Forex News from InstaForex

**InstaForex Gertrude** · 29-07-16, 03:24

Japan Industrial Output Jumps 1.9% In June

Industrial production in Japan was up 1.9 percent on month in June, the Ministry of Economy, Trade and Industry said on Friday.
That beat forecasts for a gain of 0.5 percent following the 2.6 percent decline in May.
On a yearly basis, output slipped 1.9 percent - also exceeding forecasts for -2.9 percent after easing 0.4 percent in the previous month.
Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it continues to fluctuate indecisively but shows signs of increasing in parts.

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**InstaForex Gertrude** · 01-08-16, 04:45

South Korea Manufacturing Sector Slows In July - Nikkei

The manufacturing sector in South Korea continued to expand in July, albeit at a slower pace, the latest survey from Nikkei showed on Monday with a manufacturing PMI score of 50.1.

That's down from 50.5 in June, and it remains just barely above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, business conditions stagnated following the improvement in June.

Production was barely higher, although job growth picked up.

Total new business declined, but growth of new export work hit an 18-month high.

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**InstaForex Gertrude** · 03-08-16, 05:13

China Services PMI 51.7 In July - Caixin

The services sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin showed on Wednesday with a services PMI score of 51.7.

That's down from 52.7 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Also, the composite index came in with a reading of 51.9, up from 50.3 in the previous month.

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**InstaForex Gertrude** · 05-08-16, 04:51

Fxwirepro: Aussie Gains Against Major Peers After Rba’s Monetary Policy Statements

AUD/NZD is currently trading around 1.0641 marks.
Pair made intraday high at 1.0647 and low at 1.0619 marks. Intraday bias remains bullish till the time pair holds key support at 1.0623 levels.
In addition, a sustained close above 1.0623 will drag the parity higher towards 1.0727/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a sustained break below 1.0588 mark will take the parity down towards key supports around 1.0497, 1.0450, 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.
RBA: Underlying inflation to remain under 2 pct for much of forecast period, reach 2 pct by end 2018.
RBA: Prospects for economy positive, but low inflation allows for "even stronger growth". RBA says A$ remains significant source of uncertainty for inflation, growth forecasts.
RBA forecasts underlying inflation 1.5 pct by end 2016, 1.5-2.5 pct end 2017, 1.5-2.5 pct end 2018.
RBA forecasts GDP growth 2.5-3.5 pct end 2016, 2.5-3.5 pct end 2017, 3-4 pct end 2018.
RBA says unemployment to fall only a little out to 2018, employment growth to be modest this year.
RBA quarterly statement repeats policy easing to help foster growth, offers no forward guidance.

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**InstaForex Gertrude** · 06-08-16, 09:13

Fitch Retains Austria's Rating At 'AA+'

Fitch Ratings affirmed sovereign ratings of Austria at 'AA+' with stable outlooks late Friday.

The rating agency said the economic growth is expected to remain on a steady upward trend and average 1.6 percent in 2016-17 after four years of sluggish activity.

The underlying growth is forecast to pick up in 2017 as investment continues its steady recovery and net exports make a positive contribution to growth.

The fiscal deficit was better than expected in 2015 at 1.1 percent of GDP compared with a 1.9 percent target, Fitch said.

Further, the agency estimates Austria's fiscal policy to remain prudent, producing small primary general government surpluses during 2016-2018.

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**InstaForex Gertrude** · 09-08-16, 04:06

China CPI +1.8% On Year In July

Consumer prices in China were up 1.8 percent on year in July, the National Bureau of Statistics said on Tuesday.

That was in line with expectations and down from 1.9 percent in June.

Prices for food jumped an annual 3.3 percent, while non-food prices added 1.4 percent.

The bureau also said that producer prices were down 1.7 percent on year - exceeding expectations for -2.0 percent after tumbling 2.6 percent in the previous month.

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**InstaForex Gertrude** · 10-08-16, 04:34

Australia Home Loans Add Just 1.2% In June

The total number of dwelling commitments in Australia issued in June was up a seasonally adjusted 1.2 percent on month, the Australian Bureau of Statistics said on Wednesday - coming in at 57,247.

The headline figure was shy of estimates for an increase of 2.3 percent following the upwardly revised 0.8 percent contraction in May (originally -1.0 percent).

Investment lending climbed 3.2 percent to A$11.785 billion after rising 5.3 percent in the previous month.

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**InstaForex Gertrude** · 15-08-16, 03:22

New Zealand Services Sector Slows In July

The services sector in New Zealand continued to expand in July, albeit at a slower pace, the latest survey from Business NZ revealed on Monday with a Performance of Services Index score of 54.2.

That's down from the downwardly revised 56.4 (originally 56.7).

It remains well above the boom-or-bust line of 50 that separates expansion from contraction.

