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Forums => Forex Forum => Topic started by: InstaForex Gertrude on November 14, 2015, 12:02:02 am

Title: Forex News from InstaForex
Post by: InstaForex Gertrude on November 14, 2015, 12:02:02 am
Dear traders, participants and guests of the portal!

In this thread we present fresh Forex news. Our news contain exhaustive information about topical events and facts of the financial world; we offer international statistical data in order to help you correct and enhance your trading strategy. We also present video news from InstaForex-TV portal. InstaForex-TV channel provides the latest information about fluctuations of currency rates and forecasts their influence on the future movement of currencies. Our news will be especially useful if you prefer intraday trading and use fundamental analysis.
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 14, 2016, 03:34:02 am
Fed: Strong dollar, low energy prices impact US economic growth

(http://forex-images.mt5.com/prime_news/preview/5696fc9148dea.jpg)

A firm US dollar and low energy prices have affected the American economy, as improvements in consumer spending and the labor market did nothing to counter its negative effects. Based on its Beige Book report of anecdotal details on business activity, collated from contacts in the country, the Federal Reserve said US economic activity expanded in nine of the 12 districts. The Boston Fed reported a positive economic activity, while Kansas City and New York districts considered theirs flat. Also, half the central bank's districts noted the perception for future economic growth was still mostly optimistic. Policymakers, in general, perceive additional four quarter-point increments in 2016 although they reiterated it would depend on figures and progress on Fed's 2% target on inflation.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 14, 2016, 03:39:24 am
Australia Unemployment Rate Steady At 5.8% In December

(https://forex-images.instaforex.com/analysts/big_preview/unemployment-rate/18.jpg)

The jobless rate in Australia was a seasonally adjusted 5.8 percent in December, the Australian Bureau of Statistics said on Thursday. That was unchanged from the November reading, and it beat forecasts for 5.9 percent. The Australian economy lost 1,000 jobs in December to 11,902,300 - which also topped forecasts for a decline of 10,000 jobs following the addition of 71,400 jobs in the previous month. Full-time employment saw an increase of 17,600 jobs in December to 8,228,700 following the spike of 41,600 a month earlier. Part-time employment was down 18,500 jobs to 3,673,600 following the 29,700 increase in November. Unemployment decreased 10,900 to 727,500. The number of unemployed persons looking for full-time work decreased 2,600 to 515,000 while the number of unemployed persons only looking for part-time work decreased 8,400 to 212,500. "The trend shows that around 312,000 more people were employed in December 2015 than in December 2014. Full-time employment growth was stronger than part-time over the year, increasing by 186,600 people," said Bruce Hockman, General Manager of ABS' Macroeconomic Statistics Division. The increase in employment has contributed to the trend employment to population ratio rising over the year from 60.6 percent to 61.4 percent, while the unemployment rate has decreased over the year from 6.2 percent to 5.8 percent. The participation rate was 65.1 percent - missing forecasts for 65.2 percent and down from 65.3 percent a month earlier. Monthly hours worked in all jobs increased 0.3 million hours to 1,645.2 million hours.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 15, 2016, 05:22:09 am
Saudi Arabia plans to create new sovereign fund - source

Saudi Arabia is planning to set up a new sovereign fund for diversifying its investments and overseeing a portion of its oil wealth. People privy to the matter, the kingdom also asked consultancies and investment banks to present proposals for the project. Sources said maintaining the foreign reserves at an acceptable level is needed to bolster the real and retain a sturdy financial position. Another source added the government did not disclose the size of the new sovereign fund. As of present, Saudi's state budget deficit is at record high while net foreign assets plunged over $100 billion in 15 months.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 15, 2016, 07:46:55 am
European Economics Preview: Eurozone Foreign Trade Data Due

Foreign trade data from euro area is due on Friday, headlining a light day for the European economic news. At 3.00 am ET, Spain's statistical office INE publishes final consumer price data for December. Prices are forecast to remain flat on a yearly basis as initially estimated. In the meantime, Turkey's unemployment figures are due. The jobless rate is seen unchanged at 10.3 percent in October. At 4.00 am ET, Italy's statistical office Istat issues final consumer prices for December. According to preliminary estimate, consumer prices rose 0.1 percent from last year. Half an hour later, the Office for National Statistics issues U.K. construction output data. Output is forecast to fall 0.1 percent on a yearly basis in November after rising 1 percent in October. At 5.00 am ET, Eurostat is set to release Eurozone foreign trade figures for November. The trade surplus is expected to rise slightly to EUR 21 billion from EUR 19.9 billion in October.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 18, 2016, 02:48:10 am
Oil Slides to Lowest Since 2003 As Iran Sanctions Lifted

Brent and U.S. crude futures fell to the lowest since 2003 following the lifting of the sanctions at the weekend. Iran is ready to increase its crude exports by 500,000 barrels a day, the deputy oil minister said on Sunday, hours after international sanctions on Tehran were lifted, removing an obstacle to exports. NYMEX crude for February delivery was down 86 cents at $28.56 a barrel, after falling more than $1 earlier to $28.36, the lowest since Oct. 30, 2003. London Brent crude for March delivery was down $1.14 at $27.80 a barrel by 2333 GMT, after touching an intraday low of $27.70 earlier, the lowest since Nov. 25, 2003.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 18, 2016, 04:40:24 am
UK House Prices Rise For First Time In 3 Months: Rightmove

British house prices climbed at the start of the year, after declining in the previous two months, the latest house price balance from property tracking website Rightmove showed on Monday. The house price index rose slightly by 0.5 percent month-over-month in January, in contrast to a 1.1 percent decrease in December. "With their asking prices pretty much the same as a month ago, perhaps the knock-on effects of the more punitive landlord tax regime have arrived early and they now face a dilemma over whether to buy now or wait to see if prices drop in this sector over the next few months," Miles Shipside, co-founder of Rightmove, said. On an annual basis, house prices house prices grew at a slower pace of 6.5 percent in January, following a 7.4 percent surge in the prior month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 18, 2016, 05:23:20 am
Azerbaijan gas output in 2015 totalled 29.1 BCM - energy minister

Azerbaijan's Energy Minister Natig Aliyev said the country's gas production in 2015 totalled 29.1 billion cubic metres (bcm). He said gas output from the Azeri Shah Deniz field was seen at 10.1 bcm in 2016, up from 9.9 bcm ilast year, and that oil production at BP-operated ACG fields amounted to 31 million tonnes last year.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 19, 2016, 04:49:43 am
Australian Dollar Falls Against Majors

(https://forex-images.instaforex.com/analysts/big_preview/australia/7.jpg)

The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to a 4-day low of 0.9945 against the Canadian dollar, from yesterday's closing value of 0.9993. Against the U.S. dollar, the yen and the euro, the aussie dropped to 0.6839, 80.19 and 1.5943 from yesterday's closing quotes of 0.6865, 80.51 and 1.5861, respectively. If the aussie extends its downtrend, it is likely to find support around 0.98 against the loonie, 0.67 against the greenback, 79.00 against the yen and 1.61 against the euro.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 19, 2016, 06:16:07 am
US court favors Apple in patent dispute against Samsung

Apple Inc. gained victory in its patent case versus Samsung Electronics Co. when the District Court in San Jose ordered the South Korean firm to halt the usage, sale, or development of software in the United States which aids mobile phones transgress on such patents. The said ruling encompasses software utilized in older Samsung devices, including Galaxy S II, SIII, and Note smartphones. Both smartphone giants have filed cases against each other in several courts around the world, claiming the other's phones violating their respective patents. Both companies did not immediately respond to requests for comment.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 20, 2016, 06:24:33 am
Oversupply may saturate oil market, says IEA

Oversupply may submerge the overall crude oil market until at least in the latter part of 2016 due to increasing supply and unusual warm weather. Based on the International Energy Agency's monthly report, such factors could push oil prices lower than its present 12-year troughs. It also warned of more price declines ahead. Also, the IEA said oil supply worldwide could surpass demand by 1.5 million barrels per day in the first half of the year, with Iran adding 600,000 bpd by mid-2016 and other nations keeping current output. Brent futures LCOc1, sliding below $30 a barrel, have hit its lowest level since late 2003 after the Organization of the Petroleum Exporting Countries decided not to reduce output to stop the price decline amid oversupply.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 21, 2016, 04:17:45 am
Fitch: Rising Interest Rates to Ease Taiwan Life Insurers' Negative Spreads

Fitch Ratings says in a new report that a persistent decline in the costs of insurance liabilities and improvements in recurring investment yields on rising market interest rates will reduce Taiwanese life insurers' negative interest spreads. However, the Sector Outlook remains Negative as Fitch expects that the high guaranteed rates of legacy policies will still constrain the sector's profitability at least in the near term. Life insurers' costs of insurance liabilities have been dropping by about 10 bp per year with inflows of low-guaranteed-rate policies. Fitch estimates that large insurers have lower funding costs at below 3.5% after including mortality/morbidity and loading gains, versus above 4.5% for some small insurers. Rising interest rates would help improve returns from life insurers' assets, which have shorter duration than their insurance liabilities. Asset risk is the key concern in the life sector, as life insurers have taken significant overseas investments at 55.7% of invested assets at end-August 2015. They are increasingly involved in corporate bonds, financial debentures and sovereign bonds of emerging markets, shifting from treasuries and agency bonds issued by developed countries. Their capitalisation, therefore, is vulnerable to unfavourable movements in the capital and currency markets. For non-life insurers, their Stable Sector Outlook is supported by strong capital buffers and satisfactory underwriting performance, with combined ratios generally below 95%. Non-life insurers' aggregate equity-to-assets ratio was 32% at end-August 2015. They had also accumulated claims equalisation reserves of 13% of total assets by end-2014. The sector's underwriting leverage remains low, at around 1x between 2011 and 2014, as measured by net premiums written/shareholders' equity.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 21, 2016, 05:49:20 am
Wall Street slumps to 2014 trough as oil prices hit 2003 lows

Wall Street plummeted as the S&P 500 touched its lowest since October 2014 and US oil prices plunged to 2003 troughs. US crude slid 6.6% as a supply glut affected bearish financial reports, aggravating woes over demand. But a bounce in US oil prices helped counter losses in stocks. The Dow Jones Industrial Average closed at 15,766.74 points, down 1.56%. The Nasdaq Composite ended at 4,471.69, down 0.12%. The S&P 500 settled at 1,859.33, down 1.17%. Also, the CBOE volatility index was at 27.59, up 5.9%.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 22, 2016, 05:22:33 am
Taiwan Dec Jobless Rate Rises More Than Expected

Taiwan's unemployment rate increased more-than-expected December, figures from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Friday. The seasonally adjusted jobless rate rose to 3.88 percent in December from 3.84 percent in November. Economists had forecast the unemployment rate to climb marginally to 3.85 percent. The number of unemployed people grew to 453,000 in December from 449,000 in the previous month. A year ago, the jobless figure totaled 442,000. Meanwhile, the labor force participation rate held steady for the second straight month in December at 58.67 percent. On an unadjusted basis, the unemployment rate came in at 3.87 percent in December, down from 3.91 percent a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 22, 2016, 06:29:09 am
China to look after stock traders, says Li

China assures stock market investors the country will uphold their interests to ensure speculators won't benefit at their expense, and that the government is willing to intervene, if necessary. Vice President Li Yuanchao said the administration would improve regulation in order to curb volatility, saying the Chinese market is not yet mature. Both the Hang Seng China and the Shanghai composite indices have wiped out over 15% this year even though the People's Bank of China injected cash into the system to bolster the economy and pull down borrowing costs.


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Title: Re: Forex News from InstaForex
Post by: FrankJunior on January 22, 2016, 03:03:56 pm
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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 23, 2016, 01:17:50 am
Treasuries Give Back Ground Amid Global Stock Market Rally

Following the pullback seen in the previous session, treasuries saw some further downside during trading on Friday. Bond prices came under pressure in early trading but managed to regain some ground as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.9 basis points to 2.048 percent. With the increase on the day, the ten-year yield climbed further off the three-month closing low set on Wednesday. The continued weakness among treasuries came amid a pickup in risk appetite the helped drive a global stock markets rally. A notable increase by the price of crude oil also reduced the appeal of treasuries, with crude for March delivery jumping $2.66 to $32.19 a barrel. The price of crude added to the $1.18 a barrel increase seen in the previous session to climb back above the $30 a barrel level. On the U.S. economic front, the National Association of Realtors released a report showing that existing home sales rebounded strongly in December after seeing a steep drop in the previous month. NAR said existing home sales jumped 14.7 percent to an annual rate of 5.46 million in December from a rate of 4.76 million in November. Economists had expected sales to climb to a rate of 5.20 million. A separate report from the Conference Board showed a modest decrease by its index of leading economic indicators in December. The Federal Reserve's monetary policy announcement is likely to attract attention next week, although the central bank is widely expected to leave interest rates unchanged. Trading could also be impacted by reaction to reports on consumer confidence, new home sales, durable goods orders and pending home sales. Bond traders are also likely to keep an eye on the Treasury Department's auctions of two-year, five-year and seven-year notes. The Treasury is due to auction $26 billion worth of two-year notes next Tuesday, $35 billion worth of five-year notes next Wednesday and $29 billion worth of seven-year notes next Thursday.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 26, 2016, 06:05:46 am
Investors shift away from stocks, says BlackRock

Combating Investors are moving away from stocks and turning to more illiquid holdings, including private credit and real estate in order to counter market volatility and gain profits. According to a survey by BlackRock Inc., people are avoiding stocks in general. More than half of biggest institutional clients are planning to raise allotments to private credit and real estate assets, while 33% wanting to lower their equity allocations. BlackRock's senior managing director and global head of institutional client business Mark McCombe said recent events made investors manage their risks actively.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 26, 2016, 07:55:57 am
Franc Little Changed After Swiss Trade Data

Swiss Federal Customs Administration published foreign trade data for December in the pre-European session on Tuesday at 2:00 am ET. After the data, the Swiss franc changed little against its major rivals. As of 2:01 am ET, the Swiss franc was trading at 1.0993 against the euro, 1.4393 against the pound, 1.0128 against the U.S. dollar and 116.33 against the yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 27, 2016, 05:04:21 am
Moody's: China's Pursuit of Growth Target Risks Extending Economic Imbalances

Moody's Investors Service says that maintaining robust economic growth will remain the priority of China's (Aa3 stable) authorities in 2016, but some of the implications of this approach will be credit negative. Moody's notes that China's relatively robust GDP growth of 6.9% in 2015 owed to significant monetary and fiscal stimulus -- reflecting this focus -- which prevented a sharper slowdown from 7.3% in 2014. Policy support in the pursuit of growth targets is likely to persist in 2016, with the credit-negative effect of postponing deleveraging and the reduction of excess capacity. Moody's conclusions were contained in its just-released report on the Government of China, "Government of China: Stimulus Could Prolong Imbalances, a Credit Negative." In the context of equity and currency market volatility and persistent capital outflows, Moody's further notes that it is becoming increasingly difficult for the government to achieve its growth target while steering the economy toward a more balanced structure. While sustainable rebalancing advances one aspect of the authorities' policy agenda, a more rapid process would involve tackling excess capacity in parts of the industrial sector, with negative short-term consequences for the economy and potentially financial stability. In Moody's view, China's authorities will allow the fiscal deficit to widen to around 2.5-3% of GDP in 2016, after 2.7% in 2015 and under 2% in the previous five years, to provide room for policy support. Government debt will rise slightly above 40% of GDP, still in line with similarly rated peers. Moody's concludes that while fiscal and monetary policy supported overall GDP growth last year, they have not raised profitability in those sectors that the economy is rebalancing away from, such as heavy industry. As stimulus continues, it is likely to increase system-wide leverage -- or at least prevent it from falling -- without boosting profitability. This will raise debt serviceability risks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 27, 2016, 06:04:25 am
OPEC, Russia discuss likely joint action on supply glut

Senior OPEC and Russian officials talked over a potential joint act to resolve one of the worst supply gluts in decades. But Saudi Arabia implied its stance to letting the oil market rebalance itself. OPEC Secretary General Abdalla El-Badri said other producers should cooperate in order to settle oversupply for prices to recuperate. The Organization of the Petroleum Exporting Countries previously said it would only consider reducing output if others pledge to do so. So far, Russia has refused to collaborate, saying its fields and weather conditions are not similar to those in the Gulf region even as prices below $30 a barrel are way below what they need to break even.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 28, 2016, 05:03:46 am
Federal Reserve leaves rates unchanged, accounts market selloff

The Federal Reserve, acknowledging a stock market selloff, kept interest rates unchanged and would closely monitor global economic and financial improvements, saying it cannot afford to ditch a plan to tighten this year's monetary policy. The decision by the Federal Open Market Committee was widely anticipated following stock markets in the United States and around the globe sustained month-long plunge, raising concerns a sudden global slowdown could dent US growth. In a statement, policymakers, after their two-day meeting, will be looking into the effects of global economic and financial growths in inflation and job market.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 28, 2016, 07:03:16 am
Singapore Employment Logs Slowest Growth Since 2003

Singapore's employment increased at the slowest annual pace in 12 years on sluggish global economic conditions and weak performance of city-state economy, data published by the Ministry of Manpower showed Thursday. Total employment advanced 31,800 or 0.9 percent in 2015, which was the weakest expansion since 2003. In the fourth quarter, total employment grew 15,500 from the previous quarter when it rose 12,600. The ministry said total employment growth has moderated amidst weaker economic conditions and tightened supply of foreign manpower. Further, data showed that local employment increased marginally by an estimated 100 or zero percent in 2015, after growing strongly by 96,000 in 2014. Meanwhile, foreign employment, excluding foreign domestic workers, continued to grow at a moderate pace of an estimated 22,600, or 2 percent in 2015. The jobless rate slid to 1.9 percent in December quarter from 2 percent in September quarter. It was forecast to remain at 2 percent. For the whole of 2015, the annual average unemployment rate was broadly unchanged since 2011, at 1.9 percent.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 29, 2016, 05:03:03 am
New Zealand Money Supply Growth Slows In December

New Zealand's money supply growth eased in December after accelerating in the prior month, figures from the Reserve Bank of New Zealand showed Friday. The broad money supply, or M3, climbed at a slower pace of 8.1 percent year-over-year to NZ$305,985 billion in December, following a 8.4 percent hike in November. In the same month of the preceding year, the rate of increase was 6.3 percent. At the same time, the annual growth in intermediate money supply, or M2, quickened to 14.2 percent in December from 13.7 a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 29, 2016, 06:33:17 am
Facebook glides Wall Street higher

The Wall Street soared as Facebook Inc.'s stellar quarterly report bolstered tech stocks higher and a leap in oil prices lifted up the energy sector. The social media company shares surged 15.5%, its largest one-day bounce since 2013, as digital advertising soared 52% in fourth quarter revenue. The S&P tech sector rose 1.48% as Alphabet advanced 4.28%. The S&P energy sector climbed 3.15% as oil prices increased almost 3%. Earnings from Facebook and other companies, as well as oil prices rebound were the forces behind most of the day's improved sentiment. But investors cautioned the accelerations could be short-lived.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 01, 2016, 05:34:33 am
China PMI narrows than projected in January

China's manufacturing sector activity constricted more than predicted in January, weaker than the preceding month. Official figures showed Purchasing Managers' Index settled at 49.4 last month from 49.7 in December. Chinese economic growth skidded to 6.9% in the past year, its slowest expansion in 25 years, pressuring policymakers to renew confidence of traders in the country.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 02, 2016, 04:12:26 am
BOJ should continue hitting 2% inflation target - Ishihara

Japan's Economy Minister Nobuteru Ishihara urged Bank of Japan should hold on to its goal of 2% inflation to boost the economy. The official said the BOJ's move to adopt negative interest rates will bolster the housing industry and capital expenditure, but he needs ample time to trail its effect.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 02, 2016, 05:35:11 am
RBA Keeps Rates Unchanged

Australia's central bank maintained its record low interest rate for the ninth straight meeting on Tuesday as widely expected by economists. The policy board of the Reserve Bank of Australia left its cash rate unchanged at 2.00 percent. Policymakers judged that there were reasonable prospects for continued growth in the economy, with inflation close to target. The Board therefore decided that the current setting of monetary policy remained appropriate. Members noted that the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand. "Over the period ahead, new information should allow the Board to judge whether the recent improvement in labour market conditions is continuing and whether the recent financial turbulence portends weaker global and domestic demand," the bank said in a statement.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 03, 2016, 03:01:58 am
Australia December Trade Deficit A$3.535 Billion

Australia posted a seasonally adjusted merchandise trade deficit of A$5.353 in December, the Australian Bureau of Statistics said on Wednesday - tumbling 30 percent on month. The headline figure missed forecasts for a shortfall of A$2.450 billion following the upwardly revised A$2.727 billion deficit in November (originally -A$2.906 billion). Exports were down A$1.243 billion or 5 percent on month to A$25.247 billion. Non-rural goods fell A$1.078 billion (7 percent) and rural goods fell A$392 million (9 percent). Non-monetary gold rose A$121 million (10 percent). Net exports of goods under merchanting remained steady at A$14 million. Services credits rose A$108 million (2 percent). Imports eased A$434 million or 1.0 percent to A$28.782 billion. Intermediate and other merchandise goods fell A$399 million (4 percent), while capital goods fell A$176 million (3 percent) and consumption goods shed A$57 million (1 percent). Non-monetary gold surged A$108 million (39 percent) and services debits added A$89 million (1 percent). For all of 2015, the trade deficit was A$33.5 billion following the A$9.9 billion shortfall in 2014. Also on Wednesday: .   The ABS said that the total number of building approvals issued in Australia spiked a seasonally adjusted 9.2 percent on month in December, coming in at 18,868. That topped forecasts for an increase of 4.5 percent following the revised 12.4 percent contraction in November. On a yearly basis, approvals slipped 2.5 percent - also beating forecasts for a decline of 7.2 percent after the 8.4 percent contraction in the previous month. Approvals for private sector houses added 5.4 percent on month and 4.5 percent on year to 9,868, while approvals for private sector dwellings excluding houses spiked 12.8 percent on month and fell 6.5 percent on year to 8,839. The seasonally adjusted estimate of the value of total building approved rose 1.1 percent in December following a fall of 3.8 percent in the previous month. The value of residential building rose 4.7 percent following a fall of 8.9 percent in the previous month. The value of non-residential building fell 6.1 percent following a rise of 8.2 percent a month earlier. .   The service sector in Australia continued to contract in January, albeit at a slower pace, the latest survey from the Australian Industry Group showed with a PMI score of 48.4. That's up sharply from 46.3 in December, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction for the fourth straight month. Among the individual components of the survey, supplier deliveries and selling prices expanded, while wages moved into contraction for the first time since 2009. Stocks, employment and new orders also contracted.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 03, 2016, 05:01:59 am
BNZ won't scramble to lower rates on low inflation, says Wheeler

The Reserve Bank of New Zealand implied it won't rush to further slash its interest rate even though inflation is close to zero, emphasizing its flexibility to look into slumping oil prices. Governor Graeme Wheeler, in a speech, said it won't be suitable to attempt to counter the low oil price by cutting the official cash rate. The RBNZ head added some additional policy easing may be necessary in 2017 in case concerns aggravate around the probabilities for the global economy and its effect on the country. In 2015, the central bank reduced the rate four times to a record low of 2.5%. Inflation slid to 0.1% in the fourth quarter due to declining crude prices.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 04, 2016, 05:11:37 am
Canadian Dollar Climbs Against Majors

The Canadian dollar strengthened against the other major currencies in the Asian session on Thursday. The Canadian dollar rose to nearly a 2-month high of 1.3719 against the U.S. dollar, from yesterday's closing value of 1.3778. Against the yen, the euro and the Australian dollar, the loonie edged up to 86.06, 1.5222 and 0.9849 from yesterday's closing quotes of 85.52, 1.5299 and 0.9871, respectively. If the loonie extends its uptrend, it is likely to find resistance around 1.35 against the greenback, 89.00 against the yen, 1.49 against the euro and 0.97 against the aussie.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 05, 2016, 02:21:36 am
Australia December Retail Sales Flat On Month

The total value of retail sales in Australia was unchanged in December on a seasonally adjusted basis, the Australian Bureau of Statistics said on Friday, worth A$24.759 billion. That missed forecasts for an increase of 0.4 percent, which would have been unchanged from the November reading. Sales were up 0.6 percent in October. Among the individual components, food retailing was up 0.4 percent, along with household goods retailing (0.4 percent), clothing, footwear and personal accessory retailing (0.4 percent) and department stores (0.4 percent). Other retailing (0.0 percent) and cafes, restaurants and takeaway food services (0.0 percent) were relatively unchanged. By region, sales were up 0.4 percent in Victoria, followed by New South Wales (0.3 percent), Queensland (0.3 percent), South Australia (0.3 percent), the Australian Capital Territory (0.8 percent), Tasmania (0.3 percent) and the Northern Territory (0.2 percent). Western Australia (0.0 percent) was relatively unchanged. For the fourth quarter of 2015, retail sales added 0.6 percent to A$72.062 billion. That also missed expectations for an increase of 0.9 percent, although it was unchanged from the three months prior. Also on Friday, the Australian Industry Group said that the construction sector in Australia remained in contraction in January with a PMI score of 46.3. That's down from 46.8 in December, and it moves farther beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components of the survey, apartment building, commercial construction and engineering construction all contracted - while house building expanded for the second straight month. Activities and new orders remained in contraction, while supplier deliveries swung lower from expansion last month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 05, 2016, 06:20:40 am
Obama to proffer $10 per barrel tax on crude oil

Next week, President Barack Obama will unveil a proposal to levy $10 a barrel on crude oil which would finance the rebuilding of the country's transportation infrastructure. According to the White House, the new tax would enable Obama's plan to create a precise concession for private sector transformation to invest in clean energy technologies and cut the country's dependence on oil. Legislators in the Congress, however, swifty criticized Obama's proposal. Obama has emphasized the United States must stop subsidizing fossil fuels and concentrate on clean fuels which do not worsen climate change.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 09, 2016, 06:13:33 am
Puerto Rico's economic activity index down 0.5 percent in Dec.

The economic activity index of Puerto Rico dropped 0.5% in December year-on-year, its Government Development Bank said. According to the data, gasoline consumption slid by 0.8% year-on-year, while cement sales fell nearly 15%. The U.S. territory has about $70 billion of debt and has defaulted on some of its borrowings.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 09, 2016, 07:07:43 am
Dutch Manufacturing Output Rises For Fourth Month

Dutch manufacturing output increased for the fourth straight month in December but the pace of growth eased slightly, data from the Central Bureau of Statistics showed Tuesday. The average daily output of Dutch manufacturing industry grew 2.4 percent annually, following November's 2.5 percent increase. This was the fourth consecutive annual growth in production. Output of pharmaceutical industry advanced around 19 percent from last year and that of metal production climbed about 8 percent. The chemical industry output increased by more than 7 percent. On a monthly basis, growth in manufacturing output eased to 0.4 percent from 1.2 percent in November.

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Post by: InstaForex Gertrude on February 10, 2016, 05:37:28 am
Canadian Dollar Slides Against Most Majors

The Canadian dollar weakened against most major currencies in the Asian session on Wednesday. The Canadian dollar fell to nearly a 3-week low of 1.5725 against the euro, from yesterday's closing value of 1.5657. Against the U.S. dollar and the yen, the loonie dropped to 1.3913 and 82.17 from yesterday's closing quotes of 1.3865 and 82.99, respectively. If the loonie extends its downtrend, it is likely to find support around 1.61 against the euro, 1.43 against the greenback and 79.00 against the yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 11, 2016, 06:27:49 am
Yen Rises Against Majors

The Japanese yen strengthened against the other major currencies in the Asian session on Thursday. The yen rose to more than a 2-year high of 163.84 against the pound and a 16-month high of 112.53 against the U.S. dollar, from yesterday's closing quotes of 164.56 and 113.32, respectively. Against the euro, the Swiss franc and the Canadian dollar, the yen advanced to 3-week highs of 127.35, 115.93 and 80.89 from yesterday's closing quotes of 127.96, 116.39 and 81.35, respectively. Against the Australian and the New Zealand dollars, the yen climbed to 2-day highs of 80.17 and 75.36 from yesterday's closing quotes of 80.38 and 75.73, respectively. If the yen extends its uptrend, it is likely to find resistance around 162.00 against the pound, 111.00 against the greenback, 126.00 against the euro, 114.00 against the franc, 78.00 against the loonie, 79.00 against the aussie and 73.00 against the kiwi.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 15, 2016, 04:05:04 am
Japan GDP Slides 1.4% On Year In Q4

Japan's gross domestic product contracted an annualized 1.4 percent on year in the fourth quarter of 2015, the Cabinet Office said in Monday's preliminary reading. That missed forecasts for a decline of 0.8 percent following the upwardly revised 1.3 percent increase in the third quarter (originally 1.0 percent). On a quarterly basis, GDP was down 0.4 percent - also shy of expectations for a decline of 0.2 percent following the 0.3 percent gain in the three months prior. Nominal GDP slipped 0.3 percent on quarter versus expectations for a fall of 0.1 percent following the upwardly revised 0.6 percent increase in the previous three months (originally 0.4 percent). The GDP deflator advanced 1.5 percent on year - also beneath forecasts for 1.6 percent and down from 1.8 percent in the third quarter. Private consumption tumbled 0.8 percent on quarter versus forecasts for a fall of 0.6 percent after gaining 0.4 percent in the previous three months. Capital expenditure gained 1.4 percent on quarter - topping expectations for a decline of 0.2 percent and accelerating from the 0.7 percent increase in the three months prior. Domestic demand shaved 0.5 percentage points from GDP growth, while net exports added 0.1 point.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 15, 2016, 05:17:35 am
South Korea Money Supply Growth Eases Further

South Korea's money supply growth slowed for the third straight month in December, preliminary figures from the Bank of Korea showed Monday. M2, a broad measure of money supply, rose 7.5 percent year-over-year in December, slower than the 7.7 percent spike in the previous month. On a monthly basis, M2 money supply dropped slightly by 0.1 percent at the end of the year, reversing a 0.4 percent increase in November. At the same time, annual growth in liquidity quickened to 8.3 percent in December from 7.8 percent in the preceding month. Liquidity of financial institutions grew at a slower pace of 8.9 percent yearly in December, following a 9.2 percent hike a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 15, 2016, 07:42:07 am
Singapore Airlines expects global economic weakness to dent premium traffic

Singapore Airlines is expecting weakness in the global economy to affect its premium air traffic, its chief executive officer Goh Choon Phong said on Monday. Phonh said, "we are still seeing the demand in this segment on our routes anyway, to be fairly strong”. SIA's business model hinges on using its hub at Singapore's Changi Airport to connect passengers within Asia and to Europe, Australia and the U.S.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 16, 2016, 04:35:20 am
Canadian Dollar Rises Against Most Majors

The Canadian dollar strengthened against most majors in the Asian session on Tuesday. The Canadian dollar rose to near 2-week highs of 1.3773 against the U.S. dollar and 1.5372 against the euro, from yesterday's closing quotes of 1.3832 and 1.5428, respectively. Against the yen, the loonie advanced to a 1-week high of 83.24 from yesterday's closing value of 82.79. If the loonie extends its uptrend, it is likely to find resistance around 1.36 against the greenback, 1.49 against the euro and 87.00 against the yen.

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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 17, 2016, 12:40:05 pm
Bank of Japan's negative interest rates take effect

(http://forex-images.mt5.com/prime_news/preview/56c2d07a9c266.jpg)

Despite the global market turmoil, the Bank of Japan has formally implemented negative interest rates aimed at encouraging banks to lend more money and press savers and entities to spend and invest. The BOJ unveiled the plan on January 29 where banks will pay 0.1% for keeping extra reserves with the central bank. The announcement pushed the markets down even though it quickly drove the Japanese yen down and beefed up stock prices. Stock prices of Japanese banks declined as well, plunging by as much as 30%. Although analysts said the timing of instituting negative rates was not right, Economic Minister Nobuteru Ishihara said it will take more time to gauge the effect of such rates, which has started to affect auto loans and mortgages.

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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 17, 2016, 12:40:42 pm
Bank of Japan's negative interest rates take effect


Despite the global market turmoil, the Bank of Japan has formally implemented negative interest rates aimed at encouraging banks to lend more money and press savers and entities to spend and invest. The BOJ unveiled the plan on January 29 where banks will pay 0.1% for keeping extra reserves with the central bank. The announcement pushed the markets down even though it quickly drove the Japanese yen down and beefed up stock prices. Stock prices of Japanese banks declined as well, plunging by as much as 30%. Although analysts said the timing of instituting negative rates was not right, Economic Minister Nobuteru Ishihara said it will take more time to gauge the effect of such rates, which has started to affect auto loans and mortgages.

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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 18, 2016, 07:39:48 am

Asian stocks advance as European, Japanese shares surge 7%


(http://forex-images.mt5.com/prime_news/preview/56c2d011b3e96.jpg)

Asian shares accelerated Tuesday as European and Japanese stocks ended 7% higher in the last trading session. Japan's Nikkei 225 closed at 16,138.48, up 0.72%. The Shanghai Composite Index ended at 2,801.17, up 2%. Hong Kong's Hang Seng Index settled at 19,201.96, up 1.5%. South Korea's Kospi was at 1,882.44, up 1.1%. In China, markets rallied amid weak trade figures reported by the government. Also, People's Bank of China Governor Zhou Xiaochuan's comments, aimed at alleviating woes about dwindling currency reserves, propelled the yuan into its largest gain since 2005. Meanwhile in Japan, Softbank Group climbed around 14% in early trade following they unveiled its biggest share buyback, seeking to beef up investor sentiment.

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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 19, 2016, 08:41:26 am
Fed mulls changing plans over rate hikes - minutes

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Federal Reserve officials once considered changing their game plan on raising interest rates throughout this year, based on the minutes of their latest meeting. The minutes also showed policymakers were concerned a global economic degeneration could affect the United States and agreed the uncertainty had escalated since their decision to increase rates in December. Members unanimously voted to hike rates by 25 basis points last year for the first time since 2006. Since then, oil prices have continued to decline and global stock markets have been more volatile. Some officials felt they need to wait to further raise rates due to rigid economic conditions to ensure the US economic outlook is not dwindling and inflation is not below their 2% target.

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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 22, 2016, 08:48:24 am
Russia: Oil output may hit worst price despite OPEC talks

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Russia's oil production may slide 14% in the next five to ten years amid initial agreement with Saudi Arabia to freeze crude output at January levels to bolster crude prices. The country's Energy Ministry said oil output may decline to 460 million metric tons in 2020-2025 from 534 million metric tons a year ago. In a worst case scenario, the ministry emphasized oil prices would stay at approximately $31 to $33 per barrel between 2016 and 2017, rebounding to $42 per barrel in 2020. That scenario presumed demand in China and other Asian countries dwindles on degenerating economic expansion, the United States raises shale output, and Middle East nations bolster cheap supplies. Russia has been contending with its longest recession in two decades as slumping oil prices and global sanctions have dented its economy over the Ukrainian crisis.

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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 23, 2016, 08:43:11 am
UK bank rules won't change if British people backs Brexit

(http://forex-images.mt5.com/prime_news/preview/56cbb36b1020c.jpg)

The United Kingdom's bank rules won't go back to pre-crisis days should British people decide to support leaving the European Union in a June 23 referendum. Prudential Regulation Authority head Andrew Bailey made the statement as Prime Minister David Cameron is pushing to better the country's ties with the EU. Bailey ruled out a revert as the banking rules are integrated in a general response to any financial crisis that the Basel Committee on Supervision coordinated globally. Under the deal with the European leaders, the banking law, which includes prudential prerequisites for banks, is to be implemented by all financial institutions to achieve balance in the market.

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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 24, 2016, 09:08:19 am
Fed official cautions on scrambling for government-only US funds

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A top Federal Reserve official warned converting US money funds to government-only from prime could be steeply reverted and affect the general policy implementation when a new tool is gradually ditched. New York Fed Markets Group Head Simon Potter said money funds, a tool wrenching interest rates from close to zero, are only interim. Over 100 funds have secured an access to overnight repurchase facility rendering a 0.25% short-term yield on cash. Many of them are scrambling to make the change in recent months. The Securities and Exchange Commission has given them until October to redeem prime funds. 
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Title: Re: Forex News from InstaForex
Post by: Instaforex Bella on February 26, 2016, 12:36:46 pm
China can raise budget deficit to 4%, says PBOC officials

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As the government seeks to slash corporate taxes, China has the capacity to bolster its budget deficit to 4% of gross domestic product. In an Economic Daily article they wrote, People's Bank of China officials emphasized ample government-owned assets, low levels of sovereign debt, and almost swift economic expansion give the country more advantage to sell additional bonds. They added China could keep a debt-to-GDP ratio of up to 70% at the end of 2025 in case the deficit was escalated to 4%. The article emerges before the nation's leading lawmakers meet this month, in which the annual economic plans and goals will be decided on and unveiled.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 29, 2016, 03:50:35 am
Australia Company Profits Fall 2.8% In Q4

Company operating profits in Australia were down a seasonally adjusted 2.8 percent on month in the fourth quarter of 2015, the Australian Bureau of Statistics said on Monday. That missed forecasts for a decline of 1.8 percent following the upwardly revised 1.4 percent increase in the third quarter )originally 1.3 percent). The manufacturing sales of goods and service fell 2.0 percent on quarter and 8.4 percent on year. The wholesale trade sales of goods and services gained 1.6 percent on quarter and 3.0 percent on year. Inventories dipped 0.4 percent on quarter versus expectations for a gain of 0.1 percent following the flat reading in the three months prior. They were up 0.2 percent on year. The seasonally adjusted estimate for wages and salaries rose 0.5 percent on quarter and 2.8 percent on year in Q4. Also on Monday: .   The Reserve Bank of Australia said that total credit to the private sector in Australia was up 0.5 percent on month in January, in line with expectations and unchanged from the previous month. On a yearly basis, credit advanced 6.5 percent - also matching forecasts after rising 6.6 percent in the previous month. Individually, housing credit added 0.5 percent on month and 7.3 percent on year, while personal credit dipped 0.2 percent on month and on year and business credit gained 0.6 percent on month and 6.2 percent on year. The M3 money stock added 0.8 percent on month and 6.5 percent on year, while broad money gained 0.8 percent on month and 6.6 percent on year. .   The latest forecast from the Melbourne Institute revealed that consumer prices in Australia are predicted to have eased 0.2 percent on month in February. In January, the forecast called for a 0.4 percent decline on month. On a yearly basis, inflation is pegged at 2.1 percent - down from 2.3 percent in the previous month, but still barely within the Reserve Bank of Australia's target range of 2 to 3 percent. Fuel costs were the key driver, tumbling 5.6 percent in the month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 29, 2016, 05:24:32 am
Global business leaders say Brexit is bad for Britain

World business leaders have pressed the United Kingdom to remain in the European Union, saying several complications may surface in case people vote to leave the bloc. China's richest man Wang Jianlin, the person behind One Nine Elms development in Battersea and who owns Sunseeker, said a Brexit is won't be a good choice for Britain and separation would result in more complications for investors. Qantas Chief Executive Alan Joyce echoed the billionaire's remarks, highlighting the economic interest of the country and the union to stay together. A Fidelity survey stated two-thirds of senior executives at British and European companies believed an EU exit would negatively affect their companies.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 01, 2016, 05:17:48 am
Taiwan Manufacturing Sector Turns To Contraction - Nikkei

The manufacturing sector in Taiwan swung to contraction in February, the latest revision from Nikkei showed on Tuesday with a PMI score of 49.4. That was down from 50.6 in January, and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components of the survey, output and new orders both contracted for the first time in three months. Outstanding work declined at its fastest rate since August, while deflationary pressures eased but remain marked.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 03, 2016, 04:03:23 am
China Services Sector Slows In February - Caixin

The services sector in China continued to expand in February, albeit at a slower pace, the latest survey from Caixin showed on Thursday with a PMI score of 51.2. That's down from 52.4 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components, new business growth slowed, while new orders continued to decline and new business was roughly unchanged. The composite index came in with a score of 49.4, down from 50.1 in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 03, 2016, 05:00:54 am
Citigroup hires two execs from Goldman for senior roles

Citigroup Inc has hired Quentin Andre as head of global structured sales and Dirk Keijer as head of equity derivative sales for Europe, the Middle-East and Africa (EMEA), both joined from Goldman Sachs, the company said. Andre spent five years at Goldman serving as managing director and head of EMEA equity and fund derivatives structuring & marketing, as well as head of cross-asset systematic strategies Keijer was managing director, head of equity derivatives sales for Europe at Goldman.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 04, 2016, 03:13:51 am
Australia Retail Sales Add 0.3% In January

The total value of retail sales in Australia was up a seasonally adjusted 0.3 percent on month in January, the Australian Bureau of Statistics said on Friday - coming in at A$24.834 billion. That was shy of forecasts for an increase of 0.4 percent following the flat reading in December. There were rises in other retailing (1.4 percent), household goods retailing (1.0 percent), cafes, restaurants and takeaway food services (1.0 percent) and clothing, footwear and personal accessory retailing (0.1 percent). Food retailing (-0.2 percent) and department stores (-1.3 percent) both fell in January. There were rises in New South Wales (0.5 percent), Queensland (0.3 percent), South Australia (0.4 percent), Western Australia (0.2 percent), Tasmania (1.0 percent), the Australian Capital Territory (0.7 percent) and the Northern Territory (1.3 percent). Victoria (0.0 percent) was relatively unchanged in January 2016. Online retail turnover contributed 2.9 percent to total retail turnover.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 04, 2016, 05:16:01 am
Tech giants unite to support Apple in encryption fight with US

Technology industry leaders, including Alphabet Inc.'s Google, AT&T, Facebook Inc., and Microsoft Corporation submitted legal briefs urging a federal judge to support Apple Inc. which has been engaged in an encryption dispute with the US government. The entire Silicon Valley is opposing an order asking Apple to design a new software and implement other measures to enable access to an iPhone used by a San Bernardino shooter, saying it would compromise privacy and security. Apple argued such an order would lead to a risky precedent and jeopardize user security. Its industry allies filed amicus briefs to US District Judge Sheri Pym in Riverside, California to make their case. On the other hand, relatives of California shooting victims gave their own brief opposing the iPhone maker.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 07, 2016, 04:12:55 am
Usd/sgd Trading in Range


USD/SGD last 1.3780-85, traded 1.3744-82 range so far   
Pair may trade in range amid 1.3750-1.3850 intraday


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 07, 2016, 05:04:26 am
Investors anxious on bets ECB to push rate into negative territory

(http://forex-images.mt5.com/prime_news/preview/56dcee67befdb.png)

Investors are worried the European Central Bank will push the interest rate further into negative territory when they convene Thursday. The central bank's action will likely pull down government bond yields, further slashing borrowing costs which are already near record lows in several countries. But many traders cautioned trading may be volatile and markets could be roiled in case the ECB implements less stimulus than projected. Analysts and portfolio managers were still skeptical regarding the effectiveness of negatives rates in bolstering economic growth and inflation, expressing concerns about unintended consequences.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 08, 2016, 02:45:04 am
Japan Q4 GDP Revised Up To -1.1% On Year

(https://forex-images.instaforex.com/analysts/big_preview/up_market/4.jpg)

Japan's gross domestic product was down an annualized 1.1 percent on year in the fourth quarter of 2015, the Cabinet Office said in Tuesday's revised reading. That beat forecasts for a decline of 1.6 percent following last month's preliminary reading that suggested a contraction of 1.4 percent. GDP expanded 1.3 percent in the third quarter. On a quarterly basis, GDP dipped 0.3 percent - which also marked an upward revision from 0.4 percent. GDP added 0.3 percent in the three months prior. Nominal GDP was bumped up to -0.2 percent on quarter from -0.3 percent in the preliminary reading - although it was still down from the 0.6 percent gain in the third quarter. The GDP deflator was unrevised and in line with expectations, up 1.5 percent on year and down from 1.8 percent in the third quarter. Private consumption was revised down to -0.9 percent on quarter from -0.8 percent in the preliminary after gaining 0.4 percent in the previous three months. Capital expenditure was revised up to 1.5 percent from 1.4 percent in the preliminary reading. It also accelerated from the 0.7 percent increase in the three months prior. Also on Tuesday: .   The Bank of Japan said that the total value of overall bank lending in Japan was up 2.2 percent on year in February, coming in at 496.957 trillion yen. That follows the upwardly revised 2.4 percent increase in January (originally 2.3 percent). Excluding trusts, bank lending was up an annual 2.2 percent to 432.182 trillion yen after rising a downwardly revised 2.3 percent in the previous month (originally 2.4 percent). Lending from trusts added 2.3 percent to 64.774 trillion yen, while lending from foreign banks tumbled 4.2 percent to 1.811 trillion yen. .   The Ministry of Finance noted that Japan had a current account surplus of 520.8 billion yen in January - shy of forecasts for a surplus of 700 billion yen following the 960.7 billion yen surplus in December. The trade balance showed a deficit of 411.0 billion yen - beating forecasts for a shortfall of 530 billion yen following the 188.7 billion yen deficit in the previous month. Exports were down 15.4 percent on year to 5.355 trillion yen, while imports skidded 19.8 percent to 5.766 trillion yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 08, 2016, 04:55:52 am
Canada says Toyota recalls 400,124 vehicles due to airbag issue

(http://forex-images.mt5.com/prime_news/preview/56de4bc346cd4.jpg)

The government of Canada on Mondau said the Toyota Motor Corp was recalling 400,124 vehicles due to an issue with frontal airbags. The Japanese carmaker on Wednesday said it was expanding its worldwide recall involving potentially defective air bags by Takata Corp.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 09, 2016, 04:21:30 am
Corn falls for First Time in 6 Sessions ahead of Usda Report

The most active corn futures fell 0.42 percent to $3.59 a bushel, having gained 0.42 percent in the previous session.  U.S. Department of Agriculture to report latest supply and demand report on Wednesday.   Traders and analysts expect the USDA to further increase its estimates for global corn and soybean inventories from February

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Post by: InstaForex Gertrude on March 09, 2016, 04:47:04 am
Yen Rises Against Majors

The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to a 1-week high of 159.51 against the pound and a 6-day high of 123.44 against the euro, from yesterday's closing quotes of 160.05 and 124.02, respectively. Against the Swiss franc and the U.S. dollar, the yen advanced to 8-day highs of 112.68 and 112.41 from yesterday's closing quotes of 113.03 and 112.62, respectively. Against the Australian, the New Zealand and the Canadian dollars, the yen climbed to a 5-day high of 83.35, a 6-day high of 75.74 and an 8-day high of 83.65 from yesterday's closing quotes of 83.77, 75.92 and 83.98, respectively. If the yen extends its uptrend, it is likely to find resistance around 155.00 against the pound, 122.00 against the euro, 112.00 against the franc, 110.00 against the greenback, 79.00 against the aussie, 73.00 against the kiwi and 81.00 against the loonie.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 10, 2016, 04:01:29 am
China Inflation Accelerates To 2.3% In February

Consumer prices in China were up 2.3 percent on year in February, the National Bureau of Statistics said on Thursday. That exceeded forecasts for an increase of 1.8 percent, which would have been unchanged from the January reading. It also marked the fastest rate since July 2014. Ona monthly basis, CPI jumped 1.6 percent after adding 0.5 percent a month earlier. The bureau also reported that producer prices were down 4.9 percent on year - in line with expectations following the 5.3 percent contraction in the previous month. Producer prices have been mired in deflation for more than four years now.


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Post by: InstaForex Gertrude on March 10, 2016, 06:50:01 am
China Inflation Accelerates To 2.3% In February

Consumer prices in China were up 2.3 percent on year in February, the National Bureau of Statistics said on Thursday. That exceeded forecasts for an increase of 1.8 percent, which would have been unchanged from the January reading. It also marked the fastest rate since July 2014. Ona monthly basis, CPI jumped 1.6 percent after adding 0.5 percent a month earlier. The bureau also reported that producer prices were down 4.9 percent on year - in line with expectations following the 5.3 percent contraction in the previous month. Producer prices have been mired in deflation for more than four years now.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 14, 2016, 04:55:04 am
Asian Markets Start the Week on a Higher Note, Gold supported Above $1250

All the Asian markets are opened on a higher note on the start of the new week on Monday as Wall Street booked a solid gain on last Friday and Gold erases previous losses against US dollar and currently remains well supported above $1250 mark. The Nikkei 225 index was trading 2.08% higher to 17,291.23 points on Monday morning in Tokyo, while the broader Topix index traded 1.42% higher at 1,378.61 points. Today Japan released core machinery orders with positive numbers at 15% month-on-month in January, the strongest rise in 22 months. USD/JPY remains well supported below 114.00 marks and trading around 113.92 levels. Shanghai Composite rising 0.70% to 2,830.08 points, while Hong Kong's Heng Seng index was trading 1.13% higher to 20,436.77 points. South Korea’s Kospi was trading 0.17% higher to 1974.77 points. Australia’s benchmark S&P/ASX 200 index was trading 0.71% higher to 5,203.70 points in Sydney while New Zealand's benchmark S&P/NZX 50 index was trading up 0.87% at an all-time high of 6,572.15 points on Monday afternoon in Wellington.

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Post by: InstaForex Gertrude on March 14, 2016, 06:47:08 am
Excerpts from new 2008 financial crisis report reflect irregularities

New documents about the 2008 financial crisis indicate unusually straight-forward evaluations and admissions by key officials. Released by the US National Archives, the report released the full text of a May 26, 2010 interview with Warren Buffett. The seasoned investor, who admitted overlooking the crisis, said he would act differently if he saw it emerging. Former Treasury Secretary Henry Paulson said the business model for Fannie Mae and Freddie Mac is irrational and that they were a regulator with no authority. Ex-Federal Reserve Chair Alan Greenspan justified the central bank's responses before and during the crisis, indicating policymakers could only do so much in projecting the future.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 14, 2016, 06:48:30 am
Excerpts from new 2008 financial crisis report reflect irregularities

New documents about the 2008 financial crisis indicate unusually straight-forward evaluations and admissions by key officials. Released by the US National Archives, the report released the full text of a May 26, 2010 interview with Warren Buffett. The seasoned investor, who admitted overlooking the crisis, said he would act differently if he saw it emerging. Former Treasury Secretary Henry Paulson said the business model for Fannie Mae and Freddie Mac is irrational and that they were a regulator with no authority. Ex-Federal Reserve Chair Alan Greenspan justified the central bank's responses before and during the crisis, indicating policymakers could only do so much in projecting the future.

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Post by: InstaForex Gertrude on March 15, 2016, 02:54:33 am
Australia New Vehicle Sales Dip 0.1% In February

The total number of new vehicle sales in Australia was down a seasonally adjusted 0.1 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at 97,921. That follows the 0.4 percent increase in January. On a yearly basis, new car sales added 2.3 percent - slowing from 5.1 percent in the previous month. By category, sales of passenger vehicles fell 0.9 percent on month, while sports utility vehicles added 0.4 percent and other vehicles climbed 1.6 percent. By region, sales in the Northern Territory jumped 1.9 percent, while the Australian Capital Territory fell 1.3 percent.

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Post by: InstaForex Gertrude on March 15, 2016, 05:26:45 am
Volkswagen investors file $3.61 billion lawsuit in Germany

Around 300 institutional investors lodged a multi-billion euro lawsuit versus Volkswagen in Germany, saying the automaker violated its capital markets responsibility in the emissions scandal. The €3.256 billion ($3.61 billion) suit was submitted at a regional court in Braunschweig, which is filed by 278 investors worldwide, including CALPERS. TISAB, a law firm representing the institutional investors, said the lawsuit seeks to find out whether the carmaker failed to fulfill its job to the capital markets about the timetable between June 2008 and September 2015. A VW spokesperson could not provide a comment as the company had not seen the case.

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Post by: InstaForex Gertrude on March 16, 2016, 03:05:32 am
Australia Leading Index Dips In February - Westpac

A leading economic index for the Australian economy slowed in February, the latest survey from Westpac Bank and the Melbourne Institute showed on Wednesday, easing 0.15 percent. That brings the index to a score of 97.07, and it marks the fourth straight month of decline. The index was roughly flat in January at 97.22. The index suggests a slowdown in economic activity in the next three to nine months.

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Post by: InstaForex Gertrude on March 16, 2016, 05:14:24 am
Kuroda: BOJ has capacity to slash rates to -0.5%

Bank of Japan Governor Haruhiko Kuroda said the central bank has enough legroom to lower interest rates to about -0.5%, countering speculations that their decision to implement negative rates will halt him from pushing through with their monetary policy. Addressing the parliament, Kuroda said he cannot determine the policy tools to be used in the event they decided to expand stimulus again based on prevailing economic conditions. The BOJ head added negative rates work to devitalize the yen but reiterated they are not targeting the exchange rate.

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Post by: InstaForex Gertrude on March 17, 2016, 03:59:30 am
Australia Jobless Rate Slips To 5.8% In February

The unemployment rate in Australia dropped to a seasonally adjusted 5.8 percent in February, the Australian Bureau of Statistics said on Thursday. That beat forecasts for 6.0 percent, which would have been unchanged from the January reading. The Australian economy added 300 jobs in February to 11,884,000 - well shy of forecast for an increase of 12,000 following the 7,500 decline in the previous month. Full-time employment increased 15,900 to 8,192,600 and part-time employment decreased 15,600 to 3,691,500. Unemployment decreased 27,300 to 732,600. The number of unemployed persons looking for full-time work decreased 18,200 to 525,200 and the number of unemployed persons only looking for part-time work decreased 9,100 to 207,400. Monthly hours worked in all jobs decreased 2.0 million hours to 1,652.6 million hours. The participation rate was 64.9 percent - also below forecasts for 65.2 percent and down from 65.1 following a 0.1 percent downward revision. The labor force underutilization rate decreased 0.1 percent to 14.2 percent. The male labor force underutilization rate fell 0.1 percent to 12.3 percent. The female labor force underutilization rate fell 0.3 percent to 16.4 percent.

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Post by: InstaForex Gertrude on March 17, 2016, 05:14:21 am
Fed downgrades rate hike projections on prevailing global perils

Federal Reserve policymakers refrained from escalating borrowing costs and lowered predictions for hiking interest rates this year, attributing their decision to the impact of financial market upheaval and weaker global growth on the US economy. The Federal Open Market Committee retained the benchmark rate at 0.25% to 0.5% following their two-day convention in Washington. At a press conference, Fed Chair Janet Yellen said there was an apparent shift this time, showing a somewhat slower projected trend for global growth and certain tightening in credit conditions by increasing spreads. Fed officials kept their estimations on how soon inflation will hit the central bank's 2% target but lowered their forecast to 1.2% from 1.6%.

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Post by: InstaForex Gertrude on March 18, 2016, 02:51:19 am
Aud/usd Jump With another Aggressive Official Cny Fix

Strongest fix since Nov 2
AUD responded from 0.7645/50 area to 0.7681 top 
Technically opens towards 0.7739 1 Jul 15 top, last quoted 0.7664/66

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Post by: InstaForex Gertrude on March 28, 2016, 04:09:58 am
Fxwirepro:nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips

(https://forex-images.instaforex.com/analysts/big_preview/nikkei/6.jpg)

Major resistance - 17300   
The index has recovered after making a low of 16711.It is currently  trading around 17111.Short term trend is bullish as long as support 16500 holds.

Nikkei is struggling to beak above 17300 and any further bullishness can be seen only above 17300.On the higher side any break above 17300 will take the index to next level till 17520/17750/17900.   

The index major support is around 16450 and break below targets 16000/15500.   

Short term bullish invalidation only below 15500. 

It is good to buy at dips around 17000 with SL around 16700 for the TP of 17300/17520/17750.

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Post by: InstaForex Gertrude on March 28, 2016, 04:40:56 am
Chinese mutual funds resort to commodities, reforms

China's mutual fund industry is endeavoring to design investment instruments relative to local commodity futures, speculating the plans to overturn oversupply in the resource sector will bolster prices for raw materials. The funds seek to move out of fixed-income and stocks, which have no outright return in the light of turmoil last year, which led to more than 50% plunge on share markets and recording multi-year lows on bond yields. In August 2015, UBS-SDIC Fund Management unveiled the first Chinese mutual fund investing in domestic commodities, tied to silver futures on the Shanghai Futures Exchange.

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Post by: InstaForex Gertrude on March 29, 2016, 02:54:25 am
Japan Retail Sales Advance 0.5% In February

Retail sales in Japan were up 0.5 percent on year in February, the Ministry of Economy, Trade and Industry said on Tuesday. That was well shy of expectations for an increase of 1.6 percent following the 0.2 percent decline in January. Sales from large retailers advanced an annual 2.2 percent, beating forecasts for 1.6 percent following the 0.9 percent gain in the previous month. On a monthly basis, retail sales slid a seasonally adjusted 2.3 percent - missing forecasts for a fall of 0.9 percent following the 0.4 percent contraction in January.

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Post by: InstaForex Gertrude on March 29, 2016, 04:47:28 am
Gold retains gain as investors mull over Fed rate hike, inflation

Gold held an advance from a one-month low as traders weighed the view for interest rates this year as figures showed the Federal Reserve's choice of inflation gauge slowed in February. Bullion for immediate delivery, which previously ended 0.4% higher in a recovery from $1,208.38, its lowest since February 23, ended at $1,220.88 per ounce from $1,221.71 Monday. There are speculation the US central bank may refrain from tightening interest rates as inflation has slowed below their 2% goal.


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Post by: InstaForex Gertrude on March 30, 2016, 01:55:18 am
Japan Industrial Production Slides 6.2% In February

Industrial production in Japan was down a seasonally adjusted 6.2 percent on month in February, the Ministry of Economy, Trade and Industry said in Wednesday's preliminary reading - marking the largest single-month decline in five years. The headline figure missed expectations for a decline of 5.9 percent following the 3.7 percent increase in January. On a yearly basis, industrial production fell 1.5 percent - beating forecasts for a decline of 1.7 percent following the 3.8 percent contraction in the previous month. Upon the release of the data, the METI maintained its assessment of industrial production, saying that it has been fluctuating indecisively.

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Post by: InstaForex Gertrude on March 30, 2016, 02:41:09 am
Asian shares soar as Yellen's dovish remarks boost risk appetite

Asian stocks escalated following Federal Reserve Chair Janet Yellen implied the central bank may raise interest rates with caution, citing threats to economic growth from a sluggish global economy. Addressing the Economic Club of New York, the Fed head said it is appropriate for policymakers to become careful in increasing rates given heightened perils around the globe. The MSCI Asia Pacific Index closed at 128.34, up 0.5%, on track for its biggest monthly surge since October. South Korea's Kospi added 0.5%, but Japan's Topix slipped 0.5%. Markets in China and Hong Kong are yet to resume trading.

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Post by: InstaForex Gertrude on March 31, 2016, 01:32:51 am
Australia Private Sector Credit Adds 0.6% In February

Private sector credit in Australia was up 0.6 percent on month in February, the Reserve Bank of Australia said on Thursday. That exceeded forecasts for 0.5 percent, which would have been unchanged. On a yearly basis, credit was up 2.6 percent - also topping forecasts for 2.5 percent, which also would have been unchanged. Individually, housing credit added 0.5 percent on month and 7.3 percent on year, while personal credit eased 0.1 percent on month and 0.3 percent on year and business credit gained 0.7 percent on month and 6.5 percent on year. The M3 money stock added 0.4 percent on month and 5.8 percent on year, while broad money gained 0.3 percent on month and 5.9 percent on year.

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Post by: InstaForex Gertrude on March 31, 2016, 04:22:17 am
UK consumer confidence lags on Brexit, eurozone woes - survey

British consumers remain not that confident in over a year as they worry about the in/out referendum and the region's unsettled economic problems. A GfK survey showed the overall consumer sentiment indicator was still at zero in March from February, as well as its joint lowest since December 2014. Optimism among British people about the economy over the coming 12 months was 18 points lower from -12 in the previous year. GfK Head of Market Dynamics Joe Staton said interest rates and prices in the shops, the continuous eurozone crisis, and worries about looming UK exit seem to affect them amid reports about low inflation. Chancellor George Osborne has repeatedly cautioned the United Kingdom is facing a string of cocktail perils from the global economy.

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Post by: InstaForex Gertrude on April 01, 2016, 01:37:51 am
Usd/krw Opens at 1145, Then Bounce, As Usd Bid Returns

Improvement in exports saw current ccount surplus rise to a 13-month high Exports showed slight improvement, down 8.2% against a forecast -10.7%

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Post by: InstaForex Gertrude on April 01, 2016, 05:10:57 am
U.S. asks Deutsche, JPMorgan to give details on 1MDB dealings –sources

Banking sources said U.S. Department of Justice officials have asked banks Deutsche Bank and JPMorgan for details of their dealings with Malaysia's 1MDB, a troubled state fund which had been under investigation. The officials have also travelled to Kuala Lumpur to speak to people with close links to the fund, the sources said. They said JPMorgan and Deutsche were not the target of the investigations at this stage, but had only been asked to provide details.

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Post by: InstaForex Gertrude on April 05, 2016, 02:20:42 am
Fxwirepro: Usd/jpy falls Below 111.00 Mark As Japan’s Wage Data Came in Much Better Than Expected

USD/JPY is currently trading around 110.87 marks.   
It made intraday high at 111.34 and low at 110.85 levels.   
Today Japan released Labour cash earnings data with positive numbers at 0.9% m/m vs 0.0% previous release.   
Intraday bias remains bearish for the moment.   
Pair slips below 111.00 and confirms bearish trend for the moment.   
A daily close below 111.14 will take the parity down towards 110.66, 109.62 and 108.36 levels.   
On the top side, key resistance levels are seen at 111.79, 112.60, 113.43, 113.98 and 114.28 marks.

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Post by: InstaForex Gertrude on April 05, 2016, 04:23:05 am
3D Systems names former HP exec as CEO

3D Systems Corp, a 3D print maker, named Vyomesh Joshi, a former HP Inc. executive, as its president and chief executive. Joshi headed the printing business of HP, and he replaces Andy Johnson, who was serving as the interim president and CEO, the company said. 3D Systems has been struggling in the past 2 years, with its stock falling about 90% as investors raised questions about the viability of consumer 3D printers. Avi Reichental, its former chief executive, stepped down last year in a mutual agreement with the board.

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Post by: InstaForex Gertrude on April 06, 2016, 02:07:59 am
Fitch: China Hard Landing Unlikely But Reform Skepticism Rising

Fitch Ratings' senior sovereign, banks and corporates analysts addressed the key questions on China most frequently asked by investors, in a Special Report published today. The report includes our views on the prospects for a hard landing, whether the yuan will be devalued, the likelihood of structural reforms, the nature of banking system risks, and the outlooks for ratings. Fitch believes strongly that China has the administrative and financial resources to avoid a disruptive slowdown to near-zero growth over the rating Outlook horizon of about two years - a factor underpinning the sovereign's 'A+' rating. However, high and rising leverage in the economy is a mounting source of systemic vulnerability, and has been the key reason why Fitch has not raised the sovereign into the 'AA' category. Moreover, the degree of clarity over the authorities' reform strategy remains low relative to the scale of risks. The risk of financial system stress will increase the longer credit expands faster than GDP, but it is not our base case that stress is imminent. The pace of credit growth means reported asset quality in the banking system could well deteriorate. But where and when NPL ratios will peak is less important for bank ratings than the evolution of banks' loss-absorption buffers. Buffers are stronger at state banks than at the mid-tier banks rated by Fitch, and these buffers have weakened faster among the mid-tier - owing to greater rapid credit expansion. Fitch thinks SOE restructuring is likely to be more gradual than the process in the late 1990s, with corporate indebtedness taking centre stage among investors' concerns. Asset swaps, mergers of entities or non-core subsidiaries being traded or swapped into other groups (including asset-management companies) is a much more likely outcome in the process of consolidating and reducing the overall number of SOEs, particularly at a national level. Mass privatisation is not a likely outcome.

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Post by: InstaForex Gertrude on April 06, 2016, 04:41:30 am
Canada agency fines bank for not reporting suspect transaction

Canadian financial intelligence agency has fined a Canadian bank C$1.1 million ($837,330) for not reporting a suspicious transaction and various money transfers. The name of the bank was not disclosed. Financial Transactions and Reports Analysis Centre of Canada or Fintrac has penalized a bank for the first time.

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Post by: InstaForex Gertrude on April 07, 2016, 04:24:25 am
Nikkei Trades in Narrow Range , Good to Buy at Dips

(https://forex-images.instaforex.com/analysts/big_preview/nikkei/10.jpg)

Major Support - 15500   
Major resistance - 16300   
The index has made a low of 15533 and recovered till  from that level. It  is currently  trading around 15857.Intra day trend is slightly bullish as long as support 15500 holds . 
Any break below 15500 confirms minor weakness and decline till 15000/14750 is possible in short term.On the higher side minor resistance is around 15910 and break above targets 16300/16450.   
The index short term resistance is around 16450 and break above targets 16800/17000/17300.   
Short term bearish invalidation only above 17300. 
It is good to buy at dips around 15700 with SL around 15500 for the TP of 16000/16300

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Post by: InstaForex Gertrude on April 07, 2016, 05:28:11 am
McDonald's Chairman Andrew McKenna to retire

Chairman Andrew McKenna of fast food chain McDonald's has decided not to join a re-election as a member of the board, the company said. McDonald's said it had named McKenna as Chairman Emeritus following his retirement and would elect a new independent chairman following the election of directors by shareholders at its annual meeting on May 26. McKenna had been part of the company since 1991.

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Post by: InstaForex Gertrude on April 08, 2016, 01:57:35 am
Usd/sgd Flat in Ny Trading, ahead of 1.3550

USD/SGD found solid resistance overnight, closes in NY at 1.3527
Pair rose 0.4% on Thursday
MAS policy review meeting to be held on Apr 14, no easing forecasted.

