Forex News from InstaForex

**InstaForex Gertrude** · 14-09-16, 07:30

Fxwirepro: Usd/sgd Hits Fresh 3-Month High at 1.3685, Bias Remains Bullish

USD/SGD is currently trading around 1.3664 marks.

It made intraday high at 1.3681 and low at 1.3658 levels.

Intraday bias remains bullish till the time pair holds key support at 1.3605 marks.

A sustained close above 1.3660 will test key resistances at 1.3732, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).

On the other side, a daily close below 1.3605 will drag the parity down towards key supports at 1.3538/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/SGD only above 1.3685 with stop loss at 1.3605 and target of 1.3799.

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**InstaForex Gertrude** · 15-09-16, 05:37

New Zealand GDP Gains 0.9% In Q2

New Zealand's gross domestic product climbed 0.9 percent on quarter in the second quarter of 2016, Statistics New Zealand said on Thursday.

That missed forecasts for an increase of 1.1 percent and was unchanged from the upwardly revised 0.9 percent growth in the first quarter (originally 0.7 percent).

Individually, construction was up 5.0 percent, after a 5.1 percent increase in the previous quarter. All construction sub-industries increased.

On a yearly basis, GDP expanded 3.6 percent - matching expectations and up from 2.8 percent in the three months prior.

Household consumption expenditure was up 1.9 percent, driven by spending on services and durable goods.

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**InstaForex Gertrude** · 19-09-16, 06:47

Fxwirepro: South Korean Won Opens Onshore Trade at 1,125.5 Per U.s. Dollar, Consistent Break Above Targets 1,142

USD/KRW is currently trading around 1,123 levels.

It made intraday high at 1,125 and low at 1,107 marks.

Intraday bias remains bearish till the time pair holds key resistance at 1,127 levels.

A daily close above 1,127 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 1,122 will test key supports at 1,107/1,090/1,078/1,063/1,044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.40 percent higher at 2,007.62 points.
We prefer to go short on USD/KRW around 1,125 with stop loss at 1,132 and target of 1,1

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**InstaForex Gertrude** · 20-09-16, 06:53

Australia House Prices Rise 2.0% In Q2

House prices in Australia were up 2.0 percent on quarter in the second quarter of 2016, the Australian Bureau of Statistics said on Tuesday.

That missed forecasts for 3.0 percent following the 0.2 percent decline in the previous three months.

By region, capital city residential property price indexes rose in Sydney (+2.8 percent), Melbourne (+2.7 percent), Brisbane (+1.1 percent), Canberra (+2.2 percent), Adelaide (+0.8 percent) and Hobart (+0.7 percent) and fell in Perth (-1.2 percent) and Darwin (-2.4 percent).

On a yearly basis, house prices advanced 4.1 percent - also missing estimates for 5.2 percent and down from 6.8 percent in the three months prior.

Annually, residential property prices rose in Melbourne (+8.2 percent), Canberra (+6.0 percent), Hobart (+4.9 percent), Brisbane (+4.3 percent), Sydney (+3.6 percent) and Adelaide (+3.5 percent) and fell in Darwin (-6.5 percent) and Perth (-4.8 percent).

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**InstaForex Gertrude** · 22-09-16, 07:22

Fxwirepro: Usd/sgd Hits Fresh 2-Week Low at 1.3510, Consistent Break Below Targets 1.3462

USD/SGD is currently trading around 1.3530 marks.

It made intraday high at 1.3546 and low at 1.3510 levels.

Intraday bias remains bearish till the time pair holds key resistance at 1.3605 marks.

A daily close below 1.3510 will drag the parity down towards key supports at 1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.

Alternatively, a sustained close above 1.3605 will test key resistances at 1.3698, 1.3732, 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 up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to go short on USD/SGD only below 1.3510 with stop loss at 1.3605 and target of 1.3462/1.3391.

Read more: https://www.instaforex.com/forex-new...ent_break.html

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**InstaForex Gertrude** · 23-09-16, 07:08

Fxwirepro: South Korean Won Opens Onshore Trade at 1,103.1 Per Dollar, Faces Key Support at 1,101

USD/KRW is currently trading around 1,105 levels.

It made intraday high at 1,106 and low at 1,103 marks.

Intraday bias remains bullish till the time pair holds key support at 1,101 levels.

A daily close above 1,112 will drag the parity higher towards key resistances at 1,125, 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 1,101 will test key supports at 1,090/1,078/1,063/1,044 levels respectively.

In addition, South Korea’s Kospi was trading around 0.17 percent higher at 2,053.52 points.

