Forex News from InstaForex

**InstaForex Gertrude** · 11-09-15, 07:44

Indian Rupee Rises To 2-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the morning deals on Friday. Against the greenback, the rupee rose to a 2-day high of 66.2900 from yesterday's closing value of 66.3500. If the rupee extends its uptrend, it is likely to find resistance around the 65.60 area.

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**InstaForex Gertrude** · 14-09-15, 09:18

Usd/jpy Struggles to Break Above 121.30, Decline Till 119.60 Is Possible

USD/JPY has broken minor trend line support around 120.50 (trend line joining 119.96 and 120.35) and a short decline till 119.95 is possible. On the higher side intraday resistance is around 120.75 and break above will take the pair till 121.30. Short term trend reversal only above 121.30. The pair's minor support is around 120.20 and break below targets 119.95/119.50. It is good to sell on rallies around 120.40-45 with SL around 120.76 for the TP of 119.95/119.60

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**InstaForex Gertrude** · 16-09-15, 06:42

Mexico Leading Index Falls For Third Month: Conference Board

The leading index for Mexico, which measures the future economic activity, decreased for the third consecutive month in July, as majority of its components made negative contributions, figures from Conference Board showed Tuesday. The Conference Board leading economic index fell 1.6 percent in July, following a revised 0.7 percent decrease in June. Out of the six components, only one contributed positively to the index in July. The index declined by 1.9 percent between January and July 2015, but the contraction was not as deep as the decline of 5.5 percent over the previous six months. At the same time, the coincident index that reflects the current economic acticity rose 0.3 percent in July, the same rate of increase as in the previous month. Two of the three components gained during the month.

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**InstaForex Gertrude** · 17-09-15, 03:58

Japan Has Y569.659 Billion Deficit In August

Japan had a merchandise trade deficit of 569.659 billion yen in August, the Ministry of Finance said on Thursday. That missed forecasts for a shortfall of 542.5 billion yen following the 268.4 billion yen deficit in July. Exports gained 3.1 percent on year, shy of forecasts for an increase of 4.4 percent and down from the 7.6 percent jump in the previous month. Imports dipped an annual 3.1 percent versus expectations for a fall of 2.5 percent following the 3.2 percent contraction a month earlier.

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**InstaForex Gertrude** · 18-09-15, 06:52

China Home Prices Rise In August

Home prices in majority of the Chinese cities increased in August, figures from the National Bureau of Statistics showed Friday. On a monthly basis, home prices climbed 35 out of 70 cities surveyed by the government. Prices declined in 26 cities but remained flat in 9 months. The biggest hike in prices was noted in Shenzhen, by 5.1 percent and the steepest decreases were seen in Dandong, Jining and Xiangyang, by 0.5 percent. Compared with the same month of the previous year, home prices fell 61 out of the 70 cities during August.

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**InstaForex Gertrude** · 22-09-15, 07:35

Taiwan Jobless Rate Remains Stable In August

Taiwan's unemployment rate held steady in August, defying economists' expectations for an increase, figures from the Directorate General of Budget and Statistics, or DGBAS, showed Tuesday. The seasonally adjusted jobless rate came in at 3.74 percent in August, the same rate as in the previous month. Economists had expected the jobless rate to rise to 3.77 percent. In the corresponding month of the previous year, the unemployment rate was 3.93 percent. The number of unemployed people remained unchanged at 435,000 during August. A year ago, the jobless figure totaled 453,000. At the same time, the number of persons in employment increased to 11.21 million in August from 11.20 million a month ago. The labor force participation rate rose marginally to 58.65 percent in August from 58.64 percent in July. On an unadjusted basis, the unemployment rate climbed to 3.90 percent in August from 3.82 percent in the previous

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**InstaForex Gertrude** · 23-09-15, 07:15

Canadian Dollar Drops Against Most Majors

The Canadian dollar weakened against most major currencies in the Asian session on Wednesday. The Canadian dollar fell to more than a 2-week low of 90.04 against the yen, from yesterday's closing value of 90.51. Against the U.S. dollar and the euro, the loonie dropped to 1.3294 and 1.4797 from yesterday's closing quotes of 1.3271 and 1.4751, respectively. If the loonie extends its downtrend, it is likely to find support around 87.00 against the yen, 1.33 against the greenback and 1.54 against the euro.

