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Dollar Strengthens Against European Majors After moving broadly sideways in the latter part of the Asian session, the US dollar edged higher against the major currencies of Europe in early European deals Tuesday. The greenback is presently trading at fresh multi-month highs of 1.3148 against the euro and 0.9233 against the Swiss franc with 1.3080 and 0.93, respectively seen as the next likely resistance levels. Against the pound, the US dollar advanced to an 11-day high of 1.54 around 3:50 am ET. The cable is presently worth 1.5415 with 1.5340 seen as the next likely target level. More FOREX-news on pages InstaForex.Com
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"Lucky Trader": Time to Become Jeweler of Forex Trading! Forex trading can only be compared to a jeweler's craft as it demands high accuracy, filigree work and close attention to details. These are the very skills that help a jeweler to turn a slug to a nominative work of art, and help a trader to gain tens and event hundreds of thousands! Do you want to try yourself? Start sharpening your skills in the "Lucky Trader" Forex contest held by InstaForex Company. A contest's regular stage was held from 12 to 24 September and attracted a lot of participants. Here are the best traders: 1 place - Dmitriy Chub (8559185) - 1000 USD 2 place - Anna Gayko (8566896) - 750 USD 3 place - Aleksandr Lebedev (8568744) - 500 USD 4 place - Pavel Tsaran (8555566) - 250 USD 5 place - Oleg Zharskiy (8566539) - 200 USD 6 place - Valentina Vasilieva (8565387) - 150 USD 7 place - Zulkifly Che Soh (8566758) - 100 USD 8 place - Mikhaylo Romanik (8567636) - 50 USD InstaForex Company warmly congratulates the winners and thanks all participants! Contest statistics Registration page Photos and comments of the finalists
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Eurozone Factory Activity Declines Less Than Expected Eurozone factory activity decline in September was less severe than expected, final results of a survey by Markit Economics showed Monday. The final reading of the purchasing managers' index (PMI) for the manufacturing sector was a 25-month low of 48.5, a tad above the flash estimate of 48.4. In August, the score was 49. A reading below 50 indicates contraction in the sector. Eurozone manufacturing sector contracted for a second consecutive month, led by decline in new orders in all countries. New orders dropped at the fastest rate in 27 months due to a combination of disappointing domestic sales and weak exports. The PMI held above the neutral-mark of 50 only in Germany, though by a small margin. Meanwhile, Italy was the only euro member to see a rise in PMI, but the index remained in contractionary territory. Greece recorded the steepest rate of contraction of all countries covered, followed by Spain and then Ireland, Markit said. More FOREX-news on pages InstaForex.Com
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European Economics Preview: Eurozone Flash Inflation Data Due Flash inflation and unemployment from Eurozone and retail sales from Germany are the major statistical reports due on Friday, headlining a hectic day for European Economic news. At 2.00 am ET, the Federal Statistical Office is scheduled to issue German retail sales. Economists forecast retail sales to fall 0.5 percent month-on-month in August, following a 0.3 percent rise in July. On a yearly basis, retail sales are forecast to fall 1 percent. The French statistical office Insee is set to publish consumer spending and producer prices for August. Monthly increase in consumer spending is seen at 0.1 percent, down sharply from 1.2 percent rise in July. Producer price annual inflation is forecast to ease to 5.9 percent from 6.1 percent in July. Denmark's GDP, Norway unemployment and Turkish trade balance are due at 3.00 am ET. The Danish economy is forecast to expand 0.8 percent sequentially in the second quarter. Turkey's trade deficit is seen at $7.1 billion in August, smaller than the $9.01 billion shortfall in July. The Italian statistical office Istat is slated to issue unemployment data for the second quarter. The jobless rate is expected to fall to 8 percent from 8.2 percent in the first quarter. Eurozone flash inflation and jobless figures are due at 5.00 am ET. Inflation is expected to remain unchanged at 2.5 percent in September. The jobless rate is seen at 10 percent in August. In the meantime, Italy's inflation data is due. Annual inflation is forecast to rise slightly to 2.9 percent from 2.8 percent in August. At 5.30 am ET, Swiss KOF leading index is due. The indicator is expected to ease to 1.3 in September from 1.61 in August. More FOREX-news on pages InstaForex.Com
