Fx Primus Rebates

New Zealand December Food Prices Rise Seasonally Adjusted 0.5%

Food prices in New Zealand advanced a seasonally adjusted 0.5 percent on month in December, Statistics New Zealand said on Tuesday. Unadjusted, food prices were down 0.2 percent last month. In December, fruit and vegetable prices fell 1.1 percent (down 0.6 percent after seasonal adjustment) on month; meat, poultry, and fish prices rose 0.2 percent;…

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Eurozone Industrial Production Declines More Than Expected

Eurozone’s industrial production decreased at a faster-than-expected pace in November, preliminary data from the statistical office Eurostat showed on Monday. Industrial production decreased a seasonally adjusted 1.7 percent from October, when it edged up 0.1 percent, revised from 0.2 percent. Economists had expected a 1.5 percent slump. Production of capital goods registered a 2.3 percent…

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Gold Rises As Equities Pullback After China Data

Gold prices inched higher on Monday, the dollar fell, and equities pulled back as a shock contraction in Chinese exports and imports following a weak November raised fresh concerns about global growth. The precious metal is also benefiting from expectations that the Federal Reserve will stop raising interest rates until it gets a clearer picture…

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Japan Money Stock Data Due On Tuesday

Japan will on Tuesday release December data for money stock, highlighting a modest day for Asia-Pacific economic activity. The M2 money stock is expected to have risen 2.4 percent on year, up from 2.3 in November. M3 is called steady at 2.1 percent. Japan also will see December numbers for bankruptcies and machine tool orders;…

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Dollar Mostly Subdued Against Major Currencies

The dollar was subdued against most major currencies on Monday amid speculation the Federal Reserve might pause its monetary tightening measures this year. In September-October 2018, the Fed was hinting there would be three rate increases in 2019. However, the central bank’s members, including Chairman Jerome Powell have been saying in recent days that the…

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Treasuries Close Slightly Lower After Seeing Initial Strength

After initially moving to the upside, treasuries showed a notable pullback over the course of the trading session on Monday. Bond prices pulled back well off their highs of the session and into negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by nearly a basis…

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Crude Oil Futures End Sharply Lower On Weak Chinese Trade Data

Crude oil futures drifted down sharply on Monday, as worries about energy demand resurfaced on disappointing trade data from China. After some positive spells in recent sessions amid hopes the OPEC-led supply cuts and optimism about U.S.-China trade discussions, crude oil prices have retreated on concerns about near term energy demand. Crude oil futures for…

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Gold Settles Modestly Higher

Gold prices edged higher on Monday as the dollar eased and global stock markets turned weak after data showed a shock contraction in Chinese exports last month. Weak economic data from Eurozone and recent comments from Federal Reserve officials, including Chairman Jerome Powell, that hint a pause in interest rate hikes also contributed to the…