South Korean won opens onshore trade at 1,103.1 per dollar vs 1,103.3 at previous close.
We prefer to go long on USD/KRW only above 1,107 with stop loss at 1,101 and target of 1,125/1,142.

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**InstaForex Gertrude** · 26-09-16, 07:03

Oil Bounces Back After Algeria Says All Options Possible at OPEC Meeting

Oil prices rebounded after Algeria's energy minister Noureddine Bouterfa stated that all options were possible for an oil production cut or freeze during this week's informal meeting of OPEC members. The statement comes after oil prices fell by 4% on Friday amid indications that Saudi Arabia and Iran were making little headway in reaching a preliminary agreement to halt production.

U.S. WTI crude futures had risen 42 cents to $44.90 per barrel after sliding by 4% or $1.84 in the last session. U.S. crude advanced 4% in the previous week.

Brent crude futures climbed by 42 cents to $46.31 after losing $1.76 or 3.7% at the previous close and gained 0.3% in the prior week.

OPEC members will hold an informal meeting on the sidelines of the International Energy Forum in Algiers on September 26-28, where they will talk regarding a possible output-restricting deal.

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**InstaForex Gertrude** · 27-09-16, 07:01

China Industrial Profits Rise Sharply In August

China's industrial profits grew markedly in August from a year ago, data from the National Bureau of Statistics showed Tuesday.

Profits earned by large firms in China surged 19.5 percent year-over-year to CNY 534.8 billion in August, faster than the 11.0 percent climb in July.

During the first eight months of the year, total industrial profits rose 8.4 percent from the same period last year, compared with a 6.9 percent gain in the first seven months of this year.

Private firm's profits increased 8.4 percent, while profits at state-owned firms declined 2.1 percent in the January to August period.

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**InstaForex Gertrude** · 28-09-16, 07:10

Fxwirepro: Usd/sgd Almost Flat at 1.36 Mark, Bias Remains Bullish Only Above 1.3622

USD/SGD is currently trading around 1.3605 marks.

It made intraday high at 1.3622 and low at 1.3592 levels.

Intraday bias remains neutral till the time pair holds key support at 1.3582 marks.

A daily close below 1.3582 will drag the parity down towards key supports at 1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.

Alternatively, a sustained close above 1.3622 will test key resistances at 1.3659, 1.3698, 1.3732, 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 up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/SGD only above 1.3622 with stop loss at 1.3582 and target of 1.3698.

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**InstaForex Gertrude** · 29-09-16, 06:46

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

USD/JPY is currently trading around 101.35 marks.

It made intraday high at 101.40 and low at 100.65 levels. Intraday bias remains bullish till the time pair holds key support at 100.30 levels.

A daily close above 101.72 will take the parity higher towards key resistances around 102.65, 103.42, 104.13, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.

On the other side, a sustained break below 100.30 will drag the parity down towards key supports at 99.27 and 98.78 levels respectively.

Japan’s August retail sales y/y decreases to -2.1 % (forecast -1.8 %) vs previous -0.2 %.

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**InstaForex Gertrude** · 30-09-16, 05:18

Malaysia Manufacturing PMI Continues To Contract

The manufacturing sector in Malaysia remained in contraction in September, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a manufacturing PMI score of 48.6.

That's up from 47.4 in August, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production fell to its weakest rate in 11 months, while
new orders were at their slowest pace since May 2015.

Input price inflation fell to match the lowest figure on record for the survey.

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**InstaForex Gertrude** · 05-10-16, 07:26

Euro Rises Against Majors

The euro strengthened against the other major currencies in the Asian session on Wednesday.

The euro rose to more than a 3-1/2-year high of 0.8814 against the pound and a 3-week high of 115.49 against the yen, from yesterday's closing quotes of 0.8799 and 115.22, respectively.

Against the U.S. dollar and the Swiss franc, the euro edged up to 1.1228 and 1.0974 from yesterday's closing quotes of 1.1201 and 1.0964, respectively.

If the euro extends its uptrend, it is likely to find resistance around 0.89 against the pound, 118.00 against the yen, 1.13 against the greenback and 1.10 against the franc.

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**InstaForex Gertrude** · 06-10-16, 04:07

Australia Has A$2.010 Billion Trade Deficit In August

Australia had a merchandise trade deficit of A42.010 billion in August, the Australian Bureau of Statistics said on Thursday - up 5.0 percent on month.

The headline figure exceeded forecasts for a shortfall of A$2.30 billion following the A$2.41 billion deficit in July.

Exports were roughly flat on month, coming in at A$26.856 billion.

Imports also were essentially unchanged at A$28.866 billion.

