Forex News from InstaForex

**InstaForex Gertrude** · 02-05-16, 04:45

Aud/usd eased to 0.7593 First up After Slightly Weaker China Pmi

Light AUD/JPY demand after Tokyo arrived helping to underpin AUD/USD
AUD/USD support at 0.7545/50 where Wednesday's low and 50-day MA converge
Resistance at 20-day MA at 0.7662 - range expected ahead of RBA tomorrow

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**InstaForex Gertrude** · 02-05-16, 07:49

Fxwirepro: Usd/inr Breaks Key Support at 66.32, Good to Sell on Rallies

USD/INR is currently trading at 66.32 marks. It made intraday high at 66.41 and low at 66.32 levels. Intraday bias remains bearish for the moment. A daily close below 66.32 will take the parity down around key supports at 66.10/65.95/65.81 marks respectively. On the other side, key resistance levels are seen at 66.48/66.72/ 66.86/ 66.95/ 67.15 levels. Today India will release Nikkei market manufacturing PMI data at 0500 GMT. In addition, Indian stock markets are trading on a lower note. As BSE Sensex was trading 0.71% lower at 25,428 while NSE Nifty fell by 0.73% to 7,792 points. We prefer to take short position in USD/INR only below 66.30, stop loss 66.72 and target 66.05 marks.

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**InstaForex Gertrude** · 03-05-16, 06:01

Fxwirepro: Nikkei225 Consolidates in Narrow Range, Good to Sell on Rallies

Major intraday resistance - 16200 Major support - 15800 Nikkei index slightly recovered after making a low of 15837.It is currently trading around 16016. Short term trend is bearish as long as resistance 16600 holds. The index minor resistance is around 16200 and any break above will take the index to next level 16375(55 day H EMA)/16600/16800. On the lower side major support is around 15800 and break below will drag the index down till 15500/15325 in short term. . Short term trend reversal can be seen only below 15000. It is good to sell on rallies around 16300 with SL around 16600 for the TP of 16000/15550

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**InstaForex Gertrude** · 05-05-16, 06:18

Asian shares plummet as global economic growth woes remain

Asian shares recorded its longest losing run in nearly five months as it declined for seventh consecutive days on escalating global economic growth anxieties. The MSCI Asia Pacific Index closed at 405.69, down 0.4%. The Shanghai Composite Index lost 0.2%. The Hang Seng China Enterprises Index lost 1.2%. Hong Kong's Hang Seng Index slipped 0.8%. Taiwan's Taiex index tumbled 0.5%. Global stock markets have hit its lowest troughs in nearly a month despite worries over disappointing corporate earnings and dim labor and manufacturing data. Meanwhile, China's measure services data will be released Thursday.

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**InstaForex Gertrude** · 10-05-16, 03:50

Usd/jpy Trade up to 108.60 in Ny

Stops at 108.00+, 108.25+ tripped
Gotobi demand supportive
Option expiries to help cap - USD884 mln 108.50, 505 mln 108.75, more above Daily Ichimoku tenkan-kijun converging at 108.71-72.

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**InstaForex Gertrude** · 10-05-16, 06:58

HTC Revenue Falls for the 4th Quarter in a Row

HTC Corporation reported a 64 percent dive in revenue for the first quarter, contracting from $1.3 billion in 2015 to a dismal $456 million. Q1 profit also plunged by a staggering 78 percent from last year's $250 million to $60 million. HTC is struggling to restore its share in the cut throat Android market, which has now shriveled to 1 percent. Its net loss totaled to $80 million in three months. Sales results of its new smartphone HTC 10 and virtual reality device Vive were not yet counted. However, 11 days after the pre-sales opened in China, only 251 units of HTC 10 were pre-ordered. This shows that HTC is losing against major competitors Apple and Samsung in the world's the largest smartphone market.

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**InstaForex Gertrude** · 11-05-16, 05:52

Fxwirepro: Usd/jpy Fails to Sustain Above Key Resistance 109.32, Intraday Bias Remains Neutral

USD/JPY is currently trading around 109.10 marks.
It made intraday high at 109.36 and low at 109.04 levels.
Intraday bias remains neutral for the moment.
A daily close above 109.32 will drag the parity up towards 111.23, 112.60 and 113.42 levels respectively.
Alternatively, reversal from key resistance will drag the parity down towards key supports at 108.27, 106.15, 105.71, 105.45 and 104.55 levels respectively. Japan will release leading indicator data at 0500 GMT. Market anticipates reading around 96.4 vs 96.8 previous release.

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**InstaForex Gertrude** · 11-05-16, 06:55

Japan's Topix wipes out previous advance as yen surges

Japan's Topix index erased its early ascension as the Japanese yen fortified after recording losses for two straight days.

