USD/CHF retreats to 0.9930 on a stronger Swiss franc

The Swiss franc gained momentum across the board during the American session and erased losses against the US dollar and hit a fresh high versus the pound and the euro. USD/CHF bottomed after the release of the NFP report at 0.9880, the lowest level in…Запись USD/CHF retreats to 0.9930 on a stronger Swiss franc впервые появилась Forex.

Indonesia Imports

Imports to Indonesia went up 5.82 percent from a year earlier to 12.78 USD billion in December of 2016, following a 9.88 percent growth in a month earlier while markets expected a 3.5 percent growth. It was the third consecutive month of growth, as purchases of non-oil and gas rose 7.91 percent to 11.09 USD billion while those of oil and gas fell 6.15 percent to 1.69 USD billion. Compared to the prior month, inbound shipments increased by 0.88 perent. While purchases of non-oil and gas rose 1.35 percent, those of oil and gas declined by 2.13 percent. Imports went up the most for consumption goods (+27.25 percent to 1.31 USD billion, followed by capital goods (+7.49 percent to 2.23 USD billion). In contrast, purchases of raw material declined by 3.38 percent to 9.25 USD billion. Imports in Indonesia averaged 3211.35 USD Million from 1959 until 2016, reaching an all time high of 17416.99 USD Million in July of 2013 and a record low of 21 USD Million in September of 1959. From 2004 to 2012, imports to Indonesia tripled, as large portion of the population entered middle-class and propelled higher purchases of oil and consumption goods. However, starting in mid-2013, imports have been declining due to low commodity prices and weak domestic consumption and investment. Main imports products are: oil and gas (around 17 percent of total imports), nuclear reactions, boilers, mechanical appliances (19 percent); iron and steel (5.4 percent), organic chemical materials (4.8 percent) and vehicles (4.5 percent). Main import partners are: China (25 percent of the total imports), Japan (11 percent), Singapore (7.6 percent), Thailand (6.8 percent) and the United States (6.4 percent). This page provides the latest reported value for – Indonesia Imports – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Indonesia Exports

Exports from Indonesia jumped 15.57 percent from a year earlier to 13.77 USD billion in December of 2016, compared to a 21.34 percent rise in November and faster than market estimates of a 13.27 percent growth. It was the third straight month of increase, as sales of non-oil and gas products went up 18.11 percent to 12.54 USD billion while those of oil and gas dropped by 5.22 percent to 1.10 USD billion. Compared to the previous month, exports rose 1.99 percent, as oil exports increased by 11.66 percent and sales of non-oil and gas products went up 1.13 percent. Sales went up to most of the country’s trading partners: the ASEAN countries (+4.24 percent), the EU countries (+6.94 percent), China (+2.82 percent) and the US (+8.88 percent). In contrast, exports fell to Japan (-3.98 percent), India (-13.58 percent) and Australia (-32.66 percent). From January to December 2016, exports declined by 3.95 percent year-on-year to 144.43 USD billion. Exports in Indonesia averaged 4028.84 USD Million from 1960 until 2016, reaching an all time high of 18647.83 USD Million in August of 2011 and a record low of 30 USD Million in January of 1961. Exports have been an engine of economic growth in Indonesia. However, after reaching a peak in 2012, it have been in a steady decline due to lower commodity prices and dwindling global demand. Major exports are: oil and gas (12.4 percent of the total exports, of those gas 6.9 percent, crude oil 4.3 percent and oil products 1.2 percent); animal and vegetable fats and oils (14 percent); and electrical equipment and machinery (10.45 percent). Other exports include: footwear, part of such articles (3.4 percent); garments not knitted (3 percent) and ores, slag and ash (2.5 percent). Major export partners are: the United States (11.6 percent), China (10 percent of the total exports), Japan (9.9 percent), India (8.8 percent) and Singapore (7 percent). This page provides the latest reported value for – Indonesia Exports – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Taiwan Imports