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Post by: InstaForex Gertrude on April 08, 2016, 06:00:32 am
Japan current account surplus rallies to 11-month peak

Japan's current account surplus recuperated in February, touching its highest in nearly a year, as profits from investments and loans almost doubled. Official figures showed the current account was at ¥2.434 trillion ($2.24 billion) from ¥520.8 billion ($80.39 billion) in January. Exports were at ¥5.643 trillion month-on-month, up 5.3%. Imports were at ¥5.218 trillion, down 9.5%. The surplus expanded to ¥1.733 trillion in February, the highest since March 2015. Trade balance recouped to ¥425.2 billion surplus.

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Post by: InstaForex Gertrude on April 11, 2016, 04:38:25 am
Fxwirepro: Japanese Yen Strengthens on the Back of Higher Than expected Core Machinery Orders

USD/JPY is currently trading around 107.98 marks.   
It made intraday high at 108.32 and low at 107.87 levels.   Today Japan released core machinery orders data with positive numbers.   
Private sector machinery orders excluding ships and utility items fell a seasonally-adjusted 9.2% month-on-month in February, according to data released by Japan's Cabinet Office on Monday, after surging 15% in January. Analysts expected 11.9% decline in machinery orders in February.   
A daily close below 107.68 will take the parity down towards 107.43, 107.09 and 105.72 levels.   
On the top side, initial resistance levels are seen at 108.05, 109.68, 111.23, and 112.60 marks.

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Post by: InstaForex Gertrude on April 11, 2016, 05:36:44 am
Obama to hold meeting with Yellen Monday

Seeking to talk over economic and regulatory matters, President Barack Obama will meet with Federal Reserve Chair Janet Yellen privately on Monday. The meeting emerges as the Fed head is experiencing difficulties in fine-tuning her bid to escalate interest rates in the wake of global economic degeneration. Obama and Yellen are awaited to discuss rules encompassing executive pay for top officials in the financial industry and whether the country's largest banks need to act more to remove “too big to fail” label without another taxpayer bailout. They are also expected to look into Wall Street revamp and long-term economic view.

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Post by: InstaForex Gertrude on April 12, 2016, 03:45:46 am
Fxwirepro: Usd/jpy Hovers Around Key Resistance at 108.04, Intraday Bias Remains Slightly Bullish

USD/JPY is currently trading around 108.11 marks.   
It made intraday high at 108.26 and low at 107.87 levels.   
Today Japan released bank lending data with negative numbers at 2.0% m/m vs 2.2% previous release.   
Pair was seen trading at its weakest level in 18 months and touched 107.63 marks.   
Intraday bias remains slightly bullish till the time pair holds key support at 107.93 marks.   
A daily close below key support will take the parity down towards 107.43, 107.09 and 105.72 levels.   
On the top side, initial resistance levels are seen at 108.04, 109.68, 111.23, and 112.60 marks respectively.

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Post by: InstaForex Gertrude on April 12, 2016, 04:57:37 am
Obama, Yellen evaluate outlook for economic growth

The White House said US President Barack Obama and Federal Reserve Chair Janet Yellen talked over views on US economic growth amidst improvement. White House spokesperson Josh Earnest mentioned the two leaders looked into the overall condition of the jobs market. Obama and Yellen, who met in the Oval Office, evaluated the measures espoused on during the former's term aimed at boosting the industry and safeguarding consumers. Earnest added both are concentrated on searching better opportunities for America's middle class people.

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Post by: InstaForex Gertrude on April 14, 2016, 03:51:52 am
Usd/idr to Open Higher Around 13160

Pair eyeing to test 13200 on NDFs rally
1 month NDFs traded 13190-13230 range overnight

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Post by: InstaForex Gertrude on April 14, 2016, 04:33:52 am
Saudi oil minister downplays prospect of oil output reduction

Saudi Arabia Oil Minister Ali al-Naimi, during a significant meeting in Doha, Qatar, dwindled hopes for the likelihood of oil producers capping their output. When asked about the matter, al-Naimi simply said people should forget this matter. Investors have previously awaited al-Naimi to discuss an output cap, which might be the first step to attaining a collective slash in reducing oil output.

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Post by: InstaForex Gertrude on April 15, 2016, 02:05:44 am
Usd/cad Tech Neutral in Asia Trading, Wti down 0.1%

Neutral momentum studies, 5, 10 & 20 daily & weekly MAs trend lower NY 1.2782 low & London 1.2897 high initial support/resistance

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Post by: InstaForex Gertrude on April 15, 2016, 05:40:51 am
Fitch: Korea Election Result Raises Reform Implementation Risks

The South Korean government will find it more difficult to implement key structural reforms to boost long-term productivity, after the governing party lost in recently held elections, says Fitch Ratings. South Korea's long-term growth prospects face challenges from a series of structural factors. Reforms to rebalance the economy towards domestic demand and to boost productivity will be essential to ensure that potential growth rates do not fall significantly in the next decade. The election on 13 April resulted in the governing Saenuri Party falling to second place in the National Assembly with 122 of 300 seats. This will likely make passage of any potentially contentious legislation, including that pertaining to labour market and services sector reforms, more difficult. The previous parliamentary session, where the governing party held 146 seats, was already marked by political contention, with less than a third of bills introduced being passed. Saenuri hoped to reach the threshold of 180 seats needed to unilaterally pass legislation. Reforming and liberalising labour market regulation have been key planks of the South Korean government's economic policy agenda to boost productivity over the long term and sustain higher rates of economic growth. South Korea has historically benefited from high real GDP growth relative to its 'AA' category peers, but it faces constraints in both the near and long terms. Fitch expects GDP growth to remain below 3% in 2016 owing to lacklustre global demand. Over the longer term, low productivity growth and aging demographics could halve the potential growth rate from around 3% to 1.4% in the 2030s, according to calculations of the Korea Development Institute. Fitch has highlighted that structurally lower GDP growth than presently expected would be credit negative for South Korea, though indications that the economy could boost growth without causing a deterioration in household or public sector balance sheets would be positive. The changes in the National Assembly's composition are not likely to result in any significant changes or reversals in economic policy. The parliamentary elections do not mean a change of government - the next presidential elections are not due until December 2017. The Outlook on South Korea's 'AA-' rating remains Stable, with robust external finances and generally stable macroeconomic performance as key credit strengths.

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Post by: InstaForex Gertrude on April 19, 2016, 02:38:29 am
Usd/jpy Bounce to 109.16 from Yesterday Low 107.75

USD1.1 bln option expiries 110.00 today, USD 1.847 bln tomorrow
Crude oil bounce post-Doha

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Post by: InstaForex Gertrude on April 19, 2016, 05:03:34 am
Asian Markets Rally on the Back of Higher Oil Prices, Gold Hovers Around $1230

Asian markets start the day sharply higher after oil futures rebounded overnight. In addition a positive close on Wall Street overnight also helped shares in Asia on Tuesday morning. The USD/JPY was trading 0.28% higher at 109.11 on Tuesday morning in Tokyo, the strongest since Friday, having closed in New York on Monday at 108.80. On the other side, gold finds support around $1230 marks. Japan's Nikkei 225 index spiked 3.26% higher to 16,806.34 points shortly after the open in Tokyo, while the broader Topix index started the day 2.99% higher at 1,359.76 points. In Korea markets also began on a higher note, with the Kospi index climbing 0.47% to 2,010.80 points. Today South Korea's central bank left the policy rate at a record-low 1.5% on Tuesday. Hong Kong's Hang Seng index rose 0.60% to 21,286.47 on Tuesday, while the Shanghai Composite gained 0.58% to trade at 3,051.19 points. Australia's S&P/ASX 200 stock index rallied 0.97% to 5,186.60 points early on in Sydney, the highest level since January. New Zealand's S&P/NZX 50 equity index was trading 0.07% higher at 6,855.76 points after midday in Wellington.

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Post by: InstaForex Gertrude on April 20, 2016, 02:42:03 am
Fxwirepro: Japanese Yen Gains in Early Asia on Kuroda’s Comments

USD/JPY is currently trading around 109.11 marks.   It made intraday high at 109.31 and low at 109.04 levels.   Japan's trade surplus expanded from ¥242.8 billion in February to ¥775.0 billion last month, the highest since February 2011 but lower than the market forecast of a ¥834.6 billion surplus.   In addition BOJ Kuroda said that, “He will scrutinise risks to economy, prices and won't hesitate taking more easing steps if needed to hit price target.”   He added, “BOJ added negative rate policy to QQE to achieve inflation target at earliest date possible.”   Intraday bias remains bearish till the time pair holds key resistance at 109.48 marks.   A daily close below key support 108.68 will take the parity down towards 108.18, 107.43 and 105.72 levels.   On the other side, a sustained break above 109.48 will take the parity towards 111.30/112.60 levels.   On the top side, initial resistance levels are seen at 109.68, 111.30, and 112.60 marks respectively.

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Post by: InstaForex Gertrude on April 20, 2016, 05:55:12 am
Japanese exports slide for six consecutive months as yen surges

Japan's exports declined for sixth straight months last month, attributing it to disappointing demand for electronic parts, sluggish Chinese economic growth, and firmer yen. The Ministry of Finance said exports skidded 6.8% in March from 4.0% slide in February. Year-over-year, exports to the United States slid 5.1%, to Asia 9.7%, and China 7.1%. But exports to the European Union rose 12.1%, its highest since February 2011. The US dollar has erased about 10% versus the yen on speculations the Federal Reserve would slowly raise interest rates, prodding cautions from BOJ policymakers against investors on gliding the currency too swiftly.

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Post by: InstaForex Gertrude on April 21, 2016, 03:07:09 am
Usd/cnh Closes up 0.2& 6.4824 in Ny

Pair trade 6.4695-6.4824 offshore SHCOMP index down 2.3% on risk aversion, led by small caps drop

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Post by: InstaForex Gertrude on April 21, 2016, 05:33:19 am
China halts new registration of finance institutions - Caixin

China stopped the registration of new finance companies as authorities have begun restraining online finance, according to Caixin. Citing sources privy to the matter, entities with finance-related names can no longer register with the State Administration for Industry & Commerce. Instead, companies will first have to secure approvals from Chinese regulators. Clearing the Internet finance, which commenced on April 14 and will end by January 2016, seeks to eradicate fraudulent acts by some peer-to-peer lenders that endanger financial soundness nationwide. Caixin said the Chinese government will recall licenses for current finance companies that fail inspections during the process.

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Post by: InstaForex Gertrude on April 22, 2016, 03:50:06 am
Fxwirepro: Usd/jpy Breaks Key Support at 109.48, Japan’s Flash Manufacturing Pmi Data Eye

USD/JPY is currently trading around 109.38 marks.   
It made intraday high at 109.49 and low at 109.27 levels.   
Intraday bias remains neutral till the time pair holds key support at 109.48 marks.   
A daily close below key support 109.48 will take the parity down towards 108.68, 107.86 and 105.72 levels.   
On the other side, a sustained close above 109.89 will take the parity up towards 111.30/112.60 levels.   
On the top side, initial resistance levels are seen at 109.88, 111.30, and 112.60 marks respectively.   
Japan will release flash manufacturing PMI data at 0200 GMT. Market anticipates reading around 49.6 m/m vs 49.1 m/m previous release.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 22, 2016, 05:10:43 am
Japan manufacturing hits lowest since 2013 on recent quakes

Japan's manufacturing sector tumbled the most since 2013 due to recent earthquakes that struck the country, based on official figures. Earlier this month, two major quakes hit Kyushu island, disrupting activity throughout the area. Exporters are also contending with a stronger Japanese yen. Markit reported the manufacturing purchasing managers index declined to 48 in April from 49.1 in March, the lowest since January 2013.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 25, 2016, 05:04:06 am
Fxwirepro: Japanese Yen Recovers from 3 –week Low in Early Asia, Fomc and Boj in Focus for the Week

USD/JPY is currently trading around 111.35 marks.   
It made intraday high at 111.88 and low at 111.25 levels.   Intraday bias remains bearish till the time pair holds key resistance at 111.88 marks.   
A sustained close above 112 will take the parity higher towards 112.60 and 113.42 levels.   
Alternatively, a daily close below 109.89 will drag the parity down towards key supports at 109.48 and 107.87 levels respectively.   
This week will be important as U.S. and Japan both will release monetary policy statements. 

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 25, 2016, 05:32:56 am
Mitsubishi Motors keeps sustaining losses following rigged pollution data

Mitsubishi Motors Corp. shares continued suffering losses Monday as the automaker previously admitted manipulating fuel efficiency tests. Shares slid by around 2.6% following it sustained two-digit declines in the previous week. The Japanese automaker is scheduled to report annual results Wednesday despite reports it will postpone its release.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 28, 2016, 04:08:09 am
Fxwirepro: Kiwi Rises Sharply Against Major Peers As Rbnz Stands Pat

AUD/NZD is trading around 1.0987 marks.   
Pair made intraday high at 1.1064 and low at 1.0948 marks.   
Today RBNZ left interest rates on hold after cutting the OCR to a record-low 2.25% just last month.   
Intraday bias remains bearish till the time pair holds immediate resistance at 1.1062 marks.   
A daily close below 1.1062 will take the parity down towards 1.0934 and 1.0890 marks respectively.   
On the other side, a sustained close above 1.1062 will drag the parity higher towards 1.1123/1.1298/1.1317/1.1352/1.1590 levels.

We prefer to take short position in AUD/NZD around 1.1025, stop loss 1.1062 and target 1.0890 marks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 28, 2016, 05:36:45 am
BOJ retains monetary stimulus to evaluate impact of negative rates

Citing the need to evaluate the extent of negative interest rates, the Bank of Japan decided against bolstering monetary stimulus. Policymakers voted to retain the 0.1% negative rate on parts of deposits kept at the BOJ, the ¥80 trillion ($715 billion) goal for beefing up monetary base, and expand the program for purchasing more perilous assets. The BOJ also adjusted the timetable for hitting the 2% inflation goal, the fourth postponement in around a year. Market players will now turn their attention to Japanese Prime Minister Shinzo Abe, who is awaited whether to postpone sales tax increase in April 2017.


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Post by: InstaForex Gertrude on April 29, 2016, 01:33:16 am
Moody's: Mexico's A3 Rating underpinned by Structural Reforms, Fiscal Challenges Undermine Outlook

A large and diverse economy, a high degree of integration with the US, as well as anticipated growth prospects associated with structural reforms support the Government of Mexico's A3 rating, Moody's Investors Service says in an analysis of the sovereign. However, the outlook was revised to negative from stable in March and downward pressure to the rating could occur from stalled fiscal consolidation and the potential crystallization of contingent liabilities via further support to Petroleos Mexicanos (PEMEX, Baa3 negative).  Mexico's A3 rating incorporates Moody's expectation that recent structural reforms would improve the country's medium-term potential economic GDP growth to a 3%-3.5% range versus a pre-reform 2%-3% level.  "However, a combination of the oil price shock and declining oil production at PEMEX, along with slower-than-expected growth have undermined the economic outlook," Jaime Reusche, a Moody's Vice President and Senior Analyst says. As a result, Moody's has forecast moderate growth of 2.5% for 2016 and 2017.  While curtailed oil production at PEMEX has weighed on growth, recent energy sector reform has attracted private investment, albeit with mixed results amid low oil prices, curbing expectations for investment up to 2017 and beyond.  Challenges facing the sovereign include reduced fiscal revenues as growth remains subdued and historically low oil prices. Moody's forecasts overall federal government revenues will decrease to 18.5% of GDP in 2016 from 19.3% in 2015.  "Despite the drop, the authorities have begun implementing expenditure measures to reduce the federal government deficit from 2.8% of GDP in 2015 to 2.5% in 2016," Reusche says.  Moody's credit analysis on Mexico does not constitute a rating action.

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Post by: InstaForex Gertrude on April 29, 2016, 04:43:52 am
Comcast Buys DreamWorks for $3.8 Billion, Aims to Dethrone Disney

Comcast Corporation's latest acquisition will surely give Walt Disney a run for its money. Comcast's entertainment division NBCUniversal inked a deal to purchase DreamWorks Animation Inc. for $3.8 billion. Comcast is the creator of hit movie Despicable Me and the Minions, while DreamWorks' roster include Shrek, Kung Fu Panda, Madagascar, and Casper the Friendly Ghost. Once the transaction is finalized, DreamWorks' beloved characters are expected to appear at Comcast's Universal Studios theme park. The Walt Disney Company is now facing tougher competition with Comcast's purchase. This also indicates that Comcast, the US' largest cable distributor, is adapting to consumers' shift to online content, leaving television behind. DreamWorks provides family-friendly content to Netflix.

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Post by: InstaForex Gertrude on May 02, 2016, 03:04:03 am
Aud/usd eased to 0.7593 First up After Slightly Weaker China Pmi

Light AUD/JPY demand after Tokyo arrived helping to underpin AUD/USD
AUD/USD support at 0.7545/50 where Wednesday's low and 50-day MA converge
Resistance at 20-day MA at 0.7662 - range expected ahead of RBA tomorrow

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 02, 2016, 05:56:59 am
Fxwirepro: Usd/inr Breaks Key Support at 66.32, Good to Sell on Rallies

USD/INR is currently trading at 66.32 marks.   It made intraday high at 66.41 and low at 66.32 levels.   Intraday bias remains bearish for the moment.   A daily close below 66.32 will take the parity down around key supports at 66.10/65.95/65.81 marks respectively.   On the other side, key resistance levels are seen at 66.48/66.72/ 66.86/ 66.95/ 67.15 levels.   Today India will release Nikkei market manufacturing PMI data at 0500 GMT.   In addition, Indian stock markets are trading on a lower note. As BSE Sensex was trading 0.71% lower at 25,428 while NSE Nifty fell by 0.73% to 7,792 points. We prefer to take short position in USD/INR only below 66.30, stop loss 66.72 and target 66.05 marks.

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Post by: InstaForex Gertrude on May 03, 2016, 04:13:40 am
Fxwirepro: Nikkei225 Consolidates in Narrow Range, Good to Sell on Rallies

Major intraday resistance  - 16200   Major support - 15800   Nikkei index slightly recovered  after making a low of 15837.It is currently trading around 16016.   Short term trend is  bearish as long as resistance 16600 holds.   The index minor resistance is around 16200 and any break above will take the index to next level 16375(55 day H EMA)/16600/16800.   On the lower side major support is around 15800  and break below will drag the index down till 15500/15325 in short term. .    Short term trend reversal  can be seen only below 15000. It is good to sell on rallies around 16300 with SL around 16600 for the TP of 16000/15550

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Post by: InstaForex Gertrude on May 03, 2016, 05:11:35 am
Fed's Williams perceives huge decline in assets

Federal Reserve of San Francisco President John Williams highlighted the readiness of the US economy for higher interest rates but stressed the move would lead to huge decreases in asset prices. The policymaker, however, did not imply another financial crisis is imminent, saying American regulators have scored significant progress in bolstering banks against likely failure in the future. Williams said he is more worried about people forgetting the things that transpired during the last crisis. For the first time in almost a decade, the Fed raised rates last December. But it refrained from increasing them further in their last meeting despite uncertainties and market volatility.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 05, 2016, 02:04:07 am
Fitch: Systemically Important Mexican Banks Ready to Meet Additional Capital Requirements

The seven systemically important Mexican banks (G-SIBs) recently selected by the local regulator (Comision Nacional Bancaria y de Valores), currently committed to the capital rules required by Basel III, are ready to meet the required additional capital buffer for G-SIBs, according to Fitch Ratings. The additional capital requirement established is intended to strengthen the bank's capitalization, given its characteristics of size, interconnectedness with the financial system, importance of services and infrastructure, and complexity of operations that in the event of insolvency could have an impact on the financial system in general. The seven Mexican G-SIBs, which represent 80% of total assets of the banking system, includes five foreign-owned banks (BBVA Bancomer, Banamex, Banco Santander Mexico, Scotiabank Mexico and HSBC Mexico) and two locally owned (Banorte and Banco Inbursa). Mexican banks have been characterized by being well capitalized for several years, complying with some leeway the minimum capitalization ratio required by regulation, currently 10.5%. At the end of February 2016, Mexican commercial banks showed a total regulatory capital ratio of 14.52% and a Tier I regulatory capital ratio of 12.99%. This is no exception for now systemic banks, which showed at the same date a total regulatory capital ratio and Tier I regulatory capital ratio of 14.20% and 12.48%, respectively. Therefore, the seven Mexican G-SIBs already meet at 100% with the additional capital buffer for G-SIBs, that is supplementary to the 10.5% minimum capitalization ratio required, which was set to be in compliance within a maximum four years (25% annually). Fitch believes that banks categorized as G-SIBs by the local regulator, five have a reasonable leeway to keep the ratio considering its growth plans; while two of them are somewhat closer to the limit. Although no the base line scenario, in all cases important increases on its portfolio over the next four years could make them migrate to higher grades, and therefore increase the capital requirements. Despite this, Fitch believes that the challenges to be in compliance in all cases are low because banks have a strong ability for internal capital generation and/or have the support of their parent companies or with a high propensity of its shareholders to inject capital, if required, to meet with the minimum regulatory requirements. According to its characteristics G-SIBs can be classified into five degrees or groups. BBVA Bancomer was classified in the Group IV, which considers a additional capital buffer for G-SIBs of 1.50 percentage points (p.p), with information as of February 2016 considering the new requirement its minimum capital regulatory ratio would be exceeded at 1.70 p.p. While Banamex and Banco Santander Mexico, classified in Group III with additional capital buffer for G-SIBs of 1.20 p.p., would exceed the new regulatory minimum at 1.97 p.p. and 3.73 p.p., respectively. In the case of Banorte, listed in Group II with an additional capital buffer for G-SIBs of 0.90 p.p., would exceed at 3.26 p.p. In the cases of Scotiabank Mexico, HSBC Mexico and Banco Inbursa which were classified in Group I with an additional capital buffer for G-SIBs of 0.60 p.p., would exceed at 1.12, 1.19 and 6.60 p.p. respectively, the regulatory minimums.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 05, 2016, 05:13:40 am
Asian shares plummet as global economic growth woes remain

Asian shares recorded its longest losing run in nearly five months as it declined for seventh consecutive days on escalating global economic growth anxieties. The MSCI Asia Pacific Index closed at 405.69, down 0.4%. The Shanghai Composite Index lost 0.2%. The Hang Seng China Enterprises Index lost 1.2%. Hong Kong's Hang Seng Index slipped 0.8%. Taiwan's Taiex index tumbled 0.5%. Global stock markets have hit its lowest troughs in nearly a month despite worries over disappointing corporate earnings and dim labor and manufacturing data. Meanwhile, China's measure services data will be released Thursday.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 10, 2016, 02:12:04 am
Usd/jpy Trade up to 108.60 in Ny

Stops at 108.00+, 108.25+ tripped
Gotobi demand supportive
Option expiries to help cap - USD884 mln 108.50, 505 mln 108.75, more above Daily Ichimoku tenkan-kijun converging at 108.71-72.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 10, 2016, 05:08:20 am
​HTC Revenue Falls for the 4th Quarter in a Row

HTC Corporation reported a 64 percent dive in revenue for the first quarter, contracting from $1.3 billion in 2015 to a dismal $456 million. Q1 profit also plunged by a staggering 78 percent from last year's $250 million to $60 million. HTC is struggling to restore its share in the cut throat Android market, which has now shriveled to 1 percent. Its net loss totaled to $80 million in three months. Sales results of its new smartphone HTC 10 and virtual reality device Vive were not yet counted. However, 11 days after the pre-sales opened in China, only 251 units of HTC 10 were pre-ordered. This shows that HTC is losing against major competitors Apple and Samsung in the world's the largest smartphone market.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 11, 2016, 04:07:10 am
Fxwirepro: Usd/jpy Fails to Sustain Above Key Resistance 109.32, Intraday Bias Remains Neutral

(https://forex-images.instaforex.com/analysts/big_preview/usd_yena/2.jpg)

USD/JPY is currently trading around 109.10 marks.   
It made intraday high at 109.36 and low at 109.04 levels.   
Intraday bias remains neutral for the moment.   
A daily close above 109.32 will drag the parity up towards 111.23, 112.60 and 113.42 levels respectively.   
Alternatively, reversal from key resistance will drag the parity down towards key supports at 108.27, 106.15, 105.71, 105.45 and 104.55 levels respectively.   Japan will release leading indicator data at 0500 GMT. Market anticipates reading around 96.4 vs 96.8 previous release.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 11, 2016, 05:01:05 am
Japan's Topix wipes out previous advance as yen surges

(http://forex-images.mt5.com/prime_news/preview/5732a04231f71.jpg)

Japan's Topix index erased its early ascension as the Japanese yen fortified after recording losses for two straight days.

Against the US dollar, the yen traded at ¥108.66, up 0.6%. The Topix index closed at 1,332.42,m down 0.2%, while the Nikkei 225 Stock Average settled at 16,575.65. Machinery shares advanced but consumer finance and drugmakers spearheaded declines.

Around 180 entities listed on the Topix are scheduled to report their earnings Wednesday, while 700 others will post results Thursday and Friday. Mitsubishi Estate Co. and Toyota Motor Corp. post earnings today.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 12, 2016, 04:10:23 am
Fxwirepro: Usd/krw Trading in Tight Range, Intraday Bias Remains Neutral

USD/KRW is currently trading around 1164 levels. 
Intraday bias remains neutral till the time pair holds key support at 1162 marks.   
Pair is trading in tight range from 1162 to 1172 marks.   
A break of either side will provide further direction to the parity. 
 A daily close above 1172 will drag the parity up towards key resistances at 1176/1180/1193 (20, 30 and 55D EMA crossover)/1211 marks. 
A sustained close below 1162 will test key supports at 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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Post by: InstaForex Gertrude on May 12, 2016, 04:45:48 am
Cameron unveils UK property rule amendments

Seeking to topple corruption worldwide, Prime Minister David Cameron announced foreign entities with properties in the United Kingdom are mandated to publicly declare their assets, saying they need to be on a new register. The British premier made the announcement as world leaders are heading to a the Lancaster House summit in London aimed at bolstering measures to eradicate money laundering. Cameron is hosting the gathering. No list of participants has been released. But Afghan President Ashraf Ghani and US State Secretary John Kerry are awaited to join the convention. Also, the details of the event are not yet published. However, organizers disclosed the event will find ways to unmask corruption.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 13, 2016, 02:31:12 am
Fxwirepro: Kiwi falls on the Back of Lower Than expected Retail Sales Data

AUD/NZD is trading around 1.0726 marks.   
Pair made intraday high at 1.0743 and low at 1.0717 marks.   
Today New Zealand released retail sales data with negative numbers at 0.8% q/q vs 1.1% q/q previous release.   
In addition, core retail sales falls to 1.0% q/q vs 1.1% q/q previous release.   Intraday bias remains neutral for the moment.   
A daily close below 1.0725 will take the parity down towards 1.0670 (February 26, 2016 low) and 1.0574 (February 12, 2016 low) marks.   
On the other side, reversal from key support will drag the parity higher towards 1.0886, 1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 (March 23, 2016 high) levels respectively.
We prefer to take short position in AUD/NZD only below 1.0725, stop loss 1.0823 and target 1.0651/1.0574 marks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 13, 2016, 04:30:43 am
Brazil's Temer assures integrity of Petrobras investigation

New Brazilian President Michel Temer vowed to protect probes into state oil company Petrobras corruption scandal from any political intervention. In his first address as the country's new leader, Temer also pledged to curb increasing budget deficit and retain social welfare spending for the poor by scaling down government jobs. Temer said Lava Jato must continue and safeguard its integrity by thwarting any attempts to weaken the probe. Lava Jato is a Portuguese term for the ongoing investigation, which means Car Wash. The PMDB party is greatly implicated in the scandal encompassing the state-owned firm, with some of its significant party officials and Temer's allies accused of receiving bribes.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 16, 2016, 05:08:38 am
Fxwirepro:asx200 Faces Strong Support at 5300, Good to Buy at Dips

(https://forex-images.instaforex.com/analysts/big_preview/up_market/6.jpg)

Major resistance - 5380   
Major Support - 5307 (10 day EMA)   
ASX200 pares early losses  made today and slightly jumped till 5372 at the time of writing. It is currently trading at 5368.   
Short term trend is slightly bullish as long as support 5300 holds.   
On the higher side any break above 5380 will take the index to 5430/5500/5525.   
The major intraday support is around 5300 and any break below major support targets 5250/5200. 
It is good to buy at dips around 5340 around  5300 for the TP of 5300/5250/5200

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 16, 2016, 05:52:47 am
Most G7 nations agree to taking fiscal measures, says Abe

Japanese Prime Minister Shinzo Abe said most Group of Seven heads recognized the necessity to implement fiscal stimulus steps in order to bolster global demand.
The Asian country will host the convention of central bankers and finance ministers on May 20-21. Some have expressed their inhibitions regarding the progress made by policymakers in shaping the global economy in the wake of economic slowdown and low inflation.
The Japanese premier earlier met G7 leaders ahead of the scheduled summit, which comes at a vital period for his country as inflationary pressure is losing its traction and the economy is experiencing difficulty.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 17, 2016, 04:14:18 am
Fxwirepro: South Korean Won Gains in Early Asia, Intraday Bias Remains Bearish

USD/KRW is currently trading around 1172 levels.   
It made intraday high at 1175 and low at 1172 levels.   
Intraday bias remains bearish till the time pair holds key resistance at 1180 marks.   
A daily close above 1178 will drag the parity up towards key resistances at 1182/1193 (20, 30 and 55D EMA crossover)/1211 marks.   
A sustained close below 1172 will test key supports at 1162, 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
We prefer to take short position in USD/KRW only below 1172, stop loss 1182 and target 1153 marks.

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Post by: InstaForex Gertrude on May 17, 2016, 05:02:43 am
Libyan officials agree to ease crude production despite rift

Amid division, Libyan officials agreed to enable petroleum to be transported between the western pact and pact group of the nation.
But they are slated to deliberate on how to conclude the crisis which has been halting exports. The factions, which oversee the Libyan east, will permit oil to be delivered to refineries in the west, taking the first step towards settling a dispute between both groups.
Following the United Nations stopped the east from exporting crude, the group has been halting all shipments in the Marsa al-Hariga port. The blockade will remain until the two sides have struck more deals to resolve the issue.

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Post by: InstaForex Gertrude on May 19, 2016, 03:12:20 am
Moody's: Global Growth to Remain muted As Emerging Markets Weigh on Us, advanced Economies

Weak growth in emerging markets, driven by low commodity prices and weak export demand, will continue to act as a drag on the global economy this year, says Moody's Investors Service. Moody's has lowered its 2016 growth forecasts for Argentina, Brazil, Mexico and Turkey, as the effects of the weaker external demand and lower commodity prices have compounded domestic structural and political challenges. Moody's currently forecasts G20 emerging markets growth at 4.2% for 2016 compared to 4.4% in 2015. For G20 advanced markets growth is predicted to slide to 1.7% for 2016 from 1.9% in 2015.

"The global recovery has weakened further and the outlook across countries remains uneven and largely weaker than over the past two decades," said Elena Duggar, an Associate Managing Director at Moody's. "Global trade remains subdued, while spillovers from emerging markets shocks to financial markets globally have increased substantially."

Moody's has lowered its growth projection for the US to 2.0% from 2.3% for 2016, to reflect weakness in the first quarter, followed by 2.3% growth in 2017. The strong recent pick-up in consumer confidence and spending, and the continued strength of the services industry underlines the resilience of the US economy.

"Consumption should pick up through the remainder of the year as the labor market continues to improve and wages rise," said Madhavi Bokil, a Vice President and Senior Analyst at Moody's "Nonetheless, the drag on the US economy exerted by the combination of subdued global demand and weak business investment is likely to remain."

Moody's expects that the Federal Reserve will raise its benchmark interest rate at most twice this year. Policy makers will raise rates gradually, giving investors ample forward guidance as they seek to minimize the negative impact that higher borrowing costs will have on growth and the potential disruption they could cause to global capital markets.

A more pronounced slowdown in China's economy than anticipated is currently one of the biggest risks to the global economy. Slower growth in China, the world's second-biggest economy, could have a significant knock-on effect on global growth by increasing risk aversion, ramping up financial market stress, and souring sentiment.

China's economy will slow gradually from 6.9% in 2015 to around 6.3% in 2016, guided by policies intended to bolster growth, according to the report "Global Macro Outlook 2016-17: Further Weakness in Emerging Markets Amid Persistent Downside Risks."

"The fears of a Chinese hard landing have eased in recent months with first quarter data suggesting that the economy is stabilizing," added Bokil. "However, the government's focus on achieving specific growth targets, could come at a cost to the quality of growth."

China's growth continues to be supported by increased borrowing, which ultimately will increase longer-term risks, particularly within the banking system.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 19, 2016, 06:09:00 am
Japan March core machinery orders rise 5.5 percent month/month

Japanese March core machinery orders jumped 5.5% from the last month, data from the Cabinet Office showed, but companies see a fall in investment in April-June. A survey conducted by the Cabinet Office showed that companies predict that core orders would decline by 3.5% in the April-June quarter. Core orders rose 6.7% in Jan-March from the last three months.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 20, 2016, 02:46:12 am
Fxwirepro: Usd/jpy Hovers Around 110.00 Mark, G7 Meeting in Focus

USD/JPY is currently trading around 110.05 marks.   
It made intraday high at 110.07 and low at 109.84 levels.   
Intraday bias remains neutral for the moment.   
A daily close above 110.38 is required to take the parity higher towards key resistances around 111.23, 112.60 and 113.42 levels respectively.   Alternatively, a sustained break below 109.69 will drag the parity down towards key support area at 108.27, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.   
Today G7 meetings are attended by finance ministers and central bankers from 7 industrialized nations - Canada, Italy, France, Germany, Japan, the UK, and the US. A formal statement covering policy shifts and meeting objectives is usually released after the meetings have concluded.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 20, 2016, 07:29:46 am
GM expands car-sharing service to Boston, Chicago, Washington

Car-sharing service Maven of General Motors will also be offered in Boston, Washington D.C., and Chicago, the company said. The service was launched 4 months ago, and has already started offering 30 vehicles at over 15 sites in Chicago for $8 per hour, including gas and insurance, the GM said. The automaker launched the app-based service in January with small fleets in Ann Arbor, Michigan and in Chicago, New York, Frankfurt and Berlin.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 23, 2016, 04:03:58 am
Moody's: Thai Banking System Stable Over the Next 12-18 Months; Strong Loss Buffers and steady Profit


Moody's Investors Service says that the outlook for Thailand's banking system is stable over the next 12-18 months, and reflects primarily the banks' strong loss absorption buffers. "The banks' high provisions and strong capitalization levels--against the backdrop of the slow credit growth environment--will allow them to maintain their credit profiles over the next 12-18 months," says Alka Anbarasu, a Moody's Vice President and Senior Analyst. "However, weak economic growth will remain the system's key operating challenge," adds Anbarasu. Moody's conclusions were contained in its just-released report on Thai banks, entitled, "Strong Loss Buffers and Steady Profits Support Stable Outlook," and is authored by Anbarasu. The stable outlook is based on Moody's assessment of five drivers: Operating Environment (stable); Asset Quality and Capital (deteriorating); Funding and Liquidity (stable); Profitability and Efficiency (stable); and Systemic Support (stable). Moody's baseline scenario assumes that real GDP growth in Thailand will average 2.8% in 2016 and 3.0% in 2017; a subdued pace, given the country's growth potential. Sluggish exports will prove a key driver of the modest growth rate. Moody's report points out that while stimulus measures from the government could provide some countercyclical support, they will do little to address the key domestic challenges that weigh on private demand, including high household leverage, continuing political uncertainty, and the lack of structural improvements for the country's export-oriented manufacturing infrastructure. On the issue of asset quality, Moody's says that the banks will demonstrate a moderately deteriorating asset quality--led by small- and medium-size enterprises (SMEs) and the retail segment--because such borrowers will face the greatest repayment challenges in the weak operating environment. During 2015, some banks saw a jump in their credit costs, owing to the default of a leading steel producer, Sahaviriya Steel Industries Public Company Limited (unrated). Despite the one-off event, Moody's says that over the next 12-18 months, overall corporate loan quality will be stable, supported by the their strong overall debt servicing capacity. In addition, credit costs will remain elevated, as the banks try to shore up their countercyclical buffers amid a more challenging operating environment. Moody's report also says that the banks will see further pressure on their loan incomes from weak demand for credit. Nevertheless, their increasing success in developing non-loan income will help sustain their profits at levels sufficient to meet potential credit costs and maintain their capitalization levels. Another contributor to the banks' resilience is their strong loss absorption buffers, which rank in line with many of its nine peers in the Association of South East Asian Nations. The report points out that Moody's stress test shows the resilience of the Thai banking system. Under a stress scenario--which assumes a jump in non-performing loan ratios to 14% and an increase in credit costs to 4% of loans from the current 1%--Moody's-rated banks would see a drop in their average Tier 1 capital ratio to a passable 9.2% from 12.8% in 2015. As for funding and liquidity, Moody's says such conditions should remain stable in the current slow loan growth environment. Moody's expects that the banks will maintain their loan-to-deposit ratios below 100% over the next 12-18 months. Moody's rates a total of 12 banks in Thailand: nine commercial banks and three policy banks. The nine commercial banks represented 84% of commercial banking system assets at end-2015. Moody's has maintained a stable outlook on the Thai banking system since 2010.

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Post by: InstaForex Gertrude on May 23, 2016, 04:31:43 am
Sri Lanka’s Interest Rate Remains Untouched Despite Inflation

Sri Lanka's benchmark lending rates were unchanged for the third month in a row with the central bank's optimistic view on the economy despite the alarming pace of the country's inflation rate. The standing lending facility rate still stood at 8 percent while the standing deposit facility rate is at 6.5 percent. Its core inflation, which is based on the Colombo Consumers Price Index (CCPI) rose to 1.3 percent in April from 1.1 percent in the previous month. April's annual headline inflation climbed by 1.1 percent to 3.1 percent from 2.0 percent in March. The Monetary Board estimates that inflation will linger in mid-single digit levels. The island country's economy is seen to grow by 5.8 percent this year from 4.8 percent in 2015 and may even spur to 7 percent in the medium term. The central bank of Sri Lanka recently secured a $1.5 billion extended fund facility loan from the International Monetary Fund. Apart from this, the central bank is also relying on the recent tax increase and more credit facilities on the way to shield the economy from market shocks.

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Post by: InstaForex Gertrude on May 24, 2016, 02:46:59 am
Usd/twd Heavy, Set to Open Around 32.62

NDFs trade 32.62-68 overnight
Strong equity inflows on Monday; Taiex closed up 2.6%

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Post by: InstaForex Gertrude on May 24, 2016, 04:08:27 am
US House junks bill requiring entities to disclose phone location

The US House of Representatives rejected a legislation mandating cell phone providers to share a phone's location with authorities in case of emergency. With 229-158, the Kelsey Smith Act failed to strike lawmakers, falling to attain the two-thirds majority necessary to hasten the passage of the bill. Civil liberties groups have strongly opposed the measure, stipulating it would result in a loophole and broadened sovereign surveillance. R Street reiterated phone carriers already have power to disclose phone location details in emergency instances. The legislation, drafted by Kansas Representative Kevin Yoder is named after Kelsey Smith who was suddenly missing as she went to a local Target branch in 2007. Her dead body was found four days later following Verizon disclosed her phone's location data with law enforcers.

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Post by: InstaForex Gertrude on May 25, 2016, 02:47:54 am
Fxwirepro: Kiwi Gains in Early Asia on the Back of Higher Than expected Trade Balance Data

AUD/NZD is trading around 1.0653 marks.   
Pair made intraday high at 1.0667 and low at 1.0634 marks.   
Today New Zealand released trade balance data with positive numbers at 292M vs 189M previous release.   
Goods exports rose 4.0 percent in April 2016, up $166 million to $4.3 billion, Statistics New Zealand said today. The total value of goods imported in April 2016 was $4.0 billion, up $58 million (1.5 percent). Consumption goods led the rise, up $129 million (14 percent), with increases across a broad range of goods.   Intraday bias remains bearish till the time pair holds key resistance at 1.0741 marks.   
A daily close below 1.0620 will take the parity down towards key support around 1.0574 (February 12, 2016 low) and 1.0506 marks respectively.   
On the other side, a sustained close above 1.0734 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.   
Important to note here that 20D, 30D and 55D EMA heads down and confirms bearish trend. 
We prefer to take short position in AUD/NZD around 1.0670, stop loss 1.0734 and target 1.0574 levels.

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Post by: InstaForex Gertrude on May 25, 2016, 04:29:25 am
Eurozone approves breakthrough Greece debt relief

Finance ministers in Europe agreed to ease Greece's debt load and extend additional bailout loans, considering the decision a huge development to resolve the debt crisis. The eurozone officials, following 11-hour discussions, voted to provide new loans amounting to €10.3 billion ($11.5 billion). The decision came after the parliament authorized further spending declines and tax increases sought by global creditors. The International Monetary Fund has been particular regarding Greece's public debt, reiterating it is not viable at current levels of around 180% of its annual gross domestic product.

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Post by: InstaForex Gertrude on May 26, 2016, 01:38:02 am
Fxwirepro: Yen Gains Sharply in Early Asia After Corporate Price Index Data, Intraday Bias Remains Bearish

USD/JPY is currently trading around 109.46 marks.   
It made intraday high at 110.23 and low at 109.43 levels.   
Today Japan released corporate service price index data with flat numbers at 0.2% m/m as expected.   
Intraday bias remains bearish for the moment.   
A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.   
Alternatively, a sustained break below 109.17 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.

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Post by: InstaForex Gertrude on May 26, 2016, 04:38:06 am
Abe to bring G7 leaders to Shinto religion site ahead of summit

Japanese Prime Minister Shinzo Abe was poised to tour Group of Seven leaders to the Shinto religion's holiest location ahead of convention discussing different global economic risks, including China's maritime aggressiveness and refugee crisis.
President Barack Obama and other G7 leaders would visit the grounds of Ise Grand Shrine, dedicated to sun goddess Amaterasu Omikami, direct descendants of emperors of Japan.
The Japanese premier hopes the shrine visit will give an insight to the core of Japanese culture. But critics slammed Abe's move, reiterating he caters the conservative base seeking to revive religion in politics and traditional norms.

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Post by: InstaForex Gertrude on May 27, 2016, 02:57:16 am
Fxwirepro: Japanese Yen Gains in Early Asia on Robust Core Cpi Data

USD/JPY is currently trading around 109.76 marks.   
It made intraday high at 109.79 and low at 109.55 levels.   
Today Japan released core CPI data with positive numbers at -0.3% m/m vs -0.4% m/m consensus forecast. Intraday bias remains neutral for the moment.   
A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.   
Alternatively, a sustained break below 109.41 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.

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Post by: InstaForex Gertrude on May 30, 2016, 02:55:46 am
Fxwirepro: Usd/krw Hovers Around Key Resistance at 1194, Intraday Bias Remains Neutral

USD/KRW is currently trading around 1190 levels.   
It made intraday high at 1190 and low at 1189 levels.   
Intraday bias remains neutral for the moment.   
A daily close above 1194 is required to drag the parity higher towards key resistances at 1195, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.   
Alternatively, a sustained close below 1182 will tests key supports at 1172, 1162, 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.   
Daily chart showing the 20D EMA has crossed over 30D and 55D EMA, which signals bullish trend. In addition, a sustained close above 1194(high as on May 24, 2016) is also required to confirm the same.   
Today South Korea released Manufacturing BSI index with positive numbers at 72 m/m vs 69 m/m previous release.
We prefer to take long position in USD/KRW only above 1194, stop loss 1177 and target 1209 marks.

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Post by: InstaForex Gertrude on May 30, 2016, 04:59:40 am
Gold hits lowest level since February as Fed implies rate hike

Gold touched its weakest level since February as Federal Reserve Chair Janet Yellen indicated another interest rate hike might be considered in the following months, citing strengthening US economy. The Fed head backed what some policymakers have mentioned last week, that signs of improving US economy meant raising rates could now be taken into account. Bullion for immediate delivery closed at $1,200.03 per ounce, down 1%, the lowest since February 17. Prices, which have dropped for ninth consecutive days, are poised for its biggest monthly decline since 2013.

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Post by: InstaForex Gertrude on May 31, 2016, 03:38:50 am
Challenging Operating Environment and Deteriorating Asset Quality and Profitability

Moody's Investors Service says the outlook on China's banking system remains negative, reflecting a challenging operating environment, and banks' deteriorating asset quality and profitability.
"Rising system leverage and worsening credit conditions exert continued pressure on the banks' asset quality and profitability," says Yulia Wan, a Moody's Assistant Vice President and Analyst.
"In addition, China's sovereign outlook change to negative from stable in March 2016 affected the ratings of banks that had incorporated a degree of government support and uplift," says Wan.
The presentation -- "Rising System Leverage and Impact on Banks' Credit Profiles" -- was held at Moody's 2016 Mid-Year China Conference: Understanding the Risks of High and Rising Leverage in Beijing on 31 May. The Shanghai conference is scheduled for 2 June. The morning seminars feature senior Moody's managers and analysts, and cover a broad range of sub-themes.
The change in Moody's Macro Profile on China's banking system to "Moderate" from "Moderate+" in March 2016 reflected the continued rise in leverage in the Chinese economy from an already high level. The change of the Macro Profile has led Moody's to reassess Chinese banks' financial factors and standalone profiles.
"While our rated banks are not immediately affected by this Macro Profile change, their standalone credit profiles face downward pressure," says Wan.
According to Moody's, asset quality is deteriorating with increasing nonperforming loans (NPLs) and rising credit costs; there is a widening gap between NPLs and 90+ day delinquencies as greater numbers of 90+ day delinquencies are not recognized as NPLs.
In addition, shadow banking assets accounted for nearly 80% of GDP in 2015. Increasing interconnectedness between banks and the shadow banking system could put additional pressures on banks' asset quality.
Investments in loans and receivables among the 26 listed banks in China jumped four-fold to RMB10.4 trillion from RMB2.5 trillion between 2012 and 2015.
Moody' stressed that these investments are an opaque source of asset risk.
However, Moody's says there are several mitigating factors that support the credit profiles of Chinese banks.
These include the banks' (1) good profitability relative to global peers, despite increasing impairment charges and pressure on net interest margin; (2) loan loss reserves, which provide a buffer against losses despite its rapid decline; (3) broadly stable liquidity, despite pressures from capital outflows and a growing portfolio of illiquid investments; (4) adequate capital, though falling behind global standards; (5) increasing NPL write-offs and sales; (6) support from the government, which remains a strong and key credit factor.

This year's conference will include the following plenary sessions:
• Incorporating government support in the ratings of SOEs amid rising defaults
• China property outlook -- slowing growth and increasing competition raise risks
• Why does the build-up in corporate leverage matter to the sovereign?
• Does high leverage pose a risk to financial system stability?
• What risks do corporates face from high leverage, overcapacity and restructuring?
• Diversifying sources of finance

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Post by: InstaForex Gertrude on May 31, 2016, 05:20:35 am
Chinese woes, Fed rate hike force investors to ditch Asian holdings

Chinese economic woes and the Federal Reserve's brewing interest rate hikes have pressured investors to sell its Asian bonds and currencies. An HSBC data indicated a net $3.2 billion ditched equity markets in the region, excluding Japan, the biggest outflow since January. The report added bond markets in Indonesia and South Korea are now receiving huge reverse of inflows, while currencies have slumped sharply. The MSCI Asia-Pacific Index climbed 19% between late January and the end of April in the wake of tailwinds of a dovish Fed, hopes the Chinese economy will recuperate, and stabilization in commodity prices.

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Post by: InstaForex Gertrude on June 01, 2016, 03:00:54 am
Fxwirepro: South Korean Won falls on the Back of Lower Than expected Cpi Data


USD/KRW is currently trading around 1190 levels.
Overnight South Korea released CPI data with negative numbers.   
South Korea’s May CPI growth Y/Y decreases to 0.8 % (forecast 0.90 %) vs previous 1.0%. In addition, CPI growth M/M decreases to 0.0 % (forecast 0.20 %) vs previous 0.1 %.   
On the other side, South Korea’s April current account balance decreases to 5.14 bln $ vs previous 10.07 bln $ (revised from 10.07 bln $).   
South Korea’s May trade balance prelim decreases to 7.1 bln $ vs previous 8.80 bln $.   
Intraday bias remains bullish till the time pair holds key support at 1177 marks.   
A daily close above 1194 is required to drag the parity higher towards key resistances at 1195, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.   
Alternatively, a sustained close below 1182 will tests key supports at 1172, 1162, 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.   
Daily chart showing the 20D EMA has crossed over 30D and 55D EMA, which signals bullish trend. In addition, a sustained close above 1194(high as on May 24, 2016) is also required to confirm the same.
We prefer to take long position in USD/KRW only above 1194, stop loss 1177 and target 1209 marks.

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Post by: InstaForex Gertrude on June 01, 2016, 05:28:17 am
EU hate speech accord highlights escalating pressure over content regulation

When the European Union and four major US internet firms agreed to halt illegal hate speech from their services, they are facing intense pressure to curtail and monitor content. Under the agreement, Facebook Inc., Google's YouTube, Microsoft Corp., and Twitter Inc. will look into reports of hate posts within 24 hours and disable or revoke access to the content, if needed. Governments in the region have been responding to increasing commentaries on pro-Islamic State, anti-immigrant, and other sensitive issues on social media. Although the four companies played down the importance of the agreement, people privy to the matter disclosed the recent EU pact is inclined to implementing more prohibitions.

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Post by: InstaForex Gertrude on June 02, 2016, 05:27:24 am
Nikkei down Over 2 Pct, Gold steady Above $1210

All the major Asian stock indices are trading on a lower note on Thursday but the Japan’s Nikkei falls the most above 2 pct. In addition, Japanese Yen hits fresh 2 –week high against US dollar after comments from the BOJ’s Sato. USD/JPY breaks 109.00 marks and trading around 108.90 levels. On the other side, Gold remains well supported above $1200 and trading around $1215 marks. Expected trading range for the gold is $1208 to $1227 marks. Japan’s Nikkei N225 was trading 2.29% lower at 16,568 points in Tokyo. South Korea’s Kospi was trading 0.11% higher at 1,984.60 points. Shanghai composite index to open down 0.1 pct at 2,911.22 points and China's CSI300 index to open down 0.1 pct at 3,158.03 points. Hong Kong’s Hang seng index was trading 0.52% higher at 20,864.52 points. Australia’s S&P/ASX 200 was trading 0.83% lower at 5,278.50 points.

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Post by: InstaForex Gertrude on June 02, 2016, 06:38:29 am
U.S. Pushes to Block North Korea from Banking System

The United States government warned that foreign banks doing business with North Korea will face U.S. sanctions or fines. The insular communist country's series of ambitious nuclear arms tests that started this January raised accusations of money laundering activities to fund its lucrative nuclear testing, prompting the U.S. administration to call North Korea a "primary money laundering concern” and to take actions to cut off the country from accessing the U.S. financial system. U.S. Treasury also stated that all government and financial authorities are expected to follow suit and cut banking ties with North Korea.

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Post by: InstaForex Gertrude on June 03, 2016, 03:31:24 am
Fxwirepro: Usd/krw Strongly Holds 1190 Mark, Downside Limited

USD/KRW is currently trading around 1190 levels.   
It made intraday high at 1192 and low at 1185 marks.   
Pair is moving in a firm range from 1185 to 1195 marks.   
Intraday bias remains neutral till the time pair holds key resistance at 1195 marks.   
A daily close above 1194 is required to drag the parity higher towards key resistances at 1195, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.   
Alternatively, a sustained close below 1182 will tests key supports at 1172, 1162, 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.   
Daily chart showing the 20D EMA has crossed over 30D and 55D EMA, which signals bullish trend. In addition, a sustained close above 1194(high as on May 24, 2016) is also required to confirm the same.
We prefer to take long position in USD/KRW only above 1194, stop loss 1177 and target 1209 marks.

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Post by: InstaForex Gertrude on June 03, 2016, 04:07:17 am
Apple Services Resume after Two-Hour Outage

Some of Apple Inc.'s services including its Apple Store experienced a two-hour outage on Thursday. Services resumed after the outage, but some services connected to iCloud and photo applications are still unavailable to several users. Apple's U.S. support page provided a timeline that showed that the issues started to manifest at around 4 p.m. U.S. EDT. The App Store service was back at around 6:30 p.m. EDT. No additional comment or information was released by Apple regarding the incident. The company stated on its website that they are investigating the issue and will provide updates when more information becomes available.

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Post by: InstaForex Gertrude on June 06, 2016, 03:45:01 am
Fxwirepro: Usd/jpy Stabilises Around Fresh -5 Week Low After Nfp Job Results, 105.54 Mark in Focus

USD/JPY is currently trading around 106.71 marks.   
It made intraday high at 106.87 and low at 106.35 levels.   
Intraday bias remains bearish till the time pair holds key resistance at 107.94 marks.   
A daily close above 107.94 is required to take the parity higher towards key resistances around 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
On the other side, a sustained break below 106.13 will drag the parity down towards key supports at 105.71, 105.45 and 104.55 levels respectively.

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Post by: InstaForex Gertrude on June 07, 2016, 02:27:55 am
Moody's Assigns Aa3 to Chino Basin Desalter Authority (ca) Revenue Bonds

Desalter Revenue Refunding Bonds, Series 2016A; Rating: Aa3; Rating Type: Underlying LT; Sale Amount: $67,690,000; Expected Sale Date:
06/22/2016; Rating Description: Revenue: Government

Enterprise Summary Rating Rationale
Moody's Investors Service has assigned an Aa3 rating to the Chino Basin Desalter Authority (CDA) Revenue Refunding Bonds, Series 2016A. The bonds have an expected par value of $67.7 million. We have also affirmed the rating on the Authority's existing $76.1 million of outstanding revenue bonds.

The rating reflects the Chino Basin's satisfactory debt service coverage from pledged revenues, sound liquidity, stable water supply availability, and largely standard legal covenants with the exception of a weaker than typical additional bonds test.

Rating Outlook
Outlooks are usually not assigned to local government credits with this amount of debt outstanding.
Factors that Could Lead to an Upgrade
Significant and sustained improvement of debt service coverage
Materially improved liquidity
Factors that Could Lead to a Downgrade
Weakening of debt service coverage
Material deterioration of cash
Water supply pressures
Legal Security
The bonds are secured by the CDA's pledge of revenues from its water purchase agreements, Metropolitan Water District rebates, and interest income. The water purchase agreements are take-or-pay contracts from program participants who pay their share of costs as part of their individual operations and maintenance.

Use of Proceeds
Proceeds of the sale will be used to refund the CDA's Series 2008A Revenue Bonds.

Obligor Profile
The authority is a joint exercise of powers agency by and among JCSD, SARWC, the cities of Chino, Chino Hills, Norco and Ontario, and IEUA with the power, among others, to design, finance, lease, purchase, acquire, construct, operate, maintain, sell, hypothecate or otherwise dispose of the Project for the purposes of the production, treatment and distribution of water to the Project Participants. In 2008, WMWD was added as member of the authority.

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Post by: InstaForex Gertrude on June 07, 2016, 05:42:29 am
Crumble hurdles for foreign entities, US tells China

Senior US officials implored China to downscale hindrances for foreign businesses, saying woes have escalated because of a more complicated regulatory environment. After numerous government probes hitting foreign entities and the implementation of a national security law curbing the usage of technology, foreign business sentiment has dwindled. American business groups also expressed their exasperation regarding new Chinese rulings favoring local firms, making it harder to run business in the country. US Treasury Secretary Jacob Lew said the two countries are responsible for ensuring better commercial, investment, and trade collaboration.

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Post by: InstaForex Gertrude on June 08, 2016, 04:25:15 am
08-Jun-2016 - Fitch: Korea's Low Rates Prevent Repeat of High Policy Payments

(https://forex-images.instaforex.com/analysts/big_preview/rate/1.jpg)

South Korea's life insurers are unlikely to repeat the mistake of providing high guaranteed rates to gain market share that had saddled them with a decades-old negative-spread burden that lingers today, particularly under the current low-interest-rate environment, Fitch Ratings says in a new report. The Bank of Korea has not adjusted the base interest rate since cutting it to 1.5% in June 2015, from 1.75% in March 2015. The low-interest-rate environment makes it less likely for insurers to clear their negative-spread burden - which arose in the 1990s when actual investment returns fell below the guaranteed interest rates of 8%-9% they had offered on endowment policies - in the short term, Fitch says. Persistent low-interest rates affect insurers differently, suppressing one insurer's investment yields, reducing another's funding costs, and improving valuation gains for bond investments. Meanwhile, a wave of M&As has swept the market in 2015 and 2016 to date as foreign insurers look to expand their business operations into more Asian markets. Korea's rapidly ageing population is supporting continued business growth in the insurance sector, especially for protection type, pension, and healthcare-related products. Growth is occurring at a modest pace of 5-10% as the market gets more mature and saturated.

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Post by: InstaForex Gertrude on June 08, 2016, 05:18:58 am
Oil glides near eight-month peaks on woes over Nigeria's crude industry

Oil prices inched closer to its highest in around eight months, bolstered by anxieties over Nigeria's oil industry and data indicating bigger than anticipated drawdown in US crude inventories. An American Petroleum Institute data showed commercial oil inventories declined by 3.6 million barrels in the previous week. Analysts noted worries regarding global supply disruptions boosted the market, which surfaced when militants assaulted southern Delta swamps in Nigeria. Brent crude for August settlement remained at $51.44 per barrel, while NYMEX crude for July settlement closed at $50.40 per barrel, up 4 cents.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 09, 2016, 03:55:46 am
Fxwirepro: South Korea's Won Turns Weaker After Surprise Central Bank Rate Cut

USD/KRW is currently trading around 1154 levels.   It made intraday high at 1160 and low at 1152 marks.   
Today BOK cuts base rate by 25 bps to record-low 1.25 pct vs 1.50 pct previous release.   
Intraday bias remains bullish till the time pair holds key support at 1152 marks.     
A sustained close below 1152 will tests key supports at 1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.   Alternatively, reversal from key support will drag the parity higher towards key resistances at 1168, 1176, 1182, 1196 (June 01, 2016 high), 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively. 
In addition, South Korea’s finance minister said, ‘BOK rate cut seen positive for economy’.
We prefer to take long position in USD/KRW only above 1158, stop loss 1152 and target 1176/ 1182 marks.

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Post by: InstaForex Gertrude on June 09, 2016, 05:28:30 am
Nike stands pat on Sharapova amid two-year suspension

Nike Inc. announced it would continue sponsoring Maria Sharapova although she got a two-year suspension as a drug test found her positive for using a prohibited medicine. The sports company stressed it would stay behind Russian-born tennis player, reiterating the International Tennis Federation ascribed to a faulty procedure to decide on the issue. Earlier this year, the Tennis Anti-Doping Programme found Sharapova positive for using the banned drug. The endorser will attempt to appeal the decision. Nike initially held off its relations with Sharapova to watch the probe. But the firm noted the tribunal believed the endorser did not intentionally breached the regulations. Sharapova earlier admitted she only used meldonium for medical reasons and had already apologized for overlooking the new rule.

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Post by: InstaForex Gertrude on June 14, 2016, 04:44:12 am
Venezuela halts two-day work week, mitigates power disbursement

Venezuela alleviated energy distribution, which led to removing a two-day work week for almost 3 million employees in the public sector. Electricity Minister Luis Motta said increasing water supply at the Guri reservoir led to the government's decision. According to officials, the administration implemented the measures in response to drought this year and have helped lower power consumption in the country. But critics reiterated the government should be blamed, saying such moves fail to resolve electricity scarcity since people would simply use appliances in another place.

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Post by: InstaForex Gertrude on June 15, 2016, 02:26:24 am
Australia Consumer Confidence Slips In June - Westpac

Consumer confidence is Australia was down slightly in June, the latest survey from Westpac Bank showed on Wednesday as its index slipped 1.0 percent to a score of 102.2.

That's a somewhat natural correction after the previous month's spike, which saw an 8.5 percent jump to 103.2 - largely on enthusiasm over a rate cut from the Reserve Bank of Australia.

"Coming after an 8.5 per cent surge in May, the small decline in June mostly represents a consolidation at improved levels," Westpac senior economist Matthew

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 15, 2016, 04:22:41 am
Mitsubishi Utilized Inappropriate Mileage Data for Additional Models: Media

Japan's local media reports Mitsubishi Motors Corp. has used inaccurate fuel economy data for supplemental models that are outmoded and intends to divulge the issue soon to Japan's transport ministry. The automaker confessed in April of exaggerating the fuel economy on four of its mini-vehicles. Two models involved were made for Nissan Motor Co. and has stated that their own probing has verified that improper mileage calculations were utilized for nine other models. Asahi newspaper said Mitsubishi Motors forged data for 3 additional models and that the carmaker made hypothetical calculations for the mileage of 10 additional models that are obsolete.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 16, 2016, 03:28:55 am
Fxwirepro: Asx200 Struggles to Break Above 5200, Good to Buy at Dips

Major resistance - 5205  (21 4H MA)   
Major Support - 5130 (200 day MA)   
ASX200 has recovered till 5198 at the time of writing from the low of 5143 made yesterday .The index has not able break above 5200 and has started to decline from the high made today. It is currently trading at 5170.   
Short term trend is slightly bullish as long as support 5130 holds.   Any violation below major support will drag the index down till 5075/5000 in the short term.   
On the higher side any break above 5205 will take the index to 5250 (55 day EMA)/5300/5337 (21 day MA). It is good to buy at dips around 5160-65 with SL around 5130 for the TP of  5250

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 16, 2016, 04:51:43 am
Microsoft Objects to Labor Board Decision on Contract Worker Benefits

Microsoft Corporation has appealed to a federal court to discard a ruling by the U.S. labor board to broaden the duties of companies for contract workers with regards to benefits. The NLRB released a decision in August 2015 that expanded the definition of a joint employer which could oblige more companies to negotiate with and have accountability for workers hired by contractors. Microsoft's brief claimed that the 2015 decision was too expansive and would intimidate Microsoft and others from advising contractors to grant benefits to their employees, as the ruling would make the tech companies a joint employer. A source reported that there were nearly 81,000 temporary and contract employees under Microsoft at one point in 2015.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 17, 2016, 04:12:54 am
Fxwirepro: Usd/jpy Fails to Sustain Below 103.00 Mark, Faces Strong Resistance at 105.19

USD/JPY is currently trading around 104.59 marks.   It made intraday high at 104.82 and low at 104.22 levels.   Intraday bias remains slightly bullish for the moment.    A daily close above 105.19 is required to take the parity higher towards key resistances around 106.12, 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.   Alternatively, a sustained close below 104.00 will drag the parity down towards key supports at 103.54, 102.10 and 101.56 levels respectively.   Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart. Current upside movement is short term trend correction only.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 17, 2016, 05:45:39 am
Revlon to Acquire Elizabeth Arden for $870M

Revlon Inc. is set to buy Elizabeth Arden Inc. in an $870 million agreement. The cosmetics maker company is aiming to boost its skincare and fragrance enterprise and expand in the Asia-Pacific market with this acquisition. The equity value of the transaction is $419 million, derived from Elizabeth Arden's outstanding stocks at the beginning of May. This investment comes after Revlon majority stockholder Ron Perelman stated that he would look for strategic options for the company and to improve competition against rivals such as Estee Lauder Cos Inc and L'Oreal SA.

Elizabeth Arden's shares jumped almost 50% to 413.96 in extended trading while Revlon shared slightly rose to $31.30.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 20, 2016, 01:23:41 am
UK House Prices Rise 0.8% In May - Rightmove

(https://forex-images.instaforex.com/analysts/big_preview/gbp/1.jpg)

The average asking price for a house in the United kingdom was up 0.8 percent on month in May, property tracking website Rightmove said on Monday - coming in at 310,471 pounds.

That follows the 0.4 percent increase in April.

On a yearly basis, house prices advanced 5.5 percent - slowing from 7.8 percent in the previous month.

Individually, house prices in London dipped 0.2 percent on month, while every other area saw an increase.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 20, 2016, 04:22:40 am
Asian Stocks Rose as Brexit Anxiety Recedes, Pound Surges

Asian stocks climbed as mounting expectations of the United Kingdom voting to stay in the European Union eased risk worries and the pound strengthened against other currencies.

There was a gain of 0.4% in MSCI's broadest index of Asia-Pacific shares outside Japan while Japan's Nikkei was up 1.5%, reinforced by the weakening of the lately bullish yen. Australian stocks increased 0.3% and South Korea's Kospi gained 1%.

