*Japan Aug Consumer Confidence 36.7 Vs. 37.5 In July

Japan Aug Consumer Confidence 36.7 Vs. 37.5 In July

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

source http://www.mt5.com/forex_news/quickview/2181857/

*Japan Jul Annualized Housing Starts 926K Vs. 866K Last Month

Japan Jul Annualized Housing Starts 926K Vs. 866K Last Month

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

source http://www.mt5.com/forex_news/quickview/2181856/

*Japan Jul Housing Starts Up 9.9% On Year Vs. 7.3% In June, Consensus 4.8%

Japan Jul Housing Starts Up 9.9% On Year Vs. 7.3% In June, Consensus 4.8%

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

source http://www.mt5.com/forex_news/quickview/2181855/

*China Aug Official Manufacturing PMI 50.1 Vs. 50.4 In Jul, Consensus 50.2

China Aug Official Manufacturing PMI 50.1 Vs. 50.4 In Jul, Consensus 50.2

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

source http://www.mt5.com/forex_news/quickview/2181854/

*Dutch July Retail Sales +3.4% On Year Vs. +5.4% In June

Dutch July Retail Sales +3.4% On Year Vs. +5.4% In June

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

source http://www.mt5.com/forex_news/quickview/2181853/

Canadian Dollar Forecast: USD/CAD Breaking Lower and Testing Trend Support

The recent weakness in the US dollar and the pick-up in oil prices is pushing USD/CAD ever lower with a multi-month supportive trendline now under threat. Via DailyFX - Market News https://ift.tt/32vveVH

NZD/USD Jumps, Nikkei 225 Up on Japan Data Beat, Hang Seng Lower After China PMI Miss. USD Sidelined?

NZD higher as USD softens in Asia, while APAC equities reacted to local data after another record high on Wall Street. Will “risk on” continue? Via DailyFX - Market News https://ift.tt/32vveVH

*New Zealand Aug ANZ Business Confidence -14.2 Vs. -3.8 In July

New Zealand Aug ANZ Business Confidence -14.2 Vs. -3.8 In July

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

source http://www.mt5.com/forex_news/quickview/2181852/

*Philippines July Producer Prices +0.8% On Month, Same As In June

Philippines July Producer Prices +0.8% On Month, Same As In June

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

source http://www.mt5.com/forex_news/quickview/2181851/

*Philippines July Producer Prices -1.5% On Year Vs. -2.6% In June

Philippines July Producer Prices -1.5% On Year Vs. -2.6% In June

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

source http://www.mt5.com/forex_news/quickview/2181850/

*Japan July Jobless Rate 2.8% Vs. 2.9% In June, Consensus 2.9%

Japan July Jobless Rate 2.8% Vs. 2.9% In June, Consensus 2.9%

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

source http://www.mt5.com/forex_news/quickview/2181849/

*Japan July Industrial Production Down 1.5% On Month, Consensus -2.5%

Japan July Industrial Production Down 1.5% On Month, Consensus -2.5%

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

source http://www.mt5.com/forex_news/quickview/2181847/

*Japan July Industrial Production Up 11.6% On Year

Japan July Industrial Production Up 11.6% On Year

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

source http://www.mt5.com/forex_news/quickview/2181848/

*South Korea Jul Industrial Production +0.4% On Month Vs. +2.3% In Jun, Consensus -0.1%

South Korea Jul Industrial Production +0.4% On Month Vs. +2.3% In Jun, Consensus -0.1%

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

source http://www.mt5.com/forex_news/quickview/2181846/

British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher

While GBP/USD continues to benefit from US Dollar weakness, the EUR/GBP chart shows a symmetrical triangle pattern that could signal another leg upwards. Via DailyFX - Market News https://ift.tt/32vveVH

Crude Oil Prices May Struggle at Trend Top, Inventories and OPEC+ Eyed

Crude oil is on the upswing as UK markets reopen after a holiday but prices may struggle on approach to trend resistance. inventory data and an OPEC+ meeting are eyed ahead. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Price Outlook: XAU/USD May Find Support if US Sentiment Data Disappoints

Gold prices may find support if US Conference Board Consumer Confidence data disappoints. XAU/USD technical signals seem to offer a near-term upside bias. Via DailyFX - Market News https://ift.tt/32vveVH

Iron Ore and Copper Forecast: NFPs in Focus After China PMIs Flash Warning Signs

Iron ore and copper prices are softer after Chinese economic data showed a worse-than-expected slowdown in manufacturing and services activity. Traders are shifting focus to the US NFP report due o... Via DailyFX - Market News https://ift.tt/32vveVH

Dow Jones Pulls Back While Nasdaq Surges, Hang Seng May Rise

The cyclically-oriented sectors led the losses on Wall Street, pulling the Dow Jones lower. The Nasdaq 100 index hits a record high however. Asia-Pacific markets opened higher following a strong te... Via DailyFX - Market News https://ift.tt/32vveVH

Australian Dollar Looks Past China Non-Manufacturing PMI Slump, Will AUD/USD Rise?

The Australian Dollar brushed off a disappointing Chinese Non-Manufacturing PMI report, coming in at 47.5 against 52.0 expected. Will AUD/USD push higher? Via DailyFX - Market News https://ift.tt/32vveVH

Nasdaq 100 Forecast for the Week Ahead: 16000 in Focus as Non-Farm Payrolls Near

The Nasdaq 100 hit another record, nearing 16000 in the aftermath of the Fed’s Jackson Hole Symposium. Will a softer US non-farm payrolls report add more momentum to tech stocks? Via DailyFX - Market News https://ift.tt/32vveVH

Gold Futures Settle Lower

Gold futures settled lower on Monday, but still managed to hold near a four-week high.

A sluggish dollar and lower bond yields helped limit the yellow metal's decline.

The dollar index, which climbed to 92.79, dropped to 9266 around noon.

Gold futures for December ended down by $7.30 or about 0.4% at $1,812.20 an ounce.

Gold futures gained about 1.7% last week.

Silver futures for December ended lower by $0.104 at $24.006 an ounce, while Copper futures for December settled at $4.3755 per pound, up $0.0435 from the previous close.

A report released by the National Association of Realtors on Monday unexpectedly showed a continued slump in pending home sales in the U.S. in the month of July.

NAR said its pending home sales index tumbled by 1.8% to 110.7 in July after plunging by 2% to 112.7 in June. The continued decrease surprised economists, who had expected pending home sales to rise by 0.4%.

Federal Reserve Chairman Jerome Powell struck a dovish tone on monetary policy, during his speech at the Jackson Hole symposium on Friday. He signaled the central bank is in no rush to raise rates. Lower interest rates decrease the opportunity cost of holding non-yielding bullion.

In a virtual speech Friday, Powell said that the central bank is likely to start scaling back bond purchase program this year, but didn't provide timing for withdrawal.

Powell noted that there is "much ground to cover to reach maximum employment," a criteria to begin tapering.

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

source http://www.mt5.com/forex_news/quickview/2181845/

New Zealand Dollar Forecast: NZD/USD Pinned on Covid Woes as Chinese PMI Looms

The New Zealand Dollar is softening versus the US Dollar as Covid woes weigh on sentiment. Traders are eying today's PMI data out of China, which may have market-moving potential. Via DailyFX - Market News https://ift.tt/32vveVH

*Spain Aug Flash HICP Up 0.4% On Month Vs. -1.2% In July

Spain Aug Flash HICP Up 0.4% On Month Vs. -1.2% In July

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

source http://www.mt5.com/forex_news/quickview/2181792/

*Austria Jul Producer Prices +8.6% On Year Vs. +6.9% In June

Austria Jul Producer Prices +8.6% On Year Vs. +6.9% In June

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

source http://www.mt5.com/forex_news/quickview/2181788/

*Austria Jul Producer Prices +1.7% On Month Vs. +1.0% In June

Austria Jul Producer Prices +1.7% On Month Vs. +1.0% In June

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

source http://www.mt5.com/forex_news/quickview/2181789/

*Spain Aug Flash CPI Up 0.4% On Month Vs. -0.8% In July

Spain Aug Flash CPI Up 0.4% On Month Vs. -0.8% In July

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

source http://www.mt5.com/forex_news/quickview/2181787/

*Spain Aug Flash CPI Rises 3.3% Annually Vs. 2.9% In July

Spain Aug Flash CPI Rises 3.3% Annually Vs. 2.9% In July

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

source http://www.mt5.com/forex_news/quickview/2181786/

Japan Retail Sales Continue To Grow In July

Japan's retail sales grew for the fifth straight month in July, data published by the Ministry of Economy, Trade and Industry showed Monday. Retail sales grew 2.4 percent year-on-year in July, faster than the 0.1 percent increase seen in June. This was the fifth consecutive rise in retail sales and also exceeded the economists' forecast of 2.1 percent.

On a monthly basis, retail sales were up 1.1 percent in July, data showed. The recent strength in retail sales is unlikely to last, Marcel Thieliant, an economist at Capital Economics, said. While retail sales recovered further in July, the high frequency data point to a renewed fall in August as the Delta wave intensified, the economist said. The economist forecasts a 0.8 percent sequential drop in consumption in the third quarter.

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

source http://www.mt5.com/forex_news/quickview/2181785/

*Dutch July Producer Prices Up 13.9% Y/Y Vs. 12.6% In June

Dutch July Producer Prices Up 13.9% Y/Y Vs. 12.6% In June

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

source http://www.mt5.com/forex_news/quickview/2181784/

*Denmark August Economic Sentiment 114.0 Vs. 115 In July

Denmark August Economic Sentiment 114.0 Vs. 115 In July

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

source http://www.mt5.com/forex_news/quickview/2181783/

*Estonia July Retail Sales Up 10.0% Y/Y, Down 1.0% M/M

Estonia July Retail Sales Up 10.0% Y/Y, Down 1.0% M/M

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

source http://www.mt5.com/forex_news/quickview/2181782/

*Denmark August Business Confidence Index 113.8 Vs. 115.4 In July

Denmark August Business Confidence Index 113.8 Vs. 115.4 In July

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

source http://www.mt5.com/forex_news/quickview/2181781/

*Australia Q2 Company Gross Operating Profits Up 7.1% Q-o-Q Vs. -0.6% In Q1, Consensus +3%

Australia Q2 Company Gross Operating Profits Up 7.1% Q-o-Q Vs. -0.6% In Q1, Consensus +3%

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

source http://www.mt5.com/forex_news/quickview/2181780/

*Australia Q2 Business Inventories Rise 0.2% On Quarter Vs. +2.4% In Q1, Consensus 1.3%

Australia Q2 Business Inventories Rise 0.2% On Quarter Vs. +2.4% In Q1, Consensus 1.3%

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

source http://www.mt5.com/forex_news/quickview/2181779/

UK Pound Forecast: Sterling Setups for the Week Ahead, GBP/USD, EUR/GBP

Sluggish Sterling expected due to UK holiday but the outlook is set to pick up ahead of major event risk later this week. GBP setups considered Via DailyFX - Market News https://ift.tt/32vveVH

European Economics Preview: Eurozone Economic Confidence Data Due

Economic sentiment data from euro area and consumer prices from Germany are due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's INE releases flash consumer price data for August. EU harmonized inflation is forecast to remain unchanged at 2.9 percent.

