Forex News from InstaForex

**InstaForex Gertrude** · 07-01-14, 06:19

Australian Dollar Drops To 4-day Low Against Yen

The Australian dollar declined against the Japanese yen in early Asian deals on Tuesday.
The aussie touched a 4-day low of 93.19 against the yen, down by 0.3 percent from Monday's closing value of 93.44. If the aussie extends slide, it may break support at the 92.00 zone.

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**InstaForex Gertrude** · 08-01-14, 08:36

Australian Dollar Drops To 4-day Low Against Yen

The total number of job vacancies in Australia dropped 14.9 percent on year in November, the Australian Bureau of Statistics said on Wednesday, falling to 140,000.
Compared to the previous three months, total job vacancies eased 0.3 percent after rising 3.1 percent in the three months to October.
Private sector job vacancies dipped 0.1 percent in the past three months and 15.1 percent on year, falling to 129,500. Public sector job vacancies dropped 3.6 percent in the last three months and 12.8 percent on year, falling to 10,500.

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**InstaForex Gertrude** · 09-01-14, 07:47

China Inflation +2.5% On Year In December

Consumer prices in China were up 2.5 percent on year in December, the National Bureau of Statistics said on Thursday - below forecasts for 2.7 percent and slowing from 3.0 percent in November.
Producer prices were down 1.4 percent on year - unchanged versus forecasts for -1.3 percent.
For all of 2013, consumer prices were up 2.6 percent on year and producer prices dipped 1.9 percent on year.

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**InstaForex Gertrude** · 10-01-14, 07:20

NZ Dollar Drops To 1-week Low Against Euro

Extending its overnight downtrend, the New Zealand dollar reached a weekly low of 1.6522 against the euro on Friday morning in Asia.
With the pair staying above its key simple moving average levels, the next likely support for the kiwi is seen around the 1.6565 area.

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**InstaForex Gertrude** · 13-01-14, 07:05

Yen Climbs To 4-day High Against Franc

The Japanese yen strengthened against the Swiss franc in early Asian deals on Monday.
The yen reached a 4-day high of 115.15 against the franc, compared to Friday's close of 115.30. The next possible upside target for the yen lies around the 114.00 zone.

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**InstaForex Gertrude** · 14-01-14, 06:44

Usd/krw Trades up to 1059.7 As Tokyo Goes on Usd buying Spree

US Dollar strong across the board led by latent USD demand out of Tokyo USD/JPY up to 103.43, UK name, Japan mega bank amongst aggressive buyers.

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**InstaForex Gertrude** · 15-01-14, 07:18

Pound At 2-day High Against Euro

The pound strengthened against the euro in Asia on Wednesday. The pound hit a 2-day high of 0.8305 against the euro, up from yesterday's closing quote of 0.8319. Further uptrend could help the pound to face resistance around the 0.82 zone.

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**InstaForex Gertrude** · 16-01-14, 06:58

UK House Price Balance Dips To 56% - RICS

An index monitoring house prices in the United Kingdom came in with a score of 56 percent in December, the latest survey from the Royal Institution of Chartered Surveyors revealed on Thursday.

That was shy of forecasts for 60 percent, and down from the reading of 58 percent in November - although the index remained above 50 percent for the fourth consecutive month.

Among the individual components of the survey, expectations for an increase in house prices climbed to 61 percent from 59 percent in the previous month.

Also, the sales-to-stock ratio climbed to 35.2 percent from 34.6 percent a month earlier.

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**InstaForex Gertrude** · 17-01-14, 07:31

Japan Govt. Upgrades Economic Assessment

The Japanese government on Friday revised up its assessment of the economy for the first time in four months, as recovery picked up on the back of improvement in household income and business investment.
"The Japanese economy is recovering at a moderate pace," the Cabinet Office said in its monthly report.
The report noted that the economy may continue to recover as household income and business investment increase.
It also noted that exports were in a weak tone recently. However, industrial production is increasing at a moderate pace, according to the Cabinet Office.

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**InstaForex Gertrude** · 20-01-14, 09:44

Yen Little Changed Following Japan Industrial Production Data

After the release of Japan's final industrial production data for November in Asian deals on Monday at 11:30 pm ET, the yen changed little against other major currencies.
The yen was trading at 104.05 against the greenback, 170.76 against the pound, 140.76 against the euro and 114.13 against the franc around 11:33 pm ET.

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**InstaForex Gertrude** · 21-01-14, 03:57

Hong Kong CPI On Tap For Tuesday

Hong Kong will on Tuesday release December figures for inflation, highlighting a light day for Asia-Pacific economic activity. Overall inflation is expected to ease to 4.2 percent on year from 4.3 percent in November. Japan will see December numbers for condominium sales and supermarket sales; in November, they were up 22.3 percent and 0.7 percent on year, respectively.

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**InstaForex Gertrude** · 22-01-14, 07:41

Yen Rises After BOJ Rate Decision

The Bank of Japan kept monetary policy on hold in its decision in Asian deals on Wednesday. Following the announcement, the yen edged up against other major currencies.
The yen was trading at 104.23 against the greenback, 171.82 against the pound, 114.59 against the franc and 141.51 against the euro around 10:30 pm ET.

