Forex News from InstaForex

**InstaForex Gertrude** · 13-12-16, 04:41

China Industrial Output Jumps 6.2% In November

Industrial production in China was up 6.2 percent on year in November, the National Bureau of Statistics said on Tuesday.

That exceeded expectations for an increase of 6.1 percent, which would have been unchanged from the October reading.

The bureau also said that retail sales jumped an annual 10.8 percent - again topping forecasts for 10.2 percent and up from 10.0 percent in the previous month.

Also, fixed asset investment advanced 8.3 percent on year - in line with expectations and unchanged from the previous month.

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**InstaForex Gertrude** · 13-12-16, 05:24

U.S. Stocks Lower as Dow Hits Record Close

Stocks ended mostly lower as oil prices surged and Treasury yields jumped prior to the Federal Reserve meeting. The Dow Jones Industrial Average reached a 15th record finish, while financial firms pulling down major U.S. stock indexes.

The Dow Jones Industrial Average gained 0.2 percent at 19,796.43, the S&P 500 slipped 0.11 percent at 2,256.96 while the Nasdaq Composite fell 0.59 percent at 5,412.54. The blue-chip index climbed for the sixth straight session to reach another record high, as advances in Exxon Mobil and Johnson & Johnson helped counterbalance the lows in American Express and Goldman Sachs Group. The S&P 500's financial sector finished lower in four sessions since Nov. 8. The Nasdaq Biotechnology Index edged down 0.7 percent.

Energy shares rallied alongside oil prices following an announcement from a group of oil producers who agreed to reduce their output with the Organization of Petroleum Exporting Countries. The S&P 500's energy sector gained 0.7 percent. Exxon Mobil was up 2.2 percent to $90.98. FMC Technologies climbed two percent to 36.08 while Helmerich & Payne added 1.7 percent to 83.18.

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**InstaForex Gertrude** · 15-12-16, 02:57

Australia Jobless Rate Climbs To 5.7%

The unemployment rate in Australia was a seasonally adjusted 5.7 percent in November, the Australian Bureau of Statistics said on Thursday.

That missed forecasts for 5.6 percent, which would have been unchanged from the October reading.

The Australian economy added 39,100 jobs in November, far surpassing forecasts for a gain of 17,500 following the addition of 9,800 jobs in the previous month.

The participation rate jumped to 64.6 percent, beating expectations for 64.5 percent and up from 64.4 percent a month earlier.

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**InstaForex Gertrude** · 15-12-16, 05:25

GM, Ford Shares Tumble After Report China Will Penalize Unnamed U.S. Carmaker

Shares of U.S. automakers stumbled after Zhang Handong, a senior Chinese state planning official, cautioned that Beijing could slap penalties on an unnamed U.S. carmaker over price-fixing.

The warning, which was delivered via the China Daily newspaper, came in the heels of U.S. President-elect Donald Trump's remarks questioning whether America should standby its commitment to the “One China” policy.

Chinese authorities have been probing and reviewing the pricing practices of carmakers ahead of Trump's remarks, sources stated.

Trump's controversial remarks which have broken diplomatic protocols have shaken U.S. corporations who are dependent on the steady U.S.-sino relations. A spokesperson for Trump's transition team said they are aware of the report but stated that it would be premature to respond.

GM shares lost 2.2% while Ford fell 1.0% following the report's publication. In a statement, GM did not confirm if it was being investigated by the Chinese government. Meanwhile, Ford's Asia-Pacific business said the firm was not knowledgeable of the issue.

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**InstaForex Gertrude** · 16-12-16, 03:24

Fxwirepro: Eur/krw Breaks Key Support at 1,232 Mark, Stay Bearish

EUR/KRW is currently trading around 1,230 mark.
Pair made intraday high at 1,232 and low at 1,229 levels.
Intraday bias remains bearish till the time pair holds immediate resistance at 1,242 mark.
A sustained close above 1,242 will take the parity higher towards key resistance around 1,255, 1,260, 1,269 and 1,272 marks respectively.
On the other side, a consistent close below 1,230 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Seoul shares open up 0.03 pct at 2037.35.
We prefer to go short on EUR/KRW around 1,235 with stop loss at 1,242 and target of 1,222/1,209.

