IFX Yana

Pound Advances Against Dollar And Yen The U.K. currency traded higher against the U.S. dollar and the yen ahead of European deals on Tuesday. The pound that ended yesterday's deals at 1.6456 against the greenback and 126.38 against the yen is presently trading at 1.6509 and 126.74, respectively. On the upside, the pound may target 1.67 against the greenback and 128.00 versus the yen. More FOREX-news on pages InstaForex.Com

Euro Mixed Amid German Retail Sales Following the release of the German June retail sales for June at 2 am ET Friday, the euro showed mixed trading against its major counterparts. While the euro fell further against the dollar and the yen, it changed little versus the pound and the franc. As of now, the euro is worth 1.4278 against the dollar, 110.74 against the yen, 1.1442 against the franc and 0.8754 against the pound. More FOREX-news on pages InstaForex.Com

"InstaForex Sniper": Summer Records Probably, summer is the most desired season for most people of the planet. In summer we can do what we want to: take a break and go to the seashore or go to the forest for several days and enjoy the nature or go rafting. Some people prefer calm rest in the shadow of trees at the countryside or relaxing at home. But it doesn’t mean that we should be bored! InstaForex Company offers to release the energy breaking the records in "InstaForex Sniper" contest as the winners of the previous stage did: 1 place - Ibrahim Karachik (8469109) - 500 USD 2 place - Faisal Rangga (8457589) - 400 USD 3 place - Sergey Pilyuta (8468542) - 300 USD 4 place - Huang Tianming (8468443) - 200 USD 5 place - Ali Reza Sohrabi (8469175) - 100 USD We congratulate the winners and wish all our clients new records this summer! Contest statistics Registration page Photos and comments of finalists

Chinese Yuan Rises Against Dollar In Asian deals on Thursday, the Chinese yuan rose against the US dollar. At present, the yuan is worth 6.4425 per dollar and if the Chinese currency gains further, it will break a record high of 6.4395 hit early this week. At yesterday's close, the dollar-yuan pair was quoted at 6.4446. The People's Bank of China set today's central parity rate for the yuan at 6.4438 per dollar, compared to Wednesday's daily reference rate of 6.4426. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 0.5 percent from that level. More FOREX-news on pages InstaForex.Com

Euro Falls Against Yen And Franc Amid German Import Price Index Amid the release of the German June import price index at 2 am ET Wednesday, the euro fell against the yen and the franc, but it changed little against the dollar and the pound. At present, the euro is worth 1.4530 against the dollar, 112.89 against the yen, 0.8844 against the pound and 1.1622 against the franc. More FOREX-news on pages InstaForex.Com

"Lucky Trader": A Chance for Everyone! Modern life makes people more concentrated - we always feel some tension. Is it that bad especially if to think about Forex trading? These factors turn novice traders into professional and trading as entertainment into job. The best test for trading skills is participation in the Forex contests. For example, "Lucky Trader" competition which is regularly held by InstaForex Company. The doors are open for everyone - both novice and experienced traders are welcome! Anyway, only the best of them succeed to overcome the difficulties and win. They are: 1 place - Gennadiy Karpov (8447057) - 1000 USD 2 place - Sitaru Petre Remus (8435284) - 750 USD 3 place - Salah Alhuthari (8433598) - 500 USD 4 place - Yuriy Gostev (8443641) - 250 USD 5 place - Bronislav Kolodinskiy (8445092) - 200 USD 6 place - Chong Kwang Chyen (8433920) - 150 USD 7 place - Daejin Lim (8437568) - 100 USD 8 place - Sergey Nagornyuk (8448878) - 50 USD InstaForex Company sincerely congratulates the winners and thanks the participants! Take the place among the winners! Contest statistics Registration page Photos and comments of the finalists

U.K. GDP Growth Slows In Q2 The British economy expanded at a slower pace as estimated for the second quarter, the Office for National Statistics said Tuesday. Gross Domestic Product (GDP) grew 0.2 percent sequentially in the second quarter, following an increase of 0.5 percent in the first quarter. The rate of growth matched economists' expectations. On the production front, output of the production industries fell 1.4 percent, following a decline of 0.1 percent in the prior quarter. Manufacturing dropped 0.3 percent and mining and quarrying slipped 6.6 percent. The decrease in electricity, gas and water supply was 3.2 percent. Meanwhile, construction output grew 0.5 percent, reversing last quarter's 3.4 percent quarterly drop. On a yearly basis, the economy expanded 0.7 percent in the second quarter, slightly smaller than the 0.8 percent growth expected by economists. The statistical office said there were a number of special events associated with the second quarter including the additional April bank holiday, the royal wedding and the after effects of the Japanese tsunami. More FOREX-news on pages InstaForex.Com

