IFX Matthias

U.S. Dollar Hits 12-day High Against Canadian Dollar In the Asian morning session on Monday, the U.S. dollar advanced against the Canadian currency. The greenback that ended last week's deals at 1.0034 against the loonie spiked up to 1.0044, its highest level since January 30. The next upside target level for the greenback-loonie pair is seen at 1.005. More Forex News - at instaforex.com

U.S. Consumer Credit Increases In Line With Estimates In December Consumer credit in the U.S. increased roughly in line with economist estimates in the month of December, according to a report released by the Federal Reserve on Thursday, with an increase in non-revolving credit more than offsetting a drop in revolving credit. The report said consumer credit increased by $14.6 billion in December following a revised increase of $15.9 billion in November. Economists had expected credit to increase by about $14.5 billion. The increase was largely due to another jump in non-revolving credit such as student loans and car loans, which surged up by $18.2 billion in December after rising by $15.4 billion in November. Meanwhile, revolving credit, which largely reflects credit card debt, fell by $3.6 billion in December after edging up by $0.5 billion in the previous month. The Fed also said consumer credit rose by an annual rate of 6.3 percent in December, with non-revolving credit jumping by 11.4 percent but revolving credit falling by 5.1 percent. More Forex News - at instaforex.com

Research: France Moving in the Right Direction on Reform Quotes from Societe Generale Cross Asset Research: The 2013 budget, the 6 November competitiveness pact and 11 January labour market reforms reassured markets that France is moving in the right direction on reform. To build the competitiveness of the French economy and raise the future growth potential, the government must now open the next chapter on reform. The timetable for this is not yet set in stone, but the agenda over the coming quarters (for 2013-2014) will include: cuts to public spending amounting to €60bn, new ways to fund social protection, reforms to unemployment insurance and pensions. Against a backdrop of weak economic growth (0.0% yoy in Q4.12), these issues are particularly sensitive. More Forex News - at instaforex.com

Aussie Slides As Australia's Dec. Retail Sales Disappoint The Australian dollar edged lower against its key counterparts in early Asian deals Wednesday as the nation's retail sales figures for December came in well-below market expectations. Retail sales were down a seasonally adjusted 0.2 percent in December, the Australian Bureau of Statistics said today. That was well shy of forecasts for an increase of 0.3 percent following the upwardly revised 0.2 percent contraction in November. The downbeat data prompted traders to sell the Australian dollar across the board. The aussie reached 1.2257 against NZ dollar, its weakest level since July 2010. The Australian dollar fell below the 1.0350 area against the US dollar for the first time in 2013. The Australian currency also fell to a 5-day low of 1.3134 against the euro and nearly a 5-week low of 1.0315 against the Canadian dollar following the data. Even against the flaccid Japanese currency, the Australian currency declined to 96.95 although the pair staged some recovery attempts above 97.0 later. More Forex News - at instaforex.com

Australia Trade Deficit A$427 Million In December Australia saw a merchandise trade deficit of A$427 million in December, the Australian Bureau of Statistics said on Tuesday - blowing away expectations for a shortfall of A$800 million following the upwardly revised A$2.788 billion deficit in November. Exports were up 3.0 percent on month to A$25.381 billion after adding 1.0 percent in the previous month. Imports dropped 6.0 percent on month to A$25.808 billion after rising 2.0 percent a month earlier. More Forex News - at instaforex.com

Australia Job Ads Dip 0.9% In January - ANZ The total number of job advertisements in Australia was down a seasonally adjusted 0.9 percent on month in January, ANZ Bank said on Monday, standing at 133,649. That follows the upwardly revised 2.8 percent decline in December (originally reported at -3.8 percent). On year, ads were down 18.4 percent. Internet job ads were down 0.6 percent on month and 17.5 percent on year, while newspaper ads dropped 9.2 percent on year. More Forex News - at instaforex.com

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Australia Q4 PPI +0.2% On Quarter Producer prices is Australia were up 0.2 percent in the fourth quarter of 2012 compared to the previous three months, the Australian Bureau of Statistics said on Friday. That was below forecasts for an increase of 0.3 percent after adding 0.6 percent in the third quarter. On a yearly basis, producer prices climbed 1.0 percent - again short of estimates for an increase of 1.2 percent after gaining 1.1 percent in the previous three months. More Forex News - at instaforex.com

Australia Private Sector Credit Grew In December - RBA The overall amount of credit extended to private sector recipients in Australia increased in December by 0.4 percent over November, the Reserve Bank of Australia reported Thursday. For the full year to December, overall private sector credit rose 3.6 percent. The RBA said housing credit increased in December by 0.3 percent on month, and rose 4.5 percent on year. Business credit increased 0.7 percent on month and 2.8 percent on year. The RBA also said the M3 money supply grew by 0.6 percent in November and the broad money supply was up 0.5 percent. All the figures are seasonally adjusted. More Forex News - at instaforex.com

