Forex News from InstaForex

**InstaForex Gertrude** · 06-11-23, 07:57

YEN FALLS AGAINST MAJORS

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

The yen fell to a 2-month low of 185.21 against the pound, from Friday's closing value of 184.86.

Against the euro and the Swiss fran, the yen slipped to 6-day lows of 160.68 and 166.76 from last week's closing quotes of 160.26 and 166.11, respectively.

The yen edged down to 149.68 against the U.S. dollar, from Friday's closing value of 149.37.

Against the Australia, the New Zealand and the Canadian dollars, the yen slipped to nearly a 5-month low of 97.51, nearly a 4-week low of 89.70 and nearly a 3-week low of 109.66 from last week's closing quotes of 97.27, 89.58 and 109.35, respectively.

If the yen extends its downtrend, it is likely to find support around 186.00 against the pound, 162.00 against the euro, 169.00 against the franc, 152.00 against the greenback, 98.00 against the aussie, 91.00 against the kiwi and 111.00 against the loonie.

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**InstaForex Gertrude** · 09-11-23, 06:50

NZ DOLLAR RISES AGAINST MAJORS

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

The NZ dollar rose to a 2-day high of 1.0814 against the Australian dollar, from yesterday's closing value of 1.0823.

Against the U.S. dollar and the euro, the kiwi advanced to 0.5930 and 1.8062 from Wednesday's closing quotes of 0.5910 and 1.8104, respectively.

Moving away from a recent 2-day low of 89.13 against the yen, the kiwi edged up to 89.49.

If the kiwi extends its uptrend, it is likely to find resistance around 1.06 against the aussie, 0.60 against the greenback, 1.77 against the euro and 89.13 against the yen.

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**InstaForex Gertrude** · 10-11-23, 06:28

AUSTRALIAN DOLLAR FALLS AGAINST MAJORS

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

The Australian dollar fell to 9-day lows of 0.6352 against the U.S. dollar and 96.12 against the yen, from yesterday's closing quotes of 0.6366 and 96.34, respectively.

Against the euro and the Canadian dollar, the aussie slid to more than a 2-week low of 1.6791 and nearly a 2-week low of 0.8771 from Thursday's closing quotes of 1.6754 and 0.8789, respectively.

The aussie edged down to 1.0784 against the NZ dollar, from yesterday's closing value of 1.0801.

If the aussie extends its downtrend, it is likely to find support around 0.62 against the greenback, 94.00 against the yen, 1.69 against the euro, 0.85 against the loonie and 1.06 against the kiwi.

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**InstaForex Gertrude** · 13-11-23, 05:39

YEN SLIDES AGAINST MAJORS

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

The yen slid to more than a 15-year low of 162.08 against the euro and nearly a 2-week low of 151.70 against the U.S. dollar, from Friday's closing quotes of 161.82 and 151.50, respectively.

Against the pound, the yen dropped to 4-day lows of 185.55 and 96.50 from last week's closing quotes of 185.16 and 96.41, respectively.

The yen edged down to 168.11 against the Swiss franc, from Friday's closing value of 167.76.

Against the New Zealand and the Canadian dollars, the yen dropped to 89.39 and 109.83 from last week's closing quotes of 89.28 and 109.76, respectively.

If the yen extends its downtrend, it is likely to find support around 163.00 against the euro, 152.00 against the greenback, 187.00 against the pound, 98.00 against the aussie, 169.00 against the franc, 90.00 against the kiwi and 111.00 against the loonie.

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**InstaForex Gertrude** · 14-11-23, 06:57

EUROPEAN ECONOMIC NEWS PREVIEW: UK LABOR MARKET DATA DUE

The labor market statistics from the UK and economic sentiment survey results from Germany are the top economic news due on Tuesday.

At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.3 percent in three months to September from 4.2 percent in the preceding period.

Consumer price data from Sweden is due at 2.00 am. Inflation is forecast to rise to 6.7 percent in October from 6.5 percent in September.