In the meantime, Swiss KOF leading indicator is due. Economists forecast the index to fall to 125.0 in August from 129.8 in the previous month.

At 5.00 am ET, Eurozone economic confidence survey results are due. The economic confidence index is expected to fall to 117.9 in August from 119 in the previous month. At 8.00 am ET, Destatis is scheduled to release Germany's flash inflation data. Harmonized inflation is seen rising to 3.4 percent in August from 3.1 percent in July.

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

source http://www.mt5.com/forex_news/quickview/2181778/

EUR/USD Price Forecast: Fed and ECB Accommodative as Euro Opens Flat

European consumer confidence data did little to sway the subdued EUR/USD start to trading this week as traders look ahead to key Euro and dollar economic data while technicals take over. Via DailyFX - Market News https://ift.tt/32vveVH

*Dutch Aug Producer Confidence 9.6 Vs. 12.3 In July

Dutch Aug Producer Confidence 9.6 Vs. 12.3 In July

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

source http://www.mt5.com/forex_news/quickview/2181777/

*Japan Jul Retail Sales +0.4% On Year Vs. +0.1% In Jun, Consensus +2.1%

Japan Jul Retail Sales +0.4% On Year Vs. +0.1% In Jun, Consensus +2.1%

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

source http://www.mt5.com/forex_news/quickview/2181776/

Gold (XAU/USD) Prices Pullback after Breaking above $1,800

Gold prices remain supported by key psychological support at $1,800, NFP report key event risk for commodities? Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?

The US Dollar licked its wounds in Asia-Pacific trade after sinking in Friday’s action that saw Fed Chair Powell maintain a dovish mantra. Can gold continue to benefit? Via DailyFX - Market News https://ift.tt/32vveVH

Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy.

US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy. Via DailyFX - Market News https://ift.tt/32vveVH

Australian Dollar Forecast: AUD/USD Eyes Q2 Economic Data to Start APAC Trading

AUD/USD may move on Australian Q2 economic data due out this morning as APAC trading kicks off. Via DailyFX - Market News https://ift.tt/32vveVH

Sterling Tech Forecast: GBP/USD Jumps During Powell Speech

Brief dollar drop sent GBP/USD higher but the pair looks set to continue its sideways grind into the coming week Via DailyFX - Market News https://ift.tt/32vveVH

Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs

The Dow Jones, S&P 500 and Nasdaq Composite soared amid the Fed's Jackson Hole Symposium. The US Dollar tanked as the Australian Dollar, crude oil and gold prices outperformed. All eyes turn to non...

Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs

The Dow Jones, S&P 500 and Nasdaq Composite soared amid the Fed's Jackson Hole Symposium. The US Dollar tanked as the Australian Dollar, crude oil and gold prices outperformed. All eyes turn to non... Via DailyFX - Market News https://ift.tt/32vveVH

Nasdaq 100 Hits Record High as Powell Signals Tapering by Year End

Tech stocks extended higher into the record territory even though Fed Chair Jerome Powell prepared the markets for the Fed tapering. Interest rate hikes are likely to be far away, alleviating press...

Nasdaq 100 Hits Record High as Powell Signals Tapering by Year End

Tech stocks extended higher into the record territory even though Fed Chair Jerome Powell prepared the markets for the Fed tapering. Interest rate hikes are likely to be far away, alleviating press... Via DailyFX - Market News https://ift.tt/32vveVH

Mexican Peso Forecast: Powell Paves the Way for USD/MXN Weakness in the Near Term

The Fed's dovish taper tone at the Jackson Hole Symposium is likely to depress US treasury rates and weigh on USD/MXN in the near term as traders seek to exploit higher yields in EMFX.

Mexican Peso Forecast: Powell Paves the Way for USD/MXN Weakness in the Near Term

The Fed's dovish taper tone at the Jackson Hole Symposium is likely to depress US treasury rates and weigh on USD/MXN in the near term as traders seek to exploit higher yields in EMFX. Via DailyFX - Market News https://ift.tt/32vveVH

EUR/USD Forecast: Euro Runs into Resistance, More Gains Ahead?

Powell inspired lift for EUR/USD, eyes on key US data.

EUR/USD Forecast: Euro Runs into Resistance, More Gains Ahead?

Powell inspired lift for EUR/USD, eyes on key US data. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Forecast: XAU Traders Eye NFPs After Jackson Hole, Kabul Attack

Gold rose into the weekend after Fed Chair Powell offered no clear signal on tapering. XAU traders are shifting focus to next week's non-farm payrolls print as geopolitical risks linger.

Gold Forecast: XAU Traders Eye NFPs After Jackson Hole, Kabul Attack

Gold rose into the weekend after Fed Chair Powell offered no clear signal on tapering. XAU traders are shifting focus to next week's non-farm payrolls print as geopolitical risks linger. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy.

US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy. Via DailyFX - Market News https://ift.tt/32vveVH

Bitcoin, Ethereum Predictions – Consolidation Phase Leading to Higher Prices

Bitcoin continues to draw strength from the 200-day simple moving average and if this continues, higher prices may be seen in the near future.

Bitcoin, Ethereum Predictions – Consolidation Phase Leading to Higher Prices

Bitcoin continues to draw strength from the 200-day simple moving average and if this continues, higher prices may be seen in the near future. Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Drifts Lower After Powell's Speech At Jackson Hole Symposium

The U.S. dollar drifted lower against its major rivals on Friday after the Federal Reserve Chairman Jerome Powell indicated that interest rate hikes are unlikely anytime soon.

During his much anticipated speech at the Federal Reserve's annual Jackson Hole symposium this morning, Jerome Powell said the central bank is likely to begin tapering some of its easy-money policies before the end of the year. However, he added that he still feels there's "much ground to cover" before rate hikes.

Powell said the economy has reached a point where it no longer needs as much policy support, indicating the Fed might start reducing the amount of bonds it purchases each month before the end of 2021, provided the economy continues to progress.

The Fed will be carefully assessing incoming data and the evolving risks from the virus crisis while pulling back stimulus measures, Powell noted.

He added that while inflation is solidly around the Fed's 2% target rate, "we have much ground to cover to reach maximum employment," which is the second prong of the central bank's dual mandate and necessary before rate hikes happen.

Powell said some of the factors that pushed inflation higher are starting to abate. "Inflation at these levels is, of course, a cause for concern. But that concern is tempered by a number of factors that suggest that these elevated readings are likely to prove temporary," he said.

In economic releases today, data showed personal income in the U.S. increased by 1.1 percent in July, after a revised 0.2 percent advance in June. Meanwhile, personal spending rose by 0.3 percent in July, after rising by an upwardly revised 1.1 percent in June.

Wholesale inventories in the U.S. increased by 0.6 percent month-over-month to $722 billion in July, cooling from an upwardly revised 1.2 percent rise in June, according to a preliminary estimate.

The personal consumption expenditure price index in the U.S.rose 0.4 perent in July, following a 0.5 percent increase a month earlier.

The University of Michigan's consumer sentiment for the US was revised to 70.3 in August, from a preliminary reading of 70.2.

The dollar index, which slid to 92.63, was last seen at 92.68, down 0.4% from the previous close.

Against the Euro, the dollar weakened to $1.1795 from $1.1753.

The Pound Sterling firmed against the dollar, fetching $1.3761 a unit, compared to $1.3699 Thursday evening.

Against the yen, the dollar weakened, fetching 109.82 yen after having settled at 110.09 on the previous session.

Against the Aussie, the dollar eased to 0.7312 from 0.7237.

The Swiss franc strengthened to 0.9110 a dollar from 0.9178. The Loonie advanced to C$ 1.2618 a dollar from C$ 1.2688 as oil prices rose sharply amid prospects of disruptions in crude production in the Gulf of Mexico region due to the impact of Hurricane Ida.

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

source http://www.mt5.com/forex_news/quickview/2181775/

Oil Futures Settle Sharply Higher For The Day, Gains Over 10% In Week

Crude oil futures settled sharply higher on Friday amid possible near-term disruptions in oil and natural gas operations in the Gulf of Mexico region due to the impact of Hurricane Ida.

According to reports, the hurricane will likely make landfall along the U.S. northern Gulf Coast this weekend.

The dollar's weakness after Fed Chair Jerome Powell said in his speech at the Jackson Hole symposium that the central bank will likely begin to reduce its monthly bond purchases before the end of this year, and that rate hikes are unlikely to happen anytime soon.

West Texas Intermediate Crude oil futures for October ended up by $1.32 or about 2% at $68.74 a barrel. WTI crude futures gained more than 10% in the week.

Brent crude futures were up $1.40 or about 2% at 71.59 a barrel a little while ago.

Traders assessed the prospect of supply outages as energy companies began shutting in production in the Gulf of Mexico ahead of a potential hurricane forecast to hit on the weekend.

BHP and BP said they have begun to stop production at offshore platforms as a storm was brewing in the Caribbean Sea.

The storm is expected to enter the Gulf of Mexico tonight and will be hit by a powerful hurricane this weekend, according to the National Hurricane Center.

Meanwhile, a report from Baker Hughes shows the number of active U.S. rigs drilling for oil increased by five to 410 this week, marking the fourth weekly increase in a row. The total active U.S. rig count climbed by five to 508.

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

source http://www.mt5.com/forex_news/quickview/2181774/

Gold Futures Settle Sharply Higher As Dollar Slips After Powell's Speech At Symposium

Gold futures settled sharply higher on Friday as the dollar slid after Fed Chair Jerome Powell said a rate hike is unlikely for now.

