Forex News from InstaForex

**InstaForex Gertrude** · 04-01-17, 04:44

Japan Manufacturing Sector Picks Up Steam - Nikkei

The manufacturing sector in Japan continued to expand in December and at a faster rate, the latest survey from Nikkei revealed on Wednesday with a manufacturing PMI score of 52.4.

That's up from 51.3 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, operating conditions improved at the sharpest rate since December 2015. Production and new orders both expanded at their quickest rates of the year.

In addition, cost inflationary pressures accelerated to a 17-month high.

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**InstaForex Gertrude** · 05-01-17, 03:20

Singapore Private Sector PMI Slows In December - Nikkei

The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from Nikkei revealed on Thursday with a PMI score of 52.0.

That's down from 52.8 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, expansion in both output and total new orders continued at slower rates, although employment climbed at a survey record pace.

December also saw the largest recorded monthly increase in changes amid rising costs.

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**InstaForex Gertrude** · 10-01-17, 03:11

China CPI Rises 2.1% In December

Consumer prices in China were up 2.1 percent on year in December, the National Bureau of Statistics said on Tuesday.

That was shy of expectations for 2.2 percent, and down from 2.3 percent in November.

On a monthly basis, inflation added 0.2 percent after gaining 0.1 percent a month earlier.

The bureau also said that producer prices jumped an annual 5.5 percent versus expectations for 4.6 percent and up from 3.3 percent in the previous month.

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**InstaForex Gertrude** · 12-01-17, 02:20

Japan Has Y1.415 Trillion Current Account Surplus

Japan had a current account surplus of 1.415 trillion yen in November, the Ministry of Finance said on Thursday - up 28.0 percent on year.

The headline figure was shy of expectations for a surplus of 1.460 trillion yen and down from 1.719 trillion yen in October.

The trade balance showed surplus of 313.4 billion yen - exceeding forecasts for 254.4 billion yen and down from 587.6 billion yen in the previous month.

Exports were down 0.8 percent on year to 5.890 trillion yen, while imports tumbled 10.7 percent to 5.577 trillion yen.

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**InstaForex Gertrude** · 13-01-17, 04:01

Yen Falls Against Majors

The Japanese yen weakened against the other major currencies in the Asian session on Friday.

The yen fell to 122.14 against the euro, 139.93 against the pound and 113.85 against the Swiss franc, from yesterday's closing quotes of 121.72, 139.45 and 113.42, respectively.

Against the U.S. and the Canadian dollars, the yen dropped to 115.11 and 87.54 from yesterday's closing quotes of 114.71 and 87.25, respectively.

If the yen extends its downtrend, it is likely to find support around 124.00 against the euro, 146.00 against the pound, 115.00 against the franc, 119.00 against the greenback and 89.00 against the loonie.

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**InstaForex Gertrude** · 16-01-17, 03:25

Fxwirepro: Usd/jpy Trades in Narrow Range After Japan’s Core Machinery Orders, Ppi Data

USD/JPY is currently trading around 114.33 marks.
It made intraday high at 114.45 and low at 114.09 levels.
Intraday bias remains neutral till the time pair holds key support at 114.00 levels.
A daily close above 115.50 will take the parity higher towards key resistances around 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 113.98 will drag the parity down towards key supports around 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s November machinery orders m/m decreases to -5.1 % (forecast -1.7 %) vs previous 4.1 %. Japan’s November machinery orders y/y increases to 10.4 % (forecast 8.1 %) vs previous -5.6 %. Japan’s December corporate goods price m/m increases to 0.6 % (forecast 0.3 %) vs previous 0.4 %.

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**InstaForex Gertrude** · 17-01-17, 03:31

Australia Home Loans Advance 0.9% In November

The total number of new home loans in Australia issued in November climbed a seasonally adjusted 0.9 percent on month, the Australian Bureau said on Tuesday - standing at 54,603.

That beat forecasts for a flat reading following the 0.8 percent decline in October.

