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Australian Dollar Declines Against Most Majors
Reversing direction, the Australian dollar fell against most major currencies in Asia on Wednesday.
The aussie slipped to a 6-day low of 94.07 against the yen and an 8-day low of 1.4267 against the euro, down from an early high of 95.66 and more than 3-month high of 1.4126, respectively.
The aussie was worth 0.9667 against the greenback and 0.9954 against the loonie around 12:25 am ET, retreating from early multi-month highs of 0.9757 and 1.0035, respectively.
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China Manufacturing PMI 50.9 In October - HSBC
An index measuring manufacturing activity in China came in with a score of 50.9 in October, the latest survey from HSBC and Markit Economics revealed on Thursday.
That topped forecasts for a score of 50.4 and was up from the 50.2 reading in September.
The survey said that new orders were at a seven-month high.
A score above 50 indicates expansion in a sector, while a score below 50 signals contraction.
News are provided by InstaForex.
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Aud underpinned by Strong Stocks
The Aussie inched up to $0.9600, from a trough of $0.9572 on Friday, underpinned by a 1 percent increase in stock markets in Japan and Australia.
But it was still a fair way off a five-month peak of $0.9758 set last week on expectations the U.S. Federal Reserve will extend its cheap money policies into next year.
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Australian Dollar Falls Against Canadian Dollar
The Australian dollar weakened against the Canadian dollar in early Asian deals on Wednesday.
The aussie slipped to 0.9901 against the loonie, not far from Tuesday's lowest level of 0.9897 in 11 days. The next probable support for the aussie-loonie pair is seen around the 0.98 level. The pair finished yesterday's deals at 0.9924.
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so professional, it seems a lot of knowladge needs to be learn before the operation.
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U.S. Dollar Rises Against European Majors
The U.S. dollar edged up against European major counterparts in Asian deals on Thursday.
The greenback reached as high as 0.9014 against the franc, 1.3709 against the euro and 1.6013 against the pound around 11:40 pm ET.
The next probable resistance for the greenback is seen around 0.91 against the franc, 1.365 against the euro and 1.595 against the pound.
News are provided by InstaForex.
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Krw Decline capped by Demand from Exporters -Dealers
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KRW was quoted at 1,062.0 against the dollar as of 0205 GMT, compared with Friday's domestic closing level of 1,060.7.
Exporters continue to sell dollars to convert their contract payments into the local currency, offering firm support for the won. Investors are also reluctant to place aggressive bets before the release of the U.S. October employment report and third-quarter gross domestic product data later this week.
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U.S. Dollar Advances To 4-day High Against Canadian Dollar
The U.S. dollar strengthened against its Canadian unit in Asian deals on Tuesday.
The greenback hit a 4-day high of 1.0431 against the loonie, up from an early low of 1.0416. The next possible resistance for the greenback-loonie pair lies around the 1.05 zone. At yesterday's close, the pair was worth 1.0423.
News are provided by InstaForex.
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Australia Has A$284 Million Trade Deficit
Australia saw a merchandise trade deficit of A$284 million in September, the Australian Bureau of Statistics said on Wednesday.
That beat forecasts for a shortfall of A$500 million following the revised 693 million deficit in August (originally A$815 million).
Exports were roughly flat on month at A$27.309 billion, up marginally from A$27.185 billion in the previous month.
Imports dipped 1.0 percent to A$27.593 billion, down from A$27.878 billion a month earlier.
News are provided by InstaForex.
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Taiwan Will Allow Chinese Companies to Issue Yuan Bonds by the End of This Year
China Development Bank (CDB) expected to issue the first such bonds, a local newspaper reported on Thursday, citing Taiwan's top financial regulator William Tseng.
CDB has received a quota to sell between 4 billion and 6 billion yuan in bonds, and the total amount for such bonds in Taiwan this year will exceed 10 billion yuan ($1.6 billion), the Commercial Times added, citing unidentified sources.
The move is the latest sign that Taiwan is aiming to become an offshore yuan center to tap the Chinese currency's globalization.
News are provided by InstaForex.
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Australian Dollar Ticks Up After China Trade Data
The Australian dollar inched higher against its major counterparts after a report showed that China's trade balance nearly doubled to reach $31.1 billion in September from $15.1 billion surplus in the previous month. Economists had expected a $24.8 billion surplus.
