Thread: Forex News from InstaForex

JAPAN HAS Y897.7 BILLION TRADE DEFICIT IN FEBRUARY



Japan posted a merchandise trade deficit of 897.7 billion yen in February, the Ministry of Finance said on Thursday.

That exceeded expectations for a shortfall of 1,069.4 billion yen following the 3,498.6 billion yen deficit in January.

Exports were up 6.5 percent on year to 7.654 trillion yen - missing forecasts for an increase of 7.1 percent but up from the 3.5 percent gain in the previous month.

Imports climbed an annual 8.3 percent to 8.552 trillion yen versus expectations for an increase of 12.2 percent and slowing from 17/5 percent a month earlier.

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SINGAPORE NON-OIL EXPORT DATA DUE ON FRIDAY



Singapore will on Friday release February figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity.

NODX are expected to slip 0.5 percent on month and 16.0 percent on year after adding 0.9 percent on month and tumbling 25.0 percent on year in January - when the trade surplus was SGD6.303 billion.

Malaysia will provide February numbers for imports, exports and trade balance. Imports are expected to rise 6.8 percent on year, up from 2.3 percent in January. Exports are called higher by an annual 4.5 percent, accelerating from 1.5 percent in the previous month. The trade surplus is pegged at MYR18.30 billion, up from MYR18.20 billion.

Japan will see February results for its tertiary industry activity index; in the previous month, the index slipped 0.4 percent on month.

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EURO LITTLE CHANGED AFTER GERMAN PPI DATA



At 3:00 am ET, Destatis issued Germany's producer prices data for February.

After the data, the euro changed little against its major rivals.

As of 3:05 am ET, the euro was trading at 0.8749 against the pound, 0.9874 against the Swiss franc, 1.0666 against the U.S. dollar and 139.64 against the yen.

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AUSTRALIAN DOLLAR SLIDES AGAINST MAJORS



The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

The Australian dollar fell to a 6-day low of 1.6018 against the euro, from yesterday's closing value of 1.5949.

The aussie dropped to 87.81 against the yen, from yesterday's closing value of 88.18.

Against the U.S. and the Canadian dollars, the aussie edged down to 0.6690 and 0.9153 from yesterday's closing quotes of 0.6715 and 0.9175, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.62 against the euro, 86.00 against the yen, 0.64 against the greenback and 0.89 against the loonie.

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AUSTRALIAN DOLLAR RISES AGAINST MAJORS



The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

The Australian dollar rose to nearly a 2-week high of 1.0805 against the NZ dollar and a 2-day high of 88.79 against the yen, from yesterday's closing quotes of 1.0761 and 88.32, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 0.6690 and 0.9167 from yesterday's closing quotes of 0.6666 and 0.9141, respectively.

The aussie edged up to 1.6105 against the euro, from yesterday's closing value of 1.6134.

If the aussie extends its uptrend, it is likely to find resistance around 1.09 against the kiwi, 91.00 against the aussie, 0.68 against the greenback, 0.93 against the loonie and 1.55 against the euro.

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FRANC CLIMBS AFTER SNB DECISION



As expected, the Swiss National Bank raised its policy rate by 50 basis points to 1.5 percent. The franc advanced against its major counterparts after the decision.

The franc was trading at 143.57 against the yen, 0.9944 against the euro, 1.1243 against the pound and 0.9125 against the greenback around 4:35 am ET.

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U.S. DOLLAR RISES AGAINST MOST MAJORS



The U.S. dollar strengthened against most major currencies in the Asian session on Friday.

The U.S. dollar rose to 2-day highs of 1.0817 against the euro and 1.3736 against the Canadian dollar, from yesterday's closing quotes of 1.0828 and 1.3715, respectively.

Against the pound and the Swiss franc, the greenback edged up to 1.2261 and 0.9179 from yesterday's closing quotes of 1.2286 and 0.9163, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 1.03 against the euro, 1.39 against the loonie, 1.18 against the pound and 0.93 against the franc.

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YEN FALLS AGAINST MAJORS



The Japanese yen weakened against other major currencies in the late Asian session on Monday. The yen fell to 4-day lows of 131.31 against the U.S. dollar, 142.85 against the Swiss franc and 95.61 against the Canadian dollar, from recent highs of 130.49, 141.57 and 94.95, respectively.

Against the euro and the pound, the yen dropped to 141.23 and 160.52 from recent highs of 140.53 and 159.57, respectively.

Moving away from recent highs of 86.62 against the Australian dollar and 80.89 against the NZ dollar, the yen slipped to 87.36 and 81.46, respectively.

If the yen extends its downtrend, it is likely to find support around 134.00 against the greenback, 144.00 against the franc, 97.00 against the loonie, 144.00 against the euro, 163.00 against the pound, 91.00 against the aussie and 83.00 against the kiwi.

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AUSTRALIA RETAIL SALES ADD 0.2% IN FEBRUARY



The total value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.141 billion.

That exceeded expectations for an increase of 0.1 percent and was down from 1.9 percent in January.

Individually, sales were up for food, clothing, department store sales and cafes and restaurants. Sales were flat for household goods and down for other retailing.

On a yearly basis, retail sales climbed 6.4 percent.

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