Jump to content

InstaForex Gertrude

Members
  • Content count

    707
  • Joined

  • Last visited

  • Days Won

    1

InstaForex Gertrude last won the day on June 13 2016

InstaForex Gertrude had the most liked content!

1 Follower

About InstaForex Gertrude

  • Rank
    Advanced Member

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. InstaForex Gertrude

    Forex News from InstaForex - 2

    Wall Street Gains as US-China Trade War Fears Ease Stocks ended higher on Monday as trade tensions between the U.S. and China eased for the moment, while investor sentiment was also lifted by news of dealmaking activity. The Dow Jones industrial average soared 298.20 points to 25,013.29. Boeing, Caterpillar and United Technologies, big exporters likely to benefit from easing trade tensions, were the best-performing stocks in the index. Monday also marked the first time since mid-March that the Dow closed above 25,000. The S&P 500 rose 0.7 percent to 2,733.01 as industrials were up 1.5 percent. The Nasdaq composite gained 0.5 percent as 7,394.04 as semiconductors pushed tech higher. U.S. Treasury Secretary Steven Mnuchin said on Sunday the United States and China had agreed to drop their tariff threats on billions of dollars worth of each country's goods, while China on Monday praised a significant dialing back of tensions. Nine of the 11 major S&P sectors were higher, led by the technology sector's 1.21 percent gain. Apple, which counts China as major growth market, rose 1.4 percent, giving the biggest boost to the S&P 500 and the Nasdaq. The industrial sector gained 1.20 percent, led by a 2.4 percent jump in Boeing, which sells about a fourth of its commercial aircraft to Chinese customers. Caterpillar gained 2.3 percent. Wall Street also got a boost on Monday amid a slew of dealmaking news. General Electric will merge its transportation business with Wabtec — a rail equipment maker — in a deal worth $11.1 billion. GE shares rose 2 percent. Meanwhile, Fifth Third Bancorp agreed to buy MB Financial for $4.7 billion in cash and stock. MB Financial shares soared 12.9 percent. Prime News are provided by InstaForex
  2. InstaForex Gertrude

    Forex News from InstaForex - 2

    Japan Exports Increased in April The value of Japan's exports grew at fastest pace in three months in April partly due to a boost in shipments to the US but still ended up missing economist expectations. Exports in April increased 7.8 percent year on year, according to figures from the Ministry of Finance, accelerating from a rise of 2.1 percent in March but still fell short of a median estimate of 8.1 percent from economists polled by Reuters. The value of outbound shipments to Asia accelerated to a year-on-year growth of six percent as exports to Hong Kong exited contraction with a rise of 1.3 percent and growth in direct shipments to China edged up 0.1 percentage points to 10.9 percent. Exports to the US accelerated from March's rise of just 0.2 percent to mark an increase of 4.3 percent in April. Imports were up 5.9 percent from the previous year, rebounding from a 0.6 percent contraction in the previous month, the first decline since 2016, but also missing economist expectations of a 9.6 percent growth. Those trade flows unraveled a ¥626 billion (about $5.6 billion) trade surplus that easily surpassed a forecast of ¥405.6 billion and marked only a moderate decline from March's surplus of ¥797 billion. Prime News are provided by InstaForex
  3. InstaForex Gertrude

    Forex News from InstaForex - 2

    U.S. Labor Market Continues to Tighten New applications for U.S. jobless benefits increased more than expected last week, but the number of people continuing to collect unemployment benefits fell to 1.71 million in the week ended May 5, the lowest since December 1973, which points to diminishing labor market slack. Separate data also showed a pickup in mid-Atlantic factory activity this month, with manufacturers saying they were boosting employment and asking for higher prices for their products. The combination of a tightening labor market and firming inflation bolsters expectations the Federal Reserve will hike interest rates in June. Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 222,000 for the week ended May 12, the Labor Department said. The labor market is viewed as being close to or at full employment, with the unemployment rate near a 17-½ -year low of 3.9 percent and within striking distance of the Fed's forecast of 3.8 percent by the end of this year. The U.S. central bank increased rates in March and forecast at least two more hikes for this year. The number of people receiving benefits after an initial week of aid decreased 87,000 to 1.71 million in the week ended May 5, the lowest level since December 1973. Declining continuing claims underscore tightening labor market conditions and support economists' expectations that wage growth will accelerate in the second half of the year. The labor market and regional factory data added to upbeat reports this week on consumer spending and industrial production in suggesting that economic growth was picking up early in the second quarter after slowing at the start of the year. Prime News are provided by InstaForex
  4. InstaForex Gertrude

