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S. Korean Business Confidence To Improve In October South Korean business confidence will improve in October, a survey carried out by the Federation of Korean Industries revealed Tuesday. The sentiment indicator for October came in at 101.4, the highest level since June. The index climbed from 96.3 in September. A reading above 100 suggests that companies forecasting business conditions to improve outnumber those predicting decline. The survey based on 600 companies revealed that firms expect improvement in export performance due to the weakness of the Korean won against the U.S. dollar. More FOREX-news on pages InstaForex.Com

WTO Cuts 2011 Trade Forecast On Rising Downside Risks The World Trade Organization (WTO) on Friday reduced the trade forecast for this year to 5.8 percent from its earlier 'conservative' estimate of 6.5 percent, citing rising downside risks. According to economists at the global trade body, trade has grown more slowly than expected in recent months and the outlook for the global economy is increasingly uncertain. WTO Director-General Pascal Lamy urged member countries to remain vigilant. "This is not the time for go-it-alone measures," he said. "This is the time to strengthen and preserve the global trading system so that it keeps performing this vital function in the future." More FOREX-news on pages InstaForex.Com

InstaForex Invites to Mix Fight Tournament! We would like to remind you that the international company InstaForex holds a series of ticket draws for "Grand Mix Fight 2011" tournament. The winners of every step will get the tickets for two persons to VIP-zone or a 500 USD deposit to their trading account, as well as a brand baseball cap and a T-shirt. InstaForex adheres to the ideas of fair competitiveness and aiming to victory, that is why the company is the main partner of the tournaments "Grand Mix Fight" and a sponsor of a famous team "Tornado – InstaForex". This time in " Get a VIP Zone ticket to M1" campaign 30 traders were registered, out of which in a random manner only three lucky people were chosen: 1 prize - 1020579 (Malaysia); 2 prize - 7088467 (Ukraine); 3 prize - 3030466 (Russia). The three winners opted for a bonus of 500 USD deposited to their trading accounts. We wish them good luck in trading with InstaForex! We invite all users to visit semi-final of M1 in the Ukraine due on September 24 in Simferopol in the national circus building. It promises to be unforgettable!

European Economics Preview: BoE Minutes, UK PSNB Due Minutes from the Bank of England's September 8 meeting and UK public sector borrowing are the major news on tap for Wednesday. At 3 am ET, money supply data from Switzerland and retail sales figures from Hungary are due. Swiss broad money supply grew 5.9 percent year-on-year in July. For Hungary, economists expects 1.3 percent decline in retail sales in July. Noway unemployment data is expected to be released at 4 am ET. The jobless rate is forecast to stay at 3.3 percent. At 4.30 am ET, the Bank of England is scheduled to release the minutes of the September 8 meeting of the monetary policy committee, which decided to leave the benchmark interest rate at record low of 0.5 percent. Economists are awaiting the release to know if any other members joined Adam Posen in seeking expansion in the QE. The Office for National Statistics is slated to release the public sector net borrowing figures for the month of August. Economists forecast the borrowing, excluding interventions, to amount to GBP 13 billion during the month. More FOREX-news on pages InstaForex.Com

"InstaForex Sniper": Happiness within Easy Reach! How much do you need to be happy? Some people need a nice job, luxury car and high salary. The others are already happy enjoying a beautiful view from the window, sunny weather, and odor of freshly cut grass or brewed coffee. To be happy at each little thing is a precious ability. Never lose it, and you will appreciate everything around you! Victories in "InstaForex Sniper" contest will bring you a piece of happiness! Meet our happy winners: 1 place – Adi Parwata (8553136) – 500 USD 2 place – Andrey Kritsky (8554148) – 400 USD 3 place – Alexei Shirin (8554142) – 300 USD 4 place – Maxim Mironov (8552485) – 200 USD 5 piece – Anouar Kasri (8552981) – 100 USD InstaForex Company congratulates the winners on their fair victory and wishes all participants every success! May every moment of your life bring you happiness! Contest statistics Registration page Photos and comments of the finalists