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Europe Aug. Commercial Vehicle Sales Growth Improves: ACEA European new commercial vehicle sales increased at a faster pace in August, data from the European Automobile Manufacturers' Association (ACEA) showed Thursday. New registrations of commercial vehicles moved up 15.7 percent year-on-year after rising 3 percent in July, which led to an 8.3 percent increase over the two summer months compared to the same period last year. From January to August, a total of 12,611,244 new commercial vehicles were registered across the region, or 12.1 percent more than in the first eight months of previous year. Most major markets logged growth, ranging from 6.4 percent in France to 21.1 percent in the U.K. and 23.3 percent in Germany. Spain was the only one to contract, where sales were down 6.3 percent. In August, new truck registrations increased by 23.5 percent, reflecting the upturn in Germany. After a 3.8 percent fall in July, new bus and coach registrations increased by 4.8 percent in August. More FOREX-news on pages InstaForex.Com
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Euro Mixed Ahead Of German Import Price Index German import price figures for August will be released at 2:00 am ET Wednesday. Ahead of the data, the euro showed mixed trading against its major counterparts. While the euro rose against the franc, it held steady against the yen. Against the greenback and the pound, the euro fell. At 1:55 am ET, the euro traded at 1.3554 against the greenback, 103.80 against the yen, 0.8676 against the pound and 1.2202 against the franc. More FOREX-news on pages InstaForex.Com
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"One Million Option": Go with The Wind to New Discoveries! It was zest for discoveries that drove the man to new continents, seas and oceans and new trade routes as well that brought leading commercial powers to prosperity. Today it seems to be not that easy to make a discovery that would allow even an individual, not to mention an entire state, to boost capital to live life to the full and be confident in good future of the family. InstaForex Company offers all those interested to test their skills and abilities the "One Million Option" contest, favoured by many traders. Many Company’s clients managed to set new goals to achieve on their career way in the vast realm of the financial markets! So, it is high time to congratulate the winners of this contest step: 1 place - Vladimir Pavlishin (8581907) - 500 USD 2 place - Dmitry Makaryan (8578815) - 400 USD 3 place - Rafeek Musa (8579722) - 300 USD 4 place - Andrey Titov (8581652) - 200 USD 5 place - Dzianis Puskin (8573528) - 100 USD Take part in contests and campaigns arranged by InstaForex Company - your guide to the world of financial independence! Contest statistics Registration page Photos and comments of the finalists
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Eurozone Leading Index Falls In August: Conference Board Eurozone's leading economic indicator declined in August, after improving slightly in the previous month, data released by the Conference Board showed Monday. The leading economic indicator (LEI) dropped to 107.1 in August from 108.6 in July. In June, the reading was 108.5. The decline in the index was primarily due to a severe deterioration in business confidence and stock prices. Meanwhile, the coincident economic index (CEI), which measures the current economic condition, remained unchanged at 103.4 in August. In June, the reading was 103.1. In the six months ended August, the LEI decreased 1.7 percent, while the coincident index edged up 0.4 percent, the agency said. More FOREX-news on pages InstaForex.Com
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BoE's Posen: Central Bankers' Inflation Expectation Worries Exaggerated-Report Bank of England policymaker Adam Posen said that the central bankers' fears over public inflation expectations are "exaggerated." In an interview to the Wall Street Journal, published Thursday, he said the central bankers are overly worried that that the public and markets are going to expect more inflation. "The likelihood of it happening in the current economic environment seems extremely low." Posen in the lone member in the Bank of England monetary policy committee demanding more stimulus to the economy. Old habits and misperceptions of today's recovery are making his U.K. peers and some central banks in Europe and the U.S. reluctant to aggressively pump more credit into the economy, he said during the interview. The U.K's above-target inflation is due to "temporary factors" and this should not prevent the central bank from easing in the future, he told the newspaper. Posen called for "roughly coordinated" move by major developed-country central banks to ease monetary policy. More FOREX-news on pages InstaForex.Com
