Forex News from InstaForex

**InstaForex Gertrude** · 11-02-14, 07:11

China Money Markets on Edge

Short-term rates likely to rise with PBOC skipping open market operations Maturing reverse repos to drain CNY450 billion this week
Rates have been creeping up since markets reopened on Friday
PBOC inaction could fuel tightening fears

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**InstaForex Gertrude** · 12-02-14, 09:49

China January Exports and Imports Well Above Forecasts

China's exports beat expectations in January, rising 10.6 percent from a year earlier, while imports jumped 10 percent, leaving the country with a trade surplus of $31.9 billion for the month, the Customs Administration said on Wednesday.

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**InstaForex Gertrude** · 13-02-14, 07:38

Australia's Inflation Expectations Remain Unchanged In February

The expected inflation rate amongst Australian consumers remained unchanged and stayed well within the central bank's target band of 2 percent-3 percent, a monthly survey by the Melbourne Institute revealed Thursday.
Consumers forecast a 2.3 percent inflation over the coming twelve months, the same rate as estimated in January.
Viet Nguyen, a research fellow at the Melbourne Institute, said, "The moderate upticks in consumer inflationary expectations since September 2013 reflect, to a certain extent, expectations of moderate upticks in economic activity in the coming months."
This provides support for the Reserve Bank of Australia's current 'wait and see' stance, said Nguyen.

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**InstaForex Gertrude** · 14-02-14, 08:58

Australian Dollar Extends Rally After China CPI, PPI Data

Inflation in China rose 2.5 percent year-over-year in January, unchanged from last year and slightly higher than the 2.4 percent increase expected by economists. Producer price index dropped to 1.6 percent, in line with estimates following previous month's 1.4 percent drop.
The Australian dollar extended its uptrend against its major rivals following the report. As of 8:35 pm ET Thursday, the aussie was trading at 92.26 against the yen, 1.5172 against the euro, 1.0784 against the NZ dollar and 0.9020 against the US dollar.

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**InstaForex Gertrude** · 17-02-14, 11:11

Japan December Industrial Output Growth Revised Down To 7.1%

Japan's industrial production increased at a weaker pace in December than estimated earlier, revised figures from the Ministry of Economy, Trade and Industry revealed Monday.
Industrial production grew 7.1 percent in December from the corresponding month of last year, which is slightly weaker than the 7.3 percent gain the government had estimated on January 30. However, the December outcome was better than November's 4.8 percent rise.
Seasonally adjusted industrial production moved up 0.9 percent compared to November, after dropping by 0.1 percent in November. The flash estimates were for a bigger growth of 1.1 percent at the end of last year.
Data showed that Capacity utilization in Japanese companies climbed 2.2 percent sequentially in December, marking a sharp improvement from the 0.5 percent contraction estimated earlier.

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**InstaForex Gertrude** · 18-02-14, 10:03

Yen Declines As BoJ Keeps Monetary Policy Unchanged

The Japanese yen slipped against other major currencies on Tuesday's Asian deals after the Bank of Japan retained its monetary policy intact and said the economy is recovering moderately.
The Bank decided to expand monetary base at an annual pace of about 60-70 trillion yen.
The BOJ planned to double the scale of Stimulating Bank Lending and Growth-Supporting Funding facilities and extend the period of these facilities by an year.
The yen slipped to a 5-day low of 102.44 against the greenback, off early high of 101.76. Against the franc, euro and the pound, the yen declined to near 3-week lows of 114.84, 140.45 and 171.34, easing from early highs of 114.13, 139.50 and 170.23, respectively.
The yen fell to near a 4-week low of 93.48 against the loonie and a 6-day low of 92.86 against the aussie from its previous highs of 92.89 and 92.08, respectively.

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**InstaForex Gertrude** · 19-02-14, 10:31

Australia Online Job Vacancies Rise 1.4% In January

Australia's online job vacancies increased for the fifth successive month in January, with strong rises recorded across all categories, data released by the Department of Employment showed Wednesday.
The number of job vacancies advertised on the internet, on an unadjusted basis, increased 1.4 percent month-on-month in January, marking the fifth consecutive increase.
The increase mainly reflected recovering business confidence, strong rise in building approvals, and improvement in retail spending, the agency said.
With a 2.9 percent sequential growth, vacancies of sales workers recorded the biggest increase in January, followed by vacancies of technicians and trades workers, which gained 2 percent.
On an year-on-year basis, unadjusted online vacancies decreased 3.8 percent at the beginning of the year, data showed.

