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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    Japan November Trade Surplus Y152.513 Billion

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    Japan posted a merchandise trade surplus of 152.513 billion yen in November, the Ministry of Finance said on Monday.

    That was shy of expectations for a surplus of 227.4 billion yen following the 496.2 billion yen surplus in October.

    Exports were down 0.4 percent on year to 5.956 trillion yen, beating expectations for a decline of 2.3 percent following the 10.3 percent fall in the previous month.

    Exports to all of Asia gained 3.4 percent on year to 3.235 trillion yen, while exports to China alone climbed 4.4 percent to 1.103 trillion yen.

    Exports to the United States skidded an annual 1.8 percent to 1.211 trillion yen, while exports to the European Union slid 2.2 percent to 633.258 billion yen.

    Imports slipped an annual 8.8 percent to 5.804 trillion yen versus expectations for a decline of 12.1 percent following the 16.5 percent tumble a month earlier.

    Imports from the rest of Asia dropped 7.7 percent on year to 2.883 trillion yen, while imports from China alone slid 9.9 percent to 1.4876 trillion yen.

    Imports from the United States fell 5.1 percent to 630.121 billion yen, while imports from the European Union dropped 13.3 percent to 716.954 billion yen.

    The adjusted trade surplus was 536.1 billion yen, missing expectations for 590.5 billion yen and up from 474.3 billion yen in October.

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  2. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Japan November Trade Surplus Y152.513 Billion

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    Japan posted a merchandise trade surplus of 152.513 billion yen in November, the Ministry of Finance said on Monday.

    That was shy of expectations for a surplus of 227.4 billion yen following the 496.2 billion yen surplus in October.

    Exports were down 0.4 percent on year to 5.956 trillion yen, beating expectations for a decline of 2.3 percent following the 10.3 percent fall in the previous month.

    Exports to all of Asia gained 3.4 percent on year to 3.235 trillion yen, while exports to China alone climbed 4.4 percent to 1.103 trillion yen.

    Exports to the United States skidded an annual 1.8 percent to 1.211 trillion yen, while exports to the European Union slid 2.2 percent to 633.258 billion yen.

    Imports slipped an annual 8.8 percent to 5.804 trillion yen versus expectations for a decline of 12.1 percent following the 16.5 percent tumble a month earlier.

    Imports from the rest of Asia dropped 7.7 percent on year to 2.883 trillion yen, while imports from China alone slid 9.9 percent to 1.4876 trillion yen.

    Imports from the United States fell 5.1 percent to 630.121 billion yen, while imports from the European Union dropped 13.3 percent to 716.954 billion yen.

    The adjusted trade surplus was 536.1 billion yen, missing expectations for 590.5 billion yen and up from 474.3 billion yen in October.

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  3. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Japan Exports Edged Up in November as Yen Weakens

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    Japan's export performance rose robustly in November as the yen continued to weaken and the improvement in overseas demand buoyed shipments from the trade sector. Exports slipped 0.4 percent in the year to November, according to the Ministry of Finance (MOF) data. However, it exceeded economists' expectations of a 2.0 percent annual decline.

    The value of exports to China increased at an annual 4.4 percent, the first rise in nine months as a result of higher shipments of automobile parts. Exports in terms of volume climbed 7.4 percent from a year earlier, as external demand begin to show signs of regaining ground. Data has shown that exports dropped in November at a slower pace due to the declining value of car and steel shipments in comparison to the previous month. Exports to the United States edged down 1.8 percent year-on-year against the 11.2 percent annual decline in October.

    The trade balance arrived at a surplus of 152.5 billion yen ($1.29 billion). The yen dropped 8.4 percent in November, which resulted in pulling up the value of Japanese exports.

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  4. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    RBA Minutes: Economy Expected To Rebound Next Year

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    Members of the Reserve Bank of Australia's monetary policy board said that the country's economic growth has slowed in recent months but is expected to rebound after the first of the year, minutes from the December 6 meeting revealed on Tuesday.

