*China Manufacturing PMI 51.1 In April, Non-Manufacturing PMI 54.9 - NBS

China Manufacturing PMI 51.1 In April, Non-Manufacturing PMI 54.9 - NBS

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

source http://www.mt5.com/forex_news/quickview/2175946/

Japan Manufacturing PMI Improves To 53.6 In April - Jibun Bank

The manufacturing sector in Japan continued to improve in April, and at a faster pace, the latest survey from Jibun Bank revealed on Friday with a manufacturing PMI score of 53.6.

That's up from 52.7 in March and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was quicker expansion of new orders and output as employment rose for the first time in four months.

There were further reports that rising raw material prices placed sustained pressure on average cost burdens across Japanese manufacturers in April. Input prices have now risen in each of the last 11 months, with the rate of inflation quickening to the fastest since November 2018.

Business confidence regarding activity over the coming 12 months gathered pace in April. Positive sentiment was at its second-highest level since the survey first posed the question in July 2012.

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

source http://www.mt5.com/forex_news/quickview/2175945/

*Japan Manufacturing PMI 53.6 In April - Jibun Bank

Japan Manufacturing PMI 53.6 In April - Jibun Bank

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

source http://www.mt5.com/forex_news/quickview/2175944/

Japan Industrial Production Gains 2.2% On Month In March

Industrial output in Japan climbed a seasonally adjusted 2.2 percent on month in March, the Ministry of Economy, Trade and Industry said on Friday.

That exceeded expectations for a decline of 2.0 percent following the 1.3 percent decline in February.

On a yearly basis, industrial production advanced 4.0 percent - again exceeding forecasts for an increase of 1.0 percent following the 2.0 percent contraction in the previous month.

Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it is picking up.

Industries that contributed to the increase in production included motor vehicles, chemicals and plastic products. This was offset by weakness from electrical machinery, business-oriented machinery and production machinery.

Shipments were up 0.8 percent on month and 3.9 percent on year, while inventories rose 0.1 percent on month and tumbled 10.1 percent on year. The inventory ratio sank 0.8 percent on month and 12.3 percent on year.

Industries that contributed to the increase in shipments included motor vehicles, chemicals and iron. These were offset by weakness from electrical machinery, business-oriented machinery and production machinery.

Industries that contributed to the increase in inventories included motor vehicles, business-oriented machinery and iron. These were offset by weakness from electrical machinery, communications electronics machinery and production machinery.

According to the METI's forecast of industrial production, output is expected to rise 8.4 percent in April and then sink 4.3 percent in May.

Industries expected to contribute to the increase in April include production machinery, electronics equipment and electronic parts.

Industries expected to contribute to the decrease in May include transport equipment and production machinery.

Also on Friday:

. The Ministry of Communications and Internal Affairs said that overall consumer prices in the Tokyo region of Japan were down a seasonally adjusted 0.4 percent on month in April. On a yearly basis, overall inflation tumbled 0.6 percent.

Individually, prices were down on year for food, fuel, medical care and transportation. Prices were up for housing, furniture, clothing, education and recreation.

Core CPI, which excludes volatile food prices, was also down a seasonally adjusted 0.4 percent on month and fell 0.2 percent on year.

. The jobless rate in Japan came in at a seasonally adjusted 2.6 percent in March, the Ministry of Communications and Internal Affairs said. That was shy of expectations for 2.9 percent, which would have been unchanged from the February reading.

The job-to-applicant ratio was 1.10, exceeding forecasts for 1.09 - which would have been unchanged. The participation rate was steady at 61.9 percent.

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

source http://www.mt5.com/forex_news/quickview/2175943/

Japan Industrial Output Climbs 2.2% On Month In March

Industrial production in Japan was up a seasonally adjusted 2.2 percent on month in March, the Ministry of Economy, Trade and Industry said on Friday.

That beat expectations for a decline of 2.0 percent following the 1.3 percent decline in February.

On a yearly basis, industrial production advanced 4.0 percent - again exceeding forecasts for an increase of 1.0 percent following the 2.0 percent contraction in the previous month.

Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it is picking up.

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

source http://www.mt5.com/forex_news/quickview/2175942/

*Japan Industrial Production +2.2% On Month, +4.0% On Year In March

Japan Industrial Production +2.2% On Month, +4.0% On Year In March

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

source http://www.mt5.com/forex_news/quickview/2175941/

Japan Unemployment Rate Falls To 2.6% In March

The jobless rate in Japan came in at a seasonally adjusted 2.6 percent in March, the Ministry of Communications and Internal Affairs said on Friday.

That was shy of expectations for 2.9 percent, which would have been unchanged from the February reading.

The job-to-applicant ratio was 1.10, exceeding forecasts for 1.09 - which would have been unchanged.

The participation rate was steady at 61.9 percent.

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

source http://www.mt5.com/forex_news/quickview/2175940/

Tokyo Overall Inflation Sinks 0.4% On Month In April

Overall consumer prices in the Tokyo region of Japan were down a seasonally adjusted 0.4 percent on month in April, the Ministry of Communications and Internal Affairs said on Friday.

On a yearly basis, overall inflation tumbled 0.6 percent.

Individually, prices were down on year for food, fuel, medical care and transportation. Prices were up for housing, furniture, clothing, education and recreation.

Core CPI, which excludes volatile food prices, was also down a seasonally adjusted 0.4 percent on month and fell 0.2 percent on year.

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

source http://www.mt5.com/forex_news/quickview/2175939/

*Tokyo Overall Inflation -0.4% On Month, -0.6% On Year In April

Tokyo Overall Inflation -0.4% On Month, -0.6% On Year In April

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

source http://www.mt5.com/forex_news/quickview/2175938/

*Japan Unemployment Rate 2.6% In March

Japan Unemployment Rate 2.6% In March

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

source http://www.mt5.com/forex_news/quickview/2175937/

South Korea Industrial Output Slides 0.8% In March

Industrial production in South Korea fell a seasonally adjusted 0.8 percent on month in March, Statistics Korea said on Friday.

That was shy of expectations for an increase of 0.1 percent following the upwardly revised 4.4 percent increase in February (originally 4.2 percent).

On a yearly basis, industrial production climbed 4.7 percent - exceeding forecasts for an increase of 4.2 percent and accelerating from the 0.9 percent gain in the previous month.

The index of all industry production was up 0.8 percent on month and 5.8 percent on year.

The Manufacturing Production Index shed 0.8 percent on month but increased 4.7 percent on year. The Manufacturing Shipment Index lost 0.6 percent on month but increased 3.5 percent on year. The Manufacturing Inventory Index fell 1.2 percent on month and 3.5 percent on year.

The Production Capacity Index added 0.7 percent on month and 1.6 percent on year. The Index of Capacity Utilization Rate dropped 3.1 percent on month but increased 1.3 percent on year.

The Manufacturing Average Capacity Utilization Rate was 75.0 percent, which was down 2.4 percentage points from the previous month. The Index of Services rose 1.2 percent on month and 7.8 percent on year.

The Retail Sales Index gained 2.3 percent on month and 10.9 percent on year. The Equipment Investment Index was flat on month but increased 9.3 percent on year.

The Domestic Machinery Shipment Index in March increased 3.6 percent on year. The value of Domestic Machinery Orders Received jumped 17.7 percent on year.

The value of Construction Completed at constant prices rose 0.4 percent on month but lost 5.7 percent on year. The value of Construction Orders Received at current prices skyrocketed an annual 29.8 percent.

The Composite Coincident Index rose 0.7 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, added 0.5 points from the previous month.

The Composite Leading Index gained 0.4 percent from the previous month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, added 0.2 points from the previous month.

Also on Friday, Statistics Korea said that the value of retail sales was up a seasonally adjusted 2.3 percent on month in March. That beat expectations for a gain of 1.5 percent following the 0.8 percent contraction in February.

On a yearly basis, retail sales surged 10.9 percent - again exceeding forecasts for an increase of 9.0 percent following the 8.4 percent increase in the previous month.

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

source http://www.mt5.com/forex_news/quickview/2175936/

South Korea Retail Sales Jump 2.3% On Month In March

The value of retail sales in South Korea was up a seasonally adjusted 2.3 percent on month in March, Statistics Korea said on Friday.

That beat expectations for a gain of 1.5 percent following the 0.8 percent contraction in February.

On a yearly basis, retail sales surged 10.9 percent - again exceeding forecasts for an increase of 9.0 percent following the 8.4 percent increase in the previous month.

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

source http://www.mt5.com/forex_news/quickview/2175935/

*South Korea Retail Sales +2.3% On Month, +10.9% On Year In March

South Korea Retail Sales +2.3% On Month, +10.9% On Year In March

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

source http://www.mt5.com/forex_news/quickview/2175934/

South Korea Industrial Production Sinks 0.8% In March

Industrial output in South Korea was down a seasonally adjusted 0.8 percent on month in March, Statistics Korea said on Friday.

That was shy of expectations for an increase of 0.1 percent following the upwardly revised 4.4 percent increase in February (originally 4.2 percent).

On a yearly basis, industrial production climbed 4.7 percent - exceeding forecasts for an increase of 4.2 percent and accelerating from the 0.9 percent gain in the previous month.

The index of all industry production was up 0.8 percent on month and 5.8 percent on year.

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

source http://www.mt5.com/forex_news/quickview/2175933/

*South Korea Industrial Production -0.8% On Month, +4.7% On Year In March

South Korea Industrial Production -0.8% On Month, +4.7% On Year In March

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

source http://www.mt5.com/forex_news/quickview/2175932/

Japan Data On Tap For Friday

Japan is scheduled to release a batch of data on Friday, setting the pace for a busy day in Asia-Pacific economic activity. On tap are March numbers for unemployment, industrial production, housing starts and construction orders and April figures for Tokyo inflation, consumer confidence and the manufacturing PMI from Jibun Bank.

