Forex News from InstaForex

**InstaForex Gertrude** · 01-06-16, 07:05

EU hate speech accord highlights escalating pressure over content regulation

When the European Union and four major US internet firms agreed to halt illegal hate speech from their services, they are facing intense pressure to curtail and monitor content. Under the agreement, Facebook Inc., Google's YouTube, Microsoft Corp., and Twitter Inc. will look into reports of hate posts within 24 hours and disable or revoke access to the content, if needed. Governments in the region have been responding to increasing commentaries on pro-Islamic State, anti-immigrant, and other sensitive issues on social media. Although the four companies played down the importance of the agreement, people privy to the matter disclosed the recent EU pact is inclined to implementing more prohibitions.

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**InstaForex Gertrude** · 02-06-16, 07:14

Nikkei down Over 2 Pct, Gold steady Above $1210

All the major Asian stock indices are trading on a lower note on Thursday but the Japan’s Nikkei falls the most above 2 pct. In addition, Japanese Yen hits fresh 2 –week high against US dollar after comments from the BOJ’s Sato. USD/JPY breaks 109.00 marks and trading around 108.90 levels. On the other side, Gold remains well supported above $1200 and trading around $1215 marks. Expected trading range for the gold is $1208 to $1227 marks. Japan’s Nikkei N225 was trading 2.29% lower at 16,568 points in Tokyo. South Korea’s Kospi was trading 0.11% higher at 1,984.60 points. Shanghai composite index to open down 0.1 pct at 2,911.22 points and China's CSI300 index to open down 0.1 pct at 3,158.03 points. Hong Kong’s Hang seng index was trading 0.52% higher at 20,864.52 points. Australia’s S&P/ASX 200 was trading 0.83% lower at 5,278.50 points.

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**InstaForex Gertrude** · 06-06-16, 04:41

Fxwirepro: Usd/jpy Stabilises Around Fresh -5 Week Low After Nfp Job Results, 105.54 Mark in Focus

USD/JPY is currently trading around 106.71 marks.
It made intraday high at 106.87 and low at 106.35 levels.
Intraday bias remains bearish till the time pair holds key resistance at 107.94 marks.
A daily close above 107.94 is required to take the parity higher towards key resistances around 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
On the other side, a sustained break below 106.13 will drag the parity down towards key supports at 105.71, 105.45 and 104.55 levels respectively.

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**InstaForex Gertrude** · 07-06-16, 07:28

Crumble hurdles for foreign entities, US tells China

Senior US officials implored China to downscale hindrances for foreign businesses, saying woes have escalated because of a more complicated regulatory environment. After numerous government probes hitting foreign entities and the implementation of a national security law curbing the usage of technology, foreign business sentiment has dwindled. American business groups also expressed their exasperation regarding new Chinese rulings favoring local firms, making it harder to run business in the country. US Treasury Secretary Jacob Lew said the two countries are responsible for ensuring better commercial, investment, and trade collaboration.

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**InstaForex Gertrude** · 08-06-16, 07:15

Oil glides near eight-month peaks on woes over Nigeria's crude industry

Oil prices inched closer to its highest in around eight months, bolstered by anxieties over Nigeria's oil industry and data indicating bigger than anticipated drawdown in US crude inventories. An American Petroleum Institute data showed commercial oil inventories declined by 3.6 million barrels in the previous week. Analysts noted worries regarding global supply disruptions boosted the market, which surfaced when militants assaulted southern Delta swamps in Nigeria. Brent crude for August settlement remained at $51.44 per barrel, while NYMEX crude for July settlement closed at $50.40 per barrel, up 4 cents.

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**InstaForex Gertrude** · 09-06-16, 07:07

Nike stands pat on Sharapova amid two-year suspension

Nike Inc. announced it would continue sponsoring Maria Sharapova although she got a two-year suspension as a drug test found her positive for using a prohibited medicine. The sports company stressed it would stay behind Russian-born tennis player, reiterating the International Tennis Federation ascribed to a faulty procedure to decide on the issue. Earlier this year, the Tennis Anti-Doping Programme found Sharapova positive for using the banned drug. The endorser will attempt to appeal the decision. Nike initially held off its relations with Sharapova to watch the probe. But the firm noted the tribunal believed the endorser did not intentionally breached the regulations. Sharapova earlier admitted she only used meldonium for medical reasons and had already apologized for overlooking the new rule.

