IFX Yana

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Situation In Europe Worsened Significantly Over Last Few Weeks: ECB's Noyer The situation in Europe worsened significantly over the past few weeks, European Central Bank Governing Council member Christian Noyer reportedly said Wednesday. At a conference in Singapore, Noyer said that Europe is going through a true financial crisis. Noyer, also the Bank of France governor, reiterated that market stress has intensified. He added that bond markets are not functioning normally in Eurozone. More FOREX-news on pages InstaForex.Com

S&P May Revise French Rating Outlook To 'Negative': Report Standard and Poor's may downgrade the outlook on France's triple A rating to 'negative' within the next ten days, French daily La Tribune reported Monday. The report comes as Fitch Ratings revised down the outlook on the U.S. credit rating to 'negative' on Monday, affirming the triple A sovereign rating. Yesterday, Moody's Investor Service issued a warning to the European Union sovereigns that the severity of the euro area debt crisis has put their government bond ratings at risk. More FOREX-news on pages InstaForex.Com

Moody's Says Debt Crisis Threatens EU Bond Ratings Moody's Investor Service on Monday issued a warning to the European Union sovereigns that the severity of the euro area debt crisis has put their government bond ratings at risk. The continued rapid escalation of the euro area sovereign and banking credit crisis is threatening the credit standing of all European sovereigns, Moody's said in a statement. In the absence of policy measures that stabilize market conditions over the short term, or those conditions stabilizing for any other reason, credit risk will continue to rise, the agency said. While Moody's central scenario remains that the euro area will be preserved without further widespread defaults, even this 'positive' scenario carries very negative rating implications in the interim period. The rating agency also noted that the political impetus to implement an effective resolution plan may only emerge after a series of shocks. In Moody's view, the probability of multiple defaults by euro area countries is no longer negligible. A series of defaults would significantly increase the likelihood of one or more members not simply defaulting, but also leaving the euro area. The rating agency said that the euro area is approaching a junction, leading either to closer integration or greater fragmentation. More FOREX-news on pages InstaForex.Com

Dollar Rises Against Most Majors On Eurozone Worries The U.S. dollar strengthened against most major currencies in Asian trading on Friday as traders bought safe haven assets amid lingering worries about the financial crisis in the euro zone and its impact on the global economy. Risk aversion aggravated yesterday after Fitch downgraded Portugal to BB+ with a negative outlook and German Chancellor Angela Merkel said euro bonds were "not needed and not appropriate." German reluctance to backstop the debt of its floundering neighbors has raised concerns that borrowing costs will continue to rise. Meanwhile, Moody's Investors Service on Thursday downgraded Hungary's government bond rating by one notch to 'Ba1', below investment grade. It also maintained a negative outlook, citing heightened uncertainty regarding the ability of the nation to meet its medium-term fiscal targets. The U.S. dollar rose to 0.9686 against the Australian dollar and 1.0493 against the Canadian dollar. The next upside target level for the greenback is seen at 0.967 against the aussie and 1.066 against the loonie. Against the euro, the dollar climbed to a fresh multi-week high of 1.3305. On the upside, 1.315 is seen as the next target level for the dollar. The dollar jumped to a 1-week high of 0.9225 against the Swiss franc and a fresh 7-week high of 1.5455 against the pound. If the dollar gains further, it may target 1.540 against the pound and 0.924 against the franc. The US dollar strengthened to a 2-day high of 77.55 against the Japanese yen. The next upside target level for the dollar-yen pair is seen at 78.0. The yen declined after Japan's finance minister Jun Azumi reiterated today that the nation will again take steps if there are speculative movements in the foreign exchange market. "We conducted a large-scale intervention on Oct. 31 and at this moment there is no sign that (the dollar) has become bottomless. We are carefully watching the market," Jun Azumi was quoted as saying at a regular press conference. "If there are speculative moves that we can't overlook, we will take steps without hesitation," Azumi said. But the greenback showed choppy trading against the NZ dollar, moving between 0.7405 and 0.7425. Investors now focus on the European session, in which German import price index for October, French consumer confidence for November and the Bank of England's housing equity withdrawal for the second quarter are scheduled for release. There are no major economic reports due in the New York session. More FOREX-news on pages InstaForex.Com

