Forex News from InstaForex

**InstaForex Gertrude** · 06-05-14, 07:17

NZ Dollar Climbs Against Majors

The New Zealand dollar drifted higher against other major currencies in Asian deals on Tuesday. The kiwi strengthened to 0.8705 against the greenback for the first time since April 11. The kiwi advanced to near a 4-week high of 88.90 against yen and a 3-week high of 1.5937 against the euro. The kiwi spiked up to 1.0670 against the aussie, a level not seen since April 1. The next possible upside target for the kiwi is seen around 0.879 against the greenback, 89.5 against the yen, 1.58 against the euro and 1.06 against the aussie

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**InstaForex Gertrude** · 07-05-14, 06:57

Australia Retail Sales Add 0.1% In March

Total retail sales in Australia were up a seasonally adjusted 0.1 percent on month in March, the Australian Bureau of Statistics said on Wednesday - coming in at A$23.149 billion. That was shy of forecasts for a gain of 0.4 percent following the upwardly revised gain of 0.3 percent in February (originally 0.2 percent). For the first quarter of 2014, retail sales climbed 1.2 percent on quarter to A$67.519 billion - in line with expectations, but missing forecasts for 1.6 percent after gaining 1.1 percent in the three months prior.

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**InstaForex Gertrude** · 09-05-14, 06:18

U.S. Dollar Advances Against Majors

The U.S. dollar strengthened against its major rivals in Asian deals on Friday.
The greenback climbed to 0.8811 against franc, its highest since May 2. Against the euro and the pound, the greenback hit a weekly high of 1.3831 and a 3-day high of 1.6919, respectively.
Rebounding from an early low of 101.54 against the yen, the greenback edged up to 101.75.
The greenback may possibly face resistance around 102.5 against the yen, 0.89 against the franc, 1.375 against the euro and 1.68 against the pound.

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**InstaForex Gertrude** · 12-05-14, 06:21

Euro At Near 3-month Low Against Pound

The euro drifted lower against the pound in Asian deals on Monday. The euro slipped to 0.8158 against the pound, a level unseen since February 17. If the euro extends slide, it may face support around the 0.81 area. The pair was worth 0.8165 at Friday's close.

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**InstaForex Gertrude** · 13-05-14, 06:08

Australia Home Loans Dip 0.9% In March

he total number of home loans in Australia was down a seasonally adjusted 0.9 percent on month in March, the Australian Bureau of Statistics said on Tuesday, standing at 52,013. That was well shy of forecasts for an increase of 1.0 percent following the 2.3 percent gain in February. The value of housing loans was down 1.1 percent on month to A$27.346 billion. The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments surged 12.6 percent on month in March.

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**InstaForex Gertrude** · 14-05-14, 06:37

South Korea Export Prices Dip 2.5% In April

Export prices in South Korea were down 2.5 percent on month in April, the Bank of Korea said on Wednesday, after easing 0.4 percent in March. On a yearly basis, export prices dropped 7.3 percent after shedding 4.3 percent in the previous month. Import prices also were down 2.5 percent on month following the 0.5 percent fall in the previous month. On a yearly basis, prices tumbled 7.0 percent after shedding 4.5 percent a month earlier.

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**InstaForex Gertrude** · 15-05-14, 09:44

Yuan Rises To 8-day High Against U.S Dollar

The yuan strengthened against the U.S dollar in the early Asian session on Thursday. Against the greenback, the yuan rose to an 8-day high of 6.2250, up from yesterday's closing quote of 6.2292. The next possible upside target of the yuan is seen at 6.21. The People Bank of China set today's central parity rate for yuan at 6.1653. per dollar, compared to Friday's reference rate of 6.1640. The central bank sets the reference rate every morning and allows the currency to move upto 2 percent from that level.

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**InstaForex Gertrude** · 16-05-14, 09:31

Yen Little Changed Following Japan Industrial Production Data

Japan's final industrial production data for March was released at 12:30 am ET Friday. Following the data, the Yen little changed against other major currencies. As of 12:32 am ET, the Yen was trading at 139.20 against the Euro, 170.38 against the Pound, 113.98 against the Swiss franc and 101.48 against the U.S dollar.

