Forex News from InstaForex

**InstaForex Gertrude** · 14-08-13, 10:46

Malaysian Ringgit Slides To 2-1/2-year Low Against U.S. Dollar

The Malaysian Ringgit lost ground against the U.S. dollar in the Asian deals on Wednesday.
The ringgit touched 3.2725 against the greenback, a level not seen since March 2011. If the ringgit extends slide, it may face support around the 3.30 area. At yesterday's close, the pair finished trading at 3.2585.

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**InstaForex Gertrude** · 15-08-13, 10:55

Chart Focus: Dxy Readies for Channel Breakout

Recent low at trendline support led to sharp rally
2-day shallow pause seen at upper channel line - bullish
Breakout to come - higher highs / higher lows to continue
New high above July high at 84.75 to target long term trendline at 85.7

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**InstaForex Gertrude** · 16-08-13, 12:13

NZ Dollar Climbs To Fresh 2-month High Against Greenback

The New Zealand dollar continued to creep higher against the US dollar on Friday morning in Asia, rising to 0.8114, its strongest level since June 14.
The next likely resistance for the kiwi-greenback pair is seen around the 0.8135/40 area.

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**InstaForex Gertrude** · 21-08-13, 11:10

Chart Focus: Usd/krw more Upside Seems Likely

Tues saw shooting star candle but likely not meaningful
Bulls likely to test key resistance at long term trendline at 1,132
Only daily closes below 1,109 support shelf would change bullish view
Holding above trendline would see quick move to retest June high

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**InstaForex Gertrude** · 22-08-13, 10:42

Australian Dollar Jumps To More Than 2-week High Against NZ Dollar

The Australian dollar lifted further against the NZ dollar in Asian deals on Thursday.
The aussie approached 1.1480 against the kiwi for the first time since August 5. Further extension of bullish trend may see the aussie finding resistance around the 1.155 level. The pair was worth 1.1431 at yesterday's close.

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**InstaForex Gertrude** · 23-08-13, 10:45

Yen Off Early Asian Session Lows Against Majors

The Japanese yen that lost ground in the early Asian session on Friday erased some of its losses in late trading.
The yen rose to 131.89 against the euro and 106.86 against the Swiss franc, up from early Asian session's near 1-month lows of 132.35 and 107.19, respectively.
The Japanese currency that fell to fresh 2-week lows of 154.45 against the pound and 99.11 against the dollar bounced back to 154.03 and 98.86, respectively by 1:45 am ET.

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**InstaForex Gertrude** · 26-08-13, 10:19

Chart Focus: Eur/gbp Bulls may be Back in Driving Seat

Bullish daily candle on Friday closed well above broken trendline
0.859 has been key level since February - daily close above
Close was right on 50 day MA - closes above should be watched for
Bulls look to be regaining their strength after recent selloff

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**InstaForex Gertrude** · 27-08-13, 10:24

Malaysian Ringgit Slides To More Than 3-year Low Against U.S. Dollar

The Malaysian Ringgit drifted lower against the U.S. dollar in Asian deals on Tuesday. The ringgit touched 3.3310 against the greenback, a level not seen since June 2010. The ringgit may likely target support at 3.34 area. The pair finished Monday's deals at 3.3050.

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**InstaForex Gertrude** · 28-08-13, 10:28

Chart Focus: Eur/aud- 1.5000 Caps, Close Above Targets 1.5245

Syrian uncertainty fuelled AUD risk selling - opened +0.67%
Extended to 1.4995 early in Asia on unfounded Syrian rumours
Ma's edge higher with upper Bolli - uptrend regaining traction
1.5000 profit taking/option activity capped for a second time in Aug
Close above targets 1.5245 - 38.2% of 2008/2012 fall

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**InstaForex Gertrude** · 29-08-13, 11:03

Chart Focus: Aud/nzd Witnesses Modest Bounce on Capex

Opens -0.5% & extended to 1.1440 pre Aus Capex
Small bounce on generally stronger than expected Capex
Momentum studies are cresting - ma's % Bolli's positive
1.1389, 61.8% of Aug's rise is initial support
1.1465 NY close is initial resistance - bias higher

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**InstaForex Gertrude** · 30-08-13, 09:40

Yen Little Changed After Japan's Housing Starts, Construction Orders Datal

Following the release of Japan's housing starts and construction orders data for the month of July at 1:00 am ET, the yen was little changed against its major counterparts.
As of 1:05 am ET, the yen was trading at 130.13 against the euro, 105.58 against the Swiss franc, 98.25 against the US dollar and 152.42 against the pound.