Powell said during his speech at the Jackson Hole Symposium this morning that the central bank will likely start reducing its monthly bond purchases before the end of this year, and that rate hikes are unlikely to happen anytime soon.

Powell said the economy has reached a point where it no longer needs as much policy support, indicating the Fed might start reducing the amount of bonds it purchases each month before the end of 2021, provided the economy continues to progress.

However, he added that he still feels there's "much ground to cover" before rate hikes.

Concerns over uneven economic recovery and geopolitical tensions too pushed up the demand for the safe-haven asset.

The dollar index dropped to 92.63, losing nearly 0.5%. The yield on benchmark 10-year Treasury notes traded at 1.34%, down from a two-week high of 1.375%.

Gold futures for December ended up by $24.30 or about 1.4% at $1,819.50 an ounce. Gold futures gained about 2% in the week.

Silver futures for September ended higher by $0.512 at $24.062 an ounce, while Copper futures for December settled at $4.3320 per pound, up $0.0725 from the previous close.

In economic releases today, data showed personal income in the U.S. increased by 1.1% in July, after a revised 0.2% advance in June. Meanwhile, personal spending rose by 0.3% in July, after rising by an upwardly revised 1.1% in June.

Wholesale inventories in the U.S. increased by 0.6% month-over-month to $722 billion in July, cooling from an upwardly revised 1.2% rise in June, according to a preliminary estimate.

The personal consumption expenditure price index in the U.S.rose 0.4% in July, following a 0.5% increase a month earlier.

The University of Michigan's consumer sentiment for the US was revised to 70.3 in August, from a preliminary reading of 70.2.

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

source http://www.mt5.com/forex_news/quickview/2181773/

Australian Dollar Outlook: AUD/USD at Crossroads of Commodities, Yields, Sentiment

The Australian Dollar has grinded higher, but future direction will likely depend on commodity pricing, yield differentials and risk appetite.

Australian Dollar Outlook: AUD/USD at Crossroads of Commodities, Yields, Sentiment

The Australian Dollar has grinded higher, but future direction will likely depend on commodity pricing, yield differentials and risk appetite. Via DailyFX - Market News https://ift.tt/32vveVH

Finland Consumer Sentiment Weakens; Industrial Confidence Improves

Finland's consumer confidence weakened and industrial morale improved in August, separate survey results showed on Friday.

The consumer sentiment index decreased to 4.0 in August from 4.4 in July, Statistics Finland said.

Among the four components, expectation concerning consumers' own economic at present improved in August and household's expectations concerning own economy in the next 12 months.

Expectations concerning Finland's economy strengthened and intentions to spend money on durable goods increased.

The data was collected from 971 persons between August 1 and 19.

Data from the Confederation of Finnish Industries showed that the manufacturing confidence index rose five points to 22 in August from 17 in July. The reading was above the long-term average of +1.

The construction confidence indicator increased to 5 in August from -3 in July. The reading was weaker than its long-term average of -7.

The service sector confidence indicator fell six points to 15 in August.

The retail trade confidence grew seven points to 18 in August, which was above the long-term average of -1.

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

source http://www.mt5.com/forex_news/quickview/2181712/

Solana (SOL) Continues to Make Fresh Highs on Pumped Up Volume

Solana is out-performing the crypto market as a whole, printing another record high today against a background of sharply higher trading volume. Via DailyFX - Market News https://ift.tt/32vveVH

*Singapore Jul Producer Prices +1.8% On Month Vs. +1.1% In June

Singapore Jul Producer Prices +1.8% On Month Vs. +1.1% In June

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

source http://www.mt5.com/forex_news/quickview/2181711/

*Singapore Jul Producer Prices +11.6% On Year Vs. +9.6% In June

Singapore Jul Producer Prices +11.6% On Year Vs. +9.6% In June

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

source http://www.mt5.com/forex_news/quickview/2181710/

Malaysia Exports Rises More Than Expected

Malaysia's exports rose more than expected in July, data from the Department of Statistics showed on Friday.

Exports grew 5.0 percent year-on-year to MYR 97.3 billion in July. Economists had expected a rise of 9.7 percent.

Imports grew 24.0 percent annually to MYR 83.6 billion in July. Economists had forecast a increase of 19.4 percent.

The trade surplus totaled MYR 13.7 billion in July, which was below the expected level of MYR 20.0 billion, the agency said.

On a monthly basis, exports declined 18.6 percent in July and imports decreased 7.7 percent.

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

source http://www.mt5.com/forex_news/quickview/2181709/

*Finland Aug Industrial Confidence 22 Vs. 17 In July

Finland Aug Industrial Confidence 22 Vs. 17 In July

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

source http://www.mt5.com/forex_news/quickview/2181708/

*Finland Aug Consumer Confidence 4.0 Vs. 4.4 In July

Finland Aug Consumer Confidence 4.0 Vs. 4.4 In July

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

source http://www.mt5.com/forex_news/quickview/2181707/

*Japan Tokyo Aug CPI -0.4% On Year Vs. -0.3% In July

Japan Tokyo Aug CPI -0.4% On Year Vs. -0.3% In July

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

source http://www.mt5.com/forex_news/quickview/2181706/

*Malaysia July Imports Up 24.0% On Year, Consensus +19.4%

Malaysia July Imports Up 24.0% On Year, Consensus +19.4%

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

source http://www.mt5.com/forex_news/quickview/2181705/

*Malaysia July Exports Up 5.0% On Year, Consensus +9.7%

Malaysia July Exports Up 5.0% On Year, Consensus +9.7%

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

source http://www.mt5.com/forex_news/quickview/2181704/

*Malaysia July Trade Surplus MYR 13.7 Billion, Consensus MYR 20.0 Billion

Malaysia July Trade Surplus MYR 13.7 Billion, Consensus MYR 20.0 Billion

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

source http://www.mt5.com/forex_news/quickview/2181703/

Crude Oil Bullish Momentum Fizzles Out as Covid-19 Risks Increase

Oil has had a stellar performance this week as a production outage in Mexico reduces supply, but demand may also be faltering as Covid-19 continues to spread Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Price Action Set Up Ahead of Fed Chair Powell Speech

All eyes on Chair Powell as markets await QE taper details. Via DailyFX - Market News https://ift.tt/32vveVH

NZD/USD Rallied With Risk Assets, But Will The Fed Symposium Mark a Sentiment Turn?

The US Dollar has had a down week going into the Jackson Hole Symposium, helping the New Zealand Dollar rally. Can NZD/USD continue higher? Via DailyFX - Market News https://ift.tt/32vveVH

Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important. Via DailyFX - Market News https://ift.tt/32vveVH

Swiss Franc Technical Forecast: USD/CHF, GBP/CHF Chart Levels to Watch

USD/CHF and GBP/CHF present key levels and patterns that may provide actionable moves for Swiss Franc traders. Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Climbs Higher As Traders Await Fed's Policy Stance

The U.S. dollar gained ground against its major rivals on Thursday as traders looked ahead to the Jackson Hole symposium for more insights about the Fed's plan to scale back bond purchase program.

The Federal Reserve Chairman Jerome Powell is expected to provide some hints on the central bank's tapering timeline.

Comments from Fed officials at the meeting may impact the outlook for monetary policy following recent indications the central bank plans to begin scaling back asset purchases this year.

Traders also reacted to President of the St. Louis Fed James Bullard's comments that he is of the view that the central bank should start tapering bond purchases in the fall and finish the process by the first quarter of next financial year. He has also called for a rate hike by end 2022.

Meanwhile, the Kansas City Federal Reserve President George said the Fed should start trimming its monthly bond purchases "sooner rather than later" even though the delta variant poses a risk to the US economic outlook.

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended August 21st, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims inched up to 353,000, an increase of 4,000 from the previous week's revised level of 349,000.

Economists had expected jobless claims to tick up to 350,000 from the 348,000 originally reported for the previous week.

Meanwhile, a report from the Bureau of Economic Analysis said the US economy advanced an annualized 6.6 percent on quarter in the second quarter, slightly higher than an earlier estimate of 6.5 percent. However, the increase was below the 6.7 percent increase analysts had forecast.

The dollar index climbed to 93.08, gaining nearly 0.3%

Against the Euro, the dollar firmed to $1.1752 from $1.1772.

The Pound Sterling weakened against the dollar, and was fetching $1.3700 a unit a few minutes before the end of the session, compared to $1.3763 Wednesday evening.

The Yen edged down marginally to 110.08 a dollar.

Against the Aussie, the dollar strengthened to 0.7237 from 0.7276.

The Swiss franc slid to 0.9179 a dollar from 0.9138. Data from Swiss Federal Statistical Office showed non-farm payrolls in the country increased by 0.6% year-on-year to 5.126 million in the second quarter of 2021, after a 0.6% decline in the previous three-month period.

The dollar was firm against the Loonie at C$1.2685, compared with the previous close of C$1.2593, as crude oil prices drifted lower on demand worries.

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

source http://www.mt5.com/forex_news/quickview/2181702/

Nasdaq 100 Retreats Ahead of Powell Speech, APAC to Open Lower

The Nasdaq 100 index pulled back on Thursday after a Fed member made hawkish comments ahead of the Jackson Hole symposium. Powell’s speech will be closely eyed. APAC markets opened lower. Via DailyFX - Market News https://ift.tt/32vveVH

Oil Futures Settle Notably Lower On Demand Worries

Crude oil futures settled notably lower on Thursday amid worries about outlook for energy demand due to a surge in coronavirus cases in several countries.

The return of output in Mexico also weighed on oil prices. Pemex said it has restored nearly 20% of the more than 400,000 bpd in oil production it lost due to a fire that erupted on an offshore platform on Sunday.

West Texas Intermediate Crude oil futures for October ended down by $0.94 or about 1.4% at $67.42 a barrel.

WTI futures had gained about 1.2% on Wednesday after data from Energy Information Administration (EIA) showed crude inventories in the U.S. fell by about 3 million barrels in the week ended August 21, falling for a third straight week.

Brent crude futures are currently down $1.03 or 1.45% at $70.25 a barrel.

Meanwhile, according to reports, Royal Dutch Shell and Chevron have started evacuating non-essential personnel from offshore U.S. Gulf of Mexico platforms ahead of a storm expected to enter the Gulf this weekend.

