IFX Matthias Posted January 24, 2013 Share Posted January 24, 2013 Japan Trade Deficit Y641.5 Billion In December Japan saw a merchandise trade deficit of 641.5 billion yen in December, the Ministry of Finance said on Thursday. That missed forecasts for a shortfall of 522.8 billion yen following the downwardly revised deficit of 954.8 billion yen in November. Exports were down 5.8 percent on year - also missing forecasts for a contraction of 4.2 percent and accelerating from the 4.1 percent fall in the previous month. Imports were up an annual 1.9 percent versus expectations for an increase of 1.7 percent after rising an upwardly revised 0.9 percent a month earlier. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted January 25, 2013 Share Posted January 25, 2013 Australian Dollar Slides To 3-week Low Against Greenback Extending yesterday's downtrend, the Australian dollar reached 1.0441 against its US counterpart on Friday morning in Asia, its weakest level since January 4. At Thursday's North American close, the Australian dollar was worth 1.0454 against the greenback. The near-term bias is bearish for the Australian currency and the AUD/USD pair is poised to pierce its 100-day simple moving average level of 1.0420. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted January 28, 2013 Share Posted January 28, 2013 Pound Falls Against U.S. Dollar During the early Asian session on Monday, the pound declined against the U.S. currency. The pound that ended Friday's deals at 1.5799 against the greenback slipped to 1.5759. The next downside target level for the pound is seen at 1.57. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted January 29, 2013 Share Posted January 29, 2013 Australian Dollar Advances After NAB Business Confidence Index The Australian dollar strengthened against other major currencies in early Tuesday Asian deals after a report showed that NAB business confidence improved in December. Data from National Bank of Australia showed that business confidence index rose to +3 from -9 in November. Business conditions came in at -4 points, compared to -6 last month. Against the buck, the aussie approached 1.0448, its highest level since January 25. If the aussie extends gain, it may break 1.05 level. The aussie climbed to a 4-day high of 1.2880 against the euro also, compared to Monday's close of 1.2921. The aussie rebounded from early lows of 1.0472 against the loonie and 94.21 against the yen and is now trading at 1.0510 and 94.78, respectively. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted January 30, 2013 Share Posted January 30, 2013 Japan Retail Sales Rise 0.1% In December Retail sales in Japan were up a seasonally adjusted 0.1 percent in December, the Ministry of Economy, Trade and Industry said on Wednesday, worth 13.098 trillion yen. That missed forecasts for an increase of 0.4 percent following the downwardly revised 0.1 percent contraction in November. On a yearly basis, retail sales were up 0.4 percent - beating forecasts for a gain of 0.3 percent after adding a downwardly revised 1.2 percent in the previous month. Sales from large retailers were flat on year at 2.105 trillion - also topping expectations for a decline of 1.0 percent after rising 0.9 percent a month earlier. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted January 31, 2013 Share Posted January 31, 2013 Australia Private Sector Credit Grew In December - RBA The overall amount of credit extended to private sector recipients in Australia increased in December by 0.4 percent over November, the Reserve Bank of Australia reported Thursday. For the full year to December, overall private sector credit rose 3.6 percent. The RBA said housing credit increased in December by 0.3 percent on month, and rose 4.5 percent on year. Business credit increased 0.7 percent on month and 2.8 percent on year. The RBA also said the M3 money supply grew by 0.6 percent in November and the broad money supply was up 0.5 percent. All the figures are seasonally adjusted. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 1, 2013 Share Posted February 1, 2013 Australia Q4 PPI +0.2% On Quarter Producer prices is Australia were up 0.2 percent in the fourth quarter of 2012 compared to the previous three months, the Australian Bureau of Statistics said on Friday. That was below forecasts for an increase of 0.3 percent after adding 0.6 percent in the third quarter. On a yearly basis, producer prices climbed 1.0 percent - again short of estimates for an increase of 1.2 percent after gaining 1.1 percent in the previous three months. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 4, 2013 Share Posted February 4, 2013 Australia Job Ads Dip 0.9% In January - ANZ The total number of job advertisements in Australia was down a seasonally adjusted 0.9 percent on month in January, ANZ Bank said on Monday, standing at 133,649. That follows the upwardly revised 2.8 percent decline in December (originally reported at -3.8 percent). On year, ads were down 18.4 percent. Internet job ads were down 0.6 percent on month and 17.5 percent on year, while newspaper ads dropped 9.2 percent on year. