman said.

The Reserve Bank of Australia's trimmed mean was up 0.4 percent on quarter and 1.6 percent on year - both unchanged from the previous three months.

The RBA's weighted median rose 0.4 percent on quarter and 1.3 percent on year - also unchanged from the third quarter.

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

source http://www.mt5.com/forex_news/quickview/2150672/

Australia Consumer Prices Rise 0.7% On Quarter In Q4

Consumer prices in Australia were up 0.7 percent on quarter in the fourth quarter of 2019, the Australian Bureau of Statistics said on Wednesday. That exceeded expectations for a gain of 0.6 percent and was up from 0.5 percent in the three months prior.

On a yearly basis, inflation gained 1.8 percent - also topping forecasts for 1.7 percent, which would have been unchanged from the Q3 reading.

The Reserve Bank of Australia's trimmed mean was up 0.4 percent on quarter and 1.6 percent on year - both unchanged from the previous three months.

The RBA's weighted median rose 0.4 percent on quarter and 1.3 percent on year - also unchanged from the third quarter.

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

source http://www.mt5.com/forex_news/quickview/2150671/

*Australia Q4 Weighted Median +0.4% On Quarter, +1.3% On Year

Australia Q4 Weighted Median +0.4% On Quarter, +1.3% On Year

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

source http://www.mt5.com/forex_news/quickview/2150669/

*Australia Q4 Trimmed Mean +0.4% On Quarter, +1.6% On Year

Australia Q4 Trimmed Mean +0.4% On Quarter, +1.6% On Year

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

source http://www.mt5.com/forex_news/quickview/2150670/

*Australia Inflation +0.7% On Quarter, +1.8% On Year In Q4

Australia Inflation +0.7% On Quarter, +1.8% On Year In Q4

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

source http://www.mt5.com/forex_news/quickview/2150668/

*Australia Leading Economic Index +0.05% On Month In December - Westpac

Australia Leading Economic Index +0.05% On Month In December - Westpac

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

source http://www.mt5.com/forex_news/quickview/2150667/

Gold Price Outlook Hinges on FOMC Forward Guidance

It remains to be seen if the FOMC interest rate decision will influence the price of gold as the central bank is expected to keep the benchmark interest rate on hold. Via DailyFX - Market News https://ift.tt/2NYYHlE

Australia Inflation Data Due On Wednesday

Australia will on Wednesday release Q4 numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity.

Inflation is tipped to hold steady at 1.7 percent on year and rise from 0.5 percent to 0.6 percent on quarter. The Reserve Bank of Australia's trimmed mean is called unchanged at 0.4 percent on quarter and up 1.5 percent on year - down from 1.6 percent in Q3. The weighted median is called steady at 1.2 percent on year and is tipped to add 0.4 percent on quarter, accelerating from 0.3 percent in Q3.

Japan will see January results for its consumer confidence index, with forecasts suggesting a score of 39.5 - up from 39.1 in December.

Singapore will provide December figures for producer prices; in November, prices were down 0.9 percent on month and 4.9 percent on year.

The Philippines also will see December PPI figures; in November, prices were down 0.3 percent on month and up 0.5 percent on year.

Finally, the markets in Taiwan and China remain closed on Wednesday for the Lunar New Year holiday.

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

source http://www.mt5.com/forex_news/quickview/2150666/

Dollar Pares Gains After Hitting Near 2-month High

The U.S. dollar was steady against major currencies on Tuesday, ahead of the Federal Reserve's monetary policy statement, due on Wednesday. The currency's safe-haven appeal amid concerns about the impact of the coronavirus spread on the global economy helped its uptick.

The dollar index hit a near 2-month high, rising to 98.16 in late morning trades. It however, shed gains and was last seen at 97.99, up just 0.03% from previous close.

Against the Euro, the dollar was flat at $1.1022 after having strengthened to $1.0999 earlier in the day.

Against Pound Sterling, the dollar rose to $1.3022, gaining nearly 0.3%.

The Yen was weaker by about 0.25% against the dollar, with a unit of dollar fetching 109.16 yen, compared to 108.90 yen Monday evening.

The dollar was flat at 0.6762 against the Aussie, giving up earlier gains.

Against Swiss franc, the dollar was notably stronger at 0.9730, while against the loonie, it was down at 1.3159.

In economic news, data from the Commerce Department showed new orders for U.S. manufactured durable goods rebounded by much more than anticipated in the month of December.

The report said durable goods orders surged up by 2.4% in December after tumbling by a revised 3.1% in November.

Economists had expected durable goods orders to rise by 0.5% compared to the 2.1% slump that had been reported for the previous month.

According to a report released by the Conference Board, consumer confidence in the U.S. showed a notable improvement in the month of January, withe index climbing to 131.6 in the month, from an upwardly revised 128.2 in December.

Economists had expected the consumer confidence index to rise to 127.8 from the 126.5 originally reported for the previous month.

