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New Zealand Consumer Confidence Spikes In October - ANZ
Consumer confidence in New Zealand jumped in October, the latest survey from ANZ showed on Thursday.
The bank's consumer confidence index jumped 1.6 percent on month to a score of 122.9. That follows the 2.8 percent spike in September to 121.0.
The index score is the highest reading since the middle of last year, ANZ said, adding that the increase was driven by optimism over the direction of the economy.
News are provided byInstaForex.
U.S. Stocks Flat After Fed Minutes
The majority of the U.S. stocks were flat while the Federal Reserve minutes gave investors some indication as to when the next-rate increase would be. The minutes from the Fed's September meeting has shown that several of the policy makers called for the rate hike as ?relatively soon?, however members disagreed on the timing of the move.
The Dow Jones Industrial Average was up 0.1 percent to 18144.20. The S&P inched up 0.1 percent to 2139.18 and the Nasdaq Composite fell 0.1 percent to 5239.02. Real-estate stocks in the S&P 500 climbed 1.3 percent as utility stocks advanced by one percent. Investors are currently turning their attention to the earnings.
Alcoa declined by 2.9 percent to $27.11 a day. Illumina was down two percent to 136.18. Health-care stocks in the S&P 500 drove declines for the second consecutive session as the Nasdaq Biotechnology Index retreated by 2.5 percent. The yield on the 10-year U.S. Treasury note increased to 1.778 percent after investors found meager hints in the Fed minutes to confirm expectations of a rate hike in December.
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Japan M2 Money Stock Climbs 3.6% In September
The M2 money stock in Japan was up 3.6 percent on year in September, the Bank of Japan said on Friday - coming in at 943.2 trillion yen.
That followed the 3.3 percent gain in August. The M3 money stock advanced an annual 3.1 percent to 1,265.1 trillion yen after gaining 2.8 percent in the previous month.
The L money stock gained 1.8 percent to 1,653.7 trillion yen after picking up 1.6 percent a month earlier.
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Verizon Says Yahoo Email Data Breach Could Sink Deal
Verizon Communications Inc.'s attorney Craig Silliman told reporters that the U.S. wireless company has a rational basis to think Yahoo Inc.'s recent disclosure of a massive data breach of more than 500 million of its email accounts represented a material impact that could allow Verizon to pull out of its $4.38 billion deal to acquire the tech firm.
General Counsel Silliman told press people during a roundtable in Washington that the email breach could activate a clause within the agreement that would allow the Verizon to change the terms of the takeover or not press on with it. The counsel, who has been leading Verizon's review of the situation, refused to comment whether discussions are being held to renegotiate the acquisition price.
The takeover deal has a clause that states Verizon can withdraw from the agreement if a new development which could have a tangible and adverse effect on the business surfaces.
A Yahoo spokesperson expressed the company's confidence in Yahoo's value and that they will continue to make progress towards integration with Verizon.
Yahoo's shares closed down 1.75% at $41.62 while Verizon's shares were flat at $50.29, inching down 0.02%.
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UK House Prices Climb 0.9% In October - Rightmove
The average asking price for a house in the United Kingdom was up 0.9 percent on month in October, property tracking website Rightmove said on Monday - coming in at 309,122 pounds.
That follows the 0.7 percent increase in September.
On a yearly basis, house prices jumped 4.2 percent, up from 4.0 percent in the previous month.
The number of sales agreed jumped 6.0 percent on year.
By region, total available stock in the south jumped an annual 16 percent, while stock in the north dropped 11.0 percent.
News are provided byInstaForex.
Oil Prices Decline on Rising U.S. Oil Drilling Activity
The increase in the number of rigs in the U.S. and a slowdown in global economic growth which could undermine fuel appetite pulled down oil prices on Monday.
