Forex News from InstaForex

**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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**InstaForex Gertrude** · 23-06-16, 05:49

Fxwirepro: Eur/gbp slips Below 78.6% Fib As Gbp Remains Bid on Bremain Sentiment

According to the latest poll, via Number Cruncher Politics, the Remain camp continues on the lead at 46%(+3 from previous) vs Leave 44% (-1 from previous), with undecided at 10 (-2 from previous).

Overnight, the latest polls via YouGov (online), showed Remain 51% and Leave 49%, while ComRes (phone) saw Remain 48% and Leave 42%.

The pound continues to be well bid in light of the most recent opinion polls' outcomes. EUR/GBP has slipped below the 78% Fibo level and is currently trading around 0.7645 levels.

Resistances on the upside align at 0.7656 (78.6% Fib of 0.7565 to 0.80 rally) ahead of 5-DMA at 0.77.

On the downside supports are seen at 0.7617 (Jan 21st low), 0.76 and then 0.7568 (200-DMA). Market sentiment could be volatile in the lead up to the vote and recent moves on currency markets remain vulnerable to swings/reversals.

Recommendation: Book partial profits, tighten trailing stops to 0.7656, target 0.7620/ 0.76

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**InstaForex Gertrude** · 24-06-16, 06:11

Briferendum Series: Global Markets Feel Newcastle Tremors

Results are coming out and some of them are a shocker. Newcastle was expected to be a stronghold for the “Remain” camp and was expected to provide somewhere around 12 percentage points lead to the “Remain” camp, instead, it was a very narrow lead in favor of the “Remain”. With 68 percent turnout, 65,504 people voted in favor of staying in the Union, while 63,598 favored going out. Newcastle was able to give a lead of only 1.4 percentage points to the “Remain” camp.

With such setbacks, it’s not going well for the “Remain” camp. According to latest figure, authorities have so far declared results in 184 local authorities and 188 are still remaining. It is not all looking good for the “Remain” camp. “Leave” camp is leading with 52 percent in their favor.

The pound has been declining fast after Newcastle shocker. Currently trading at 1.364 against the dollar, down more than 6 percent. The yen is up more than 3 percent trading at 101.3. S&P 500 is down 3.9%.

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**InstaForex Gertrude** · 27-06-16, 04:42

Fxwirepro: Usd/jpy Stabilises Above 102.00 Mark, Bias Remains Bullish Above 101.48

USD/JPY is currently trading around 102.34 marks. It made intraday high at 102.47 and low at 101.50 levels. Intraday bias remains bullish till the time pair holds key support at 101.48 marks. A sustained close below 101.50 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively. Alternatively, a daily close above 103.45 is required to take the parity higher towards key resistances around 104.80, 106.12 and 107.46 levels respectively. Today is relatively calm session at the start of the new week. Markets expect range bound movement for the day.

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**InstaForex Gertrude** · 29-06-16, 05:41

Fxwirepro: South Korean Won Gains Sharply Against U.s. Dollar As Manufacturing Bsi Index Meets Expectations

USD/KRW is currently trading around 1165 levels.
It made intraday high at 1170 and low at 1165 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1176 mark.
A sustained close below 1162 will tests key supports 1153/1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Alternatively, a daily close above 1176 will drag the parity higher towards key resistances at 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
In addition, South Korea’s Kospi was trading 1.18% higher at 1,959.92 points.
South Korea’s manufacturing BSI index stays flat at 72 vs previous 72.
We prefer to take short position in USD/KRW only below 1162, stop loss 1172 and target 1153/ 1145 marks respectively.

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**InstaForex Gertrude** · 30-06-16, 04:31

New Zealand Business Confidence Jumps In June - ANZ

Business confidence in New Zealand improved markedly in June, the latest survey from ANZ showed on Thursday with an index score of 20.2.
That's up from 11.3 in May.
The activity outlook jumped to 35.1 from 30.4 in the previous month.
The survey's inflation forecast came in at 1.49 percent - up from 1.39 percent a month earlier.

