IFX Matthias

Aud Hit Fresh 4-Yr Peaks on Jpy AUD soars to 92.83 JPY, its highest since Sept 2008. It has gained 2.4 pct since last week and nearly 10 pct in the past two months due to expectations of much more aggressive monetary easing in Japan. More Forex News - at instaforex.com

Australian Dollar Falls To 2-day Low Against U.S., Canadian Dollars The Australian dollar weakened against its U.S. and Canadian rivals in the early Asian session on Friday. The aussie fell to a 2-day lows of 1.0448 against the greenback and 1.0332 against the loonie with 1.04 and 1.03, respectively seen as the next downside target levels. At Thursday's close, the aussie was worth 1.0469 against the greenback and 1.0345 against the loonie. More Forex News - at instaforex.com

S.korea Allocating 45.1 Pct of 2013 Budget to Q1 The allocation for the January-March period is up slightly from 44.1 percent last year and the most since at least 2002. Total funds allocated for the first quarter this year is up by 8 percent to 134.6 trillion won ($126.56 billion) from 124.7 trillion won a year earlier. More Forex News - at instaforex.com

NZ Dollar Strengthens Against Majors The New Zealand dollar outperformed against other major currencies during Asian morning deals on Wednesday. The kiwi approached more than a 4-year high of 72.94 against the yen and more than a 2-week high of 1.2472 against the aussie. Against the greenback and the euro, the kiwi climbed to 2-week highs of 0.8390 and 1.5821, respectively. More Forex News - at instaforex.com

South Korea Industrial Output Spikes 2.3% South Korea's industrial output jumped a seasonally adjusted 2.3 percent on month in November, Statistics Korea said on Friday - rising for the third straight month. The headline figure was slightly above forecasts and followed the 0.6 percent monthly increase in October. On a yearly basis, industrial production jumped 2.9 percent after shedding an annual 0.8 percent in the previous month. The index of all industry production jumped 1.1 percent on month and 1.8 percent on year in November. The Manufacturing Production Index added 2.8 percent on month and 2.9 percent on year. The Producer's Shipment Index in November was up 1.3 percent on month and 1.5 percent on year. The Producer's Inventory Index added 2.4 percent on month and 3.7 percent on year. The Production Capacity Index gained 0.1 percent on month and 1.9 percent on year. The Operation Ratio Index in November was up 2.0 percent on month and down 1.4 percent on year. The Index of Services added 0.8 percent on month and 2.0 percent on year. The Manufacturing Average Operation Ratio was 77.4 percent, up 1.5 percentage points from the previous month. The Retail Sales Index climbed 2.3 percent on month and 3.9 percent on year. The Equipment Investment Index in November fell 0.3 percent on month and 9.3 percent on year. The Domestic Machinery Shipment Index lost 9.2 percent on year, while the value of domestic machinery orders received plummeted 27.5 percent on year. In November, the value of construction completed at constant prices was up 1.9 percent on month but fell 2.2 percent on year. The value of construction orders received at current prices plummeted 17.4 percent on year. The Composite Coincident Index in November added 0.6 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, gained 0.1 points from the previous month. The Composite Leading Index added 0.7 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, added 0.3 points from the previous month. More Forex News - at instaforex.com

Yen Down On Hopes Of More Stimulus By New PM Shinzo Abe In early Asian deals on Thursday, the Japanese yen underperformed against other major major currencies on hopes of aggressive stimulus measures by new Prime Minister Shinzo Abe. