Forex News from InstaForex

**InstaForex Gertrude** · 30-07-15, 08:38

Japan June industrial output rises 0.8 pct mth/mth

Industrial output in Japan jumped 0.8% in June, rebounded from last month's big fall, government data showed. The month-on-month growth compared with economists' median estimate of a 0.3% increase and followed a 2.1% decline in May, data by the Ministry of Economy Trade and Industry showed on Thursday. Manufacturers expect output to rise 0.5% in July and increase 2.7% in August, the data showed.

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**InstaForex Gertrude** · 31-07-15, 07:23

Canadian dollar saps as markets laud Fed outlook

The Canadian dollar softened on Thursday as traders embraced the Federal Reserve's relatively optimistic outlook for the American economy and sturdy GDP data. Based on official figures, US growth increased to a 2.3% annual rate in the second quarter, bolstering the US dollar. The loonie finished at 76.86 US cents from Wednesday's 77.26 US cents. Data increase the likelihood of a September rate hike. All we need is one of the jobs data to be good, “and neither China, nor Greece to fall off cliff, and we're there,” said Greg Anderson, Global Head of Foreign Exchange Strategy at BMO Capital Markets. Meanwhile, Statistics Canada reported nonfarm payroll jobs rose by 16,500 in May, from 27,600 in April.

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**InstaForex Gertrude** · 03-08-15, 07:57

Nam Long plans $15-$30 mln bond issue - Vietnam Economic Times

Nam Long Investment Corp said it plans to issue worth $15-$30 million in international markets to fund projects, the Vietnam Economic Times newspaper reported. It comes after Nam Long sold nearly 5% of its stake to a subsidiary of Singapore's Keppel Land Ltd, the report added.

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**InstaForex Gertrude** · 04-08-15, 08:19

Aussie Forms Triple Bottom Around 0.7250, Targets 0.7360/0.740

AUD/USD has formed triple bottom around 0.7250 and recovered from that level on account of better than expected Australian retail sales . Retail sales come in 0.7% compared to forecast 0.4% awaits RBA rate decision later today which is major market mover . Technically major support is around 0.7250 and any break below targets 0.7230/0.7190 in short term. On the higher side resistance is around 0.7300 and any break above target 0.7360/0.7400 . It is good to buy at dips around 0.72925 with SL around 0.7245 for the TP of 0.7355/0.7395.

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**InstaForex Gertrude** · 05-08-15, 07:33

Fxwirepro:cable Forms Bullish Gartley in Hourly Chart, Good to Buy at Dips

Cable declined till 1.5525 after making a high of 1.56328 yesterday. Overall trend is still bullish as long as support 1.5460 holds. Any break below 1.5460 will drag the pair down till 1.5430/1.5400. On the higher side minor resistance is around 1.5550 and any break above would extend gains till 1.5580/1.5630. It is good to buy at dips around 1.5510-15 with SL around 1.5460 for the TP of 1.5625

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**InstaForex Gertrude** · 05-08-15, 09:35

US dollar extends advances as Atlanta Fed official backs rate hike

The US dollar prolonged its surge Wednesday as Atlanta Federal Reserve President Dennis Lockhart supported the call for an interest rate hike in September. The Federal Open Market Committee voter said it would take a considerable degeneration in the American economy for him not to back rate increase next month. The greenback closed at $1.0847 per euro. Versus the Japanese yen, the currency ended at ¥124.46. Lockhart was not slated to speak until August 10. Hence, his remarks “and the timing of the interview is surprising,” said Richard Cochinos, Head of Americas G10 FX Strategy at Citi. Amidst his comments, the odds of a September increase are still seen hanging on Friday's jobs data.

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**InstaForex Gertrude** · 06-08-15, 07:14

Canadian dollar drops back to 11-year low on weak commodity prices

The Canadian dollar fell back to an 11-year trough Wednesday as weak oil and other commodity prices offset the decline in the country's June trade deficit. US crude prices ended at $45.15 a barrel, while Brent crude closed at $49.59. Also, Statistics Canada reported a trade deficit of C$476 million ($361 million), the smallest in seven months. The loonie closed at 75.83 US cents from Tuesday's 75.87 US cents. Better than projected trade data lifted the currency, but then began to “trade again with commodities and US yields,” said Matt Perrier, Managing Director of Foreign Exchange Sales at BMO Capital Markets. Meanwhile, the Canadian employment data will be released Friday.