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 5, 2013 Share Posted February 5, 2013 Australia Trade Deficit A$427 Million In December Australia saw a merchandise trade deficit of A$427 million in December, the Australian Bureau of Statistics said on Tuesday - blowing away expectations for a shortfall of A$800 million following the upwardly revised A$2.788 billion deficit in November. Exports were up 3.0 percent on month to A$25.381 billion after adding 1.0 percent in the previous month. Imports dropped 6.0 percent on month to A$25.808 billion after rising 2.0 percent a month earlier. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 6, 2013 Share Posted February 6, 2013 Aussie Slides As Australia's Dec. Retail Sales Disappoint The Australian dollar edged lower against its key counterparts in early Asian deals Wednesday as the nation's retail sales figures for December came in well-below market expectations. Retail sales were down a seasonally adjusted 0.2 percent in December, the Australian Bureau of Statistics said today. That was well shy of forecasts for an increase of 0.3 percent following the upwardly revised 0.2 percent contraction in November. The downbeat data prompted traders to sell the Australian dollar across the board. The aussie reached 1.2257 against NZ dollar, its weakest level since July 2010. The Australian dollar fell below the 1.0350 area against the US dollar for the first time in 2013. The Australian currency also fell to a 5-day low of 1.3134 against the euro and nearly a 5-week low of 1.0315 against the Canadian dollar following the data. Even against the flaccid Japanese currency, the Australian currency declined to 96.95 although the pair staged some recovery attempts above 97.0 later. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 7, 2013 Share Posted February 7, 2013 Research: France Moving in the Right Direction on Reform Quotes from Societe Generale Cross Asset Research: The 2013 budget, the 6 November competitiveness pact and 11 January labour market reforms reassured markets that France is moving in the right direction on reform. To build the competitiveness of the French economy and raise the future growth potential, the government must now open the next chapter on reform. The timetable for this is not yet set in stone, but the agenda over the coming quarters (for 2013-2014) will include: cuts to public spending amounting to €60bn, new ways to fund social protection, reforms to unemployment insurance and pensions. Against a backdrop of weak economic growth (0.0% yoy in Q4.12), these issues are particularly sensitive. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 8, 2013 Share Posted February 8, 2013 U.S. Consumer Credit Increases In Line With Estimates In December Consumer credit in the U.S. increased roughly in line with economist estimates in the month of December, according to a report released by the Federal Reserve on Thursday, with an increase in non-revolving credit more than offsetting a drop in revolving credit. The report said consumer credit increased by $14.6 billion in December following a revised increase of $15.9 billion in November. Economists had expected credit to increase by about $14.5 billion. The increase was largely due to another jump in non-revolving credit such as student loans and car loans, which surged up by $18.2 billion in December after rising by $15.4 billion in November. Meanwhile, revolving credit, which largely reflects credit card debt, fell by $3.6 billion in December after edging up by $0.5 billion in the previous month. The Fed also said consumer credit rose by an annual rate of 6.3 percent in December, with non-revolving credit jumping by 11.4 percent but revolving credit falling by 5.1 percent. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 11, 2013 Share Posted February 11, 2013 U.S. Dollar Hits 12-day High Against Canadian Dollar In the Asian morning session on Monday, the U.S. dollar advanced against the Canadian currency. The greenback that ended last week's deals at 1.0034 against the loonie spiked up to 1.0044, its highest level since January 30. The next upside target level for the greenback-loonie pair is seen at 1.005. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 12, 2013 Share Posted February 12, 2013 UK House Prices Fall 4.0% In January - RICS The average asking price for a house in the United Kingdom was down 4.0 percent on year in January, a monthly report by the Royal Institution of Chartered Surveyors revealed on Tuesday. That was well shy of forecasts for an increase of 1.0 percent following the downwardly revised 1.0 percent contraction in December (originally called flat on year). The survey also showed that prices declined rather than gained for 26 percent of sellers. However, the total number of sales was up an annual 12.0 percent in January. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 13, 2013 Share Posted February 13, 2013 Japan Corporate Service Prices Rise 0.4% In January An index measuring domestic corporate service prices was up 0.4 percent on month in January, the Bank of Japan said on Wednesday, coming in at 100.7. That beat forecasts for an increase of 0.2 percent following the downwardly revised 0.2 percent increase in December (originally 0.3 percent). On a yearly basis, prices were down 0.2 percent versus forecasts for -0.3 percent following the downwardly revised 0.7 percent fall in the previous month (originally -0.6 percent). Export prices were up 0.4 percent on month and down 0.6 percent on year, while import prices added 0.3 percent on month but fell 0.8 percent on year. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 14, 2013 Share Posted February 14, 2013 Japan GDP -0.1% On Quarter In Q4 Japan's gross domestic product was down 0.1 percent in the fourth quarter of 2012 compared to the previous three months, the Cabinet Office said on Thursday. That missed forecasts for an increase of 0.1 percent following the downwardly revised 1.0 decline in the third quarter. On an annualized basis, GDP was down 0.4 percent - also missing forecasts for an increase of 0.4 percent following the downwardly revised 3.8 percent decline in the previous three months. Nominal GDP was down 0.4 percent on quarter versus forecasts for a flat reading following the downwardly revised 1.1 percent fall in the three months prior. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 18, 2013 Share Posted February 18, 2013 UK House Price Index +2.8% In February An index measuring house prices in the United Kingdom was up 2.8 percent on month in February, property tracking website Rightmove said on Monday. That follows the 0.2 percent increase in January. On a yearly basis, house prices were up 1.1 percent after adding 2.4 percent in the previous month. With the proportion of those intending to buy for the first time making up just 22 percent of all prospective buyers in 2013, the main activity is concentrated on those who have bought before, the data showed. Twenty-nine percent say they are buying for the second time, while 49 percent are making at least their third purchase. "There has been a sprightly start to 2013 and, while market activity remains patchy across locations and property type, some estate agents are reporting their busiest new year since the onset of the credit-crunch. While encouraging, it's far too early to pop the champagne corks as certain sectors will remain on ice until the return of wider-spread mortgage availability," said Miles Shipside, director and housing market analyst at Rightmove. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 19, 2013 Share Posted February 19, 2013 BoJ Minutes: Price Stability Is The Goal Members of the Bank of Japan's monetary policy board are firmly committed to defeating deflation and achieving price stability, minutes from the bank's board meeting on January 21 and 22 revealed on Tuesday. The BoJ also warned that circumstances in Europe and the United States will continue to pose downside risks to the Japan economy - which is otherwise expected to level off. "(The economy) is likely to level off more or less for the time being, and thereafter return to a moderate recovery path as domestic demand remained resilient, partly due to the effects of various economic measures, and as overseas economies gradually emerged from the deceleration phase," the minutes said. "Some members were of the view that the possibility of Japan's economy returning to a moderate recovery path had heightened to a considerable degree. At that meeting, the BoJ doubled its inflation target to 2 percent in a bid to end deflation. The central bank also announced open-ended asset purchases from next year. BoJ adopted the new inflation target in a split vote with Policy Board members Takehiro Sato and Takahide Kiuchi voting against the proposal. Seven out of nine members of the board voted in favor. The Policy Board also voted unanimously to keep the benchmark uncollateralized overnight call rate at around 0 to 0.1 percent. "If the recent trend of the yen's depreciation continued, this could be expected to have positive effects on prices through an improvement in economic activity and a rise in inflation expectations," the minutes said. After completing the current purchasing period, the bank said it will introduce a method of purchasing a certain amount of financial assets every month without setting any termination date, from January 2014. The introduction of the open-ended asset purchasing method was also passed by a unanimous vote. Following the introduction of this method, BoJ will make monthly asset purchases of JPY 13 trillion, including JPY 2 trillion in Japanese government bonds and JPY 10 trillion in Treasury Bills. As a result, the total size of the asset purchase program will be increased by JPY 10 trillion in 2014, which will be maintained thereafter. "With a view to clearly presenting the Bank's stance of pursuing aggressive monetary easing - aiming to achieve the 'price stability target' - it was desirable to introduce a method to continue purchasing a certain amount of financial assets every month without setting any termination date," the minutes said. The bank also decided to release a joint statement with the government, to strengthen their policy coordination. Two of the policymakers dissented against this decision. The bank stuck to its assessment of global economy and said that the overseas economies remained in a deceleration phase. Japan's