Forex News from InstaForex

**InstaForex Gertrude** · 06-03-17, 04:44

Fxwirepro: Eur/krw Hits Fresh 4-Week High at 1,225 Mark, Faces Strong Resistance at 1,228

EUR/KRW is currently trading around 1,224 mark.

Pair made intraday high at 1,225 and low at 1,219 levels.

Intraday bias remains bullish till the time pair holds key support at 1,221 mark.

A daily close below 1,221 will drag the parity down towards key supports around 1,207, 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.

Alternatively, a sustained close above 1,221 will take the parity higher towards key resistances around 1,228, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.

Seoul shares open down 0.27 pct at 2073.20.

South Korea’s February FX reserves increase to 373.91 bln $.

We prefer to take short position in EUR/KRW around 1,225, stop loss at 1,235 and target of 1,205.

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**InstaForex Gertrude** · 13-03-17, 06:14

Toshiba Tec Rallies on Reported Stake Sale

Toshiba Tec Corp. shares advanced more than 6% in early Asian trading, lifted by a report that Toshiba Corp., its owner company, is mulling to sell shares in the firm. Toshiba Tec shares were last seen trading at 645 yen, rising 5.2% from its finish on Friday.

Toshiba Corp. denounced a Nikkei business daily report that it was eyeing to share shares in the cash register systems maker, as it looks to raise cash for an upcoming $6.3 billion massive writedown for its U.S. nuclear business unit.

The Japanese conglomerate reportedly chose an advisory company to help seek out a buyer for Toshiba tec, Nikkei said. According to the paper, the seen sale of 50.02% stake in the company would be valued around 100 billion yen or $870 million.

Toshiba is currently laying the groundwork for the sale of a majority or the entirety of its stake in its memory chips business, which is currently valued by the company at $13 billion. Earlier this March, the company has also sold all of its shares in its subsidiary Toshiba Machine Co. for $134 million to raise money.

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**InstaForex Gertrude** · 30-03-17, 05:50

Fxwirepro: Usd/thb Rejects Key Resistance at 34.55 After Bot Kept Interest Rate Steady

USD/THB is currently trading around 34.48 marks.

It made intraday high at 34.49 and low at 34.41 marks.

Intraday bias remains neutral till the time pair holds key resistance at 34.55 mark. On the top side, key resistances are seen at 34.55, 34.61, 34.72, 34.85, 34.97, 35.11, 35.20, 35.32, 35.42, 35.62, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.

Alternatively, a daily close below 34.41 will drag the parity down towards key supports around 34.32, 34.20 and 34.01 marks respectively.

Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take short position in USD/THB only below 34.41, stop loss at 34.55 and target of 34.32.

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**InstaForex Gertrude** · 07-04-17, 04:52

Australia Construction Sector Slows In March - AiG

The construction sector in Australia continued to expand in March, although at a slower pace, the latest survey from the Australian Industry Group showed on Friday with a Performance of Construction Index score of 51.2.

That's down from 53.1 in February, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, the slowdown was attributed to softness in apartment, commercial and building activity - although house building picked up steam.

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**InstaForex Gertrude** · 17-04-17, 05:51

U.S. Energy Chief Orders Study of Electric Grid to Ensure Power Supplies

U.S. Energy Secretary Rick Perry called for a study of the U.S. electric grid, with the focus on examining whether policies which promote wind and solar energy are further accelerating the retirement of coal and nuclear plants significant to assure stable and reliable power supplies.

The 60-day review follows as regulators try to figure out how they could balance electric reliability with a stack of state policies that are more focused on less stable renewable energy sources. U.S. President Donald Trump has moved to dismantle Obama-era policies which impeded coal-fired power plants. Regulations that Perry claims have reduced jobs and threatened to weaken the grid's performance. Perry's move implies that the administration is looking for ways to maintain coal plants online.

The study comes after the G-7 Energy Ministerial meeting in Rome where a discussion was made for the need to diversify the supply of electricity. German consumers have been bearing the expense for a green transition, as it promptly shuts nuclear plants and embraces renewable power.

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**InstaForex Gertrude** · 22-05-17, 04:43

Fxwirepro: South Korean Won Marginally Higher Despite Lower Than expected Ppi Growth Data

EUR/KRW is currently trading around 1,249 mark.

Pair made intraday high at 1,251 and low at 1,248 levels.

Intraday bias remains neutral till the time pair holds key support at 1,250 mark.

