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Author Topic: Forex News from InstaForex
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Gertrude
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Post Re: Forex News from InstaForex
on: January 11, 2018, 04:57
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Global Economy to Rise to 3.1% in 2018 - World Bank

The World Bank is expecting global economic expansion to increase to 3.1 percent this year following a much stronger-than-expected 2017, as the rebound in investment, manufacturing, and trade continues, while commodity-exporting developing economies benefit from firming commodity prices.

The world's economic output expanded three percent last year as more than half of economies accelerated, due to a rebound in investment, manufacturing activity and trade, bank economists said.

However, the World Bank warned that over the longer term, slowing potential growth—a measure of how fast an economy can expand when labor and capital are fully employed—puts at risk gains in improving living standards and reducing poverty around the world.

Expansion in advanced economies is expected to moderate slightly to 2.2 percent in 2018.

Growth in emerging market and developing economies as a whole is seen to strengthen to 4.5 percent this year, as activity in commodity exporters continues to recover.

The slowdown in potential growth is the result of years of weakening productivity growth, weak investment, and the aging of the global labor force. The deceleration is widespread, affecting economies that account for more than 65 percent of global GDP.

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Post Re: Forex News from InstaForex
on: January 12, 2018, 04:27
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China Exports Rise More Than Forecast

China's exports grew at a faster-than-expected pace in December, data from the General Administration of Customs showed Friday.

In dollar terms, exports advanced 10.9 percent year-over-year in December, just above the 10.8 percent rise economists had forecast.

Imports increased 4.9 percent in December from a year ago, much slower than the expected growth of 15.1 percent.

The trade surplus totaled $54.69 billion in December versus the expected surplus of $37.0 billion.

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Post Re: Forex News from InstaForex
on: January 12, 2018, 05:02
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U.S. Producer Prices Drop, Unemployment Claims Rise

U.S. producer prices dropped for the first time in almost 1-½ years in December amid falling costs for services, which could weigh on expectations that inflation will pick up this year.

Separate data showed that initial claims for jobless benefits rose for the fourth consecutive week to over a three-month peak. Winter and snow in parts of the United States likely kept some workers at home, which accounts for the previous week's rise in unemployment claims.

The U.S. Federal Reserve is projecting three rate hikes for 2018. It raised rates three times in 2017.

According to the Labor Department, its producer price index for final demand dropped 0.1 percent in December. It was the first decline in the PPI since August 2016 and followed two consecutive monthly growth of 0.4 percent.

The PPI increased 2.6 percent from the same period in 2016, after accelerating 3.1 percent in November.

A key gauge of underlying producer price pressures, excluding food, energy and trade services, climbed 0.1 percent in December. The so-called core PPI rose 0.4 percent in November. It increased 2.3 percent in the 12 months through December after rising 2.4 percent in November.

In the separate report, the Labor Department said initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 261,000 for the week ended Jan. 6, the highest level since late September.

Claims have risen since mid-December, though the data tend to be volatile during year-end holidays.

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Post Re: Forex News from InstaForex
on: January 15, 2018, 04:58
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New Zealand Food Prices Fall For Fourth Month

New Zealand's food prices declined for the fourth straight month in December, figures from Statistics New Zealand showed Monday.

Food prices dropped 0.8 percent month-over-month in December, faster than the 0.4 percent fall in November.

Grocery food and seasonally cheaper fruit and vegetables were the main factors in the dip in food costs.

After four successive monthly rises, butter prices dropped 4.9 percent.

On a yearly basis, food prices grew at a stable rate of 2.3 percent in December.

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Post Re: Forex News from InstaForex
on: January 15, 2018, 05:24
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Asian Stocks Rise on Upbeat Economic Growth Outlook

Asian stocks started 2018 on a strong foot and are on track for a new record peak amid optimism in global growth.

Equity markets from Sydney to Hong Kong gained. U.S. markets are closed on Monday for the Martin Luther King Jr. holiday after the S&P 500 index ended on Friday at an all-time peak.

Japanese shares were advancing even after appreciation in the yen the past week, with Softbank Group benefiting from speculation of a listing for its mobile unit.

Developments in the global economy have been lifting morale in the early part of this year while equities are building on the impressive gains from 2017.

Retail sales fuelled optimism in the American economy and JPMorgan Chase & Co. signaled that the recent tax reduction law will raise profits. A pick up in U.S. core inflation offered another indication that the recovery is gathering pace nine years following the global recession.

Money managers will evaluate progress in corporate America this week with more earnings releases, while results are scheduled across the world from companies in a range of sectors. Growth data from China will also be in focus this week, as well as ongoing negotiations to form a coalition government in Germany.

Meanwhile, the dollar remains weak, pulled down by strong gains in the euro.

The common currency remained near a three-year peak on wagers that central bank stimulus will be pared back further in Europe as its economy mends.