In an update about coronavirus, China reported 24 more deaths from the epidemic, taking the number of fatalities to 106 and raising concerns about a hit to global economic growth. More than 4,500 people have been reportedly infected, with cases reported in about ten countries.

Chinese President Xi Jinping said today that China was sure of defeating the "devil" coronavirus that has killed 106 people.

However, amid continued worries about the virus outbreak, French and Japanese governments have organized evacuations. Hong Kong is planning to suspend rail and ferry links with the mainland.

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

source http://www.mt5.com/forex_news/quickview/2150665/

Australian Dollar Gains As 4Q CPI Inflation Beats Expectations

The Australian Dollar got a Wednesday lift on news that consumer prices rose at their strongest annualized pace for a year in 2019's final quarter. However underlying pricing power remains quite weak. Via DailyFX - Market News https://ift.tt/2NYYHlE

Canadian Dollar and Crude Oil Prices Setting Up for a Reversal?

The Canadian Dollar rallied with crude oil prices, raising the question of reversals in USD/CAD and WTI. Wuhan Virus fears subsided for now as AUD/USD awaits Australian CPI data. Via DailyFX - Market News https://ift.tt/2NYYHlE

Fed Meeting: US Dollar Volatility & FOMC Rate Decisions

Fed meetings have historically served as major catalysts for currency volatility in the US Dollar – take a look at how USD price action typically responds to FOMC interest rate decisions. Via DailyFX - Market News https://ift.tt/2NYYHlE

Treasuries Give Back Ground Following Recent Strength

After moving sharply higher over the past few sessions, treasuries gave back some ground during the trading day on Tuesday.

Bond prices moved to the downside in morning trading and remained firmly negative throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 3.6 basis points to 1.641 percent.

The ten-year yield rebounded after ending the previous session at its lowest closing level in well over three months.

The pullback by treasuries came as traders cashed in on the recent strength in the bond markets, which was sparked by treasuries' safe haven appeal amid the coronavirus outbreak.

Treasuries saw further downside following the release of a report from the Conference Board showing a notable improvement in U.S. consumer confidence in the month of January.

The Conference Board said its consumer confidence index climbed to 131.6 in January from an upwardly revised 128.2 in December.

Economists had expected the consumer confidence index to rise to 127.8 from the 126.5 originally reported for the previous month.

"Consumer confidence increased in January, following a moderate advance in December, driven primarily by a more positive assessment of the current job market and increased optimism about future job prospects," said Lynn Franco, Senior Director, Economic Indicators, at The Conference Board.

She added, "Optimism about the labor market should continue to support confidence in the short-term and, as a result, consumers will continue driving growth and prevent the economy from slowing in early 2020."

Earlier in the day, the Commerce Department released a separate report showing new orders for U.S. manufactured durable goods rebounded by much more than anticipated in the month of December.

The report said durable goods orders surged up by 2.4 percent in December after tumbling by a revised 3.1 percent in November. Economists had expected durable goods orders to rise by 0.5 percent.

Orders for transportation equipment led the rebound, spiking by 7.6 percent in December after plunging by 8.3 percent in November.

Excluding orders for transportation equipment, durable goods orders edged down by 0.1 percent in December after falling by 0.4 percent in November. Economists had expected a 0.2 percent uptick.

Treasuries remained stuck in the red after the Treasury Department revealed its auction of $32 billion worth of seven-year notes attracted modestly below average demand.

Looking ahead, the Federal Reserve is due to announce its latest monetary policy decision on Wednesday, although the central bank is widely expected to leave interest rates unchanged.

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

source http://www.mt5.com/forex_news/quickview/2150664/

Oil Futures Snap 5-session Losing Streak, Settle Modestly Higher

After five successive days of losses, crude oil futures settled higher on Tuesday, as prices rebounded a bit, on reports OPEC and allies might reduce crude output due to a likely drop in energy demand following the coronavirus outbreak.

West Texas Intermediate Crude oil futures for March ended up $0.34, or about 0.6%, at $53.48 a barrel.

Brent Crude futures edged up $0.13, or about 0.2%, to $59.43 a barrel.

On Monday, WTI crude oil futures for March ended down $1.05, or 1.9%, at $53.14 a barrel, a more than 3-month low. Oil prices dropped to a low of $52.13 earlier in the session.

Oil prices drifted lower earlier in the session today after China reported 24 more deaths from coronavirus epidemic, taking the number of fatalities to 106 and raising concerns about a hit to global economic growth.

Saudi Arabia and the United Arab Emirates (UAE), allies in the Organization of the Petroleum Exporting Countries (OPEC), which tried to play down the impact of the virus on Monday, are now reportedly considering deepening the ongoing production cuts to stave off excessive price slides.

Data showing an improvement in U.S. consumer confidence in the month of January, and a bigger than expected increase in durable goods orders in the month of December contributed a bit to oil's uptick.