Euro Steady After Germany's Q3 GDP Report Following the release of Germany's final third quarter gross domestic product report at 2.00 am ET, the European currency held steady against its major rivals. As of 2:01 am ET, the euro was trading at 1.3374 against the US dollar, 0.8602 against the pound, 103.10 against the yen and 1.2290 against the Swiss franc. More FOREX-news on pages InstaForex.Com

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European Economics Preview: BoE Minutes Due The minutes of the Monetary Policy Committee meeting from the Bank of England and flash Purchasing Managers' survey from France, Germany and Eurozone are the major reports due on Wednesday. The French statistical office Insee is scheduled to issue business confidence survey results at 2.45 am ET. Business sentiment is seen at 95, down from 97 in October. Flash French Purchasing Managers' survey results are due at 3.00 am ET. The manufacturing PMI is seen at 48 in November compared to 48.5 in October. At the same time, the services PMI is forecast to rise to 45 from 44.6. Half an hour later, Markit Economics is slated to issue Flash German PMI. The manufacturing PMI is expected to drop to 48.5 and services PMI to fall to 50. At 4.00 am ET, Flash Eurozone PMI data is due. The manufacturing PMI is seen at 46.5 compared to 47.1 in the prior month. Likewise, the services PMI is forecast to ease to 46 from 46.4. The Bank of England is set to issue the minutes of the monetary policy meeting held on November 10. Policy makers have maintained the size of quantitative easing intact at GBP 275 billion and its record low interest rate. Eurostat is scheduled to issue Eurozone industrial new orders for September at 5.00 am ET. Economists forecast new orders to fall 2.7 percent month-on-month in September after rising 1.4 percent in August. More FOREX-news on pages InstaForex.Com

Opec to Decide to Cut Output at It Dec Meeting As Global Oil Demand Is Likely to Decline-Iraq Oil Minister Iraq's Oil Minister Adbul-Kareem Luaibisaid on Tuesday that he expects OPEC to cut output at itsDecmeeting on falling global oil demand. He said that oil will likely continue trade between a range of $100 and $120 and added that the range was reasonable More FOREX-news on pages InstaForex.Com

Euro Drops To 4-day Low Against Yen Extending its early Asian session's downtrend, the European currency reached a 4-day low of 103.50 against the yen around 3:00 am ET Monday. The euro-yen pair is presently worth 103.55 and a move below the 103.40 support could set its lowest mark in 6-weeks. More FOREX-news on pages InstaForex.Com

InstaForex at Moscow Finance and Investment EXPO: Discovering New Horizons InstaForex Company was a participant and the primary sponsor of Moscow Finance and Investment EXPO, an exhibition under the ShowFx World international exhibition brand. For two days, on November 11-12, the event welcomed citizens and guests of the Russia's capital, who could visit an exhibition stand of the best broker in Asia, get advice of InstaForex experts and information about new developments of the company. Company's speaker InstaForex Georgiy Navruzbekov made a brilliant presentation concerning mathematic methods on Forex, trading techniques based on dynamic analyses and a chaos theory on financial markets. Despite that his presentation was the first and many visitors had not arrived yet, Mr. Navruzbekov attracted full audience and bred a lively discussion among them. Heads of InstaForex Kazakhstan and Voronezh representative offices arrived to the exhibition to discuss company's strategic development with head of the Partner Department. The meeting was held in a positive businesslike atmosphere. The parties summed up progress achieved and shaped the strategy. The exhibition was marked by presentation of InstaForex FxBot, the first ever Forex robot that demonstrated analytical capabilities in Forex trading and amused the audience. InstaForex Company has proved anew that new technologies and automation are trademarks of a successful and forward-looking company. Visitors received souvenirs and 30 USD worth bonuses to their trading accounts. Moreover, a number of prizes were drawn; Samsung Galaxy smart phones, Galaxy Tab and ViewPad tablet PCs were given to visitors who proved to be best-informed in company's services and Forex trading. The devices would definitely help the traders keep an eye on Forex and rapidly change trading strategies wherever they are. Two lucky visitors won certificates for 500 USD worth bonuses, a pleasant weighting to their deposits and a chance to increase profits. The exhibition's high point was Miss Insta Asia 2011 awarding ceremony. The contest winner Kristina Onika received a prize certificate for USD 20,000 and a beauty queen crown! The exhibition was also attended by Tatiana Daineko, the Forex Lady, who received a certificate for USD 3000. The beautiful winners were welcomed everywhere at the exhibition! The exhibition was accomplished with a solemn ceremony awarding and expressing gratitude to participants. The organizers thanked InstaForex Company, a regular participant and the primary sponsor of ShowFx World events. "We have fully accomplished tasks outlined for the Moscow Finance and Investment EXPO exhibition. We have convened three specialized seminars and received feedback from our customers and possible customers", said Vladimir Syrov, InstaForex Development Director. "Our experts have made presentations, participated in discussions of other presentations and exchanged opinions on most topical Forex trading issues with partners and colleagues from other companies; furthermore, we have listened to customers' suggestions and specified a market demand", he added. The administration of the company expresses gratitude to the ShowFx World team for a high level of administration, a great number of guests and visitors, and for time spent on this exhibition! To see a photo report about the exhibition, go to InstaForex Company's official web blog.

