Forex News from InstaForex

**InstaForex Gertrude** · 17-02-17, 03:39

Fxwirepro: Kiwi falls Against Major Peers As New Zealand’s Retail Sales, Core Retail Sales Data Fail to Meet Expectations

AUD/NZD is currently trading around 1.0670 marks.

Pair made intraday high at 1.0675 and low at 1.0655 marks.

Intraday bias remains bullish till the time pair holds immediate support at 1.0634 marks.

A daily close below 1.0662 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.

On the other side, a sustained close above 1.0662 will drag the parity higher towards key resistances at 1.0735/1.0754/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.

New Zealand’s Q4 s/adj real retail sales +0.8 pct q/q.

New Zealand’s Q4 s/adj actual retail sales +4.2 pct y/y.

New Zealand’s January month s/adj PMI 51.6.

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**InstaForex Gertrude** · 22-02-17, 03:56

Fxwirepro: Eur/krw Hovers Around Key Support at 1,200 Mark, sustained Close Below Targets 1,184

EUR/KRW is currently trading around 1,201 mark.

Pair made intraday high at 1,202 and low at 1,199 levels.

Intraday bias remains neutral till the time pair holds key support at 1,200 mark.

A daily close below 1,200 will drag the parity down towards key supports around 1,184, 1,178 and 1,163 marks respectively.

Alternatively, a sustained close above 1,200 will take the parity higher towards key resistances around 1,209, 1,221, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.

Seoul shares open up 0.17 pct at 2106.42.

We prefer to take short position in EUR/KRW only below 1,200, stop loss at 1,210 and target of 1,190/1,184.

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**InstaForex Gertrude** · 24-02-17, 04:04

Singapore Industrial Production On Tap For Friday

Singapore will on Friday release January figures for industrial production, highlighting a light day for Asia-Pacific economic activity.

Output is expected to gain 2.8 percent on month and 7.5 percent on year after spiking 6.4 percent on month and 21.3 percent on year in December.

Taiwan will see January figures for unemployment, with the jobless rate expected to ease to 3.8 percent from 3.82 percent in December.

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**InstaForex Gertrude** · 27-02-17, 03:48

Australia Q4 Company Operating Profits Soar 20.1%

Company operating profits in Australia climbed a seasonally adjusted 20.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Monday.

That easily beat forecasts for an increase of 8.0 percent following the 1.0 percent gain in the previous three months.

Profits spiked 26.2 percent on year.

Company inventories gained just 0.3 percent on quarter in Q4, shy of expectations for 0.5 percent and down from 0.8 percent in the three months prior.

Inventories were up 1.6 percent on year.

Sales of manufacturing goods and services added 0.1 percent on quarter but fell 2.4 percent on year.

Sales in wholesale trade gained 3.1 percent on quarter and 9.0 percent on year.

Wages and salaries dipped 0.5 percent on quarter but climbed 1.0 percent on year.

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**InstaForex Gertrude** · 01-03-17, 03:00

Myanmar Manufacturing PMI Jumps To 51.9 - Nikkei

The manufacturing sector in Myanmar continued to expand in February, and at a faster rate, the latest survey from Nikkei showed on Wednesday with a manufacturing PMI score of 51.9.

That was up from 51.7 in January, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, the growth was spurred by solid growth of output and new work although optimism weakened to a survey-record low.

The exchange rate fluctuations contributed to another steep rise in input costs.

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**InstaForex Gertrude** · 02-03-17, 03:10

Australia Has A$1.302 Billion Trade Surplus

Australia had a seasonally adjusted merchandise trade surplus of A$1.302 billion in January, the Australian Bureau of Statistics said on Thursday.

That was shy of expectations for a surplus of A$3.80 billion and was down from A$3.334 billion in December.

Exports were down 3.0 percent on month to A$31.796, while imports advanced 4.0 percent to A$30.494 billion.

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**InstaForex Gertrude** · 03-03-17, 04:40

China Services PMI Falls To 52.6 In February - Caixin

The services sector in China continued to expand in February, although at a slightly slower pace, the latest survey from Caixin showed on Friday with a PMI score of 52.6.

That was down from 53.1 in January, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

The composite index also checked in at 52.6, up from 52.2 in the previous month.

Individually, new business picked up, while employment also expanded but at a slower pace.

Inflationary pressures continued to ease, while business sentiment ticked slightly higher.

News are provided by InstaForex

**InstaForex Gertrude** · 07-03-17, 04:58

Fxwirepro: Aussie Marginally Higher Against Major Peers ahead of Rba’s Cash Rate Decision

AUD/NZD is currently trading around 1.0852 marks.

Pair made intraday high at 1.0856 and low at 1.0829 marks.

Intraday bias remains bullish till the time pair holds immediate support at 1.0779 marks.

A daily close below 1.0838 will take the parity down towards key supports around 1.0779, 1.0713, 1.0670, 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.

On the other side, a sustained close above 1.0838 will drag the parity higher towards key resistances at 1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.