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"Lucky Trader": Celebrate Your Victory! We all like holidays such as Birthday, New Year Eve and Independence Day… Every year we look forward to these days which are full of unforgettable air of celebration! What does a real holiday consist of? What are its components? Cheerful mind, dear friends and pleasant souvenirs! Take part in "Lucky Trader" contest by InstaForex company! It is a unique chance to celebrate another day, a day of your victory! Meet our lucky winners of 29 August - 10 September! 1 place – Lidia Borisenko (8544294) – 1000 USD 2 place – M Nurrohman (8529948) – 750 USD 3 place – Marina Tomashevich (8540185) – 500 USD 4 place – Sergey Titenkov (8544774) – 250 USD 5 place – Igor Alexandrov (8540884) – 200 USD 6 place – Yury Vasiliev (8537380) – 150 USD 7 place – Vladimir Ikonnikov (8540681) – 100 USD 8 place – Dmitry Litvin (8542669) – 50 USD InstaForex Company congratulates the winners and thanks all participants! Contest statistics Registration page Photos and comments of the finalists
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German Producer Price Inflation Eases In August German producer price inflation slowed in August, data from the Federal Statistical Office showed Friday. Producer prices increased 5.5 percent year-on-year in August, while economists expected the rate of inflation to remain steady at July's 5.8 percent. On a monthly basis, the producer price index fell 0.3 percent compared to expectations for no change. The annual increase was driven by 10.7 percent annual surge in producer prices of energy. Excluding energy, producer prices were 3.3 percent higher than in August last year. Producer cost of intermediate goods climbed 4.9 percent year-on-year due to higher prices of metals. Factory costs of consumer goods increased 3.7 percent from August last year. More FOREX-news on pages InstaForex.Com
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Europe Car Registrations Increase Sharply N August European new car registrations increased significantly in August, after two successive months of declines, despite the intensified debt crisis and fiscal squeeze across the region. Car registrations rose 7.7 percent year-on-year in August following a 2 percent decline in July, the European Automobile Manufacturers' Association (ACEA) said Friday. In June, registrations fell 8.1 percent. During the January to August period, a total of 8.9 million new cars were registered, down 1.3 percent from the same period last year. In August, new EU registrations totaled 753,709. New car sales in Germany climbed 18.3 percent annually, while sales in the UK rose 7.3 percent. Spain saw 5.9 percent more registrations than last year, while French market reported 3.1 percent rise in sales. Italian new car registrations rose 1.5 annually. In July, only Germany posted growth, up 9.9 percent from last year. Car registrations fell 10.3 percent in Italy, 5.7 percent in France 4 percent in Spain and 3.5 percent in the U.K. More FOREX-news on pages InstaForex.Com
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"Rally FX-1": Forex Sports News There is an opinion that most of Forex traders lead sedentary lifestyle sitting in front of their computers and have never heard a word about sports. This opinion has nothing with InstaForex Company traders who are speedy Forex racers! Really they are, as far as "Rally FX-1", the speediest contest for demo-accounts is concerned! Today with great honor we introduce to you and congratulate new winners of the contest amongst the speediest traders: 1 place – Gennady Chsherbinin (8544408) – 500 USD 2 place – Nagy Csaba Gyula (8550356) – 400 USD 3 place – Alexander Lukyanenko (8543740) – 300 USD 4 place – Maxim Kunakh (8548856) – 200 USD 5 place – Alexander Borisov (8550559) – 100 USD Go in for sports with the best Asian broker! Contest statistics Registration page Photos and comments of the finalists
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Russia's Central Bank Maintains Interest Rate Russia's central bank on Wednesday decided to leave its key rate unchanged, as expected by economists, as inflation continued to ease. Bank Rossii left its refinancing rate unchanged at 8.25 percent. The central bank said in a statement that the decision was based on an assessment of inflation risks and risks to the sustainability of economic growth. Driven by food products prices, the downward trend in annual inflation continued in September, the bank noted. More FOREX-news on pages InstaForex.Com