"Chancy deposit": Thank You for Trading with Us! A company does not exist without customers. Your opinion, your appreciation and satisfaction inspire the company to develop providing more and more comfortable conditions which help traders to perfect their skills and realize their ambitions. We make all these efforts in order to arrange convenient terms for you to earn and enjoy currency trading! So the weekly campaign by InstaForex was created for making at least one trader even more happier. We present new winners of "Chancy Deposit" campaign - Martin Simek from Czech Republic , the owner of account 5026971, and Pandian from India (trading account 274692). We congratulate you on the victory and wish you the best of luck! Dear clients, we work for all of you! The company’s power is increasing number of satisfied customers! Campaign page Contest rules Photos and comments of finalists

Pound Declines Against Majors U.K.'s sterling edged lower against its major counterparts in early European trading on Wednesday. The pound fell to 126.95 against the yen and 1.6098 against the US dollar around 3:05 am ET, down from yesterday's closing values of 127.68 and 1.6126, respectively. If the British currency weakens further, it may find target levels at 1.6040 against the greenback and 125.50 versus the yen. The UK currency also reached as low as 1.3250 against the Swiss franc and 0.8807 against the euro before holding steady around 3:05 am ET. The pound that closed yesterday's deals at 1.3292 against the Swiss franc and 0.8781 against the euro is presently quoted at 1.3252 and 0.8801, respectively. On the downside, the British unit may test support levels at 1.3150 against the Swiss franc and 0.8850 against the euro. More FOREX-news on pages InstaForex.Com

Ilona Korstin - the face of InstaForex - is the Champion of Europe again On Sunday, July 4, Russia's basketball team won the final of the European Basketball Championship 2011! This means that Ilona Korstin, лицом компании InstaForex, has become European champion for the third time! Russian team won the play-off with Turkey by miles. Having broken all the obstacles they managed to win gold medals! We can be doubly proud as Russian team is the only one on the continent to have the opportunity to enter the Olympic games in London next year! Such examples are always inspiring! Dear users, we hope that they will inspire you to reach new heights on Forex market. Ilona Korstin was not randomly chosen to represent InstaForex Company. She embodies endless movement forwards, will to win and self reliance. This is the kind of person perfect for representing InstaForex Company that is characterized by the same features! InstaForex Company congratulates the team on the victory that impressed everybody! Brilliant basketball player Ilona Korstin, the team's forward, is determined to reach new ambitious goals. And we sincerely wish her luck in achieving all of them!

U.S. Dollar Drops Against Pound During early European deals on Wednesday, the U.S. dollar extended its previous session's fall against the pound and touched a 2-day low of 1.5971 at 3:10 am ET. The pair is presently trading at 1.5967, compared to Tuesday's close of 1.5915. If the greenback slides further, it may target 1.615 level. More FOREX-news on pages InstaForex.Com