RBA will release cash rate decision at 0330 GMT.

News are provided by InstaForex

**InstaForex Gertrude** · 08-03-17, 05:20

Fxwirepro: South Korean Won Erases Previous Loss Against Euro, Stay Bearish Below 1,211

EUR/KRW is currently trading around 1,212 mark.

Pair made intraday high at 1,214 and low at 1,211 levels.

Intraday bias remains bearish till the time pair holds key resistance at 1,222 mark.

A daily close below 1,213 will drag the parity down towards key supports around 1,206, 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.

Alternatively, a sustained close above 1,213 will take the parity higher towards key resistances around 1,222, 1,229, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.

Seoul shares open down 0.09 pct at 2092.27.

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

We prefer to take short position in EUR/KRW only below 1,211, stop loss at 1,222 and target of 1,205/1,199.

News are provided by InstaForex

**InstaForex Gertrude** · 09-03-17, 03:50

China Consumer Prices Rise 0.8% In February

Consumer prices in China were up just 0.8 percent on year in February, the National Bureau of Statistics said on Thursday.

That was well shy of forecasts for an increase of 1.7 percent, and down sharply from 2.5 percent in January.

The bureau also said that producers prices spiked an annual 7.8 percent - exceeding forecasts for 7.7 percent and up from 6.9 percent in the previous month.

News are provided by InstaForex

**InstaForex Gertrude** · 10-03-17, 03:41

Fxwirepro: Eur/krw Hovers Around Key Resistance at 1,228 Mark, sustained Close Above Targets 1,242

EUR/KRW is currently trading around 1,226 mark.

Pair made intraday high at 1,227 and low at 1,224 levels.

Intraday bias remains neutral till the time pair holds key resistance at 1,228 mark.

A daily close below 1,225 will drag the parity down towards key supports around 1,214, 1,209, 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.

Alternatively, a sustained close above 1,225 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 0.11 pct at 2088.67.

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.

South Korea’s January L-money supply growth decrease to 6.8 % vs previous 7.5 %.

We prefer to take short position in EUR/KRW around 1,228, stop loss at 1,242 and target of 1,214/1,209/1,199.

News are provided by InstaForex

**InstaForex Gertrude** · 15-03-17, 02:44

Australia New Motor Vehicle Sales Sink 2.7% In February

New motor vehicle sales in Australia were down a seasonally adjusted 2.7 percent on month in February, the Australian Bureau of Statistics said on Wednesday - standing at 94,786.

That follows the 0.6 percent increase in January.

By category, sales for passenger vehicles fell 0.6 percent, while sports utility vehicles were down 0.5 percent and other vehicles shed 0.3 percent.

By region, the largest downward movement was in Tasmania (-2.6 percent), while the biggest gain came in the Northern Territory (0.1 percent).

On a yearly basis, sales dropped 4.1 percent after falling 0.9 percent in the previous month.

News are provided by InstaForex

**InstaForex Gertrude** · 16-03-17, 03:31

Australia Unemployment Rate Jumps To 5.9%

The unemployment rate in Australia climbed to a seasonally adjusted 5.9 percent in February, the Australian Bureau of Statistics said on Thursday.

That missed forecasts for 5.7 percent, which would have been unchanged from January.

The Australian economy lost 6,400 jobs last month to 11,998,800 versus expectations for the addition of 16,000 jobs following the gain of 13,700 in January.

Full-time employment increased 27,100 to 8,158,900 and part-time employment decreased 33,500 to 3,840,000.

Unemployment increased 26,000 to 748,100. The number of unemployed persons looking for full-time work increased 10,800 to 523,800 and the number of unemployed persons only looking for part-time work increased 15,100 to 224,300.

The participation rate was 64.6, matching forecasts and unchanged from the previous month.

Monthly hours worked in all jobs decreased 20.5 million hours to 1,661.9 million hours. The labor force underutilization rate increased 0.4 pts to 14.6 percent.

The male labor force underutilization rate increased 0.3 pts to 12.6 percent and the female labor force underutilization rate increased 0.6 pts to 16.8 percent.

News are provided byInstaForex.

**InstaForex Gertrude** · 20-03-17, 02:50

Fxwirepro: South Korean Won falls in Early Asia on the Back of Lower Than expected Ppi Data

EUR/KRW is currently trading around 1,213 mark.

Pair made intraday high at 1,213 and low at 1,208 levels. Intraday bias remains bullish till the time pair holds key support at 1,208 mark.

A daily close below 1,208 will drag the parity down towards key supports around 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.

Alternatively, a sustained close above 1,208 will take the parity higher towards key resistances around 1,219, 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 0.20 pct at 2160.32.

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

South Korea’s February PPI growth m/m decreases to 0.3 % vs previous 1.4 % (revised from 1.3 %).

South Korea’s February PPI growth y/y increase to 4.2 % vs previous 3.9 % (revised from 3.7 %).

We prefer to take long position in EUR/KRW around 1,210, stop loss at 1,205 and target of 1,219.

