GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD pound increased to the highest level since September 22nd, 2016

Chart | Calendar   | TRADE NOW | GBPUSD

British Pound | Data | Chart | Calendar | Forecast | News

BUZ INVESTORS  The pound increased to the highest level since September 22nd, 2016 of $1.3 on Thursday, after the UK retail sales data came well above market expectations, rising the most in 15 months. The currency gained 0.5% around 10:30 AM London time. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

Trade Idea Wrap-up GBPUSD – Buy at 1.2945

Cable’s intra-day rally above indicated psychological resistance at 1.3000 confirms recent upmove has resumed and bullishness is seen for further gain to 1.3050, then 1.3075-80, however, near term overbought condition should prevent sharp move beyond 1.3100-10, risk from there has increased for a retreat to take place later.

In view of this, would not chase this rise here and would be prudent to buy cable on pullback as support at 1.2933 should limit downside and bring another upmove. Below 1.2900-10 would abort and signal top is formed instead, bring weakness towards support at 1.2866, however, price should stay above said support at 1.2844.



pound increased

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on May of 2017.
Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 2.86 1.05 1957 – 2017 Daily
United Kingdom Markets Last Previous Highest Lowest Unit
Currency 1.29 1.29 2.86 1.05 [+]
Stock Market 7523.99 7386.63 7435.39 427.50 points [+]
Government Bond 10Y 1.09 1.16 16.09 0.52 percent [+]
30 Year Bond Yield 1.80 1.81 16.01 1.22 percent [+]
2 Year Note Yield 0.11 0.12 0.93 0.04 percent [+]
5 Year Note Yield 0.56 0.58 13.58 0.13 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




Italy GDP Growth Rate Q3 September

Italy GDP Growth Rate Q3 September

Italy GDP Growth Rate Q3 September

  • Buz Investors Italy GDP Growth Rate   Italy’s gross domestic product expanded 0.3 percent quarter-on-quarter in the three months to September, compared to an upwardly revised 0.1 percent expansion in the June quarter and in line with preliminary estimates.
  • Positive contributions from domestic demand offset a decline in net exports. Compared to the same quarter a year earlier, the GDP advanced 1.0 percent, slightly faster than earlier projections of a 0.9 percent growth.
  • GDP Growth Rate in Italy averaged 0.60 percent from 1960 until 2016, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -3 percent in the first quarter of 2009.

Italy GDP Growth Rate Confirmed at 0.3% QoQ in Q3

Buz Investors Italy GDP Growth Rate Italy's gross domestic product expanded 0.3 percent quarter-on-quarter in the three months to September, compared to an upwardly revised 0.1 percent expansion in the June quarter and in line with preliminary estimates.

Italy GDP Growth Rate Italy’s gross domestic product expanded 0.3 percent quarter-on-quarter in the three months to September, compared to an upwardly revised 0.1 percent growth in the June quarter and in line with preliminary estimates. Positive contributions from domestic demand offset a decline in net exports.

 

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Italy GDP Growth Rate 

In the third quarter, domestic demand contributed 0.3 percentage points to growth (from +0.1 percentage points in the preceding quarter). Private consumption, investment and inventory accumulation each contributed 0.1 percentage points to quarterly growth. Government spending gave no contribution to growth. Net exports contributed negatively to growth (-0.1 percentage points from +0.3 percentage points).

Compared to the same quarter a year earlier, the GDP advanced 1.0 percent, slightly faster than earlier projections of a 0.9 percent growth.

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Canada GDP Growth Rate September of 2016

Canada GDP Growth Rate September of 2016

Canada GDP Growth Rate September of 2016

  • Buz Investors Canada GDP Growth The Canadian economy expanded 0.9 percent on quarter in the three months to September of 2016, following a downwardly revised 0.3 percent contraction in the previous period. It is the highest growth rate since the second quarter of 2014, boosted by exports of energy while domestic demand slowed.
  • Expressed at an annualized rate, the economy expanded 3.5 percent, better than market expectations of 3.4 percent. GDP Growth Rate in Canada averaged 0.79 percent from 1961 until 2016
  • reaching an all time high of 3.33 percent in the fourth quarter of 1963 and a record low of -2.30 percent in the first quarter of 2009.

