Forex News from InstaForex

**InstaForex Gertrude** · 20-03-23, 09:48

EURO LITTLE CHANGED AFTER GERMAN PPI DATA

At 3:00 am ET, Destatis issued Germany's producer prices data for February.

After the data, the euro changed little against its major rivals.

As of 3:05 am ET, the euro was trading at 0.8749 against the pound, 0.9874 against the Swiss franc, 1.0666 against the U.S. dollar and 139.64 against the yen.

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**InstaForex Gertrude** · 21-03-23, 05:57

AUSTRALIAN DOLLAR SLIDES AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

The Australian dollar fell to a 6-day low of 1.6018 against the euro, from yesterday's closing value of 1.5949.

The aussie dropped to 87.81 against the yen, from yesterday's closing value of 88.18.

Against the U.S. and the Canadian dollars, the aussie edged down to 0.6690 and 0.9153 from yesterday's closing quotes of 0.6715 and 0.9175, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.62 against the euro, 86.00 against the yen, 0.64 against the greenback and 0.89 against the loonie.

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**InstaForex Gertrude** · 22-03-23, 07:19

AUSTRALIAN DOLLAR RISES AGAINST MAJORS

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

The Australian dollar rose to nearly a 2-week high of 1.0805 against the NZ dollar and a 2-day high of 88.79 against the yen, from yesterday's closing quotes of 1.0761 and 88.32, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 0.6690 and 0.9167 from yesterday's closing quotes of 0.6666 and 0.9141, respectively.

The aussie edged up to 1.6105 against the euro, from yesterday's closing value of 1.6134.

If the aussie extends its uptrend, it is likely to find resistance around 1.09 against the kiwi, 91.00 against the aussie, 0.68 against the greenback, 0.93 against the loonie and 1.55 against the euro.

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**InstaForex Gertrude** · 24-03-23, 07:04

U.S. DOLLAR RISES AGAINST MOST MAJORS

The U.S. dollar strengthened against most major currencies in the Asian session on Friday.

The U.S. dollar rose to 2-day highs of 1.0817 against the euro and 1.3736 against the Canadian dollar, from yesterday's closing quotes of 1.0828 and 1.3715, respectively.

Against the pound and the Swiss franc, the greenback edged up to 1.2261 and 0.9179 from yesterday's closing quotes of 1.2286 and 0.9163, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 1.03 against the euro, 1.39 against the loonie, 1.18 against the pound and 0.93 against the franc.

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**InstaForex Gertrude** · 27-03-23, 09:41

YEN FALLS AGAINST MAJORS

The Japanese yen weakened against other major currencies in the late Asian session on Monday. The yen fell to 4-day lows of 131.31 against the U.S. dollar, 142.85 against the Swiss franc and 95.61 against the Canadian dollar, from recent highs of 130.49, 141.57 and 94.95, respectively.

Against the euro and the pound, the yen dropped to 141.23 and 160.52 from recent highs of 140.53 and 159.57, respectively.

Moving away from recent highs of 86.62 against the Australian dollar and 80.89 against the NZ dollar, the yen slipped to 87.36 and 81.46, respectively.

If the yen extends its downtrend, it is likely to find support around 134.00 against the greenback, 144.00 against the franc, 97.00 against the loonie, 144.00 against the euro, 163.00 against the pound, 91.00 against the aussie and 83.00 against the kiwi.

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**InstaForex Gertrude** · 28-03-23, 02:55

AUSTRALIA RETAIL SALES ADD 0.2% IN FEBRUARY

The total value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.141 billion.

That exceeded expectations for an increase of 0.1 percent and was down from 1.9 percent in January.

Individually, sales were up for food, clothing, department store sales and cafes and restaurants. Sales were flat for household goods and down for other retailing.

On a yearly basis, retail sales climbed 6.4 percent.

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**InstaForex Gertrude** · 29-03-23, 07:31

NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

The NZ dollar rose to a 1-week high of 82.61 against the yen and a 6-day high of 0.6271 against the U.S. dollar, from yesterday's closing quotes of 81.85 and 0.6253, respectively.

Against the euro and the Australian dollar, the kiwi advanced to 5-day highs of 1.7283 and 1.0686 from yesterday's closing quotes of 1.7333 and 1.0727, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 84.00 against the yen, 0.63 against the greenback, 1.69 against the euro and 1.05 against the aussie.

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**InstaForex Gertrude** · 30-03-23, 07:46

AUSTRALIAN DOLLAR SLIDES AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Thursday.

The Australian dollar fell to more than a 3-week low of 0.9046 against the Canadian dollar, from yesterday's closing value of. 0.9060.

Moving away from yesterday's closing value of 0.6684 against the U.S. dollar, the aussie dropped to 0.6661.