Meanwhile, the pound surged 1.4% to $1.4573, continuing its recovery from last week's two-month low of $1.4013. It leaped 1.9% to 152.50 yen GBPJPY=R, moving away from a three-year trough of 145.34 on Thursday.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 21, 2016, 04:14:17 am
Fxwirepro: Aussie Gains Against Major Peers After Rba Minutes, Aud/nzd Back Above 1.05 Mark

AUD/NZD is trading around 1.0504 marks.   
Pair made intraday high at 1.0509 and low at 1.0459 marks.   
Intraday bias remains bullish till the time pair holds initial support at 1.0455 marks.   
On the top side, a sustained close above 1.0547 will drag the parity higher towards 1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.   Alternatively, a daily close below 1.0455 will take the parity down towards key supports around 1.0408(June 9, 2016 low), 1.0362 and 1.0231 marks respectively.   
Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart. Current upside movement is short term trend correction only.   
Today Australia released meeting minutes and HPI data.   
Australia’s HPI fell to -0.2% q/q vs 0.2% q/q previous release.   
RBA minutes: Board judged leaving rates steady at June 7 meeting was consistent with sustainable growth.   
RBA minutes: Low interest rates and weaker A$ since 2013 helped support above potential growth in Q1. 
 RBA minutes: Growth in household disposable income had been stronger than measures of income growth for overall economy. We prefer to take short position in AUD/NZD around 1.0525, stop loss 1.0572 and target 1.0416/ 1.0374 levels.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 21, 2016, 04:50:56 am
Brazil agrees to provide $15 billion state debt assistance until 2018

(http://forex-images.mt5.com/prime_news/preview/5768bc6bf034b.jpg)

Brazil agreed to provide debt relief to state governments amounting to 50 billion reais ($15 billion) until 2018, seeking to offer a special loan to Rio de Janeiro prior to Olympics and beef up public services.
Finance Minister Henrique Meirelles unveiled the debt relief as governors met with President Michel Temer, in which they would be given a six-month grace period and 1 ½ year of slashed payments.
Source privy to the matter said Brazilian municipality would receive 3 billion reais ($850 million) loan, payable in the following week.
Rio de Janeiro declared a financial emergency and asked for financing in order to complete the subway which will transport people to the venue of Olympic games and maintain public services during the event.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 22, 2016, 04:25:28 am
Fxwirepro: Usd/jpy Remains Well supported Below 104.85 Mark, Upside Limited

(https://forex-images.instaforex.com/analysts/big_preview/up_market/4.jpg)

USD/JPY is currently trading around 104.43 marks.   
It made intraday high at 104.85 and low at 104.35 levels.   Intraday bias remains bearish for the moment.   
A sustained close below 103.94 will drag the parity down towards key supports at 102.10 and 101.56 levels respectively.   
Alternatively, a daily close above 104.85 is required to take the parity higher towards key resistances around 106.12, 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.   
Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart.   
Today is empty calendar for Japan but later today Fed chair Yellen testimony will provide further direction to the parity. RSS feed

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 22, 2016, 05:18:23 am
Asian Stocks Steady, Sentiment Bleak Before Brexit

(http://forex-images.mt5.com/prime_news/preview/576a070fd4148.jpg)

Asian stocks were steady as anxious investors await the results of the United Kingdom's EU referendum. Fed Reserve Chair Janet Yellen's cautious comments on possible rate hikes also toned down the mood in financial market.
MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.1% while Japan's Nikkei dropped 0.7%. U.S. S&P Index rose 0.27% but was still under the 11-month high reached earlier this June. The Pound jumped as high as $1.4788 on Tuesday but slid back to $1.4667 during early Asian Trade. The Euro also dropped to $1.1250 compared to this week's peak of $1.1383 on Monday.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 23, 2016, 04:07:58 am
Fxwirepro: Eur/gbp slips Below 78.6% Fib As Gbp Remains Bid on Bremain Sentiment

(https://forex-images.instaforex.com/analysts/big_preview/eur_gbp/1.jpg)

According to the latest poll, via Number Cruncher Politics, the Remain camp continues on the lead at 46%(+3 from previous) vs Leave 44% (-1 from previous), with undecided at 10 (-2 from previous).   

Overnight, the latest polls via YouGov (online), showed Remain 51% and Leave 49%, while ComRes (phone) saw Remain 48% and Leave 42%.   

The pound continues to be well bid in light of the most recent opinion polls' outcomes.   EUR/GBP has slipped below the 78% Fibo level and is currently trading around 0.7645 levels.   

Resistances on the upside align at 0.7656 (78.6% Fib of 0.7565 to 0.80 rally) ahead of 5-DMA at 0.77.   

On the downside supports are seen at 0.7617 (Jan 21st low), 0.76 and then 0.7568 (200-DMA).   Market sentiment could be volatile in the lead up to the vote and recent moves on currency markets remain vulnerable to swings/reversals.  ​

Recommendation: Book partial profits, tighten trailing stops to 0.7656, target 0.7620/ 0.76

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 23, 2016, 05:13:27 am
Japan’s manufacturing activity slumps in June

(http://forex-images.mt5.com/prime_news/576b61eb690de.jpg)

The Japanese manufacturing activity condensed in June based on an primary survey, but uncertainties persist on declining exports and supply chain interruptions due to earthquake.

Japan Flash Manufacturing PMI by Markit/Nikkei closed at 47.8 this month from 47.7 in May. The initial index for new orders touched 45.8 in June from 44.7 in the previous month.

Markit said the earthquakes in April have negatively impacted the PMI. It added employment slid to its lowest in nine months into growth, indicating additional stimulus may be necessary to boost the economy.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 24, 2016, 04:35:12 am
Briferendum Series: Global Markets Feel Newcastle Tremors

(https://forex-images.instaforex.com/analysts/big_preview/stock_market/2.jpg)

Results are coming out and some of them are a shocker. Newcastle was expected to be a stronghold for the “Remain” camp and was expected to provide somewhere around 12 percentage points lead to the “Remain” camp, instead, it was a very narrow lead in favor of the “Remain”. With 68 percent turnout, 65,504 people voted in favor of staying in the Union, while 63,598 favored going out.  Newcastle was able to give a lead of only 1.4 percentage points to the “Remain” camp.

With such setbacks, it’s not going well for the “Remain” camp. According to latest figure, authorities have so far declared results in 184 local authorities and 188 are still remaining. It is not all looking good for the “Remain” camp. “Leave” camp is leading with 52 percent in their favor.

The pound has been declining fast after Newcastle shocker. Currently trading at 1.364 against the dollar, down more than 6 percent. The yen is up more than 3 percent trading at 101.3. S&P 500 is down 3.9%.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 24, 2016, 05:10:14 am
S&P 500 Futures Stumble as ‘Leave’ Camp Ahead in Early Referendum Tally

U.S. stock index futures dropped in after-hours trading as preliminary results from Britain's referendum to stay or leave the EU showed a lead for supporters of a British Exit or Brexit.

S&P E-mini futures was down 0.8% as early tally showed 52.6% of the vote for the “leave" camp and 47.4% for the “stay" camp. Sterling plunged down to $1.4351 against the greenback, erasing its earlier gains which elevated the pound its peak of beyond $1.50 this year after polls indicate that Britons had 52-48% to remain in the EU bloc. Futures on the VIX .VIX volatility index climbed 1.02 pts. to 17.7 as anxiety among investors increase.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 27, 2016, 02:54:29 am
Fxwirepro: Usd/jpy Stabilises Above 102.00 Mark, Bias Remains Bullish Above 101.48

(https://forex-images.instaforex.com/analysts/big_preview/usd_yena/2.jpg)

USD/JPY is currently trading around 102.34 marks.   It made intraday high at 102.47 and low at 101.50 levels.   Intraday bias remains bullish till the time pair holds key support at 101.48 marks.   A sustained close below 101.50 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.   Alternatively, a daily close above 103.45 is required to take the parity higher towards key resistances around 104.80, 106.12 and 107.46 levels respectively.   Today is relatively calm session at the start of the new week. Markets expect range bound movement for the day.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 27, 2016, 03:57:25 am
Oil Continues Decline as Brexit Anxiety Persists

(http://forex-images.mt5.com/prime_news/preview/57709710a59e0.jpg)

Oil prices fell almost a percent on Monday, continuing distinct declines after the United Kingdom's vote to exit the EU triggered a significant selloff in global markets on Friday in order to avoid risks.

London Brent crude declined 24 cents at $48.17 a barrel on Sunday from the $48.41 on Friday. NYMEX crude fell 26 cents at $47.38 a barrel after settling at $2.47 or 4.9% on Friday. The decline of the British pound during early Asian trading on Monday also added pressure to oil prices as investors struggle to determine the next step after the Brexit.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 29, 2016, 04:37:37 am
Fxwirepro: South Korean Won Gains Sharply Against U.s. Dollar As Manufacturing Bsi Index Meets Expectations

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/1.jpg)

USD/KRW is currently trading around 1165 levels.   
It made intraday high at 1170 and low at 1165 levels.   
Intraday bias remains bearish till the time pair holds key resistance at 1176 mark.     
A sustained close below 1162 will tests key supports 1153/1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.   
Alternatively, a daily close above 1176 will drag the parity higher towards key resistances at 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.   
In addition, South Korea’s Kospi was trading 1.18% higher at 1,959.92 points.   
South Korea’s manufacturing BSI index stays flat at 72 vs previous 72.
We prefer to take short position in USD/KRW only below 1162, stop loss 1172 and target 1153/ 1145 marks respectively.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 29, 2016, 05:35:38 am
Istanbul Airport Bombed, 31 Dead, 150 Wounded

(http://forex-images.mt5.com/prime_news/preview/5773386875676.jpg)

Ataturk Airport, the largest in Turkey and third busiest airport in the world, was the target of suicide bombers on Tuesday. Witnesses testified seeing 3 gunmen who opened fire to the people before setting off explosives.

Justice Minister Bekir Bozdag said that a total of 31 were killed while 150 got wounded as a result of the attack. No group is claiming responsibility for the bombing yet, but police sources say that evidences point out to the Islamic State. This is because the same incident showed semblance to the attack that happened in Brussels airport on March 16.

Turkey President Tayyip Erdogan meanwhile has expressed that terrorism nowadays has no regard on faith and values since the bombing took place during the Ramadan.

The country has suffered from a series of attack just this year. It included two car bombings in Ankara and two suicide attacks in Istanbul. Turkey is known to be actively fighting the Islamic State and Kurdish militants.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 30, 2016, 02:42:18 am
New Zealand Business Confidence Jumps In June - ANZ

(https://forex-images.instaforex.com/analysts/big_preview/new-zealand/6.jpg)

Business confidence in New Zealand improved markedly in June, the latest survey from ANZ showed on Thursday with an index score of 20.2.
That's up from 11.3 in May.
The activity outlook jumped to 35.1 from 30.4 in the previous month.
The survey's inflation forecast came in at 1.49 percent - up from 1.39 percent a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 30, 2016, 03:38:17 am
Largest Diamond Fails to Sell in Sotheby London Auction

(http://forex-images.mt5.com/prime_news/preview/57748827213fb.jpg)

The 1,109-carat diamond Lesedi la Rona or “our light” remained unsold at an auction at London after the highest bid of $61 million didn't meet the minimum expected selling price. The diamond was expected to sell at $86 million. However, the highest bid only reached $61 million, far from the given “reserve price”, leaving the biggest diamond found in more than 100 years unsold at a Sotheby's auction on Wednesday.

It is unclear what will happen to the diamond after the auction, but analysts are now looking at the potential of a private sale, most likely in a deal where Lucara Diamond Corp., the company who owns the Karowe mine where the diamond was unearthed, will still have some interest from the polished stones.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 01, 2016, 02:46:29 am
BoJ Tankan: Business Sentiment Unchanged In Q2

(https://forex-images.instaforex.com/analysts/big_preview/up_market/2.jpg)

An index monitoring business sentiment in Japan was steady in the second quarter of 2016, the Bank of Japan said on Friday in its quarterly Tankan business survey. The large manufacturers' index came in with a score of +6, beating forecasts for +4 and unchanged from the previous quarter. The outlook also came in at +6, beating forecasts for +3, which would have been unchanged from Q1. The survey is closely watched by the Bank of Japan for formulating policies. Large industry capex for the current fiscal year is now seen higher by 6.2 percent, above forecasts for an increase of 5.6 percent and up sharply from the 0.9 percent decline seen in the previous quarter. The large non-manufacturers index was at 19, matching expectations although down from 22 in the previous quarter. The outlook score was 17, in line with forecasts and unchanged. The small manufacturing index came in at -5, beating expectations for -6 but down from -4 in the first quarter. The outlook was -7, in line with forecasts after showing -6 in the three months prior. The small non-manufacturing index had a score of 0, missing forecasts for 1 and down from 4 in the previous quarter. The outlook came in at -4, shy of forecasts for -2 and down from -3 in the three months prior. The sentiment indexes are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 01, 2016, 04:12:44 am
Tony Blair Suggest Leaders Remain Calm

(http://forex-images.mt5.com/prime_news/preview/5775ceca85ef5.jpg)

Former British Prime Minister, Tony Blair call for a sense of urgency when dealing with the process of the European Union negotiations. Blair recently declared that “our nation is in peril” following the referendum and added that a foreseeable complex relationship will soon be shared with other countries. Further on, he urged politicians to act with “genuine patriotic regard” in relation to the future of the country. Surprised by how distant and uncertain former European partners to Britain are today he goes off with a concerned tone.

Blair suggests that in troubling times such as this the nation must portray a calm united front of supporting each other. The Labour party politician insists that this not be the time for another argument regarding the referendum and that politicians must be open to anything. He also mentioned for leaders to keep a cautious eye on Ukip leader Nigel Farage at the European parliament

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 04, 2016, 02:48:01 am
Fxwirepro: Silver Rises 3.25 Pct to $20.42, Marks Highest Since August 2014

XAG/USD is currently trading around $20.35 marks.   
It made intraday high at $20.43 and low at $19.65 levels.   
Intraday bias remains bullish till the time pair holds immediate support at $19.70 marks.    A sustained close above $20.43 tests key resistances at $20.78, $21.09 and $21.46 marks respectively.   
On the other side, a daily close below $20.00 will take the parity down towards key supports at $19.88, $19.48, $19.34, $19.12 and $19.09 marks respectively.   
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.

We prefer to take long position in XAG/USD only above $20.43, stop loss at $19.70 and target $20.78/ $21.09 mark

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 04, 2016, 06:31:09 am
Russian tycoon Prokhorov's Onexim Group assets on sale – Vedomosti

Russian newspaper Vedomosti on Monday said Onexim Group, which is owned by billionaire tycoon Mikhail Prokhorov, has put all its assets on sale. Onexim owns stakes in aluminium giant Rusal, potash firm Uralkali and power generator Quadra. The investment fund firm did not respond for comment. In April, it was reported that offices of Onexim were searched for a tax investigation by Russian law enforcement officials.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 05, 2016, 04:23:35 am
Canadian Dollar Drops Against Most Majors

The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
The Canadian dollar fell to a 4-day low of 79.18 against the yen, from yesterday's closing value of 79.81.
Against the euro and the U.S. dollar, the loonie dropped to 1.4349 and 1.2892 from yesterday's closing quotes of 1.4322 and 1.2845, respectively.
If the loonie extends its downtrend, it is likely to find support around 76.00 against the yen, 1.46 against the euro and 1.31 against the greenback.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 05, 2016, 04:59:36 am
Line Lifts IPO Price Range to Meet High Demand

(http://forex-images.mt5.com/prime_news/preview/577b209f5be69.png)

Japan's Line Corp., the nation's biggest messaging application operator moved its price range for an upcoming IPO by as much as 115.5 billion yen or $1.12 billion due to the strong demand.

Line lifted its price range from 2,700 yen to 3,200 yen a share up to 2,900 yen to 3,300 yen or $28.50-$32.50 a share. The company is targeting a dual listing in Tokyo and New York scheduled on July 14 and 15. It is expected to be the biggest technology listing so far in 2016.

Line stated in a news release that its decision to lift its price range has factored in demand trends and the current stock market environment that revealed that investors remain interested on the IPO regardless of the market disruption post-Brexit.

The Japanese firm is offering 13 million shares and 22 million shares in Japan and New York, respectively. An additional 5.25 million shares could be offered via a “green shoe” option, which enables the offering of more shares in case of exceptional demand.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 06, 2016, 02:15:04 am
Fxwirepro: Usd/jpy Breaks Key Support at 101.39, Intraday Bias Remains Bearish

(https://forex-images.instaforex.com/analysts/big_preview/up_market/5.jpg)

USD/JPY is currently trading around 101.19 marks.   
It made intraday high at 101.76 and low at 101.05 levels.   
Intraday bias remains bearish till the time pair holds key resistance at 102.80 marks.   
A daily close above 103.39 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.   
On the other side, a sustained break below 101.39 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.   
No major economic data is scheduled from Japan but on the other side, US will release ISM non manufacturing PMI as well as FOMC meeting minutes later today.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 06, 2016, 04:34:09 am
BlackBerry to Halt Classic Smartphone Model Production

(http://forex-images.mt5.com/prime_news/preview/577c6e5c3cacd.jpg)

BlackBerry Ltd. will stop manufacturing the BlackBerry Classic, an updated version of the original and classic model that made the company a smartphone trendsetter before other smartphone giants Apple Inc. and Samsung Electronics Co. unseated it.

CEO John Chen unveiled the Classing after becoming part of the firm back in 2013, reviving the Blackberry's signature raised-button keyboard. The resolution to out phase the Classic is another step to continue the extermination of the BB10 OS, which will now only be operating on Passport model, as they change focus to new phones running on Android platform.

In addition to BlackBerry's introductory Android phone model, the Priv, the firm is also working on two more Android phones.

BlackBerry dropped 2.3% to $6.61 at 12 noon in NY. The stock has plunged 27% so far this year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 07, 2016, 02:38:58 am
Moody's: Korea's Public Sector Reforms Present Mid- and Long-Term Credit Challenges for State-owned Companies

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Moody's Investors Service says that the Korean government's (Aa2 stable) planned public-sector reforms will raise the risk of credit quality erosion for many rated infrastructure and corporate government-related issuers (GRIs) and their subsidiaries over the medium and long term. "Such issuers will face rising medium- and long-term credit challenges, as a result of the reforms, because a stable regulatory and policy environment has been a key factor underpinning their issuer ratings, which incorporate the probability of extraordinary government or parental support," says Mic Kang, a Moody's Vice President and Senior Analyst. "However, the credit quality of these rated issuers will mostly remain steady over the next 1-2 years because the Korean government's reform plan, announced on 14 June 2016, calls for only moderate changes in the operations of most companies," says Kang. Kang was speaking on Moody's recently-released sector-in-depth report on Korea's GRI sector, "Government-Related Issuers -- Korea: Public-Sector Reforms Raise Medium- to Long-Term Credit Challenges". The report was authored by Kang and Wan Hee Yoo, a Moody's Vice President and Senior Analyst. "Of the rated state-owned companies, Korea Resources Corporation will likely be the most exposed to reform-related challenges, owing to its waning policy role," says Yoo. We also note that the government intends to downsize Korea Resources Corporation's (Aa3 negative) mining investment business and loss-making mining portfolio. In contrast, although Korea National Oil Corporation (Aa2 stable) also recorded a sizeable impairment loss in 2015, its strategic importance will likely remain largely intact, given its continued ownership of major oil and gas exploration and production assets, and an oil stockpiling business. Uncertainty over the future ownership structures of Korea Electric Power Corporation's (KEPCO, Aa2 stable) six power-generating companies (gencos) -- all rated Aa2 with stable outlooks -- clouds their credit profiles in the medium to long term. The six gencos are Korea Hydro and Nuclear Power Company Limited, Korea South-East Power Co., Ltd., Korea East-West Power Co., Ltd., Korea Midland Power Co., Ltd., Korea Western Power Co., Ltd. and Korea Southern Power Co., Ltd. The potential listing of the gencos also raises the possibility of further government reform that could lead to changes in their relationships with their parent. On the other hand, over the next 1-2 years, KEPCO will likely maintain controlling stakes in the subsidiaries, given that only 20%-30% stakes will be offered in the planned listings. We believe that the regulated power and gas utility companies -- KEPCO, Korea Gas Corporation (Kogas, Aa2 stable) and Korea District Heating Corporation (KDHC, A1 stable) -- will be able to cope with proposed reforms. The planned progressive opening up of KEPCO's retail electricity sales and Kogas' natural gas import for wholesaling to private companies, and KDHC's issuance of new shares to private investors are unlikely to reduce their strategic importance, or the likelihood of the government's extraordinary support. However, their credit profiles will likely be under pressure, if the government further dilutes the policy roles of the three utilities and/or its stake in KDHC in the future.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 07, 2016, 04:26:09 am
Three more UK Property Funds Freezes Selling

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Three more UK fund managers restricted investors from abandoning their UK property funds, entrapping additional 5.5 billion British pounds and now with six total property funds halting withdrawal requests post-Brexit. More than half of the 25 billion pounds of investment poured by retail investors towards commercial property are now detained by their fund managers, which are collapsing under pressure to sell off infrastructures to obtain cash. Henderson Global Investors, Columbia Threadneedle and Canada Life suspended redemptions on Wednesday amid 'panic' withdrawals. The succeeding announcements of fund 'gatings' that started on Monday have rattled the bigger markets and has raised concerns from the Bank of England that warned on Tuesday that the series of events could magnify any slump in the commercial real estate industry.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 08, 2016, 02:29:58 am
Japan Overall Bank Lending Rises 2.0% In June

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Overall bank lending in Japan was up 2.0 percent on year in June, the Bank of Japan said on Friday - coming in at 497.518 trillion yen.

That was beneath expectations for 2.2 percent, which would have been unchanged from the May reading.

Excluding trusts, bank lending also added an annual 2.0 percent to 432.514 trillion yen. That also missed forecasts for 2.2 percent, which would have been unchanged.

Lending from trusts climbed 2.3 percent to 65.003 trillion yen after rising 2.2 percent a month earlier.

For the second quarter of 2016, overall lending and lending excluding trusts both advanced an annual 2.1 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 08, 2016, 04:09:15 am
Oil Prices Recover from Two-Month Lows

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Oil prices rose from two-month lows in the prior session on Friday, when prices plunged 5% on information that the U.S. weekly draw was below the forecast.

Brent crude futures traded at $46.88 per barrel, rising 48 cents or 1.03% from their last settlement while U.S. crude rose to $45.51 a barrel by 0.82% or 37 cents. The Energy Information Administration reported that U.S. commercial crude stocks climbed down by 2.22m barrels to 524.35 million barrels, a lower withdrawal rate than what was expected by most traders.

The Brent is expected to average at $51 per barrel and $52 per barrel in the third quarter and fourth quarter of this year respectively by the Global Risk Management.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 11, 2016, 04:34:02 am
Fxwirepro: Singapore Dollar Erases Previous Gain Against US Dollar, Bias Turns Bullish

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USD/SGD is currently trading around 1.3460 marks.   
It made intraday high at 1.3580 and low at 1.3432 levels.   
Intraday bias remains bullish till the time pair holds key support at 1.3432 marks.     
A daily close below 1.3432 will drag the parity down towards key supports at 1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.   
Alternatively, a sustained close above 1.3538 will tests key resistances at 1.3646, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).   
Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend. Current downside movement is short term trend correction only.

We prefer to take long position in USD/SGD around 1.3450, stop loss 1.3410 and target 1.3502/ 1.3538 marks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 11, 2016, 05:05:35 am
Nikkei surges to 3.6 percent

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Following the rise of U.S. stocks, Japan's Nikkei share average surged to more than 3 percent and by mid-morning the currency topped to 3.6 percent. In wake of the landslide victory of the coalition, Prime Minister Shinzo Abe's win has produced market confidence and has also directed a message to foreign investors that his policies are a sign for future growth.

Everyone in the Topix was in a bullish mood. Continuing last week's profit, Nintendo Co increased more than 20 percent with optimism that their new Pokemon GO smartphone will produce better outcome. Panasonic Corp surged by 6.6 percent and anticipates its lithium-ion batteries from Tesla Motors Inc to boost annual sales in the following years. The demand for exports produced a 3.7 percent rise for Toyota Motor Co and 3.8 percent for Tokyo Electron Ltd. JPX-Nikkei Index 400 increased to 3.4 percent with 11,245.46

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 12, 2016, 04:26:22 am
UK Like-For-Like Sales Slide 0.5% In June - BRC

Like-for-like sales in the United Kingdom were down 0.5 percent on year in June, the British Retail Consortium said on Tuesday. That follows the 0.5 percent increase in May. Overall sales were up just 0.2 percent. For the second quarter of 2016, overall sales were up 0.5 percent on quarter and 1.2 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 12, 2016, 05:55:33 am
Citigroup’s Decline Worth 350 Million Dollars

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Citigroup Inc. has lost almost $350 million since 2009 to provide for Chinese consumers. Started in April 2007 when they began acquiring deposits from Chinese households which used to be a form of triumph that they celebrated. However, despite overall profitable operations in China they have faced regulatory impediments among the way in a variety of sectors that also reflects commercial difficulties and have only held about 2% of total banking assets in the country.

The public interest of foreign banks in China are limited since Chinese banks have boasted that they are able to match them. Accelerated growth in customers and further build up of consumer deposits and loans continue since 2015. Despite the development, Citi executives are troubled that the payoff is taking longer than what they have initially expected. Concerns also arise with local competition since state-owned banks produce thousands of branches and are difficult to displace.

In an effort to contribute more clients, In 2012, Citi has decided to cut the minimum deposit by a third. Citi continues to aim for the groups of wealthy Chinese people that will demand Citi's advice and service.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 13, 2016, 05:33:47 am
Yen Rises Against Majors

The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to 114.92 against the euro, 103.95 against the U.S. dollar and 105.16 against the Swiss franc, from yesterday's closing quotes of 115.78, 104.67 and 105.83, respectively. Against the pound, the yen edged up to 137.69 from an early near 3-week high of 139.48. If the yen extends its uptrend, it is likely to find resistance around 110.00 against the euro, 99.00 against the greenback, 101.50 against the franc and 128.00 against the pound.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 13, 2016, 06:03:04 am
Oil Production Slump Adds To Inflation of Venezuela

Venezuela's oil production has severely dropped. In June it has barely produced 2.15 million barrels of crude oil per day which is recognized as the weakest since 2003. This crisis indicates that the nation is dealing with a financial situation since Venezuela's economy is dependent on oil as it accounts for 96% of exports. It is the only country aside from Iraq that has reduced production for the previous month. As reported by the International Energy Agency, Venezuela has managed to produce 2.4 million barrels per day last year. Analysts affirmed that the failure of Venezuela lies in the fact that they haven't invested enough money to the oil industry. The fact that the country is facing enormous inflation is a result of the country's currency decline. Companies have found it difficult to adjust with the higher costs. Even though prices have increased, the continuous decline of production will result in oil revenue dropping further than expected

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 14, 2016, 04:14:05 am
Bank Of Korea Keeps Lending Rate Unchanged At 1.25%

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The Bank of Korea's monetary policy board on Thursday decided to hold the nation's benchmark interest rate steady at the record low 1.25 percent. That followed last month's surprise rate cut by 25 basis points from 1.50 percent after 10 straight meetings without a move. The bank noted that the global economy seems fairly stable, although the aftereffects of the UK's withdrawal from the European Union are unknown. "The board forecasts that, while the global economy will maintain its weak recovery going forward, it will be affected by factors including uncertainties related to Britain's exit from the European Union, changes in the monetary policies of major countries, and financial and economic conditions in emerging market countries," the bank said. Low inflation allowed the bank the flexibility to hold fire as consumer prices were up just 0.8 percent on year for the second straight month. On a monthly basis, inflation was flat. Core inflation, which excludes the volatile prices of fresh food, climbed an annual 1.7 percent on year and also was flat on month. "The board forecasts that consumer price inflation will remain at a low level for the time being, and then gradually rise as the effects of the low oil prices diminish," the bank said. In addition, the South Korean government said recently that it has planned fiscal stimulus as the economy is forecast to grow less than previously projected amid risks from corporate restructuring and external uncertainties caused by the UK's decision to leave the European Union. The ministry plans to introduce additional KRW 20 trillion funds into the economy, which includes an extra budget of around KRW 10 trillion. The stimulus will be financed by tax revenues and various state-run funds, the Ministry of Strategy and Finance said. No treasury bonds will be issued to raise funds. Gross domestic product is forecast to grow 2.8 percent this year instead of the 3.1 percent projected in December, the finance ministry said in its biannual report. "The board will conduct monetary policy so as to ensure that the recovery of economic growth continues and consumer price inflation approaches the target level over a medium-term horizon, while paying attention to financial stability," the bank said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 14, 2016, 06:01:27 am
China Pledges to Defend South China Sea Control

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China pledged it would take all needed actions in order to uphold its authority over the South China Sea and declared its entitlement to impose an air defense zone over the area, after vehemently rejecting the Permanent Court of Arbitration in the Hague's decision rebuking its claims to the disputed waters. The Chinese state media called the international court a “puppet” of outside forces following its ruling that China had violated the Philippine's sovereign rights by threatening its ships and intervening in its fishing zones and oil projects. Beijing promised to undertake all the needed measures to secure its territorial control and maritime rights according to a front-page report on the state's official People's Daily. The Philippines responded carefully to the decision released late Tuesday, calling for 'restraint and sobriety'. Presidential spokesperson Ernesto Abella reported that the mood at President Rodrigo Duterte's cabinet meeting held on Wednesday was “upbeat.”

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 15, 2016, 03:25:25 am
China GDP +6.7% On Year In Q2

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China's gross domestic product expanded 6.7 percent on year in the second quarter of 2016, the National Bureau of Statistics said on Friday. That was unchanged from the previous month, and it topped expectations for 6.6 percent. It was also the figure for the first half of the year. On a quarterly basis, GDP advanced 1.8 percent - exceeding forecasts for 1.6 percent following the upwardly revised 1.2 percent gain in the three months prior (originally 1.1 percent).

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 15, 2016, 04:48:43 am
Emerging company in Singapore is a potential digital landlord

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A rising company in Singapore is gambling $1.7 billion on dominating Asia's digital services for technology hubs providing cloud services in the region.

AirTrunk Pte is currently working on building data centers in Sydney and Melbourne, along with the growing demand for cloud computing services. The company, who plans to compete by offering lower prices, is also set to close deals in Singapore and Hong Kong.

AirTrunk prides in its new cooling and electricity delivery system as an edge against bigger corporations. It will be investing $1.23 billion in Australia in the coming months and $350 million next year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 16, 2016, 03:26:57 am
Americas Roundup:euro slips Against US Dollar After Strong U.s. Data,safe-Havens Gain on attempted Turkish Coup-July 16th,2016

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Market Roundup
• Key U.S. data shows strength, though U.Mich, Empire disappoint. •    U.S. June industrial output +0.6% vs expected +0.2%.
• U.S. June retail sales beat f/c, +0.6% vs expected +0.1%.
• U.S. core CPI in line at +0.2% m/m, +2.3% y/y.
• Bank of England's chief economist says UK needs prompt, muscular stimulus.
• Lockhart: Fed debate is sooner vs later, not hawks against doves
• Fed's Bullard sees upside risks to call for one rate hike in 2016
• Aug. 2 "reasonable" for Spain confidence debate on government -Deputy PM
• Bank of Italy cuts Italy's growth outlook following Brexit
 • U.S. 2016 budget deficit seen USD 600 billion, 16 billion less than earlier forecast-White House.
• Markets predict decades of inflation frustration. Looking Ahead - Economic Data (GMT) • New Zealand 22:45 CPI QQ  Q2 forecast 0.5%, 0.20%-previous
• New Zealand 22:45 CPI YY Q2  forecast 0.5%, 0.40%- previous
• China 1:30  China House Prices YY Jun   6.90%- previous   

Looking Ahead - Events, Other Releases (GMT)
•  No significant events

Currency Summaries

EUR/USD is likely to find support at 1.1000 levels and currently trading at 1.1045 levels. The pair has made session high at 1.1090 and hit lows at 1.1023 levels. Euro declined sharply against the dollar on Friday as upbeat U.S. data and on mounting worries that Turkey's armed forces had taken power in the country boosted dollar demand across the board. Reports of the coup attempt also stoked safe-haven bids for U.S. Treasury bonds, paring their earlier losses. U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, bolstering views that economic growth picked up in the second quarter. The Commerce Department said retail sales rose 0.6 percent last month after gaining 0.2 percent in May. Industrial output increased 0.6 percent last month, reversing May's 0.3 percent drop. Manufacturing output rose 0.4 percent amid broad increases in production, including a 5.9 percent surge in auto assembly. It was the third straight month of increases and lifted sales 2.7 percent from a year ago. The bullish data and a rally on Wall Street could allow the Federal Reserve to raise interest rates later this year, but much will depend on policymakers' assessment of the impact on the U.S. economy of Britain's June 23 vote to leave the European Union.

GBP/USD is supported in the range of 1.3100 levels and currently trading at 1.3201 levels. It reached session high at 1.3247 and hit low at 1.3130 levels. Sterling edged lower against the U.S. dollar on Friday as the currency pair was weighted down as upbeat U.S. data boosted the greenback across the board, and the Bank of England's chief economist said Britain needed "muscular" stimulus to boost the economy. In his first speech since Britain voted last month to leave the European Union, the BoE's Andrew Haldane said the central bank needed to come up with a "package of mutually-complementary monetary policy easing measures" in time for a rate-setting meeting on Aug. 4. The pound fell almost 1 U.S. cent after the speech, and continued to weaken throughout the day, as data showed U.S. retail sales rose more than expected in June, reinforcing the view that U.S. economic growth picked up in the second quarter. For the week, though, sterling was on track for its best performance in more than four months, with a more than 2 percent rise against the dollar, boosted by the BoE's surprise decision to keep interest rates unchanged.

USD/CAD is supported at 1.2860 levels and is trading at 1.2951 levels. It has made session high at 1.2986 and lows at 1.2860 levels. The Canadian dollar weakened against its U.S. counterpart on Friday, retreating from an earlier 10-day high as firm U.S. data supported the greenback and domestic manufacturing data disappointed. Canadian factory sales fell more than expected in May, sliding 1.0 percent from April on weakness in motor vehicles and some energy products. The U.S. dollar rose against a basket of major currencies after stronger than expected retail sales added to evidence that growth in the U.S. economy has regained momentum after a first-quarter lull. Still, the Canadian dollar advanced 0.8 percent for the week as a somewhat optimistic update on Wednesday from the Bank of Canada lowered expectations for an interest rate cut.

AUD/USD is supported around 0.7530 levels and currently trading at 0.7560levels. It hit session high at 0.7608 and made session lows at 0.7560 levels. The Australian dollar declined against US dollar on Friday after US economic data beat expectations, helping dollar recover some lost ground against the Aussie dollar. Data on Friday showed that U.S. consumer prices gained for a fourth straight month in June, while retail sales also rose more than expected. Earlier in the Asian session, Australian dollar surged to a 10-week high after a swath of Chinese economic data beat expectations. China’s economy grew 6.7 percent in the second quarter from a year earlier, soothing worries about a slowdown. The Australian dollar declined to $0.7560, from $0.7650 after the US data and further declined down after Turkey's armed forces said they had taken power in the country. The Reserve Bank of Australia (RBA) could well cut its 1.75 percent cash rate next month if inflation data due on July 27 prove to be as soft as many analysts suspect.

Equities Recap

The shares of European travel and leisure companies fell on Friday, weighing on the region's stock markets, after an attack in the French city of Nice that killed more than 80 people.

UK's benchmark FTSE 100 closed up by 0.2 percent, the pan-European FTSEurofirst 300 ended the day down by 0.25 percent, Germany's Dax ended down by 0.1 percent, France’s CAC finished the day up by 0.4 percent.

The Dow industrials ended at a record high on Friday and major indexes closed a third consecutive week of gains as upbeat economic data and the start of earnings season gave investors confidence.

Dow Jones closed up by 0.04 percent, S&P 500 ended down by 0.11 percent, Nasdaq finished the day down by 0.11 percent.

Treasuries Recap U.S.

Treasury prices trimmed losses in late U.S. trading on Friday as the Turkish military said it had taken power in the country, kindling safe-haven demand for low-risk assets on worries about a large shift in power in the Middle East.

Benchmark 10-year Treasury notes were 8/32 lower in price for a yield of 1.558 percent, up 3 basis points from late on Thursday.

Commodities Recap

Gold fell on Friday and was set for its first weekly loss since May on improving global risk sentiment and a stronger dollar after better-than-expected U.S. data.

Spot gold was down 0.5 percent at $1,327.91 an ounce by 2:48 p.m EDT (1848 GMT), while U.S. gold settled down 0.4 percent at $1,327.40 per ounce.

Oil prices rose slightly on Friday, ending the week higher, after data from top energy consumers the United States and China boosted the oil demand outlook.

Brent crude futures closed up 24 cents, or 0.5 percent, at $47.61. It slipped as much as 1.5 percent earlier to a session low of $46.65 and rose as high as $48.05.

U.S. West Texas Intermediate (WTI) futures settled up 27 cents, or 0.6 percent, at $45.95 a barrel. The intraday low was $45.05 and it touched a high of $46.31 during the session.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 18, 2016, 02:38:45 am
Fxwirepro: Nzd/usd Extends 4-Day Losing Streak, Bias Lower, Stay Short

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New Zealand CPI undershot expectations in Q2, increasing the odds of RBNZ rate cut in August.   
Data released today showed NZ consumer price index (CPI) rose at an annualized 0.4% pace in Q2, unchanged from Q1, but slightly lower than the estimate of 0.5%.   
The pair extended downside for the the fourth-day, hit session lows of 0.7068 before paring some losses to currently trade around 0.7090 levels.   
Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-breaks-below-20-DMA-at-07169-good-to-go-short-on-rallies-236426) has achieved TP1 and is approaching TP2.   
Recommend lowering trailing stop to 0.7170, and hold for targets. Techs are biased lower, bearish invalidation only above 0.72 levels.   
Immediate support and resistance are now located at 0.7060 (trendline) and 0.7166 (20-DMA).


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 18, 2016, 04:22:34 am
Boost in Turkey's Lira sends investors running back

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After failing to organize a coup, Turkey's Lira surged, reclaiming about a third of its loss as officials plan to limit Brexit's impact on the country by extensive liquidity and heightened support for the currency. The Lire rose by 1.6 percent to 2.9684 after its 4.6 decline on friday. The country is now starting to attract investors who predict a possible outflow from the country and sees potential in its rallying assets. In other news, Japan's yen continues to decline as it slipped 0.6 percent to 105.47 per dollar. US stocks, meanwhile, have advanced as S&P 500 index rose to 0.2 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 19, 2016, 03:46:36 am
Aud/usd falls Below 0.7570, weighed by Nzd/usd

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NZD/USD falls 1.15%, weighing on AUD/uSD ahead of RBA minutes AUD/USD briefly fall below 10-day MA at 0.7569
Next supprot at 38.2 fibonacci of 0.7505/.7675 move at 0.7535
RBA minutes out at 0.1:30 GMT

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 19, 2016, 03:49:08 am
Aud/usd falls Below 0.7570, weighed by Nzd/usd

(https://forex-images.instaforex.com/analysts/big_preview/dollar/13.jpg)

NZD/USD falls 1.15%, weighing on AUD/uSD ahead of RBA minutes AUD/USD briefly fall below 10-day MA at 0.7569
Next supprot at 38.2 fibonacci of 0.7505/.7675 move at 0.7535
RBA minutes out at 0.1:30 GMT

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 19, 2016, 04:37:51 am
China to Continue Building on Contested Islands

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China's navy chief Admiral Wu Shenli told his counterpart U.S. Chief of Naval Operations Admiral John Richardson during a meeting in Beijing that the communist nation would proceed with construction work on the contested South China Sea islands despite foreign objection, emphasizing China's rejection of the unfavorable ruling from the arbitration tribunal in the Hague.

Admiral Wu's statement on Monday came after the international tribunal court rebuked China's historic and economic claims over the majority of the South China Sea with the release of its July 12 decision, favoring the Philippines who brought the case with a legal victory.

The Chinese navy chief stated that they will not halt their construction activities on Nansha Islands, notwithstanding any nation or individual that express their opposition. He defended the construction as 'justified and lawful' and cautioned that undertakings to pressure China will only have the opposite results, according to reports of Xinhua News Agency.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 20, 2016, 04:28:32 am
Fxwirepro: Usd/krw Struggles to Break Key Resistance at 1142, Buy on Dips

(https://forex-images.instaforex.com/analysts/big_preview/buy/4.jpg)

USD/KRW is currently trading around 1140 levels.   
It made intraday high at 1143 and low at 1139 levels.   
Intraday bias remains bullish till the time pair holds key support at 1130 mark.       
A sustained break below 1128(October 2015 low) will tests key supports at 1121/1115/1101/1095/1078/1063 levels respectively.   
Alternatively, a daily close above 1142 will drag the parity higher towards key resistances at 1152, 1162, 1176, 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.   
In addition, South Korea’s Kospi was trading 0.25% lower at 2,011.08 points.
We prefer to take long position in USD/KRW only above 1142, stop loss 1128 and target 1152/ 1168 marks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 20, 2016, 05:11:38 am
Startup transactions in global decline

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Startup companies supported by venture capital continue to lie low in terms of deals, and are burdened further by economic concerns and increased funding.
Reasons behind this point to larger startups such as Snapchat and Uber Technologies accounted for majority of the funding. CB Insights chief executive also forecast that there would be no improvement in terms of deal activity in the next quarters and that large deals will create an impression that funding levels are healthy.
It was also reported that despite several emerging companies in the second quarter, there would still be more of them that will be acquired at a lower value.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 21, 2016, 02:58:26 am
Fxwirepro: Kiwi Depreciates Against Major Peers As Rbnz Signals more Easing

AUD/NZD is trading around 1.0706 marks.   
Pair made intraday high at 1.0731 and low at 1.0628 marks.   
Intraday bias remains bullish till the time pair holds key support at 1.0610 marks.     
On the top side, a sustained close above 1.0722 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.   
Alternatively, a sustained break below 1.0611 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.   
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.   RBNZ says a decline in the exchange rate is needed.   
RBNZ says outlook for inflation has weakened due to high exchange rate.   
RBNZ says likely further policy easing will be required. RSS feed

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 22, 2016, 03:04:54 am
Fxwirepro: South Korean Won Opens Onshore Trade at 1,137.5 Per Dollar, Faces Strong Support at 1128

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/5.jpg)

USD/KRW is currently trading around 1134 levels.   
It made intraday high at 1136 and low at 1133 levels. 
Intraday bias remains bearish till the time pair holds key resistance at 1142 mark.       
A sustained break below 1128(October 2015 low) will tests key supports at 1121/1115/1101/1095/1078/1063 levels respectively.   
Alternatively, a daily close above 1142 will drag the parity higher towards key resistances at 1152, 1162, 1176, 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.   
In addition, South Korea’s Kospi was trading 0.05% lower at 2,011.28 points.
We prefer to take short position in USD/KRW only below 1128, stop loss 1142 and target 1115/ 1101 marks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 22, 2016, 04:41:38 am
Dunkin’ Brands Shares Drop on Weak Growth, Soft Revenue

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Dunkin' Brands shares dropped by as much as 4% in early trading on Thursday following the company's announcement of weaker-than-predicted sales growth and headwinds in international markets. But the stock regained ground and recovered its losses and closed at a modestly lower level.

Same-store sales at overseas locations of the company's Baskin-Robbins and Dunkin' Donut brands in the second quarter was down 6.6% and 3.1% respectively. The results are significantly lower than analysts' forecasts.

Sales in the U.S. stores also did not meet Wall Street approximations. Dunkin' announced same-store sales rise of 0.5%, lower than the expected 0.9% growth. Baskin-Robbins rose by 0.6% but was anticipated to rise 3.4% by Wall Street.

But Dunkin' Brands income topped Wall Street predictions, reporting profit of 57 cents per share compared to an estimate of 56 cents per share, with its revenue at $216.3 million. Analysts predicted an average revenue of $220.2 million.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 25, 2016, 03:11:04 am
Fxwirepro: Singapore Dollar falls in Early Hours of Asia ahead of Cpi Data

(https://forex-images.instaforex.com/analysts/big_preview/singapore/6.jpg)

USD/SGD is currently trading around 1.3613 marks.   
It made intraday high at 1.3619 and low at 1.3573 levels.   Intraday bias remains bullish till the time pair holds key support at 1.3539 marks.    A daily close below 1.3539 will drag the parity down towards key supports at 1.3496/1.3420/1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.   
Alternatively, a sustained close above 1.3627 will tests key resistances at 1.3646, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).   
Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend. Current upside movement is short term trend correction only.   
Singapore will release CPI data at 0500 GMT.
We prefer to take long position in USD/SGD around 1.3602, stop loss 1.3539 and target 1.3740.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 25, 2016, 05:04:01 am
Dollar Extends Two-Week Advance Versus Yen

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The dollar continued its two-week rally versus the yen amid expectations that the Federal Reserve will keep rates unchanged while the Bank of Japan will further monetary stimulus at their respective policy meeting this week.

The dollar gained 0.3% to 106.43 yen as of 9:18 am in Tokyo trading. It advanced 1.2% last week, extending a 4.3% gain in the previous period. The greenback hit a six-week high of 107.49 yen on Thursday.

Economists in a Bloomberg survey are expecting the BoJ to ease this week. Meanwhile, analysts are expecting the Fed to keep rates unchanged but to be more positive about the US economic outlook given the suppressed impact from Brexit and the improvement of the US economic data.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 26, 2016, 04:19:21 am
Fxwirepro: Yen Gains in Early Hours of Asia on the Back of Higher Than expected Sppi Data

(https://forex-images.instaforex.com/analysts/big_preview/jpy/8.jpg)

USD/JPY is currently trading around 104.91 marks.   
It made intra-day high at 105.89 and low at 104.76 levels.   Intraday bias remains slightly bearish for the moment.   
A daily close above 106.12 will take the parity higher towards key resistances around 106.72, 107.49, 107.90 and 109.13 levels respectively.   
On the other side, a sustained break below 105.42 will drag the parity down towards key supports at 104.62, 103.97, 102.45, 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.   
Today Japan released SPPI data with positive numbers at 0.2% m/m vs 0.1% m/m consensus forecast.   
It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 26, 2016, 04:55:59 am
Asian Stocks Stumble Ahead of Central Bank Meetings

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Asian stocks fell after U.S. equities retreated from record highs ahead of policy meetings by the Bank of Japan and by the Federal Reserve this week.

The MSCI Asia Pacific index was down 0.2% to 133.90 as of 9:04 am in Tokyo trading. Japan's Topix index slid 0.7%, falling for a third consecutive day as the yen exchanged at 105.57 versus the dollar. South Korea's Kospi Index also dropped 0.2%. Futures on the FTSE China A50 Index were minimally changed in the latest trading, while the Hang Seng Index dropped lost 0.7%.

New Zealand's S&P/NZX 50 Index retreated by 0.1% following a record high on Monday while Australia's S&P/ASX 200 Index was down 0.2%.

The BOJ is highly expected to further stimulus after the policy meeting on July 29, while the Fed is predicted to keep interest rates unchanged on Wednesday, according to a Bloomberg poll of analysts.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 27, 2016, 03:02:09 am
Fxwirepro: Aussie Gains Against Major Peers ahead of Cpi Data

(https://forex-images.instaforex.com/analysts/big_preview/bull_and_bear/3.jpg)

AUD/NZD is currently trading around 1.0654 marks.   
Pair made intraday high at 1.0656 and low at 1.0623 marks.   Intraday bias remains bullish till the time pair holds key support at 1.0610 levels.   
On the top side, a sustained close above 1.0727 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.   
Alternatively, a sustained break below 1.0610 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.   
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
Australia will release CPI data at 0130 GMT. Markets anticipate a 0.4% Q/Q rise in the CPI for the June quarter vs -0.2% Q/Q previous release.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 27, 2016, 04:35:19 am
Twitter Shares Plunge on Weak Outlook, Slowing Revenue Growth

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Twitter announced that its revenue was up by only 20% to $602 million in the second quarter of the fiscal year, its smallest recorded gain and eight-consecutive period of contracting growth. The social-media company further cautioned that demand from advertisers that serve as its primary source of revenue, is weaker than predicted, dimming its outlook for the third quarter.

Twitter posted a net loss of $107.2 million or 15 cents a share against the loss of $136.7 million or 21 cents a share a year earlier. Twitter's shares plummeted by 11% to $16.39 in after-hours trading following the report, erasing gains from the prior month.

In a statement to shareholders, the social media firm has acknowledged that it is struggling to compete with other social media platforms, particularly in the advertising offerings. Twitter's CFO Anthony Noto stated in a interview that the company will venture into other areas of advertising budgets to increase demand and eventually boost revenues.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 28, 2016, 04:02:18 am
Fxwirepro: Usd/sgd Hovers Around 1.3500 Mark, Sustain a Break Below Targets 1.3420

(https://forex-images.instaforex.com/analysts/big_preview/dollar/9.jpg)

USD/SGD is currently trading around 1.3496 marks.   
It made intraday high at 1.3536 and low at 1.3478 levels.   
Intraday bias remains bearish till the time pair holds key resistance at 1.3537 marks.   
A daily close below 1.3496 will drag the parity down towards key supports at 1.3420/1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.   
Alternatively, a sustained close above 1.3537 will tests key resistances at 1.3638, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).   
Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend.
We prefer to take short position in USD/SGD only below 1.3480, stop loss 1.3537 and target 1.3420/1.3357.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 28, 2016, 04:47:38 am
Facebook Earnings Exceed Expectations

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Facebook reported earnings of $2 billion or 1.5 billion pounds in the second quarter of the year, up from $719 million in the same period last year.

Analysts had expected revenue of $5.8 billion, but the social media giant has surpassed even those high forecasts, posting $6.4 billion in revenue. Revenue has surged in all geographic zones, rising in Asia and Europe at 19% and 21% respectively.

Mobile advertising, which has been highly advocated by Facebook to businesses, composed 84% of Facebook's advertising revenue in the second quarter rising from 76% last year. The firm profited from an inflow of advertising money being redirected from television towards digital platforms. Facebook's number of monthly-active-users, an important gauge for advertisers, jumped by 15% to 1.71 billion as of the end of June 2016.

Shares of the company jumped 7% in after-hours trading.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 29, 2016, 01:33:25 am
Japan Industrial Output Jumps 1.9% In June

(https://forex-images.instaforex.com/analysts/big_preview/japan/3.jpg)

Industrial production in Japan was up 1.9 percent on month in June, the Ministry of Economy, Trade and Industry said on Friday.
That beat forecasts for a gain of 0.5 percent following the 2.6 percent decline in May.
On a yearly basis, output slipped 1.9 percent - also exceeding forecasts for -2.9 percent after easing 0.4 percent in the previous month.
Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it continues to fluctuate indecisively but shows signs of increasing in parts.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 29, 2016, 04:11:31 am
Microsoft to Axe 2, 850 More Jobs

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Microsoft plans to cut 2, 850 more jobs, adding to the formerly disclosed job cuts as it restructures its sales operation and shuts down its mobile phone hardware business division.

The software company announced the latest lay-off in a filing to the U.S. Securities and Exchange Commission on Thursday.

A spokesperson said that nine hundred of the job cuts in the global sales division have already been done. Microsoft is projecting the remaining 1, 950 cuts to be completed by 2017. Jobs in the sales organization and mobile phone division will be included in the cuts. The most recent cuts comes after the 1, 850 layoffs in the phone unit disclosed in May.

The job cuts are part of a reorganization that came after COO Kevin Turner's departure from Microsoft, leading to the restructuring of the sales group by Chief Executive Satya Nadella.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 01, 2016, 04:17:53 am
South Korea Manufacturing Sector Slows In July - Nikkei

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/5.jpg)

The manufacturing sector in South Korea continued to expand in July, albeit at a slower pace, the latest survey from Nikkei showed on Monday with a manufacturing PMI score of 50.1.

That's down from 50.5 in June, and it remains just barely above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, business conditions stagnated following the improvement in June.

Production was barely higher, although job growth picked up.

Total new business declined, but growth of new export work hit an 18-month high.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 01, 2016, 05:13:51 am
Sony Advances After Posting Unexpected Profit on PlayStation Games

(http://forex-images.mt5.com/prime_news/preview/579ec00f4a5e6.jpg)

Sony Corp. advanced the biggest in three weeks after its invigorated games division pushed the Japanese company to beat quarterly results forecast, justifying CEO Kazuo Hirai's shifted emphasis on media and entertainment.

Sony shares gained as much as 3.5% to 3, 397 yen, the biggest recorded jump on an intraday basis since July 11, bringing its gains for the year to a total of 13%.

The company reported a net income of 21.2 billion yen or $205 million in the second quarter, against the expectations of analysts of a 39-billion yen loss. Sony retained its projection of 80 billion yen annual profit.

It was the robust growth of the company's game division that boosted the firm's net income. Its impressive performance has helped investors look beyond the effect of the Kumamoto earthquakes that has closed down the main manufacturing site for components of its digital cameras. Sony also report an unexpected profits in its phone division, reflecting the company's efforts to cut down its mid-range line-up and its withdrawal from unprofitable markets.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 02, 2016, 02:34:37 am
Australia Building Approvals Slide 2.9% In June

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The total number of building approvals issued in Australia was down a seasonally adjusted 2.9 percent on month in June, the Australian Bureau of Statistics said on Tuesday - coming in at 18,693.

That was well shy of forecasts for an increase of 0.8 percent following the 5.2 percent contraction in May.

Individually, residential building approvals were down 3.4 percent on month, while non-residential approvals slid 2.4 percent.

On a yearly basis, building approvals sank 5.9 percent after sliding 9.1 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 02, 2016, 05:12:25 am
Williams Cos Plans on Being a Standalone Company and Invest $1.7 billion

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Energy company Williams Cos Inc (WMB.N) has set plans to become a standalone company and invest $1.7 billion to its limited partnership Williams Partners (WPZ.N) following the separation of its takeover that is beyond $20 billion by Energy Transfer Equity LP (ETE.N). Williams' shares have plunged to almost 60 percent for the last year as the company failed to compel Energy Transfer Equity to end its agreed-upon purchase.

On Monday, Williams had reported a second-quarter decline mainly because of a previous charge in relation to the approaching sale of its own operations in Canada. The company has stated that it expects to conclude the sale by this quarter with total proceeds worth beyond $1 billion dollars. A distribution reinvestment plan was also introduced which will allow the company along with its other investors in William Partners to refrain from payouts from the partnership in exchange for new units.

The majority shareholder of Williams Partners is Williams and with this new investment it could help reduce debt and be able to continue an investment-grade credit rating.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 03, 2016, 03:18:35 am
China Services PMI 51.7 In July - Caixin

(https://forex-images.instaforex.com/analysts/big_preview/china/6.jpg)

The services sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin showed on Wednesday with a services PMI score of 51.7.

That's down from 52.7 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Also, the composite index came in with a reading of 51.9, up from 50.3 in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 03, 2016, 05:19:05 am
Bitcoin Plunges After Hackers Steal $65 Million from HK Exchange

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Bitcoin prices plunged following the breach of one of the largest exchanges that halted trading after hackers stole around $65 million worth of the digital currency.

Bitcoin sagged 5.3% versus the dollar as of 10:17 a.m. in Tokyo Trading, adding up its two-day decline to 13%, with the currency almost down 20% this week. Prices were also down 6.2% on Monday, but it was not sure if the decline was linked to the breach.

Hong-Kong based Bitfinex stopped trading, deposits and withdrawals on Tuesday after recognizing the security breach. It stated that it was probing details and working with authorities, but also admitted that it was a large breach that some bitcoin were stolen from its users. Bitfinex stopped all trading activities in all digital currencies, including the ethereum, but assured participants that losses were restricted only to bitcoin.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 04, 2016, 03:33:43 am
Australia Retail Sales Rise Just 0.1% In June

(https://forex-images.instaforex.com/analysts/big_preview/australia/4.jpg)

The total value of retail sales in Australia was up a seasonally adjusted 0.1 percent on month in June, the Australian Bureau of Statistics said on Thursday - coming in at A$25.043 billion.

That was shy of expectations for a gain of 0.3 percent following the 0.2 percent gain in May.

For the second quarter of 2016, retail sales advanced 0.4 percent on quarter to A$72.682 billion.

That also was below expectations for 0.5 percent, which would have been unchanged from the three months prior.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 04, 2016, 04:11:44 am
MetLife Profit Fails to Hit Estimates on Weaker Underwriting

United States' biggest life insurer MetLife Inc. posted a quarterly profit that distinctly missed analysts' projections, mainly due to weaker underwriting and tax-related adjustment in two of its biggest markets. The company's net income plunged 94% to $64 million or 6 cents per share in the second quarter. Total operating earning in Americas also dropped 42% to $835 million, while Asian operating earnings descended 39% to $259 million. On an operating basis, the company earned 83 cents per share, below analysts estimates of $1.35. MetLife's earnings in the Americas were affected by weaker underwriting, while earnings from Japan were weighed down by the firm's decision to lower the sale of yen-denominated products and tax-related adjustments. The firm stated in January that it plans to split a significant portion of its U.S. Retail business due to the regulatory conditions.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 05, 2016, 03:05:49 am
Fxwirepro: Aussie Gains Against Major Peers After Rba’s Monetary Policy Statements

AUD/NZD is currently trading around 1.0641 marks.   
Pair made intraday high at 1.0647 and low at 1.0619 marks.   Intraday bias remains bullish till the time pair holds key support at 1.0623 levels.   
In addition, a sustained close above 1.0623 will drag the parity higher towards 1.0727/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.   
Alternatively, a sustained break below 1.0588 mark will take the parity down towards key supports around 1.0497, 1.0450, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.   Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.   
RBA: Underlying inflation to remain under 2 pct for much of forecast period, reach 2 pct by end 2018.   
RBA: Prospects for economy positive, but low inflation allows for "even stronger growth".   RBA says A$ remains significant source of uncertainty for inflation, growth forecasts.   
RBA forecasts underlying inflation 1.5 pct by end 2016, 1.5-2.5 pct end 2017, 1.5-2.5 pct end 2018.   
RBA forecasts GDP growth 2.5-3.5 pct end 2016, 2.5-3.5 pct end 2017, 3-4 pct end 2018.   
RBA says unemployment to fall only a little out to 2018, employment growth to be modest this year.   
RBA quarterly statement repeats policy easing to help foster growth, offers no forward guidance.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 05, 2016, 04:40:47 am
Bank of England Cuts Benchmark Interest Rate to 0.25 Percent

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The Bank of England lowered its benchmark rate to a historical low and revived a bond-buying scheme to help prop up the UK economy from the impact of the Brexit vote.

On Thursday, the bank announced an unexpectedly large stimulus package. First, the bank lowered its benchmark interest rate to 0.25% down from 0.5% and it sees further cuts toward zero in the following months. Second, it revived a U.K. government bonds purchasing program that has been halted since 2012, and added that it would start buying corporate bonds as well. A new term-funding program for banks was also announced, providing lenders with extremely cheap four-year loans to fund lending to households and enterprises. The rate cut was supported with a unanimous vote, while 3 voted against the bond purchasing scheme.

The bank also lowered its growth forecast for 2017 sharply, recording the largest downgrade since it started releasing such projections in 1993. It lowered its growth forecast for next year from 2.3% in May to 0.8% and pared off its 2018 projections from 2.3% to 1.8%

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 06, 2016, 07:18:23 am
Fitch Retains Austria's Rating At 'AA+'

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Fitch Ratings affirmed sovereign ratings of Austria at 'AA+' with stable outlooks late Friday.

The rating agency said the economic growth is expected to remain on a steady upward trend and average 1.6 percent in 2016-17 after four years of sluggish activity.

The underlying growth is forecast to pick up in 2017 as investment continues its steady recovery and net exports make a positive contribution to growth.

The fiscal deficit was better than expected in 2015 at 1.1 percent of GDP compared with a 1.9 percent target, Fitch said.

Further, the agency estimates Austria's fiscal policy to remain prudent, producing small primary general government surpluses during 2016-2018.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 08, 2016, 02:38:25 am
Japan Bank Lending +2.1% On Year In July

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Overall bank lending in Japan was up 2.1 percent on year in July, the Bank of Japan said on Monday - standing at 499.590 trillion yen.

That was above forecasts for 2.0 percent, which would have been unchanged from the June reading.

Excluding trusts, bank lending also added an annual 2.1 percent to 434.309 trillion yen. That also was above expectations for 2.0, which would have been unchanged.

Lending from trusts climbed 2.3 percent for the second straight month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 08, 2016, 04:13:36 am
Oil Prices Climb on Revived Output Restrain Talks by OPEC Members

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Oil prices advanced on Monday, elevating on reports of revived talks by some members of the Organization of the Petroleum Exporting Countries to curb output.

U.S. WTI crude oil futures climbed 0.5% from their last close, up by 21 cents at $42.01 per barrel while Brent crude futures were up 0.29% by 13 cents at $44.40 per barrel.

The increase in prices were brought on by the renewed calls by several OPEC members to halt production in an effort to restrain output that is persistently outpacing demand. OPEC members including Kuwait, Ecuador and Venezuela are perceived to be behind the renewed talks according to analysts. However, sentiment is continued to be weighed down by the increase in U.S. drilling with rigs operating in the country reported to be currently at its highest number since March.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 09, 2016, 02:26:33 am
China CPI +1.8% On Year In July

Consumer prices in China were up 1.8 percent on year in July, the National Bureau of Statistics said on Tuesday.

That was in line with expectations and down from 1.9 percent in June.

Prices for food jumped an annual 3.3 percent, while non-food prices added 1.4 percent.

The bureau also said that producer prices were down 1.7 percent on year - exceeding expectations for -2.0 percent after tumbling 2.6 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 09, 2016, 04:22:26 am
U.S. Stocks Retreat From Record Highs

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U.S. equities climbed down from record highs on Monday as losses in healthcare shares pared gains due to elevated oil prices and a strong performance by the U.S. jobs market in July.

The benchmark S&P 500 touched a record intraday high at the beginning of trading day before closing down at 0.09% at 2.180. 89 while the Dow Jones industrial average was down 0.08%, closing at 18, 529.29. The Nasdaq Composite fell 0.15% to 5, 213.14.

Seven out of the 10 key S&P indexes slid, with the healthcare group leading the losses. Bristol-Myers led the drop and fell for the second day, losing 4.71% following its statement on Friday that its lung-cancer treatment drug did not pass a vital late-stage study.

Meanwhile, the energy index advanced 1.22% with Exxon Mobil and Schlumberger climbing 1.18% and 1.6% respectively.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 10, 2016, 03:21:30 am
Australia Home Loans Add Just 1.2% In June

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The total number of dwelling commitments in Australia issued in June was up a seasonally adjusted 1.2 percent on month, the Australian Bureau of Statistics said on Wednesday - coming in at 57,247.

The headline figure was shy of estimates for an increase of 2.3 percent following the upwardly revised 0.8 percent contraction in May (originally -1.0 percent).

Investment lending climbed 3.2 percent to A$11.785 billion after rising 5.3 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 10, 2016, 04:19:37 am
Dollar Surges to One-Month High Amid Mixed Economic Data

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Following mixed U.K. economic data, the dollar has surged to its highest close since July 8 by 0.3 percent against the British pound. The WSJ Dollar Index has dropped to 0.3 percent with 86.63 while the dollar decreased against the Canadian dollar and the Japanese Yen.

A business survey from the U.K. has indicated that the like-for-like sales have grown by 1.1 percent in July however manufacturing data was lower-than-expected while trade gap is expanding. The dollar has prolonged declines against currencies of emerging markets which remain strong, implying that investors believe that the Fed will not raise rates in the upcoming term.

The dollar has reached its lowest level last seen in July 2015 when it was weak against the Brazilian real by 0.9 percent, down by 0.6 percent against the Mexican peso and fell by 1.1 percent against the South African rand.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 11, 2016, 01:49:33 am
Singapore GDP Climbs +2.1% On Year In Q2

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Singapore's gross domestic product expanded 2.1 percent on year in the second quarter of 2016, the Ministry of Trade and Industry said on Thursday - accelerating from the 1.8 percent gain in the three months prior.

On a quarterly annualized basis, the Singapore economy expanded 0.3 percent - up from 0.2 percent in the previous three months.

Upon the release of the data, the MTI narrowed its GDP forecast for 2016 to 1 to 2 percent from 1 to 3 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 11, 2016, 04:32:49 am
New Zealand’s Central Bank Slashes Interest Rates

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The Reserve Bank of New Zealand lowered interest rates to a new record low of 2 percent as it aims to combat the persistently low inflation and to cool down the strong New Zealand dollar.

The New Zealand central bank's decision to cut the key interest rate by 25 basis point was highly expected by analysts. But the move had a little effect on easing the kiwi dollar that rose 1.8 percent to a one-year record high of 73.36 U.S. cents on the reports of the rate cut. This is the second rate cut within the year after an unexpected rate cut in March.

RBNZ also indicated that additional easing with be launched based on their present projections and speculations in order to ensure that inflation rate will be near the middle of the targeted range.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 12, 2016, 02:39:10 am
Higher Open Tipped For Malaysia Stock Market

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The Malaysia stock market has tracked higher in back-to-back sessions, collecting more than 7 points or 0.4 percent along the way. The Kuala Lumpur Composite Index settled just beneath the 1,680-point plateau, and the market may extend its gains on Friday.

The global forecast for the Asian markets is upbeat thanks to solid earnings news and a rebound in the price of crude oil. The European and U.S. markets were up, and the Asian bourses figure to follow suit.

The KLCI finished modestly higher on Thursday following gains from the financial shares and plantations.

For the day, the index gained 5.77 points or 0.34 percent to finish at the daily high of 1,678.80 after trading as low as 1,670.63. Volume was 1.85 billion shares worth 1.66 billion ringgit.

Among the actives, MISC, Sime Darby, CIMB Group, Maybank, Public Bank, Aeon Credit and RCE Capital all finished higher.

The lead from Wall Street is positive as stocks moved higher on Thursday as the major averages reached new record closing highs.

The Dow added 117.86 points or 0.6 percent to 18,613.52, while the NASDAQ rose 23.81 points or 0.5 percent to 5,228.40 and the S&P 500 climbed 10.30 points or 0.5 percent to 2,185.79.

Stocks got an early lift from the retail sector after solid earnings news from Macy's (M), Kohl's (KSS) and Chinese e-commerce giant albalaha (BABA).

Additional support followed a rebound in the price of crude oil, which came after Saudi Arabia's Energy Minister said oil producing nations may discuss possible action to stabilize the market.

In economic news, the Labor Department reported that initial jobless claims edged slightly lower in the week ended August 6 - as well as an unexpected uptick in import prices in July.

Closer to home, Malaysia will release Q2 figures for GDP and current account later today. In the previous three months, GDP was up 1.0 percent on quarter and 4.2 percent on year, while the current account surplus was 5.04 billion ringgit.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 12, 2016, 04:39:33 am
Wall St. Lenders Ask Fed Five Years Extension of Conformance Period for Volcker Rule

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According to sources, large Wall Street banks are requesting five more years of grace period from the U.S. Federal Reserve to comply with the Volcker rule, a financial reform regulation. The additional grace period comes after three one-year extensions and is set to begin in 2017 and end in 2022.