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**InstaForex Gertrude** · 16-08-16, 05:07

Australia New Motor Vehicle Sales Slip 1.3% In July

The total number of new motor vehicle sales in Australia was down a seasonally adjusted 1.3 percent on month in July, the Australian Bureau of Statistics said on Tuesday, coming in at 98,062.

That follows the upwardly revised 3.5 percent increase in June (originally 3.1 percent).

Individually, sales for passenger vehicles added 0.4 percent on month and sales for other vehicles fell 0.4 percent. Sales for sports utility vehicles were flat.

On a yearly basis, new motor vehicle sales were up 1.6 percent after climbing an upwardly revised 2.3 percent in the previous month (originally 2.1 percent).

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**InstaForex Gertrude** · 18-08-16, 04:42

Australia Jobless Rate Falls To 5.7% In July

The unemployment rate in Australia was a seasonally adjusted 5.7 percent in July, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 5.8 percent, which would have been unchanged from the June reading.

The Australian economy added 26,200 jobs in July, blowing past expectations for a gain of 10,000 jobs following the increase of 7,900 jobs in the previous month.

The participation rate came in at 64.9 percent - unchanged and in line with expectations.

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**InstaForex Gertrude** · 24-08-16, 03:52

New Zealand Has NZ$433 Million Trade Deficit In July

New Zealand posted a merchandise trade deficit of NZ$433 million in July, Statistics New Zealand said on Wednesday - or 11 percent of exports.

The headline figure missed forecasts for a shortfall of NZ$325 million following the downwardly revised surplus of NZ$110 million in June (originally NZ$127 million).

Exports were worth NZ$3.96 billion, shy of expectations for NZ$4.07 billion and down from NZ$4.26 billion in the previous month.

Meat and edible offal led the fall in exports, down NZ$97 million (19 percent).

Milk powder fell NZ$118 million (23 percent) while the quantity rose 0.9 percent.

Fruit fell NZ$17 million (5.7 percent) while the quantity rose 3.9 percent.

Australia was the only top export destination to rise in value, up NZ$37 million.

"The meat export falls this month are partly due to record meat exports this time last year," international statistics senior manager Jason Attewell said. "Meat values in July 2015, off the back of a record high meat season, were 31 percent higher than the average value for the previous five July months."

Imports came in at NZ$4.40 billion versus forecasts for NZ$4.45 billion and up from NZ$4.13 billion a month earlier.

Intermediate goods led the fall in imports, down NZ$296 million (15 percent) due to crude oil.

Consumption goods fell in value for the first time in 23 months, down NZ$114 million (9.6 percent).

The only top import partner to rise in value was the United States, up NZ$83 million.

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**InstaForex Gertrude** · 26-08-16, 03:13

Overall Japan Inflation Slides 0.4% In July

Consumer prices in Japan slipped 0.4 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday - matching expectations and unchanged from June's annual reading.

Core CPI, which excludes volatile food costs, slid 0.5 percent on year - missing forecasts for -0.4 percent, which would have been unchanged.

Among the individual components, fuel costs were down 7.7 percent on year, followed by communications (-2.6 percent), furniture (-0.8 percent) and housing (-0.1 percent).

Clothing prices jumped an annual 2.4 percent, followed by education (1.6 percent), food (1.1 percent), medical care (0.9 percent) and recreation (0.8 percent).

On a monthly basis, overall inflation and core CPI both dipped 0.2 percent.

Among the individual components, clothing prices skidded 2.6 percent on month, followed by fuel and furniture (both -0.8 percent), and food and recreation (both -0.1 percent).

Communications and recreation costs gained 0.1 percent, while housing, education and medical care all were flat.

Overall inflation in Tokyo, considered a leading indicator for the nationwide trend, slipped 0.5 percent on year in August. That missed expectations for 0.4 percent, which would have been unchanged.

Core CPI in August was down an annual 0.4 percent - matching expectations and the same as in the previous month.

Among the individual components, fuel costs were down 9.7 percent on year, followed by communications (-1.4 percent), furniture (-1.9 percent) and housing (-0.5 percent).

Clothing prices jumped an annual 2.4 percent, followed by recreation (0.9 percent), education and medical care (both 0.8 percent) and food (0.4 percent).

On a monthly basis, both overall and core inflation advanced 0.1 percent.

Individually, recreation costs gained 1.7 percent on month, followed by communications (0.5 percent).

Fuel prices slid 1.5 percent, while clothing prices fell 1.2 percent and food dipped 0.2 percent.

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**InstaForex Gertrude** · 30-08-16, 04:11

Australia Building Permits Surge 11.3% In July

The total number of building permits issued in Australia was up a seasonally adjusted 11.3 percent on month in July, the Australian Bureau of Statistics said on Tuesday - coming in at 20,987.

That beat forecasts for an increase of 1.1 percent following the 2.9 percent contraction in June.