Canada GDP Growth At 2-Year High

Canada GDP Growth Rate September of 2016

Canada GDP Growth The Canadian economy expanded 0.9 percent on quarter in the three months to September of 2016, following a downwardly revised 0.3 percent contraction in the previous period. It is the highest growth rate since the second quarter of 2014, boosted by exports of energy while domestic demand slowed. Expressed at an annualized rate, the economy expanded 3.5 percent, better than market expectations of 3.4 percent.

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Canada GDP Growth 

 

Exports increased 2.2 percent, following a 3.9 percent drop in the previous period. Growth was driven by a 6.1 percent increase in the energy sector, following a 5.1 percent decline in the second quarter as a result of the Fort McMurray wildfires. Exports of goods grew 2.3 percent, while services advanced 1.4 percent. Imports went up 0.8 percent, following a 0.4 percent rise in the previous period.

 

Growth in household final consumption expenditure was 0.6 percent, a similar pace to the previous two quarters. The growth was mainly in services (+0.9 percent). Expenditures on goods increased 0.3 percent despite a 0.6 percent decline in outlays on durables, particularly motor vehicles. Investment in residential structures (-1.4 percent) fell for the first time since the first quarter of 2014.

 




Canada Retail Sales MoM was reported at 0.6% in September

Canada Retail Sales MoM was reported at 0.6% in September

Canada Retail Sales MoM was reported at 0.6% in September

  • Buz Investors Canada Retail Sales MoM   Retail sales in Canada increased 0.6 percent month-over-month in September of 2016, following a 0.1 percent rise in August and matching market expectations.
  • It is the highest gain in five months, boosted by a 2.8 percent jump in sales of new cars. In addition, sales rose at gasoline stations (0.9 percent
  • marking the fifth gain in six months); general merchandise stores (0.4 percent); building material and garden equipment and supplies dealers (0.7 percent); electronics and appliance stores (0.3 percent)

Canada Retail Sales MoM

Canada Retail Sales MoM was reported at 0.6% in September

Canada Retail Sales MoM  sporting goods, hobby, book and music stores (0.2 percent) and clothing and clothing accessories stores (0.2 percent) while those at food and beverage stores decreased 0.8 percent. Year-on-year, retail sales increased 2.5 percent. Retail Sales MoM in Canada averaged 0.36 percent from 1991 until 2016, reaching an all time high of 3.70 percent in December of 1997 and a record low of -4.50 percent in January of 1998.

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Canada Retail Sales MoM

In Canada, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Canada, Retail sales are seasonal, volatile and relatively important to the overall economy. This page provides – Canada Retail Sales MoM – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Retail Sales MoM – actual data, historical chart and calendar of releases – was last updated on November of 2016.




Japanese all industry activity index surprisingly advanced in September

Japanese all industry activity index surprisingly advanced in September

Japanese all industry activity index surprisingly advanced in September

  • Buz Investors Japanese all industry activity On a MoM basis in Japan, the all industry activity index registered an unexpected rise of 0.20% in September, higher than market expectations for a steady reading. The all industry activity index had registered a similar rise in the prior month.
  • Japan’s all industry activity increased unexpectedly in September, marking its fourth successive monthly gain, figures from the Ministry of Economy, Trade and Industry showed Monday.
  • The all industry activity index rose 0.2 percent month-over-month in September, the same rate of climb as in the previous two months. Meanwhile, economists had expected the index to remain flat during the month.

Japanese all industry activity

Japanese all industry activity index surprisingly advanced in September

apanese all industry activity Japan’s all industry activity increased unexpectedly in September, marking its fourth successive monthly gain, figures from the Ministry of Economy, Trade and Industry showed Monday.