The Australian dollar was trading at 1.1362 against the New Zealand dollar and 1.4146 against the euro immediately following the report, up from previous lows of 1.1331 and 1.4216, respectively. The aussie also climbed to 93.11 against the yen and 0.9481 against the greenback from previous lows of 92.60 and 0.9431, respectively.
News are provided by InstaForex.
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Swiss Franc At 4-day Lows Against Euro, Pound
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The Swiss franc slipped against the euro and the British pound in Asian deals on Monday.
The franc fell to 4-day lows of 1.4776 against the pound and 1.2323 against the euro, compared to last week's closing quotes of 1.4752 and 1.2313, respectively. The next probable downside target for the franc is seen around 1.49 against the pound and 1.24 against the euro.
News are provided by InstaForex.
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South Korea Export Prices -1.9% In October
South Korea's export price index was down 1.9 percent in October compared to the previous month, the Bank of Korea said on Tuesday. That follows the 2.4 percent contraction in September.
On a yearly basis, export prices dropped 4.6 percent after shedding 4.7 percent in the previous month.
Import prices dropped 2.4 percent on month and 7.3 percent on year after losing 2.3 percent on month and 8.1 percent on year in September.
News are provided by InstaForex.
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Yen Weakens Ahead Of Japan Final Industrial Production
Japan's final industrial production data for September is due on Thursday's Asian session at 11:30 pm ET. Ahead of the data, the yen slipped against other major currencies.
The yen traded at 99.67 against the greenback, 159.78 against the pound, 108.91 against the franc and 134.23 against the euro around at 11:25 pm ET.
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Kiwi up 0.5 Pct
The New Zealand dollar caught its breath at $0.8283 after a volatile week saw it as low as $0.8166 and as high as $0.8355. It was still on course for a 0.5 percent gain since Monday.
Support was seen at $0.8230 and then $0.8200 with resistance at $0.8300 before $0.8360.
News are provided by InstaForex.
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Speculators Add Long Dollar Bets in Latest Week, Hit Two-Month High
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Speculative bets favored the U.S. dollar in the latest week, posting their highest long position in two months, according to the latest data from the Commodity Futures Trading Commission released on Friday.
The value of the dollar's net longs totaled $14.46 billion in the week ended Nov. 12, up from a long position of $7.02 billion in the week ended Nov. 5. Speculators were long for a second straight week and the latest week showed the contract total at its largest since the week of Sept. 10.
News are provided by InstaForex.
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China House Prices Rise In October
House prices in all Chinese cities except Wenzhou increased in October as the government abstained from initiating new property curbs.
House prices rose in 69 out of 70 cities tracked by the government, data published by the National Bureau of Statistics showed Monday.
On a yearly basis, prices surged 20.2 percent in Shenzhen and 17.8 percent in Shanghai. And it gained 16.4 percent in Beijing.
Month-on-month, house prices increased in 65 cities in October. Prices remained unchanged in three cities and declined in two.
News are provided by InstaForex.
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NZ Dollar Declines To 4-day Low Versus Euro
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The New Zealand dollar fell against the European currency in Asian deals on Tuesday.
The kiwi hit a 4-day low of 1.6252 against the euro, compared to Monday's closing value of 1.6199. The kiwi may seek support around the 1.635 level.
News are provided by InstaForex.
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Bernanke Making more Dovish Comments, Fiscal Plug Needed
Recommends less restrictive fiscal stance, focus on longer-term issues.
Reiterates Fed will remain easy for longer, till good economic evidence.
Efforts to up jobs being made, must reduce inequalities.
Fed bond buys have benefited Wall Street but no necessarily Main Street.
News are provided by InstaForex.
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China HSBC Manufacturing Index Slides To 50.4
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An index measuring manufacturing activity in China came in with a score of 50.4 in November, flash survey results from HSBC and Markit Economics revealed on Thursday.
That was well shy of forecasts for 50.8 and down from 50.9 in October.
A score above 50 means expansion in a sector, while a reading below 50 signals contraction.
The data also showed that the flash China Manufacturing Output Index came in 51.3 in November, up from 51.1 in October.
News are provided by InstaForex.
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Pound At New 2-week High Against Franc
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The British currency climbed against the Swiss franc in early Asian deals on Friday.