    Policymakers expect higher commodity prices to boost national income, the minutes showed. The global economy has been generally more positive in recent months.

    Inflation is expected to remain low, while wages appear to be on an upward trend. "The board had sought to balance the benefits of lower interest rates in supporting growth and achieving the inflation target with the potential risks to household balance sheets," the minutes said.

    At the meeting, the bank decided to hold its benchmark lending rate steady at the record low of 1.50 percent.

    Higher commodity prices underpinned a rise in terms of trade, although they remain much lower than they have been in recent years. Higher prices are providing a boost to national income.

    "Members noted that these factors had assisted the economy in its transition following the mining investment boom and that an appreciating exchange rate could complicate the adjustment," the minutes said.

    Regarding the labor market, the bank said the unemployment rate has declined this year, while employment growth overall has slowed. The forward-looking indicators point to continued expansion in employment in the near-term.

    The bank also observed that conditions in the housing market have strengthened overall, although they vary considerably around the country. Further, the bank said housing credit has picked up a little, although turnover of established dwellings is lower than it was a year ago.

    "The board judged that holding the stance of policy unchanged would be consistent with sustainable growth in the economy and achieving the inflation target over time," the minutes said.

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  5. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Dollar Trims Losses Following Janet Yellen Comments

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    The dollar pared losses after Federal Reserve Chairwoman Janet Yellen restated her confidence in the U.S. job market. The WSJ Dollar Index rose 0.2 percent to 93.22.

    Yellen has recently discussed the developments in the labor market which have pulled down the unemployment rate to 4.6 percent. The central bank has improved its projections for the interest-rate hike in 2017. The optimism of the Fed drove the dollar to a 14-year peak as higher rates make U.S. assets more appealing to yield-seeking investors. The dollar was lower against the Japanese yen at 0.6 percent to ¥117.145. It follows a sharp drop in the Japanese yen in recent weeks that has helped boost Japanese exports and inflation expectations.

    The Turkish lira and Russian rouble both declined to session lows versus the greenback on reports that the Russian ambassador to Turkey was assassinated in a gun attack at an art gallery in the Turkish capital of Ankara. The lira last fell by nearly 0.6 percent at 3.525 a dollar and the rouble reached a session low of 62.045 a dollar before backtracking to 61.854, as stated in the Reuters data.

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  6. IFX Yvonne

    IFX Yvonne Well-Known Member Trader

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    Dollar Climbs to 14-Year High

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    The dollar soared to a fresh 14-year peak, as the Japanese yen fell after the Bank of Japan's decision to leave its monetary policy unchanged. The dollar index rose more than 0.1 percent at 103.31 after reaching 103.65, its highest since December 2002.

    The BOJ's upbeat outlook follows amid an 11 percent decline in the yen since the U.S. presidential election and the earlier week's Federal Reserve meeting which sent the dollar surging. The benchmark 10-year Treasury yield rose beyond two basis points at 2.562 percent. The dollar rebounded against the yen after the Bank of Japan left policy unchanged as predicted.

    The euro edged down 0.1 percent versus the dollar and the British pound slipped 0.2 percent. The greenback rose 0.6 percent at 117.72. The Turkish lira was stable at 3.5300 liras per dollar.


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  7. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    New Zealand GDP Expands 1.1% In Q3

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    New Zealand's gross domestic product was up 1.1 percent on quarter in the third quarter of 2016, Statistics New Zealand said on Thursday.

    That beat forecasts for an increase of 0.8 percent following the 0.7 percent gain in the previous three months.

    Business services advanced 2.0 percent on quarter, due to scientific, architectural and engineering services, the bureau said.

    Transport was up 3.7 percent, due to increases in road, air, and transport support services.

    Manufacturing was up 1.2 percent, due to food, beverage, and tobacco manufacturing; and transport equipment, machinery and equipment manufacturing.

