Forex News from InstaForex

**InstaForex Gertrude** · 09-04-14, 07:19

NZ Dollar Strengthens Against Most Majors

The New Zealand dollar drifted higher against most major rivals in early Asian deals on Wednesday.
The kiwi spiked up to 1.5835 against the euro, a level not seen since March 28. Against the greenback, the kiwi approached 0.8707 for the first time since August 2011.
The kiwi rose to 88.72 against the yen from Tuesday's closing quote of 88.25.
If the kiwi extends gain, it may face resistance around 0.875 against the greenback, 1.56 against the euro and 89.8 against the yen.

News are provided by InstaForex.

**InstaForex Gertrude** · 10-04-14, 08:38

China Has $7.71 Billion Trade Surplus In March

China posted a merchandise trade surplus of $7.71 billion in March, the customs office said on Thursday.
That topped forecasts for a surplus of $0.9 billion following the $23.0 billion shortfall - largely due to the Lunar New Year holiday - in the previous month.
Exports were down 6.6 percent on year, missing expectations for an increase of 4.0 percent following the 18.1 percent contraction in February. Imports tumbled an annual 11.3 percent versus forecasts for a gain of 2.4 percent following the 10.1 percent increase a month earlier.

News are provided by InstaForex.

**InstaForex Gertrude** · 11-04-14, 08:42

Euro Rises To 8- Day High Against Pound

The European currency strengthened against the pound in the early Asian session on Friday. The euro advanced to an 8-day high of 0.8287 against the British currency, up almost 0.2 percent from yesterday's closing quote of 0.8273. If the euro continues its uptrend, it may find the resistance around the 0.83 area.

News are provided by InstaForex.

**InstaForex Gertrude** · 14-04-14, 07:15

Gold at 3-Week High on Ukraine Tensions

Spot gold rose to a three-week high of $1,328.30 an ounce before settling to trade up 0.6 percent at $1,325.50 by 0030 GMT
The United States is prepared to step up sanctions against Moscow if pro-Russian military actions in eastern Ukraine continue, a senior U.S. envoy said. The next round of U.S. sanctions are expected to target Russian business sectors such as mining, banking and ene
SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.80 tonnes to 804.42 tonnes on Friday.

News are provided by InstaForex.

**InstaForex Gertrude** · 15-04-14, 06:37

Aussie Slightly Up Following RBA Minutes

Following the release of the Reserve Bank of Australia's minutes of monetary policy meeting held on April 1 in early Asian deals on Tuesday at 9:30 pm ET, the aussie rose slightly against other major currencies. The aussie was trading at 0.9409 against the greenback, 95.90 against the yen, 1.4683 against the euro and 1.0849 against the kiwi around 9:33 pm ET.

News are provided by InstaForex.

**InstaForex Gertrude** · 16-04-14, 08:21

Yen Weakens Against Most Majors

The Japanese yen declined against most major currencies in Asian deals on Wednesday. The yen slipped to 102.19 against the greenback, a level not seen since April 8. The yen hit 5-day lows of 141.15 against the euro, 116.05 against the franc and 93.04 against the loonie, compared to Tuesday's closing values of 140.79, 115.80 and 92.83, respectively. The next possible downside target for the yen lies around 103.00 against the greenback, 142.00 against the euro, 117.00 against the franc and 94.00 against the loonie.

News are provided by InstaForex.

**InstaForex Gertrude** · 16-04-14, 10:56

Technical analysis of GBP/USD for April 16, 2014

British inflation fell to its lowest in over four years in March, easing pressure on living standards and raising the prospect that prices may now be rising less than wages for the first time in years. Tuesday's data showed that consumer price inflation dropped to 1.6 percent in March from February's 1.7 percent - the lowest level since October 2009, according to the Office for National Statistics.
Wage numbers are due today, they are forecast to show average earnings growth picking up to 1.8 percent from 1.4 percent - which if true, would be the first time that wages have outpaced inflation since April 2010. British wages typically rose by around 4-5 percent a year before the financial crisis, but since mid-2008 have mostly risen by less than inflation.
The pair has been in a down trend from 1.6820 levels. The pair is taking support at 1.67 levels and facing resistance at 1.6750. Currently, it is trading between 1.67-1.6750 levels. Break out either side will give a room to further levels. If the pair breaks the upper band at 1.6750, it will fly up to 1.6787 and 1.6820. On the down side the pair has support at 1.67, 1.666 and 1.6640. The level at 1.6640 is very crucial for bulls, if it breaks, it will breaks 1.6570 and 1.6550.

