Forex News from InstaForex

**InstaForex Gertrude** · 04-03-16, 06:00

Tech giants unite to support Apple in encryption fight with US

Technology industry leaders, including Alphabet Inc.'s Google, AT&T, Facebook Inc., and Microsoft Corporation submitted legal briefs urging a federal judge to support Apple Inc. which has been engaged in an encryption dispute with the US government. The entire Silicon Valley is opposing an order asking Apple to design a new software and implement other measures to enable access to an iPhone used by a San Bernardino shooter, saying it would compromise privacy and security. Apple argued such an order would lead to a risky precedent and jeopardize user security. Its industry allies filed amicus briefs to US District Judge Sheri Pym in Riverside, California to make their case. On the other hand, relatives of California shooting victims gave their own brief opposing the iPhone maker.

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**InstaForex Gertrude** · 07-03-16, 04:55

Usd/sgd Trading in Range

USD/SGD last 1.3780-85, traded 1.3744-82 range so far
Pair may trade in range amid 1.3750-1.3850 intraday

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**InstaForex Gertrude** · 08-03-16, 05:33

Canada says Toyota recalls 400,124 vehicles due to airbag issue

The government of Canada on Mondau said the Toyota Motor Corp was recalling 400,124 vehicles due to an issue with frontal airbags. The Japanese carmaker on Wednesday said it was expanding its worldwide recall involving potentially defective air bags by Takata Corp.

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**InstaForex Gertrude** · 09-03-16, 05:14

Corn falls for First Time in 6 Sessions ahead of Usda Report

The most active corn futures fell 0.42 percent to $3.59 a bushel, having gained 0.42 percent in the previous session. U.S. Department of Agriculture to report latest supply and demand report on Wednesday. Traders and analysts expect the USDA to further increase its estimates for global corn and soybean inventories from February

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**InstaForex Gertrude** · 09-03-16, 05:35

Yen Rises Against Majors

The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to a 1-week high of 159.51 against the pound and a 6-day high of 123.44 against the euro, from yesterday's closing quotes of 160.05 and 124.02, respectively. Against the Swiss franc and the U.S. dollar, the yen advanced to 8-day highs of 112.68 and 112.41 from yesterday's closing quotes of 113.03 and 112.62, respectively. Against the Australian, the New Zealand and the Canadian dollars, the yen climbed to a 5-day high of 83.35, a 6-day high of 75.74 and an 8-day high of 83.65 from yesterday's closing quotes of 83.77, 75.92 and 83.98, respectively. If the yen extends its uptrend, it is likely to find resistance around 155.00 against the pound, 122.00 against the euro, 112.00 against the franc, 110.00 against the greenback, 79.00 against the aussie, 73.00 against the kiwi and 81.00 against the loonie.

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**InstaForex Gertrude** · 10-03-16, 03:57

China Inflation Accelerates To 2.3% In February

Consumer prices in China were up 2.3 percent on year in February, the National Bureau of Statistics said on Thursday. That exceeded forecasts for an increase of 1.8 percent, which would have been unchanged from the January reading. It also marked the fastest rate since July 2014. Ona monthly basis, CPI jumped 1.6 percent after adding 0.5 percent a month earlier. The bureau also reported that producer prices were down 4.9 percent on year - in line with expectations following the 5.3 percent contraction in the previous month. Producer prices have been mired in deflation for more than four years now.

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**InstaForex Gertrude** · 10-03-16, 07:35

China Inflation Accelerates To 2.3% In February

Consumer prices in China were up 2.3 percent on year in February, the National Bureau of Statistics said on Thursday. That exceeded forecasts for an increase of 1.8 percent, which would have been unchanged from the January reading. It also marked the fastest rate since July 2014. Ona monthly basis, CPI jumped 1.6 percent after adding 0.5 percent a month earlier. The bureau also reported that producer prices were down 4.9 percent on year - in line with expectations following the 5.3 percent contraction in the previous month. Producer prices have been mired in deflation for more than four years now.