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**InstaForex Gertrude** · 19-05-14, 09:39

Australian Dollar Falls Against Most Majors

The Australian dollar weakened against the most major currencies in the late Asian session on Monday. The Australian dollar fell to a 4-day low of 1.0160 against the Canadian dollar. The pair closed last week's deals at 1.0169. Against the yen, the Australian dollar slipped to 94.86, from early multi-day high of 95.20. The pair closed last week's deals at 95.04. The Australian dollar fell to 1.4652 against the euro and 0.9352 against the U.S dollar, from early multi-day highs of 1.4607 and 0.9376, respectively. The aussie closed last week's deals at 1.4625 against the euro and 0.9364 against the greenback. If the Australian dollar extends its fall, it is likely to find support around 1.00 against the Canadian dollar, 94.54 against the yen, 1.48 against the euro and 0.92 against the greenback.

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**InstaForex Gertrude** · 20-05-14, 09:10

Yen Slides Against Majors

The Japanese yen weakened against the other major currencies in early Asian deals on Tuesday. The yen slipped to 113.88 against the franc, 170.81 against the pound and a session's low of 101.59 against the greenback. The yen hit 139.30 against the euro, its lowest since May 16. The yen fell to 93.41 against the loonie, compared to yesterday's closing quote of 93.29. If the yen extends slide, it may face support around 102.00 against the greenback, 172.00 against the pound, 140.00 against the euro, 114.6 against the franc and 93.6 against the loonie.

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**InstaForex Gertrude** · 21-05-14, 08:22

Bank Of Japan Maintains Monetary Policy Unchanged

Following the conclusion of a 2-day monetary policy meeting, the Bank of Japan maintained status quo position with respect to its monetary policy. The Monetary Policy Board led by Governor Haruhiko Kuroda opted to persist with its policy of increasing the monetary base at an annual pace of 60-70 trillion yen despite cautioning of a reduction in demand and risk to economic growth due to the sales tax hike that came into effect in April.
The decision was adopted by an unanimous vote. The central bank continued to hold its economic assessment by repeating that the domestic economy is continuing to recover moderately as trend. At the same time, the bank indicated that demand has been hurt by the front-loaded increase before the tax hike. Among the changes observed in the commentary on growth was on public investment, which was termed as having leveled off at a high level.
The inflation commentary was also maintained unchanged. Going forward, the central bank expects the economy to continue a moderate recovery, as a trend, and the annual inflation, excluding the effects of the consumption tax hike, to be around 1.25 percent for some time. There was a dissension with respect to the time frame for the quantitative and qualitative easing, with the majority of the view that the measures have to be persisted as long as the 2 percent price stability target is maintained in a stable manner. Meanwhile, board member Takahide Kiuchi, who dissented, called for a time frame of about 2 years for the easing measures.

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**InstaForex Gertrude** · 22-05-14, 07:58

Canadian Dollar Strengthens Against Most Majors

The Canadian dollar advanced against most major opponents in Asian deals on Thursday. The loonie hit a 2-day high of 93.12 against the yen, following a multi-week low of 92.47 touched on Wednesday. The loonie edged up to 1.0904 against the greenback and 1.4915 against the euro. If the loonie extends gain, it may seek resistance around 1.08 against the greenback, 94.00 against the yen and 1.48 against the euro.

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**InstaForex Gertrude** · 23-05-14, 06:55

China Leading Index Slows In April - Conference Board

China's leading economic index, measuring the future economic conditions, continued to rise in April though at a slower rate, a report from the Conference Board showed Friday. The leading index, at 288.1, was up 0.9 percent month-over-month in April following a 1.1 percent increase in March. The coincident index that measures the current economic situation rose 0.4 percent in April after rising 1.3 percent in March. The slower rate of increase of the leading index was driven by a decrease in total industrial activity and retail sales, said the report. "Its overall expansion remains weaker than the latter half of 2013 and underlying volatility in the economy has increased. Subdued LEI growth, combined with growth rates in industrial activity and retail sales running at their lowest since 2004, suggest that the slower trend of economic growth will continue into the third quarter at least," said Andrew Polk, Conference Board economist.