More analysis - at instaforex.com

**InstaForex Gertrude** · 17-04-14, 05:36

Australia New Motor Vehicle Sales Dip 0.3%

The total number of new motor vehicle sales in Australia was down a seasonally adjusted 0.3 percent on month in March, the Australian Bureau of Statistics said on Thursday, coming in at 92,168.
That follows the 0.1 percent increase in February.
By category, sales of passenger and other vehicles decreased 3.2 percent and 0.9 percent, respectively, while sales of sports utility vehicles climbed 4.9 percent.
By region, the Northern Territory recorded the largest percentage decrease (3.0 percent) followed by Tasmania (2.7 percent) and the Australian Capital Territory (2.1 percent).
On a yearly basis, new car sales were down 2.8 percent after falling 3.5 percent in the previous month.

News are provided by InstaForex.

**InstaForex Gertrude** · 21-04-14, 09:02

NZ Dollar Drops Against Majors

Reversing direction, the New Zealand dollar slipped against other major currencies in Asian deals on Monday.
The kiwi fell to 0.8557 against the greenback, its lowest since April 4. This may be compared to an early 4-day high of 0.8600.
Pulling away from an early 4-day high of 1.6056 against the euro, the kiwi slipped to near a 3-week low of 1.6133.
The kiwi has come off from an early high of 1.0849 against the aussie, declining to a 4-day low of 1.0891.
The kiwi fell back slightly against the yen and was trading around 87.87, compared to an early 4-day high of 88.13.
If the kiwi extends decline, it is likely to seek downside target around 0.85 against the greenback, 1.62 against the euro, 1.095 against the aussie and 87.00 against the yen.

News are provided by InstaForex.

**InstaForex Gertrude** · 22-04-14, 05:36

Australia Leading Index Rises 0.3% In February - Conference Board

A leading economic index for Australia was up 0.3 percent on month in February, the Conference Board said on Tuesday - rising for the 17th consecutive month.
That follows the 0.2 percent gain in January.
The coincident index climbed 0.4 percent in February following the 0.2 percent increase in the previous month.

News are provided by InstaForex.

**InstaForex Gertrude** · 24-04-14, 06:50

China Leading Economic Index +1.2% In March

China's leading economic index was up 1.2 percent on month in March, the Conference Board said on Thursday. That's up from the 0.9 percent increase in February and the 0.3 percent gain in January. The coincident index added 1.1 percent in March - up from the flat reading in February and the 1.3 percent decline in January.

News are provided by InstaForex.

**InstaForex Gertrude** · 28-04-14, 07:17

Japan Retail Sales Spike 11.0% On Year In March

Retail sales in Japan surged 11.0 percent on year in March, the Ministry of Economy, Trade and Industry said on Monday, worth 13.731 trillion yen.
That was in line with forecasts following the 3.6 percent gain in February.
Sales from large retailers surged an annual 16.1 percent - topping expectations for 13.8 percent following the 1.3 percent increase in the previous month.
On a seasonally adjusted monthly basis, retail sales climbed 6.3 percent - beating forecasts for 6.0 percent and up sharply from 0.3 percent a month prior.

News are provided by InstaForex.

**InstaForex Gertrude** · 29-04-14, 04:17

South Korea Current Account Surplus $7.35 Billion

South Korea saw an unadjusted current account surplus of $7.35 billion in March, the Bank of Korea said on Tuesday.That's up from the $4.52 billion surplus on February and the $3.61 billion surplus in January.
The financial account recorded a net outflow of 5.78 billion dollars, down from 6.92 billion dollars the previous month.
Seasonally adjusted, the current account surplus was $6.65 billion - down from $7.57 billion in February.

