INVESTORS BUZ Inflation, retail sales The pace of hiring in the U.S. backed off in March after strong gains in the first two months of the year

Mexico Inflation Rate Highest In Over 8 Years 

Mexico Inflation Rate Highest In Over 8 Years
CURRENCY INVESTORS

INVESTORS BUZ Inflation, retail sales The pace of hiring in the U.S. backed off in March after strong gains in the first two months of the year

Mexico Inflation Rate Consumer prices in Mexico jumped 6.31 percent year-on-year in June of 2017, following a 6.16 percent rise in May but below market expectations of 6.34 percent. The inflation rate accelerated for the twelfth straight month, reaching the highest since December of 2008, led by cost of housing and utilities, food and energy. Consumer prices spiked in January after the liberalization of gasoline cost. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018.



Mexico Inflation Rate

FOREX INVESTORS

Prices continued to rise for housing and utilities (2.57 percent vs 2.56 percent in May) and food, beverages and tobacco (6.90 percent vs 6.78 percent). Meanwhile, cost slowed for energy (15.20 percent vs 16.09 percent) and education (4.37 percent vs 4.40 percent).

 

The core index which strips out some volatile food and energy prices advanced 4.83 percent, following a 4.78 percent rise in May.

 

On a monthly basis, consumer prices went up 0.25 percent compared to a 0.12 percent fall in the previous month and the core index went up 0.30 percent, following a 0.28 percent increase.

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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.

Mexico Jobless Rate Below Expectations 

Mexico Jobless Rate Below Expectations
CURRENCY INVESTORS

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.

FOREX INVESTORS Mexico Jobless Rate  The unemployment rate in Mexico fell to 3.3 percent in June of 2017  from 3.9 percent a year earlier and below market expectations of 3.5 percent. It is the lowest jobless rate for a June month since 2008. When adjusted for seasonality, the unemployment fell to 3.3 percent from 3.5  percent.



Mexico Jobless Rate

FOREX INVESTORS

Compared to June of 2016, the jobless rate fell for both men (3.2 percent from 3.8 percent) and women (3.4 percent from 4.1 percent). Among unemployed people, 17.5 percent had not completed secondary education and 82.4 percent had a higher education.

Those underemployed accounted for 7.1 percent of total employed, lower than 7.7 percent a year earlier.

The participation rate edged up to 59.4 percent from 59.3 percent in June of 2016.

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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.

Japan Jobless Rate Climbs To 5-Month High Of 3.1% In May 

Japan Jobless Rate Climbs To 5-Month High Of 3.1% In May
 Japan Jobless Rate The unemployment rate in Japan rose slightly to 3.1 percent in May of 2017,

FOREX INVESTORS BUZZ  Japan Jobless Rate The unemployment rate in Japan rose slightly to 3.1 percent in May of 2017, up from 2.8 percent in the previous 3 months. The figure was above the market consensus of 2.8 percent and marked the highest jobless rate since December 2016. Meanwhile, the jobs-to-applicants ratio was 1.49, up from 1.48 in the previous period and beating expectations of 1.48 to mark the highest level since February 1974.

 



Japan Jobless Rate

 

 

 

Compared to the previous month, there were 2.05 million unemployed persons, 190 thousand more than in April. Employment increased by 30 thousand to 65.19 million, slowing from a 260 thousand increase in April. The labour force rose by 220 thousand to 67.57 million while those detached from the labour force went down by 190 thousand to 43.77 million.

Among people aged 15 to 24 years old, the jobless rate rose to 5.2 percent from 5 percent in April.A year earlier, unemployment was higher at 3.2 percent.

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Canada July Inflation Is Slower-Than-Expected 1.3% on Gasoline

Canada Inflation Rate At 2015 Low 

Canada Inflation Rate At 2015 Low

Canada Inflation Rate Consumer prices in Canada increased 1 percent year-on-year in

FOREX INVESTORS BUZZ   Canada Inflation Rate Consumer prices in Canada increased 1 percent year-on-year in June of 2017, following a 1.3 percent rise in May and in line with market expectations. It is the lowest inflation rate since October of 2015, mainly due to a 1.4 percent fall in gasoline prices.