Imports in Taiwan went up 13.2 percent from a year earlier to $20.83 billion in December of 2016, while market expected a 9.85 percent increase, mainly driven by parts of electronic products (+31.5 percent) and machinery (+54 percent). Imports increased from the ASEAN countries (+16.3 percent), Japan (+12.1 percent); Europe (+35.1 percent), the USA (+2.4 percent), and China & Hong Kong (+0.8 percent). Imports in Taiwan averaged 10878.58 USD Million from 1981 until 2016, reaching an all time high of 27132.35 USD Million in May of 2011 and a record low of 1203.70 USD Million in February of 1983. A lack of natural resources had made Taiwan dependent on imports. Taiwan imports mostly parts of electronic products (18.2% of total), mineral products (15.2%), machinery (12.4%), chemicals (10.8%) and base metals (7.3%). Main import partners are Mainland China & Hong Kong (19.6% of total), Japan (17.6%), Europe (12.6%), USA (12.4%), ASEAN countries (11.8%) and Middle East (7.7%). This page provides – Taiwan Imports – actual values, historical data, forecast, chart, statistics, economic calendar and news.

Taiwan Exports

Exports from Taiwan rose 14 percent year-on-year to $25.70 billion in December of 2016, while market expected a 10.4 percent rise, mainly driven by parts of electronic products (+24.3 percent); machinery (+7.7 percent); plastics and rubber (+12.2 percent), and articles of base metal (+15.5 percent). Among trading partners, export rose the most to China and Hong Kong (+21.4 percent) and the ASEAN countries (+22.9 percent); the US (+2 percent); Japan (+10.2 percent), and Europe (+0.1 percent). Exports in Taiwan averaged 12312.52 USD Million from 1981 until 2016, reaching an all time high of 28585.12 USD Million in August of 2014 and a record low of 1406.50 USD Million in February of 1981. Taiwan’s economy is export-oriented. Exports account for around 70 percent of total GDP and its composition have changed from predominantly agricultural commodities to industrial goods (now 98%) during the past 40 years. Main exports products are: electronics (33.1% of total), information, communication and audio-video products (10.8%), base metals (8.8%), plastics & rubber (7.1%), machinery (7.5 percent). Main exports partners are Mainland China & Hong Kong (40% of total), ASEAN countries (18.3%), USA (12%), Europe (9%) and Japan (7%). This page provides – Taiwan Exports – actual values, historical data, forecast, chart, statistics, economic calendar and news.

AUD/USD: 2016 recovery compromised

FXStreet (Guatemala) – AUD/USD lost its footing as the greenback clawed back the best part of this month’s uptrend when markets took up the US dollar on the back of ‘ok’ nonfarm payrolls data.AUD/USD had been in pursuit of a complete recovery of the 2016 downtrend, but the 0.72 handle was not a convincing play topping out at a high of 0.7242. Besides the nonfarm payrolls, the Aussie was surrounded by domestic events overnight with the RBA’s quarterly statement on the economy and retail sales. The RBA rescued the Aussie temporarily while the retails sales was a surprise to the downside and missing expectations. In respect to the RBA’s statement, analysts at TD Securities explained, “With offshore risks well documented and no change to 2016 GDP and underlying inflation projections, market participants quickly moved on. The most attention was on “[employment] is forecast to remain strong enough to reduce the unemployment rate further”. All up, RBA upbeat, and removing the likelihood of the RBA cutting at or before May.”AUD/USD levelsAUD/USD has sold off below the 55 dma at 0.7133 and RSI (14) on the 4hr allows for further downside correction of the recent rally. “The 2014-2016 downtrend lies at .7180 and reinforces resistance, ” mentioned Karen Jones, chief analyst at Commerzbank. “A move back below the 0.7017 November low should be enough to trigger further weakness. Longer term the risks are on the downside and we target the 0.6774 2004 low. Nearby support at 0.6920 guards the 0.6828/29 recent lows.”AUD/USD lost its footing as the greenback clawed back the best part of this month’s uptrend when markets took up the US dollar on the back of ‘ok’ nonfarm payrolls data.