A daily close below 1,250 will drag the parity down towards key supports around 1,242, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194, 1,189, 1,178, 1,163 and 1,154 marks respectively.

Alternatively, a sustained close above 1,250 will take the parity higher towards key resistances around 1,260, 1,274, 1,287 and 1,304 marks respectively.

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

Seoul shares open up 0.53 pct at 2300.68.

South Korea’s April PPI growth m/m decrease to -0.1 % vs previous 0.0 % (revised from -0.1 %).

South Korea’s April PPI growth y/y decrease to 4 % vs previous 4.3 % (revised from 4.2 %).

We prefer to take short position in EUR/KRW only below 1,247, stop loss at 1,260 and target of 1,240/1,234.

News are provided byInstaForex.

**InstaForex Gertrude** · 01-06-17, 03:59

Japan Capex Jumps 4.5% In Q1

Capital spending in Japan was up 4.5 percent on quarter in the first three months of 2017, the Ministry of Finance said on Thursday.

That beat forecasts for an increase of 4.0 percent following the 3.8 percent gain in the previous three months.

Excluding software, capex climbed 5.2 percent - again exceeding expectations for 4.1 percent and up from 3.3 percent in Q4.

Company profits surged 26.6 percent after jumping 16.9 percent three months earlier, while company sales climbed 5.6 percent - up from 2.0 percent in Q4.

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**InstaForex Gertrude** · 07-06-17, 04:16

Australia Manufacturing Sector Picks Up Steam In May - AIG

The construction sector in Australia continued to expand in May, and at a faster rate, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Construction Index score of 56.7.

That's up sharply from 51.9 in April, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

It also marks the fastest rate of expansion in more than two and a half years.

Individually, apartment building saw the biggest jump, although house building fell back into contraction.

Engineering construction and commercial construction were firmly in expansion territory.

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**InstaForex Gertrude** · 13-06-17, 08:07

Treasury Yields Continue to Rally Ahead of Fed Meeting

U.S. government bond yields edged up as prices retreated ahead of the closely monitored two-day U.S. Federal Reserve policy meeting scheduled to start on Tuesday.

The yield on the two-year Treasury note, which is particularly sensitive to shifts in Fed policy, advanced 2.1 basis points to 1.359 percent. Meanwhile the yield on the 10-year note advanced 1.4 basis points to 2.215 percent. The yield on the long bond or the 30-year bond advanced 1.5 basis points to 2.867 percent.

Treasury yields rallied due to expectations of a quarter-point rate increase by the Fed by the end of the June policy meeting. Aside from this, investors will also be looking for clues on the pace of the rate increases after the latest one, with odds of a fifth rate hike since December 2015 falling below 50 percent.

Market participants are also expected to look forward to consumer price data slated to be released on Wednesday as Fed policymakers called the weak consumer price data in March and April as temporary to build up a June rate hike.

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**InstaForex Gertrude** · 19-06-17, 07:02

U.K. and EU Begin Brexit Talks

British Brexit Secretary Davis Davis launches official talks in Brussels on Monday, that will forge the terms on with the UK will divorce from the European Union and set its ties with the zone for the coming years.

Almost a year since Britons shocked the world by voting on June 23 to sever ties with their main trading partner and almost three months since PM Theresa May triggered a two-year countdown to Brexit in March 2019, there is almost no clarity to what the future holds for both parties.

Even the British premier's political survivability is in question. Theresa May's conservatives lost their majority in a general election 10 days ago.

Davis is slated to meet chief EU arbitrator Michel Barnier at the European Commission's headquarters. They are scheduled to give a joint press conference following dialogue among their teams that will last seven hours.

Both parties attempted to downplay expectations for the possible results after a day of discussions. EU diplomats hope that the first meeting can enhance the talks' atmosphere following heated exchanges.

Davis conceding to Monday's agenda led some EU officials to perceive that May's government may be beginning to come around how the Brexit talks should proceed on Brussel's terms.

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**InstaForex Gertrude** · 22-06-17, 06:51

Gold Climbs as Treasury Yields Hit Near 10-Year Low

Gold prices rose Thursday as the US dollar's easing made the Treasury yields hit its lowest in almost a decade.

The curve of the Treasury yield straightened to almost 10-year troughs as investors assessed how the Federal Reserve's hawkish tool shaped the economy but inflation measures are slumping. The greenback tumbled from a one-month peak versus a bunch of currencies.

