Forex News from InstaForex

**InstaForex Gertrude** · 20-10-17, 06:36

Malaysia's Inflation Accelerates In September

Malaysia's inflation accelerated as expected in September, figures from the Department of Statistics revealed Friday.

Consumer prices climbed 4.3 percent year-on-year in September, faster then the 3.7 percent rise seen in August. The rate came in line with expectations.

Among components, transport costs showed a significant growth of 15.8 percent. At the same time, food and non-alcoholic beverages, which accounted 30.2 percent in the CPI weights, climbed 4.6 percent.

On a monthly basis, inflation eased to 0.3 percent from 0.9 percent in August. Likewise, based on a seasonally adjusted term, the overall consumer price index for September grew 0.3 percent.

During January to September, the CPI registered an increase of 4 percent from the same period last year.

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**IFX Yvonne** · 23-10-17, 09:08

Japan Leading Index Strengthens More Than Estimated In August

Japan's leading index improved more than initially estimated in August, latest figures from the Cabinet Office showed Monday.

The leading index, which measures the future economic activity, climbed to 107.2 in August from 105.2 in July. The reading for August was revised up from 106.8.

Moreover, this was the highest score since February 2014, when the reading was 108.0.

The coincident index that reflects the current economic activity rose to 117.7 in August from 115.7 in the previous month. The flash reading for August was 117.6.

The lagging index came in at 116.2 in August, up from 115.9 in July.

**InstaForex Gertrude** · 24-10-17, 06:01

Japan Manufacturing PMI Slows In October - Nikkei

The manufacturing sector in Japan continued to expand in October, albeit at a slightly slower pace, the latest survey from Nikkei revealed on Tuesday with a manufacturing PMI score of 52.5.

That's down from 52.9 in September, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output, new orders, new export orders and quantity of purchases all increased but at a slower pace.

Employment, backlogs and output prices all increased at a faster rate.

Business confidence fell to an 11-month low.

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**InstaForex Gertrude** · 24-10-17, 07:30

AUD/JPY profit target reached perfectly, prepare to buy

The price has dropped perfectly and reached our profit target. We now prepare to buy above major support at 88.39 (Multiple Fibonacci retracements, horizontal overlap support) for a push up to at least 89.10 resistance (Multiple Fibonacci retracements, recent swing high resistance).

Stochastic (21,3,1) is seeing support above 1.2% where we expect a corresponding bounce from.

Buy above 88.39. Stop loss is at 88.17. Take profit is at 89.10.

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**InstaForex Gertrude** · 26-10-17, 06:26

Australia Export Prices Sink 3.0% In Q3

Export prices in Australia were down 3.0 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a decline of 4.0 percent following the 5.7 percent drop in the three months prior.

Import prices were down 1.6 percent on quarter, missing slightly forecasts for a decline of 1.5 percent following the 0.1 percent contraction in the second quarter.

On a yearly basis, export prices were up 14.2 percent and import prices dipped 0.4 percent.

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**InstaForex Gertrude** · 26-10-17, 07:13

Gary Cohn Out of Running to Become Next Fed Head

Export prices in Australia were down 3.0 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a decline of 4.0 percent following the 5.7 percent drop in the three months prior.

Import prices were down 1.6 percent on quarter, missing slightly forecasts for a decline of 1.5 percent following the 0.1 percent contraction in the second quarter.

On a yearly basis, export prices were up 14.2 percent and import prices dipped 0.4 percent.

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**InstaForex Gertrude** · 30-10-17, 02:31

Gold Steadies After Weekly Losses

Gold futures were flat Friday, unable to trim recent losses as U.S. stocks continued their record-setting run.

Surging techs stocks drove the Nasdaq up 2 percent, while the rest of the market was in consolidation mode after all-time highs.

With gold's safe haven appeal diminished, the precious metal has fallen in October.

Dec. gold added $2.20, or 0.2%, to settle at $1,271.80/oz, but was down 0.8% for the week.

Economic growth in the U.S. slowed modestly in the third quarter, according to a report released by the Commerce Department on Friday, although the pace of growth still exceeded economist estimates.

The report said real gross domestic product jumped by 3.0 percent in third quarter after surging up by 3.1 percent in the second quarter. Economists had expected GDP to increase by 2.5 percent.

The Federal Reserve is widely expected to raise interest rates in December if the economy performs well over the next two months.

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**devdigs** · 30-10-17, 07:43

thank for sharing nice news

**InstaForex Gertrude** · 03-11-17, 02:46

Dow Ends at Record Peak, S&P Flat after Release of Tax Reform Bill

U.S. equities finished mostly higher on Thursday as investors assessed the details of the tax-reform plan proposed by Republicans.

