Forex News from InstaForex

**InstaForex Gertrude** · 06-10-16, 03:07

Australia Has A$2.010 Billion Trade Deficit In August

Australia had a merchandise trade deficit of A42.010 billion in August, the Australian Bureau of Statistics said on Thursday - up 5.0 percent on month.

The headline figure exceeded forecasts for a shortfall of A$2.30 billion following the A$2.41 billion deficit in July.

Exports were roughly flat on month, coming in at A$26.856 billion.

Imports also were essentially unchanged at A$28.866 billion.

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

Replacement Samsung Note 7 Unit Catches Fire on U.S. Plane

A replacement Samsung Galaxy Note 7 device, which has been declared safe from overheating by Samsung Electronics Co., reportedly started emitting smoke and caught fire on a Southwest Airlines Plane on Wednesday. The airline confirmed that its flight scheduled to travel from Kentucky to Maryland was evacuated before its take-off due to the incident.

Passenger Brian Green, the owner of the phone, said the Note 7 was a replacement unit issued on September 21. He also said the device was powered down and not charging when it started overheating inside his pocket and started emitting a thick smoke after he tossed it on the floor of the aircraft.

The smartphone maker announced a worldwide recall of about 2.5 million units of its Note 7 smartphones last month due to battery problems that caused some handsets to catch fire, but Samsung said it has identified and fixed the issues.

Samsung Electronics said it was working to retrieve the device and determine the cause. Meanwhile, Federal Aviation Administration confirmed in a statement that a Samsung phone had caused the smoke on the U.S. flight and that it was looking into the incident. The U.S. Consumer Product Safety Commission is also currently investigating the report.

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**InstaForex Gertrude** · 07-10-16, 04:32

Australia Construction Sector Swings To Expansion - AiG

The construction sector in Australia turned to expansion in September, the latest survey from the Australian Industry Group revealed on Friday with a PMI score of 51.4.

That's up sharply from 46.6 in August, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Engineering construction and activity remained strong, while house and apartment construction continued to contract.

Individually, employment, input prices, swelling prices, wages and capacity utilization all expanded, while new orders and deliveries contracted.

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**InstaForex Gertrude** · 07-10-16, 06:26

Verizon seeks $1 billion reduction on Yahoo sale amid privacy scandal

In the advent of hacking and spying reports, Verizon Communications Inc. is asking Yahoo Inc. to reduce the acquisition price by $1 billion, based on a New York Post report, mentioning unknown sources.

A person knowledgeable about the matter divulged Verizon Chief Executive Tim Armstrong is somewhat distressed about Yahoo's insufficient disclosure and contemplating whether to lower the price or withdraw from the deal.

Yahoo, however, is averting any endeavors to negotiate the price lower.

Both firms refused to comment.

Earlier, Yahoo admitted the interception of 500 million accounts in 2014. Then, people privy to the matter said the US government requested the technology company to search emails for any trace of terrorism.

American lawmakers lambasted Yahoo for unacceptable delay in uncovering the hack, pressuring the Securities and Exchange Commission to probe whether Yahoo failed to disclose the incident to investors and the general public.

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**InstaForex Gertrude** · 10-10-16, 05:47

Fxwirepro: Usd/twd Rejects Key Resistance at 31.55, Good to Sell on Rallies

USD/TWD is currently trading around 31.44 marks.
It made intraday high at 31.53 and low at 31.38 marks.
Intraday bias remains bearish till the time pair holds key resistance at 31.55 marks.
A daily close above 31.55 will drag the parity up towards key resistances around 31.68, 31.82, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
On the other side, key support levels are seen at 31.34, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. We prefer to go short on USD/TWD around 31.45, stop loss 31.55 and target of 31.26/31.18.

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**InstaForex Gertrude** · 10-10-16, 06:34

Iraq’s Minister Urges Country’s Producers Raise Output in 2017

Iraq oil minister Jabar al-Luaibi has called for oil and natural gas producers in the nation to keep on increasing output next year, the oil ministry communicated in a statement on Sunday.

