Forex News from InstaForex

**InstaForex Gertrude** · 03-11-14, 04:17

Krw Trades at 7-Month Low Vs Usd on Boj Move

USD/KRW was changing hands at 1,075.10 to the dollar as of 9:30 a.m. Monday, down 6.60 won from the previous session's close, marking the lowest since the 1,079.40 won on Mar. 25.

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**InstaForex Gertrude** · 04-11-14, 04:21

Aud/usd Modestly Higher on mixed Bag of Aus Data

Retail sales came in at 1.2% m/n; forecast 0.4%; prior 0.1%
Trade deficit bln; forecast bln; prior 787mln
Exports +1.0%; prior -2.0%; Imports +6.0% - prior -3.0%
AUD/USD spikes from 0.8686 to session high of 0.8710 on release

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**InstaForex Gertrude** · 05-11-14, 02:59

Usd/sgd Risks Peak/through ahead of US Payrolls

Rise in PMI data, crosses seen supportive of SGD intraday Oct PMI rose to 51.9 from 50.5 last Stops eyed below 1.2880, but should attract fresh bids ahead of 1.2850 USD/SGD traded 1.2885-1.2912 range overnight, closed 1.2887-89 in NY

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**InstaForex Gertrude** · 06-11-14, 03:57

Australia Jobless Rate Unchanged At 6.2% In October

The unemployment rate in Australia came in at 6.2 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations. The Australian economy added 24,100 jobs in October - beating forecasts for a gain of 20,000 following the loss of 23,700 in September. The participation rate was 64.6 percent, also topping expectations for 64.5 percent - which would have been unchanged.

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**InstaForex Gertrude** · 07-11-14, 03:31

Lack of Resistance Suggests Bulls Should Remain Long for Now for Usd/jpy

Daily close above 115 round number shows bulls remain strong No significant resistance above 115 until 120 round number Hard to find low risk long entries - price far above MAs / recent highs Period of consolidation would be healthy - allow MAs to catch up

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**InstaForex Gertrude** · 11-11-14, 02:42

Usd/thb edged Higher O/n, Follows Fresh Spike in Usd Overseas

Pair to test last Friday's high at 32.92, 33.00 tgt on cards next Weak growth, dovish BOT adds to weak THB outlook USD/THB traded 32.75-32.83 range overnight, closed 32.80-32.82 in NY

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**InstaForex Gertrude** · 12-11-14, 03:45

Usd/php Likely to Test 45.0, if Bsp Do Not Hinder

Bullish USD theme stays supp; rally may extend to 45.10 Pair capped by good exports number, stocks rally yesterday NDFs traded 44.95-45.01 range overnight, ended 44.92-44.97 in NY

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**InstaForex Gertrude** · 13-11-14, 04:29

Japan September Core Machine Orders Climb 2.9%

Core machine orders in Japan jumped 2.9 percent on month in September, the Cabinet Office said on Thursday - worth 831.6 billion yen. The headline figure topped forecasts for a decline of 1.0 percent but down from the 4.7 percent increase in August. On a yearly basis, core machine orders jumped 7.3 percent - also blowing away forecasts for a decline of 0.3 percent following the 3.3 percent jump in the previous month. The total number of machinery orders, including those volatile ones for ships and from electric power companies, jumped 8.0 percent on month but fell 2.4 percent on year Manufacturing orders climbed 12.0 percent on month and 13.4 percent on year to 363.7 billion yen in September, while non-manufacturing orders added 1.7 percent on month and 3.5 percent on year to 478.3 billion yen. Government orders surged 21.0 percent on month but plummeted 28.5 percent on year to 256.5 billion yen. Orders from overseas lost 9.4 percent on month and 4.7 percent on year to 955.2 billion yen. Orders from agencies added 2.5 percent on month and 10.0 percent on year to 105.3 billion yen. For the third quarter of 2014, core machine orders advanced 5.6 percent on quarter and 2.4 percent on year to 2,411.0 billion yen. Total machine orders dropped 14.9 percent on quarter and added 0.7 percent on year to 6,678.5 billion yen. For the fourth quarter of 2014, core machine orders are forecast to have fallen 0.3 percent on quarter and added 1.6 percent on year to 2,404.9 billion yen. Also on Thursday, the Bank of Japan said that its index measuring domestic corporate service prices in Japan was down 0.8 percent on month in October, standing at 105.5. That missed forecasts for a decline of 0.4 percent following the upwardly revised flat reading in September (originally -0.1 percent). On a yearly basis, prices advanced 2.9 percent - also below expectations for an increase of 3.3 percent following the 3.6 percent gain in the previous month. Export prices were down 0.6 percent on month and 1.7 percent on year, the data showed, while import prices tumbled 1.6 percent on month and 2.8 percent on year.

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**InstaForex Gertrude** · 14-11-14, 03:32

Usd/jpy in Holding Pattern Near 116.11 Recent Trend High

Offers still from ahead of 116.00 to 116.15, stops above, more 116.50+. Japanese exporters, profit-takers in offer mix. Dip overnight to 115.31, New York takes it back up, Japanese in bid mix. Japanese importers, investors, a number of speculators still take buy-dip strategies

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**InstaForex Gertrude** · 15-11-14, 08:51

Cft: Usd Speculators' Positions Still at Highs

Speculators' position composition shifts slightly but net USD longs stays at high
EUR shorts pared from -179k to -164k but made up for in JPY and GBP
JPY shorts (-82k) only a little more than half the level from December 13
Either speculators missed trade completely or the conviction not as strong as hype

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**InstaForex Gertrude** · 17-11-14, 03:38

Japan GDP Tumbles 1.6% In Q3
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Japan's gross domestic product unexpectedly contracted 1.6 percent on year in the third quarter of 2014, the Cabinet Office said in Monday's preliminary reading. That was well shy of forecasts for an increase of 2.2 percent following the downwardly revised contraction of 7.3 percent in the second quarter (originally -7.1 percent). On a quarterly basis, GDP slid 0.4 percent versus forecasts for an increase of 0.5 percent following the downwardly revised 1.9 percent contraction in Q2 (originally -1.8 percent). Nominal GDP tumbled 0.8 percent on quarter, missing forecasts for a gain of 0.4 percent following the upwardly revised 0.1 percent decline in the second quarter (originally -0.2 percent).