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**InstaForex Gertrude** · 13-06-16, 05:01

Fxwirepro: Japanese Yen Gains in Early Hours Despite Lower Than expected Bsi Manufacturing Index Data

USD/JPY is currently trading around 106.43 marks.
It made intraday high at 106.84 and low at 106.36 levels.
Intraday bias remains bearish till the time pair holds key resistance at 107.38 marks.
A daily close above 107.38 is required to take the parity higher towards key resistances around 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
On the other side, a sustained break below 106.25 will drag the parity down towards key supports at 105.71, 105.45 and 104.55 levels respectively.
Today Japan released BSI manufacturing index with negative numbers at -11.1% q/q vs -7.9% q/q previous release.

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**InstaForex Gertrude** · 13-06-16, 07:24

Chinese investment growth abates in May, factory output steady

China's fixed-asset investment and retail sales growth cooled in May, but factory output growth remained stable.
The National Bureau of Statistics said fixed-asset investment growth dropped to 9.

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**InstaForex Gertrude** · 14-06-16, 05:39

Fxwirepro: Usd/jpy Hovers Around 106.00 Mark in Early Hours, a Sustain Close Below Targets 105.19

USD/JPY is currently trading around 106.05 marks. It made intraday high at 106.42 and low at 105.93 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.38 marks. A daily close above 107.38 is required to take the parity higher towards key resistances around 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
On the other side, a sustained close below 106.00 will drag the parity down towards key supports at 105.19 (October 15, 2014 low) and 104.55 levels respectively.
Today Japan will release revised industrial production data at 0430 GMT. Market expects a rise to 0.4% m/m vs 0.3% m/m previous release.

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**InstaForex Gertrude** · 14-06-16, 06:37

Venezuela halts two-day work week, mitigates power disbursement

Venezuela alleviated energy distribution, which led to removing a two-day work week for almost 3 million employees in the public sector. Electricity Minister Luis Motta said increasing water supply at the Guri reservoir led to the government's decision. According to officials, the administration implemented the measures in response to drought this year and have helped lower power consumption in the country. But critics reiterated the government should be blamed, saying such moves fail to resolve electricity scarcity since people would simply use appliances in another place.

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**InstaForex Gertrude** · 15-06-16, 06:16

Mitsubishi Utilized Inappropriate Mileage Data for Additional Models: Media

Japan's local media reports Mitsubishi Motors Corp. has used inaccurate fuel economy data for supplemental models that are outmoded and intends to divulge the issue soon to Japan's transport ministry. The automaker confessed in April of exaggerating the fuel economy on four of its mini-vehicles. Two models involved were made for Nissan Motor Co. and has stated that their own probing has verified that improper mileage calculations were utilized for nine other models. Asahi newspaper said Mitsubishi Motors forged data for 3 additional models and that the carmaker made hypothetical calculations for the mileage of 10 additional models that are obsolete.

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**InstaForex Gertrude** · 16-06-16, 04:46

Fxwirepro: Asx200 Struggles to Break Above 5200, Good to Buy at Dips

Major resistance - 5205 (21 4H MA)
Major Support - 5130 (200 day MA)
ASX200 has recovered till 5198 at the time of writing from the low of 5143 made yesterday .The index has not able break above 5200 and has started to decline from the high made today. It is currently trading at 5170.
Short term trend is slightly bullish as long as support 5130 holds. Any violation below major support will drag the index down till 5075/5000 in the short term.
On the higher side any break above 5205 will take the index to 5250 (55 day EMA)/5300/5337 (21 day MA). It is good to buy at dips around 5160-65 with SL around 5130 for the TP of 5250

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**InstaForex Gertrude** · 16-06-16, 06:41

Microsoft Objects to Labor Board Decision on Contract Worker Benefits

Microsoft Corporation has appealed to a federal court to discard a ruling by the U.S. labor board to broaden the duties of companies for contract workers with regards to benefits. The NLRB released a decision in August 2015 that expanded the definition of a joint employer which could oblige more companies to negotiate with and have accountability for workers hired by contractors. Microsoft's brief claimed that the 2015 decision was too expansive and would intimidate Microsoft and others from advising contractors to grant benefits to their employees, as the ruling would make the tech companies a joint employer. A source reported that there were nearly 81,000 temporary and contract employees under Microsoft at one point in 2015.

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**InstaForex Gertrude** · 17-06-16, 06:00

Fxwirepro: Usd/jpy Fails to Sustain Below 103.00 Mark, Faces Strong Resistance at 105.19

USD/JPY is currently trading around 104.59 marks. It made intraday high at 104.82 and low at 104.22 levels. Intraday bias remains slightly bullish for the moment. A daily close above 105.19 is required to take the parity higher towards key resistances around 106.12, 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively. Alternatively, a sustained close below 104.00 will drag the parity down towards key supports at 103.54, 102.10 and 101.56 levels respectively. Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart. Current upside movement is short term trend correction only.