The jobless rate is expected to hold steady at 2.9 percent and the job-to-applicant ratio is also called unchanged at 1.09. Industrial production was down 1.3 percent on month and 2.0 percent on year in February. Housing starts were down 7.4 percent on year in the previous month and construction orders rose 2.5 percent.

Consumer prices in Tokyo were down 0.2 percent on month and 0.1 percent on year in March, while the consumer confidence index had a score of 36.1 and the manufacturing PMI score was 52.7.

South Korea will provide March figures for industrial production and retail sales. Industrial production is tipped to rise 0.1 percent on month and 4.2 percent on year after gaining 4.3 percent on month and 0.9 percent on year in February. Retail sales were down 0.8 percent on month and up 8.4 percent on year in February.

China will see April results for its manufacturing and non-manufacturing PMIs from the National Bureau of Statistics; in March, their scores were 51.9 and 56.3, respectively.

Thailand will release March numbers for current account and its coincident index, plus February figures for retail sales. In February, the current account deficit was $1.07 billion and the coincident index had a score of 126.7. Retail sales tumbled 8.0 percent on year in January.

Taiwan will see an advance estimate for Q1 gross domestic product, with forecasts suggesting an expansion of 6.1 percent following the 4.94 percent gain in the previous three months.

The Philippines will provide March data for producer prices; in February, producer prices sank 5.3 percent on year.

Australia will release March numbers for private sector credit and Q1 figures for producer prices. In February, private sector credit was up 0.2 percent on month and 1.6 percent on year. In the previous three months, producer prices rose 0.5 percent on quarter and fell 0.1 percent on year.

Finally, the markets in Taiwan are closed on Friday in observance of Labor Day.

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

source http://www.mt5.com/forex_news/quickview/2175931/

Dogecoin Spikes on Musk, Cuban Tweets, Bitcoin Struggles Post-FOMC

Dogecoin prices spiked higher on the back of a flurry of tweets from Elon Musk and Mark Cuban, while Bitcoin prices remain at risk of a more extensive correction lower post-FOMC meeting. Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Comes Off Nine-week Lows, Scores Gains Against Some Major Currencies

The U.S. dollar gained in strength against some major currencies on Thursday, coming off over 2-month lows, after bond yields rose following data showing a strong first-quarter growth of the U.S. economy.

The yield on U.S. 10-Year Treasury Notes rose to about 1.65% after data showed the U.S. economy registered a strong growth in the first quarter, increasing at an annual rate of 6.4%, and the second-fastest growth since late 2003.

Data showing a drop in jobless claims contributed as well to dollar's uptick. According to the data released by the Labor Department, first-time claims for U.S. unemployment benefits dropped to a new pandemic-era low in the week ended April 24th.

The report said initial jobless claims dipped to 553,000, a decrease of 13,000 from the previous week's revised level of 566,000. Economists had expected jobless claims to inch up to 549,000 from the 547,000 originally reported for the previous week.

Jobless claims fell for the third straight week, once again sliding to their lowest level since hitting 256,000 in the week ended March 14, 2020.

A report from the National Association of Realtors showed pending home sales in the U.S. rebounded in the month of March.

NAR said its pending home sales index jumped by 1.9% March after plunging by 11.5% to a revised 109.2 in February.

The dollar index rose to 90.79 by mid-morning, but gave up gains gradually as the session progressed. It was last seen hovering around 90.65, up marginally from previous close.

Against the Euro, the dollar was up slightly at $1.2121, after having firmed up to $1.2103 earlier.

The Pound Sterling was marginally down against the greenback with a unit of Sterling fetching $1.3941 as against $1.3939 Wednesday evening.

The Yen weakened to 108.91, down nearly 0.3%.

The dollar, at 0.7765 against the Aussie a little while ago, was stronger by nearly 0.35%.

The Swiss franc was stronger at 0.9086 a dollar, gaining 0.16%. The Loonie firmed up nearly 0.3% at 1.2279 a dollar thanks to higher crude oil prices.

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

source http://www.mt5.com/forex_news/quickview/2175930/

Nasdaq 100 Futures Drop on Mixed Tech Earnings, Hang Seng and ASX 200 May Fall

Nasdaq 100 futures declined during early APAC trading hours as investors digested mixed US tech earnings and strong GDP data. The Hang Seng and ASX 200 futures are pointing to a lower start on Friday. Via DailyFX - Market News https://ift.tt/32vveVH

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure. Via DailyFX - Market News https://ift.tt/32vveVH

Treasuries Climb Well Off Worst Levels But Close Modestly Lower

After coming under pressure early in the session, treasuries regained ground over the course of the trading day on Thursday.

Bond prices climbed well off their worst levels but still closed in the red. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2 basis points to 1.640 percent after reaching a high of 1.688 percent.

The early weakness among treasuries came following the release of preliminary data from the Commerce Department showing an acceleration in the pace of U.S. economic growth in the first three months of 2021.

The report said real gross domestic product surged up by 6.4 percent in the first quarter after jumping by 4.3 percent in the fourth quarter of 2020. Economists had expected GDP to increase by 6.5 percent.

Paul Ashworth, Chief U.S. Economist at Capital Economics, said the first quarter growth left the level of GDP only 1 percent off its pre-pandemic peak in the final quarter of 2019.

"It will recapture that level in the second quarter and, with the pace of growth we expect, any remaining output gap should be eliminated before the end of this year," Ashworth said.

The faster GDP growth was led by a substantial increase in consumer spending, which was boosted by two rounds of stimulus checks.

The Labor Department also released a report showing first-time claims for U.S. unemployment benefits dropped to a new pandemic-era low in the week ended April 24th.

The report said initial jobless claims dipped to 553,000, a decrease of 13,000 from the previous week's revised level of 566,000.

Economists had expected jobless claims to inch up to 549,000 from the 547,000 originally reported for the previous week.

Jobless claims fell for the third straight week, once again sliding to their lowest level since hitting 256,000 in the week ended March 14, 2020.

Selling pressure waned over the course of the session, however, as the Federal Reserve has repeatedly indicated they plan to continue their asset purchases at the current pace for the foreseeable future despite signs of economic improvement.

Trading on Friday may be impacted by another batch of economic data, including 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/2175929/

Oil Futures Settle Sharply Higher

Crude oil prices moved higher on Thursday amid slight optimism about outlook for energy demand despite concerns about a resurgence in coronavirus cases in Asian countries, especially India.

A drop in U.S. petroleum product supplies, signs of stronger demand for oil in the U.S. and some other big countries amid improved outlook for Covid vaccinations supported oil prices.

West Texas Intermediate Crude oil futures for June ended up by $1.15 or about 1.8% at $65.01 a barrel.

Brent crude futures were up $1.33 or about 2% at $68.11 a barrel a little while ago.

Investment bank Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months as vaccination rates accelerate.

Citi analysts expect vaccination campaigns in North America and Europe to boost oil demand to a record high of 101.5 million barrels per day (bpd) over the northern hemisphere summer months. However, they are of the view that rising COVID-19 cases in Brazil and India could hit local demand if stricter lockdowns are reimposed.

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

source http://www.mt5.com/forex_news/quickview/2175928/

Gold Futures Settle Lower For 3rd Straight Day

Gold futures settled lower on Thursday, sliding for a third successive day, after bond yields rose and on data that showed the U.S. economy saw a strong growth in the first quarter.

The yield on U.S. 10-year Treasury Note rose to about 1.65%. A slightly stronger dollar weighed as well on gold prices.

The dollar index rose to 90.79 before paring some gains and retreating to 90.70.

Gold futures for June ended down by $5.60 or about 0.3% at $1,768.30 an ounce.

Silver futures for July closed lower by $0.033 or 0.1% at $26.085 an ounce, while Copper futures for July settled at $4.4865 per pound, down $0.0110 or 0.2% from previous close.

Prelimineary data released by the Commerce Department showed an acceleration in the pace of U.S. economic growth in the first three months of 2021.

The report said real gross domestic product surged up by 6.4% in the first quarter after jumping by 4.3% in the fourth quarter of 2020. Economists had expected GDP to increase by 6.5%.

According to the data released by the Labor Department, first-time claims for U.S. unemployment benefits dropped to a new pandemic-era low in the week ended April 24th.

The report said initial jobless claims dipped to 553,000, a decrease of 13,000 from the previous week's revised level of 566,000. Economists had expected jobless claims to inch up to 549,000 from the 547,000 originally reported for the previous week.

Jobless claims fell for the third straight week, once again sliding to their lowest level since hitting 256,000 in the week ended March 14, 2020.