The extension would give them more time to sell-off fund investments that are hard to sell and will be deemed illegal by the law. Banks can ask for additional five-year extension to depart with illiquid funds under the law on Volcker rule implementation.

Banks asking for the extension includes Morgan Stanley, JPMorgan, Goldman Sachs and other banks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 15, 2016, 01:28:56 am
New Zealand Services Sector Slows In July

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The services sector in New Zealand continued to expand in July, albeit at a slower pace, the latest survey from Business NZ revealed on Monday with a Performance of Services Index score of 54.2.

That's down from the downwardly revised 56.4 (originally 56.7).

It remains well above the boom-or-bust line of 50 that separates expansion from contraction.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 15, 2016, 04:38:31 am
Oil Prices Edge Up on Potential OPEC Production Freezes

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Oil prices climbed on Monday on growing speculation that OPEC will take steps to prop up prices in the oversupplied oil market.

Brent crude oil futures traded at $47.13 per barrel, up 16 from their last close while U.S. W.T.I. crude futures climbed by 18 cents at $44.67 a barrel.

Oil prices advanced on heightening speculation of possible freezes in oil production by OPEC members as Saudi Arabia indicated that it is set to talk about steadying the markets at the informal OPEC meeting on September.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 16, 2016, 03:12:40 am
Australia New Motor Vehicle Sales Slip 1.3% In July

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The total number of new motor vehicle sales in Australia was down a seasonally adjusted 1.3 percent on month in July, the Australian Bureau of Statistics said on Tuesday, coming in at 98,062.

That follows the upwardly revised 3.5 percent increase in June (originally 3.1 percent).

Individually, sales for passenger vehicles added 0.4 percent on month and sales for other vehicles fell 0.4 percent. Sales for sports utility vehicles were flat.

On a yearly basis, new motor vehicle sales were up 1.6 percent after climbing an upwardly revised 2.3 percent in the previous month (originally 2.1 percent).

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 16, 2016, 04:49:23 am
Gold Increases Due to Weak Dollar and Economic Data from Japan

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Gold prices increased as the weak U.S. dollar and the poor economic data from Asia aided in reversing early losses. Gold for December delivery closed by 0.3 percent with $1,347.50 per troy ounce on the Comex division of the New York Mercantile Exchange.

The data which has shown that Japan's economy has stalled during the second quarter by expanding by an annualized 0.2 percent also supported the precious metal according to ETF Securities' commodities strategist Nitesh Shah. Gold is seen as a haven from currency weakness and inflation and so loose monetary policy will likely increase the demand for the precious metal.

Gold had momentarily increased above $1,360 on Friday following the reporting of the weak U.S. retail sales figures, and had settled lower.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 18, 2016, 02:59:36 am
Australia Jobless Rate Falls To 5.7% In July

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The unemployment rate in Australia was a seasonally adjusted 5.7 percent in July, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 5.8 percent, which would have been unchanged from the June reading.

The Australian economy added 26,200 jobs in July, blowing past expectations for a gain of 10,000 jobs following the increase of 7,900 jobs in the previous month.

The participation rate came in at 64.9 percent - unchanged and in line with expectations.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 18, 2016, 05:16:32 am
Several FOMC Policymakers Suggest Interest Rate Hike Needed Soon - Fed Minutes

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Federal Reserve officials have kept their choices open during the July policy meeting, as some members expect that an increase in U.S. interest rates is needed again soon. According to the Fed's meeting, the consensus is that further data is needed before making a final decision with some officials expecting that economic conditions would soon justify extracting policy accommodation.

The meeting has shown that officials of the U.S. Central Bank's Federal Open Market Committee were mostly upbeat regarding the U.S. economic outlook as well as the labor market, however several claim that a slowdown in the pace of hiring for the future may argue against a near-term hike. The broader group of policymakers have conveyed their concern regarding low interest rates as it could affect financial stability.

Major U.S. stock averages closed flat, which was slightly higher prior to the Fed minutes' publication while the U.S. dollar reached a session low against the yen at around 100.15 yen. Yields were pushed lower as longer-dated U.S. Treasury prices surged to session highs.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 19, 2016, 03:45:12 am
Fxwirepro: Usd/sgd Exhibits Range Bound Movement, Intraday Bias Remains Neutral

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USD/SGD is currently trading around 1.3415 marks.   
It made intraday high at 1.3419 and low at 1.3383 levels.   Intraday bias remains neutral till the time pair holds key resistance at 1.3475 marks.   
A daily close below 1.3391 will drag the parity down towards key supports at 1.3347/1.3313/1.3302/ 1.3271 levels.   Alternatively, a sustained close above 1.3475 will test key resistances at 1.3537, 1.3638, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).   
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.   
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 19, 2016, 05:01:09 am
Gold Ends Four-Day Winning Streak on Fed Official Comment

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Gold prices declined, ending its four-day gain streak while the dollar regained its strength as a hawkish stance from San Francisco Fed President John Williams revived expectations of a U.S. central bank rate increase.

Spot gold lost 0.3% and traded at $1, 348,26 while U.S. gold fell by 0.3% at $1,1353.50. Meanwhile, the index of the dollar versus its major peers gained 0.2% at 94. 296.

Williams indicated his support for a rate hike in his comments on Thursday, stating that waiting too long can have dire consequences for the economy.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 22, 2016, 03:43:01 am
Fxwirepro: Usd/krw Hits Fresh 4-Week High at 1,123- Stay Bullish

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USD/KRW is currently trading around 1,122 levels.   
It made intraday high at 1,124 and low at 1,121 levels.   Intraday bias remains bullish till the time pair holds key support at 1,107 levels.   
A sustained close below 1,107 will test key supports at 1,092/1,078/1,063/1044 levels respectively.   
Alternatively, current up trend will drag the parity higher towards key resistances at 1,124, 1,138, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   
In addition, South Korea’s Kospi was trading around 0.48 percent lower at 2,046 points.   
South Korea August 1-20 exports -0.3 pct y/y, imports -0.7 pct y/y -customs agency.
We prefer to take long position in USD/KRW around 1,120 with stop loss at 1,092 and target of 1,142/1,152.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 22, 2016, 04:52:26 am
Stanley Fischer Indicates 2016 Rate Increase as U.S. Economy Nears Fed Goal

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Stanley Fischer, the Federal Reserve's Vice Chairman has indicated that a 2016 increase in interest rates is under consideration, further stating that the U.S. economy is near in reaching the central bank's goal with further growth. GDP is expected to grow in the upcoming quarters, with investment regaining its momentum and the dollar appreciation predicted to lessen.

Investors are currently looking for indicators from central bankers regarding the time of the potential rate hike amidst stable economic growth, firm job gains and the steady increase in inflation. Fischer claims that the central bank's approved price benchmark, minus energy and food costs is at 1.6 percent, as most Federal Reserve officials predict that inflation would rise to a two percent target rate. During his speech, he noted the slowdown in worker output or productivity and that it had increased to 1.25 percent per year on average from 2006 to 2015 in comparison to 1949 to 2005's 2.5 percent.

Fed officials have increased the benchmark lending rate to in between 0.25 to 0.5 percent by December. As stated in the prices of federal funds futures contracts, investors predict a 50-50 probability of a rate hike by the latter part of the year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 23, 2016, 02:23:43 am
Fitch: Indonesia's 2016 Car Sales to rise As Outlook Brightens

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Fitch Ratings believes Indonesia's car sales will increase between 3% and 5% in 2016, buoyed by new product launches, a more positive macroeconomic environment, increased liquidity and more relaxed financing terms.

Fitch believes the country's domestic car sales will reach about 1.05 million units this year. Car sales in the first seven months of 2016 rose 2% yoy to 594,514 units, according to the Indonesian Automotive Industry Association (Gaikindo). PT Toyota Astra Motor (TAM) continues to lead with a 52% market share through leading brands Toyota and Daihatsu; the low-cost-green-car (LCGC) segment is also gaining momentum, and contributed 18% to total car sales in 7M16. Gaikindo forecasts car sales will rise by at least 5% this year.

This year, TAM has introduced the new version of its SUV product - Toyota Fortuner - and launched a new product - Toyota Sienta, which is a seven-seater multi-purpose vehicle (MPV) that will compete with the Honda Freed. Recently, TAM and PT Astra Daihatsu Motor also introduced the Toyota Calya and Daihatsu Sigra, respectively. The Toyota Calya and Daihatsu Sigra are both seven-seater LCGCs that target the low-cost segment; both are in the price range of IDR110m-150m.

Fitch believes Indonesia will maintain GDP growth of 5.1% yoy in 2016, supported by monetary policy easing, government programmes to accelerate infrastructure spending, and a tax amnesty plan. The government expects GDP to grow by 5.3% in 2016, compared with 2015 GDP growth of 4.8%.

The tax amnesty programme should bolster government revenue and allow for increased public capex, in Fitch's view, while the repatriated funds should boost liquidity in Indonesia. Bank Indonesia (BI) has cut its reference rate by a total of 100bp since the end of last year to 6.50% in July 2016 (along with cuts in the reserve requirement ration). BI is also in discussions to further relax the loan-to-value ratios for auto financing. This, along with lower interest rates, would support auto-loans financing; about two-thirds of car purchases in Indonesia are made using car loans.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 23, 2016, 04:28:13 am
Baltic Exchange Board and SGX Agrees on Bid for London Firm

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Singapore Exchange and the Baltic Exchange announced on Monday that they have agreed on SGX's bid of 160.41 pounds per share and 19.30 pounds per share as a final dividend, higher than the initial 18.80 pounds per share dividend extended two weeks prior. The deal puts the market value of the London exchange firm at around 87 million pounds.

SGX looks to grow its presence in Europe through its acquisition of the Baltic Exchange. The takeover is part of SGX's ambition to further delve into the market for shipping finance with the Baltic's membership that is dominated by European shipowners.

The deal is seen to be completed by November if a vote of shareholders backs the takeover.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 24, 2016, 02:05:41 am
New Zealand Has NZ$433 Million Trade Deficit In July

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New Zealand posted a merchandise trade deficit of NZ$433 million in July, Statistics New Zealand said on Wednesday - or 11 percent of exports.

The headline figure missed forecasts for a shortfall of NZ$325 million following the downwardly revised surplus of NZ$110 million in June (originally NZ$127 million).

Exports were worth NZ$3.96 billion, shy of expectations for NZ$4.07 billion and down from NZ$4.26 billion in the previous month.

Meat and edible offal led the fall in exports, down NZ$97 million (19 percent).

Milk powder fell NZ$118 million (23 percent) while the quantity rose 0.9 percent.

Fruit fell NZ$17 million (5.7 percent) while the quantity rose 3.9 percent.

Australia was the only top export destination to rise in value, up NZ$37 million.

"The meat export falls this month are partly due to record meat exports this time last year," international statistics senior manager Jason Attewell said. "Meat values in July 2015, off the back of a record high meat season, were 31 percent higher than the average value for the previous five July months."

Imports came in at NZ$4.40 billion versus forecasts for NZ$4.45 billion and up from NZ$4.13 billion a month earlier.

Intermediate goods led the fall in imports, down NZ$296 million (15 percent) due to crude oil.

Consumption goods fell in value for the first time in 23 months, down NZ$114 million (9.6 percent).

The only top import partner to rise in value was the United States, up NZ$83 million.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 24, 2016, 04:41:56 am
Qantas Profit Soars to A$1.53 billion and Pays First Dividend

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Qantas Airways Ltd.'s Chief Executive Officer Alan Joyce's turnaround program has produced a record annual profit as the airline has announced its first dividend since 2009 and has given bonuses to its 25,000 employees. According to a Wednesday filing, Australia's flag carrier airline is going to pay a final dividend of seven Australian cents per share and buy back almost A$366 million ($279 million) worth of stocks. During the 12 months that ended on June 30, earnings before tax and one-time items soared by 57 percent into A$1.53 billion.

The A$2 billion transformation program includes thousands of jobs that were cut, aircraft orders that were delayed and unprofitable routes which were pulled out. According to Joyce, the three-year plan is on the track to exceeding the initial target. Qantas has been doing well as shares have increased by 4.1 percent to A$3.54 with the stock nearly tripling ever since Joyce has announced the program. In the past year, Qantas has delivered two one-off capital returns which produces an overall of beyond A$1 billion.

The airline's domestic business underlying operating profit has jumped by 20 percent to A$578 million and has significantly surged by 92 percent with A$512 million on its international unit.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 25, 2016, 02:32:00 am
Japan Producer Prices Jump 0.4% In July

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Producer prices in Japan were up 0.4 percent on year in July, the Bank of Japan said on Thursday.

That beat expectations for an increase of 0.1 percent following the 0.2 percent gain in June.

On a monthly basis, process also jumped 0.4 percent following the flat reading in the previous month.

Among the individual components, prices increased for advertising, communications and leasing - while they were down for transportation and postal activities.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 25, 2016, 04:43:08 am
Brazil Senate approves amendment of revenue appropriation

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Brazil's Senate approved a constitutional amendment in which the government can readily use up to 30% of tax revenues which would have been allocated for other expenditures.

Called the DRU, this will help the Brazilian government ensure that their expenses is in check as it aims to curb its fiscal deficit in the future.

The legislation, which was passed faster than estimated, had voided in 2015 and will not be prolonged until 2023. President Michel Temer pledged to resolve the fiscal deficit in the country.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 26, 2016, 01:19:20 am
Overall Japan Inflation Slides 0.4% In July

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Consumer prices in Japan slipped 0.4 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday - matching expectations and unchanged from June's annual reading.

Core CPI, which excludes volatile food costs, slid 0.5 percent on year - missing forecasts for -0.4 percent, which would have been unchanged.

Among the individual components, fuel costs were down 7.7 percent on year, followed by communications (-2.6 percent), furniture (-0.8 percent) and housing (-0.1 percent).

Clothing prices jumped an annual 2.4 percent, followed by education (1.6 percent), food (1.1 percent), medical care (0.9 percent) and recreation (0.8 percent).

On a monthly basis, overall inflation and core CPI both dipped 0.2 percent.

Among the individual components, clothing prices skidded 2.6 percent on month, followed by fuel and furniture (both -0.8 percent), and food and recreation (both -0.1 percent).

Communications and recreation costs gained 0.1 percent, while housing, education and medical care all were flat.

Overall inflation in Tokyo, considered a leading indicator for the nationwide trend, slipped 0.5 percent on year in August. That missed expectations for 0.4 percent, which would have been unchanged.

Core CPI in August was down an annual 0.4 percent - matching expectations and the same as in the previous month.

Among the individual components, fuel costs were down 9.7 percent on year, followed by communications (-1.4 percent), furniture (-1.9 percent) and housing (-0.5 percent).

Clothing prices jumped an annual 2.4 percent, followed by recreation (0.9 percent), education and medical care (both 0.8 percent) and food (0.4 percent).

On a monthly basis, both overall and core inflation advanced 0.1 percent.

Individually, recreation costs gained 1.7 percent on month, followed by communications (0.5 percent).

Fuel prices slid 1.5 percent, while clothing prices fell 1.2 percent and food dipped 0.2 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 26, 2016, 04:59:30 am
Italy Declares State of Emergency as Earthquake Death Toll Hits 250

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Italy's government declared a state of emergency in the areas hit hardest by the massive earthquake on Wednesday. The 6.2 magnitude quake struck in the early hours of Wednesday in central Italy, severely damaging several towns.

At the minimum, 250 people have died from the disaster while 365 other people were injured. Rescue teams have continued to work through the rubble of destroyed buildings for a second night, but hopes of finding more survivors are dimming.

Prime Minister Matteo Renzi has pledged 42 million pounds in funds for rehabilitation of the affected areas. Aside from the funds, the Italian premier has scrapped taxes for locals in the disaster zones. He also announced a new measure called “Italian Homes” to address the criticism of the Italian media over poor-quality home construction, but he also stated that it was ridiculous to think that the nation could establish full quake-proof establishments.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 30, 2016, 02:44:32 am
Australia Building Permits Surge 11.3% In July

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The total number of building permits issued in Australia was up a seasonally adjusted 11.3 percent on month in July, the Australian Bureau of Statistics said on Tuesday - coming in at 20,987.

That beat forecasts for an increase of 1.1 percent following the 2.9 percent contraction in June.

On a yearly basis, building approvals climbed 3.1 percent versus expectations for a decline of 8.3 percent after slipping 5.9 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 30, 2016, 05:35:56 am
U.S. Dollar Increases as Traders Expect Interest Rate Hike

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The U.S. dollar has reached its highest level in three weeks which follows expectations regarding the Federal Reserve interest rate hike which could happen as soon as September. Traders are looking for indicators which show that the dollar may rise even further against the yen, euro and other emerging-market currencies.

The Wall Street Journal Dollar Index decreased by four percent in the year to date. According to U.S. Commodity Futures Trading Commission and Scotiabank data, bets regarding a stronger dollar was at $7.18 billion. Federal Reserve Chair Janet Yellen and Vice Chairman Stanley Fischer have both stated that the current economy was strong enough for an increase in the federal-funds in 2016. The comments drove the largest one-day rally in two months in the WSJ Dollar index.

According to CME Group data, most traders expect an increase of rates done only once in the following year while Fed-funds futures have shown that they only see a 30% chance of an increase twice by next July.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 31, 2016, 02:04:04 am
Japan Industrial Production Unchanged In July

(https://forex-images.instaforex.com/analysts/big_preview/industrial_production/2.jpg)

Industrial output in Japan was flat on month in July, the Ministry of Economy, Trade and Industry said on Wednesday.

That missed forecasts for an increase of 0.7 percent following the 2.3 percent jump in June.

On a yearly basis, industrial production fell 3.8 percent - also missing forecasts for a decline of 3.0 percent following the 1.5 percent drop in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it continues to fluctuate indecisively but shows signs of increasing in parts.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on August 31, 2016, 04:18:51 am
Dollar Climbs to One-Month High while Investors Weigh on Fed Rate Hike

(http://forex-images.mt5.com/prime_news/preview/57c646e733bee.jpg)

The U.S. dollar increased to a one-month high against a basket of currencies while investors carry on by assessing the next increase in interest rates. The WSJ Dollar Index increased by 0.6 percent to 87.06 bound to its highest closing level since July 28.

The dollar increased by 1.1 percent against the Japanese yen to ¥103.05. The euro slipped by 0.4 percent to $1.1143. According to CME Group data, investors currently see a 27 percent likelihood of a Federal Reserve rate increase in September as well as a 55 percent likelihood in December. A gauge of U.S. consumer confidence during August increased to its highest level in almost a year as a different report has shown that consumer spending was also up for the fourth consecutive month in July.

The dollar was higher against emerging market-currencies. The dollar climbed against the Mexican peso by 0.8 percent and also increased against the South African rand by 0.6 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 01, 2016, 03:35:59 am
Indonesia Manufacturing Sector Moves To Expansion - Nikkei

(https://forex-images.instaforex.com/analysts/big_preview/nikkei/6.jpg)

The manufacturing sector in Indonesia turned to expansion in August, the latest survey from Nikkei showed on Thursday with a manufacturing PMI score of 50.4.

That's up from 48.4 in July, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was a rebound in order book, which fueled the mild increase in output.

Manufacturers lowered their selling prices, in spite of rising costs. Buying levels increase, although employment fell.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 01, 2016, 04:32:46 am
British Government to Proceed with Brexit

(http://forex-images.mt5.com/prime_news/preview/57c7a41c9c1ff.jpg)

U.K.'s government will reportedly “push ahead” to set off Brexit despite the absence of Parliamentary approval, according to Downing Street.

Following a meeting of Prime Minister Theresa May's cabinet at Chequers, a statement released said ministers reach an agreement regarding the need for a distinct deal for the United Kingdom. This involved controls on European Union migration and a “positive outcome” on trading, Downing Street reported. May told cabinet members Britain would not remain in the EU in an unofficial way.

May reiterated that official negotiations with the rest of the European Union members regarding the Brexit will not start this year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 02, 2016, 03:48:02 am
Fxwirepro: South Korean Won Almost Flat Against Usd Despite Higher Than expected Gdp Data

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/5.jpg)

USD/KRW is currently trading around 1,118 levels.   It made intraday high at 1,119.30 and low at 1,118.40 marks.   Intraday bias remains neutral till the time pair holds key support at 1,107 levels.   
A sustained close below 1,107 will test key supports at 1,092/1,078/1,063/1044 levels respectively.   
Alternatively, a daily close above 1,128 will drag the parity higher towards key resistances at 1,128, 1,138, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   
In addition, South Korea’s Kospi was trading around 0.05 percent lower at 2,032.32 points.   
South Korea’s Q2 GDP growth increases to 0.8 % vs previous 0.7 %.   South Korea’s Q2 GDP growth y/y increases to 3.3 % vs previous 3.2 %.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 02, 2016, 05:26:13 am
Stocks Ended Slightly Changed Ahead of Job’s Report

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Major U.S. stock indexes rose and then closed slightly changed prior to the job's report. The August job's data will be a significant indicator for the Federal Reserve official's decision regarding the interest-rate hike.

The decline of oil prices have pulled down energy shares, however stocks increased near the closing of the session.The S&P 500's energy sector slipped by 0.3 percent and shares of Chevron dropped to 37 cents or 0.3 percent to $100.21. The S&P 500's financial shares was down by 0.4 percent. The broader S&P 500 slightly changed by declining 0.004 percent to 2170.86. The Nasdaq Composite increased by 0.3 percent to 5227.21 while shares of technology jumped. The Dow Jones Industrial Average climbed by 0.1 percent to 18419.30. In the blue-chip index, Wal-Mart Stores drove gains surging by two percent to 72.84.

The Institute for Supply Management has announced that the manufacturing activity index was down to 49.4 in August.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 05, 2016, 04:14:42 am
Fxwirepro: Usd/krw Remains Well supported Below Key Resistance at 1,122, Consistent Break Above Targets 1,142

(http://forex-images.mt5.com/prime_news/preview/57c8f65d5a8b7.jpg)

USD/KRW is currently trading around 1,117 levels.
 
It made intraday high at 1,119 and low at 1,115 marks. 

Intraday bias remains neutral till the time pair holds key resistance at 1,122 levels.   

A daily close above 1,122 will drag the parity higher towards key resistances at 1,138, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   

On the other side, a sustained close below 1,107 will test key supports at 1,092/1,078/1,063/1044 levels respectively.   
In addition, South Korea’s Kospi was trading around 0.84 percent higher at 2,055.32 points.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 05, 2016, 05:04:50 am
Dollar Strengthens after U.S. Payroll Data

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The U.S. dollar strengthens following the disappointing U.S. employment growth figures for August which only slightly affected the perception of investors regarding the Federal Reserve's likelihood of increasing the interest rates in the following months. Nonfarm payrolls increased by 151,000 jobs in August, according to the U.S. Labor Department.

Average hourly wage earnings increased by 0.1 percent, which falls behind the 0.2 percent growth of market expectations. As the increase of the average payroll during the last three months tops 200,000, investors have then concluded that the jobs report would not be a severe impact to the Fed's plan to lift interest rates. U.S. fed funds futures price is at a 20 percent likelihood of a rate hike this September and a 60 percent odds by the end of the year.

The dollar's index against a basket of six major currencies .DXY=USD was buoyed as it immediately gained from its one-week low of 95.189 following the payroll data.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 06, 2016, 03:32:48 am
Australia Q2 Current Account Deficit A$15.535 Billion

(https://forex-images.instaforex.com/analysts/big_preview/australia/3.jpg)

Australia had a seasonally adjusted current account deficit of A$15.535 billion in the second quarter of 2016, the Australian Bureau of Statistics said on Tuesday.

That beat forecasts for a shortfall of A$20.0 billion following the upwardly revised A$14.9 billion in the previous three months (originally a deficit of A$20.8 billion).

New exports of GDP for the quarter was -0.2 percent - shy of expectations for a flat reading following the 1.1 percent increase in the three months prior.

The balance on goods and services was a surplus of A$10.797 billion, a decrease of A$999 million (8 percent) on the Q1 surplus of A$11.796 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 06, 2016, 05:24:37 am
Japanese Bond Yields Edge Back Toward Positive Returns

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Yields on the 30-year benchmark government bond were driven higher to their highest level since March by an increased sell-off in long-dated bonds on Monday. Meanwhile, 10-year Japanese government bond moved closer to positive territory once more.

JGB yields have been rising since the Bank of Japan announced it would conduct a comprehensive assessment of its massive and aggressive monetary policy that was adopted in 2013. Yields have also been rising on bets that the central bank will rein its buying of longer-dated government debt. Yields of 30-year Japanese bond rose for the seventh day in a row to a five-month peak of 0.53% on Monday.

Yield on the 10-year Japanese bond, albeit muted, rose for the fourth straight day by 1 basis point to - 0.02% on Monday, rising close to positive yield territory.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 08, 2016, 04:14:53 am
Fxwirepro: Usd/jpy Recovery Not Convincing, Holds Above 20-Dma Support, But Bias Still Lower

(https://forex-images.instaforex.com/analysts/big_preview/up_market/2.jpg)

USD/JPY managed to erase losses from lows of 101.20, but upside seems to be losing traction.   

Likelihood of another BoJ disappointment at the Sept 21 meet is rising, putting upside risk to the near-term path for JPY.

Technicals still paint a bearish picture, indicators point south.   The major is managing to hold above 20-DMA support currently at 101.52, but momentum signals have turned, and the RSI is now below 50.   
USDJPY is attempting a clear break below the 20-DMA, which then see scope for test of 98.90 (trendline).   

Major support levels - 101.52 (20-DMA), 101, 100.75 (Aug 3 low), 101.41 (23.6% Fib), 99.54 (Aug 16 low)   

Major resistance levels - 102, 102.12 (Sept 7 high), 102.58 (38.2% Fib), 102.62 (50-DMA) ​

Recommendation: Good to short decisive break below 20-DMA, target: 101/ 100.75/ 99.55/ 99

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 08, 2016, 05:37:52 am
Wall Street Slightly Changed as Investors Assess U.S. Interest Rate Outlook

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U.S. stocks closed slightly changed, however the Nasdaq extended gains, while investors continue to assess the outlook of U.S. interest rates. The Fed has stated in its Beige Book report of anecdotal information that the economy of the U.S. has expanded at a subdued rate during July and August.

The Dow Jones Industrial Average decreased by 0.06 percent, the S&P 500 decreased by 0.02 percent while the Nasdaq Composite gained by 0.15 percent, a record high close. Unsatisfactory predictions from Sprouts Farmers Markets pulled down grocers. Shares of Sprouts dropped by 13.7 percent at $19.68, shares of Whole Foods edged down by 5.3 percent to $29.08 while shares of Kroger fell by 4.1 percent to $31.32. Apple shares increased by 0.6 percent at $108.36. Chipotle Mexican Grill has increased by 5.9 percent.

U.S. airline stocks rose following Delta Air's report that sales trends have improved and Southwest has stated it would slow its rapid growth of flights in 2017. Stocks of Delta increased by 5.6 percent and Southwest rose by 4.7 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 09, 2016, 02:51:11 am
Australia Home Loans Slide 4.2% In July

(https://forex-images.instaforex.com/analysts/big_preview/australia/6.jpg)

The total number of home loans in Australia was down a seasonally adjusted 4.2 percent on month in July, the Australian Bureau of Statistics said on Friday - standing at 55,010.

That missed forecasts for a decline of 1.5 percent following the 1.2 percent increase in June.

Investment lending added 0.5 percent to A$11.842 billion, slowing from 3.2 percent in the previous month.

The value of loans slipped 3.1 percent to A$19.946 billion after rising 1.8 percent a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 09, 2016, 04:19:11 am
Gold Declines as Dollar Firms

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Gold prices dropped as the U.S. dollar firms while interest rates were left unchanged by the European Central Bank. The ECB's decision started a selling in government bonds and an increase in yields, that has placed pressure on prices of gold, according to BMO Capital Market's Tai Wong.

On the Comex division of the New York Mercantile Exchange, gold for December delivery settled down by 0.6 percent at $1,341.60 per troy ounce. The decline indicated the precious metal's second successive day of losses.

The WSJ Dollar Index increased by 0.3 percent at 86.13.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 13, 2016, 03:46:53 am
China Industrial Production Expands 6.3% In August

(https://forex-images.instaforex.com/analysts/big_preview/industrial_production/5.jpg)

Industrial production in China climbed 6.3 percent on year in August, the National Bureau of Statistics said on Tuesday - beating forecasts for a gain of 6.2 percent and up from 6.0 percent in July.

On a monthly basis, output expanded 0.5 percent.

The bureau also said that retail sales advanced an annual 10.6 percent - again exceeding expectations for 10.2 percent, which would have been unchanged from the previous month.

Fixed asset investment gained 8.1 percent on year, beating forecasts for 7/9 percent and unchanged from the July reading.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 13, 2016, 04:38:32 am
Dollar Declines on Fed Official Brainard’s Comment on September Rate Hike

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The U.S. dollar declined against a basket of major currencies following a statement from a Federal Reserve official regarding reduced bets on the central bank's interest rate hike in September which also implied a dovish stance. According to Fed board governor Lael Brainard, the fed should not increase rates too quickly since the current rates are propping up the economy.

The dollar index was previously down by 0.22 percent at 95.126. The index significantly declined after the release of Brainard's comments to a session low of 94.935, which reversed the movement minutes later, however has retraced much of the losses. The September fed funds contract FFU6 increased by 1.0 basis point after Brainard's comments.

The dollar declined against the Japanese currency by 0.83 percent at 101.83 yen. However, it reversed previous gains against various emerging market and commodity currencies following statements from Brainard, which includes the Aussie dollar, Russian rouble, and the Brazilian real. The euro previously increased against the dollar at $1.1235.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 14, 2016, 04:35:30 am
Fxwirepro: Usd/sgd Hits Fresh 3-Month High at 1.3685, Bias Remains Bullish

(https://forex-images.instaforex.com/analysts/big_preview/bull/1.jpg)

USD/SGD is currently trading around 1.3664 marks. 
 
It made intraday high at 1.3681 and low at 1.3658 levels.   

Intraday bias remains bullish till the time pair holds key support at 1.3605 marks. 
 
A sustained close above 1.3660 will test key resistances at 1.3732, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).   

On the other side, a daily close below 1.3605 will drag the parity down towards key supports at 1.3538/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/SGD only above 1.3685 with stop loss at 1.3605 and target of 1.3799.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 14, 2016, 05:35:08 am
U.S. Stocks Decline as Oil Drops

(http://forex-images.mt5.com/prime_news/preview/57d8d1b8c46ab.jpg)

U.S. stocks and oil have declined, which extends the session of volatility which started while investors focused on the central bank. The Dow Jones Industrial Average decreased by 1.4 percent to 18066.75.

The S&P 500 fell by 1.5 percent to 2127.02 while the Nasdaq Composite was down by 1.1 percent to 5155.25. The CBOE Volatility Index surged by 18 percent to 17.85, which is its highest level since June 28. The energy sector of the S&P 500 was down by 2.9 percent, as shares of Chesapeake Energy led declines, slipping by 8.3 percent to $7.38.

Speculations revolving around the possibility of the Federal Reserve increasing interest rates as soon as next week has contributed to the significant selloff in stocks, however concerns appeared to have lessen following three Fed officials who have stated that there was no hurry to move.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 15, 2016, 02:46:35 am
New Zealand GDP Gains 0.9% In Q2

(https://forex-images.instaforex.com/analysts/big_preview/new-zealand/4.jpg)

New Zealand's gross domestic product climbed 0.9 percent on quarter in the second quarter of 2016, Statistics New Zealand said on Thursday.

That missed forecasts for an increase of 1.1 percent and was unchanged from the upwardly revised 0.9 percent growth in the first quarter (originally 0.7 percent).

Individually, construction was up 5.0 percent, after a 5.1 percent increase in the previous quarter. All construction sub-industries increased.

On a yearly basis, GDP expanded 3.6 percent - matching expectations and up from 2.8 percent in the three months prior.

Household consumption expenditure was up 1.9 percent, driven by spending on services and durable goods.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 15, 2016, 05:22:19 am
Dollar Declines With Hike Rate Bets

(http://forex-images.mt5.com/prime_news/preview/57da24e1a375f.jpg)

The U.S. dollar declined while investors bet that an interest rate hike by the Federal Reserve in the coming months is unlikely. The Wall Street Journal Index decreased by 0.2 percent at 86.67.

Fed-funds futures has shown that traders and investors have assigned a 48 percent chance of an interest rate hike by December, according to the CME. Data has shown that the likelihood of an increase at the Sept.20-21 Fed meeting is at 15 percent. The dollar declined against the Japanese yen by 0.1 percent at 102.43 while the euro increased by 0.2 percent at 1.1248.

In emerging markets, the dollar increased by one percent to 19.27 against the Mexican peso and it declined by 0.4 percent to 65.15 against the Russian ruble.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 16, 2016, 04:05:31 am
Fxwirepro: Usd/sgd Hovers Around 1.36 Mark, Bias Remains Neutral

(http://forex-images.mt5.com/prime_news/preview/57db5ec960127.jpg)

The price of long-dated U.S. government bonds have dropped following a short respite, which highlights the uncertainty of investors in the middle of bond valuations and less support for monetary stimulus coming from other major central banks. The movement of prices was due to reports of retail sales and industrial production which drove expectations that an interest rate hike fromt the Federal Reserve by next week is unlikely.

Yield on the benchmark 10-year Treasury note was at 1.703 percent. The 10-year note's yield premium on the two-year note was at 0.965 percentage point. The premium investors declined to 0.75 percentage point during early July, which is the lowest since 2007. The 10-year Treasury yield on Thursday was below 2.273 percent which is the yield settled during the end of last year.

The yield on the two-year note declined to 0.738 percent in comparison to Wednesday's 0.758 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 16, 2016, 05:08:06 am
Oil Headed for Weekly Loss on Prospect of Oil Glut Persistence

(http://forex-images.mt5.com/prime_news/preview/57db707c781b4.jpg)

Oil is set for a weekly loss on outlook that a global crude will continue as halted supply production resumed and as demand expansion slumped.

Oil futures dropped by 0.6% in New York, adding up the weekly losses to 4.9%. Oil producers Libya and Nigeria, whose supplies have been cut back by local conflicts, are getting ready to bolster exports in the following weeks. The International Energy Agency said on Tuesday that the oil oversupply will persist as demand growth slows and as supply sustains its momentum.

U.S. W.T.I. dropped by 26 cents to $43.65 per barrel while the benchmark Brent dropped by as much as 0.8% to $46.23 per barrel.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 19, 2016, 04:01:54 am
Fxwirepro: South Korean Won Opens Onshore Trade at 1,125.5 Per U.s. Dollar, Consistent Break Above Targets 1,142

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/7.jpg)

USD/KRW is currently trading around 1,123 levels.   

It made intraday high at 1,125 and low at 1,107 marks. 
 
Intraday bias remains bearish till the time pair holds key resistance at 1,127 levels.   

A daily close above 1,127 will drag the parity higher towards key resistances at 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   

On the other side, a sustained close below 1,122 will test key supports at 1,107/1,090/1,078/1,063/1,044 levels respectively.
   In addition, South Korea’s Kospi was trading around 0.40 percent higher at 2,007.62 points.
We prefer to go short on USD/KRW around 1,125 with stop loss at 1,132 and target of 1,1


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 19, 2016, 05:26:03 am
Dollar Gains after U.S. Data Boosts Bets on Fed Rate Increase

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The U.S. dollar reached a two-week high against a basket of major currencies as U.S. consumer prices increased more than initially expected during August, which boosted expectations regarding a potential Federal Reserve interest rate hike this 2016. The dollar index last traded as high as 96.108, its strongest level since Sept. 1.

The data regarding the increase in U.S. consumer prices indicated a steady rise of inflation which makes the Fed eligible for a Fed rate hike this year. The core CPI was up by 2.3 percent in the 12 months until August. U.S. short-term interest rate futures are currently indicating a 55 percent likelihood of an interest rate hike by December, according to CME Group's FedWatch Tool.

The U.S. dollar against the Japanese yen eased by 0.1 percent to 102.20 yen while the euro was steady at $1.1160.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 20, 2016, 04:10:27 am
Australia House Prices Rise 2.0% In Q2

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House prices in Australia were up 2.0 percent on quarter in the second quarter of 2016, the Australian Bureau of Statistics said on Tuesday.

That missed forecasts for 3.0 percent following the 0.2 percent decline in the previous three months.

By region, capital city residential property price indexes rose in Sydney (+2.8 percent), Melbourne (+2.7 percent), Brisbane (+1.1 percent), Canberra (+2.2 percent), Adelaide (+0.8 percent) and Hobart (+0.7 percent) and fell in Perth (-1.2 percent) and Darwin (-2.4 percent).

On a yearly basis, house prices advanced 4.1 percent - also missing estimates for 5.2 percent and down from 6.8 percent in the three months prior.

Annually, residential property prices rose in Melbourne (+8.2 percent), Canberra (+6.0 percent), Hobart (+4.9 percent), Brisbane (+4.3 percent), Sydney (+3.6 percent) and Adelaide (+3.5 percent) and fell in Darwin (-6.5 percent) and Perth (-4.8 percent).

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 20, 2016, 04:42:26 am
Asian Stocks Flat while Traders Await Prior to Central Bank Meeting

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Asian stocks were flat while Japanese shares fluctuated prior to the policy meetings from the Bank of Japan and the Federal Reserve. The MSCI Asia Pacific Index declined by less than 0.1 percent.

Japan's Tokyo index increased by 0.1 percent while the yen traded at 101.87 against the dollar. Australia's S&P/ASX 200 Index was down by 0.1 percent while New Zealand's S&P/NZX 50 climbed by 0.2 percent. The South Korean Kospi index slipped by 0.2 percent. Futures on the FTSE A50 Index was down by 0.2 percent during the most current trading, as the Hang Seng Index jumped by 0.1 percent. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong gained by 1.6 percent. The Shanghai Composite Index climbed by 0.8 percent as the Hang Seng Index was up by 0.9 percent.

Uncertainty regarding the monetary policy has sparked volatility in global markets during the past two weeks, as traders were divided on what the BOJ's action would be in its review.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 22, 2016, 04:40:27 am
Fxwirepro: Usd/sgd Hits Fresh 2-Week Low at 1.3510, Consistent Break Below Targets 1.3462

(https://forex-images.instaforex.com/analysts/big_preview/dollar/9.jpg)

USD/SGD is currently trading around 1.3530 marks.
 
It made intraday high at 1.3546 and low at 1.3510 levels. 

Intraday bias remains bearish till the time pair holds key resistance at 1.3605 marks.   

A daily close below 1.3510 will drag the parity down towards key supports at 1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.   

Alternatively, a sustained close above 1.3605 will test key resistances at 1.3698, 1.3732, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).   

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to go short on USD/SGD only below 1.3510 with stop loss at 1.3605 and target of 1.3462/1.3391.

Read more: https://www.instaforex.com/forex-news/1979546-fxwirepro:_usdsgd_hits_fresh_2-week_low_at_13510_consistent_break.html

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 22, 2016, 05:12:28 am
Asian Stocks Rally After Fed

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Asian stocks rallied, South Korea's won firmed while regional bonds increased following the central banks' announcement. The MSCI Asia Pacific excluding Japan Index increased by 1.3 percent.

Producers of raw-materials were the largest gainers on the MSCI index of Asian shares outside of Japan. The won increased the most while the dollar held losses from the last session. Hong Kong Kong's Hang Seng Index gained by 1.4 percent while the Hang Seng China Enterprises Index climbed by 2.1 percent. New Zealand's 10-year bonds increased by one percent, pulling down the yield by 11 basis points to 2.50 percent.

Ten-year bond yields in Australia declined by 2.06 percent while the 10-year bond of South Korea was down 1.53 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 23, 2016, 04:10:04 am
Fxwirepro: South Korean Won Opens Onshore Trade at 1,103.1 Per Dollar, Faces Key Support at 1,101

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/6.jpg)

USD/KRW is currently trading around 1,105 levels.   

It made intraday high at 1,106 and low at 1,103 marks.   

Intraday bias remains bullish till the time pair holds key support at 1,101 levels.   

A daily close above 1,112 will drag the parity higher towards key resistances at 1,125, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   

On the other side, a sustained close below 1,101 will test key supports at 1,090/1,078/1,063/1,044 levels respectively. 
 
In addition, South Korea’s Kospi was trading around 0.17 percent higher at 2,053.52 points.   

South Korean won opens onshore trade at 1,103.1 per dollar vs 1,103.3 at previous close.
We prefer to go long on USD/KRW only above 1,107 with stop loss at 1,101 and target of 1,125/1,142.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 23, 2016, 05:26:33 am
Yahoo Confirms Data Hack Affecting 500 Million Users

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Yahoo Inc. said on Thursday that the data of around 500 million of its accounts were hacked in 2014 in what is allegedly a state-sponsored attack and theft that is believed to be the biggest cyber-breach in the world so far.

The company said that cyber attackers may have stolen personal information, including names, telephone numbers, birthdates and encrypted passwords. But Microsoft assured that sensitive and valuable information such as bank account data and credit card information were not compromised in the breach.

Yahoo did not disclose the identity of the “state-sponsored actor”, or a hacker working on behalf of a foreign government, that carried out the attack. On Thursday, upon confirming that the data breach was bigger than initially estimated, the firm urged its users to change their passwords if they had not done so since 2014, but did not require it.

The attack comes after telecom company Verizon bought Yahoo for $4.8 billion in July. The FBI has reported it is investigating the data breach.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 26, 2016, 04:08:39 am
Oil Bounces Back After Algeria Says All Options Possible at OPEC Meeting

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Oil prices rebounded after Algeria's energy minister Noureddine Bouterfa stated that all options were possible for an oil production cut or freeze during this week's informal meeting of OPEC members. The statement comes after oil prices fell by 4% on Friday amid indications that Saudi Arabia and Iran were making little headway in reaching a preliminary agreement to halt production.

U.S. WTI crude futures had risen 42 cents to $44.90 per barrel after sliding by 4% or $1.84 in the last session. U.S. crude advanced 4% in the previous week.

Brent crude futures climbed by 42 cents to $46.31 after losing $1.76 or 3.7% at the previous close and gained 0.3% in the prior week.

OPEC members will hold an informal meeting on the sidelines of the International Energy Forum in Algiers on September 26-28, where they will talk regarding a possible output-restricting deal.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 26, 2016, 05:18:22 am
http://internetmarkting.com/showthread.php?1884-Forex-News-from-InstaForex&p=13810&posted=1#post13810
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 26, 2016, 05:18:34 am
Turkey’s Lira Extends Decline After Moody’s Slashes Rating to Junk

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Turkish lira continued to fall after Moody's Investors Services on Friday downgraded Turkey's credit rating to junk, citing the growing risks from external financing and a slowing economy that will gradually weaken credit fundamentals over the next two to three years.

While Moody's lowered the Turkish government's long-term issuer and senior unsecured bond ratings debt from Baa3 to Ba1, the agency maintained the country's outlook as stable, stating its resilient $720 billion economy and solid financial track record will alleviate the pressure from the balance-of-payments problem it faces.

The lira fell by 0.7% to 2.9907 per dollar, adding to the 0.9% drop recorded on Friday.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 27, 2016, 04:11:21 am
China Industrial Profits Rise Sharply In August

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China's industrial profits grew markedly in August from a year ago, data from the National Bureau of Statistics showed Tuesday.

Profits earned by large firms in China surged 19.5 percent year-over-year to CNY 534.8 billion in August, faster than the 11.0 percent climb in July.

During the first eight months of the year, total industrial profits rose 8.4 percent from the same period last year, compared with a 6.9 percent gain in the first seven months of this year.

Private firm's profits increased 8.4 percent, while profits at state-owned firms declined 2.1 percent in the January to August period.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 27, 2016, 04:41:43 am
Asian Shares Gain as Markets See Clinton Winner of U.S. Presidential Debate

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Asian stocks gain while investors seem to favor Democrat representative Hillary Clinton over Republican representative Donald Trump. MSCI's broadest index of Asia-Pacific shares excluding Japan increased by 0.2 percent.

Japan's Nikkei more than halved its losses and decreased by 0.4 percent as the U.S. dollar increased against the Japanese yen at 100.74. Markets are currently inclined to view Clinton as the candidate of the status quo, as several are uncertain as to what a Trump presidency entails for U.S. trade, foreign policy and the domestic economy. The South Korean Kospi and the Shanghai SSE Composite Index were both up.

In commodity markets, oil increased by three percent as the world's biggest producers met in Algeria in order to discuss ways to address the crude glut. Brent crude LCOc1 declined 20 cents to $47.13 per barrel, as U.S. crude CLc1 was down 13 cents to $45.80.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 28, 2016, 04:17:26 am
Fxwirepro: Usd/sgd Almost Flat at 1.36 Mark, Bias Remains Bullish Only Above 1.3622

(https://forex-images.instaforex.com/analysts/big_preview/bull/4.jpg)

USD/SGD is currently trading around 1.3605 marks.   

It made intraday high at 1.3622 and low at 1.3592 levels.   

Intraday bias remains neutral till the time pair holds key support at 1.3582 marks.   

A daily close below 1.3582 will drag the parity down towards key supports at 1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.   

Alternatively, a sustained close above 1.3622 will test key resistances at 1.3659, 1.3698, 1.3732, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).   

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/SGD only above 1.3622 with stop loss at 1.3582 and target of 1.3698.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 28, 2016, 05:22:37 am
Volkswagen Shares Slides on Media Report

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Shares of Volkswagen fell over 4% after a Bloomberg report stated that the U.S. government is evaluating the size of the fine it will impose on the automaker without closing down its business.

U.S. Environmental Protection alleged the German automaker has been cheating on American air pollution tests last year in diesel vehicles issued between 2008 and 2015. A civil complaint was consequently filed by the Justice Department against Volkswagen after it admitted being guilty of the accusations.

Volkswagen agreed to pay a $16.5 billion civil litigation fine in the US. and now the two parties are looking to reach an agreement by January according to sources.

The carmaker's U.S.-listed stocks have lost 10% this year to date.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 29, 2016, 03:55:18 am
Fxwirepro: Japanese Yen falls on the Back of Lower Than expected Retail Sales Data

(https://forex-images.instaforex.com/analysts/big_preview/japan/3.jpg)

USD/JPY is currently trading around 101.35 marks.   

It made intraday high at 101.40 and low at 100.65 levels.   Intraday bias remains bullish till the time pair holds key support at 100.30 levels.   

A daily close above 101.72 will take the parity higher towards key resistances around 102.65, 103.42, 104.13, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.   

On the other side, a sustained break below 100.30 will drag the parity down towards key supports at 99.27 and 98.78 levels respectively.   

Japan’s August retail sales y/y decreases to -2.1 % (forecast -1.8 %) vs previous -0.2 %.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 29, 2016, 04:54:46 am
U.S. Stocks Gain as Oil Prices Rallied

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U.S. stocks advanced while oil prices surged. The gains drove both oil and energy firms in the S&P 500 into positive territory for September.

The Dow Jones Industrial Average increased by 0.6 percent to 18339.24. The S&P 500 rose by 0.5 percent to 2171.37 while the Nasdaq Composite jumped by 0.2 percent to 5318.55. U.S.-traded crude oil surged by 5.3 percent to $47.05 a barrel after reports that the Organization of the Petroleum Exporting Countries had reached a deal to reduce crude-oil production in order to lift the price of petroleum. The S&P 500's energy firms jumped by 4.3 percent and has been the best-performing sector in the index. Shares of Exxon Mobil advanced by 4.4 percent to $86.90 while Chevron gained 3.2 percent to 102.15. Stocks of biotech declined which limited the advances of the Nasdaq Composite. The Nasdaq biotechnology index slid by 0.9 percent. Nike dropped by 3.8 percent and was the largest decliner in the Dow industrials.

Investors focus on the health of the European banking sector. Recent losses in shares of banks cause unease in Europe, since banks constitute a significant share of direct lending in the economy, according to the Harris Financial Group's managing director, Jamie Cox.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 30, 2016, 02:25:48 am
Malaysia Manufacturing PMI Continues To Contract

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The manufacturing sector in Malaysia remained in contraction in September, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a manufacturing PMI score of 48.6.

That's up from 47.4 in August, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production fell to its weakest rate in 11 months, while
new orders were at their slowest pace since May 2015.

Input price inflation fell to match the lowest figure on record for the survey.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on September 30, 2016, 02:49:30 am
Dollar Gains Against Yen After OPEC Deal

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The U.S. dollar has reached an eight-day high against the Japanese yen due to the reduced appetite of investors for the safe-haven currency, following the OPEC deal where they agreed to cut the production of oil. OPEC has agreed to modest reduction of oil output as the group's leader, Saudi Arabia, softened its position on Iran.

The greenback last increased against the yen by 0.44 percent at 101.09 yen after it reached an eight-day high of 101.84 yen. The euro was last up at $1.1245 against the U.S. dollar, which reversed earlier losses as analysts claim that the reduced concerns regarding the European banking sector has boosted the currency. The dollar index, last decreased by 0.09 percent at 95.344. According to analysts, the gains followed higher chances that the Federal Reserve will increase rates in December.

Traders see a 57.4 percent likelihood that the Fed will raise rates in December, according to CME Group's FedWatch program.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 04, 2016, 12:29:08 am
South Korea Posts $5.51 Billion Current Account Surplus

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South Korea landed a current account surplus of $5.51 billion in August, the Bank of Korea said on Tuesday - following the $8.67 billion surplus in July. The goods account surplus narrowed to $7.30 billion, compared to $10.78 billion in July. The services account deficit shrank to $1.45 billion, from $1.53 billion the month before. The primary income account surplus widened from $0.05 billion in July to $0.61 billion in August, in line with an improvement in the income on equity account. The secondary income account saw a $0.94 billion deficit. The financial account showed a $7.70 billion increase in net assets in August. There was a $2.16 billion expansion in assets in the direct investment, after their $2.20 billion growth in July. Direct investment liabilities increased by $1.66 billion compared to the $1.25 billion increase in the month previous. Portfolio investment assets grew by $8.37 billion in August, up from their $4.62 billion expansion in July. Portfolio investment liabilities meanwhile showed an increase of $1.62 billion, down from $4.53 billion the month before. Financial derivatives posted a net decrease of $1.18 billion. In the other investment there were increases of $1.84 billion in assets and $3.31 billion in liabilities. Reserve assets expanded by $3.09 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 04, 2016, 03:37:59 am
Dollar Firms Buoyed by Manufacturing Data

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The U.S. dollar rose after it received a boost from an upbeat U.S. economic data which showed that the manufacturing sector rebounded in September. The WSJ Dollar Index increased by 0.3 percent to 86.61.

The Institute for Supply Management report has shown that factory activity in the U.S. rebounded in September after it shrank in August. The ISM manufacturing index was at 51.5 percent for the month. Fed-fund futures have shown a 62 percent likelihood that the Fed would increase interest rates by the December meeting, according to CME Group data.

The British pound declined by 1.1 percent to $1.2826 as U.K. Prime Minister Theresa May has finally set a March date to go ahead with leaving the European Union and claims that controlling immigration is a higher priority than full access to its biggest trading partner.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 05, 2016, 04:37:03 am
Euro Rises Against Majors

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The euro strengthened against the other major currencies in the Asian session on Wednesday.

The euro rose to more than a 3-1/2-year high of 0.8814 against the pound and a 3-week high of 115.49 against the yen, from yesterday's closing quotes of 0.8799 and 115.22, respectively.

Against the U.S. dollar and the Swiss franc, the euro edged up to 1.1228 and 1.0974 from yesterday's closing quotes of 1.1201 and 1.0964, respectively.

If the euro extends its uptrend, it is likely to find resistance around 0.89 against the pound, 118.00 against the yen, 1.13 against the greenback and 1.10 against the franc.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 05, 2016, 06:13:55 am
Oil Prices Jump on U.S. Crude Supply Data

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Oil prices rose following a report that U.S. crude stocks may have dropped for the fifth week in a row, however, contracts continued to be close to the $50-per-barrel mark where most traders presently perceive a fair price for crude.

U.S. WTI oil futures traded up 49 cents or 1% from their previous finish at $49.18 a barrel while the benchmark Brent crude futures were up 42 cents or 0.8% at $51.29 a barrel.

Traders state that the surge in prices was mostly due to a report by the American Petroleum Institute on Tuesday, revealing that U.S. crude supplies most likely dropped for the fifth consecutive week, falling by 7.6 million barrels. The U.S. EIA is scheduled to release official inventory figures on Wednesday. Analysts are expecting a supply accumulation of 2.6 million barrels during the previous week.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 06, 2016, 01:18:23 am
Australia Has A$2.010 Billion Trade Deficit In August

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Australia had a merchandise trade deficit of A42.010 billion in August, the Australian Bureau of Statistics said on Thursday - up 5.0 percent on month.

The headline figure exceeded forecasts for a shortfall of A$2.30 billion following the A$2.41 billion deficit in July.

Exports were roughly flat on month, coming in at A$26.856 billion.

Imports also were essentially unchanged at A$28.866 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 06, 2016, 05:07:16 am
Replacement Samsung Note 7 Unit Catches Fire on U.S. Plane

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A replacement Samsung Galaxy Note 7 device, which has been declared safe from overheating by Samsung Electronics Co., reportedly started emitting smoke and caught fire on a Southwest Airlines Plane on Wednesday. The airline confirmed that its flight scheduled to travel from Kentucky to Maryland was evacuated before its take-off due to the incident.

Passenger Brian Green, the owner of the phone, said the Note 7 was a replacement unit issued on September 21. He also said the device was powered down and not charging when it started overheating inside his pocket and started emitting a thick smoke after he tossed it on the floor of the aircraft.

The smartphone maker announced a worldwide recall of about 2.5 million units of its Note 7 smartphones last month due to battery problems that caused some handsets to catch fire, but Samsung said it has identified and fixed the issues.

Samsung Electronics said it was working to retrieve the device and determine the cause. Meanwhile, Federal Aviation Administration confirmed in a statement that a Samsung phone had caused the smoke on the U.S. flight and that it was looking into the incident. The U.S. Consumer Product Safety Commission is also currently investigating the report.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 07, 2016, 02:39:19 am
Australia Construction Sector Swings To Expansion - AiG

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The construction sector in Australia turned to expansion in September, the latest survey from the Australian Industry Group revealed on Friday with a PMI score of 51.4.

That's up sharply from 46.6 in August, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Engineering construction and activity remained strong, while house and apartment construction continued to contract.

Individually, employment, input prices, swelling prices, wages and capacity utilization all expanded, while new orders and deliveries contracted.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 07, 2016, 04:33:30 am
Verizon seeks $1 billion reduction on Yahoo sale amid privacy scandal

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In the advent of hacking and spying reports, Verizon Communications Inc. is asking Yahoo Inc. to reduce the acquisition price by $1 billion, based on a New York Post report, mentioning unknown sources.

A person knowledgeable about the matter divulged Verizon Chief Executive Tim Armstrong is somewhat distressed about Yahoo's insufficient disclosure and contemplating whether to lower the price or withdraw from the deal.

Yahoo, however, is averting any endeavors to negotiate the price lower.

Both firms refused to comment.

Earlier, Yahoo admitted the interception of 500 million accounts in 2014. Then, people privy to the matter said the US government requested the technology company to search emails for any trace of terrorism.

American lawmakers lambasted Yahoo for unacceptable delay in uncovering the hack, pressuring the Securities and Exchange Commission to probe whether Yahoo failed to disclose the incident to investors and the general public.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 08, 2016, 02:09:05 am
Americas Roundup: Dollar Softens After Weaker-Than-Forecast U.s. Payroll Reading, Oil Ends down 1 Pct, Snapping Week-Long Opec-fueled Rally-October 8th, 2016

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Market Roundup
•    Computer-driven funds likely winners from sterling flash crash.
•    US nonfarm payrolls miss expectations: +156k vs forecast 175k.
•    Revisions on balance negative but jobless rate and participation up.
•    Average hourly earnings +0.2% as forecast.
•    Fed's Mester says US payrolls a "solid number".
•    Canada jobs surge by 67,200 in Sept vs forecast 10k, heavily weighted to part-time.
•    Brazil IPCA inflation 8.48% y/y vs forecast 8.6%, 8.97% previously.
•    Brazil's central bank chief Goldfajn says CPI down, but doubts linger.
•    Mexico inflation 2.97% y/y vs 2.91% forecast 2.73% previously.
•    Canada's Ivey purchasing index jumps in September to 58.4 from 52.3. Looking Ahead - Economic Data (GMT)
•    01:45 China Caixin Services PMI Sep 52.1 -previous
     Looking Ahead - Events, Other Releases (GMT)
•    No significant events

Currency Summaries

EUR/USD is supported at 1.1154 levels and currently trading at 1.1199 levels. The pair has made session high at 1.1206 and hit lows at 1.1144 levels. The dollar eased against the low-yielding euro on Friday after data showed that U.S. employment growth unexpectedly slowed in September but was stronger in August than initially reported, and traders kept bets that the Federal Reserve is likely to raise rates in December. The Labor Department said U.S. employment growth unexpectedly slowed for a third month in September and the jobless rate rose. Nonfarm payrolls rose by 156,000 jobs in September, missing economists' expectations of 175,000. Job gains for August were revised up to 167,000 from an initially reported 151,000. The dollar index was last down 0.1 percent at 96.682. It rose to a more than two-month high shortly before the release of the payrolls report. The greenback fell hard against the yen, losing as much as 1 percent after the jobs data. It was last down 0.7 percent at 103.17 yen. The euro rose 0.2 percent to $1.1199 but fell 0.7 percent to 115.22 yen.

GBP/USD is supported in the range of 1.2340 levels and currently trading at 1.2439 levels. It reached session high at 1.2469 and dropped to session low at 1.2348 levels. Sterling weakened again against US dollar in the US session after rebounding from a stunning plunge that injected volatility across markets. Sterling plummeted nearly 10 percent to a 31-year low in earlier trading in what traders called a "flash crash”. Even before a sudden plunge that briefly shaved off a tenth of the pound's value during Asian trading, sterling was headed for its worst week since January 2009 as some national leaders called for Britain to make a "hard" exit from the European Union in which it would leave the single market. The Bank of England was investigating the cause of the sudden price move, but the currency had already been on track for one of its worst weeks in seven years as some national leaders called for Britain to make a "hard" exit from the European Union. Sterling retraced to $1.2440 in U.S. trading, which was still down 1.3 percent on the day.

USD/CAD is likely to find support at 1.3180 levels and is trading at 1.3289 levels. It has made intraday high at 1.3312 and lows at 1.3184 levels. The Canadian dollar declined to hit six-month low against its U.S. counterpart on Friday as volatility in the foreign exchange market and lower oil prices offset stronger-than-expected domestic jobs data. Data showed Canada's economy created 67,200 jobs in September, far more than expected, though that was fueled by the biggest increase in self-employed workers in more than seven years. U.S. employment growth unexpectedly slowed for the third straight month in September, which could make the Federal Reserve more cautious about raising interest rates. Oil fell about 1 percent on Friday as players took profits on a rally over the past week that propelled prices nearly 15 percent to four-month highs on hopes of OPEC crude output cuts. The Canadian dollar was last trading at C$1.3289 to the greenback weaker than Thursday's close of C$1.3207, or 75.72 U.S. cents.

AUD/USD is supported around 0.7500 levels and currently trading at 0.7588 levels. It hit session high at 0.7623 and made session lows at 0.7553 levels. The Australian dollar initially inched higher against US dollar on Friday after data showed U.S. employment growth eased for the third straight month in September but reversed course as slowdown was not expected to prevent the Federal Reserve from raising interest rates later this year. The Australian dollar edged 0.1 percent lower to $0.7576, near two-week lows as the greenback gained on expectations of a Federal Reserve rate hike this year. Domestic data this week showed a rosy picture of Australia's economy, boosting expectations for gross domestic product growth of more than 3 percent for the year. However, a resilient Aussie, up about 4 percent this year, could spoil the party. It fell nearly 11 percent in 2015 and more than 8 percent the year before.

Equities Recap

Continental European stock markets fell on Friday, with vouchers company Edenred and airline easyJet  among the worst performers, although a new slump in sterling propped up Britain's FTSE 100.

UK's benchmark FTSE 100 closed up by 0.8 percent, the pan-European FTSEurofirst 300 ended the day down by 0.09 percent,Germany's Dax ended down by 0.7 percent, France’s CAC finished the day down by 0.6 percent.

U.S. stocks ended down slightly on Friday as a drop in the British pound injected volatility to markets, while a weaker-than-expected jobs report was not enough to derail expectations for a Federal Reserve rate hike before the end of the year.

Dow Jones closed down by 1.17 percent, S&P 500 ended down by 0.33 percent, Nasdaq finished the day down by 0.28 percent.

Treasuries Recap

U.S. Treasuries ended little changed on Friday after data showed that U.S. employment growth unexpectedly slowed in September but was stronger in August than initially reported, and traders kept bets that the Federal Reserve is likely to raise rates in December.

Benchmark 10-year notes  rose 2/32 in price to yield 1.74 percent. Earlier the yield rose as high as 1.77 percent, the highest since June 3.

Commodities Recap

Oil fell about 1 percent on Friday as players took profits on a rally over the past week that propelled prices nearly 15 percent to four-month highs on hopes of OPEC crude output cuts.

Brent crude settled down 58 cents, or 1.1 percent, at $51.93 a barrel. Earlier in the day, it hit $52.84 cents, three cents short of a one-year high.

U.S. West Texas Intermediate (WTI) crude settled down 63 cents, or 1.3 percent, at $49.81.

Gold fell for the ninth straight session on Friday, briefly tapping a four-month low as computer-generated selling offset support from weak U.S. payrolls data, but bullion was on track for its biggest weekly drop in more than three years.

Spot gold was down 0.09 percent at $1,252.71 an ounce by 3:11 p.m. EDT (1911 GMT), after falling 1 percent to $1,241.20, the lowest since June 8. It was on track to close the week down 4.8 percent, its biggest drop since June 2013. U.S. gold futures  for December delivery settled down 0.1 percent at $1,251.90.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 10, 2016, 03:58:34 am
Fxwirepro: Usd/twd Rejects Key Resistance at 31.55, Good to Sell on Rallies

(https://forex-images.instaforex.com/analysts/big_preview/sell/3.jpg)

USD/TWD is currently trading around 31.44 marks.   
It made intraday high at 31.53 and low at 31.38 marks.   
Intraday bias remains bearish till the time pair holds key resistance at 31.55 marks.   
A daily close above 31.55 will drag the parity up towards key resistances around 31.68, 31.82, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.   
On the other side, key support levels are seen at 31.34, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.   
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. We prefer to go short on USD/TWD around 31.45, stop loss 31.55 and target of 31.26/31.18.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 10, 2016, 04:43:42 am
Iraq’s Minister Urges Country’s Producers Raise Output in 2017

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Iraq oil minister Jabar al-Luaibi has called for oil and natural gas producers in the nation to keep on increasing output next year, the oil ministry communicated in a statement on Sunday.

The ministry's statement reiterated comments Luabi made to an assembly of Iraq oil industry executives in the city of Basra to assess the ministry's development plans for the oilfields.

The oil minister's comments came as OPEC members are attempting to put into action an agreement to reduce oil output in order to prop-up oil prices. The oil minister also did not refer to the cartel's decision on September 28 to curb oil output to a lower range.

According to the statement, Luaibi affirmed the need to continue increasing oil and gas yields by improving the effort of licensed firms operating in the nation for the rest of 2016 and through 2017.

The oil minister added that foreign firms' oil output targets should be attained within the given timetable and that the ministry is looking to raise associated gas output by adding 350 to 450 million cubic feet a day to the country's production next year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 11, 2016, 01:34:55 am
Japan Has Y2,000.8 Billion Current Account Surplus

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Japan posted a current account surplus of 2,000.8 billion yen in August, the Ministry of Finance said on Tuesday - an increase of 23.1 percent on year.
The headline figure exceeded forecasts for a surplus of 1,502.7 billion yen following the 1,938.2 surplus in July.
Imports tumbled 18.3 percent on year to 5,058.7 billion yen following the 26.0 percent tumble in July. Exports slid an annual 9.6 percent to 5,301.9 billion yen after sliding 15.7 percent in the previous month.
The trade surplus was 243.2 billion yen, exceeding expectations for 116.5 billion yen although down from 613.9 billion yen in the previous month.
The capital account showed a deficit of 12.8 billion yen following the 46.6 billion yen shortfall a month earlier.
The financial account saw a surplus of 2,922.0 billion yen following the 3,673.7 billion yen surplus in July.
The adjusted current account surplus was 1,975.5 billion yen versus expectations for 1,570.3 billion yen and up from 1,447.8 billion in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 11, 2016, 05:10:17 am
Twitter Shares Sink as Potential Buyers Reportedly Lose Interest

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Twitter Inc.'s shares slumped more than 14% after a Bloomberg report stated that all of its top potential suitors has lost interest in making a bid for the social media company.

The firm's shares, which jumped last month after rumors of a possible acquisition by companies including Google, lost $2.82 or 14% down to $17.03 during early trading following Bloomberg's report that was Twitter unlikely to receive any takeover offers.

Salesforce, Google owner Alphabet Inc., and Walt Disney which had been working with banks on a potential acquisition of the social media firm, had reportedly abandoned plans to proceed with a bid, according to Bloomberg.

Twitter's shares have already seen a steep decline at the end of the previous week after technology news website Recode reported that Google and Apple had no interest in buying the struggling company which put itself up for sale last month.