Japan Retail Sales Rise 0.1% In December Retail sales in Japan were up a seasonally adjusted 0.1 percent in December, the Ministry of Economy, Trade and Industry said on Wednesday, worth 13.098 trillion yen. That missed forecasts for an increase of 0.4 percent following the downwardly revised 0.1 percent contraction in November. On a yearly basis, retail sales were up 0.4 percent - beating forecasts for a gain of 0.3 percent after adding a downwardly revised 1.2 percent in the previous month. Sales from large retailers were flat on year at 2.105 trillion - also topping expectations for a decline of 1.0 percent after rising 0.9 percent a month earlier. More Forex News - at instaforex.com

Australian Dollar Advances After NAB Business Confidence Index The Australian dollar strengthened against other major currencies in early Tuesday Asian deals after a report showed that NAB business confidence improved in December. Data from National Bank of Australia showed that business confidence index rose to +3 from -9 in November. Business conditions came in at -4 points, compared to -6 last month. Against the buck, the aussie approached 1.0448, its highest level since January 25. If the aussie extends gain, it may break 1.05 level. The aussie climbed to a 4-day high of 1.2880 against the euro also, compared to Monday's close of 1.2921. The aussie rebounded from early lows of 1.0472 against the loonie and 94.21 against the yen and is now trading at 1.0510 and 94.78, respectively. More Forex News - at instaforex.com

Pound Falls Against U.S. Dollar During the early Asian session on Monday, the pound declined against the U.S. currency. The pound that ended Friday's deals at 1.5799 against the greenback slipped to 1.5759. The next downside target level for the pound is seen at 1.57. More Forex News - at instaforex.com

Australian Dollar Slides To 3-week Low Against Greenback Extending yesterday's downtrend, the Australian dollar reached 1.0441 against its US counterpart on Friday morning in Asia, its weakest level since January 4. At Thursday's North American close, the Australian dollar was worth 1.0454 against the greenback. The near-term bias is bearish for the Australian currency and the AUD/USD pair is poised to pierce its 100-day simple moving average level of 1.0420. More Forex News - at instaforex.com

Japan Trade Deficit Y641.5 Billion In December Japan saw a merchandise trade deficit of 641.5 billion yen in December, the Ministry of Finance said on Thursday. That missed forecasts for a shortfall of 522.8 billion yen following the downwardly revised deficit of 954.8 billion yen in November. Exports were down 5.8 percent on year - also missing forecasts for a contraction of 4.2 percent and accelerating from the 4.1 percent fall in the previous month. Imports were up an annual 1.9 percent versus expectations for an increase of 1.7 percent after rising an upwardly revised 0.9 percent a month earlier. More Forex News - at instaforex.com

Australia CPI +2.2% On Year In Q4 Consumer prices in Australia were up 2.2 percent on year in the fourth quarter of 2012, the Australian Bureau of Statistics said on Wednesday. That was shy of forecasts for an increase of 2.4 percent after rising 2.0 percent in the previous three months. On quarter, prices were up 0.2 percent - also below expectations for an increase of 0.4 percent after climbing 1.4 percent in the third quarter. More Forex News - at instaforex.com

Singapore Dollar Slides Against U.S. Dollar The Singapore dollar declined against the U.S. dollar in early deals on Tuesday. The Singapore dollar that closed yesterday's deals at 1.2282 against the greenback fell to 1.2310. The next downside target level for the Singapore currency is seen at 1.24. More Forex News - at instaforex.com

Swiss Franc Weakens Against Majors In early Asian deals on Friday, the Swiss franc declined against its major counterparts. Against the greenback and the euro, the franc hit more than a 5-week low of 0.9369 and a 1-1/2-year low of 1.2524, respectively. The franc eased to 95.79 against the yen from an early high of 96.62. The Swiss currency that closed yesterday's deals at 1.4918 against the pound fell to as low as 1.4961. More Forex News - at instaforex.com

New Zealand ANZ-Roy Morgan Consumer Confidence Ticks Up In January Confidence among New Zealand consumers increased in January as they remained upbeat about the general economic conditions, a survey by ANZ and Roy Morgan revealed Thursday. The consumer confidence index rose to 118.3 in January from 114.7 in December. Readings above the 100 mark are taken as a net positive. The current conditions index rose 8 points to 117, while future conditions index increased at the margin to 119, its highest level since mid 2011. Consumers feel marginally less worse off financially than a year earlier with the corresponding index rising to -5 from -7 in the previous month. The indicator measuring households' expectations regarding their own financial prospects in the year ahead fell marginally to 29 from 31 in December. However, the sentiment is still regarded as positive, the survey report said. Consumers' outlook on the general economy one year ahead are better. Sentiment towards the economy five years out remains solid at 21, though down on the month prior, the report said. More Forex News - at instaforex.com

