Thread: Forex News from InstaForex

Fxwirepro: Yen Gains in Early Hours of Asia on the Back of Higher Than expected Sppi Data





USD/JPY is currently trading around 104.91 marks.
It made intra-day high at 105.89 and low at 104.76 levels. Intraday bias remains slightly bearish for the moment.
A daily close above 106.12 will take the parity higher towards key resistances around 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 105.42 will drag the parity down towards key supports at 104.62, 103.97, 102.45, 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.
Today Japan released SPPI data with positive numbers at 0.2% m/m vs 0.1% m/m consensus forecast.
It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.


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Asian Stocks Stumble Ahead of Central Bank Meetings





Asian stocks fell after U.S. equities retreated from record highs ahead of policy meetings by the Bank of Japan and by the Federal Reserve this week.


The MSCI Asia Pacific index was down 0.2% to 133.90 as of 9:04 am in Tokyo trading. Japan's Topix index slid 0.7%, falling for a third consecutive day as the yen exchanged at 105.57 versus the dollar. South Korea's Kospi Index also dropped 0.2%. Futures on the FTSE China A50 Index were minimally changed in the latest trading, while the Hang Seng Index dropped lost 0.7%.


New Zealand's S&P/NZX 50 Index retreated by 0.1% following a record high on Monday while Australia's S&P/ASX 200 Index was down 0.2%.


The BOJ is highly expected to further stimulus after the policy meeting on July 29, while the Fed is predicted to keep interest rates unchanged on Wednesday, according to a Bloomberg poll of analysts.


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Fxwirepro: Aussie Gains Against Major Peers ahead of Cpi Data





AUD/NZD is currently trading around 1.0654 marks.
Pair made intraday high at 1.0656 and low at 1.0623 marks. Intraday bias remains bullish till the time pair holds key support at 1.0610 levels.
On the top side, a sustained close above 1.0727 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
Alternatively, a sustained break below 1.0610 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
Australia will release CPI data at 0130 GMT. Markets anticipate a 0.4% Q/Q rise in the CPI for the June quarter vs -0.2% Q/Q previous release.


News are provided byInstaForex.

witter Shares Plunge on Weak Outlook, Slowing Revenue Growth





Twitter announced that its revenue was up by only 20% to $602 million in the second quarter of the fiscal year, its smallest recorded gain and eight-consecutive period of contracting growth. The social-media company further cautioned that demand from advertisers that serve as its primary source of revenue, is weaker than predicted, dimming its outlook for the third quarter.


Twitter posted a net loss of $107.2 million or 15 cents a share against the loss of $136.7 million or 21 cents a share a year earlier. Twitter's shares plummeted by 11% to $16.39 in after-hours trading following the report, erasing gains from the prior month.


In a statement to shareholders, the social media firm has acknowledged that it is struggling to compete with other social media platforms, particularly in the advertising offerings. Twitter's CFO Anthony Noto stated in a interview that the company will venture into other areas of advertising budgets to increase demand and eventually boost revenues.


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Fxwirepro: Usd/sgd Hovers Around 1.3500 Mark, Sustain a Break Below Targets 1.3420





USD/SGD is currently trading around 1.3496 marks.
It made intraday high at 1.3536 and low at 1.3478 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1.3537 marks.
A daily close below 1.3496 will drag the parity down towards key supports at 1.3420/1.3357 (April 20, 2016 low)/1.3318/1.3302/ 1.3271 levels.
Alternatively, a sustained close above 1.3537 will tests key resistances at 1.3638, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
Important to note here that, 20D, 30D and 55D EMA heads down and confirm the bearish trend.
We prefer to take short position in USD/SGD only below 1.3480, stop loss 1.3537 and target 1.3420/1.3357.


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Facebook Earnings Exceed Expectations





Facebook reported earnings of $2 billion or 1.5 billion pounds in the second quarter of the year, up from $719 million in the same period last year.


Analysts had expected revenue of $5.8 billion, but the social media giant has surpassed even those high forecasts, posting $6.4 billion in revenue. Revenue has surged in all geographic zones, rising in Asia and Europe at 19% and 21% respectively.


Mobile advertising, which has been highly advocated by Facebook to businesses, composed 84% of Facebook's advertising revenue in the second quarter rising from 76% last year. The firm profited from an inflow of advertising money being redirected from television towards digital platforms. Facebook's number of monthly-active-users, an important gauge for advertisers, jumped by 15% to 1.71 billion as of the end of June 2016.


Shares of the company jumped 7% in after-hours trading.


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Japan Industrial Output Jumps 1.9% In June





Industrial production in Japan was up 1.9 percent on month in June, the Ministry of Economy, Trade and Industry said on Friday.
That beat forecasts for a gain of 0.5 percent following the 2.6 percent decline in May.
On a yearly basis, output slipped 1.9 percent - also exceeding forecasts for -2.9 percent after easing 0.4 percent in the previous month.
Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it continues to fluctuate indecisively but shows signs of increasing in parts.


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Microsoft to Axe 2, 850 More Jobs





Microsoft plans to cut 2, 850 more jobs, adding to the formerly disclosed job cuts as it restructures its sales operation and shuts down its mobile phone hardware business division.


The software company announced the latest lay-off in a filing to the U.S. Securities and Exchange Commission on Thursday.


A spokesperson said that nine hundred of the job cuts in the global sales division have already been done. Microsoft is projecting the remaining 1, 950 cuts to be completed by 2017. Jobs in the sales organization and mobile phone division will be included in the cuts. The most recent cuts comes after the 1, 850 layoffs in the phone unit disclosed in May.


The job cuts are part of a reorganization that came after COO Kevin Turner's departure from Microsoft, leading to the restructuring of the sales group by Chief Executive Satya Nadella.


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South Korea Manufacturing Sector Slows In July - Nikkei





The manufacturing sector in South Korea continued to expand in July, albeit at a slower pace, the latest survey from Nikkei showed on Monday with a manufacturing PMI score of 50.1.


That's down from 50.5 in June, and it remains just barely above the boom-or-bust line of 50 that separates expansion from contraction.


Individually, business conditions stagnated following the improvement in June.


Production was barely higher, although job growth picked up.


Total new business declined, but growth of new export work hit an 18-month high.


News are provided byInstaForex.

Sony Advances After Posting Unexpected Profit on PlayStation Games





Sony Corp. advanced the biggest in three weeks after its invigorated games division pushed the Japanese company to beat quarterly results forecast, justifying CEO Kazuo Hirai's shifted emphasis on media and entertainment.


Sony shares gained as much as 3.5% to 3, 397 yen, the biggest recorded jump on an intraday basis since July 11, bringing its gains for the year to a total of 13%.


The company reported a net income of 21.2 billion yen or $205 million in the second quarter, against the expectations of analysts of a 39-billion yen loss. Sony retained its projection of 80 billion yen annual profit.


It was the robust growth of the company's game division that boosted the firm's net income. Its impressive performance has helped investors look beyond the effect of the Kumamoto earthquakes that has closed down the main manufacturing site for components of its digital cameras. Sony also report an unexpected profits in its phone division, reflecting the company's efforts to cut down its mid-range line-up and its withdrawal from unprofitable markets.


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