Sillicon Valley tech company Salesforce has been perceived as the top potential buyer after its chief executive Mark Benioff had publicly voiced his interest in the firm, but his investors raised their doubts regarding the deal. The speculation also caused Salesforce's shares to sink, but rose back to their former level after Bloomberg's report that it did not press ahead with a bid.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 12, 2016, 03:43:44 am
Fxwirepro: Usd/krw Hits Fresh 4-Week High at 1,124, Faces Strong Resistance at 1,127

(https://forex-images.instaforex.com/analysts/big_preview/dollar/7.jpg)

USD/KRW is currently trading around 1,123 levels.   
It made intraday high at 1,124 and low at 1,123 marks.   
Intraday bias remains bullish till the time pair holds key support at 1,117 levels.   
A daily close above 1,127 will drag the parity higher towards key resistances at 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   
On the other side, a sustained close below 1,117 will test key supports at 1,107/1,101/1,089/1,078/1,063/1,044 levels respectively.   
In addition, South Korea’s Kospi was trading around 0.12 percent higher at 2,034.26 points.   
South Korea’s September unemployment rate increase to 4.0 % vs previous 3.8 %.
We prefer to go long on USD/KRW only above 1,124, stop loss 1,111 and target 1,142.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 12, 2016, 04:34:34 am
Samsung Announces Total Discontinuation of Galaxy Note 7 Production Over Safety Concerns

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Crisis-hit Samsung Electronics Co. announced on Tuesday that it is permanently halting the production and sale of its flagship Note 7 smartphone, less than two months after its launch over persisting battery safety issues.

The tech giant stated in a filing with South Korean regulators that has decided to scrap the Note 7 after a new wave of reports of replacement devices overheating and catching fire, which were supposedly safe and free from battery defects. The move caused Samsung's share to tumble 8%, clearing almost $20 billion off the smartphone maker's market value and recording its biggest one-day decline since 2008.

The decision to stop Note 7 production comes after the South Korean conglomerate had halted sales and exchanged of the device earlier on Tuesday and called on customers to stop using the smartphone due to the reported safety issues.

Analysts state that permanently pulling note 7 off the shelves could cost the company up to $17 billion and could raise doubts about Samsung's quality control.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 13, 2016, 02:23:10 am
New Zealand Consumer Confidence Spikes In October - ANZ

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Consumer confidence in New Zealand jumped in October, the latest survey from ANZ showed on Thursday.

The bank's consumer confidence index jumped 1.6 percent on month to a score of 122.9. That follows the 2.8 percent spike in September to 121.0.

The index score is the highest reading since the middle of last year, ANZ said, adding that the increase was driven by optimism over the direction of the economy.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 13, 2016, 04:16:48 am
U.S. Stocks Flat After Fed Minutes

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The majority of the U.S. stocks were flat while the Federal Reserve minutes gave investors some indication as to when the next-rate increase would be. The minutes from the Fed's September meeting has shown that several of the policy makers called for the rate hike as “relatively soon”, however members disagreed on the timing of the move.

The Dow Jones Industrial Average was up 0.1 percent to 18144.20. The S&P inched up 0.1 percent to 2139.18 and the Nasdaq Composite fell 0.1 percent to 5239.02. Real-estate stocks in the S&P 500 climbed 1.3 percent as utility stocks advanced by one percent. Investors are currently turning their attention to the earnings.

Alcoa declined by 2.9 percent to $27.11 a day. Illumina was down two percent to 136.18. Health-care stocks in the S&P 500 drove declines for the second consecutive session as the Nasdaq Biotechnology Index retreated by 2.5 percent. The yield on the 10-year U.S. Treasury note increased to 1.778 percent after investors found meager hints in the Fed minutes to confirm expectations of a rate hike in December.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 14, 2016, 01:35:25 am
Japan M2 Money Stock Climbs 3.6% In September

(https://forex-images.instaforex.com/analysts/big_preview/stock_market/3.jpg)

The M2 money stock in Japan was up 3.6 percent on year in September, the Bank of Japan said on Friday - coming in at 943.2 trillion yen.

That followed the 3.3 percent gain in August. The M3 money stock advanced an annual 3.1 percent to 1,265.1 trillion yen after gaining 2.8 percent in the previous month.

The L money stock gained 1.8 percent to 1,653.7 trillion yen after picking up 1.6 percent a month earlier.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 14, 2016, 04:45:47 am
Verizon Says Yahoo Email Data Breach Could Sink Deal

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Verizon Communications Inc.'s attorney Craig Silliman told reporters that the U.S. wireless company has a rational basis to think Yahoo Inc.'s recent disclosure of a massive data breach of more than 500 million of its email accounts represented a material impact that could allow Verizon to pull out of its $4.38 billion deal to acquire the tech firm.

General Counsel Silliman told press people during a roundtable in Washington that the email breach could activate a clause within the agreement that would allow the Verizon to change the terms of the takeover or not press on with it. The counsel, who has been leading Verizon's review of the situation, refused to comment whether discussions are being held to renegotiate the acquisition price.

The takeover deal has a clause that states Verizon can withdraw from the agreement if a new development which could have a tangible and adverse effect on the business surfaces.

A Yahoo spokesperson expressed the company's confidence in Yahoo's value and that they will continue to make progress towards integration with Verizon.

Yahoo's shares closed down 1.75% at $41.62 while Verizon's shares were flat at $50.29, inching down 0.02%.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 17, 2016, 02:52:45 am
UK House Prices Climb 0.9% In October - Rightmove

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The average asking price for a house in the United Kingdom was up 0.9 percent on month in October, property tracking website Rightmove said on Monday - coming in at 309,122 pounds.

That follows the 0.7 percent increase in September.

On a yearly basis, house prices jumped 4.2 percent, up from 4.0 percent in the previous month.

The number of sales agreed jumped 6.0 percent on year.

By region, total available stock in the south jumped an annual 16 percent, while stock in the north dropped 11.0 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 18, 2016, 04:11:25 am
Fxwirepro: Usd/krw Rejects Key Resistance at 1,142, Bias Remains Neutral

(https://forex-images.instaforex.com/analysts/big_preview/dollar/3.jpg)

USD/KRW is currently trading around 1,131 levels.   
It made intraday high at 1,133 and low at 1,130 marks.   Intraday bias remains neutral till the time pair holds key resistance at 1,142 levels.   
A daily close above 1,142 will drag the parity higher towards key resistances at 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
On the other side, a sustained close below 1,128 will test key supports at 1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.   
In addition, South Korea’s Kospi was trading around 0.28 percent higher at 2,033.46 points. We prefer to go long on USD/KRW around 1,130, stop loss 1,117 and target 1,142/1,152.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 18, 2016, 04:44:48 am
Oil Prices Fall as Market Awaits OPEC Intervention

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Oil prices edged down on Monday amid growing indications of noncooperation among OPEC members after the group's deal to reduce supply and market speculation that any benefit the oil market has gained from the agreement has already been priced in.

U.S. crude futures lost 41 cents or 0.81%, settling down at $49.94 a barrel while Brent crude futures shed 43 cents or 0.83% down to $51.52 a barrel. Gasoline futures posted a smaller decline, inching down 0.08% at $1.4924 a gallon. Diesel futures also settled down 1.12 cents or 0.71% to $1.15561 a gallon.

While OPEC's plan to cut production last month has lifted oil markets in the recent weeks, its lack of details on how much each participating nation will be required to cut and conflicts over how the cartel computes countries' production is seen to hamper the deal.

On Monday, Ali Kardor, managing director of National Iranian Oil Co. deemed output estimates compiled by OPEC to be unacceptable, adding that Iran has produced than what the cartel has reported in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 19, 2016, 03:56:35 am
Fxwirepro:nikkei Trades Higher on Weaker Yen, Good to Buy on Dips

(https://forex-images.instaforex.com/analysts/big_preview/nikkei/5.jpg)

Nikkei225 has made a steady gains after making a minor bottom at 16641 on 13th Oct 2016. Japanese index is rising sharply for the past two trading session on account of weaker Yen.It is currently trading around 16971.   

Technically in the 4H chart the index takes support at 55- 4H EMA and slightly jumped from that level.Short term weakness can be seen only below 16731 (200- 4H MA).   

On the higher side, resistance is around 17000  and any break above targets 17159 (Sep 2nd 2016 high)/17300/17500.Nikkei should break above 17159 for further bullishness.

The major support is around 16850 (55-  4H EMA) and any break below targets 16730 (200- 4H MA) /16532 (200-day MA).

It is good to buy on dips around 16800 with SL 16700 for the TP of 17000/17160.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 19, 2016, 04:16:26 am
Dollar Stable as Focus on Fed Policy

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The U.S. dollar was slightly weaker for the second consecutive day while investors profited from its recent strength and also assessed if the Federal Reserve will increase interest rates by year end. The greenback rallied by nearly three percent since the end of September.

The dollar index was last flat at 97.890. Weaker U.S. economic data, which includes unsatisfactory retail sales, has led investors to earn some profit. Recent data has shown that U.S. consumer prices reported their largest gain in five months in December. One of the best performers against the U.S dollar was the British pound, which last increased by 0.92 percent at $1.2294.

The market also directed their attention on the European Central Bank meeting which is expected to maintain the policy unchanged, according to several traders polled by Reuters.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 20, 2016, 03:45:34 am
Moody's: China State Council Multi-pronged Guidelines Indicate Credit Positive Willingness to Address the Risks posed by High Corporate Debt

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Moody's Investors Service says that guidelines issued by China's State Council earlier this month indicate a credit-positive willingness to address the risks posed by high corporate leverage. How the guidelines are implemented will determine their credit implications across sectors.

Moody's conclusions were contained in a just-released report, "China credit - State Council Guidelines Indicate Credit-Positive Willingness to Address Risks Posed by High Corporate Debt".

China's State Council published two guidelines on 10 October. The measures outlined in the guidelines include mergers and acquisitions, revitalization of stock assets, securitization of performing and nonperforming assets, optimization of debt structures, debt-equity swaps, developments of equity financing, regulation of the bankruptcy process, and strengthening of corporate governance.

Moody's sees two potential challenges to their implementation. First, in the near term, the deleveraging that these measures seek could lower GDP growth. However, Moody's expects that the current context of proactive fiscal policy and prudent monetary policy, which the guidelines re-assert, will mitigate this near-term effect.

The second set of challenges is related to the absence of a deep and liquid equity market, a pricing framework for equity in the debt swaps, or relevant legal framework (including a transparent and predictable bankruptcy process).

The market-oriented principles emphasized in the guidelines, if thoroughly implemented, will introduce safeguards to reduce the risk of banks swapping non-viable companies' debt for equity at a price that would leave them exposed to sharp falls in valuations. Meanwhile, the asset management companies may need new equity injections, particularly if book values are broadly retained.

The report says that it is likely that, through some of the measures envisaged, some of the leverage currently on corporate balance sheets is shifted to other parts of the economy, including the banks and asset management companies. Moreover, the government and the public sector in general would also take some of the costs, either directly or indirectly through the provision of policy support.

The credit implications for the sovereign will depend on whether the measures effectively reduce the economy-wide contingent liability risks for the government posed by state-owned enterprises, banks and asset management companies.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 20, 2016, 04:03:19 am
Gold Prices Supported by the Weaker Dollar

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Gold prices climbed to a two-week high which was bolstered by a weaker dollar. Gold for December delivery was up 0.6 percent at $1,269.90 per troy ounce on the Comex division of the New York Mercantile Exchange.

The precious metal has also increased due to stable U.S. inflation figures for September, which has reduced predictions of an interest-rate hike from the Federal Reserve by year-end, according to the Commerzbank. Expectations of an interest-rate hike are likely bearish for the precious metal, since it does not pay interest and also competes with other investments when rates are higher.

The World Gold Council claims that the demand for physical gold in China was spurred by the recent decline in prices, and has also estimated that it will reach between 900 and 1,000 tons of gold in 2016.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 21, 2016, 02:39:05 am
Fxwirepro: Usd/twd Rejects Key Support at 31.45, Good to Buy on Dips

(https://forex-images.instaforex.com/analysts/big_preview/up_market/2.jpg)

USD/TWD is currently trading around 31.65 marks.   
It made intraday high at 31.70 and low at 31.49 marks.   
Intraday bias remains bullish till the time pair holds key support at 31.45 marks.   
A daily close above 31.84 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.   
On the other side, key support levels are seen at 31.45, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.   
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.   
Taiwan stocks open up 0.1 pct at 9,322.55 points. We prefer to go long on USD/TWD around 31.55, stop loss 31.45 and target of 31.84/31.98.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 21, 2016, 02:55:31 am
Dollar Strengthens with Traders Focus on Bank Action

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The dollar strengthened while investors have been more optimistic regarding the possibility of a U.S. interest rate hike. The WSJ Dollar Index increased by 0.5 percent to 88.36.

Analysts associated the dollar climbing to firm data and comments from Federal Reserve Bank of New York President William Dudley. Mr. Dudley says that he expects that the bank would be able to lift rates in December. Fed-funds futures have shown that investors implied a 74 percent chance of a rate hike in December, according to CME Group data.

The euro declined 0.4 percent to $1.0929 following the European Central Bank's decision to keep interest-rates unchanged.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 22, 2016, 04:36:09 am
Americas Roundup: Dollar Gains Vs Euro As December fED Rate Hike Seen Likely, Oil up on Russia-Opec Hopes; U.s. Rig Count Jump Limits Gains-October 22nd, 2016

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Market Roundup
•    Fed’s Williams: Makes sense to raise rates gradually, “sooner than later”,essentially at full employment.
•    Fed’s Tarullo: greatest risk to financial stability relates to funding runs, asset sales.
•    ECB's Nowotny thinks QE decision will be discussed in Dec, monetary policy not enough need fiscal policies.
•    Italy PM Renzi says won't change 2017 budget plan even if Brussels objects, Italy referendum Dec 4.
•    USD heads for 3rd weekly gain as US rate rise bets firm; Offshore yuan hits 6-year low (above 6.76).
•    GBP weaker as UK PM May attends EU summit; Euro at 7-month lows after Draghi quashes tapering talk.
•    CAD weakens to 7-month low as weak inflation/RS fuels rate cut bets; CA-US 2-yr spread hits widest in 4-months.
•    Brazil inflation eases to lowest in 7 years for mid-October, may pave way for further rate cuts.
Looking Ahead - Economic Data (GMT)
•    No Significant Data
Looking Ahead - Events, Other Releases (GMT)
•    No Significant Events Currency Summaries

Currency Summaries

EUR/USD is likely to find support at 1.0858 levels and currently trading at 1.0880 levels. The pair has made session high at 1.0889 and hit lows at 1.0858 levels. The euro declined against the dollar on Friday as investors increased bets that Federal Reserve would raise interest rates by this year end. Recent hawkish comments from Fed officials have increased bets that the U.S. central bank will raise rates in December. New York Fed President William Dudley said on Wednesday the Fed will likely increase interest rates later this year if the U.S. economy remains on track. Greenback was also boosted by dovish European Central Bank meeting on Thursday. ECB President Mario Draghi left a wide range of options on the table and emphasized that a long-awaited rise in inflation is predicated on "very substantial" monetary accommodation. The dollar index rose as high as 98.813, the highest since Feb 3. The euro fell as low as $1.0859, the lowest since March 10.

GBP/USD is supported in the range of 1.2140 and currently trading at 1.2227 levels. It reached session high at 1.2238 and hit low at 1.2165 levels. British pound initially declined against the greenback on Friday but rebounded in the late US session erasing early losses as some investors took profit following recent dollar rally that received a boost on recent solid U.S. data. The pound has fallen nearly 18 percent since the June vote with losses accelerating in October after May raised the spectre of a "hard" Brexit, where the government will negotiate for an exit that favours tighter immigration controls over free trade, likely curbing foreign investment needed to fund Britain's huge current account deficit. Sterling's slide has sent inflation expectations soaring, driving investors to reassess chances of further easing by the Bank of England this year. Sterling hit low at $1.2270 in the mid-morning US session, but rebounded back erasing early losses to trade at $1.2227.

USD/CAD is supported at 1.3217 levels and is trading at 1.3332 levels. It has made session high at 1.3354 and lows at 1.3298 levels. The Canadian dollar declined sharply against U.S. dollar on Friday as weaker-than-expected domestic data fueled interest rate cut bets weighing on risk-sensitive Canadian dollar. Canada's annual inflation rate rose less than expected in September as the cost of gasoline fell, while food prices saw their smallest gain since 2000, data from Statistics Canada showed on Friday. The annual inflation rate rose to 1.3 percent, though that was shy of forecasts for an increase of 1.5 percent. Annual core inflation, which strips out some volatile items and is watched by the Bank of Canada, held steady at 1.8 percent, as expected. The Canadian dollar last traded at C$1.3332 to the greenback, or 75.04 U.S. cents, weaker than Thursday's close of C$1.3222, or 75.63 U.S. cents.

AUD/USD is supported around 0.7580 levels and currently trading at 0.7604 levels. It hit session high at 0.7615 and made session lows at 0.7586 levels. The Australian dollar edged lower against US dollar on Friday as recent poor employment report fuelled the risk of further rate cuts by Reserve Bank of Australia. The Aussie has been resilient in recent weeks against a resurgent U.S. dollar but recent dovish comments by the Reserve Bank of Australia in the minutes of its October policy meeting and the latest jobs data tamed its rise. Thursday's data showed a drop of 53,000 full-time jobs and a decline in the number of people looking for work. The Australian dollar was trading at $0.7604, having slid 1.3 percent on Thursday, the most since Sept. 13. Despite the decline, the Aussie is still set to end the week mostly unchanged.

Equities Recap
European stock markets posted a weekly gain on Friday, as a rebound in bank shares and some well-received company results lent markets support in spite of uncertainty over future monetary policy.

UK's benchmark FTSE 100 closed down by 0.2 percent, the pan-European FTSEurofirst 300 ended the day down by 0.01 percent, Germany's Dax ended flat, France’s CAC finished the day down by 0.1 percent.

The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares.

Dow Jones closed down by 0.10 percent, S&P 500 ended up by 0.02 percent, Nasdaq finished the day up by 0.23 percent.

Treasuries Recap

U.S. Treasury yields were little changed on Friday as expectations the Federal Reserve would raise U.S. interest rates by year-end offset demand for bonds following comments by European Central Bank President Mario Draghi on bond purchases.

Benchmark 10-year Treasury notes were up 2/32 in price to yield 1.738percent, down less than 1 basis point from late Thursday. It reached a four-month peak at 1.841 percent on Monday.

The spread between U.S. five-year and 30-year yields earlier narrowed by 2 basis points before ending little changed on the day at 125 basis points.

Shorter-dated yields were marginally higher on expectations the Fed would raise interest rates at its Dec. 13-14 meeting.

Commodities Recap

Gold prices were little changed on Friday as a strong dollar limited gains, but the precious metal notched its first weekly rise in four as seasonal demand from Asia kicked in.

Spot gold was up 0.1 percent at $1,267.23 an ounce by 2:57 p.m. EDT (1857 GMT). For the week, prices rose 1.4 percent, clawing back part of the 6.6 percent shed over the last three weeks.

U.S. gold futures ended the session up 0.02 percent at $1,267.70.

Oil settled up on Friday on hopes Russia and OPEC will reach agreement at the weekend on market support initiatives to keep crude above $50 a barrel, although traders cautioned about pressure from a double-digit rise in the U.S. oil rig count.

Brent settled up 40 cents, or 0.8 percent, at $51.78. For the week, it ended flat. U.S. West Texas Intermediate crude settled up 22 cents, or 0.4 percent, at $50.85 a barrel.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 25, 2016, 02:33:58 am
South Korea GDP Climbs 2.7% In Q3

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South Korea's gross domestic product expanded 2.7 percent on year in the third quarter of 2016, the Bank of Korea said in Tuesday's preliminary reading.

That beat forecasts for an increase of 2.4 percent, although it slowed from 3.3 percent in the previous three months.

On a seasonally adjusted annualized basis, GDP gained 0.7 percent - also exceeding forecasts for 0.5 percent but down from 0.8 percent in the three months prior.

Real gross domestic income slipped 0.3 percent on quarter.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 25, 2016, 04:14:53 am
Gold Prices Lower Amid Strong U.S. Economic Data

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Gold prices were lower as the solid U.S. economic data boosted the chances for the Federal Reserve to increase interest rates in the following months. Gold for December delivery was down 0.3 percent at $1,263.90 per troy ounce on the Comex division of the New York Mercantile Exchange.

U.S. manufacturers began the final quarter of 2016 on a positive note, with output and new order growth reaching one-year highs, according to Markit data. The firm figures helped strengthen the outlook that the Fed could increase interest rates in December. In the first eight months of this year, Hong Kong's net gold exports to mainland China add up to 555,300 kilograms, according to HSBC.

Silver for December delivery was up 0.6 percent to $17.60 per troy ounce, January platinum climbed 0.7 percent to $939.10 per troy ounce, while December palladium increased 1.6 percent to $630.74 per troy ounce.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 26, 2016, 02:43:29 am
Australia Inflation Gains 1.3% On Year In Q3

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Consumer prices in Australia were up 1.3 percent on year in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

That exceeded forecasts for 1.1 percent following the 1.0 percent increase in the previous three months.

On a quarterly basis, inflation jumped 0.7 percent versus forecasts for 0.5 percent and up from 0.4 percent in the three months prior.

The Reserve Bank of Australia's trimmed mean was up 0.4 percent on quarter and 1.7 percent on year, while the weighted median added 0.3 percent on quarter and 1.3 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 27, 2016, 04:14:16 am
Fxwirepro: South Korean Won Opens Onshore Trade at 1,139.0 Per Dollar; Stay Bullish

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/2.jpg)

USD/KRW is currently trading around 1,138 levels.   
It made intraday high at 1,139 and low at 1,136 marks.   
Intraday bias remains bullish till the time pair holds key support at 1,125 levels.   A daily close above 1,135 will drag the parity higher towards key resistances at 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   
On the other side, a sustained close below 1,125 will test key supports at 1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.   
In addition, South Korea’s Kospi was trading around 0.24 percent higher at 2,018.46 points.
We prefer to go long on USD/KRW only above 1,138, stop loss 1,117 and target 1,152/1,168.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 27, 2016, 04:32:21 am
Galaxy Note 7 Failure Weighs on Samsung’s Third-Quarter Profit

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Samsung Electronics Co. Ltd. reported a net profit drop of 16.8% to 4.54 trillion Korean won or $4.0 billion during the third quarter, as the problematic recall and discontinuation of its Galaxy Note 7 smartphone trimmed the tech firm's mobile earnings to its lowest level in almost eight years.

Samsung's mobile operating profit sank 96% from a year prior to 100 billion won after the Galaxy Note 7 was pulled from the market due to reported incidents of overheating. The company initiated a global recall on September 2 to replace the units, but decided to scrap the smartphone altogether on October 11 as reports that Note 7 are still fire-prone surfaced.

Total operating profit for the third quarter plunged 30% to 5.2 trillion won, a steep decline from almost 7.4 trillion won a year prior. Meanwhile, revenue declined 7.5% to 47.82 trillion won. The South-Korean company had initially projected a 7.8 trillion won profit but trimmed its guidance, adjusting the figures to reflect the losses sustained from the withdrawal of the Note 7.

Still, the company had an optimistic outlook for the fourth quarter and expects the earnings to regain ground and to reach the same level seen during the fourth quarter of 2015.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 28, 2016, 02:46:20 am
Fxwirepro: Taiwanese Dollar Gains Against U.s. Dollar on Robust Gdp Data

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USD/TWD is currently trading around 31.70 marks.   
It made intraday high at 31.74 and low at 31.62 marks.   
Intraday bias remains bearish till the time pair holds key resistance at 31.83 marks.   
A daily close above 31.83 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.   
On the other side, key support levels are seen at 31.55, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.   
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.   
Taiwan stocks open up 0.1 pct at 9,307.39 points.   
Taiwan preliminary Q3 GDP +2.06 pct y/y (poll median +1.8 pct).   
Taiwan preliminary Q3 GDP +4.54 pct q/q seasonally adjusted annualized rate vs +0.23 pct in Q2.   
Taiwan preliminary Q3 GDP +1.12 pct q/q seasonally adjusted quarterly rate vs +0.06 pct in Q2.
We prefer to go short on USD/TWD around 31.75, stop loss 31.83 and target of 31.55/31.38.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on October 28, 2016, 04:00:18 am
Alphabet Profit Lifted by Mobile Ad Strength

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Alphabet Inc. posted quarterly earnings and revenue that exceeded analysts' projections, causing the shares of the world's number two company by market value to advanced 1.6% in late-hours trading.

Google investors once had concerns how it would hone its web advertising business towards the mobile platform, but its recent strong performance reassured Wall Street that its transition is making headway.

Fueled by strong advertising on mobile phones and video ads on the video website YouTube, the Google parent's net income jumped 27% to $5.06 billion. Revenue rose 20% to $2.45 billion, notching the company's seventh consecutive quarter of double-digit revenue gains.

Paid clicks on Google ads surged 33% during the third quarter, up from the 29% increase seen during the previous quarter. Advertising revenue, which represents 89.1% of Google's overall revenue, soared 18.1% to $19.82 billion during the period. The search company posted earnings of $9.06 per share, beating estimates of earnings per share of $8.63 on a $22.05 billion revenue.

The firm also authorized a $7 billion repurchase of its Class C stock, meeting the demand of investors following a $5 billion buyback in the previous year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 02, 2016, 02:58:11 am
Fxwirepro: Usd/krw Hovers Around 1,148 Mark; Stay Bullish

(https://forex-images.instaforex.com/analysts/big_preview/bull/3.jpg)

USD/KRW is currently trading around 1,147 levels.   

It made intraday high at 1,148 and low at 1,145 marks.   

Intraday bias remains bullish till the time pair holds key support at 1,138 levels.   A daily close above 1,148 will drag the parity higher towards key resistances at 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   

On the other side, a sustained close below 1,138 will test key supports at 1,127/1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.   

In addition, South Korea’s Kospi was trading around 1.14 percent lower at 1,984.54 points.

We prefer to go long on USD/KRW only above 1,148, stop loss 1,138 and target 1,162.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 02, 2016, 04:16:16 am
U.S. Treasury Prices Regains Ground on Election Jitters

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Increasing apprehension over the upcoming U.S. presidential election on November 8 triggered investors' flight to safety instincts and fueled the demand for safe-haven bonds, driving the prices of U.S. Treasuries higher following an earlier session of declines.

Improved manufacturing data from China caused an initial selloff in the bond market, causing yields on the 10-year Treasury notes to rise close to a five-month high. The positive economic data alleviated worries of a continuing slump in China' economy and elevated outlook for global growth.

However, anxiety over the result of the impending election caused investors to be more risk-averted, increasing the demand for government debt. The latest result of the ABC News/ Washington Post poll indicated that while vote preference had basically remained the same, Democrat Party nominee Clinton has lost her advantage for the first time since May, with GOP candidate Donald Trump narrowly taking the lead.

The yield on the 10-year Treasury note closed at 1.822%, declining from a session peak of 1.877%. Yields on the two-year note fell by two basis points to 0.829% while the 30-year note lost 1.8 basis point to 2.571%.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 03, 2016, 02:43:25 am
Australia Has A$1.227 Billion Trade Deficit

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Australia had a seasonally adjusted merchandise trade deficit of A$1.227 billion in September, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a shortfall of A$1.70 billion following the upwardly revised A$1.894 billion deficit in August (originally -A$2.010 billion).

Exports were up 2.0 percent on month to A$27.254 billion after coming in at A$26.828 billion in the previous month.

Imports dipped 1.0 percent on month at A$28.481 billion after coming in at A$28.722 a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 03, 2016, 04:27:33 am
Dollar Weakens as Fed Kept Rates Unchanged

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The dollar trimmed losses after the U.S. Federal Reserve indicated a possibility of an interest-rate hike in December, however uncertainty regarding the U.S. presidential election weighed on the currency. The WSJ Dollar Index fell 0.3 percent.

The Fed kept short-term interest rates unchanged however it did indicate that it expects to increase rates by year-end. The statement of the Fed stated that inflation is strengthening and also implied that the bar to raising rates for the first time in a year is low. Fed-funds futures have shown that investors implied a 72 percent chance of a rate hike in December, according to CME Group data.

The dollar was lower against a basket of major currencies, led by the rand and the kiwi. The euro was stable at $1.1094. The Mexican peso fell 0.9 percent against the greenback. The Japanese yen climbed by nearly 0.6 percent and the Swiss franc rose by almost 0.1 percent against the dollar. Investors watch U.S. data for indications that the economy is firm enough for a rate hike by year-end.

The dollar index last traded at 97.404, after declining to as low as 97.178, its lowest since Oct 11.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 04, 2016, 03:02:40 am
Japan Services PMI Expands In October - Nikkei

The services sector in Japan swung to expansion in October, the latest survey from Nikkei revealed on Friday with a PMI score of 50.5.

That's up from 48.2 in September, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually output increased at firms, supported by a sharp expansion in new orders.

Business expectations were the strongest in six months, while inflationary pressures intensified to the greatest level in eight months.

The report also showed that the composite index jumped to 51.3 in October from 48.9 in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 04, 2016, 04:28:43 am
Starbucks Shares Advance After Posting Higher Quarterly Revenue

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Shares of Starbucks rose as much as 6%, before trading 0.9% higher at $52.30 in extended trading after posting quarterly results that beat estimates, easing concerns that the world's biggest coffee chain had fallen into a widespread restaurant slump.

The company reported adjusted earnings of 56 cents per share on $5.71 billion total revenue. Topped expectations of $5.68 billion revenue with 55 cents per-share earnings. In the same period during the previous year, Starbucks saw a $4.91 billion revenue and earned 43 cents per share.

Net income during the fourth quarter rose to $801 million or 54 cents per share, compared to the $625.5 million or 43 cents per share a year prior.

Despite the upbeat quarterly report, the coffee seller issued a cautious revenue guidance for the financial year of 2017. Starbucks projected net earnings of 50-51 cents per share during the first quarter which covers the holiday season, lower than expected profit of 55 cents per share.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 07, 2016, 03:33:21 am
Fxwirepro: Usd/jpy Jumps Above 104.00 Mark After Boj’s Meeting Minutes

(https://forex-images.instaforex.com/analysts/big_preview/usd_yena/1.jpg)

USD/JPY is currently trading around 104.02 marks.   
It made intraday high at 104.47 and low at 103.75 levels.   
Intraday bias remains bullish till the time pair holds key support at 102.55 levels.   A daily close above 104.16 will take the parity higher towards key resistances around 104.99, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.   
On the other side, a sustained break below 103.75 will drag the parity down towards key supports around 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.   
BOJ September meeting minutes: Some members said firms' cautious price-setting behaviour might continue for longer than expected.   
BOJ minutes: Many members shared the view that QQE had lowered real interest rates by raising inflation expectations and pushing down nominal interest rates.   BOJ minutes: One member said it was necessary to implement monetary policy that would raise inflation expectations.   
BOJ minutes: One member said change in the yield curve after adoption of negative rates had been largely induced by temporary, somewhat speculative moves.   
BOJ minutes: One member noted that achieving both an interest rate target and a quantitative target in the implementation of monetary policy was difficult.   
Japan September overtime pay increases to -1.3 % vs previous -1.9 %.   
In addition, Japan’s Average Cash Earnings rose to a seasonally adjusted 0.2%, from 0.0% in the preceding quarter whose figure was revised up from -0.1%.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 07, 2016, 04:38:47 am
Japan September Real Wages Edge Up as Consumer Prices Fall

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Japan's real wages climbed for the eighth month in a row in September according to official data, propped-up by declining consumer prices as the economy exhibit meager signs of rising inflation.
Real wages, which are revised for inflation, climbed 0.9% year-on-year in September, growing faster than a revised 0.6% increase in the prior month. Meanwhile, nominal cash earnings climbed 0.2 in September from a year prior. Revised figures indicated that last month, nominal wages were flat year-on-year.

Separate data showed core consumer prices extended its seventh month of decline while spending among Japanese households slumped in September.

Special payments, including bonuses, dropped at an annual rate of 2.9% in September, compared to a 0.5% annual decline in the previous month. Overtime pay dropped 1.3% year-on-year in September. Regular pay, on the other hand, rose an annual 0.4%.

BOJ policymakers initially anticipated its bold monetary easing and massive fiscal spending to jumpstart economic growth, which would drive up real wages and stimulate inflation. On the contrary, consumer prices slowed down due to tepid growth, which consequentially drove up real wages but will not be beneficial to the economy.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 08, 2016, 03:23:01 am
Australia Business Confidence Ebbs In October - NAB

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Business confidence in October remained positive in October, albeit at a slower pace, the latest survey from the National Australia Bank revealed on Tuesday with an index score of +4.

That's down from +6 in September, although it didn't slip into pessimism with a negative score.

Business conditions also slowed, coming in at +6 - down from +8 in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 08, 2016, 04:03:16 am
Canadian Ford workers approve new contract –union

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Canadian workers at Ford Motor Co agreed on a new four-year contract with the carmaker, the president of the Oakville, Ontario, local said on Sunday.

The workers approved the new contract despite some members' criticisms at Ford's Oakville assembly, stopping a strike, and after months of talks between the Unifor union and General Motors Co, Fiat Chrysler Automobiles and Ford.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 09, 2016, 01:47:11 am
Japan Has Y1.821 Trillion Current Account Surplus

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Japan had a current account surplus of 1.821 trillion yen in September, the Ministry of Finance said on Wednesday - up 25.4 percent on year.

That was shy of expectations for 2.020 trillion yen and down from 2.000 trillion yen in August.

The trade surplus came in at 642.4 billion yen - shy or forecasts for 668.8 billion yen and up from 243.2 billion yen in the previous month.

Exports were down 8.3 percent on year to 5.838 trillion yen, while imports skidded 17.5 percent to 5.196 trillion yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 09, 2016, 04:36:45 am
Gold Lower Ahead of U.S. Presidential Vote Results

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Gold prices edged down as the dollar and global equity markets strengthened while investors await the results of the contentious U.S. presidential election. Gold for December delivery was down 0.3 percent at $1,275.90 per troy ounce on the Comex division of the New York Mercantile Exchange.

Investors are broadly expecting a victory for Mrs. Clinton and also indicated that a market shock is expected if Donald Trump becomes president. Spot gold declined 0.3 percent to $1,277.16 per ounce. Analysts claim that a victory for Trump would produce more uncertainty in the market and could raise the appeal of gold as a hedge against risk. David Govett, the head of precious metals at Marex Spectron says that a Clinton victory means that gold may decline around $30 to the $1,250 per troy ounce area. However, if Trump wins it could prompt a raise in prices of nearly $100 per troy ounce.

In other precious metals, Silver climbed 0.8 percent to $18.35 per ounce. Platinum rose 0.1 percent at $1,001.75 and palladium was up 1.8 percent to $663.50.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 10, 2016, 02:14:19 am
Japan Core Machine Orders Tumble 3.3% In September

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Core machine orders in Japan skidded 3.3 percent on month in September, the Cabinet Office said on Thursday - standing at 843.7 billion yen.

That missed expectations for a fall of 1.5 percent following the 2.2 percent decline in August.

On a yearly basis, core machine orders picked up 4.3 percent - also exceeding forecast for 4.1 percent following the 11.6 percent spike in the previous month.

The total number of machinery orders, including those volatile ones for ships and from electric power companies, fell 0.7 percent on month and gained 0.9 percent on year to 972.1 billion yen.

Manufacturing orders slid 5.0 percent on month and 1.5 percent on year to 335.5 billion yen in September, while non-manufacturing orders fell 0.9 percent on month and jumped 7.8 percent on year to 510.3 billion yen.

Government orders skidded 10.3 percent on month and 25.2 percent on year to 220.6 billion yen. Orders from overseas gained 1.4 percent on month and fell 16.7 percent on year to 785.0 billion yen. Orders from agencies added 5.6 percent on month and 7.6 percent on year to 121.4 billion yen.

For the third quarter of 2016, core machine orders were up 7.3 percent on quarter and 6.5 percent on year.

For the fourth quarter, core machine orders are forecast to have fallen 5.9 percent on quarter and gain 3.7 percent on year.

Also on Thursday, the Bank of Japan said that the M2 money stock in Japan was up 3.7 percent on year in October, coming in at 945.1 trillion yen.

That exceeded forecasts for 3.6 percent following the downwardly revised 3.5 percent increase in September (originally 3.6 percent).

The M3 money stock advanced an annual 3.2 percent versus forecasts for 3.1 percent after gaining a downwardly revised 3.0 percent in the previous month (originally 3.1 percent).

The L money stock added 1.9 percent to 1,656.0 trillion yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 10, 2016, 04:52:01 am
Clinton Delivers Concession Speech, Pledges to Work with Trump

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Defeated candidate for U.S. president Hillary Clinton made her first appearance to the public after reportedly conceding to president-elect Donald Trump over the phone on Wednesday.

Speaking in New York, the Democrat candidate said she hoped Mr. Trump would be a triumphant president for all Americans, adding that Trump must be given an opportunity to lead. Clinton stated that the country was more deeply fractured than initially estimated and urged her supporters to respect the outcome of the election.

Despite telling her supporters that the loss was painful, she said that she has offered to work with Trump as he gets ready to start his four-year term on January 20.

The Republican is set to become the 45th U.S. president follows his stunning win over the highly-favoured Clinton. New Jersey Governor will lead Trump's transition team during the 10-week period until his inauguration.

In his conciliatory victory speech, Trump said his first priorities entails restoring the nation's infrastructure and stimulating its economic growth.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 11, 2016, 02:25:24 am
Japan Producer Prices Slip 0.1% In October

(https://forex-images.instaforex.com/analysts/big_preview/japan/1.jpg)

Producer prices in Japan were down 0.1 percent on month in October, the Bank of Japan said on Friday.

That was shy of expectations for a flat reading, which would have been unchanged from the September reading.

On a yearly basis, producer prices fell 2.7 percent versus forecasts for -2.6 percent following the 3.2 percent drop in the previous month.

Export prices were up 0.1 percent on month and down 0.7 percent on year, the bank said, while import prices gained 1.1 percent on month but dropped 4.7 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 11, 2016, 04:35:12 am
Bitcoin ascends on Trump election win

(http://forex-images.mt5.com/prime_news/preview/5825103300792.jpg)

Bitcoin leaped as investors sought refuge in the virtual currency following Donald Trump's monumental victory in the recent US presidential election.

Bitcoin prices climbed to $742.96 on Wednesday, up 4.6%, within striking distance of the $777 it touched before Brexit. The digital currency reached near its 35-month high against the British pound despite a global sell-off.

Bitcoin, often considered as one of the most perilous and volatile assets in the world, has been shaped by its erratic movement. In 2013, the cryptocurrency's price surged from less than $10 to more than $1,000. However, its value plummeted prior to a downfall of Mt. Gox after a cyber attack where several users lose thousands.

But growing confidence in bitcoin and global skepticism about other assets have seen its value almost double since the beginning of the year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 14, 2016, 02:26:50 am
Japan GDP Jumps 2.2% On Year In Q3

(https://forex-images.instaforex.com/analysts/big_preview/japan/1.jpg)

Japan's gross domestic product spiked 2.2 percent on year in the third quarter of 2016, the Cabinet Office said in Monday's preliminary report.

That was well above forecasts for a gain of 0.8 percent following the 0.7 percent increase in the three months prior.

On a quarterly basis, GDP expanded 0.5 percent - also topping expectations for 0.2 percent, which would have been unchanged from Q2.

Nominal GDP was up 0.2 percent versus forecasts for a decline of 0.1 percent following the 0.3 percent gain in the previous three months.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 14, 2016, 04:23:34 am
Mexican Peso Recovers as Trump Eases Campaign Pledges

(http://forex-images.mt5.com/prime_news/preview/58292768d6e98.jpg)

The Mexican peso rose over one percent to about 20.64 pesos per U.S. dollar in Asian trading as U.S. President-elect Donald Trump seemed to abate some of his more controversial campaign pledges that were perceived to have a negative impact on the Mexican economy.

The peso has dropped to a historic low following Trump's stunning election win last week on concerns that he will seek to follow through with his campaign platforms to lower trade and to establish a wall between the two nations, while also deporting around 11 million people living in the U.S. without proper documents. Trump's upset has hit Mexican assets hard, as the peso plummeted to a low of over 21 pesos against the greenback, prompting analysts to also lower their economic outlook for the nation.

Trump backpedaled on his promise to construct a border wall on Sunday, stating some areas could instead have fenced segments, and stated that he would seek to deport around three million immigrants in the nation who are proven to have criminal records.

To date, the central bank of Mexico, who will hold its next meeting later this week, has not stepped in to stem the peso's decline.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 15, 2016, 02:41:19 am
Fxwirepro: Usd/sgd Rejects Key Resistance at 1.4179, Short Term Trend Reversal Likely

(https://forex-images.instaforex.com/analysts/big_preview/dollar/8.jpg)

USD/SGD is currently trading around 1.4124 marks.   

It made intraday high at 1.4151 and low at 1.4109 levels.   

Intraday bias remains bearish till the time pair holds key resistance at 1.4179 marks.   

A sustained break above 1.4179 will test key resistances at 1.4228, 1.4336 and 1.4443 levels respectively.   

Alternatively, a consistent close below 1.4126 will drag the parity down towards key supports at
1.4072/1.3970/1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.   

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current down side movement is short term trend correction only.   

Singapore will release retail sales data at 0500 GMT.
We prefer to go short on USD/SGD around 1.4125 with stop loss at 1.4179 and target of 1.4072/1.3970.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 15, 2016, 04:31:16 am
​Apple Extends Recent Losses After iPhone Sales Warning

(http://forex-images.mt5.com/prime_news/preview/582a816b7d461.jpg)

Apple's stocks continued its losing streak on Monday after issuing a warning to investors that sales of its iPhones could decline if President-Elect Trump enacts his campaign threat to slap new tariffs on China-imported goods.

The tech giant's stock lost 2.5% in the latest session, bringing its losses since last week's election to around 5%.

An editorial article published in the Chinese government-supported Global Times cautioned of eye-for-eye reprisal should Trump push through his promise to impose 45% tariffs on all products and goods imported from China, adding to the growing concerns of Apple investors.

The op-ed stated threatened that Boeing orders will be substituted by Europe's Airbus, U.S. automobile and iPhones sales in the Chinese market will decline and imports of U.S. soybean and corn imports will be suspended.

The smartphone maker is one of the several major tech stocks such as Amazon, Facebook, and Alphabet that has suffered losses since Tuesday's elections as investor relocate their funds into financial and public works firms that are speculated to highly benefit from deregulation and infrastructure spending under President-elect Trump's administration.

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Title: Re: Forex News from InstaForex
Post by: IFX Yvonne on November 16, 2016, 05:01:41 am
Gold Prices Fluctuate, Jolted by Dollar

(http://forex-images.mt5.com/prime_news/preview/582bd1e4bb67b.jpg)

Gold prices fluctuated between gains and losses due to the weaker U.S. dollar and climbing stock markets. Spot gold fell 0.02 percent at $1,225.08 per troy ounce.

The precious metal was near above a five-month low with gold declining sharply as equity markets and other commodities gained after the election of Donald Trump last week. Gold prices await the timing of the next rate hike by the Federal Reserve. Fed fund futures implied an 86 percent likelihood of a rate hike in December, according to the CME. Bullion for immediate delivery was up 0.1 percent to $1,223.08 per ounce, according to Bloomberg generic pricing. Holdings in gold-backed exchange-traded funds was down 4.88 metric tons to 1,966.3 tons, as stated in data compiled by Bloomberg.

Other precious metals were mixed. Silver was slightly unchanged at $17.04 per troy ounce. Platinum fell 0.24 percent at $942.24 per troy ounce while palladium rose 0.79 percent at $704.75 per troy ounce.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 17, 2016, 02:16:06 am
Australia Unemployment Rate Steady At 5.6% In October

(https://forex-images.instaforex.com/analysts/big_preview/unemployment-rate/11.jpg)

The unemployment rate in Australia came in at a seasonally adjusted 5.6 percent in October, the Australian Bureau of Statistics said on Thursday.

That was beneath expectations for 5.7 percent and unchanged from the September reading.

The Australian economy added 9,800 jobs in October - again missing expectations for an increase of 15,000 following the loss of 9,800 jobs in the previous month.

The participation rate was steady at 64.4 percent, shy of forecasts for 64.6 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 17, 2016, 04:29:29 am
Cisco’s Disappointing Profit Guidance Sends Shares Lower

(http://forex-images.mt5.com/prime_news/preview/582d2842b2b18.png)

Cisco Systems Inc.'s adjusted profit estimate for the present quarter missed analysts' projections as the company's core business continues to struggle with weak demand, sending its shares tumbling by more than 4% in late hours trading.

The company said expects adjusted profit of 55-57 cents per share during the second quarter, falling under analysts' median estimate of 59 cents per share earnings on a $12.33 billion revenue.

The world's biggest networking gear maker has been stepping up its wireless and security divisions to counter the softness in its core switch and routers business, which is also struggling with strong competition from rival companies. Still, the newer business units are not expanding fast enough to offset the declines in its main networking division.

Revenue from the firm's switching business declined by 7% to $3.72 billion during the August-October period.Security business evenue climbed 11% to $540 million while revenue in the wireless unit dropped 2% to $632 million.

Net profit dropped 4.4% to $2.32 billion as revenue declined 2.6% to $12.35 billion, with earnings of 61 cents per share.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 18, 2016, 01:57:26 am
Usd/krw opened at 1181.0, Higher Than implied Ny Ndf Closing

(https://forex-images.instaforex.com/analysts/big_preview/dollar/11.jpg)

Pair rises up to 1181.5, prints new 5 month high, last at 1180.6
USD bullish after Yellen's testimony hints at Dec rate hike
UST 10y yield climbs to highest since Dec 2015
Pair likely to test stoploss orders above 1200 psychological level

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 18, 2016, 04:05:18 am
Gold Slips on Firm Dollar, Yellen Comments

(http://forex-images.mt5.com/prime_news/preview/582e6f2a8175a.jpg)

Gold prices dropped to a 5-½ month low as the dollar index reached a 13-1/2 year peak on upbeat U.S. economic data as well as comments by U.S. Federal Reserve Chairwoman Janet Yellen that boosted the chances for increasing rates in December. Spot gold fell 0.8 percent at $1,215.50 per ounce.

U.S. gold futures were down 0.6 percent at $1,216.90 an ounce. Gold moved lower as the greenback climbed to the highest since 2003 against a basket of six major currencies. Spot gold has lost nearly nine percent from its six-week high hit briefly following the U.S. election on Nov. 9. Latest data has shown the largest rise in U.S. consumer prices in six months and unemployment claims dropped to a 43-year low.

Among other precious metals, palladium climbed as much as 1.7 percent to $734.40, the highest since Aug.10. Palladium was down 0.7 percent at $937.60 per ounce and silver fell 1.9 percent to $16.64.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 20, 2016, 09:08:24 pm
Japan Has Y496.174 Billion Trade Surplus

(https://forex-images.instaforex.com/analysts/big_preview/japan/1.jpg)

Japan had a merchandise trade surplus of 496.174 billion yen in October, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 610.0 billion following the downwardly revised 497.6 billion yen deficit in September (originally 498.3 billion).

Exports were down 10.3 percent on year, missing forecasts for a fall of 8.5 percent following the 6.9 percent decline in the previous month.

Imports sank an annual 16.5 percent versus expectations for a decline of 16.1 percent after sliding 16.3 percent a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 20, 2016, 11:03:26 pm
Asia-Pacific Summit Calls for Free Trade

(http://forex-images.mt5.com/prime_news/preview/58326867f168d.jpg)

The leaders of the 21-Asia Pacific nation called for the resistance against protectionism amidst indications of raised free-trade speculation, emphasized by Donald Trump's win in the U.S. presidential election. The Asia Pacific Economic Cooperation forum also ended with a joint pledge to work on a new free trade agreement which will include all 21 members despite the political climate.

APEC has mentioned the "rising skepticism over trade" in between the uneven recovery since the financial crisis and stated that "the benefits of trade and open markets need to be communicated to the wider public more effectively, emphasizing how trade promotes innovation, employment and higher living standards." U.S. President Barack Obama said that one of the ways to address income inequality and to produce jobs is by coming up with a trade policy and agreements like the Trans-Pacific Partnership pact that can raise exports to the Pacific rim countries.

The statement of APEC has also mentioned that the members will conform to the carbon reduction goals to focus on climate change, a concern which they called a threat to food production and food security.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 21, 2016, 09:30:59 pm
Fxwirepro: Usd/sgd Rejects Key Resistance at 1.4289, Short Term Trend Reversal Likely

(https://forex-images.instaforex.com/analysts/big_preview/dollar/4.jpg)

USD/SGD is currently trading around 1.4218 marks.   
It made intraday high at 1.4243 and low at 1.4201 levels.   
Intraday bias remains bearish till the time pair holds key resistance at 1.4289 marks.   
A sustained close above 1.4289 will test key resistances at 1.4336, 1.4443 and 1.4481 levels respectively.   
Alternatively, a consistent close below 1.4216 will drag the parity down towards key supports at 1.4128/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.   
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term correction only.
We prefer to go short on USD/SGD around 1.4225 with stop loss at 1.4289 and target of 1.4132.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 21, 2016, 11:37:10 pm
Dollar Retreats From 10-Day Rally

(http://forex-images.mt5.com/prime_news/preview/5833aefa4163b.jpg)

The dollar declined as investors gained profits on its longest rally in four years. The WSJ Dollar index fell 0.5 percent to 91.21.

The dollar rose for 10-straight sessions, its longest winning streak since May 2012. The greenback has jumped since the presidential election, with investors betting that President-elect Donald Trump's plans to raise fiscal spending and reduce taxes will bolster U.S. growth. Investors are growing more confident that the U.S. Federal Reserve will increase interest-rates in December. Fed-funds futures has shown a 95 percent likelihood of an interest-rate hike next month, according to CME Group data.

Emerging-market currencies rebounded against the dollar following a sharp sell off. The dollar fell 0.9 percent versus the Brazilian real, one percent versus the Mexican peso and 0.2 percent versus the Singapore dollar.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 22, 2016, 09:49:17 pm
Australia Construction Work Slides 4.9% In Q3

(https://forex-images.instaforex.com/analysts/big_preview/australia/4.jpg)

The total value of construction work done in Australia was down a seasonally adjusted 4.9 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday - coming in at A$46.147 billion.

That follows the 3.7 percent decline in the previous three months.

On a yearly basis, the value of construction work tumbled 11.1 percent.

The value of building work was down 5.7 percent on quarter and up 1.4 percent on year to A$25.886 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 22, 2016, 11:07:28 pm
Dollar Borders on 13 ½-year peak, Lifted by Rate Hike Outlook

(http://forex-images.mt5.com/prime_news/58350dcaedc72.jpg)

The dollar nears a 13 ½-year high, boosted by upbeat U.S. housing data which further sealed expectations for a Federal Reserve raise in rates by year-end as well as more tightening in 2017. The greenback was at 100.98 against a basket of six major currencies.

Latest U.S. data has shown that home resales in the previous month climbed to its highest level in over 9 ½ years. The dollar has increased broadly in the past couple of weeks, buoyed by expectations that Donald Trump's administration will raise fiscal spending. The greenback was flat against the Japanese yen at 111.07. The euro last traded at $1.0631, having reached a near one-year low of $1.0569 during the previous week.

Fed funds futures have shown a 94 percent likelihood that the Fed will increase rates in December, according to CME Group data.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 23, 2016, 09:12:00 pm
Japan Manufacturing Sector Slows In November - Nikkei

(https://forex-images.instaforex.com/analysts/big_preview/nikkei/6.jpg)

The manufacturing sector in Japan continued to expand in November, albeit at a slower pace, the latest survey from Nikkei showed on Thursday with a manufacturing PMI score of 51.1.

That's down from 51.4 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, output, new orders, new export orders, employment, input prices and stocks of purchases all were in expansion territory.

Backlogs of work, stocks of finished goods and quantities of purchases contracted.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 23, 2016, 11:20:28 pm
Dollar Strengthens after Positive U.S. Data

(http://forex-images.mt5.com/prime_news/58365aaa1de30.jpg)

The dollar strengthened following the latest U.S. upbeat data that has shown economic growth early in the fourth quarter, raising the chances of the Federal Reserve tightening monetary policy. The dollar index climbed 0.1 percent to 101.79.

Investors are implying in almost a 100 percent likelihood of a December Fed rate hike, according to CME FedWatch. Latest U.S. data has shown new orders for U.S. manufactured capital goods rebounded in October due to increasing demand for equipment and machinery. The dollar rose 0.1 percent at 112.56 against the Japanese yen.

The euro brushed off the positive reading on business activity and fell 0.1 percent to $1.0540.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 24, 2016, 09:16:13 pm
Fxwirepro: Yen Hits Lowest Level Since Late March After Japan’s Core Cpi Datal

(https://forex-images.instaforex.com/analysts/big_preview/japan/5.jpg)

USD/JPY is currently trading around 113.67 marks.   

It made intraday high at 113.79 and low at 113.18 levels.   

Intraday bias remains bullish till the time pair holds key support at 112.35 levels.   

A daily close above 113.30 will take the parity higher towards key resistances around 114.55, 115.32 and 117.25 levels respectively.   

On the other side, a sustained break below 113 will drag the parity down towards key supports around 112.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.   

Japan’s November CPI, overall Tokyo increase to 0.5 % vs previous 0.1 %.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 24, 2016, 11:37:50 pm
Japan’s Consumer Prices Extends Decline in October

(http://forex-images.mt5.com/prime_news/5837aafcaf106.jpg)

Japan's consumer prices logged its eighth consecutive month of annual declines in October, highlighting how far the country is from overcoming deflation.

Official government data showed core consumer price index fell 0.4% in October year-on-year after a 0.5% decline in September. The October figures also matched estimates. Meanwhile, overall CPI edged up 0.1% as a rise in fresh food prices offset the continued decline in energy costs.

Prices of fresh food rose 11.4% in October due to calamities and unfavorable summer weather, which attributed almost 0.5 percentage point to the increase in total CPI. However, energy costs fell 7.9%, pulling down inflation by around 0.6 percentage point.While declining prices of gasoline and electricity continued to pressure inflation rates, almost 60% of all items composing the index saw an increase in prices, data revealed.

Core-core Inflation Index, which does not include the volatile prices of food and energy, advanced 0.2% in October from a year-prior period, higher than the forecast of a 0.1% rise. However, soft domestic activity raises doubt on the possibility of a sustained recovery.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 27, 2016, 09:14:03 pm
Fxwirepro: Singapore Dollar Gains in Early Hours of Asia, Intraday Bias Remains Bearish

(https://forex-images.instaforex.com/analysts/big_preview/singapore/5.jpg)

USD/SGD is currently trading around 1.4239 marks.   
It made intraday high at 1.4283 and low at 1.4236 levels.   
Intraday bias remains bearish till the time pair holds key resistance at 1.4345 marks.   
A sustained close above 1.4280 will test key resistances at 1.4345, 1.4443, 1.4481 and 1.4556 levels respectively.   
Alternatively, a consistent close below 1.4280 will drag the parity down towards key supports at 1.4201/1.4128/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.   
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to go short on USD/SGD around 1.4250 with stop loss at 1.4345 and target of 1.4201/1.4128.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 27, 2016, 11:42:20 pm
Gold Edges Up From 9-½ -Month Low as Dollar Eases

(http://forex-images.mt5.com/prime_news/583b9cd81d442.jpg)

Gold climbed after slipping to a 9-½ month low during the previous session, as the U.S. dollar retreated after reaching near 14-year highs last week. Spot gold climbed 0.55 percent at $1,189.43 per ounce.

U.S. gold futures was up 0.9 percent to $1,189.0 an ounce. Oil prices slipped on concerns that producer countries might not come up with a final agreement to reduce output, pressuring U.S. stock futures and Asian shares. Gold premiums in China rose to the highest in almost three years in the week to Nov. 25 on uncertainty regarding a supply shortage that traders claim were because of Beijing's attempt to restrict import licenses.

SPDR Gold Trust said that its holdings declined 0.73 percent to 885.04 tonnes on Friday.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 28, 2016, 09:47:49 pm
Fxwirepro: South Korean Won Opens Onshore Trade at 1,169.5 Per U.s. Dollar, Faces Strong Support at 1,162

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/3.jpg)

USD/KRW is currently trading around 1,167 levels.   
It made intraday high at 1,170 and low at 1,166 marks.   
Intraday bias remains bearish till the time pair holds key resistance at 1,172 levels.   A daily close above 1,172 will drag the parity higher towards key resistances at 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.   
On the other side, a sustained close below 1,172 will test key supports at 1,162/1,152/1,146/1,132/1,127/1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.   
Seoul shares open down 0.05 pct at 1977.10.
We prefer to go short on USD/KRW around 1,168, stop loss at 1,172 and target of 1,160.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 28, 2016, 10:58:43 pm
Wall Street Retreats As Discretionary Stocks Pullback

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U.S. stocks retreated for their worst performance in almost a month, pressure was added by the pullback in the financial and consumer discretionary sectors. Investors have placed bets that President-elect Donald Trump's policies might improve domestic growth, reduce corporate taxes and raise infrastructure spending.

The Dow Jones Industrial Average dropped 0.28 percent to 19,097.9. The S&P 500 slipped 0.53 percent to 2,201.72 while the Nasdaq Composite fell 0.56 percent to 5,368.81. Three of the top four decliners on the S&P 500 were banks, as Wells Fargo lost two percent, Bank of America was down 2.7 percent while Citigroup fell 2.3 percent. Amazon dropped 1.7 percent at $766.77, and was the largest decliner on the Nasdaq. Time Inc rose 17.6 percent to $16 following the New York Post report that the publisher rejected a takeover bid from investor Bronfman Jr.

The CBOE Volatility Index (VIX), widely considered the best measure of fear in the market, traded higher, near 13.2.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 29, 2016, 09:12:19 pm
Fxwirepro: Aud/nzd Stabilizes Below 1.05 Mark After mixed Housing Data from Australia

(https://forex-images.instaforex.com/analysts/big_preview/australia/1.jpg)

AUD/NZD is currently trading around 1.0485 marks.   
Pair made intraday high at 1.0501 and low at 1.0481 marks.   
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0532 marks.     
A sustained close above 1.0532 will drag the parity higher towards key resistances at 1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.   
Alternatively, a consistent close below 1.0479 will take the parity down towards key supports around 1.0446, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.   
Australia’s October building approvals decreases to -12.6 % (forecast 1.5 %) vs previous -8.7 %.   
Australia’s October private sector credit increases to 0.5 % (forecast 0.4 %) vs previous 0.4 %.   
Australia’s October housing credit increases to 0.6 % vs previous 0.5 %.   
Australia’s October private house approvals decrease to -3.4 % vs previous 2.3 %.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 29, 2016, 11:04:12 pm
Dollar Stalls Ahead of OPEC Meeting

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The dollar fluctuated against the yen and euro, as traders prepared ahead of the OPEC meeting that could possibly turn financial markets and pressure the U.S. currency. The greenback was steady at 112.430 against the Japanese yen while the euro was flat at $1.0648.

The dollar index was little changed at 100.98 after declining 0.4 percent the previous day. The U.S. currency has recently stalled, as Treasury yields showed signs of peaking for now amidst purchasing by investors' month-end portfolio rebalancing. This is probably why the dollar failed to capitalize on latest positive data that showed U.S. third quarter GDP and much-stronger-than-expected November consumer confidence figures. The Canadian dollar was little changed at C$1.3432 a dollar.

The Australian dollar was flat at $0.7485 AUD, within hitting a 12-day peak of $0.7497 the previous day. The pound was fixed at $1.2490 GBP after climbing 0.6 percent the day earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 30, 2016, 09:35:17 pm
Australia Capital Spending Slips 4.0% In Q3

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Capital spending in Australia was down a seasonally adjusted 4.0 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Thursday - coming in at A$28.030 billion.

That missed forecasts for a fall of 3.0 percent following the 5.2 percent decline in the three months prior. On a yearly basis, capex tumbled 13.7 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 01, 2016, 12:09:00 am
Oil Surges as OPEC Strikes Production Cut Deal

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OPEC members managed to reach a deal to cut oil output, causing crude prices to jump more than 8% after months of struggling with declines due to market uncertainty regarding the capability of the group to reach an agreement.

The deal was made possible when Saudi Arabia and Iran, whose disputes blocked the deal which looked to end the oil glut persisting in the market, reached a compromise. Iran was allowed to raise its production, while Saudi Arabia conceded to take the lion's share of the cuts.

The oil producer cartel announced that it would reduce production by 1.2 million barrels per day from its current level of 33.6 million bpd beginning January 2017. It also expects producers who are non-OPEC members, including Russia, to join the cuts adding up to 600, 000 bpd.

The cuts were bigger than anticipated and equals around 1% of total global production. Oil prices soared and shares of oil companies surged more than 10% after the agreement was confirmed.

U.S. crude rose $4.21 or 9.3% and traded at $49.44 per barrel. Meanwhile, global benchmark Brent crude rose $4.09 or 8.8% and settled at $50.47.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 01, 2016, 09:26:00 pm
Japan Monetary Base Climbs 21.5% In November

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The monetary base in Japan was up 21.5 percent on year in November, the Bank of Japan said on Friday - coming in at 417.657 trillion yen.

That follows the 22.1 percent spike in October.

Banknotes in circulation added 4.7 percent on year, while coins in circulation gained 1.0 percent.

Current account balances surged an annual 28.2 percent in November, including a 26.8 percent jump in reserve balances.

The adjusted monetary base soared 26.0 percent to 412.167 trillion yen, after rising 17.9 percent a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 01, 2016, 11:20:15 pm
Dollar Edges Down after Solid November Gains

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The dollar slipped against a basket of currencies, with traders booking gains after a positive November on speculation of a stronger U.S. economy under the administration of Trump and ahead of the government payrolls report. The dollar index was down 0.4 percent to 101.06.

The pound climbed as much as nearly 1.6 percent to a three-week peak against the U.S. currency of $1.2696. The dollar retreated from a previous nine-month high against the yen at 114.82, before slipping 0.4 percent to 114.03 yen in late trading. The euro firmed after a report that the European Central Bank will continue its bond buying beyond next March and has considered to send a formal signal next week that the asset purchase program will sometime end. The dollar's weak beginning in December mirrored higher U.S. Treasury yields after a positive data on manufacturing and construction spending.

The dollar index hit a 13-1/2-year high of 102.05 the previous week, and for November it advanced 3.1 percent. The euro rose 0.6 percent at $1.0649.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 04, 2016, 09:22:30 pm
China Services PMI Jumps To 53.1 In November - Caixin

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The services sector in China continued to expand in November, and at a faster pace, the latest survey from Caixin showed on Monday with a PMI score of 53.1.

That's up from 53.4 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The survey also showed that the composite index was unchanged at 52.9.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 04, 2016, 11:25:19 pm
British Government Unveils $634 Billion Infrastructure-Investment Plan

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The U.K. mapped out its infrastructure-investment plan, disclosing 500 billion pounds or $634 billion worth of projects slated to be launched in the following years.

Government investment constitutes around 40% of the infrastructure-investment pipeline after British Finance Minister Philip Hammond detailed plans for a National Productivity Investment Fund in November estimated to amount to 23 billion pounds. Infrastructure projects included are the Thames Tideway Tunnel, smart meters and upgrading the A14 highway located in eastern England.

Funding from the private represents more than half of the pipeline to 2020-2021, aiding in delivering projects varying from transport and internet connectivity to flood defenses and housing, according to the Treasury.

In a statement, Treasury Chief Secretary David Gauke said the spending plan is a clear indication that the government is intent on ensuring that U.K.'s infrastructure is up to date.

Enhancing productivity using targeted investments was the major goal laid out by Hammond during his Autumn Statement as he readies the British economy from any Brexit-induced shocks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 05, 2016, 09:26:30 pm
Australia Q3 Current Account Deficit A$11.358 Billion

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Australia's seasonally adjusted current account deficit narrowed to A$11.358 billion in the third quarter of 2016, the Australian Bureau of Statistics said on Tuesday - owing to higher export commodity prices.

That follows the A$15.943 billion shortfall in the three months prior.

The balance on goods and services marked a deficit of A$4.682 billion following the A$7.381 billion shortfall in Q2.

Net exports of GDP eased 0.2 percent, unchanged from the previous quarter. The net goods and services surplus fell A$871 million (61 percent) to A$561 million.

Exports of goods and services climbed A$2.860 billion (4 percent) and imports of goods and services gained A$162 million. The primary income deficit fell A$1.946 billion (24 percent).

Australia's net international investment position was a liability of A$1,043.3 billion at 30 September 2016, increasing 1 percent on the revised 30 June 2016 position of A$1,037.9 billion.

Australia's net foreign debt liabilities increased A$0.8 billion to a net liability position of A$1,048.5 billion.

Australia's net foreign equity assets tumbled A$4.6 billion (47 percent) to a net asset position of A$5.2 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 05, 2016, 11:53:36 pm
Oil Prices Retreat as Supply Rises Ahead of 2017 Production Cut

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Oil prices fell in early Asian trading as crude production in almost all major export regions despite a planned production cut by OPEC and Russia, raising fears that an oil glut that has persisted in the market for more than two years might extend into its third year in 2017.

International Brent crude oil futures traded down 39 cents at $54.44 per barrel, declining 0.7% from their last finish. Meanwhile, the U.S. WTI crude futures were down 47 cents or 0.9%, at $51.32 a barrel.

Traders said the decline in prices were caused by the increasing production from OPEC and Russia. The producer cartel's production has posted another record high in the previous month, scaling to 34.19 million bpd in November from the 33.82 million bpd in October. On Friday, Russia said its average daily production reached 11.21 million bpd last month, its highest daily output in nearly three decades.

Their combined output alone attributed for almost half of total global oil demand, which is currently at the 95 million bpd level.