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**InstaForex Gertrude** · 16-12-16, 04:55

Oil Prices Rise on Reports of Kuwait’s Deeper-than-Expected Production Cuts

Oil prices rose on Friday as sentiment was lifted by reports that Kuwait was cutting its production by more than initially anticipated beginning January as it fulfills its commitment to a coordinated effort by crude producers to curb a global oil glut.

International Brent crude oil futures traded up 20 cents or 0.37% from their last close at $54.22 per barrel. U.S. WTI crude futures also rose 24 cents or 0.47%, trading at $51.14 per barrel.

Prices edged up after OPEC member Kuwait told its customers that it will reduce its supply starting January as part of its commitment to a deal between OPEC and other producers to lower output by around 1.8 million bpd to help rebalance the oil markets.

Kuwait Petroleum Corporation stated that it has told its customers that it will cap its production in accordance with the OPEC deal. Traders observed that prices rose as KPC indicated that it was cutting supplies more than previously anticipated and beyond the operational capacity

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**InstaForex Gertrude** · 19-12-16, 03:33

Japan November Trade Surplus Y152.513 Billion

Japan posted a merchandise trade surplus of 152.513 billion yen in November, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 227.4 billion yen following the 496.2 billion yen surplus in October.

Exports were down 0.4 percent on year to 5.956 trillion yen, beating expectations for a decline of 2.3 percent following the 10.3 percent fall in the previous month.

Exports to all of Asia gained 3.4 percent on year to 3.235 trillion yen, while exports to China alone climbed 4.4 percent to 1.103 trillion yen.

Exports to the United States skidded an annual 1.8 percent to 1.211 trillion yen, while exports to the European Union slid 2.2 percent to 633.258 billion yen.

Imports slipped an annual 8.8 percent to 5.804 trillion yen versus expectations for a decline of 12.1 percent following the 16.5 percent tumble a month earlier.

Imports from the rest of Asia dropped 7.7 percent on year to 2.883 trillion yen, while imports from China alone slid 9.9 percent to 1.4876 trillion yen.

Imports from the United States fell 5.1 percent to 630.121 billion yen, while imports from the European Union dropped 13.3 percent to 716.954 billion yen.

The adjusted trade surplus was 536.1 billion yen, missing expectations for 590.5 billion yen and up from 474.3 billion yen in October.

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**InstaForex Gertrude** · 19-12-16, 05:18

Japan Exports Edged Up in November as Yen Weakens

Japan's export performance rose robustly in November as the yen continued to weaken and the improvement in overseas demand buoyed shipments from the trade sector. Exports slipped 0.4 percent in the year to November, according to the Ministry of Finance (MOF) data. However, it exceeded economists' expectations of a 2.0 percent annual decline.

The value of exports to China increased at an annual 4.4 percent, the first rise in nine months as a result of higher shipments of automobile parts. Exports in terms of volume climbed 7.4 percent from a year earlier, as external demand begin to show signs of regaining ground. Data has shown that exports dropped in November at a slower pace due to the declining value of car and steel shipments in comparison to the previous month. Exports to the United States edged down 1.8 percent year-on-year against the 11.2 percent annual decline in October.

The trade balance arrived at a surplus of 152.5 billion yen ($1.29 billion). The yen dropped 8.4 percent in November, which resulted in pulling up the value of Japanese exports.

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**InstaForex Gertrude** · 22-12-16, 05:06

New Zealand GDP Expands 1.1% In Q3

New Zealand's gross domestic product was up 1.1 percent on quarter in the third quarter of 2016, Statistics New Zealand said on Thursday.

That beat forecasts for an increase of 0.8 percent following the 0.7 percent gain in the previous three months.

Business services advanced 2.0 percent on quarter, due to scientific, architectural and engineering services, the bureau said.

Transport was up 3.7 percent, due to increases in road, air, and transport support services.

Manufacturing was up 1.2 percent, due to food, beverage, and tobacco manufacturing; and transport equipment, machinery and equipment manufacturing.

Construction was up 2.1 percent, due to increases in all the construction sub-industries. In all, 13 of the 16 GDP industries saw an increase in the third quarter.

Expenditure on gross domestic product grew 1.4 percent in Q3.

Household consumption expenditure was up 1.6 percent, driven by spending on services and non-durable goods.

Investment in fixed assets was up 1.4 percent, due to increased investment in transport equipment and residential building. Exports of goods and services fell 0.7 percent.

Imports of goods and services added 1.2 percent, due to imports of transport equipment, including aircraft purchases.