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**InstaForex Gertrude** · 26-05-14, 08:55

Malaysian Ringgit Rises To 4-day High Against U.S. Dollar

The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Monday. Against the greenback, the ringgit rose to a 4-day high of 3.2069, from last week's closing quote of 3.2120. If the ringgit extends it rise, it is likely to find resistance around the 3.19 area.

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**InstaForex Gertrude** · 28-05-14, 09:19

Indian Rupee Slips To Nearly 2-week Low Against U.S. Dollar

The Indian rupee dropped against the U.S. dollar in the morning deals on Wednesday. Against the greenback, the rupee fell to nearly a 2-week low of 59.2100, down from yesterday's closing quote of 58.9800. If the rupee extends its downtrend, it is likely to find support around the 59.70 area.

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**InstaForex Gertrude** · 29-05-14, 06:49

Philippine Q1 GDP Growth Slows; Trails Expectations

The Philippine economy grew at a slower-than-expected rate in the first quarter of 2014, figures from the National Statistical Coordination Board showed Thursday.

Gross domestic product for the first quarter rose 5.7 percent year-over-year, trailing expectations of a 6.4 percent increase. This follows the revised 6.3 percent rise in the previous quarter.

The industry sector, one of the three major sectors contributing to the GDP, grew at a year-over-year rate of 5.5 percent in the first quarter, lower by 11.3 percent compared to the same quarter of the previous year and 7.6 percent compared to the previous quarter.

The services sector contributed 3.8 percentage points to the GDP growth, followed by the industry sector and the agriculture sector contributing 1.8 and 0.1 percentage points, respectively.

The gross national income grew by 7.6 percent owing to an increase of 17.3 percent in the net primary income from the rest of the world.

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**InstaForex Gertrude** · 30-05-14, 04:27

UK Consumer Confidence Hits Nine-Year High

An index measuring consumer sentiment in the United Kingdom came in with a score of 0 in May, polling company GfK said on Friday.

That beat forecasts for a score of -2 and was up from -3 in April. The May reading represents a nine-year high score for the index.

Also on Friday, property tracking website Hometrack said that house prices in the UK were up 0.5 percent on month and 6.1 percent on year.

That follows the 0.6 percent monthly increase and the 6.0 percent yearly gain in April.

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**InstaForex Gertrude** · 03-06-14, 08:50

Singapore Dollar Off Multi-week Low Against U.S. Dollar

The Singapore dollar trimmed its early losses against the U.S. dollar in Asian deals on Tuesday. The Singapore dollar that fell to a multi-week low of 1.2571 against the greenback in early deals reversed direction with pair trading around 1.2556. The pair was worth 1.2569 at yesterday's close.

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**InstaForex Gertrude** · 04-06-14, 08:46

Malaysian Ringgit Falls To Near 3-week Low Against U.S. Dollar

The Malaysian Ringgit lost ground against the U.S. dollar in Asian deals on Wednesday. The ringgit fell to 3.2370 against the greenback, its weakest since May 14. On the downside, the ringgit may find support around the 3.24 zone. At yesterday's close, the pair was quoted at 3.2305.

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**InstaForex Gertrude** · 05-06-14, 07:26

Philippines Producer Prices Rise For Second Month

Philippine producer prices increased for the second straight month in April, led by the higher uptick of petroleum products, figures from the National Statistical Office showed Thursday. The producer price index rose 0.1 percent year-on-year in April, slower than March's revised 0.3 percent increase. In February , prices fell 0.6 percent. Prices of petroleum products jumped 13.6 percent annually in April. Cost of food manufacturing and electrical machinery also grew by 4.5 percent and 4.0 percent, respectively. At the same time, prices of furniture and fixtures logged a sharp decline of 27.9 percent. On a monthly basis, producer prices dropped 0.5 percent in April, in contrast to the 0.2 percent growth in the previous month.

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