Forex News from InstaForex

**InstaForex Gertrude** · 22-06-23, 06:22

AUSTRALIAN DOLLAR FALLS AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Thursday.

The Australian dollar fell to more than 2-week lows of 1.0927 against the NZ dollar and 1.6193 against the euro, from yesterday's closing quotes of 1.0952 and 1.6164, respectively.

Against the U.S. dollar and the yen, the aussie dropped to 0.6787 and 96.15 from early 2-day highs of 0.6806 and 96.52, respectively.

The aussie edged down to 0.8929 against the Canadian dollar, from Wednesday's closing value of 0.8943.

If the aussie extends its downtrend, it is likely to find support around 1.06 against the kiwi, 1.66 against the euro, 0.65 against the greenback, 91.00 against the yen and 0.87 against the loonie.

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**InstaForex Gertrude** · 26-06-23, 05:42

CANADIAN DOLLAR RISES AGAINST MAJORS

The Canadian dollar strengthened against other major currencies in the Asian session on Monday.

The Canadian dollar rose to a 7-1/2-month high of 0.8783 against the Australian dollar and nearly an 8-month high of 109.13, from Friday's closing quotes of 0.8795 and 108.99, respectively.

Against the euro and the U.S. dollar, the loonie advanced to 1.4347 and 1.3156 from recent lows of 1.4372 and 1.3181, respectively.

If the loonie extends its uptrend, it is likely to find resistance around 0.85 against the aussie, 112.00 against the yen, 1.41 against the euro and 1.29 against the greenback.

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**InstaForex Gertrude** · 27-06-23, 09:31

EURO RISES AGAINST MAJORS

The euro strengthened against other major currencies in the Asian session on Monday.

The euro rose to a 5-day high of 156.84 against the yen, from yesterday's closing value of 156.47.

Against the U.S. dollar and the Swiss franc, the euro advanced to 4-day highs of 1.0935 and 0.9779 from yesterday's closing quotes of 1.0906 and 0.9767, respectively.

The euro edged up to 0.8586 against the pound, from a recent low of 0.8573.

If the euro extends its uptrend, it is likely to find resistance around 159.00 against the yen, 1.11 against the greenback, 0.99 against the franc and 0.87 against the pound.

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**InstaForex Gertrude** · 28-06-23, 09:13

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 a 6-day low of 1.4470 against the euro and a 5-day low of 1.3219 against the U.S. dollar, from yesterday's closing quotes of 1.4458 and 1.3191, respectively.

Against the yen, the loonie edged down to 108.79 from yesterday's closing value of 109.20.

If the loonie extends its downtrend, it is likely to find support around 1.47 against the euro, 1.35 against the greenback and 105.00 against the yen.

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**InstaForex Gertrude** · 29-06-23, 07:53

SINGAPORE DOLLAR FALLS TO 4-WEEK LOW AGAINST U.S. DOLLAR

The Singapore dollar weakened against the U.S. dollar in the late Asian session on Thursday.

Against the greenback, the Singapore dollar fell to a 4-week low of 1.3548 from a recent high of 1.3513. At yesterdya's close, the Singapore dollar was trading at 1.3528.

If the Singapore dollar extends its downtrend, it is likely to find support around the 1.37 area.

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**InstaForex Gertrude** · 30-06-23, 07:47

AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Friday.

The Australian dollar rose to 2-day highs of 96.08 against the yen and 1.6382 against the euro, from yesterday's closing quotes of 95.76 and 1.6416, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 0.6636 and 0.8789 from Thursday's closing quotes of 0.6616 and 0.8764, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 99.00 against the yen, 1.57 against the euro, 0.68 against the greenback and 0.89 against the loonie.

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**InstaForex Gertrude** · 03-07-23, 07:20

NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.

The NZ dollar rose to 6-day highs of 1.7749 against the euro and 88.89 against the yen, from Friday's closing quotes of 1.7765 and 88.51, respectively.

Against the U.S. and the Australian dollars, the kiwi advanced to 5-day highs of 0.6146 and 1.0826 from last week's closing quotes of 0.6135 and 1.0845, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 1.74 against the euro, 90.00 against the yen, 0.65 against the greenback and 1.05 against the aussie.

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**InstaForex Gertrude** · 05-07-23, 03:14

SINGAPORE PRIVATE SECTOR PMI SLIPS TO 54.1 IN JUNE - S&P GLOBAL

The private sector in Singapore continued to expand in June, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 54.1.

That's down from 54.5 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Driving the latest private sector expansion was a sustained improvement in new orders. Demand for Singaporean goods and services rose in June, extending the sequence of expansion that commenced at the start of 2023. Foreign demand remained subdued, however, registering a mild contraction in the latest survey period.

In turn, output rose at the fastest rate since last October. Sub-sector data indicated that the real estate & business services sector recorded the sharpest output growth in June.

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**InstaForex Gertrude** · 06-07-23, 07:11

EURO FALLS AGAINST MAJORS

The euro weakened against other major currencies in the Asian session on Thursday.

The euro fell to near 2-week lows of 0.9738 against the Swiss franc and 156.18 against the yen, from yesterday's closing quotes of 0.9753 and 156.99, respectively.

