Forex News from InstaForex

**InstaForex Gertrude** · 22-08-15, 03:52

Canadian Dollar Extends Slide Against Majors

The Canadian dollar extended its early decline against the other major currencies in New York deals on Friday. The loonie fell to 1.4840 against the euro, lowest since June 2014. The loonie dropped to 0.9646 against the aussie and 1.3142 against the greenback, off early 8-day high of 0.9536 and a 2-day high of 1.3058, respectively. The loonie declined to near a 9-month low of 93.28 against the yen, from an early high of 94.45. The next possible support for the loonie is seen around 1.33 against the greenback, 1.49 against the euro, 0.97 versus the aussie and 92.00 against the yen.

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**InstaForex Gertrude** · 24-08-15, 05:12

Korean Won Touches 1200 on Opening Trades

USD/KRW opens on Monday at 1198
Kospi down 0.8% but all eyes now on SSEC performance on Monday
JPY/KRW 9.83 (up 0.5%)

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**InstaForex Gertrude** · 25-08-15, 08:39

China Leading Index Rises 0.9% In July - Conference Board

A leading economic index for China remained positive in July, the latest survey from the Conference Board showed on Tuesday, advancing 0.9 percent. That follows the downwardly revised 0.6 percent increase in June (originally up 1.0 percent) and the 1.1 percent jump in May. The coincident jumped 1.1 percent, up sharply from the downwardly revised 0.2 percent increase in the previous month (originally up 0.4 percent).

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**InstaForex Gertrude** · 26-08-15, 08:32

Volkswagen July vehicle sales down 3.7 percent on China, Russia

The vehicle sales of Volkswagen, a German carmaker, slipped 3.7% in July, and were down 1% over the January to July period, affected by weak markets in China, Russia, and Bazil. In a statement, Christian Klinger, carmaker's head of group sales, said the overall economic situations of those three countries remain difficult.

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**InstaForex Gertrude** · 27-08-15, 06:57

NZ Dollar Advances Against Most Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Thursday. The NZ dollar rose to 0.6473 against the U.S. dollar, from yesterday's closing value of 0.6431. Against the yen and the euro, the kiwi edged up to 77.85 and 1.7498 from yesterday's closing quotes of 77.14 and 1.7555, respectively. If the kiwi extends its uptrend, it is likely to find resistance around 0.67 against the greenback, 83.00 against the yen and 1.66 against the euro.

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**InstaForex Gertrude** · 28-08-15, 08:14

China Industrial Profits Fall In July

Profits earned by Chinese industrial enterprises decreased in July after rising in the previous month, figures from the National Bureau of Statistics showed Friday. Industrial profits fell 2.9 percent year-over-year to CNY 471.56 billion in July following a 0.3 percent rise in the preceding month. The agency said the fall in industrial profit for the month was impacted by a slowdown in industrial production and sales growth, a decline in industrial producer prices and raw material purchase price, and a fall in investment income. During the first seven months of the year, total industrial profits declined by 1.0 percent as compared to the corresponding period last year. Among sub sectors, profits earned by mining industry plunged 57.4 percent in the January to July period, while manufacturing sector registered profit growth of 5.7 percent.

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**InstaForex Gertrude** · 01-09-15, 06:19

Australian dollar tumbles despite higher crude prices

The Australian dollar dropped Monday although US crude oil ended almost 9% higher on lower domestic production estimate. US crude oil futures settled at $49.20 a barrel. The Aussie stood at 63.48 euro cents from Friday's 63.62 euro cents, and 71.17 US cents from 71.42 US cents.

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**InstaForex Gertrude** · 02-09-15, 05:31

Canadian dollar wipes out advances as oil prices slide

The Canadian dollar erased earlier gains Tuesday as crude prices slumped on worries about how the degenerating growth in China can affect the global economy. That made the oil price lose 8%. Prices had surged almost 25% over three sessions. The loonie stood at 75.63 US cents from Monday's 76.01 US cents. No one places much confidence on oil prices. It remains noisy “and there's still a lot of volatility,” said Amo Sahota, Director at Klarity FX. The currency jumped earlier as the Canadian economy constricted by 0.5% in the second quarter.

