Forex News from InstaForex

[InstaForex Gertrude]

Jpmorgan: US Trade Crowded, Buy Europe



Mislav Matejka JPMorgan global equity strategist at CNBC:

It's time to start buying Europe.

News are provided by
InstaForex.

[InstaForex Gertrude]

Usd/jpy Bias Up, Mega Option Expiries Today



Quite a bit of optionality nearby including barriers and expirations. 116.50 (672 mln), mega-117.00/117.50 (1.137/1.213 bln) vanillas to go off. Barriers also tipped at 117.50, 118.00 above, stops large above. USD/JPY bias up but expiries today look to help slow any further push up. Large 117.00 (690), 117.50 (685) and 118.00 (960) strikes expire tom too.

[I][URL=http://instaforex.com/forex-news.php]News

[InstaForex Gertrude]

New Zealand Capital Goods Prices Add 0.5% In Q3



The price of purchasing new capital items rose 0.5 percent in the third quarter of 2014, Statistics New Zealand said on Thursday. Four of six asset groups measured by the capital goods price index rose. The major upward contributions to the CGPI came from higher prices for residential buildings (up 1.0 percent) and non-residential buildings (up 0.8 percent). The gains were offset by a fall in transport equipment prices (down 0.6 percent). On a yearly basis, the CGPI climbed 2.3 percent. The increases for residential buildings (up 4.7 percent) and non-residential buildings (up 4.1 percent) were the main contributors to the change.

News are provided by
InstaForex.

[InstaForex Gertrude]

Usd/myr may Trade 3.35-3.36



Agent fears, profit taking in USD/JPY to pressure pair Exports worries - depressed oil/commodities underpin NDFs traded 3.3705-3.3810 range overnight, closed 3.3705-3.3735 in NY

News are provided by
InstaForex.

[InstaForex Gertrude]

China Securities Times: China Researcher Suggests Interest Rate Cut Next Year



China Securities Times (via Bloomberg):

China researcher suggests interest rate cut next year

News are provided by
InstaForex.

[InstaForex Gertrude]

China Plans to Double Australian Mortgages in 2 Years



Bank of China plans to double its mortgage lending in Australia in two years: Wants to offer more home loans to locals Hopes to reach more non-Chinese borrowers in the country through a product distribution agreement with Australian Finance Group Pty, Australia's biggest mortgage broker Bank of China held A$672 million of Australian mortgages as of September 30

News are provided by
InstaForex.

[InstaForex Gertrude]

Japan: Main Opposition Offers Alternative to Abe’s ‘3 Arrows’ With ‘3 Pillars’



Democratic Party of Japan has offered an alternative to Abe's 'three arrows': "flexible financial policy bearing in mind the daily life of the people" "investing in people" "a growth strategy that will connect to the future"

News are provided by
InstaForex.

[InstaForex Gertrude]

South Korea Current Account Surplus $9.01 Billion



South Korea posted an unadjusted current account surplus of $9.01 billion in October, the Bank of Korea said on Thursday. That follows the upwardly revised $7.41 billion surplus in September (originally $7.20 billion). The goods account surplus widened to $8.86 billion, from $7.51 billion the previous month. The services account deficit registered $0.25 billion, similar to September's level. The primary income account surplus widened to $0.97 billion from $0.61 billion the previous month due to a decrease in payments on the equity account. The secondary income account saw a deficit of $0.36 billion. The financial account saw a net outflow of $6.80 billion, down from $8.76 billion in the previous month. Direct investment recorded a net outflow of $2.09 billion, less than the $2.15 billion in the previous month, as foreigners' direct inward investment increased. Portfolio investment saw a net outflow of $0.38 billion, down from $3.52 billion in September, due to the reduction of residents' outward portfolio investment and the shift to a net inflow of foreigners' portfolio investment, the bank said. Financial derivatives posted a net outflow of $0.57 billion. Other investment saw a net outflow of $4.01 billion, up from $1.88 billion a month earlier - despite the shift to net borrowings by domestic financial institutions, as overseas loans and deposits by domestic financial institutions increased, the bank noted. Reserve assets fell $0.25 billion. Seasonally adjusted, the current account surplus was $7.32 billion, up from the downwardly revised $4.99 billion (originally $5.20 billion).

News are provided by
InstaForex.

[InstaForex Gertrude]

Japan Industrial Production Up Unexpectedly In October



Preliminary estimates released by Japan's Ministry of Economy, Trade and Industry on Friday showed that industrial production in Japan unexpectedly rose in October. Industrial production rose a seasonally adjusted 0.2 percent month-over-month, belying expectations for a 0.6 percent drop. However, this represented a marked slowdown from the 2.9 percent growth in September. Annually, production was down 1 percent, not as worse as the 1.7 percent drop expected by economists. Shipments were up 0.4 percent month-over-month but declined 0.6 percent annually. The Ministry's forecast based on a survey of manufacturers pitches industrial production growth at 2.3 percent in November and at 0.4 percent in December.

News are provided by
InstaForex.

[InstaForex Gertrude]

Russia Forecasts a Recession in 2015, Signaling a Toll from Sanctions and Oil Prices - Nyt



The Ministry of Economic Development, which publishes the government's economic outlook, on Tuesday revised its forecast for 2015 to show a contraction of 0.8 percent, compared with a previous projection of 1.2 percent growth. The combination of sanctions and plummeting oil prices is catching up with Russia's economy, wobbly in the best of times because of its heavy reliance on commodity exports. In the face of the weakness, the ruble has been in a free fall, driven by Russians' fears of economic isolation and their eagerness to change rubles into dollars or euros to move wealth out of the country. The ruble opened at 52 to the dollar and slipped to around 53 in trading on Tuesday. So far this year, the ruble has fallen more than 40 percent against the dollar.