Inventories ran down $200 million, due to a decrease in manufacturing inventories.

Also on Thursday, the bureau said that New Zealand posted a seasonally adjusted current account deficit of NZ$1.899 billion in the third quarter of 2016.

The services surplus fell NZ$16 million to NZ$1,006 million in the third quarter. The investment income deficit added NZ$71 million to NZ$2,040 million in the latest quarter.

The balance of goods was a NZ$686 million deficit (NZ$190 million larger than Q2 deficit).

For the year ended September 2016, the current account deficit was NZ$7.5 billion.

New Zealand's external debt position was NZ$148.5 billion (58.0 percent of GDP) at 30 September 2016, up from a revised NZ$141.4 billion (55.9 percent of GDP) at 30 June 2016.

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**InstaForex Gertrude** · 23-12-16, 03:48

Fxwirepro: Usd/krw Remains Well supported Above 1,200 Mark, sustained Close Above 1,206 Targets 1,220

USD/KRW is currently trading around 1,203 levels.

It made intraday high at 1,203 and low at 1,201 marks.

Intraday bias remains neutral till the time pair holds key support at 1,195 levels.

A daily close above 1,206 will drag the parity higher towards key resistances at 1,209 (20D EMA), 1,220 (March 03, 2016 high) and 1,244 marks respectively.

On the other side, a sustained close below 1,195 will test key supports at 1,182/1,172/1,168/1,160/1,152/1,146/1,132/1,127/1,117/1,111/1,101 levels respectively.

Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position in USD/KRW around 1,201, stop loss at 1,195 and target of 1,220/1,228.

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**InstaForex Gertrude** · 03-01-17, 03:40

Philippines Manufacturing PMI Slows In December - Nikkei

The manufacturing sector in the Philippines continued to expand in December, although at a slower rate, the latest survey from Nikkei revealed on Tuesday with a PMI score of 55.7.

That's down from 56.3 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output growth quickened while total new orders rose at a slower rate.

Vendor performance deteriorated for the first time in survey history, while input cost inflation was at a survey record high.

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**InstaForex Gertrude** · 03-01-17, 05:37

Tesla Postpones Brexit Price Increases for U.K. Buyers

The plans of Tesla Motors Inc. to raise prices by five percent in the U.K. was postponed until Jan. 15 from the initial start of the year deadline, according to its latest statement. Vehicles that were previously ordered and built by mid-April will still have free access to to the firm's Supercharger battery network which is otherwise subject to new fees.

Tesla is raising prices in Britain in regards to the pound's decline since the U.K.'s referendum in June to leave the European Union. The Palo Alto has given clients a week's notice of the change. According to its website, the Model S currently costs 58,900 pounds ($72,400), that claims drivers save nearly 6,500 pounds on gasoline and taxes in a five-year period.

Consumers from the U.K. were hit by price increases from several firms since the June's referendum. Apple Inc. increased the price of a few of its laptops by almost 20 percent, while Tesco Plc pulled out items from its shelves in October as a result of the Brexit-inspired price discord with Unilever Plc.

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**InstaForex Gertrude** · 04-01-17, 04:44

Japan Manufacturing Sector Picks Up Steam - Nikkei

The manufacturing sector in Japan continued to expand in December and at a faster rate, the latest survey from Nikkei revealed on Wednesday with a manufacturing PMI score of 52.4.

That's up from 51.3 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, operating conditions improved at the sharpest rate since December 2015. Production and new orders both expanded at their quickest rates of the year.

In addition, cost inflationary pressures accelerated to a 17-month high.

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**InstaForex Gertrude** · 04-01-17, 05:12

Gold Prices Edge Down as Dollar Hovers Near 14-Year Highs

Gold prices were lower after reaching a three-week peak during the previous session, as the U.S. dollar wavered near 14-year highs against a basket of major currencies. Spot gold was 0.2 percent lower at $1,156.96 per ounce.

U.S. gold futures slid 0.4 percent to $1,157.70 an ounce. The dollar index was last at 103.34 after rising to 103.82 the previous day, its strongest since December 2002. Holdings of the SPDR Gold Trust fell 1.01 percent to 813.87 tonnes. In December, $2.27 billion was pulled out of the world's biggest exchange-traded fund backed by the precious metal. This was the the third consecutive monthly loss and the largest since May 2013.