Markets now look ahead to the weekly crude inventories data from the American Petroleum Institute (API) and Energy Information Administration (EIA).

While API's weekly report is due later in the day, the EIA's inventory data will be out on Wednesday morning.

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

source http://www.mt5.com/forex_news/quickview/2150663/

*Swiss 2019 Trade Surplus CHF37.3 Bln Vs. CHF31.4 Bln In 2018

Swiss 2019 Trade Surplus CHF37.3 Bln Vs. CHF31.4 Bln In 2018

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

source http://www.mt5.com/forex_news/quickview/2150605/

*Swiss Dec Imports +0.2% On Month Vs. -0.1% In November

Swiss Dec Imports +0.2% On Month Vs. -0.1% In November

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

source http://www.mt5.com/forex_news/quickview/2150603/

Franc Rises Vs Most Majors After Swiss Trade Data

Following the release of Swiss trade data for December at 2:00 am ET Tuesday, the Swiss franc traded mixed against its major rivals. While the franc changed little against the greenback, it rose against the rest of major rivals.

The Swiss franc was trading at 1.0696 against the euro, 1.2655 against the pound, 0.9709 against the greenback and 112.36 against the yen around 2:05 am ET.

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

source http://www.mt5.com/forex_news/quickview/2150604/

*Swiss Dec Exports -3.4% On Month Vs. -0.4% In November

Swiss Dec Exports -3.4% On Month Vs. -0.4% In November

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

source http://www.mt5.com/forex_news/quickview/2150602/

Dow Jones & DAX Forecast: Key Levels to Watch Amid Coronavirus Risks

Risk sentiment remains on the backfoot as concerns over the Coronavirus continues to mount with over 4500 confirmed cases. DAX tests trendline support. Via DailyFX - Market News https://ift.tt/2NYYHlE

*Yen Drops To 120.20 Against Euro

Yen Drops To 120.20 Against Euro

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source http://www.mt5.com/forex_news/quickview/2150601/

European Economics Preview: Spain Unemployment Data Due

Unemployment from Spain is due on Tuesday, headlining a very light day for the European economic news.

At 3.00 am ET, Spain's INE publishes fourth quarter unemployment data. The jobless rate is seen at 14 percent versus 13.92 percent in the third quarter.

At 3.30 am ET, Statistics Sweden is slated to issue retail sales, producer prices and foreign trade figures. Sales are forecast to drop 0.9 percent on month in December, following a 0.4 percent decrease in November.

At 6.00 am ET, the Confederation of British Industry is set to publish Distributive Trades Survey data. The retail sales balance is expected to rise to +3 percent in January from zero in December.

In the meantime, retail sales data is due from Ireland.

At 8.00 am ET, Hungary's central bank announces its rate decision. The bank is expected to maintain its benchmark rate at 0.90 percent.

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

source http://www.mt5.com/forex_news/quickview/2150600/

Australia's Business Conditions Weaken In December: NAB

Australia's business conditions weakened marginally in December signaling that activity stabilized in the fourth quarter, survey data from National Australia Bank showed Tuesday.

The business conditions index fell one point to +3 in December. The indicator has remained below average and was also well below the level seen in early 2018.

At -2, the business confidence index dropped 2 points to the lowest since mid-2013. The indicator has fallen for the second consecutive month and was also below average. According to NAB, forward looking indicators do not imply a material improvement in the near term. Forward orders remained weak and capacity utilization was just below average.

The employment index was the bright spot, which was unchanged at +4 index points implied reasonable ongoing employment demand. The trading conditions indicator slid 1 point to +6 points.

At the same time, profitability unwound last month's increase, ending the year at +1 index point.

For now, the survey has not showed clear evidence of a bushfire impact, but the more significant impact is likely to have occurred in January, said NAB Group Chief Economist Alan Oster.

"At present there appears to be a relatively large divergence between confidence and conditions, and we will continue to watch the survey to see how this resolves," Oster said.

Though, if confidence and forward orders remain weak, it is likely that the early part of 2020 could see further deterioration in the growth momentum, especially in private sector demand, Oster added. He noted that more policy stimulus will be needed to boost the economy over 2020.

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

source http://www.mt5.com/forex_news/quickview/2150599/

British Pound (GBP) Latest: Trending Lower Amid Global Risk-Off Sentiment

With Brexit just three days away, the British Pound is weakening for the fifth successive session as risk assets fall globally in response to the coronavirus outbreak in China. Via DailyFX - Market News https://ift.tt/2NYYHlE

Apple Earnings, CBO Fiscal Forecasts May Boost US Dollar

The US Dollar may rise after Apple – one of few companies with a trillion Dollar market cap – release their Q1 earnings. The Greenback may also rise on a key fiscal report. Via DailyFX - Market News https://ift.tt/2NYYHlE

Gold Prices Steady As Virus Spread Saps Global Risk Appetite

Gold prices remain well-supported through a shallow pullback after closing at the highest level in nearly seven years as investors monitor the coronavirus’ international spread. Via DailyFX - Market News https://ift.tt/2NYYHlE

EUR/USD Rate Forecast: November Low on Radar Following ECB Meeting

The November low (1.0981) sits on the radar for EUR/USD as the exchange rate extends the series of lower highs and lows from the previous week. Via DailyFX - Market News https://ift.tt/2NYYHlE

Silver and Gold Prices Ripe for Retreat Ahead FOMC Outlook?

