*Taiwan Dec Jobless Rate 3.72%, Consensus 3.71%

Trading 22 jan 2020 Commentaire »

Taiwan Dec Jobless Rate 3.72%, Consensus 3.71%


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

*South Africa Dec CPI Up 0.3% On Month

Trading 22 jan 2020 Commentaire »

South Africa Dec CPI Up 0.3% On Month


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

*South Africa Dec Inflation 4.0% Vs. 3.6% In Nov, Consensus 4.0%

Trading 22 jan 2020 Commentaire »

South Africa Dec Inflation 4.0% Vs. 3.6% In Nov, Consensus 4.0%


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

*Taiwan Dec Industrial Production Up 1.35% On Month Vs. 2.35% In November

Trading 22 jan 2020 Commentaire »

Taiwan Dec Industrial Production Up 1.35% On Month Vs. 2.35% In November


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

*Taiwan Dec Industrial Production Up 5.99% Y/Y Vs. 1.79% In Nov, Consensus 3.7%

Trading 22 jan 2020 Commentaire »

Taiwan Dec Industrial Production Up 5.99% Y/Y Vs. 1.79% In Nov, Consensus 3.7%


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

ING: Bank Indonesia To Hold Rate, Retain Accommodative Stance

Trading 22 jan 2020 Commentaire »

Bank Indonesia is set to announce its latest interest rate decision on January 23, Thursday. The bank is widely expected to keep its key interest rate unchanged for a third policy session in a row.

ING expects BI Governor Perry Warjiyo to keep the door open for further rate cuts, with inflation well within target and growth momentum still sluggish amidst the global trade war.

"We will be watching for clues for when Warjiyo will time his next policy rate cut," ING economist Nicholas Mapa said. "With global growth only expected to post a modest recovery in 2020, we believe that the BI Governor will cut policy rates as early as the first quarter and when IDR exhibits more stability on financial account inflows."

While the Indonesian rupiah opened the year on a strong note, thanks to robust foreign inflows from last year, the recent emerging market slow-down due to concerns over the Wuhan coronavirus outbreak show inflows can reverse very quickly. "The IDR is now under pressure with foreign players opting to stay defensive amidst the new health scare," the economist noted.


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

*France Jan Manufacturing Confidence 100 Vs. 98.4 In Dec, Consensus 101.0

Trading 22 jan 2020 Commentaire »

France Jan Manufacturing Confidence 100 Vs. 98.4 In Dec, Consensus 101.0


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

Yen Drops Amid Rising Risk Appetite

Trading 22 jan 2020 Commentaire »

The Japanese yen declined against its major counterparts in the Asian session on Wednesday, as most Asian shares rose following a sell-off in the previous session amid concerns over an outbreak of a coronavirus in China.

Health officials have already confirmed cases of the coronavirus infection in Thailand, Japan, South Korea and Taiwan. The U.S. too confirmed its first case of the coronavirus in a patient who recently returned from Wuhan, China.

The World Health Organization will consider whether to designate the outbreak an international public health emergency.

The yen declined to 122.02 against the euro, from a high of 121.72 seen at 5:00 pm ET. The next likely support for the yen is seen around the 124.00 level.

Reversing from an 8-day high of 113.32 hit at 7:45 pm ET, the yen fell to 113.50 against the franc. Next key support for the yen is likely seen around the 116.00 level.

The yen dropped to 143.74 against the pound, after rising to 143.25 at 5:00 pm ET. If the yen continues its fall, 146.00 is possibly seen as its next support level.

The yen retreated to 72.57 against the kiwi and 75.34 against the aussie, from its previous near 2-week highs of 72.33 and 75.03, respectively. The yen is poised to challenge support around 74.00 against the kiwi and 76.5 against the aussie.

Following a 9-day high of 83.92 set at 8:45 pm ET, the yen reversed direction and weakened to 84.14 versus the loonie. The yen is seen finding support around the 85.5 region.

The yen held steady against the greenback, after falling to 110.10 at 9:45 pm ET. The pair had ended yesterday's trading at 109.86.

Looking ahead, U.K. public sector finance data for December is set for release at 4:30 am ET.

In the New York session, Canada wholesale sales for November, CPI and new housing price index for December, U.S. FHFA's home price index for November and existing home sales for December are scheduled for release.

At 10:00 am ET, the Bank of Canada announces its decision on interest rates. The BoC is widely expected to keep borrowing costs unchanged at 1.75 percent.


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

Malaysia Cuts Key Interest Rate Unexpectedly

Trading 22 jan 2020 Commentaire »

Malaysia's central bank unexpectedly reduced its interest rate on Wednesday as policymakers said it as a pre-emptive measure to secure growth amid price stability.

The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the overnight policy rate by 25 basis points to 2.75 percent.

The ceiling and floor rates of the corridor of the OPR were correspondingly reduced to 3.00 percent and 2.50 percent, respectively.

The bank was expected to retain its rate at 3.00 percent. The previous change in the interest rate was a quarter-point reduction in May 2019.

"The adjustment to the OPR is a pre-emptive measure to secure the improving growth trajectory amid price stability," the bank said in a statement. The bank said growth in 2019 will be within the projected range and it will gradually improve in 2020, driven by household spending and exports.

In 2019, inflation averaged at 0.7 percent. The bank forecast inflation to average higher but moderate in 2020.


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

*Malaysia CB Cuts Key Rate By 25 Bps To 2.75%; Consensus 3.00%

Trading 22 jan 2020 Commentaire »

Malaysia CB Cuts Key Rate By 25 Bps To 2.75%; Consensus 3.00%


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