Platinum futures climbed by over four percent at $944.20 per troy ounce while palladium was 3.9 percent higher at $709.90 per troy ounce. Silver prices closed up 2.6 percent to $16.409 per troy ounce.

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**InstaForex Gertrude** · 05-01-17, 03:20

Singapore Private Sector PMI Slows In December - Nikkei

The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from Nikkei revealed on Thursday with a PMI score of 52.0.

That's down from 52.8 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, expansion in both output and total new orders continued at slower rates, although employment climbed at a survey record pace.

December also saw the largest recorded monthly increase in changes amid rising costs.

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**InstaForex Gertrude** · 05-01-17, 05:47

Gold Reaches 4-Week Peak as Dollar Slips

Gold climbed to its highest level in four weeks as the U.S. dollar fell from its 14-year high it previously touched. Spot gold rose 0.4 percent at $1,167.98 per ounce.

U.S. gold futures were up 0.3 percent to $1,168.70 an ounce. The dollar index edged down 0.5 percent to 102.170. The relatively weaker dollar lifted gold prices higher. The precious metal is priced in dollars and also becomes cheaper for foreign buyers when the U.S. currency weakens. Gold imports to Turkey increased to 36.7 tonnes in December, higher from 4.65 tonnes during the same period in the previous year, according to data from the Istanbul bourse. Perth Mint's sales of gold products climbed in December as sales of silver more than halved.

Holdings of the SPDR Gold Trust fell by nearly 14 percent since the U.S. presidential election in November. It was last unchanged at 813.87 tonnes.

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**InstaForex Gertrude** · 06-01-17, 05:31

Bitcoin Slides Over 23% After Scaling Record-High Levels

The bitcoin fell as much as 23% after bordering a historic high earlier in the trading session.

According to Coindesk data, the cryptocurrency exchanged as low as $887.47, retreating from the day's peak price of $1, 153.02. The high for the session was close to the $1,165.89 hit on November 30, 2013. The price managed to regain footing from the low to around $973.89.

Still, the digital currency managed to top its high on some cryptocurrency exchanges. In contrast to CoinDesk price index which takes into account a number of bitcoin exchanges, individual exchanges reported their own highest prices were surpassed. Among these was the BTC China.

Experts say the rally surge in bitcoin prices created a 'volatile little bubble' which has now broken down. Despite this, industry experts say the long-term outlook for the e-currency continues to be positive. Bitcoin prices are anticipated to regain footing and steady close to the $850 to $1, 000 range depending on the conditions.

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**Williams Taylor** · 08-01-17, 01:29

Anyone who truly hates his own money is going to invest here, as such arrogant support is here especially the Anti-Fraud department, it deserves an Oscar for arrogance, and I truly and deeply hate it! And, it’s my humble request to innocent traders not to waste money here.

**InstaForex Gertrude** · 09-01-17, 05:40

Gold Prices Flat on U.S. Rate Hike Expectations

Gold prices were under pressure early on Monday, after slipping from a one-month peak the previous week on prospects of further interest rate hikes, as investors focus on more outlooks from the U.S. Federal Reserve. Spot gold was stable at $1,173.06 per ounce. U.S. gold futures were flat at $1,173.80 per ounce.

The dollar index inched up 0.1 percent at 102.27. The latest data showed that U.S. employment climbed less than expected in December however, a rebound in wages indicated sustained labor market momentum which sets the economy for robust growth and more interest rate hikes in 2017. Hedge funds and money managers trimmed their bullish position in COMEX gold contracts for the eighth consecutive week in the week to Jan. 3, according to the U.S. Commodity Futures Trading Commission (CFTC) data.

Gold demand in Asia picked up last week on wedding season purchases in India, as prices moved to a premium in the country for the first time in more than a month. Traders anticipate demand to strengthen as a result of the upcoming Chinese New Year.

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**InstaForex Gertrude** · 10-01-17, 03:11

China CPI Rises 2.1% In December

Consumer prices in China were up 2.1 percent on year in December, the National Bureau of Statistics said on Tuesday.

That was shy of expectations for 2.2 percent, and down from 2.3 percent in November.

On a monthly basis, inflation added 0.2 percent after gaining 0.1 percent a month earlier.

The bureau also said that producer prices jumped an annual 5.5 percent versus expectations for 4.6 percent and up from 3.3 percent in the previous month.

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