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Post Re: Forex News from InstaForex
on: January 16, 2018, 03:58
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BRAZIL: Ibovespa Rises To New Record On Expiring Stock Options

Ibovespa, the benchmark stock index in Brazil, rose 0.51% to 79,752.37 points Monday - a new record settlement - influenced by expiring stock options and data suggesting that the economic recovery in the country gained strength in November. The United States market holiday limited the local trading volume.

Analysts said that the Ibovespa might be pricing a conviction of the former Brazilian President Luiz In?cio Lula da Silva in a trial scheduled for January 24. A court defeat could bar Lula from running for President in October.

"The holiday in the United States removes liquidity from the stock market, but investors are expecting January 24 much more than anything else, and apparently the stakes continue to be at Lula's conviction," said the chief economist of Home Broker Modalmais, Alvaro Bandeira. In the short term, analysts expect Ibovespa to follow a bullish trend. The index remained at record levels even after Brazil's rating downgrade by S&P last week.

For Bandeira, the inflow of foreign investment has offset bad news and helped to sustain Ibovespa's good momentum. However, Rico Investimentos analyst Roberto Indech noted that this week brings some data in Brazil and abroad that may weigh on the stocks.

Meanwhile, the locally traded U.S. dollar turned positive in the final stretch of the trading day. The greenback's performance was influenced by the holiday of Martin Luther King in the United States, which reflected in lower trading volume. As a result, the locally traded currency closed slightly higher (+0.09%), at R$ 3,210.

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Post Re: Forex News from InstaForex
on: January 16, 2018, 04:40
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Global Automakers Urge Trump Administration Not to Terminate NAFTA

Major automakers urged the Trump administration not to terminate the North American Free Trade Agreement and hopes that the United States, Canada and Mexico will be able to conclude a modernized and improved trade pact.

Trump has threatened to withdraw from NAFTA, which is heavily utilized by automakers that have production and supply chains spread across the three countries.

Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said he hoped the Trump administration would “retune” some of its trade talk demands.

Marchionne said FCA's truck production shift in part “goes a long way I think in addressing some of President Trump's concerns about the dislocation of production capacity out of the United States.”

That decision reduces the risk those trucks would be hit with a 25 percent tariff if NAFTA unravels.

Ford Motor Co CEO Jim Hackett said NAFTA needs “to be modernized,” adding that of Detroit's Big Three automakers, Ford has the highest percentage of U.S.-built vehicles.

General Motors CEO Mary Barra expressed optimism NAFTA will survive with improvements. Other senior GM executives stood by the company's plans to continue building trucks in Mexico.

Prime News are provided by InstaForex

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Post Re: Forex News from InstaForex
on: January 16, 2018, 07:58
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Post Re: Forex News from InstaForex
on: January 17, 2018, 04:25
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Singapore NODX Rises Less Than Expected In December

Singapore's non-oil domestic exports increased at a slower-than-expected pace in December, data from the International Enterprise Singapore showed Wednesday.

NODX climbed 3.1 percent year-over-year in December, well below the 9.1 percent spike in November. Economists had expected a 8.6 percent rise for the month.

Exports of electronic products declined 5.3 percent annually in December, reversing a 5.1 percent growth in November.

At the same time, non-electronic NODX rose 6.8 percent after expanding 10.6 percent in the prior month.

On a monthly basis, NODX decreased a seasonally adjusted 5.0 percent in December, following a 8.6 percent gain in

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Post Re: Forex News from InstaForex
on: January 17, 2018, 04:56
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UK Inflation Rate Drops to 3%, the First Decline for 6 Months

UK inflation rate has dropped for the first time since June, mainly due to the impact of air fares. The rate fell to three percent in December, pulling back from November's rate of 3.1 percent, a six-year peak.

According to the Office for National Statistics, although airfares increased the previous month, it had a smaller impact than at the same point in 2016.

Inflation fell because the annual December rise in air fares was not as high as the previous year, the rate of price growth for recreational goods, including games and toys, also dropped. These categories are particularly sensitive to a fall in the exchange rate.

The ONS said it was too early to say whether this was the start of a longer-term reduction in the rate of inflation. It also notes that the slowing rate of growth was offset partially by higher tobacco prices, reflecting the duty increases that came into effect following the budget, as well as a rise in petrol and diesel prices.

The Bank of England has said it thinks inflation peaked at the end of 2017 and will fall back to its target of two percent in 2018.

Although the Bank may still look to raise interest rates from 0.5 percent, pushing the cost of borrowing to levels unseen since before the financial crisis, economists said there were still difficult patches ahead for the economy, which may be unsettled by the Brexit negotiations.

In November, the Bank's Monetary Policy Committee (MPC) raised its key interest rate for the first time in more than a decade from 0.25 percent to 0.5 percent.

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