Forex News from InstaForex

**InstaForex Gertrude** · 03-11-17, 06:15

China Private Sector Growth At 16-Month Low

China's private sector expanded at the weakest pace in sixteen months in October, survey data from IHS Markit showed Friday.

The Caixin composite output index, which covers both manufacturing and services, dropped to 51.0 in October from 51.4 in September. However, any reading above 50 indicates expansion in the sector.

The softer increase in overall output was largely driven by a further slowdown in manufacturing production growth. At the same time, Chinese services activity picked up from September's 21-month low. The seasonally adjusted Caixin China General Services Business Activity Index rose to 51.2 from 50.6.

New business increased across both the manufacturing and service sectors during October.

Employment at the composite level was little-changed for the third straight month in October, as further job shedding at manufacturers continued to offset hiring at services companies.

"The Caixin PMIs for October showed that the economy had a relatively weak start to the fourth quarter. However, monetary policy is unlikely to be loosened unless major downside risks emerge," Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said.

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**IFX Yvonne** · 06-11-17, 09:28

UAE Non-Oil Private Sector Growth Improves In October

UAE's non-oil private sector growth improved at the start of the fourth quarter, survey figures from Emirates NBD and IHS Markit showed Monday.

The headline Emirates NBD Purchasing Managers' Index, or PMI, rose to 55.9 in October from 55.1 in September. Any reading above 50 indicates expansion in the sector.

"The increase in the UAE's headline index in October reflects faster output growth and a sharp increase in inventories, as firms anticipate stronger demand in the coming weeks," Khatija Haque, Head of MENA Research at Emirates NBD, said.

Employment growth remained robust in October, extending the current sequence of job creation to one-and-a-half years.

On the price front, input prices increased at a solid rate in October, while output prices fell at the fastest rate since March 2010, as firms continued to discount selling prices in order to support demand.

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UAE Non-Oil Private Sector Growth Improves In October

UAE's non-oil private sector growth improved at the start of the fourth quarter, survey figures from Emirates NBD and IHS Markit showed Monday.

The headline Emirates NBD Purchasing Managers' Index, or PMI, rose to 55.9 in October from 55.1 in September. Any reading above 50 indicates expansion in the sector.

"The increase in the UAE's headline index in October reflects faster output growth and a sharp increase in inventories, as firms anticipate stronger demand in the coming weeks," Khatija Haque, Head of MENA Research at Emirates NBD, said.

Employment growth remained robust in October, extending the current sequence of job creation to one-and-a-half years.

On the price front, input prices increased at a solid rate in October, while output prices fell at the fastest rate since March 2010, as firms continued to discount selling prices in order to support demand.

**InstaForex Gertrude** · 16-11-17, 03:01

European Markets Drop as Commodities Decline, Earnings Mixed

European equities retreat as market sentiment was weighed down by declines in commodity stocks while earnings reports were mixed.

The pan-European STOXX 600 fell 0.49 percent provisionally. It was the index's seventh consecutive session of declines, its longest losing streak since October 2016 when markets fell in the run-up to the U.S. presidential election.

The U.K.'s FTSE 100 dropped 0.56 percent, while France's CAC 40 lost 0.27 percent and Germany's DAX slid 0.44 percent.

Autos were among the biggest losers, slipping 0.9 percent, but declines were spread across sectors as investors continued to take profits following this year's rally.

Basic resources was also one of the worst performers, as lower-than-expected retail sales and industrial production figures recently seen and a drop in metal prices weighed on trade. Copper producer Aurubis lost four percent.

Oil and gas tumbled 1.49 percent due to lower oil prices. Crude oil's price decline added pressure on mining and energy stocks like Rio Tinto and Royal Dutch Shell.

Among oil companies Tullow Oil led declines, dropping 5.2 percent while services firm TechnipFMC and Austrian refiner OMV also fell 3.2 to 4.3 percent.

German rubber maker Lanxess dropped more than three percent after posting its third quarter net profit which turned out to be lower than the previous year. Potash miner K+S plunged more than five percent, after its operating profit and third quarter revenue missed market expectations.

Bucking the trend was Airbus rising 2.35 percent after receiving a 430 airplane order from Indigo Partners. Shares of Cobham also climbed more than 3.5 percent before trimming gains to end 2.36 percent higher, after it issued a trading statement saying its performance for this year remained "unchanged".

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**InstaForex Gertrude** · 20-11-17, 05:23

Japan Export Growth Steady in October

Japan's export growth was steady in October, which indicates that global demand for Japanese cars and electronics will likely extend the economic recovery into the current quarter.

According to data from the Ministry of Finance, exports increased 14.0 percent year-on-year in October, driven by shipments of automobiles to Australia and liquid-crystal device production equipment and raw materials for plastics to China. It follows a 14.1 percent rise in September.