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**InstaForex Gertrude** · 06-08-15, 09:17

Canadian dollar drops back to 11-year low on weak commodity prices

The Canadian dollar fell back to an 11-year trough Wednesday as weak oil and other commodity prices offset the decline in the country's June trade deficit. US crude prices ended at $45.15 a barrel, while Brent crude closed at $49.59. Also, Statistics Canada reported a trade deficit of C$476 million ($361 million), the smallest in seven months. The loonie closed at 75.83 US cents from Tuesday's 75.87 US cents. Better than projected trade data lifted the currency, but then began to “trade again with commodities and US yields,” said Matt Perrier, Managing Director of Foreign Exchange Sales at BMO Capital Markets. Meanwhile, the Canadian employment data will be released Friday.

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**InstaForex Gertrude** · 07-08-15, 09:11

Gbp/jpy Takes Support at 193, Jump Till 195 Is Possible

Potential reversal zone (PRZ) - 193 GBP/JPY retreated after making a high of 195. trend is still bullish as long as support 193 holds. Any break below 193 will drag the pair further down till 192/191 in short term. On the higher side GBP/JPY is facing short term resistance around 194.20 and any break above will target 195/195.25. It is good to buy at dips around 193.50 -55 with SL around 192.95 for the TP of 194.50/195

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**InstaForex Gertrude** · 10-08-15, 08:11

Gbp/jpy Breaks Major Support 193, Targets 190.60

Potential Reversal zone (PRZ)- 193 GBP/JPY has broken short term trend line support and also PRZ . It confirms short term weakness , a decline till 190.55 cannot be ruled out. On the downside any break below will target 192/190.60 in short term. The pairs minor resistance are 193.10/193.75/194.25. Weekly Major resistance - 194.25 Major support - 192 It is good to sell on rallies around 192.85-90 with SL around 193.60 for the TP of 191/190.55.

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**InstaForex Gertrude** · 11-08-15, 07:42

Fxwirepro: Usd/jpy Faces Strong Support Near 124,good to Buy at Dips

USD/JPY has made a temporary top around 125 and retreated from that level. Overall trend is till bullish as long as short term support 124 holds. It has made a low of 124.09 on Friday and has started to recover from that level. On the downside major support is around 124 (20 day MA) and any break below will target 123.50/123 in short term. Major intraday resistance 125 and intraday support -124. Any break of 125 will extend gains till 125.85. It is good to buy around 124.35-40 with SL around 123.95 for the Tp of 125.84

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**InstaForex Gertrude** · 12-08-15, 07:09

Eur/jpy Breaks Short Term Resistance 138, Targets 140

EUR/JPY has broken major resistance 138 and this confirms short term bullishness , a jump till 141 cannot be ruled out. Short term weakness can be seen only below 136.85 level.Any break below 136.85 will drag the pair further down till 136/135. On the higher side minor resistance is around 139.20 and break above would extend gains till 140./141. Intra day major resistance -139.20 and major support level -136.90. It is good to buy at dips around 138.10-15 with SL around 136.80 for the TP of 140/140.90.

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**InstaForex Gertrude** · 13-08-15, 08:09

Eur/usd Faces Strong Resistance Around 1.1218, Further Bullishness Only Above That Level

EUR/USD has recovered till 1.12123 and retreated from that level. It is facing strong resistance around 1.1218 (61.8% retracement of 1.1465 and 1.08190) and any break above only will confirm further bullishness. Any break above would extend gains till 1.1250/1.1280 in short term. On the downside minor support is around 1.1130 and any break below will drag the pair further down till 1.1080/1.1035/1.100. Bearish invalidation only above 1.1218. It is good to sell on rallies around 1.1175-80 with SL around 1.1220 for the TP of 1.1085/1.1035

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**InstaForex Gertrude** · 14-08-15, 08:53