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**InstaForex Gertrude** · 17-06-16, 07:08

Revlon to Acquire Elizabeth Arden for $870M

Revlon Inc. is set to buy Elizabeth Arden Inc. in an $870 million agreement. The cosmetics maker company is aiming to boost its skincare and fragrance enterprise and expand in the Asia-Pacific market with this acquisition. The equity value of the transaction is $419 million, derived from Elizabeth Arden's outstanding stocks at the beginning of May. This investment comes after Revlon majority stockholder Ron Perelman stated that he would look for strategic options for the company and to improve competition against rivals such as Estee Lauder Cos Inc and L'Oreal SA.

Elizabeth Arden's shares jumped almost 50% to 413.96 in extended trading while Revlon shared slightly rose to $31.30.

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**InstaForex Gertrude** · 20-06-16, 03:13

UK House Prices Rise 0.8% In May - Rightmove

The average asking price for a house in the United kingdom was up 0.8 percent on month in May, property tracking website Rightmove said on Monday - coming in at 310,471 pounds.

That follows the 0.4 percent increase in April.

On a yearly basis, house prices advanced 5.5 percent - slowing from 7.8 percent in the previous month.

Individually, house prices in London dipped 0.2 percent on month, while every other area saw an increase.

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**InstaForex Gertrude** · 20-06-16, 06:17

Asian Stocks Rose as Brexit Anxiety Recedes, Pound Surges

Asian stocks climbed as mounting expectations of the United Kingdom voting to stay in the European Union eased risk worries and the pound strengthened against other currencies.

There was a gain of 0.4% in MSCI's broadest index of Asia-Pacific shares outside Japan while Japan's Nikkei was up 1.5%, reinforced by the weakening of the lately bullish yen. Australian stocks increased 0.3% and South Korea's Kospi gained 1%.

Meanwhile, the pound surged 1.4% to $1.4573, continuing its recovery from last week's two-month low of $1.4013. It leaped 1.9% to 152.50 yen GBPJPY=R, moving away from a three-year trough of 145.34 on Thursday.

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**InstaForex Gertrude** · 21-06-16, 06:06

Fxwirepro: Aussie Gains Against Major Peers After Rba Minutes, Aud/nzd Back Above 1.05 Mark

AUD/NZD is trading around 1.0504 marks.
Pair made intraday high at 1.0509 and low at 1.0459 marks.
Intraday bias remains bullish till the time pair holds initial support at 1.0455 marks.
On the top side, a sustained close above 1.0547 will drag the parity higher towards 1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively. Alternatively, a daily close below 1.0455 will take the parity down towards key supports around 1.0408(June 9, 2016 low), 1.0362 and 1.0231 marks respectively.
Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart. Current upside movement is short term trend correction only.
Today Australia released meeting minutes and HPI data.
Australia’s HPI fell to -0.2% q/q vs 0.2% q/q previous release.
RBA minutes: Board judged leaving rates steady at June 7 meeting was consistent with sustainable growth.
RBA minutes: Low interest rates and weaker A$ since 2013 helped support above potential growth in Q1.
RBA minutes: Growth in household disposable income had been stronger than measures of income growth for overall economy. We prefer to take short position in AUD/NZD around 1.0525, stop loss 1.0572 and target 1.0416/ 1.0374 levels.

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**InstaForex Gertrude** · 21-06-16, 06:46

Brazil agrees to provide $15 billion state debt assistance until 2018

Brazil agreed to provide debt relief to state governments amounting to 50 billion reais ($15 billion) until 2018, seeking to offer a special loan to Rio de Janeiro prior to Olympics and beef up public services.
Finance Minister Henrique Meirelles unveiled the debt relief as governors met with President Michel Temer, in which they would be given a six-month grace period and 1 ½ year of slashed payments.
Source privy to the matter said Brazilian municipality would receive 3 billion reais ($850 million) loan, payable in the following week.
Rio de Janeiro declared a financial emergency and asked for financing in order to complete the subway which will transport people to the venue of Olympic games and maintain public services during the event.

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**InstaForex Gertrude** · 22-06-16, 06:14

Fxwirepro: Usd/jpy Remains Well supported Below 104.85 Mark, Upside Limited

USD/JPY is currently trading around 104.43 marks.
It made intraday high at 104.85 and low at 104.35 levels. Intraday bias remains bearish for the moment.
A sustained close below 103.94 will drag the parity down towards key supports at 102.10 and 101.56 levels respectively.
Alternatively, a daily close above 104.85 is required to take the parity higher towards key resistances around 106.12, 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart.
Today is empty calendar for Japan but later today Fed chair Yellen testimony will provide further direction to the parity. RSS feed

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