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**InstaForex Gertrude** · 24-09-15, 06:00

New Zealand Trade Deficit NZ$1.03 Billion In August

New Zealand posted a merchandise trade deficit of NZ$1.03 billion in August, Statistics New Zealand said on Thursday - representing 28 percent of exports. The headline figure missed forecasts for a shortfall of NZ$875 million following the NZ$649 million deficit in July. Exports were worth NZ$3.73 billion, down from NZ$4.20 billion in the previous month. On a yearly basis, exports climbed NZ$197 million or 5.6 percent. Beef exports continued to rise, up 46 percent on year (NZ$61 million) in August. The beef export season runs from 1 October to 30 September. "With one month to go in the 2014-15 beef export season, beef exports are at a new high of NZ$3 billion," international statistics senior manager Jason Attewell said. "So far this season, 404,000 tons of beef have been exported, and if we export at least 18,000 tons next month we'll surpass the peak 2003-04 season for quantity exported." The United States remains the top beef export destination this season, for both value and quantity. Beef export values to the U.S. have hit a record high of NZ$1.6 billion (up 64 percent) for the season to date, with quantities up 21 percent on year. Beef export values to China continued to increase, up 88 percent for the season to date, to NZ$394 million, with quantities up 52 percent on year. "International shortages, rising production, and a falling New Zealand dollar have contributed to this record beef season," Attewell said. Imports were worth NZ$4.77 billion, down from NZ$4.85 billion a month earlier. On a yearly basis, imports jumped 19.0 percent.

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**InstaForex Gertrude** · 28-09-15, 07:28

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against the other major currencies in the Asian session on Monday. The NZ dollar rose to near 3-week highs of 1.7491 against the euro and 1.0984 against the Australian dollar, from Friday's closing quotes of 1.7530 and 1.0990, respectively. Against the U.S. dollar, the kiwi advanced to a 10-day high of 0.6402 from last week's closing value of 0.6376. The kiwi edged up to 77.01 against the yen, from Friday's closing value of 76.93. If the kiwi extends its uptrend, it is likely to find resistance around 1.70 against the euro, 1.08 against the aussie, 0.65 against the greenback and 78.00 against the yen.

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**InstaForex Gertrude** · 29-09-15, 03:34

Canadian dollar plummets on lower oil prices, market gloom

The Canadian dollar declined Monday as crude oil prices took a negative turn and an overall gloom over global growth ignited woes in markets. US crude prices ended at $44.43, partially affected by huge losses on Wall Street. Also, markets have been anxious over the condition of the Chinese economy along with other emerging markets. The loonie stood at 74.66 US cents from Friday's 75.10 US cents. Generally speaking, it is oil and risk appetite. Not a bunch of figures or information last weekend “really justifies the declines, but it's there and it's very troubling to asset markets,” said Greg Anderson, Global Head of Foreign Exchange Strategy at BMO Capital Markets. Traders will expect Canadian gross domestic product data for July due Wednesday.

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**InstaForex Gertrude** · 29-09-15, 06:21

U.S. Dollar Drops Against Most Majors

The U.S. dollar weakened against most major currencies in the Asian session on Tuesday. The U.S. dollar fell to 5-day lows of 1.1264 against the euro and 0.9718 against the Swiss franc, from yesterday's closing quotes of 1.1244 and 0.9738, respectively.
Against the yen, the greenback dropped to a 5-day low of 119.56 from yesterday's closing value of 119.91.
If the greenback extends its downtrend, it is likely to find support around 1.14 against the euro, 0.96 against the franc and 118.00 against the yen.