The ministry's statement reiterated comments Luabi made to an assembly of Iraq oil industry executives in the city of Basra to assess the ministry's development plans for the oilfields.

The oil minister's comments came as OPEC members are attempting to put into action an agreement to reduce oil output in order to prop-up oil prices. The oil minister also did not refer to the cartel's decision on September 28 to curb oil output to a lower range.

According to the statement, Luaibi affirmed the need to continue increasing oil and gas yields by improving the effort of licensed firms operating in the nation for the rest of 2016 and through 2017.

The oil minister added that foreign firms' oil output targets should be attained within the given timetable and that the ministry is looking to raise associated gas output by adding 350 to 450 million cubic feet a day to the country's production next year.

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**AngelSa** · 10-10-16, 15:10

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**InstaForex Gertrude** · 11-10-16, 03:21

Japan Has Y2,000.8 Billion Current Account Surplus

Japan posted a current account surplus of 2,000.8 billion yen in August, the Ministry of Finance said on Tuesday - an increase of 23.1 percent on year.
The headline figure exceeded forecasts for a surplus of 1,502.7 billion yen following the 1,938.2 surplus in July.
Imports tumbled 18.3 percent on year to 5,058.7 billion yen following the 26.0 percent tumble in July. Exports slid an annual 9.6 percent to 5,301.9 billion yen after sliding 15.7 percent in the previous month.
The trade surplus was 243.2 billion yen, exceeding expectations for 116.5 billion yen although down from 613.9 billion yen in the previous month.
The capital account showed a deficit of 12.8 billion yen following the 46.6 billion yen shortfall a month earlier.
The financial account saw a surplus of 2,922.0 billion yen following the 3,673.7 billion yen surplus in July.
The adjusted current account surplus was 1,975.5 billion yen versus expectations for 1,570.3 billion yen and up from 1,447.8 billion in the previous month.

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**InstaForex Gertrude** · 12-10-16, 04:34

Fxwirepro: Usd/krw Hits Fresh 4-Week High at 1,124, Faces Strong Resistance at 1,127

USD/KRW is currently trading around 1,123 levels.
It made intraday high at 1,124 and low at 1,123 marks.
Intraday bias remains bullish till the time pair holds key support at 1,117 levels.
A daily close above 1,127 will drag the parity higher towards key resistances at 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
On the other side, a sustained close below 1,117 will test key supports at 1,107/1,101/1,089/1,078/1,063/1,044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.12 percent higher at 2,034.26 points.
South Korea’s September unemployment rate increase to 4.0 % vs previous 3.8 %.
We prefer to go long on USD/KRW only above 1,124, stop loss 1,111 and target 1,142.

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**InstaForex Gertrude** · 12-10-16, 06:26

Samsung Announces Total Discontinuation of Galaxy Note 7 Production Over Safety Concerns

Crisis-hit Samsung Electronics Co. announced on Tuesday that it is permanently halting the production and sale of its flagship Note 7 smartphone, less than two months after its launch over persisting battery safety issues.

The tech giant stated in a filing with South Korean regulators that has decided to scrap the Note 7 after a new wave of reports of replacement devices overheating and catching fire, which were supposedly safe and free from battery defects. The move caused Samsung's share to tumble 8%, clearing almost $20 billion off the smartphone maker's market value and recording its biggest one-day decline since 2008.

The decision to stop Note 7 production comes after the South Korean conglomerate had halted sales and exchanged of the device earlier on Tuesday and called on customers to stop using the smartphone due to the reported safety issues.

Analysts state that permanently pulling note 7 off the shelves could cost the company up to $17 billion and could raise doubts about Samsung's quality control.

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**InstaForex Gertrude** · 13-10-16, 06:00

U.S. Stocks Flat After Fed Minutes

The majority of the U.S. stocks were flat while the Federal Reserve minutes gave investors some indication as to when the next-rate increase would be. The minutes from the Fed's September meeting has shown that several of the policy makers called for the rate hike as “relatively soon”, however members disagreed on the timing of the move.