According to the National Hurricane Center, the storm could become a major hurricane and strike the U.S. Gulf Coast by Sunday.

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

source http://www.mt5.com/forex_news/quickview/2181701/

Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies Via DailyFX - Market News https://ift.tt/32vveVH

Gold Futures Settle Higher

Gold futures settled higher on Thursday, recovering after early weakness as traders looked ahead to the outcome of the Jackson Hole symposium for clues on the timing of a tapering of monetary stimulus.

Fed Chairman Jerome Powell is expected to indicate that the central bank will slow monthly purchases of Treasury and mortgage-backed securities.

However, a firm dollar limited the yellow metal's upside. The dollar index climbed to 93.08, gaining nearly 0.3%.

Gold futures for December ended up by $4.20 or about 0.2% at $1,795.20 an ounce, well off the session's low of $1,781.30.

Silver for September ended lower by $0.225 or about 1% at $23.550 an ounce, while the most active Copper futures contract for December, settled at $4.2595, down $0.0165 or 0.4% from the previous close.

On the economic front, first-time claims for U.S. unemployment benefits edged slightly higher in the week ended August 21st, according to a report released by the Labor Department.

The report said initial jobless claims inched up to 353,000, an increase of 4,000 from the previous week's revised level of 349,000. Economists had expected jobless claims to tick up to 350,000 from the 348,000 originally reported for the previous week.

In economic news from eurozone, a survey showed that the outlook amongst consumers in Germany is deteriorating heading into September.

Gfk forward looking consumer confidence index dropped from -0.4 to -1.2, marking the worst reading in three months as accelerating inflation and rising COVID-19 cases made consumers more hesitant to buy.

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

source http://www.mt5.com/forex_news/quickview/2181700/

Australian Dollar Forecast: AUD/USD Eyes Retail Sales After Geopolitical Shock

AUD/USD dropped overnight on geopolitical risks after an attack in Kabul left dozens dead. Australian retail sales are on deck for Aussie Dollar traders. Via DailyFX - Market News https://ift.tt/32vveVH

Bitcoin Reclaims $47,000 as Risk Sentiment Shifts to Kabul Attacks, Ether and Cardano Stall

Bitcoin reclaims $47,000 as Ether bounces off support. Cardano holds steady above $2.50, at least for now Via DailyFX - Market News https://ift.tt/32vveVH

Ireland Consumer Confidence Improved In August

Ireland's consumer confidence improved in August, as households were increasingly concerned about the economic outlook, results of a survey showed Friday.

The KBC Bank consumer sentiment index rose to 86.5 in August from 84.9 in July.

"The gains in the August survey largely reflected improved 'macro' developments with little follow-through and this may suggest the continued absence of any broadly based 'feel-good factor' in terms of household finances," the KBC Bank said.

Among the six sub-indexes, two of the survey declined in August.

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

source http://www.mt5.com/forex_news/quickview/2181660/

*Switzerland Q2 Employment Up 0.6% Y/Y, 0.2% Q/Q

Switzerland Q2 Employment Up 0.6% Y/Y, 0.2% Q/Q

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

source http://www.mt5.com/forex_news/quickview/2181659/

Gold (XAU/USD), Silver (XAG/USD) Forecast: Gold and Silver Remain Focused on the Fed

Gold and Silver prices remain suppressed in anticipation of Fed Chair.Co Jerome Powell’s speech at Jackson Hole Via DailyFX - Market News https://ift.tt/32vveVH

*Germany Sept GfK Consumer Confidence -1.2 Vs. -0.4 In August, Consensus -0.7

Germany Sept GfK Consumer Confidence -1.2 Vs. -0.4 In August, Consensus -0.7

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

source http://www.mt5.com/forex_news/quickview/2181658/

Euro Little Changed After German Gfk Consumer Confidence Index

At 2.00 am ET Thursday, Germany's Gfk consumer confidence survey results have been released. The euro changed little against its major rivals after the data.

The euro was trading at 129.44 against the yen, 1.0760 against the franc, 0.8555 against the pound and 1.1767 against the greenback around 2:04 am ET.

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

source http://www.mt5.com/forex_news/quickview/2181657/

Euro Mixed Ahead Of German Gfk Consumer Confidence Index

At 2.00 am ET Thursday, Germany's Gfk consumer confidence survey results are due. The forward-looking consumer sentiment index is expected to fall to 0.7 in September from 0.3 in August.

Ahead of the data, the euro traded mixed against its major rivals. While the currency rose against the pound, it held steady against the rest of major rivals.

The euro was worth 129.44 against the yen, 1.0759 against the franc, 0.8555 against the pound and 1.1769 against the greenback as of 1:55 am ET

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

source http://www.mt5.com/forex_news/quickview/2181656/

Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets. Via DailyFX - Market News https://ift.tt/32vveVH

*Singapore July Industrial Production -2.6% On Month Vs, -2.6% In June, Consensus -0.3%

Singapore July Industrial Production -2.6% On Month Vs, -2.6% In June, Consensus -0.3%

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

source http://www.mt5.com/forex_news/quickview/2181655/

*Singapore July Industrial Production +16.3% On Year Vs, +28.0% In June, Consensus +20.2%

Singapore July Industrial Production +16.3% On Year Vs, +28.0% In June, Consensus +20.2%

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

source http://www.mt5.com/forex_news/quickview/2181654/

USD/JPY Technical Setup Suggesting A Break Below 108.50

USD/JPY is gearing up for the final leg of its symmetrical pattern Via DailyFX - Market News https://ift.tt/32vveVH

*Ireland Aug Consumer Confidence 86.5 Vs. 84.9 In July

Ireland Aug Consumer Confidence 86.5 Vs. 84.9 In July

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

source http://www.mt5.com/forex_news/quickview/2181653/

British Pound Outlook: GBP/USD Supported by USD Weakness, UK Covid Data Warns

GBP/USD is keeping hold of this week's gains, ahead of the Jackson Hole Symposium, but closer to home UK covid data paints a negative picture. Via DailyFX - Market News https://ift.tt/32vveVH

EUR/USD Outlook: Will the Fed Move the Needle at Jackson Hole for the Most Liquid Currency Pair?

The Euro traded sideways today against the US Dollar ahead of the Jackson Hole symposium. Will EUR/USD resume its downtrend? Via DailyFX - Market News https://ift.tt/32vveVH

Crude Oil Prices Pause Rally as the Pandemic Clouds the Outlook

WTI crude oil prices paused a three-day gain as investors mulled the spread of Delta variant around the globe and its impact on energy demand. The Jackson Hole symposium will also be in focus. Via DailyFX - Market News https://ift.tt/32vveVH

Gold and Silver Hold Breath for Jackson Hole, ETF Outflows Accelerate

Gold prices hovered at around $1,788 during Thursday’s APAC trade as traders awaited the Jackson Hole symposium. Silver prices have likely formed a “Double Bottom” pattern. Via DailyFX - Market News https://ift.tt/32vveVH

Swiss Franc Technical Forecast: USD/CHF, GBP/CHF Chart Levels to Watch

USD/CHF and GBP/CHF present key levels and patterns that may provide actionable moves for Swiss Franc traders. . Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Drifts Lower Against Rivals

After exhibiting some strength early on in the session, the U.S. dollar turned easy and lost ground against most of its major rivals on Wednesday.

In addition to digesting the durable goods orders data for the month of July, traders looked ahead to the upcoming Jackson Hole symposium, where Fed policymakers are expected to detail the timeline for tapering of the bank's bond-buying program.

data released by the Commerce Department showed durable goods orders edged down by 0.1% in July following a 0.8% increase in June. Economists had expected orders to decrease by 0.3%.

Excluding a steep drop in orders for transportation equipment, durable goods orders climbed by 0.7% in July after rising by 0.6% in June. Ex-transportation orders were expected to increase by 0.5%.

The dollar index, which advanced to 93.13 in the European session, dropped to 92.81 later.

Against the Euro, the dollar weakened to $1.1774, falling from $1.1759.

The Pound Sterling firmed against the dollar, fetching $1.3763 a unit, compared to $1.3729 Tuesday evening.

The yen weakened to 109.99 a dollar from 109.68. Final data from the Cabinet Office showed Japan's leading index, which measures the future economic activity, rose to 104.1 in June from 102.6 in May, as estimated.

Against the Aussie, the dollar drifted down to 0.7276 from 0.7258.

The Swiss franc declined marginally to 0.9137 a dollar. The Swiss investor sentiment index declined by 50.6 points from the previous month to -7.8 in August, falling into negative territory for the first time since March of 2020, a report from Credit Suisse & CFA Society Switzerland said. Meantime, the assessment of the economic situation increased to 60.5 in August from 37.2 in July.

The loonie was little changed at 1.2589 a dollar a little while ago. Data from Statistics Canada showed wholesale sales in Canada likely fell 2% month-on-month in July, declining for a second straight month.

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

source http://www.mt5.com/forex_news/quickview/2181652/

S&P 500 Hits Record Ahead of Jackson Hole, Hang Seng May Retreat

The S&P 500 and Nasdaq 100 hit all-time highs on Wednesday as investors awaited the Jackson Hole symposium for clues about the Fed’s next move. Asia-Pacific markets look set to open in cautious mood. Via DailyFX - Market News https://ift.tt/32vveVH

Natural Gas Outlook: Price Continues to Benefit from Warmer Weather, Eyes on $4.00

Natural gas prices once again tested the $4.00 mark as hot summer weather continues to stimulate demand. Via DailyFX - Market News https://ift.tt/32vveVH

Oil Futures Extend Gains To 3rd Day As Inventories Drop

Crude oil futures settled higher on Wednesday, extending gains to a third straight day, after data showed a drop in U.S. crude inventories last week, and fuel demand rose to the highest level since March 2020.

West Texas Intermediate Crude oil futures for October ended up by $0.82 or about 1.2% at $68.36 a barrel.

According to the data released by the Energy Information Administration (EIA), crude inventories in the U.S. fell by 3 million barrels in the week ended August 21.

The data also showed gasoline stockpiles dropped by 2.2 million barrels last week, and stockpiles rose by 600,000 barrels.

The EIA data also showed the four-week average of fuel supply in the U.S. climbed to almost 21 million barrels per day, the highest level since March 2020.