Against the US dollar, the yen traded at ¥108.66, up 0.6%. The Topix index closed at 1,332.42,m down 0.2%, while the Nikkei 225 Stock Average settled at 16,575.65. Machinery shares advanced but consumer finance and drugmakers spearheaded declines.

Around 180 entities listed on the Topix are scheduled to report their earnings Wednesday, while 700 others will post results Thursday and Friday. Mitsubishi Estate Co. and Toyota Motor Corp. post earnings today.

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**InstaForex Gertrude** · 12-05-16, 06:04

Fxwirepro: Usd/krw Trading in Tight Range, Intraday Bias Remains Neutral

USD/KRW is currently trading around 1164 levels.
Intraday bias remains neutral till the time pair holds key support at 1162 marks.
Pair is trading in tight range from 1162 to 1172 marks.
A break of either side will provide further direction to the parity.
A daily close above 1172 will drag the parity up towards key resistances at 1176/1180/1193 (20, 30 and 55D EMA crossover)/1211 marks.
A sustained close below 1162 will test key supports at 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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**InstaForex Gertrude** · 12-05-16, 06:38

Cameron unveils UK property rule amendments

Seeking to topple corruption worldwide, Prime Minister David Cameron announced foreign entities with properties in the United Kingdom are mandated to publicly declare their assets, saying they need to be on a new register. The British premier made the announcement as world leaders are heading to a the Lancaster House summit in London aimed at bolstering measures to eradicate money laundering. Cameron is hosting the gathering. No list of participants has been released. But Afghan President Ashraf Ghani and US State Secretary John Kerry are awaited to join the convention. Also, the details of the event are not yet published. However, organizers disclosed the event will find ways to unmask corruption.

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**InstaForex Gertrude** · 13-05-16, 04:25

Fxwirepro: Kiwi falls on the Back of Lower Than expected Retail Sales Data

AUD/NZD is trading around 1.0726 marks.
Pair made intraday high at 1.0743 and low at 1.0717 marks.
Today New Zealand released retail sales data with negative numbers at 0.8% q/q vs 1.1% q/q previous release.
In addition, core retail sales falls to 1.0% q/q vs 1.1% q/q previous release. Intraday bias remains neutral for the moment.
A daily close below 1.0725 will take the parity down towards 1.0670 (February 26, 2016 low) and 1.0574 (February 12, 2016 low) marks.
On the other side, reversal from key support will drag the parity higher towards 1.0886, 1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 (March 23, 2016 high) levels respectively.
We prefer to take short position in AUD/NZD only below 1.0725, stop loss 1.0823 and target 1.0651/1.0574 marks.

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**InstaForex Gertrude** · 25-05-16, 04:42

Fxwirepro: Kiwi Gains in Early Asia on the Back of Higher Than expected Trade Balance Data

AUD/NZD is trading around 1.0653 marks.
Pair made intraday high at 1.0667 and low at 1.0634 marks.
Today New Zealand released trade balance data with positive numbers at 292M vs 189M previous release.
Goods exports rose 4.0 percent in April 2016, up $166 million to $4.3 billion, Statistics New Zealand said today. The total value of goods imported in April 2016 was $4.0 billion, up $58 million (1.5 percent). Consumption goods led the rise, up $129 million (14 percent), with increases across a broad range of goods. Intraday bias remains bearish till the time pair holds key resistance at 1.0741 marks.
A daily close below 1.0620 will take the parity down towards key support around 1.0574 (February 12, 2016 low) and 1.0506 marks respectively.
On the other side, a sustained close above 1.0734 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms bearish trend.
We prefer to take short position in AUD/NZD around 1.0670, stop loss 1.0734 and target 1.0574 levels.

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**InstaForex Gertrude** · 26-05-16, 03:34

Fxwirepro: Yen Gains Sharply in Early Asia After Corporate Price Index Data, Intraday Bias Remains Bearish

USD/JPY is currently trading around 109.46 marks.
It made intraday high at 110.23 and low at 109.43 levels.
Today Japan released corporate service price index data with flat numbers at 0.2% m/m as expected.
Intraday bias remains bearish for the moment.
A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
Alternatively, a sustained break below 109.17 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.

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**InstaForex Gertrude** · 26-05-16, 06:19

Abe to bring G7 leaders to Shinto religion site ahead of summit

Japanese Prime Minister Shinzo Abe was poised to tour Group of Seven leaders to the Shinto religion's holiest location ahead of convention discussing different global economic risks, including China's maritime aggressiveness and refugee crisis.
President Barack Obama and other G7 leaders would visit the grounds of Ise Grand Shrine, dedicated to sun goddess Amaterasu Omikami, direct descendants of emperors of Japan.
The Japanese premier hopes the shrine visit will give an insight to the core of Japanese culture. But critics slammed Abe's move, reiterating he caters the conservative base seeking to revive religion in politics and traditional norms.