Euro Falls On Worsening Sovereign Debt Crisis The euro fell against its major counterparts in the Asian session on Monday amid concerns about debt worries in the euro zone following a lack of progress in the bailout efforts. The European finance ministers, who wrapped up two days of talks in Wroclaw, Poland, on September 17 said they would push back a decision on whether Greece should get its next payment from last year's $151 billion bailout package until next month. Greece needs the payment to avoid defaulting on its debt, an event that would undermine the global economic recovery and hurt banks that hold Greek debt. The euro also fell on worries that the ongoing credit woes in the euro zone will result in a marked slowdown in the global economic recovery. Reports suggested that Greek Finance Minister Evangelos Venizelos will hold official talks today with European Union and International Monetary Fund inspectors on its eligibility for next aid payment due next month. The euro hit 5-day lows of 104.99 against the yen and 1.3649 against the greenback, compared to Friday's close of 105.91 and 1.3789, respectively. The next downside target level for the euro is seen at 104.00 against the yen and 1.35 against the greenback Against the pound, the euro fell to a 5-day low of 0.8694 and the pair held steady thereafter. The pair is now trading at 0.8706, compared to last week's close of 0.8736. If the euro drops further, it may target the 0.865 level. The European currency fell to as low as 1.2058 against the franc and a 1-week low of 1.6531 against the kiwi. On the downside, the euro may target 1.20 against the franc and 1.64 against the NZ dollar. At Friday's close, the euro was worth 1.2095 against the franc and 1.6641 against the kiwi. The Eurozone construction output data for July is due in the European session From the U.S., NAHB housing market index for September is expected in the New York session. More FOREX-news on pages InstaForex.Com

German Manufacturing Employment Rises In July Employment in Germany's manufacturing industry increased from last year in July, preliminary data released by statistical office Destatis showed Thursday. Employment in manufacturing units with 50 or more employees increased 3.3 percent annually to 5.1 million in July. Employment in metal products making units advanced 5.8 percent, while the number of workers in electrical equipment manufacturing units moved up 5.6 percent year-on-year. There was a 5.2 percent annual growth in employment in firms that manufacture rubber and plastic products during the month. At the same time, the number of hours worked in German factories rose 1.9 percent year-on-year to 648 million in July, the agency said. More FOREX-news on pages InstaForex.Com

Hungary August Inflation Increases More Than Expected Hungary's annual inflation accelerated more than expected in August, data released by the Central Statistical Office showed Monday. The consumer price index grew 3.6 percent year-on-year in August. Economists expected prices to rise 3.4 percent, following July's 3.1 percent growth. Food prices rose 6.3 percent annually, while clothing and footwear prices moved up 3.8 percent during the month. Meanwhile, there was a 1.3 percent annual decline in prices of consumer durable goods in August. On a monthly basis, consumer prices edged down 0.1 percent, which was in line with economists' forecast. In July, prices dropped 0.3 percent month-on-month. At the same time, the harmonized index o consumer prices (HICP), which is measured under the EU methodology, rose 3.5 percent annually in August, while month-month, they dropped 0.1 percent. Core consumer prices, excluding selected items increased 3.1 year-on-year, and rose 0.2 percent on a monthly basis in August, the agency said. More FOREX-news on pages InstaForex.Com

ECB Likely To Scale Back Rate Hikes: Capital Economics The European Central Bank, or ECB, is most likely to reverse its recent rate hikes due to weak economic outlook and fading upside risks to price stability, Jennifer McKeown, a senior economist at Capital Economics, said. ECB President Jean-Claude Trichet's statement that the risks to price stability were now balanced rather than on the upside has confirmed that the bank's earlier policy tightening bias has disappeared entirely, McKeown noted. ECB hiked the interest rates twice this year to contain inflationary pressures. The updated ECB staff forecast now signals a slower growth for the Eurozone this year and the next. As per the revised forecasts, the economy is expected to grow between 1.4 percent and 1.8 percent in 2011 and between 0.4 percent and 2.2 percent in 2012. However, McKeown noted that the economy will slow much more dramatically than even the ECB's new forecast implies as the decline in euro-zone export orders and the recent slump in consumer confidence seems to confirm that consumers will not pick up the slack. More FOREX-news on pages InstaForex.Com