Research: Eur/gbp - Trading Strategy, Trigger Points, and Support and Resistance Levels RBS has given the following trading strategy, trigger points, and support and resistance levels: TRADING STRATEGY: (from Tuesday) Short here target 0.8473 onto 0.8356 stop at 0.8640. TRIGGER POINTS: 0.8536 - Two previous significant lows strong support level 0.8555 - The low of the cloud on the weekly chart watch for a close beneath here into week end. 0.8356 - The Feb low and overall objective from this range break SUPPORT LEVELS: 0.8536, 0.8499 RESISTANCE LEVELS: 0.8617, 0.8706 -Very little in this cross - that has begun quite a distinct ranging period; capped around 0.8600 and supported at the 150% projection of a previous range at 0.8518. The short term trend is still bearish and predominantly the market is struggling to make a higher high. I (analyst) prefer shorts over longs and would add to these positions on the breaking of 0.8518 More FOREX-news on pages InstaForex.Com

Europe Must Implement Agreed Fiscal Reforms: Luxembourg's Asselborn European countries must implement the measures agreed at the October summit to resolve the debt crisis, Luxembourg Foreign Minister Jean Asselborn said Thursday. In an interview to Deutschlandfunk radio, he also said that the euro rescue fund need to be strengthened. Meanwhile, the minister rejected the idea of amending EU treaties, saying that this will not be helpful in Europe's efforts to contain the crisis. More FOREX-news on pages InstaForex.Com

European Economics Preview: BoE Inflation Report Due Quarterly Inflation Report and claimant count from the U.K. and final inflation figures from the euro area are the major statistical events due on Wednesday. At 3.00 am ET, Spain's final GDP figures are due from the statistical office INE. In the meantime, Turkish consumer confidence data is due. The Office for National Statistics is set to release U.K. labor market statistics at 4.30 am ET. The number of people claiming jobseekers allowances is forecast to rise 21,000 in October. The claimant count rate is seen at 5.1 percent, up from 5 percent in September. Half an hour later, Eurostat is slated to release final inflation data for October. Eurozone annual inflation is seen at 3 percent, in line with flash estimate. The Bank of England is set to publish quarterly Inflation Report at 5.30 am ET. The report provides clear picture about the assessment of future inflation and growth. The bank is expected downgrade its growth outlook. More FOREX-news on pages InstaForex.Com

The Ablest Man in the World Chooses InstaForex! The number-one rated chess player paid a visit to InstaForex team which was held in homely atmosphere in the company's headquarters. Magnus Carlsen expressed a high opinion of the quality of provided services, gave valuable advice on development of the company and explained how understanding of chess strategies may contribute to success outside the chessboard’s 64 squares. Furthermore, Magnus Carlsen handled blitz chess and a series of friendly games with an InstaForex official, International Master in chess. InstaForex international broker and its top officials share Grandmaster's views and are convinced that intellectual perfection of its staff members enables InstaForex Company to achieve high results in rendering Forex services. Magnus Carlsen gained dozens of victories in top chess tournaments, such as tournaments of the Grand Slam Chess Association (China 2009, the Netherlands 2010 and Romania 2010) and two tournaments of this year (Romania and Switzerland), which pushed him to the top of the World Chess Federation (FIDE) rating. Find more about Magnus Carlsen's visit to InstaForex international broker at instaforex.com. The ablest man in the world chooses InstaForex!