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

source http://www.mt5.com/forex_news/quickview/2175927/

*UK Mar Car Production Rises 46.6% On Year: SMMT

UK Mar Car Production Rises 46.6% On Year: SMMT

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

source http://www.mt5.com/forex_news/quickview/2175825/

*Dutch Apr Business Confidence 6.5 Vs. 3.4 In March

Dutch Apr Business Confidence 6.5 Vs. 3.4 In March

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

source http://www.mt5.com/forex_news/quickview/2175824/

Post-FOMC US Dollar Price Set Up: USD/JPY, USD/CHF, USD/CAD

The unchanged Fed guidance sees the US Dollar unwind some of its pre-meeting build-up on hawkish expectations. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Q2 2021 Technical Forecast

Gold has been declining since August 2020, and has yet to show any real signs of life. Via DailyFX - Market News https://ift.tt/32vveVH

British Pound (GBP) Price Outlook: 1.40 in Sight Despite Ousting of Arlene Foster

The resignation of Arlene Foster as First Minister of Northern Ireland has added to the political risk for GBP/USD bulls but the pair will still likely hit the 1.40 level. Via DailyFX - Market News https://ift.tt/32vveVH

Euro Price Forecast: EUR/USD, EUR/JPY May Slide Ahead of Sentiment Print

The Euro has rode the tailwind of easing coronavirus restrictions higher against the US Dollar and Japanese Yen in recent days. However, underwhelming consumer confidence figures could trigger a ne... Via DailyFX - Market News https://ift.tt/32vveVH

Australia Export Prices Surge 11.2% On Quarter In Q1

Export prices in Australia jumped 11.2 percent on quarter in the first three months of 2021, the Australian Bureau of Statistics said on Thursday - after climbing 5.5 percent in the previous three months.

The main contributors to the rise were: metal ores and metal scrap (+18.2 percent), driven by the demand for iron ore from China and constrained global supply; gas, natural and manufactured (+20.2 percent), due to the oil-linked contracts capturing the recovery in oil prices from late 2020; and petroleum, petroleum products and related materials (+37.3 percent), driven by stronger oil demand and reduced global supply.

Import prices were up 0.2 percent on quarter after sinking 1.0 percent in the three months prior.

On a yearly basis, export prices gained 8.6 percent and import prices fell 6.2 percent as the exchange rate had a downward effect on prices.

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

source http://www.mt5.com/forex_news/quickview/2175823/

Crude Oil Price Outlook: US GDP Eyed Post Dovish Fed, OPEC+ and Indian Covid Surge

Crude oil prices are rising before first-quarter US GDP data after a dovish Federal Reserve. The path ahead remains bumpy amid surging Indian Covid cases and OPEC’s plan to bring back supply. Via DailyFX - Market News https://ift.tt/32vveVH

*Australia Export Prices +11.2% On Quarter In Q1; Import Prices +0.2%

Australia Export Prices +11.2% On Quarter In Q1; Import Prices +0.2%

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

source http://www.mt5.com/forex_news/quickview/2175822/

Gold Price Forecast: XAU/USD Aims Higher as Fed Downplays Early Balance Sheet Taper

Gold prices are gaining following the April Fed interest rate decision where the central bank calmed expectations for a balance sheet taper. US PCE data will provide data to help forecast the Fed's... Via DailyFX - Market News https://ift.tt/32vveVH

New Zealand Posts NZ$33 Million Trade Surplus In March

New Zealand had a merchandise trade surplus of NZ$33 million in March, Statistics New Zealand said on Thursday.

That follows the upwardly revised NZ$201 million surplus in February (originally NZ$181 million).

Exports came in at NZ$5.68 billion, up from the upwardly revised NZ$4.5 billion in the previous month (originally NZ$4.47 billion).

The main driver was an NZ$87 million fall in preparations of milk, cereals, flour, and starch (mostly infant formula), with the fall led by China (NZ$45 million).

Meat exports were also down, falling by NZ$73 million to NZ$927 million, after a record month last year.

Imports were worth NZ$5.65 billion in March, up from the upwardly revised NZ$4.3 billion a month earlier (originally NZ$4.29 billion).

The increase in imports was driven by a range of commodities, with large movements in vehicles, parts, and accessories (up NZ$190 million), mechanical machinery and equipment (up NZ$127 million), textiles and textile articles (up NZ$125 million), and electrical machinery and equipment (up NZ$115 million).

The value of crude oil imports was NZ$72 million, down NZ$399 million from the same period last year.

On a yearly basis, exports were down 2.3 percent and imports climbed 11.0 percent.

For the first quarter of 2021, exports fell 2.5 percent on quarter (NZ$367 million) to NZ$14.5 billion, following a 0.2 percent rise in the December 2021 quarter.

Imports rose 7.5 percent on quarter (NZ$1.1 billion) to NZ$15.6 billion, following a 4.7 percent rise in the December 2021 quarter.

The quarterly trade balance was a deficit of NZ$1.1 billion.

On a yearly basis, goods exports were valued at NZ$58.9 billion, down NZ$1.7 billion (2.8 percent) from the previous year.

Goods imports were valued at NZ$57.3 billion, down NZ$6.8 billion (11 percent) from the previous year.

The annual goods trade balance was a surplus of NZ$1.7 billion. In the year ended March 2020, there was a deficit of NZ$3.4 billion.

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

source http://www.mt5.com/forex_news/quickview/2175821/

New Zealand Has NZ$33 Million Trade Surplus In March

New Zealand posted a merchandise trade surplus of NZ$33 million in March, Statistics New Zealand said on Thursday.

That follows the upwardly revised NZ$201 million surplus in February (originally NZ$181 million).

Exports came in at NZ$5.68 billion, up from the upwardly revised NZ$4.5 billion in the previous month (originally NZ$4.47 billion).

Imports were worth NZ$5.65 billion in March, up from the upwardly revised NZ$4.3 billion a month earlier (originally NZ$4.29 billion).

On a yearly basis, exports were down 2.3 percent and imports climbed 11.0 percent.

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

source http://www.mt5.com/forex_news/quickview/2175820/

*New Zealand Imports NZ$5.65 Billion In March; Exports NS$5.68 Billion

New Zealand Imports NZ$5.65 Billion In March; Exports NS$5.68 Billion

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

source http://www.mt5.com/forex_news/quickview/2175819/

*New Zealand Trade Surplus NZ$33 Million In March

New Zealand Trade Surplus NZ$33 Million In March

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

source http://www.mt5.com/forex_news/quickview/2175818/

New Zealand Trade Data Due On Thursday

New Zealand will on Thursday release Mach numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In February, imports were worth NZ$4.29 billion and exports were at NZ$4.47 billion for a trade surplus of NZ$181 million.

Australia will provide Q1 figures for import and export prices; in the previous three months, import prices were down 1.0 percent on quarter and export prices rose 5.5 percent on quarter.

Singapore will see March data for import, export and producer prices and Q1 figures for unemployment. In February, import prices were up 0.8 percent on year, export prices were down 1.9 percent and producer prices fell 0.7 percent. The jobless rate was 3.2 percent in the fourth quarter of 2020.

Finally, the markets in Japan and Malaysia are closed on Thursday, for Showa Day and Nuzul Al'Quran, respectively.

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

source http://www.mt5.com/forex_news/quickview/2175817/

*South Korea Business Confidence Index 96.0 In April Vs. 89.0 In March - BoK

South Korea Business Confidence Index 96.0 In April Vs. 89.0 In March - BoK

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

source http://www.mt5.com/forex_news/quickview/2175816/

Dogecoin Spikes on Musk, Cuban Tweets, Bitcoin Struggles Post-FOMC

Dogecoin prices spiked higher on the back of a flurry of tweets from Elon Musk and Mark Cuban, while Bitcoin prices remain at risk of a more extensive correction lower post-FOMC meeting. Via DailyFX - Market News https://ift.tt/32vveVH

Dow Jones Down Despite Fed and Earnings Support, Biden Eyed

The Dow fell alongside the Nasdaq and the S&P 500 as US stocks failed to capitalize despite support from a dovish Fed and firm earnings reports. A speech from US President Biden is now in focus. Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Loses Ground After Fed Policy Statement

The U.S. dollar slid against other major currencies after the Federal Reserve announced its monetary policy statement Wednesday afternoon.

The dollar index, which was up at 91.13 in early Asian session, fell into the red around mid morning, and despite moving up after a near two-hour struggle, dropped again after the Fed left interest rates unchanged.

The dollar index, was lost seen at 90.60, down 0.33% from previous close.

Against the Euro, the dollar weakened to $1.2126, sliding from $1.2096.

The Pound Sterling strengthened against the greenback, fetching $1.3939 a unit, up from $1.3910 Tuesday evening.

The Yen gained marginally, firming up to 108.60, but not before easing to 109.04 in the Asian session.

Citing progress on Covid vaccinations and strong policy support, the Federal Reserve on Wednesday upgraded its assessment of the U.S. economy but maintained its ultra-easy monetary policy as widely expected.

The Fed once again kept the target range for the federal funds rate at 0 to 0.25%, and reiterated that it expects rates to remain at near-zero levels until labor market conditions have reached levels consistent with its assessments of maximum employment and inflation is on track to moderately exceed 2% for some time. A statement from the Fed noted indicators of economic activity and employment have "strengthened," which reflects a modest upgrade from last month, when the central bank said the indicators have "turned up recently."

After previously saying inflation continues to run below 2%, the Fed now acknowledges that inflation has risen but largely attributed the increase to "transitory factors."

The statement from the central bank also said risks to the economic outlook remain due to the ongoing public health crisis, although that reflects an improvement from last month, when the Fed cited "considerable risks to the economic outlook."

The central bank also said it plans to continue its bond purchases at a rate of at least $120 billion per month until "substantial further progress" has been made toward its goals of maximum employment and price stability.

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source http://www.mt5.com/forex_news/quickview/2175815/

Ford Stock Sinks as Global Semiconductor Shortage Bites into Fiscal Year Outlook

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Treasuries Recover From Lows After Fed Announcement, Close Nearly Flat

Treasuries drifted lower over the course of the trading session on Wednesday but rebounded following the Federal Reserve's monetary policy announcement.

Bond prices climbed well off their lows of the session, ending the day nearly unchanged. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 1.620 percent after reaching a high of 1.659 percent.

The rebound by treasuries came after the Fed upgraded its assessment of the U.S. economy but maintained its ultra-easy monetary policy as widely expected.