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**InstaForex Gertrude** · 09-09-13, 10:20

Franc Little Changed Amid Swiss Unemployment Rate

At 1:45 am ET Monday, Swiss unemployment rate for August has released. The franc changed little against other major currencies after the data. The franc is now trading at 0.9385 against the greenback, 1.4681 against the pound, 1.2363 against the euro and 106.18 against the yen.

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**InstaForex Gertrude** · 10-09-13, 07:58

Philippine Export Growth Slows In July

Philippine export growth slowed in July, data published by the National Statistics Office showed Tuesday.
Exports rose 2.3 percent year-on-year to $4.836 billion in July, slower than 4.1 percent increase in June. Month-on-month, exports grew 7.7 percent.
Exports of electronic products, which accounted for 39.1 percent of the total exports revenue in July, increased 11.2 percent from a year earlier.
However, electronic product shipments slipped 5.7 percent month-on-month.

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**InstaForex Gertrude** · 11-09-13, 10:44

Chart Focus: Dxy-Major 81.65/70 Support a Base at Present

Opens little changed - early JPY led profit taking dip short lived
Inside day - consolidates Mon's losses above 81.70, 50% of Aug/Sep rise
Momentum studies edge lower - ma's cresting - Bolli's positive
Conflicting signals usually result in choppy range trading
200 & 20 dma's & 81.67/70 & offshore 81.98 high initial sup/res

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**InstaForex Gertrude** · 12-09-13, 11:15

Options- Market Snapshot-Opening Comments

1wk vols open higher on FOMC inclusion
USD/JPY risk reversals remain bid after spot setback
Huge 99.50 USD/JPY expiry now focal
AUD/USD vols and skew higher since employment data hit AUD

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**InstaForex Gertrude** · 13-09-13, 10:53

Research: Eu Rates Review

Quotes from Societe Generale Cross Asset Research:
-EU: 10y swaps at 2.29% trading in a tight 4 bps range in Asia. Pipeline issuance for swaps seem to be touch slower with sovereigns competing for investors cash this week. The 2y10y spread crosses 180bps barrier, steepest since Jan 2012.

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**InstaForex Gertrude** · 16-09-13, 11:23

German Manufacturing Employment Rises In July

Germany's manufacturing employment increased in July from a year earlier, data from the Federal Statistical Office showed Monday.
The number of employees increased 0.5 percent year-on-year to 5.3 million. The greatest number of additions were reported by the automobile manufacturing industry, data showed.
The number of paid working hours increased 3.2 percent annually to 704 million hours. Employee earnings rose 4.9 percent year-on-year.

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**InstaForex Gertrude** · 17-09-13, 10:29

Indian Rupee Slides To 4-day Low Against U.S. Dollar

The Indian rupee drifted lower against the U.S. dollar in early deals on Tuesday.
The rupee reached a 4-day low of 63.5160 against the greenback, compared to Monday's close of 63.2960. The rupee may probably face support around the 65.3 level.

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**InstaForex Gertrude** · 18-09-13, 10:55

Research: Short-Term Outlook for Inr

Quotes from Standard Chartered:
-We have a short-term Neutral FX rating on the INR. The crucial FOMC outcome may lead to considerable US dollar volatility ahead of this. Also, in his 4 September speech, Governor Rajan mentioned the possibility of further FX stabilisation measures being announced at the monetary policy meeting. The absence of such measures could dent the INR optimism that has been visible since his appointment.

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**InstaForex Gertrude** · 19-09-13, 10:47

Swiss Franc Advances To 1-week High Against Pound

The Swiss franc gained ground against the British pound in Asian deals on Thursday.
The franc reached a weekly high of 1.4697 versus the pound, compared to Wednesday's close of 1.4725. The next upside target for the franc is seen around the 1.46 level.

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