The alarmingly high production figures comes just after OPEC and Russia struck a historic deal to cap output in 2017 which caused oil prices to rally, causing investors to worry that the planned cut will not be big enough to dent the oil glut.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 06, 2016, 09:31:31 pm
Fxwirepro: Eur/krw Rejects Key Resistance at 1,260 Mark, Downside Limited

(https://forex-images.instaforex.com/analysts/big_preview/down_market/4.jpg)

EUR/KRW is currently trading around 1,253 mark.   
Pair made intraday high at 1,255 and low at 1,252 levels.   
Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1,254 mark.   
A sustained close above 1,254 will take the parity higher towards key resistance around 1,260, 1,269 and 1,272 marks respectively.   
Key supports are seen at 1,248, 1,242, 1,238, 1,227, 1,222 and 1,210 marks respectively.   
Seoul shares open up 0.29 pct.
We prefer to go long on EUR/KRW around 1,250, with stop loss at 1,242 and target of 1,260/1,268/1,272.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 06, 2016, 11:43:40 pm
Oil Sinks on Skepticism Supply Cut Will Be Big Enough to End Glut

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Prevailing apprehension that a planned crude output cut by OPEC and Russia would be strong enough to end the two-year oil glut in the market pulled down oil prices on Wednesday.

Benchmark Brent crude oil futures traded down 24 cents or 0.45% at $53.69 per barrel, while U.S. WTI crude futures slipped 19 cents or 0.37% from their last finish at $50.74 per barrel.

Oil prices rallied as high as 19% after OPEC and Russia struck a deal to jointly limit output in 2017 in a move to support the oil market.

However, skepticism have since surfaced about whether the planned production cuts will be strong enough to end oversupply as both parties involved in the agreement reported record production volumes in the previous month.

With virtually almost every crude exporting region producing at record amounts, there is persisting skepticism in the market how both parties will be able to commit to the Vienna production cut targets, analysts said, adding that the higher their production, the higher the starting point of the cut will be.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 08, 2016, 09:40:59 pm
China CPI +2.3% On Year In November

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Consumer prices in China were up 2.3 percent on year in November, the National Bureau of Statistics said on Friday.

That exceeded expectations for 2.2 percent and was up from 2.1 percent in October.

On a monthly basis, inflation added 0.1 percent after easing 0.1 percent a month earlier.

The bureau also said that producer prices surged an annual 3.3 percent versus forecasts for 2.3 percent following the 1.2 percent gain in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 08, 2016, 11:13:16 pm
Dollar Climbs as Euro Falls on ECB Decision

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The dollar climbed against the yen and euro, as the common currency plunged overnight after the European Central Bank's move to extend the debt-purchasing programme. The ECB announced that it would cut its monthly asset purchases to 60 billion euros as of April.

The euro shortly increased to almost a one-month high, with the decision seen as a form of policy tapering. However, the common currency retraced its advances as the central bank's move offset any increase from the reduction of its debt purchasing amount. The euro stood flat at $1.0616. The dollar strengthened at 114.070 yen. Investors are currently focused on the Federal Reserve. The likelihood of a Fed rate hike next week has nearly been fully priced in the market.

The dollar index was steady at 101.100 and is on track to climb 0.3 percent this week. The Australian dollar was flat at $0.7458.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 11, 2016, 09:03:44 pm
Japan Core Machine Orders Jump 4.1% In October

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Core machine orders in Japan were up 4.1 percent in October, the Cabinet Office said on Monday - coming in at 878.3 billion yen.

That beat forecasts for a gain of 1.1 percent following the 3.3 percent decline in September.

On a yearly basis, core machine orders tumbled 5.6 percent - shy of expectations for a fall of 4.9 percent following the 4.3 percent gain in the previous month.

The total number of machinery orders, including those volatile ones for ships and from electric power companies, added 1.2 percent on month but tumbled 15.8 percent on year to 984.2 billion yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 11, 2016, 11:18:39 pm
Iran-Boeing Deal Valued at $16.6 Billion

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The agreement between Iran's national carrier and Boeing Co. regarding a purchase of 80 aircrafts that is valued at $16.6 billion, will eventually force both the Congress and President-elect Donald Trump to balance their diplomatic priorities with U.S. job expansion. According to a company statement, the deal will include 50 737 MAX 8s, 15 7777-300ERs and 15 777-9s.

The Islamic Republic News Agency has reported that the aircraft will be delivered over ten years and will start in 2018. The report has also cited Iran Air Chief Executive Officer Farhad Parvaresh. Boeing has remarked that the deal was acquired under the conditions of a U.S. government license that was issued in September and will also support nearly 100,000 jobs in the U.S. aerospace industry. The bill regarding the deal was recently approved by the House in November and currently awaits Senate action.

The value of the deal worth $16.6 billion is based on list prices ahead of large discounts that have been established for major airlines.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 12, 2016, 10:45:37 pm
China Industrial Output Jumps 6.2% In November

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Industrial production in China was up 6.2 percent on year in November, the National Bureau of Statistics said on Tuesday.

That exceeded expectations for an increase of 6.1 percent, which would have been unchanged from the October reading.

The bureau also said that retail sales jumped an annual 10.8 percent - again topping forecasts for 10.2 percent and up from 10.0 percent in the previous month.

Also, fixed asset investment advanced 8.3 percent on year - in line with expectations and unchanged from the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 12, 2016, 11:31:55 pm
U.S. Stocks Lower as Dow Hits Record Close

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Stocks ended mostly lower as oil prices surged and Treasury yields jumped prior to the Federal Reserve meeting. The Dow Jones Industrial Average reached a 15th record finish, while financial firms pulling down major U.S. stock indexes.

The Dow Jones Industrial Average gained 0.2 percent at 19,796.43, the S&P 500 slipped 0.11 percent at 2,256.96 while the Nasdaq Composite fell 0.59 percent at 5,412.54. The blue-chip index climbed for the sixth straight session to reach another record high, as advances in Exxon Mobil and Johnson & Johnson helped counterbalance the lows in American Express and Goldman Sachs Group. The S&P 500's financial sector finished lower in four sessions since Nov. 8. The Nasdaq Biotechnology Index edged down 0.7 percent.

Energy shares rallied alongside oil prices following an announcement from a group of oil producers who agreed to reduce their output with the Organization of Petroleum Exporting Countries. The S&P 500's energy sector gained 0.7 percent. Exxon Mobil was up 2.2 percent to $90.98. FMC Technologies climbed two percent to 36.08 while Helmerich & Payne added 1.7 percent to 83.18.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 13, 2016, 09:17:58 pm
BoJ Tankan: Large Manufacturers' Index Steady At +10 In Q4

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An index monitoring business sentiment in Japan was unchanged in the fourth quarter of 2016, the Bank of Japan said on Wednesday in its quarterly Tankan business survey.

The large manufacturers' index came in with a score of +10, in line with expectations and up from +6 in the previous quarter.

The outlook came in at +8, shy of expectations for +9 but up from +6 in the three months prior.

The survey is closely watched by the Bank of Japan for formulating policies.

The large non-manufacturers index was at +18, unchanged from Q3 although missing forecasts for +19.The outlook score was +16, also unchanged but shy of forecasts for +18.

Large industry capex for the current fiscal year is now seen higher by 5.5 percent, missing forecasts for 6.1 percent and down from 6.3 percent in the previous quarter.

The small manufacturing index came in at +1, beating expectations for -1 and up from -3 in the third quarter. The outlook was -4, missing forecasts for -2 after showing -5 in the three months prior.

The small non-manufacturing index had a score of 2, in line with forecasts and up from 1 in the previous quarter. The outlook came in at -2, unchanged although shy of forecasts for +1.

The sentiment indexes are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 13, 2016, 11:41:03 pm
Gold Slips on U.S. Federal Reserve Meeting

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Gold inched lower, as the Federal Reserve started its two-day meeting where it is widely anticipated to deliver the second U.S. interest rate raise in a decade and will also give some observation regarding the outlook on 2017. U.S. gold futures were down 0.6 percent at $1,159 an ounce.

Markets have implied nearly a 100 percent likelihood of a quarter-point hike. Spot gold fell 0.6 percent to $1,155.65 per ounce. Investors await further clues as to how the U.S. central bank will handle inflation that might arise from the expansionary policies of President-elect Donald Trump and economic growth expectations. SPDR Gold Trust (GLD) also dropped, which reflects the lacklustre sentiment on the precious metal.

Silver fell 1.3 percent at $16.85 per ounce. Platinum edged up 0.3 percent at $933.80 while palladium climbed 0.9 percent at $728.10.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 14, 2016, 10:52:26 pm
Australia Jobless Rate Climbs To 5.7%

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The unemployment rate in Australia was a seasonally adjusted 5.7 percent in November, the Australian Bureau of Statistics said on Thursday.

That missed forecasts for 5.6 percent, which would have been unchanged from the October reading.

The Australian economy added 39,100 jobs in November, far surpassing forecasts for a gain of 17,500 following the addition of 9,800 jobs in the previous month.

The participation rate jumped to 64.6 percent, beating expectations for 64.5 percent and up from 64.4 percent a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 14, 2016, 11:40:05 pm
GM, Ford Shares Tumble After Report China Will Penalize Unnamed U.S. Carmaker

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Shares of U.S. automakers stumbled after Zhang Handong, a senior Chinese state planning official, cautioned that Beijing could slap penalties on an unnamed U.S. carmaker over price-fixing.

The warning, which was delivered via the China Daily newspaper, came in the heels of U.S. President-elect Donald Trump's remarks questioning whether America should standby its commitment to the “One China” policy.

Chinese authorities have been probing and reviewing the pricing practices of carmakers ahead of Trump's remarks, sources stated.

Trump's controversial remarks which have broken diplomatic protocols have shaken U.S. corporations who are dependent on the steady U.S.-sino relations. A spokesperson for Trump's transition team said they are aware of the report but stated that it would be premature to respond.

GM shares lost 2.2% while Ford fell 1.0% following the report's publication. In a statement, GM did not confirm if it was being investigated by the Chinese government. Meanwhile, Ford's Asia-Pacific business said the firm was not knowledgeable of the issue.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 15, 2016, 09:32:16 pm
Fxwirepro: Eur/krw Breaks Key Support at 1,232 Mark, Stay Bearish

(https://forex-images.instaforex.com/analysts/big_preview/up_market/2.jpg)

EUR/KRW is currently trading around 1,230 mark.   
Pair made intraday high at 1,232 and low at 1,229 levels.   
Intraday bias remains bearish till the time pair holds immediate resistance at 1,242 mark.   
A sustained close above 1,242 will take the parity higher towards key resistance around 1,255, 1,260, 1,269 and 1,272 marks respectively.   
On the other side, a consistent close below 1,230 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.   
Seoul shares open up 0.03 pct at 2037.35.
We prefer to go short on EUR/KRW around 1,235 with stop loss at 1,242 and target of 1,222/1,209.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 15, 2016, 11:03:35 pm
Oil Prices Rise on Reports of Kuwait’s Deeper-than-Expected Production Cuts

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Oil prices rose on Friday as sentiment was lifted by reports that Kuwait was cutting its production by more than initially anticipated beginning January as it fulfills its commitment to a coordinated effort by crude producers to curb a global oil glut.

International Brent crude oil futures traded up 20 cents or 0.37% from their last close at $54.22 per barrel. U.S. WTI crude futures also rose 24 cents or 0.47%, trading at $51.14 per barrel.

Prices edged up after OPEC member Kuwait told its customers that it will reduce its supply starting January as part of its commitment to a deal between OPEC and other producers to lower output by around 1.8 million bpd to help rebalance the oil markets.

Kuwait Petroleum Corporation stated that it has told its customers that it will cap its production in accordance with the OPEC deal. Traders observed that prices rose as KPC indicated that it was cutting supplies more than previously anticipated and beyond the operational capacity

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 18, 2016, 09:43:56 pm
Japan November Trade Surplus Y152.513 Billion

(https://forex-images.instaforex.com/analysts/big_preview/japan/4.jpg)

Japan posted a merchandise trade surplus of 152.513 billion yen in November, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 227.4 billion yen following the 496.2 billion yen surplus in October.

Exports were down 0.4 percent on year to 5.956 trillion yen, beating expectations for a decline of 2.3 percent following the 10.3 percent fall in the previous month.

Exports to all of Asia gained 3.4 percent on year to 3.235 trillion yen, while exports to China alone climbed 4.4 percent to 1.103 trillion yen.

Exports to the United States skidded an annual 1.8 percent to 1.211 trillion yen, while exports to the European Union slid 2.2 percent to 633.258 billion yen.

Imports slipped an annual 8.8 percent to 5.804 trillion yen versus expectations for a decline of 12.1 percent following the 16.5 percent tumble a month earlier.

Imports from the rest of Asia dropped 7.7 percent on year to 2.883 trillion yen, while imports from China alone slid 9.9 percent to 1.4876 trillion yen.

Imports from the United States fell 5.1 percent to 630.121 billion yen, while imports from the European Union dropped 13.3 percent to 716.954 billion yen.

The adjusted trade surplus was 536.1 billion yen, missing expectations for 590.5 billion yen and up from 474.3 billion yen in October.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 18, 2016, 11:40:59 pm
Japan Exports Edged Up in November as Yen Weakens

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Japan's export performance rose robustly in November as the yen continued to weaken and the improvement in overseas demand buoyed shipments from the trade sector. Exports slipped 0.4 percent in the year to November, according to the Ministry of Finance (MOF) data. However, it exceeded economists' expectations of a 2.0 percent annual decline.

The value of exports to China increased at an annual 4.4 percent, the first rise in nine months as a result of higher shipments of automobile parts. Exports in terms of volume climbed 7.4 percent from a year earlier, as external demand begin to show signs of regaining ground. Data has shown that exports dropped in November at a slower pace due to the declining value of car and steel shipments in comparison to the previous month. Exports to the United States edged down 1.8 percent year-on-year against the 11.2 percent annual decline in October.

The trade balance arrived at a surplus of 152.5 billion yen ($1.29 billion). The yen dropped 8.4 percent in November, which resulted in pulling up the value of Japanese exports.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 19, 2016, 09:36:53 pm
RBA Minutes: Economy Expected To Rebound Next Year

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Members of the Reserve Bank of Australia's monetary policy board said that the country's economic growth has slowed in recent months but is expected to rebound after the first of the year, minutes from the December 6 meeting revealed on Tuesday.

Policymakers expect higher commodity prices to boost national income, the minutes showed. The global economy has been generally more positive in recent months.

Inflation is expected to remain low, while wages appear to be on an upward trend. "The board had sought to balance the benefits of lower interest rates in supporting growth and achieving the inflation target with the potential risks to household balance sheets," the minutes said.

At the meeting, the bank decided to hold its benchmark lending rate steady at the record low of 1.50 percent.

Higher commodity prices underpinned a rise in terms of trade, although they remain much lower than they have been in recent years. Higher prices are providing a boost to national income.

"Members noted that these factors had assisted the economy in its transition following the mining investment boom and that an appreciating exchange rate could complicate the adjustment," the minutes said.

Regarding the labor market, the bank said the unemployment rate has declined this year, while employment growth overall has slowed. The forward-looking indicators point to continued expansion in employment in the near-term.

The bank also observed that conditions in the housing market have strengthened overall, although they vary considerably around the country. Further, the bank said housing credit has picked up a little, although turnover of established dwellings is lower than it was a year ago.

"The board judged that holding the stance of policy unchanged would be consistent with sustainable growth in the economy and achieving the inflation target over time," the minutes said.

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Title: Re: Forex News from InstaForex
Post by: Mckay Machan on December 19, 2016, 09:48:52 pm
Instaforex is a broker that I worked for fairly long time, but I will say it huge mistake for me to do that. As this is the worst broker there is and will torture you. I made massive profit, but all was stolen by them and when I tried to ask, I was told to talk to Anti-Fraud department. That department needs to be hit with hammer on head for their attitude, so will stay far away from this company!
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 19, 2016, 11:45:09 pm
Dollar Trims Losses Following Janet Yellen Comments

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The dollar pared losses after Federal Reserve Chairwoman Janet Yellen restated her confidence in the U.S. job market. The WSJ Dollar Index rose 0.2 percent to 93.22.

Yellen has recently discussed the developments in the labor market which have pulled down the unemployment rate to 4.6 percent. The central bank has improved its projections for the interest-rate hike in 2017. The optimism of the Fed drove the dollar to a 14-year peak as higher rates make U.S. assets more appealing to yield-seeking investors. The dollar was lower against the Japanese yen at 0.6 percent to ¥117.145. It follows a sharp drop in the Japanese yen in recent weeks that has helped boost Japanese exports and inflation expectations.

The Turkish lira and Russian rouble both declined to session lows versus the greenback on reports that the Russian ambassador to Turkey was assassinated in a gun attack at an art gallery in the Turkish capital of Ankara. The lira last fell by nearly 0.6 percent at 3.525 a dollar and the rouble reached a session low of 62.045 a dollar before backtracking to 61.854, as stated in the Reuters data.

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Title: Re: Forex News from InstaForex
Post by: IFX Yvonne on December 20, 2016, 11:52:31 pm
Dollar Climbs to 14-Year High

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The dollar soared to a fresh 14-year peak, as the Japanese yen fell after the Bank of Japan's decision to leave its monetary policy unchanged. The dollar index rose more than 0.1 percent at 103.31 after reaching 103.65, its highest since December 2002.

The BOJ's upbeat outlook follows amid an 11 percent decline in the yen since the U.S. presidential election and the earlier week's Federal Reserve meeting which sent the dollar surging. The benchmark 10-year Treasury yield rose beyond two basis points at 2.562 percent. The dollar rebounded against the yen after the Bank of Japan left policy unchanged as predicted.

The euro edged down 0.1 percent versus the dollar and the British pound slipped 0.2 percent. The greenback rose 0.6 percent at 117.72. The Turkish lira was stable at 3.5300 liras per dollar.


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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 21, 2016, 11:32:46 pm
New Zealand GDP Expands 1.1% In Q3

New Zealand's gross domestic product was up 1.1 percent on quarter in the third quarter of 2016, Statistics New Zealand said on Thursday.

That beat forecasts for an increase of 0.8 percent following the 0.7 percent gain in the previous three months.

Business services advanced 2.0 percent on quarter, due to scientific, architectural and engineering services, the bureau said.

Transport was up 3.7 percent, due to increases in road, air, and transport support services.

Manufacturing was up 1.2 percent, due to food, beverage, and tobacco manufacturing; and transport equipment, machinery and equipment manufacturing.

Construction was up 2.1 percent, due to increases in all the construction sub-industries. In all, 13 of the 16 GDP industries saw an increase in the third quarter.

Expenditure on gross domestic product grew 1.4 percent in Q3.

Household consumption expenditure was up 1.6 percent, driven by spending on services and non-durable goods.

Investment in fixed assets was up 1.4 percent, due to increased investment in transport equipment and residential building. Exports of goods and services fell 0.7 percent.

Imports of goods and services added 1.2 percent, due to imports of transport equipment, including aircraft purchases.

Inventories ran down $200 million, due to a decrease in manufacturing inventories.

Also on Thursday, the bureau said that New Zealand posted a seasonally adjusted current account deficit of NZ$1.899 billion in the third quarter of 2016.

The services surplus fell NZ$16 million to NZ$1,006 million in the third quarter. The investment income deficit added NZ$71 million to NZ$2,040 million in the latest quarter.

The balance of goods was a NZ$686 million deficit (NZ$190 million larger than Q2 deficit).

For the year ended September 2016, the current account deficit was NZ$7.5 billion.

New Zealand's external debt position was NZ$148.5 billion (58.0 percent of GDP) at 30 September 2016, up from a revised NZ$141.4 billion (55.9 percent of GDP) at 30 June 2016.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 22, 2016, 12:04:33 am
Dollar Loses Ground Ahead of Holidays

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The dollar fell from its 14-year peak against a basket of currencies, ahead of the holidays and the release of a batch of U.S. economic data. The dollar index was last at 103.02.

The greenback's retreat was limited as the Federal Reserve indicated further rate hikes next year, somewhat on expectations for speedy economic growth under the upcoming Trump Administration. The market is currently focused on the huge batch of U.S. economic data, which includes revised GDP for July-Sept, weekly initial unemployment claims and durable goods orders. The euro climbed 0.4 percent to $1.0424 and the yen rose 0.25 percent to 117.55 a dollar.

The Swedish crown tracked its largest gains in around ten months against the euro after the central bank of Sweden voted to extend its bond buying programme. The euro was down nearly one percent to 9.6077 crowns, its largest one-day decline since February.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 22, 2016, 09:51:06 pm
Fxwirepro: Usd/krw Remains Well supported Above 1,200 Mark, sustained Close Above 1,206 Targets 1,220

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USD/KRW is currently trading around 1,203 levels.   

It made intraday high at 1,203 and low at 1,201 marks.   

Intraday bias remains neutral till the time pair holds key support at 1,195 levels.   

A daily close above 1,206 will drag the parity higher towards key resistances at 1,209 (20D EMA), 1,220 (March 03, 2016 high) and 1,244 marks respectively.

On the other side, a sustained close below 1,195 will test key supports at 1,182/1,172/1,168/1,160/1,152/1,146/1,132/1,127/1,117/1,111/1,101 levels respectively.   

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position in USD/KRW around 1,201, stop loss at 1,195 and target of 1,220/1,228.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 22, 2016, 11:03:46 pm
Gold Steady as Traders Focus on Fed Rate Hikes

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Gold prices eased as the dollar gained in thin trading and on expectations that the U.S. Federal Reserve will raise interest rates more in 2017. Spot gold edged down 0.27 percent at $1,128.4 an ounce.

U.S. gold futures for February delivery settled down 0.22 percent at $1,130.70 an ounce. Recent evidence of U.S. economic strength could incite the Fed to tighten credit again sooner than later. Higher rates tends to discourage purchasing of non-interest paying bullion, that is priced in dollars. SPDR Gold Trust said that holding were down 0.43 percent to 824.54.

Silver fell 0.94 percent at $15.78 per ounce. Platinum slipped 0.78 percent to $907.80 while palladium dropped for the seventh consecutive session, by 0.57 percent to $653.72 per ounce.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 26, 2016, 10:56:23 pm
Japan Inflation Jumps 0.5% In November

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Consumer prices in Japan were up 0.5 percent on year in November, the Ministry of Internal Affairs and Communications said on Tuesday 0 accelerating from the 0.1 percent gain in October.

But core CPI, which excludes food prices, sank 0.4 percent on year for the second straight month.

On a monthly basis, both overall and core CPI were flat.

Overall inflation for the Tokyo region, considered a leading indicator for the nationwide trend, was flat on year in December after rising 0.5 percent in November.

Core CPI slid 0.6 percent on year in December after falling 0.4 percent in November.

On a monthly basis, overall inflation fell 0.4 percent and core CPI shed 0.1 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 26, 2016, 11:41:27 pm
Super Mario Run's Reign as Highest-Grossing App Ends

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As of December 24, Nintendo Co.'s debut mobile smartphone game, Super Mario Run was no longer the highest-growing iOS application in any country, researcher App Annie reported.

Since its release on December 12, Super Mario Run held the top spot as the most profitable app in 49 countries. While the top is still the top free app downloaded in 88 countries, it has declined from a peak of 138 logged in December 17.

The decline in ranking may reflect the issue of consumers with the app's price. While it can be downloaded free of charge, users are required to pay $10 in order to progress beyond the first three levels of Super Mario Run.

This is contrary to the industry's standard, where majority of mobile games can be played for free but encourages its players to purchase in-game items, a system generally preferred by fans. The steep $10-dollar price tag is also criticized by many gamers, and according to Apptopia Inc., only 1% to 2% of people who have downloaded the app will acquire the full version.

Still, the company's shares surged as high as 4.8% on Monday as investors are perceived to have priced in most of the negative feedback. Nintendo's share los as much as 20% from December 12 until last week as the game's troublesome launch raised concerns regarding the company's capacity to continue its push into the mobile platform.

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Title: Re: Forex News from InstaForex
Post by: IFX Yvonne on December 28, 2016, 12:42:03 am
EU business groups under pressure to support free trade pact

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Brexit supporters urged European business groups to push their respective governments for a sensible free trade pact with the United Kingdom.

In a letter to the association of businessmen in other EU countries, Leave Means Leave asked them to seek a sensible accord about the provisions of the UK's exit from the bloc. It reiterated trade hurdles would create an adverse impact.

The group, which also pressed for continuous trade and near-zero tariffs, noted several significant elections taking place in different EU nations in 2017.

Advocates added companies throughout Europe will want trade with Britain to remain the same following Brexit and any implication of hindrances will be refuted.

Former British Chambers of Commerce head John Longworth and Leave Means Leave co-chair Richard Tice signed the letter.



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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 29, 2016, 12:17:39 am
Gold Edges Up, Buoyed by Lower Asian Equities

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Gold prices edged up, lifted by the softer dollar and relatively lower Asian equities. Spot gold inched up 0.2 percent to $1,144.36 per ounce.

U.S. gold futures climbed 0.4 percent at $1,145.40 an ounce. The Shanghai Gold Exchange said that it will limit the amount of gold investors are able to trade at a time, a move which analysts claim could restrain the influence of institutional investors towards prices. Investors continue to cut holdings in bullion-backed exchange-traded funds, as assets have been down 1.1 metric tons to 1,778 tons as of Tuesday, the lowest since May, according to Bloomberg data.

Commerzbank AG is one of the banks that has flagged potential support for bullion next year, which remains 7.7 percent higher in 2016 despite its decline in the fourth quarter. According to the lender, uncertainty in association with Trump's presidency and the U.K.'s discussions to leave the European Union could support gold.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 02, 2017, 10:45:59 pm
Philippines Manufacturing PMI Slows In December - Nikkei

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The manufacturing sector in the Philippines continued to expand in December, although at a slower rate, the latest survey from Nikkei revealed on Tuesday with a PMI score of 55.7.

That's down from 56.3 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output growth quickened while total new orders rose at a slower rate.

Vendor performance deteriorated for the first time in survey history, while input cost inflation was at a survey record high.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 02, 2017, 11:48:39 pm
Tesla Postpones Brexit Price Increases for U.K. Buyers

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The plans of Tesla Motors Inc. to raise prices by five percent in the U.K. was postponed until Jan. 15 from the initial start of the year deadline, according to its latest statement. Vehicles that were previously ordered and built by mid-April will still have free access to to the firm's Supercharger battery network which is otherwise subject to new fees.

Tesla is raising prices in Britain in regards to the pound's decline since the U.K.'s referendum in June to leave the European Union. The Palo Alto has given clients a week's notice of the change. According to its website, the Model S currently costs 58,900 pounds ($72,400), that claims drivers save nearly 6,500 pounds on gasoline and taxes in a five-year period.

Consumers from the U.K. were hit by price increases from several firms since the June's referendum. Apple Inc. increased the price of a few of its laptops by almost 20 percent, while Tesco Plc pulled out items from its shelves in October as a result of the Brexit-inspired price discord with Unilever Plc.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 03, 2017, 10:48:50 pm
Japan Manufacturing Sector Picks Up Steam - Nikkei

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The manufacturing sector in Japan continued to expand in December and at a faster rate, the latest survey from Nikkei revealed on Wednesday with a manufacturing PMI score of 52.4.

That's up from 51.3 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, operating conditions improved at the sharpest rate since December 2015. Production and new orders both expanded at their quickest rates of the year.

In addition, cost inflationary pressures accelerated to a 17-month high.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 03, 2017, 11:35:04 pm
Gold Prices Edge Down as Dollar Hovers Near 14-Year Highs

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Gold prices were lower after reaching a three-week peak during the previous session, as the U.S. dollar wavered near 14-year highs against a basket of major currencies. Spot gold was 0.2 percent lower at $1,156.96 per ounce.

U.S. gold futures slid 0.4 percent to $1,157.70 an ounce. The dollar index was last at 103.34 after rising to 103.82 the previous day, its strongest since December 2002. Holdings of the SPDR Gold Trust fell 1.01 percent to 813.87 tonnes. In December, $2.27 billion was pulled out of the world's biggest exchange-traded fund backed by the precious metal. This was the the third consecutive monthly loss and the largest since May 2013.

Platinum futures climbed by over four percent at $944.20 per troy ounce while palladium was 3.9 percent higher at $709.90 per troy ounce. Silver prices closed up 2.6 percent to $16.409 per troy ounce.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 04, 2017, 09:40:18 pm
Singapore Private Sector PMI Slows In December - Nikkei

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The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from Nikkei revealed on Thursday with a PMI score of 52.0.

That's down from 52.8 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, expansion in both output and total new orders continued at slower rates, although employment climbed at a survey record pace.

December also saw the largest recorded monthly increase in changes amid rising costs.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 04, 2017, 11:59:07 pm
Gold Reaches 4-Week Peak as Dollar Slips

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Gold climbed to its highest level in four weeks as the U.S. dollar fell from its 14-year high it previously touched. Spot gold rose 0.4 percent at $1,167.98 per ounce.

U.S. gold futures were up 0.3 percent to $1,168.70 an ounce. The dollar index edged down 0.5 percent to 102.170. The relatively weaker dollar lifted gold prices higher. The precious metal is priced in dollars and also becomes cheaper for foreign buyers when the U.S. currency weakens. Gold imports to Turkey increased to 36.7 tonnes in December, higher from 4.65 tonnes during the same period in the previous year, according to data from the Istanbul bourse. Perth Mint's sales of gold products climbed in December as sales of silver more than halved.

Holdings of the SPDR Gold Trust fell by nearly 14 percent since the U.S. presidential election in November. It was last unchanged at 813.87 tonnes.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 05, 2017, 09:44:52 pm
Australia Trade Surplus A$1.243 Billion In November

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Australia posted a seasonally adjusted merchandise trade surplus of A$1.243 billion in November, the Australian Bureau of Statistics said on Friday.

That topped forecasts for a deficit of A$550 million following the upwardly revised A$1.119 billion shortfall in October (originally a deficit of A$1.541 billion).

Exports jumped 8.0 percent on month or A$2.322 billion in November to A$30.083 billion.

Non-rural goods climbed A$2.010 billion (12 percent) and rural goods jumped A$588 million (17 percent). Non-monetary gold fell A$305 million (18 percent).

Net exports of goods under merchanting remained steady at A$5 million, while services credits added A$29 million. Imports were roughly flat, easing A$40 million to A$28.840 billion. Capital goods shed A$137 million (2 percent) and consumption goods fell A$33 million. Intermediate and other merchandise goods gained A$99 million (1 percent) and non-monetary gold climbed A$17 million (4 percent). Services debits gained A$15 million.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 05, 2017, 11:49:52 pm
Bitcoin Slides Over 23% After Scaling Record-High Levels

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The bitcoin fell as much as 23% after bordering a historic high earlier in the trading session.

According to Coindesk data, the cryptocurrency exchanged as low as $887.47, retreating from the day's peak price of $1, 153.02. The high for the session was close to the $1,165.89 hit on November 30, 2013. The price managed to regain footing from the low to around $973.89.

Still, the digital currency managed to top its high on some cryptocurrency exchanges. In contrast to CoinDesk price index which takes into account a number of bitcoin exchanges, individual exchanges reported their own highest prices were surpassed. Among these was the BTC China.

Experts say the rally surge in bitcoin prices created a 'volatile little bubble' which has now broken down. Despite this, industry experts say the long-term outlook for the e-currency continues to be positive. Bitcoin prices are anticipated to regain footing and steady close to the $850 to $1, 000 range depending on the conditions.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 08, 2017, 09:29:55 pm
Australia Building Approvals Climb 7.0% In November

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The total number of building approvals in Australia issued in November jumped a seasonally adjusted 7.0 percent on month in November, the Australian Bureau of Statistics said on Monday - coming in at 17,569 while rising for the first time in three months.

The headline figure beat forecasts for an increase of 4.5 percent following the upwardly revised 11.8 percent contraction in October (originally -12.6 percent).

On a yearly basis, approvals were down 4.8 percent - but that also topped expectations for a decline of 5.7 percent following the 24.9 percent decline in the previous month.

Approvals issued for private sector houses fell 0.2 percent and has fallen in two straight months.

Approvals for private sector dwellings excluding houses surged 18.5 percent in November after falling for three straight months.

The value of total building approved rose 2.3 percent in November following a fall of 29.0 percent in the previous month.

The value of residential building rose 5.6 percent after falling for three months, while the value of non-residential building fell 3.7 percent and has fallen for two months.

Also on Monday: .   The construction sector in Australia continued to contract in December, albeit at a slower pace, the latest survey from the Australian Industry Group showed with a Performance of Construction Index score of 47.0.

That's up from 46.6 in November, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, activity, new orders and employment all contracted. "The lower level of new orders suggests we cannot expect a sustained turnaround over the first few months of 2017," said Ai Group head of policy Peter Burn in a statement. .   

The total number of job ads in Australia was down 1.9 percent on month in December after rising 1.7 percent in November, ANZ Bank said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 08, 2017, 11:55:41 pm
Gold Prices Flat on U.S. Rate Hike Expectations

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Gold prices were under pressure early on Monday, after slipping from a one-month peak the previous week on prospects of further interest rate hikes, as investors focus on more outlooks from the U.S. Federal Reserve. Spot gold was stable at $1,173.06 per ounce. U.S. gold futures were flat at $1,173.80 per ounce.

The dollar index inched up 0.1 percent at 102.27. The latest data showed that U.S. employment climbed less than expected in December however, a rebound in wages indicated sustained labor market momentum which sets the economy for robust growth and more interest rate hikes in 2017. Hedge funds and money managers trimmed their bullish position in COMEX gold contracts for the eighth consecutive week in the week to Jan. 3, according to the U.S. Commodity Futures Trading Commission (CFTC) data.

Gold demand in Asia picked up last week on wedding season purchases in India, as prices moved to a premium in the country for the first time in more than a month. Traders anticipate demand to strengthen as a result of the upcoming Chinese New Year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 09, 2017, 09:16:21 pm
China CPI Rises 2.1% In December

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Consumer prices in China were up 2.1 percent on year in December, the National Bureau of Statistics said on Tuesday.

That was shy of expectations for 2.2 percent, and down from 2.3 percent in November.

On a monthly basis, inflation added 0.2 percent after gaining 0.1 percent a month earlier.

The bureau also said that producer prices jumped an annual 5.5 percent versus expectations for 4.6 percent and up from 3.3 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 10, 2017, 12:33:56 am
albalaha Chairman Meets with Trump to Discuss U.S. Job Creation

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Jack Ma, the chairman of Chinese giant albalaha Group Holding Ltd. met with U.S. President-elect Donald Trump to talk on how the online retailer could aid in generating one million new jobs in America.

The e-commerce company said the posts would be created through albalaha adding around one million small and medium-sized enterprises across its platforms. The additional commerce is estimated to add the matching number of employees.

Other top executives from other firms have met with the incoming U.S. leader in his headquarters in New York with a pledge to create jobs. However, Ma's sit-down with Trump comes after Trump threatened to slap high tariffs on trade with China and accused the country of stealing job opportunities from Americans. albalaha has also been penciled back on the U.S. Notorious Markets list, after it was deemed that the company did not put in enough effort to tackle counterfeits in its Taobao website.

albalaha is now attempting to grow a positive working tie with Trump as it looks to expand internationally.

The company's shares advanced 0.9% and closed at $94.72.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 10, 2017, 09:49:33 pm
Fxwirepro: Singapore Dollar Marginally Lower in Early Hours of Asia, Bias Remains Neutral

(https://forex-images.instaforex.com/analysts/big_preview/singapore/2.jpg)

USD/SGD is currently trading around 1.4370 marks.   

It made intraday high at 1.4373 and low at 1.4355 levels. 
 
Intraday bias remains neutral for the moment.   

A daily close above 1.4361 will test key resistances at 1.4392, 1.4437, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.   

Alternatively, a consistent close below 1.4361 will drag the parity down towards key supports at 1.4317/1.4269/1.4219/1.4150/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646 levels respectively.   

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. We prefer to take long position in USD/SGD only above 1.4383, stop loss 1.4317 and target of 1.4500.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 10, 2017, 11:55:03 pm
U.S. Stock Closed Mixed Ahead of Trump Conference

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U.S. stocks finished mixed, as the dollar weakened against the yen while investors were cautious ahead of U.S. President-elect Donald Trump's news conference. The Nasdaq Composite hit an intraday high, extending its rally as healthcare stocks advanced for the sixth consecutive session.

The Dow Jones industrial average edged down 0.2 percent to 19,855.53, the S&P 500 was little changed at 2,268.90 while the Nasdaq Composite climbed 0.4 percent to 5,551.82. Caution surrounded the financial markets as the elation regarding Trump's anticipated pro-growth policies faded with Congress holding hearings for his proposed cabinet members. Delta Air Lines Inc. is scheduled to begin the S&P 500 earnings season, with analysts predicting profits for firms in the index grew by 3.8 percent the last quarter.

Seven of the 11 major S&P sectors gained, led by advances of 0.69 percent in industrials. However, the 0.66 percent rise of the financials gave the largest boost. Healthcare stocks was 0.44 percent higher while biotechs climbed 0.5 percent. The Russell 2000 rose by one percent to pull up its post-election advances back towards 15 percent. The measure gained as much as 20 percent in the months following Trump's victory.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 11, 2017, 08:42:51 pm
Japan Has Y1.415 Trillion Current Account Surplus

(https://forex-images.instaforex.com/analysts/big_preview/japan/7.jpg)

Japan had a current account surplus of 1.415 trillion yen in November, the Ministry of Finance said on Thursday - up 28.0 percent on year.

The headline figure was shy of expectations for a surplus of 1.460 trillion yen and down from 1.719 trillion yen in October.

The trade balance showed surplus of 313.4 billion yen - exceeding forecasts for 254.4 billion yen and down from 587.6 billion yen in the previous month.

Exports were down 0.8 percent on year to 5.890 trillion yen, while imports tumbled 10.7 percent to 5.577 trillion yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 12, 2017, 12:41:11 am
Gold Edged Higher After Trump Conference

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Gold inched higher to hold near 7-week peaks it hit in the previous session, while the dollar fell after Donald Trump gave some form of clarity regarding future fiscal policies during his first press conference as U.S. president-elect. U.S. gold futures were down 0.2 percent to $1,193.70 an ounce. Spot gold climbed 0.2 percent at $1,193.31 an ounce.

Bullion hit a peak of $1,198.40, its best since Nov. 23. Trump's campaign calls for lower taxes and further infrastructure spending have boosted the dollar, along with a driving selloff in Treasuries, however, his protectionist remarks and the series of off-the-cuff Tweets kept many investors from adding to risky positions. Meanwhile, investors expect palladium to gain benefit from tax cuts and higher government spending in the major car markets of the U.S. and China to raise auto sales.

Silver climbed 0.5 percent at $16.70, however, remained below Tuesday's four-week peak of $16.90. Platinum was down 0.4 percent to $974.50 from a previous two-month high at 982.60 while palladium fell 1.3 percent to $754.20 per ounce, slightly near Monday's five-week peak of $768.10.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 12, 2017, 10:49:15 pm
Yen Falls Against Majors

(https://forex-images.instaforex.com/analysts/big_preview/jpy/7.jpg)

The Japanese yen weakened against the other major currencies in the Asian session on Friday.

The yen fell to 122.14 against the euro, 139.93 against the pound and 113.85 against the Swiss franc, from yesterday's closing quotes of 121.72, 139.45 and 113.42, respectively.

Against the U.S. and the Canadian dollars, the yen dropped to 115.11 and 87.54 from yesterday's closing quotes of 114.71 and 87.25, respectively.

If the yen extends its downtrend, it is likely to find support around 124.00 against the euro, 146.00 against the pound, 115.00 against the franc, 119.00 against the greenback and 89.00 against the loonie.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 13, 2017, 12:12:30 am
US court renews battle over iPhone apps monopoly

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Apple Inc. is facing a renewed battle claiming it attempted to dominate the market for iPhone applications between 2007 and 2013.

On Thursday, a San Francisco-based appeals court in rekindled the planned class-action suit following a lower federal court judge rejected it. The panel stipulated the judge committed a mistake in stating the consumers hold insufficient standing to file a case as direct buyers of apps.

A spokesperson for the tech giant refused to shed light on the court's verdict. Initially lodged in 2011, consumers argued Apple breached the US antitrust legislation by obligating iPhone apps to be sold at the App Store and restricting independent app developers from advertising the software outside the platform.

Plaintiffs' lawyer Mark Rifkin said million of customers should manage to regain most of the company's 30% cut from sales in the app store.

Although it has not yet secure a class-action status, Rifkin said they may attempt to expand the scope of the lawsuit to include those who have purchase iPhone apps to the present.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 15, 2017, 09:56:15 pm
Fxwirepro: Usd/jpy Trades in Narrow Range After Japan’s Core Machinery Orders, Ppi Data

(https://forex-images.instaforex.com/analysts/big_preview/usd_yena/2.jpg)

USD/JPY is currently trading around 114.33 marks.   
It made intraday high at 114.45 and low at 114.09 levels.   
Intraday bias remains neutral till the time pair holds key support at 114.00 levels.   
A daily close above 115.50 will take the parity higher towards key resistances around 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.   
On the other side, a sustained close below 113.98 will drag the parity down towards key supports around 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.   
Japan’s November machinery orders m/m decreases to -5.1 % (forecast -1.7 %) vs previous 4.1 %.   Japan’s November machinery orders y/y increases to 10.4 % (forecast 8.1 %) vs previous -5.6 %.   Japan’s December corporate goods price m/m increases to 0.6 % (forecast 0.3 %) vs previous 0.4 %.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 15, 2017, 11:50:13 pm
JPMorgan Asset Management Fund Outperforms as it Kept Shorter-Maturity Securities

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JP Morgan's own $2.4 billion Global Bond Opportunities Fund has trimmed its average duration in U.S. securities to three years from more than five in July, and has leaped into the domestic debt of Russia and Brazil. Bond investors are facing some hurdles since the global-reflation trades that ignited following the November U.S. presidential election victory for a fiscal-stimulus proposal by Donald Trump.

The firm is upbeat on the local-currency bonds of Russia and Brazil as their economies are expected to rebound, according to Stealey. The domestic debt issued by Russia returned 2.2 percent while Brazil returned 4.7 percent in the previous month as of Jan. 12, as shown by indexes compiled by Bloomberg. Brazil's 10-year notes offer a yield of nearly 11 percent while Russia's is at almost eight percent, in comparison with nearly 2.4 percent for similar-maturity U.S. debt.

The fund's strategy includes the mix of both local currency and dollar-denominated emerging-market bonds which have been increased to 15 percent of the portfolio from 12 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 16, 2017, 10:33:02 pm
Australia Home Loans Advance 0.9% In November

(https://forex-images.instaforex.com/analysts/big_preview/australia/7.jpg)

The total number of new home loans in Australia issued in November climbed a seasonally adjusted 0.9 percent on month, the Australian Bureau said on Tuesday - standing at 54,603.

That beat forecasts for a flat reading following the 0.8 percent decline in October.

Loans for the purchase of established dwellings gained 0.6 percent to A$46.139 billion, while loans for the purchase of new dwellings jumped 3.3 percent to A$2.755 billion and loans for the construction of new dwellings gained 2.3 percent to A$5.710 billion.

The number of first home buyer commitments jumped 13.4 percent to 8,281 in November from 7,302 in October. The number of first home buyers as a percentage of total owner occupier commitments rose from 13.7 percent to 13.8 percent.

The value of loans was up 0.4 percent on month to A$19.930 billion after sliding 0.8 percent in the previous month.

Investment lending advanced 4.9 percent to A$13.269 billion after gaining 0.7 percent a month earlier.

The total value of dwelling finance commitments excluding alterations and additions gained 2.2 percent to A$33.199 billion.

Also on Tuesday, the ABS said that the total number of new motor vehicle sales in Australia was up a seasonally adjusted 0.3 percent on month in December, standing at 97,305. That follows the 0.6 percent decline in November.

By category, sales for passenger vehicles shed 0.2 percent on month, while and Sports utility vehicles fell 1.0 percent and sales for other vehicles gained 0.3 percent.

By region, sales fell 1.4 percent on month in Western Australia and advanced 1.7 percent in the Australian Capital Territory.

On a yearly basis, new car sales were up 0.2 percent after slipping 1.1 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 17, 2017, 12:39:47 am
High-Speed Traders Drive 80% of Bitcoin Trading

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Professional traders loaded with cutting-edge technology currently drive nearly 80 percent of bitcoin trading, resembling strategies done by some of the major players on Wall Street. Volumes followed by Bitcoinity.org have soared to a record high in January, which raises the chances for high-speed traders to gain profit.

The market structure of the cryptocurrency provides arbitrage opportunities across multiple exchanges, zero transaction costs on Chinese venues, day and night trading, and co-location services which allow individuals to place their servers right next to the exchange. Chen Zhenguo, who founded China's biggest platform for facilitating bitcoin strategies, claimed he's generated annualized gains of 50 percent for his own account. The cryptocurrency's price fluctuations have impeded some high-speed companies, as the increasing dominance of trades raises the question of how long the opportunities will last.

Bitcoin's current market value is around $13.5 billion, against $6.5 trillion for Chinese equities. The cryptocurrency climbed 0.1 percent to $833.92.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 17, 2017, 10:54:53 pm
Fxwirepro: Eur/krw Hits Fresh 4-Week Low at 1,239, Upside Limited

(https://forex-images.instaforex.com/analysts/big_preview/up_market/1.jpg)

EUR/KRW is currently trading around 1,246 mark.   
Pair made intraday high at 1,246 and low at 1,239 levels.   
Intraday bias remains neutral till the time pair holds immediate resistance at 1,257 mark.   
A consistent close below 1,241 will drag the parity down towards key supports around 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.   
Alternatively, a sustained close above 1,241 will take the parity higher towards key resistances around 1,257, 1,262, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.   
Seoul shares open up 0.09 pct at 2073.77.
We prefer to take short position on EUR/KRW around 1,248, stop loss at 1,257 and target of 1,239/1,232.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 18, 2017, 12:13:16 am
PM May Outlines Clean Break from EU in Brexit Speech

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British Prime Minister Theresa May declared during her anticipated speech that the UK will leave the EU single market when it departs from the European Union, setting the path for a clean break from the 27-nation trading bloc.

May laid out her 12-point plan enumerating Britain's priorities as they seeking a deal with EU during Brexit, which is scheduled to be triggered by the end of March.

The premier said her negotiating priorities includes regaining control of UK's immigration and borders, leaving the European Court of Justice's jurisdiction and ending ties with the customs union, which enables the tariff-free movement of goods and services in the EU region.

The PM said that leaving the market was the inevitable consequence, stating that a 'no deal' was in the interest of Britain compared to a 'bad deal'.

But she assured that the U.K.would look to secure the best possible access to European markets. She also said that she would seek to strike a new trade deal with the customs union.

For the first time, PM May also announced the plan to put the final terms of the Brexit deal to a vote in the houses of the British parliament. This means that members of the parliament could block the deal, causing markets to rally.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 18, 2017, 09:53:48 pm
New Zealand Consumer Confidence Jumps In January - ANZ

(https://forex-images.instaforex.com/analysts/big_preview/new-zealand/6.jpg)

Consumer confidence in New Zealand spiked in January, the latest survey from ANZ Bank revealed on Thursday as its index jumped 3.4 percent to a score of 128.7.

That follows the 2.1 percent decline in December to 124.5, and the January reading marks a 21-month high.

Confidence is higher on good news on the labor market, although low inflation persists, ANZ said. The GDP gauge continues to show growth at greater than 4 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 19, 2017, 12:09:45 am
Gold Prices Drop on Yellen Remarks

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Gold prices remained under pressure following Federal Reserve Chair Janet Yellen's remarks that supported gradual U.S. interest rate hikes. Spot gold was little changed at $1,203 an ounce. The bullion previously reached an eight-week peak of $1,218.64, however, it dropped one percent in the earlier session as the dollar firmed.

U.S. gold futures were 0.7 percent lower at $1,203.50 an ounce. Several Fed officials were seen supporting the case for a gradual increase in U.S. interest rates. The precious metal extended losses following the latest release of the Fed's Beige Book which indicated a rise in manufacturing and tight labor markets showing upbeat U.S economic health. According to Capital Economics analyst Simona Gambarini, higher rates will likely add pressure to gold, as it is highly sensitive to increasing interest rates which raise the opportunity cost of holding non-yielding bullion.

Prices of Silver were higher as March silver added 0.7 percent to $17.274 per ounce while palladium shed 0.3 percent to $751 per ounce. In ETF trading, the SPDR Gold Trust retreated 0.6 percent while the iShares Silver Trust edged down 0.1 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 19, 2017, 11:13:54 pm
Fxwirepro: Aud/jpy Breaks Channel Top, Intraday Bias Higher, Stay Long

(https://forex-images.instaforex.com/analysts/big_preview/jpy/7.jpg)

AUD/JPY has broken major channel top resistance at 86.60, intraday bias higher.   
Momentum with the bulls, RSI strong at 67 levels with further room to run.   
Stochs and MACD suggest further upside, with directional support from ADX.   
87.53 (Dec 15 high) is next target for bulls. Break higher could see test of 87.64 (50% Fib retrace of 102.844 to 72.437 fall) and then 89.89 (weekly 200-MA).   
Support levels - 86.06 (5-DMA), 85.19 (converged trendline and 20-DMA), 84.63 (50-DMA)   Resistance levels - 87.53 (Dec 15 high), 87.64 (50% Fib), 88.20 (Dec 31 high)  ​

Call update:
Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-4H-long-setup-495949) has hit TP1&2.

Recommendation:
Book partial profits at highs. Raise trailing stops to 86, hold for further upside.

FxWirePro Currency Strength Index:
FxWirePro's Hourly AUD Spot Index was at 13.4926 (Neutral), while Hourly JPY Spot Index was at -118.345 (Highly Bearish) at 0150 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 20, 2017, 12:10:37 am
💛💜💚😍😍😍😇😇😇New Puerto Rico leader eyes sealing amicable debt agreement

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Puerto Rico and its lenders have resumed negotiations this week. But Governor Ricardo Rosselló wants to reset talks following a rancorous two years between the two parties.

The new governor, who succeeded Alejandro García Padilla after winning the election in November, said Thursday he was aiming for a rational change from the previous administration's management of discussions and assert their willingness to repay debts.

Rosselló mentioned officials are willing to sit down and to employ an actual fiscal oversight. He added they are steps to implement bold reforms.

Since he assumed office on January 2, the Puerto Rican leader has enacted executive orders which will pressure government agencies to slash operating expenditures by 10% this year and cut political appointees by a fifth.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 22, 2017, 10:02:40 pm
Fxwirepro: Thai Baht Gains in Early Hours of Asia, Faces Strong Support at 35.27

(https://forex-images.instaforex.com/analysts/big_preview/up_market/3.jpg)

USD/THB is currently trading around 35.32 marks.   
It made intraday high at 35.41 and low at 35.31 marks.   
Intraday bias remains bearish till the time pair holds key resistance at 35.44 marks.     
On the top side key resistances are seen at 35.44, 35.61, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.   
Alternatively, a daily close below 35.27 will drag the parity down towards key supports around 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.   
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position in USD/THB around 35.35, stop loss 35.44 and target of 35.22/35.04.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 23, 2017, 12:21:55 am
SGX Warns of Looming Headwinds after Weak Quarterly Profit Increase

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After posting a 5% increase in second-quarter profit, Singapore Exchange Limited cautioned that it expects to several headwinds this year. It also announced its plan to accomplish more IPOs in key sectors including the property and technology sector.

SGX CEO Loh Boon Chye stated that while market sentiment has been lifted, uncertainty prevails regarding U.S. policies under President Donald Trump's administration and as trading activity is seen to be impacted by slowing Asian economies.

The bourse posted a net profit of S488.3 million in the October-December, topping estimates and higher than the S$83.7 million a year earlier. Revenue rose 3% to S$199.6 millin.

SGX has implemented measures to increase market liquidity, enhance listings' quality and solidify its regulatory framework after a stock crash in 2013 that affected its reputation. However, it still struggles to improve trading activity.

Loh said SGX is banking on IPO to provide impetus to the exchange's growth. He noted the importance of choosing sector strengths based on economic prospects. He reported that SGX is aiming for tech, infrastructure, real estate companies and consumer companies looking to have a market valuation of more than $1 billion Singaporean dollars.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 23, 2017, 09:45:38 pm
Fxwirepro: Japanese Yen Marginally Lower Despite Higher Than expected Manufacturing Pmi Data

(https://forex-images.instaforex.com/analysts/big_preview/japan/7.jpg)

USD/JPY is currently trading around 112.80 marks.   
It made intraday high at 112.93 and low at 112.52 levels.   
Intraday bias remains neutral till the time pair holds key support at 112.57 levels.   
A daily close above 112.57 will take the parity higher towards key resistances around 114.42, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.   
On the other side, a sustained close below 112.57 will drag the parity down towards key supports around 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.   Japan’s Nikkei manufacturing PMI increases to 52.8 vs previous 52.4.   
Japan’s January new export orders rise at quickest pace in over a year

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 24, 2017, 12:35:33 am
Gold Reached Two-Month Peak as Trump Uncertainty Looms

(http://forex-images.mt5.com/prime_news/5886cba8ae5a3.jpg)

Gold climbed on Monday, hitting its highest in two months as uncertainty regarding the economic policies of U.S. President Donald Trump pressured investors to turn to safer assets. Uncertainty concerning Trump's policies drove the dollar to a 1-½ month low against a basket of currencies.

Spot gold was 0.56 percent higher at $1,216.33 per ounce. It previously reached $1,219.43, its highest since Nov. 22. U.S. gold futures was up at $1,215.60. The precious metal ended one percent higher last week for its fourth consecutive week of gains and longest stretch of weekly rises since July. Data from the U.S. Commodity Futures Trading Commission (CFTC) showed that speculators increased their net long positions in COMEX gold contracts for a second week in the week to Jan. 17.

Among other precious metals, silver climbed 0.93 percent to $17.19 and platinum added 0.77 percent to $983.50. Palladium was 1.57 percent lower at $776.00, as it previously hit $795.60, its highest since May 2015.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 24, 2017, 09:46:46 pm
Australia Inflation Gains 0.5% On Quarter In Q4

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Consumer prices in Australia advanced 0.5 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

That was beneath expectations for 0.7 percent, which would have been unchanged from the previous three months.

The most significant price rises in Q4 were tobacco (+7.4 percent), automotive fuel (+6.7 percent) and restaurant meals (+1.1 percent).

These rises were partially offset by falls in furnishings, household equipment and services (-0.8 percent) and communication (-0.8 percent).

Vegetables rose 2.5 percent in Q4 as adverse weather conditions in major growing areas affected supply for particular vegetables (potatoes, capsicums, broccoli and cauliflower). Offsetting these rises are price falls for salad vegetables, tomatoes, lettuce and celery.

The most significant offsetting price falls in Q4 were international holiday travel and accommodation (-2.6 percent), accessories (-5.1 percent) and waters, soft drinks and juices (-3.2 percent).

On a yearly basis, inflation gained 1.5 percent -0 again shy of forecasts for 1.6 percent but up from 1.3 percent in the three months prior.

The Reserve Bank of Australia's trimmed mean was up 0.4 percent on quarter and 1.6 percent on year, while the weighted median gained 0.4 percent on month and 1.5 percent on year.

Also on Wednesday, Westpac Bank said that its leading economic indicator for the Australian economy jumped in December, rising 0.44 percent last month.

That follows the upwardly revised 0.03 percent gain in November (originally 0.02 percent).

The six-month growth rate climbed from flat in November to 1.28 percent in December; in all, the index has been above trend in five straight months.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 24, 2017, 11:41:19 pm
Dollar, U.S. Yields Higher Amid Uncertainty on Trump’s Protectionist Stance

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The dollar held gains as Treasury yields rebounded, lifting the greenback from recent lows against the yen and euro amid unease regarding U.S. President Donald Trump's protectionist stance. The dollar index dropped as low as 99.922 on Tuesday, as the initial enthusiasm tempered by Trump's inaugural speech from the previous week was pointing towards trade protectionism. The index was last at 100.270.

The U.S. currency was 0.1 percent higher, it had added nearly one percent the day earlier, jumping from 112.520, its lowest since late November. The euro was steady at $1.0730. The common currency has shed nearly 0.3 percent overnight, retreating from a near seven-week peak of $1.0755. The pound was 0.1 percent higher. It had weakened to as low as $1.2420 overnight before rebounding after the British Supreme Court ruled that the government will pass through parliament.

The Australian dollar climbed 0.2 percent at $0.7591. However, the dollar's overnight rise kept the Aussie away from a 10-week peak of $0.7609 touched the day earlier. U.S. Treasury yields rose as investors seized equities on better outlook on latest corporate profits, reducing their safe-haven demand for bonds triggered by Trump's protectionist trade stance.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 25, 2017, 10:53:49 pm
Japan Producer Prices Rise 0.4% In December

(https://forex-images.instaforex.com/analysts/big_preview/japan/4.jpg)

Producer prices in Japan were up 0.4 percent on month in December, the Bank of Japan said on Thursday - topping forecasts for 0.3 percent, which would have been unchanged from the November reading.

On a monthly basis, producer prices added 0.1 percent for the second straight month.

For the fourth quarter of 2016, producer prices were up 0.4 percent on year and 0.2 percent on quarter. That followed the 0.3 percent yearly growth and the 0.2 percent quarterly gain in Q3.

For all of 2016, producer prices added 0.3 percent after gaining 1.1 percent in the previous year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 26, 2017, 12:31:15 am
Strong Quarterly Results, Upbeat 2017 Forecast Boost Boeing Shares

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Boeing Co. reported positive quarterly profit and operating cash and issued an optimistic outlook for the performance of the company in 2017 as it benefits from its aggressive cost-cutting measures, increasing productivity and President Donald Trump's pro-growth stance.

The company's stock surged almost 5% to $168.50 on Wednesday after the firm reported it is projecting to generate a record $10.75 billion in operating cash this 2017.

The total is higher compared to the record $10.5 billion in 2016 and is significantly higher than the $10.4 billion that analysts had projected for the current year.

Boeing projected core earnings of $9.10 to $9.30 per share this year, up from the $7.24 in 2016. It expects to deliver around 760-764 commercial carriers in 2017 and surpass its 748 deliveries in 2016.

After experiencing a slowdown in orders for new jetliners, Boeing has concentrated on streamlining plants to reduce costs and increase profits. The company also took advantage of the lower cost of parts for its 787 jet as the plane hit crucial production milestones, as it delivered its 500th 787 jet in December.

CEO Dennis Muilenburg said an increase in cost-savings and productivity was behind the company's strong performance and revenue guidance. He assured that the progress will not slow down in these aspects.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 26, 2017, 10:24:37 pm
Australia Q4 Producer Prices Climb 0.5%

(https://forex-images.instaforex.com/analysts/big_preview/australia/2.jpg)

Final demand producer prices in Australia advanced 0.5 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Friday.

That was in line with expectations and up from 0.3 percent in the third quarter.

On a yearly basis, final demand producer prices added 0.7 percent. That also matched expectations and was up from 0.5 percent in the three months prior.

Domestic prices were up 0.7 percent on quarter and 1.2 percent on year, while import prices fell 0.6 percent on quarter and 3.6 percent on year.

The gains were mainly due to rises in the prices received for building construction (+0.7 percent), petroleum refining and petroleum fuel manufacturing (+12.5 percent) and accommodation (+5.3 percent).

They were offset by falls in the prices received for electronic equipment manufacturing (-1.5 percent), professional and scientific equipment manufacturing (-2.1 percent) and other machinery and equipment manufacturing (-1.8 percent).

Intermediate demand producer prices were up 0.6 percent on quarter and 1.0 percent on year in Q4.

The gains were mainly due to rises in the prices received for petroleum refining and petroleum fuel manufacturing (+10.2 percent), coal mining (+53.3 percent) and 0il and gas extraction (+7.1 percent).

They were offset by falls in the prices received for basic polymer manufacturing (-6.1 percent), professional and scientific equipment manufacturing (-3.5 percent) and rental and hiring services (-0.7 percent).

Preliminary demand producer prices picked up 0.6 percent on quarter and 0.9 percent on year in the fourth quarter.

The gains were mainly due to rises in the prices received for petroleum refining and petroleum fuel manufacturing (+11.0 percent), coal mining (+53.4 percent) and oil and gas extraction (+6.7 percent).

They were offset by falls in the prices received for pharmaceutical and medicinal product manufacturing (-13.6 percent), professional and scientific equipment manufacturing (-5.9 percent) and basic polymer manufacturing (-6.0 percent).

Also on Friday, the bureau said that export prices in Australia surged 12.4 percent on quarter in the fourth quarter of 2016. That exceeded forecasts for 12.1 percent and was up sharply from 3.5 percent in the third quarter.

Import prices added 0.2 percent on quarter - beneath forecasts for 0.4 percent following the 1.0 percent contraction in the three months prior.

On a yearly basis, export prices jumped 12.4 percent, while import prices sank 4.6 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 26, 2017, 11:59:34 pm
Dollar Climbs as Focus on U.S. GDP

The dollar inched up and rebounded from a seven-week low on optimism regarding the U.S. economic outlook and corporate earnings, however the protectionist policies of U.S. President Donald Trump raised unease for global trade. The dollar index was last at 100.47. The index made a rebound overnight, after slipping to a seven-week low of 99.793.

U.S. equities and Treasury yields have increased in the past few weeks, driven by the upbeat U.S. economic outlook and Trump's indications of raised public spending, but concerns on potentially new barriers have added pressure to the dollar in the last two weeks. The U.S. currency is on course to weaken 0.2 percent against the basket of currencies of its trade-weighted rivals for the week. Investors are concerned about Trump's plans to build a U.S-Mexican border wall to prevent illegal immigration. The Mexican peso weakened more than 0.5 percent versus the dollar after reports of the border tax.

The dollar last fell 0.1 percent against the Japanese currency to 114.40 yen. The greenback rebounded overnight from a low of 113.045 to 114.860, climbing 1.1 percent. The euro was last at $1.0681 versus the dollar, after falling from the day's peak of $1.0766, a level near a seven-week peak.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 29, 2017, 10:59:29 pm
Fxwirepro: Usd/thb Rejects Key Resistance at 35.33, Good to Sell on Rallies

(https://forex-images.instaforex.com/analysts/big_preview/sell/6.jpg)

USD/THB is currently trading around 35.25 marks.   
It made intraday high at 35.32 and low at 35.25 marks.   
Intraday bias remains bearish till the time pair holds key resistance at 35.33 marks.     
On the top side key resistances are seen at 35.33, 35.41, 35.67, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.   
Alternatively, a daily close below 35.29 will drag the parity down towards key supports around 35.18, 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.
We prefer to take short position in USD/THB around 35.28, stop loss 35.41 and target of 35.04.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 29, 2017, 11:49:06 pm
Dollar Edges Down on Flat U.S. Growth Data

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The dollar edged down on Monday, retreating from a one-week peak against a basket of currencies as Treasury yields fell on data which showed that the U.S. expanded at a slower-than-expected pace. The greenback fell 0.35 percent at 114.660 against the Japanese yen after climbing to 115.380, its highest since Jan 20.

The latest data released showed that U.S. gross domestic product expanded at a 1.9 percent annualised pace in the last three months of 2016, in comparison to a 3.5 percent rate in the third quarter. The dollar index against a basket of major currencies declined to a seven-week low of 99.793 before climbing to a one-week peak of 100.820 a day after. The index was last 0.2 percent off at 100.350. Focus on the market is between U.S. President Donald Trump's protectionist angle, perceived as negative for the dollar, and prospects of fiscal stimulus under the new administration, seen as positive for the greenback.

The euro strengthened and was last 0.3 percent higher at $1.0733. The pound rose 0.3 percent at $1.2593 versus a relatively weaker dollar while the Australian dollar climbed 0.1 percent at $0.7555.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 30, 2017, 10:49:57 pm
Australia Business Conditions Index Jumps In December - NAB

(https://forex-images.instaforex.com/analysts/big_preview/australia/6.jpg)

Business conditions in Australia improved sharply in December, the latest survey from National Australia Bank showed on Tuesday with an index score of +11.

That's up from +5 in November, and it moves further into positive territory.

The index for business confidence also improved, moving up to +6 from +5 a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 30, 2017, 11:45:41 pm
Fitbit Shares Sink Following Unsatisfactory Quarterly Results

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Shares of Fitbit tumbled by as much as 18% after it announced trimming its workforce and it reported lower-than-anticipated financial results during the fourth quarter.

The stock managed to reverse some of its losses, but still closed the session almost 16% down.

In a release issued on Monday, the wearable fitness device maker said its layoffs will impact 110 people within its workforce across different divisions which makes up around 6% of the company's total global labor force. The expenses of the reorganization are anticipated to cost around $4 million, which will be included during the first quarter of 2017.

The firm added that it projects to post 6.5 million sales of devices and revenue during the Q4 of 2016 to be within the range of $572 million- $580 million, a steep drop from the company's initially issued guidance range of $725 million-$750 million.

Revenue growth for the previous business year is seen to be around 17% from the prior projected expansion of 25% to 26%.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 31, 2017, 10:49:20 pm
China Manufacturing PMI Slips To 51.3 In January

(https://forex-images.instaforex.com/analysts/big_preview/china/6.jpg)

The manufacturing sector in China continued to expand in January, albeit at a slightly slower pace, the National Bureau of Statistics said on Wednesday with a manufacturing PMI score of 51.3.

That exceeded expectations for 51.2, although it was down from 51.4 in December.

The bureau also said that its non-manufacturing PMI came in at 54.6 in January, in line with forecasts and up from 54.5 in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 31, 2017, 11:59:01 pm
Gold Notches Week High on Trump Comments

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Gold prices advanced to a one-week peak as rattled investors purchased bullion after U.S. President Donald Trump's comments on currency devaluation by other countries caused the dollar to decline. Spot gold was up 1.4 percent to $1,211.15 per ounce after hitting its highest level since Jan. 24 at $1,215.37.