The plan would reduce the corporate tax rate to 20 percent from 35 percent but also ending certain tax breaks for firms and individuals.

The Dow Jones industrial average rose 0.35 percent 23,516.26, a record peak, after briefly losing 84 points. The index also notched a record intraday peak. Shares of Boeing were the best-performers on the 30-stock index.

The S&P 500 edged up 0.02 percent to 2,579.85, with financials climbing 0.9 percent. The index finished above the flatline. Shares of Allstate were among the best-performing stocks in the financials sector, adding 3.8 percent.

The Nasdaq composite finished below breakeven at 6,714.94; it dropped earlier, with tech investors being disappointed by the 12 percent rate on repatriated cash.

Apple advanced as the iPhone maker's revenue forecast for the holiday shopping quarter was highly above market expectations.

Facebook dropped 2.0 percent as investors brushed off solid quarterly results and were more concerned about the social media firm's spending. The stock was the biggest laggard on the S&P 500 and Nasdaq.

U.S. housing sector stocks plunged amid concerns regarding the tax plan's cap on deductions for mortgages. The PHLX Housing index dropped 1.1 percent, with Toll Brothers losing 6.1 percent and MDC Holdings down by 12.0 percent.

Shares of home improvement retailers also declined. Lowe's fell 4.1 percent and Home Depot pulled back 1.6 percent, adding pressure on the Dow.

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**InstaForex Gertrude** · 03-11-17, 06:15

China Private Sector Growth At 16-Month Low

China's private sector expanded at the weakest pace in sixteen months in October, survey data from IHS Markit showed Friday.

The Caixin composite output index, which covers both manufacturing and services, dropped to 51.0 in October from 51.4 in September. However, any reading above 50 indicates expansion in the sector.

The softer increase in overall output was largely driven by a further slowdown in manufacturing production growth. At the same time, Chinese services activity picked up from September's 21-month low. The seasonally adjusted Caixin China General Services Business Activity Index rose to 51.2 from 50.6.

New business increased across both the manufacturing and service sectors during October.

Employment at the composite level was little-changed for the third straight month in October, as further job shedding at manufacturers continued to offset hiring at services companies.

"The Caixin PMIs for October showed that the economy had a relatively weak start to the fourth quarter. However, monetary policy is unlikely to be loosened unless major downside risks emerge," Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said.

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**IFX Yvonne** · 06-11-17, 09:28

UAE Non-Oil Private Sector Growth Improves In October

UAE's non-oil private sector growth improved at the start of the fourth quarter, survey figures from Emirates NBD and IHS Markit showed Monday.

The headline Emirates NBD Purchasing Managers' Index, or PMI, rose to 55.9 in October from 55.1 in September. Any reading above 50 indicates expansion in the sector.

"The increase in the UAE's headline index in October reflects faster output growth and a sharp increase in inventories, as firms anticipate stronger demand in the coming weeks," Khatija Haque, Head of MENA Research at Emirates NBD, said.

Employment growth remained robust in October, extending the current sequence of job creation to one-and-a-half years.

On the price front, input prices increased at a solid rate in October, while output prices fell at the fastest rate since March 2010, as firms continued to discount selling prices in order to support demand.

- - - Updated - - -

UAE Non-Oil Private Sector Growth Improves In October

UAE's non-oil private sector growth improved at the start of the fourth quarter, survey figures from Emirates NBD and IHS Markit showed Monday.

The headline Emirates NBD Purchasing Managers' Index, or PMI, rose to 55.9 in October from 55.1 in September. Any reading above 50 indicates expansion in the sector.

"The increase in the UAE's headline index in October reflects faster output growth and a sharp increase in inventories, as firms anticipate stronger demand in the coming weeks," Khatija Haque, Head of MENA Research at Emirates NBD, said.

Employment growth remained robust in October, extending the current sequence of job creation to one-and-a-half years.

On the price front, input prices increased at a solid rate in October, while output prices fell at the fastest rate since March 2010, as firms continued to discount selling prices in order to support demand.

**InstaForex Gertrude** · 07-11-17, 04:48

UK Like-For-Like Sales Slide In October - BRC

Like-for-like sales in the United Kingdom tumbled in October, the latest survey from the British Retail Consortium revealed on Tuesday - sliding 1.0 percent on year.

That was well shy of forecasts for a gain of 0.8 percent and down sharply from the 1.9 percent increase in September.

Overall sales were up just 0.2 percent, marking a nine-year low for the October month.