    Forex News from InstaForex - 2

    Benchmark U.S. Yield Extends Rally to Almost Seven-Year High U.S. government bonds experienced renewed selling pressure, allowing the yield on the benchmark 10-year Treasury note to continue a rally that a day prior brought it to its highest level since 2011. The 10-year Treasury note yield edged up 1.1 basis points to 3.093 percent, after recording the biggest one-day gain since March 1, according to WSJ Market Data Group. The move left the yield at its highest level since July 7, 2011. The 30-year bond yield increased 0.4 basis points to 3.214 percent, after the long bond market marked its biggest daily yield increase since February 2 in the prior session. Yield on the short-dated two-year note yield, on the other hand, pared an earlier loss to rise 0.4 basis points to 2.589 percent. The yield curve, which measures the spread between the two-year and 10-year yields, continued to reverse some of its recent flattening. Markets are now monitoring developments in Asia, with North Korea's threat to withdraw from a summit planned for next month with the U.S., stoking concerns that a brief easing of hostilities between the two nations may be coming to an end. Meanwhile, Italian government bond yields surged following a report said anti-establishment parties in discussion to establish a government would ask the European Central bank to write off 250 billion euros in debt and ask to renegotiate Rome's contribution to the European Union budget. The yield on the 10-year Italian government bond rose16.2 basis points to 2.113 percent. Prime News are provided by InstaForex
  5. InstaForex Gertrude

    Forex News from InstaForex - 2

    10-Year U.S. Yield Surge to Highest Level since 2011 The yield on the 10-year Treasury note rose on early Tuesday to reach levels since 2011 after a solid retail sales figures underlined the economy's stable momentum. The rally in yield comes amid resurgent concerns that negotiations between the U.S. and China continue to be challenged, stoking concerns that a potential trade war could drive up prices and inflation higher- which has negative implication for bonds. Yield on the 10-year Treasury note yield surged 7.5 basis points to 3.070 percent, the highest since July 2011, and notching its biggest single-day increase March 1, according to WSJ Market Data Group. The yield reached an intrasession high at 3.093 percent, according to FactSet data. The 30-year bond yield rose 8.1 basis points to 3.210 percent, the biggest one-day increase since February 2. The short-dated two-year note yield rose 3.9 basis points to 2.585 percent, extending a yield move close to a decade peak. The day's trading helped to increase the yield gap between two-year and the 10-year rate to 48.5 basis points. The threat of increasing borrowing rates have given investors in risky assets a reason to pause, with the benchmark 10-year note again tested the yield level above 3 percent, which have previously caused friction in markets, challenging investors' appetite for assets perceived as risky against safe haven assets such as bonds. Prime News are provided by InstaForex
  6. InstaForex Gertrude

    Forex News from InstaForex - 2

    Fed's Mester Reaffirms Support for Gradual Rate Hike Path The U.S. central bank should continue its gradual strategy to lifting federal fund rates given that inflation has not yet hit the Federal Reserve's 2 percent target in a sustained manner, according to Cleveland Fed President Loretta Mester. In her prepared address for a speech in Paris, the Fed official expressed her view that the medium-run outlook supports the continued gradual withdrawal of policy accommodation. She said that it seems to be the best strategy for striking a balance between the threats to both the Fed's policy goals and preventing a build-up financial stability risks. Mester, who has a vote on monetary policy this year, said that she does not see inflation significantly picking up, adding that while it is near the Fed's 2 percent goal, it will only hit that level on a sustainable basis over the next one to two years. She said that she wants to give inflation sufficient time to return to its goal, a point against a steep rate hike path. The Fed official reiterated her stance that the central bank should start to review whether its inflation framework is suitable for the future and could make monetary policy more effective in achieving the central bank's achievements. Prime News are provided by InstaForex
  7. InstaForex Gertrude

    Forex News from InstaForex - 2

    UK Factory Output Fell in March Britain's manufacturing sector contracted during March, according to figures released by the Office for National Statistics, which emphasizes the “sluggish” economic performance in the first quarter. While heavy snow storms swept through Britain in early March, the ONS reiterated its earlier statement that this had little overall impact on the economy's performance in the first three months of 2018. Manufacturing output dropped 0.1 percent compared to the previous month as both domestic and export orders fell, the ONS said. Overall industrial output, which includes utilities and the UK's North Sea oil and gas fields, increased by 0.1 percent. “Manufacturing was broadly flat throughout the first quarter following several months of strong growth, with no evidence that the bad weather hampered UK factories as both domestic and international sales stalled. Machinery, transport and computer manufacturers all saw their output grow. This was largely offset by falling production of electrical equipment and oil refining”, according to ONS head of national accounts Rob Kent-Smith. A lack of clarity around Britain's terms of departure from the European Union in less than a year, as well as a slowing eurozone economy, are among reasons cited for Britain's disappointing performance of late. The ONS said the impact from the recent data on its preliminary estimate of first quarter economic growth, which showed only a 0.1 percent quarter-on-quarter increase, was negligible. Separate ONS data showed Britain's goods trade deficit with the rest of the world grew to 12.287 billion pounds in March from 10.414 billion pounds in February. Nonetheless, the ONS indicated that net trade was likely make a very small positive contribution to economic growth in the first quarter. The ONS also published figures for construction output, which fell 2.3 percent on the month in March, after a fall of 1.0 percent in February. Prime News are provided by InstaForex
  8. InstaForex Gertrude