"Real Scalping InstaForex": One Step Closer to The Success Often we want to get everything at once due to impatience, pride or ambitions. If to go in for sport, then to beat the world’s record even if it threatens injuries. If to become a scientist then to initiate the revolution regardless of the threat that this unproved theory has the irreversible effect. If to earn from Forex then to take a million profit for the sake of which we take thoughtless risk and open a deal for the whole deposit. Nevertheless, the history teaches that Olympic "gold" comes to those who spend 10 years training hard and perfecting their technique. Or those who every day come to the laboratory and start the thousandth test in order to find even a tiny deviation which could lead to the breakthrough theory. Or those who can cope with passion and greed and follow the principles of money management earning precious pips day by day. Of course, it is very important to cap the climax but what is really important is to realize the impossibility to perform triple somersault having not enough skills. This opinion can be proved by the pure victory of "Real Scalping InstaForex" finalists who every day during the month were taking their points on their way to success. We sincerely congratulate the winners: your efforts deserve the standing ovations and impressive prizes! 1 prize - Vladimir Brazhnikov (8381287) - 2000 USD 2 prize - Vladimir Erofeenko (8395516) - 1500 USD 3 prize - Aleksandr Kholodov (8361380) - 1000 USD 4 prize - Igor Nikolenko (8405709) - 500 USD 5 prize - Olga Shevchenko (8397874) - 400 USD 6 prize - Sergey Nasonov (8395264) - 300 USD 7 prize - Sergey Kocharovskiy (8402146) - 200 USD 8 prize - Alexandr Sasyuk (8385997) - 100 USD The winning pace is the way of daily improvements. Small invisible improvements which as the rain drops can form a huge river. One drop is very small but the scope of them is able to turn calm stream into the wild river. This way is available for everybody: we only need to do our job today a little better than yesterday. We wish you continuous growth and notable improvement! Be strong and invincible taking part in InstaForex competitions! Contest statistics Registration page Pictures and comments of the finalists

Euro Strengthens Against Most Majors Ahead of the European session on Thursday, the euro has been gaining against the currencies of Japan, U.K. and Switzerland. At present, the euro is worth 1.2056 against the franc, 116.07 against the yen and 0.8982 against the pound. More FOREX-news on pages InstaForex.Com

European Economics Preview: German Factory Orders Due Factory orders from Germany and revised estimates of first quarter gross domestic product from Eurozone are the major highlights of the European economics news on Wednesday. Spain is slated to release the industrial output data at 3 am ET. Economists expects production to remain unchanged in May. At 5 am ET, Eurostat is expected to publish the third estimate of the first quarter Eurozone GDP. The economy expanded 0.8 percent sequentially in the first quarter, taking the annual rate to 2.5 percent. At 6 am ET, the Federal Ministry of Economy and Technology is expected to release German factory orders data for May. Economists expect orders to rise 9.5 percent year-on-year after 10.5 percent growth in April. On a monthly basis, orders are forecast to fall 0.5 percent. More FOREX-news on pages InstaForex.Com

Dollar Advances Against Majors In the Asian session on Tuesday, the U.S. dollar rose against other major currencies as risk appetite reduced on speculation of an interest rate hike by China. The People's Bank of China on Monday said inflationary pressure still remains at a high level and vowed to maintain prudent monetary policy. In the Monetary Policy Committee meeting, policy makers stressed the need for paying close attention to the current international and domestic economic and financial situation and also the importance of 'stability' in implementing prudent monetary policy. The PBOC's statement increased speculation that an interest rate hike could be imminent. Adding to worries, Moody's Investor Service warned today that the scale of problem loans at Chinese banks may be larger than estimated by the National Audit Office (NAO). The Chinese audit agency could be understating banks' exposures to the local governments borrowers and the local government debt may be CNY 3.5 trillion higher than estimated, the rating agency said. It also warned that the absence of a clear master plan to deal with this issue may potentially turn the outlook for the Chinese banking system to negative. The dollar rose to a 4-day high of 81.13 against the yen. The next upside target level for the dollar is seen at 81.3. At yesterday's close, the dollar-yen pair was quoted at 80.80. Against the euro, the dollar strengthened to a 4-day high of 1.4467, compared to yesterday's close of 1.4539. On the upside, 1.445 is seen as the next target level for the U.S. currency. The dollar climbed to a 4-day high of 1.6032 against the pound and if the dollar advances further, it may likely target the 1.600 level. The pound-dollar pair closed yesterday's trading at 1.6089. The US dollar edged up to a 6-day high of 1.0667 against the Australian dollar, compared to yesterday's close of 1.0736. On the upside, 1.055 is seen as the next target level for the greenback. As expected, the Reserve Bank of Australia decided to maintain its cash rate unchanged at 4.75 percent. At today's meeting, the Monetary Policy Board judged that the current "mildly restrictive" stance of monetary policy remained appropriate. In future meetings, the board will continue to assess carefully the evolving outlook for growth and inflation, the bank said in a statement. Against the New Zealand dollar, the US dollar rose to a 4-day high of 0.8268. The next upside target level for the greenback is seen at 0.824. The kiwi-greenback pair was worth 0.8297 at yesterday's close. The U.S. dollar is trading at a 4-day high of 0.9622 against the Canadian dollar. If the US dollar rises further, it may likely target the 0.965 level. At yesterday's close, the greenback-loonie pair was quoted at 0.9612. Traders are now likely to focus on the European session, in which final readings of services PMI for June from the major European economies and the Eurozone May retail sales are expected to influence trading. The U.S. factory goods orders report for May is due at 10:00 am ET. More FOREX-news on pages InstaForex.Com