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**InstaForex Gertrude** · 30-09-15, 03:58

Japan Industrial Production Eases In August

Industrial output in Japan fell a seasonally adjusted 0.5 percent on month in August, the Ministry of Economy, Trade and Industry said in Wednesday's preliminary reading. That was well shy of forecasts for an increase of 1.0 percent following the 0.8 percent decline in July. On a yearly basis, industrial production added just 0.2 percent - also below expectations for a gain of 1.8 percent following the flat reading in the previous month. Upon the release of the data, the METI downgraded its assessment of industrial production, saying that it has weakened; previously, the METI said output had been fluctuating indecisively. Industries that mainly contributed to the monthly decline included business-oriented machinery, electrical machinery and transport equipment. According to the survey of production forecast in manufacturing, production is expected to rise 0.1 percent in September and jump 4.4 percent in October. Industries that mainly contribute to the increase in September included electrical machinery, communications equipment and chemicals. Industries that mainly contribute to the increase in October included business-oriented machinery, transport equipment and electrical machinery. Shipments in August were down 0.5 percent on month, down for the second straight month. They were also up 0.8 percent on year. Industries that mainly contributed to the decline included business-oriented machinery, fabricated metals and paper products. Inventories in August added 0.4 percent on month, reversing the previous month's losses. They were also up 2.2 percent on year. The inventory ratio in July climbed 6.1 percent on month, rising for the first time in three months. It also showed an increase of 1.0 percent on year. Also on Wednesday, the METI said that retail sales in Japan were up 0.8 percent on year in August. That missed expectations for an increase of 1.2 percent following the 1.8 percent jump in July. Sales from large retailers jumped an annual 1.8 percent - beating forecasts for an increase of 1.3 percent following the 2.1 percent spike in the previous month. On a seasonally adjusted monthly basis, retail sales were flat in August versus expectations for an increase of 0.5 percent and down from 1.4 percent a month earlier.

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**InstaForex Gertrude** · 01-10-15, 07:02

U.S. Dollar Rises Against Most Majors

The U.S. dollar strengthened against most major currencies in the Asian session on Thursday. The U.S. dollar rose to a 3-day high of 1.1155 against the euro, from yesterday's closing value of 1.1176. Against the yen and the Swiss franc, the greenback edged up to 120.27 and 0.9759 from yesterday's closing quotes of 119.87 and 0.9731, respectively. If the greenback extends its uptrend, it is likely to find resistance around 1.10 against the euro, 122.00 against the yen and 0.98 against the franc.

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**InstaForex Gertrude** · 02-10-15, 07:37

Euro escalates ahead of US jobs data

The euro lost its ground Thursday, a day before the US jobs data that may affect the Federal Reserve's timing of raising interest rates this year. Traders are anticipating the nonfarm payrolls data, which many of them believe the figures may give a clearest picture of the overall US economy. Against the US dollar, the common currency closed at $1.1196. Thursday's move emphasizes the uncertainty encompassing the market “regarding the Fed's timing,” said Joe Manimbo, Senior Market Analyst at Western Union.

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**InstaForex Gertrude** · 07-10-15, 09:16

Taiwan CPI Rises Unexpectedly In September

Taiwan's consumer prices increased unexpectedly in September, figures from the Taiwan National Statistics showed Wednesday. The consumer price index rose 0.28 percent year-over-year in September, confounding economists' expectations for a 0.5 percent fall. In August, prices had fallen the same 0.5 percent. Food prices grew 5.85 percent annually in September and health costs went up by 0.31 percent. Meanwhile, costs for transport and communication declined 6.59 percent and clothing prices dropped by 0.67 percent. On a monthly basis, consumer prices climbed 0.68 percent in September. In a separate report, the statistical office announced that wholesale prices fell at a slower pace of 8.6 percent yearly in September, following a 9.4 percent decrease in August. Economists had expected a 8.8 percent decline for the month. Prices have been falling since September last year. Month-on-month, wholesale prices edged up 0.09 percent. Import prices plunged 12.2 percent in September from a year ago, while it rose 0.07 percent from the preceding month.