Australia New Motor Vehicle Sales Rise 2.2% In December The total number of new motor vehicle sales in Australia was up a seasonally adjusted 2.2 percent in December, the Australian Bureau of Statistics said on Wednesday, standing at 98,264. Sales were flat on month in November. On a yearly basis, new motor vehicle sales surged 17.9 percent after climbing 9.7 percent in the previous month. By category, sales of Passenger vehicles and Sports utility vehicles increased by 1.2 percent and 5.8 percent, respectively. Other vehicles increased by 0.2 percent over the same period. By region, South Australia saw the largest percentage increase (4.3 percent), followed by New South Wales (4.0 percent) and Victoria (1.9 percent). Over the same period, Tasmania and the Northern Territory decreased by 12.1 percent and 2.2 percent, respectively. More Forex News - at instaforex.com

InstaForex Company Summarizes the Results of InstaForex Great Race 2012 InstaForex Company is happy to tell the results of the last step and, at the same time, the whole season of InstaForex Great Race 2012. We are glad to welcome the participants at the finishing line of the most popular Forex campaign. Tens of thousands of traders from 80 countries were fighting for the main prize during four steps of the contest, competing in professional skills on Forex market. The whole world was watching captivating and unpredictable traders' game. Suspense was intense until the last minutes. InstaForex Great Race is considered to be the leading international Forex contest for the fourth time, uniting people from all over the world. InstaForex encourages great amount of traders and increases the prize pool from year to year. In 2012 the grand prize totaled $55,000! We thank all the participants for the strong desire to win and excellent moral which helped them through the year. Looking forward to see you in new season of InstaForex Great Race 2013 and wish you to achieve new victories on Forex market!

Yen Slides Against Most Majors The Japanese yen slipped against most major currencies in Asian morning deals on Tuesday. The yen declined to as low as 89.64 against the greenback, 119.99 against the euro, 144.22 against the pound and 91.16 against the loonie. On the downside, the yen may break 91.00 against the greenback, 121.00 against the euro, 146.00 against the pound and 92.5 against the loonie. More Forex News - at instaforex.com

Australia Job Ads Contract 3.8% In December - ANZ The total number of job advertisements in Australia was down 3.8 percent on month in December, a survey from ANZ revealed on Monday, falling for the 10th straight month to come in at 133,352. That follows the upwardly revised 2.8 percent contraction in November (originally -2.9 percent). Internet job ads dropped 3.9 percent in December, while newspaper ads fell 0.4 percent. On a yearly basis, the total number of job ads was down 15.3 percent. "Job advertising is a key barometer of economic activity and business confidence. Its ongoing weakness suggests that conditions for a large share of Australian businesses remain challenging and the outlook uncertain," Justin Fabo, ANZ's head of Australian economics, said in a statement. More Forex News - at instaforex.com

China CPI +2.5% On Year In December Consumer prices in China were up 2.5 percent on year in December, the National Bureau of Statistics said on Friday, touching a seven-month high. The headline figure exceeded forecasts for an increase of 2.3 percent after coming in at 2.0 percent in November. Food prices jumped 4.2 percent, while non-food prices were up 1.7 percent. On month, CPI was up 0.8 percent. The bureau also noted that producer prices were down 1.9 percent on year versus forecasts for a contraction of 1.8 percent after shedding 2.2 percent in the previous month. More Forex News - at instaforex.com

Australian Dollar Declines After Dismal Retail Sales Data In early Asian deals on Wednesday, the Australian dollar slipped against most major currencies after the release of disappointing retail sales, which declined a seasonally adjusted 0.1 percent month-on-month in November. Sales totaled a seasonally adjusted A$21.533 billion. The small decline in November sales follows an unchanged reading for October and an increase of 0.4 percent in September. The Australian Bureau of Statistics said that declines in household goods retailing, clothing/footware, restaurants and department store sales were all lower for the month. The aussie dropped 0.24 percent to 1.0357 against the loonie, down from early multi-week high of 1.0382. The pair closed Tuesday's deals at 1.0367. Against the greenback, the aussie retreated from a 6-day high of 1.0526 and is worth 1.0489. At yesterday's close, the pair traded at 1.0505. The aussie hit a 1-week low of 1.2513 against the NZ counterpart with 1.247 seen as the next support level. On Tuesday, the pair closed trading at 1.2556. Against the European single currency, the aussie reversed from a 2-day high of 1.2442 with pair trading near yesterday's close of 1.2459. In the European session, U.K. trade data and German industrial production for November are due. At 8:15 am ET, Canada housing starts data for December is slated for release. More Forex News - at instaforex.com

Australia Trade Deficit A$2.637 Billion In November Australia saw a seasonally adjusted merchandise trade deficit of A$2.637 billion in November, the Australian Bureau of Statistics said on Tuesday. That missed forecasts for a shortfall of A$2.30 billion following the downwardly revised deficit of A$2.443 billion in October (originally A$2.088 billion). Exports were up 1.0 percent on month to A$24.681 billion, while imports climbed 2.0 percent to A$27.318 billion. More Forex News - at instaforex.com