Loans for the purchase of established dwellings gained 0.6 percent to A$46.139 billion, while loans for the purchase of new dwellings jumped 3.3 percent to A$2.755 billion and loans for the construction of new dwellings gained 2.3 percent to A$5.710 billion.

The number of first home buyer commitments jumped 13.4 percent to 8,281 in November from 7,302 in October. The number of first home buyers as a percentage of total owner occupier commitments rose from 13.7 percent to 13.8 percent.

The value of loans was up 0.4 percent on month to A$19.930 billion after sliding 0.8 percent in the previous month.

Investment lending advanced 4.9 percent to A$13.269 billion after gaining 0.7 percent a month earlier.

The total value of dwelling finance commitments excluding alterations and additions gained 2.2 percent to A$33.199 billion.

Also on Tuesday, the ABS said that the total number of new motor vehicle sales in Australia was up a seasonally adjusted 0.3 percent on month in December, standing at 97,305. That follows the 0.6 percent decline in November.

By category, sales for passenger vehicles shed 0.2 percent on month, while and Sports utility vehicles fell 1.0 percent and sales for other vehicles gained 0.3 percent.

By region, sales fell 1.4 percent on month in Western Australia and advanced 1.7 percent in the Australian Capital Territory.

On a yearly basis, new car sales were up 0.2 percent after slipping 1.1 percent in the previous month.

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**InstaForex Gertrude** · 18-01-17, 03:52

Fxwirepro: Eur/krw Hits Fresh 4-Week Low at 1,239, Upside Limited

EUR/KRW is currently trading around 1,246 mark.
Pair made intraday high at 1,246 and low at 1,239 levels.
Intraday bias remains neutral till the time pair holds immediate resistance at 1,257 mark.
A consistent close below 1,241 will drag the parity down towards key supports around 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Alternatively, a sustained close above 1,241 will take the parity higher towards key resistances around 1,257, 1,262, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open up 0.09 pct at 2073.77.
We prefer to take short position on EUR/KRW around 1,248, stop loss at 1,257 and target of 1,239/1,232.

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**InstaForex Gertrude** · 20-01-17, 04:31

Fxwirepro: Aud/jpy Breaks Channel Top, Intraday Bias Higher, Stay Long

AUD/JPY has broken major channel top resistance at 86.60, intraday bias higher.
Momentum with the bulls, RSI strong at 67 levels with further room to run.
Stochs and MACD suggest further upside, with directional support from ADX.
87.53 (Dec 15 high) is next target for bulls. Break higher could see test of 87.64 (50% Fib retrace of 102.844 to 72.437 fall) and then 89.89 (weekly 200-MA).
Support levels - 86.06 (5-DMA), 85.19 (converged trendline and 20-DMA), 84.63 (50-DMA) Resistance levels - 87.53 (Dec 15 high), 87.64 (50% Fib), 88.20 (Dec 31 high)

Call update:
Our previous call (http://www.econotimes.com/FxWirePro-...g-setup-495949) has hit TP1&2.

Recommendation:
Book partial profits at highs. Raise trailing stops to 86, hold for further upside.

FxWirePro Currency Strength Index:
FxWirePro's Hourly AUD Spot Index was at 13.4926 (Neutral), while Hourly JPY Spot Index was at -118.345 (Highly Bearish) at 0150 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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**InstaForex Gertrude** · 23-01-17, 03:14

Fxwirepro: Thai Baht Gains in Early Hours of Asia, Faces Strong Support at 35.27

USD/THB is currently trading around 35.32 marks.
It made intraday high at 35.41 and low at 35.31 marks.
Intraday bias remains bearish till the time pair holds key resistance at 35.44 marks.
On the top side key resistances are seen at 35.44, 35.61, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.
Alternatively, a daily close below 35.27 will drag the parity down towards key supports around 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position in USD/THB around 35.35, stop loss 35.44 and target of 35.22/35.04.