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**InstaForex Gertrude** · 07-10-16, 05:32

Australia Construction Sector Swings To Expansion - AiG

The construction sector in Australia turned to expansion in September, the latest survey from the Australian Industry Group revealed on Friday with a PMI score of 51.4.

That's up sharply from 46.6 in August, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Engineering construction and activity remained strong, while house and apartment construction continued to contract.

Individually, employment, input prices, swelling prices, wages and capacity utilization all expanded, while new orders and deliveries contracted.

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**InstaForex Gertrude** · 10-10-16, 06:47

Fxwirepro: Usd/twd Rejects Key Resistance at 31.55, Good to Sell on Rallies

USD/TWD is currently trading around 31.44 marks.
It made intraday high at 31.53 and low at 31.38 marks.
Intraday bias remains bearish till the time pair holds key resistance at 31.55 marks.
A daily close above 31.55 will drag the parity up towards key resistances around 31.68, 31.82, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
On the other side, key support levels are seen at 31.34, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. We prefer to go short on USD/TWD around 31.45, stop loss 31.55 and target of 31.26/31.18.

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**InstaForex Gertrude** · 11-10-16, 04:21

Japan Has Y2,000.8 Billion Current Account Surplus

Japan posted a current account surplus of 2,000.8 billion yen in August, the Ministry of Finance said on Tuesday - an increase of 23.1 percent on year.
The headline figure exceeded forecasts for a surplus of 1,502.7 billion yen following the 1,938.2 surplus in July.
Imports tumbled 18.3 percent on year to 5,058.7 billion yen following the 26.0 percent tumble in July. Exports slid an annual 9.6 percent to 5,301.9 billion yen after sliding 15.7 percent in the previous month.
The trade surplus was 243.2 billion yen, exceeding expectations for 116.5 billion yen although down from 613.9 billion yen in the previous month.
The capital account showed a deficit of 12.8 billion yen following the 46.6 billion yen shortfall a month earlier.
The financial account saw a surplus of 2,922.0 billion yen following the 3,673.7 billion yen surplus in July.
The adjusted current account surplus was 1,975.5 billion yen versus expectations for 1,570.3 billion yen and up from 1,447.8 billion in the previous month.

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**InstaForex Gertrude** · 12-10-16, 05:34

Fxwirepro: Usd/krw Hits Fresh 4-Week High at 1,124, Faces Strong Resistance at 1,127

USD/KRW is currently trading around 1,123 levels.
It made intraday high at 1,124 and low at 1,123 marks.
Intraday bias remains bullish till the time pair holds key support at 1,117 levels.
A daily close above 1,127 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 1,117 will test key supports at 1,107/1,101/1,089/1,078/1,063/1,044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.12 percent higher at 2,034.26 points.
South Korea’s September unemployment rate increase to 4.0 % vs previous 3.8 %.
We prefer to go long on USD/KRW only above 1,124, stop loss 1,111 and target 1,142.

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**InstaForex Gertrude** · 17-10-16, 05:48

UK House Prices Climb 0.9% In October - Rightmove

The average asking price for a house in the United Kingdom was up 0.9 percent on month in October, property tracking website Rightmove said on Monday - coming in at 309,122 pounds.

That follows the 0.7 percent increase in September.

On a yearly basis, house prices jumped 4.2 percent, up from 4.0 percent in the previous month.

The number of sales agreed jumped 6.0 percent on year.

By region, total available stock in the south jumped an annual 16 percent, while stock in the north dropped 11.0 percent.

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**InstaForex Gertrude** · 18-10-16, 07:01

Fxwirepro: Usd/krw Rejects Key Resistance at 1,142, Bias Remains Neutral

USD/KRW is currently trading around 1,131 levels.
It made intraday high at 1,133 and low at 1,130 marks. Intraday bias remains neutral till the time pair holds key resistance at 1,142 levels.
A daily close above 1,142 will drag the parity higher towards key resistances at 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 1,128 will test key supports at 1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.28 percent higher at 2,033.46 points. We prefer to go long on USD/KRW around 1,130, stop loss 1,117 and target 1,142/1,152.

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**InstaForex Gertrude** · 03-11-16, 04:34

Australia Has A$1.227 Billion Trade Deficit

Australia had a seasonally adjusted merchandise trade deficit of A$1.227 billion in September, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a shortfall of A$1.70 billion following the upwardly revised A$1.894 billion deficit in August (originally -A$2.010 billion).

Exports were up 2.0 percent on month to A$27.254 billion after coming in at A$26.828 billion in the previous month.

Imports dipped 1.0 percent on month at A$28.481 billion after coming in at A$28.722 a month earlier.

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