Citing progress on vaccinations and strong policy support, the Fed noted indicators of economic activity and employment have "strengthened," which reflects a modest upgrade from last month, when the central bank said the indicators have "turned up recently."

The Fed also said the sectors most adversely affected by the coronavirus pandemic remain weak but have shown improvement.

After previously saying inflation continues to run below 2 percent, the Fed now acknowledges that inflation has risen but largely attributed the increase to "transitory factors."

The statement from the central bank also said risks to the economic outlook remain due to the ongoing public health crisis, although that reflects an improvement from last month, when the Fed cited "considerable risks to the economic outlook."

Despite the improvements mentioned in the statement, the Fed once again kept the target range for the federal funds rate at 0 to 1/4 percent.

The Fed also reiterated that it expects rates to remain at near-zero levels until labor market conditions have reached levels consistent with its assessments of maximum employment and inflation is on track to moderately exceed 2 percent for some time.

The central bank also said it plans to continue its bond purchases at a rate of at least $120 billion per month until "substantial further progress" has been made toward its goals of maximum employment and price stability.

Fed Chair Jerome Powell's subsequent comments indicating it will likely "take some time for substantial further progress to be achieved" seemed to assure traders the central bank is not likely to begin tapering its asset purchases anytime soon.

Paul Ashworth, Chief US Economist at Capital Economics, said there was nothing in the announcement to change his view that the Fed won't begin to taper its asset purchases until the start of next year and won't begin to raise interest rates until late 2023.

Trading on Thursday may continue to be impacted by reaction to the Fed announcement, although traders are also likely to keep an eye on the preliminary reading on first quarter GDP as well as reports on weekly jobless claims and pending home sales.

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source http://www.mt5.com/forex_news/quickview/2175814/

Crude Oil Futures Settle Notably Higher

Crude oil prices moved higher on Wednesday amid hopes energy demand will see an increase in the near future.

The decision of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, to stick to their plan of start raising production gradually from May, expecting demand for oil will pick up soon.

Data showing a much smaller than expected increase in U.S. crude inventories last week contributed as well to oil's uptick.

West Texas Intermediate Crude oil futures for June ended higher by $0.92 or about 1.5% at $63.86 a barrel, the highest closing level in six weeks.

Brent crude futures were up $0.68 or 1.03% at $66.55 a barrel a little while ago.

Data released by the Energy Information Administration (EIA) showed crude inventories in the U.S. rose by 90,000 barrels last week, much less than an expected increase of 659,000 barrels.

The EIA data also showed distillate stockpiles were down 3.342 million barrels last week, while gasoline inventories rose by 92,000 barrels.

The American Petroleum Institute (API) on Tuesday reported an extensive build in crude oil inventories of 4.32 million barrels for the week ending April 23, while analysts had expected a marginal draw in crude oil inventory amid an uptick in refinery demand.

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source http://www.mt5.com/forex_news/quickview/2175813/

Gold Futures Settle Lower, Move Up After Fed Leaves Rate Unchanged

Gold prices edged lower on Wednesday amid rising Treasury yields, and moved up slowly after the Federal Reserve announced its decision to hold its benchmark interest rate unchanged.

Benchmark U.S. 10-year Treasury yields jumped to their highest since April 13 and the dollar rose against its rivals, denting the appeal of the safe-haven asset.

The dollar index, which fell into negative territory after exhibiting strength earlier in the day, briefly emerged into positive territory ahead of Fed's rate decision, but slipped soon after the central bank announced it will hold rates unchanged.

The dollar index was down 0.14% at 90.78 a little while ago.

Gold futures for June ended down $4.90 or about 0.3% at $1,773.90 an ounce.

Silver futures for May ended lower by $0.325 at $26.085 an ounce, while Copper futures for July ended up by $0.0120 at $4.4975 per pound.

The Fed, which updated its assessment of the U.S. economy but maintained its ultra-easy monetary policy as widely expected. The bank left the target range for the federal funds rate at 0 to 0.25%.

After previously saying inflation continues to run below 2%, the Fed now acknowledges that inflation has risen but largely attributed the increase to "transitory factors."

The statement from the central bank also said risks to the economic outlook remain due to the ongoing public health crisis, although that reflects an improvement from last month, when the Fed cited "considerable risks to the economic outlook."

The central bank also said it plans to continue its bond purchases at a rate of at least $120 billion per month until "substantial further progress" has been made toward its goals of maximum employment and price stability.

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

source http://www.mt5.com/forex_news/quickview/2175812/

European Economics Preview: German Consumer Sentiment Data Due

Consumer confidence from Germany and France are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, German GfK consumer sentiment survey results are due. The confidence index is forecast to rise to -3.5 in May from -6.2 in April.

In the meantime, retail sales and household consumption figures are due from Norway.

At 2.45 am ET, France's Insee is scheduled to release consumer confidence survey data. Economists forecast the sentiment indicator to drop marginally to 93 in April from 94 in March.

At 3.30 am ET, Statistics Sweden publishes retail sales data for March. Sales had increased 0.7 percent on month in February.

At 4.00 am ET, Austria's manufacturing PMI data for April is due.

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source http://www.mt5.com/forex_news/quickview/2175761/

*Malaysia Mar Producer Prices +6.7% On Year Vs. +2.7% In February

Malaysia Mar Producer Prices +6.7% On Year Vs. +2.7% In February

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source http://www.mt5.com/forex_news/quickview/2175760/

*Malaysia Mar Imports Up 19.2% On Year, Consensus +18.0%

Malaysia Mar Imports Up 19.2% On Year, Consensus +18.0%

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source http://www.mt5.com/forex_news/quickview/2175759/

*Malaysia Mar Exports Up 31.0% On Year, Consensus +22.9%

Malaysia Mar Exports Up 31.0% On Year, Consensus +22.9%

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source http://www.mt5.com/forex_news/quickview/2175758/

European Equities Technical Outlook: FTSE 100, IBEX 35, CAC 40

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GBP Q2 2021 Technical Forecast

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British Pound (GBP) Outlook Positive as GBP/USD Shrugs Off UK Political Turmoil

GBP/USD has held its ground over the last few days, suggesting underlying strength given a series of claims and counter-claims about Boris Johnson’s ‘competence and integrity’. Via DailyFX - Market News https://ift.tt/32vveVH

Canadian Dollar Forecast: Oil Prices, Covid-19 Infections May Weigh on CAD

Stagnating crude oil prices and a flurry of coronavirus restrictions in several Canadian provinces may weigh on the Canadian Dollar against its major counterparts. Via DailyFX - Market News https://ift.tt/32vveVH

Australia Q1 Inflation +0.6% On Quarter, +1.1% On Year

Consumer prices in Australia were up 0.6 percent on quarter in the first quarter of 2021, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for 0.9 percent, which would have been unchanged from the three months prior.

On a yearly basis, inflation gained 1.1 percent - also missing forecasts for 1.4 percent but still up from 0.9 percent in the previous three months.

The Reserve Bank of Australia's trimmed mean was up 0.3 percent on quarter and 1.1 percent on year - slowing from 0.4 percent on quarter and 1.2 percent on year in the previous quarter.

The RBA's weighted mean rose 0.4 percent on quarter and 1.3 percent on year, slowing from 0.5 percent on quarter and 1.4 percent on year in the previous three months.

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source http://www.mt5.com/forex_news/quickview/2175757/

Gold Prices Retreat Ahead of FOMC as Traders Eye Fed Tapering

Gold prices declined for a second day as Treasury yields and the US Dollar climbed. Traders are eyeing any signs of Fed tapering at Wednesday’s FOMC meeting as the economy gathers strength. Via DailyFX - Market News https://ift.tt/32vveVH

*Australia Inflation: RBA Trimmed Mean +0.3% On Quarter, +1.1% On Year In Q1

Australia Inflation: RBA Trimmed Mean +0.3% On Quarter, +1.1% On Year In Q1

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source http://www.mt5.com/forex_news/quickview/2175755/

*Australia Inflation: RBA Weighted Mean +0.4% On Quarter, +1.3% On Year In Q1

Australia Inflation: RBA Weighted Mean +0.4% On Quarter, +1.3% On Year In Q1

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source http://www.mt5.com/forex_news/quickview/2175756/

*Australia Overall Inflation +0.6% On Quarter, +1.1% On Year In Q1

Australia Overall Inflation +0.6% On Quarter, +1.1% On Year In Q1

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source http://www.mt5.com/forex_news/quickview/2175754/

Japan Retail Sales Climb 5.2% On Year In March

The value of retail sales in Japan was up 5/2 percent on year in March, the Ministry of Economy, Trade and Industry said on Wednesday - coming in at 13.498 trillion yen.

That beat expectations for an increase of 4.7 percent following the 1.5 percent decline in the previous month.

On a monthly basis, retail sales climbed 1.2 percent after advancing 3.1 percent in February.

For the first quarter of 2021, retail sales were up 0.5 percent on year and 0.4 percent on quarter at 37.228 trillion yen.

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source http://www.mt5.com/forex_news/quickview/2175753/

*Japan Retail Sales +5.2% On Year, +1.2% On Month In March

Japan Retail Sales +5.2% On Year, +1.2% On Month In March

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source http://www.mt5.com/forex_news/quickview/2175752/

Crude Oil Prices Fall on Large Stockpiles Build, OPEC+ Honors Output Cuts

An extensive build in crude inventories sent oil prices lower on Wednesday. OPEC+ scrapped Wednesday’s meeting as oil ministers decided to stick to production cuts agreed at the previous meeting. Via DailyFX - Market News https://ift.tt/32vveVH

Australia Inflation Data Due On Wednesday

Australia will on Wednesday release Q1 numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.

