Forex News from InstaForex

**InstaForex Gertrude** · 25-11-16, 05:32

Japan’s Consumer Prices Extends Decline in October

Japan's consumer prices logged its eighth consecutive month of annual declines in October, highlighting how far the country is from overcoming deflation.

Official government data showed core consumer price index fell 0.4% in October year-on-year after a 0.5% decline in September. The October figures also matched estimates. Meanwhile, overall CPI edged up 0.1% as a rise in fresh food prices offset the continued decline in energy costs.

Prices of fresh food rose 11.4% in October due to calamities and unfavorable summer weather, which attributed almost 0.5 percentage point to the increase in total CPI. However, energy costs fell 7.9%, pulling down inflation by around 0.6 percentage point.While declining prices of gasoline and electricity continued to pressure inflation rates, almost 60% of all items composing the index saw an increase in prices, data revealed.

Core-core Inflation Index, which does not include the volatile prices of food and energy, advanced 0.2% in October from a year-prior period, higher than the forecast of a 0.1% rise. However, soft domestic activity raises doubt on the possibility of a sustained recovery.

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**InstaForex Gertrude** · 28-11-16, 05:35

Gold Edges Up From 9-½ -Month Low as Dollar Eases

Gold climbed after slipping to a 9-½ month low during the previous session, as the U.S. dollar retreated after reaching near 14-year highs last week. Spot gold climbed 0.55 percent at $1,189.43 per ounce.

U.S. gold futures was up 0.9 percent to $1,189.0 an ounce. Oil prices slipped on concerns that producer countries might not come up with a final agreement to reduce output, pressuring U.S. stock futures and Asian shares. Gold premiums in China rose to the highest in almost three years in the week to Nov. 25 on uncertainty regarding a supply shortage that traders claim were because of Beijing's attempt to restrict import licenses.

SPDR Gold Trust said that its holdings declined 0.73 percent to 885.04 tonnes on Friday.

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**InstaForex Gertrude** · 30-11-16, 04:53

Dollar Stalls Ahead of OPEC Meeting

The dollar fluctuated against the yen and euro, as traders prepared ahead of the OPEC meeting that could possibly turn financial markets and pressure the U.S. currency. The greenback was steady at 112.430 against the Japanese yen while the euro was flat at $1.0648.

The dollar index was little changed at 100.98 after declining 0.4 percent the previous day. The U.S. currency has recently stalled, as Treasury yields showed signs of peaking for now amidst purchasing by investors' month-end portfolio rebalancing. This is probably why the dollar failed to capitalise on latest positive data that showed U.S. third quarter GDP and much-stronger-than-expected November consumer confidence figures. The Canadian dollar was little changed at C$1.3432 a dollar.

The Australian dollar was flat at $0.7485 AUD, within hitting a 12-day peak of $0.7497 the previous day. The pound was fixed at $1.2490 GBP after climbing 0.6 percent the day earlier.

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**InstaForex Gertrude** · 05-12-16, 05:20

British Government Unveils $634 Billion Infrastructure-Investment Plan

The U.K. mapped out its infrastructure-investment plan, disclosing 500 billion pounds or $634 billion worth of projects slated to be launched in the following years.

Government investment constitutes around 40% of the infrastructure-investment pipeline after British Finance Minister Philip Hammond detailed plans for a National Productivity Investment Fund in November estimated to amount to 23 billion pounds. Infrastructure projects included are the Thames Tideway Tunnel, smart meters and upgrading the A14 highway located in eastern England.

Funding from the private represents more than half of the pipeline to 2020-2021, aiding in delivering projects varying from transport and internet connectivity to flood defenses and housing, according to the Treasury.

In a statement, Treasury Chief Secretary David Gauke said the spending plan is a clear indication that the government is intent on ensuring that U.K.'s infrastructure is up to date.

Enhancing productivity using targeted investments was the major goal laid out by Hammond during his Autumn Statement as he readies the British economy from any Brexit-induced shocks.