European Economics Preview: Eurozone Industrial Output Due Industrial production figures from Eurozone and current account data from France are the main European news on tap for Monday. At 1 am ET, Estonia released unemployment figures for the third quarter, which showed jobless rate falling markedly to 10.9 percent from 13.3 percent in the second quarter. Statistics Finland is due to release the consumer price index figures for the month of October at 2 am ET. At 2.45 am ET, French current account data for September is due. Swiss producer and import price index data is expected at 3.15 am ET. At 5 am ET, Eurostat is scheduled to release the industrial production figures for September. Production is forecast to fall 2.3 percent month-on-month, while rising at a slower pace of 3.6 percent annually. Statistics Portugal is slated to publish the flash third quarter national accounts data at 5 am ET. The Portuguese economy stagnated in the second quarter compared to the preceding quarter. Annually, the gross domestic product dropped 0.9 percent. More FOREX-news on pages InstaForex.Com

European Economics Preview: UK Output Price Data Due Output price figures from the U.K. and preliminary gross domestic product estimates from Spain are the major European Economic news due on Friday. At 1 am ET, Statistics Estonia released the flash GDP numbers for the third quarter. The economy grew 0.8 percent quarter-on-quarter on a seasonally adjusted basis. Swedish unemployment data is due at 2 am ET. Jobless rate is expected to stay unchanged at 4.5 percent in October. At 3 am ET, Spanish third quarter GDP data is due. The economy grew 0.2 percent sequentially in the second quarter, while expanding 0.7 percent annually. Economists forecast the GDP to rise 0.7 percent year-on-year and to record zero growth on a quarterly basis. The Hungarian statistical office is scheduled to release the CPI figures for the month of October at 3 am ET. Turkish industrial production data is also expected at the same time. At 4.30 am ET, the Office for National Statistics is slated to publish output price data for October. Output prices are forecast to increase 0.2 percent from September on an unadjusted basis. More FOREX-news on pages InstaForex.Com

Research: ECB Made An Additional Eur 9.5bn of Weekly Bond Purchas Quotes from Standard Chartered: -As the crisis in the euro area intensifies, yields on peripheral government bonds have soared, with Italian 10Y yields reaching a high of 7.49% on 9 November, although European Central Bank (ECB) buying helped to stabilise yields at a slightly lower level by the end of the trading day. Meanwhile the ECB reported that the emergency lending facility hit an eight-month high. -Bond purchases through the Securities Market Program stood at EUR 129bn at the beginning of September, and have now reached EUR 183bn - with data this week showing that the ECB made an additional EUR 9.5bn of weekly bond purchases as contagion risks threaten to destabilise an already fragile euro area. More FOREX-news on pages InstaForex.Com

Euro Drops To 2-day Low Against Yen The euro edged lower against the currencies of the U.S., the U.K. and Japan in late Asian deals Wednesday. The common currency slipped to a 2-day low of 107.07 against the yen around 2:35 am ET, compared to 107.54 hit late New York Tuesday. The next downside target for the pair is likely to be seen around the 106.80 level. The common currency also reached as low as 0.8578 against the pound and 1.3784 against the dollar before holding steady around 2:35 am ET. The euro is presently worth 0.8580 against the pound and 1.3794 versus the buck. More FOREX-news on pages InstaForex.Com

Moody's Downgrades Three Cypriot Banks Moody's Investor Service on Tuesday lowered the long-term deposit and debt ratings of three Cypriot banks, following Cyprus' sovereign downgrade last week. The rating action reflected the reduced ability of the economy to support its large banking system, which has an asset base six times bigger than the country's gross domestic product, the agency said in a statement. Moody's said that it downgraded both Bank of Cyprus and Hellenic Bank by one notch to Ba2, while the ratings on Marfin Popular Bank Public Co Ltd was cut by three notches to B2. Moody's has also placed the ratings of the three banks on review for further downgrade. These actions followed Moody's downgrade on November 4 of Cyprus government bond rating by two notches to Baa3. More FOREX-news on pages InstaForex.Com