News are provided by InstaForex

**InstaForex Gertrude** · 21-03-17, 02:28

Australia House Prices Jump 4.1% In Q4

House prices in Australia advanced 4.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Tuesday.

That beat forecasts for a gain of 2.5 percent following the 1.5 percent increase in the third quarter.

On a yearly basis, prices spiked 7.7 percent - again beating estimates for 6.3 percent and up from 3.5 percent in the three months prior.

Melbourne saw the largest through the year at 10.8 percent, followed by Sydney at 10.3 percent.

Attached dwellings prices fell in Perth (1.7 percent), Brisbane (1.3 percent) and Darwin (2.5 percent), while prices rose in all other capital cities.

The total value of Australia's 9.8 million residential dwellings increased A$274.2 billion to A$6.4 trillion.

News are provided by InstaForex

**InstaForex Gertrude** · 22-03-17, 02:23

Japan Has Y813.389 Billion Trade Surplus

Japan had a merchandise trade surplus of 813.389 billion yen in February, the Ministry of Finance said on Wednesday.

That surpassed expectations for 807.2 billion yen following the downwardly revised 1,087.9 billion yen deficit (originally -1,086.9 billion yen) in January.

Exports jumped 11.3 percent on year, beating forecasts for 10.1 percent following the 1.3 percent gain in the previous month.

Imports added an annual 1.2 percent, missing expectations for 1.3 percent and down from 8.5 percent a month earlier.

News are provided by InstaForex

**InstaForex Gertrude** · 23-03-17, 03:33

Fxwirepro: Taiwanese Dollar Trades Marginally Higher ahead of Taiwan’s Interest Rate, Industrial Production Data

USD/TWD is currently trading around 30.45 marks.

It made intraday high at 30.51 and low at 30.39 marks.

Intraday bias remains neutral till the time pair holds key resistance at 30.57 marks. A daily close above 30.47 will drag the parity up towards key resistances around 30.57, 30.72, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.

On the other side, key support levels are seen at 30.35, 30.24 and 30.05 marks respectively.

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

Taiwan will release industrial production data at 0800 GMT and interest rate decision at 0830 GMT.

We prefer to take long position in USD/TWD only above 30.57, stop loss at 30.35 and target of 30.97.

News are provided by InstaForex

**InstaForex Gertrude** · 29-03-17, 03:43

Japan Retail Sales Gain 0.2% On Month In February

Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in February, the Ministry of Economy, Trade and Industry said on Wednesday.

That missed forecasts for 0.3 percent but was unchanged from the January reading following a downward revision from 0.5 percent.

On a yearly basis, retail sales added just 0.1 percent - again shy of expectations for 0.7 percent and down from 1.0 percent in the previous month.

Sales from large retailers sank an annual 2.7 percent versus forecasts for a fall of 1.8 percent after sliding 1.1 percent a month earlier.

News are provided by InstaForex

**InstaForex Gertrude** · 30-03-17, 04:16

Wall Street Finished Mostly Higher as Brexit Process Eyed

U.S. equities ended mostly higher, as energy led gains, while investors priced in recent economic data and the beginning of the U.K.'s exit from the European Union. Strength in the energy and consumer sectors counterbalanced losses in financial shares while investors also looked ahead to first-quarter earnings season.

The Dow Jones industrial average slipped 0.2 percent at 20,659.32, as UnitedHealth led losses while Chevron was the top gainer. The S&P 500 climbed 0.11 percent at 2,361.13, with energy leading five sectors up while financials lagged behind. The Nasdaq composite advanced 0.38 percent at 5,897.55.

The energy sector was up 1.2 percent after Energy Information Administration data revealed a smaller-than-expected crude inventory build. The consumer discretionary sector climbed 0.6 percent, with retailers like Kohl's and Nordstrom soaring. Shares of Amazon.com gained 2.1 percent to notch an all-time peak, providing the largest lift to the S&P 500 and Nasdaq. Financial shares retreated 0.5 percent a day after leading the rally.

Among stocks active on corporate news, Vertex Pharmaceuticals surged 20.5 percent after its cystic fibrosis treatment was a success in a study. The stocks lifted the S&P and helped propel the Nasdaq Biotechnology index to climb 0.9 percent.

News are provided by InstaForex

**InstaForex Gertrude** · 03-04-17, 04:21

Australia Retail Sales Slip 0.1% In February

The total value of retail sales in Australia was down a seasonally adjusted 0.1 percent on month in February, the Australian Bureau of Statistics said on Monday - coming in at A$25.691 billion.

That missed forecasts for an increase of 0.3 percent following the 0.4 percent gain in January.

By category, food retailing was up 0.3 percent, followed by cafes, restaurants and takeaway food services (0.1 percent), and other retailing (0.1 percent).

Clothing, footwear and personal accessory retailing was unchanged (0.0 percent). Household goods retailing (-0.1 percent), and Department Stores (-0.1 percent) were down.

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