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Author Topic: Forex News from InstaForex
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Gertrude
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 18, 2017, 05:09
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Carney Confirms Rate Hike Imminent as Inflation Hits Multi-Year High

Governor Mark Carney reaffirmed that the Bank of England is close to making its first rate hike move in more than 10 years, as inflation reach 3 percent and another official said that the UK economy is near an inflection point.

The head of the BOE and the two newly appointed members of the central bank's rate-setting Monetary Policy Committee indicated that the dissolution of economic slack is their main consideration as they prepare for a November 2 meeting decision during their testimonies to lawmakers. The addresses coincided with the release of a report indicating consumer prices accelerating at its fastest rate since April 2012.

Carney stated that since the BOE had used up more spare capacity and due to increasing inflationary pressures in the UK, majority of the members of the governing committee believe that a rate hike in the following month may be fitting.

The BOE leader professed that while CPI growth is near its tipping level, it's more likely than not to accelerate once more this month. In turn, this would bring CPI to a more than full percentage point above BOE's 2 percent target.

Meanwhile, MPC member Silvana Tenreyro said that the BOE may soon need to move, but put an emphasis that the move may occur in the coming months as the economy reaches its tipping point.

A main concern for policymakers is that the economic slack that can hurt price pressures may soon be undermined. Jobless rate is at a historic low and uncertainty surrounding Brexit threatens to affect output.

Prime News are provided by InstaForex

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Gertrude
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 19, 2017, 00:19
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Japan Has Y670.2 Billion Trade Surplus In September

Japan had a merchandise trade surplus of 670.2 billion yen in September, the Ministry of Finance said on Thursday.

That beat forecasts for a surplus of 556.8 billion yen following the downwardly revised 112.6 billion yen surplus in August (originally 113.6 billion yen).

Exports climbed 14.1 percent on year, missing forecasts for a gain of 15.0 percent and down from 18.1 percent in the previous month.

Imports picked up an annual 12.0 percent versus expectations for 14.7 percent and down from 15.2 a month earlier.

News are provided by InstaForex

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Gertrude
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 19, 2017, 01:21
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European Markets Advanced on Third-Quarter Earnings Reports

European markets finished higher on Wednesday as investors focused on the recent batch of earnings and economic data releases.

The pan-European Stoxx 600 rose nearly 0.29 percent, with most sectors and major bourses in positive territory.

Politics continued to persist in the background, as investors await recent news on Brexit and Catalonia.

Spain's IBEX stretched out losses following news reports that showed Catalonia refuses to give in to the Spanish government's demand of renouncing its independence.

Autos, food and beverages and media stocks were among the best performers on Wednesday.

UK consumer goods maker Reckitt Benckiser dropped over one percent after it trimmed its full-year comparable sales forecast and announced a company overhaul following a "soft" third quarter.

The UK's second largest grocer Sainsbury's declined 1.2 percent after Sky News reported that the company will cut 2,000 store and back office jobs in an effort to cut costs amid rising competition.

Dutch chemicals group Akzo Nobel reported its third-quarter results, with the company expecting upbeat developments for the EMEA region (except for the U.K.) and North America going forward. However, it revealed that "headwinds" are expected to continue. Shares of Azko Nobel fell 1.84 percent.

The U.S. Securities and Exchange Commission recently charged Australian-British miner Rio Tinto and two of its former top executives with fraud. The SEC said that the execs had inflated the value of coal assets in Mozambique, which was acquired for $3.7 billion and sold years later for $50 million, according to a report from Reuters. Rio Tinto shares dropped nearly three percent.

Prime News are provided by InstaForex

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Gertrude
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 20, 2017, 04:37
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Malaysia's Inflation Accelerates In September

Malaysia's inflation accelerated as expected in September, figures from the Department of Statistics revealed Friday.

Consumer prices climbed 4.3 percent year-on-year in September, faster then the 3.7 percent rise seen in August. The rate came in line with expectations.

Among components, transport costs showed a significant growth of 15.8 percent. At the same time, food and non-alcoholic beverages, which accounted 30.2 percent in the CPI weights, climbed 4.6 percent.

On a monthly basis, inflation eased to 0.3 percent from 0.9 percent in August. Likewise, based on a seasonally adjusted term, the overall consumer price index for September grew 0.3 percent.

During January to September, the CPI registered an increase of 4 percent from the same period last year.

News are provided by InstaForex

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Gertrude
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 20, 2017, 05:04
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Gold Holds Onto Gains as Dollar Slips

Gold prices held firm early on Friday as the dollar dropped following a report that U.S. President Donald Trump was leaning towards a less hawkish candidate as the next chair of the Federal Reserve.