Against the euro and the yen, the aussie edged down to 1.6255 and 88.39 from yesterday's closing quotes of 1.6217 and 88.76, respectively.

If the aussie extends its downtrend, it is likely to find support around 0.89 against the loonie, 0.65 against the greenback, 1.63 against the euro and 85.00 against the yen.

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**InstaForex Gertrude** · 31-03-23, 07:28

JAPAN RETAIL SALES SURGE 6.6% ON YEAR IN FEBRUARY

The total value of retail sales in Japan was up 6.6 percent on year in February, the Ministry of Economy, Trade and Industry said on Friday.

That beat forecasts for an increase of 5.8 percent and was up from the downwardly revised 5.0 percent gain in January.

Sales from large retailers climbed 5.0 percent on year, easing from 5.5 percent in the previous month.

Wholesale sales climbed an annual 2.3 percent, accelerating from 1.2 percent a month earlier.

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**InstaForex Gertrude** · 03-04-23, 07:42

YEN ADVANCES AGAINST MOST MAJORS

The Japanese yen strengthened against most major currencies in the Asian session on Monday.

The yen rose to 4-day highs of 143.62 against the euro and 163.42 against the pound, from last week's closing quotes of 143.99 and 163.74, respectively.

Against the Swiss franc and the Australian dollar, the yen advanced to 4-day highs of 144.91 and 88.54 from Friday's closing quotes of 145.03 and 88.73, respectively.

If the yen extends its uptrend, it is likely to find resistance around 138.00 against the euro, 157.00 against the pound, 139.00 against the franc and 85.00 against the aussie

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**InstaForex Gertrude** · 05-04-23, 10:18

NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

The NZ dollar rose to a 3-week high of 83.97 against the yen and more than a 2-week high of 1.7167 against the euro, from yesterday's closing quotes of 83.14 and 1.7343, respectively.

Against the U.S. and the Australian dollars, the kiwi advanced to nearly a 2-month high of 0.6379 and a 3-1/2-month high of 1.0618 from yesterday's closing quotes of 0.6311 and 1.0696, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 86.00 against the yen, 1.67 against the euro, 0.64 against the greenback and 1.06 against the aussie.

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**InstaForex Gertrude** · 06-04-23, 07:46

EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY INDUSTRIAL OUTPUT, CONSTRUCTION PMI DUE

Industrial production and construction Purchasing Managers' survey results from Germany are due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, unemployment data is due from Switzerland. The jobless rate is forecast to fall slightly to 2.0 percent in March from 2.1 percent in February.

At 2.00 am ET, Destatis is slated to release Germany's industrial production for February. Economists expect output to gain 0.1 percent on month, slower than the 3.5 percent increase in January.

In the meantime, UK Halifax house price data is due. House prices are expected to fall 0.3 percent on month in March, reversing a 1.1 percent increase in February.

Also, GDP, industrial production and household consumption are due from Statistics Sweden.

At 3.00 am ET, wholesale prices and foreign trade figures are due from Austria. And industrial and construction output and external trade reports are due from the Czech Republic.

At 3.30 am ET, S&P Global publishes Germany's construction Purchasing Managers' survey results.

At 4.30 am ET, UK S&P/CIPS construction PMI data is due. The index is seen falling to 53.5 in March from 54.6 in February.

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**InstaForex Gertrude** · 07-04-23, 07:07

NZ DOLLAR ADVANCES AGAINST MOST MAJORS

The New Zealand dollar strengthened against most major currencies in the Asian session on Friday.

The NZ dollar rose to 0.6262 against the U.S. dollar and 82.49 against the yen, from yesterday's closing quotes of 0.6242 and 82.28, respectively.

Against the euro, the kiwi advanced to 1.7435 from yesterday's closing value of 1.7479.

If the kiwi extends its uptrend, it is likely to find resistance around 0.65 against the greenback, 84.00 against the yen and 1.69 against the euro.

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**InstaForex Gertrude** · 10-04-23, 04:40

JAPAN HAS Y2.197 TRILLION CURRENT ACCOUNT SURPLUS IN FEBRUARY

Japan posted a current account surplus of 2.197 trillion yen in February, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 2.536 trillion yen following the downwardly revised 1.989 trillion shortfall in January (originally -1.977 trillion yen).

Exports rose 4.5 percent on year to 7.644 trillion yen, while imports climbed an annual 8.248 trillion yen for a trade deficit of 604.1 billion yen.

The capital account showed a deficit of 15.8 billion yen, while the financial account showed a surplus of 3.292 trillion yen.

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**InstaForex Gertrude** · 11-04-23, 08:17

AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

The Australian dollar rose to a 5-day high of 1.6309 against the euro, from yesterday's closing value of 1.6352.