At 2.30 am ET, the Federal Statistical Office is set to issue Swiss producer prices for October. Economists forecast producer prices to rise 0.1 percent on month, in contrast to the 0.1 percent fall in September.

At 3.00 am ET, Spain's INE issues final consumer and harmonized prices for October. The flash estimate showed that consumer price inflation held steady at 3.5 percent.

At 5.00 am ET, Eurostat is slated to issue euro area flash GDP and employment for the third quarter. The preliminary flash estimate showed that GDP registered a quarterly contraction of 0.1 percent, in contrast to the 0.2 percent expansion in the second quarter.

In the meantime, Germany ZEW economic confidence survey data is due. The sentiment index is seen at 5.0 in November versus -1.1 in October.

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**InstaForex Gertrude** · 15-11-23, 06:38

NZ DOLLAR RISES AGAINST MAJORS

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

The NZ dollar rose to an 8-1/2-year high of 90.72 against the yen and nearly a 5-week high of 0.6023 against the U.S. dollar, from yesterday's closing quotes of 90.35 and 0.6004, respectively.

Against the euro and the Australian dollar, the kiwi advanced to a 6-day high of 1.8064 and a 2-day high of 1.0798 from yesterday's closing quotes of 1.8117 and 1.0823, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 92.00 against the yen, 0.61 against the greenback, 1.78 against the euro and 1.06 against the aussie.

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**InstaForex Gertrude** · 16-11-23, 08:01

CANADIAN DOLLAR DROPS AGAINST MOST MAJORS

The Canadian dollar weakened against most major currencies in the Asian session on Thursday.

The Canadian dollar fell to a 2-day low of 1.3713 against the U.S. dollar, from yesterday's closing value of 1.3684.

Against the yen and the euro, the loonie dropped to 110.31 and 1.4861 from Wednesday's closing quotes of 110.50 and 1.4852, respectively.

If the loonie extends its downtrend, it is likely to find support 1.38 around against the greenback, 108.00 against the yen and 1.49 against the euro.

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**InstaForex Gertrude** · 17-11-23, 05:08

MALAYSIA GDP DATA DUE ON FRIDAY

Malaysia will on Friday release Q3 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity.

GDP is expected to expand 3.3 percent on year, up from 2.9 percent in the three months prior.

Singapore will provide October numbers for non-oil domestic exports; in September, exports were up 11.1 percent on month and down 13.2 percent on year.

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**InstaForex Gertrude** · 21-11-23, 07:06

U.S. DOLLAR FALLS AGAINST MAJORS

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

The U.S. dollar fell to nearly a 3-1/2-month low of 1.0966 against the euro, from yesterday's closing value of 1.0938.

Against the pound and the yen, the greenback dropped to near 2-1/2-month lows of 1.2541 and 147.24 from yesterday's closing quotes of 1.2504 and 148.36, respectively.

The greenback edged down to 0.8827 against the Swiss franc, from Monday's closing value of 0.8848.

Against the Australia and the New Zealand dollars, the greenback slid to near 3-1/2-month lows of 0.6587 and 0.6075 from yesterday's closing quotes of 0.6556 and 0.6036, respectively.

The greenback dropped to 1.3705 against the Canadian dollar, from Monday's closing value of 1.3724.

If the greenback extends its downtrend, it is likely to find support around 1.12 against the euro, 1.27 against the pound, 145.00 against the yen, 0.86 against the franc, 0.67 against the aussie, 0.61 against the kiwi and 1.34 against the loonie.

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**InstaForex Gertrude** · 22-11-23, 08:54

DENMARK CONSUMER CONFIDENCE REMAINS NEGATIVE

Danish consumers expressed a pessimistic approach in November, despite their confidence having improved slightly from October, figures from Statistics Denmark showed on Wednesday.

The consumer confidence index rose to -10.3 in November from -11.2 in the previous month.

The slight improvement in November was mainly attributed to the strengthening of the assessment of the family's current financial situation, the expectation of the family's future financial situation, and the desire to buy, the survey said.