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**InstaForex Gertrude** · 18-11-14, 04:14

Jpmorgan: US Trade Crowded, Buy Europe

Mislav Matejka JPMorgan global equity strategist at CNBC:

It's time to start buying Europe.

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**InstaForex Gertrude** · 19-11-14, 03:44

Usd/jpy Bias Up, Mega Option Expiries Today

Quite a bit of optionality nearby including barriers and expirations. 116.50 (672 mln), mega-117.00/117.50 (1.137/1.213 bln) vanillas to go off. Barriers also tipped at 117.50, 118.00 above, stops large above. USD/JPY bias up but expiries today look to help slow any further push up. Large 117.00 (690), 117.50 (685) and 118.00 (960) strikes expire tom too.

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**InstaForex Gertrude** · 20-11-14, 02:52

New Zealand Capital Goods Prices Add 0.5% In Q3

The price of purchasing new capital items rose 0.5 percent in the third quarter of 2014, Statistics New Zealand said on Thursday. Four of six asset groups measured by the capital goods price index rose. The major upward contributions to the CGPI came from higher prices for residential buildings (up 1.0 percent) and non-residential buildings (up 0.8 percent). The gains were offset by a fall in transport equipment prices (down 0.6 percent). On a yearly basis, the CGPI climbed 2.3 percent. The increases for residential buildings (up 4.7 percent) and non-residential buildings (up 4.1 percent) were the main contributors to the change.

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**InstaForex Gertrude** · 21-11-14, 03:40

Usd/myr may Trade 3.35-3.36

Agent fears, profit taking in USD/JPY to pressure pair Exports worries - depressed oil/commodities underpin NDFs traded 3.3705-3.3810 range overnight, closed 3.3705-3.3735 in NY

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**InstaForex Gertrude** · 24-11-14, 03:47

China Securities Times: China Researcher Suggests Interest Rate Cut Next Year

China Securities Times (via Bloomberg):

China researcher suggests interest rate cut next year

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**InstaForex Gertrude** · 25-11-14, 04:32

China Plans to Double Australian Mortgages in 2 Years

Bank of China plans to double its mortgage lending in Australia in two years: Wants to offer more home loans to locals Hopes to reach more non-Chinese borrowers in the country through a product distribution agreement with Australian Finance Group Pty, Australia's biggest mortgage broker Bank of China held A$672 million of Australian mortgages as of September 30

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**InstaForex Gertrude** · 26-11-14, 03:42

Japan: Main Opposition Offers Alternative to Abe’s ‘3 Arrows’ With ‘3 Pillars’

Democratic Party of Japan has offered an alternative to Abe's 'three arrows': "flexible financial policy bearing in mind the daily life of the people" "investing in people" "a growth strategy that will connect to the future"

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**InstaForex Gertrude** · 27-11-14, 03:46

South Korea Current Account Surplus $9.01 Billion

South Korea posted an unadjusted current account surplus of $9.01 billion in October, the Bank of Korea said on Thursday. That follows the upwardly revised $7.41 billion surplus in September (originally $7.20 billion). The goods account surplus widened to $8.86 billion, from $7.51 billion the previous month. The services account deficit registered $0.25 billion, similar to September's level. The primary income account surplus widened to $0.97 billion from $0.61 billion the previous month due to a decrease in payments on the equity account. The secondary income account saw a deficit of $0.36 billion. The financial account saw a net outflow of $6.80 billion, down from $8.76 billion in the previous month. Direct investment recorded a net outflow of $2.09 billion, less than the $2.15 billion in the previous month, as foreigners' direct inward investment increased. Portfolio investment saw a net outflow of $0.38 billion, down from $3.52 billion in September, due to the reduction of residents' outward portfolio investment and the shift to a net inflow of foreigners' portfolio investment, the bank said. Financial derivatives posted a net outflow of $0.57 billion. Other investment saw a net outflow of $4.01 billion, up from $1.88 billion a month earlier - despite the shift to net borrowings by domestic financial institutions, as overseas loans and deposits by domestic financial institutions increased, the bank noted. Reserve assets fell $0.25 billion. Seasonally adjusted, the current account surplus was $7.32 billion, up from the downwardly revised $4.99 billion (originally $5.20 billion).

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**InstaForex Gertrude** · 28-11-14, 03:58

Japan Industrial Production Up Unexpectedly In October

Preliminary estimates released by Japan's Ministry of Economy, Trade and Industry on Friday showed that industrial production in Japan unexpectedly rose in October. Industrial production rose a seasonally adjusted 0.2 percent month-over-month, belying expectations for a 0.6 percent drop. However, this represented a marked slowdown from the 2.9 percent growth in September. Annually, production was down 1 percent, not as worse as the 1.7 percent drop expected by economists. Shipments were up 0.4 percent month-over-month but declined 0.6 percent annually. The Ministry's forecast based on a survey of manufacturers pitches industrial production growth at 2.3 percent in November and at 0.4 percent in December.

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