Against the yen and the NZ dollar, the aussie advanced to 6-day highs of 89.03 and 1.0714 from yesterday's closing quotes of 88.67 and 1.0674, respectively.

The aussie edged up to 0.6674 against the U.S. dollar, from yesterday's closing value of 0.6641.

Moving away from an early near 5-month low of 0.8956 against the Canadian dollar, the aussie climbed to 0.9002.

If the aussie extends its uptrend, it is likely to find resistance around 1.58 against the euro, 91.00 against the yen, 1.08 against the kiwi, 0.68 against the greenback and 0.91 against the loonie.

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**InstaForex Gertrude** · 13-04-23, 07:12

EUROPEAN ECONOMIC NEWS PREVIEW: UK GDP DATA DUE

Monthly GDP from the UK and final inflation from Germany are the top economic news due on Thursday.

At 2.00 am ET, the Office for National Statistics publishes UK monthly GDP data for February. The economy is forecast to grow marginally by 0.1 percent on month, slower than the 0.3 percent expansion registered in January.

At the same time, the UK visible trade deficit is seen narrowing to GBP 17.0 billion from GBP 17.86 billion in January.

In the meantime, Destatis is set to issue Germany's final consumer and harmonized prices for March. Consumer price inflation is forecast to ease to 7.4 percent, in line with flash estimate, from 8.7 percent in February.

At 3.00 am ET, the Czech Statistical Office releases consumer prices for March. Economists forecast inflation to slow to 14.9 percent from 16.7 percent in February. At 4.00 am ET, Italy's Istat publishes industrial output data for February. Production is seen expanding 0.5 percent month-on-month, in contrast to the 0.7 percent decline in January. At 5.00 am ET, Eurozone industrial production data is due. Economists forecast Eurozone industrial output to grow at a faster pace of 1.0 percent in February after rising 0.7 percent in January.

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**InstaForex Gertrude** · 14-04-23, 06:17

SINGAPORE GDP SINKS 0.7% IN Q1

Singapore's gross domestic product contracted a seasonally adjusted 0.7 percent on quarter in the first quarter of 2023, the Ministry of Trade and Industry said in Friday's preliminary reading.

That missed expectations for a decline of 0.2 percent following the downwardly revised 0.1 percent increase in the fourth quarter of 2022 (originally 0.3 percent).
On an annualized basis, GDP was up 0.1 percent - again shy of forecasts for a gain of 0.6 percent and down from 2.1 percent in the three months prior.

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**InstaForex Gertrude** · 17-04-23, 07:48

U.S. DOLLAR ADVANCES AGAINST MAJORS

The U.S. dollar strengthened against other major currencies in the Asian session on Monday.

The U.S. dollar rose to more than a 1-month high of 134.11 against the yen, a 6-day high of 1.2383 against the pound and a 5-day high of 1.0962 against the euro, from last week's closing quotes of 133.73, 1.2412 and 1.0993, respectively.

Against the Swiss franc and Australian dollar, the greenback advanced to 4-day highs of 0.8959 and 0.6690 from Friday's closing quotes of 0.8935 and 0.6708, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 137.00 against the yen, 1.20 against the pound, 1.07 against the euro, 0.91 against the franc and 0.65 against the aussie

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**InstaForex Gertrude** · 24-04-23, 07:41

Bitcoin reaches buying zone

Bitcoin crashed in the short term and now is trading at 28,106. After its strong growth, a retreat was natural. The rate could test and retest the near-term support levels before developing a new leg higher.

BTC/USD dropped by 10.33% from last Friday's high of 31,035 to 27,828 today's low. It's down by 1.83% in the last 24 hours and by 6.95% in the last 7 days.

BTC/USD Massive Drop!

Technically, BTC/USD turned to the downside after failing to reach and retest the upper median line (uml) of the ascending pitchfork. Now, it has reached the median line (ml) of the ascending pitchfork which represents a dynamic support.

27,723 represents a downside obstacle as well. As long as it stays above the median line, BTC/USD could develop a new leg higher.

BTC/USD Outlook!

False breakdowns below the median line (ml) and through 27,723 announce a new leg higher and could bring new long opportunities.

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**InstaForex Gertrude** · 26-04-23, 06:41

CANADIAN DOLLAR DROPS AGAINST MOST MAJORS

The Canadian dollar weakened against most major currencies in the Asian session on Wednesday.

The Canadian dollar fell to 1.4972 against the euro, from yesterday's closing value of 1.4947.

Against the U.S. dollar and the yen, the loonie edged down to 1.3642 and 97.86 from yesterday's closing quotes of 1.3626 and 98.14, respectively.

If the loonie extends its downtrend, it is likely to find support around 1.51 against the euro, 1.38 against the greenback and 93.00 against the yen.

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