The all industry activity index rose 0.2 percent month-over-month in September, the same rate of climb as in the previous two months. Meanwhile, economists had expected the index to remain flat during the month.

 

 

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apanese all industry activity

The index measuring industrial production advanced 0.6 percent over the month and construction activity registered a growth of 2.0 percent. At the same time, the sub-index for tertiary activity dropped by 0.1 percent.

On a yearly basis, the all industry activity index grew at a slower pace of 1.3 percent in September, following a 1.7 percent rise in the preceding month.




Canada Monthly Survey of Manufacturing, September 2016

Canada Monthly Survey of Manufacturing, September 2016

Canada Monthly Survey of Manufacturing, September 2016

  • Buz Investors Canada Monthly Survey of Manufacturing, Manufacturing sales rose for the fourth consecutive month, up 0.3% to $51.5 billion in September. The gain reflected higher sales in the transportation equipment and fabricated metal industries.
  • Sales were up in 12 of 21 industries, representing 70.1% of the total manufacturing sector. In constant dollar terms sales edged down 0.2%,
  • indicating that lower volumes of manufactured goods were sold in September. Prices for the manufacturing sector rose 0.4% in September according to the Industrial Product Price Index. Sales in the transportation equipment industry rose 1.5% to $10.6 billion in September. The advance was the result of

Canada Monthly Survey of Manufacturing

ransportation equipment and fabricated metal product sales rise

Canada Monthly Survey of Manufacturing, September 2016

Canada Monthly Survey of Manufacturing Sales in the transportation equipment industry rose 1.5% to $10.6 billion in September. The advance was the result of gains in the railroad rolling stock (+72.6%), the motor vehicle (+1.3%) and the aerospace product and parts (+3.8%) industries. The increase in the transportation equipment industry accounted for more than 85% of the total gain in manufacturing sales.

Fabricated metal product producers reported a 2.4% increase in sales to $2.7 billion, following two consecutive monthly declines. The gain in September was the largest since May 2015 and stemmed from higher sales in the architectural and structural metals, machine shops, and other fabricated metal products industries.

These increases were partly offset by a 3.4% decline in the primary metal product industry to $3.8 billion. The decline in September follows two consecutive gains and was concentrated in the iron and steel mills and ferro-alloy industry and in primary production of alumina and aluminum.

Sales increase in half the provinces

 

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Canada Monthly Survey of Manufacturing

Sales were up in five provinces in September. Quebec and Ontario reported the largest gains, which were partly offset by lower sales in New Brunswick.

Sales rose 1.7% in Quebec, the fifth increase in six months. Production in the aerospace products and parts rose 9.2%. An increase of this magnitude is not unusual for the industry, as aerospace production is substantially more volatile than the manufacturing sector as a whole. Sales of electrical equipment appliance and component (+10.9%), food (+1.4%) and primary metals (+1.2%) industries also contributed to the provincial gain.

In Ontario, sales increased 0.3% to $25.1 billion, mostly reflecting gains in the machinery, transportation equipment and fabricated metal industries. Overall, 13 of 21 industries reported higher sales in September, representing 77.4% of total manufacturing in the province. Sales in Ontario were 3.3% higher this September than in September 2015.

Conversely, sales were down 6.8% in New Brunswick, mainly reflecting lower sales of non-durable goods.




 

Inventories rise

Inventories in the manufacturing sector rose 0.5% to $70.3 billion in September. Higher stocks in the transportation equipment, food, and chemical industries all contributed to the increase.

Unfilled orders decline

Unfilled orders declined for the third consecutive month, down 0.2% to $88.6 billion in September. The decrease came mostly from lower unfilled orders in the fabricated metal product, electrical equipment appliance and component, and computer and electronic industries.