US gold futures for August settlement traded at $1,253.10 an ounce, up 0.6%. Spot gold stood at $1,251.91 an ounce, up 0.5%. Earlier, it gained 0.3%, its biggest intraday percentage change since June 6.

Meanwhile, the holdings of SPDR Gold Trust climbed 0.4% to 853.98 tonnes, previously 853.68 tonnes.

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**InstaForex Gertrude** · 30-06-17, 04:52

China Manufacturing Sector Picks Up Steam In June

The manufacturing sector in China continued to expand in June, and at a faster pace, the latest survey from the National Bureau of Statistics showed on Friday with a manufacturing PMI score of 51.7.

That beat forecasts for 51.0, and it's up from 51.2 in May.

It also moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

The bureau also said that its non-manufacturing PMI came in with a score of 54.9, up from 54.5 in the previous month.

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**InstaForex Gertrude** · 14-07-17, 04:55

Singapore GDP Expands 2.5% On Year In Q2

Singapore's gross domestic product advanced 2.5 percent on year in the second quarter of 2017, the Ministry of Trade and Industry said in Friday's advance estimate.

That follows the 2.5 percent increase in the previous three months.

On a quarterly annualized, seasonally adjusted basis, GDP added 0.4 percent after sinking 1.9 percent in the three months prior.

The manufacturing sector expanded 8.0 percent on year in the first quarter, moderating from the 8.5 percent growth in the previous quarter.

Growth was supported mainly by the electronics and precision engineering clusters, the ministry said, which saw robust expansion on the back of strong external demand for semiconductors.

It added 2.4 percent on quarter, up from 0.4 percent in Q1.

The construction sector contracted 5.6 percent on year after sliding 6.1 percent in the three months prior.

The sector was weighed down by weakness in both private and public sector construction, the bureau noted.

On a quarterly basis, the sector climbed 4.3 percent after contracting 14.4 percent in the previous three months.

The services producing industries added 1.7 percent on year after gaining 1.4 percent in the first quarter.

Growth was supported primarily by transportation, storage and business services.

On a quarterly basis, the sector added 0.4 percent after contracting 2.7 percent in the three months prior.

News are provided by InstaForex

**InstaForex Gertrude** · 18-07-17, 04:09

European Markets Mixed but Mining Shares Rise

European stocks closed mixed as investors priced in upbeat Chinese data and paid attention to earnings, while mining shares rose.

The pan-European Stoxx 600 climbed less than two points at 386.86, trimming its gains as most major European stocks moved lower. London's FTSE 100 rose 0.22 percent, France's CAC 40 fell 0.14 percent and Germany's DAX 30 lost 0.41 percent. Last week, the Stoxx 600 advanced 1.8 percent, the biggest gain since early May.

The upbeat second quarter gross domestic product reading released overnight from China helped boost bullish sentiment.

Advances in the basic materials group were led by mining stocks, which were supported following China's stronger than expected data. Data from China, a major consumer of industrial and precious metals, also revealed strengthening in industrial production and retail sales.

Weir Group led gains on the Stoxx 600 with advances of over eight percent after the company said it sees full-year revenue to exceed analysts' estimates.

Telenor was the second biggest advancer, rising almost eight percent as the Norwegian telecommunications firm increased its margin forecasts for this year after posting a solid second quarter.

European energy stocks traded mixed while financial stocks were under pressure.

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**InstaForex Gertrude** · 24-07-17, 04:50

MERCOSUR: Bloc Could Expel Venezuela, Says Argentina Minister

Mercosur will permanently expel Venezuela from the bloc if the country's government advances with its intentions to call for a Constituent Assembly election on July 30, said the Argentinean Foreign Minister Jorge Faurie at the sidelines of the bloc summit in Mendoza.

"Some may read it as an expelling, but at the moment we do not have to discuss if it is a suspension of this or that. We have to talk about the fact that there is no democracy in Venezuela, and we will ratify it if there is no capacity for dialogue," the chancellor told reporters.

Venezuela was suspended from Mercosur for disrespecting the bloc's regulations. Earlier, Argentina President Mauricio Macri said that Mercosur is expecting the early adoption of an electoral calendar.

President Nicol?s Maduro's opponents carried out a 24-hour national strike as a part of the "zero hour" initiative, which seeks the president's resignation.

