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Forex News from InstaForex

Discussion in 'Market News' started by InstaForex Gertrude, Apr 1, 2016.

  1. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Dear traders, participants and guests of the portal!

    In this thread we present fresh Forex news. Our news contain exhaustive information about topical events and facts of the financial world; we offer international statistical data in order to help you correct and enhance your trading strategy. We also present video news from InstaForex-TV portal. InstaForex-TV channel provides the latest information about fluctuations of currency rates and forecasts their influence on the future movement of currencies. Our news will be especially useful if you prefer intraday trading and use fundamental analysis.
     
  2. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Usd/krw Opens at 1145, Then Bounce, As Usd Bid Returns

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    Improvement in exports saw current ccount surplus rise to a 13-month high Exports showed slight improvement, down 8.2% against a forecast -10.7%

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  3. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    U.S. asks Deutsche, JPMorgan to give details on 1MDB dealings –sources

    [​IMG]

    Banking sources said U.S. Department of Justice officials have asked banks Deutsche Bank and JPMorgan for details of their dealings with Malaysia's 1MDB, a troubled state fund which had been under investigation. The officials have also travelled to Kuala Lumpur to speak to people with close links to the fund, the sources said. They said JPMorgan and Deutsche were not the target of the investigations at this stage, but had only been asked to provide details.

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  4. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Fxwirepro: Usd/jpy falls Below 111.00 Mark As Japan’s Wage Data Came in Much Better Than Expected

    USD/JPY is currently trading around 110.87 marks.
    It made intraday high at 111.34 and low at 110.85 levels.
    Today Japan released Labour cash earnings data with positive numbers at 0.9% m/m vs 0.0% previous release.
    Intraday bias remains bearish for the moment.
    Pair slips below 111.00 and confirms bearish trend for the moment.
    A daily close below 111.14 will take the parity down towards 110.66, 109.62 and 108.36 levels.
    On the top side, key resistance levels are seen at 111.79, 112.60, 113.43, 113.98 and 114.28 marks.

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  5. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    3D Systems names former HP exec as CEO

    3D Systems Corp, a 3D print maker, named Vyomesh Joshi, a former HP Inc. executive, as its president and chief executive. Joshi headed the printing business of HP, and he replaces Andy Johnson, who was serving as the interim president and CEO, the company said. 3D Systems has been struggling in the past 2 years, with its stock falling about 90% as investors raised questions about the viability of consumer 3D printers. Avi Reichental, its former chief executive, stepped down last year in a mutual agreement with the board.

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  6. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Fitch: China Hard Landing Unlikely But Reform Skepticism Rising

    Fitch Ratings' senior sovereign, banks and corporates analysts addressed the key questions on China most frequently asked by investors, in a Special Report published today. The report includes our views on the prospects for a hard landing, whether the yuan will be devalued, the likelihood of structural reforms, the nature of banking system risks, and the outlooks for ratings. Fitch believes strongly that China has the administrative and financial resources to avoid a disruptive slowdown to near-zero growth over the rating Outlook horizon of about two years - a factor underpinning the sovereign's 'A+' rating. However, high and rising leverage in the economy is a mounting source of systemic vulnerability, and has been the key reason why Fitch has not raised the sovereign into the 'AA' category. Moreover, the degree of clarity over the authorities' reform strategy remains low relative to the scale of risks. The risk of financial system stress will increase the longer credit expands faster than GDP, but it is not our base case that stress is imminent. The pace of credit growth means reported asset quality in the banking system could well deteriorate. But where and when NPL ratios will peak is less important for bank ratings than the evolution of banks' loss-absorption buffers. Buffers are stronger at state banks than at the mid-tier banks rated by Fitch, and these buffers have weakened faster among the mid-tier - owing to greater rapid credit expansion. Fitch thinks SOE restructuring is likely to be more gradual than the process in the late 1990s, with corporate indebtedness taking centre stage among investors' concerns. Asset swaps, mergers of entities or non-core subsidiaries being traded or swapped into other groups (including asset-management companies) is a much more likely outcome in the process of consolidating and reducing the overall number of SOEs, particularly at a national level. Mass privatisation is not a likely outcome.