Inflation is expected to rise 0.9 percent on quarter and 1.4 percent on year after gaining 0.9 percent both on quarter and on year in the previous three months.

The Reserve Bank of Australia's trimmed mean is called higher by 0.5 percent on quarter and 1.2 percent on year, while the weighted median is expected to rise 0.5 percent on quarter and 1.3 percent on year.

Japan will see March figures for retail sales, with forecasts suggesting an increase of 4.7 percent on year following the 1.5 percent drop in February.

Thailand will provide March numbers for industrial production, with forecasts suggesting an increase of 2.59 percent on year following the 1.08 percent decline in February.

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source http://www.mt5.com/forex_news/quickview/2175751/

Australian Dollar Forecast: AUD/USD Sinks on Weak CPI Figures, Where Next?

The Australian Dollar sank following a weaker-than-expected local CPI print, casting doubt on a less dovish RBA in the months ahead. Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Gains Some Ground Against Peers Ahead Of Fed Policy

The U.S. dollar exhibited strength against other major currencies on Tuesday after U.S. Treasury yields rose ahead of the Federal Reserve's monetary policy announcement, due on Wednesday.

The Fed is widely expected to maintain its ultra-easy monetary policy, but traders will be paying close attention to any changes to the accompanying statement that may signal a shift in the near future.

The Fed had pledged to keep borrowing costs unchanged until the economy reaches full employment and inflation attains 2% target.

A report from the Conference Board today showed U.S. consumer confidence reached its highest level since February of 2020 in the month of April.

The Conference Board said its consumer confidence index jumped to 121.7 in April after spiking to a revised 109.0 in March. Economists had expected the consumer confidence index to rise to 112.0 from the 109.7 originally reported for the previous month.

The dollar index, which rose to 91.07 in the Asian session, pared some gains as the day progressed and was last seen at 90.90, up 0.11% from previous close.

Against the Euro, the dollar was little changed a little while ago, at $1.2089, after having firmed up to $1.2057 in the Asian session.

The Pound Sterling was up marginally, fetching $1.3904 a unit, compared to $1.3901 on Monday.

The Yen weakened to 108.77 a dollar, giving up more than 0.6%.

With the AUD-USD trading at 0.7769, the greenback was gaining about 0.4%.

The Swiss franc firmed up to 0.9143, gaining from 0.9172, while the Loonie was down marginally at 1.2401 a dollar.

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source http://www.mt5.com/forex_news/quickview/2175750/

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Treasuries Move To The Downside Ahead Of Fed Announcement

After ending the previous session nearly flat, treasuries moved to the downside over the course of the trading day on Tuesday.

Bond prices moved steadily lower as the day progressed before closing firmly negative. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 5.2 basis points to 1.622 percent.

The weakness among treasuries came as traders looked ahead to the Federal Reserve's monetary policy announcement on Wednesday.

The Fed is widely expected to maintain its ultra-easy monetary policy, but traders will be paying close attention to any changes to the accompanying statement that may signal a shift in the near future.

A report from the Conference Board showing consumer confidence reached its highest level since February of 2020 in the month of April may have reduced the appeal of safe havens like bonds.

The Conference Board said its consumer confidence index jumped to 121.7 in April after spiking to a revised 109.0 in March.

Economists had expected the consumer confidence index to rise to 112.0 from the 109.7 originally reported for the previous month.

Meanwhile, the Treasury Department revealed that this month's auction of $62 billion worth of seven-year notes attracted average demand.

The seven-year note auction drew a high yield of 1.306 percent and a bid-to-cover ratio of 2.31, while the ten previous seven-year note auctions had an average bid-to-cover ratio of 2.33.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

Looking ahead, the Fed's monetary policy announcement is likely to be in focus on Wednesday amid an otherwise quiet day on the U.S. economic front.

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

source http://www.mt5.com/forex_news/quickview/2175749/

Crude Oil Futures Settle Sharply Higher

Crude oil prices moved higher as the decision of the Organization of the Petroleum Exporting Countries (OPEC) and its allies to gradually increase oil output helped offset concerns about energy demand.

West Texas Intermediate Crude oil futures for June ended higher by $1.03 or about 1.7% at $62.94 a barrel.

Brent crude futures moved up 1.17% to settle at $66.42 a barrel today.

The OPEC and ita allies led by Russia, together known as OPEC+ today decided to stick to their plan of gradually raising oil production from May. The cartel advanced their meeting, which had been originally scheduled to take place on Wednesday.

On Monday, the OPEC+ kept its forecast for global oil demand growth for this year unchanged, projecting it to rise by 6 million barrels per day (bpd) for 2021 after the biggest ever fall of 9.5 million bpd due to the pandemic.

Traders are looking ahead to weekly inventory reports from the American Petroleum Institute (API) and U.S. Energy Information Administration (EIA). The API's report is due later today, while EIA will release its inventory data Wednesday morning.

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source http://www.mt5.com/forex_news/quickview/2175748/

Gold Futures Settle Modestly Lower

Gold futures ended modestly lower on Tuesday after moving in a very narrow band as traders looked ahead to the U.S. Federal Reserve's monetary policy announcement, due on Wednesday.

A slightly stronger dollar weighed on gold prices. The dollar index, which retreated to 90.81 after advancing to 91.07, recovered to 90.90 subsequently, posting a gain of about 0.1%.

Yields on bonds rose ahead of a $62 billion auction of 7-year notes later today.

Gold futures for June ended down $1.50 or about 0.1% at $1,778.80 an ounce.

Silver futures for May ended lower by $0.201 at $26.410 an ounce, while Copper futures for May settled at $4.4880 per pound, up $0.0470 from previous close.

No major policy changes are expected from the Fed's two-day policy meeting ending on Wednesday, with investors likely to pay close attention to Chair Jerome Powell's comments after the meeting.

A report from the Conference Board today showed U.S. consumer confidence reached its highest level since February of 2020 in the month of April.

The Conference Board said its consumer confidence index jumped to 121.7 in April after spiking to a revised 109.0 in March. Economists had expected the consumer confidence index to rise to 112.0 from the 109.7 originally reported for the previous month.

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

source http://www.mt5.com/forex_news/quickview/2175747/

European Economics Preview: Italy's Business Confidence Data Due

Business and consumer confidence data from Italy is due on Tuesday, headlining a light day for the European economic news.

At 3.30 am ET, Sweden's central bank is set to announce its interest rate decision. The bank is expected to hold its key rate at zero percent.

In the meantime, producer prices, foreign trade and unemployment figures are due from Statistics Sweden.

At 4.00 am ET, Italy's Istat releases business and consumer confidence survey results. The business confidence index is forecast to rise to 102.5 in April from 101.2 in March. The consumer sentiment index is seen at 102.0 versus 100.9 a month ago.

At 6.00 am ET, the Confederation of British Industry releases UK Distributive Trades survey results. The retail sales balance is seen at -5 percent in April versus -45 percent in March.

At 8.00 am ET, Hungary's central bank rate decision is due. Economists expect the bank to hold its key rate at 0.60 percent.

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source http://www.mt5.com/forex_news/quickview/2175709/

*China Mar Industrial Profits Up 92.3% On Year

China Mar Industrial Profits Up 92.3% On Year

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source http://www.mt5.com/forex_news/quickview/2175708/

BoJ Retains Monetary Stimulus; Trims Near-Term Inflation Forecast

The Bank of Japan maintained its monetary stimulus unchanged, as widely expected, after tweaking its policy at the March meeting.

The bank downgraded its near-term inflation forecast and raised its growth projections despite the restrictions related to COVID-19 pandemic.

The board, governed by Haruhiko Kuroda, on Tuesday, voted 8-1 to hold the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank.

The bank will continue to purchase a necessary amount of Japanese government bonds without setting an upper limit so that 10-year JGB yields will remain at around zero percent.

According to the quarterly Outlook for Economic Activity and Prices report, the economy will recover, with the impact of the novel coronavirus waning gradually and supported by an increase in external demand, accommodative financial conditions, and the government's economic measures.

For the fiscal 2021, the bank expects 4 percent real growth instead of 3.9 percent estimated in January.

Citing stronger domestic and external demand, the growth projection for the fiscal 2022 was raised to 2.4 percent from 1.8 percent. Thereafter, growth is seen easing to 1.3 percent in the fiscal 2023.

Inflation is expected to turn positive thereafter and increase gradually, mainly on the back of economic activity continuing to improve and the effects of the reduction in mobile phone charges dissipating. However, the 2 percent inflation target is unlikely to achieve before the fiscal 2023.

The bank lowered its inflation forecast for the fiscal 2021 to 0.1 percent from 0.5 percent but lifted its outlook for the fiscal 2022 to 0.8 percent from 0.7 percent. Consumer prices are forecast to rise 1 percent in the fiscal 2023.

The bank said it will not hesitate to take additional easing measures if necessary, and also it expects short- and long-term policy interest rates to remain at their present or lower levels.

With the slow vaccine rollout set to gather pace over the coming months, activity should start to recover again before long, lowering the need for additional stimulus, Marcel Thieliant, an economist at Capital Economics, said.

The economist expects the BoJ to keep both its short-term policy rate as well as the target for 10-year government bond yields unchanged for the foreseeable future.