 

Year-on-year, transportation cost rose 0.6 percent, following a 2.2 percent gain in May. This deceleration was led by gasoline prices, which fell 1.4 percent, after increasing 6.8 percent in May. The purchase of passenger vehicles index declined for the first time since February 2015, down 0.2 percent. Meanwhile, passenger vehicle insurance premiums rose 2.1 percent, following a 1.4 percent increase in May.




 

Canada Inflation Rate

The shelter index increased 1.6 percent, after rising 1.9 percent in May. Homeowners’ replacement costs, which rose 4.1 percent, contributed the most to this price increase. At the same time, prices for natural gas (+10 percent) and fuel oil (+7.8 percent) increased at a slower rate than they did in May, contributing the most to the deceleration in the shelter index. Growth in the rent index (+0.7 percent) rose to a rate not recorded since May 2016, while there was no change in mortgage interest cost for the third month in a row, following 31 months of declines.

 

Household operations, furnishings and equipment costs rose 0.2 percent, matching the increase in May. The telephone services index was up 2 percent, following a 1.1 percent rise in May. At the same time, prices for household appliances declined 3.3 percent, after falling 2.1 percent in May.

 

The food index rose 0.6 percent, after posting declines for eight consecutive months. Prices for food purchased from stores decreased 0.3 percent, after dropping 1.2 percent in May. Declines in the meat and bakery products indexes moderated, while the fresh vegetables index increased at a faster pace in June than in May. Prices for cereal products fell 3.7% percent, following a 2.7 percent decline in May. Prices for food purchased from restaurants registered a 2.5 percent gain.

On a monthly basis, consumer prices edged down 0.1 percent, following a 0.1 percent gain in May.
The core index rose went up 0.1 percent on the month and rose 0.9 percent on the year, the same as in May. It is the lowest annual core inflation since February of 2011.

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Euro slides after ECB; pushes up dollar to 7½-month high

European Central Bank left its key interest rate unchanged

Euro Area Interest Rate  | Data | Chart | Calendar | Forecast


source: tradingeconomics.com
CURRENCY INVESTORS key interest rate unchanged  The ECB held its benchmark refinancing rate at 0 percent on July 20th, as widely expected, and confirmed the net asset purchases are intended to run at the current monthly pace of €60 billion until the end of December 2017, or beyond, if necessary. Policymakers said that economic and monetary analysis confirm the need for a continued very substantial degree of monetary accommodation. Interest Rate in the Euro Area averaged 2.10 percent from 1998 until 2017, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016.



key interest rate unchanged

ECB Leaves Monetary Policy Unchanged

The ECB held its benchmark refinancing rate at 0 percent on July 20th, as widely expected, and confirmed the net asset purchases are intended to run at the current monthly pace of €60 billion until the end of December 2017, or beyond, if necessary. Policymakers agreed that economic and monetary analysis confirm the need for a continued very substantial degree of monetary accommodation.

Excerpts from the Introductory statement to the press conference by Mario Draghi:
Our monetary policy measures have continued to secure the very supportive financing conditions that are necessary to make continuous progress towards a sustained convergence of inflation rates to levels below, but close to, 2% over the medium term. The incoming information confirms a continued strengthening of the economic expansion in the euro area, which has been broadening across sectors and regions.
While the ongoing economic expansion provides confidence that inflation will gradually head to levels in line with our inflation aim, it has yet to translate into stronger inflation dynamics. Headline inflation is dampened by the weakness in energy prices. Moreover, measures of underlying inflation remain overall at subdued levels. Therefore, a very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline inflation developments in the medium term. If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, we stand ready to increase our asset purchase programme in terms of size and/or duration.

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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.

