Forex News from InstaForex

**InstaForex Gertrude** · 17-09-15, 03:58

Japan Has Y569.659 Billion Deficit In August

Japan had a merchandise trade deficit of 569.659 billion yen in August, the Ministry of Finance said on Thursday. That missed forecasts for a shortfall of 542.5 billion yen following the 268.4 billion yen deficit in July. Exports gained 3.1 percent on year, shy of forecasts for an increase of 4.4 percent and down from the 7.6 percent jump in the previous month. Imports dipped an annual 3.1 percent versus expectations for a fall of 2.5 percent following the 3.2 percent contraction a month earlier.

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**InstaForex Gertrude** · 02-11-15, 06:14

NZ Dollar Edges Up Against Most Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Monday. The NZ dollar rose to 0.6785 against the U.S. dollar and 81.73 against the yen, from last week's closing quotes of 0.6768 and 81.65, respectively. Against the euro, the kiwi edged up to 1.6258 from Friday's closing value of 1.6241. If the kiwi extends its uptrend, it is likely to find resistance around 0.69 against the greenback, 83.00 against the yen and 1.61 against the euro.

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**InstaForex Gertrude** · 13-11-15, 05:59

Eur/usd :watch Out for 1.0800 for Further Bullishness

EUR/USD has made a low of 1.06911 and started to recover from that level. It is currently trading around 1.07915. Short term trend is till weak as long as resistance 1.0800 holds. The pair has been struggling to break above 1.0800 for the past four trading session and break above confirms short term bullishness, a jump till 1.0900/1.1000 cannot be ruled out . On the downside major support is around 1.0660 and break below targets 1.0600. The pair's minor support is around 1.0750 and below that level decline till 1.0700/1.0680 is possible. It is good to buy only above 1.0800 with SL around 1.0748 for the TP of 1.0900/1.1000.

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**InstaForex Gertrude** · 17-11-15, 05:55

Singapore NODX Falls Unexpectedly In October

Singapore's non-oil domestic exports declined unexpectedly in October, data from the International Enterprise Singapore showed Tuesday. NODX dropped 0.5 percent year-over-year in October, confounding economists' expectations for a 3.6 percent growth. In September, non-oil domestic exports had risen 0.3 percent. The annual decrease in October was caused by a contraction in electronic NODX which outweighed the increase in non-electronic NODX, the agency said. Exports of electronic products fell 3.2 percent annually in October, in contrast to the 5.7 percent rise in the previous month. This was largely due to the fall in exports of ICs, parts of ICs and parts of PCs. Economists had expected a 2.2 percent fall for the month. At the same time, shipments of non-electronic products grew 0.7 percent in October, reversing a 1.9 percent drop in September. On a monthly basis, NODX rose a seasonally adjusted 1.1 percent in October, following a 2.8 percent decrease in the preceding month.

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**InstaForex Gertrude** · 20-11-15, 02:41

Asian shares to notch largest weekly gain in six weeks

Asian shares are slated to score their biggest weekly advance in six weeks, with Japanese stocks pulled lower by a firmer yen. The MSCI Asia Pacific Index ended at 133.71, down 0.2%, snipping this week's gain to 1.2%. On Thursday, the gauge recorded the biggest daily leap in a month despite optimism the Federal Reserve's tightening pace will be gradual. Japan's Topix index lost 0.4%. Hong Kong's Hang Seng Index added 0.1%. Hang Seng China Enterprises Index accrued 0.2%. South Korea's Kospi index gained 0.1%.

