Forex News from InstaForex

**InstaForex Gertrude** · 24-06-15, 06:41

US dollar slides to new 1-month lows on calm inflation data

The US dollar skidded to new one-month trough on Friday, as inflation data aggravated the uncertainty over the timing of Federal Reserve's interest rate hikes. A measure of core inflation went up almost 0.1% in May, the smallest increase in five months. The greenback stood at $1.1373 per euro. Against the Japanese yen, the dollar closed at ¥123.080. It seems the US markets were contented with the view this week's FOMC meeting “reduced the chances of more than one rate hike before year end,” said Ray Attrill, Global Co-head of FX Strategy at National Australia Bank.

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**InstaForex Gertrude** · 25-06-15, 04:37

US dollar turns in advances on deadlock in Greek talks

The US dollar stabilized on Thursday as debt talks seeking to avert a Greek debt default reached a bump, with the market seemed to shift back to likelihoods of higher interest rates from Greece. The greenback stood at $1.1204 per euro from Tuesday's $1.1135. Against the Japanese yen, the dollar hit ¥123.88 from ¥124.38 earlier. EUR/USD responded less, unlike USD/JPY on underlying positivity an agreement will be closed as it remains intact “amid pessimism over the talks breaking down,” said Junichi Ishikawa, Market Analyst at IG Securities. Meanwhile, European leaders are scheduled to meet in Brussels Thursday.

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**InstaForex Gertrude** · 30-06-15, 06:28

AT&T, DirecTv extend 'termination date' for second time

The No. 2 telecom company in the U.S., AT&T Inc., said it has extended the “termination date” of the merger agreement with DirecTV, the second time in 2 months. In a regulatory filing, the company said the extension is aimed at obtaining final regulatory approval for the merger. In May last year, AT&T offered to buy DirecTV to create the largest U.S. pay TV company.

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**InstaForex Gertrude** · 01-07-15, 04:51

British pound strengthens as UK economy improves

The British pound accelerated on Tuesday as UK economy improves and the likelihood of an interest rate hike increases. Consumer confidence in the United Kingdom leaped to its highest level in more than 15 years in June, with monthly sentiment index bounced to +7 from +1 in May. Sterling surged to 70.85 British pence per euro from Monday's 69.89 British pence. Against the US dollar, the pound closed at $1.5726. The UK and the United States are the only two countries that seem to have “central banks that are teeing markets up for slightly less accommodative monetary policy,” said Gavin Friend, Strategist at National Australia Bank Ltd.

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**InstaForex Gertrude** · 02-07-15, 05:40

US dollar ascends on upbeat ADP jobs data

The US dollar strengthens on Thursday as the market is preparing for a bunch of US data ahead of the July 4 Independence Day. Based on the ADP National Employment Report, private employers added 237,000 in June, the largest gain since December. The greenback finished at $1.1044 per euro. Against the Japanese yen, the dollar fetched ¥123.22. Additional improvement in the labor sector may bolster speculations for a rate hike this year. But it “risks a further delay in the Fed's normalization cycle,” said David Song, Currency Analyst at DailyFX.

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**InstaForex Gertrude** · 03-07-15, 08:12

British pound recuperates amid upbeat UK construction data

The British pound regained from two-week troughs versus the US dollar Thursday following UK construction output increased in June. Markit reported the UK construction purchasing managers' index climbed to 58.1 from 55.9 in May. Against the US dollar, sterling stood at $1.5640. The pound finished at 71.04 pence per euro. We notice some moderate selling in the US dollar, with jobs figures “helping the euro and the pound,” said a London-based spot trader. Risks to the UK economy lurk in the likelihood of Greece's eurozone exit. But in the short run, ructions in the region could cultivate safe-haven inflows into the country.

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**InstaForex Gertrude** · 06-07-15, 06:47

Usd/idr Sustain Firm Above 13350

Pair gaps up at open to 13340-360 and traded firm since
Pair traded 13350-370 range so far, last at 13350-360
NDFs shot higher to 13440-470; JKSE -0.47%

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**InstaForex Gertrude** · 07-07-15, 05:45

Eur/usd Calm ahead of Eu Summit

Time running out as debt repayments loom and Greek banks strapped for cash Pair under pressure as market awaits the result of yet another EU summit EU leaders are urging Greek PM Tsipras to come up with firm proposal Greece likely to propose relief on their debt in exchange for austerity EU so far has resisted any proposals involving Greek debt relief If no sign of deal materializes it will likely weigh on EUR sentiment

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**InstaForex Gertrude** · 08-07-15, 03:56