U.S. WTI crude futures were down 32 cents from their last close and were trading at $50.03 per barrel. A report on Friday showed that U.S. drillers added four rigs last week, marking the 16th straight week that drillers did not cut back, suggesting more production to come. Traders state report weighed down on the WTI
Meanwhile, the international Brent crude oil futures also declined, losing 20 cents from their last settlement down to $51.75 per barrel, weighed by elevated supply from the OPEC, which hit a record high of 33.6 million barrels per day last month.
The record output from OPEC, weak global GDP forecasts and still elevated stocks caused Bernstein Energy to lower and flatten their oil price outlook in a note to their clientele on Monday. It lowered its Brent estimate to $60 per barrel next year from the initial projection of $70 per barrel, and revised its 2018 prediction to $70 per barrel from the original $80 per barrel estimate.
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Fxwirepro: Usd/krw Rejects Key Resistance at 1,142, Bias Remains Neutral
USD/KRW is currently trading around 1,131 levels.
It made intraday high at 1,133 and low at 1,130 marks. Intraday bias remains neutral till the time pair holds key resistance at 1,142 levels.
A daily close above 1,142 will drag the parity higher towards key resistances at 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
On the other side, a sustained close below 1,128 will test key supports at 1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
In addition, South Korea?s Kospi was trading around 0.28 percent higher at 2,033.46 points. We prefer to go long on USD/KRW around 1,130, stop loss 1,117 and target 1,142/1,152.
News are provided byInstaForex.
Oil Prices Fall as Market Awaits OPEC Intervention
Oil prices edged down on Monday amid growing indications of noncooperation among OPEC members after the group's deal to reduce supply and market speculation that any benefit the oil market has gained from the agreement has already been priced in.
U.S. crude futures lost 41 cents or 0.81%, settling down at $49.94 a barrel while Brent crude futures shed 43 cents or 0.83% down to $51.52 a barrel. Gasoline futures posted a smaller decline, inching down 0.08% at $1.4924 a gallon. Diesel futures also settled down 1.12 cents or 0.71% to $1.15561 a gallon.
While OPEC's plan to cut production last month has lifted oil markets in the recent weeks, its lack of details on how much each participating nation will be required to cut and conflicts over how the cartel computes countries' production is seen to hamper the deal.
On Monday, Ali Kardor, managing director of National Iranian Oil Co. deemed output estimates compiled by OPEC to be unacceptable, adding that Iran has produced than what the cartel has reported in the previous month.
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Fxwirepro:nikkei Trades Higher on Weaker Yen, Good to Buy on Dips
Nikkei225 has made a steady gains after making a minor bottom at 16641 on 13th Oct 2016. Japanese index is rising sharply for the past two trading session on account of weaker Yen.It is currently trading around 16971.
Technically in the 4H chart the index takes support at 55- 4H EMA and slightly jumped from that level.Short term weakness can be seen only below 16731 (200- 4H MA).
On the higher side, resistance is around 17000 and any break above targets 17159 (Sep 2nd 2016 high)/17300/17500.Nikkei should break above 17159 for further bullishness.
The major support is around 16850 (55- 4H EMA) and any break below targets 16730 (200- 4H MA) /16532 (200-day MA).
It is good to buy on dips around 16800 with SL 16700 for the TP of 17000/17160.
News are provided byInstaForex.
Dollar Stable as Focus on Fed Policy
The U.S. dollar was slightly weaker for the second consecutive day while investors profited from its recent strength and also assessed if the Federal Reserve will increase interest rates by year end. The greenback rallied by nearly three percent since the end of September.
The dollar index was last flat at 97.890. Weaker U.S. economic data, which includes unsatisfactory retail sales, has led investors to earn some profit. Recent data has shown that U.S. consumer prices reported their largest gain in five months in December. One of the best performers against the U.S dollar was the British pound, which last increased by 0.92 percent at $1.2294.
The market also directed their attention on the European Central Bank meeting which is expected to maintain the policy unchanged, according to several traders polled by Reuters.
News are provided byInstaForex.