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**InstaForex Gertrude** · 21-11-15, 06:47

Treasuries Close Modestly Lower After Seeing Early Strength

After moving modestly higher in early trading, treasuries turned lower over the course of the trading session on Friday. Bond prices pulled back in early afternoon trading and remained in the red going into the close. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by 1.4 basis points to 2.262 percent. The downturn by treasuries may partly have reflected profit taking on the heels of the upward trend seen over the past several sessions. Amid a relatively quiet day on the U.S. economic front, traders also kept an eye on speeches by a pair of Fed officials. In remarks at an event in Fort Smith, Arkansas, St. Louis Fed President James Bullard repeated a speech he delivered at a separate event earlier this month. Bullard noted the market-based probabilities of a near-term end to the zero interest rate policy have increased but stressed any decision will be data dependent. Additionally, New York Fed President William Dudley spoke at Hofstra University on Long Island, telling students the U.S. economy is in pretty good shape. Dudley said the Fed hopes to soon become reasonably confident that inflation will return to the 2 percent inflation target. The New York Fed also stressed that the decision on interest rates would be data dependent, noting that there will be four weeks of data before the next monetary policy meeting. While the markets will be closed next Thursday for Thanksgiving, traders will be presented with a slew of U.S. economic data in the days leading up to the holiday. Traders are likely to pay close attention to reports on new and existing home sales, durable goods orders, and personal income and spending. Bond trading could also be impacted by reaction to the results of the Treasury Department's auctions of two-year, five-year, and seven-year notes. The Treasury is due to sell $26 billion worth of two-year notes next Monday, $35 billion worth of five-year notes next Tuesday, and $29 billion worth of seven-year notes next Wednesday.

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**InstaForex Gertrude** · 23-11-15, 05:11

Euro Falls Against Majors

The euro weakened against the other major currencies in the Asian session on Monday. The euro fell to nearly a 7-1/2-month low of 1.0600 against the U.S. dollar, nearly a 7-month low of 130.57 against the yen and a 5-day low of 1.0825 against the Swiss franc, from last week's closing quotes of 1.0643, 130.70 and 1.0842, respectively. Against the pound, the euro dropped to 0.6992 from Friday's closing value of 0.7007. If the euro extends its downtrend, it is likely to find support around 1.05 against the greenback, 129.00 against the yen, 1.07 against the franc and 0.695 against the pound.

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**InstaForex Gertrude** · 24-11-15, 05:48

Japan Manufacturing Growth At 20-Month High

Japan's manufacturing activity expanded at the fastest pace in twenty months in November, as output growth quickened, the latest flash survey from Markit Economics showed Tuesday. The Markit/ Nikkei Manufacturing Purchasing Managers' Index, or PMI, rose to 52.8 in November from 52.4 in October. A score above 50 indicates expansion in the sector. Manufacturing output cotniuned to grow sharply in November and the latest rate of increase was the fastest since March 2014. At the same time, new orders rose at a slower rate in November, while growth in exports orders accelerated to a five-month high. On the price fornt, input prices climbed at the fastest rate in four months, although inflation remained historically muted. The final manufacturing PMI figures will be published on 1st December

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**InstaForex Gertrude** · 28-11-15, 05:45

Gold Ends Week At 5-year Year Lows

Gold prices fell for a sixth consecutive week, with Friday's losses pushing the preious metal to its lowest in more than five years. A stronger dollar contributed to the decline. Gold futures for December delivery settled down $13.80, or 1.3% at $1,056.20 an ounce on Comex. Expectations that the Federal Reserve will raise interest rates next month are weighing on prices.

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**InstaForex Gertrude** · 30-11-15, 02:33

Japan Industrial Production Climbs 1.4% In October

Industrial output in Japan gained a seasonally adjusted 1.4 percent on month in October, the Ministry of Economy, Trade and Industry said in Monday's preliminary reading - rising for the second straight month. That missed forecasts for an increase of 1.8 percent, although it was up from 1.1 percent in September. On a yearly basis, industrial production slipped 1.4 percent - also missing expectations for a decline of 0.9 percent following the 0.8 percent drop in the previous month. Upon the release of the data, the METI maintained its assessment of industrial production, saying that it has been fluctuating indecisively. Industries that mainly contributed to the monthly increase included business oriented machinery, transport equipment and electronic parts and devices. According to the survey of production forecast in manufacturing, production is expected to rise 0.2 percent in November and fall 0.9 percent in December. Industries that mainly contributed to the increase in November included communication electronics equipment, electrical machinery, and electronic parts and devices. Industries that mainly contributed to the decline in December included business-oriented machinery, transport equipment and electronic parts and devices. Shipments in October were up 2.1 percent on month, rising for the second straight month. They were also down 0.8 percent on year. Industries that mainly contributed to the increase included transport equipment, business oriented machinery and electronic parts and devices. Inventories in October dipped 1.9 percent on month, falling for the second straight month. They were also up 0.2 percent on year. The inventory ratio in October fell 3.0 percent on month, falling for the second consecutive month. It also fell 0.5 percent on year. Also on Monday, the METI said that the total value of retail sales in Japan was up 1.8 percent on year in October - topping forecasts for an increase of 0.9 percent following the 0.1 percent decline in September. Sales from large retailers were up 2.9 percent on year, just missing forecasts for an increase of 3.0 percent but still up from 1.7 percent in the previous month. On a seasonally adjusted monthly basis, retail sales advanced 1.1 percent - beating forecasts for a gain of 0.3 percent and up from 0.8 percent in the three months prior.