"The decline was driven by the worst performance of non-food sales since our record began in January 2011," said BRC chief executive Helen Dickinson.

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**InstaForex Gertrude** · 07-11-17, 05:17

Wall Street Notched Record Peaks as Dealmaking Eyed

U.S. equities advanced to record peaks on Monday, supported by news of corporate dealmaking and as investors bet that a Republican plan to trim corporate taxes would buoy earnings.

The Dow Jones industrial average climbed 0.04 percent to 23,548.42, an all-time peak. The S&P 500 managed to hit a record peak, rising 0.13 percent to 2,591.13. The Nasdaq composite also ended at an all-time peak, adding 0.3 percent to 6,786.44.

Investor optimism was also spurred by a Republican proposal to lower the corporate tax rate to 20 percent from 35 percent and end some tax breaks for firms and individuals.

Qualcomm gained 1.15 percent after Broadcom offered to buy its fellow chip maker for $103 billion, in what could be the largest-ever acquisition in the tech sector. Shares of Broadcom rose 1.42 percent. Qualcomm's increase also helped the VanEck Vectors Semi ETF to notch an intraday record peak.

Advanced Micro Devices also bounced on dealmaking news.

Twenty-First Century Fox soared 9.93 percent after CNBC reported that the film and television conglomerate has held talks to sell most of the company to media giant Walt Disney Co. Shares of Disney climbed 2.02 percent.

Apple advanced 1.01 percent and contributed the most to the S&P 500 index's gains.

The S&P 500 energy index jumped 2.2 percent on gains in crude prices after the crown prince of Saudi Arabia, the world's biggest oil exporter, tightened his grip on power through an anti-corruption purge.

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**InstaForex Gertrude** · 08-11-17, 03:53

Wall Street Mixed; Media Stocks Rise on Dealmaking Prospects

U.S. equities advanced on Tuesday as investor sentiment was supported by the prospects of dealmaking in the media sector.

The Dow Jones industrial average climbed 0.04 percent to 23,557.23, extending a record closing peak. The S&P 500 ended just below breakeven at 2,590.64. The Nasdaq composite dropped 0.4 percent to 6,767.78. The three indexes notched intraday record peaks earlier in the session.

Dealmaking hopes were fueled by news that Disney approached 21st Century Fox on a deal. The two companies have been in talks in recent weeks, but there is no certainty that a deal will get done. Disney gained one percent and was the best-performing stock on the Dow.

Shares of Discovery Communications bounced 1.3 percent and were among the best performers on the S&P 500. CBS also climbed 1.14 percent.

Financial shares dropped as Wells Fargo lost 1.7 percent and Citigroup dropped 1.8 per cent. Shares of JPMorgan were also down by 2.8 percent. The decline in financials comes as the yield curve flattened further for a seventh day in a row.

TripAdvisor and Priceline were the biggest decliners on the S&P 500 after both online travel websites issued quarterly results that raised concerns on their growth prospects.

Solid corporate earnings, along with improving economic data and the prospects of changes to the U.S. tax code, have helped stocks to increase higher since President Donald Trump was elected.

In the first and second quarter of the year, S&P 500 earnings rose 15.5 percent and 10.8 percent, respectively. The current earnings season has also been resilient. According to FactSet, third-quarter earnings have increased 6.3 percent on a year-over-year basis.

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**InstaForex Gertrude** · 08-11-17, 06:33

China Exports Rise Less Than Expected In October

China's exports increased at a slower-than-expected pace in October, data from the General Administration of Customs showed Wednesday.

In dollar terms, exports climbed 6.9 percent year-over-year in October, slightly below economists' forecast for an increase of 7.1 percent.

At the same time, imports surged 17.2 percent in October from a year ago, faster than the expected growth of 17.0 percent.

The trade surplus totaled $38.2 billion in October versus the expected surplus of $39.1 billion.

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**InstaForex Gertrude** · 09-11-17, 03:14

China CPI Climbs To 1.9% In October

Consumer prices in China were up 1.9 percent on year in October, the National Bureau of Statistics said on Thursday.

That exceeded expectations for 1.8 percent and was up from 1.6 percent in September.

On a monthly basis, inflation gained 0.1 percent after rising 0.5 percent a month earlier.

The bureau also said that producer prices advanced an annual 6.9 percent - unchanged from the previous month but topping forecasts for 6.6 percent.

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**InstaForex Gertrude** · 10-11-17, 03:57

Germany Trade Surplus Slightly Expands in September

Germany's trade surplus increased marginally in September, as imports fell more than exports compared to August.

