Forex News from InstaForex

**InstaForex Gertrude** · 22-11-13, 06:07

Pound At New 2-week High Against Franc

The British currency climbed against the Swiss franc in early Asian deals on Friday.
The pound spiked up to 1.4800 against the franc, its highest since November 7. At yesterday's close, the pair was worth 1.4786. The next upside target for the pound-franc pair lies around the 1.49 area.

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**InstaForex Gertrude** · 25-11-13, 08:04

Canadian Dollar Hits Near 4-week Low Versus Euro

The Canadian dollar drifted lower against the European currency in early Asian trading on Monday.
The loonie touched 1.4303 against the euro, its lowest level since October 31. On the downside, the loonie may eye support around the 1.45 area. The pair was worth 1.4260 at Friday's close.

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**InstaForex Gertrude** · 26-11-13, 06:56

Philippine Imports Surge 7.2% In September

The Philippines imported goods worth $5.711 billion in September, an increase of 7.2 percent from a year earlier, data from the National Statistics Office showed Tuesday.
Total external trade in goods reached $10.756 billion during the month, representing a 6.1 percent increase from last year. Exports grew 4.9 percent annually.
Thus, the balance of trade in goods for the country registered a deficit of $666 million, higher than $516 million deficit in the same period last year.

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**InstaForex Gertrude** · 27-11-13, 05:33

Australian Dollar Falls To 3-month Low Against Euro

The Australian dollar slipped against the euro in early Asian deals on Wednesday.
The aussie hit 1.4901 against the euro, a level last seen on August 29. The next possible support for the aussie is seen around the 1.50 level. The pair was worth 1.4863 at yesterday's close.

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**InstaForex Gertrude** · 28-11-13, 05:45

Seoul Shares on Track for a Fourth Straight Winning Session

The Korea Composite Stock Price Index (KOSPI) gained 0.7 percent to 2,042.60 points as of 0200 GMT after touching an intraday high of 2,046.27, its highest since , fuelled by a strong U.S. consumer confidence survey that boded well for South Korean exporters' sales to their second largest market.

"In the past 10 years KOSPI had mirrored the U.S. year-end consumption season to rise 4 percent on average, and with consumer confidence picking up, the outlook seemd quite rosy for this year as well," said Chung Seung-jae, an analyst at Mirae Asset Securities.

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**InstaForex Gertrude** · 29-11-13, 06:34

South Korea Industrial Production Rebounds In October

Industrial production in South Korea rebounded in October, the latest figures from Statistics Korea revealed Friday.
After adjusting to seasonal variations, industrial production expanded 1.8 percent month-on-month in October, partly recovering from a 2.3 percent slump in September. Manufacturing output grew 2 percent after a 2.5 percent decline a month earlier.
On an unadjusted basis, industrial output rose 3 percent month-on-month following a 3.9 percent drop in September. Manufacturing was also up 3 percent from a month earlier in unadjusted terms.
On an annual basis, manufacturing production grew 3 percent after a 4 percent contraction in September.

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**InstaForex Gertrude** · 02-12-13, 05:35

Canadian Dollar Falls To 4-day Low Against Yen

The Canadian dollar drifted lower against the Japanese yen in early Asian deals on Monday.
The loonie touched a 4-day low of 96.29 against the yen, down from last week's closing quote of 96.42. The loonie is likely to face support at the 95.00 area.

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**InstaForex Gertrude** · 04-12-13, 08:40

Hong Kong Nov Pmi Hits 10-Month High As New Orders, Output Increase

New business from China expands for the first time in 10 months
Strongest increase in output since January
Employment contracts for ninth consecutive month

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**InstaForex Gertrude** · 05-12-13, 05:45

Australian Dollar Edges Up Against Canadian Dollar

The Australian dollar ticked up against the Canadian dollar in early Asian deals on Thursday.
The aussie rose to 0.9653 against the loonie, bouncing off from an early low of 0.9624. The next possible upside target for the aussie-loonie pair lies around the 0.975 mark.

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**InstaForex Gertrude** · 06-12-13, 06:15

NZ Dollar Off 2-day High Against US Dollar

The New Zealand dollar that advanced to a 2-day high of 0.8234 against the US dollar at the beginning of Friday's Asian session erased some of its gains subsequently.
Near-term downside target for the kiwi-greenback pair is seen around the 0.8170 level, its horizontal channel trend-line area and the likelihood of a bullish resumption could help breaking the 0.8260 resistance.

