IFX Matthias Posted November 8, 2012 Share Posted November 8, 2012 Japan Core Machine Orders Contract 4.3% Core machine orders in Japan fell a seasonally adjusted 4.3 percent on month in September to 686.2 billion yen, the Cabinet Office said on Thursday - falling for the second straight month. The headline figure missed forecasts for a decline of 2.1 percent following the 3.3 percent contraction in August and the 4.6 percent increase in July. On a yearly basis, core machine orders shed 7.8 percent - also missing expectations for a 4.9 percent decline following the 6.1 percent fall in the previous month and the 1.7 percent increase in July. The total number of machinery orders, including those volatile ones for ships and from electric power companies, saw a gain of 9.6 percent on month and a fall of 7.8 percent on year in September to 1,810.6 billion yen. Manufacturing orders added 2.8 percent on month and lost 12.7 percent on year to 286.8 billion yen in September, while non-manufacturing orders gained 1.3 percent on month but lost 4.7 percent on year to 435.7 billion yen. Government orders surged 22.4 percent on month and 29.3 percent on year to 263.8 billion yen. Orders from overseas were flat on month and down 18.4 percent on year to 626.4 billion yen. Orders from agencies collected 4.0 percent on month but lost 3.6 percent on year to 84.7 billion yen. For the third quarter of 2012, core machine orders were down 1.1 percent on quarter and 4.6 percent on year to 2,145.6 billion yen. The forecast for the fourth quarter of 2012 suggests a gain of 5.0 percent on quarter and 7.6 percent on year. Also on Thursday: .Japan posted a current account surplus of 503.6 billion yen in September, the Ministry of Finance said, below forecasts for a surplus of 761.3 billion yen but up from 454.7 billion yen in August. The headline figure was down 68.7 percent on year, also missing forecasts for a decline of 52.7 percent following the 4.2 percent increase in the previous month. The trade deficit came in at 471.3 billion yen, up from the 644.5 billion yen shortfall a month earlier. Exports were down 10.5 percent on year to 5.104 trillion yen, while imports added an annual 4.5 percent to 5.575 trillion yen. .Overall bank lending in Japan was up 1.1 percent on year in October, the Bank of Japan said, standing at 398.768 trillion yen. That was in line with forecasts and down from the 1.2 percent increase in September. Including trusts, bank lending added an annual 0.9 percent to 460.677 trillion yen, unchanged from the previous month. Loans from foreign banks dropped 14.4 percent on year to 2.124 trillion yen following the 15.7 percent contraction. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 9, 2012 Share Posted November 9, 2012 China Inflation Slows To 1.7% In October The consumer price index in China came in at 1.7 percent in October, the National Bureau of Statistics said on Friday. That was below forecasts for 1.9 percent, which would have been unchanged from the September reading. The bureau also said that producer prices contracted 2.8 percent on year versus forecasts for a decline of 2.7 percent following the 3.6 percent fall in the previous month. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 13, 2012 Share Posted November 13, 2012 New Zealand Food Prices Fall 0.6% In October Food prices in New Zealand were down 0.6 percent on month in October, Statistics New Zealand said on Tuesday, after dipping 0.9 percent in September. This reflects seasonally lower prices for vegetables, the bureau said, partly countered by higher grocery food prices. On a yearly basis, food prices were up 0.3 percent following the 0.3 percent contraction in the previous month. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 14, 2012 Share Posted November 14, 2012 Fxw Analysis: Gbp/usd Daily Outlook We are still expecting the momentum of GBP/USD to be downward. June high 1.5784 should be the first strong support, and then Jul.19 high 1.5740. Our first resistance level stays at Aug. high and Oct. low 1.5912. Breaking this level would bring GBP/USD to another rally, and the next resistance is Oct.6 low 1.5955. Above 1.5955 there is Oct. 29 low 1.6005. S1: 1.5784 Jun. high S2:1.5740 Jul. 19 high S3:1.5492 Aug.2 low R1:1.5912 Aug. high and Oct. low R2: 1.5955 Oct.6 low R3:1.6005 Oct. 29 low More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 15, 2012 Share Posted November 15, 2012 Greenback Off Fresh 3-month High Against Canadian Dollar The US dollar that advanced more than 3-month high of 1.0044 against its Canadian counterpart in early Asian deals Thursday pared some of its gains shortly thereafter. The greenback slipped to 1.0025 against the Canadian dollar, down almost 20-pips or 0.20 percent from its recent peak and also weaker-than yesterday's close of 1.0040. USD/CAD pair is now hanging in the 50.0 percent retracement target between a high in June and a low in September with 1.0075 seen as the next probable resistance level and targeting parity on the downside. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 15, 2012 Share Posted November 15, 2012 Greenback Off Fresh 3-month High Against Canadian Dollar The US dollar that advanced more than 3-month high of 1.0044 against its Canadian counterpart in early Asian deals Thursday pared some of its gains shortly thereafter. The greenback slipped to 1.0025 against the Canadian dollar, down almost 20-pips or 0.20 percent from its recent peak and also weaker-than yesterday's close of 1.0040. USD/CAD pair is now hanging in the 50.0 percent retracement target between a high in June and a low in September with 1.0075 seen as the next probable resistance level and targeting parity on the downside. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 16, 2012 Share Posted November 16, 2012 Malaysian Ringgit Declines To 3-day Low Against U.S. Dollar The Malaysian Ringgit fell against the U.S. currency in Asian morning deals on Friday. The ringgit declined to a 3-day low of 3.0680 against the greenback with 3.07 seen as the next immediate support level. Markets in Malaysia were closed for the Muslim New Year on Thursday. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 19, 2012 Share Posted November 19, 2012 Australian Dollar Climbs To 4-day High Against Euro During the early Asian session on Monday, the Australian dollar advanced against the European currency. The aussie approached a 4-day high of 1.2303 against the euro, compared to last week's close of 1.2315. The next upside target level for the aussie is seen at 1.24. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 20, 2012 Share Posted November 20, 2012 Australian Dollar Off 6-day High Against Euro The Australian dollar retraced its early gains versus the euro in Asian morning deals on Tuesday. The aussie is now trading at 1.2291 against the euro, compared to an early 6-day high of 1.2263. The pair closed Monday's deals at 1.2310. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 21, 2012 Share Posted November 21, 2012 Japan Has Y549.0 Billion Trade Deficit Japan posted a merchandise trade deficit of 549.0 billion yen in October, the Ministry of Finance said on Wednesday, reflecting the results of slowing exports to China in a territorial island dispute. Sinking into the red for the 11th time in the last 13 months, the headline figure was well shy of forecasts for a shortfall of 360.0 billion yen following the downwardly revised deficit of 561.7 billion yen in September (originally 558.55 billion yen). Exports were down 6.5 percent on year to 5.149 trillion yen - also missing expectations for a contraction of 4.9 percent after plummeting 10.3 percent in the previous month. It also marked the fifth straight month of contraction. Exports to China were the key drag, plummeting 11.6 percent on year to 947.766 billion yen due to escalating tensions over ownership of disputed islands in the East China Sea. Exports to all of Asia contracted 4.9 percent on year to 2.840 trillion yen. Exports to the United States added 3.1 percent on year to 921.094 billion yen, while exports to the debt-ridden European Union plummeted an annual 20.1 percent to 508.767 billion yen. Imports fell an annual 1.6 percent to 5.698 trillion yen versus forecasts for a decline of 3.2 percent after rising 4.1 percent a month earlier. Imports from Asia added 2.0 percent on year to 2.684 trillion yen, while imports from China alone gained an annual 3.6 percent to 1.354 trillion yen. Imports from the United States gained 0.1 percent on year to 504.661 billion yen, while imports from the European Union climbed 7.3 percent to 576.409 billion yen. The adjusted trade deficit came in at 624.3 billion yen, missing forecasts for a shortfall of 492.1 billion yen following the upwardly revised 959.1 billion yen deficit in September (originally 980.8 billion yen). More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted November 22, 2012 Share Posted November 22, 2012 China's Manufacturing Sector Expands In November China's manufacturing sector expanded in November, preliminary results of a survey by Markit Economics showed Thursday. The headline Markit/HSBC purchasing managers' index rose to 50.4 in November from 49.5 in October. This was the highest reading for the index in 13 months. A PMI reading above 50 indicates expansion of the sector, while a reading below 50 suggests contraction. The manufacturing output index also climbed to a 13-month high of 51.3 from 48.2 in October. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFXPRGertrude Posted November 23, 2012 Share Posted November 23, 2012 Singapore Inflation Eases More Than Expected Singapore's inflation fell back more than expected in October, the latest figures from the Department of Statistics revealed Friday. The rate of inflation, measured by the all-items consumer price index, slowed to 4 percent in October from 4.7 percent in the previous month. Economists expected the rate to fall to 4.5 percent. On a monthly basis, the CPI fell 0.2 percent. The index, excluding accommodation, rose 3.3 percent on an annual basis and was down 0.4 percent month-on-month. The Monetary Authority of Singapore's core inflation measure rose 2.2 percent year-on-year and was up 0.1 percent on a monthly basis in October. News are provided by InstaForex. Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 27, 2012 Share Posted November 27, 2012 Aussie Strengthens As Eurozone Finance Ministers Agree Greece Bailout Deal The Australian dollar firmed against most major currencies in early Asian deals on Tuesday as sentiment improved after Eurozone finance ministers reached agreement on a new bailout program for debt-ridden Greece. The EU and IMF said Greece's sovereign long-term debt would be reduced by 40 billion euros or 124 percent of gross domestic product by the year 2020. The reduction would take place through a series of steps, and is expected to clear the way for Greece to receive up to 44 billion euros in bailout funding to keep struggling banks solvent and pay government workers. The aussie climbed to 1.0492 against the greenback, its strongest level since September 21. The aussie thus added 0.2 percent from Monday's close of 1.0467 against the greenback. The next resistance level for the aussie-greenback pair is seen at 1.05. Against the loonie, the aussie touched near a 2-week high of 1.0416, up 0.1 percent from yesterday's New York session close of 1.0401. If the aussie rises further, it may seek 1.045 level. Bouncing back from an early low of 85.69 against the yen, the aussie edged up to 86.14. On the upside, the aussie is likely to break 86.5 level. The aussie-yen pair closed Monday's trading at 85.92. The aussie strengthened to a 4-day high of 1.2389 against the euro, reversing from an early low of 1.2425.The aussie may find next upside target level at 1.235. At Monday's close, the pair traded at 1.2400. Swiss UBS consumption indicator and German import price index for October, U.K. preliminary third quarter GDP data are due in the European session. From the U.S., durable goods orders for October, S&P/Case-Shiller home price index for September, consumer confidence index for November and house price index for September are due in the New York morning session. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 28, 2012 Share Posted November 28, 2012 Yen Rises To Multi-day Highs Against Most Majors The Japanese yen gained ground across the board in early Asian trading on Wednesday. The yen advanced to 5-day highs of 87.99 against the Swiss franc and 105.92 against the euro, up from Tuesday's North American session closing values of 88.33 and 106.35, respectively. On the upside, the yen may find target levels at 87.75 against the franc and 105.75 against the euro. The yen strengthened against the commodity-linked currencies on Wednesday morning, rising to 5-day highs of 85.52 against the Australian dollar, 82.38 against the Canadian dollar and 67.22 against the NZ dollar. If the yen extends rally, likely resistance levels are seen at 85.35 against the aussie, 82.20 against the loonie and 67.10 against the kiwi. The yen also rose to a 2-day high of 131.17 against the pound and a session's high of 81.90 against the US dollar on Wednesday morning in Asia. If the yen strengthens further, it may find target levels at 130.87 against the pound and 81.65 against the dollar. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 29, 2012 Share Posted November 29, 2012 Australia Private Capital Expenditure +2.8% On Quarter In Q3 Private capital expenditure was up a seasonally adjusted 2.8 percent in the third quarter of 2012 compared to the previous three months, the Australian Bureau of Statistics said on Thursday, coming in at A$42.475 billion. That beat forecasts for an increase of 2.0 percent following the 3.4 percent gain in the second quarter. On a yearly basis, capex was up 14.2 percent. Capex for building and structures came in at A$26.718 billion, up 1.0 percent on quarter and 20.1 percent on year. Spending for equipment, plants and machinery was at A$15.756 billion, rising 6.2 percent on quarter and 5.3 percent on year. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 30, 2012 Share Posted November 30, 2012 UK Consumer Confidence At 18-Month High Confidence among British consumers rose to its highest level in 18 months in November as they turned more upbeat over the prospects of their personal as well as general economic situation, a survey by GfK NOP showed Friday. The headline index rose to -22 in November from -30 in October. This was the highest reading since May 2011 and better than forecasts for no change. The surprise improvement could be influenced by the fact that consumers "now think things can't get any worse," said Nick Moon, managing director of social research at GfK. "The direction things head in the New Year will be crucial in determining whether this is a short-term spike or the start of a long-term improvement in people's spending habits," Moon said. Consumers appeared optimistic about their family finances as well as the general economic conditions. The indicator assessing households' outlook for the general economy rose to -15 in November from -29 in October. The index reflecting the view of family finances over the coming 12 months rose to -7 from -13 over the same period. The indicator assessing consumers' willingness to make major purchase rose -26 in November from -33 a month earlier. A survey by the Confederation of British Industry revealed Thursday that retail sales in the U.K. improved for the third consecutive month in November. The British economy exited recession in the third quarter, with the gross domestic product expanding at the fastest pace in five years. However, the Bank of England forecast the economy to contract again in the third quarter. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 3, 2012 Share Posted December 3, 2012 Australian Dollar Edges Down Against NZ Dollar Erasing early gains, the Australian dollar fell against the New Zealand dollar in Asia on Monday. The aussie is now trading at 1.2692 versus the kiwi, down 0.4 percent from a 5-day high of 1.2738 hit in early trading. If the aussie extends slide, it is likely to break 1.26 level. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 4, 2012 Share Posted December 4, 2012 Australia Has A$14.9 Billion Current Account Deficit Australia saw a seasonally adjusted current account deficit of A$14.900 billion in the third quarter of 2012, the Australian Bureau of Statistics said on Tuesday - down 20 percent from the previous three months. The headline figure missed forecasts for a shortfall of A$14.55 billion following the downwardly revised deficit of A$12.369 billion in the second quarter (originally reported as A$11.801 billion). The deficit on the balance of goods and services climbed A$2.531 billion to A$4.645 billion, down 120 percent on quarter. The primary income deficit fell A$34 million to A$10.023 billion, close to flat on quarter. In seasonally adjusted chain volume terms, the surplus on goods and services spiked A$490 million or 51 percent from A$964 million in the June quarter to A$1.454 billion in the September quarter. This is expected to contribute 0.1 percentage points to growth in the September quarter volume measure of GDP. Also on Tuesday, the ABS said that approvals for Australia's private sector house construction decreased in October by a seasonally adjusted 1.5 percent. The seasonally adjusted estimate for total dwelling approvals was down 7.6 percent, following two months of increases. The Bureau's seasonally adjusted estimate for private sector dwellings excluding houses was down 18 percent, compared to increases of 29.4 percent and 21.4 percent in the preceding two months. The seasonally adjusted estimate of the value for overall building approvals was down 6.7 percent. The value for residential housing was down 12.9 percent, while the value for non-residential construction approvals was up 6.7 percent. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 5, 2012 Share Posted December 5, 2012 Euro Jumps To 7-week High Against Dollar, 6-week High Against Pound The euro extended previous sessions' rally against the currencies of the U.S. and the U.K. in early Asian trading on Wednesday. The common currency touched 1.3118 against the dollar, its strongest level since October 18 and 0.8145 against the pound, its highest since October 24. Trend-line resistances were broken in both the EUR/GBP and the EUR/USD pairs, with 0.8165 and 1.3140, respectively seen as the next likely upside target levels. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 6, 2012 Share Posted December 6, 2012 South Korea Q3 GDP Adds Just 0.1% South Korea's gross domestic product gained a seasonally adjusted 0.1 percent in the third quarter of 2012 compared to the previous three months, the Bank of Korea said in Thursday's revised report - marking the slowest rate of increase in 11 quarters. The headline figure is down from the 0.2 percent growth in the October 26 preliminary reading, and it also slows from the 0.3 percent increase in the second quarter. Real gross national income added 0.5 percent on quarter, while nominal gross national income fell 0.4 percent. On the production side, manufacturing shed 0.4 percent on declines in sub-sectors such as transport equipment, precision instruments and non-metallic minerals, the bank said. Construction climbed 2.8 percent, centering on civil engineering. Services added 0.1 percent, with gains for instance in wholesale and retail trade, restaurants and hotels and financial intermediation and despite declines in education and real estate and renting, the bank said. On the expenditure side, private consumption gained 0.7 percent, as expenditures on durables such as mobile phones and non-durables such as electricity, gas and other fuels increased. Facilities investment dipped 4.8 percent on losses in machinery including semiconductor manufacturing equipment and transport equipment including automobiles. Construction investment added 0.1 percent, as investment in civil engineering expanded. Exports gained 2.8 percent on quarter, as those of petroleum products and of wireless telecommunication devices increased, the bank said. On a yearly basis, GDP was up 1.5 percent versus the preliminary read for a 1.6 percent gain after rising 2.3 percent in the previous three months. On the production side, the manufacturing sector gained 1.1 percent on year, centering on petroleum and chemical products and electrical and electronic equipment. Construction shed 1.8 percent, due to the sluggishness in building construction and civil engineering. Services expanded