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**InstaForex Gertrude** · 24-01-17, 03:37

Fxwirepro: Japanese Yen Marginally Lower Despite Higher Than expected Manufacturing Pmi Data

USD/JPY is currently trading around 112.80 marks.
It made intraday high at 112.93 and low at 112.52 levels.
Intraday bias remains neutral till the time pair holds key support at 112.57 levels.
A daily close above 112.57 will take the parity higher towards key resistances around 114.42, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 112.57 will drag the parity down towards key supports around 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively. Japan’s Nikkei manufacturing PMI increases to 52.8 vs previous 52.4.
Japan’s January new export orders rise at quickest pace in over a year

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**InstaForex Gertrude** · 01-02-17, 03:55

China Manufacturing PMI Slips To 51.3 In January

The manufacturing sector in China continued to expand in January, albeit at a slightly slower pace, the National Bureau of Statistics said on Wednesday with a manufacturing PMI score of 51.3.

That exceeded expectations for 51.2, although it was down from 51.4 in December.

The bureau also said that its non-manufacturing PMI came in at 54.6 in January, in line with forecasts and up from 54.5 in the previous month.

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**InstaForex Gertrude** · 03-02-17, 08:45

Technical analysis of EUR/USD for Feb 03, 2017

When the European market opens, some Economic Data will be released, such as Retail Sales m/m, Italian Prelim CPI m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the economic data, too, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m, so, amid the reports, EUR/USD will move in a medium to high volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0813.
Strong Resistance:1.0806.
Original Resistance: 1.0796.
Inner Sell Area: 1.0786.
Target Inner Area: 1.0761.
Inner Buy Area: 1.0736.
Original Support: 1.0726.
Strong Support: 1.0716.
Breakout SELL Level: 1.0709.

More analysis - at instaforex.com

**InstaForex Gertrude** · 06-02-17, 02:31

Australia Retail Sales Dip 0.1% In December

The total value of retail sales in Australia was down a seasonally adjusted 0.1 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at A$25.611 billion.

That missed forecasts for an increase of 0.3 percent following the downwardly revised 0.1 percent gain in November (originally 0.2 percent).

For the fourth quarter of 2016, retail sales advanced 0.9 percent on quarter to A$74.985 billion.

That was in line with expectations following the 0.1 percent contraction in the three months prior.

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**InstaForex Gertrude** · 07-02-17, 04:00

Fxwirepro: Aussie falls Against Major Peers in Early Hours of Asia ahead of Rba’s Cash Rate Decision

AUD/NZD is currently trading around 1.0442 marks.

Pair made intraday high at 1.0465 and low at 1.0439 marks.

Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1.0507 marks.

A consistent close below 1.0458 will take the parity down towards key supports around 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.

On the other side, a sustained close above 1.0458 will drag the parity higher towards key resistances at 1.0507/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.

Australia’s January AIG construction index increases to 47.7 vs previous 47.0.

RBA will release cash rate decision and monetary policy statements at 0330 GMT.

News are provided by InstaForex

**InstaForex Gertrude** · 08-02-17, 03:29

Fxwirepro: South Korean Won Erases Previous Gain Against Euro, Faces Strong Resistance at 1,227

EUR/KRW is currently trading around 1,223 mark.

Pair made intraday high at 1,224 and low at 1,218 levels.

Intraday bias remains slightly bullish till the time pair holds immediate support at 1,217 mark.

A consistent close below 1,218 will drag the parity down towards key supports around 1,210, 1,203, 1,199 and 1,163 marks respectively.

Alternatively, a sustained close above 1,218 will take the parity higher towards key resistances around 1,227, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.

Seoul shares open down 0.13 pct at 2072.58.

We prefer to take long position in EUR/KRW only above 1,227, stop loss at 1,218 and target of 1,235/1,242.