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**InstaForex Gertrude** · 20-02-14, 07:24

New Zealand Consumer Confidence Retracts From 7-Year High

New Zealand's consumer confidence dropped modestly in February from January's seven-year high, but remained well above the trend, data from a survey showed Thursday. The ANZ-Roy Morgan consumer confidence index dropped to 133 in February from 135.8 in January, which was the highest score in seven years. Confidence is spreading to all parts of the country. The current conditions sub-index eased 3 points to 127 during February. The future conditions index also shed 3 points and reached a score of 137.1 "It's now well flagged that interest rates are set to move up - a typical bug-bear for sentiment," ANZ said. However, rising asset prices, improving labor market conditions and reasonable income growth will continue to bode well for consumer confidence. Meanwhile, the seasonally adjusted estimate showed that consumer sentiment increased modestly in February, and reached the highest level in seven years.

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**InstaForex Gertrude** · 21-02-14, 07:11

UK's House Price Sentiment Improves To Record High: Markit

Confidence among British residents regarding the value of their homes increased to the record high in February, data from a survey by Knight Frank and Markit Economics revealed Friday.
The headline house price sentiment index, which measures households' views of the current value of their houses, climbed to 60.7 in February, hitting the highest level since the survey began. The index has now stayed above the no-change 50 mark, which separates growth from contraction, for the eleventh successive month.
Property owners in every region of the UK perceived that the value of their home rose in February, led by London, data showed.
At the same time, the outlook component of the survey jumped to an all-time high of 74.9 in February from 72.3 in January, indicating that prices are expected to rise at the strongest rate since the index began in 2009.
The survey showed that households in every region expect that the value of their home will rise over the next twelve months.
"The recovery in the housing market reflects the increasing economic confidence in the country - which recently resulted in an upgrade to economic growth forecasts - coupled with the assurance that interest rates will remain low until next year at least," Gr?inne Gilmore, head of UK residential research at Knight Frank, said.

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**InstaForex Gertrude** · 24-02-14, 07:16

Yen Rises Against Majors

The Japanese yen gained against its major rivals in Asian morning deals on Monday.
The yen advanced to 102.36 against the greenback, 115.34 against the franc, 140.61 against the euro, 91.92 against the loonie and 170.25 against the pound.
The yen climbed to 4-day highs of 91.63 against the aussie and 84.63 against the kiwi.
The yen may eye resistance around 101.5 against the greenback, 169.00 against the pound, 114.2 against the franc, 139.00 against the euro, 90.00 against the loonie, 90.00 against the aussie and 83.5 against the kiwi.

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**InstaForex Gertrude** · 25-02-14, 06:41

Japan January Corporate Service Prices Rise 0.8%

An index measuring corporate service prices in Japan was up 0.8 percent on year in January, the Bank of Japan said on Tuesday, coming in at 96.3.
That was shy of forecasts for an increase of 1.2 percent following the downwardly revised gain of 1.1 percent in December (originally 1.3 percent).
On a monthly basis, corporate service prices dropped 0.6 percent after adding 0.2 percent in December.
Among the individual components, prices moved lower for transportation, communications and advertising; prices were up for leasing and other services.

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**InstaForex Gertrude** · 26-02-14, 07:14

Taiwan's January Unemployment Rate Drops To 4.07%

Taiwan's unemployment rate eased for the second straight month in January, data published by the Directorate General of Budget Accounting and Statistics (DGBAS) revealed Wednesday.
The seasonally adjusted unemployment rate dropped to 4.07 percent in January from 4.14 percent in December.
In January 2013, the jobless rate was 4.2 percent. Economists were looking for a jobless rate of 4.1 percent for January.
There were about 462,000 unemployed persons in Taiwan at the end of January, down by 1.45 percent than at the end of 2013. Compared to January 2013, unemployment dropped by 2.7 percent.
DGBAS noted that the number of unemployed persons increased by around 7,000 month-on-month to around 11.04 million in January. Year-on-year, employment advanced by 101,000. The labor force participation rate dropped modestly by 0.03 percentage points sequentially to 58.52 percent.
On an unadjusted base, 4.02 percent of the labor force was without a job in January, which was lower than December's rate of 4.08 percent.

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**InstaForex Gertrude** · 27-02-14, 09:05

Australia Private Capital Expenditure Falls 5.2% In Q4

Private capital expenditure in Australia was down a seasonally adjusted 5.2 percent in the fourth quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Thursday - coming in at A$38.291 billion.
That was well shy of forecasts for a decline of 1.3 percent following the downwardly revised 2.6 percent contraction in the third quarter (originally 3.6 percent).
Capex for buildings and structures dropped 3.5 percent to A$26.098 billion, while capex for equipment, plants and machinery plunged 8.6 percent to A$12.192 billion.
On year, private capex dropped 5.7 percent as spending on buildings added 0.3 percent but spending on machinery plummeted 16.3 percent.