economy remained relatively weak and exports and industrial production have decreased, the bank said. "The U.S. economy generally continued to recover at a moderate pace, particularly in the household sector, although signs of weakness were observed in the corporate sector," the minutes said. "Economic activity in Europe had receded slowly. As a result of the weakening of sentiment and the effects of fiscal austerity, both business fixed investment and private consumption had been declining. Growth in exports was sluggish as well." More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 20, 2013 Share Posted February 20, 2013 Australia Q4 Wage Index Rises 0.8% On Month Wages in Australia increased in the 4th quarter of 2012. The Australian Bureau of Statistics reported Wednesday that its wage index rose 0.8 percent from the preceding quarter. For the full 2012 year, the wage index was up 3.4 percent. The Bureau said both private and public sector wages were up 0.8 percent on quarter. On year, the public sector index rose 3.2 percent, compared to the 3.4 percent private sector index. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 21, 2013 Share Posted February 21, 2013 Greenback Jumps To Fresh 3-week High Against Swiss Franc The US dollar strengthened against its Swiss counterpart in the early Asian session on Thursday, hitting nearly the key 0.93 level after a gap of more than 3-weeks. The greenback rose to 0.9290 against the Swiss franc, its highest level since January 28 and was up almost 0.2 percent from Wednesday's closing value of 0.9276. The dollar-franc pair is approaching the 38.2 percent retracement target at 0.9330, between its February lows and July highs in the previous year. However the pair, being in a descending channel resistance line, the possibility of a bearish reversal towards the 0.92 area is likely in the near-term. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 22, 2013 Share Posted February 22, 2013 Singapore Revised GDP +3.3% In Q4 Singapore's gross domestic product expanded a seasonally adjusted annualized 3.3 percent in the fourth quarter compared to the previous three months, the Ministry of Trade and Industry said in Friday's revised reading. That's up sharply from last month's original reading for a 1.8 percent increase following the revised 4.8 percent contraction in Q3. On a yearly basis, GDP was revised up to 1.5 percent from 1.1 percent following the flat reading in the previous three months. For all of 2012, GDP was bumped up to 1.3 percent from 1.2 percent. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 25, 2013 Share Posted February 25, 2013 Japan Corporate Service Prices Dip 0.2% In January An index measuring corporate service prices in January was down 0.2 percent on year in January, the Bank of Japan said on Monday, standing at 95.4. That matched forecasts following the 0.4 percent contraction in December. On a monthly basis, corporate service prices were down 0.4 percent after rising 0.2 percent in the previous month. Among the individual components, prices for transportation and other services were up - while prices for information systems and advertising services were down. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted February 28, 2013 Share Posted February 28, 2013 U.S. Dollar Trades At 3-day Low Against Canadian Dollar In early Asian deals on Thursday, the U.S. dollar lost ground against the Canadian dollar. The greenback fell to a 3-day low of 1.0228 against the loonie from yesterday's close of 1.0232. The greenback may face next downside target level at 1.02. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted March 1, 2013 Share Posted March 1, 2013 Australian Dollar Weakens After China Manufacturing PMI Hits 5-month Low The Australian dollar edged lower against its major counterparts on Friday morning in Asia after a report showed that the Chinese manufacturing PMI eased to a 5-month low in February. Chinese Manufacturing PMI reached 50.1 in the month of February, down from previous month's figure of 50.4. Economists had expected the headline index to advance to 50.5 in the month. The aussie slipped to 1.0208 against the US dollar and 94.48 against the yen immediately following the data. The Australian currency also drifted weaker to 1.2809 against the euro and 1.2376 against the New Zealand dollar around the same time. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted March 4, 2013 Share Posted March 4, 2013 Asian Shares weighed by Patchy Growth Outlook, US Data Supports Asian shares eased on Monday, with sentiment hurt by a patchy global growth outlook and weak data from Europe, but losses were limited as robust U.S. economic figures overshadowed worries about automatic spending cuts hurting the U.S. economy. The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, with Australian shares falling 0.4 percent on lower metal prices. South Korean shares opened up 0.1 percent after financial markets were closed on Friday for a holiday. Japan's Nikkei stock average opened 0.8 percent higher as a weaker yen helped buoy sentiment. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
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