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source http://www.mt5.com/forex_news/quickview/2175707/

Gold Price Outlook - Potential Breakout Looming as Fed, US Data Prints and Tech Company Results Collide

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*BoJ Forecasts Consumer Prices To Rise 0.1% In FY 2021

BoJ Forecasts Consumer Prices To Rise 0.1% In FY 2021

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source http://www.mt5.com/forex_news/quickview/2175706/

*BoJ Expects GDP To Grow 4% In FY 2021

BoJ Expects GDP To Grow 4% In FY 2021

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source http://www.mt5.com/forex_news/quickview/2175705/

*BoJ Maintains Monetary Policy

BoJ Maintains Monetary Policy

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*BoJ Holds Policy Balance Rate At -0.1%

BoJ Holds Policy Balance Rate At -0.1%

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source http://www.mt5.com/forex_news/quickview/2175704/

Crude Oil Price Outlook: Upside Risk as OPEC+ Meets to Discuss Output

OPEC and its allies meet this week to reconsider their plan to ease production curbs from May 1; the risk is that the plan is put on hold due to concerns about demand, particularly from India. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Prices May Fall as Chart Setup Warns of Topping Before FOMC

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British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher

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South Korea GDP Expands 1.6% On Quarter In Q1

South Korea's gross domestic product gained a seasonally adjusted 1.6 percent on quarter in the first quarter of 2021, the Bank of Korea said in Tuesday's advance estimate.

That beat forecasts for an increase of 1.0 percent following the 1.2 percent gain in the previous three months.

Real gross domestic income GDI increased by 1.8 percent on quarter.

On the expenditure side, private consumption rose by 1.1 percent as expenditures on durable goods (motor vehicles, home appliances) and non-durable goods (food) increased.

Government consumption climbed 1.7 percent, mainly due to increased expenditures on goods.

Construction investment rose by 0.4 percent, as building construction increased. Facilities investment jumped 6.6 percent, led by the growth of investment in machinery and transportation equipment.

Exports advanced 1.9 percent, as exports of goods such as motor vehicles and mobile phones expanded. Imports were up 2.4 percent, owing to increased imports of machinery and equipment and basic metal products.

On the production side, agriculture, forestry and fishing production jumped 6.5 percent, mainly due to increased crop yields.

Manufacturing rose by 2.8 percent, mainly due to increases in computer, electronic and optical products, machinery and equipment, and transportation equipment.

Electricity, gas and water supply advanced 6.2 percent, due to an increase in electricity.

Construction increased by 0.4 percent, owing to an increase in building construction. Services grew by 0.8 percent, led by accommodation and food services and finance and insurance.

On a yearly basis, GDP picked up 1.8 percent - again exceeding expectations for an increase of 1.1 percent following the 1.2 percent contraction in the three months prior.

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source http://www.mt5.com/forex_news/quickview/2175702/

Introduction to Basic Trendline Analysis

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*South Korea GDP +1.6% On Quarter, +1.8% On Year In Q1

South Korea GDP +1.6% On Quarter, +1.8% On Year In Q1

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

source http://www.mt5.com/forex_news/quickview/2175701/

Japanese Yen Forecast: Dovish BoJ, Covid-19 Lockdowns to Keep JPY on Backfoot

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AUD/USD Analysis: Struggling at 0.78 Despite Chinese Industrial Profits Surge

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Bank Of Japan Interest Rate Due On Tuesday

The Bank of Japan will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate at -0.1 percent.

South Korea will provide an advance estimate for Q1 gross domestic product, with forecasts suggesting an increase of 1.0 percent on quarter and 1.1 percent on year. That follows the 1.2 percent quarterly increase and the 1.2 percent contraction in the previous three months.

China will see March data for industrial profits; in February, profits skyrocketed an annual 178.9 percent.

Hong Kong will release March figures for imports, exports and trade balance. In February, imports were up 17.6 percent on year and exports surged an annual 30.4 percent for a trade deficit of HKD14.7 billion.

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

source http://www.mt5.com/forex_news/quickview/2175700/

U.S. Dollar Retreats After Modest Rebound From Recent Losses

The U.S. Dollar recovered after early weakness on Monday, but faltered shed some ground against other major currencies, with traders looking ahead to the Federal Reserve's monetary policy announcement, due on Wednesday.

The dollar's weakness was due to expectations that Fed Chair Jerome Powell will stick to the stance of super-easy monetary policy.

a report released by the Commerce Department showed new orders for U.S. manufactured durable goods increased by much less than expected in the month of March.

The Commerce Department said durable goods orders rose by 0.5% in March after falling by a revised 0.9% in February. Economists had expected durable goods orders to spike by 2.5% compared to the 1.2% slump that had been reported for the previous month.

Data on consumer confidence, personal income and spending, and the preliminary reading on first quarter GDP are due later in the week.

The dollar index, which rallied from an eight-week low of 90.68 to 90.99, was last seen at 90.84, down slightly from previous close.

Against the Euro, the dollar was up marginally at $1.2091.

Against Pound Sterling, the dollar weakened to $1.3904, sliding from $1.3881.

The Yen fell to 108.10 a dollar, losing about 0.2%.

The Aussie was stronger with the AUD-USD pair moving on to 0.7802 from 0.7739.

The Swiss franc was slightly weak at 0.9143, while the Loonie was firmer at C$1.2395 a dollar.

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

source http://www.mt5.com/forex_news/quickview/2175699/

S&P 500 Index Hits a Fresh Record, Nikkei 225 and ASX 200 Open Flat

The S&P 500 index hit a fresh record amid strong earnings. Tesla dropped during after-hours trading despite upbeat profits in Q1. Asia-Pacific markets are poised for a mixed start on Tuesday. Via DailyFX - Market News https://ift.tt/32vveVH

Treasuries Close Nearly Unchanged After Recovering From Initial Weakness

After recovering from an initial move to the downside, treasuries showed a lack of direction over the course of the trading day on Monday.

Bond prices spent most of the session lingering near the unchanged line before closing roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 1.570 percent.

The choppy trading on the day came as traders seemed reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement on Wednesday.

The Fed is widely expected to maintain its ultra-easy monetary policy, but traders will be paying close attention to any changes to the accompanying statement that may signal a shift in the near future.

In U.S. economic news, a report released by the Commerce Department showed new orders for U.S. manufactured durable goods increased by much less than expected in the month of March.

The Commerce Department said durable goods orders rose by 0.5 percent in March after falling by a revised 0.9 percent in February.

Economists had expected durable goods orders to spike by 2.5 percent compared to the 1.2 percent slump that had been reported for the previous month.

The much weaker than expected durable goods orders growth was partly due to a continued decrease in orders for transportation equipment.

Excluding the drop in orders for transportation equipment, durable goods orders jumped by 1.6 percent in March after dipping by 0.3 percent in February. The increase matched economist estimates.

Meanwhile, traders largely shrugged off the results of the Treasury Department's auctions of two-year and five-year notes, which attracted below average demand.

Trading activity may remain light on Tuesday as the Fed announcement looms, although reports on home prices and consumer confidence may attract some attention.

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

source http://www.mt5.com/forex_news/quickview/2175698/

SPACs Continue to Shine as Super Group Holding Co. Prepares to Go Public

Super Group, the parent company of Betway and Spin, is set to trade on the NYSE following a $4.75 billion merger with Sports Entertainment Acquisition Corp. Via DailyFX - Market News https://ift.tt/32vveVH

Crude Oil Futures Settle Lower On Demand Worries

Crude oil prices drifted lower on Monday amid continues worries about outlook for energy demand due to rising coronavirus cases in India.

However, the downside was limited on reports the Organization of the Petroleum Exporting Countries (OPEC) and its allies are likely to delay their plans to any significantly increase crude output for now.

West Texas Intermediate Crude oil futures for June ended lower by $0.23 or about 0.4% at $61.91 a barrel.

India reported a record number of Covid-19 cases for the fifth straight day on Monday and the official death toll also jumped, plunging the country into a humanitarian crisis.

Rising virus cases in India and restrictions to limit the spread will slash fuel demand, analysts said as countries including Britain, Germany and the United States pledged to send urgent medical aid to help battle the crisis overwhelming its hospitals.

Consultancy FGE expects gasoline demand in India to slip by 100,000 barrels per day (bpd) in April and by more than 170,000 bpd in May. India's total gasoline sales came to nearly 747,000 bpd in March. Diesel demand is expected to slump by 220,000 bpd in April and by another 400,000 bpd in May.

In Japan, a third state of emergency for Tokyo and three western prefectures began on Sunday, affecting nearly a quarter of the population.

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

source http://www.mt5.com/forex_news/quickview/2175697/

Gold Futures Settle Slightly Higher

Gold prices moved higher on Monday, recovering a bit from recent losses, as traders looked ahead to the upcoming monetary policy announcement from the Federal Reserve, due on Wednesday.

The dollar's weakness amid speculation that Fed Chair Jerome Powell will stick to the stance of super-easy monetary policy.

The dollar index slid to a low of 90.68, but recovered subsequently to 90.84, cutting down its loss to just 0.02%.

Gold futures for June ended higher by $2.30 or about 0.1% at $1,780.10 an ounce.

Silver futures for May closed up by $0.134 at $26.209 an ounce, while Copper futures for May settled at $4.4410 per pound, gaining $0.1050.

In economic releases, a report released by the Commerce Department showed new orders for U.S. manufactured durable goods increased by much less than expected in the month of March.

The Commerce Department said durable goods orders rose by 0.5% in March after falling by a revised 0.9% in February. Economists had expected durable goods orders to spike by 2.5% compared to the 1.2% slump that had been reported for the previous month.

Data on consumer confidence, personal income and spending, and the preliminary reading on first quarter GDP are due later in the week.