News are provided by
InstaForex.

[InstaForex Gertrude]

Aud/usd Higher After Better Aus Retail Sales Data



Aus Retail Sales has surprised to the upside and pushedAUD/USD above 0.8420 Hourly resistance is at 0.8430 with break targeting 0.8470 Aus trade numbers also came in a bit better and the market is short

News are provided by
InstaForex.

[InstaForex Gertrude]

Usd/myr to Open Around 3.4500

Pair could test at 3.4570, 2010 high on the cards USD/MYR implieds shot up to 3.4660 overnight, as oil prices extend fall 1 month NDFs soared to 3.4760 high, closed at 3.4605-25 in NY USD/MYR to open around 3.4500, expect more from BNM to check volatility

News are provided by InstaForex

[InstaForex Gertrude]

Gold slips As Strong Dollar, Weak Oil Dulling Gold Appeal As a Hedge



Spot gold had slipped 0.2 percent to $1,200.26 an ounce by 0036 GMT. Gold jumped more than 1 percent on Monday on a brief surge of late-day technical buying as it breached the $1,200-per-ounce level long after the U.S. dollar dropped from a more than five-year high. But the dollar recovered on Tuesday and was higher against a basket of major currencies. Strong US data and higher rates could provide a further boost to the dollar and hurt non-interest-bearing bullion.

News are provided by
InstaForex.

[InstaForex Gertrude]

Usd/cny Trades to Remain Choppy, Bullish Bias Intact



Plunge in stock markets, liquidity probably on govt's new bond rules dominate Expect the repo and bond yield curves to continue higher PBOC likely to keep fix low, in line with lower dollars overnight USD/CNY and USD/CNH risks further squeeze above 3.20 Nov CPI and PPI eyed, exp 1.6%y/y and -2.4%y/y respectively

News are provided by
InstaForex.

[InstaForex Gertrude]

Usd/idr Firm Above 12300



Protests for min wage increase ongoing in Jakarta, peaceful so far Risk fall, global stocks dump, strong corporate year-end USD demand pressure IDR USD/IDR to move back above 12350, resistance zone between 12380-12400 NDFs traded 12420-12445 overnight, closed at 12435-12450 in NY No change in BI policy rates expected, currently at 7.75%

News are provided by
InstaForex.

[InstaForex Gertrude]

Abe Looks Set to Reaffirm His Authority



Japan's lower house election takes place on 14 December, just two years after Prime Minister Shinzo Abe took office in December 2012. Standard Chartered Research predicts: We expect the ruling coalition to hold its super-majority in the lower house election Budget compilation and reforms will be the next focus for the new government If the ruling party loses the election, there will be considerable uncertainty ahead

News are provided by
InstaForex.

[InstaForex Gertrude]

New Zealand Services Sector Slows In November



The services sector in New Zealand continued to expand in November, albeit at a slower pace, the latest survey from Business NZ revealed on Monday with a PMI of 54.8. That's down from 57.0 in October, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. By region, the index for the Northern region came in at 55.5, while the Central region was at 57.1, Canterbury was at 56.8 and Otago came in at 65.3.

News are provided by
InstaForex.

[InstaForex Gertrude]

Aud/usd Little changed After Rba Minutes Similar to Statement

RBA acknowledged market expectations of easing in 2015 But gave no indication they agree with those expectations View that lower AUD needed to balance economy same as statement Market will look ahead to HSBC Flash China PMI at 01:45 GMT

News are provided by InstaForex

[InstaForex Gertrude]

Japan Has Y891.859B Trade Deficit



Japan posted a merchandise trade deficit of 891.859 billion yen in November, the Ministry of Finance said on Wednesday - remaining in the red for the 29th consecutive month. The headline figure beat forecasts for a shortfall of 992.0 billion following the downwardly revised 736.9 billion yen deficit in October (originally 709.995 billion yen). Exports were up 4.9 percent to 6.188 trillion yen - well shy of forecasts for a gain of 7.0 percent and slowing from 9.6 percent in the previous month. Exports to all of Asia were up 5.8 percent on year, while exports to China added an annual 0.9 percent. Exports to the United States gained 6.8 percent on year, while exports to the European Union fell an annual 1.3 percent. Imports dipped 1.7 percent on year to 7.080 trillion yen versus forecasts for an increase of 1.7 percent following the upwardly revised 3.1 percent gain a month earlier (originally 2.7 percent). Imports from all of Asia climbed 3.4 percent on year, while imports from China alone advanced an annual 3.9 percent. Imports from the United States tumbled 3.3 percent, while imports from the European Union collected 2.4 percent. The adjusted merchandise trade balance was a deficit of 925.0 billion yen, which beat forecasts for a shortfall of 982.8 billion yen following the revised 985.1 billion yen deficit in October (originally -977.5 billion yen).

News are provided by
InstaForex.

[InstaForex Gertrude]

Boj Unlikely to Move at Its Last Policy Meeting of 2014

The Bank of Japan (BoJ) will hold its final monetary policy meeting of 2014 on 18-19 December. Standard Chartered Research notes it does not expect any change in their policy in near term: We expect no policy change, with the BoJ likely to keep its annual asset purchase target at JPY 80tn. The board is also likely to keep its economic assessment unchanged, saying that the economy continues to recover moderately. The BoJ unexpectedly expanded its monetary easing programme on 31 October in order to pre-empt the return of a deflationary mindset. However, the decision was made by a 5-4 vote. While Governor Kuroda and his two deputies have firmly maintained that the 2% inflation target can be achieved "around" FY15 (year starting in April 2015), some board members have expressed different views.

News are provided by InstaForex