Despite recent gains in silver and gold prices amid the coronavirus panic, the precious metals may retrace their recent gains if the FOMC outlook cools demand for anti-fiat hedges. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japan Producer Prices Hold Steady At 2.1% In December

Producer prices in Japan were up 2.1 percent on year in December, the Bank of Japan said on Tuesday - in line with expectations and unchanged from the previous month.

Producer prices were flat on month after adding 0.2 percent in November.

Among the individual components, prices were up for transportation, communications, finance and insurance. Prices were down for advertising and security services.

For all of 2019, producer prices were up 1.1 percent on year - slowing slightly from the 1.2 percent annual increase in 2018.

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

source http://www.mt5.com/forex_news/quickview/2150598/

Euro May Fall with DAX Index as Coronavirus Spreads into Europe

The Euro and DAX equity index may fall as the coronavirus continues to spread across Europe, with a new case reported in Germany – the largest Eurozone economy. Via DailyFX - Market News https://ift.tt/2NYYHlE

*Japan Producer Prices +2.1% On Year In December

Japan Producer Prices +2.1% On Year In December

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

source http://www.mt5.com/forex_news/quickview/2150597/

US Dollar May Rise vs NOK, SEK on Coronavirus Risks and FOMC

The US Dollar may extend its gains vs the sentiment-linked Swedish Krona and Norwegian Krone ahead of the FOMC rate decision and anxiety about the coronavirus. Via DailyFX - Market News https://ift.tt/2NYYHlE

Australia Business Confidence Data Due On Tuesday

Australia is on Tuesday scheduled to see December results for the indexes for business confidence and business conditions from NAB, headlining a light day for Asia-Pacific economic activity.

In November, the index for business confidence came in with a score of 0, while business conditions was at +4.

Japan will release December numbers for producer prices, with forecasts suggesting an increase of 2.1 percent on year - unchanged from the November reading.

Finally, the markets in Taiwan, China and Hong Kong remain closed on Tuesday for the Lunar New Year holiday.

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

source http://www.mt5.com/forex_news/quickview/2150596/

EUR/CHF Triggers Oversold RSI Signal Amid Flight to Safety

EUR/CHF trades at its lowest level since 2017, with the Relative Strength Index (RSI) pushing into oversold territory as there appears to be a flight to safely. Via DailyFX - Market News https://ift.tt/2NYYHlE

Australian Dollar Forecast May Deepen Bearish: AUD/USD, AUD/JPY Fall

The Australian Dollar fell as the US Dollar and Japanese Yen rose, pushing AUD/USD and AUD/JPY to deepening bearish technical breakouts as coronavirus fears engulfed financial markets. Via DailyFX - Market News https://ift.tt/2NYYHlE

Treasuries Move Notably Higher Amid Growing Coronavirus Concerns

Treasuries moved significantly higher during trading on Monday, extending the strong upward move seen over the past few sessions.

Bond prices moved to the upside early in the session and remained firmly positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slumped by 7.6 basis points to 1.605 percent.

With the notable decrease on the day, the ten-year yield ended the session at its lowest closing level in over three months.

Treasuries continued to benefit from their appeal as a safe haven amid growing concerns about the coronavirus outbreak in China.

Chinese officials said the death toll from the new coronavirus has jumped to 81, with more than 2,800 people infected globally.

On the U.S. economic front, the Commerce Department released a report unexpectedly showing a modest decrease in new home sales in the month of December.

The report said new home sales fell by 0.4 percent to an annual rate of 694,000 in December from a downwardly revised 697,000 in November.

The drop surprised economists, who had expected new home sales to surge up by 1.5 percent to an annual rate of 730,000 in December from the 719,000 originally reported for the previous month.

Revised data also showed new home sales slumped by 1.1 percent in November compared to the previously reported 1.3 percent jump.

Meanwhile, bond traders largely shrugged off the results of the Treasury Department's auction of two-year and five-year notes, which attracted mixed demand.

Reports on durable goods orders and consumer confidence may attract some attention on Tuesday, although the data could be overshadowed by news about the coronavirus outbreak.

The Treasury Department is also due to announce the results of this month's auction of $32 billion worth of seven-year notes.