Franc Declines Amid Swiss Retail Sales Following the release of the Swiss retail sales for May at 3:15 am ET Monday, the franc slipped against its major counterparts. As of now, the franc is worth 0.8489 against the dollar, 95.03 against the yen, 1.3685 against the pound and 1.2341 against the euro. More FOREX-news on pages InstaForex.Com

"InstaForex Sniper": Matter for Pride! Can you often boast of affiar which is entirely completed? How often you are satisfied with the result? Whatever you answer - anyway there is one more reason to be proud of yourself! "InstaForex-Sniper" - a great matter for being proud of your achievement and an incentive for perfection. This week the following participants will be able to be proud of themselves: 1 place- Tri Andi (8424698) - 500 USD 2 place- Vladimir Belickov (8417026) - 400 USD 3 place- Alexey Mishkin (8427147) - 300 USD 4 place- Sergey Romanuk (8419134) - 200 USD 5 place- Anton Stanchev (8427297) - 100 USD Take part in the contests of InstaForex, win the prizes and be proud of yourself! Contest statistics Registration page Photos and comments of finalists

European Economics Preview: Eurozone Economic Sentiment Due Economic sentiment survey results from Eurozone, mortgage approvals from the U.K. and quarterly national accounts from France are the major reports due on Wednesday. At 1.30 am ET, French final GDP figures from the statistical office Insee is due. The economy expanded 1 percent sequentially in the first quarter, according to preliminary estimate. Spanish retail sales data is due at 3.00 am ET. Spanish retail sales had declined 2 percent annually in April. At the same time, Hungary's jobless data is also due. Economists expect the jobless rate to fall to 11.2 percent in May. The Bank of England is scheduled to release mortgage approvals data at 4.30 am ET. Economists expect mortgage approvals to increase to 46,300 in May from 45,200 in April. Half an hour later, Eurozone economic sentiment survey results are due. Economic sentiment is seen at 105 in June, down from 105.5 in May. At 5.30 am ET, Swiss KOF leading indicator is due. The leading index is expected to fall slightly to 2.23 in June from 2.3 in May. More FOREX-news on pages InstaForex.Com

Ilona Korstin is the image of InstaForex Company Well-known basketball forward Ilona Korstin became the image of InstaForex international broker. She says that it is her pleasure to represent such a reputable company as InstaForex. What unites the two is the priorities and striving to be the best. Ilona is experienced in Forex trading herself and gives high mark to InstaForex for the great quality of its services. Cooperation established between InstaForex international broker and the world famous basketball player is no coincidence. InstaForex Company is increasingly exploring the field of sports. Recently its sports team has been further expanded by Tornado - InstaForex mix fight team and InstaForex Loprais rally team, a participant of the fabulous Dakar rally raid. That is why it is Ilona Korstin, a true embodiment of success, beauty and ambition was announced to be the image of InstaForex Company. The multichampion of Europe, Russia and France, the Euroleage winner Ilona Korstin is one of the most titled basketball players of the world. She managed to win an impressive number of gold medals and other awards. She was the first at two European championships and the third at the Olympic Games. Moreover, in 2006 the International Basketball Federation announced Ilona to be the image of women basketball. Korstin is a member of the Russian basketball women team as forward and skipper. She is also a defender at Moscow Sparta&K basketball club. InstaForex Company expresses its hopes for new victories: both in sports for Ilona and in Forex trading for the broker.