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Euro Moving Sideways After Falling Earlier On Fears About Greek Default Monday, the euro has been moving sideways against other major currencies after falling early in the Asian session on fears about a Greek default. The surprise resignation of the European Central Bank executive committee member Juergen Stark on Friday also added worries about Europe. The ECB said Stark is resigning for personal reasons, but media reports suggested that his resignation reflects a conflict over the central bank's controversial bond-buying program. The euro is now worth 1.3586 against the US dollar, compared to near a 7-month low of 1.3556 hit early in the session. The euro that slipped to more than a 10-year low of 105.06 against the yen at 5:25 pm ET is presently worth 105.26. The euro that declined to a 6-month low of 0.8565 against the pound and a 5-day low of 1.2056 against the franc in early deals is currently worth 0.8571 and 1.2060, respectively. More FOREX-news on pages InstaForex.Com
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"InstaForex Sniper": Live and Learn! The history of "InstaForex Sniper contest" shows the following peculiar phenomenon: the prize list tends to comprise the same names. Yet, as time passes, new finalists appear in the list and this tendency is constant. This fact is undoubtedly suggestive that participating in InstaForex Company on a regular basis traders prefect their skills and move closer to the Olympus peak! Here are the Forex celestials of this week: 1 place - Yelena Shotropa (8544626) - 500 USD 2 place - Pintea Vladimir Anatolie (8542889) - 400 USD 3 place - Alexandr Yermakov (8543871) - 300 USD 4 place - Chidinma Сhristian (8542003) - 200 USD 5 place - Oleg Glavatskih (8542601) - 100 USD We congratulate the winners on a well-deserved yet effort-taking victory! We wish all participants keep their heads up and not to give up! You live to learn, so keep on trying! Contest statistics Registration page Photos and comments of the finalists
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European Banking Authority concerned About Capital Supply says Eba Executive Director News European Banking Authority has asked sovereign watchdogs to observe Liquidity situation in their respective domain said a EBA Executive Director Adam Farkas to Financial Times Deutschland Quotes "The availability of capital, the opportunity for banks to get medium and long-term financing and get short-term credit, are a cause for concern, But this does not yet present any risk and is not an emergency situation," EBA Executive Director Adam Farkas to Financial Times Deutschland More FOREX-news on pages InstaForex.Com
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"Rally FX-1": Need for Speed Many traders have already tasted excellent regular contests from InstaForex Company, the best broker in Asia. All the contests provide a golden opportunity to make a pretty penny without risks and show your professional skills to other traders. But if you want something special, try "Rally FX-1" contest, the fastest contest for demo-accounts. Every 24 hours the speediest and strongest Forex racers fight for the right to get on the podium among the best five traders! Meet the winners of 26-27 August round of this splendid contest! 1 place – Igor Moskalenko (8531918) – 500 USD 2 place – Ion Christian Barcia (8538780) – 400 USD 3 place – Ashogbon Dimu Godwin (8537539) – 300 USD 4 place – Oleg Zukov (8539010) – 200 USD 5 place – Ali Janbaz (8539891) – 100 USD "Rally FX-1": register right now and join winners of the next round! Contest statistics Registration page Photos and comments of the finalists
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European Economics Preview: Eurozone Composite PMI, Retail Sales Data Due Composite Purchasing Managers' survey results and retail sales from Eurozone are the major statistical reports due on Monday, headlining a busy day for European economic news. At 2.00 am ET, Statistics Finland is scheduled to issue GDP data for the second quarter. Ireland's services PMI is also due at the same time. Turkish Statistical Institute is set to publish consumer prices and producer price figures at 3.00 am ET. At 3.45 am ET, Italian services PMI is due. The index is forecast to rise to 49.2 in August from 48.6 in July. Final PMI data is due from France and Germany at 3.50 am and 3.55 am ET, respectively. Eurozone composite PMI is expected at 4.00 am ET. The final composite PMI is seen at 50.7 in August, down from 51.1 flash estimate. Eurozone sentix investor confidence is due. The indicator is seen at -17 in September, down from -13.5 points in August. In the meantime, U.K. CIPS/Markit services PMI is due. At 5.00 am ET, Eurostat is scheduled to issue euro area retail sales figures. Economists forecast retail sales to fall 0.1 percent month-on-month in July after rising 0.7 percent in June. Annually, retail sales are expected to grow 0.1 percent. More FOREX-news on pages InstaForex.Com