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

source http://www.mt5.com/forex_news/quickview/2150595/

Oil Futures Extend Losses, Settle At More Than 3-month Low

Crude oil prices drifted lower on Monday, extending losses to a fifth straight session, as worries about the impact of the coronavirus outbreak in China on the global economy raised concerns about the outlook for energy demand.

Oil was also weighed down by higher crude inventories.

West Texas Intermediate crude oil futures for March ended down $1.05, or about 1.9%, at 53.14 a barrel, the lowest settlement price since October 15. Oil prices dropped to a low of $52.13 in the session.

Brent crude futures declined $1.53, or about 2.5%, to $59.16 a barrel.

On Friday, WTI Crude oil futures for March ended down $1.40, or about 2.5%, at $54.19 a barrel.

Oil prices declined despite Saudi Arabia saying it believes the crisis so far will have a "very limited impact" on consumption.

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman Al-Saud said today the kingdom was closely monitoring developments in global oil markets resulting from "gloomy expectations" over the impact of the new coronavirus on the Chinese and global economy and oil market fundamentals.

He expressed confidence that the new virus would be contained. Markets are being "primarily driven by psychological factors and extremely negative expectations adopted by some market participants despite its very limited impact on global oil demand," he said.

According to reports, the death toll from the coronavirus outbreak rose to 81 in China, with 2,800 confirmed cases. The virus has spread to more than ten countries, including the U.S., France, Australia and Canada.

China's National Health Commission on Sunday said the new coronavirus is contagious even in its incubation period, which lasts up to 14 days, and that the virus' ability to spread is getting stronger.

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

source http://www.mt5.com/forex_news/quickview/2150594/

Gold Futures Settle Higher On Safe-haven Appeal

Gold prices moved higher on Monday on safe-haven appeal amid mounting concerns about the impact of the spread of the coronavirus.

Global stocks tumbled as fears about the impact of the virus attack on the economy hurt risk appetite and prompted investors to go on a selling spree.

According to reports, the death toll from the coronavirus outbreak rose to 81 in China, with 2,800 confirmed cases. The virus has spread to more than ten countries, including the U.S., France, Australia and Canada.

The dollar index was up 0.12% at 97.97 with the currency's safe-haven appeal supported its uptick.

Gold futures for February ended up $5.50, or about 0.4%, at $1,577.40 an ounce, the highest settlement since early April 2013.

On Friday, Gold futures for February ended up $6.50, or 0.4%, at $1,571.90 an ounce.

Silver futures for March ended down $0.057 at $18.056 an ounce, while Copper futures for March closed down $0.0875 at $2.5965 per pound.

According to reports, the death toll from China's new coronavirus rose to 81, with more than 2,800 people infected globally.

China's National Health Commission on Sunday said the new coronavirus is contagious even in its incubation period, which lasts up to 14 days, and that the virus' ability to spread is getting stronger.

In economic news, new home sales unexpectedly showed a modest decrease in the month of December, according to a report released by the Commerce Department on Monday.

The report said new home sales fell by 0.4% to an annual rate of 694,000 in December from a downwardly revised 697,000 in November.

The drop surprised economists, who had expected new home sales to surge up by 1.5% to an annual rate of 730,000 in December from the 719,000 originally reported for the previous month.

Revised data also showed new home sales slumped by 1.1% in November compared to the previously reported 1.3% jump.

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

source http://www.mt5.com/forex_news/quickview/2150593/

*Singapore Economy To Be Impacted By Wuhan Coronavirus Outbreak: Minister

Singapore Economy To Be Impacted By Wuhan Coronavirus Outbreak: Minister

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source http://www.mt5.com/forex_news/quickview/2150558/

*U.S. Dollar Climbs To Near 4-week High Of 0.6795 Against Australian Dollar

U.S. Dollar Climbs To Near 4-week High Of 0.6795 Against Australian Dollar

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

source http://www.mt5.com/forex_news/quickview/2150557/

*U.S. Dollar Advances To 4-day High Of 1.3170 Against Canadian Dollar

U.S. Dollar Advances To 4-day High Of 1.3170 Against Canadian Dollar

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source http://www.mt5.com/forex_news/quickview/2150556/

*U.S. Dollar Rises To 0.9714 Against Franc

U.S. Dollar Rises To 0.9714 Against Franc

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source http://www.mt5.com/forex_news/quickview/2150555/

*Turkey Jan Manufacturing Confidence 104.1 Vs. 103.6 In December

Turkey Jan Manufacturing Confidence 104.1 Vs. 103.6 In December

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

source http://www.mt5.com/forex_news/quickview/2150554/

*Turkey Jan Capacity Utilization 75.5% Vs. 77.0% In December

Turkey Jan Capacity Utilization 75.5% Vs. 77.0% In December

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

source http://www.mt5.com/forex_news/quickview/2150553/

*EY Item Club: UK GDP To Grow 1.2% In 2020, 1.7% In 2021

EY Item Club: UK GDP To Grow 1.2% In 2020, 1.7% In 2021

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

source http://www.mt5.com/forex_news/quickview/2150552/

*Denmark Dec Retail Sales -0.6% On Year Vs. 0% In November

Denmark Dec Retail Sales -0.6% On Year Vs. 0% In November

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

source http://www.mt5.com/forex_news/quickview/2150551/

*Denmark Dec Retail Sales -0.5% On Month Vs. +0.1% In November

Denmark Dec Retail Sales -0.5% On Month Vs. +0.1% In November

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

source http://www.mt5.com/forex_news/quickview/2150550/

Indian Rupee Slightly Off Near 3-week Low Against U.S. Dollar

The Indian rupee came off slightly from its early low against the U.S. dollar in the late morning session on Monday.