Japan May Current Account Surplus Y1.880 Trillion

Japan posted a current account surplus of 1.880 trillion yen in May, the ministry of Finance said on Wednesday - surging 266.7 percent on year. The headline figure topped expectations for a surplus of 1.570 trillion yen following the 1.326 trillion yen surplus in April. The trade balance reflected a deficit of 47.3 billion yen - also beating forecasts for a shortfall of 283.8 billion yen following the 146.2 billion yen shortfall in the previous month. Exports were down 0.1 percent on year to 5.707 trillion yen following the 4.1 percent jump in April. Imports tumbled an annual 10.3 percent to 5.754 trillion yen following the 5.9 percent decline a month earlier. The capital account had a deficit of 8.9billion yen, the ministry said, while the financial account saw a surplus of 3.629 trillion yen. The adjusted current account surplus was 1.636 trillion yen - which beat forecasts for 1.375 trillion yen following the 1.274 trillion yen surplus a month earlier. Also on Wednesday, the Bank of Japan said that overall bank lending in Japan was up 2.5 percent on year in June, coming in at 487.773 trillion yen. That was in line with expectations, and down from the 2.6 percent increase in May. Excluding trusts, bank lending advanced 2.6 percent to 424.212 trillion yen. That beat forecasts for an increase of 2.5 percent following the 2.7 percent gain in the previous month. Lending from trusts added an annual 1.9 percent to 63.561 trillion yen, while lending from foreign banks tumbled an annual 15.3 percent to 1.843 trillion yen.

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**InstaForex Gertrude** · 09-07-15, 02:36

Japan M2 Money Stock Rises 3.8% In June

The M2 money stock in Japan advanced 3.8 percent on year in June, the Bank of Japan said on Thursday - worth 908.7 trillion yen. That missed expectations for an increase of 4.0 percent following the upwardly revised 4.1 percent gain in May (originally 4.0 percent). The M3 money stock gained an annual 3.1 percent to 1,224.3 trillion yen - also below forecasts for 3.3 percent, which would have been unchanged from the previous month. The L money stock gained 4.3 percent to 1,617.4 trillion yen following the 4.5 percent jump a month earlier.

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**InstaForex Gertrude** · 10-07-15, 02:53

Japan Corporate Service Prices Dip 0.2% In June

An index monitoring corporate service prices in Japan was down 0.2 percent on month in June, the Bank of Korea said on Friday. That missed forecasts for an increase or 0.1 percent following the downwardly revised 0.2 percent increase in May (originally 0.3 percent). On a yearly basis, prices dipped 2.4 percent - also shy of expectations for a fall of 2.2 percent - which would have been unchanged from the previous month following a downward revision from -2.1 percent. Export prices were flat on month and down 4.2 percent on year, the bank said, while import prices added 1.2 percent on month but tumbled 17.6 percent on year.

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**InstaForex Gertrude** · 10-07-15, 06:12

Euro Rises Against Majors

The euro strengthened against the other major currencies in the Asian session on Friday. The euro rose to a 3-day high of 135.22 against the yen, from yesterday's closing value of 133.86, respectively. Against the pound and the Swiss franc, the euro advanced to 0.7207 and 1.0498 from yesterday's closing quotes of 0.7168 and 1.0454, respectively. Moving away from an early near 2-week low of 1.6342 against the NZ dollar, the euro appreciated to 1.6415. At yesterday's close, the euro was trading at 1.6518 against the kiwi. Against the U.S. and the Canadian dollars, the euro edged up to 1.1088 and 1.4089 from yesterday's closing quotes of 1.1032 and 1.4017, respectively. If the euro extends its uptrend, it is likely to find resistance around 138.00 against the yen,0.74 against the pound, 1.06 against the franc, 1.67 against the kiwi, 1.13 against the greenback and 1.44 against the loonie.

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**InstaForex Gertrude** · 11-07-15, 03:50

Australian dollar steadies as Greece summit impends

The Australian dollar stabilized on Friday before the anticipated eurozone summit on Sunday. Earlier, the Greek government presented a new bailout plan to its lenders, which showed sales tax and pension reductions. The Aussie ended at 67.47 euro cents from Thursday's 67.42 euro cents, and 74.78 US cents from 74.77 US cents.

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**InstaForex Gertrude** · 13-07-15, 06:51

New Zealand dollar saps despite Greek debt woes

The New Zealand dollar devitalized Monday as concern escalated regarding the future of Greece following eurozone leaders amplified their demands for reforms over the weekend. At an emergency summit on Sunday, eurozone leaders pressed Greek officials to revise key tax, pension, and privatization reforms by Wednesday before resuming talks. The kiwi closed at 60.33 euro cents from Friday's 60.92 euro cents, 67.01 US cents from 67.22 US cents, and 43.17 British pence from 43.89 British pence. The currency ended at ¥81.91 from ¥82.31, and 90.29 Australian cents from 90.34 Australian cents. Optimism encompassing a Greek deal has slightly faded this morning, “as euro-zone leaders are yet to formally agree on a path forward,” said Raiko Shareef, Currency Strategist at Bank of New Zealand.