News are provided by InstaForex.

**InstaForex Gertrude** · 30-04-14, 06:32

Yen Advances Against Majors

The Japanese yen climbed against other major currencies in early Asian deals on Wednesday.
The yen rose to 172.39 against the pound, 115.96 against the franc, 102.49 against the greenback and 93.59 against the loonie.
The yen climbed to a 2-day high of 141.52 versus the euro, compared to yesterday's closing quote of 141.59.
If the yen extends gain, it is likely to face resistance around 101.00 against the greenback, 115.00 against the franc, 140.00 against the euro, 171.5 against the pound and 92.00 against the loonie.

News are provided by InstaForex.

**InstaForex Gertrude** · 05-05-14, 07:54

China Manufacturing PMI 48.1 In April - HSBC

China's manufacturing sector continued to contract in April, the latest survey from HSBC and Markit Economics revealed on Monday - with a final purchasing managers' index score of 48.1.
That was down from last month's flash estimate of 48.3, although it was up from the final March reading of 48.0.
A reading above 50 signals expansion in a sector, while a score below means contraction.
In all, the index shows that China's manufacturing sector has been in contraction for four straight months.
Among the individual components of the survey, output and new orders contract at slower rates, while staff numbers were cut for the sixth month in a row. There was also a solid reduction in both input and output prices.

News are provided by InstaForex.

**InstaForex Gertrude** · 06-05-14, 07:17

NZ Dollar Climbs Against Majors

The New Zealand dollar drifted higher against other major currencies in Asian deals on Tuesday. The kiwi strengthened to 0.8705 against the greenback for the first time since April 11. The kiwi advanced to near a 4-week high of 88.90 against yen and a 3-week high of 1.5937 against the euro. The kiwi spiked up to 1.0670 against the aussie, a level not seen since April 1. The next possible upside target for the kiwi is seen around 0.879 against the greenback, 89.5 against the yen, 1.58 against the euro and 1.06 against the aussie

News are provided by InstaForex.

**InstaForex Gertrude** · 07-05-14, 06:57

Australia Retail Sales Add 0.1% In March

Total retail sales in Australia were up a seasonally adjusted 0.1 percent on month in March, the Australian Bureau of Statistics said on Wednesday - coming in at A$23.149 billion. That was shy of forecasts for a gain of 0.4 percent following the upwardly revised gain of 0.3 percent in February (originally 0.2 percent). For the first quarter of 2014, retail sales climbed 1.2 percent on quarter to A$67.519 billion - in line with expectations, but missing forecasts for 1.6 percent after gaining 1.1 percent in the three months prior.

News are provided by InstaForex.

**InstaForex Gertrude** · 09-05-14, 06:18

U.S. Dollar Advances Against Majors

The U.S. dollar strengthened against its major rivals in Asian deals on Friday.
The greenback climbed to 0.8811 against franc, its highest since May 2. Against the euro and the pound, the greenback hit a weekly high of 1.3831 and a 3-day high of 1.6919, respectively.
Rebounding from an early low of 101.54 against the yen, the greenback edged up to 101.75.
The greenback may possibly face resistance around 102.5 against the yen, 0.89 against the franc, 1.375 against the euro and 1.68 against the pound.

News are provided by InstaForex.

**InstaForex Gertrude** · 12-05-14, 06:21

Euro At Near 3-month Low Against Pound

The euro drifted lower against the pound in Asian deals on Monday. The euro slipped to 0.8158 against the pound, a level unseen since February 17. If the euro extends slide, it may face support around the 0.81 area. The pair was worth 0.8165 at Friday's close.

News are provided by InstaForex.

**InstaForex Gertrude** · 13-05-14, 06:08

Australia Home Loans Dip 0.9% In March

he total number of home loans in Australia was down a seasonally adjusted 0.9 percent on month in March, the Australian Bureau of Statistics said on Tuesday, standing at 52,013. That was well shy of forecasts for an increase of 1.0 percent following the 2.3 percent gain in February. The value of housing loans was down 1.1 percent on month to A$27.346 billion. The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments surged 12.6 percent on month in March.

News are provided by InstaForex.