Forex News from InstaForex

**InstaForex Gertrude** · 03-12-14, 04:24

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** · 04-12-14, 03:21

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** · 05-12-14, 03:20

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** · 09-12-14, 04:12

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** · 10-12-14, 02:59

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** · 11-12-14, 02:40

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** · 12-12-14, 04:20

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** · 15-12-14, 03:15

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** · 16-12-14, 05:54

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** · 17-12-14, 02:29

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** · 18-12-14, 03:46

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

**InstaForex Gertrude** · 19-12-14, 03:04

Flows Suggest Short-Term Jpy-Krw Rebound

Standard Chartered TF analysis shows bullish flow signal for MYR and KRW suggesting JPY-KRW rebound: G10: Corporates turned small sellers of USD vs. EUR in November; custodians reduced USD-JPY buying Asia: SCTF Aggregate Position Index shows that our clients reduced shorts in USD-KRW and USD-TWD Africa: SCTF Corporate Position Index shows that our clients increased USD-NGN longs

News are provided by InstaForex

**InstaForex Gertrude** · 22-12-14, 03:02

Usd/idr Likely Rangebound Amid 12430-480

Lower NDFs to weigh on pair but bullish majors pairs to underpin Natural demand for USD onshore, corp int add to support too NDFs traded 12525-12540 range overnight, closed 12520-550 in NY

News are provided by
InstaForex.

**InstaForex Gertrude** · 23-12-14, 03:09

Usd/idr to Trade Firmer Bias Above 12450 on renewed Ndfs Buying

Broad USD gains overnight, renewed fall in commodities underpin Unfinished yearend demand from corps to add to support 1 month traded 12530-12560 range overnight, closed 12550-12570 in NY

[I]News are provided by
InstaForex.[/

**InstaForex Gertrude** · 05-01-15, 03:35

Euro Area: Further Evidence of Low Inflation

In terms of data, this week will provide further evidence of our lowflation scenario, notes Societe Generale Research: With lower fuel prices, HICP inflation is set to print three ticks lower at just 0.0% yoy. Risks are tilted to the downside and the HICP is set to slide into negative territory in the coming months. Meanwhile, core inflation should marginally increase from 0.7% yoy to 0.8% yoy. Despite the positives arising from the lower euro and weaker oil prices, PMIs and the EC surveys should continue to point to low growth and inflation. December final euro-area PMIs are likely to be unchanged from the flash estimate in the services sector, with meaningful improvements expected both in Spain and Italy. Industrial production in November is set to continue to reflect a weak and uneven recovery across the region, with German output probably down by 0.4% momand French output probably rising by 0.7% mom.

News are provided by InstaForex

**InstaForex Gertrude** · 06-01-15, 03:15

Greek Election Raises the Stakes for ECB Qe

Greek elections scheduled for 25 January complicate an already difficult debate over whether, when and how to do sovereign quantitative easing (QE) in the euro area.The European Central Bank (ECB) is "in technical preparations to adjust the size, speed and composition" of policy easing measures "should it become necessary to react to a too-long period of low inflation," according to President Draghi, and an imminent slide into negative inflation suggests now is the time to act. Standard Chartered research notes: Euro-area inflation is set to turn negative, raising the need for sovereign QE Greek default threats look overdone, but designing QE has become more complicated EUR/USD remains vulnerable to diverging US/euro-area policy and political uncertainty. A looser ECB stance and near-term political jitters are likely to further undermine EUR/USD. The US dollar (USD) finished 2014 near its highs for the year, but the consensus on the USD is still bullish and investors remain long. In our view, the USD has room to rally further, benefiting from US economic outperformance and anticipated FOMC policy tightening. Reflecting the divergence in the outlook for US and euro-area policy, on 5 January we lowered our EUR/USD forecasts for 2015 as follows: Q1: to 1.17 (from 1.22); Q2: 1.15 (1.20); Q3: 1.17 (1.22); and Q4: 1.18 (1.24).

News are provided by
InstaForex.

**InstaForex Gertrude** · 07-01-15, 03:03

UK Shop Prices Drop 1.7% In December - BRC

Retail prices in the United Kingdom were down a seasonally adjusted 1.7 percent on year in December, the British Retail Consortium said on Wednesday. That beat forecasts for a decline of 1.8 percent following the 1.9 percent fall in November. Food prices were up 0.1 percent after falling 0.2 percent in November - the first such decline in the history of the series. Non-food prices dropped 2.8 percent in December after falling 2.9 percent in November. Shop prices were down every month in 2014, and have declined in 20 consecutive months overall. "A number of key commodities in the retail supply chain, in particular oil, have fallen dramatically recently and the impact of these falls will continue to make its way through to shop prices for some time to come," said Helen Dickinson, BRC director general.

News are provided by InstaForex

**InstaForex Gertrude** · 08-01-15, 04:50

Gold inched Higher on Thursday Along With An Uptick in Oil Prices, capped by Strong Usd and US Data

Spot gold edged up 0.2 percent to $1,212.63 an ounce by 0045 GMT. The metal fell 0.7 percent in the previous session, ending a three-day winning streak. Prices had climbed to a three-week high on global equities concerns over a Greece exit of the euro zone if a left-wing party that wants to cancel austerity measures wins the Jan. 25 elections. But gold lost some ground on Wednesday as stocks edged up after recent sharp losses and as minutes from the Federal Reserve's policy meeting in December showed the U.S. central bank maintaining the status quo on interest rates. Data on Wednesday also showed the U.S. trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill, prompting economists to sharply raise their growth estimates for fourth-quarter growth. Traders were eyeing U.S. payrolls data due later this week for clues about the economy and its potential impact on the Fed's monetary policy. A robust economy could prompt the Fed to raise interest rates soon, dulling demand for non-interest-bearing bullion. For now, investors were eyeing moves in oil prices, which slumped to five-year lows earlier this week. U.S. crude stayed above $48 a barrel on Thursday, holding on to gains in the previous session following an unexpected drop in crude inventories and a positive economic outlook at the world's largest oil consumer the United States.

News are provided by InstaForex

**InstaForex Gertrude** · 09-01-15, 03:29

Risk Rally Extends Showing mixed Results in Fx

The rebound in risk sentiment extended through the North American session, with US equities up 1.8% and US 10yr yields back above 2.00%. Commodity prices have been stable. The more positive risk tone is partly reflected in FX market, with JPY underperforming (USDJPY testing 120) and NOK, AUD, NZD outperforming, although better domestic data in those regions in recent days have helped. EUR continues to be heavy with EURUSD making new lows and now near 9-year low. Draghi remarks that ECB measures may include sovereign-bond buying got quite a few headlines, although is not surprising at this point

News are provided by InstaForex

**InstaForex Gertrude** · 12-01-15, 05:05

Usd/krw marked Lower in Opening Trades Below 1085
Next line of support is the 17 December 2014 low at 1080.7
JPY/KRW as a consequence down to 9.15; JPY strength simply not enough
Broad although modest US Dollar weakness this morning - DXY down 0.2%
Kospi not keen to follow the Wall Street lead - down just 0.2% early

News are provided byInstaForex