These declines were partly offset by an increase in unfilled orders in the aerospace product and parts and machinery industries.

Chart 4  Chart 4: Unfilled orders decrease
Unfilled orders decrease

New orders rose 2.3% to $51.3 billion in September, as a result of gains in the transportation equipment and machinery industries.




Eurozone trade surplus climbed in September

Eurozone trade surplus climbed in September

Eurozone trade surplus climbed in September

  • Buz Investors Eurozone trade surplus climbed In September, the seasonally adjusted trade surplus in the Eurozone expanded to €24.90 billion, following a revised trade surplus of €23.40 billion in the prior month. Market anticipation was for the region’s a trade surplus to drop to €22.10 billion.
  • Exports increased 2 percent while imports dropped 2 percent. Considering the first nine months of the year, the trade surplus increased to €204.8 billion,
  • compared with €169.1 billion in the same period of 2015. Balance of Trade in the Euro Area averaged 4485.28 EUR Million from 1999 until 2016

Eurozone trade surplus climbed  Trade Surplus Widens in September

Eurozone trade surplus climbed in September

Eurozone trade surplus climbed The Eurozone trade surplus rose 37.8 percent to €26.5 billion in September 2016 compared to a €19.2 billion in the same month of the previous year, above market consensus of €22.5 billion. Exports increased 2 percent while imports dropped 2 percent. Considering the first nine months of the year, the trade surplus increased to €204.8 billion, compared with €169.1 billion in the same period of 2015.

Exports of goods to the rest of the world advanced 2 percent to €176.7 billion from €173.2 billion a year earlier; while imports declined 2 percent to €150.2 billion compared to €154 billion.

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Eurozone trade surplus climbed

In January to September 2016, exports were nearly unchanged at €1,512 billion and imports dropped 3 percent to €1,307.1 billion, resulting in a surplus of €204.8 billion, compared with €169.1 billion in the same period a year earlier.
The European Union recorded a €0.5 billion surplus in trade in goods with the rest of the world, compared with a €3.7 billion surplus in September 2015. Exports went down 1 percent to €147.2 billion from €148.9 billion a year earlier; while imports rose 1 percent to €146.7 billion compared to €145.2 billion.

 




Eurozone industrial production declined less than expected in September

Eurozone industrial production declined less than expected in September

Eurozone industrial production declined less than expected in September

  • Buz Investors Eurozone industrial production declined On a monthly basis, the seasonally adjusted industrial production in the Eurozone dropped 0.80% in September, compared to a revised rise of 1.80% in the prior month. Markets were anticipating industrial production to fall 1.00%.
  • gain in August and better than market expectations of a 1 percent drop. Production went down for durable consumer goods (-5.6 percent); capital goods (-2.2 percent); intermediate goods (-0.7 percent) and energy (-0.2 percent) but rose 0.3 percent for non-durable consumer good
  • Industrial Production Mom in the Euro Area averaged 0.06 percent from 1990 until 2016, reaching an all time high of 2.60 percent in January of 2016 and a record low of -4.10 percent in January of 2009.

Eurozone industrial production declined

Eurozone industrial production declined less than expected in September

Eurozone industrial production declined In Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for – Euro Area Industrial Production MoM – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Industrial Production MoM – actual data, historical chart and calendar of releases – was last updated on November of 2016.

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Eurozone industrial production declined

Monthly data had already been reported for the major individual countries and the release confirmed that output in Germany, France and Italy all declined on the month. French output also declined on a year-on-year basis, although Germany and Italy did post annual gains.

Monthly volatility will remain a key feature for Ireland and there will be longer-term concerns surrounding a big loss of competitiveness in the UK market, which will have an important negative impact on the Irish economy.

Eurozone industrial production has made net gains since the beginning of 2013, although the overall pace of expansions has remained very weak with cumulative gain of less than 5% during that period. Overall output in the Eurozone also remains close to 10% below the peak level seen in the first half of 2008.