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**InstaForex Gertrude** · 14-03-16, 05:29

Asian Markets Start the Week on a Higher Note, Gold supported Above $1250

All the Asian markets are opened on a higher note on the start of the new week on Monday as Wall Street booked a solid gain on last Friday and Gold erases previous losses against US dollar and currently remains well supported above $1250 mark. The Nikkei 225 index was trading 2.08% higher to 17,291.23 points on Monday morning in Tokyo, while the broader Topix index traded 1.42% higher at 1,378.61 points. Today Japan released core machinery orders with positive numbers at 15% month-on-month in January, the strongest rise in 22 months. USD/JPY remains well supported below 114.00 marks and trading around 113.92 levels. Shanghai Composite rising 0.70% to 2,830.08 points, while Hong Kong's Heng Seng index was trading 1.13% higher to 20,436.77 points. South Korea’s Kospi was trading 0.17% higher to 1974.77 points. Australia’s benchmark S&P/ASX 200 index was trading 0.71% higher to 5,203.70 points in Sydney while New Zealand's benchmark S&P/NZX 50 index was trading up 0.87% at an all-time high of 6,572.15 points on Monday afternoon in Wellington.

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**InstaForex Gertrude** · 15-03-16, 03:07

Australia New Vehicle Sales Dip 0.1% In February

The total number of new vehicle sales in Australia was down a seasonally adjusted 0.1 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at 97,921. That follows the 0.4 percent increase in January. On a yearly basis, new car sales added 2.3 percent - slowing from 5.1 percent in the previous month. By category, sales of passenger vehicles fell 0.9 percent on month, while sports utility vehicles added 0.4 percent and other vehicles climbed 1.6 percent. By region, sales in the Northern Territory jumped 1.9 percent, while the Australian Capital Territory fell 1.3 percent.

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**InstaForex Gertrude** · 15-03-16, 05:58

Volkswagen investors file $3.61 billion lawsuit in Germany

Around 300 institutional investors lodged a multi-billion euro lawsuit versus Volkswagen in Germany, saying the automaker violated its capital markets responsibility in the emissions scandal. The €3.256 billion ($3.61 billion) suit was submitted at a regional court in Braunschweig, which is filed by 278 investors worldwide, including CALPERS. TISAB, a law firm representing the institutional investors, said the lawsuit seeks to find out whether the carmaker failed to fulfill its job to the capital markets about the timetable between June 2008 and September 2015. A VW spokesperson could not provide a comment as the company had not seen the case.

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**InstaForex Gertrude** · 17-03-16, 04:49

Australia Jobless Rate Slips To 5.8% In February

The unemployment rate in Australia dropped to a seasonally adjusted 5.8 percent in February, the Australian Bureau of Statistics said on Thursday. That beat forecasts for 6.0 percent, which would have been unchanged from the January reading. The Australian economy added 300 jobs in February to 11,884,000 - well shy of forecast for an increase of 12,000 following the 7,500 decline in the previous month. Full-time employment increased 15,900 to 8,192,600 and part-time employment decreased 15,600 to 3,691,500. Unemployment decreased 27,300 to 732,600. The number of unemployed persons looking for full-time work decreased 18,200 to 525,200 and the number of unemployed persons only looking for part-time work decreased 9,100 to 207,400. Monthly hours worked in all jobs decreased 2.0 million hours to 1,652.6 million hours. The participation rate was 64.9 percent - also below forecasts for 65.2 percent and down from 65.1 following a 0.1 percent downward revision. The labor force underutilization rate decreased 0.1 percent to 14.2 percent. The male labor force underutilization rate fell 0.1 percent to 12.3 percent. The female labor force underutilization rate fell 0.3 percent to 16.4 percent.

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**InstaForex Gertrude** · 18-03-16, 03:43

Aud/usd Jump With another Aggressive Official Cny Fix

Strongest fix since Nov 2
AUD responded from 0.7645/50 area to 0.7681 top
Technically opens towards 0.7739 1 Jul 15 top, last quoted 0.7664/66

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**InstaForex Gertrude** · 28-03-16, 05:59

Fxwirepro:nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips

Major resistance - 17300
The index has recovered after making a low of 16711.It is currently trading around 17111.Short term trend is bullish as long as support 16500 holds.

Nikkei is struggling to beak above 17300 and any further bullishness can be seen only above 17300.On the higher side any break above 17300 will take the index to next level till 17520/17750/17900.

The index major support is around 16450 and break below targets 16000/15500.

Short term bullish invalidation only below 15500.