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  7. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Canada agency fines bank for not reporting suspect transaction

    Canadian financial intelligence agency has fined a Canadian bank C$1.1 million ($837,330) for not reporting a suspicious transaction and various money transfers. The name of the bank was not disclosed. Financial Transactions and Reports Analysis Centre of Canada or Fintrac has penalized a bank for the first time.

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  8. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Nikkei Trades in Narrow Range , Good to Buy at Dips

    Major Support - 15500
    Major resistance - 16300
    The index has made a low of 15533 and recovered till from that level. It is currently trading around 15857.Intra day trend is slightly bullish as long as support 15500 holds .
    Any break below 15500 confirms minor weakness and decline till 15000/14750 is possible in short term.On the higher side minor resistance is around 15910 and break above targets 16300/16450.
    The index short term resistance is around 16450 and break above targets 16800/17000/17300.
    Short term bearish invalidation only above 17300.
    It is good to buy at dips around 15700 with SL around 15500 for the TP of 16000/16300

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  9. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    McDonald's Chairman Andrew McKenna to retire

    Chairman Andrew McKenna of fast food chain McDonald's has decided not to join a re-election as a member of the board, the company said. McDonald's said it had named McKenna as Chairman Emeritus following his retirement and would elect a new independent chairman following the election of directors by shareholders at its annual meeting on May 26. McKenna had been part of the company since 1991.

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  10. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Usd/sgd Flat in Ny Trading, ahead of 1.3550

    USD/SGD found solid resistance overnight, closes in NY at 1.3527
    Pair rose 0.4% on Thursday
    MAS policy review meeting to be held on Apr 14, no easing forecasted.

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  11. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Japan current account surplus rallies to 11-month peak

    Japan's current account surplus recuperated in February, touching its highest in nearly a year, as profits from investments and loans almost doubled. Official figures showed the current account was at ¥2.434 trillion ($2.24 billion) from ¥520.8 billion ($80.39 billion) in January. Exports were at ¥5.643 trillion month-on-month, up 5.3%. Imports were at ¥5.218 trillion, down 9.5%. The surplus expanded to ¥1.733 trillion in February, the highest since March 2015. Trade balance recouped to ¥425.2 billion surplus.

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  12. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Fxwirepro: Japanese Yen Strengthens on the Back of Higher Than expected Core Machinery Orders

    USD/JPY is currently trading around 107.98 marks.
    It made intraday high at 108.32 and low at 107.87 levels. Today Japan released core machinery orders data with positive numbers.
    Private sector machinery orders excluding ships and utility items fell a seasonally-adjusted 9.2% month-on-month in February, according to data released by Japan's Cabinet Office on Monday, after surging 15% in January. Analysts expected 11.9% decline in machinery orders in February.
    A daily close below 107.68 will take the parity down towards 107.43, 107.09 and 105.72 levels.
    On the top side, initial resistance levels are seen at 108.05, 109.68, 111.23, and 112.60 marks.

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  13. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Obama to hold meeting with Yellen Monday

    Seeking to talk over economic and regulatory matters, President Barack Obama will meet with Federal Reserve Chair Janet Yellen privately on Monday. The meeting emerges as the Fed head is experiencing difficulties in fine-tuning her bid to escalate interest rates in the wake of global economic degeneration. Obama and Yellen are awaited to discuss rules encompassing executive pay for top officials in the financial industry and whether the country's largest banks need to act more to remove “too big to fail” label without another taxpayer bailout. They are also expected to look into Wall Street revamp and long-term economic view.