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**InstaForex Gertrude** · 27-05-16, 04:34

Fxwirepro: Japanese Yen Gains in Early Asia on Robust Core Cpi Data

USD/JPY is currently trading around 109.76 marks.
It made intraday high at 109.79 and low at 109.55 levels.
Today Japan released core CPI data with positive numbers at -0.3% m/m vs -0.4% m/m consensus forecast. Intraday bias remains neutral for the moment.
A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
Alternatively, a sustained break below 109.41 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.

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**InstaForex Gertrude** · 27-05-16, 06:11

Abe poised to defer 2017 sales tax hike - sources

Japanese Prime Minister Shinzo Abe will postpone a national sales tax hike initially planned in April next year.
Government sources disclosed the postponement was caused by woes the tax increase might push the country back into deflation. They added the premier will defer the tax raise by one to three years.
Abe will hold a meeting with Finance Minister Taro Aso Sunday and coalition partner Komeito head Natsuo Yamaguchi Monday to determine the right timing to implement the tax increment.

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**InstaForex Gertrude** · 30-05-16, 04:47

Fxwirepro: Usd/krw Hovers Around Key Resistance at 1194, Intraday Bias Remains Neutral

USD/KRW is currently trading around 1190 levels.
It made intraday high at 1190 and low at 1189 levels.
Intraday bias remains neutral for the moment.
A daily close above 1194 is required to drag the parity higher towards key resistances at 1195, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
Alternatively, a sustained close below 1182 will tests key supports at 1172, 1162, 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Daily chart showing the 20D EMA has crossed over 30D and 55D EMA, which signals bullish trend. In addition, a sustained close above 1194(high as on May 24, 2016) is also required to confirm the same.
Today South Korea released Manufacturing BSI index with positive numbers at 72 m/m vs 69 m/m previous release.
We prefer to take long position in USD/KRW only above 1194, stop loss 1177 and target 1209 marks.

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**InstaForex Gertrude** · 30-05-16, 06:55

Gold hits lowest level since February as Fed implies rate hike

Gold touched its weakest level since February as Federal Reserve Chair Janet Yellen indicated another interest rate hike might be considered in the following months, citing strengthening US economy. The Fed head backed what some policymakers have mentioned last week, that signs of improving US economy meant raising rates could now be taken into account. Bullion for immediate delivery closed at $1,200.03 per ounce, down 1%, the lowest since February 17. Prices, which have dropped for ninth consecutive days, are poised for its biggest monthly decline since 2013.

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**InstaForex Gertrude** · 31-05-16, 07:07

Chinese woes, Fed rate hike force investors to ditch Asian holdings

Chinese economic woes and the Federal Reserve's brewing interest rate hikes have pressured investors to sell its Asian bonds and currencies. An HSBC data indicated a net $3.2 billion ditched equity markets in the region, excluding Japan, the biggest outflow since January. The report added bond markets in Indonesia and South Korea are now receiving huge reverse of inflows, while currencies have slumped sharply. The MSCI Asia-Pacific Index climbed 19% between late January and the end of April in the wake of tailwinds of a dovish Fed, hopes the Chinese economy will recuperate, and stabilization in commodity prices.

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**InstaForex Gertrude** · 01-06-16, 04:50

Fxwirepro: South Korean Won falls on the Back of Lower Than expected Cpi Data

USD/KRW is currently trading around 1190 levels.
Overnight South Korea released CPI data with negative numbers.
South Korea’s May CPI growth Y/Y decreases to 0.8 % (forecast 0.90 %) vs previous 1.0%. In addition, CPI growth M/M decreases to 0.0 % (forecast 0.20 %) vs previous 0.1 %.
On the other side, South Korea’s April current account balance decreases to 5.14 bln $ vs previous 10.07 bln $ (revised from 10.07 bln $).
South Korea’s May trade balance prelim decreases to 7.1 bln $ vs previous 8.80 bln $.
Intraday bias remains bullish till the time pair holds key support at 1177 marks.
A daily close above 1194 is required to drag the parity higher towards key resistances at 1195, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
Alternatively, a sustained close below 1182 will tests key supports at 1172, 1162, 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Daily chart showing the 20D EMA has crossed over 30D and 55D EMA, which signals bullish trend. In addition, a sustained close above 1194(high as on May 24, 2016) is also required to confirm the same.
We prefer to take long position in USD/KRW only above 1194, stop loss 1177 and target 1209 marks.

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