The recent figures follows data which showed that Japan's economy grew at an annualized rate of 1.4 percent in the third quarter, propelled by strong external demand.

In volume terms, exports increased 3.8 percent in October from the previous year, following a 4.8 percent annual rise in September.

The value of exports to the United States was up 7.1 percent in the year to October led by motors and construction and mining machinery, following an 11.1 percent rise in September.

Japan's trade surplus with the United States increased by an annual 11.3 percent in October to 644.7 billion yen ($5.75 billion), a source of concern given President Donald Trump's demand for bilateral trade talks to fix trade imbalances under his “America First” policy.

The data recorded the fourth consecutive month of annual expansion in Japan's trade surplus with the United States.

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**InstaForex Gertrude** · 04-12-17, 05:21

UK and EU on the Verge of Sealing Brexit Divorce Deal

Britain and the European Union are on the edge of finalizing a Brexit separation deal on Monday, as UK Prime Minister Theresa May travels to Brussels to open trade talks.

Northern Ireland and the future role of European courts in Britain are the most delicate issues that remain to be endorsed in a draft joint text that May hopes to sign-off over the meeting with European Commission President Jean Claude Juncker.

According to diplomats involved in the negotiations, objections from Northern Irish unionist politicians are currently the main potential deal-breaker. A senior Irish official said that they await signs of a definitive breakthrough, leaving the agreement hanging in the balance.

The largest risk is the consent of the British cabinet and Northern Ireland's Democratic Unionist party, May's parliamentary ally, to the wording of a proposed compromise on the Northern Ireland border.

The EU side calls for May to endorse draft language that would, in effect, acknowledge the need for a unique fallback option for Northern Ireland if EU-UK trade relations make a hard border impossible to avoid.

A group of 30 Eurosceptic figures from a campaign group known as Leave Means Leave said that Britain should pull out from talks unless certain demands were met.

May gave in to EU demands on the UK paying a financial settlement of €40 billion-€60 billion net and the rights of EU citizens in Britain.

EU leaders have cautioned May that today's meeting is a deadline for resolving outstanding issues if she hopes to guarantee a “sufficient progress” EU summit on December 14-15.

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**InstaForex Gertrude** · 06-12-17, 06:18

Bitcoin Breaks Through $12, 000 Mark for the First Time

In early Asian trading, Bitcoin's value rose above the $12, 000 mark, as the digital currency continued its rally. The digital currency last traded at $12, 123.98, according to CoinDesk.

The digital currency started the year at less than $1, 000 per token, but in recent months has shown a stellar upward movement: it reached $5, 000 in October and rose above $11, 000 for the first time less than two months later, CoinDesk data showed.

The most recent surge brings the cryptocurrency's total market value to around $203 billion.

The digital token's rally comes amid widespread criticism from Wall Street analysts and financial institution personalities.

Despite this, many elements of the financial world have welcomed the new crypto asset class. Major exchanges such as CME and CBOE have legitimized the cryptocurrency's investment credentials by announcing their plans to introduce future contracts to their respective exchanges in the near future.

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**InstaForex Gertrude** · 07-12-17, 05:42

Australian Dollar Slides to Two-Week Low after Trade Data Miss Estimates

The Australian dollar declined to a two-week low on Thursday after published economic data showed its trade surplus contracted in October, clocking in below estimates as exports weakened.

According to the Australian Bureau of Statistics, the country's balance of goods and services was a surplus of A$105 million for October. The figure was down from A$1.6 billion in September and missed estimates of A$1.4 billion by economists

Exports declined 3 percent in October compared to the prior month's A$903 million, missing estimates of 3 percent growth. Outbound shipments of non-rural goods declined 5 percent while rural goods slid 2 percent.

Imports increased 2 percent month on month, defying expectations that inbound shipments would be flat.

The Aussie declined 0.3 percent versus the greenback to its lowest since November at $0.7544 after the data publication.

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**InstaForex Gertrude** · 13-12-17, 05:38

Bitcoin Scales New Record High in Rally Towards $20, 000

The digital currency Bitcoin reached another record peak on Tuesday, two days after the debut of the bitcoin futures on a U.S. exchange and before the launch of another futures contract next week, raising investors' hope that the Bitcoin is nearing the $20, 000 mark.

On Sunday, Cboe Global Markets introduced bitcoin futures, allowing investors to experience trading with the cryptocurrency through a large, regulated exchange. On December 17, CME Group is expected to launch its own futures contract.

The biggest cryptocurrency in the world was priced at $17, 310 on Bitstamp exchange, up 5.1 percent on the day. Early on Tuesday, bitcoin rose to a record high of $17, 428.42, recording an almost 20-fold rise in its value for the year as it attracted millions of new investors.

However, as bitcoin hit a new record, digital currency exchange operators Coinbase and Bitfinex reported issues with service via their website, causing problems for traders looking to lock in their profits on the latest gains in the value of bitcoin and other cryptocurrencies.