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**InstaForex Gertrude** · 08-10-15, 04:25

Japan August Current Account Surplus Y1.653 Billion

Japan posted a current account surplus of 1.653 billion yen in August, the Ministry of Finance said on Thursday. That exceeded forecasts for a surplus of 1.226 billion yen following the 1.808 billion yen surplus in July. The trade balance came in at a deficit of 326.1 billion yen following the 108.0 billion yen shortfall in the previous month. Exports added 3.6 percent on year to 5.857 trillion yen after climbing 4.6 percent to 6.544 trillion in July. Imports slipped an annual 4.9 percent to 6.184 trillion yen after dipping 6.5 percent to 6.652 trillion yen a month earlier. The capital account reflected a shortfall of 10.1 billion yen, the ministry said, while the financial account saw a surplus of 1.938 trillion yen. The adjusted current account balance was a surplus of 1.590 trillion yen, topping expectations for 1.226 trillion yen and up from 1.321 trillion yen a month earlier.

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**InstaForex Gertrude** · 08-10-15, 06:15

Global market at risk of new financial crisis, says IMF

The International Monetary Fund warned the world is at risk of a fresh financial crisis leading to global recession if governments and policymakers misgovern market stability risks. IMF's head of financial stability José Viñals said the bad scenario does not depend on severe presumptions at all, indicating the increase in risk premiums and corporate defaults among emerging economies, and decrease in appetite for riskier assets. The institution, in its bi-annual global financial stability report, imitated the effects of the pressing financial perils in emerging markets turning sour from another shock to confidence or policy mishaps. IMF projected spending growth would slide sharply in advanced and emerging economies, resulting in a shortfall in output of 2.4% by 2017. Global growth would face the likelihood of slumping below 2% for a year.

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**InstaForex Gertrude** · 12-10-15, 08:08

JPMorgan’s Chang Says Fed Rate Hike Would Help Emerging Markets

Joyce Chang, global head of research at JPMorgan Chase & Co., said a U.S. Fed rate hike would help emerging markets by lowering uncertainty that has kept investors from taking on risk there. Last month, official kept the rate near zero to see if slower growth in China undermines their forecast that U.S. inflation will move back to the Fed's 2% target. David Fernandez, head of fixed-income, currencies and commodities research for the Asia Pacific region at Barclays Plc, said during the panel discussion that emerging markets would benefit if the U.S. Federal Reserve increased rates.

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**InstaForex Gertrude** · 14-10-15, 03:50

South Korea Leading Index Gains 0.2% In August - Conference Board

The leading economic index in South Korea was up 0.2 percent in August, the Conference Board said on Wednesday, following the 0.3 percent decline in July. The positive contributor was the yield of government public bonds. Negative contributors included the value of machinery orders, stock prices, private construction orders, the index of inventories to shipments and real exports FOB. The coincident index was up 0.2 percent, down from 0.4 percent in the previous month. The positive contributors were total employment, the wholesale and retail sales component, monthly cash earnings and industrial production.

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**InstaForex Gertrude** · 15-10-15, 07:21

Yen Falls Against Majors

The Japanese yen weakened against the other major currencies in the Asian session on Thursday. The yen fell to a 1-1/2-month low of 125.49 against the Swiss franc, a 3-day low of 136.73 against the euro and a 2-day low of 184.35 against the pound, from yesterday's closing quotes of 125.04, 136.33 and 183.85, respectively. Against the U.S. dollar, the yen edged down to 119.16 from yesterday's closing value of 118.82. If the yen extends its downtrend, it is likely to find support around 129.00 against the franc, 138.00 against the euro, 188.00 against the pound and 121.00 against the greenback

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