Forex News (from InstaForex) - page 42
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Chart Focus: Aud/nzd Reaches Lower Channel Support
Source: Thomson Reuters
Persistent decline reaches lower channel support at circa 1.14
Buyers evident around the lows - daily candle shows long wick
Eager bears advised to wait for corrective rally to resistance to short
Only a clear channel breakout / above 50 day MA changes bearish outlook
News are provided by InstaForex.
U.S. Dollar Recovers Slightly Against European Majors
The U.S. dollar recouped from some of its early losses against European major currencies in the Asian session on Monday.
The greenback is now trading at 0.9288 against the franc, 1.3276 against the euro and 1.5378 against the pound, recovering from its early lows of 0.9269, 1.3293 and 1.5403, respectively.
News are provided by InstaForex.
Singapore Dollar Off 11-day Low Against U.S. Dollar
The Singapore dollar recovered from its early low against the U.S. dollar in Asian deals on Tuesday.
The Singapore dollar is now trading at 1.2683 against the greenback, off an early 11-day low of 1.2703. The pair closed Monday's trading at 1.2671.
News are provided by InstaForex.
Australia's Private Sector Credit Growth Quickens In June
Australia's private sector credit increased at a slightly faster pace in the month of June, a report from the Reserve Bank of Australia showed Wednesday.
Total credit provided by banks to the private sector increased 0.4 percent sequentially in June, after recording a 0.3 percent gain in May.
Credit provided to the housing market moved up 0.4 percent month-on-month, and other personal credit grew by 0.2 percent. There was a 0.5 percent monthly growth in business credit during the month..
On an annual basis, total credit increased 3.1 percent in June, a tad faster than the 3 percent growth seen in the previous month.
The report further noted that Australia's broad money supply increased 0.4 percent on a monthly basis in June, as it did in the previous month. The intermediate, or M3, money supply also logged a 0.4 percent sequential increase during the month.
News are provided by InstaForex.
Russia Manufacturing Contracts For First Time Since 2011
Russia's manufacturing activity contracted in July for the first time since August 2011, a survey compiled by Markit Economics showed Thursday.
The HSBC Purchasing Managers' Index fell to 49.2 from June's four-month high of 51.7. A reading below 50 suggests contraction.
It was the first negative reading since August 2011, and the lowest figure since December 2009. Central to the overall deterioration was a flat trend in new orders.
A lack of incoming new work in July led to a drop in production, the first such fall since July 2009. Input prices rose at the fastest rate in seven months. Output price inflation also hit a seven-month high, but remained modest overall.
News are provided by InstaForex.
Research: Usd/jpy Review
Quotes from RBC Capital Markets:
-USD/JPY rallied as high as 99.70 overnight to cap a 200pt 24-hour rally. Spot had slipped 30pts at the time of writing.
News are provided by InstaForex.
Amended: Malaysia's June Exports Fall Less Than Forecast
Corrects headline and introduction
Malaysia's exports declined in June mainly due to reduced shipment of electronic products, official data revealed Monday.
Exports were down 6.9 percent from the previous year, the Department of Statistics said. The rate of decline was less the expected 7.4 percent drop. There were marked reduction in exports of electronic products, optical and scientific equipment and palm oil.
On the other hand, imports grew 1.3 percent. It was forecast to rise by 4.8 percent. Imports of intermediate goods increased 3.5 percent and consumption goods rose 2.4 percent.
On a monthly basis, exports advanced 1.7 percent to MYR 56.75 billion, while imports dropped 0.9 percent to MYR 52.43 billion. As a result, the trade surplus totaled MY.
News are provided by InstaForex.
Japan Leading Index Falls In June
Japan's leading index slipped in June, reversing a rising trend seen since December 2012, preliminary data from the Cabinet Office showed Tuesday.
The leading index that is applied to assess future changes in the direction of the economy, declined more than expected to 107 in June from 110.7 in May. Economists had forecast the index to drop to 107.3.
Suggesting that the economy is in a contraction phase, the coincident index fell to 105.2 from 106 in May. The reading expected for June was 105.1.
Meanwhile, the lagging index, which measures past performance of the economy, improved to 110.6 from 110.1 a month ago.
News are provided by InstaForex.
Indian Rupee Declines Against U.S. Dollar
The Indian rupee slipped against the U.S. dollar in early deals on Wednesday.
The rupee declined to 61.3625 against the greenback, staying closer to a new record low of 61.81 hit on Tuesday. The pair ended yesterday's trading at 60.7905.
http://instaforex.com/forex-news.php]News are provided by InstaForex.
Singapore Dollar Strengthens To 10-day High Against U.S. Dollar
The Singapore dollar firmed against the U.S. dollar in the Asian session on Thursday.
The Singapore dollar climbed to a 10-day high of 1.2629 against the greenback, compared to yesterday's closing quote of 1.2670. The Singapore dollar rises further, it may probably face resistance around the 1.26 level.
News are provided by InstaForex.