The American Petroleum Institute's latest crude oil inventory data released on Tuesday showed a draw of 1.622 million barrels for the week ending August 20.

The data also said gaoline stockpiles dropped by about 1 million barrels last week.

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

source http://www.mt5.com/forex_news/quickview/2181651/

Gold Futures Slip After Recent Gains, Settle Notably Lower

After three successive days of gains, gold futures settled lower on Wednesday as the dollar stayed a bit firm with traders looking ahead to the upcoming Jackson Hole Symposium.

At the annual Jackson Hole central bankers monetary-policy symposium, Fed Chairman Jerome Powell is likely to indicate when the bank might start tapering its bond-buying program.

The dollar index advanced to 93.13 in the European session, but pared gains subsequently and slipped into the red by mid afternoon. It was last seen at 92.82, down marginally from the previous close.

Gold futures for December ended down $17.50 or about 1% at $1,791.00 an ounce, recording their biggest single-day drop in percentage terms in about two weeks.

Silver futures for September ended lower by $0.119 or 0.5% at $23.775 an ounce, while Copper futures for September settled at $4.2675 per pound, gaining $0.0095 or about 0.2%.

On the economic front, data released by the Commerce Department showed durable goods orders edged down by 0.1% in July following a 0.8% increase in June. Economists had expected orders to decrease by 0.3%.

Excluding a steep drop in orders for transportation equipment, durable goods orders climbed by 0.7%in July after rising by 0.6% in June. Ex-transportation orders were expected to increase by 0.5%.

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

source http://www.mt5.com/forex_news/quickview/2181650/

AUD/USD May Fall if Risk Taking Slows as Cases in New South Wales Swell

The risk-sensitive Australian Dollar is vulnerable to a broader market reversal if sentiment fades. APAC traders will be watching the Bank of Korea's rate decision today. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Outlook: Fed Taper Talk at Jackson Hole is Key

US Dollar bears have faded strength over the last few trading sessions with markets thinking it is increasingly likely that Fed officials avoid a taper announcement at their Jackson Hole Symposium. Via DailyFX - Market News https://ift.tt/32vveVH

European Economics Preview: Germany Ifo Business Confidence Data Due

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

At 3.00 am ET, Spain's INE publishes producer prices for July. Prices had increased 15.3 percent annually in June.

At 4.00 am ET, German ifo business confidence survey results are due. The business sentiment index is seen falling to 100.4 in August from 100.8 in the previous month. At 6.00 am ET, the Confederation of British Industry releases monthly Distributive Trades survey results for August. The retail sales balance is seen falling to 20 from 23 in July.

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

source http://www.mt5.com/forex_news/quickview/2181618/

Nasdaq Hits Another High, GME and AMC Soar - Are They Telling Us Something?

The tech-heavy Nasdaq continues to print new highs, while meme stock favorites GME and AMC rally by 20%+, all ahead of the Jackson Hole Symposium. Via DailyFX - Market News https://ift.tt/32vveVH

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks Via DailyFX - Market News https://ift.tt/32vveVH

*Japan June Lagging Index 93.4 Vs. 92.3 In May

Japan June Lagging Index 93.4 Vs. 92.3 In May

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

source http://www.mt5.com/forex_news/quickview/2181617/

*Japan June Coincident Index 94.5 Vs. 92.1 In May

Japan June Coincident Index 94.5 Vs. 92.1 In May

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

source http://www.mt5.com/forex_news/quickview/2181616/

*Japan June Leading Index 194.1 Vs. 102.6 In May

Japan June Leading Index 194.1 Vs. 102.6 In May

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

source http://www.mt5.com/forex_news/quickview/2181615/

German IFO Data Confirms Weaker Momentum, EUR/USD Struggling to Break Out

EUR/USD hovers above 1.1750 as bullish momentum stalls Via DailyFX - Market News https://ift.tt/32vveVH

*Malaysia July Inflation 2.2% Vs. 3.4% In June, Consensus 2.9%

Malaysia July Inflation 2.2% Vs. 3.4% In June, Consensus 2.9%

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

source http://www.mt5.com/forex_news/quickview/2181614/

British Pound (GBP) Price Outlook: GBP/USD at Risk From Truck Driver Shortage

News reports that a shortage of lorry drivers in the UK is hitting supplies to restaurants and supermarkets could lower the chances of a tightening of monetary policy by the Bank of England. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Finds a Floor, Asia Markets Stall Despite Record Wall Street High. The Quiet Before Storm?

The US Dollar regained some ground in Asia today, but overall markets remained unimpressed with yet another record high from Wall Street. 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

New Zealand Has NZ$402 Million Trade Deficit

New Zealand posted a merchandise trade deficit of NZ$402 million in July, Statistics New Zealand said on Wednesday.

That follows the downwardly revised NZ$245 million trade surplus in June (originally NZ$261 million).

Exports jumped NZ$760 million or 15 percent on month to NZ$5.75 billion, down from the upwardly revised NZ$5.96 billion in the previous month (originally NZ$5.95 billion).

Imports spiked NZ$1.6 billion or 35 percent on month to NZ$6.16 billion, up from the upwardly revised NZ$5.71 billion a month earlier (originally NZ$5.69 billion).

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

source http://www.mt5.com/forex_news/quickview/2181613/

*New Zealand Imports NZ$6.16 Billion, Exports NZ$5.75 Billion In July

New Zealand Imports NZ$6.16 Billion, Exports NZ$5.75 Billion In July

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

source http://www.mt5.com/forex_news/quickview/2181612/

*New Zealand Trade Deficit NZ$402 Million In July

New Zealand Trade Deficit NZ$402 Million In July

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

source http://www.mt5.com/forex_news/quickview/2181611/

New Zealand Trade Data Due On Wednesday

New Zealand will on Wednesday release July figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

In June, imports were worth NZ$5.69 billion and exports were at NZ$5.95 billion for a trade surplus of NZ$261 million.

Australia will see Q2 figures for construction work done, with forecasts suggesting an increase of 2.5 percent on quarter - up from 2.4 percent in the three months prior.

Japan will see final June results for its leading and coincident economic indexes; the previous readings were 102.6 and 92.1, respectively.

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

source http://www.mt5.com/forex_news/quickview/2181610/

Dollar Subdued Against Major Rivals

The U.S. dollar turned in a subdued performance on Tuesday amid easing prospects of the Federal Reserve tapering its bond buying program anytime soon.

The Commerce Department released a report this morning showing a rebound in U.S. new home sales in the month of July.

The report showed new home sales increased by 1% to an annual rate of 708,000 in July after slumping by 2.6% to an upwardly revised rate of 701,000 in June.

Economists had expected new home sales to jump by 3.6% to a rate of 700,000 from the 676,000 originally reported for the previous month.

Investors await a highly-anticipated speech by Fed Chairman Jerome Powell during the virtual Jackson Hole Symposium on Friday for more clarity on the Fed's tapering timeline.

The dollar index, which slid to 92.81 in late morning trades, recovered to 92.97 by noon, but faltered again and was last seen hovering around 92.90, down 0.07% from the previous close.

Against the Euro, the dollar weakened to $1.1758.

The Pound Sterling firmed up a bit against the dollar, fetching $1.3731 a unit, compared to $1.3722 Monday evening.

Against the Yen, the dollar was little changed at 109.69 yen.

The dollar slipped to 0.7258 against the Aussie, losing nearly 0.7%. The Swiss fran slightly weak at 0.9129 a dollar.

Meanwhile, the Loonie firmed to 1.2591 a dollar, gaining from around 1.2655, riding on oil's gains.

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

source http://www.mt5.com/forex_news/quickview/2181609/

South Korea Business Confidence Index Slips In August - BoK

Business sentiment in South Korea ebbed in August, the latest survey from the Bank of Korea showed on Wednesday with a business confidence index score of 95.0 - down from 97.0 in July.

The outlook for the following month rose by 4 points to 96.

In the non-manufacturing sector, the BSI on business conditions for August was 81, up 2 points from the previous month. The outlook for the following month also rose by 3 points to 81.

The Economic Sentiment Index (ESI)-a composite of the BSI and the CSI (Consumer Survey Index) - for August was 105.3, up 1.4 points from July.

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

source http://www.mt5.com/forex_news/quickview/2181608/

*South Korea Business Confidence Index 95.0 In August - BoK

South Korea Business Confidence Index 95.0 In August - BoK

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

source http://www.mt5.com/forex_news/quickview/2181607/

Crude Oil Forecast: EIA Report in Focus as Prices Tackle Confluent Resistance

Crude and Brent oil prices rose alongside broader markets as sentiment rebounded. Traders are focusing on the upcoming EIA inventory report after Australia and New Zealand saw Covid cases rise. Via DailyFX - Market News https://ift.tt/32vveVH

IBEX 35, Euro Stoxx 50 Outlook Remains Constructive, Jackson Hole Symposium Eyed

European stocks look to rebound from their worst week since February, with market participants remaining cautious ahead of Friday's Fed Jackson Hole Economic Policy Symposium. Via DailyFX - Market News https://ift.tt/32vveVH

Crude Oil Futures Settle Higher For 2nd Straight Day

Crude oil prices moved higher on Tuesday, extending gains to a second straight session, as concerns about outlook for energy demand eased a bit amid signs of falling coronavirus infections in China, India and some other countries.

The U.S. drug regulator's decision to grant full approval to the Pfizer/BioNTech SE COVID-19 vaccine, and a subdued dollar too contributed to oil's uptick.

Oil prices were also supported by a fire on an oil platform off Mexico on Sunday, which resulted in the shutdown of 125 wells in the field and likely reduce daily output of oil equivalents by 421,000 barrels.

West Texas Intermediate Crude oil futures for October ended up by $1.90 or nearly 3% at $67.54 a barrel.

Brent crude futures were up 2.17 or 3.19% at $70.54 a barrel a little while ago.

The full FDA approval of Pfizer's COVID-19 vaccine is expected to boost economic recovery and fed demand for fuel.

Speaking from the White House, U.S. President Biden called the approval a key milestone in the nation's fight against COVID. He stressed that inoculation saves lives and that those awaiting final FDA approval no longer have a reason to delay.

Traders now await weekly crude inventories data from the American Petroleum Institute (API) and U.S. Energy Information Administration (EIA). While the API's report is due later today, the EIA is scheduled to release its inventory data Wednesday morning.