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**InstaForex Gertrude** · 09-02-17, 05:23

Fxwirepro: Japanese Yen Marginally Lower Despite Higher Than expected Core Machinery Orders Data

USD/JPY is currently trading around 112.11 marks.

It made intraday high at 112.13 and low at 111.73 levels.

Intraday bias remains neutral for the moment.

A daily close above 111.93 will take the parity higher towards key resistances around 112.54, 113.48, 113.96, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.

On the other side, a sustained close below 111.93 will drag the parity down towards key supports around 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.

Japan’s December machinery orders m/m increases to 6.7 % (forecast 3.1 %) vs previous -5.1 %.

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**InstaForex Gertrude** · 13-02-17, 05:19

Japan GDP Adds 0.2% On Quarter In Q4

Gross domestic product in Japan gained 0.2 percent on quarter in the fourth quarter of 2016, the Cabinet Office said on Monday.

That missed expectations for an increase of 0.3 percent, which would have been unchanged from the previous three months.

On a yearly basis, GDP gained 1.0 percent - also missing forecasts for 1.1 percent and down from 1.4 percent in the third quarter.

Nominal GDP was up 0.3 percent on quarter, shy of expectations for 0.5 percent and up from 0.2 percent in the three months prior.

The GDP deflator eased 0.1 percent on year - unchanged from the third quarter but beating estimates for a decline of 0.2 percent.

Private consumption was flat on quarter, matching forecasts and down from 0.3 percent in Q3. Business spending was up 0.9 percent on quarter, missing forecasts for 12 percent following the 0.3 percent decline in the previous three months.

Net exports, or shipments minus imports, added 0.2 percentage points to GDP.

The Japanese economy has expanded in four straight quarters, the first such streak in more than three years.

News are provided by InstaForex

**InstaForex Gertrude** · 13-02-17, 05:25

Japan GDP Adds 0.2% On Quarter In Q4

Gross domestic product in Japan gained 0.2 percent on quarter in the fourth quarter of 2016, the Cabinet Office said on Monday.

That missed expectations for an increase of 0.3 percent, which would have been unchanged from the previous three months.

On a yearly basis, GDP gained 1.0 percent - also missing forecasts for 1.1 percent and down from 1.4 percent in the third quarter.

Nominal GDP was up 0.3 percent on quarter, shy of expectations for 0.5 percent and up from 0.2 percent in the three months prior.

The GDP deflator eased 0.1 percent on year - unchanged from the third quarter but beating estimates for a decline of 0.2 percent.

Private consumption was flat on quarter, matching forecasts and down from 0.3 percent in Q3. Business spending was up 0.9 percent on quarter, missing forecasts for 12 percent following the 0.3 percent decline in the previous three months.

Net exports, or shipments minus imports, added 0.2 percentage points to GDP.

The Japanese economy has expanded in four straight quarters, the first such streak in more than three years.

News are provided by InstaForex

**InstaForex Gertrude** · 16-02-17, 03:41

Australia January Unemployment Rate Dips To 5.7%

The jobless rate in Australia came in at a seasonally adjusted 5.7 percent in January, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 5.8 percent, which would have been unchanged from the December reading.

The Australian economy added 13,500 jobs in January to 11,998,200, beating forecasts for 10,000 after collecting 13,500 jobs in the previous month.

Full-time employment decreased 44,800 to 8,125,700 and part-time employment increased 58,300 to 3,872,500.

"We are still seeing strong growth in part-time employment in January 2017, and in recent months, increasing growth in full-time employment," said the General Manager of ABS' Macroeconomic Statistics Division, Bruce Hockman.

The participation rate slipped to 64.6 percent, shy of expectations for 64.7 percent, which would have been unchanged.

Unemployment decreased 19,300 to 720,200. The number of unemployed persons looking for full-time work decreased 16,000 to 511,000 and the number of unemployed persons only looking for part-time work decreased 3,300 to 209,200.

Monthly hours worked in all jobs increased 10.2 million hours to 1,682.7 million hours.

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