Meanwhile, the one-month bitcoin futures on Cboe Futures Exchange traded slightly tepid, with prices generally stead and volumes around a third of those seen on Monday. Bitcoin futures due on January traded at $18, 450 with around 1,416 contracts traded.

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**InstaForex Gertrude** · 05-02-18, 05:01

Gold Eases on Stronger Dollar after Upbeat Jobs Data

Gold prices edged down early on Monday on a stronger dollar following a positive U.S. jobs data published late last week, but a decline in stocks cushioned the fall.

Spot gold has fallen 0.1 percent to $1,331.80 per ounce. Spot gold on Friday declined by 1.2 percent, marking its biggest one-day decline since December 7. In the previous week, the precious metal experienced its biggest weekly fall since the week ending December 8.

U.S. gold futures traded down 0.1 percent at $1,336 per ounce.

In January, non-farm payrolls increased by 200, 00 jobs, according to the Labor Department, surpassing the expected 180, 000 increase and their biggest annual gain in over eight and a half years.

Average hourly earnings increased and bolstered the annual gain to 2.9 percent, the biggest since June 2009.

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**InstaForex Gertrude** · 23-02-21, 06:39

NEW ZEALAND RETAIL SALES VOLUME RISES 4.8% ON YEAR IN Q4

The volume of retail sales in New Zealand was up 4.8 percent on year in the fourth quarter of 2020, Statistics New Zealand said on Tuesday - slowing from 8.3 percent in the three months prior.

The total value of retail sales was up 4.9 percent (NZ$1.3 billion).

The main movements by industry were: motor vehicle and parts retailing, up 12 percent (NZ$412 million); hardware, building, and garden supplies, up 16 percent (NZ$388 million); electrical and electronic goods retailing, up 19 percent (NZ$214 million); and supermarket and grocery stores, up 3.3 percent (NZ$187 million).

On a quarterly basis, sales were down 2.7 percent after skyrocketing 28.0 percent in the previous three months.

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**InstaForex Gertrude** · 12-05-16, 06:38

Cameron unveils UK property rule amendments

Seeking to topple corruption worldwide, Prime Minister David Cameron announced foreign entities with properties in the United Kingdom are mandated to publicly declare their assets, saying they need to be on a new register. The British premier made the announcement as world leaders are heading to a the Lancaster House summit in London aimed at bolstering measures to eradicate money laundering. Cameron is hosting the gathering. No list of participants has been released. But Afghan President Ashraf Ghani and US State Secretary John Kerry are awaited to join the convention. Also, the details of the event are not yet published. However, organizers disclosed the event will find ways to unmask corruption.

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**InstaForex Gertrude** · 27-10-16, 06:11

Fxwirepro: South Korean Won Opens Onshore Trade at 1,139.0 Per Dollar; Stay Bullish

USD/KRW is currently trading around 1,138 levels.
It made intraday high at 1,139 and low at 1,136 marks.
Intraday bias remains bullish till the time pair holds key support at 1,125 levels. A daily close above 1,135 will drag the parity higher towards key resistances at 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
On the other side, a sustained close below 1,125 will test key supports at 1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.24 percent higher at 2,018.46 points.
We prefer to go long on USD/KRW only above 1,138, stop loss 1,117 and target 1,152/1,168.

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**InstaForex Gertrude** · 12-11-18, 08:50

Singapore Retail Sales Rebound In September

Singapore's retail sales grew in September after declining in the previous two months, preliminary data from Statistics Singapore showed on Monday.

Retail sales at current prices rose 1.9 percent year-on-year following a 0.4 percent decline in August and a 2.6 percent slump in July. In June, sales grew 1.9 percent.

Excluding automobiles, retail sales increased 1.8 percent year-on-year after a 2.4 percent increase in August.

Automobile sales grew 2.5 percent year-on-year following declines in the previous two months.

Sales at petrol service stations registered the biggest gain of 11.4 percent in September followed by watches and jewelry, sales of which increased 7.4 percent.

Food store sales grew 2.5 percent. In contrast, sales of computer and telecommunication equipment continued to fall, down 5.8 percent. Sales of optical goods and books dropped 3.1 percent.

On a month-on-month basis, retail sales decreased a seasonally adjusted 0.4 percent at current prices in September after a 2.4 percent increase in August.

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**InstaForex Gertrude** · 11-07-23, 08:41

UK JOBLESS RATE RISES TO 4.0%

The UK unemployment rate increased in three months to May, data released by the Office for National Statistics showed on Tuesday.

The ILO jobless rate rose to 4.0 percent in three months to May from 3.8 percent in the preceding period.

In June, the payrolled employment showed a monthly fall of 9,000 to 30.0 million.