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  14. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Fxwirepro: Usd/jpy Hovers Around Key Resistance at 108.04, Intraday Bias Remains Slightly Bullish

    USD/JPY is currently trading around 108.11 marks.
    It made intraday high at 108.26 and low at 107.87 levels.
    Today Japan released bank lending data with negative numbers at 2.0% m/m vs 2.2% previous release.
    Pair was seen trading at its weakest level in 18 months and touched 107.63 marks.
    Intraday bias remains slightly bullish till the time pair holds key support at 107.93 marks.
    A daily close below key support will take the parity down towards 107.43, 107.09 and 105.72 levels.
    On the top side, initial resistance levels are seen at 108.04, 109.68, 111.23, and 112.60 marks respectively.

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    InstaForex Gertrude Well-Known Member Trader

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    Obama, Yellen evaluate outlook for economic growth

    The White House said US President Barack Obama and Federal Reserve Chair Janet Yellen talked over views on US economic growth amidst improvement. White House spokesperson Josh Earnest mentioned the two leaders looked into the overall condition of the jobs market. Obama and Yellen, who met in the Oval Office, evaluated the measures espoused on during the former's term aimed at boosting the industry and safeguarding consumers. Earnest added both are concentrated on searching better opportunities for America's middle class people.

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    InstaForex Gertrude Well-Known Member Trader

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    Usd/idr to Open Higher Around 13160

    Pair eyeing to test 13200 on NDFs rally
    1 month NDFs traded 13190-13230 range overnight

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    InstaForex Gertrude Well-Known Member Trader

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    Saudi oil minister downplays prospect of oil output reduction

    Saudi Arabia Oil Minister Ali al-Naimi, during a significant meeting in Doha, Qatar, dwindled hopes for the likelihood of oil producers capping their output. When asked about the matter, al-Naimi simply said people should forget this matter. Investors have previously awaited al-Naimi to discuss an output cap, which might be the first step to attaining a collective slash in reducing oil output.

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  18. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Usd/cad Tech Neutral in Asia Trading, Wti down 0.1%

    Neutral momentum studies, 5, 10 & 20 daily & weekly MAs trend lower NY 1.2782 low & London 1.2897 high initial support/resistance

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    InstaForex Gertrude Well-Known Member Trader

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    Fitch: Korea Election Result Raises Reform Implementation Risks

    The South Korean government will find it more difficult to implement key structural reforms to boost long-term productivity, after the governing party lost in recently held elections, says Fitch Ratings. South Korea's long-term growth prospects face challenges from a series of structural factors. Reforms to rebalance the economy towards domestic demand and to boost productivity will be essential to ensure that potential growth rates do not fall significantly in the next decade. The election on 13 April resulted in the governing Saenuri Party falling to second place in the National Assembly with 122 of 300 seats. This will likely make passage of any potentially contentious legislation, including that pertaining to labour market and services sector reforms, more difficult. The previous parliamentary session, where the governing party held 146 seats, was already marked by political contention, with less than a third of bills introduced being passed. Saenuri hoped to reach the threshold of 180 seats needed to unilaterally pass legislation. Reforming and liberalising labour market regulation have been key planks of the South Korean government's economic policy agenda to boost productivity over the long term and sustain higher rates of economic growth. South Korea has historically benefited from high real GDP growth relative to its 'AA' category peers, but it faces constraints in both the near and long terms. Fitch expects GDP growth to remain below 3% in 2016 owing to lacklustre global demand. Over the longer term, low productivity growth and aging demographics could halve the potential growth rate from around 3% to 1.4% in the 2030s, according to calculations of the Korea Development Institute. Fitch has highlighted that structurally lower GDP growth than presently expected would be credit negative for South Korea, though indications that the economy could boost growth without causing a deterioration in household or public sector balance sheets would be positive. The changes in the National Assembly's composition are not likely to result in any significant changes or reversals in economic policy. The parliamentary elections do not mean a change of government - the next presidential elections are not due until December 2017. The Outlook on South Korea's 'AA-' rating remains Stable, with robust external finances and generally stable macroeconomic performance as key credit strengths.

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  20. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Usd/jpy Bounce to 109.16 from Yesterday Low 107.75

    USD1.1 bln option expiries 110.00 today, USD 1.847 bln tomorrow
    Crude oil bounce post-Doha

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