Swiss UBS Consumption Indicator Rises Significantly In May Switzerland's consumption indicator rose significantly in May, driven by an increase in new car registrations, the UBS bank said Tuesday. The bank's consumption indicator rose 0.34 points to 1.91, its highest level since August last year. This follows a 0.1 point decline in April. The continued rise in new car registrations as well as growth in retail sector activity supported the economy. New car registrations rose 20.2 percent compared to the same month last year. UBS Wealth Management Research sees private consumption as a key driver of the Swiss economy. Consumption is supported by low interest rates, consistently high immigration and falling unemployment. UBS expects consumer spending to play a major role in growth again this year. The UBS consumption indicator is an index designed to provide concrete conclusions regarding the annual growth rate of private consumption. More FOREX-news on pages InstaForex.Com

Yen Trades At Fresh Multi-year Low Against Franc The yen has been declining against the European majors ahead of the European session on Monday. At present, the yen is trading at a fresh multi-year low of 96.63 against the franc. Against the euro and the pound, the yen is now worth 114.34 and 128.97, respectively. More FOREX-news on pages InstaForex.Com

"InstaForex Sniper": Trade for Life, Breathe Success! How to find the formula for ambitions, wishes and devotions? Sometimes our interests cannot provide financial support being just a pleasant way of spending time, while work does not inspire being a tool of making money. But who else but traders knows the answer to the question? Forex gives an unique opportunity to achieve success and realize your ambitions while making money with it! Moreover, InstaForex Company clients can have good time taking part in contests and get valuable prizes and recognition of other traders! We are glad to present the ones who know life’s value and spend it in accordance with their wishes! The winners of another "InstaForex Sniper" contest are: 1 place - Ezham Hamzah (8414484) - 500 USD 2 place - Vasiliy Braginets (8415304) - 400 USD 3 place - Yuriy Protsay (8415324) - 300 USD 4 place - Margareta Lovin (8414854) - 200 USD 5 place - Vladimir Yerofeyenko (8413866) - 100 USD Join InstaForex contests! Win and breath in the odours of success and harmony! Contest statistics Registration page Photos and comments of finalists

U.s. Corn Extends Gains for 2nd Day, Soy Rebounds on Greece News Сhicago Board of Trade July corn gained 1.2 pct to$6.88-3/4 a bushel by 0249 GMT July wheat slid 0.4pct to $6.46-1/2 a bushel CBOT soybeans for July deliveryrose 0.7 pct to $13.26-3/4 a bushel Greece's deal with international lendersfor a new austerity plansupports commodities Market remained underpressure from improved weather conditions in Europe, raisinghopes of ample supplies More FOREX-news on pages InstaForex.Com

Eurodollar Futures steady After fED Cuts Economic Forecasts Eurodollar futures contracts expiring in March 2012traded steady at 99.51, implying a dollar LIBOR of 0.49 pctcompared with 0.24550 pct currently Dollar funding in Singapore edged higher from a 16-month low hit onWednesday China, short-dated IRS rates extended rise, one-year IRS rates were at 3.95 pct China benchmark 7-day govt bond repo ratejumped to 9 pctprompting the c.bank to pump in funds to alleviate the shortage More FOREX-news on pages InstaForex.Com

European Economics Preview: BoE Minutes Due The minutes of the last Monetary Policy Committee meeting of the Bank of England and industrial new orders from Eurozone are due on Wednesday. At 2.45 am ET, the French statistical office Insee is slated to release business confidence survey results. Business sentiment is forecast to fall to 106 in June from 107 in May. The National Institute of Economic Research is scheduled to release Sweden's economic tendency survey data at 3.15 am ET. Economists expect the economic tendency index to fall to 110.5 from 112.4 in May. The institute is also set to publish Economic Outlook. At 3.30 am ET, Dutch consumer confidence and Sweden's SCB unemployment figures are due. Dutch consumer sentiment is seen at minus 12, down from minus 10 in May. Sweden's jobless rate is forecast to fall to 7.7 percent in May from 7.9 percent in April. Half an hour later, unemployment figures from Norway and Poland are due. Economists expect Poland's jobless rate to drop to 12.1 percent in May from 12.6 percent in April. At 4.30 am ET, the Bank of England is scheduled to issue the minutes of the last MPC meeting held on June 8 and 9. The central bank had retained its record low interest rate and GBP 200 billion asset purchase plan. At 5.00 am ET, Eurozone industrial new orders data is due. Economists expect industrial orders to rise 1 percent month-on-month in April after falling 1.6 percent in March. The European Commission is set to publish Quarterly Report on euro area at 6.00 am ET. More FOREX-news on pages InstaForex.Com