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**InstaForex Gertrude** · 04-07-16, 04:36

Fxwirepro: Silver Rises 3.25 Pct to $20.42, Marks Highest Since August 2014

XAG/USD is currently trading around $20.35 marks.
It made intraday high at $20.43 and low at $19.65 levels.
Intraday bias remains bullish till the time pair holds immediate support at $19.70 marks. A sustained close above $20.43 tests key resistances at $20.78, $21.09 and $21.46 marks respectively.
On the other side, a daily close below $20.00 will take the parity down towards key supports at $19.88, $19.48, $19.34, $19.12 and $19.09 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.

We prefer to take long position in XAG/USD only above $20.43, stop loss at $19.70 and target $20.78/ $21.09 mark

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**InstaForex Gertrude** · 05-07-16, 06:17

Canadian Dollar Drops Against Most Majors

The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
The Canadian dollar fell to a 4-day low of 79.18 against the yen, from yesterday's closing value of 79.81.
Against the euro and the U.S. dollar, the loonie dropped to 1.4349 and 1.2892 from yesterday's closing quotes of 1.4322 and 1.2845, respectively.
If the loonie extends its downtrend, it is likely to find support around 76.00 against the yen, 1.46 against the euro and 1.31 against the greenback.

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

Fxwirepro: Usd/jpy Breaks Key Support at 101.39, Intraday Bias Remains Bearish

USD/JPY is currently trading around 101.19 marks.
It made intraday high at 101.76 and low at 101.05 levels.
Intraday bias remains bearish till the time pair holds key resistance at 102.80 marks.
A daily close above 103.39 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
On the other side, a sustained break below 101.39 will drag the parity down towards key supports at 100.98a, 99.27 and 98.82 levels respectively.
No major economic data is scheduled from Japan but on the other side, US will release ISM non manufacturing PMI as well as FOMC meeting minutes later today.

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**InstaForex Gertrude** · 12-07-16, 06:03

UK Like-For-Like Sales Slide 0.5% In June - BRC

Like-for-like sales in the United Kingdom were down 0.5 percent on year in June, the British Retail Consortium said on Tuesday. That follows the 0.5 percent increase in May. Overall sales were up just 0.2 percent. For the second quarter of 2016, overall sales were up 0.5 percent on quarter and 1.2 percent on year.

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**InstaForex Gertrude** · 15-07-16, 05:19

China GDP +6.7% On Year In Q2

China's gross domestic product expanded 6.7 percent on year in the second quarter of 2016, the National Bureau of Statistics said on Friday. That was unchanged from the previous month, and it topped expectations for 6.6 percent. It was also the figure for the first half of the year. On a quarterly basis, GDP advanced 1.8 percent - exceeding forecasts for 1.6 percent following the upwardly revised 1.2 percent gain in the three months prior (originally 1.1 percent).

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**InstaForex Gertrude** · 18-07-16, 04:29

Fxwirepro: Nzd/usd Extends 4-Day Losing Streak, Bias Lower, Stay Short

New Zealand CPI undershot expectations in Q2, increasing the odds of RBNZ rate cut in August.
Data released today showed NZ consumer price index (CPI) rose at an annualized 0.4% pace in Q2, unchanged from Q1, but slightly lower than the estimate of 0.5%.
The pair extended downside for the the fourth-day, hit session lows of 0.7068 before paring some losses to currently trade around 0.7090 levels.
Our previous call (http://www.econotimes.com/FxWirePro-...rallies-236426) has achieved TP1 and is approaching TP2.
Recommend lowering trailing stop to 0.7170, and hold for targets. Techs are biased lower, bearish invalidation only above 0.72 levels.
Immediate support and resistance are now located at 0.7060 (trendline) and 0.7166 (20-DMA).

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**InstaForex Gertrude** · 19-07-16, 03:49

Aud/usd falls Below 0.7570, weighed by Nzd/usd

NZD/USD falls 1.15%, weighing on AUD/uSD ahead of RBA minutes AUD/USD briefly fall below 10-day MA at 0.7569
Next supprot at 38.2 fibonacci of 0.7505/.7675 move at 0.7535
RBA minutes out at 0.1:30 GMT

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**InstaForex Gertrude** · 20-07-16, 06:15

Fxwirepro: Usd/krw Struggles to Break Key Resistance at 1142, Buy on Dips

USD/KRW is currently trading around 1140 levels.
It made intraday high at 1143 and low at 1139 levels.
Intraday bias remains bullish till the time pair holds key support at 1130 mark.
A sustained break below 1128(October 2015 low) will tests key supports at 1121/1115/1101/1095/1078/1063 levels respectively.
Alternatively, a daily close above 1142 will drag the parity higher towards key resistances at 1152, 1162, 1176, 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
In addition, South Korea’s Kospi was trading 0.25% lower at 2,011.08 points.
We prefer to take long position in USD/KRW only above 1142, stop loss 1128 and target 1152/ 1168 marks.