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**InstaForex Gertrude** · 01-12-15, 04:13

Malaysia Manufacturing Sector Weakens Further In November - Nikkei

The manufacturing sector in Malaysia continued to contract in November and at an accelerated pace, the latest survey from Nikkei revealed on Tuesday with a PMI score of 47.0. That's down from 48.1 in October, and it slides further beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components, production contracted at the sharpest rate in more than three years. New orders declined at a record pace, as did buying activity.

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**InstaForex Gertrude** · 01-12-15, 06:14

Copper Drops With Metals After Chinese Factory Activity Slows

Copper fell with other markets after activity in Chinese factory slowed, underscoring a weak outlook for demand in the country. The official manufacturing purchasing managers index fell to 49.6 last month. The official PMI figure has been in contraction territory for four months. Copper for 3-month delivery on the London Metal Exchange slipped 0.5% to $4,561.50 a ton by 9:29 a.m. in Shanghai.

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**InstaForex Gertrude** · 02-12-15, 07:05

Treasury yields dive as weak US data renewed woes on Fed liftoff

Treasury yields plunged as soft manufacturing data revived questions about the possible timing of Federal Reserve's interest rate hike over the following year. According to the Institute for Supply Management, manufacturing activity slumped to 48.6 in November, from 50.1 in October. The likelihood of a Fed rate increase this month has lowered. Futures markets pointed to 75% probability of a rate hike in December. The yield premium investors get for purchasing longer-term debt slimmed at 1.25 percentage points, its narrowest in nine months. The yield on the benchmark 10-year US government note slipped to its one-month low of 2.155%, while the two-year yield fell to 0.907%, its weakest in nearly two weeks.

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**InstaForex Gertrude** · 11-12-15, 05:07

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against the other major currencies in the Asian session on Friday. The U.S. dollar rose to 1.3658 against the Canadian dollar for the first time since June 2004, from yesterday's closing value of 1.3624. The greenback advanced to a 2-day high of 122.15 against the yen, from yesterday's closing value of 121.53. Against the euro, the pound and the Swiss franc, the greenback edged up to 1.0927, 1.5135 and 0.9890 from yesterday's closing quotes of 1.0940, 1.5159 and 0.9873, respectively. The greenback edged up to 0.6735 against the NZ dollar, from yesterday's closing value of 0.6753. If the greenback extends its uptrend, it is likely to find resistance around 1.41 against the loonie, 124.00 against the yen, 1.07 against the euro, 1.49 against the pound, 1.02 against the franc and 0.66 against the kiwi.

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**InstaForex Gertrude** · 16-12-15, 07:27

EU officials agree on new digital privacy law

European Union officials sealed a deal on a pan-European digital privacy law, forming a new legal framework which will have ripple effects around the world on how firms can utilize people's personal details. EU officials said negotiators agreed on a final text of the union-wide bill following almost four years of haggling and lobbying, replacing a patchwork of 28 different sets of national privacy laws and bolstering their privacy penalties to perhaps billions of euros. Under the agreement, fines would be increased to a maximum of 4% of a company's overall global revenue. The new text needs to be approved by the European Parliament and EU governments before enacting it in two years' time.