The pound spiked up to 1.4800 against the franc, its highest since November 7. At yesterday's close, the pair was worth 1.4786. The next upside target for the pound-franc pair lies around the 1.49 area.
News are provided by InstaForex.
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Canadian Dollar Hits Near 4-week Low Versus Euro
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The Canadian dollar drifted lower against the European currency in early Asian trading on Monday.
The loonie touched 1.4303 against the euro, its lowest level since October 31. On the downside, the loonie may eye support around the 1.45 area. The pair was worth 1.4260 at Friday's close.
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Philippine Imports Surge 7.2% In September
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The Philippines imported goods worth $5.711 billion in September, an increase of 7.2 percent from a year earlier, data from the National Statistics Office showed Tuesday.
Total external trade in goods reached $10.756 billion during the month, representing a 6.1 percent increase from last year. Exports grew 4.9 percent annually.
Thus, the balance of trade in goods for the country registered a deficit of $666 million, higher than $516 million deficit in the same period last year.
News are provided by InstaForex.
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Australian Dollar Falls To 3-month Low Against Euro
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The Australian dollar slipped against the euro in early Asian deals on Wednesday.
The aussie hit 1.4901 against the euro, a level last seen on August 29. The next possible support for the aussie is seen around the 1.50 level. The pair was worth 1.4863 at yesterday's close.
News are provided by InstaForex.
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Seoul Shares on Track for a Fourth Straight Winning Session
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The Korea Composite Stock Price Index (KOSPI) gained 0.7 percent to 2,042.60 points as of 0200 GMT after touching an intraday high of 2,046.27, its highest since , fuelled by a strong U.S. consumer confidence survey that boded well for South Korean exporters' sales to their second largest market.
"In the past 10 years KOSPI had mirrored the U.S. year-end consumption season to rise 4 percent on average, and with consumer confidence picking up, the outlook seemd quite rosy for this year as well," said Chung Seung-jae, an analyst at Mirae Asset Securities.
News are provided by InstaForex.
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South Korea Industrial Production Rebounds In October
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Industrial production in South Korea rebounded in October, the latest figures from Statistics Korea revealed Friday.
After adjusting to seasonal variations, industrial production expanded 1.8 percent month-on-month in October, partly recovering from a 2.3 percent slump in September. Manufacturing output grew 2 percent after a 2.5 percent decline a month earlier.
On an unadjusted basis, industrial output rose 3 percent month-on-month following a 3.9 percent drop in September. Manufacturing was also up 3 percent from a month earlier in unadjusted terms.
On an annual basis, manufacturing production grew 3 percent after a 4 percent contraction in September.
News are provided by InstaForex.
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Canadian Dollar Falls To 4-day Low Against Yen
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The Canadian dollar drifted lower against the Japanese yen in early Asian deals on Monday.
The loonie touched a 4-day low of 96.29 against the yen, down from last week's closing quote of 96.42. The loonie is likely to face support at the 95.00 area.
News are provided by InstaForex.
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Hong Kong Nov Pmi Hits 10-Month High As New Orders, Output Increase
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New business from China expands for the first time in 10 months
Strongest increase in output since January
Employment contracts for ninth consecutive month
News are provided by InstaForex.
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Australian Dollar Edges Up Against Canadian Dollar
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The Australian dollar ticked up against the Canadian dollar in early Asian deals on Thursday.
The aussie rose to 0.9653 against the loonie, bouncing off from an early low of 0.9624. The next possible upside target for the aussie-loonie pair lies around the 0.975 mark.
News are provided by InstaForex.
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NZ Dollar Off 2-day High Against US Dollar
The New Zealand dollar that advanced to a 2-day high of 0.8234 against the US dollar at the beginning of Friday's Asian session erased some of its gains subsequently.
Near-term downside target for the kiwi-greenback pair is seen around the 0.8170 level, its horizontal channel trend-line area and the likelihood of a bullish resumption could help breaking the 0.8260 resistance.
News are provided by InstaForex.
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NZ Dollar Trades Higher Against Majors
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The New Zealand dollar firmed against its major rivals in Asian deals on Monday.
The kiwi reached a 5-day high of 1.6473 against the euro and near a 3-week high of 0.8322 against the greenback.
