Buz Investors UK Rightmove house price The Rightmove house price index in the UK climbed 1.30% in March on a MoM basis. The Rightmove house price index had recorded a rise of 2.00% in the previous month.

UK Rightmove house price index registered a drop in August

UK Rightmove house price index registered a drop in August

Rightmove house price Asking expenses for homes in the uk fell by means of 0.9pc in August of their biggest
House prices in the United Kingdom increased 2.1 percent year-on-year in the three months to July of 2017, following a 2.6 percent gain in the previous period but beating market expectations of 2 percent. It was the weakest growth since April 2013 after reaching a peak of 10 percent in March 2016. A continued low mortgage rate environment, combined with an ongoing shortage of properties for sale, should help continue to support house prices over the coming months, despite weaker housing demand. On a monthly basis, house prices rose 0.4 percent, recovering from 0.9 percent decline recorded between May and June. Housing Index in the United Kingdom averaged 358.02 Index Points from 1983 until 2017, reaching an all time high of 719.10 Index Points in December of 2016 and a record low of 96.10 Index Points in January of 1983.Rightmove figures.

Rightmove house price Asking expenses for homes in the uk fell by means of 0.9pc in August of their biggest month-on-month drop of the year, according to the modern day Rightmove figures.

On an annual basis, the benefit in residence expenses picked up pace in August, accelerating slightly to three.1pc.

The figures confirmed that the national housing market, which has softened in the past 12 months due to tax changes, Brexit, political uncertainty and a consumer spending squeeze, is protecting up better than the market in London.



Rightmove house price

call for for homes inside the capital keeps to ease and the slowdown shows few symptoms of letting up.

Asking costs in London rose 1.6pc in August during the last yr, Rightmove said. whilst that is an boom from the July pace, it’s far properly underneath a peak of 20pc in 2014 and is most effective the second one time this yr the annual price of boom has topped 1pc.

at the month, costs fell 1.9pc amid a conventional summer lull.

inside London, asking charges were most resilient inside the borough of Hackney. They rose 8.9pc during the last year to a mean of £686,663.

the ones in Hammersmith and Fulham have been hardest hit, with fees down 6.4pc to £915,264




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There will be a lighter news schedule this week, compared to last week which was quite heavy. There is central bank input expected this week from Australia and New Zealand, as well as a few high-impact pieces of economic data, mostly from Canada and the U.S.A. The market is likely to be most active from Wednesday through to Friday. U.S. Dollar It will be a reasonably light week for the greenback after a slow start, beginning on Wednesday, with the release of Crude Oil Inventories. Thursday will see the release of Unemployment Claims numbers. Finally, on Friday we will have Preliminary UoM Consumer Sentiment data. Australian Dollar It will be a busy and important week for the Aussie, starting on Monday with the release of Retail Sales data. Tuesday brings the monthly RBA Rate Statement and Cash Rate. On Thursday, the Governor of the RBA will be making a minor speech, then finally on Friday the RBA Monetary Policy Statement will be released. New Zealand Dollar It will be a busy and important week for the Kiwi following Monday’s public holiday, starting on Tuesday with the release of Inflation Expectations data and the GDT Price Index. Wednesday brings the monthly RBNZ Rate Statement and Official Cash Rate, followed by the usual press conference. On Thursday, the Governor of the RBNZ will be testifying before Parliament. Chinese Yuan Friday will see a release of Trade Balance data. Canadian Dollar It will be a normal week for the Loonie, starting with Tuesday’s release of Trade Balance data, followed by Employment Change and Unemployment Rate numbers on Friday. British Pound It will be a quiet week for the Pound, with nothing of high impact scheduled except Manufacturing Production data on Friday.

UK ILO unemployment rate recorded a surprise drop in the April-June 2017 period

UK ILO unemployment rate recorded a surprise drop in the April-June 2017 period


source: tradingeconomics.com
UK ILO unemployment rate UK unemployment rate dropped to a fresh 42-year low of 4.4 percent in the three months to June of 2017, beating market expectations of 4.5 percent. The employment rate rose to an all-time high of 75.1 percent as the number of people in work rose by 125 thousand. Unemployment Rate in the United Kingdom averaged 7.10 percent from 1971 until 2017, reaching an all time high of 12 percent in February of 1984 and a record low of 3.40 percent in November of 1973.

UK unemployment rate dropped to a fresh 42-year low of 4.4 percent in the three months to June of 2017, beating market expectations of 4.5 percent. The employment rate rose to an all-time high of 75.1 percent as the number of people in work rose by 125 thousand.