    Forex News from InstaForex - 2

    Trump Withdraws US from Iran Nuclear Deal, Renews Sanctions President Donald Trump on Tuesday pulled the United States out of an international nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies. Trump said in a televised address from the White House that he would reimpose U.S. economic sanctions on Iran to undermine “a horrible one-sided deal that should have never, ever been made." The United States will now reinstate all the sanctions it had waived as part of the nuclear accord, and it will impose additional economic penalties that are now being drawn up by the Treasury Department. Treasury Secretary Steven Mnuchin declined to specify what additional sanctions the United States might impose, but he expressed confidence that they would still be powerful even if other American allies did not follow suit. The US president's decision intensifies the strain on the trans-Atlantic alliance, especially after European leaders made trips to Washington and repeatedly appealed to Trump to preserve the deal. The leaders of Britain, Germany and France, which were signatories to the deal along with China and Russia, said in a joint statement that Trump's decision was a cause for “regret and concern." The response from Iran itself, however, was muted. President Hassan Rouhani said he believed the agreement could still survive – but warned that he had instructed the country's atomic energy agency to prepare to restart uranium enrichment should the deal collapse completely. Rouhani said Iran would remain committed to the deal agreed in 2015 between Iran and the US, UK, France, Germany, Russia and China. Prime News are provided byInstaForex.
  9. InstaForex Gertrude

    Forex News from InstaForex - 2

    Australia Business Confidence Slows In February - NAB Business confidence in Australia ebbed in January, the latest survey from National Australia Bank revealed on Tuesday with an index score of +9. That's still positive, which means that optimists outnumber pessimists - although it's down from the downwardly revised +11 in January (originally +12). Business conditionals picked up steam as the index climbed to +21 from the downwardly revised +18 in the previous month (originally +19). News are provided byInstaForex.
  10. InstaForex Gertrude

    Forex News from InstaForex - 2

    COLOMBIA: Colcap Raises Slightly On Ecopetrol, Caution With Elections Colcap, the main index of the Colombian Stock Exchange, added 0.41% to 1,480.56 points near Friday's closing, due to the rise of Ecopetrol's shares (+1.01%) in a session marked by a substantial business volume ahead. The increase in Ecopetrol's stocks tracked the rebound in oil prices abroad. Analysts at Davivienda Corredores noted that despite the slight rise, the Colombian index remains lagging behind the performance of other Latin American stock exchanges mainly because of the uncertainty for the legislative elections results. On the business side, Avianca's shares rose by 1.13% despite reports that its subsidiary companies mobilized 2,320,638 passengers in February, 0.3% less than the passengers transported in the same month last year. The locally traded U.S. dollar closed at 2,868.80 Colombian pesos, marking a 0.25% fall, due to the rebound in oil prices abroad. "As long as oil prices remain close to US$ 60, the valuations will be limited. There was also a natural reaction before Sunday's legislative elections," said Wilson Tovar, an analyst at Acciones & Valores. News are provided by InstaForex
  11. InstaForex Gertrude

    Forex News from InstaForex - 2

    U.S. Services Data Suggests Upward Revision to 4th Quarter GDP U.S. economic expansion for the fourth quarter is likely to be revised higher after recent data indicated more spending on services than previously estimated by the government. According to the Commerce Department's quarterly services survey, or QSS, added to December data on construction spending and manufacturers inventories in suggesting that gross domestic product grew much faster than the 2.5 percent annualized rate reported by the government in its second estimate last month. Before the QSS data, economists had expected that GDP growth for the October-December quarter would be raised to about a 2.6 percent rate. Some now expect fourth-quarter GDP growth would be revised up to a 2.9 percent rate when the Commerce Department's statistics agency, the Bureau of Economic Analysis, incorporates the data into its third estimate to be published later this month. Spending on intellectual property products was previously reported to have increased at a 2.4 percent rate in the fourth quarter. “The QSS points to stronger services spending in the fourth quarter than the BEA had previously estimated,” according to Daniel Silver, an economist at JPMorgan in New York. “And while the QSS often impacts health care categories within the spending data, we think that much of the expected fourth-quarter upward revision will be related to spending on motor vehicle maintenance and repair.” Prime News are provided byInstaForex.
  12. InstaForex Gertrude