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"Lucky Trader": It's Time for Joy When things go right, it is always easy to enjoy life and welcome changes. But even a small misfortune may give all the blues. Never let it happen! Never let a spleen shoot you down! Welcome every piece of luck and always hope for the best! That is exactly what participants of "Lucky Trader" contest do: they hope and they win. We have already made happy tens of traders, and here are winners of this week: 1 place - Ibrahim Karachik (8518512) – 1000 USD 2 place - Sekar M (8517942) – 750 USD 3 place - Sergey Romanyuk (8513928) – 500 USD 4 place - Vladimir Shchur (8519570) – 250 USD 5 place - Narongkorn Lukkham (8509912) – 200 USD 6 place - Patricia Nwankwo (8517935) – 150 USD 7 place - Andrey Lomov (8518632) – 100 USD 8 place - Vladimir Panin (8518990) – 50 USD Congratulation on your splendid victory! InstaForex Company wishes the other participants find their lucky strike! Contest statistics Registration page Photos and comments of the finalists
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Euro Little Changed After Germany's August Unemployment Report Following the release of German unemployment data for August at 3:55 am ET, the euro was little changed against its major counterparts. As of 3:56 am ET, the euro was trading at 110.60 against the yen, 1.1725 versus the Swiss franc, 1.4440 against the dollar and 0.8858 against the pound. More FOREX-news on pages InstaForex.Com
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Euro Pares Gains Against Majors The euro pared its recent gains against its major counterparts ahead of the European session on Tuesday. The euro is now trading at 1.1865 against the franc, 111.38 against the yen, 1.4502 against the greenback and 0.8842 against the pound. More FOREX-news on pages InstaForex.Com
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"One Million Option": Myths And Reality! There are many myths that tell about the daring deeds for the sake of love, happiness, fame or justice. Reading or listening to such stories, we admire the brave who risks his life or spares no efforts for the victory. But any of us can be the winner in the real life! And there is no need to risk your life or get exhausted achieving the positive results as InstaForex Company offers engrossing contests participation in which will bring you the desired victory and pleasure from favorite activity! And now we are happy to introduce the winners of the latest option trading contest step: 1 place - Dmitriy Myasnikov (8519522) - 500 USD 2 place - Adhitya Azhoera (8518087) - 400 USD 3 place - Alisher Gapirov (8515857) - 300 USD 4 place - Daniil Kostrikin (8519035) - 200 USD 5 place - Vladimir Pavlishin (8520033) - 100 USD Participate in "One Million Option" contest by InstaForex: the victory is closer than you imagine! Contest statistics Registration page Photos and comments of the leaders
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Slovak Producer Price Inflation Slows For Fourth Month Slovak producer price inflation slowed for a fourth consecutive month in July, data released by the Statistical Office of the Republic of Slovakia showed Friday. The producer price index increased 3.3 percent year-on-year in July, slower than the 4.6 increase in June. Prices of goods meant for the domestic market rose 2.1 percent annually, slower than a 2.5 percent jump in the previous month. Producer prices in the mining and quarrying industry moved up by 2.8 percent, while manufacturing prices advanced 4.4 percent. There was a 1 percent annual decrease in prices of electricity, gas, steam and air conditioning supply in July. On a monthly basis, producer prices dropped 0.5 percent during the month, compared to 0.2 percent fall recorded in June. In the January-July period, total producer prices climbed 5 percent from the corresponding period last year. More FOREX-news on pages InstaForex.Com
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"InstaForex Sniper": New Goals, New Victories! Summer is believed to be a little life, but alas, it is coming to its end. However, do not be sad: soon your life will please you with many new emotions, landscapes and scenes, curious acquaintances and new accomplishments! If you lacked an opportunity, experience or time to win in "InstaForex Sniper" contest during the summer, go ahead and do it now. We, in our turn, congratulate those who did take their chance and won: 1 place - Yuriy Moroz (8506231) - 500 USD 2 place - Mikhail Tumanin (8506632) - 400 USD 3 place - Sergey Melnikov (8506734) - 300 USD 4 place - Chong Kwang Chyen (8503489) - 200 USD 5 place - Yudha Avidianto (8505048) - 100 USD Our sincere congratulations to the leaders of the contest arranged by InstaForex Company. We wish all participants new victories and records! Contest statistics Registration page Photos and comments of the finalists