    Construction was up 2.1 percent, due to increases in all the construction sub-industries. In all, 13 of the 16 GDP industries saw an increase in the third quarter.

    Expenditure on gross domestic product grew 1.4 percent in Q3.

    Household consumption expenditure was up 1.6 percent, driven by spending on services and non-durable goods.

    Investment in fixed assets was up 1.4 percent, due to increased investment in transport equipment and residential building. Exports of goods and services fell 0.7 percent.

    Imports of goods and services added 1.2 percent, due to imports of transport equipment, including aircraft purchases.

    Inventories ran down $200 million, due to a decrease in manufacturing inventories.

    Also on Thursday, the bureau said that New Zealand posted a seasonally adjusted current account deficit of NZ$1.899 billion in the third quarter of 2016.

    The services surplus fell NZ$16 million to NZ$1,006 million in the third quarter. The investment income deficit added NZ$71 million to NZ$2,040 million in the latest quarter.

    The balance of goods was a NZ$686 million deficit (NZ$190 million larger than Q2 deficit).

    For the year ended September 2016, the current account deficit was NZ$7.5 billion.

    New Zealand's external debt position was NZ$148.5 billion (58.0 percent of GDP) at 30 September 2016, up from a revised NZ$141.4 billion (55.9 percent of GDP) at 30 June 2016.

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  8. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Dollar Loses Ground Ahead of Holidays

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    The dollar fell from its 14-year peak against a basket of currencies, ahead of the holidays and the release of a batch of U.S. economic data. The dollar index was last at 103.02.

    The greenback's retreat was limited as the Federal Reserve indicated further rate hikes next year, somewhat on expectations for speedy economic growth under the upcoming Trump Administration. The market is currently focused on the huge batch of U.S. economic data, which includes revised GDP for July-Sept, weekly initial unemployment claims and durable goods orders. The euro climbed 0.4 percent to $1.0424 and the yen rose 0.25 percent to 117.55 a dollar.

    The Swedish crown tracked its largest gains in around ten months against the euro after the central bank of Sweden voted to extend its bond buying programme. The euro was down nearly one percent to 9.6077 crowns, its largest one-day decline since February.

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  9. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Fxwirepro: Usd/krw Remains Well supported Above 1,200 Mark, sustained Close Above 1,206 Targets 1,220

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    USD/KRW is currently trading around 1,203 levels.

    It made intraday high at 1,203 and low at 1,201 marks.

    Intraday bias remains neutral till the time pair holds key support at 1,195 levels.

    A daily close above 1,206 will drag the parity higher towards key resistances at 1,209 (20D EMA), 1,220 (March 03, 2016 high) and 1,244 marks respectively.

    On the other side, a sustained close below 1,195 will test key supports at 1,182/1,172/1,168/1,160/1,152/1,146/1,132/1,127/1,117/1,111/1,101 levels respectively.

    Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

    We prefer to take long position in USD/KRW around 1,201, stop loss at 1,195 and target of 1,220/1,228.

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  10. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Gold Steady as Traders Focus on Fed Rate Hikes

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    Gold prices eased as the dollar gained in thin trading and on expectations that the U.S. Federal Reserve will raise interest rates more in 2017. Spot gold edged down 0.27 percent at $1,128.4 an ounce.

    U.S. gold futures for February delivery settled down 0.22 percent at $1,130.70 an ounce. Recent evidence of U.S. economic strength could incite the Fed to tighten credit again sooner than later. Higher rates tends to discourage purchasing of non-interest paying bullion, that is priced in dollars. SPDR Gold Trust said that holding were down 0.43 percent to 824.54.

    Silver fell 0.94 percent at $15.78 per ounce. Platinum slipped 0.78 percent to $907.80 while palladium dropped for the seventh consecutive session, by 0.57 percent to $653.72 per ounce.

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  11. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Japan Inflation Jumps 0.5% In November

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    Consumer prices in Japan were up 0.5 percent on year in November, the Ministry of Internal Affairs and Communications said on Tuesday 0 accelerating from the 0.1 percent gain in October.