UK ILO unemployment rate

There were 1.48 million unemployed people, 57,000 fewer than for January to March 2017 and 157,000 fewer than for a year earlier. The unemployment rate was 4.4 percent, down from 4.9 percent for a year earlier and the lowest since 1975.
There were 32.07 million people in work, 125,000 more than for January to March 2017 and 338,000 more than for a year earlier. The employment rate was 75.1 percent, the highest since comparable records began in 1971. There were 883,000 people (not seasonally adjusted) in employment on “zero-hours contracts” in their main job, 20,000 fewer than for a year earlier.
There were 8.77 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 64,000 fewer than for January to March 2017 and 90,000 fewer than for a year earlier. The inactivity rate was 21.3 percent, down from 21.6 percent for a year earlier and the lowest since comparable records began in 1971.
Latest estimates show that average weekly earnings in nominal terms (that is, not adjusted for price inflation) increased by 2.1 percent, both including and excluding bonuses, compared with a year earlier. In real terms (that is, adjusted for price inflation), average weekly earnings fell by 0.5 percent, both including and excluding bonuses, compared with a year earlier.




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AUDUSD flirting with 2-month lows

AUDUSD Forex Gurus Midday Drop Tuesday August 15

AUDUSD Forex Gurus Midday Drop Tuesday August 15

 AUDUSD Forex Gurus decreased 0.0034 or 0.43% to 0.7815 on Tuesday August 15 from 0.7849 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

The correction from 0.8065 is still in progress and with 0.7948 minor resistance intact, deeper decline could be seen in AUD/USD. But we’d expect strong support from 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) to contain downside and bring rebound. On the upside, break of 0.7948 will argue that the pull back is completed. In such case, intraday bias will be turned back to the upside for retesting 0.8065.



 AUDUSD Forex Gurus

In the bigger picture, rise from 0.6826 medium term bottom is still in progress. At this point, there is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8100) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now expected.




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OIL SLUMPS   Oil turned sharply lower Friday as concerns of a supply glut weighed in the wake of higher U.S. output. U.S. crude was off

Crude oil Future Prices Midday Drop Friday August 11

Crude oil  | Data | Chart | Calendar | Forecast | News

COMMODITY TRADERS 

 


source: tradingeconomics.com
Crude oil Future Prices fell further Midday on Friday after the International Energy Agency raised doubts about OPEC countries’ commitment to the production reduction agreement started in January to re-balance markets. OPEC’s rate of compliance with the cutbacks slipped to 75% in July, the lowest in seven months. Crude oil fell 0.8% to $48.1 and Brent declined 0.7% to $51.6 around 10:00 AM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.



 

Crude oil Future Prices

Crude oil

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
48.39 48.60 145.31 1.17 1946 – 2017 USD/BBL Daily

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



WANING CONFIDENCE The IEA Thursday noted “waning confidence” by oil market participants in the re-balancing of supply and demand. 

Crude Oil Futures Price Midday Drop Thursday August 10

Crude oil  | Data | Chart | Calendar | Forecast | News

CURRENCY TRADERS


source: tradingeconomics.com
Crude Oil Futures Price Midday decreased 0.09 USD/BBL or 0.18% to 49.57 on Thursday August 10 from 49.56 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.



Crude Oil Futures Price Midday

Crude oil

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
49.56 49.50 145.31 1.17 1946 – 2017 USD/BBL Daily

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Japanese machinery orders advanced more than expected in June

Japanese machinery orders recorded an unexpected drop in June

Japan Machinery Orders | Data | Chart | Calendar | Forecast


source: tradingeconomics.com
Japanese machinery orders Core machinery orders in Japan, which exclude those of ships and electrical equipment, unexpectedly declined by 1.9 percent month-on-month in June 2017, following a 3.6 percent drop in May and missing market consensus of a 3.7 percent rise. It was the third straight month of decline in machinery orders, mainly due to a slump in manufacturing orders (-5.4 pct from +1 pct), as orders declined substantially for: non-ferrous metals (-33.4 pct from 53.6 pct); information & communication electronics (-26.8 pct from 17.9 pct); and other manufacturing (-14.1 pct from 12.5 pct). Partially offsetting this fall was a recovery in non-manufacturing orders (+0.8 pct from -5.1 pct in May), primarily due to: construction (+1.9 pct from -25.3 pct); transportation & postal activities (+14.1 pct from -21.7 pct); and telecommunications (+28.8 pct from -29.5 pct). Year-on-year, core machinery orders dropped by 5.2 percent, compared to a 0.6 percent rise in May, while the market expected a 1 percent fall. Machinery Orders in Japan averaged 0.28 percent from 1987 until 2017, reaching an all time high of 25.50 percent in October of 1996 and a record low of -15.80 percent in October of 1992.



Japanese machinery orders

Japan Machinery Orders

In Japan, Machinery Orders refers to the month-over-month change of the private sector machinery orders, excluding volatile ones for ships and those from electric power companies. This page provides the latest reported value for – Japan Machinery Orders – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Machinery Orders – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -3.60 25.50 -15.80 1987 – 2017 percent Monthly
SA

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BUZ INVESTORS Consumer confidence in Japan went up Consumer confidence in Japan went up to 43.9 in March of 2017 from an upwardly revised 43.2 in February and beating market estimates of 43.5.