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

source http://www.mt5.com/forex_news/quickview/2181606/

Gold Futures Settle Slightly Higher

Gold futures settled higher on Tuesday as the dollar stayed subdued with traders looking ahead to the annual Jackson Hole Symposium for clues about Fed's policy moves.

The dollar moved in a very tight range amid improved risk appetite after U.S. authorities gave full approval for the Pfizer-BioNTech COVID vaccine.

The dollar, which slipped to 92.81 in late morning trades, subsequently recovered to 92.92.

Gold futures for December ended up by $2.20 or 0.1% at $1,808.50 an ounce, closing about $1,800 for a second straight day, and the higest finish in nearly three weeks.

Silver futures for September closed higher by $0.238 at $23.894 an ounce, while Copper futures for September settled at $4.2580 per pound, up $0.0210 from the previous close.

On the economic front, the Commerce Department released a report this morning showing a rebound in U.S. new home sales in the month of July.

The report showed new home sales increased by 1.0 percent to an annual rate of 708,000 in July after slumping by 2.6 percent to an upwardly revised rate of 701,000 in June.

Economists had expected new home sales to jump by 3.6 percent to a rate of 700,000 from the 676,000 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/2181605/

NZD/USD Gains as US Dollar Sinks Despite Falling RBNZ Rate Hike Bets

The New Zealand Dollar is gaining against the US Dollar for a second session as markets shift further into a risk-taking mood. The PBOC's recent pledge to support credit growth is helping underpin ... Via DailyFX - Market News https://ift.tt/32vveVH

How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions. Via DailyFX - Market News https://ift.tt/32vveVH

*Germany Q2 GDP Up 1.6% Q/Q Vs. -2.0% In Q1, Flash 1.5%

Germany Q2 GDP Up 1.6% Q/Q Vs. -2.0% In Q1, Flash 1.5%

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

source http://www.mt5.com/forex_news/quickview/2181583/

*Germany Q2 GDP Up 9.8% Y/Y Vs. -3.3% In Q1, Flash 9.2%

Germany Q2 GDP Up 9.8% Y/Y Vs. -3.3% In Q1, Flash 9.2%

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

source http://www.mt5.com/forex_news/quickview/2181584/

USD/ZAR Breaking News: Rand Slips as SA Unemployment Rate Rises

Downbeat South African unemployment data has added to the rand’s recent woes with USD/ZAR trading marginally higher after a strong start to the week. Via DailyFX - Market News https://ift.tt/32vveVH

Equities Climb as Taper Odds Fall on Covid Concerns - DAX 30, CAC 40 Outlook

Global equites are on the rise again as analysts are now dubious about the Fed’s announcement of asset tapering at Jackson Hole Via DailyFX - Market News https://ift.tt/32vveVH

*Finland July Jobless Rate 7.1% Vs. 7.5% In Last Year

Finland July Jobless Rate 7.1% Vs. 7.5% In Last Year

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source http://www.mt5.com/forex_news/quickview/2181582/

*Finland July Producer Prices Up 14.8% Y/Y, 3.4% M/M

Finland July Producer Prices Up 14.8% Y/Y, 3.4% M/M

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source http://www.mt5.com/forex_news/quickview/2181581/

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

British Pound (GBP) Price Outlook: GBP/USD Rally May Run Out of Steam

The rally so far this week in GBP/USD has been caused entirely by the weakness of the US Dollar and a reversal lower looks likely soon. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Retreat, Wall Street Rally Lead APAC Equities Higher Ahead of Jackson Hole. Where To From Here?

The US Dollar gave up more ground today while Wall Street made another record high as taper concerns fade before Jackson Hole begins. Can USD regain strength? Via DailyFX - Market News https://ift.tt/32vveVH

New Zealand Retail Sales Rise 3.3% In Q2

The total volume of retail sales in New Zealand was up a seasonally adjusted 3.3 percent on quarter in the second quarter of 2021, Statistics New Zealand said on Tuesday - accelerating from 2.8 percent in the three months prior.

The total value of retail sales rose 4.0 percent on quarter (NZ$1.1 billion).

By industry, the largest movements were: electrical and electronic goods retailing - up 6.9 percent; food and beverage services - up 5.6 percent; motor vehicle and parts retailing - up 3.1 percent; pharmaceutical and other store-based retailing - up 7.5 percent; and accommodation - up 11.4 percent.

On a yearly basis, retail sales surged 33.3 percent after gaining 6.6 percent in the previous three months.

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

source http://www.mt5.com/forex_news/quickview/2181580/

South Korea Consumer Confidence Ebbs In August - BoK

Consumer confidence in South Korea dipped slightly in August, according to the latest survey from the Bank of Korea's sentiment index, which came in with a score of 102.5 - down from 103.2 in July.

Consumer sentiment regarding current living standards and their future outlook were unchanged at 91 and 96, respectively.

Consumer sentiment related to future household income was one point higher than in July at 96, and that concerning future household spending was one point lower than in the previous month, at 107.

Consumer sentiment concerning current domestic economic conditions was five points lower than in the previous month, at 77, and that concerning future domestic economic conditions was two points lower than in the previous month, at 90.

The expected inflation rate for the following year was 2.4 percent.

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

source http://www.mt5.com/forex_news/quickview/2181579/

*New Zealand Retail Sales +3.3% On Quarter, +33.3% On Year In Q2

New Zealand Retail Sales +3.3% On Quarter, +33.3% On Year In Q2

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

source http://www.mt5.com/forex_news/quickview/2181578/

*South Korea Consumer Confidence Index 102.5 In August - BoK

South Korea Consumer Confidence Index 102.5 In August - BoK

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source http://www.mt5.com/forex_news/quickview/2181577/

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

Gold Price Forecast: XAU/USD Rises as Bullion Traders Brace for Jackson Hole

Gold prices are pointing higher to kick off the week as the highly anticipated Jackson Hole Economic Policy Symposium approaches. Fed Chair Powell's messaging on taper talks are vital to XAU's dire... Via DailyFX - Market News https://ift.tt/32vveVH

New Zealand Retail Sales Data Due On Tuesday

New Zealand will on Tuesday release Q2 figures for retail sales, highlighting a light day for Asia-Pacific economic activity. In the previous three months, retail sales were up 2.5 percent on quarter and 6.8 percent on year.

Thailand will provide July numbers for imports, exports and trade balance. Imports are expected to spike 43 percent on year, slowing from 53.75 percent in June. Exports are called higher by an annual 19.7 percent, down from 43.82 percent in the previous month. The trade surplus is pegged at $0.94 billion, down from $0.95 billion a month earlier.

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

source http://www.mt5.com/forex_news/quickview/2181576/

U.S. Dollar Drifts Lower Against Major Rivals

The U.S. dollar, which rose to an over 2-month high last week, came off that level on Monday as concerns about Fed taper faded a bit after data showed a slowdown in U.S. business activity in August.

According to preliminary estimate, the IHS Markit US Services PMI declined to 55.4 in August, falling for a third straight month, from 59.9 in July. Economists had expected the reading to come in at 58.3.

The IHS Markit US Manufacturing PMI fell to 61.2 in August from 63.4 in July, below market forecasts of 62.5. The IHS Markit US Services PMI dropped to 55.2 in August, falling for a third month, and from an all-time high of 70.4 in May.

Data from National Association of Realtors (NAR) said existing home sales in the US increased by 2% month-on-month to 5.99 million in July, beating forecasts for a rise to 5.83 million.

The dollar index slid to 92.95, down by about 0.6%.

Against the Euro, the dollar weakened to $1.1746, giving up nearly 0.4%. Eurozone private sector logged one of the strongest growth seen over the past two decades in August as the further reopening of the economy underpinned expansion in the services activity, flash survey results from IHS Markit showed.

The flash composite output index declined to 59.5 from a 15-year high of 60.2 in the previous month. The reading was forecast to fall marginally to 59.7.

The Pound Sterling strengthened against the dollar, climbing to $1.3724, more than 0.7% up from Friday's close. The UK private sector growth eased sharply in August largely due to staff shortages and supply chain issues, flash survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed.

The flash composite output index decreased to a six-month low of 55.3 in August from 59.2 in July. The score was forecast to drop to 58.4.

Against the Japanese currency, the dollar eased to 109.69 yen from 109.79.

Against the Aussie, the dollar weakened to 0.7213 from 0.7132.

The Swiss franc firmed to 0.9124 against the dollar. The Loonie strengthened to 1.2648 a dollar as crude oil prices climbed sharply.

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

source http://www.mt5.com/forex_news/quickview/2181575/

Dow Jones Advances on Vaccine Optimism, Hang Seng May Follow Higher

The cyclically-oriented sectors led the gains on Wall Street after the FDA granted full approval to Pfizer-BioNTech’s Covid vaccine. Asia-Pacific markets opened higher following a strong US lead. Via DailyFX - Market News https://ift.tt/32vveVH

Crude Oil Futures Settle Sharply Higher

Crude oil futures settled sharply higher on Monday, snapping a seven-day losing streak and posting their biggest single-session gain in percentage terms in about five months.

Optimism about growth, and a weak dollar contributed to oil's sharp uptick.

West Texas Intermediate Crude oil futures for October ended down by $3.50 or about 5.6% at $65.64 a barrel, snapping their longest losing streak in nearly two years. WTI crude futures shed about 9% last week.

Brent crude futures gained $5.37 or about 5.5% to $68.75 a barrel.

Oil prices tumbled last week amid rising worries about outlook for energy demand due to a surge in coronavirus cases and possible fresh lockdown measures in several countries across the world.

Global equities rose today despite persistent worries about the COVID-19 Delta variant.

Meanwhile, investors await more clarity from the Fed on the tapering timeline as the Delta variant of the coronavirus continues to spread across the globe, forcing countries to impose nationwide as well as local lockdown.

Iran had last week tightened curbs to contain the spread of the virus.

New Zealand extended a national COVID-19 lockdown on August 23, while Australia imposed strict lockdown in two of its biggest cities Sydney and Melbourne.

China has taken a zero-tolerance approach towards containing new infections.

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

source http://www.mt5.com/forex_news/quickview/2181574/

Gold Futures Settle At Near 3-week High As Dollar Drifts Lower

Gold prices moved higher on Monday, pushing the most active gold futures contracts to a firm close at a near 3-week high, as the dollar shed ground.