The kiwi approached 1.0963 against the aussie for the first time since November 2008. Against the yen, the kiwi advanced to near an 8-month high of 85.75.
The next possible upside target for the kiwi is seen around 0.84 against the greenback, 87.00 against the yen, 1.08 against the aussie and 1.635 against the euro.
News are provided by InstaForex.
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Philippine Export Growth Accelerates In October
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Philippine export growth quickened in October, data released by the National Statistics Office revealed Monday.
Exports grew 14 percent year-on-year in October following a 5.1 percent gain in September. Economists had forecast an 8.3 percent increase.
However, shipments fell 0.6 percent month-on-month. This followed a solid 10.4 percent growth in September.
Exports of electronic products, accounting for 42.9 percent of the total exports revenue in October, grew 13.4 percent from a year earlier. On a monthly basis, electronic shipments rose 0.4 percent.
News are provided by InstaForex.
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Canadian Dollar Hits 2-day High Against Euro
The Canadian dollar climbed against the European currency in early Asian deals on Wednesday.
The loonie hit a 2-day high of 1.4583 against the euro, after having reached lowest level of 1.4646 in near 5 years on Tuesday. The next possible upside target for the loonie lies around the 1.44 zone.
News are provided by InstaForex.
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Australia Inflationary Expectations Rise Slightly
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Inflation expectations among Australian consumers increased slightly in December, a monthly survey by the Melbourne Institute revealed Thursday.
The expected inflation rate rose to 2.1 percent in December from 1.9 percent in November. It is now just above the lower bound of the Reserve Bank of Australia's (RBA) target band of 2-3 percent.
The survey also included quarterly information on past and future pay growth. Actual pay growth over the 12 months to December rose to 3.3 percent from 2.1 percent in the 12 months to September.
Expected pay growth in the coming 12 months rose to 3.2 percent from 2.7 percent in September.
News are provided by InstaForex.
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Malaysian Ringgit Drops To 2-week Low Against US Dollar
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The Malaysian ringgit extended its 2-day losing streak against its US counterpart in early Asian trading on Friday, falling to a 2-week low of 3.2392, down from 3.2305 hit late New York Thursday.
The near-term support for the ringgit is seen around the 3.24 area, a level last seen in early October.
News are provided by InstaForex.
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Yen Strengthens Against Majors
The Japanese yen climbed against other major currencies in Asia on Monday.
The yen reached a 10-day high of 167.34 against the pound, 5-day high of 141.21 against the euro, 4-day highs of 102.64 against the greenback and 115.53 against the franc.
The yen is likely to face upside target around 101.6 against the greenback, 114.00 against the franc, 166.00 against the pound and 140.00 against the euro.
News are provided by InstaForex.
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Yen Climbs Against U.S. Dollar
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The Japanese yen advanced against the U.S. dollar in Asian trading on Tuesday.
The yen rose to 102.91 against the greenback, up from an early low of 103.10. The next possible resistance for the yen is seen around the 102.00 zone.
News are provided by InstaForex.
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Malaysian Ringgit Declines To 2-1/2-month Low Against U.S. Dollar
The Malaysian Ringgit fell sharply against the U.S. dollar in Asia on Wednesday as traders await the Federal Reserve's decision on monetary policy due later in the day.
The ringgit hit 3.2560 against the greenback for the first time since October 4. If the ringgit slides further, it may face support at the 3.28 zone. The pair finished trading at 3.2485 yesterday.
News are provided by InstaForex.
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Pound Hits 2-week High Against Euro
The pound gained ground against the euro in Asian deals on Thursday.
The pound reached 0.8339 against the euro, its highest since December 5. The pound is poised to seek resistance around the 0.827 mark. The pair was worth 0.8355 at yesterday's close.
News are provided by InstaForex.
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New Zealand's Credit Card Spending Rises In November
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New Zealand's credit card spending increased sharply in November, the latest data released by the Reserve Bank of New Zealand showed Friday.
Card spending rose 3.5 percent month-on-month in November following a 0.5 percent fall in the preceding month. Year-on-year, spending grew 6.9 percent.
Domestic billings on New Zealand issued cards rose 3.9 percent on a monthly basis and overseas billings on domestically issued cards increased 4.1 percent.
News are provided by InstaForex.