Moving away from a recent high of 0.8546 against the pound, the euro fell to nearly a 2-week low of 0.8536.

Against the U.S. and the New Zealand dollars, the euro dropped to 3-week lows of 1.0834 and 1.7504, from yesterday's closing quotes of 1.0854 and 1.7559, respectively.

The euro edged down to 1.6261 against the Australian dollar, from Wednesday's closing value of 1.6308.

Against the Canadian dollar, the euro dropped to 1.4409 from a recent high of 1.4422.

If the euro extends its downtrend, it is likely to find support around 0.95 against the franc, 154.00 against the yen, 0.82 against the pound, 1.06 against the greenback, 1.71 against the kiwi, 1.58 against the aussie and 1.41 against the loonie.

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**InstaForex Gertrude** · 07-07-23, 08:35

GERMANY INDUSTRIAL PRODUCTION FALLS MORE THAN EXPECTED

Germany's industrial production declined more than expected in May, figures from Destatis revealed on Friday.

Industrial production posted a monthly fall of 0.2 percent in May in contrast to the 0.3 percent increase in April. Output was forecast to drop 0.1 percent.

The decline was largely driven by the sharp 13.1 percent fall in output of pharmaceutical products. Meanwhile, motor vehicles, trailers and semi-trailers logged a monthly growth of 4.9 percent.

Excluding energy and construction, industrial production gained 0.2 percent, data showed.

On a yearly basis, industrial production grew 0.7 percent, following a 1.7 percent rise in April.

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**InstaForex Gertrude** · 10-07-23, 06:25

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE SENTIX INVESTOR CONFIDENCE DUE

Investor confidence from Eurozone is the only major data due on Monday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland publishes industrial production data for May. Orders had dropped 2.4 percent annually in April.

At 2.00 am ET, consumer and producer price figures are due from Statistics Norway. Inflation is forecast to ease to 6.2 percent in June from 6.7 percent in May. Producer prices are forecast to plunge 36.4 percent annually.

At 2.30 am ET, the Hungarian Statistical Office releases foreign trade data for May. The trade surplus is expected to rise to EUR 446 million from EUR 366 million in April.

At 3.00 am ET, the Czech Statistical Office is set to release retail sales for May. At 4.30 am ET, Eurozone Sentix investor confidence data is due. The investor sentiment index is forecast to fall to -17.9 in July from -17.0 in June.

At 5.00 am ET, the Hellenic Statistical Authority is scheduled to issue Greece industrial production data for May.

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**InstaForex Gertrude** · 11-07-23, 08:41

UK JOBLESS RATE RISES TO 4.0%

The UK unemployment rate increased in three months to May, data released by the Office for National Statistics showed on Tuesday.

The ILO jobless rate rose to 4.0 percent in three months to May from 3.8 percent in the preceding period.

In June, the payrolled employment showed a monthly fall of 9,000 to 30.0 million.

In April to June, the number of vacancies decreased 85,000 sequentially to 1.03 million. This was the 12th consecutive decline.

Average earnings including bonus grew 6.9 percent in three months to May from the last year, slightly slower than economists' forecast of 6.8 percent.

Excluding bonuses, average earnings moved up 7.3 percent compared to the expected increase of 7.1 percent.

About 128,000 working days were lost because of labor disputes in May, marking the lowest since July 2022, data showed.

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**InstaForex Gertrude** · 12-07-23, 10:39

SOUTH KOREA JOBLESS RATE RISES UNEXPECTEDLY TO 2.6%

South Korea's unemployment rate increased unexpectedly in June, though marginally, data from Statistics Korea showed on Wednesday.

The unemployment rate rose to a seasonally adjusted 2.6 percent in June from 2.5 percent in May. Meanwhile, economists had expected the rate to remain stable at 2.5 percent.

In the same month last year, the unemployment rate was 2.9 percent.

On an unadjusted basis, the jobless rate held steady at 2.7 percent at the end of the second quarter.

The number of unemployed people rose to 807,000 in June from 787,000 in the previous month.

At the same time, the number of employed people increased by 33,000 year-on-year to 28.812 million in June.

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**InstaForex Gertrude** · 13-07-23, 08:00

U.S. DOLLAR FALLS AGAINST MAJORS

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

The U.S. dollar fell to an 8-1/2 year low of 0.8651 against the Swiss franc and nearly a 2-month low of 138.07 against the yen, from yesterday's closing quotes of 0.8669 and 138.49, respectively.

Against the euro and the pound, the greenback dropped to near 1-1/2-year lows of 1.1149 and 1.3019 from yesterday's closing quotes of 1.1130 and 1.2987, respectively.

The greenback edged down to 1.3166 against the Canadian dollar, from Wednesday's closing value of 1.3186.

If the greenback extends its downtrend, it is likely to find support around 0.84 against the franc, 133.00 against the yen, 1.13 against the euro, 1.33 against the pound and 1.29 against the loonie.

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**InstaForex Gertrude** · 14-07-23, 08:21

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE FOREIGN TRADE DATA DUE

Foreign trade from the euro area is the top economic news due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for June. Economists forecast wholesale prices to drop 1.2 percent annually after a 2.6 percent decrease in May.