Traders looked ahead to the upcoming Jackson Hole Symposium, scheduled to take place virtually on Friday. Federal Reserve Chairman Jerome Powell's speech at the symposium is likely to provide clues about when the central bank will start tapering its asset buying program.

The dollar index dropped to 92.99, losing more than 0.5%, amid increased risk appetite. Investors also reacted to Dallas Fed President Robert Kaplan's comments on Friday that he might reconsider the need for an early start to tapering if the virus harms the economy.

Gold futures ended up by $22.30 or about 1.3% at $1,806.30 an ounce, the highest settlement since August 5.

Silver futures for September ended higher by $0.544 or about 2.4% at $23.656 an ounce, while Copper futures settled at $4.2370 per pound, gaining $1.000 or 2.4%.

In economic news, Eurozone private sector logged one of the strongest growth seen over the past two decades in August as the further reopening of the economy underpinned expansion in the services activity, flash survey results from IHS Markit showed.

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

source http://www.mt5.com/forex_news/quickview/2181573/

US Dollar Outlook: Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP

The US Dollar rose against the Singapore Dollar, Thai Baht and Indonesian Rupiah. While ASEAN Covid case growth is slowing, all eyes next week are on the Fed’s Jackson Hole Economic Policy Symposium. Via DailyFX - Market News https://ift.tt/32vveVH

New Zealand Dollar Forecast: NZD/USD May Rise After Bright Q2 Retail Sales Data

The New Zealand Dollar is benefiting from risk-on flows after markets recovered from last week's drop. A better-than-expected Q2 retail sales figure out of New Zealand may boost NZD/USD further. Via DailyFX - Market News https://ift.tt/32vveVH

Bitcoin (BTC) Breaks Above $50k, Cardano (ADA) Hits Another Record High

Bitcoin cracks $50k, Cardano hits another all-time high, while Ethereum nears $3,500 as cryptocurrencies enjoy a bullish weekend. Via DailyFX - Market News https://ift.tt/32vveVH

Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success. Via DailyFX - Market News https://ift.tt/32vveVH

*Singapore July Inflation 2,5% Vs. 2.4% In June

Singapore July Inflation 2,5% Vs. 2.4% In June

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

source http://www.mt5.com/forex_news/quickview/2181517/

*Estonia July CPI Up 14.8% Y/Y, 4.0% M/M

Estonia July CPI Up 14.8% Y/Y, 4.0% M/M

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

source http://www.mt5.com/forex_news/quickview/2181516/

*Dutch August Consumer Confidence -6 Vs. -4 In July

Dutch August Consumer Confidence -6 Vs. -4 In July

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source http://www.mt5.com/forex_news/quickview/2181515/

UK, EZ PMIs Drop But Retain Good Momentum - EUR, GBP Drifting Higher

EUR/USD and GBP/USD avoid further losses as buyers regain momentum Via DailyFX - Market News https://ift.tt/32vveVH

What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair. Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Outlook: Are the Fed Growing Concerned Over Covid?

US Dollar softer to start the week. Fed hawk signals Covid concern Via DailyFX - Market News https://ift.tt/32vveVH

Crude Oil Prices Find Reprieve as the US Dollar Wobbles Before Jackson Hole. Where To From Here?

The US Dollar gave up some ground today but, still remains at elevated levels ahead of the Jackson Hole Symposium. Crude oil prices rose, but will the downtrend continue? Via DailyFX - Market News https://ift.tt/32vveVH

Japan Manufacturing PMI Ebbs In August - Jibun

The manufacturing sector in Japan continued to expand in August, albeit at a slower rate, the latest survey from Jibun Bank showed on Monday with a manufacturing PMI score of 52.4.

That's down from 53.0 in July, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

New order inflows saw a sustained increase, although the pace of growth was the slowest since January, while severe supply chain disruption hampered the receipt of inputs for production.

Nonetheless, manufacturers were confident that demand would continue to increase, with expectations regarding future output remaining strong, which encouraged firms to increase staffing levels at the quickest pace since January 2020. That said, the overall degree of optimism was the softest for 13 months.

The survey also showed that the services PMI fell from 46.4 in July to 43.5 in August, while the composite slipped from 48.8 in July to 45.9 this month.

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

source http://www.mt5.com/forex_news/quickview/2181514/

*Japan Composite Index 45.9 In August - Jibun

Japan Composite Index 45.9 In August - Jibun

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source http://www.mt5.com/forex_news/quickview/2181513/

*Japan Services PMI 43.5 In August - Jibun

Japan Services PMI 43.5 In August - Jibun

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

source http://www.mt5.com/forex_news/quickview/2181512/

*Japan Manufacturing PMI 52.4 In August - Jibun

Japan Manufacturing PMI 52.4 In August - Jibun

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

source http://www.mt5.com/forex_news/quickview/2181511/

Gold Prices Eyeing Resistance at 1785 as Traders Await Jackson Hole

Gold prices advanced to $1,785 during Monday’s APAC trade as the DXY US Dollar index retreated for a second day. Traders are eyeing this week’s Jackson Hole symposium for clues about the Fed’s next... Via DailyFX - Market News https://ift.tt/32vveVH

As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets. Via DailyFX - Market News https://ift.tt/32vveVH

Australia Manufacturing PMI Slows In August - Markit

The manufacturing sector in Australia continued to expand in August, albeit at a much slower rate, the latest survey from Markit Economics showed on Monday with a 14-month low manufacturing PMI score of 51.7.

That's down from 56.9 in July, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

New orders and output both fell into contraction territory, ending the 13-month growth streaks across both indices. While the lingering disruptions from the COVID-19 pandemic affected both demand and production, firms also reported that supply issues had constrained output. Indeed, suppliers' delivery times continued to lengthen, and at the most severe pace since April 2020.

Price pressures eased slightly in August, though both input costs and output charges continued to increase at rates well above their respective survey averages. Firms were generally cautious with regards to their input inventories, which were broadly unchanged from July, but held a slightly more positive view towards output in the next 12 months.

The survey also showed that the services PMI fell from 44.2 in July to 43.3 in August, while the composite slipped from 45.2 in July to 43.5 this month.

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

source http://www.mt5.com/forex_news/quickview/2181510/

*Australia Composite PMI 43.5 In August - Markit

Australia Composite PMI 43.5 In August - Markit

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source http://www.mt5.com/forex_news/quickview/2181507/

*Australia Manufacturing PMI 51.7 In August - Markit

Australia Manufacturing PMI 51.7 In August - Markit

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source http://www.mt5.com/forex_news/quickview/2181508/

*Australia Services PMI 43.3 In August - Markit

Australia Services PMI 43.3 In August - Markit

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source http://www.mt5.com/forex_news/quickview/2181509/

US Dollar Outlook: Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP

The US Dollar rose against the Singapore Dollar, Thai Baht and Indonesian Rupiah. While ASEAN Covid case growth is slowing, all eyes next week are on the Fed’s Jackson Hole Economic Policy Symposium. Via DailyFX - Market News https://ift.tt/32vveVH

Australia Manufacturing PMI Data Due On Monday

Australia will on Monday see August results for the manufacturing, services and composite PMIs from Markit Economics, highlighting a modest day for Asia-Pacific economic activity. In July, their scores were 56.9, 44.2 and 45.2, respectively.

Japan will see August results for the manufacturing, services and composite PMIs from Jibun Bank; in July, their scores were 53.0, 47.4 and 48.8, respectively.

Singapore will release July figures for consumer prices; in June, overall inflation was flat on month and up 2.4 percent on year, while core CPI rose 0.6 percent on year.

Taiwan will provide July numbers for unemployment, industrial production and retail sales. In June, the jobless rate was 4.76 percent, industrial production jumped 18.37 percent on year and retail sales tumbled an annual 13.3 percent.

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

source http://www.mt5.com/forex_news/quickview/2181506/

S&P 500 Advance May Lift Nikkei 225, Traders Eyeing Jackson Hole

Wall Street stocks advanced on Friday as investors took the recent selloff as an opportunity to buy more. Asia-Pacific markets look set to open higher ahead of the Jackson Hole symposium this week. Via DailyFX - Market News https://ift.tt/32vveVH

Australian Dollar Forecast: AUD/USD Troubles Intensify After Bleak PMIs

The Australian Dollar may face a hard time recovering losses from last week's big drop versus the Greenback after soft PMIs opened the week in APAC trading. Via DailyFX - Market News https://ift.tt/32vveVH

Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta

Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed symposium on tap. Via DailyFX - Market News https://ift.tt/32vveVH

Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta

Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed symposium on tap.

Equities Gear Up for Jackson Hole Symposium: DAX 30, S&P 500 Key Levels to Watch

Investors turn their focus to the Jackson Hole Symposium as global stocks suffer a setback

Equities Gear Up for Jackson Hole Symposium: DAX 30, S&P 500 Key Levels to Watch

Investors turn their focus to the Jackson Hole Symposium as global stocks suffer a setback Via DailyFX - Market News https://ift.tt/32vveVH

Fundamental Forecast For the Week Ahead: USD/ZAR, GBP/ZAR, EUR/ZAR

Emerging market currencies have continued to underperform relative to select G10 counterparts as risk appetite fades. Jackson Hole and US data ahead

Fundamental Forecast For the Week Ahead: USD/ZAR, GBP/ZAR, EUR/ZAR

Emerging market currencies have continued to underperform relative to select G10 counterparts as risk appetite fades. Jackson Hole and US data ahead Via DailyFX - Market News https://ift.tt/32vveVH

Euro Forecast: Further EUR/USD Weakness in Store

Last Thursday's dramatic drop in EUR/USD below the critical 1.17 level has opened the way for further steep losses in the pair although some consolidation either side of 1.17 is likely first.

Euro Forecast: Further EUR/USD Weakness in Store

Last Thursday's dramatic drop in EUR/USD below the critical 1.17 level has opened the way for further steep losses in the pair although some consolidation either side of 1.17 is likely first. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Price Tethers as Rapport with USD and Treasury Yields Is Tested

A quite week for spot gold after a rollercoaster August. Markets await further guidance as Jackson Hole Symposium looms. XAU/USD looks to dollar drivers.