The decline came after the death toll from China's new coronavirus grew to 80, raising concerns the outbreak could severely disrupt the Chinese economy, an engine of global growth.

The benchmark S&P BSE Sensex fell 175 points, or 0.42 percent, to 41,439, while the broader NSE Nifty index was down 53 points, or 0.43 percent, at 12,196.

The Indian rupee was trading at 71.35 against the greenback, after recovering from near a 3-week low of 71.50 seen during opening for Indian markets. The rupee had set a 4-day high of 71.09 against the greenback earlier in the session. The pair had finished Friday's deals at 71.24.

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

source http://www.mt5.com/forex_news/quickview/2150549/

British Pound (GBP) Latest: GBP/USD Respecting Support as BoE Decision Nears

Sterling remains slightly better bid as Europe comes into play although last Friday’s sell-off may prove difficult to reverse ahead of the BoE interest rate decision on Thursday. EU Brexit chief Ba... Via DailyFX - Market News https://ift.tt/2NYYHlE

Finland Manufacturing Confidence Weakens In January

Finland's manufacturing sentiment deteriorated in January, survey data from the Confederation of Finnish Industries showed on Monday.

The manufacturing confidence index decreased to -8 in January from -5 in December. The reading was well below its long-term average of +1.

The construction confidence indicator remained unchanged at 3 in January. This was above its long-term average of -6.

The service sector confidence indicator dropped to 10 points in January from 11 in the previous month.

The retail trade confidence declined eight points to -3 in January.

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

source http://www.mt5.com/forex_news/quickview/2150548/

Finland Consumer Confidence Falls In January

Finland's consumer confidence decreased in January after improving in the previous month, survey data from Statistics Finland showed on Monday.

The consumer sentiment index fell to -4.6 in January from -4.2 in December. In November, the score was -5.0.

Among four components of the confidence index, views of their own current economy and spending money on durable goods weakened, while the assessment of near future of Finland's economy improved slightly in January compared to December.

The data was collected from 1,063 persons resident in Finland between January 1 and 19.

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

source http://www.mt5.com/forex_news/quickview/2150547/

*Finland Jan Manufacturing Confidence -8 Vs. -5 In December

Finland Jan Manufacturing Confidence -8 Vs. -5 In December

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

source http://www.mt5.com/forex_news/quickview/2150546/

*Finland Jan Consumer Confidence -4.6 Vs. -4.2 In December

Finland Jan Consumer Confidence -4.6 Vs. -4.2 In December

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

source http://www.mt5.com/forex_news/quickview/2150545/

Yen Aims Higher on Coronavirus, Euro Up as Italy Risk Eases

The Yen is aiming higher amid worries about the economic impact of a coronavirus outbreak. The Euro is up after a regional election in Italy bolstered the government. Via DailyFX - Market News https://ift.tt/2NYYHlE

European Economics Preview: German Ifo Business Confidence Data Due

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

At 1.00 am ET, Statistics Finland releases monthly consumer confidence survey results for January. In the meantime, industrial sentiment survey data is due.

At 2.00 am ET, Statistics Denmark issues retail sales data for December.

At 4.00 am ET, Germany's ifo business sentiment survey report is due. The business confidence index is expected to rise to 97.0 in January from 96.3 in December.

Also, Poland's unemployment figures are due. The jobless rate is seen at 5.2 percent in December versus 5.1 percent in November.

Half an hour later, UK Finance publishes mortgage approvals data for December.

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

source http://www.mt5.com/forex_news/quickview/2150544/

Swiss Franc Likely to Stay Strong Despite Best SNB Efforts

The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one. Via DailyFX - Market News https://ift.tt/2NYYHlE

Swiss Franc Likely to Stay Strong Despite Best SNB Efforts

The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one. Via DailyFX - Market News https://ift.tt/2NYYHlE

USD May Rise as IDR, SGD and PHP Fall on Coronavirus Fears and Fed

The US Dollar may rise with USD/IDR, USD/SGD, USD/PHP and USD/MYR as coronavirus contagion fears hurt emerging markets. The Fed and its repo operations will be closely watched. Via DailyFX - Market News https://ift.tt/2NYYHlE

Economic Calendar Is A Blank Slate On Monday

There's no economic data on the slate for Monday, with most countries in the Asia-Pacific region celebrating the lunar New Year holiday.