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

US dollar dives as Asian equities falter

The US dollar declined Tuesday as Asian equities waddled, favoring safe-haven assets including the Japanese yen. The Nikkei slid 1.7%, as Shanghai stocks dropped on weak Chinese import data. Trading was also subdued as US markets are shut for Labor Day holiday. The greenback stood at $1.1190 per euro and $1.5298 per British pound. Against the Japanese yen, the currency closed at ¥119.00. Looking at the USD/JPY, the pair has been affected by equities, specifically “the impact of Chinese shares on Japanese stocks," said Koji Fukaya, President at FPG Securities.

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**InstaForex Gertrude** · 09-09-15, 08:44

Yen Little Changed After Japan Consumer Confidence Indexl

The Cabinet office released the Japan consumer confidence index for August at 1:00 am ET Wednesday. After the data, the yen changed little against its major rivals. As of 1:01 am ET, the yen was trading at 134.28 against the euro, 185.00 against the pound, 122.67 against the Swiss franc and 120.25 against the U.S. dollar.

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**InstaForex Gertrude** · 11-09-15, 08:44

Indian Rupee Rises To 2-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the morning deals on Friday. Against the greenback, the rupee rose to a 2-day high of 66.2900 from yesterday's closing value of 66.3500. If the rupee extends its uptrend, it is likely to find resistance around the 65.60 area.

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**InstaForex Gertrude** · 16-09-15, 07:42

Mexico Leading Index Falls For Third Month: Conference Board

The leading index for Mexico, which measures the future economic activity, decreased for the third consecutive month in July, as majority of its components made negative contributions, figures from Conference Board showed Tuesday. The Conference Board leading economic index fell 1.6 percent in July, following a revised 0.7 percent decrease in June. Out of the six components, only one contributed positively to the index in July. The index declined by 1.9 percent between January and July 2015, but the contraction was not as deep as the decline of 5.5 percent over the previous six months. At the same time, the coincident index that reflects the current economic acticity rose 0.3 percent in July, the same rate of increase as in the previous month. Two of the three components gained during the month.

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**InstaForex Gertrude** · 07-10-15, 10:16

Taiwan CPI Rises Unexpectedly In September

Taiwan's consumer prices increased unexpectedly in September, figures from the Taiwan National Statistics showed Wednesday. The consumer price index rose 0.28 percent year-over-year in September, confounding economists' expectations for a 0.5 percent fall. In August, prices had fallen the same 0.5 percent. Food prices grew 5.85 percent annually in September and health costs went up by 0.31 percent. Meanwhile, costs for transport and communication declined 6.59 percent and clothing prices dropped by 0.67 percent. On a monthly basis, consumer prices climbed 0.68 percent in September. In a separate report, the statistical office announced that wholesale prices fell at a slower pace of 8.6 percent yearly in September, following a 9.4 percent decrease in August. Economists had expected a 8.8 percent decline for the month. Prices have been falling since September last year. Month-on-month, wholesale prices edged up 0.09 percent. Import prices plunged 12.2 percent in September from a year ago, while it rose 0.07 percent from the preceding month.

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**InstaForex Gertrude** · 08-10-15, 05:25

Japan August Current Account Surplus Y1.653 Billion

Japan posted a current account surplus of 1.653 billion yen in August, the Ministry of Finance said on Thursday. That exceeded forecasts for a surplus of 1.226 billion yen following the 1.808 billion yen surplus in July. The trade balance came in at a deficit of 326.1 billion yen following the 108.0 billion yen shortfall in the previous month. Exports added 3.6 percent on year to 5.857 trillion yen after climbing 4.6 percent to 6.544 trillion in July. Imports slipped an annual 4.9 percent to 6.184 trillion yen after dipping 6.5 percent to 6.652 trillion yen a month earlier. The capital account reflected a shortfall of 10.1 billion yen, the ministry said, while the financial account saw a surplus of 1.938 trillion yen. The adjusted current account balance was a surplus of 1.590 trillion yen, topping expectations for 1.226 trillion yen and up from 1.321 trillion yen a month earlier.