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**InstaForex Gertrude** · 06-12-16, 05:37

Oil Prices Retreat as Supply Rises Ahead of 2017 Production Cut

Oil prices fell in early Asian trading as crude production in almost all major export regions despite a planned production cut by OPEC and Russia, raising fears that an oil glut that has persisted in the market for more than two years might extend into its third year in 2017.

International Brent crude oil futures traded down 39 cents at $54.44 per barrel, declining 0.7% from their last finish. Meanwhile, the U.S. WTI crude futures were down 47 cents or 0.9%, at $51.32 a barrel.

Traders said the decline in prices were caused by the increasing production from OPEC and Russia. The producer cartel's production has posted another record high in the previous month, scaling to 34.19 million bpd in November from the 33.82 million bpd in October. On Friday, Russia said its average daily production reached 11.21 million bpd last month, its highest daily output in nearly three decades.

Their combined output alone attributed for almost half of total global oil demand, which is currently at the 95 million bpd level.

The alarmingly high production figures comes just after OPEC and Russia struck a historic deal to cap output in 2017 which caused oil prices to rally, causing investors to worry that the planned cut will not be big enough to dent the oil glut.

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**InstaForex Gertrude** · 07-12-16, 05:21

Oil Sinks on Skepticism Supply Cut Will Be Big Enough to End Glut

Prevailing apprehension that a planned crude output cut by OPEC and Russia would be strong enough to end the two-year oil glut in the market pulled down oil prices on Wednesday.

Benchmark Brent crude oil futures traded down 24 cents or 0.45% at $53.69 per barrel, while U.S. WTI crude futures slipped 19 cents or 0.37% from their last finish at $50.74 per barrel.

Oil prices rallied as high as 19% after OPEC and Russia struck a deal to jointly limit output in 2017 in a move to support the oil market.

However, skepticism have since surfaced about whether the planned production cuts will be strong enough to end oversupply as both parties involved in the agreement reported record production volumes in the previous month.

With virtually almost every crude exporting region producing at record amounts, there is persisting skepticism in the market how both parties will be able to commit to the Vienna production cut targets, analysts said, adding that the higher their production, the higher the starting point of the cut will be.

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**InstaForex Gertrude** · 12-12-16, 05:08

Iran-Boeing Deal Valued at $16.6 Billion

The agreement between Iran's national carrier and Boeing Co. regarding a purchase of 80 aircrafts that is valued at $16.6 billion, will eventually force both the Congress and President-elect Donald Trump to balance their diplomatic priorities with U.S. job expansion. According to a company statement, the deal will include 50 737 MAX 8s, 15 7777-300ERs and 15 777-9s.

The Islamic Republic News Agency has reported that the aircraft will be delivered over ten years and will start in 2018. The report has also cited Iran Air Chief Executive Officer Farhad Parvaresh. Boeing has remarked that the deal was acquired under the conditions of a U.S. government license that was issued in September and will also support nearly 100,000 jobs in the U.S. aerospace industry. The bill regarding the deal was recently approved by the House in November and currently awaits Senate action.

The value of the deal worth $16.6 billion is based on list prices ahead of large discounts that have been established for major airlines.

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**InstaForex Gertrude** · 13-12-16, 05:24

U.S. Stocks Lower as Dow Hits Record Close

Stocks ended mostly lower as oil prices surged and Treasury yields jumped prior to the Federal Reserve meeting. The Dow Jones Industrial Average reached a 15th record finish, while financial firms pulling down major U.S. stock indexes.

The Dow Jones Industrial Average gained 0.2 percent at 19,796.43, the S&P 500 slipped 0.11 percent at 2,256.96 while the Nasdaq Composite fell 0.59 percent at 5,412.54. The blue-chip index climbed for the sixth straight session to reach another record high, as advances in Exxon Mobil and Johnson & Johnson helped counterbalance the lows in American Express and Goldman Sachs Group. The S&P 500's financial sector finished lower in four sessions since Nov. 8. The Nasdaq Biotechnology Index edged down 0.7 percent.