    But core CPI, which excludes food prices, sank 0.4 percent on year for the second straight month.

    On a monthly basis, both overall and core CPI were flat.

    Overall inflation for the Tokyo region, considered a leading indicator for the nationwide trend, was flat on year in December after rising 0.5 percent in November.

    Core CPI slid 0.6 percent on year in December after falling 0.4 percent in November.

    On a monthly basis, overall inflation fell 0.4 percent and core CPI shed 0.1 percent.

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  12. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Super Mario Run's Reign as Highest-Grossing App Ends

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    As of December 24, Nintendo Co.'s debut mobile smartphone game, Super Mario Run was no longer the highest-growing iOS application in any country, researcher App Annie reported.

    Since its release on December 12, Super Mario Run held the top spot as the most profitable app in 49 countries. While the top is still the top free app downloaded in 88 countries, it has declined from a peak of 138 logged in December 17.

    The decline in ranking may reflect the issue of consumers with the app's price. While it can be downloaded free of charge, users are required to pay $10 in order to progress beyond the first three levels of Super Mario Run.

    This is contrary to the industry's standard, where majority of mobile games can be played for free but encourages its players to purchase in-game items, a system generally preferred by fans. The steep $10-dollar price tag is also criticized by many gamers, and according to Apptopia Inc., only 1% to 2% of people who have downloaded the app will acquire the full version.

    Still, the company's shares surged as high as 4.8% on Monday as investors are perceived to have priced in most of the negative feedback. Nintendo's share los as much as 20% from December 12 until last week as the game's troublesome launch raised concerns regarding the company's capacity to continue its push into the mobile platform.

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  13. IFX Yvonne

    IFX Yvonne Well-Known Member Trader

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    EU business groups under pressure to support free trade pact

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    Brexit supporters urged European business groups to push their respective governments for a sensible free trade pact with the United Kingdom.

    In a letter to the association of businessmen in other EU countries, Leave Means Leave asked them to seek a sensible accord about the provisions of the UK's exit from the bloc. It reiterated trade hurdles would create an adverse impact.

    The group, which also pressed for continuous trade and near-zero tariffs, noted several significant elections taking place in different EU nations in 2017.

    Advocates added companies throughout Europe will want trade with Britain to remain the same following Brexit and any implication of hindrances will be refuted.

    Former British Chambers of Commerce head John Longworth and Leave Means Leave co-chair Richard Tice signed the letter.



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  14. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Fxwirepro: South Korean Won Almost Flat Against Major Peers Despite Robust Industrial Output, Service Sector Output Data

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    EUR/KRW is currently trading around 1,259 mark.
    Pair made intraday high at 1,260 and low at 1,258 levels.
    Intraday bias remains neutral for the moment.
    A sustained close above 1,260 will take the parity higher towards key resistances around 1,266, 1,272, 1,280 and 1,287 marks respectively.
    On the other side, a consistent close below 1,260 will drag the parity down towards key supports around 1,253, 1,242, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
    Seoul kospi shares open down 0.20 pct at 2020.42.
    South Korea’s Jan BOK manufacturing BSI decreases to 73 vs previous 74.
    South Korea’s November industrial output growth increases to 3.4 % (forecast 1.0 %) vs previous -1.7 %.
    South Korea’s November industrial output y/y increases to 4.8 % (forecast 2.2 %) vs previous -1.3 % (revised from -1.6 %).
    South Korea’s November service sector output growth increases to 0.1 % vs previous -0.3 % (revised from -0.2 %).
    Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
    We prefer to go short on EUR/KRW around 1,260 with stop loss at 1,266 and target of 1,252/1,248.

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  15. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Gold Edges Up, Buoyed by Lower Asian Equities

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    Gold prices edged up, lifted by the softer dollar and relatively lower Asian equities. Spot gold inched up 0.2 percent to $1,144.36 per ounce.