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**InstaForex Gertrude** · 12-10-15, 09:08

JPMorgan’s Chang Says Fed Rate Hike Would Help Emerging Markets

Joyce Chang, global head of research at JPMorgan Chase & Co., said a U.S. Fed rate hike would help emerging markets by lowering uncertainty that has kept investors from taking on risk there. Last month, official kept the rate near zero to see if slower growth in China undermines their forecast that U.S. inflation will move back to the Fed's 2% target. David Fernandez, head of fixed-income, currencies and commodities research for the Asia Pacific region at Barclays Plc, said during the panel discussion that emerging markets would benefit if the U.S. Federal Reserve increased rates.

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**InstaForex Gertrude** · 23-10-15, 06:03

China Leading Index Jumps 1.6% In September - Conference Board

A leading economic index for China spiked in September, the latest survey from Conference Board revealed on Friday, climbing 1.6 percent. That follows the 1.0 percent increase in August and the 0.9 percent gain in July. The coincident index skidded 1.2 percent after rising 0.7 percent in August and 1.0 percent in July. "China's economic situation, as measured by the coincident index, slowed substantially in September, due to very weak consumer demand and a struggling industrial sector," said Andrew Polk, resident economist at the Conference Board China Center in Beijing.

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**InstaForex Gertrude** · 16-11-15, 07:26

US Treasury urges Japan to bolster economy

US Treasury Secretary Jack Lew has pressed Japan to proffer fiscal support to its economy to reignite growth in the country. Lew, in a statement, made the remarks during a bilateral meeting with Japanese Finance Minister Taro Aso on the sidelines of a G20 summit in Antalya, Turkey. He urged the country to fine-tune their fiscal policy to avert sluggish growth in the near future and ensure the return to domestic demand-driven growth can uphold consolidation efforts over the medium term. The Japanese economy slid 0.2% in the third quarter. The nation has faced recession four time since the global financial crisis.

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**InstaForex Gertrude** · 23-11-15, 07:23

Japan government plans to raise minimum wage to boost economy: draft

Japanese government is planning to raise the minimum wage paid to other workers to strengthen its economy, and to meet its target nominal GDP to 600 trillion yen in 5 years, a draft of economic stimulus measures showed on Monday. A Reuters-obtained draft showed that the government is also offering some financial support to people living off their pensions to boost consumer spending. Prime Minister Shinzo Abe's government will also provide a time frame for lowering the corporate tax rate below 30% to improve competitiveness, the draft showed.

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**InstaForex Gertrude** · 24-11-15, 04:16

US politicians condemn Pfizer-Allergan deal

US politicians slammed Pfizer Inc.'s decision to acquire Allergan Plc for $160 billion, considering the move as tax evasion. Democrats heavily criticized Pfizer, with Hillary Clinton accusing the drugmaker of utilizing legal loopholes to dodge its fair share of taxes and leaving the burden on American taxpayers. Senator Bernie Sanders said the agreement would enable major US companies to conceal its profits abroad. Republican presidential candidate Donald Trump, who pressed for overhauling corporate tax, described the deal as disgusting. Under the deal, the merged company will be called Pfizer and will be operated by Pfizer Chief Executive Ian Read. Also, the executive management will remain in New York, as well as its extensive operations throughout the country.

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**InstaForex Gertrude** · 24-11-15, 05:57

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against the other major currencies in the Asian session on Tuesday. The U.S. dollar fell to a 5-day low of 122.67 against the yen and a 4-day low of 1.0169 against the Swiss franc, from yesterday's closing quotes of 122.84 and 1.0179, respectively. Against the euro and the pound, the greenback dropped to 1.0645 and 1.5139 from yesterday's closing quotes of 1.0635 and 1.5122, respectively. The greenback edged down to 1.3341 against the Canadian dollar, from yesterday's closing value of 1.3364. If the greenback extends its downtrend, it is likely to find support around 121.00 against the yen, 1.00 against the franc, 1.08 against the euro, 1.53 against the pound and 1.31 against the loonie.

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