Energy shares rallied alongside oil prices following an announcement from a group of oil producers who agreed to reduce their output with the Organization of Petroleum Exporting Countries. The S&P 500's energy sector gained 0.7 percent. Exxon Mobil was up 2.2 percent to $90.98. FMC Technologies climbed two percent to 36.08 while Helmerich & Payne added 1.7 percent to 83.18.

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**InstaForex Gertrude** · 16-12-16, 04:55

Oil Prices Rise on Reports of Kuwait’s Deeper-than-Expected Production Cuts

Oil prices rose on Friday as sentiment was lifted by reports that Kuwait was cutting its production by more than initially anticipated beginning January as it fulfills its commitment to a coordinated effort by crude producers to curb a global oil glut.

International Brent crude oil futures traded up 20 cents or 0.37% from their last close at $54.22 per barrel. U.S. WTI crude futures also rose 24 cents or 0.47%, trading at $51.14 per barrel.

Prices edged up after OPEC member Kuwait told its customers that it will reduce its supply starting January as part of its commitment to a deal between OPEC and other producers to lower output by around 1.8 million bpd to help rebalance the oil markets.

Kuwait Petroleum Corporation stated that it has told its customers that it will cap its production in accordance with the OPEC deal. Traders observed that prices rose as KPC indicated that it was cutting supplies more than previously anticipated and beyond the operational capacity

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**InstaForex Gertrude** · 19-12-16, 05:18

Japan Exports Edged Up in November as Yen Weakens

Japan's export performance rose robustly in November as the yen continued to weaken and the improvement in overseas demand buoyed shipments from the trade sector. Exports slipped 0.4 percent in the year to November, according to the Ministry of Finance (MOF) data. However, it exceeded economists' expectations of a 2.0 percent annual decline.

The value of exports to China increased at an annual 4.4 percent, the first rise in nine months as a result of higher shipments of automobile parts. Exports in terms of volume climbed 7.4 percent from a year earlier, as external demand begin to show signs of regaining ground. Data has shown that exports dropped in November at a slower pace due to the declining value of car and steel shipments in comparison to the previous month. Exports to the United States edged down 1.8 percent year-on-year against the 11.2 percent annual decline in October.

The trade balance arrived at a surplus of 152.5 billion yen ($1.29 billion). The yen dropped 8.4 percent in November, which resulted in pulling up the value of Japanese exports.

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**InstaForex Gertrude** · 03-01-17, 05:37

Tesla Postpones Brexit Price Increases for U.K. Buyers

The plans of Tesla Motors Inc. to raise prices by five percent in the U.K. was postponed until Jan. 15 from the initial start of the year deadline, according to its latest statement. Vehicles that were previously ordered and built by mid-April will still have free access to to the firm's Supercharger battery network which is otherwise subject to new fees.

Tesla is raising prices in Britain in regards to the pound's decline since the U.K.'s referendum in June to leave the European Union. The Palo Alto has given clients a week's notice of the change. According to its website, the Model S currently costs 58,900 pounds ($72,400), that claims drivers save nearly 6,500 pounds on gasoline and taxes in a five-year period.

Consumers from the U.K. were hit by price increases from several firms since the June's referendum. Apple Inc. increased the price of a few of its laptops by almost 20 percent, while Tesco Plc pulled out items from its shelves in October as a result of the Brexit-inspired price discord with Unilever Plc.

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**InstaForex Gertrude** · 04-01-17, 05:12

Gold Prices Edge Down as Dollar Hovers Near 14-Year Highs

Gold prices were lower after reaching a three-week peak during the previous session, as the U.S. dollar wavered near 14-year highs against a basket of major currencies. Spot gold was 0.2 percent lower at $1,156.96 per ounce.

U.S. gold futures slid 0.4 percent to $1,157.70 an ounce. The dollar index was last at 103.34 after rising to 103.82 the previous day, its strongest since December 2002. Holdings of the SPDR Gold Trust fell 1.01 percent to 813.87 tonnes. In December, $2.27 billion was pulled out of the world's biggest exchange-traded fund backed by the precious metal. This was the the third consecutive monthly loss and the largest since May 2013.