Australian unemployment rate remained unchanged in June

Australia Unemployment Rate   | Data | Chart | Calendar

FOREX INVESTORS  Australian unemployment rate Australia’s seasonally adjusted unemployment rate remained unchanged at 5.6 percent in June of 2017 from an upwardly revised 5.6 percent in May and consistent with market estimates. The jobless rate remained at its lowest level since October 2016, as the economy added 14,000 jobs while the number of unemployed increased by 13,100. Unemployment Rate in Australia averaged 6.90 percent from 1978 until 2017, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008.



Australian unemployment rate

Australia Jobless Rate Steady At 7-Month Low of 5.6% In June

Australia’s seasonally adjusted unemployment rate remained unchanged at 5.6 percent in June of 2017 from an upwardly revised 5.6 percent in May and consistent with market estimates. The jobless rate remained at its lowest level since October 2016, as the economy added 14,000 jobs while the number of unemployed increased by 13,100.

In June, the seasonally adjusted labour force participation rate increased to a 17-month high of 65.0 percent from 64.9 percent in the previous period, above market expections of 64.9 percent.

Employment increased by 14,000 to 12,166,900, slightly short of market estimates of a 15,000 increase: full-time employment increased by 62,000 to 8,356,000 while part-time employment decreased by 48,000 to 3,810,800.

Unemployment rose by 13,100 to 728,100. The number of unemployed persons looking for full-time work advanced by 9,200 to 500,600 and the number of unemployed persons only looking for part-time work rose 3,900 to 227,500.

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Bitconnect Coin Price Last month on the 10th of June, the Bitconnect coin, better known to the community as BCC, reached an all-time

Bitconnect Coin Price Reaches All-Time High in June, Briefly Surpasses Growth Rate of Ethereum

Bitconnect Coin Price Reaches All-Time High in June, Briefly Surpasses Growth Rate of Ethereum

Bitconnect Coin Price Last month on the 10th of June, the Bitconnect coin, better known to the community as BCC, reached an all-time

FOREX INVESTORS BUZZ PRESS RELEASE Bitconnect Coin Price Last month on the 10th of June, the Bitconnect coin, better known to the community as BCC, reached an all-time high price at $59.24. The price of BCC increased from $1.76 to $59.24 within a three-month period, recording a staggering growth rate of 3,265 percent.

Since the beginning of 2017, the cryptocurrency market demonstrated an exponential growth rate, achieving a historic milestone on June 9 by surpassing $100 billion in market cap. Prior to this recent dip, the cryptocurrency market cap was valued to be $113 million at one point, with Bitcoin capturing 37.8 percent of the market.

“The fact that these gains have come from currencies other than Bitcoin are a good sign that this is less of a bubble and more of a resurgence of interest in crypto,” said Techcrunch journalist Fitz Tepper.

A major catalyst that contributed to the rapid growth of the cryptocurrency market was the global adoption of Bitcoin and Ethereum, two of the largest cryptocurrencies with a combined market cap of $77.6 billion. Since mid-2016, the demand toward Bitcoin as a safe haven asset and digital gold surged as mainstream media outlets began to provide extensive coverage on its performance.

 



Bitconnect Coin Price

International newspapers including the Wall Street Journal continuously featured Bitcoin on their front page, comparing the price trend of it to that of gold and the US dollar, the world’s largest asset and reserve currency.

As interest and demand toward digital currencies such as Bitcoin and Ethereum increased, a growing number of investors started to take interest in other cryptocurrencies in the market such as Litecoin, Ethereum Classic and Bitconnect that are amongst the largest cryptocurrencies and networks.

At the time of reporting, the market cap of Bitconnect, a crypto-network better known for its bitcoin lending platform, remains at around $346 million, making the Bitconnect network the 22nd largest cryptocurrency and blockchain network globally (editor’s note: the Bitconnect network is now ranked 10th).