    Forex News from InstaForex - 2

    Treasury Yields Slide amid Tariff Uncertainty, CVS Bond Sale U.S. government bonds slightly retreated on Tuesday, paring early gains, after traders position amid a massive corporate bond offering by CVS Health and as uncertainty regarding global tariffs on aluminum and steel imports weighed on markets. The 10-year Treasury note yield was mostly unchanged at 2.877 percent. Yield on the two-year note yield was mostly flat at 2.246 percent. The long bond or the 30-year bond rate edged down by 1.6 basis points to 3.135 percent. According to traders, the bond market steadied as CVS Health Corp. acquired around $50 billion dollar worth of debt on Tuesday. Firms looking to issue bonds depend on dealers to unload the massive stockpiles and the said dealers will most likely hedge a sudden jump in interest rates by letting go of their Treasury holdings. U.S. government paper experienced brief selling earlier in the session after House Majority Leader Paul Ryan, along with other congressional Republicans, appear to step up pressure on President Donald Trump to ease up on his protectionist stance. On the other hand, Treasury Secretary Steven Mnuchin stated Mexico and Canada will be excluded from the tariffs if NAFTA is successfully renegotiated. The lack of certainty on the trade front has weakened the demand for stocks, while increasing the demand for bonds. Prime News are provided by InstaForex
  13. InstaForex Gertrude

    Forex News from InstaForex - 2

    Australia GDP Expands 0.4% In Q4 Australia's gross domestic product advanced a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2017, the Australian Bureau of Statistics said on Wednesday. That was shy of expectations for 0.5 percent and down from 0.6 percent in the three months prior. On a yearly basis, GDP gained 2.4 percent - again missing forecasts for 2.5 percent and down from 2.8 percent in Q3. "Growth this quarter was driven by the household sector, with continued strength in household income matched by growth in household consumption," ABS Chief Economist Bruce Hockman said. Household final consumption expenditure increased 1.0 percent for the quarter. Exports of goods and services detracted 0.4 percentage points from GDP growth. Final consumption expenditure picked up 1.1 percent on quarter and 3.3 percent on year, while gross fixed capital formation shed 1.2 percent on quarter and climbed 2.5 percent on year. The terms of trade added 0.1 percent on quarter and fell 1.0 percent on year, while real disposable income was flat on quarter and gained 1.5 percent on year. News are provided by InstaForex
  14. InstaForex Gertrude

    Forex News from InstaForex - 2

    Volcker Rule Reviewed for ‘Material Changes’: Fed’s Quarles The top regulator for the U.S. Federal Reserve on Monday said that the country's regulators are actively assessing the possibility of significantly rewriting the “Volcker Rule.” Speaking at a gathering of bankers in Washington, Fed Vice Chair for Supervision Randal Quarles said that regulators want to make “material changes” in order to streamline and simplify a number of aspects of the restrictions on certain bank trading, which were implemented in the wake of the 2007-2009 financial crisis. The comments are the most recent and most clear recommendation yet of regulators to overhaul one of the central post-financial crisis rules, which bans lenders from making profit-seeking trades on their own account. However, its present form, established in 2013, has been criticized by bank executives as complex, ambiguous and unworkable, points to which Quarles agrees. In his prepared remarks, Quarles expressed his belief that the regulation implementing the Volcker rule is not 'working well'. He said that all his regulatory colleagues have expressed their support for the proposition that the regulation is overly complex and would benefit from streamlining. According to Quarles, regulators are actively working to simplify key terms that define the rule's boundaries, including “proprietary trading” and “covered fund”. Prime News are provided byInstaForex.
  15. InstaForex Gertrude

    Forex News from InstaForex - 2

    Australia Keeps Rates On Hold Australia's central bank decided to leave its key interest rate unchanged at a record low, as widely expected, on Tuesday. The board of the Reserve Bank of Australia, governed by Philip Lowe, maintained the cash rate at 1.50 percent. The bank noted that the low level of interest rates is continuing to support the Australian economy. The Bank's central forecast is for the Australian economy to grow faster in 2018 than it did in 2017. The central forecast is for CPI inflation to be a bit above 2 percent in 2018. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time. News are provided by InstaForex
×