Platinum futures climbed by over four percent at $944.20 per troy ounce while palladium was 3.9 percent higher at $709.90 per troy ounce. Silver prices closed up 2.6 percent to $16.409 per troy ounce.

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**InstaForex Gertrude** · 05-01-17, 05:47

Gold Reaches 4-Week Peak as Dollar Slips

Gold climbed to its highest level in four weeks as the U.S. dollar fell from its 14-year high it previously touched. Spot gold rose 0.4 percent at $1,167.98 per ounce.

U.S. gold futures were up 0.3 percent to $1,168.70 an ounce. The dollar index edged down 0.5 percent to 102.170. The relatively weaker dollar lifted gold prices higher. The precious metal is priced in dollars and also becomes cheaper for foreign buyers when the U.S. currency weakens. Gold imports to Turkey increased to 36.7 tonnes in December, higher from 4.65 tonnes during the same period in the previous year, according to data from the Istanbul bourse. Perth Mint's sales of gold products climbed in December as sales of silver more than halved.

Holdings of the SPDR Gold Trust fell by nearly 14 percent since the U.S. presidential election in November. It was last unchanged at 813.87 tonnes.

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**InstaForex Gertrude** · 06-01-17, 05:31

Bitcoin Slides Over 23% After Scaling Record-High Levels

The bitcoin fell as much as 23% after bordering a historic high earlier in the trading session.

According to Coindesk data, the cryptocurrency exchanged as low as $887.47, retreating from the day's peak price of $1, 153.02. The high for the session was close to the $1,165.89 hit on November 30, 2013. The price managed to regain footing from the low to around $973.89.

Still, the digital currency managed to top its high on some cryptocurrency exchanges. In contrast to CoinDesk price index which takes into account a number of bitcoin exchanges, individual exchanges reported their own highest prices were surpassed. Among these was the BTC China.

Experts say the rally surge in bitcoin prices created a 'volatile little bubble' which has now broken down. Despite this, industry experts say the long-term outlook for the e-currency continues to be positive. Bitcoin prices are anticipated to regain footing and steady close to the $850 to $1, 000 range depending on the conditions.

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**Williams Taylor** · 08-01-17, 01:29

Anyone who truly hates his own money is going to invest here, as such arrogant support is here especially the Anti-Fraud department, it deserves an Oscar for arrogance, and I truly and deeply hate it! And, it’s my humble request to innocent traders not to waste money here.

**InstaForex Gertrude** · 09-01-17, 05:40

Gold Prices Flat on U.S. Rate Hike Expectations

Gold prices were under pressure early on Monday, after slipping from a one-month peak the previous week on prospects of further interest rate hikes, as investors focus on more outlooks from the U.S. Federal Reserve. Spot gold was stable at $1,173.06 per ounce. U.S. gold futures were flat at $1,173.80 per ounce.

The dollar index inched up 0.1 percent at 102.27. The latest data showed that U.S. employment climbed less than expected in December however, a rebound in wages indicated sustained labor market momentum which sets the economy for robust growth and more interest rate hikes in 2017. Hedge funds and money managers trimmed their bullish position in COMEX gold contracts for the eighth consecutive week in the week to Jan. 3, according to the U.S. Commodity Futures Trading Commission (CFTC) data.

Gold demand in Asia picked up last week on wedding season purchases in India, as prices moved to a premium in the country for the first time in more than a month. Traders anticipate demand to strengthen as a result of the upcoming Chinese New Year.

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**InstaForex Gertrude** · 10-01-17, 06:24

Alibaba Chairman Meets with Trump to Discuss U.S. Job Creation

Jack Ma, the chairman of Chinese giant Alibaba Group Holding Ltd. met with U.S. President-elect Donald Trump to talk on how the online retailer could aid in generating one million new jobs in America.

The e-commerce company said the posts would be created through Alibaba adding around one million small and medium-sized enterprises across its platforms. The additional commerce is estimated to add the matching number of employees.