On a yearly basis, building approvals climbed 3.1 percent versus expectations for a decline of 8.3 percent after slipping 5.9 percent in the previous month.

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**InstaForex Gertrude** · 31-08-16, 03:54

Japan Industrial Production Unchanged In July

Industrial output in Japan was flat on month in July, the Ministry of Economy, Trade and Industry said on Wednesday.

That missed forecasts for an increase of 0.7 percent following the 2.3 percent jump in June.

On a yearly basis, industrial production fell 3.8 percent - also missing forecasts for a decline of 3.0 percent following the 1.5 percent drop in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it continues to fluctuate indecisively but shows signs of increasing in parts.

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**InstaForex Gertrude** · 01-09-16, 04:54

Indonesia Manufacturing Sector Moves To Expansion - Nikkei

The manufacturing sector in Indonesia turned to expansion in August, the latest survey from Nikkei showed on Thursday with a manufacturing PMI score of 50.4.

That's up from 48.4 in July, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was a rebound in order book, which fueled the mild increase in output.

Manufacturers lowered their selling prices, in spite of rising costs. Buying levels increase, although employment fell.

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**InstaForex Gertrude** · 02-09-16, 04:48

Fxwirepro: South Korean Won Almost Flat Against Usd Despite Higher Than expected Gdp Data

USD/KRW is currently trading around 1,118 levels. It made intraday high at 1,119.30 and low at 1,118.40 marks. Intraday bias remains neutral till the time pair holds key support at 1,107 levels.
A sustained close below 1,107 will test key supports at 1,092/1,078/1,063/1044 levels respectively.
Alternatively, a daily close above 1,128 will drag the parity higher towards key resistances at 1,128, 1,138, 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.
In addition, South Korea’s Kospi was trading around 0.05 percent lower at 2,032.32 points.
South Korea’s Q2 GDP growth increases to 0.8 % vs previous 0.7 %. South Korea’s Q2 GDP growth y/y increases to 3.3 % vs previous 3.2 %.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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**InstaForex Gertrude** · 05-09-16, 05:56

Fxwirepro: Usd/krw Remains Well supported Below Key Resistance at 1,122, Consistent Break Above Targets 1,142

USD/KRW is currently trading around 1,117 levels.

It made intraday high at 1,119 and low at 1,115 marks.

Intraday bias remains neutral till the time pair holds key resistance at 1,122 levels.

A daily close above 1,122 will drag the parity higher towards key resistances at 1,138, 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 1,107 will test key supports at 1,092/1,078/1,063/1044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.84 percent higher at 2,055.32 points.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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**InstaForex Gertrude** · 08-09-16, 06:09

Fxwirepro: Usd/jpy Recovery Not Convincing, Holds Above 20-Dma Support, But Bias Still Lower

USD/JPY managed to erase losses from lows of 101.20, but upside seems to be loosing traction.

Likelihood of another BoJ disappointment at the Sept 21 meet is rising, putting upside risk to the near-term path for JPY.

Technicals still paint a bearish picture, indicators point south. The major is managing to hold above 20-DMA support currently at 101.52, but momentum signals have turned, and the RSI is now below 50.
USDJPY is attempting a clear break below the 20-DMA, which then see scope for test of 98.90 (trendline).

Major support levels - 101.52 (20-DMA), 101, 100.75 (Aug 3 low), 101.41 (23.6% Fib), 99.54 (Aug 16 low)

Major resistance levels - 102, 102.12 (Sept 7 high), 102.58 (38.2% Fib), 102.62 (50-DMA)

Recommendation: Good to short decisive break below 20-DMA, target: 101/ 100.75/ 99.55/ 99

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**InstaForex Gertrude** · 09-09-16, 04:43

Australia Home Loans Slide 4.2% In July

The total number of home loans in Australia was down a seasonally adjusted 4.2 percent on month in July, the Australian Bureau of Statistics said on Friday - standing at 55,010.

That missed forecasts for a decline of 1.5 percent following the 1.2 percent increase in June.

Investment lending added 0.5 percent to A$11.842 billion, slowing from 3.2 percent in the previous month.

The value of loans slipped 3.1 percent to A$19.946 billion after rising 1.8 percent a month earlier.

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**InstaForex Gertrude** · 13-09-16, 05:02

China Industrial Production Expands 6.3% In August

Industrial production in China climbed 6.3 percent on year in August, the National Bureau of Statistics said on Tuesday - beating forecasts for a gain of 6.2 percent and up from 6.0 percent in July.

On a monthly basis, output expanded 0.5 percent.

The bureau also said that retail sales advanced an annual 10.6 percent - again exceeding expectations for 10.2 percent, which would have been unchanged from the previous month.

Fixed asset investment gained 8.1 percent on year, beating forecasts for 7/9 percent and unchanged from the July reading.

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