Bitconnect’s three-month growth since April has been larger than that of most cryptocurrencies including Ethereum. Since April, Ethereum has recorded a 858.9 percent increase in price, from $39 to a peak at $374, triggering the interests of investors that have become enthusiastic of the launch of the Enterprise Ethereum Alliance (EEA) and the rise of initial coin offerings (ICOs).

|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

Market Quotes by TradingView

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Bank of Canada BoC

Bank of Canada raised its benchmark overnight interest rate

Canada Interest Rate  | Data | Chart | Calendar | Forecast

FOREX INVESTORS BUZZ   The Bank of Canada raised its benchmark overnight interest rate by 25bps to 0.75 percent on July 12th 2017, in line with market expectations. It is the first rise in borrowing cost since 2010 amid robust growth and a slowdown in inflation which is seen temporary. The Bank Rate was also increased by 25bps 1 percent and the deposit rate by 25bps to 0.5 percent. Interest Rate in Canada averaged 5.92 percent from 1990 until 2017, reaching an all time high of 16 percent in February of 1991 and a record low of 0.25 percent in April of 2009.



Bank of Canada raised

Canada Hikes Key Rate To 0.75%

The Bank of Canada raised its benchmark overnight interest rate by 25bps to 0.75 percent on July 12th 2017, in line with market expectations. It is the first rise in borrowing cost since 2010 amid robust growth and a slowdown in inflation which is seen temporary. The Bank Rate was also increased by 25bps 1 percent and the deposit rate by 25bps to 0.5 percent. 

Statement by the Bank of Canada:
Recent data have bolstered the Bank’s confidence in its outlook for above-potential growth and the absorption of excess capacity in the economy. The Bank acknowledges recent softness in inflation but judges this to be temporary. Recognizing the lag between monetary policy actions and future inflation, Governing Council considers it appropriate to raise its overnight rate target at this time.
The global economy continues to strengthen and growth is broadening across countries and regions. The US economy was tepid in the first quarter of 2017 but is now growing at a solid pace, underpinned by a robust labour market and stronger investment. Above-potential growth is becoming more widespread in the euro area. However, elevated geopolitical uncertainty still clouds the global outlook, particularly for trade and investment. Meanwhile, world oil prices have softened as markets work toward a new supply/demand balance.
Canada’s economy has been robust, fuelled by household spending. As a result, a significant amount of economic slack has been absorbed. The very strong growth of the first quarter is expected to moderate over the balance of the year, but remain above potential. Growth is broadening across industries and regions and therefore becoming more sustainable. As the adjustment to lower oil prices is largely complete, both the goods and services sectors are expanding. Household spending will likely remain solid in the months ahead, supported by rising employment and wages, but its pace is expected to slow over the projection horizon.  At the same time, exports should make an increasing contribution to GDP growth. Business investment should also add to growth, a view supported by the most

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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 unemployment rate surprisingly slid inMay 2017

United Kingdom Unemployment Rate | Data | Chart | Calendar



FOREX INVESTORS BUZZ UK unemployment rate   The unemployment rate in the UK fell to 4.5 percent in the three months to May of 2017, below 4.6 percent in the previous period and market forecasts of 4.6 percent. It is the lowest jobless rate since June of 1975. Earnings including bonuses rose 1.8 percent year-on-year, the weakest gain since the three months to November 2014. Adjusted for inflation, pay growth fell 0.7 percent, the sharpest drop since 2014. 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

UK Jobless Rate Falls To 4.5%, Lowest Since 1975

The unemployment rate in the UK fell to 4.5 percent in the three months to May of 2017, below 4.6 percent in the previous period and market forecasts of 4.6 percent. It is the lowest jobless rate since June of 1975. Earnings including bonuses rose 1.8 percent year-on-year, the weakest gain since the three months to November 2014. Adjusted for inflation, pay growth fell 0.7 percent, the sharpest drop since 2014.

There were 1.49 million unemployed people, 64,000 fewer than for December 2016 to February 2017 and 152,000 fewer than for a year earlier.
There were 32.01 million people in work, 175,000 more than for December 2016 to February 2017 and 324,000 more than for a year earlier. The employment rate was 74.9%, the highest since comparable records began in 1971.
There were 8.83 million people aged from 16 to 64 who were economically inactive, 57,000 fewer than for December 2016 to February 2017 and 55,000 fewer than for a year earlier. The inactivity rate was 21.5%, down from 21.7% for a year earlier and the joint lowest since comparable records began in 1971.

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