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**InstaForex Gertrude** · 27-07-17, 05:13

BRAZIL: Steelmakers Estimate Higher Output And Lower Sales In 2017

The Brazilian Steel Institute (IABr), which represents steelmakers that operate in the country, kept unchanged its forecast for the local steel output in 2017 at 32.420 million tons, a 3.8% increase compared to last year. However, the estimate for domestic steel sales was revised down to 16.310 million tons, a 1.3% decrease. Previously, IABR expected a 1.3% increase.

Steel exports, meanwhile, are projected to rise 9.1% in 2017, to 14.659 million tons, compared with a previous forecast of a 6.4% increase. Exports revenue should grow by 32.6%, to US$ 7.420 billion.

Steel imports are expected to rise 18.8%, to 2,232 million tons, more than the 6.6% increase anticipated by the IABr in April. Imports revenue should grow by 11.8%, to US$ 1.951 billion. Steel consumption - which includes domestic sales plus imports by distributors and consumers - is expected to rise 1.1%, to 18.418 million tons. The previous projection was a 2.9% increase.

According to the IABr chairman, Marco Polo de Mello Lopes, the steel sector is still at a delicate moment, with little internal consumption.

"The market has not recovered yet and will not resume during 2017," he told a news conference.

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**InstaForex Gertrude** · 31-07-17, 05:11

Japan Industrial Production Exits Contraction

Japan's industrial output recovered in June, pulling away from contraction and marking the third time this year the key measure of production regained its footing from a decline in the prior month.

On a monthly basis, industrial production increased 1.6 percent in June, according to an initial reading from the Ministry of Economy, Trade and Industry. The month-on-month numbers was slightly short of the expected 1.7 percent increase, but a significant recovery from May's contraction of 3.6 percent.

The transport sector's output climbed 4.2 percent in June, recovering from a 13 percent slid in the preceding month. Output of chemicals also jumped 3.4 percent during the period, compared to the 2.2 percent decline in May.

Manufacturers see a steady increase in output in the following months, indicating that solid demand abroad and increase in consumer spending could buttress overall growth of the Japanese economy. Manufacturers expect output to increase 0.8 percent in July and 3.6 percent in the succeeding month.

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**InstaForex Gertrude** · 03-08-17, 04:56

Singapore PMI Moves Up To 51.3 In July - Nikkei

The private sector in Singapore continued to strengthen in July, the latest survey from Nikkei showed on Thursday with a PMI score of 51.3.

That's up from 50.7 in June, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were stronger rises in both output and total new orders.

Export sales increased at a record high, although lower employment persisted.

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**InstaForex Gertrude** · 10-08-17, 05:37

Wall Street Drops Amid North Korea Tensions

U.S. equities closed lower on Wednesday with mild declines as the market trimmed losses toward the end.

Growing tensions between the US and North Korea rattled markets around the world, which halted the rally in stocks that was spurred by corporate earnings and global economic expansion.

The Dow Jones industrial average slipped 0.17 percent to 22,048.70, as Walt Disney contributed the most declines. The S&P 500 ended below the flatline at 2,472.02. The index dropped as much as half a percent, with utilities leading losses. The Nasdaq composite was down 0.28 percent to 6,352.33.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, touched a one-month peak.

Politics raised U.S. defense stocks. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman all advanced while the Dow Jones U.S. defense index rose 1.6 percent after notching a record peak.

Some weak corporate results contributed to the pressure on U.S. stocks.

Losses in Walt Disney trimmed nearly 28 points off the Dow industrials. The company lost 3.9 percent to $102.83 after it posted a lower-than-expected decline in operating income from its cable-networks business and also announced it will end a deal with Netflix after next year. Shares of Netflix shed 1.4 percent to 175.78.

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**InstaForex Gertrude** · 14-08-17, 05:06

Japan GDP Jumps 1.0% In Q2

Japan's gross domestic product expanded 1.0 percent on quarter in the second three months of 2017, the Cabinet Office said in Monday's preliminary reading.

That beat forecasts for a gain of 0.6 percent following the upwardly revised 0.4 percent increase in the three months prior (originally -0.3 percent).

On a yearly basis, GDP surged 4.0 percent - again topping expectations for 2.5 percent and up from the upwardly revised 1.5 percent jump in the first quarter (originally 1.0 percent).

Nominal GDP jumped 1.1 percent on quarter, beating forecasts for an increase of 0.7 percent following the 0.3 percent decline in the previous three months.

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