Consumers' views towards their own financial situation in the next twelve months remained positive in November, and they rose to 5.2 from 2.5.

However, opinion regarding the general economic situation of the country over the next year worsened to -5.8 in November from -4.6 a month ago.

Households expect prices to rise more slowly over the next twelve months, and they also expect a rising trend for unemployment, the survey said.

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**InstaForex Gertrude** · 23-11-23, 05:24

NZ DOLLAR RISES AGAINST MAJORS

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

The NZ dollar rose to a 1-week high of 90.28 against the yen and a 2-day high of 1.8005 against the euro, from yesterday's closing quotes of 89.99 and 1.8084, respectively.

Against the U.S. and the Australian dollars, the kiwi edged up to 0.6054 and 1.0829 from Wednesday's closing quotes of 0.6021 and 1.0866, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 92.00 against the yen, 1.78 against the euro, 0.57 against the greenback and 1.06 against the aussie.

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**InstaForex Gertrude** · 27-11-23, 06:28

CHINA INDUSTRIAL PROFITS CONTINUE TO RISE

China industrial profits continued to increase in October albeit at a slower pace, the National Bureau of Statistics said Monday. Industrial profits grew 2.7 percent on a yearly basis in October. The pace of increase slowed notably from the 11.9 percent rise posted in September.

During January to October, industrial profits decreased 7.8 percent from the same period last year. Nonetheless, this was slightly slower than the 9 percent decline seen in the first nine months of the year, data showed.

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**InstaForex Gertrude** · 29-11-23, 06:15

NZ DOLLAR RISES AGAINST MAJORS

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

The NZ dollar rose to nearly a 4-month high of 0.6209 against the U.S. dollar, from yesterday's closing value of 0.6136.

The kiwi advanced to nearly a 2-week high of 91.22 against the yen, from a recent 6-day low of 90.23.

Against the euro and the Australian dollar, the kiwi climbed to 1-1/2-month highs of 1.7742 and 1.0729 from yesterday's closing quotes of 1.7908 and 1.0833, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 0.64 against the greenback, 92.00 against the yen, 1.74 against the euro and 1.06 against the aussie.

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**InstaForex Gertrude** · 30-11-23, 07:30

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE INFLATION DATA DUE

Flash inflation from the euro area and unemployment from Germany are the top economic news due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for October. Sales are forecast to fall 1.9 percent annually after easing 4.3 percent a month ago.

At 2.45 am ET, France's statistical office INSEE publishes flash consumer prices, GDP, household consumption and producer prices. The statistical office is expected to confirm 0.1 percent sequential growth for the third quarter. Harmonized inflation is seen at 4.1 percent in November compared to 4.5 percent in October.

At 3.00 am ET, Switzerland's KOF leading index is due. Economists forecast the leading index to rise to 96.6 in November from 95.8 in October.

At 3.55 am ET, Germany's Federal Labour Agency is scheduled to release unemployment data for November. The number of unemployed is forecast to increase 22,000 after rising 30,000 in October.

At 4.00 am ET, Italy's ISTAT publishes unemployment data for October. The jobless rate is seen at 7.5 percent compared to 7.4 percent in September.

In the meantime, consumer prices and revised GDP figures are due from Poland.

At 5.00 am ET, Eurostat is set to issue euro area flash inflation and unemployment data. Inflation is expected to ease to 2.7 percent in November from 2.9 percent in October. The euro area jobless rate is seen unchanged at 6.5 percent in October.

Also, preliminary inflation figures are due from Italy.

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**InstaForex Gertrude** · 01-12-23, 05:32

PHILIPPINES MANUFACTURING SECTOR ACCELERATES IN NOVEMBER - S&P GLOBAL

The manufacturing sector in the Philippines continued to expand in November, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 52.7.

That's up from 52.4 in October and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The uptick in the headline figure reflected gains across the top two PMI components: new orders and output. Indeed, November saw rates of growth quicken to eight- and ten month highs, respectively.

