Forex News from InstaForex

**InstaForex Gertrude** · 07-11-16, 03:50

Fxwirepro: Usd/jpy Jumps Above 104.00 Mark After Boj’s Meeting Minutes

USD/JPY is currently trading around 104.02 marks.
It made intraday high at 104.47 and low at 103.75 levels.
Intraday bias remains bullish till the time pair holds key support at 102.55 levels. A daily close above 104.16 will take the parity higher towards key resistances around 104.99, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 103.75 will drag the parity down towards key supports around 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
BOJ September meeting minutes: Some members said firms' cautious price-setting behaviour might continue for longer than expected.
BOJ minutes: Many members shared the view that QQE had lowered real interest rates by raising inflation expectations and pushing down nominal interest rates. BOJ minutes: One member said it was necessary to implement monetary policy that would raise inflation expectations.
BOJ minutes: One member said change in the yield curve after adoption of negative rates had been largely induced by temporary, somewhat speculative moves.
BOJ minutes: One member noted that achieving both an interest rate target and a quantitative target in the implementation of monetary policy was difficult.
Japan September overtime pay increases to -1.3 % vs previous -1.9 %.
In addition, Japan’s Average Cash Earnings rose to a seasonally adjusted 0.2%, from 0.0% in the preceding quarter whose figure was revised up from -0.1%.

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**InstaForex Gertrude** · 09-11-16, 02:39

Japan Has Y1.821 Trillion Current Account Surplus

Japan had a current account surplus of 1.821 trillion yen in September, the Ministry of Finance said on Wednesday - up 25.4 percent on year.

That was shy of expectations for 2.020 trillion yen and down from 2.000 trillion yen in August.

The trade surplus came in at 642.4 billion yen - shy or forecasts for 668.8 billion yen and up from 243.2 billion yen in the previous month.

Exports were down 8.3 percent on year to 5.838 trillion yen, while imports skidded 17.5 percent to 5.196 trillion yen.

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**InstaForex Gertrude** · 15-11-16, 03:36

Fxwirepro: Usd/sgd Rejects Key Resistance at 1.4179, Short Term Trend Reversal Likely

USD/SGD is currently trading around 1.4124 marks.

It made intraday high at 1.4151 and low at 1.4109 levels.

Intraday bias remains bearish till the time pair holds key resistance at 1.4179 marks.

A sustained break above 1.4179 will test key resistances at 1.4228, 1.4336 and 1.4443 levels respectively.

Alternatively, a consistent close below 1.4126 will drag the parity down towards key supports at
1.4072/1.3970/1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.

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

Singapore will release retail sales data at 0500 GMT.
We prefer to go short on USD/SGD around 1.4125 with stop loss at 1.4179 and target of 1.4072/1.3970.

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**InstaForex Gertrude** · 17-11-16, 02:49

Australia Unemployment Rate Steady At 5.6% In October

The unemployment rate in Australia came in at a seasonally adjusted 5.6 percent in October, the Australian Bureau of Statistics said on Thursday.

That was beneath expectations for 5.7 percent and unchanged from the September reading.

The Australian economy added 9,800 jobs in October - again missing expectations for an increase of 15,000 following the loss of 9,800 jobs in the previous month.

The participation rate was steady at 64.4 percent, shy of forecasts for 64.6 percent.

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**InstaForex Gertrude** · 24-11-16, 03:01

Japan Manufacturing Sector Slows In November - Nikkei

The manufacturing sector in Japan continued to expand in November, albeit at a slower pace, the latest survey from Nikkei showed on Thursday with a manufacturing PMI score of 51.1.

That's down from 51.4 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, output, new orders, new export orders, employment, input prices and stocks of purchases all were in expansion territory.

Backlogs of work, stocks of finished goods and quantities of purchases contracted.

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**InstaForex Gertrude** · 25-11-16, 03:10

Fxwirepro: Yen Hits Lowest Level Since Late March After Japan’s Core Cpi Datal

USD/JPY is currently trading around 113.67 marks.

It made intraday high at 113.79 and low at 113.18 levels.

Intraday bias remains bullish till the time pair holds key support at 112.35 levels.

A daily close above 113.30 will take the parity higher towards key resistances around 114.55, 115.32 and 117.25 levels respectively.

On the other side, a sustained break below 113 will drag the parity down towards key supports around 112.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.

Japan’s November CPI, overall Tokyo increase to 0.5 % vs previous 0.1 %.

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**InstaForex Gertrude** · 28-11-16, 03:00

Fxwirepro: Singapore Dollar Gains in Early Hours of Asia, Intraday Bias Remains Bearish

USD/SGD is currently trading around 1.4239 marks.
It made intraday high at 1.4283 and low at 1.4236 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1.4345 marks.
A sustained close above 1.4280 will test key resistances at 1.4345, 1.4443, 1.4481 and 1.4556 levels respectively.
Alternatively, a consistent close below 1.4280 will drag the parity down towards key supports at 1.4201/1.4128/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to go short on USD/SGD around 1.4250 with stop loss at 1.4345 and target of 1.4201/1.4128.

