Forex News (from InstaForex) - page 73

 

Aud/usd Modestly Higher on mixed Bag of Aus Data



Retail sales came in at 1.2% m/n; forecast 0.4%; prior 0.1%

Trade deficit bln; forecast bln; prior 787mln

Exports +1.0%; prior -2.0%; Imports +6.0% - prior -3.0%

AUD/USD spikes from 0.8686 to session high of 0.8710 on release


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Usd/sgd Risks Peak/through ahead of US Payrolls


Rise in PMI data, crosses seen supportive of SGD intraday Oct PMI rose to 51.9 from 50.5 last Stops eyed below 1.2880, but should attract fresh bids ahead of 1.2850 USD/SGD traded 1.2885-1.2912 range overnight, closed 1.2887-89 in NY

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Australia Jobless Rate Unchanged At 6.2% In October


The unemployment rate in Australia came in at 6.2 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations. The Australian economy added 24,100 jobs in October - beating forecasts for a gain of 20,000 following the loss of 23,700 in September. The participation rate was 64.6 percent, also topping expectations for 64.5 percent - which would have been unchanged.

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Lack of Resistance Suggests Bulls Should Remain Long for Now for Usd/jpy


Daily close above 115 round number shows bulls remain strong No significant resistance above 115 until 120 round number Hard to find low risk long entries - price far above MAs / recent highs Period of consolidation would be healthy - allow MAs to catch up

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Australia Home Loans Fall 0.7% In September



The total number of home loans issued in Australia was down a seasonally adjusted 0.7 percent on month in September, the Australian Bureau of Statistics said on Monday - standing at 51,465. That missed expectations for a decline of 0.4 percent following the 0.9 percent drop in August. The total value of home loans advanced 1.4 percent on month to A$16.930 billion following the upwardly revised 1.9 percent decline a month earlier (originally -2.0 percent). Investment lending jumped 3.7 percent on month in September to A$11.940 billion. That follows the upwardly revised 0.7 percent increase in the previous month (originally -0.1 percent). The total value of dwelling finance commitments excluding alterations and additions rose 2.3 percent.

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Usd/thb edged Higher O/n, Follows Fresh Spike in Usd Overseas



Pair to test last Friday's high at 32.92, 33.00 tgt on cards next Weak growth, dovish BOT adds to weak THB outlook USD/THB traded 32.75-32.83 range overnight, closed 32.80-32.82 in NY

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Usd/php Likely to Test 45.0, if Bsp Do Not Hinder


Bullish USD theme stays supp; rally may extend to 45.10 Pair capped by good exports number, stocks rally yesterday NDFs traded 44.95-45.01 range overnight, ended 44.92-44.97 in NY

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Japan September Core Machine Orders Climb 2.9%


Core machine orders in Japan jumped 2.9 percent on month in September, the Cabinet Office said on Thursday - worth 831.6 billion yen. The headline figure topped forecasts for a decline of 1.0 percent but down from the 4.7 percent increase in August. On a yearly basis, core machine orders jumped 7.3 percent - also blowing away forecasts for a decline of 0.3 percent following the 3.3 percent jump in the previous month. The total number of machinery orders, including those volatile ones for ships and from electric power companies, jumped 8.0 percent on month but fell 2.4 percent on year Manufacturing orders climbed 12.0 percent on month and 13.4 percent on year to 363.7 billion yen in September, while non-manufacturing orders added 1.7 percent on month and 3.5 percent on year to 478.3 billion yen. Government orders surged 21.0 percent on month but plummeted 28.5 percent on year to 256.5 billion yen. Orders from overseas lost 9.4 percent on month and 4.7 percent on year to 955.2 billion yen. Orders from agencies added 2.5 percent on month and 10.0 percent on year to 105.3 billion yen. For the third quarter of 2014, core machine orders advanced 5.6 percent on quarter and 2.4 percent on year to 2,411.0 billion yen. Total machine orders dropped 14.9 percent on quarter and added 0.7 percent on year to 6,678.5 billion yen. For the fourth quarter of 2014, core machine orders are forecast to have fallen 0.3 percent on quarter and added 1.6 percent on year to 2,404.9 billion yen. Also on Thursday, the Bank of Japan said that its index measuring domestic corporate service prices in Japan was down 0.8 percent on month in October, standing at 105.5. That missed forecasts for a decline of 0.4 percent following the upwardly revised flat reading in September (originally -0.1 percent). On a yearly basis, prices advanced 2.9 percent - also below expectations for an increase of 3.3 percent following the 3.6 percent gain in the previous month. Export prices were down 0.6 percent on month and 1.7 percent on year, the data showed, while import prices tumbled 1.6 percent on month and 2.8 percent on year.

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Usd/jpy in Holding Pattern Near 116.11 Recent Trend High



Offers still from ahead of 116.00 to 116.15, stops above, more 116.50+. Japanese exporters, profit-takers in offer mix. Dip overnight to 115.31, New York takes it back up, Japanese in bid mix. Japanese importers, investors, a number of speculators still take buy-dip strategies

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Cft: Usd Speculators' Positions Still at Highs


Speculators' position composition shifts slightly but net USD longs stays at high

EUR shorts pared from -179k to -164k but made up for in JPY and GBP

JPY shorts (-82k) only a little more than half the level from December 13

Either speculators missed trade completely or the conviction not as strong as hype


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