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

source http://www.mt5.com/forex_news/quickview/2175696/

*Turkey Apr S.A Capacity Utilization 76.2 Vs. 75.6 In February

Turkey Apr S.A Capacity Utilization 76.2 Vs. 75.6 In February

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

source http://www.mt5.com/forex_news/quickview/2175668/

*Spain Mar Producer Prices Up 2.5% On Month Vs. -1.7% In February

Spain Mar Producer Prices Up 2.5% On Month Vs. -1.7% In February

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

source http://www.mt5.com/forex_news/quickview/2175666/

*Czech Apr Consumer Confidence 93.9 Vs. 84.0 In March

Czech Apr Consumer Confidence 93.9 Vs. 84.0 In March

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

source http://www.mt5.com/forex_news/quickview/2175667/

*Spain Mar PPI Rises 6.3% On Year Vs. +0.6% In February

Spain Mar PPI Rises 6.3% On Year Vs. +0.6% In February

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

source http://www.mt5.com/forex_news/quickview/2175665/

British Pound (GBP) Outlook - Positve Sentiment Pushing GBP/USD Higher

A bullish economic report by BoE dep gov Broadbent is helping Sterling move higher with GBP/USD edging back towards 1.4000 Via DailyFX - Market News https://ift.tt/32vveVH

Japan Leading Index Rises Less Than Estimated

Japan's leading index increased less than estimated in February, final data from the Cabinet Office showed on Monday.

The leading index, which measures the future economic activity, grew to 98.7 in February from 98.5 in January. In the initial estimate, the reading was 99.7.

The coincident index decreased to 89.9 in February from 90.3 in the previous month. According to the initial estimate, the reading was 89.0.

The lagging index rose to 91.6 in February versus 91.6 in the initial estimate. In January, the score was 91.4.

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

source http://www.mt5.com/forex_news/quickview/2175664/

Japan Services PPI Rises For First Time In 6 Months

Japan's services producer prices increased for the first time in six months in March, the Bank of Japan said on Monday.

The services producer price index gained 0.7 percent annually after staying flat in February. This was the first growth since September 2020.

On a monthly basis, the services PPI advanced 0.7 percent in March, faster than the 0.2 percent increase posted in February.

Excluding international transportation, the services PPI climbed 0.6 percent on year following a nil growth a month ago. On month, prices rose by 0.7 percent.

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

source http://www.mt5.com/forex_news/quickview/2175663/

*Finland Mar Producer Prices +6.7% On Year Vs. +2.0% In February

Finland Mar Producer Prices +6.7% On Year Vs. +2.0% In February

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

source http://www.mt5.com/forex_news/quickview/2175661/

*Finland Mar Producer Prices +1.4% On Month Vs. +1.7% In February

Finland Mar Producer Prices +1.4% On Month Vs. +1.7% In February

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

source http://www.mt5.com/forex_news/quickview/2175662/

*Singapore Mar Industrial Production -3.2% On Month Vs. +0.2% In Feb, Consensus +2.2%

Singapore Mar Industrial Production -3.2% On Month Vs. +0.2% In Feb, Consensus +2.2%

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

source http://www.mt5.com/forex_news/quickview/2175660/

*Singapore Mar Industrial Production +7.6% On Year Vs. +16.5% In Feb, Consensus +3.0%

Singapore Mar Industrial Production +7.6% On Year Vs. +16.5% In Feb, Consensus +3.0%

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

source http://www.mt5.com/forex_news/quickview/2175659/

*Japan Feb Lagging Index 91.2 Vs. 91.3 In January

Japan Feb Lagging Index 91.2 Vs. 91.3 In January

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

source http://www.mt5.com/forex_news/quickview/2175658/

*Japan Feb Coincident Index 89.9 Vs. 91.7 In January

Japan Feb Coincident Index 89.9 Vs. 91.7 In January

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

source http://www.mt5.com/forex_news/quickview/2175657/

*Japan Feb Leading Index 98.7 Vs. 98.1 In January

Japan Feb Leading Index 98.7 Vs. 98.1 In January

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

source http://www.mt5.com/forex_news/quickview/2175656/

European Economics Preview: German Ifo Business Confidence Due

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

At 2.00 am ET, Statistics Finland publishes producer price data for March.

At 3.00 am ET, Spain's INE releases producer prices data for March. Producer prices had climbed 0.8 percent annually in February. In the meantime, Czech business and consumer sentiment survey results are due.

At 4.00 am ET, Germany's ifo business confidence survey results are due for April. Economists forecast the business climate index to rise to 97.8 from 96.6 in March.

Poland's unemployment figures are also due at 4.00 am ET. The jobless rate is seen at 6.4 percent in March versus 6.5 percent in February.

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

source http://www.mt5.com/forex_news/quickview/2175655/

Euro Outlook - EUR/USD Mixed as German Ifo Misses Market Expectations

The latest German Ifo release missed market forecasts earlier and this is likely to temper any further EUR/USD gains in what is expected to be a very busy week. Via DailyFX - Market News https://ift.tt/32vveVH

European Morning Forecast: DAX 30 Rally in Question, EUR/USD Swinging Higher

Bullish market conditions are still in play but recent gains look over-extended Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Price Forecast: DXY to Slide Lower Ahead of FOMC Rate Decision

The Federal Reserve’s dovish stance may counterbalance a series of robust economic data prints and limit the US Dollar’s upside against its major counterparts. Via DailyFX - Market News https://ift.tt/32vveVH

Crude Oil Prices Down on Asian Demand Concerns Amid Viral Resurgence

Crude oil prices retreated slightly as viral resurgence in Japan and India clouded Asia’s energy demand outlook. This week’s OPEC+ meeting will be closely eyed by oil traders. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Prices Rebound as the USD Falls, Japan in State of Emergency Again

Gold prices rebounded modestly amid a weakening US Dollar. Japan declared a new state of emergency in Tokyo, Osaka and two other prefectures as Covid cases surged, buoying demand for safety. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Outlook: SGD, IDR, PHP, THB Eyeing Fed and US Fiscal Policy Impact

The US Dollar remains vulnerable to ASEAN currencies with the Fed on tap. Rising corporate and capital gains tax hike bets may pressure Treasury yields, boosting Emerging Market FX. Via DailyFX - Market News https://ift.tt/32vveVH

Japan Leading, Coincident Index Data Due On Monday

Japan will on Monday release final February figures for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity. Their previous readings were 98.5 and 90.3, respectively.

Singapore will provide March numbers for industrial production, with forecasts suggesting an increase of 2.2 percent on month and 3.0 percent on year. That follows the 1.6 percent monthly increase and the 16.4 percent annual spike in February.

Finally, the markets in New Zealand are closed on Monday for ANZAC Day and will reopen on Tuesday.

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

source http://www.mt5.com/forex_news/quickview/2175654/

Dow Jones, Hang Seng, ASX 200 Outlook: FAANG Results in Focus as Earning Season Peaks

Stocks on Wall Street closed broadly higher on Friday as investors anticipated strong earnings from FAANG companies this week. The Fed and BoJ interest rate decisions and Chinese PMI data will also... Via DailyFX - Market News https://ift.tt/32vveVH

USD/JPY May Rise at Trendline Support Following Bank of Japan Rate Decision

USD/JPY is testing trendline support following a third weekly loss. Yen traders will have their eyes on the upcoming Bank of Japan rate decision this week. Via DailyFX - Market News https://ift.tt/32vveVH

Markets Week Ahead: EUR/USD, Nasdaq, Gold, Fed, Earnings, GDP & Inflation

Markets look ripe for volatility next week. What are EUR/USD, Nasdaq, and gold traders watching out for with the Fed decision, equity earnings, and release of GDP and inflation data on deck?

Markets Week Ahead: EUR/USD, Nasdaq, Gold, Fed, Earnings, GDP & Inflation

Markets look ripe for volatility next week. What are EUR/USD, Nasdaq, and gold traders watching out for with the Fed decision, equity earnings, and release of GDP and inflation data on deck? Via DailyFX - Market News https://ift.tt/32vveVH

S&P 500 Forecast: Will Strong Earnings Shelter Stocks from Tax-Motivated Selling?

Strong Q1 earnings and upbeat economic data may shelter the US stock market from tax headwinds. Investors are eyeing FAANG results this week amid worsening pandemic situations elsewhere in the world.

S&P 500 Forecast: Will Strong Earnings Shelter Stocks from Tax-Motivated Selling?

Strong Q1 earnings and upbeat economic data may shelter the US stock market from tax headwinds. Investors are eyeing FAANG results this week amid worsening pandemic situations elsewhere in the world. Via DailyFX - Market News https://ift.tt/32vveVH

Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches. Via DailyFX - Market News https://ift.tt/32vveVH

Mexican Peso Weekly Forecast: USD/MXN Bears Remain in Control

The Mexican Peso holds its ground against the US Dollar despite slow vaccinations and a move away from risk.

Mexican Peso Weekly Forecast: USD/MXN Bears Remain in Control

The Mexican Peso holds its ground against the US Dollar despite slow vaccinations and a move away from risk. Via DailyFX - Market News https://ift.tt/32vveVH

Euro Forecast: EUR/USD Outlook Still Constructive After Break Above 1.20

Last week saw EUR/USD break above 1.20 for the first time since early March; now it will likely pause for breath before possibly strengthening further.

Euro Forecast: EUR/USD Outlook Still Constructive After Break Above 1.20

Last week saw EUR/USD break above 1.20 for the first time since early March; now it will likely pause for breath before possibly strengthening further. Via DailyFX - Market News https://ift.tt/32vveVH

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low

The Federal Reserve interest rate decision may keep the price of gold afloat as the central bank relies on its non-standard tools to achieve its policy targets.

Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low

The Federal Reserve interest rate decision may keep the price of gold afloat as the central bank relies on its non-standard tools to achieve its policy targets. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Forecast: Fed in Focus Amid Corporate and Capital Gains Tax Hike Bets

The US Dollar remains in a challenging environment as corporate and capital gains tax hike bets bring the Federal Reserve into the spotlight as the April meeting nears.

US Dollar Forecast: Fed in Focus Amid Corporate and Capital Gains Tax Hike Bets

The US Dollar remains in a challenging environment as corporate and capital gains tax hike bets bring the Federal Reserve into the spotlight as the April meeting nears. Via DailyFX - Market News https://ift.tt/32vveVH

Forex Vs. Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy. Via DailyFX - Market News https://ift.tt/32vveVH

Bitcoin (BTC), Ethereum (ETH) Crumble, Alt-Coins Hammered - Will Buyers Step Back In Again?

The cryptocurrency market took a sharp leg lower overnight, with the alt-coin space hit particularly hard. Is this the latest chance to buy cheaper stock?

Bitcoin (BTC), Ethereum (ETH) Crumble, Alt-Coins Hammered - Will Buyers Step Back In Again?

The cryptocurrency market took a sharp leg lower overnight, with the alt-coin space hit particularly hard. Is this the latest chance to buy cheaper stock? Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Slides Against Other Major Currencies

The U.S. dollar turned weak against other major currencies on Friday amid a drop in bond yields and upbeat euro zone economic data.

The dollar found some support after data showed a sharp surge in new home sales, and a marked improvement in activity in service and manufacturing sectors, but retreated subsequently.

Data released by the Commerce Department showed new home sales in U.S. skyrocketed by 20.7% to an annual rate of 1.021 million in March after plunging by 16.2% to a revised rate of 846,000 in February.

Economists had expected new home sales to spike by 14.3% to a rate of 886,000 from the 775,000 originally reported for the previous month. With the rebound, new home sales soared from the eight-month low set in February to their highest level since August of 2006.

The flash reading of the IHS Market US. composite purchasing managers index rose to a record high 62.2 in April from 59.7 in March, suggesting both the manufacturing and services sectors are recovering rapidly from the coronavirus pandemic.

The yield of 10-year Treasury Notes was somewhat static around 1.56%, falling nearly 0.2% from the previous week.

The dollar index dropped to 90.81, losing nearly 0.6% from previous close.

Against the Euro, the dollar weakened to 1.2096, sliding 0.65% from Thursday's close. The flash reading of the IHS Markit eurozone composite purchasing managers index rose to a nine-month high of 53.7 in April from 53.2 in March.

France's private sector returned to growth for the first time since August 2020, flash survey data from IHS Markit showed.

The Pound Sterling firmed up against the greenback, fetching $1.3884 a unit, compared with $1.3839 yesterday. The preliminary "flash" reading of the U.K. Composite Purchasing Managers' Index (PMI) rose to 60.0 in April, the highest reading since November 2013, from 56.4 in March.

Meanwhile, U.K. retail sales grew more than expected in March, rising 5.4% month-on-month, faster than the 2.2% increase in February. The forecast was for an increase of 1.5%.

The Yen was stronger at 107.88 a dollar, firming up from 107.97.

The AUD-USD, at 0.7749, was firmer, gaining from 0.7707. The manufacturing sector in Australia is continuing to expand in April, and at a faster pace, flash estimate from Markit Economics revealed on Friday with a survey record manufacturing PMI score of 59.6. That's up from 56.8 in March.

The Swiss franc, at 0.9137, was stronger, having firmed up from 0.9173, while the Loonie advanced to C$1.2477 a dollar, gaining from C$1.2507.

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

source http://www.mt5.com/forex_news/quickview/2175653/

Crude Oil Futures Settle Notably Higher

Crude oil prices moved higher on Friday, lifting the most active crude futures contract to a firm close for the day, although the contract posted a weekly loss due to weak outlook for energy demand.

The massive surge in coronavirus infections in India, and the Japanese government's decision to impose another lockdown in Tokyo and a few other cities raised concerns about outlook for energy demand.

However, amid buoyant demand for energy in the U.S., oil prices recovered well after early weakness today.

West Texas Intermediate Crude futures for June ended up by $0.71 or about 1.2% at $62.14 a barrel. WTI crude futures shed 1.7% in the week.

Brent Crude futures were up $0.76 or 1.16% at $66.16 a barrel a little while ago.

India reported a surge of over 330,000 new coronavirus cases on Thursday, the single largest surge since the pandemic started. Although the government is considering lockdown as a last resort, oil consumption is likely to drop significantly due to widespread restrictions on movements in several parts of the country.

Data from Baker Hughes said the total weekly active drilling-rig count in the U.S. was down 1 at 438 this week. The data also showed active oil-rig count dropped by 1 to 343 in the week.

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

source http://www.mt5.com/forex_news/quickview/2175652/

How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more... Via DailyFX - Market News https://ift.tt/32vveVH

Treasuries Close Modestly Lower Following Another Lackluster Session

Treasuries fluctuated over the course of the trading session on Friday before eventually ending the day modestly lower.

Bond prices bounced back and forth across the unchanged line in morning trading but settled in negative territory in the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inch up by 1.3 basis points to 1.567 percent.

The choppy trading on the day extended the lackluster performance seen in the previous session as traders digested reports President Joe Biden's plans to raise capital gains tax rates.

According to media outlets including Bloomberg News and the New York Times, Biden's so-called "American Families Plan" would raise the capital gains rate for those earning $1 million or more to 39.6 percent from 20 percent.

In U.S. economic news, the Commerce Department released a report showing a substantial rebound in new home sales in the month of March.

The report showed new home sales skyrocketed by 20.7 percent to an annual rate of 1.021 million in March after plunging by 16.2 percent to a revised rate of 846,000 in February.

Economists had expected new home sales to spike by 14.3 percent to a rate of 886,000 from the 775,000 originally reported for the previous month.

With the rebound, new home sales soared from the eight-month low set in February to their highest level since August of 2006.

The Federal Reserve's monetary policy announcement is likely to be in the spotlight next week, although the central bank is widely expected to maintain its ultra-easy monetary policy.

Traders are likely to pay close attention to any changes to the Fed's statement that may signal a shift in policy in the near future.

Reports on durable goods orders, consumer confidence and personal income and spending may also attract attention along with the preliminary reading on first quarter GDP.

Bond traders are also likely to keep an eye on the results of the Treasury Department's auctions of two-year, five-year and seven -year notes.

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

source http://www.mt5.com/forex_news/quickview/2175650/

Gold Futures Settle Lower

Gold prices drifted lower on Friday as rising bond yields amid a surge in new home sales in the U.S. dented demand for the safe-haven asset.

Gold prices advanced despite the dollar's weakness. The dollar index tumbled to 90.91, losing nearly 0.5%.

Gold futures for June ended down $4.20 or about 0.2% at $1,777.80 an ounce. Gold futures shed about 0.1% in the week.

Silver futures for May ended lower by $0.105 or 0.4% at $26.075 an ounce, while Copper futures for May ended higher by $0.0.630 or 1.5% at $4.3360 per pound.

Data released by the Commerce Department showed new home sales in U.S. skyrocketed by 20.7% to an annual rate of 1.021 million in March after plunging by 16.2% to a revised rate of 846,000 in February.

Economists had expected new home sales to spike by 14.3% to a rate of 886,000 from the 775,000 originally reported for the previous month. With the rebound, new home sales soared from the eight-month low set in February to their highest level since August of 2006.

The flash reading of the IHS Market US. composite purchasing managers index rose to a record high 62.2 in April from 59.7 in March, suggesting both the manufacturing and services sectors are recovering rapidly from the coronavirus pandemic.

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

source http://www.mt5.com/forex_news/quickview/2175651/

*Singapore Mar Inflation 1.3% Vs. 0.7% In Feb, Consensus 1.3%

Singapore Mar Inflation 1.3% Vs. 0.7% In Feb, Consensus 1.3%

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

source http://www.mt5.com/forex_news/quickview/2175591/

European Economics Preview: UK Flash PMI, Retail Sales, PSNB Data Due

Flash Purchasing Managers' survey results, retail sales and public sector finances from the UK are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finances. Retail sales are forecast to grow 1.5 percent on month in March, slower than the 2.1 percent rise seen in February. The budget deficit is seen at GBP 22.5 billion in March versus GBP 19.1 billion a month ago.

At 3.15 am ET, IHS Markit releases France flash Purchasing Managers' survey results. The composite PMI is forecast to drop to 48.8 in April from 50.0 in the previous month.

At 3.30 am ET, Germany's flash PMI data is due. Economists expect the composite indicator to fall to 56.8 from 57.3 a month ago.

At 4.00 am ET, IHS Markit publishes Eurozone flash PMI data. The flash composite index is forecast to drop to 52.8 in April from 53.2 in the previous month.

Half an hour later, UK Markit/CIPS flash PMI is due. Economists forecast the composite index to rise to 58.2 in April from 56.4 a month ago.

At 6.30 am ET, Russia's central bank announces its interest rate decision. The bank is seen raising its key rate to 4.75 percent from 4.50 percent.

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

source http://www.mt5.com/forex_news/quickview/2175590/

British Pound (GBP) - Positive UK Data Releases Should Stem Any Further GBP/USD Declines

A robust set of UK retail sales and PMI releases earlier today should bolster Sterling and prompt a push higher Via DailyFX - Market News https://ift.tt/32vveVH

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure. Via DailyFX - Market News https://ift.tt/32vveVH

*Malaysia March CPI Up 0.3% On Month

Malaysia March CPI Up 0.3% On Month

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

source http://www.mt5.com/forex_news/quickview/2175589/