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**InstaForex Gertrude** · 29-11-16, 03:37

Fxwirepro: South Korean Won Opens Onshore Trade at 1,169.5 Per U.s. Dollar, Faces Strong Support at 1,162

USD/KRW is currently trading around 1,167 levels.
It made intraday high at 1,170 and low at 1,166 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1,172 levels. A daily close above 1,172 will drag the parity higher towards key resistances at 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 1,172 will test key supports at 1,162/1,152/1,146/1,132/1,127/1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
Seoul shares open down 0.05 pct at 1977.10.
We prefer to go short on USD/KRW around 1,168, stop loss at 1,172 and target of 1,160.

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**InstaForex Gertrude** · 01-12-16, 03:20

Australia Capital Spending Slips 4.0% In Q3

Capital spending in Australia was down a seasonally adjusted 4.0 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Thursday - coming in at A$28.030 billion.

That missed forecasts for a fall of 3.0 percent following the 5.2 percent decline in the three months prior. On a yearly basis, capex tumbled 13.7 percent.

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**InstaForex Gertrude** · 05-12-16, 03:18

China Services PMI Jumps To 53.1 In November - Caixin

The services sector in China continued to expand in November, and at a faster pace, the latest survey from Caixin showed on Monday with a PMI score of 53.1.

That's up from 53.4 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The survey also showed that the composite index was unchanged at 52.9.

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**InstaForex Gertrude** · 07-12-16, 03:22

Fxwirepro: Eur/krw Rejects Key Resistance at 1,260 Mark, Downside Limited

EUR/KRW is currently trading around 1,253 mark.
Pair made intraday high at 1,255 and low at 1,252 levels.
Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1,254 mark.
A sustained close above 1,254 will take the parity higher towards key resistance around 1,260, 1,269 and 1,272 marks respectively.
Key supports are seen at 1,248, 1,242, 1,238, 1,227, 1,222 and 1,210 marks respectively.
Seoul shares open up 0.29 pct.
We prefer to go long on EUR/KRW around 1,250, with stop loss at 1,242 and target of 1,260/1,268/1,272.

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**InstaForex Gertrude** · 09-12-16, 03:28

China CPI +2.3% On Year In November

Consumer prices in China were up 2.3 percent on year in November, the National Bureau of Statistics said on Friday.

That exceeded expectations for 2.2 percent and was up from 2.1 percent in October.

On a monthly basis, inflation added 0.1 percent after easing 0.1 percent a month earlier.

The bureau also said that producer prices surged an annual 3.3 percent versus forecasts for 2.3 percent following the 1.2 percent gain in the previous month.

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**InstaForex Gertrude** · 12-12-16, 02:48

Japan Core Machine Orders Jump 4.1% In October

Core machine orders in Japan were up 4.1 percent in October, the Cabinet Office said on Monday - coming in at 878.3 billion yen.

That beat forecasts for a gain of 1.1 percent following the 3.3 percent decline in September.

On a yearly basis, core machine orders tumbled 5.6 percent - shy of expectations for a fall of 4.9 percent following the 4.3 percent gain in the previous month.

The total number of machinery orders, including those volatile ones for ships and from electric power companies, added 1.2 percent on month but tumbled 15.8 percent on year to 984.2 billion yen.

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**InstaForex Gertrude** · 13-12-16, 04:41

China Industrial Output Jumps 6.2% In November

Industrial production in China was up 6.2 percent on year in November, the National Bureau of Statistics said on Tuesday.

That exceeded expectations for an increase of 6.1 percent, which would have been unchanged from the October reading.

The bureau also said that retail sales jumped an annual 10.8 percent - again topping forecasts for 10.2 percent and up from 10.0 percent in the previous month.

Also, fixed asset investment advanced 8.3 percent on year - in line with expectations and unchanged from the previous month.

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**InstaForex Gertrude** · 15-12-16, 02:57

Australia Jobless Rate Climbs To 5.7%

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

That missed forecasts for 5.6 percent, which would have been unchanged from the October reading.

The Australian economy added 39,100 jobs in November, far surpassing forecasts for a gain of 17,500 following the addition of 9,800 jobs in the previous month.

The participation rate jumped to 64.6 percent, beating expectations for 64.5 percent and up from 64.4 percent a month earlier.

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**InstaForex Gertrude** · 16-12-16, 03:24

Fxwirepro: Eur/krw Breaks Key Support at 1,232 Mark, Stay Bearish

EUR/KRW is currently trading around 1,230 mark.
Pair made intraday high at 1,232 and low at 1,229 levels.
Intraday bias remains bearish till the time pair holds immediate resistance at 1,242 mark.
A sustained close above 1,242 will take the parity higher towards key resistance around 1,255, 1,260, 1,269 and 1,272 marks respectively.
On the other side, a consistent close below 1,230 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Seoul shares open up 0.03 pct at 2037.35.
We prefer to go short on EUR/KRW around 1,235 with stop loss at 1,242 and target of 1,222/1,209.