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**InstaForex Gertrude** · 21-07-16, 04:49

Fxwirepro: Kiwi Depreciates Against Major Peers As Rbnz Signals more Easing

AUD/NZD is trading around 1.0706 marks.
Pair made intraday high at 1.0731 and low at 1.0628 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0610 marks.
On the top side, a sustained close above 1.0722 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.
Alternatively, a sustained break below 1.0611 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only. RBNZ says a decline in the exchange rate is needed.
RBNZ says outlook for inflation has weakened due to high exchange rate.
RBNZ says likely further policy easing will be required. RSS feed

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**InstaForex Gertrude** · 22-07-16, 05:00

Fxwirepro: South Korean Won Opens Onshore Trade at 1,137.5 Per Dollar, Faces Strong Support at 1128

USD/KRW is currently trading around 1134 levels.
It made intraday high at 1136 and low at 1133 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1142 mark.
A sustained break below 1128(October 2015 low) will tests key supports at 1121/1115/1101/1095/1078/1063 levels respectively.
Alternatively, a daily close above 1142 will drag the parity higher towards key resistances at 1152, 1162, 1176, 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
In addition, South Korea’s Kospi was trading 0.05% lower at 2,011.28 points.
We prefer to take short position in USD/KRW only below 1128, stop loss 1142 and target 1115/ 1101 marks.

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**InstaForex Gertrude** · 25-07-16, 04:55

Fxwirepro: Singapore Dollar falls in Early Hours of Asia ahead of Cpi Data

USD/SGD is currently trading around 1.3613 marks.
It made intraday high at 1.3619 and low at 1.3573 levels. Intraday bias remains bullish till the time pair holds key support at 1.3539 marks. A daily close below 1.3539 will drag the parity down towards key supports at 1.3496/1.3420/1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
Alternatively, a sustained close above 1.3627 will tests key resistances at 1.3646, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend. Current upside movement is short term trend correction only.
Singapore will release CPI data at 0500 GMT.
We prefer to take long position in USD/SGD around 1.3602, stop loss 1.3539 and target 1.3740.

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**InstaForex Gertrude** · 26-07-16, 06:12

Fxwirepro: Yen Gains in Early Hours of Asia on the Back of Higher Than expected Sppi Data

USD/JPY is currently trading around 104.91 marks.
It made intra-day high at 105.89 and low at 104.76 levels. Intraday bias remains slightly bearish for the moment.
A daily close above 106.12 will take the parity higher towards key resistances around 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 105.42 will drag the parity down towards key supports at 104.62, 103.97, 102.45, 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.
Today Japan released SPPI data with positive numbers at 0.2% m/m vs 0.1% m/m consensus forecast.
It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

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**InstaForex Gertrude** · 27-07-16, 04:50

Fxwirepro: Aussie Gains Against Major Peers ahead of Cpi Data

AUD/NZD is currently trading around 1.0654 marks.
Pair made intraday high at 1.0656 and low at 1.0623 marks. Intraday bias remains bullish till the time pair holds key support at 1.0610 levels.
On the top side, a sustained close above 1.0727 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.
Alternatively, a sustained break below 1.0610 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
Australia will release CPI data at 0130 GMT. Markets anticipate a 0.4% Q/Q rise in the CPI for the June quarter vs -0.2% Q/Q previous release.

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**InstaForex Gertrude** · 28-07-16, 05:17

Fxwirepro: Usd/sgd Hovers Around 1.3500 Mark, Sustain a Break Below Targets 1.3420

USD/SGD is currently trading around 1.3496 marks.
It made intraday high at 1.3536 and low at 1.3478 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1.3537 marks.
A daily close below 1.3496 will drag the parity down towards key supports at 1.3420/1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
Alternatively, a sustained close above 1.3537 will tests key resistances at 1.3638, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend.
We prefer to take short position in USD/SGD only below 1.3480, stop loss 1.3537 and target 1.3420/1.3357.

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