The Dow Jones Industrial Average was up 0.1 percent to 18144.20. The S&P inched up 0.1 percent to 2139.18 and the Nasdaq Composite fell 0.1 percent to 5239.02. Real-estate stocks in the S&P 500 climbed 1.3 percent as utility stocks advanced by one percent. Investors are currently turning their attention to the earnings.

Alcoa declined by 2.9 percent to $27.11 a day. Illumina was down two percent to 136.18. Health-care stocks in the S&P 500 drove declines for the second consecutive session as the Nasdaq Biotechnology Index retreated by 2.5 percent. The yield on the 10-year U.S. Treasury note increased to 1.778 percent after investors found meager hints in the Fed minutes to confirm expectations of a rate hike in December.

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**InstaForex Gertrude** · 14-10-16, 06:32

Verizon Says Yahoo Email Data Breach Could Sink Deal

Verizon Communications Inc.'s attorney Craig Silliman told reporters that the U.S. wireless company has a rational basis to think Yahoo Inc.'s recent disclosure of a massive data breach of more than 500 million of its email accounts represented a material impact that could allow Verizon to pull out of its $4.38 billion deal to acquire the tech firm.

General Counsel Silliman told press people during a roundtable in Washington that the email breach could activate a clause within the agreement that would allow the Verizon to change the terms of the takeover or not press on with it. The counsel, who has been leading Verizon's review of the situation, refused to comment whether discussions are being held to renegotiate the acquisition price.

The takeover deal has a clause that states Verizon can withdraw from the agreement if a new development which could have a tangible and adverse effect on the business surfaces.

A Yahoo spokesperson expressed the company's confidence in Yahoo's value and that they will continue to make progress towards integration with Verizon.

Yahoo's shares closed down 1.75% at $41.62 while Verizon's shares were flat at $50.29, inching down 0.02%.

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**InstaForex Gertrude** · 17-10-16, 04:48

UK House Prices Climb 0.9% In October - Rightmove

The average asking price for a house in the United Kingdom was up 0.9 percent on month in October, property tracking website Rightmove said on Monday - coming in at 309,122 pounds.

That follows the 0.7 percent increase in September.

On a yearly basis, house prices jumped 4.2 percent, up from 4.0 percent in the previous month.

The number of sales agreed jumped 6.0 percent on year.

By region, total available stock in the south jumped an annual 16 percent, while stock in the north dropped 11.0 percent.

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**InstaForex Gertrude** · 18-10-16, 06:01

Fxwirepro: Usd/krw Rejects Key Resistance at 1,142, Bias Remains Neutral

USD/KRW is currently trading around 1,131 levels.
It made intraday high at 1,133 and low at 1,130 marks. Intraday bias remains neutral till the time pair holds key resistance at 1,142 levels.
A daily close above 1,142 will drag the parity higher towards key resistances at 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
On the other side, a sustained close below 1,128 will test key supports at 1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.28 percent higher at 2,033.46 points. We prefer to go long on USD/KRW around 1,130, stop loss 1,117 and target 1,142/1,152.

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**InstaForex Gertrude** · 18-10-16, 06:40

Oil Prices Fall as Market Awaits OPEC Intervention

Oil prices edged down on Monday amid growing indications of noncooperation among OPEC members after the group's deal to reduce supply and market speculation that any benefit the oil market has gained from the agreement has already been priced in.

U.S. crude futures lost 41 cents or 0.81%, settling down at $49.94 a barrel while Brent crude futures shed 43 cents or 0.83% down to $51.52 a barrel. Gasoline futures posted a smaller decline, inching down 0.08% at $1.4924 a gallon. Diesel futures also settled down 1.12 cents or 0.71% to $1.15561 a gallon.

While OPEC's plan to cut production last month has lifted oil markets in the recent weeks, its lack of details on how much each participating nation will be required to cut and conflicts over how the cartel computes countries' production is seen to hamper the deal.

On Monday, Ali Kardor, managing director of National Iranian Oil Co. deemed output estimates compiled by OPEC to be unacceptable, adding that Iran has produced than what the cartel has reported in the previous month.