Australian Westpac consumer confidence index recorded a drop in August

Australia Consumer Confidence  1974-2017 | Data | Chart | Calendar

 


source: tradingeconomics.com

 

Westpac consumer confidence  The Westpac-Melbourne Institute Consumer Sentiment Index for Australia dropped by 1.2 percent month-on-month to 95.5 in August of 2017, following a 0.4 percent rise in a month earlier. The measure of family finances compared to a year ago slumped by 5.2 percent while the gauge of whether it was a good time to buy major household items declined by 4.9 percent. In contrast, expectations for the economic outlook over the next 12 months went up 0.4 percent, views on the economic conditions for the next five years rose 2.3 percent and the outlook for family finances increased by 2.1 percent. Consumer Confidence in Australia Consumer Confidence in Australia averaged 101.33 from 1974 until 2017, reaching an all time high of 123.94 in May of 2007 and a record low of 64.61 in November of 1990.



Westpac consumer confidence

Australia Consumer Confidence

The Consumer Sentiment Index is based on a survey of over 1,200 Australian households. The Index is an average of five component indexes which reflect consumers’ evaluations of their household financial situation over the past year and the coming year, anticipated economic conditions over the coming year and the next five years, and buying conditions for major household items. The index scores above 100 indicate that optimists outweigh pessimists. This page provides – Australia Consumer Confidence – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Consumer Confidence – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
95.50 96.60 123.94 64.61 1974 – 2017 Monthly
SA

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USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

USDJPY Midday Price Drop Monday July 31

Japanese Yen | Data | Chart | Calendar | Forecast | News

CURRENCY TRADERS

USDJPY Midday Price  The USDJPY decreased 0.1150 or 0.10% to 110.4400 on Monday July 31 from 110.5550 in the previous trading session. Historically, the Japanese Yen reached an all time high of 306.84 in December of 1975 and a record low of 75.74 in October of 2011.

USD/JPY recovers mildly today but stays well below 112.18 resistance. Intraday bias remains on the downside for the moment. Current decline from 114.49 should extend to 108.81 support first. Break there will resume whole correction from 118.65 and target 61.8% retracement of 98.97 to 118.65 at 106.48. Nonetheless, break of 112.18 resistance will dampen this bearish view and turn focus back to 114.49 resistance instead.



USDJPY Midday Price

 

In the bigger picture, the corrective structure of the fall from 118.65 suggests that rise from 98.97 is not completed yet. Break of 118.65 will target a test on 125.85 high. At this point, it’s uncertain whether rise from 98.97 is resuming the long term up trend from 75.56, or it’s a leg in the consolidation from 125.85. Hence, we’ll be cautious on topping as it approaches 125.85. If fall from 118.65 extends lower, down side should be contained by 61.8% retracement of 98.97 to 118.65 at 106.48 and bring rebound.

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Buz Investors Australian unemployment rate Australia’s jobless rate had edged up to its highest mark in six months despite an increase in jobs in December that outstripped market expectations. Official numbers from the Australian Bureau of Statistics revealed 13,500 jobs were created last month, against forecasts for a more modest 10,000 rise.

Eurozone unemployment rate recorded a surprise drop in June

Euro Area Unemployment Rate  | Data | Chart | Calendar

FOREX INVESTORS BUZZ


source: tradingeconomics.com
Eurozone unemployment rate  The unemployment rate in the Euro Area fell to 9.1 percent in June of 2017 from a downwardly revised 9.2 percent in May and below market expectations of 9.2 percent. It is the lowest jobless rate since February of 2009. A year earlier, the unemployment rate was higher at 10.1 percent. Unemployment Rate in the Euro Area averaged 9.78 percent from 1995 until 2017, reaching an all time high of 12.10 percent in April of 2013 and a record low of 7.30 percent in October of 2007



Eurozone unemployment rate

Eurozone Jobless Rate Drops to 9.1% in June

The unemployment rate in the Euro Area fell to 9.1 percent in June of 2017 from a downwardly revised 9.2 percent in May and below market expectations of 9.2 percent. It is the lowest jobless rate since February of 2009. A year earlier, the unemployment rate was higher at 10.1 percent.

Compared with May 2017, the number of unemployed decreased by 148,000 to 14.718 million in the Euro Area. Compared with the previous year, it fell by 1.667 million.
Considering the European Union, the unemployment rate was flat at 7.7 percent, the same as in the previous month and down from 8.6 percent a year ago. This remains the lowest rate recorded in the EU28 since December 2008. There were 18.725 million people unemployed, a decrease of 183,000 from the previous month and of 2.368 million from June 2016.
Among EU Member States, the lowest unemployment rates in june 2017 were recorded in the Czech Republic (2.9 percent), Germany (3.8 percent) and Malta (4.1 percent). The highest were observed in Greece (21.7 percent in April 2017) and Spain (17.1 percent). Compared with a year ago, the unemployment rate fell in all Member States for which data is comparable over time, except Estonia which showed an increase (from 6.5 percent in May 2016 to 6.9 percent in May 2017). The largest decreases were registered in Spain (from 19.9 percent to 17.1 percent) and Croatia (from 13.3 percent to 10.6 percent).

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