Other top executives from other firms have met with the incoming U.S. leader in his headquarters in New York with a pledge to create jobs. However, Ma's sit-down with Trump comes after Trump threatened to slap high tariffs on trade with China and accused the country of stealing job opportunities from Americans. Alibaba has also been penciled back on the U.S. Notorious Markets list, after it was deemed that the company did not put in enough effort to tackle counterfeits in its Taobao website.

Alibaba is now attempting to grow a positive working tie with Trump as it looks to expand internationally.

The company's shares advanced 0.9% and closed at $94.72.

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**InstaForex Gertrude** · 11-01-17, 05:36

U.S. Stock Closed Mixed Ahead of Trump Conference

U.S. stocks finished mixed, as the dollar weakened against the yen while investors were cautious ahead of U.S. President-elect Donald Trump's news conference. The Nasdaq Composite hit an intraday high, extending its rally as healthcare stocks advanced for the sixth consecutive session.

The Dow Jones industrial average edged down 0.2 percent to 19,855.53, the S&P 500 was little changed at 2,268.90 while the Nasdaq Composite climbed 0.4 percent to 5,551.82. Caution surrounded the financial markets as the elation regarding Trump's anticipated pro-growth policies faded with Congress holding hearings for his proposed cabinet members. Delta Air Lines Inc. is scheduled to begin the S&P 500 earnings season, with analysts predicting profits for firms in the index grew by 3.8 percent the last quarter.

Seven of the 11 major S&P sectors gained, led by advances of 0.69 percent in industrials. However, the 0.66 percent rise of the financials gave the largest boost. Healthcare stocks was 0.44 percent higher while biotechs climbed 0.5 percent. The Russell 2000 rose by one percent to pull up its post-election advances back towards 15 percent. The measure gained as much as 20 percent in the months following Trump's victory.

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**InstaForex Gertrude** · 12-01-17, 06:34

Gold Edged Higher After Trump Conference

Gold inched higher to hold near 7-week peaks it hit in the previous session, while the dollar fell after Donald Trump gave some form of clarity regarding future fiscal policies during his first press conference as U.S. president-elect. U.S. gold futures were down 0.2 percent to $1,193.70 an ounce. Spot gold climbed 0.2 percent at $1,193.31 an ounce.

Bullion hit a peak of $1,198.40, its best since Nov. 23. Trump's campaign calls for lower taxes and further infrastructure spending have boosted the dollar, along with a driving selloff in Treasuries, however, his protectionist remarks and the series of off-the-cuff Tweets kept many investors from adding to risky positions. Meanwhile, investors expect palladium to gain benefit from tax cuts and higher government spending in the major car markets of the U.S. and China to raise auto sales.

Silver climbed 0.5 percent at $16.70, however, remained below Tuesday's four-week peak of $16.90. Platinum was down 0.4 percent to $974.50 from a previous two-month high at 982.60 while palladium fell 1.3 percent to $754.20 per ounce, slightly near Monday's five-week peak of $768.10.

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**InstaForex Gertrude** · 16-01-17, 05:29

JPMorgan Asset Management Fund Outperforms as it Kept Shorter-Maturity Securities

JP Morgan's own $2.4 billion Global Bond Opportunities Fund has trimmed its average duration in U.S. securities to three years from more than five in July, and has leaped into the domestic debt of Russia and Brazil. Bond investors are facing some hurdles since the global-reflation trades that ignited following the November U.S. presidential election victory for a fiscal-stimulus proposal by Donald Trump.

The firm is upbeat on the local-currency bonds of Russia and Brazil as their economies are expected to rebound, according to Stealey. The domestic debt issued by Russia returned 2.2 percent while Brazil returned 4.7 percent in the previous month as of Jan. 12, as shown by indexes compiled by Bloomberg. Brazil's 10-year notes offer a yield of nearly 11 percent while Russia's is at almost eight percent, in comparison with nearly 2.4 percent for similar-maturity U.S. debt.

The fund's strategy includes the mix of both local currency and dollar-denominated emerging-market bonds which have been increased to 15 percent of the portfolio from 12 percent.

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