U.S. gold futures were 1.3 percent higher at $1,208.60. The dollar plunged as stocks sealed their largest loss in six weeks as Trump added uncertainty to the market after bans on travel to the United States. The weaker dollar helped raise bullion, while traders focused on the two-day Federal Reserve meeting that kicked off during the session. Funds have been reduced out of the $30 billion SPDR Gold ETF for 10 out of the 11 weeks since the Nov. 8 elections, which includes a one percent loss in the week ended on Jan. 25, according to data from Lipper.

In other metals, spot silver rose 2.6 percent at $17.55 per ounce after tapping its highest since Nov. 11 at $17.61. Platinum climbed 0.8 percent to $993.40, and is set for its highest monthly performance since July, and palladium gained 1.9 percent at $754.20.

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Title: Re: Forex News from InstaForex
Post by: Mckay Machan on February 01, 2017, 03:01:13 am
It’s shameful that Instaforex claims to be so high on the market, but their service is absolutely disasters with no one caring for customer service. The Anti-Fraud department is absolutely flop, as they find it funny with targeting innocent traders! They don’t even care to answer or reply even! I really ask traders to be aware with such companies.
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 01, 2017, 09:44:41 pm
Australia December Trade Surplus A$3.511 Billion

(https://forex-images.instaforex.com/analysts/big_preview/australia/6.jpg)

Australia had a merchandise trade surplus of A$3.511 billion in December, the Australian Bureau of Statistics said on Thursday.

That exceeded forecasts for A$2.00 billion and was up from the upwardly revised A$2.040 billion surplus in November (originally A$1.234 billion).

Exports were up 5.0 percent on month to A$32.630 billion, while imports added 1/0 percent to A$29.120 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 01, 2017, 11:37:10 pm
Facebook Shares Jump on Strong Fourth Quarter Results

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Facebook Inc. posted solid financial results during the fourth quarter. Earnings and revenue surpassed expectations, driven by strong growth in its mobile advertising business as companies continue their push to reach consumers on mobile phones.

The company showed no indications of slowdown in growth, as quarterly profit came in at $3.57 billion, more than twofold of the $1.56 billion it posted a year ago. The social media firm also reported sales rose 51% to $8.81 billion, surpassing analyst estimates.

Monthly active users on Facebook also rose 17% on-year to 1.86 billion, with 1.23 billion checking their accounts daily and 1.74 billion users accessing it through their mobile phones.

Facebook has now solidified its position as the number 2 in the mobile advertising market, following Alphabet Inc.'s Google.

In November, the company cautioned that ad growth would slow significantly due to ad load limits . But the results showed little indication of this flagged slump as revenue jumped to $8.81 billion from $5.84 billion a year prior.

Adjusted profit is at $1.41 per share, higher than the estimated $1.31 average by analysts. Facebook shares jumped as much as 3.6% in late hours trading after the report and settled at $133.23 in NY trading

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 03, 2017, 02:51:20 am
Technical analysis of EUR/USD for Feb 03, 2017

When the European market opens, some Economic Data will be released, such as Retail Sales m/m, Italian Prelim CPI m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the economic data, too, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m, so, amid the reports, EUR/USD will move in a medium to high volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0813.
Strong Resistance:1.0806.
Original Resistance: 1.0796.
Inner Sell Area: 1.0786.
Target Inner Area: 1.0761.
Inner Buy Area: 1.0736.
Original Support: 1.0726.
Strong Support: 1.0716.
Breakout SELL Level: 1.0709.

More analysis - at instaforex.com
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 05, 2017, 08:51:04 pm
Australia Retail Sales Dip 0.1% In December

(https://forex-images.instaforex.com/analysts/big_preview/australia/5.jpg)

The total value of retail sales in Australia was down a seasonally adjusted 0.1 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at A$25.611 billion.

That missed forecasts for an increase of 0.3 percent following the downwardly revised 0.1 percent gain in November (originally 0.2 percent).

For the fourth quarter of 2016, retail sales advanced 0.9 percent on quarter to A$74.985 billion.

That was in line with expectations following the 0.1 percent contraction in the three months prior.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 05, 2017, 11:29:08 pm
Yahoo Japan Surges as Profit Gets Boost from Ads, E-Commerce

(http://forex-images.mt5.com/prime_news/5897f2bde9213.jpg)

Yahoo Japan Corp. posted its biggest increase since 2013 after quarterly earnings easily topped estimates as profit was bolstered by the strong performance in advertising and online shopping from mobile phones.

The company's shares jumped as high as 17% intraday in Tokyo trading, hitting their daily upward limit. As of 10:35 a.m., the stocks were trading 15% up, adding around $3.4 billion in market value.

Operating income during the December quarter came in at 51.8 billion yen or $460 million, against the estimated 49.5 billion yen. Sales hit 221.4 billion yen, easily topping the 219.5 billion yen.

The strong financial results come amid the company's continued expansion into the mobile platform, which represented for over half of the total advertising revenue for the first time in the company's history. Online shopping via its auction service platform also strengthened its performance, thanks to strict cost management and higher spending by users. Its financial services business also posted a stronger than anticipated performance.

Analysts, who initially had doubts regarding its future performance have changed their view on its potential and sees sustainable growth for the company. Analyst at Cantor Fitzgerald Naoshi Nema upgraded the price target from 400 yen to 660 yen per share.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 06, 2017, 10:07:14 pm
Fxwirepro: Aussie falls Against Major Peers in Early Hours of Asia ahead of Rba’s Cash Rate Decision

(https://forex-images.instaforex.com/analysts/big_preview/rate/5.jpg)

AUD/NZD is currently trading around 1.0442 marks.   

Pair made intraday high at 1.0465 and low at 1.0439 marks.   

Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1.0507 marks.     

A consistent close below 1.0458 will take the parity down towards key supports around 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively. 

On the other side, a sustained close above 1.0458 will drag the parity higher towards key resistances at 1.0507/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.   

Australia’s January AIG construction index increases to 47.7 vs previous 47.0.   

RBA will release cash rate decision and monetary policy statements at 0330 GMT.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 06, 2017, 11:06:31 pm
Euro Weakens on Political Concerns, as Dollar Falls Against Yen

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The euro dropped to a one-week low versus the U.S. dollar on uncertainty regarding French politics prior to the presidential vote along with other upcoming elections in Europe. Investors eyed French politics, with far-right National Front leader Marine Le Pen launching her presidential bid, pledging to combat globalisation and withdraw France out of the eurozone.

In late trading, the euro weakened by 0.4 percent versus the US dollar to $1.0742. It fell to $1.0705, its weakest level since Jan. 31. The greenback fell to two-month lows versus the Japanese yen amid a decline in U.S. Treasury yields. The spread between U.S. two-year and Japanese two-year debt yields shrank to nearly 136 basis points, the narrowest in two months. The greenback last fell 0.7 percent at 111.81 yen, and had previously weakened to 111.63, its lowest since late November.

According to analysts, strong equity markets and upbeat U.S. economic data have supported the previous year's bullish U.S. dollar demands. However, the lack of clarity on expected pro-dollar-tax-and-spending-initiatives by the administration of U.S. President Donald Trump as well as concerns on the outlook of the dollar and global trade have weighed on the currency.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 07, 2017, 02:24:51 am
Intraday technical levels and trading recommendations for EUR/USD for February 7, 2017

(https://forex-images.instaforex.com/userfiles/20170207/analytics58991eaacc1f1.png)

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010.
Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997.
Later in April 2015, a strong bullish recovery was observed around the mentioned demand level.
However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.
In the longer term, the level of 0.9450 remains a projected target if the current monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0570.
Otherwise, the EUR/USD pair remains trapped within the depicted consolidation range (1.0570-1.1400).

(https://forex-images.instaforex.com/userfiles/20170207/analytics58991eb57c373.png)

The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish persistence below 1.0575 is needed to pursue this bearish scenario.
On November 14, bearish persistence below 1.0825 (Key-Level 2) allowed further decline toward 1.0570 (demand level) where evident bullish rejection was expressed on November 24.
Shortly after, the Fibonacci Level 50% (1.0825) constituted a recent supply level which offered a valid SELL entry on December 8.
Bearish persistence below the depicted demand level (1.0570) was expected to allow further decline toward 1.0220. However, significant bullish recovery was expressed around the price level of 1.0340 on January 3.
Bullish persistence above 1.0600 allowed further bullish advance toward 1.0825-1.0850 (Fibonacci Level 50%) where bearish rejection and a valid SELL entry were anticipated.
Bullish breakout above 1.0570-1.0600 was executed on January 12.
That is why, the price level of 1.0570 at the moment constitutes a recent demand level to be watched for the bullish rejection if any bearish pullback occurs.

More analysis - at instaforex.com
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 07, 2017, 09:37:37 pm
Fxwirepro: South Korean Won Erases Previous Gain Against Euro, Faces Strong Resistance at 1,227

(https://forex-images.instaforex.com/analysts/big_preview/south-korea/3.jpg)

EUR/KRW is currently trading around 1,223 mark.   

Pair made intraday high at 1,224 and low at 1,218 levels.   

Intraday bias remains slightly bullish till the time pair holds immediate support at 1,217 mark.   

A consistent close below 1,218 will drag the parity down towards key supports around 1,210, 1,203, 1,199 and 1,163 marks respectively. 

Alternatively, a sustained close above 1,218 will take the parity higher towards key resistances around 1,227, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.   

Seoul shares open down 0.13 pct at 2072.58.

We prefer to take long position in EUR/KRW only above 1,227, stop loss at 1,218 and target of 1,235/1,242.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 08, 2017, 12:23:13 am
Disney Posts Strong Quarterly Profit, Unexpected Revenue Drop

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Disney posted first-quarter profits that topped estimates, but revenue fell short of expectations.

In its quarterly earnings report, the company reported first-quarter earnings of $1.55 per share on a revenue of $14.78 billion. The figures denote a 3% annual decline in revenue and a 10% decline in per-share profit. Analysts anticipated the company to report earnings per share of $1.49 per share on a revenue of $15.26 billion. Profit was boosted by a 13% jump from Disney's theme parks across the globe.

Revenue in majority of its business segments also missed estimates, according to Disney. Disney's consumer products and interactive media segment cashed in around $1.48 billion revenue, missing estimates of $1.75 billion, as the segment faced toughed comparison to the success of franchises in the year-prior period.

Revenue for the firm's media networks business clocked in at $6.23 billion, under the estimated $6.42 billion. Operating income in the segment also fell 4% year-on-year. The lower-than anticipated revenue for October to December was weighed down by the decline in advertising revenue at ESPN and due to the movie business' performance compared to its record success a year earlier.

The stock was initially down 2% in extended trading, but reversed losses and was last trading 1.4% lower.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 08, 2017, 09:29:44 pm
Dollar Weakens as U.S. Treasury Yields Decline

(http://forex-images.mt5.com/prime_news/589bc8886a709.jpg)

The dollar weakened after two days of gains, weighed down by the decline in U.S. Treasury yields amid market uncertainty regarding President Donald Trump's economic policies. U.S. benchmark 10-year Treasury note yields were down to a three-week low of 2.325 percent.

Trump is set to meet Japanese Prime Minister Shinzo Abe and the U.S. president is expected to reiterate his opposition to a firm dollar and a weak yen, which might further weigh on the greenback. The Japanese yen climbed, amid the unease surrounding global political risks in Europe, which eventually pulled down U.S. Treasury yields. The dollar index was down 0.2 percent to 100.27, as the US currency weakened by 0.3 percent to 112.05 yen. The euro edged higher versus the dollar from more than one-week lows. Its recent path has been tied to the developments regarding the French presidential elections.

The euro fell 0.3 percent versus the Japanese yen at 119.76 yen, and was higher by 0.1 percent against the dollar at $1.0687.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 08, 2017, 11:38:44 pm
Fxwirepro: Japanese Yen Marginally Lower Despite Higher Than expected Core Machinery Orders Data

(https://forex-images.instaforex.com/analysts/big_preview/japan/5.jpg)

USD/JPY is currently trading around 112.11 marks.
 
It made intraday high at 112.13 and low at 111.73 levels. 
 
Intraday bias remains neutral for the moment.   

A daily close above 111.93 will take the parity higher towards key resistances around 112.54, 113.48, 113.96, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.   

On the other side, a sustained close below 111.93 will drag the parity down towards key supports around 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.   

Japan’s December machinery orders m/m increases to 6.7 % (forecast 3.1 %) vs previous -5.1 %.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 09, 2017, 09:25:53 pm
Wall Street Advances After Trump Promises Announcement on Taxes

(http://forex-images.mt5.com/prime_news/589d1ebb87ce4.jpg)

U.S. stocks rallied following U.S. President Donald Trump's promise to give an announcement on taxes in the next few weeks. The fourth-quarter earnings season has mostly been strong, as combined earnings of S&P 500 companies have climbed 8.3 percent, its highest in nine quarters.

The Dow Jones industrial average climbed 0.59 percent to finish at 20,172.40, as Nike led advances while Intel lagged behind. The S&P 500 rose 0.58 percent at 2,307.87, as financials led nine sectors higher and utilities and materials were the only decliners. The Nasdaq composite gained 0.58 percent to end at 5,713. Shares of Apple added 0.38 percent and was its largest driver. Eight of the 11 major S&P sectors traded higher.

Coca-Cola dropped 2.6 percent to $40.96 after the company forecasts a decline in full-year adjusted profit. The stock added the most pressure on the Dow and S&P. Shares of Twitter plunged ten percent after the website posted its slowest revenue growth since going public in 2013. Viacom was the largest gainer on the S&P, climbing 4.3 percent after its quarterly profit exceeded analysts' forecasts.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 10, 2017, 12:03:50 am
Fxwirepro: Japanese Yen falls in Early Hours of Asia Despite Higher Than expected Ppi Data

(https://forex-images.instaforex.com/analysts/big_preview/japan/4.jpg)

USD/JPY is currently trading around 113.72 marks.   

It made intraday high at 113.79 and low at 113.22 levels.   

Intraday bias remains bullish till the time pair holds key support at 112.64 marks.
 
A daily close above 113.22 will take the parity higher towards key resistances around 113.96, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.   

On the other side, a sustained close below 113.22 will drag the parity down towards key supports around 112.64, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.   

Japan’s January corporate goods price y/y increase to 0.5 % (forecast 0.0 %) vs previous -1.2 %.   

Japan’s January corporate goods price m/m stays flat at 0.6 % (forecast 0.2 %) vs previous 0.6 %.   

BOJ increases purchase of superlong JGBs in Friday's operation.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 12, 2017, 11:27:15 pm
Japan GDP Adds 0.2% On Quarter In Q4

(https://forex-images.instaforex.com/analysts/big_preview/japan/1.jpg)

Gross domestic product in Japan gained 0.2 percent on quarter in the fourth quarter of 2016, the Cabinet Office said on Monday.

That missed expectations for an increase of 0.3 percent, which would have been unchanged from the previous three months.

On a yearly basis, GDP gained 1.0 percent - also missing forecasts for 1.1 percent and down from 1.4 percent in the third quarter.

Nominal GDP was up 0.3 percent on quarter, shy of expectations for 0.5 percent and up from 0.2 percent in the three months prior.

The GDP deflator eased 0.1 percent on year - unchanged from the third quarter but beating estimates for a decline of 0.2 percent.

Private consumption was flat on quarter, matching forecasts and down from 0.3 percent in Q3. Business spending was up 0.9 percent on quarter, missing forecasts for 12 percent following the 0.3 percent decline in the previous three months.

Net exports, or shipments minus imports, added 0.2 percentage points to GDP.

The Japanese economy has expanded in four straight quarters, the first such streak in more than three years.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 12, 2017, 11:51:34 pm
Indian Government Bond Volatility Surges on RBI’s Unexpected Decision

(http://forex-images.mt5.com/prime_news/58a1291292e69.jpg)

The Reserve Bank of India's policy making committee ruled to keep interest rates unchanged on Wednesday and shifted from an accommodating stance towards a neutral gear, catching investors and traders off-guard.

The unexpected decision caused India's 10-year yield to jump 31 bps on Wednesday and another 12 bps the following day as investors began to taper their bets for additional easing. A measure of 10-day volatility on noted has since risen to 26.7%, its highest since 2013 from the 4.6% on Thursday. Forex reserves of local government and corporate debt fell by 8.3 billion rupees or $124 million during the release of the policy statement, ending a six-day winning streak.

RBI's decision marks the third time that the panel has taken the route contrary to market expectations since it was established in October. It prompted a fivefold surge in bond volatility and caused benchmark notes to record the biggest lost in almost four years.

Authorities maintained borrowing costs despite stating that the economy was unlikely to rise beyond its inflation target of 5% in March. Consumer prices growth decelerated to 3.41% in December, the slowest since November 2014. RBI is eyeing 4% inflation through 2021 in the medium-term, while allowing it to move in a range between 2%-6%.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 13, 2017, 11:38:00 pm
Australia Business Confidence Picks Up Steam - NAB

(https://forex-images.instaforex.com/analysts/big_preview/australia/3.jpg)

Business confidence in Australia gained momentum in January, the latest survey from National Australia Bank revealed on Tuesday with an index score of +10.

That's up from +6 in December, and it marks the highest reading in almost three years.

Business conditions also spiked in January with a reading of +16 - up from +10 and touching an almost 10-year high.

"These outcomes are certainly pointing to an improvement in the domestic economy after a soft patch through much of the second half of 2016," NAB chief economist Alan Oster said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 14, 2017, 12:27:11 am
Greek finance chief chides IMF for delaying bailout deal

Greece's finance head lambasted the International Monetary Fund for wasting its time on internal disaccords, saying it defers a decision on their third rescue agreement.

Greek Finance Minister Euclid Tsakalotos urged the global institution to decide on its participation in the country's €86 billion ($91 billion) bailout package as he reiterated the latter's demands were anchored on wrong figures.

IMF Managing Director Christine Lagarde previously warned Greece won't secure a special sweet accord as she implied the international organization won't withdraw its demands for reforming pension and tax policies.

She said the IMF needs to apply the principles which they apply to all nations since they lend money to the international community. It is determined to avoid repeating events which led to the country's first and second rescue deals.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 20, 2018, 04:58:30 am
RBA Minutes: Domestic Economy Improved More Than Expected

Members of the Reserve Bank of Australia's monetary policy board said that the country's economy has continued to pick up steam, and at a slightly faster rate than expected, minutes from the central bank's November 6 meeting revealed on Tuesday.

At the meeting, the RBA kept its benchmark interest rate on hold at a record low of 1.50 percent for the 26th consecutive meeting. The interest rate has been at the current level since August 2016.

"Members judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time," the minutes said.

The appreciating U.S. dollar and its effect on the Australian currency has helped to boost domestic growth, the minutes said. They added that the inflation rate remained low and stable beneath the midpoint of the target range, as expected.

They further added that while a change to the rate is not imminent, it's likely to be an increase - not a decrease, owing to the improvements in the economy.

"There was no strong case for a near-term adjustment in monetary policy. Rather, members assessed that it would be appropriate to hold the cash rate steady and for the Bank to be a source of stability and confidence while this progress unfolds," the minutes said.

Although policymakers expect further progress in the reduction of unemployment and inflation returning to target, this progress is likely to be gradual, the bank noted.

The Australian economy was performing well with the GDP growing by 3.4 percent and the unemployment rate declining to five percent over the past year, the RBA said.

The bank revised up its economic growth forecasts for 2018 and 2019. Economic growth is expected to be around 3.5 percent over these two years, before slowing in 2020 due to slower growth in exports of resources.

"Taking account of the available information on current economic and financial conditions, as well as the latest forecasts, members assessed that the current stance of monetary policy would continue to support economic growth and allow for further gradual progress to be made in reducing the unemployment rate and returning inflation towards the midpoint of the target," the minutes said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 21, 2018, 07:29:28 am
NZ Dollar Advances Against Majors

The New Zealand dollar climbed against its major counterparts in late Asian deals on Wednesday.

The kiwi advanced to 0.6813 against the greenback, from an early weekly low of 0.6782.

The kiwi climbed to 76.92 against the yen and 1.6700 against the euro, off its previous 8-day low of 76.44 and a 2-day low of 1.6760, respectively.

The kiwi rose back to 1.0614 against the aussie, after falling to 1.0649 at 9:15 pm ET.

If the kiwi rises further, it may find resistance around 0.69 against the greenback, 78.00 against the yen, 1.65 against the euro and 1.05 against the aussie.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 27, 2018, 02:43:22 am
The Ifo business climate index in Germany fell to 102 in November

According to the Ifo Institute, the mood in German companies continued to decline in November, worsening their business forecasts for the next six months. The business climate index in November, calculated by the institute, fell from the October mark of 102.9 to 102.0. Experts predicted that the figure will be 102.3.

Thus, we can conclude that the German economy is showing signs of cooling, notes Ifo's president, Clemens Fuest. Manufacturing companies are unhappy with the current situation in the country and fear that the prospects for the success of their business are in doubt. However, according to Ifo, the number of companies willing to raise prices has increased.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on November 28, 2018, 04:53:51 am
Brexit could cut UK GDP by 5.5% by 2030

According to a study by the London School of Economics and King's College, UK GDP could be reduced by 5.5% by 2030 compared to what the United Kingdom could be in the European Union. Moreover, in the absence of a transaction, the growth of the British economy can be from 3.5% to 8.7%.

By making such assumptions, the authors of the study paid attention to the likelihood of the emergence of trade barriers after Britain's withdrawal from the EU and the decline in immigration flow. At the same time, the study was carried out taking into account the preservation of Great Britain in the customs union, but exclusion from the single market.

Experts also believe that Brexit will entail an increase in regulatory barriers to trade not only in goods but also in services. Also, the deal will mean a restriction of freedom of movement between countries, which will lead to a reduction in both skilled and unskilled workers from other countries.

Together, all these factors will lead to the fact that the growth rate of the British economy will be lower than 1.9-5.5% , if the country remained in the EU.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 03, 2018, 04:42:01 am
Australia Company Operating Profits Rise 1.9% In Q3

Company operating profits in Australia were up a seasonally adjusted 1.9 percent on quarter in the third quarter of 2018, the Australian Bureau of Statistics said on Monday.

That missed expectations for an increase of 2.8 percent and was down from 2.0 percent in the three months prior.

Inventories were flat on quarter, missing forecasts for an increase of 0.4 percent and down from 0.6 percent in the second quarter.

On a yearly basis, company profits were up 13.5 percent and inventories gained 1.6 percent. Wages and salaries were up 0.9 percent on quarter and 4.3 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 04, 2018, 06:39:43 am
RBA Leaves Interest Rate Unchanged At Record Low

The Reserve Bank of Australia on Tuesday decided to keep its benchmark interest rate on hold at a record low citing sluggish wage growth and low inflation.

The board of the Reserve Bank of Australia, governed by Philip Lowe, voted to maintain the cash rate at 1.50 percent. The interest rate has remained at the current level since August 2016.

"Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time," the bank said in a statement.

Policymakers observed that the low level of interest rates is continuing to support the Australian economy. Policymakers expect further progress in the reduction of unemployment and inflation returning to target, but this progress is likely to be gradual.

The Australian economy is performing well with the GDP growth expected to average around 3.5 percent for this year and next, the bank said.

Inflation is forecast to pick up in the coming years, with the growth likely to be gradual. The central scenario is for inflation to be 2.25 percent in 2019 and a bit higher in the following year.

Labour market remained strong with the unemployment rate declining to five percent over the past year. As the economy is expected to continue to grow above trend, a further reduction in the unemployment rate is likely, the bank noted.

Concerning property market, the RBA said conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low.

The outlook for household consumption remained as a source of uncertainty for the economy, the bank cautioned.

Growth in household income remains low, debt levels are high and some asset prices have declined. Growth in credit extended to owner-occupiers has eased, while the demand by investors has slowed noticeably due to changing dynamics of the housing market, it added.

The RBA statement sounded a little cautious by assessing external conditions to be less favorable, Marcel Thieliant, an economist at Capital Economics, said.

Thieliant suggested that the Bank seemed to be getting a bit more worried about the downturn in the housing market.

Given dovish outlook for the economy and prices, the economist believe that rates will not rise until late in 2020.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 05, 2018, 04:19:18 am
China Services PMI Surges In November - Caixin

The services sector in China continued to expand in November, and at a greatly accelerated rate, the latest survey from Caixin revealed on Wednesday with a PMI score of 53.8.

That beat expectations for 50.8, which would have been unchanged from the October reading. It also moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Also, the composite index jumped to 51.9 in November, up from 50.5 a month earlier.

Individually, November marked the steepest increase in services activity in five months, while manufacturing production remained stable.

Composite new businesses climbed at their quickest pace since June, while inflationary pressures cooled.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 06, 2018, 06:43:39 am
The European Commission presented a plan to reduce dependence on the US dollar

The European Commission (EC) on Wednesday, December 5, published a plan to strengthen the global role of the euro in world markets.

EC Vice President for the Euro and Social Dialogue Valdis Dombrovskis said that Brussels intends to make the euro a more attractive currency for international payments than the US dollar. In addition, it is planned to use the euro more for calculations on the global oil and gas markets, as well as in strategic sectors of the economy.

According to officials, the euro must comply with the political, economic and financial level of the eurozone in order to act as a tool for legal regulation of the international political and economic order.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 11, 2018, 05:22:02 am
Australia Q3 House Price Index Drops 1.5%

House prices in Australia fell 1.5 percent on quarter in the third quarter of 2018, the Australian Bureau of Statistics said on Tuesday.

That exceeded expectations for a decline of 1.6 percent following the 0.7 percent drop in the three months prior.

On a yearly basis, house prices skidded 1.9 percent - again exceeding forecasts for a fall of 2.0 percent following the 0.6 percent decline in the previous three months.

The capital city residential property price indexes fell in Melbourne (-2.6 percent), Sydney (-1.9 percent), Perth (-0.6 percent) and Darwin (-0.9 percent), and rose in Brisbane (+0.6 percent), Adelaide (+0.6 percent), Hobart (+1.3 percent) and Canberra (+0.5 percent).

Annually, residential property prices fell in Sydney (-4.4 percent), Darwin (-4.4 percent), Melbourne (-1.5 percent), Perth (-0.5 percent) and rose in Hobart (+13.0 percent), Canberra (+3.7 percent), Adelaide (+2.0 percent) and Brisbane (+1.7 percent).

The total value of residential dwellings in Australia was A$6.847 trillion at the end of the September quarter 2018, falling $70.148 billion over the quarter.

The mean price of residential dwellings fell A$9,700 to A$675,000 and the number of residential dwellings rose by 40,900 to 10,143,700 in the September quarter 2018.

Also on Tuesday, the business confidence index from NAB came in with a score of +3 in November - down from +4 in October. The index for business conditions slipped to +11 from +12 a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 14, 2018, 07:30:11 am
Euro Mixed Ahead Of German WPI

Destatis will release German wholesale prices for November at 2:00 am ET Friday. Ahead of the data, the euro traded mixed against its major rivals. While the euro fell against the greenback and the yen, it rose against the pound. Against the franc, it held steady.

The euro was worth 1.1348 against the greenback, 128.89 against the yen, 1.1290 against the franc and 0.9001 against the pound as of 1:55 am ET.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on December 19, 2018, 07:27:41 am
Euro Little Changed After German PPI

Following the release of German producer prices for November at 2:00 am ET Wednesday, the euro changed little against its major counterparts.

The euro was trading at 127.99 against the yen, 1.1299 against the franc, 0.8995 against the pound and 1.1385 against the greenback around 2:03 am ET.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 25, 2019, 06:47:27 am
ECB press conference: Highlights of Draghi's comments

The ECB has left its policy unchanged. We give the main comments of the ECB President Mario Draghi at a press conference.

Evaluation but not a policy discussion

"We didn't have to discuss the consequences of the risk balance. Today's meeting was mainly devoted to an assessment: where are we and why are we here, how long will the slowdown take place, will the slowdown worsen or will a lower level wait for us These are the questions that have been asked ".

Muffled inflation:
"General inflation is likely to continue to decline in the coming months. Core inflation remains generally subdued, but pressure on labor costs continues to increase and expand amid a high level of capacity utilization and toughening labor markets."

Mid-term inflation:
"Looking into the future, we expect core inflation to grow in the medium term, with the support of our monetary policy measures, continued economic growth, and rising wage growth."

The economic growth:
"The short-term growth momentum is likely to be weaker than previously thought. In the future, growth in the eurozone economy will continue to be supported by favorable financial conditions, further growth in employment and wages, lower energy prices and continued, albeit somewhat slower, expansion of global activity."

Stimulation:
"Significant monetary policy incentives remain necessary to support further increases in domestic price pressure and overall inflation in the medium term. The Board of Governors is ready to use all of its tools, depending on the situation, in order to ensure a constant movement of inflation towards the goal. "

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on January 31, 2019, 01:56:33 am
The pound will continue to try to gain a foothold, and the dollar is waiting for the Fed report

The pound will continue to attempt to strengthen its position after fears of the "problematic" Brexit have declined, and the dollar will weaken on the eve of the Fed meeting.

Last week, the pound reached $ 1.3218, the highest since mid-October, in the hope that London will be able to make a deal with the EU. The deadline set for Brexit, March 29, is likely to be extended, and the main question for the pound is when and how the renewal decision will be made. As for the dollar, the focus is now shifting back to key events that threaten the dollar with more serious consequences, such as the FOMC (Federal Open Market Committee) meeting, US-China trade negotiations, and the US jobs report. The Fed is expected to leave interest rates unchanged.

Markets are waiting for signals about the future of the Fed's policy after recent official comments made it clear that rates of rate hikes this year will be reduced amid growing uncertainty about the state of the US economy, the global economy and fragile financial markets. Experts estimate the likelihood of a rate hike in 2019 as very low, although some still expect two approaches in the second and fourth quarters. The dollar may face pressure if the Fed decides to highlight the negative effects of the closure of the US government in its report.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 14, 2019, 07:40:02 am
Euro Rises Following German GDP Data

Destatis has published German preliminary GDP data for the fourth quarter and wholesale price index for January at 2:00 am ET Thursday.

After these data, the euro rose against its major rivals.

The euro was trading at 125.39 against the yen, 1.1381 against the franc, 1.1294 against the greenback and 0.8768 against the pound around 2:01 am ET.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 15, 2019, 05:09:39 am
China CPI Slows To 1.7% On Year In January

Consumer prices in China were up 1.7 percent on year in January, the National Bureau of Statistics said on Friday.

That was shy of expectations for an increase of 1.9 percent, which would have been unchanged from the December reading.

On a monthly basis, consumer prices were up 0.5 percent following the flat reading in December.

Producer prices were up 0.1 percent on year, shy of expectations for an increase of 0.5 percent and down from 0.9 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 18, 2019, 06:48:49 am
U.S. Dollar Falls On Trade Talk Hopes

The U.S. dollar depreciated against its most major counterparts in the Asian session on Monday, as investors awaited trade talks between the U.S. and China beginning this week, after making some progress in talks held last week.

A statement from the White House said high level U.S.-China trade talks this week led to "progress between the two parties", but noted "much work remains."

Trump said that the meetings were very productive and he is ready to extend the March 1 deadline and hold off a planned tariff hike on Chinese goods.

Minutes from the Federal Reserve's last policy meeting are due on Wednesday, with investors awaiting more clues on its rate hike path for this year.

The greenback declined to a 5-day low of 1.2920 against the pound, down from a 5-day high of 1.2899 hit at 5:45 pm ET. The greenback is seen finding support around the 1.32 level.

The greenback slipped to a weekly low of 1.0029 against the franc, following a high of 1.0055 seen at 5:15 pm ET. The next likely support for the greenback is seen around the 0.99 level.

Pulling away from an early high of 1.1289 against the euro, the greenback fell to a 5-day low of 1.1325. On the downside, 1.15 is possibly seen as the next support level for the greenback.

The greenback dropped to a 5-day low of 1.3225 against the loonie, near 2-week lows of 0.6893 against the kiwi and 0.7159 against the aussie, from its early highs of 1.3255, 0.6855 and 0.7133, respectively. The greenback is poised to challenge support around 1.29 against the loonie, 0.70 against the kiwi and 0.74 against the aussie.

On the flip side, the greenback held steady against the yen, after having advanced to 110.58 at 6:55 pm ET. The pair was valued at 110.46 at Friday's close.

Data from the Cabinet Office showed that Japan core machine orders fell 0.1 percent on month in December - beating expectations for a decline of 1.0 percent following the flat reading in November.

On a yearly basis, core machine orders were up 0.9 percent - shy of forecasts for an increase of 3.4 percent following the 0.8 percent increase in the previous month.

The U.S. markets remain closed for Presidents Day holiday.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 19, 2019, 05:02:29 am
EUR/USD: real weakness of the greenback or vain hopes for progress in the negotiations?

In recent weeks, the greenback has shown quite an impressive rally. However, an ambiguous statistical data from the United States, and then positive news about the trade negotiations between Washington and Beijing, then forced it to switch to defense mode against most of the currencies from the G10.

Against the background of improving global risk appetite, the EUR/USD pair fell to the bottom of the level of 1.1250, recovered above the level of 1.1300 and today is trying to gain a foothold above this mark.

Last week, the dollar received the main blow from the internal statistics, which turned out to be significantly worse than the forecast values. In particular, in December, retail sales in the United States declined at the fastest rate in almost a decade, which has led to renewed talk about preparing for a slowdown in the US economy and the best times for the greenback are over.

It is assumed that this week a weak report on retail sales will continue to put pressure on the dollar, especially since the minutes of the Fed's January meeting, which will be published this Wednesday, are likely to confirm the regulator's intention to maintain a wait-and-see position in March.

At the same time, the main negative factor for the single European currency is the fact that the ECB and the European Commission have recently revised downward forecasts for GDP growth and inflation in the region, which in turn postpones the ECB interest rate hike to a later date. In addition, there is still tension on the political scene: the UK's uncontrolled exit from the EU is still on the agenda. Investors are not optimistic about the possibility of introducing trade duties on European cars from the United States.

Currently, positive market expectations regarding the course of trade negotiations between the US and China are the main factor supporting the euro.

Last Saturday, US President Donald Trump announced significant progress in this direction.

It should be noted that previously something similar could already be observed. One can only hope that the White House's comments on the "good pace" of the talks (which, by the way, only two weeks are left) are a sign of a real breakthrough, not false promises.

Thus, to some extent, the further growth of the EUR/USD pair will depend on whether the parties enter into a trade agreement or the United States will extend the deadline for signing it.

However, according to experts, the "bulls" on the euro are not particularly counting on anything, since only a breakthrough above the mark of 1.15 will be a sign of upward dynamics.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 20, 2019, 04:13:17 am
Australia Wage Prices Gain 0.5% On Quarter In Q4

Wage prices in Australia were up a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for an increase of 0.6 percent, which would have been unchanged.

On a yearly basis, wage prices advanced 2.3 percent - unchanged and matching forecasts.

Private sector wages were up 0.6 percent on quarter and 2.3 percent on year, while public sector wages rose 0.6 percent on quarter and 2.5 percent on year.

The highest index rise at an industry level was in financial and insurance services (0.9 percent) and the lowest in accommodation and food services (0.1 percent).

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 21, 2019, 05:06:45 am
Australia Unemployment Rate Unchanged At 5.0% In January

The jobless rate in Australia was a seasonally adjusted 5.0 percent in January, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations.

The Australian economy added 31,900 jobs last month - blowing away forecasts for an increase of 15,000 jobs following the gain of 16,900 jobs in December.

Full-time employed persons increased 65,400 to 8,743,100 and part-time employed persons decreased 26,300 to 4,008,700.

Unemployed persons increased 6,600 to 673,500.

The seasonally adjusted underemployment rate fell 0.2 pts to 8.1 percent, while the monthly underutilization rate fell 0.1 pts to 13.2 percent.

The participation rate was 65.7 percent, exceeding expectations for 65.6 percent - which would have been unchanged from the previous month.

Monthly hours worked in all jobs increased 6.6 million hours to 1766.4 million hours.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 22, 2019, 07:20:49 am
Euro Mixed Ahead Of German GDP Data

At 2:00 am ET Friday, Destatis will release German final GDP data for the fourth quarter. Ahead of the data, the euro traded mixed against its major counterparts. While the euro rose against the greenback and the yen, it held steady against the franc and the pound.

The euro was worth 125.64 against the yen, 1.1351 against the franc, 0.8698 against the pound and 1.1341 against the greenback as of 1:55 am ET.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 26, 2019, 04:46:10 am
EUR / USD: Greenback's remarkable resilience and euro's ghostly hopes for growth

Against the backdrop of expectations on the possible occurrence of a three -year cycle tightening the monetary policy of the US Federal Reserve System (Fed) and its nearing completion, traders began to rely on the weakening of the US currency by the end of last year. However, after the decline in December-January, the greenback was able to get managed in February not only to restore the lost positions, but also to strengthen by almost 1%.

This year, the stability of the dollar came as a surprise to many. However, it is hardly surprising, given the fact that the same factors that limit the Fed in actions (slowing global growth and tightening financial conditions), force other central banks to take a more cautious position, "BlackRock representatives said.

"It is possible that in the future the market will have to adapt not only to mitigate the Fed's policy, but also to show a more" dovish "attitude of the ECB. It is assumed that in the coming months, the difference in interest rates in Europe and the United States will play in favor of the greenback, "noted JP Morgan Asset Management experts.

"Despite the easing of the Fed's rhetoric, the single European currency finally lost its appeal, as well as, the support of those drivers who provided the upward momentum of EUR / USD in 2016-2018. We expect a shift in trade from the range of 1.12-1.15 to 1.10-1.14, "analysts at Barclays said.

"The euro against the dollar stuck in the area of 1.12-1.16. We believe that cyclical factors will support the demand for the American currency in the near future, "said strategists at Danske Bank.

According to the experts, in the event of a settlement of trade disputes between Washington and Beijing, it will be possible to count on accelerating US economic growth, which is why the Fed will return to a tighter monetary policy to support the greenback.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 27, 2019, 05:34:51 am
The dollar could be preparing for a new rally

Following the active growth observed in mid-February, the US currency came under pressure against the background of a softening of the Fed's rhetoric and positive expectations about making progress in the United States and China trade negotiations.

Does this mean that the strengthening of the greenback, which began in February last year, is nearing completion?

Investors expect the Federal Reserve to refrain from hiking interest rates in the current year, and are inclined to believe that the next step for the regulator may be to reduce the cost of borrowing, at least this is indicated by the futures quotations for the federal financing rate.

Meanwhile, the minutes of the last meeting of the US central bank show that it may not be such a "dove" as the markets believe. In any case, the prevailing views among FOMC members proceed from the fact that the regulator may have not yet completed the rate hiking process, but simply paused it.

In particular, the head of the Federal Reserve Bank of Atlanta, Raphael Bostic, believes that the Fed may raise the federal funds rate by 0.25% this year and by the same amount next year.

As for the trade negotiations between Washington and Beijing, the transaction may not take place at all, which will be one of the drivers for strengthening the greenback.

Here we should also add America's trade war against Europe, as well as the growing US public debt. In addition, one should not forget about the securities market, which may be on the "bearish" territory after the longest "bullish" cycle in history, which will again push global investors to US government bonds and the dollar.

Thus, based on the above, most likely, we should expect the next USD rally, within which the highest levels of November-February (around the mark of 97.50) will be tested.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on February 28, 2019, 05:29:37 am
China Manufacturing PMI Slides To 49.2 In February

The manufacturing sector in China continued to contract in February, and at a faster rate, the latest survey from the National Bureau of Statistics revealed on Thursday with a manufacturing PMI score of 49.2.

That missed expectations for a score of 49.5, which would have been unchanged from the previous month. It also moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

The bureau also said that its non-manufacturing PMI came in with a score of 54.3 in February - again shy of expectations for 54.5 and down from 54.7 in the previous month.

The composite index posted a score of 52.4, down from 53.2 a month earlier.

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Title: Re: Forex News from InstaForex
Post by: alrelax on March 04, 2019, 05:32:45 pm
Continual BOT, Continual BOT, Continual BOT.  Posting the same stuff on multiple websites of pure sales con stuff, IMO!!!! >:(
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 05, 2019, 02:36:01 am
Australia Has A$7.2 Billion Current Account Deficit In Q4

Australia had a seasonally adjusted current account deficit of A$7.2 billion in the fourth quarter of 2018, the Australian Bureau of Statistics said on Tuesday.

That exceeded expectations for a shortfall of A$9.1 billion following the A$10.7 billion deficit in the three months prior.

The surplus on goods and services fell A$781 million from A$2.022 billion in the third quarter to A$1.241 billion in the fourth quarter.

Net exports of gross domestic product fell 0.2 percent versus expectations for a fall of 0.1 percent following the 0.4 percent gain in Q3.

Australia's net IIP liability position was A$975.7 billion at 31 December 2018, an increase of A$36.5 billion on the revised 30 September 2018 position of A$939.1 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 06, 2019, 05:34:47 am
Australia Q4 GDP Advances 0.2% On Quarter

Australia's gross domestic product added a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for an increase of 0.5 percent following the 0.3 percent gain in the three months prior.

On an annualized basis, GSP was up 2.3 percent - again missing forecasts for 2.6 percent and down from 2.8 percent in the previous quarter.

"Growth in the economy was subdued, reflecting soft household spending and a decline in dwelling investment," ABS Chief Economist Bruce Hockman said. "The approvals for dwelling construction indicate that the decline in dwelling investment will continue."

Household spending grew 0.4 percent, reflecting a continuation of modest spending in recent quarters. Investment in dwellings fell 3.4 percent.

Falls in private investment dampened growth in the quarter. This was consistent with the decline in construction industry value added, falling 1.9 percent. Services industries supporting construction activity detracted from growth with professional scientific and technical services industry value added declining for the first time in three years.

Mining investment fell in the quarter as significant projects transitioned from the construction to the production phase. This is reflected in oil and gas production, which grew 7.7 percent.

Public demand sustained growth in the quarter. Public investment remained at high levels with State and Local government growth of 6.3 per cent reflecting continued work on a number of large infrastructure projects.

Government final consumption expenditure grew 1.8 percent, with ongoing expenditure in health, aged care and disability services. This investment translates to ongoing strength from the healthcare industry, which remains the largest contributor to economic growth.

Terms of trade rose 3.1 percent.

"As the economy transitions out of the mining boom, investment has remained strong with major public works driving growth around Australia," Hockman said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 07, 2019, 05:12:11 am
Australia January Trade Surplus A$4.549 Billion

Australia posted a seasonally adjusted merchandise trade surplus of A$4.549 billion in January, the Australian Bureau of Statistics said on Thursday.

That exceeded expectations for a surplus of A$2.90 billion and was up A$780 million from the upwardly revised A$3.769 billion surplus in December (originally A$3.681 billion).

Exports were up 5.0 percent on month or A$1.901 billion to A$39.937 billion in January from A$38.036 billion in the previous month.

Non-monetary gold rose A$1.373 billion, while non-rural goods rose A$396 million (2 percent) and rural goods rose A$97 million (2 percent).

Net exports of goods under merchanting fell A$12 million (33 percent) and services credits rose A$46 million (1 percent).

Imports picked up 3.0 percent or A$1.121 billion to A$35.388 billion from A$34.267 billion a month earlier.

Capital goods rose A$737 million (12 percent), while consumption goods rose A$483 million (6 percent) and intermediate and other merchandise goods rose A$157 million (1 percent).

Non-monetary gold fell $65 million (13 percent) and services debits fell A$191 million (2 percent).

Also on Thursday: .

The ABS said that the total value of retail sales in Australia was up a seasonally adjusted 0.1 percent on month in January, coming in at A$27.018 billion. That was shy of expectations for a gain of 0.3 percent following the 0.4 percent decline in December.

Individually, there were gains in food retailing (0.3 percent), cafes, restaurants and takeaway food services (0.2 percent), and clothing, footwear and personal accessories retailing (0.1 percent). Other retailing (0.0 percent) was relatively unchanged, while household goods retailing (-0.2 percent), and department stores (-0.4 percent) fell in January. .   

The construction sector in Australia continued to contract in February, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 43.8.

That's up from 43.1 in January, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction.

In all, the sector has been in contraction for six straight months.

Individually, activity, employment, new orders, supplier deliveries and selling prices were all firmly in contraction. Input prices and average wages continued to expand, although at a slower rate.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 08, 2019, 05:02:06 am
ECB maintains super-soft monetary policy

The European Central Bank (ECB) has postponed the interest rate hike for an indefinite period, which means that the slowdown in economic growth in the eurozone has surpassed the calculations of experts.

According to the ECB, the interest rate will remain unchanged until the end of 2019, the previous forecast assumed it would maintain the current rate until September 2019. Since March 2016, the ECB's key refinancing rate is zero.

The ECB's previous forecast assumed an interest rate increase at any time from September 2019. However, after the publication of the economic indicators of Germany and Italy for the fourth quarter of 2018 and weak results at the beginning of the current year, tightening monetary policy seems to be a premature measure.

The problem is that the ECB Chairman Mario Draghi is trying to complete the program of ultra-soft monetary policy, which for the last ten years has supported the project of the single European currency. On the other hand, the European regulator needs to take measures to resume the region's slowing economic growth.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 11, 2019, 04:51:17 am
Japan M2 Money Stock Climbs 2.4% On Year In February

The M2 money stock in Japan was up 2.4 percent on year in February, the Bank of Japan said on Monday - coming in at 1,010.1 trillion yen.

That was in line with expectations and up from the downwardly revised 2.3 percent in January (originally 2.4 percent).

The M3 money stock was up an annual 2.1 percent for the fourth straight month, matching expectations at 1,343.1 trillion yen.

The L money stock was up 2.1 percent on year at 1,789.5 trillion yen, accelerating from the 1.9 percent gain in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 12, 2019, 05:13:46 am
What is waiting for the dollar this week, and what data should be considered carefully

This week, the dollar started, almost came close to a three-month high, as investors continued to give preference to the greenback amid fears of global growth. The dollar index against a basket of six major currencies grew by 0.1 percent, to 97.412 points, just this year the figure rose 1.3 percent. There is no good news for the euro. Last week, the euro currency fell to its weakest level since June 2017, after officials at the European Central Bank changed their hawkish tone to dovish. After the bank significantly reduced its forecast for growth in the eurozone, and also because of weaker-than-expected Chinese export and import data, concerns about the weakness of the global economy are resuming. This instantly puts pressure on the euro and other currencies, except the dollar, which is relatively strong as long as the US economy maintains its pace.

However, there are also alarming signals: employment growth almost stopped in February, as the world's largest economy created only 20,000 jobs, which is much less than what analysts expected. But traders also found positive news, the employment rate in the US fell below 4 percent, and the average hourly wage increased by 0.4 percent, which will help reduce the dollar's loss.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 13, 2019, 04:58:33 am
Japan January Core Machine Orders Plunge 5.4%

The total value of core machine orders in Japan dropped a seasonally adjusted 5.4 percent in January, the Cabinet Office said on Wednesday - coming in at 822.3 billion yen.

That missed expectations for a decline of 1.5 percent following the downwardly revised 0.3 percent fall in December (originally -0.1 percent).

On a yearly basis, core machine orders sank 2.9 percent - again shy of expectations for a fall of 2.1 percent following the 0.9 percent gain in the previous month.

Manufacturing orders fell 1.9 percent on month and 7.5 percent on year, while non-manufacturing orders tumbled 8.0 percent on month and added 1.0 percent on year.

Government orders rose 2.7 percent on month and 6.2 percent on year, while orders from overseas plummeted 18.1 percent on month and 22.7 percent on year and orders through agencies fell 1.3 percent on month and gained 6.5 percent on year.

The total value of machinery orders received by 280 manufacturers operating in Japan tumbled 7.9 percent on month.

Also on Wednesday, the Bank of Japan said that producer prices in Japan were up 0.2 percent on month in February. That exceeded expectations for an increase of 0.1 percent following the 0.6 percent decline in January.

On a yearly basis, producer prices climbed 0.8 percent - again exceeding expectations for a gain of 0.7 percent and up from 0.6 percent in the previous month.

Export prices were up 0.6 percent on month and down 1.7 percent on year in February, the bank said, while import prices gained 1.1 percent on month and fell 0.7 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 14, 2019, 05:39:42 am
When is May's resignation and what is the Bank of England's opinion?

The pound continues to be the most dynamic asset of the foreign exchange market. Moreover, now traders are preparing for the growth of currency fluctuations before the next stages of Brexit. So, it is unlikely that anyone expected the British MPs to support Theresa May's deal on Tuesday. Today, few expect that the Parliament will decide to leave the European Union without a deal. The third round of voting is still on Thursday. The question of whether to extend Article 50 will be considered, and it seems very likely that there is no alternative to this solution.

It is peculiar what the MPs expect after postponing the deadline for the exit. European officials have clearly expressed their position: there will be no more concessions - neither on the Irish back-stop, nor on any other issues. Many hope that, faced with such a defeat, England will reject the idea of withdrawing from the union or hold a repeated referendum.

By the way, Theresa May even created the prerequisites for this. Here's how she commented on the disastrous vote on Tuesday:

"The European Union will want to know why we want to postpone the deadline. The House will have to answer this question: do we want to suspend the operation of Article 50, to hold a second referendum, or to conclude a deal different from the current one".

Despite May's next fiasco, ther sterling was able to stay afloat and did not sink to the bottom. After a short fall, it remained above $1.30. It seems that market participants expect to get more time, even if it has to prepare an exit without a deal.

However, the question regarding the British prime minister's ability to provide for the country's exit conditions, under which it will retain access to the single European market and customs union, is again a big question. Therefore, in the coming days, the general political uncertainty may be aggravated by the possibility, but real, resignation of Theresa May. In this regard, investors will look to selling the GBPUSD pair.

Bank of England Position

The Bank of England ordered financial companies to accumulate excess liquidity and launched a mechanism for mutual exchange of currencies to provide access to foreign currency if the need arises. A very prudent step, and precisely for this reason, members of a committee of the Bank of England made it clear that they could vote for lower rates if the country exited the EU without a deal. Thus, they intend to give the economy an opportunity to cope with the crisis.

The official position of the central bank is that the rates can not only decrease, but also rise with the rigid performance of Brexit. However, a more likely scenario, according to Mark Carney, would be a decline. He also warned that a "hard divorce" with the EU would have a strong inflationary impact due to the potential collapse of the sterling.

Artificial Intelligence Opinion
Investors are now hoping and betting quotes for the pound, a scenario of prolongation of Article 50 of the Lisbon Treaty, while they underestimate the risk of a "hard" Brexit. According to forecasts of a hedge fund created by former JPMorgan traders and using artificial intelligence, the pound is waiting for a deep fall due to an exit without a deal. According to the base scenario of traders, the sterling will first collapse and then begin to recover.

Britain will withdraw from the EU without a "default" deal, since "neither side will be able to agree on something," the fund representatives wrote.

"The longer the government postpones its decision, the more hope for the possibility of holding another referendum will increase among market players, reinforcing the view that Brexit can be canceled," the forecast also says.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 19, 2019, 05:07:45 am
Australia House Price Index Sinks 2.4% In Q4

House prices in Australia were down 2.4 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Tuesday - coming in at A$6.677 trillion.

That missed expectations for a fall of 2.0 percent following the 1.5 percent decline in the three months prior.

The capital city residential property price indexes fell in Sydney (-3.7 percent), Melbourne (-2.4 percent), Brisbane (-1.1 percent), Perth (-1.0 percent), Canberra (-0.2 percent) and Darwin (-0.6 percent) and rose in Hobart (+0.7 percent) and Adelaide (+0.1 percent) on a quarterly basis.

On a yearly basis, house prices sank 5.1 percent - again missing forecasts for a drop of 5.0 percent following the 1.9 percent contraction in the previous three months.

Annually, residential property prices fell in Sydney (-7.8 percent), Melbourne (-6.4 percent), Darwin (-3.5 percent), Perth (-2.5 percent) and Brisbane (-0.3 percent) and rose in Hobart (+9.6 percent), Canberra (+1.8 percent) and Adelaide (+1.5 percent).

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 20, 2019, 07:26:51 am
Euro Mixed Ahead Of German PPI

Destatis will release German producer prices for February at 3:00 am ET Wednesday.

Ahead of the data, the euro traded mixed against its major counterparts. While the euro held steady against the greenback and the yen, it rose against the pound. Against the franc, it fell.

The euro was worth 126.61 against the yen, 1.1342 against the franc, 0.8560 against the pound and 1.1347 against the greenback as of 2:55 am ET.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 21, 2019, 05:13:04 am
Australia Jobless Rate Sinks To 4.9% In February

The unemployment rate in Australia came in at a seasonally adjusted 4.9 percent in February, the Australian Bureau of Statistics said on Thursday - beneath expectations for 5.0 percent, which would have been unchanged from the January reading.

The Australian economy added 4,600 jobs in February, shy of forecasts for the addition of 15,000 jobs following the gain of 38,300 jobs in the previous month.

The participation rate was 65.6 percent, below expectations for 65.7 - which would have been unchanged from a month prior.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 22, 2019, 05:06:01 am
Japan Manufacturing PMI Unchanged At 48.9 In March - Nikkei

The manufacturing sector in Japan continued to contract at a steady pace, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 48.9.

That's unchanged from the February reading and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were further production cutbacks amid weaker new order inflows, while business confidence remained below the long-term average.

"Further struggles for Japanese manufacturers were apparent at the end of Q1, with latest flash PMI data showing a sustained downturn. Slack demand from domestic and international markets prompted the sharpest cutback in output volumes for almost three years," said IHS Economist Joe Hayes.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 26, 2019, 05:20:52 am
The yen got wings, next stop $ 108.5

The fall of the yield curve below zero for the first time since 2007 stirred up the financial markets. The indicator, showing the difference between 10 and 3-year treasuries, is a reliable harbinger of a recession with a time lag of 12-18 months. Its inversion pushed players to active sales of shares. The losses of the S & P 500 amounted to 1.5%, and two new topics appeared on the market, fueling traders' interest in protective assets, such as the yen.

The sharp change in the rate of the Federal Reserve at the beginning of the year contributed to the rapid rally of US stock indices. The stock market prepared to close the quarter with the best result in nearly 30 years. However, it looks unnatural when macroeconomic statistics deteriorate and stocks rise. The growth of the US economy in the first quarter, will slowdown to less than 1% according to estimates of the leading indicator from the Atlanta Fed. hus, Morgan Stanley suspects that October-December GDP may be adjusted from 2.6% to 1.8% in quarterly terms. Divergence between economic reports and stock indicators cannot last forever.

The situation is similar throughout the world. Thus, the index of purchasing managers in the manufacturing sector of China, Japan, and the eurozone is below the critical level - 50, which indicates a slowdown in global GDP growth. Meanwhile, European stocks are ahead of their American counterparts, and the global MSCI is increasing. The naked eye can see that the market is overheated, which means it's time to pay attention to the safe haven assets. A 1.5% increase in the Japanese yen last week is a further evidence of this.

The national currency of Japan was under the "press" for quite some time. Its growth was hindered by such factors as high risk appetite, low rates of the world debt market and volatility. Inversion of the US yield curve provoked carry-traders to close positions, increased demand for funding currencies, and also caused the USDJPY rate to depreciate.

Among the most obvious fears of the market is the excessively "soft" position of the Fed. There was a too sharp change of tone. In December, the regulator allowed three series of rate increases, and now it does not plan any policy tightening. Perhaps, officials of the regulator do not agree on something, for example, a speedy recession. That is why the yield curve and went into the red zone.

Safe haven assets, as well as the yen, will be supported by the growing risks of the subsequent correction of the S & P 500 and increased volatility. The situation is heightened by rumors about Theresa May's resignation and the possible escalation of trade conflicts. Thus, the USDJPY pair may well move to the level of $ 108.5.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 27, 2019, 04:29:03 am
New Zealand Keeps Official Cash Rate Unchanged At 1.75%

The Reserve Bank of New Zealand on Wednesday kept its Official Cash Rate at the record low of 1.75 percent for the 16th straight meeting.

The decision was in line with expectations following a 0.25 percent rate cut in November 2016.

The central bank has pared a collective 0.50 percent from its benchmark in the last 25 months, lowering the rate in six of the last 22 meetings after six straight sessions with no change.

Given the weaker global economic outlook and reduced momentum in domestic spending, the likely direction of the next OCR move is down, RBNZ Governor Adrian Orr noted.

Employment is near its maximum sustainable level, the bank said. However, core consumer price inflation remains below our 2 percent target mid-point, necessitating continued supportive monetary policy.

The global economic outlook has continued to weaken, in particular key trading partners including Australia, Europe, and China. This weaker outlook has prompted central banks to ease their expected monetary policy stances, placing upward pressure on the New Zealand dollar.

Domestic growth slowed in 2018, with softness in the housing market and weak business investment contributing.

"We expect ongoing low interest rates, and increased government spending and investment, to support economic growth over 2019. Low interest rates, and continued employment growth, should support household spending and business investment. Government spending on infrastructure, housing, and transfer payments also supports domestic demand," Orr said.

As capacity pressures build, consumer price inflation is expected to rise to around the mid-point of our target range at 2 percent.

The balance of risks to this outlook has shifted to the downside, the bank said. The risk of a more pronounced global downturn has increased and low business sentiment continues to weigh on domestic spending. On the upside, inflation could rise faster if firms pass on cost increases to prices to a greater extent.

"We will keep the OCR at an expansionary level for a considerable period to contribute to maximizing sustainable employment and maintaining low and stable inflation," Orr said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 28, 2019, 04:28:59 am
May will leave in exchange for support of her Brexit proposal

The British Parliament, taking control of the Brexit process, hopes to find a way out of the impasse. On Wednesday, lawmakers will explore alternatives to the prime mnister's project through a series of so-called "demonstrative" votes. The Theresa May Agreement is still a promising option. In addition, there were rumors that she would leave her position as prime minister in exchange for support of her Brexit proposal.

Voting will begin at 19:00, the results are expected by 21:00 London time. It is possible that the ministers will need more time to choose an option they prefer. In this case, the meeting will continue on Monday. Voting may not provide the result that MPs are counting on, but the fact that they have united and challenged the government is already a huge breakthrough.

Meanwhile, the pound, which won back losses against the background of traders' belief in a positive outcome of Brexit, is waiting for the results of a new vote.

Here is what leading strategists wrote:
Credit Agricole CIB
"Despite the fact that political uncertainty is likely to continue, our long-term view remains constructive - the pound will rise to $1.39 by September."
Newton Asset Management
"There is a possibility that MPs will not come to any of the final options, which will further confuse the situation."

European Council President Donald Tusk, who spoke on Wednesday at the European Parliament's plenary session in Strasbourg, said that the British should retain the right to revise Brexit plans and be given the time to do so, that is, agree to a lengthy delay. This means that the UK will participate in European elections.

Results that may follow a series of votes:
Theresa May's proposal that already failed twice will unlikely be passed. Nevertheless, some who oppose the prime minister's unpopular deal and supporters of the "hard" scenario, such as Jacob Rees-Mogg, said that they could change their mind and vote in favor. In this scenario, the likelihood of a disorderly Brexit will decrease, which contributes to the sterling's immediate strengthening against both the dollar and the euro. Although the "hard" Brexit was eliminated twice, legally it remains as the "default" scenario if no agreement is reached by April 12.

The UK remains in the customs union. This will allow the country to conduct free trade, while a single market will be closed. It may also mean that Britain will have to maintain some form of freedom of movement of citizens throughout the eurozone.

One of the versions of Theresa May's proposal is the Malthouse deal. Here, the Irish "backstop" is replaced by "technical solutions", which are currently not defined.

The idea of a second referendum remains.

The simplest option is to abolish Article 50. It is unlikely for it to receive a greater support in the House of Commons. Deputies fear that in this way they will ignore the will of the British, expressed in a referendum in 2016.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on March 29, 2019, 05:28:02 am
Japan Retail Sales Add 0.2% In February

Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in February, the Ministry of Economy, Trade and Industry said on Friday.

That missed expectations for an increase of 1.0 percent following the 1.8 percent decline in January.

On a yearly basis, retail sales advanced 0.4 percent - again missing expectations for 1.0 percent and down from 0.6 percent in the previous month.

Sales from large retailers tumbled an annual 1.8 percent, missing forecasts for a fall of 1.3 percent following the 3.3 percent slide a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 01, 2019, 07:08:48 am
EUR/CAD approaching resistance, potential drop!

EURCAD is approaching our first resistance at 1.5033 (horizontal overlap resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur to our major resistance at support at 1.4925 (horizontal swing low support). RSI (34) is also approaching resistance and ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 02, 2019, 04:05:55 am
Australia Building Approvals Surge 19.1% In February

The total number of building approvals in Australia jumped a seasonally adjusted 19.1 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at 17,074.

That was way above forecasts for a fall of 1.8 percent following the 2.5 percent gain in January.

On a yearly basis, building approvals sank 12.5 percent - but that also beat expectations for a fall of 27.0 percent after tumbling 28.6 percent in the previous month.

The seasonally adjusted estimate for private sector houses fell 3.6 percent in February, while private sector dwellings excluding houses surged 64.6 percent. The value of total building approved rose 15.4 percent in February.

The value of residential building rose 24.7 percent, while the value of non-residential building rose 2.1 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 03, 2019, 05:02:10 am
Australia Has A$4.801 Billion Trade Surplus

Australia posted a seasonally adjusted merchandise trade surplus of A$4.801 billion in February, the Australian Bureau of Statistics said on Wednesday.

That beat expectations for a surplus of A$3.70 billion and was up from A$4.549 billion in January.

Exports were flat on month at A$39.833 billion. Non-rural goods rose A$127 million, while non-monetary gold fell A$142 million (7 percent) and rural goods fell A$44 million (1 percent). Net exports of goods under merchanting remained steady at A$10 million. Services credits rose A$136 million (2 percent).

Imports fell 1.0 percent to A$35.032 billion.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 04, 2019, 06:31:56 am
The players believed in the euro, but the signal was "bearish"

The euro stopped a six-day decline and increased due to the fact that market participants believed in it. Improving the mood for risky assets is supported by optimism about the deal between the US and China and strong data for China and the eurozone. The euro is rising, while German bonds are falling, and the 10-year yield has risen briefly above zero.

Imports fell 1.0 percent to A$35.032 billion.

The dollar missed the initiative, the EUR/USD pair added 0.45% at $ 1.1252 on Wednesday. The ability to stay above the March lows led to triggering trailing stops, with a huge number being placed above $1.1250. This information was shared with Bloomberg by two traders from Europe.

Purchasing manager indices for the services sector in March surpassed all four major economies in the region. In this regard, some concerns over the decline in production have softened.

Bear slope

Meanwhile, strategists who write for Bloomberg, warned that the general signal for the euro remains bearish for the long term.

It is worth recalling the deeply negative real yield, the high level of debt and the stubbornly slow growth of the region's economy. Factors that could protect the euro, are frankly little, so the currency will weaken in the coming months.

The exception is that the euro will be used as a safe-haven in times of stress due to the region's current account surplus and relatively low currency volatility. However, the current account surplus slightly decreases.

Additional pressure on the single currency will come from parliamentary elections in the European Union in May and early elections in Spain. Political tensions in France and Italy will also add pressure on the euro.

Brexit consequences for Europe

Now they are actively discussing the possible consequences of an exit without a deal. This is dangerous not only for Britain itself, but also for Europe and the world economy as a whole. Investors are forced to admit that the "hard" scenario next week is not only not excluded, but also quite possible.

Goldman Sachs tried to describe the economic effect of Brexit 2.5 years after the referendum. The picture turned out, to put it mildly, alarming.

So, during the week after the referendum, the UK economy lost 2.4% of GDP, or about 600 million pounds. Most of these losses relate to business investment, so the bank is inclined to believe that experts underestimated the effect of political uncertainty.

Brexit every 2.5 years is a major stimulant for the UK markets and investments. In the first quarter of this year, growing uncertainty reduced investment growth by 5% in quarterly terms.

Major investments (airplanes, trains, and equipment) and services (hotels and restaurants) are most severely affected, heightening the threat of recession in the European industrial sector.

Another shock

As noted by the bank, risky assets in the world markets were affected by the referendum's results, especially in Europe. Since an exit without a deal would be another shock, then this situation may happen again.

The "soft" scenario next week will support the UK economy. With a random exit, the European economy will suffer negative consequences for several years.

The strengths of the ECB are not limitless

Of course, the regulator is able to remove the painful symptoms of the initial shock in the financial market. In this case, it will resume buying bonds and reduce the profitability of Italian securities. However, the ECB is unlikely to cope with a third recession over the past 10 years.

Worst of all, the central bank is already backing down, retreating from its plans to tighten policies and promising that it would keep low rates until the end of this year. It turns out that the regulator has a limited arsenal of tools to mitigate the consequences of a negative scenario.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 05, 2019, 06:44:01 am
Euro Mixed Ahead Of German Industrial Production

Destatis will publish German industrial production for February at 2:00 am ET Friday. Ahead of the data, the euro traded mixed against its major counterparts. While the euro fell against the yen, it held steady against the rest of major counterparts.

The euro was worth 125.39 against the yen, 1.1227 against the franc, 0.8564 against the pound and 1.1229 against the greenback as of 1:55 am ET.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 08, 2019, 04:57:56 am
Japan Has Y2,676.8 Billion Current Account Surplus

Japan had current account surplus of 2,676.8 billion yen in February, the Ministry of Finance said on Monday.

That exceeded expectations for a surplus of 2,633.5 billion yen following the 600.4 billion yen surplus in January.

Exports were down 1.9 percent on year to 6,307.0 billion yen, while imports skidded an annual 6.6 percent to 5,817.8 billion yen.

The trade surplus came in at 489.2 billion yen, shy of expectations for 591.3 billion yen but up from the 964.8 billion yen deficit in the previous month.

The adjusted current account showed a surplus of 1,957.6 billion, beating forecasts for 1,920.9 billion yen and up from 1,833.0 billion yen a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 10, 2019, 04:54:55 am
Japan Producer Prices Add 0.3% In March

Producer prices in Japan were up 0.3 percent on month in March, the Bank of Japan said on Wednesday - exceeding expectations for 0.2 percent and unchanged from the February reading.