It is good to buy at dips around 17000 with SL around 16700 for the TP of 17300/17520/17750.

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**InstaForex Gertrude** · 28-03-16, 06:33

Chinese mutual funds resort to commodities, reforms

China's mutual fund industry is endeavoring to design investment instruments relative to local commodity futures, speculating the plans to overturn oversupply in the resource sector will bolster prices for raw materials. The funds seek to move out of fixed-income and stocks, which have no outright return in the light of turmoil last year, which led to more than 50% plunge on share markets and recording multi-year lows on bond yields. In August 2015, UBS-SDIC Fund Management unveiled the first Chinese mutual fund investing in domestic commodities, tied to silver futures on the Shanghai Futures Exchange.

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**InstaForex Gertrude** · 29-03-16, 04:42

Japan Retail Sales Advance 0.5% In February

Retail sales in Japan were up 0.5 percent on year in February, the Ministry of Economy, Trade and Industry said on Tuesday. That was well shy of expectations for an increase of 1.6 percent following the 0.2 percent decline in January. Sales from large retailers advanced an annual 2.2 percent, beating forecasts for 1.6 percent following the 0.9 percent gain in the previous month. On a monthly basis, retail sales slid a seasonally adjusted 2.3 percent - missing forecasts for a fall of 0.9 percent following the 0.4 percent contraction in January.

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**InstaForex Gertrude** · 30-03-16, 03:34

Japan Industrial Production Slides 6.2% In February

Industrial production in Japan was down a seasonally adjusted 6.2 percent on month in February, the Ministry of Economy, Trade and Industry said in Wednesday's preliminary reading - marking the largest single-month decline in five years. The headline figure missed expectations for a decline of 5.9 percent following the 3.7 percent increase in January. On a yearly basis, industrial production fell 1.5 percent - beating forecasts for a decline of 1.7 percent following the 3.8 percent contraction in the previous month. Upon the release of the data, the METI maintained its assessment of industrial production, saying that it has been fluctuating indecisively.

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**InstaForex Gertrude** · 31-03-16, 06:14

UK consumer confidence lags on Brexit, eurozone woes - survey

British consumers remain not that confident in over a year as they worry about the in/out referendum and the region's unsettled economic problems. A GfK survey showed the overall consumer sentiment indicator was still at zero in March from February, as well as its joint lowest since December 2014. Optimism among British people about the economy over the coming 12 months was 18 points lower from -12 in the previous year. GfK Head of Market Dynamics Joe Staton said interest rates and prices in the shops, the continuous eurozone crisis, and worries about looming UK exit seem to affect them amid reports about low inflation. Chancellor George Osborne has repeatedly cautioned the United Kingdom is facing a string of cocktail perils from the global economy.

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**InstaForex Gertrude** · 01-04-16, 03:29

Usd/krw Opens at 1145, Then Bounce, As Usd Bid Returns

Improvement in exports saw current ccount surplus rise to a 13-month high Exports showed slight improvement, down 8.2% against a forecast -10.7%

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**InstaForex Gertrude** · 05-04-16, 03:59

Fxwirepro: Usd/jpy falls Below 111.00 Mark As Japan’s Wage Data Came in Much Better Than Expected

USD/JPY is currently trading around 110.87 marks.
It made intraday high at 111.34 and low at 110.85 levels.
Today Japan released Labour cash earnings data with positive numbers at 0.9% m/m vs 0.0% previous release.
Intraday bias remains bearish for the moment.
Pair slips below 111.00 and confirms bearish trend for the moment.
A daily close below 111.14 will take the parity down towards 110.66, 109.62 and 108.36 levels.
On the top side, key resistance levels are seen at 111.79, 112.60, 113.43, 113.98 and 114.28 marks.

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**InstaForex Gertrude** · 05-04-16, 06:14

3D Systems names former HP exec as CEO

3D Systems Corp, a 3D print maker, named Vyomesh Joshi, a former HP Inc. executive, as its president and chief executive. Joshi headed the printing business of HP, and he replaces Andy Johnson, who was serving as the interim president and CEO, the company said. 3D Systems has been struggling in the past 2 years, with its stock falling about 90% as investors raised questions about the viability of consumer 3D printers. Avi Reichental, its former chief executive, stepped down last year in a mutual agreement with the board.

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