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**InstaForex Gertrude** · 27-10-16, 06:11

Fxwirepro: South Korean Won Opens Onshore Trade at 1,139.0 Per Dollar; Stay Bullish

USD/KRW is currently trading around 1,138 levels.
It made intraday high at 1,139 and low at 1,136 marks.
Intraday bias remains bullish till the time pair holds key support at 1,125 levels. A daily close above 1,135 will drag the parity higher towards key resistances at 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
On the other side, a sustained close below 1,125 will test key supports at 1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
In addition, South Korea’s Kospi was trading around 0.24 percent higher at 2,018.46 points.
We prefer to go long on USD/KRW only above 1,138, stop loss 1,117 and target 1,152/1,168.

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**InstaForex Gertrude** · 27-10-16, 06:30

Galaxy Note 7 Failure Weighs on Samsung’s Third-Quarter Profit

Samsung Electronics Co. Ltd. reported a net profit drop of 16.8% to 4.54 trillion Korean won or $4.0 billion during the third quarter, as the problematic recall and discontinuation of its Galaxy Note 7 smartphone trimmed the tech firm's mobile earnings to its lowest level in almost eight years.

Samsung's mobile operating profit sank 96% from a year prior to 100 billion won after the Galaxy Note 7 was pulled from the market due to reported incidents of overheating. The company initiated a global recall on September 2 to replace the units, but decided to scrap the smartphone altogether on October 11 as reports that Note 7 are still fire-prone surfaced.

Total operating profit for the third quarter plunged 30% to 5.2 trillion won, a steep decline from almost 7.4 trillion won a year prior. Meanwhile, revenue declined 7.5% to 47.82 trillion won. The South-Korean company had initially projected a 7.8 trillion won profit but trimmed its guidance, adjusting the figures to reflect the losses sustained from the withdrawal of the Note 7.

Still, the company had an optimistic outlook for the fourth quarter and expects the earnings to regain ground and to reach the same level seen during the fourth quarter of 2015.

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**InstaForex Gertrude** · 02-11-16, 03:48

Fxwirepro: Usd/krw Hovers Around 1,148 Mark; Stay Bullish

USD/KRW is currently trading around 1,147 levels.

It made intraday high at 1,148 and low at 1,145 marks.

Intraday bias remains bullish till the time pair holds key support at 1,138 levels. A daily close above 1,148 will drag the parity higher towards key resistances at 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.

On the other side, a sustained close below 1,138 will test key supports at 1,127/1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.

In addition, South Korea’s Kospi was trading around 1.14 percent lower at 1,984.54 points.

We prefer to go long on USD/KRW only above 1,148, stop loss 1,138 and target 1,162.

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**InstaForex Gertrude** · 03-11-16, 03:34

Australia Has A$1.227 Billion Trade Deficit

Australia had a seasonally adjusted merchandise trade deficit of A$1.227 billion in September, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a shortfall of A$1.70 billion following the upwardly revised A$1.894 billion deficit in August (originally -A$2.010 billion).

Exports were up 2.0 percent on month to A$27.254 billion after coming in at A$26.828 billion in the previous month.

Imports dipped 1.0 percent on month at A$28.481 billion after coming in at A$28.722 a month earlier.

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**InstaForex Gertrude** · 04-11-16, 05:19

Starbucks Shares Advance After Posting Higher Quarterly Revenue

Shares of Starbucks rose as much as 6%, before trading 0.9% higher at $52.30 in extended trading after posting quarterly results that beat estimates, easing concerns that the world's biggest coffee chain had fallen into a widespread restaurant slump.

The company reported adjusted earnings of 56 cents per share on $5.71 billion total revenue. Topped expectations of $5.68 billion revenue with 55 cents per-share earnings. In the same period during the previous year, Starbucks saw a $4.91 billion revenue and earned 43 cents per share.

Net income during the fourth quarter rose to $801 million or 54 cents per share, compared to the $625.5 million or 43 cents per share a year prior.

Despite the upbeat quarterly report, the coffee seller issued a cautious revenue guidance for the financial year of 2017. Starbucks projected net earnings of 50-51 cents per share during the first quarter which covers the holiday season, lower than expected profit of 55 cents per share.

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