Firms noted that strong demand conditions both in domestic and foreign markets, new client wins and increased contract work boosted overall sales and in turn spurred greater production.

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**InstaForex Gertrude** · 04-12-23, 09:28

YEN RISES AGAINST MAJORS

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

The yen rose to a 1-month high of 159.11 against the euro and a 4-day high of 168.32 against the Swiss franc, from last week's closing quotes of 159.76 and 168.86, respectively.

The yen advanced to a 2-week high of 185.53 against the pound and nearly a 3-month high of 146.24 against the U.S. dollar, from Friday's closing quotes of 186.57 and 146.81, respectively.

Against the Australia, the New Zealand and the Canadian dollars, the yen rose to 4-day highs of 97.65, 90.89 and 108.39 from last week's closing quotes of 97.98, 91.14 and 108.76, respectively.

If the yen extends its uptrend, it is likely to find resistance around 157.00 against the euro, 164.00 against the franc, 180.00 against the pound, 143.00 against the greenback, 94.00 against the aussie, 87.00 against the kiwi and 105.00 against the loonie.

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**InstaForex Gertrude** · 14-12-23, 05:09

AUSTRALIA ADDS 61,500 JOBS IN NOVEMBER

Australia gained 61,500 jobs in November, the Australian Bureau of Statistics said on Friday - for a total of 14,257,00.

That blew away expectations for an increase of 11,000 jobs following the addition of 55,000 jobs in October.

Full-time employment increased by 57,000 to 9,905,900, while part-time employment increased by 4,500 to 4,351,600.

The jobless rate ticked up to a seasonally adjusted 3.9 percent versus expectations for 3.8 percent, which would have been unchanged from the previous month following an upward revision from 3.7 percent.

The participation rate improved to 67.2 percent, beating expectations for 66.9 percent and up from 67.0 percent in October.

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**InstaForex Gertrude** · 15-12-23, 05:08

CHINA INDUSTRIAL OUTPUT CLIMBS 6.6% ON YEAR IN NOVEMBER

Industrial production in China was up 6.6 percent on year in November, the National Bureau of Statistics said on Friday.

That beat forecasts for an increase of 5.6 percent and was up from 4.6 percent in October.

The bureau also said that retail sales jumped an annual 10.1 percent - shy of expectations for 12.5 percent but up from 7.6 percent in the previous month.

Fixed asset investment rose 2.9 percent on year - unchanged from October, but missing forecasts for a gain of 3.0 percent.

The unemployment rate came in at 5.0 percent, in line with expectations and unchanged from the previous month.

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**InstaForex Gertrude** · 18-12-23, 06:29

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 4-day highs of 0.6243 against the U.S. dollar and 88.72 against the yen, from Friday's closing quotes of 0.6206 and 88.22, respectively.

Against the euro and the Australian dollar, the kiwi advanced to 4-day highs of 1.7483 and 1.0762 from last week's closing quotes of 1.7543 and 1.0783, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 0.64 against the greenback, 90.00 against the yen, 1.73 against the euro and 1.06 against the aussie.

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**InstaForex Gertrude** · 19-12-23, 06:40

YEN FALLS AGAINST MAJORS

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

The yen fell to 6-day lows of 157.02 against the euro and 181.97 against the pound, from yesterday's closing quotes of 155.90 and 180.45, respectively.

Against the U.S. dollar and the Swiss franc, the yen slid to 6-day lows of 143.78 and 165.79 from Monday's closing quotes of 142.74 and 164.56, respectively.

Against Australia, the New Zealand and the Canadian dollars, the yen slipped to nearly a 2-week low of 96.61, a 1-week low of 89.50 and a 6-day low of 107.36 from yesterday's closing quotes of 95.71, 88.66 and 106.51, respectively.

If the yen extends its downtrend, it is likely to find support around 160.00 against the euro, 186.00 against the pound, 148.00 against the greenback, 169.00 against the franc, 98.00 against the aussie, 91.00 against the kiwi and 110.00 against the loonie.

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