Forex News from InstaForex

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  1. #821
    Senior Member IFX Gertrude's Avatar
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    Forex News from InstaForex
    EUROPEAN ECONOMICS PREVIEW: SPAIN UNEMPLOYMENT DATA DUE



    Unemployment from Spain and producer prices from euro area are due on Tuesday, headlining a light day for the European economic news.

    At 3.00 am ET, Spain's monthly unemployment data for July is due from the labor ministry. Unemployment declined by a record 166,911 in June.

    In the meantime, the Swiss State Secretariat for Economic Affairs is set to issue quarterly consumer confidence survey results.

    Also, consumer and producer prices are due from Turkey. Inflation is forecast to climb further to 18.50 percent in July from 17.53 percent in June.

    At 5.00 am ET, Eurostat is set to issue euro area producer prices for June. Economists expect producer price inflation to rise to 10.3 percent from 9.6 percent in May.

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    HONG KONG PRIVATE SECTOR PMI EASES TO 51.3 - MARKIT



    The private sector in Hong Kong continued to expand in July, albeit at a slower pace, the latest survey from Markit Economics revealed on Wednesday with a PMI score of 51.3.

    That's down from 51.4, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

    The Output and New Orders indices both expanded in July, signaling the fourth consecutive month of growth across both gauges. Rates of expansion also improved in July with panelists noting better economic and consumer confidence, given the control of the COVID-19 virus, driving the increase in activity.

    Foreign demand for Hong Kong SAR private sector goods and services however eased for a second straight month and at a faster pace compared to June.

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  3. #823
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    in ro ham eslah kon:
    00EURO MIXED AHEAD OF GERMAN FACTORY ORDERS



    At 2.00 am ET Thursday, Germany factory orders data is due from Destatis. Economists expect orders to grow 1.9 percent on month in June, reversing a 3.7 percent fall in May.

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

    The euro was worth 129.79 against the yen, 1.0738 against the franc, 0.8519 against the pound and 1.1836 against the greenback as of 1:55 am ET.

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