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**InstaForex Gertrude** · 28-02-14, 07:19

NZ Dollar Strengthens As ANZ Business Confidence Improves In February

The New Zealand dollar edged higher against its major counterparts in early Asian trading on Friday after the release of a survey results showed that the business confidence in New Zealand improved well in the month of February.
Results of a survey conducted by the ANZ Bank New Zealand showed that its business confidence rose to 70.8 in February from 64.1 in the previous month. ANZ activity outlook improved to 58.5 in the month from 53.5 in January. Both readings touched their highest levels since 1994.
The New Zealand dollar edged sharply higher to 0.8396 against the US dollar, its strongest level since January 14. The NZ dollar also rose to 1.6327 against the euro from previous low of 1.6398. The kiwi climbed to 1.0680 against the NZ dollar and 85.68 against the yen from previous lows of 1.0719 and 85.36, respectively.

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**InstaForex Gertrude** · 03-03-14, 09:21

Indonesia's Manufacturing Sector Expands For Sixth Month

The Indonesian manufacturing sector expanded for the sixth successive month in February, but at a slightly weaker pace than in the beginning of the year, data published by Markit Economics and HSBC Bank revealed Monday.
The seasonally adjusted manufacturing purchasing managers' index (PMI) came in at 50.5 in February. The index has now stayed above the no-change 50 mark, which separates growth from contraction, for the sixth month in a row. The February reading was, however, slightly lower than January's score of 51.
Production at Indonesian factories rebounded in February, following a contraction in January, but the rate of growth was fractional. The output recovery was driven by a further increase in new business, which has now recorded growth for the fifth month in a row.
Input costs faced by goods producers rose further in February amid food, metals, chemicals, plastics, paper and textiles prices. Subsequently, average output prices were raised further.

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**InstaForex Gertrude** · 04-03-14, 08:59

Australia Current Account Deficit A$10.1 Billion

Australia saw a seasonally adjusted current account deficit of A$10.139 billion in the fourth quarter of 2013, the Australian Bureau of Statistics said on Tuesday.
That missed forecasts for a shortfall of A$10.0 billion following the upwardly revised A$12.5 billion deficit in the third quarter (originally a deficit of A$12.7 billion).
The primary income deficit climbed A$536 million or 6 percent to A$9.898 billion.

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**InstaForex Gertrude** · 05-03-14, 11:14

Taiwan's Consumer Prices Drop Slightly In February

Taiwan's consumer prices decreased modestly in February from last year, data released by the National Statistics revealed Wednesday.
The consumer price index edged down 0.05 percent in February from the corresponding month of last year.
The decline mainly reflected a 2.07 percent fall in transportation and communication costs, and a 0.64 percent decrease in clothing expenses. These were partially offset by a 2.54 percent gain in food prices, and a 0.7 percent growth in housing costs.
Month-on-month, the consumer price index recorded a 0.4 percent decrease during February, the agency said.
Separately, the agency said Taiwan's wholesale prices decreased 0.48 percent year-on-year in February. Sequentially, wholesale prices rose by 0.4 percent.

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**InstaForex Gertrude** · 06-03-14, 09:34

Australia Retail Sales Jump 1.2% In January

Retail sales in Australia climbed a seasonally adjusted 1.2 percent on month in January, the Australian Bureau of Statistics said on Thursday - worth A$22.924 billion.
That blew away forecasts for an increase of 0.4 percent following the upwardly revised 0.7 percent gain in December (originally 0.5 percent).
Among the individual components, food retailing was up 0.8 percent, along with cafes, restaurants and takeaway food services (1.4 percent), household goods retailing (0.4 percent), other retailing (0.4 percent), department stores (0.7 percent) and clothing, footwear and personal accessory retailing (0.3 percent).

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**InstaForex Gertrude** · 07-03-14, 09:22

Malaysia January Exports Rise More Than Expected

Malaysia's merchandise exports increased at a faster-than-expected pace in January, latest data revealed Friday. Goods exports increased 12.2 percent on an annual basis to MYR63.97 billion in January, the Department of Statistics said. The growth rate was bigger than the 7.9 percent economists had forecast. Major export products in January were electrical and electronic products; refined petroleum products; liquefied natural gas; chemicals and chemical products; and palm oil. At the same time, imports grew 7.2 percent year-on-year to MYR57.62 billion. Economists were looking for a 2.6 percent decrease. The three main categories of imports by end use were intermediate goods, capital goods and consumption goods. January's overall foreign trade resulted in a surplus of MYR6.36 billion, which was notably lower than than the MYR9.05 billion surplus economists had forecast, data showed.

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**InstaForex Gertrude** · 10-03-14, 07:12

Japan January Current Account Deficit Y1,589.0 Billion

Japan saw a current account deficit of 1,589.0 billion yen in January, the Ministry of Finance said on Monday.
That missed forecasts for a shortfall of 1,411.8 billion yen following the 638.6 billion yen deficit in December.
The trade balance reflected a deficit of 2,345.4 billion yen - which actually beat expectations for 2,589.6 billion yen. That follows the upwardly revised deficit of 1,047.4 billion yen in December (originally 1,212.6 billion yen.
Exports climbed 16.7 percent on year, while imports surged an annual 30.3 percent.

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