(Market News Provided by FXstreet)Запись AUD/USD: 2016 recovery compromised впервые появилась Forex.

AUD/USD: 2016 recovery compromised

FXStreet (Guatemala) – AUD/USD lost its footing as the greenback clawed back the best part of this month’s uptrend when markets took up the US dollar on the back of ‘ok’ nonfarm payrolls data.AUD/USD had been in pursuit of a complete recovery of the 2016 downtrend, but the 0.72 handle was not a convincing play topping out at a high of 0.7242. Besides the nonfarm payrolls, the Aussie was surrounded by domestic events overnight with the RBA’s quarterly statement on the economy and retail sales. The RBA rescued the Aussie temporarily while the retails sales was a surprise to the downside and missing expectations. In respect to the RBA’s statement, analysts at TD Securities explained, “With offshore risks well documented and no change to 2016 GDP and underlying inflation projections, market participants quickly moved on. The most attention was on “[employment] is forecast to remain strong enough to reduce the unemployment rate further”. All up, RBA upbeat, and removing the likelihood of the RBA cutting at or before May.”AUD/USD levelsAUD/USD has sold off below the 55 dma at 0.7133 and RSI (14) on the 4hr allows for further downside correction of the recent rally. “The 2014-2016 downtrend lies at .7180 and reinforces resistance, ” mentioned Karen Jones, chief analyst at Commerzbank. “A move back below the 0.7017 November low should be enough to trigger further weakness. Longer term the risks are on the downside and we target the 0.6774 2004 low. Nearby support at 0.6920 guards the 0.6828/29 recent lows.”AUD/USD lost its footing as the greenback clawed back the best part of this month’s uptrend when markets took up the US dollar on the back of ‘ok’ nonfarm payrolls data.

(Market News Provided by FXstreet)Запись AUD/USD: 2016 recovery compromised впервые появилась Forex.

Result of the 3 day variable rate reverse repo auction held on February 05, 2016

Notified Amount (in ₹ billion) 100.00 Total amount of offers received (in ₹ billion) 27.70 Amount allotted (in ₹ billion) 27.70 Cut off …The post Result of the 3 day variable rate reverse repo auction held on February 05, 2016 appeared first on Central bank news.

Result of the 3 day variable rate reverse repo auction held on February 05, 2016

Notified Amount (in ₹ billion) 100.00 Total amount of offers received (in ₹ billion) 27.70 Amount allotted (in ₹ billion) 27.70 Cut off …The post Result of the 3 day variable rate reverse repo auction held on February 05, 2016 appeared first on Central bank news.

USD only moderate higher vs JPY and EUR in a year – Rabobank

Analysts from Rabobank point out that the US dollar has been hit by the recent change in Federal Reserve expectations but warned that other central banks are more dovish.

Key Quotes: “The downgrading of market expectations about the pace of future Fed rate hikes has weighed significantly on the value of the USD since the end of January. While it is easy to comprehend why there is less support for long USD positions, it is not so easy to determine what to buy in lieu of the greenback. All other major central banks are maintaining more dovish positions than the Fed and the current low levels of risk appetite have made investors wary of higher yielding currencies.”2As a consequence we expect the current bout of position adjustment in the USD to run out of steam. That said, we expect the ECB and the BoJ to be hard pressed to substantially push their respective currencies into weaker territory in the coming months and so we forecast that the USD will only be moderately higher vs. the EUR and the JPY on a 12 mth view.”“In reality we expect that heightened levels of investor uncertainty will prevent USD/JPY from rising beyond 122.00 on a 12 mth horizon. We have adjusted our EUR/USD forecasts slightly higher to 1.09 on a 3 month view and 1.05 in 12 months (from 1.04).”Analysts from Rabobank point out that the US dollar has been hit by the recent change in Federal Reserve expectations but warned that other central banks are more dovish.

(Market News Provided by FXstreet)Запись USD only moderate higher vs JPY and EUR in a year – Rabobank впервые появилась Forex.The post USD only moderate higher vs JPY and EUR in a year – Rabobank appeared first on Forex.