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**InstaForex Gertrude** · 17-12-15, 03:17

Argentina to ease currency control

Argentina announced it would alleviate its foreign exchange control, with President Mauricio Macri hoping the move will bolster exports and fuel economic growth. Farmers in the country have been waiting for the Argentinian peso to decline before selling stockpiles of soybeans. The official exchange rate of 10 pesos per US dollar is not matched by a firmer black market rate. Analysts noted the official rate to decline between 13.5 and 15.00 to the dollar. Also, Finance Minister Alfonso Prat-Gay expected the rate to weaken near 14.2 per greenback.

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**InstaForex Gertrude** · 05-01-16, 05:11

Chinese shares open lower as regulator seeks to reassure traders

Chinese stocks opened lower as the regulator sought to soothe investors following Monday's plunge ignited a trading halt in the country's equities, futures, and options. The CSI 300 dropped around 2.7% before alleviating declines. Meanwhile, the MSCI Asia-Pacific Index erased 0.3 to 128.46. Japan's Topix fell 0.4%. Futures on Hong Kong's Hang Seng Index wiped out 0.4%, while South Korea's Kospi rose 0.1%.

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**InstaForex Gertrude** · 07-01-16, 07:40

Malaysia Exports Rise In November

Malaysia's exports increased in November from a year ago, figures from the Department of Statistics showed Thursday. Exports grew 6.3 percent year-over-year in November to MYR 67.6 billion. Shipments of electrical and electronics products, which contributed 34.2 percent to total exports, rose 0.6 percent in November. Exports of refined petroleum products surged 13.2 percent. Imports climbed 9.1 percent annually in November. The increase in imports was mainly attributed to consumption goods, intermediate goods and capital goods. On a monthly basis, exports plunged 10.8 percent in November and imports declined by 9.8 percent The visible trade surplus of the country came in at MYR 10.2 billion in November, which was lower by 6.9 percent and 15.9 percent respectively for the both yearly basis as well as monthly basis.

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**InstaForex Gertrude** · 13-01-16, 05:37

Disney to reveal Shanghai theme park on June 16

Walt Disney Co. announced the new Shanghai Disney Resort will be unveiled on June 16, the firm's biggest investment outside America. The $5.5 billion resort will showcase Disney's two hotels, tallest castle, and a pirates-themed land. The size of their first Chinese resort is 963 acres (389 hectares), three times bigger than the Hong Kong Disneyland. Chairman and Chief Executive Bob Iger has remained upbeat on the project, which has been planned for years, amid China's economic degeneration and stock market slump.

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**InstaForex Gertrude** · 14-01-16, 03:12

Australia Unemployment Rate Steady At 5.8% In December

The jobless rate in Australia was a seasonally adjusted 5.8 percent in December, the Australian Bureau of Statistics said on Thursday. That was unchanged from the November reading, and it beat forecasts for 5.9 percent. The Australian economy lost 1,000 jobs in December to 11,902,300 - which also topped forecasts for a decline of 10,000 jobs following the addition of 71,400 jobs in the previous month. Full-time employment saw an increase of 17,600 jobs in December to 8,228,700 following the spike of 41,600 a month earlier. Part-time employment was down 18,500 jobs to 3,673,600 following the 29,700 increase in November. Unemployment decreased 10,900 to 727,500. The number of unemployed persons looking for full-time work decreased 2,600 to 515,000 while the number of unemployed persons only looking for part-time work decreased 8,400 to 212,500. "The trend shows that around 312,000 more people were employed in December 2015 than in December 2014. Full-time employment growth was stronger than part-time over the year, increasing by 186,600 people," said Bruce Hockman, General Manager of ABS' Macroeconomic Statistics Division. The increase in employment has contributed to the trend employment to population ratio rising over the year from 60.6 percent to 61.4 percent, while the unemployment rate has decreased over the year from 6.2 percent to 5.8 percent. The participation rate was 65.1 percent - missing forecasts for 65.2 percent and down from 65.3 percent a month earlier. Monthly hours worked in all jobs increased 0.3 million hours to 1,645.2 million hours.

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