by 2.4 percent. On the expenditure side, private consumption climbed 1.6 percent on year, led by expenditures on durables such as mobile phones and on non-durables such as electricity, gas and other fuels. Facilities investment dropped 6.5 percent, as investment in semiconductor manufacturing equipment and in automobiles decreased, the bank said. Construction investment fell 0.2 percent, as civil engineering increased slightly but buildings construction was sluggish. Exports jumped 2.9 percent centering on petroleum products, and imports by 1.1 percent owing to increases for example in imports of crude oil and natural gas. Nominal gross national income fell 0.4 percent on quarter, owing to a large decrease in net factor income from abroad and despite the small quarter-on-quarter increase in nominal gross domestic product. Real gross national income expanded 0.5 percent compared to the previous quarter on the back of improvements in the terms of trade. The GDP deflator increased 0.9 percent on year. The gross saving ratio was 30.1 percent in Q3, down 1.1 percentage points on quarter, as final consumption expenditure increased while gross national disposable income declined. The gross domestic investment ratio was 26.0 percent, down 1.7 percentage points on quarter, due mostly to a decline in facilities investment. Upon the release of the data, the Bank of Korea conceded that it was unlikely the country would hit its 2012 forecast growth target of 2.4 percent. The economy is seen expanding 3.2 percent next year. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 7, 2012 Share Posted December 7, 2012 Australia Has A$2.088 Billion Trade Deficit Australia posted a seasonally adjusted merchandise trade deficit of A$2.088 billion in October, the Australian Bureau of Statistics said on Friday - a fall of 47 percent or A$668 million in the deficit from the previous month. The headline figure beat forecasts for a shortfall of A$2.2 billion following the A$1.456 billion deficit in September. Exports were flat on month at A$24.405 billion after dipping 1.0 percent in the previous month. Rural goods jumped A$155 million or 5 percent, while non-monetary gold climbed A$102 million (7 percent). Non-rural goods dipped A$158 million (1 percent) and net exports of goods under merchanting plummeted A$2 million (14 percent). Services credits added A$2 million. Imports climbed 3.0 percent on month or A$768 million to A$26.493 billion after falling 2.0 percent a month earlier. Capital goods spiked A$674 million (13 percent), while consumption goods collected A$152 million (3 percent) and intermediate and other merchandise goods gained A$86 million (1 percent). Non-monetary gold plummeted A$138 million (20 percent), while services debits declined A$6 million. Also on Friday, the AiG Performance of Construction Index came in with a score of 37.0 in November, up from 35.8 in October. Upon the release of the data, the Australian dollar was little changed against major opponents, trading near 1.0482 against the U.S. dollar, 86.44 against the yen, 1.2375 against the euro and 1.2597 against the NZ dollar. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 10, 2012 Share Posted December 10, 2012 Euro Declines To 1-week Low Against Franc In early Asian deals on Monday, the euro fell against the Swiss franc. The euro declined to a 1-week low of 1.2076 versus the franc with 1.20 seen as the next downside target level. At Friday's close, the pair was worth 1.2084. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 11, 2012 Share Posted December 11, 2012 Australia Business Confidence Weakens In November - NAB Business confidence in Australia deteriorated in November, according to survey results released Tuesday by National Australia Bank. The NAB Business Confidence Index declined to minus-9 from the October reading of minus-1. It was the lowest reading since April 2009. The accompanying Business Conditions Index was unchanged at minus-5. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 12, 2012 Share Posted December 12, 2012 Japan Tertiary Industry Slows In October An index measuring tertiary industrial activity in Japan was down a seasonally adjusted 0.1 percent on month in October, the Ministry of Economy, Trade and Industry said on Wednesday, standing at 99.2. That beat forecasts for a contraction of 0.4 percent following the 0.3 percent increase in September. Industries that were down in October included wholesale and retail trade, personal services, utilities, accommodations, medical care and real estate. Industries that saw an increase included miscellaneous services, postal activities, scientific research and learning support. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted December 13, 2012 Share Posted December 13, 2012 Pound At 1-week Low Against Franc The pound lost ground against the Swiss franc in Asian morning deals on Thursday. The pound slipped to a 1-week low of 1.4945 against the franc, compared to yesterday's close of 1.4963. On the downside, the pound is likely to find next target level at 1.49. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
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