According to official data from the Federal Statistics Office, the surplus stood at €21.8 billion in September on a seasonally adjusted basis from €21.3 billion in August.

The widening came as exports dropped 0.4 percent to €107.5 billion, and imports dropped one percent to €85.7 billion. The surplus was €20.2 billion the previous year.

The reading, which followed months of growth in both exports and imports, showed that sales of German goods and services abroad only slightly grew overall in the third quarter.

According to economists, trade would not provide any significant contribution to expansion in the quarter, but they are optimistic about the outlook given strong demand for German goods.

Industrial firms posted a 3.6 percent rise in orders in August after contracts for “Made in Germany” goods dropped by an upwardly revised 0.4 percent in July, recent data showed.

Export growth has been softer, which indicates that the economy is counting more on consumption, state spending and construction as drivers.

The country's wider current account surplus, which measures the flow of goods, services and investments, increased to €25.4 billion after an upwardly revised reading of €18.0 billion in August, unadjusted data showed.

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**InstaForex Gertrude** · 16-11-17, 02:49

Australia Jobless Rate Falls To 5.4% In October

The unemployment rate in Australia came in at a seasonally adjusted 5.4 percent in October, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 5.5 percent, which would have been unchanged from the September reading.

The Australian economy added 3,700 jobs in October to 12,297,100, well shy of the forecast for 18,800 following the addition of 19,800 in the previous month.

The participation rate fell to 65.1 percent, missing expectations for 65.2 percent, which would have been unchanged.

Full-time employment increased 24,300 to 8,425,400 in October and part-time employment shed 20,700 to 3,871,700.

Unemployment decreased 8,100 to 701,500. The number of unemployed persons looking for full-time work remained steady at 485,900 and the number of unemployed persons only looking for part-time work decreased 8,100 to 215,600.

Monthly hours worked in all jobs increased 4.6 million hours (0.3 percent) to 1,723.7 million hours.

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**InstaForex Gertrude** · 16-11-17, 03:01

European Markets Drop as Commodities Decline, Earnings Mixed

European equities retreat as market sentiment was weighed down by declines in commodity stocks while earnings reports were mixed.

The pan-European STOXX 600 fell 0.49 percent provisionally. It was the index's seventh consecutive session of declines, its longest losing streak since October 2016 when markets fell in the run-up to the U.S. presidential election.

The U.K.'s FTSE 100 dropped 0.56 percent, while France's CAC 40 lost 0.27 percent and Germany's DAX slid 0.44 percent.

Autos were among the biggest losers, slipping 0.9 percent, but declines were spread across sectors as investors continued to take profits following this year's rally.

Basic resources was also one of the worst performers, as lower-than-expected retail sales and industrial production figures recently seen and a drop in metal prices weighed on trade. Copper producer Aurubis lost four percent.

Oil and gas tumbled 1.49 percent due to lower oil prices. Crude oil's price decline added pressure on mining and energy stocks like Rio Tinto and Royal Dutch Shell.

Among oil companies Tullow Oil led declines, dropping 5.2 percent while services firm TechnipFMC and Austrian refiner OMV also fell 3.2 to 4.3 percent.

German rubber maker Lanxess dropped more than three percent after posting its third quarter net profit which turned out to be lower than the previous year. Potash miner K+S plunged more than five percent, after its operating profit and third quarter revenue missed market expectations.

Bucking the trend was Airbus rising 2.35 percent after receiving a 430 airplane order from Indigo Partners. Shares of Cobham also climbed more than 3.5 percent before trimming gains to end 2.36 percent higher, after it issued a trading statement saying its performance for this year remained "unchanged".

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**InstaForex Gertrude** · 17-11-17, 05:08

COLOMBIA: Government Lowers Growth Projection For 2017 To 1.8% From 2%

The Colombian economy should grow less than expected in 2017 - from 2% to 1.8% - said the South American country's Minister of Finance, Mauricio C?rdenas. The minister made the estimate after Colombia's statistics office reported that country's Gross Domestic Product (GDP) grew by 2% in the third quarter of 2017 on an annual basis.

According to C?rdenas, the official figures "confirm, once again, that the worst is over, that we overcame the most difficult moment and the economy is in a recovery process."

He also said that the government expects a 2.5% annualized growth in the fourth quarter of 2017.

C?rdenas stressed that the third-quarter's data was much better than the last four quarters records, which "raises a more positive economic scenario."

Finally, the minister announced that the economy is expected to grow around 3% in 2018, in line with the forecasts of the International Monetary Fund (IMF) which, in its most recent report, estimates that the Colombian GDP would increase in a 2.8%.

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