On a yearly basis, producer prices climbed 1.3 percent - again topping forecasts for 1.0 percent and up from 0.9 percent in the previous month.

Export prices added 0.8 percent on month and 0.2 percent on year, the bank said, while import prices jumped 1.6 percent on month and 2.5 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 11, 2019, 04:51:41 am
Japan M2 Money Stock Gains 2.4% On Year In March

The M2 money stock in Japan was up 2.4 percent on year in March, the Bank of Japan said on Thursday - coming in at 1,012.7 trillion yen.

That was in line with expectations and unchanged from the previous month's reading.

The M3 money stock climbed an annual 2.1 percent to 1,344.7 trillion yen - also unchanged from a month earlier and matching forecasts.

The L money stock advanced 2.4 percent on year to 1,794.0 trillion yen, up from the 2.1 percent increase in February.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 12, 2019, 05:29:55 am
What is the main driver for the dollar/yen pair today?

After closing in negative territory for three consecutive days and dropping to a low in April, the USDJPY pair changed direction and rose to its highest point of 111.35

The strong dollar seems to be supporting the pair's recovery today. Against the background of positive statistics, the US dollar index rises above the level of 97.00 today, erasing the losses of yesterday.

According to the results of the weekly report of the US Secretary of Labor, it became known that initial applications for unemployment benefits fell to a low from 1969, by 196 thousand in the week to April 5. In addition, the producer price index rose 0.6% for the month and 2.2% for the year. Both figures were higher than market expectations.

Also, by 0.75%, the yield on 10-year treasurers rises, which serves as an additional impetus for the dollar/yen pair.

Today, the speech of the head of the Federal Reserve Bank of St. Louis, James Bullard is expected, the main topic of which will be the assessment of the market value of the dollar, which is likely to become the main driver for the USDJPY pair.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 15, 2019, 06:32:01 am
NZ Dollar Climbs Amid Rising Risk Appetite On Trade Deal Hopes

The New Zealand dollar strengthened against its major counterparts in the Asian session on Monday amid rising risk appetite, as investors welcomed progress in trade talks between U.S. and China, after U.S. Treasury Secretary Steven Mnuchin said that trade deal would go "way beyond" previous efforts to open China's markets to U.S. companies.

Speaking on the sidelines of the spring meetings of the World Bank and International Monetary Fund this weekend, Mnuchin said that U.S-China trade talks are "close to the final round of concluding issues".

Mnuchin said that the two sides have consented that "the enforcement mechanism works in both directions."

Data from BusinessNZ showed that New Zealand services sector continued to expand in March, albeit at a slower rate, with a Performance of Services Index score of 52.9.

That's down from 53.6 in February, and it marks the lowest index score since 2012.

The kiwi advanced to an 11-day high of 0.6783 against the greenback, from a low of 0.6760 seen at 5:00 pm ET. The next possible resistance for the kiwi is seen around the 0.69 level.

The kiwi that closed last week's trading at 75.72 against the yen firmed to a 2-week high of 75.96. The kiwi is poised to find resistance around the 77.00 level.

The kiwi appreciated to a 4-day high of 1.6677 against the euro, compared to 1.6700 hit late New York Friday. If the kiwi rises further, 1.64 is possibly seen as its next resistance level.

The NZ currency edged up to 1.0582 against the aussie, following a low of 1.0614 touched at 5:00 pm ET. The kiwi is seen finding resistance around the 1.04 level.

Looking ahead, Swiss producer and import prices for March are due at 2:30 am ET.

Federal Reserve Bank of Chicago President Charles Evans will deliver a speech in a television appearance on CNBC's Squawk Box at 8:30 am ET.

In the New York session, New York Fed's empire manufacturing survey for April and Canada existing home sales for March are slated for release.

At 1:00 pm ET, Evans will speak about the economy and monetary policy at the New York Association for Business Economics luncheon.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 16, 2019, 06:25:19 am
Carry trade is back in fashion

In conditions of low volatility, traders once again resort to the help of a carry-trade strategy. Last week, a Bloomberg currency index that measures carry-trade returns from eight emerging markets has increased for the second week in a row. Such dynamics is recorded for the first time in more than two months. At the same time, expected fluctuations in currencies dropped for a second week, according to a JPMorgan Chase & Co volatility indicator.

The lack of volatility in the foreign exchange markets suggests that investors need evidence to accelerate the growth of the global economy. Only then will they begin to enter long positions in EM-assets. Buyers' confidence in improving the state of the Chinese economy seems to be increasing every day. But the data on Wednesday, most likely, will show that the growth rate of the second largest economy in the world in Q1 stalled to 6.3%.

Investors continue to worry about country risks. In India, Indonesia and South Africa, elections are scheduled, Brazil is still trying to implement pension reforms, and Turkey cannot stop the economic decline and high inflation.

Upcoming events

On Wednesday, Indonesians will decide whether to give the current president, Joko Widodo a mandate for a second five-year term or to choose another leader. The official count may take several days. Last month, the rupee became the best in Asia after the Philippine peso.

In Brazil, traders' attention will be directed to the first congressional vote on the pension reform bill. Any postponement of a political event scheduled for Wednesday will be perceived negatively. Markets will focus on the number of votes that supported the bill. The situation with the speaker of the lower house, Rodrigo Maya, will also be in sight, after local media accused him of bribery.

Senior representatives of the Bank of Korea on Thursday will discuss the possibility of a rate cut later this year after an unexpected slowdown in inflation in March. Market participants are already evaluating potential monetary easing. The yields on 3-year government bonds for the first time since 2016 fell below the rate at the end of March.

China is in focus

Along with the GDP report for Q1, China will publish monthly data on retail sales and industrial production. Investors are waiting for growth rates. In addition, on Wednesday comes the first maturity of the medium-term credit line in the amount of 367.5 billion yuan, or $ 55 billion. According to Chinese analysts, this gives the ideal time to adjust the reserve indicators of banks in case of disappointment with the growth statistics. China's securities should benefit from easing trade tensions with the US.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 17, 2019, 02:13:27 am
This April is going to be idle again for the pound

For the second year in a row, the British currency is missing the once-solid seasonal April rally associated with dividend flows. Blame it on the long-suffering Brexit and the risk of participating in European elections. Earlier for more than a decade, the sterling rose in price against the dollar every April. It was a kind of tradition.

The reasons for the pound's growth at this time of year were simple. Local companies repatriated "home" dividends. Most firms are transnational. Not surprisingly, after receiving dividends abroad, they converted them to pounds. This model was absolutely workable and even withstood a powerful shock in the form of the 2008 crisis.

While the pound rose 0.4% in tandem with the US dollar since the end of March, over the past 13 years to 2017, the average sterling grew by 2.3% in April. Last April, the pound approached the peak after the 2016 Brexit, when a referendum was held before turning down. As a result, the GBPUSD pair ended April with a fall of 1.8%.

London has achieved the extension of the country's exit date from the European Union, market concerns about the chaotic "divorce" process have decreased, but this does not mean that the worst is over. Now investors will have to face political risks, such as the upcoming local elections in the UK, and the Brexit deadlock is only delayed. Alarming moods are likely to return and would put even more pressure on the pound. In late April, the British currency may start a new wave of decline.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 23, 2019, 03:45:20 am
Fasten your seat belts: after a lull in the market, a surge of "turbulence" is expected

Despite the global lull in the Forex market, traders do not seem to relax. The bottom, where JP Morgan's world currency volatility index turned out to be, may portend strong fluctuations in the US dollar exchange rate - this has happened three times in the past 25 years. Some currency strategists warn that they should prepare for a surge in market "turbulence."

In the meantime, in the face of declining volatility of key currencies, investors are forced to search every corner of the market in search of profit.

"The lack of serious movement in developed markets means that currency traders should try their luck in the darker corners of the liquid currencies of developing countries," said Peter Rosensstraich of Swissquote Bank.

"Hedge funds have begun to redefine the weight of emerging markets against the dollar," said Philip Ferreira, senior mixed assets strategist at Lyxor Asset Management.

According to Keith Jax, a Societe Generale specialist, using the yen as a funding currency to buy Indian rupee, Chinese yuan or the Philippine peso could bring substantial profits.

Carry trading also looks attractive in a low volatile environment.

"At the beginning of the year, we opened longs for the USD/ZAR pair, since it managed to rally, which took place in February-March. We received about 6% profit on this jump, and I am very pleased with it, "said Allianz investment manager Casper Brzezniak.

"The pound sterling is trading in an even narrower range than its counterparts, since Brexit was postponed until October, and the volatility of the British currency fell sharply. To make money in these conditions, you need to have time to take advantage of short periods of volatility on the news. This strategy can bear fruit if you choose the right range. Timing is also very important," said Scott Thiel of BlackRock Inc.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 25, 2019, 03:21:06 am
South Korea GDP Slips 0.3% In Q1

South Korea's gross domestic product contracted a seasonally adjusted 0.3 percent on quarter in the first quarter of 2019, the Bank of Korea said in Thursday's advanced estimate.

That follows the 1.0 percent increase in the three months prior.

On an annualized yearly basis, GDP climbed 1.8 percent, slowing from the 2.7 percent increase in the previous three months.

Real gross domestic income picked up 0.2 percent on quarter because of an improvement in terms of trade, the bank said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on April 26, 2019, 04:41:41 am
Japan Retail Sales Add 0.2% On Month In March

Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in March, the Ministry of Economy, Trade and Industry said on Friday.

That beat expectations for a flat reading and was down from the 0.4 percent increase in February.

On a yearly basis, retail sales climbed 1.0 percent - also beating forecasts for a gain of 0.8 percent and up from 0.6 percent in the previous month.

Large retailer sales were up an annual 0.6 percent, beating forecasts for a drop of 1.8 percent - which would have been unchanged.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 02, 2019, 02:02:52 am
Rising oil prices pose a problem for the global economy - Morgan Stanley

According to analysts of the largest bank Morgan Stanley Wealth Management, the markets underestimate the risks associated with rising oil prices. Investors are careless over this fact, although they should purchase low-cost energy stocks to hedge their portfolios so as not to lose.

At the beginning of this week, the situation on the stock markets developed favorably, which is why investors have lost their vigilance, bank experts say. On Monday, April 29, the S&P 500 index updated its record high. The main catalyst for its growth were US data. By the end of March 2019, consumer spending in America rose substantially, and the base rate of inflation, which the Fed carefully monitors, fell to an annual low. This can affect the decision of the regulator about the interest rate, analysts believe. The positive dynamics of the S&P 500 index suggests that investors are satisfied with oil prices, which is not very good, Morgan Stanley believes.

Experts advise market participants not to rest on their laurels, noting that the current rise in oil prices could be a problem for the global economy. If the cost of oil remains at the current level until the end of this year, the consumer price index may exceed 3%, creating a problem for the Fed. At the same time, the purchasing power of the population will significantly decrease, putting pressure on corporate profits and slowing economic growth in China and in emerging markets, Morgan Stanley believes.

Recall that the prices of Brent and WTI crude oil have recently reached their highest level in the last six months. On Tuesday, April 30, Brent crude rose by 1.10% to $ 72.74 per barrel. According to experts, the price of black gold will remain high or continue to grow, if OPEC and its allies extend the term of the agreement on the restriction of raw materials supply. It is possible that a decision will be taken at the next meeting in June of this year.

In the current situation, bank analysts recommend buying cheap oil stocks to hedge their portfolio, especially if so-called "growth stocks" prevail. These include papers purchased for the cyclical recovery of the economy. This will help lower the risks in the future, according to Morgan Stanley.

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Title: Re: Forex News from InstaForex
Post by: IFX Yvonne on May 03, 2019, 06:49:54 am
Franc Falls Ahead Of Swiss CPI

(https://forex-images.ifxdb.com/analysts/big_preview/chf/1.jpg)

At 2:30 am ET Friday, Swiss CPI for April is due. Ahead of the data, the franc dropped against its major counterparts.

The franc was worth 109.28 against the yen, 1.0202 against the greenback, 1.1394 against the euro and 1.3295 against the pound at 2:25 am ET.
Title: Re: Forex News from InstaForex
Post by: IFX Yvonne on May 06, 2019, 07:48:46 am
Sweden Services Growth Slows For Second Month

(https://forex-images.ifxdb.com/analysts/big_preview/index-of-business-activity/5.jpg)

Sweden's services sector growth slowed for a second month in a row in April, but has stabilized in recent months, suggesting a bottom in the cycle, survey results from the Swedbank and the logistics business lobby Silf showed on Monday.

The Purchasing Managers Index, or PMI, for the services sector fell to 54 from 55.1 in March. A reading above 50 suggests growth in the sector.

The next few months will be decisive to determine the direction of the services cycle, Jorgen Kennemar, the economist responsible for analysis for PMI at Swedbank, said.

Overall private sector growth also slowed for the second consecutive month with the Composite PMI falling to 53.2 in April from 54.4 in March.

That means weaker activity in the business sector, but also suggests a stabilization, Kennemar said.
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 07, 2019, 05:06:28 am
Aussie Steady Ahead Of RBA Decision

At 12:30 am ET Tuesday, the Reserve Bank of Australia announces its decision on interest rates. The RBA is widely expected to cut its benchmark lending rate by 25 bps to 1.25 percent.

Ahead of the announcement, the aussie held steady against its major rivals.

The aussie was worth 77.44 against the yen, 1.6012 against the euro, 0.6999 against the greenback and 1.0592 against the kiwi as of 12:25 am ET.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 08, 2019, 02:15:41 am
What was Trump really up to?

It's no secret that Donald Trump likes to intimidate the markets; this is his favorite weapon. It is equally safe to say that all these threats cannot be taken at face value. If Washington actually introduces new duties, which Trump tweeted, then the tariff barrier between the US and China will be higher than in many developing countries.

All these emotional outbursts are more like a continuation of the game "who blinks first," rather than a change in the course of trade negotiations. In this case, a logical question arises: what did Trump actually plan?

There are suggestions that China has nothing to do with it, and Trump's tweets are part of a certain president's game with the Fed. Earlier, the pressure was on the central bank to strengthen the position of the economy, which could bear the consequences of a trade war without complications. Perhaps now Trump is trying to drive the Fed into a corner. If trade uncertainty exists, the regulator will be forced to lower rates and ensure an economic boom before the 2020 elections. By the way, expectations for a reduction in the rate have now increased, whereas a few days ago they were declining.

It is unlikely that the head of the White House plays a strategic game, but in general, events confirm this. In addition, he has to reckon with what is happening in the foreign exchange market. The Chinese yuan, most of the post-crisis era, became cheaper following the slow growth of the country's economy. Companies that are subject to Chinese risk lagged behind other stocks, the exchange rate increased the competitiveness of the state. That all changed a little over a year ago, in part because of concerns about a trade dispute with the United States. On Monday, Chinese stocks plummeted, and the yuan fell to its lowest level in more than three years.

The authorities of China continue to carefully monitor the national currency, so it will not be easy for Donald Trump to increase the competitiveness of the US economy. More precisely ? it is impossible. We need the Fed to lower the rate.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 09, 2019, 03:12:50 am
Dollar Up Slightly As Trade War Concerns Linger

The U.S. dollar was mostly subdued slightly above the unchanged line on Wednesday with traders weighing political and economic news from across the globe for direction.

The ongoing trade spat between the U.S. and China threatens to significantly impact global economic growth.

Earlier this week, the markets were reacting to news that the U.S. administration will hike tariffs on $200 billion worth of Chinese goods to 25% from the existing 10% from this Friday.

U.S. President Donald Trump noted in a post on Twitter that Chinese Vice Premier Liu He will be a part of the talks, claiming the high-ranking official is "coming to the U.S. to make a deal."

"We'll see, but I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers...great for U.S., not good for China!" Trump tweeted.

Trump also claimed China is attempting to renegotiate terms of a trade deal in order to strike a new deal with a Democratic president that continues to rip off the U.S.

The U.S. dollar index, which 97.68, was last seen hovering around 97.60, up 0.06% from previous close.

Against the Euro, the dollar was $1.1192, after moving between $1.1183 and $1.1215.

The British Pound Sterling weakened to $1.3009, losing more than 0.5% against the dollar.

The Chinese yuan was down 0.2% against the greenback, extending losses to a third straight day, due to rising concerns over U.S.-China trade war.

The Aussie and loonie were lower by 0.37% and 0.04%, respectively, against the greenback. The Swiss franc was down as well, with the dollar-franc pair trading at 1.0208.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 10, 2019, 02:58:44 am
U.S. Wholesale Inventories Unexpectedly Edge Lower In March

A report released by the Commerce Department on Thursday unexpectedly showed a modest decrease in U.S. wholesale inventories in the month of March.

The Commerce Department said wholesale inventories edged down by 0.1 percent in March after climbing by an upwardly revised 0.4 percent in February. Economists had expected inventories to come in unchanged.

The slight drop in wholesale inventories came as inventories of non-durable goods slid by 0.6 percent amid a sharp pullback in inventories of drugs.

On the other hand, the report said inventories of durable goods rose by 0.3 percent, reflecting notable increases in inventories of machinery and metals.

The Commerce Department also said wholesale sales surged up by 2.3 percent in March after rising by 0.3 percent in February.

Sales of durable goods jumped by 1.4 percent amid sharp increases in sales of electrical equipment and miscellaneous durable goods.

A spike in sales of petroleum products also contributed to a 3.1 percent leap in sales of non-durable goods.

With inventories falling and sales soaring, the inventories/sales ratio for merchant wholesalers dropped to 1.32 in March from 1.35 in February.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 14, 2019, 05:00:44 am
Japan Has 2,847.9 Billion Current Account Surp

Japan posted a current account surplus of 2,847.9 billion yen in March, the Ministry of Finance said on Tuesday - down 10.6 percent on year.

That missed forecasts for a surplus of 3,007.2 billion but was still up from 2,676.8 billion in February.

The trade balance showed a surplus of 700.1 billion yen, also missing expectations for 838.9 billion yen and up from 489.2 billion yen in the previous month.

Exports fell 5.2 percent on year to 7.058 trillion yen, while imports added an annual 1.5 percent to 6.358 trillion yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 15, 2019, 04:27:24 am
China's Industrial Output Growth Slows

China's industrial production and retail sales growth eased in April, figures from the National Bureau of Statistics showed Wednesday.

Industrial production advanced 5.4 percent year-on-year in April, following March's 8.5 percent increase. The growth rate was forecast to slow moderately to 6.5 percent.

Likewise, annual growth in retail sales eased to 7.2 percent from 8.7 percent a month ago. Sales were forecast to expand 8.6 percent.

Data showed that fixed asset investment climbed 6.1 percent during January to April period compared to the 6.3 percent expansion logged in January to March period. Economists had forecast 6.4 percent growth.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 16, 2019, 04:41:13 am
Australia Jobless Rate Rises To 5.2% In April

The unemployment rate in Australia came in at a seasonally adjusted 5.2 percent in April, the Australian Bureau of Statistics said on Thursday.

That was above forecasts for 5.0 percent and up from the upwardly revised 5.1 percent in March (originally 5.0 percent).

The Australian economy added 28,400 jobs last month - exceeding expectations for an increase of 15,000 following the gain of 25,700 a month earlier.

The participation rate ticked up to 65.8 percent, beating forecasts for 65.7 percent - which would have been unchanged from the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 17, 2019, 05:24:23 am
The growth of China's gold reserves is breaking records

According to some analysts, Chinese authorities are showing a growing appetite for increasing the country's gold reserves. Last week, the central bank of China announced its purchase of a record amount of the precious metal. Analysts are certain that this is not the limit, and that China will continue to increase its reserves of the yellow metal.

Last week, the financial authorities of China released a statement, which confirmed the growth of the country's gold reserves by 14.9 tons, to a mark of more than 1900 tons in April of this year. According to analysts, the gold reserves of China have been growing for five months in a row. Since December 2018, the Chinese regulator has increased their volume by 58 tons. Note that from October 2016 to November last year, Chinese authorities did not disclose information about their gold reserves. Analysts believe that this indicates the absence of official purchases.

Analysts of the precious metals market are confident that the real volume of gold reserves in China is much more than official sources say. According to the World Gold Council, at the end of 2018, 1,506 tons of ferrous metal were imported into the country, and 17 tons were exported, while the precious metal production was 404 tons. Some experts have suggested that the Chinese authorities are not telling the whole truth, so as not to cause a rise in world prices for the yellow metal.

At present, China is also the main holder of US state bonds. In 2010, China's share in US government bonds was 14%. At the moment, it does not exceed 5%, although experts are confident that the trend to diversify international reserves will continue with the help of the yellow metal.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 20, 2019, 03:54:54 am
New Zealand Performance Of Service Index Slows In April

The services sector in New Zealand continued to expand in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 51.8.

That's down from 52.3 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The April reading was the third straight monthly decline and the lowest index reading since September 2012.

Individually, sales, supplier deliveries and new orders expanded, while stocks and employment were in contraction.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 21, 2019, 05:36:11 am
Singapore Lowers 2019 Growth Outlook

Singapore's economic growth outlook for this year was lowered as the manufacturing sector is set to log a sharp slowdown on weak global demand.

The city-state economy is forecast to grow 1.5 to 2.5 percent in 2019 compared to previous projection of 1.5 to 3.5 percent, the Ministry of Trade and Industry said Tuesday.

The ministry said the global growth outlook remains clouded by uncertainties and downside risks. The manufacturing sector is expected to face strong headwinds on account of a sharper-than-expected downturn in the global electronics cycle, as well as uncertainties arising from the ongoing trade conflicts.

Elsewhere, Enterprise Singapore maintained its total trade growth projection for 2019 at 0 to 2 percent, while non-oil domestic exports growth forecast was downgraded to -2 to 0 percent.

In the first quarter, gross domestic product climbed 1.2 percent year-on-year, following the 1.3 percent expansion seen in the previous quarter, the MTI reported. Meanwhile, on a quarter-on-quarter seasonally-adjusted annualized basis, the economy expanded 3.8 percent, a reversal from the 0.8 percent contraction in the preceding quarter.

The manufacturing sector shrank 0.5 percent as global demand for semiconductor equipment weakened. On the other hand, construction expanded 2.9 percent, a turnaround from the 1.2 percent decline in the previous three months.

The wholesale and retail trade sector shrank 1.8 percent, while the transportation and storage sector posted 0.8 percent growth. The accommodation & food services sector grew 1.8 percent.

Data showed that the information and communications sector expanded by 6.6 percent and the finance & insurance sector by 3.2 percent. Growth in the business services sector eased to 2.3 percent. The "other services industries" grew at a faster pace of 2.2 percent.

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Title: Re: Forex News from InstaForex
Post by: IFX Yvonne on May 22, 2019, 06:57:33 am
Japan Supermarket Sales Decline In April

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Japan's supermarket sales declined in April, data from the Chain Store Association showed Wednesday.

Supermarket sales dropped 1 percent year-on-year in April, reversing a 0.5 percent rise in March.

The annual drop was largely driven by clothing sales, which fell 7 percent. Meanwhile, services and household goods sales expanded from last year.

Before adjustment, sales grew 0.2 percent but slower than the 2 percent increase seen a month ago.

On a monthly basis, supermarket sales declined 1.6 percent in April.
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 27, 2019, 04:59:33 am
China Industrial Profits Decline In April

China's industrial profits decreased in April, data from the National Bureau of Statistics showed Monday.

In April, profits of large industrial firms declined 3.7 percent on year in contrast to an increase of 13.9 percent growth in March.

Industrial profits fell 3.4 percent in the first four months of 2019 from the same period of last year compared to a decrease of 3.3 percent in three months to March.

Zhu Hong of the statistics bureau said the decline in profits in April was driven by the timing of Value Added Tax cut.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 28, 2019, 05:30:16 am
Japan Producer Prices Rise 0.9% On Year In April


Producer prices in Japan were up 0.9 percent on year in April, the Bank of Japan said on Tuesday.

That was shy of expectations for an increase of 1.1 percent on year, which would have been unchanged from the March reading.

On a monthly basis, producer prices slipped 0.2 percent after advancing 0.7 percent a month earlier.

Individually, prices were up for leading and office space rental - while they were lower for transportation, employment agencies, software development, engineering, communications and advertising.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 29, 2019, 05:00:58 am
UK Shop Price Inflation Accelerates In May

UK shop price inflation increased notably in May on non-food prices, the British Retail Consortium reported Wednesday. Shop prices inflation doubled to 0.8 percent in May from 0.4 percent in April.

Food prices climbed 1.8 percent annually and non-food prices gained 0.2 percent. Food inflation continued to slow but it remained above the 12-month average. At the same time, non-food categories such as furniture and health and beauty follow years of deep discounting.

Shop price growth in May was the second highest inflation rate seen in the last six years, though it remains well below headline inflation, Helen Dickinson, chief executive at BRC said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 30, 2019, 04:51:30 am
New Zealand 2019 Budget Lifts Spending

New Zealand government plans to raise spending over the forecast period and lowered its economic growth projection.

"In this first Wellbeing Budget our priorities are focused on tackling the long-term challenges facing New Zealand," Finance Minister Grant Robertson said in his budget speech on Thursday.

"The Government has delivered the critical investments needed to help address the long-term challenges facing New Zealand, while remaining in line with our self-imposed Budget Responsibility Rules," Robertson said.

The annual operating allowance in Budget 2019 was raised to NZ$3.8 billion from NZ$2.4 billion. The operating allowance for Budget 2020 has also increased to NZ$3.0 billion from NZ$2.4 billion.

The economy is forecast to grow at 2.6 percent on average over the next five years. Gross domestic product is expected to expand 3.2 percent next year from an estimated 2.1 percent this year. The projection for 2019 was lowered from 2.9 percent.

The budget forecast an operating surplus of NZ$3.5 billion for the year ending June. Government debt is expected to fall to 19.9 percent in 2022.

The unemployment currently at 4.2 percent is set to remain at around 4 percent across the forecast period, he said.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on May 31, 2019, 04:11:49 am
China Manufacturing PMI Falls Into Contraction

The manufacturing sector in China turned to contraction in May, the National Bureau of Statistics said on Friday with a manufacturing PMI score of 49.4.

That was shy of expectations for 49.9 and down from 50.1 in April. It also fell below the boom-or-bust line of 50 that separates expansion from contraction.

The non-manufacturing PMI came in at 54.3 - unchanged from the previous month and in line with expectations.

The composite index had a score of 53.3, down fractionally from 53.4 a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 03, 2019, 03:01:20 am
Myanmar Manufacturing Sector Accelerates In May - Nikkei

The manufacturing sector in Myanmar continued to contract in May, and at a faster rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 54.2.

That's up from 53.7 in April, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, operating conditions improved at a solid rate, while there was faster growth in output and new orders. Employment expansion was the quickest in series history.

At the same time, input costs increased further in May, with the rate of inflation picking up to a six-month high

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 04, 2019, 04:49:43 am
South Korea Inflation Rises 0.2% In May

Consumer prices in South Korea were up 0.2 percent on month in May, Statistics Korea said on Tuesday - following the 0.2 percent decline in April.

On a yearly basis, inflation advanced 0.7 percent - accelerating from 0.4 percent in the previous month.

Core CPI - which excludes volatile food prices - sank 0.2 percent on month and added0.6 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 07, 2019, 01:12:44 am
New Zealand Q1 Volume Of Building Soars 6.2%

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The overall volume of building in New Zealand climbed a seasonally adjusted 6.2 percent on quarter in the first three months of 2019, Statistics New Zealand said on Friday.

That beat forecasts for an increase of 1.1 percent and was up sharply from the upwardly revised 3.4 percent gain in the three months prior (originally 2.7 percent).

Non-residential building volume rose a seasonally adjusted 9.0 percent, the bureau said, while residential building volume rose a seasonally adjusted 4.3 percent.

The actual value of total building work was NZ$6.1 billion in the March 2019 quarter - up 16 percent from the March 2018 quarter.

By region, the actual value of total building work in the March 2019 quarter (compared with the March 2018 quarter) was: NZ$2.5 billion in Auckland - up 26 percent; NZ$595 million in Waikato - up 30 percent; NZ$474 million in Wellington - up 1.5 percent; NZ$950 million in rest of North Island - up 13 percent; NZ$931 million in Canterbury - down 1.0 percent; and NZ$618 million in rest of South Island - up 12 percent. In the year ended March 2019, the national value of residential building work rose NZ$1.1 billion (7.9 percent) when compared with the previous March year - driven by an NZ$861 million (16 percent) increase in Auckland.

In the year ended March 2019, the national value of non-residential building work rose NZ$923 million (12 percent) when compared with the previous year - driven by a NZ$672 million (25 percent) increase in Auckland.

The non-residential building types with most growth in the year ended March 2019 (compared with the March 2018 year) were: shops, restaurants, and bars (shops) - up NZ$337 million (41 percent) nationally; hotels, motels, boarding houses, and prisons (accommodation) - up NZ$248 million (40 percent) nationally; and storage buildings - up NZ$199 million (26 percent) nationally.


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Title: Re: Forex News from InstaForex
Post by: IFX Yvonne on June 10, 2019, 06:56:21 am
Ireland Construction Activity Growth Slows In May

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Ireland's construction activity growth eased to the lowest in four months in May, survey data from IHS Markit showed on Monday.

The Ulster Bank Construction Purchasing Managers' Index, or PMI, fell to 54.9 in May from 56.6 in April. Any reading above 50 indicates expansion in the sector.

The housing sub-category rose at the fastest pace in three monitored sub-sectors for the fifth straight month in May. The corresponding PMI slid slightly to 58.3 from 60.5 a month ago.

Commercial activity increased at the slowest pace since August 2013. The commercial activity index came in 53.1 versus 54.6 in the previous month.

Civil engineering activity fell for the ninth month in a row. The civil engineering activity PMI dropped to 46.3 from 46.4 in April.

"New business and employment levels continued to rise at healthy rates in May, albeit in line with overall trends, both indices eased last month," Simon Barry, chief economist Republic of Ireland at Ulster Bank, said.

"Survey respondents remain optimistic about the sector's prospects over the year ahead, with expectations of stronger customer demand cited as an important source of support."
Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 11, 2019, 04:56:43 am
European Economics Preview: UK Labor Market Data Due

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Unemployment from the UK and investor confidence from euro area are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway publishes consumer price data. Economists forecast inflation to remain unchanged at 2.9 percent in May.

At 2.30 am ET, Bank of France business sentiment survey data is due. The business confidence index is forecast to rise slightly to 100 in May from 99 in April.

Half an hour later, the Czech inflation data is due. Inflation is expected to slow slightly to 2.7 percent in May from 2.8 percent in April.

At 4.30 am ET, the Office for National Statistics releases UK unemployment data. The ILO jobless rate is seen unchanged at 3.8 percent in three months to April.

In the meantime, Eurozone Sentix investor confidence data is due. Economists forecast the investor sentiment index to drop to 2.5 in June from 5.3 in May.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 13, 2019, 04:48:35 am
Australia Jobless Rate Steady At 5.2% In May

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The unemployment rate in Australia came in at a seasonally adjusted 5.2 percent in May, the Australian Bureau of Statistics said on Thursday - unchanged from the April reading but missing forecasts for 5.1 percent.

The Australian economy added 42,300 jobs last month - blowing past expectations for an increase of 16,000 following the increase of 28,400 in the previous month.

The participation rate was 66.0 percent, surpassing forecasts for 65.8 percent and up from the upwardly 65.9 percent a month earlier (originally 65.8 percent).

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 14, 2019, 05:12:01 am
New Zealand Manufacturing Growth Near Stagnation

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New Zealand manufacturing sector was close to stagnation in May, the latest BNZ survey showed Friday.

The BNZ-BusinessNZ Performance of Manufacturing Index fell 2.5 points to 50.2 in May. This was the lowest score since December 2012.

The production sub-index declined to 46.4 in May from 50.1 a month ago. This was the lowest since April 2012. A score below 50 indicates contraction in the sector.

As a growth risk indicator it may not be flashing bright red just yet, but it is moving in that direction in taking on a darker shade of amber, Doug Steel, a senior economist at BNZ Research said.

The PMI sends a warning signal for near term growth via its mix of falling production, near flat new orders, and rising inventory, Steel added. Next week's first quarter GDP should be reasonable, but beyond this downside risks are accumulating.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 17, 2019, 04:59:58 am
BCC Trims UK Growth Outlook

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The British Chambers of Commerce downgraded its growth outlook for next year as unwinding of historically-high inventory levels amid weak business investment weigh on economic activity.

In the latest economic forecast, released Monday, the growth projection for 2020 was lowered to 1 percent from 1.3 percent and that for 2021 to 1.2 percent from 1.4 percent.

However, the growth outlook for 2019 was lifted marginally to 1.3 percent from 1.2 percent, citing the exceptionally rapid stock-building ahead of the original Brexit deadline in March.

Gross domestic product was forecast to remain flat in the second quarter of 2019 after expanding 0.5 percent in the first quarter.

Over the near-term, the lobby expect that the ongoing Brexit impasse, together with the high upfront cost of doing business in the UK and the running down of excess stock to suffocate investment activity.

Business investment was expected to decline 1.3 percent this year versus prior forecast of 1 percent drop. Further, the lobby projected 0.4 percent growth next year, before improving to 1.1 percent in 2021.

Further, trade was set to make a negative contribution as exchange rate volatility, Brexit uncertainty and a subdued global economy, weaken trading conditions for British exporters.

Export growth was seen at 1.6 percent this year and next and 1.7 percent in 2021, compared to import growth of 4.3 percent in 2019, 1.8 percent in 2020 and 2.2 percent in 2021.

Nonetheless, consumer spending was forecast to remain resilient on low unemployment and earnings growth to stay above inflation. Household consumption growth outlook was lifted to 1.4 percent for 2019 and to 1.4 percent in 2020.

The forecast was based on the assumption that the UK avoids a messy and disorderly Brexit.

"Businesses are putting resources into contingency plans, such as stockpiling, rather than investing in ventures that would positively contribute to long-term economic growth," Adam Marshall, Director General of the BCC, said. "This is simply not sustainable."

Business communities expect the next Prime Minister to quickly find a sensible and pragmatic way forward to avoid a messy and disorderly Brexit, Marshall added.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 18, 2019, 04:30:47 am
New Zealand Consumer Confidence Drops In Q

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New Zealand's consumer sentiment weakened slightly in the second quarter as households remained downbeat about the economic backdrop, survey data from Westpac showed Tuesday.

The Westpac McDermott Miller consumer confidence index dropped 0.3 points to 103.5 in June.

Among sub-components, the indicator for present situation fell to 106.6 from 107.6 a quarter ago. Meanwhile, the expected conditions index rose marginally to 101.4 from 101.3.

The index measuring current financial situation improved to -4.7 in the second quarter from -8.3. Likewise, the expected financial situation indicator climbed to -3.2 from -6.5.

The 1-year ahead economic outlook rose slightly to -4.6 from -5.1. At the same time, the 5-year economic outlook dropped to 11.9 from 15.4 in the previous quarter.

The 'good time to buy' index declined to 17.9 in the second quarter from 23.4 in the preceding period.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 19, 2019, 05:01:33 am
Japan May Trade Deficit Y967.1 Billion

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Japan posted a merchandise trade deficit of 967.1 billion yen in May, the Ministry of Finance said on Wednesday - up 67.5 percent on year.

That exceeded expectations for a shortfall of 1,207.0 billion yen following the 110.9 billion yen deficit in April.

Exports were down 7.8 percent on year to 5.835 trillion yen, also beating forecasts for a drop of 8.4 percent following the 2.4 percent decline in the previous month.

Exports to Asia were down 12.1 percent on year to 3.120 trillion yen, while exports to China alone fell 9.7 percent to 1.148 trillion yen.

Exports to the United States rose an annual 3.3 percent, while exports to the European Union sank 7.1 percent to 647.475 billion yen.

Imports sank an annual 1.5 percent to 6.802 trillion yen versus expectations for an increase of 1.0 percent after soaring 6.5 percent a month earlier.

Imports from Asia fell 3.3 percent on year to 3.100 trillion yen, while imports from China alone eased 0.9 percent to 1.540 trillion yen.

Imports from the United States dipped an annual 1.6 percent to 792.795 billion yen, while imports from the European Union climbed 8.7 percent to 898.979 billion yen.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 20, 2019, 04:12:14 am
New Zealand GDP Expands 0.6% On Quarter In Q1

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New Zealand's gross domestic product grew a seasonally adjusted 0.6 percent on quarter in the first three months of 2019, Statistics New Zealand said on Thursday - matching forecasts and unchanged from the previous quarter.

On an annualized yearly basis, GDP was up 2.5 percent - exceeding forecasts for an increase of 2.3 percent, which would have been unchanged.

Activity in the goods-producing industries rose 2.0 percent in the March 2019 quarter. The growth was mainly driven by increased activity in the construction industry (up 3.7 percent), its largest increase since the September 2017 quarter. The rise in construction was reflected in investment in non-residential building (up 9.9 percent) and residential buildings (up 2.7 percent).

Manufacturing activity rose 1.4 percent in the March 2019 quarter, after a 0.4 percent decline in the December 2018 quarter. Increased food, beverage, and tobacco manufacturing contributed strongly to the rise this quarter. There were also increases in metal product manufacturing; non-metallic mineral manufacturing; and petroleum, chemical, polymer, and rubber product manufacturing.

Activity in the service industries rose 0.2 percent in the March 2019 quarter, the slowest growth rate since the September 2012 quarter. Of the 11 service industries, seven recorded growth.

The main drivers of this quarter's growth were health care and social assistance (up 1.7 percent) and transport, postal, and warehousing (up 1.2 percent). Retail, accommodation, and restaurants fell 0.5 percent. Lower activity in accommodation and restaurants reflected a dip in visitor arrivals to New Zealand in February and March.

Agriculture, forestry, and fishing production fell 2.3 percent in the March 2019 quarter, after a 0.3 percent fall in the December 2018 quarter. The fall in the latest quarter was due to unfavorable weather conditions. Agriculture (down 2.3 percent), forestry and logging (down 1.2 percent), and fishing (down 0.4 percent) all declined. This was offset by a rise in mining (up 9.6 percent), due to higher exploration activity along with an increase in oil and gas extraction.

Household spending grew 0.5 percent in the March 2019 quarter, after a 1.0 percent rise in the December 2018 quarter. Growth was subdued this quarter due to lower spending on services (up 0.3 percent). This was the weakest growth in services expenditure since the December 2014 quarter. Spending on durable and non-durable goods increased 1.4 percent and 0.4 percent, respectively.

Investment in fixed assets was up 2.4 percent in the March 2019 quarter. Higher construction activity was reflected in higher construction-related investment expenditure. Business investment (all investment less residential buildings) rose 1.9 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 21, 2019, 06:55:52 am
European Economics Preview: Eurozone Flash PMI Data Due

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Flash Purchasing Managers' survey from euro area and public sector finance from the UK are due on Friday, headlining a light day for the European economic news.

At 3.15 am ET, IHS Markit releases France's flash composite PMI data. Economists forecast the index to rise marginally to 51.3 in June from 51.2 in May. At 3.30 am ET, Germany's composite PMI data is due. The composite index is seen at 52.5 in June versus 52.6 a month ago.

At 4.00 am ET, IHS Markit is slated to release PMI survey results for euro area. The composite PMI is forecast to rise to 52.0 in June from 51.8 in May.

In the meantime, industrial output and producer price reports are due from Poland. Industrial production is seen rising 7.5 percent annually in May, following a 9.2 percent rise in April. Producer price inflation is expected to ease to 1.6 percent in May from 2.6 percent a month ago.

At 4.30 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is expected to narrow to GBP 4.1 billion in May from GBP 5.8 billion in April.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 24, 2019, 04:23:18 am
European Economics Preview: Germany Ifo Business Confidence Data Due

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Business sentiment data from Germany is due on Monday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland releases producer prices for May. Prices had increased 0.1 percent on month in April.

At 3.00 am ET, the Czech business confidence survey data is due for June. The business sentiment index had fallen to 12.7 in May from 15.1 in April.

At 4.00 am ET, Germany's Ifo business sentiment survey results are due. Economists forecast the business confidence index to fall to 97.5 in June from 97.9 in May.

The ifo current conditions index is seen at 100.8 versus 100.6 in May. Meanwhile, the expectations index is forecast to fall to 95.1 in June from 95.3 in May.

In the meantime, retail sales data from Poland is due. Sales are forecast to expand 8.5 percent annually, following a 13.6 percent rise in April.

At 5.00 am ET, Statistics Iceland is scheduled to issue monthly wage data for May.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 25, 2019, 05:00:47 am
Japan Producer Prices Rise 0.8% On Year In May

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Business sentiment data from Germany is due on Monday, headlining a light day for the European economic news.

Producer prices in Japan were up 0.8 percent on year in May, the Bank of Japan said on Tuesday.

That was shy of expectations for an increase of 1.0 percent and down from the upwardly revised 1.0 percent gain in April (originally 0.9 percent).

On a monthly basis, producer prices dipped 0.3 percent after easing 0.1 percent in the previous month.

Individually, prices were down for communications, transportation, advertising and maintenance, while prices were up for real estate. Finance was roughly flat.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 26, 2019, 05:10:21 am
European Economics Preview: Germany GfK Consumer Sentiment Data Due

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Consumer confidence from Germany is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Germany's GfK consumer confidence survey results are due. The forward-looking consumer confidence index is seen falling slightly to 10.0 in July from 10.1 in June.

In the meantime, Norway labor force survey data is due. The jobless rate is seen unchanged at 3.5 percent in April.

At 2.45 am ET, France's statistical office Insee publishes consumer confidence survey data. The index is expected to rise marginally to 100 in June from 99 in May.

At 4.00 am ET, unemployment data is due from Poland. The jobless rate is expected to fall to 5.4 percent in May from 5.6 percent in April.

At 5.00 am ET, Statistics Iceland releases consumer price inflation data for June.

At 5.15 am ET, Bank of England Governor Mark Carney, policymakers Jon Cunliffe, Silvana Tenreyro and Michael Saunders are set to answer questions at the Treasury Select Committee.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 27, 2019, 02:44:09 am
Japan Retail Sales Rise 0.3% In May

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Retail sales in Japan were up a seasonally adjusted 0.3 percent on month in May, the Ministry of Economy, Trade and Industry said on Thursday - shy of expectations for a gain of 0.6 percent following the downwardly revised 0.1 percent drop in April (originally flat).

On a yearly basis, retail sales were up 1.2 percent - in line with expectations and up from the downwardly revised 0.4 percent increase in the previous month (originally 0.5 percent).

Large retailer sales were down 0.5 percent on year, missing forecasts for a gain of 0.2 percent following the 1.8 percent drop a month earlier.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on June 28, 2019, 04:48:36 am
New Zealand Consumer Sentiment Strengthens In June

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New Zealand consumer confidence strengthened in June after falling a month ago, survey data from ANZ-Roy Morgan showed on Friday.

The consumer confidence index rose to 122.6 in June from 119.3 in May. The score rose to a bit above its historical average.

The current conditions index rose 2 points to 128, and the future conditions index gained 4 points to 119.

Consumers' perceptions of their current financial situation lifted 5 points to a net 15 percent assessing financially better off than a year ago. A net 29 percent of consumers expect to be better off financially this time next year, which was up 6 points. However, the proportion of households who think it's a good time to buy a major household item fell 3 points to 40 percent.

Perceptions regarding the next year's economic outlook lifted 5 points to 12 percent and the five-year outlook rose 2 points to +16 percent. Inflation expectations among consumers advanced to 4.0 percent in June from 3.6 percent in May.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 02, 2019, 12:55:09 am
Japan Monetary Base Jumps 4.0% In June

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The monetary base in Japan was up 4.0 percent on year in June, the Bank of Japan said on Tuesday - coming in at 512.991 trillion yen.

That follows the 3.6 percent increase in May.

Banknotes in circulation were up an annual 3.1 percent, while coins in circulation advanced 2.3 percent. Current account balances climbed 4.2 percent, including a 3.8 percent increase in reserve balances.

The adjusted monetary base jumped an annual 7.2 percent to 510.159 trillion yen.

For the second quarter of 2019, the monetary base was up 3.6 percent on year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 03, 2019, 05:40:02 am
China's Private Sector Expands Marginally In June

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China's private sector expanded marginally in June despite contraction in manufacturing, survey data from IHS Markit showed Wednesday.

The Caixin composite output index fell to 50.6 in June from 51.5 in May. However, a score above 50 indicates expansion. The reading signaled the weakest growth since last October.

The services Purchasing Managers' Index dropped more-than-expected to 52.0 in June from 52.7 in the previous month. The expected reading was 52.6.

"The conflict between China and the U.S. impacted business confidence rather heavily," Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group said. "Although its impact on exports hasn't been fully reflected in the short-run, the longerterm situation doesn't look optimistic. Future government policies to stabilize economic growth are likely to focus on new types of infrastructure, consumption and high-quality manufacturing."

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 04, 2019, 03:52:38 am
The pressure of easy politics is too heavy; Swedish krona as an exception

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More and more currencies fall under the pressure of the "dovish" tone of the world central banks, although the Swedish krona stands out against this background, having strengthened to a 2.5 month high against the euro after the local central bank announced that it plans to tighten the policy by early 2020. However, the focus remains on another currency - the pound - which fell on Tuesday along with the yields of British government bonds. The yield on 10-year securities fell below the main discount rate of the Bank of England for the first time since the 2008 crisis, after the markets interpreted the comments of the Bank of England CEO Mark Carney as dovish. The sterling lost 0.2%, updating its two-week low.

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"The two main driving forces today are the yen, which is considered a safe haven, and it has returned to growth, and the pound, which continues to decline," said Colin Asher, senior economist at Mizuho. The yen rose by 0.23% against the dollar and is trading at 107.6 yen, as investors are more skeptical about the possibility of an early end to the trade war, especially given the comments of US President Donald Trump that any transaction should be in favor of the US. Currencies will continue to contain signs that more and more central banks are adjusting to easing monetary policy in order to combat a slowdown in economic growth. The dovish tone of central banks reduces profitability across the board.

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The latest figures show that weakness in the manufacturing sector is beginning to spread to the service sector, it is alarming, and it gives the green light to central banks to soften policies. And so far only the Swedish central bank has adhered to a policy of tightening policy by the end of this year or the beginning of next year amid steady inflation and good economic prospects. The Swedish krona has updated a 2.5-month high against the euro and is growing against the dollar.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 05, 2019, 03:55:43 am
Philippines Inflation Lowest Since 2017

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Philippines inflation reached its lowest level in nearly two years in June, the Philippine Statistics Authority showed Friday.

Consumer price inflation eased to 2.7 percent from 3.2 percent in May. In the same period last year, the rate was 5.2 percent. Inflation was forecast to slow moderately to 2.8 percent.

The June inflation was the weakest since September 2017.

Excluding selected food and energy items, core inflation came in at 3.3 percent in June versus 3.5 percent a month ago.

Food prices advanced at a slower pace of 2.6 percent annually and education cost declined 4.5 percent. Meanwhile, higher rate were registered in the indices of health, recreation and culture, by 3.7 percent and 3.2 percent, respectively.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 05, 2019, 03:56:18 am
Philippines Inflation Lowest Since 2017

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Philippines inflation reached its lowest level in nearly two years in June, the Philippine Statistics Authority showed Friday.

Consumer price inflation eased to 2.7 percent from 3.2 percent in May. In the same period last year, the rate was 5.2 percent. Inflation was forecast to slow moderately to 2.8 percent.

The June inflation was the weakest since September 2017.

Excluding selected food and energy items, core inflation came in at 3.3 percent in June versus 3.5 percent a month ago.

Food prices advanced at a slower pace of 2.6 percent annually and education cost declined 4.5 percent. Meanwhile, higher rate were registered in the indices of health, recreation and culture, by 3.7 percent and 3.2 percent, respectively.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 08, 2019, 04:50:26 am
China's Forex Reserves Increase In June

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China's foreign exchange reserves increased marginally in June, data from the People's Bank of China showed on Monday.

Foreign exchange reserves rose by $18.2 billion to $3.119 trillion at the end of June from $3.101 trillion at the end of May. The forex reserves stayed slightly above the expected level of $3.110 trillion.

The increase was driven by currency conversion rates and higher international financial asset prices in June, the State Administration of Foreign Exchange said after the central bank released data.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 09, 2019, 05:02:15 am
Japan M2 Money Stock Rises 2.3% On Year In June

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The M2 money stock in Japan was up 2.3 percent on year in June, the Bank of Japan said on Tuesday - coming in at 1,029.6 trillion yen.

That was shy of expectations for a gain of 2.6 percent, which would have been unchanged from the May reading following a downward revision from 2.7 percent.

The M3 money stock was up an annual 2.0 percent to 1,362.4 trillion yen - again missing forecasts for 2.3 percent, which also would have been unchanged from the previous month.

The L money stock gained an annual 1.7 percent to 1,807.7 trillion yen, slowing from 1.8 percent a month earlier.

For the second quarter of 2019, M2 was up 2.5 percent on year, M3 rose 2.1 percent and L was up 1.8 percent.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 10, 2019, 04:21:32 am
China CPI Steady At 2.7% On Year In June

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Consumer prices in China were up 2.7 percent on year in June, the National Bureau of Statistics said on Wednesday - in line with expectations and unchanged from the May reading.

On a monthly basis, consumer prices were down 0.1 percent following the flat reading a month earlier.

The bureau also said that producer prices were flat on year in June. That was shy of expectations for an increase of 0.2 percent and down from 0.6 percent in the previous month.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 11, 2019, 02:26:32 am
The market is waiting for gold at $1500

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Gold is now trading near a six-year peak of $1,439 a week ago. A return to $1,400 is unlikely to be a problem, investors are most interested in whether quotes will manage to get to their favorite level of $1,500 and move on. This, in particular, will depend on what the Fed's main figures will say this week. It all starts with Jerome Powell's two-day speech.

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Market participants have reduced their appetite for the pace of rate hikes in the United States after the release of strong data on employment, but still believe in a symbolic easing policy. In Powell's words, they will scrupulously look for hints of the prospects for lower rates this month.

The publication of the minutes of the June Fed meeting is significant for gold traders. This document will help them better understand why the officials then decided to postpone the rate cut.

In June, officials removed the word "patience" from their statement, and Powell recently used the phrase "prevention is better than treatment". This suggests that the US central bank is leaning toward preventive policy easing in order to avoid a possible slowdown in the economy.

Judging by the past meetings, the US regulator is known for its discretion. Therefore, it may not postpone the rate cut by 25 bp, which the market relies on so much to follow the situation in the country's economy. It is worth noting that there are traders expecting a decline of 50 bp, but such units.

This week, there will be a whole group of Fed officials and the most interesting one for investors will be the President of the Federal Reserve Bank of St. Louis, James Bullard. At the June meeting, he was the only one who did not agree with the decision to leave interest rates unchanged. Bullard compared with other members of the Fed committee holds the most dovish stance.

Analyst opinions on gold

Gold will reach $1,500 and move higher, according to Bank of America Merrill Lynch. However, strategists are worried about short-term risks. "The market overestimated the likelihood that the US central bank will lower rates," and if policy easing is postponed, for example, "due to the constructive results of the G20 summit," this will cause a drop in precious metal prices.

The same opinion is shared by UBS. However, they are waiting, gold will end the current year below $1,400, the next one will be close to $1,450, and only then will investors see the coveted mark of $ 1,500.

The National Australia Bank raised its forecast for the price of the yellow metal in 2019 to $1,400 per ounce. Earlier it was about $ 1,380 per ounce.

"We are still expecting two reductions in the US Federal Reserve rates - in July and September. This will support the precious metal," analysts wrote.

Gold is expected to become more attractive in the event of a further decrease in the yield of G7 countries. The demand for precious metals will grow from both long-term investors and short-term speculators. The world's central banks will also show an increased interest in gold.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 12, 2019, 04:50:51 am
What does Powell bring to the dollar?

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It seems that the head of the Fed finally convinced the market of a rate cut in the near future. Under the influence of the regulator's dovish mood, the dollar index fell from three-week highs, which it held in recent days. The "minutes" of the Fed were ignored by the market, although it followed that not all central bank officials were ready for policy easing.

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Traders preferred to listen to the words of Jerome Powell, who, in their opinion, gave a clear signal for aggressive policy easing. The head of the Federal Reserve Bank of St. Louis, James Bullard, also played a role here, stating that a quarter-percent reduction in rates is necessary to keep the US economy from slowing down due to a trade war and amid steadily low inflation.

However, today the United States published a report according to which consumer prices in the country unexpectedly rose in June by 0.1%. Economists were counting zero dynamics of the indicator.

Powell is set to hold another speech on Thursday. It is unlikely that he will add something fundamentally new to what he said yesterday regarding the prospects for policy easing, but anything can happen. If, for example, he more accurately speaks about an immediate rate cut by 0.50%, then the dollar can repeat yesterday's scenario.

The EUR/USD pair will get every chance to go towards the 1.1400 mark. Under other circumstances, there is a risk that quotes would reverse dowards.

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The trigger to pull down the main pair could be the publication of the minutes from the ECB's June meeting. However, this did not happen, the euro did not pay attention to the fact that members of the ECB almost unanimously recognized the need to prepare for easing monetary policy in the region.

It seems that Forex is entering a new phase of currency wars. Traders perceive that the US central bank's reduction in rates is a preventive measure modeled on 1995 and 1998, when the regulator acted on the lead and saved the country from recession. The central bank also weakened the policy in 2001 and 2007, when the negative had already begun to show its first sprouts, but in fact everything turned into a recession. The desire to prevent a possible recession is commendable, but not only Fed officials are thinking about it. The European regulator is also ready to cut rates and revive the quantitative easing program. It is worth saying that, perhaps, there are more reasons for the ECB than the Fed. Take, for example, the worsening estimates of GDP and inflation for 2020 and statements by German politicians that the EU needs to seriously tune in to a trade war with the US.

The euro and the dollar are weak and their condition is supported by central banks. Thus, the EUR/USD pair will continue to stay within the consolidation range of 1.12-1.14 indicated at the beginning of July.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 16, 2019, 02:31:09 am
The ECB and the Fed are going to cut rates, while the Bank of England is not yet ready for this, and this could support the pound

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The single European currency fails to demonstrate a steady upward trend, despite expectations that the US Federal Reserve System (FRS) will cut interest rates for the first time in ten years.

Derivatives market expects the US central bank to lower the rate in July and September. This is a negative point for the dollar. Why then the euro can not benefit from this?

The fact is that the ECB also does not exclude the possibility of easing monetary policy to stimulate the European economy and inflation in the region.

UBS analysts believe that the regulator will lower the deposit rate twice before the end of this year.

"Most likely, this will happen in September and December, and each time the step size will be 10 basis points. In addition, the ECB may resort to QE, if the outlook for the economy and inflation in the eurozone worsens, downside risks associated with trade policy and geopolitical uncertainty materialize, or the Fed has a weaker monetary policy than expected. We think that at the meeting next week, the ECB will make adjustments to its statements of intent to prepare the markets for the coming changes," they noted.

Thus, it turns into a "vicious circle": both the American and European central banks want to cut rates and lower the rate of their currency. Who will lose: euro or dollar? It is possible that this week will be a draw and the next winner will be the greenback.

Meanwhile, the Bank of England, it seems, is not yet ready to lower interest rates. Moreover, some members of the BoE Monetary Policy Committee are considering the possibility of raising rates in the fall, if after Brexit there is a high increase in consumer prices.

According to a number of analysts, since the ECB and the Fed are setting investors to lower rates, the pound can show good growth in quotes.

"The pound is already trading at crisis levels and will resist further decline. High inflation expectations and inflation, which is close to the Bank of England target, should for the time being keep the central bank from deciding to soften the policy," say Nomura analysts.

"Great Britain's exit from the EU without a deal is a risk, and it will certainly lead to the formation of new lows in sterling, but this will happen only in a few months, and we don't expect the market to lay a high premium for a hard Brexit until Parliament returns to work in September after the summer break," they added.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 17, 2019, 03:56:25 am
GBP/USD: the chances for a "soft" Brexit are rapidly decreasing, the pound has fallen to two-year lows

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TheGBP/USD pair slipped to the lowest level since 2017 (to the level of 1.2420).

Several factors are playing against the British currency at once: this is a high probability of the implementation of a "hard" Brexit, and a moderate economic growth in the country, and the fact that the monetary policy of the Bank of England can move to a more "soft" course.

On the eve of the two candidates for prime minister, Boris Johnson and Jeremy Hunt, stated that even substantial concessions on the part of the European Union on the regulation of the Irish border may not be enough to ratify the "divorce" agreement. This heightened concerns that the new British government's stance on Brexit would be more rigid, which could lead to the breakdown of the London-Brussels talks and the withdrawal of the United Kingdom from the EU on October 31 without a deal.

According to analysts, the dynamics of the GBP/USD pair reflects the general mood of the market in relation to the pound.

In this regard, it is noteworthy that the British currency was unable to use even the positive statistics on the country's labor market today.

According to the National Statistical Office (ONS), the average salary (including premiums) increased by 3.4%, in March-May with an expected growth of 3.1%. At the same time, unemployment remained at the lowest from October-December 1974 - 3.8%.

The employment sector in the country remains one of the few that remains stable despite the constant stress caused by Brexit.

The futures market is already expecting a 50% chance of lowering interest rates by the Bank of England in 2019 due to the risk of Great Britain's chaotic exit from the EU, as the policy outweighed stronger than expected labor market data.

This month, the pound sterling hit a two-year low against the US dollar.

Analysts polled recently by Bloomberg report that the situation may worsen next month. Moreover, this is an established trend: the fall of the pound against the dollar in August has been noted over the past five years.

"In any case, we will have enough cause for concern in August, with the arrival of the new prime minister of Great Britain, as we are approaching October 31," the currency strategists of Royal Bank of Canada believe.

"Since the British Parliament has gone on summer vacation, the deadline for the UK's withdrawal from the EU is inexorably expiring," said MUFG analyst Lee Hardman.

ING Group believes that B. Johnson will become a leader who will not succeed in concluding a new agreement with Brussels. This will increase the likelihood that Great Britain will leave without a deal.

The main message of B. Johnson during the Brexit campaign was that this event would not have a negative impact on the British economy. However, the irony is that the ex-foreign minister may become the prime minister of the country just at the moment when the national economy will fully experience all the Brexit.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 18, 2019, 02:46:55 am
The decrease in USD rates is decided, but what do they think on Wall Street

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The response of the market to the strong US retail sales was negligible; traders preferred to focus on the next comments of the Fed. Therefore, on Wednesday, the dollar was only able to fix the growth of the previous session just above the level of 97.

(https://forex-images.ifxdb.com/userfiles/20190718/analytics5d2fbbd520dc5.png)

Speaking in Paris, Jerome Powell intervened in market expectations again, hinting at the risks of lowering inflation expectations, which requires a more flexible policy adjustment from officials. At the same time, the Federal Reserve persists in ignoring traditional fundamental data, showing its concern with leading indicators. After Powell's speech on Tuesday, the odds of a 50 bps rate cut increased to 31%. At the same time, the head of the Central Bank was able to convince the market that the Central Bank would be able to stimulate inflation, since the market metrics of inflationary expectations turned into growth from the end of June.

Thus, pressure on the American economy comes from trade relations with partners. Inflation expectations declined after the announcement of an increase in tariffs for Chinese goods. Powell has pointed out on this for more than once. It cannot be ruled out that the reaction of inflation expectations to the bottom was a "foresight" of the new cycle of mitigation of policy in response to the escalation of tariff tension. In this case, the Central Bank is led, as it responds to a false signal and ignores strong economic reports.

Be that as it may, it is difficult to consider a reduction in the rate of half a percent at once as a reasonable precautionary measure. The labor market and retail volume are growing quite confidently.

Next week, the ECB is expected to give a strong stimulus signal, which will reduce the risks of a further slowdown in growth abroad. This is one of the reasons for the Fed's concerns, along with the trade war. Friday's report on US GDP may contain a positive surprise, at least there are prerequisites for this. In this scenario, traders are unlikely to sell dollars.

Estimates and expectations of the world's largest banks about the Fed rate cut

The Goldman Sachs are waiting for the reduction of 25 basis points in July and another by the same amount until the end of this year. A similar opinion is shared by experts JPMorgan.

Everyone understands that the Fed is set to soften the policy in July, they write. The situation in the world remains alarming, business sentiment continues to deteriorate, and deflation signals from a slowdown in producer price pressure put pressure on corporate profits. The combination of these factors has a negative effect on the increase in capital expenditures in the world.

Representatives of Morgan Stanley and UBS predict an aggressive policy easing - immediately by 50 basis points without an additional reduction before the end of the year. In their opinion, the current situation requires decisive action. Over the past 12 months, the global economy has noticeably slowed down, aided by trade conflicts. US GDP also risks slowing growth.

Citigroup, on the other hand, forecasts a quarter percent decline in July and the same in September. According to them, a decrease of 25 basis points is a kind of compromise on the committee. Although, it is possible that some officials will vote to reduce by 50 basis points.

There is a consensus in Bank of America and Barclays. Jerome Powell made it clear that at the next meeting, the rate will be reduced regardless of statistics, they comment. The cost of lending will decline by at least 0.25% in July and another 0.5% by the end of the year.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 22, 2019, 04:40:38 am
CBI Urges Next UK PM To Act Fast To Get Economy Back On Track

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The next UK Prime Minister should restore confidence and take action to bring the economy back on track, the Confederation of British Industry said in its Business Manifesto published Monday. Carolyn Fairbairn, the CBI's Director General called for a clear direction for the UK and to build a long-term vision that drives in investment and back business as a foundation of a growing, inclusive economy.

Brexit has stalled progress on the UK economy for three years. A Brexit deal remains a top priority for business, but a broader vision is needed, the lobby noted.

"Early signals matter. The UK is a fantastic place to do business but we must be honest - the reputation of our country has taken a dent in recent times," Fairbairn said.

"Our new Prime Minister has a real chance to inject a new lease of life into the UK economy and show the world we are open for investment."

The manifesto also called for fast action to show world that the UK remains a trusted place to do business and to build a compelling economic vision for the UK of the future.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 23, 2019, 04:58:03 am
BoJ Closely Examining Heightened Global Uncertainties, Says Kuroda

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The Bank of Japan is carefully monitoring heightened uncertainties regarding the global economy as some nervousness has been seen in global financial markets, Governor Haruhiko Kuroda said Tuesday.

"We will carefully examine various risk factors, in addition to developments in economic activity and prices as well as financial conditions, and weigh the benefits and costs of the policy effects," Kuroda said in a speech at the International Monetary Fund.

He said Japan's economy is no longer in deflation as the central bank continued its powerful monetary easing.

"The positive annual CPI inflation has taken hold, and the economy is no longer in deflation in the sense of a sustained decline in prices," Kuroda added.

Inflation is in the range of 0.5-1.0 percent. The banker reiterated that the BoJ will persistently continue with easing in order to maintain the momentum toward achieving 2 percent inflation target.

However, Kuroda said it is not easy to continue with such powerful quantitative and qualitative monetary easing for a long time.

Further, he said the bank adopted yield curve control in 2016, aiming to control both short-and long-term interest rates of bonds.

"In exerting monetary easing effects stably for a long time, the Bank judges that yield curve control is a better framework in terms of both controllability and sustainability," Kuroda added.

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Title: Re: Forex News from InstaForex
Post by: InstaForex Gertrude on July 24, 2019, 04:00:50 am
Gold in anticipation of the Fed rate cut

(https://forex-images.ifxdb.com/userfiles/20190724/analytics5d37a3d04d2d3.jpg)

Surprisingly, but a fact: amid the strengthening greenback, gold renews its perennial highs.

Since 2013, the precious metal has been trading in the range of $1050-1385 per ounce, and only recently strengthened expectations regarding easing of monetary policy by the Federal Reserve System (FRS) of the United States allowed quotes to come out.

The main obstacle in the path of "bulls" on XAU/USD is traditionally considered to be a strong dollar, but even now its position does not seem to be hopeless. What then is the matter?

If in 2014-2018, the US currency showed growth due to the tightening of the monetary rate of the Fed, then at present it remains stable primarily due to the weakness of competitors.

The Fed is signaling its intention to carry out monetary expansion for preventive purposes. The Bank of England in front of the "hawk" turns into a "dove". The ECB is also ready to ease monetary policy.

In conditions when it is difficult to find a strong currency, investors switch to other assets.

Promotions?

The historical highs of the S&P 500 index are undoubtedly impressive, but the higher it grows, the stronger the impression that this is a "bubble". The only driver of the rally is investor confidence in aggressively lowering the Fed rate. If the US central bank does not go in the wake of the market, the fall of the S&P 500 will be guaranteed. Bonds?

Under normal conditions, bonds act as an alternative to gold and take advantage of it in the form of interest income. However, when the volume of negative-yield bonds traded on the global market increases by leaps and bounds, and currently exceeds $13 trillion, investors start looking at the yellow precious metal in a completely different way. Buying gold seems to be the best choice for them. In fact, which is preferable: not having interest income or paying extra for the fact that you own bonds?

Is it any wonder, then, that in the conditions of only a formally strong dollar, the increasing risks of lowering the S&P 500 and the growing number of traded bonds with negative yields, investors prefer gold? Gold ETF reserves have already exceeded 74 million ounces - less than 18 million below the record high of 92 million ounces recorded in 2011.

"The vector of the monetary policy of key central banks seems to have changed, so we are optimistic about the prospects for the yellow precious metal," said experts from Citigroup. "

We expect the Fed to cut its interest rate by 25 basis points at the July meeting. At the same time, we do not exclude that the regulator can reduce it immediately by 50 basis points. The beginning of the decline in interest rates in the United States will be a positive event for the bulls on gold," they added.

According to Citigroup's forecast, in the third quarter the price of gold will average $1,425 per ounce, and in the fourth quarter - $1,450.

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