Gold Price Tethers as Rapport with USD and Treasury Yields Is Tested

A quite week for spot gold after a rollercoaster August. Markets await further guidance as Jackson Hole Symposium looms. XAU/USD looks to dollar drivers. Via DailyFX - Market News https://ift.tt/32vveVH

Weekly Fundamental US Dollar Forecast: More Tapering Hints at Jackson Hole

The US Dollar (via the DXY Index) has moved up to fresh yearly highs as traders have begun to anticipate the Fed’s stimulus withdrawal.

Weekly Fundamental US Dollar Forecast: More Tapering Hints at Jackson Hole

The US Dollar (via the DXY Index) has moved up to fresh yearly highs as traders have begun to anticipate the Fed’s stimulus withdrawal. Via DailyFX - Market News https://ift.tt/32vveVH

Bitcoin, Ethereum Pushing Towards Fresh Multi-Week Highs, Alt-Coin Rally Resumes

The cryptocurrency market is looking in good shape ahead of the weekend with prices breaking out of their recent consolidation phase and pressing higher.

Bitcoin, Ethereum Pushing Towards Fresh Multi-Week Highs, Alt-Coin Rally Resumes

The cryptocurrency market is looking in good shape ahead of the weekend with prices breaking out of their recent consolidation phase and pressing higher. Via DailyFX - Market News https://ift.tt/32vveVH

Dollar Retreats After Climbing To Near 10-month High

The U.S. dollar climbed to a near 10-month high on Friday, as uncertainty about the pace of global economic recovery due to surging coronvirus cases pushed up the demand for the safe-haven currency.

The dollar's cause was supported by Fed taper talks as well. However, the greenback retreated and pared its gains as the day progressed.

The dollar index rose to 93.73 in early New York session, but turned weak subsequently and slid to 93.44, down 0.14% from the previous close.

Against the Euro, the dollar weakened to $1.1704, after having firmed to $1.1665 earlier in the day.

The Pound Sterling recovered to $1.3625 a unit, from a low of $1.3602. Data showed a surprise fall in U.K. retail sales last month. Sales volumes fell by 2.5% from June, marking the biggest drop since January when Britain returned to lockdown.

The Yen was slightly weak against the dollar at 109.81. Official data showed overall consumer prices in Japan were down 0.3% year-on-year in July. That missed expectations for a flat reading following the downwardly revised 0.5% contraction in June.

Against the Aussie, the dollar gained marginally, recovering to 0.7140 from 0.7147.

The Swiss franc firmed to 0.9169 a dollar, gaining more than 0.2%, while the Loonie recovered from a low of 1.2951 a dollar, to $1.2830.

Data from Statistics Canada showed retail sales climbed 4.2% in June compared to a month earlier. However, the data showed retail sales likely fell 1.7% in July. Retail Sales in Canada increased 6.2% in June of 2021 over the same month in the previous year.

Retail Sales Excluding Autos in Canada increased 4.7% month-on-month in June, the first increase in three months.

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

source http://www.mt5.com/forex_news/quickview/2181505/

Oil Futures Extends Losing Streak To 7th Session

Crude oil futures drifted lower on Friday amid worries about outlook for energy demand due to spikes in coronavirus cases and possible fresh restrictions on movements in several countries.

A stronger dollar amid China's crackdown on the once high-flying technology firms and rising prospects of tighter monetary measures from the Federal Reserve also weighed on crude oil prices.

West Texas Intermediate Crude oil futures for September ended down by $1.37 or about 2.2% at $62.32 a barrel, on the expiration day.

New front-month contract, WTI crude futures for October shed $1.36 or about 2.1%. WTI futures have now shed about 10.4% in seven sessions.

Brent crude futures were down $1.37 or 2.07% at $65.08 a barrel.

According to a report released by Baker Hughes, the total count of U.S. active drilling rigs increased by three to 503 this week.

Drilling rigs targeting crude oil rose by 8 to 405 after rising by 10 in the previous week. Gas rigs fell by 5 to 97 this week. The total count is roughly double the 254 rigs actively drilling a year ago.

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

source http://www.mt5.com/forex_news/quickview/2181504/

Treasuries Move Modestly Lower Amid Strength On Wall Street

After ending the previous session firmly positive, treasuries moved back to the downside during the trading day on Friday.

Bond prices initially showed a lack of direction but slid into the red as the session progressed. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 1.8 basis points to 1.260 percent.

The weakness that emerged among treasuries came as stocks on Wall Street showed a notable move to the upside on the day.

With the upward move on the day, stocks have regained ground following the sharp pullback seen during trading on Tuesday and Wednesday.

The major averages fell to their lowest levels in almost a month amid concerns about the outlook for monetary policy following the release of the minutes of the latest Federal Reserve meeting.

The Fed minutes indicated most officials were in favor of beginning to scale back the central bank's asset purchase program later this year.

However, there was some disagreement about the timing of tapering asset purchases, and analysts have pointed out that some disappointing economic data has been released since the July meeting.

Uncertainty about the outlook for monetary policy may lead traders to keep a close eye on upcoming economic data ahead of the Fed's next meeting in September.

Unfortunately, the economic calendar for next week is relatively light, although traders are likely to keep an eye on reports on durable goods orders and personal income and spending.

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

source http://www.mt5.com/forex_news/quickview/2181503/

Gold Futures Settled Slightly Higher

Gold futures edged up marginally on Friday even as the dollar continued to find some support amid Fed taper talks.

Surging coronavirus cases, and geopolitical concerns following the developments in Afghanistan where the Taliban has taken control, prompted investors to lean towards the safe-haven commodity.

The dollar index, which rose to 93.73, subsequently retreated to 93.44. It was last seen at 93.53, down marginally from the previous close.

Gold futures for December ended up by $0.90 or about 0.05% at $1,784.00 an ounce. Gold futures gained 0.3% in the week.

Silver futures for September ended lower by $0.118 at $23.112 an ounce, while Copper futures for September settled at $4.1370 per pound, up $0.0960 from the previous close.

The dollar strengthened across the board earlier in the day as China's crackdown on the once high-flying technology firms and rising prospects of tighter monetary measures from the Federal Reserve dented risk sentiment.

A rout in Chinese technology giants deepened today after Chinese authorities passed a major data protection law, along the lines of Europe's Global Data Protection Regulation, making it harder and costlier for tech firms in China to access and use consumer information.

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

source http://www.mt5.com/forex_news/quickview/2181502/

Australian Dollar Outlook: AUD/USD Downside Risks as the US Dollar Soars

The Australian Dollar will be under pressure to shrug off a strengthening USD as commodities risks increase, Delta spreads and the Fed moves into view.

Australian Dollar Outlook: AUD/USD Downside Risks as the US Dollar Soars

The Australian Dollar will be under pressure to shrug off a strengthening USD as commodities risks increase, Delta spreads and the Fed moves into view. Via DailyFX - Market News https://ift.tt/32vveVH

European Economics Preview: UK PSNB, Retail Sales Data Due

Retail sales and the public sector borrowing figures from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales and government borrowing figures. Retail sales are forecast grow 0.4 percent on month in July, following a 0.5 percent rise in June.

The UK budget deficit is seen narrowing to GBP 11.03 billion in July from GBP 22.02 billion in June.

In the meantime, producer prices from Germany and GDP data from Norway are due. Economists forecast Germany's producer price inflation to rise to 9.2 percent in July from 8.5 percent in June.

At 4.00 am ET, current account data is due from Greece and retail sales data from Poland.

At 6.00 am ET, Ireland's wholesale price figures are due for July.

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

source http://www.mt5.com/forex_news/quickview/2181465/

*China Holds One-year Loan Prime Rate At 3.85%

China Holds One-year Loan Prime Rate At 3.85%

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

source http://www.mt5.com/forex_news/quickview/2181463/

*China Maintains Five-year Loan Prime Rate At 4.65%

China Maintains Five-year Loan Prime Rate At 4.65%

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

source http://www.mt5.com/forex_news/quickview/2181464/

New Zealand Credit Card Spending Declines In July

New Zealand credit card spending declined for the second month in July, the Reserve Bank of New Zealand said on Friday.

Credit card spending decreased 0.6 percent on a monthly basis in July, following a 1.0 percent decline in June. Spending declined for second straight month.

On a yearly basis, growth in credit card spending rose to 6.9 percent in July from 6.4 percent in the previous month.

Domestic card billing grew 1.9 percent on month after falling 3.7 percent a month ago.

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

source http://www.mt5.com/forex_news/quickview/2181462/

EUR/USD Outlook - Pointing Lower as US Dollar Strength Remains in Control

EUR/USD continues to trade below 1.1700 as the US dollar probes fresh nine-month highs. Via DailyFX - Market News https://ift.tt/32vveVH

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

*New Zealand Jul Credit Card Spending +6.9% On Year Vs. +6.4% In June

New Zealand Jul Credit Card Spending +6.9% On Year Vs. +6.4% In June

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

source http://www.mt5.com/forex_news/quickview/2181461/

GBP/USD Threatening to Drop Below 1.36, UK Retail Sales Drop Unexpectedly

GBP continues to slide as retail sales add to concern that demand and growth are slowing Via DailyFX - Market News https://ift.tt/32vveVH

US Dollar Holds High Ground. China Cracks Down as Risk Assets Eye Fed. Does AUD/USD Continue Lower?

The US Dollar moved sideways in Asia while Chinese equities melted under crackdowns and Delta variant concerns that continue to sway markets. Via DailyFX - Market News https://ift.tt/32vveVH

Gold Price Rise Stalled as the US Dollar and Bond Yields Clash

A spirited gold price rise ground to a halt as churning Fed policy speculation drove divergence between the US Dollar and Treasury bond yields. The Jackson Hole symposium is eyed ahead. Via DailyFX - Market News https://ift.tt/32vveVH

Japan Overall Inflation Sinks 0.3% On Year In July

Overall consumer prices in Japan were down 0.3 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday.

That missed expectations for a flat reading following the downwardly revised 0.5 percent contraction in June (originally up 0.2 percent).

On a seasonally adjusted monthly basis, overall inflation was up 0.2 percent - matching forecasts and slowing from 0.3 percent in the previous month.

Core CPI, which excludes volatile food costs, was down 0.2 percent on year - exceeding expectations for a decline of 0.4 percent following the downwardly revised 0.5 percent drop a month earlier (originally up 0.2 percent).

Core CPI was up 0.4 percent on month.

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

source http://www.mt5.com/forex_news/quickview/2181460/