In the meantime, consumer prices from Sweden and foreign trade data from Norway are due. Sweden's inflation is expected to slow to 9.1 percent in June from 9.7 percent in May.

Half an hour later, the Federal Statistical Office releases Swiss producer and import prices for June. Producer and import prices are forecast to fall 1.2 percent annually after easing 0.3 percent in May.

At 4.00 am ET, external trade data is due from Italy. The trade surplus is expected to rise to EUR 1.45 billion in May from EUR 0.3 billion in April.

At 5.00 am ET, Eurostat is scheduled to issue euro area foreign trade data for May. The trade deficit is seen at EUR 7.6 billion compared to a EUR 11.7 billion shortfall a month ago.

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**InstaForex Gertrude** · 17-07-23, 06:43

AUSTRALIAN DOLLAR FALLS AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Monday.

The Australian dollar fell to a 5-day low of 1.6493 against the euro, from Friday's closing value of 1.6411.

Against the U.S. dollar and the yen, the aussie slipped to 4-day lows of 0.6806 and 94.36 from last week's closing quotes of 0.6836 and 94.86, respectively.

The aussie edged down to 0.9001 against the Canadian dollar, from last week's closing value of 0.9032.

Moving away from an early high of 1.0750 against the NZ dollar, the aussie slipped to 1.0724.

If the aussie extends its downtrend, it is likely to find support around 1.68 against the euro, 0.65 against the greenback, 91.00 against the yen, 0.88 against the loonie and 1.05 against the kiwi.

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**InstaForex Gertrude** · 18-07-23, 11:38

BTC update for July 18,.2023 - Key support cluster on the test

Technical analysis:

BTC/USD has been trading downside and the key support cluster at the price of $30.000 is on the test. I see 2 scenarios that can be in the play.

In case of the rejection of the support zone at $29.600, I see potential for the rally towards upper extreme of the trading range at $31.400

In case of the downside breakout of the support zone at $29.600, I see potential for the further drop towards $28.000

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**InstaForex Gertrude** · 19-07-23, 07:14

NEW ZEALAND INFLATION CLIMBS 6.0% ON YEAR IN Q2

New Zealand's consumer prices rose 6.0 percent on year in the second quarter of 2023, Statistics New Zealand said on Wednesday.

That exceeded expectations for an increase of 5.9 percent and was down from 6.7 percent in the previous three months.

On a seasonally adjusted quarterly basis, inflation rose 1.1 percent - again topping forecasts for 1.0 percent and easing from 1.2 percent in the three months prior.

The quarterly tradeable inflation rate was 0.8 percent and the non-tradeable inflation rate was 1.3 percent.

The annual tradeable inflation rate was 5.2 percent and the non-tradeable inflation rate was 6.6 percent.

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**InstaForex Gertrude** · 20-07-23, 06:57

JAPAN TRADE SURPLUS Y43.05 BILLION IN JUNE

Japan posted a merchandise trade surplus of 43.048 billion yen in June, the Ministry of Finance said on Thursday.

That beat forecasts for a deficit of 46.7 billion following the downwardly revised 1,381.9 billion yen shortfall in May (originally -1,372.5 billion yen).

Exports rose 1.5 percent on year to 8.744 trillion yen, missed expectations for an increase of 2.2 percent following the 0.6 percent gain in the previous month.

Imports slumped an annual 12.9 percent to 8.701 trillion yen versus expectations for a decline of 11.3 percent following the upwardly revised 9.8 percent gain a month earlier (originally -9.9 percent).

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**InstaForex Gertrude** · 28-07-23, 07:22

EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY GDP, INFLATION DATA DUE

Quarterly national accounts and flash inflation data from Germany, France and Spain are due on Friday, headlining a hectic day for the European economic news. At 1.30 am ET, the French statistical office INSEE is slated to issue quarterly GDP and household consumption data. The economy is forecast to grow 0.1 percent in the second quarter after rising 0.2 percent a quarter ago.

At 2.00 am ET, retail sales and household consumption from Norway, and GDP, retail sales and unemployment figures from Sweden are due.

At 2.45 am ET, flash inflation data is due from France. Economists forecast consumer price inflation to ease to 4.3 percent in July from 4.5 percent in June.

At 3.00 am ET, flash GDP and inflation figures are due from Spain. The economy is expected to grow 0.4 percent in the second quarter after rising 0.6 percent in the first quarter. Consumer price inflation is seen at 1.6 percent in July compared to 1.9 percent in June.

At 4.00 am ET, Destatis is slated to release Germany's flash GDP data. Economists forecast the economy to grow 0.1 percent in the second quarter after a 0.3 percent drop in the preceding period.

In the meantime, producer prices from Italy and consumer prices from Poland are due. At 5.00 am ET, the European Commission publishes euro area economic sentiment survey results. The economic confidence index is expected to drop to 95.0 in July from 95.3 in June.

At 8.00 am ET, Destatis publishes Germany's flash inflation data for July. Economists expect consumer price inflation to slow to 6.2 percent from 6.4 percent in June.

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