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**InstaForex Gertrude** · 14-07-15, 03:34

Singapore Second Quarter GDP Slows To 1.7%

Singapore's gross domestic product gained 1.7 percent on year in the second quarter of 2015, the Ministry of Trade and Industry said in Tuesday's advance estimate. That was well shy of forecasts for an increase of 3.2 percent and down from the upwardly revised 2.8 percent growth in the first quarter (originally 2.6 percent). Seasonally adjusted and on an annualized quarterly basis, GDP tumbled 4.6 percent - missing by a mile forecasts for an increase of 1.0 percent. GDP had expanded an upwardly revised 4.2 percent on quarter in the three months prior (originally 3.2 percent). The manufacturing sector contracted 4.0 percent on year in the second quarter, extending the 2.7 percent decline in the previous quarter. The contraction was largely due to a fall in output in the biomedical manufacturing and transport engineering clusters. On a quarterly basis, the sector contracted at an annualized rate of 14.0 percent, reversing the 0.4 percent expansion in the three months prior. The construction sector expanded 2.7 percent on year in the second quarter, up from the 2.1 percent growth in the previous quarter. Growth was supported by stronger expansion in public sector construction activities. On a quarterly basis, the sector contracted at an annualized rate of 0.2 percent, in contrast to the 8.3 percent gain in the preceding quarter. Growth in the services producing industries came in at 3.0 percent on year in Q2, easing from 4.2 percent in the previous quarter. The moderation in growth was largely due to slower expansion in the wholesale and retail trade and business services sectors, as well as a contraction in the transportation and storage sector. On a quarterly basis, the services producing industries contracted at an annualized rate of 2.6 percent, reversing the 3.8 percent growth in Q1.

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**InstaForex Gertrude** · 14-07-15, 07:53

Canadian dollar recedes as markets shift focus on BOC, Fed

The Canadian dollar retreated Monday, as markets have turned their attention on the Bank of Canada and Federal Reserve following Greece closed an agreement with its international lenders. Bank of Canada is set to release its interest rate decision Wednesday, while prospects of Fed increasing rates in September were renewed. The loonie finished at 78.49 US cents from Friday's 78.87 US cents. The likelihood of BOC reducing rates is somewhat weighing on the loonie. “That explains some of the early weakness today,” said Mark Chandler, Head of Canadian Fixed Income and Currency Strategy at RBC Capital Markets. Last week, Statistics Canada reported unemployment rate stayed at 6.8% for the fifth consecutive month. The country also gained a net 32,800 jobs.

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**InstaForex Gertrude** · 15-07-15, 04:30

Australia Consumer Confidence Slides In July - Westpac

Consumer confidence in Australia deteriorated further in July, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday - sliding 3.2 percent on month to a seven-month low index score of 92.2. That follows the 6.9 percent plunge in June to a score of 95.3 - still below the boom-or-bust line of 100 that separates optimists from pessimists. Among the individual components, the outlook for economic conditions over the next year tumbled 10.4 percent. For the next five years, the index fell 4.4 percent. The index for if it was a good time to buy a major household item added 0.2 percent.

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**InstaForex Gertrude** · 15-07-15, 07:24

Greek PM says a leader cannot abandon ship during a storm

Greek Prime Minister Alexis Tsipras seemed to rule out stepping down early or conceding power to a national unity government with opposition parties after being forced to abandon election promises and accept painful austerity measures. Tsipras said in an interview with Greek state television that a prime minister had the duty to fight and tell difficult truths and take hard decisions.

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**InstaForex Gertrude** · 16-07-15, 04:27

Singapore Non-Oil Domestic Exports Rise 4.7% In June

Non-oil domestic exports in Singapore were up 4.7 percent on year in June, International Enterprise Singapore said on Thursday. That beat forecasts for an increase of 2.0 percent following the 0.3 percent contraction in May. Electronics exports surged an annual 7.6 percent in June, also topping expectations for a gain of 2.4 percent following the 2.5 percent contraction in the previous month. Non-electronic exports were up 3.6 percent after adding 0.6 percent a month earlier. Non-oil re-exports gained 1.9 percent on year after falling 2.8 percent in May.

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**InstaForex Gertrude** · 17-07-15, 05:04

Australia Leading Index Adds 0.2% In May - Conference Board

The outlook for the Australian economy turned positive again in May, the Conference Board said on Friday, as its leading economic index added 0.2 percent. That follows the 0.3 percent decline in April and the flat reading in March. The LEI got positive contributions from sales to inventory ratio, rural goods exports, yield spread, building approvals and gross operating surplus. Money supply and share prices were down. The coincident index advanced 0.3 percent after gaining 0.1 percent in April and 0.3 percent in March. The CEI got positive contributions from employment, household disposable income and industrial production.

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