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**InstaForex Gertrude** · 19-12-16, 03:33

Japan November Trade Surplus Y152.513 Billion

Japan posted a merchandise trade surplus of 152.513 billion yen in November, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 227.4 billion yen following the 496.2 billion yen surplus in October.

Exports were down 0.4 percent on year to 5.956 trillion yen, beating expectations for a decline of 2.3 percent following the 10.3 percent fall in the previous month.

Exports to all of Asia gained 3.4 percent on year to 3.235 trillion yen, while exports to China alone climbed 4.4 percent to 1.103 trillion yen.

Exports to the United States skidded an annual 1.8 percent to 1.211 trillion yen, while exports to the European Union slid 2.2 percent to 633.258 billion yen.

Imports slipped an annual 8.8 percent to 5.804 trillion yen versus expectations for a decline of 12.1 percent following the 16.5 percent tumble a month earlier.

Imports from the rest of Asia dropped 7.7 percent on year to 2.883 trillion yen, while imports from China alone slid 9.9 percent to 1.4876 trillion yen.

Imports from the United States fell 5.1 percent to 630.121 billion yen, while imports from the European Union dropped 13.3 percent to 716.954 billion yen.

The adjusted trade surplus was 536.1 billion yen, missing expectations for 590.5 billion yen and up from 474.3 billion yen in October.

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**InstaForex Gertrude** · 22-12-16, 05:06

New Zealand GDP Expands 1.1% In Q3

New Zealand's gross domestic product was up 1.1 percent on quarter in the third quarter of 2016, Statistics New Zealand said on Thursday.

That beat forecasts for an increase of 0.8 percent following the 0.7 percent gain in the previous three months.

Business services advanced 2.0 percent on quarter, due to scientific, architectural and engineering services, the bureau said.

Transport was up 3.7 percent, due to increases in road, air, and transport support services.

Manufacturing was up 1.2 percent, due to food, beverage, and tobacco manufacturing; and transport equipment, machinery and equipment manufacturing.

Construction was up 2.1 percent, due to increases in all the construction sub-industries. In all, 13 of the 16 GDP industries saw an increase in the third quarter.

Expenditure on gross domestic product grew 1.4 percent in Q3.

Household consumption expenditure was up 1.6 percent, driven by spending on services and non-durable goods.

Investment in fixed assets was up 1.4 percent, due to increased investment in transport equipment and residential building. Exports of goods and services fell 0.7 percent.

Imports of goods and services added 1.2 percent, due to imports of transport equipment, including aircraft purchases.

Inventories ran down $200 million, due to a decrease in manufacturing inventories.

Also on Thursday, the bureau said that New Zealand posted a seasonally adjusted current account deficit of NZ$1.899 billion in the third quarter of 2016.

The services surplus fell NZ$16 million to NZ$1,006 million in the third quarter. The investment income deficit added NZ$71 million to NZ$2,040 million in the latest quarter.

The balance of goods was a NZ$686 million deficit (NZ$190 million larger than Q2 deficit).

For the year ended September 2016, the current account deficit was NZ$7.5 billion.

New Zealand's external debt position was NZ$148.5 billion (58.0 percent of GDP) at 30 September 2016, up from a revised NZ$141.4 billion (55.9 percent of GDP) at 30 June 2016.

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**InstaForex Gertrude** · 23-12-16, 03:48

Fxwirepro: Usd/krw Remains Well supported Above 1,200 Mark, sustained Close Above 1,206 Targets 1,220

USD/KRW is currently trading around 1,203 levels.

It made intraday high at 1,203 and low at 1,201 marks.

Intraday bias remains neutral till the time pair holds key support at 1,195 levels.

A daily close above 1,206 will drag the parity higher towards key resistances at 1,209 (20D EMA), 1,220 (March 03, 2016 high) and 1,244 marks respectively.

On the other side, a sustained close below 1,195 will test key supports at 1,182/1,172/1,168/1,160/1,152/1,146/1,132/1,127/1,117/1,111/1,101 levels respectively.

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

We prefer to take long position in USD/KRW around 1,201, stop loss at 1,195 and target of 1,220/1,228.

News are provided by InstaForex

**InstaForex Gertrude** · 03-01-17, 03:40

Philippines Manufacturing PMI Slows In December - Nikkei

The manufacturing sector in the Philippines continued to expand in December, although at a slower rate, the latest survey from Nikkei revealed on Tuesday with a PMI score of 55.7.

That's down from 56.3 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output growth quickened while total new orders rose at a slower rate.

Vendor performance deteriorated for the first time in survey history, while input cost inflation was at a survey record high.

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