Thread: Forex News from InstaForex

Yen Weakens Ahead Of Japan Final Industrial Production




Japan's final industrial production data for September is due on Thursday's Asian session at 11:30 pm ET. Ahead of the data, the yen slipped against other major currencies.
The yen traded at 99.67 against the greenback, 159.78 against the pound, 108.91 against the franc and 134.23 against the euro around at 11:25 pm ET.

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Kiwi up 0.5 Pct




The New Zealand dollar caught its breath at $0.8283 after a volatile week saw it as low as $0.8166 and as high as $0.8355. It was still on course for a 0.5 percent gain since Monday.
Support was seen at $0.8230 and then $0.8200 with resistance at $0.8300 before $0.8360.

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Speculators Add Long Dollar Bets in Latest Week, Hit Two-Month High




Speculative bets favored the U.S. dollar in the latest week, posting their highest long position in two months, according to the latest data from the Commodity Futures Trading Commission released on Friday.
The value of the dollar's net longs totaled $14.46 billion in the week ended Nov. 12, up from a long position of $7.02 billion in the week ended Nov. 5. Speculators were long for a second straight week and the latest week showed the contract total at its largest since the week of Sept. 10.

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China House Prices Rise In October




House prices in all Chinese cities except Wenzhou increased in October as the government abstained from initiating new property curbs.
House prices rose in 69 out of 70 cities tracked by the government, data published by the National Bureau of Statistics showed Monday.
On a yearly basis, prices surged 20.2 percent in Shenzhen and 17.8 percent in Shanghai. And it gained 16.4 percent in Beijing.
Month-on-month, house prices increased in 65 cities in October. Prices remained unchanged in three cities and declined in two.


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NZ Dollar Declines To 4-day Low Versus Euro




The New Zealand dollar fell against the European currency in Asian deals on Tuesday.
The kiwi hit a 4-day low of 1.6252 against the euro, compared to Monday's closing value of 1.6199. The kiwi may seek support around the 1.635 level.


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Bernanke Making more Dovish Comments, Fiscal Plug Needed




Recommends less restrictive fiscal stance, focus on longer-term issues.
Reiterates Fed will remain easy for longer, till good economic evidence.
Efforts to up jobs being made, must reduce inequalities.
Fed bond buys have benefited Wall Street but no necessarily Main Street.

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China HSBC Manufacturing Index Slides To 50.4



An index measuring manufacturing activity in China came in with a score of 50.4 in November, flash survey results from HSBC and Markit Economics revealed on Thursday.
That was well shy of forecasts for 50.8 and down from 50.9 in October.
A score above 50 means expansion in a sector, while a reading below 50 signals contraction.
The data also showed that the flash China Manufacturing Output Index came in 51.3 in November, up from 51.1 in October.


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Pound At New 2-week High Against Franc



The British currency climbed against the Swiss franc in early Asian deals on Friday.
The pound spiked up to 1.4800 against the franc, its highest since November 7. At yesterday's close, the pair was worth 1.4786. The next upside target for the pound-franc pair lies around the 1.49 area.


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Canadian Dollar Hits Near 4-week Low Versus Euro



The Canadian dollar drifted lower against the European currency in early Asian trading on Monday.
The loonie touched 1.4303 against the euro, its lowest level since October 31. On the downside, the loonie may eye support around the 1.45 area. The pair was worth 1.4260 at Friday's close.


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Philippine Imports Surge 7.2% In September




The Philippines imported goods worth $5.711 billion in September, an increase of 7.2 percent from a year earlier, data from the National Statistics Office showed Tuesday.
Total external trade in goods reached $10.756 billion during the month, representing a 6.1 percent increase from last year. Exports grew 4.9 percent annually.
Thus, the balance of trade in goods for the country registered a deficit of $666 million, higher than $516 million deficit in the same period last year.

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