Belgium Consumer Confidence Index Falls Fourth Month in a Row

According to a survey of the National Bank of Belgium published on Wednesday, consumer confidence in Belgium weakened for the fourth consecutive month in February, which was caused by a sharp deterioration in household expectations for savings.
Consumer Confidence fell to -7 from -6 in January. The decline has been observed since November.
An indicator reflecting household expectations for savings over the next twelve months, declined from -3 to -8.
Household opinion on the unemployment situation also deteriorated next year, and the index rose from 5 to 6.
Consumers were a little less pessimistic about the future economic situation in the country, and the corresponding index rose from -13 to -12.
The index, reflecting expectations regarding their future financial position, has not changed and amounted to -3.

US retail sales unexpectedly sharply lower in December

US retail sales unexpectedly showed a significant decline in the month of December, according to official data published with a delay due to the government’s suspension. p>

The US Department of Commerce reported that retail sales declined 1.2 percent in December, after a revised increase of 0.1 percent in November. p>

Economists had expected retail sales to grow by 0.2 percent, which corresponds to an increase in the primary estimate for the previous month. R>

An unexpected decline in retail sales occurred, despite a noticeable increase in sales of vehicles and parts by dealers. These sales rose 1.0 percent in December, after rising 0.7 percent in November. p>

Excluding the surge in car sales, retail sales fell another 1.8% in December after they did not change in November. It was expected that sales excluding cars will grow by 0.1 percent. P>

Gasoline sales contributed to lower retail sales amid falling fuel prices, falling 5.1 percent in December, after falling 4.4 percent in November. p>

Baseline sales figures were also worrisome, as a carefully observed base figure for retail sales without cars, gasoline, building materials and catering services fell 1.7 percent in December after a revised upward 1.0 percent In November. p>

Sales in stores of sporting goods, hobby goods, music and bookstores, retail stores and department stores showed a significant decline during the month. p>

“Perhaps the monthly fluctuations are related to seasonal adjustment problems, but the situation is obvious that at the end of 2018 there was a certain weakening in consumer activity,” said Michael Pierce, a senior economist at Capital Economics. p>

The Department of Commerce reported that the annual growth rate of retail sales slowed sharply to 2.3 percent in December, compared to 4.1 percent in November. p>

The annual growth rate of sales excluding cars also slowed to 2.0 percent in December, compared to 4.7 percent in the previous month. p>

Frank showed mixed trading in anticipation of the release of data on producer prices and import prices in Switzerland

On Thursday at 2:30 am ET, data on producer prices and import prices in Switzerland are expected to be released in January. On the eve of the publication of these data, the franc showed a mixed trade in relation to its main competitors. While the franc rose against the yen and the US dollar, it fell against the euro and the pound.
As of 2:25 am ET, the franc was trading at 110.18 against the yen, 1.1377 against the euro, 1.0083 against the US dollar and 1.2976 against the pound.

Retail sales growth in the Netherlands reached a 7-month high

Retail sales in the Netherlands increased the most in seven months during November, mainly due to non-food sales, as evidenced by data from the Central Bureau of Statistics, published on Tuesday.
Retail sales rose 4.1 percent over the same period last year, after rising 3.3 percent in October.
Growth rates were the fastest since April, when sales increased by 5.8 percent.
Food sales increased by 2.5 percent, while sales of non-food items increased by 3.8 percent, mainly due to increased demand for consumer electronics, footwear and leather goods.
Sales of goods via the Internet increased by almost 20 percent in November.

Dollar partially declined against major currencies

The dollar fell against most major currencies on Monday amid speculation that the Fed could stop measures to tighten monetary policy this year.

In September-October 2018, the Fed hinted that three rate hikes would occur in 2019 . However, members of the central bank, including Chairman Jerome Powell, have said in recent days that the bank will be flexible with regard to its policy. Minister Teresa May.

On Tuesday, British lawmakers should vote for the May Brexit deal.

The United States dollar fell by about 0.2 percent against the British pound sterling. Meanwhile, the euro / US dollar rose slightly to 1.1469.

The Japanese yen strengthened against the US dollar.

The dollar index decreased by 0.07, or 0.07 percent, to 95.62. The index, which had risen to 95.72 at the beginning of the day, dropped to 95.48 later in the session.

The pound sterling rose to a nearly 2-month high against the US dollar before it lost some positions. However, the currency subsequently recovered and traded slightly higher against the US dollar.

Industrial production in the euro area declined faster than expectations in November, as evidenced by preliminary data from the Eurostat statistical office, published on Monday.

Seasonally adjusted industrial production fell by 1.7 percent from October, when the figure rose by 0.1 percent, revised from 0.2 percent. Economists had expected a 1.5 percent decline.

The growth of the pound against the backdrop of the statement of Theresa May regarding the possibility of futile Brexit

Prime Minister Theresa ?? May warned before the parliamentary vote that the refusal of the proposed Brexit deal could lead to a "fruitless scenario." The statement influenced the growth of the pound against its major counterparts in the European session on Monday.

Speaking to the workers at the Stoke-on-Trent factory, May said that the parliament would most likely stop Brexit than allow him to go without a deal. 19659002] Mai's speech preceded parliamentary voting on a deal that is not expected to be passed to the House of Commons.

If lawmakers vote against an agreement, the most likely outcome will be a “paralyzed parliament, which will increase Brexit’s risk without a deal”, ska ala May.

Mei said that this is the only possible deal, and from it you can not refuse.

The currency traded lower relative to its main competitors in the Asian session, as Asian stocks fell after weak data for China, and investors were expecting a parliamentary vote on Brexit to be held tomorrow.