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**InstaForex Gertrude** · 09-12-13, 06:38

NZ Dollar Trades Higher Against Majors

The New Zealand dollar firmed against its major rivals in Asian deals on Monday.
The kiwi reached a 5-day high of 1.6473 against the euro and near a 3-week high of 0.8322 against the greenback.
The kiwi approached 1.0963 against the aussie for the first time since November 2008. Against the yen, the kiwi advanced to near an 8-month high of 85.75.
The next possible upside target for the kiwi is seen around 0.84 against the greenback, 87.00 against the yen, 1.08 against the aussie and 1.635 against the euro.

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**InstaForex Gertrude** · 10-12-13, 06:16

Philippine Export Growth Accelerates In October

Philippine export growth quickened in October, data released by the National Statistics Office revealed Monday.
Exports grew 14 percent year-on-year in October following a 5.1 percent gain in September. Economists had forecast an 8.3 percent increase.
However, shipments fell 0.6 percent month-on-month. This followed a solid 10.4 percent growth in September.
Exports of electronic products, accounting for 42.9 percent of the total exports revenue in October, grew 13.4 percent from a year earlier. On a monthly basis, electronic shipments rose 0.4 percent.

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**InstaForex Gertrude** · 11-12-13, 05:33

Canadian Dollar Hits 2-day High Against Euro

The Canadian dollar climbed against the European currency in early Asian deals on Wednesday.
The loonie hit a 2-day high of 1.4583 against the euro, after having reached lowest level of 1.4646 in near 5 years on Tuesday. The next possible upside target for the loonie lies around the 1.44 zone.

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**InstaForex Gertrude** · 12-12-13, 06:32

Australia Inflationary Expectations Rise Slightly

Inflation expectations among Australian consumers increased slightly in December, a monthly survey by the Melbourne Institute revealed Thursday.
The expected inflation rate rose to 2.1 percent in December from 1.9 percent in November. It is now just above the lower bound of the Reserve Bank of Australia's (RBA) target band of 2-3 percent.
The survey also included quarterly information on past and future pay growth. Actual pay growth over the 12 months to December rose to 3.3 percent from 2.1 percent in the 12 months to September.
Expected pay growth in the coming 12 months rose to 3.2 percent from 2.7 percent in September.

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**InstaForex Gertrude** · 13-12-13, 05:59

Malaysian Ringgit Drops To 2-week Low Against US Dollar

The Malaysian ringgit extended its 2-day losing streak against its US counterpart in early Asian trading on Friday, falling to a 2-week low of 3.2392, down from 3.2305 hit late New York Thursday.
The near-term support for the ringgit is seen around the 3.24 area, a level last seen in early October.

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**InstaForex Gertrude** · 16-12-13, 07:20

Yen Strengthens Against Majors

The Japanese yen climbed against other major currencies in Asia on Monday.
The yen reached a 10-day high of 167.34 against the pound, 5-day high of 141.21 against the euro, 4-day highs of 102.64 against the greenback and 115.53 against the franc.
The yen is likely to face upside target around 101.6 against the greenback, 114.00 against the franc, 166.00 against the pound and 140.00 against the euro.

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**InstaForex Gertrude** · 17-12-13, 08:11

Yen Climbs Against U.S. Dollar

The Japanese yen advanced against the U.S. dollar in Asian trading on Tuesday.
The yen rose to 102.91 against the greenback, up from an early low of 103.10. The next possible resistance for the yen is seen around the 102.00 zone.

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**InstaForex Gertrude** · 18-12-13, 08:42

Malaysian Ringgit Declines To 2-1/2-month Low Against U.S. Dollar

The Malaysian Ringgit fell sharply against the U.S. dollar in Asia on Wednesday as traders await the Federal Reserve's decision on monetary policy due later in the day.

The ringgit hit 3.2560 against the greenback for the first time since October 4. If the ringgit slides further, it may face support at the 3.28 zone. The pair finished trading at 3.2485 yesterday.

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**InstaForex Gertrude** · 19-12-13, 08:54

Pound Hits 2-week High Against Euro

The pound gained ground against the euro in Asian deals on Thursday.
The pound reached 0.8339 against the euro, its highest since December 5. The pound is poised to seek resistance around the 0.827 mark. The pair was worth 0.8355 at yesterday's close.

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**InstaForex Gertrude** · 20-12-13, 09:16

New Zealand's Credit Card Spending Rises In November

New Zealand's credit card spending increased sharply in November, the latest data released by the Reserve Bank of New Zealand showed Friday.
Card spending rose 3.5 percent month-on-month in November following a 0.5 percent fall in the preceding month. Year-on-year, spending grew 6.9 percent.
Domestic billings on New Zealand issued cards rose 3.9 percent on a monthly basis and overseas billings on domestically issued cards increased 4.1 percent.

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