Spot gold was stable at $1,289.52 per ounce. The precious metal rose 0.7 percent in the session earlier.

U.S. gold futures for December delivery climbed 0.1 percent to $1,291.30 an ounce.

The dollar index, which measures the U.S. currency against a basket of peers, fell 0.1 percent to 93.193.

U.S. President Donald Trump has concluded interviews with the five candidates he is considering to chair the Federal Reserve and could announce a decision as early as next week, according to a source familiar with the matter.

Federal Reserve Governor Jerome Powell is the leading candidate to become the next chair of the U.S. central bank after President Donald Trump concluded meetings with the finalists on Thursday, Politico reported, citing three administration officials.

Powell is considered less hawkish than other candidates on Trump's short list. Powell would be expected to favour lower interest rates for the United States, reducing the value of the dollar to investors.

Demand for the yellow metal soared in India this week due to Dhanteras and Diwali. However, high prices weighed on gold's appeal during the key festival period this year.

Prime News are provided by InstaForex

IFX Yvonne
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Post Re: Forex News from InstaForex
on: October 23, 2017, 07:07
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Japan Leading Index Strengthens More Than Estimated In August

Image

Japan's leading index improved more than initially estimated in August, latest figures from the Cabinet Office showed Monday.

The leading index, which measures the future economic activity, climbed to 107.2 in August from 105.2 in July. The reading for August was revised up from 106.8.

Moreover, this was the highest score since February 2014, when the reading was 108.0.

The coincident index that reflects the current economic activity rose to 117.7 in August from 115.7 in the previous month. The flash reading for August was 117.6.

The lagging index came in at 116.2 in August, up from 115.9 in July.

IFX Yvonne
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Post Re: Forex News from InstaForex
on: October 23, 2017, 07:53
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Technical analysis of USD/JPY for Oct 23, 2017

Image

Today, Japan and the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 114.44.
Resistance. 2: 114.21.
Resistance. 1: 114.00.
Support. 1: 113.72.
Support. 2: 113.50.
Support. 3: 113.28.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Gertrude
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 24, 2017, 04:00
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Japan Manufacturing PMI Slows In October - Nikkei

The manufacturing sector in Japan continued to expand in October, albeit at a slightly slower pace, the latest survey from Nikkei revealed on Tuesday with a manufacturing PMI score of 52.5.

That's down from 52.9 in September, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output, new orders, new export orders and quantity of purchases all increased but at a slower pace.

Employment, backlogs and output prices all increased at a faster rate.

Business confidence fell to an 11-month low.

News are provided by InstaForex

IFX-
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 24, 2017, 04:48
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Gold Prices Rebound from 2-Week Low on Weaker Dollar

Gold prices climbed on Tuesday, rebounding from an over two-week low notched in the session earlier, on the back of a relatively softer dollar.

Spot gold climbed 0.1 percent at $1,283.36 per ounce. The precious metal reached its lowest since Oct. 6 at $1,271.86 in the session earlier.

U.S. gold futures for December delivery increased 0.3 percent to $1,284.80 an ounce.

The dollar index fell 0.1 percent at 93.778. The greenback dropped 0.1 percent to 113.35 yen after hitting a more than three-month peak in the session earlier.

U.S. President Donald Trump will urge President Xi Jinping to make good on his commitments to pressure North Korea when he visits China in November, according to a senior White House official.

Trump recently told reporters that he is "very, very close" to making his decision on who should chair the Federal Reserve.

Financial markets are now awaiting guidance on who will succeed Fed chair Janet Yellen when her term expires in February.

Trump is considering nominating Fed Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs. Powell is considered less hawkish than Taylor, who is seen advocating higher interest rates.

South Africa's Gold Fields said its third-quarter gold output increased three percent compared with the previous quarter, supported by a ten percent growth in production at their South Deep mine.

News are provided by InstaForex

IFX-
Gertrude
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IFX Gertrude
Post Re: Forex News from InstaForex
on: October 24, 2017, 05:30
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AUD/JPY profit target reached perfectly, prepare to buy

The price has dropped perfectly and reached our profit target. We now prepare to buy above major support at 88.39 (Multiple Fibonacci retracements, horizontal overlap support) for a push up to at least 89.10 resistance (Multiple Fibonacci retracements, recent swing high resistance).

Stochastic (21,3,1) is seeing support above 1.2% where we expect a corresponding bounce from.

Buy above 88.39. Stop loss is at 88.17. Take profit is at 89.10.

Analysis are provided by InstaForex

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