European Economics Preview: German Industrial Output Forecast To Fall Industrial production from Germany and retail sales from Eurozone are the major reports due on Monday, headlining a busy day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs (SECO) is scheduled to issue Swiss jobless data for October. The jobless rate is forecast to rise to 2.9 percent from 2.8 percent in September. The Czech statistical office is set to release industrial output and trade balance data for September at 3.00 am ET. Industrial production had increased 5.9 percent year-on-year in August. Swiss inflation data is due at 3.15 am ET. Economists forecast annual inflation to fall to 0.2 percent in October from 0.5 percent in September. Statistics Norway is slated to release industrial output data for September at 4.00 am ET. Industrial production had increased 3.6 percent month-on-month in August. The Sentix investor confidence index for Eurozone is due at 4.30 am ET. The index is seen at -20 in November, down from -18.5 in October. Eurozone retail sales figures are due from Eurostat at 5.00 am ET. Retail sales are forecast to fall 0.1 percent month-on-month in September after rising 0.1 percent in August. On a yearly basis, it is expected to drop 0.5 percent. The Federal Ministry of Economy and Technology is scheduled to issue German industrial production figures at 6.00 am ET. Economists forecast industrial output to fall 0.9 percent on a monthly basis after easing 1 percent in August. Finance ministers from Eurozone are set to meet in Brussels later today. Finance chiefs will possibly discuss on strengthening of the bailout fund in order to shield other economies like Italy and Spain. More FOREX-news on pages InstaForex.Com

InstaForex - Gold Sponsor of Forex & Investments Summit 2011 The international broker InstaForex became the official Gold Sponsor of the ninth exhibition Forex & Investments Summit held on November 15-16 in Abu Dhabi. The status Gold Sponsor is an honor as well as a responsibility for InstaForex, because a high status of the exhibition Forex & Investments Summit is acknowledged by all participants of the financial market. We are glad that the organizers of the expo Forex & Investments Summit and the international broker InstaForex became partners arranging this event. Forex & Investments Summit is one of the most recognized financial exhibitions in the world. Annually Forex & Investments Summit gathers leading representatives of the financial sector around the globe. Traditionally, the majority of participants and guests of the expo will be representing currency and other investment markets. At the exhibition Forex & Investments Summit awards in 19 categories will be handed in, including such as "Best Forex Broker", "Best PAMM Broker", "Best Retail Broker" etc. We invite guests related to financial markets to visit this remarkable event, that will be of interest to all of you. InstaForex и Forex & Investments Summit 2011 are looking forward to see you!

Euro Weakens Against Most Majors In early European deals on Thursday, the euro has been declining against its US, UK and Japanese counterparts. At present, the euro is worth 1.3660 against the dollar, 106.63 against the yen and 0.8600 against the pound. The next downside target level for the euro is seen at 0.855 against the pound, 105.0 against the yen and 1.361 against the dollar. More FOREX-news on pages InstaForex.Com

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European Economics Preview: German Unemployment Data Due Unemployment from Germany and final Purchasing Managers' survey results from Eurozone are the major reports due on Wednesday, headlining a busy day for the European economic news. At 3.00 am ET, Ireland's manufacturing Purchasing Managers' Index is due. Hungary's producer price figures are due at 4.00 am ET. Economists forecast producer prices to rise 3.3 percent annually in September, following a 0.1 percent drop in August. In the meantime, Poland's Purchasing Managers' survey data is due. Spain's manufacturing PMI is due from Markit Economics at 4.15 am ET. The index had fallen to 43.7 in September from 45.3 in August. Italy's manufacturing PMI, due at 4.45 am ET, is forecast to fall to 47.2 in October from 48.3 a month ago. At 4.50 am ET, the French final manufacturing PMI is due. German manufacturing PMI and unemployment reports are due at 4.55 am ET. The number of unemployed is forecast to fall by 10,000 in October after declining 26,000 in September. The jobless rate is expected to remain unchanged at 6.9 percent. At 5.00 am ET, Eurozone final manufacturing PMI for October is due. The index is expected to match the flash estimate reading of 47.3. In the meantime, Iceland's central bank is forecast to announce its interest rate decision. The central bank is widely expected to leave its key rate unchanged at 4.5 percent. The U.K. CIPS/Markit construction PMI is due at 5.30 am ET. The index is seen at 50 in October, down from 50.1 in September. More FOREX-news on pages InstaForex.Com