Forex News (from InstaForex) - page 45

 

Franc Little Changed Amid Swiss Unemployment Rate


At 1:45 am ET Monday, Swiss unemployment rate for August has released. The franc changed little against other major currencies after the data. The franc is now trading at 0.9385 against the greenback, 1.4681 against the pound, 1.2363 against the euro and 106.18 against the yen.

News are provided by InstaForex.

 

Philippine Export Growth Slows In July


Philippine export growth slowed in July, data published by the National Statistics Office showed Tuesday.

Exports rose 2.3 percent year-on-year to $4.836 billion in July, slower than 4.1 percent increase in June. Month-on-month, exports grew 7.7 percent.

Exports of electronic products, which accounted for 39.1 percent of the total exports revenue in July, increased 11.2 percent from a year earlier.

However, electronic product shipments slipped 5.7 percent month-on-month.

News are provided by InstaForex

 

Chart Focus: Dxy-Major 81.65/70 Support a Base at Present


Opens little changed - early JPY led profit taking dip short lived

Inside day - consolidates Mon's losses above 81.70, 50% of Aug/Sep rise

Momentum studies edge lower - ma's cresting - Bolli's positive

Conflicting signals usually result in choppy range trading

200 & 20 dma's & 81.67/70 & offshore 81.98 high initial sup/res

News are provided by InstaForex.

 

Options- Market Snapshot-Opening Comments


1wk vols open higher on FOMC inclusion

USD/JPY risk reversals remain bid after spot setback

Huge 99.50 USD/JPY expiry now focal

AUD/USD vols and skew higher since employment data hit AUD

News are provided by InstaForex.

 

Research: Eu Rates Review


Quotes from Societe Generale Cross Asset Research:

-EU: 10y swaps at 2.29% trading in a tight 4 bps range in Asia. Pipeline issuance for swaps seem to be touch slower with sovereigns competing for investors cash this week. The 2y10y spread crosses 180bps barrier, steepest since Jan 2012.

News are provided by InstaForex.

 

German Manufacturing Employment Rises In July

Germany's manufacturing employment increased in July from a year earlier, data from the Federal Statistical Office showed Monday.

The number of employees increased 0.5 percent year-on-year to 5.3 million. The greatest number of additions were reported by the automobile manufacturing industry, data showed.

The number of paid working hours increased 3.2 percent annually to 704 million hours. Employee earnings rose 4.9 percent year-on-year.

News are provided by InstaForex.

 

Indian Rupee Slides To 4-day Low Against U.S. Dollar


The Indian rupee drifted lower against the U.S. dollar in early deals on Tuesday.

The rupee reached a 4-day low of 63.5160 against the greenback, compared to Monday's close of 63.2960. The rupee may probably face support around the 65.3 level.

News are provided by InstaForex.

 

Research: Short-Term Outlook for Inr


Quotes from Standard Chartered:

-We have a short-term Neutral FX rating on the INR. The crucial FOMC outcome may lead to considerable US dollar volatility ahead of this. Also, in his 4 September speech, Governor Rajan mentioned the possibility of further FX stabilisation measures being announced at the monetary policy meeting. The absence of such measures could dent the INR optimism that has been visible since his appointment.

News are provided by InstaForex

 

Swiss Franc Advances To 1-week High Against Pound


The Swiss franc gained ground against the British pound in Asian deals on Thursday.

The franc reached a weekly high of 1.4697 versus the pound, compared to Wednesday's close of 1.4725. The next upside target for the franc is seen around the 1.46 level.

News are provided by InstaForex

 

Options- Market Snapshot-Opening Comments

Quiet day in Asia as spot markets consolidate post FOMC moves Volumes have found support after initial post FOMC sell off to long term lows

JPY related volumes saw decent demand from lows on topside covering

News are provided by InstaForex.

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