Most of the regional stock are also closed for the holiday, including South Korea, Malaysia, Singapore, Taiwan, China, Hong Kong and Indonesia, among others.

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

source http://www.mt5.com/forex_news/quickview/2150543/

Gold Prices and Yen Rise on Coronavirus Fears, Iraq Attack

Gold prices and the Japanese Yen rose while stocks and commodity-linked currencies fell as an attack on US forces in Iraq compounded worries about a coronavirus outbreak. Via DailyFX - Market News https://ift.tt/2NYYHlE

Dollar, Gold, Yen: What are the Top Safe Havens of 2020?

It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different co... Via DailyFX - Market News https://ift.tt/2NYYHlE

Japanese Yen, US Dollar May Gap Higher as Week Starts on Virus Fears

The anti-risk Japanese Yen and US Dollar may gap higher after a surge in coronavirus cases from China. Expect illiquid conditions with Chinese markets offline for the Lunar New Year. Via DailyFX - Market News https://ift.tt/2NYYHlE

Weekly US Dollar Forecast: January Fed Meeting, Q4'19 US GDP on Tap

The forex economic calendar is supersaturated during the last week of January. Via DailyFX - Market News https://ift.tt/2NYYHlE

Weekly US Dollar Forecast: January Fed Meeting, Q4'19 US GDP on Tap

The forex economic calendar is supersaturated during the last week of January.

Crude Oil, S&P 500 Sink as Gold Prices Rally. Market Volatility Back?

The S&P 500 and crude oil prices experienced their worst week in months as gold prices rallied. The anti-risk Japanese Yen gained as fears of the deadly coronavirus spread into financial markets. A... Via DailyFX - Market News https://ift.tt/2NYYHlE

Crude Oil, S&P 500 Sink as Gold Prices Rally. Market Volatility Back?

The S&P 500 and crude oil prices experienced their worst week in months as gold prices rallied. The anti-risk Japanese Yen gained as fears of the deadly coronavirus spread into financial markets. A...

Dow Jones and FTSE 100 Forecast for the Week Ahead

Coronavirus latest shrugged off by Dow Jones, investors on Fed watch. FTSE 100 awaits Bank of England’s 50/50 rate decision. Via DailyFX - Market News https://ift.tt/2NYYHlE

Dow Jones and FTSE 100 Forecast for the Week Ahead

Coronavirus latest shrugged off by Dow Jones, investors on Fed watch. FTSE 100 awaits Bank of England’s 50/50 rate decision.

British Pound May Yet Fall on Brexit, BoE and Fed Are Risks

The British Pound may fall as Brexit commences, but will the Bank of England cut rates? The US Dollar could rise if the Fed spooks markets with plans to unwind repo operations. Via DailyFX - Market News https://ift.tt/2NYYHlE

British Pound May Yet Fall on Brexit, BoE and Fed Are Risks

The British Pound may fall as Brexit commences, but will the Bank of England cut rates? The US Dollar could rise if the Fed spooks markets with plans to unwind repo operations.

Crude Oil Prices May Struggle Even if Coronavirus Fears Abate

Crude oil prices have plunged amid fears that a coronavirus outbreak will derail a cautious rebound in global economic growth. They may not rise much if that risk abates. Via DailyFX - Market News https://ift.tt/2NYYHlE

Crude Oil Prices May Struggle Even if Coronavirus Fears Abate

Crude oil prices have plunged amid fears that a coronavirus outbreak will derail a cautious rebound in global economic growth. They may not rise much if that risk abates.

Australian Dollar Heavy, Eyes CPI As Last Big Clue Before RBA

The Australian Dollar has been hit by the risk-appetite pullback occasioned by the spread of Wuhan-strain coronavirus. This week may see some domestic focus return, if headlines allow, with key inf... Via DailyFX - Market News https://ift.tt/2NYYHlE

Dollar Rises Amid Rising Worries About Coronavirus

The U.S. dollar gained in strength against most major currencies on Friday, due largely to its safe-haven appeal, after worries about the impact of the coronavirus resurfaced.

The dollar index, which rose to 97.95 a little before noon, eased a bit subsequently, but still stayed above the flat line. At 97.87, the index was up 0.18% in late afternoon trades.

Against the Euro, the dollar strengthened to $1.1030, up 0.23%, compared to Thursday's close of $1.1054.

Against Pound Sterling, the dollar strengthened to $1.3078.

The Japanese Yen gained against the dollar, with a unit of dollar fetching 109.26 yen

The Aussie was down more than 0.3% against the dollar, at 0.6824. Against the loonie and Swiss franc, the dollar was stronger at 1.3145 and 0.9711, respectively.

The World Health Organisation said on Wednesday that the spread of the coronavirus in China cannot be declared a global health emergency.