    U.S. gold futures climbed 0.4 percent at $1,145.40 an ounce. The Shanghai Gold Exchange said that it will limit the amount of gold investors are able to trade at a time, a move which analysts claim could restrain the influence of institutional investors towards prices. Investors continue to cut holdings in bullion-backed exchange-traded funds, as assets have been down 1.1 metric tons to 1,778 tons as of Tuesday, the lowest since May, according to Bloomberg data.

    Commerzbank AG is one of the banks that has flagged potential support for bullion next year, which remains 7.7 percent higher in 2016 despite its decline in the fourth quarter. According to the lender, uncertainty in association with Trump's presidency and the U.K.'s discussions to leave the European Union could support gold.

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  16. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Philippines Manufacturing PMI Slows In December - Nikkei

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    The manufacturing sector in the Philippines continued to expand in December, although at a slower rate, the latest survey from Nikkei revealed on Tuesday with a PMI score of 55.7.

    That's down from 56.3 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

    Individually, output growth quickened while total new orders rose at a slower rate.

    Vendor performance deteriorated for the first time in survey history, while input cost inflation was at a survey record high.

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  17. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Tesla Postpones Brexit Price Increases for U.K. Buyers

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    The plans of Tesla Motors Inc. to raise prices by five percent in the U.K. was postponed until Jan. 15 from the initial start of the year deadline, according to its latest statement. Vehicles that were previously ordered and built by mid-April will still have free access to to the firm's Supercharger battery network which is otherwise subject to new fees.

    Tesla is raising prices in Britain in regards to the pound's decline since the U.K.'s referendum in June to leave the European Union. The Palo Alto has given clients a week's notice of the change. According to its website, the Model S currently costs 58,900 pounds ($72,400), that claims drivers save nearly 6,500 pounds on gasoline and taxes in a five-year period.

    Consumers from the U.K. were hit by price increases from several firms since the June's referendum. Apple Inc. increased the price of a few of its laptops by almost 20 percent, while Tesco Plc pulled out items from its shelves in October as a result of the Brexit-inspired price discord with Unilever Plc.

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  18. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Japan Manufacturing Sector Picks Up Steam - Nikkei

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    The manufacturing sector in Japan continued to expand in December and at a faster rate, the latest survey from Nikkei revealed on Wednesday with a manufacturing PMI score of 52.4.

    That's up from 51.3 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

    Individually, operating conditions improved at the sharpest rate since December 2015. Production and new orders both expanded at their quickest rates of the year.

    In addition, cost inflationary pressures accelerated to a 17-month high.

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  19. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Gold Prices Edge Down as Dollar Hovers Near 14-Year Highs

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    Gold prices were lower after reaching a three-week peak during the previous session, as the U.S. dollar wavered near 14-year highs against a basket of major currencies. Spot gold was 0.2 percent lower at $1,156.96 per ounce.

    U.S. gold futures slid 0.4 percent to $1,157.70 an ounce. The dollar index was last at 103.34 after rising to 103.82 the previous day, its strongest since December 2002. Holdings of the SPDR Gold Trust fell 1.01 percent to 813.87 tonnes. In December, $2.27 billion was pulled out of the world's biggest exchange-traded fund backed by the precious metal. This was the the third consecutive monthly loss and the largest since May 2013.

    Platinum futures climbed by over four percent at $944.20 per troy ounce while palladium was 3.9 percent higher at $709.90 per troy ounce. Silver prices closed up 2.6 percent to $16.409 per troy ounce.

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  20. InstaForex Gertrude

    InstaForex Gertrude Well-Known Member Trader

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    Singapore Private Sector PMI Slows In December - Nikkei

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    The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from Nikkei revealed on Thursday with a PMI score of 52.0.

    That's down from 52.8 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

    Individually, expansion in both output and total new orders continued at slower rates, although employment climbed at a survey record pace.

    December also saw the largest recorded monthly increase in changes amid rising costs.

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