"One Million Option": We Unite The World! Just fancy: you can test you trading skills and compete with traders from all parts of the world in contests arranged by InstaForex Company! To do it, you do not need to buy an air ticket to the other side of the planet, get ready for a long trip or even leave home! And now we are glad to present you the list of the winners from various places on Earth who managed to become the best in the unique "One Million Option" contest: 1 place - Bilel Hallaci (8539862) - 500 USD 2 place - Oleg Zharskih (8543730) - 400 USD 3 place - Sergey Dubinin (8536996) - 300 USD 4 place - Andrey Svinin (8541402) - 200 USD 5 place - Alexandr Shevchenko (8539584) - 100 USD Take part in the contests organized by InstaForex Company! Borders and distance are no limits for the aspiring and cheerful! Contest statistics Registration page Photos and comments of the finalists

European Economics Preview: Eurozone GDP, German Factory Orders Data Due Gross Domestic Product figures from Eurozone, factory orders from Germany and consumer prices from Switzerland are the major statistical reports due on Tuesday. At 3.00 am ET, the Czech Statistical Office is scheduled to issue industrial and construction output figures. Economists expect output to grow 5 percent annually in July, down from 7.4 percent in June. The trade balance data is also due in the meantime. The Federal Statistical Office is set to publish August inflation data at 3.15 am ET. Swiss annual inflation is seen at 0.3 percent, down from 0.5 percent in July. At 4.00 am ET, Germany's parliament will start debate on its draft 2012 budget. At 5.00 am ET, Eurostat is slated to release second estimate for the Eurozone GDP. The statistical office is expected to confirm 0.2 percent sequential growth for the second quarter. The Federal Ministry of Economy and Technology is scheduled to issue German factory orders at 6.00 am ET. After rising 1.8 percent month-on-month in June, factory orders are forecast to drop 1.5 percent in July. More FOREX-news on pages InstaForex.Com

"One Million Option": Professional's Choice If you would like to taste competitiveness, visit InstaForex website and choose any contest you like from a variety of different contests. However, there is one special contest among them. Its complexity may discourage some traders, but its uniqueness always attracts the others. Professionals and true connoisseurs of Forex trading choose our option trading contest as it provides a golden opportunity to fulfill possibilities and aspirations, improve trading skills and replenish accounts! We are glad to introduce you to the winners of 22–27 August week which have proved their professionalism! 1 place – Andrzej Diurczak (8532164) – 500 USD 2 place – Sergey Borisov (8530998) – 400 USD 3 place – Antonina Vishnevskaya (8528344) – 300 USD 4 place – Muhammad Irfan Nurdadi (8529925) – 200 USD 5 place – Artur Tochilin (8531219) – 100 USD Take part in InstaForex Company contests! Don’t miss a chance to improve your skills! Contest statistics Registration page Photos and comments of the leaders

UK Construction Activity Eases In August UK construction sector activity slowed more than expected in August, latest survey results from Markit Economics showed Friday. The headline Markit/CIPS purchasing managers' index for the construction sector fell to 52.6 in August from 53.5 in July. Economists expected the index to edge down to 53.2. A PMI reading above 50 indicates expansion of the sector, while a reading below 50 suggests contraction. This was the lowest score in the current eight-month sequence of expansion. Both employment levels and sub-contractor usage continued to fall during the latest survey period. Input price inflation picked up to a three-month high and the rate of increase was sharp and above the series trend. Reflecting weaker increases in both output and new business, expectations for activity weakened to its lowest level in eight months. More FOREX-news on pages InstaForex.Com

InstaForex Company extends the best greetings to our all Muslim customers on the occasion of the Eid ul-Fitr holiday! Muslims around the world start celebrations of Eid ul-Fitr on August 30. This 3-day holy festival of moral and spiritual perfection is the integral part of Muslim ancient spiritual heritage. It encourages friendship and love, benignancy and compassion, and help to the poor and needy. Dear customers, we wish you the warmest Eid ul-Fitr greetings! May you have justice of Umar, modesty of Uthman, beauty of Yusuf, wealth of Kharun, wisdom of Luqman, power of Suleyman, patience of Ayyb, honesty of Abu Bakr and God’s love! May you and your family enjoy Eid Mubarak all the year! Yours sincerely, InstaForex Company

Euro At More Than 5-week High Versus Franc The euro spiked up to more than a 5-week high of 1.1764 against the Swiss franc at 2:05 am ET Monday. The euro-franc pair is presently trading at 1.1760, compared to 1.1702 hit late New York Friday. If the euro rises further, it may target 1.21 level. More FOREX-news on pages InstaForex.Com