The pound rose 0.3 percent to 0.8905 against the euro, the highest level since December 7, 2018. The pair was rated at 0.8929 when it closed on Friday. The next key resistance for the pound will be the level of 0.88.

Industrial production in the eurozone declined faster than expectations in November, as evidenced by preliminary data from the Eurostat statistical office, published on Monday.

Seasonally adjusted industrial production fell by 1.7 percent from October, when the figure rose by 0.1 percent, revised from 0.2 percent. Economists had expected a 1.5 percent decline.

The pound rose to a 2-month high of 1.2880 against the US dollar, registering a 0.5 percent increase from a low of 1.2819 reached at 3:45 am ET. At the close of last week, the pair was worth 1.2835. The pound may meet resistance at 1.30.

The currency has risen to 139.23 against the yen from a minimum of 138.60, reached at 2:30 am ET. Thus, the pound is not far from the 2-week peak of 139.57, set at the beginning of today's trading. The pound is ready to find resistance around the 142.00 level.

The pound recovered to 1.2642 against the Swiss franc after falling to 1.2593 at 3:45 am Eastern Time. Thus, the currency is closer to breaking through the 6-week high of 1.2659, observed at 5:00 pm ET. At the close of the last week, the pair was quoted at 1.2629. A further uptrend could lead the pound to resistance around 1.28.

Turkey's industrial output declined for the third month in a row

Industrial production in Turkey declined for the third month in a row and at a faster pace than expected, according to data from the Turkish Institute of Statistics, published on Monday.
Industrial production with a calendar amendment fell by 6.5 percent on an annualized basis in November, after falling by 5.7 percent in October. Economists had expected a decline of 5.1 percent.
Manufacturing output fell by 7.1 percent. Utilities were down 1.8 percent, followed by mining production, with a fall of 1.1 percent.
The production of durable goods increased by 10.0 percent in November, while the production of intermediate goods decreased by 11.9 percent.
Compared to the previous month, industrial output fell by 0.3 percent in November, after falling 1.9 percent in the previous month. Economists had expected an increase in production of 0.2 percent.

German wholesale price inflation eased in December

Wholesale prices in Germany rose at a slower pace in December, as evidenced by data from Destatis, published on Monday.
Wholesale price inflation slowed to 2.5 percent from 3.5 percent in November.
The rise in wholesale prices was largely influenced by the increase in prices for petroleum products by 10.9 percent. According to data from the agency, prices for cereals, fresh leaves of tobacco, seeds and animal feed increased by 17.6 percent each.
On a monthly basis, wholesale prices fell 1.2 percent after rising 0.2 percent in November.
For the entire 2018, wholesale prices increased by 2.7 percent.

The fall of the US dollar against the background of concerns about the closure of the US government

The US dollar declined against its main competitors in the European session on Monday, as the closure of the US government has been going on for the fourth week, while the growing hope that the Fed will stop the policy tightening cycle also had a negative effect on the currency

The closure of the US government was the longest in history, as Trump and the Democrats continued to quarrel over the President’s demand for $ 5.7 billion to build a wall along the border between the United States and Mexico. [19659002] At the weekend, Trump warned about a much longer closure and blamed the Democrats.

The yield on US Treasury bonds fell and the yield on 10-year bills decreased by 2.67 percent, while the yield on the 2-year equivalent decreased by 2 , 52 percent. Yield is inversely proportional to bond prices.

China's exports and imports unexpectedly fell in December, triggering new concerns about global growth.

China's exports unexpectedly fell 4.4 percent from a year earlier this month, the largest monthly falling in two years, while imports also lost 7.6 percent, marking the biggest decline since July 2016.

In the Asian session, the currency was trading in different directions against the main currencies. While it fell against the yen and the euro, it remained stable against the franc and the pound.

The US dollar fell to a 4-day low of 107.99 against the yen from a maximum of 108.55 reached at 5:00 pm Eastern time. If the dollar continues to fall, the next support level will be 106.00.

Rising to 0.9845 against the franc at 2:15 am Eastern time, the dollar changed its course and dropped to a 4-day low of 0.9813. The dollar may meet support at 0.97.

The dollar fell to 1.2880 against the pound, the biggest decline since November 23, 2018. The next possible support for the dollar is around 1.30.

On the other hand, the US dollar remained stable against the euro after reaching a maximum of 1.1451 at 5:00 am EST, which was the highest since January 9. The pair closed last week at 1.1468.

Industrial production in the euro area declined faster than expectations in November, as evidenced by preliminary data from the Eurostat statistical office, published on Monday.

Industrial production decreased by 1, 7 percent since October, when the rate rose by 0.1 percent, revised from 0.2 percent. Economists had expected a 1.5 percent decline.

The US dollar rose to a 4-day high of 0.7176 against the Australian dollar and a 6-day high of 1.3398 against the Canadian dollar and remained stable thereafter. The dollar closed on Friday at 0.7214 against Aussie and 1.3264 against Loonie.

The dollar, which closed trading at 0.6832 against Kiwi on Friday, rose to 0.6797 and remained stable after that.

Inflation in Finland slowed in December

Consumer price inflation in Finland slowed for the second consecutive month in December, according to data from Statistics Finland, published on Monday.
Consumer price inflation eased from 1.3 percent in November to 1.2 percent in December.
The increase in consumer prices compared with last year’s level was mainly due to the increase in prices for tobacco products, electricity and fuel, as well as the overhaul of private houses.
On a monthly basis, consumer prices fell 0.1 percent in December, falling for the second month in a row.
The harmonized inflation for Finland was 1.3 percent in December, and the eurozone inflation rate was 1.6 percent. In November, the inflation rate in Finland was 1.4 percent.
Compared with the previous month, the harmonized consumer price index fell by 0.2 percent.