Companies burdened by Bitlicense’s Real Cost

The August 8 deadline for New York's bitcoin companies to apply for BitLicense saw many companies of the cryptocurrency ecosystem halting their operations in New York. While different companies cited different reasons for their unwillingness to apply, the hefty non-refundable application fee of $5000 played a crucial part. On the other hand, the companies that did apply for the BitLicense had to bear high cost not only in monetary terms but also non-monetary terms. While speaking to CoinDesk, George Frost, executive VP and chief legal officer at Bitstamp, the world's third largest exchange in terms of BTC/USD trading volume, said, "Applying for the BitLicense is an expensive and difficult process, as many have noted. Some other firms have chosen to abandon the New York market entirely, rather than comply. We do not fault them for doing so". "Our UK parent company has contributed a lot of time, expertise and money in the BitLicense effort, but much of this investment will benefit the entire Bitstamp group," said Frost. However, unlike Bitstamp, which employs nearly 50 people reportedly, there are other relatively smaller and new start-ups like MonetaGo, who have also applied for BitLicense. "Given that we are a new startup company we have been extremely diligent with our expenditures. In terms of hard costs we've spent approximately $50,000 ... by far the biggest costs have been the man-hours to date," said Patrick Manasse, chief compliance officer. Patrick said that the team invested nearly 1,200 hours to compile the documentation for the BitLicense application, and pointed out that an additional 2,000 man hours had been already spent in formulating MonetaGo's global compliance program. "Add to this programmers and developers putting in place systems and service providers, and you start to get a sense of the size and scope of the undertaking," he said, noting: "If all the hours were added up, the total would easily be upwards of a quarter million US dollars." Yet another cryptocurrency exchange, Bittrex, applied for the license. Bill Shihara, Bittrex founder, told CoinDesk that the process is expected to have cost his company somewhere between $18,000 and $20,000, along with nearly 80 hours of compiling and reviewing the documentation. "I am sure larger companies incurred much higher costs than we did ... we were lucky that we had a lot of the paperwork already available."

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**InstaForex Gertrude** · 15-08-15, 08:48

Euro modestly changed following German GDP data

The euro was somewhat changed Friday as the German gross domestic product climbed in the second quarter. Official figures showed Germany's GDP escalated 0.4%, previously 0.3%. The common currency ended at 1.1147 to the US dollar, 0.7142 to the British pound, and 1.0881 to the Swiss franc. Against the Japanese yen, it finished at ¥138.66. Meanwhile, Greek legislators have begun debating on the new €85 billion bailout.

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**InstaForex Gertrude** · 18-08-15, 07:43

Aussie Takes Support Near 0.7340, Jump Till 0.7500 Is Possible

AUD/USD consolidates in narrow range 0.7340-0.73955 for the past two trading session. Major trend reversal level- 0.7400 Break above would extend gains till 0.7450/0.7500 in short term. On the downside minor support is around 0.7340 and break below targets 0.7300/0.7250 in short term. It is good to buy around 0.7375 with SL around 0.7340 for the TP of 0.7490.

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**InstaForex Gertrude** · 19-08-15, 05:04

Usd/jpy Range-Trading Near 124.31-39 Hourly Ichimoku Cloud

Pair move little over last 24 hours
200 HMA at 124.50 above

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**InstaForex Gertrude** · 20-08-15, 07:44

Eur/usd Recovers After Dovish Fomc Minutes, Targets 1.12150

EUR/USD recovers from low of 1.1016 after dovish FOMC minutes has broken short term resistance 1.1130 and is trading at 1.11320. On the higher minor resistance is around 1.1150 and break above would extend gains till 1.1178/1.1210. Overall trend reversal only above 1.1215 and break above would target 1.1348/1.1468. On the downside minor support is around 1.1070 and break below will drag the pair further down 1.1045/1.1000. It is good to buy at dips around 1.1100 with SL around 1.1050 for the TP of 1.1215

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**InstaForex Gertrude** · 20-08-15, 09:12

Australian dollar holds earlier advances

The Australian dollar retained its earlier gains Thursday, levelling off earlier following a volatile session. The currency also lost momentum in the light of slumping oil prices, but surged following the minutes of the Federal Reserve's July policy meeting showed apprehensions about increasing interest rates in September. The Aussie finished at 66.03 euro cents from Wednesday's 66.45 euro cents, and 73.52 US cents from 73.53 US cents.

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**InstaForex Gertrude** · 21-08-15, 05:24

Japan Manufacturing Sector Picks Up Steam In August - Nikkei

The manufacturing sector in Japan continued to expand in August, and at an accelerated pace, a preliminary survey from Nikkei revealed on Friday, with a Performance of Manufacturing Index score of 51.9. That's up from 51.2 in July, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components, the output index slipped to 51.9 from 52.2 in July. Growth in production was little changed from July's five-month high.

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