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**InstaForex Gertrude** · 23-01-14, 05:44

U.S. Dollar Advances Against Most Majors

The U.S. dollar strengthened against most major opponents in early Asian deals on Thursday.
The greenback rose to 104.84 against the yen for the first time since January 16.
The greenback advanced to 2-day highs of 0.9135 against the franc and 1.3530 against the euro, compared to yesterday's closing quotes of 0.9114 and 1.3547, respectively.
The next possible resistance for the greenback is seen around 0.92 against the franc, 1.345 against the euro and 105.6 against the yen.

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**InstaForex Gertrude** · 27-01-14, 09:55

Malaysian Ringgit Hits 3-1/2-year Low Against U.S. Dollar

The Malaysian Ringgit drifted lower against the U.S. dollar in Asian deals on Monday. The ringgit touched 3.3465 against the greenback, a level unseen since June 2010. The ringgit may find support at the 3.36 mark. At last week's close, the pair was worth 3.3345.

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**InstaForex Gertrude** · 28-01-14, 10:25

Chinese Industrial Profit Rise In 2013

China's industrial profits increased 12.2 percent in 2013 from the previous year, the National Bureau of Statistics said Tuesday.
Profits were up 13.2 percent during eleven months ended November.
In December alone, combined profits of industrial firms grew 6 percent to CNY 942.5 billion. But it was slower than the 9.7 percent growth posted in November.

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**InstaForex Gertrude** · 29-01-14, 07:35

Swiss Franc Slides To 5-day Low Against Euro

Retracing early gains, the Swiss franc slipped against the euro in Asian trading on Wednesday.
The franc declined to a 5-day low of 1.2295 per euro, off an early high of 1.2261. The franc is likely to face support at the 1.235 mark. The pair traded at 1.2270 at yesterday's close.

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**InstaForex Gertrude** · 30-01-14, 09:51

Philippine GDP Growth Slows In Q4

The Philippine economy grew at a slower pace in the fourth quarter, data from the National Statistical Coordination Board showed Thursday.
Gross domestic product rose 6.5 percent in the fourth quarter from last year, down from the revised 6.9 percent expansion registered in the previous quarter. Nonetheless, the rate exceeded the 6 percent consensus.
From the third quarter, seasonally adjusted GDP increased 1.5 percent, data showed. For 2013 as a whole, the economy grew 7.2 percent from the previous year.

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**InstaForex Gertrude** · 03-02-14, 09:50

Day ahead in the Fx Market

TUESDAY, FEB. 4 (GMT):
0330 - AUSTRALIA RBA CASH RATE FOR FEBRUARY Reserved Bank of Australia (RBA) cash rate for February is expected to have remain at 2.50 percent. 2145 - NEW ZEALAND HLFS UNEMPLOYMENT RATE FOR Q4 Jobless rate for Q4 is expected to rise 6.0 percent compared with a rise of 6.2 percent in Q3.
2145 - NEW ZEALAND HLFS JOB GROWTH FOR Q4 Job growth for Q4 is expected to rise 0.6 percent compared with a rise of 1.2 percent in Q3.
2145 - NEW ZEALAND LABOUR COST INDEX FOR Q4 Fourth quarter labour cost index data is expected to rise 1.7 percent from a year earlier, compared with a rise of 1.6 percent in Q3. Labour cost index for Q4 is expected to rise 0.6 percent, quarter-to-quarter, compared with a rise of 0.4 percent in previous quarter.
2145 - NEW ZEALAND HLFS PARTICIPATION RATE FOR Q4 Participation rate for Q4 is expected to have remain at 68.6 percent.

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**InstaForex Gertrude** · 07-02-14, 07:52

Fed's Rosengren: fED Balance Sheet Would Shrink Quickly Without Sales

"Our intention is to get back to a more normal size balance sheet," Boston Fed President Eric Rosengren said at a Florida conference, acknowledging the risk that interest rates are likely to rise in the future, leading to possible losses on the balance sheet that is now worth $4 trillion and growing.
"If we stopped purchasing mortgage backed securities, that part of the balance sheet comes down actually relatively quickly," he said.
As for the purchases of longer-term Treasury bonds, Rosengren said that side of the balance sheet also declines "surprisingly quickly by just not doing any purchases and not reinvesting."

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**InstaForex Gertrude** · 10-02-14, 09:04

Malaysia's Manufacturing Sales Continue To Rise

Malaysia's manufacturing sales continued to increase in December, the Department of Statistics said Monday. The sales value of the manufacturing sector rose 5.4 percent, after posting 4.7 percent growth in November. Compared with the preceding month, the sales value advanced 4 percent in December. Further, data showed that total employees engaged in the manufacturing sector in December totaled 1.03 million, an increase of 0.3 percent from November. Likewise, sales and wages grew 11.1 percent month-on-month in December. At the same time, productivity increased 3.6 percent from November and by 4.1 percent from December 2012.

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