In April to June, the number of vacancies decreased 85,000 sequentially to 1.03 million. This was the 12th consecutive decline.

Average earnings including bonus grew 6.9 percent in three months to May from the last year, slightly slower than economists' forecast of 6.8 percent.

Excluding bonuses, average earnings moved up 7.3 percent compared to the expected increase of 7.1 percent.

About 128,000 working days were lost because of labor disputes in May, marking the lowest since July 2022, data showed.

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Read More https://ifxpr.com/44mzKow

**InstaForex Gertrude** · 13-05-16, 04:25

Fxwirepro: Kiwi falls on the Back of Lower Than expected Retail Sales Data

AUD/NZD is trading around 1.0726 marks.
Pair made intraday high at 1.0743 and low at 1.0717 marks.
Today New Zealand released retail sales data with negative numbers at 0.8% q/q vs 1.1% q/q previous release.
In addition, core retail sales falls to 1.0% q/q vs 1.1% q/q previous release. Intraday bias remains neutral for the moment.
A daily close below 1.0725 will take the parity down towards 1.0670 (February 26, 2016 low) and 1.0574 (February 12, 2016 low) marks.
On the other side, reversal from key support will drag the parity higher towards 1.0886, 1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 (March 23, 2016 high) levels respectively.
We prefer to take short position in AUD/NZD only below 1.0725, stop loss 1.0823 and target 1.0651/1.0574 marks.

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**InstaForex Gertrude** · 25-05-16, 04:42

Fxwirepro: Kiwi Gains in Early Asia on the Back of Higher Than expected Trade Balance Data

AUD/NZD is trading around 1.0653 marks.
Pair made intraday high at 1.0667 and low at 1.0634 marks.
Today New Zealand released trade balance data with positive numbers at 292M vs 189M previous release.
Goods exports rose 4.0 percent in April 2016, up $166 million to $4.3 billion, Statistics New Zealand said today. The total value of goods imported in April 2016 was $4.0 billion, up $58 million (1.5 percent). Consumption goods led the rise, up $129 million (14 percent), with increases across a broad range of goods. Intraday bias remains bearish till the time pair holds key resistance at 1.0741 marks.
A daily close below 1.0620 will take the parity down towards key support around 1.0574 (February 12, 2016 low) and 1.0506 marks respectively.
On the other side, a sustained close above 1.0734 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms bearish trend.
We prefer to take short position in AUD/NZD around 1.0670, stop loss 1.0734 and target 1.0574 levels.

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**InstaForex Gertrude** · 16-10-19, 03:08

New Zealand CPI Climbs 0.7% In Q3

Consumer prices in New Zealand were up 0.7 percent on quarter in the third quarter of 2019, Statistics New Zealand said on Wednesday - surpassing expectations for an increase of 0.6 percent, which would have been unchanged from the previous three months.

Housing and household utilities rose 1.2 percent on quarter, influenced by higher prices for property rates and related services (up 4.9 percent).

Food prices rose 1.3 percent, influenced by higher prices for meat, poultry, and fish (up 3.4 percent).

On a yearly basis, consumer prices advanced 1.5 percent - again exceeding expectations for 1.4 percent and down from 1.7 percent in the three months prior.

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**InstaForex Gertrude** · 26-05-16, 03:34

Fxwirepro: Yen Gains Sharply in Early Asia After Corporate Price Index Data, Intraday Bias Remains Bearish

USD/JPY is currently trading around 109.46 marks.
It made intraday high at 110.23 and low at 109.43 levels.
Today Japan released corporate service price index data with flat numbers at 0.2% m/m as expected.
Intraday bias remains bearish for the moment.
A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
Alternatively, a sustained break below 109.17 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.

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**InstaForex Gertrude** · 26-05-16, 06:19

Abe to bring G7 leaders to Shinto religion site ahead of summit

Japanese Prime Minister Shinzo Abe was poised to tour Group of Seven leaders to the Shinto religion's holiest location ahead of convention discussing different global economic risks, including China's maritime aggressiveness and refugee crisis.
President Barack Obama and other G7 leaders would visit the grounds of Ise Grand Shrine, dedicated to sun goddess Amaterasu Omikami, direct descendants of emperors of Japan.
The Japanese premier hopes the shrine visit will give an insight to the core of Japanese culture. But critics slammed Abe's move, reiterating he caters the conservative base seeking to revive religion in politics and traditional norms.

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**InstaForex Gertrude** · 27-05-16, 04:34

Fxwirepro: Japanese Yen Gains in Early Asia on Robust Core Cpi Data

USD/JPY is currently trading around 109.76 marks.
It made intraday high at 109.79 and low at 109.55 levels.
Today Japan released core CPI data with positive numbers at -0.3% m/m vs -0.4% m/m consensus forecast. Intraday bias remains neutral for the moment.
A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
Alternatively, a sustained break below 109.41 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.

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