The WHO said that the outbreak is an emergency for China, but it has not yet become a global emergency.

However, worries about the impact of coronavirus outbreak resurfaced after the Center for Disease Control and Prevention confirmed the second case of the virus in the U.S.

The CDC said the patient, a woman in her 60s, recently returned from a trip to Wuhan, China, and is currently doing well and in stable condition.

The public health agency said another sixty-three patients in twenty-two states are being monitored for signs of infection.

Meanwhile, according to reports, China has restricted movement of close to 46 million people in and out of cities near the center of the coronavirus outbreak. The country has also canceled Lunar New Year events as the number of infected cases is on the rise.

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

source http://www.mt5.com/forex_news/quickview/2150542/

Crude Oil Futures Settle Sharply Lower

Crude oil prices drifted lower on Friday, extending recent losses, amid rising concerns about the outlook for energy demand and excess supply in the market.

Earlier in the day, the World Health Organization's determination that it is too early to declare the Chinese coronavirus outbreak a Public Health Emergency of International Concern, limited oil's decline.

But prices edged lower subsequently as worries about the impact of coronavirus resurfaced, raising concerns about the outlook for near-term energy demand.

West Texas Intermediate Crude oil futures for March ended down $1.40, or about 2.5%, at $54.19 a barrel.

WTI crude oil futures shed about 7.5% in the week, the biggest weekly loss since falling almost 9% in the last week of May 2019.

The Center for Disease Control and Prevention confirmed the second case of the virus in the U.S.

The CDC said the patient, a woman in her 60s, recently returned from a trip to Wuhan, China, and is currently doing well and in stable condition.

The public health agency said another sixty three patients in twenty-two states are being monitored for signs of infection.

Meanwhile, according to reports, China has restricted movement of close to 46 million people in and out of cities near the center of the coronavirus outbreak. The country has also canceled Lunar New Year events as the number of infected cases is on the rise.

It is feared that a slowing Chinese economy might significantly impact energy demand as the world's second largest economy is the largest crude oil importer.

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

source http://www.mt5.com/forex_news/quickview/2150541/

Singapore Industrial Production Decline Slows In December

Singapore industrial production declined at a slower pace in December, data from the Economic Development Board showed on Friday.

Industrial production decreased 0.7 percent year-on-year in December, following an 8.9 percent drop in November. Economists had forecast a 0.6 percent fall.

Excluding biomedical manufacturing, industrial output fell 3.2 percent in December, following a 9.6 percent fall in November.

Among clusters, general manufacturing contracted 10.0 percent annually in December and those of transport engineering and chemicals fell 14.1 percent and 5.2 percent, respectively.

Meanwhile, biomedical manufacturing grew 10.3 percent and those of precision engineering, and electronics output rose by 7.0 percent 0.2 percent, respectively.

On a monthly basis, industrial production increased 4.1 percent in December, after an 8.4 percent fall a month ago. Output was expected to rose 3.9 percent.

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

source http://www.mt5.com/forex_news/quickview/2150488/

British Pound (GBP) Latest: Strong UK PMIs Support Positive GBP/USD Outlook

The British Pound remain one of the week’s best performing currencies, despite fears of a BoE rate cut next week. Finally, the Brexit process nears the end with EU chiefs signing off the Withdrawal... Via DailyFX - Market News https://ift.tt/2NYYHlE

*Finland Dec Jobless Rate 6.0% Vs. 5.4% In Last Year

Finland Dec Jobless Rate 6.0% Vs. 5.4% In Last Year

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

source http://www.mt5.com/forex_news/quickview/2150487/

*Finland Dec Producer Prices -0.7% On Month Vs. -0.2% In November

Finland Dec Producer Prices -0.7% On Month Vs. -0.2% In November

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

source http://www.mt5.com/forex_news/quickview/2150486/

*Finland Dec Producer Prices Down 0.8% On Year, Same As In November

Finland Dec Producer Prices Down 0.8% On Year, Same As In November

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

source http://www.mt5.com/forex_news/quickview/2150485/

Crude Oil Analysis: Crude Price (CL/USD) Seeks Support as Coronavirus Spreads

A very bad week for oil bulls with prices collapsing throughout the week. Technical support looks tentative, while the fundamental backdrop remains weak. Via DailyFX - Market News https://ift.tt/2NYYHlE

Euro Dollar Forecast: EUR/USD Risks to Resurface Amid Weekend Italian Election

Italy is back on the agenda as focus turns towards the regional Italian election. Government stability to wobble on Salvini win. Via DailyFX - Market News https://ift.tt/2NYYHlE

Yen May Fall as Markets Cheer PMI Data, Backdrop Still Tense

The Japanese Yen may fall as PMI data from many of the world’s top economies suggests growth is firming. Follow-through might prove lacking however. Via DailyFX - Market News https://ift.tt/2NYYHlE