Forex News (from InstaForex) - page 80
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Gold Retains Gains on Hopes fED Will Delay Interest Rate Hike
Spot gold was little changed at $1,212.81 an ounce by 0030 GMT. The metal closed up 0.3 percent on Wednesday, after dropping to a six-week low of $1,197.56 earlier in the session. Fed policymakers expressed concern last month that raising rates too soon could pour cold water on the U.S. economic recovery, and fretted over the impact of dropping "patient" from the central bank's rate guidance. The minutes from the Fed's Jan. 27-28 policy-setting meeting, released on Wednesday, show officials grappling to square solid U.S. economic growth with the weakness in international markets, as well as worrying about falling inflation expectations in the United States. Global equity markets advanced on Wednesday while the dollar pulled back from earlier gains following the release of the Fed minutes. Gold had come under pressure in recent months from expectations the Fed will raise interest rates as early as June, potentially lifting the dollar and hurting non-interest-yielding assets like bullion. If interest rates are kept near record lows for longer, bullion's appeal could increase.
News are provided by InstaForex
Japan Manufacturing Sector Slows In February - Markit
The manufacturing sector in Japan continued to expand in February, albeit at a slower pace, the latest survey from Markit Economics showed on Friday with a PMI score of 51.5. That was well shy of forecasts for a score of 52.5, and it was down from 52.2 in January. The February reading represents a seven-month low score, although it remains above the boom-or-bust score of 50 that separates expansion from contraction. Among the individual components, the manufacturing output index was steady at 52.7, suggesting that production growth remains solid, Markit said.
News are provided by InstaForex
BoJ Minutes: Moderate Pace For Economic Recovery
The members of the Bank of Japan's monetary policy committee believe that the pace of the country's economic recovery remains moderate, minutes from the bank's policy meeting on January 20 and 21 revealed on Monday. They also noted that capital spending was on the upswing as corporate profits continued to grow. "Japan's economy has continued to recover moderately as a trend, and effects such as those of the decline in demand following the front-loaded increase prior to the consumption tax hike have been waning on the whole. Overseas economies -- mainly advanced economies --have been recovering, albeit with a lackluster performance still seen in part," the minutes said. The members did concede that they were likely to miss their desired inflation target of 2 percent following years of deflation - due mainly to tumbling energy prices. Citing lower crude oil prices, the BoJ downgraded its core inflation estimate for fiscal 2015 to 1 percent from 1.7 percent. But the central bank lifted the forecast for fiscal 2016 to 2.2 percent from 2.1 percent. "Inflation expectations appear to be rising on the whole from a somewhat longer-term perspective," the bank said. "The year-on-year rate of increase in the CPI is likely to slow for the time being, reflecting the decline in energy prices." At the meeting, the BoJ kept its monetary policy unchanged and lowered its near-term inflation forecast. The bank also extended its loan scheme by one year in order to encourage lending. The central bank also decided by an 8-1 vote to maintain its target of raising the monetary base at an annual pace of about JPY 80 trillion. The bank said major risks to the outlook are developments in the emerging and commodity-exporting economies, the prospects regarding the debt problem and the risk of low inflation rates being protracted in Europe, and the pace of recovery in the United States. The bank raised its fiscal 2015 growth outlook to 2.1 percent from 1.5 percent. For fiscal 2016, the bank projected 1.6 percent real growth instead of 1.2 percent. "Quantitative and qualitative monetary easing (QQE) has been exerting its intended effects, and the Bank will continue with the QQE, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner. It will examine both upside and downside risks to economic activity and prices, and make adjustments as appropriate," the bank said.
News are provided by InstaForex.
Japan Corporate Service Prices Rise 3.4% In January
An index measuring corporate Service prices in Japan was up 3.4 percent on year in January, the Bank of Japan said on Tuesday - coming in at 102.3. That was below expectations for an increase of 3.6 percent, which would have been unchanged from the December reading prior to a downward revision to 3.5 percent. On a monthly basis, prices dipped 0.5 percent after easing 0.1 percent in the previous month. Among the individual components, prices were lower for communications, transportation and leasing; they were higher for advertising, machinery repair and real estate.
News are provided by InstaForex
Nzd/usd Skips Higher Past 0.7500 to 0.7521, in Line With Aud
0.7534 50% Fibonacci of Jan/Feb decline coupled with 0.7535 overnight top as close resistance
More forex news at instaforex.com
Fx Vol Collapses: Rbc Capital
The collapse of FX vol that is underway with Yellen and Greece behind us, according to RBC Capital Research. The ECB's Global Hazard Index, at 9.95, is down more than 3 vols from Friday's close and at its lowest level since early-November. With vol and spreads in other asset classes already low, this has caused our overall Risk Aversion Thermometer to fall to almost one standard deviation risk seeking (-7.3) and its lowest level since last May. This is a positive background for riskier and higher-yielding currencies
News are provided by InstaForex
New Zealand Jan Money Supply Rises At Slower Rate
New Zealand's money supply growth slowed in January, figures from the Reserve Bank of New Zealand showed Friday. M3 money supply rose 6.2 percent year-on-year to NZ$283.745 billion in January. This follows a 6.3 percent rise in December. In the same month of the previous year, money supply had risen 6.5 percent. On a monthly basis, money supply growth eased to 0.2 percent in January from 1 percent in December.
News are provided by InstaForex
Australia Company Operating Profit Dips 0.2% In Q4
Gross operating profits for companies in Australia eased a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2014, the Australian Bureau of Statistics said on Monday. That was well shy of forecasts for an increase of 0.5 percent, which would have been steady from the previous three months. On a yearly basis, profits tumbled 5.9 percent. Wages and salaries added 0.3 percent on quarter and 0.8 percent on year, the bureau said, while inventories dipped 0.8 percent on quarter and 0.5 percent on year.
News are provided by InstaForex
Japan Monetary Base Surges 36.7% In February
The monetary base in Japan spiked 36.7 percent on year in February, the Bank of Japan said on Tuesday, coming in at 275.261 trillion yen. That follows the 37.4 percent annual surge in January. Banknotes in circulation added 3.7 percent on year, while coins in circulation added 0.8 percent. Current account balances climbed 63.6 percent, including a 64.6 percent spike in reserve balances. The adjusted monetary base climbed 43.2 percent on year to 285.688 trillion yen.
News are provided by InstaForex
Ecb Will Likely Revise Growth up and Inflation Down
After the announcement of the expanded asset purchase programme (quantitative easing - 'QE') in January, the European Central Bank (ECB) is widely expected to refrain from further new measures in the near term. Thursday's post-meeting press conference will likely focus on the updated ECB staff forecasts for the euro-area economy; Standard Chartered research notes: We expect growth to be revised upwards for 2015 and 2016, and inflation to be revised downwards in 2015. In addition, President Draghi will likely further clarify the QE programme, and may be questioned over how the ECB intends to deal with negative yields and a potential shortfall in sellers; e.g., of German Bunds. He is also likely to comment on Greek banks' access to ECB liquidity operations.
News are provided by InstaForex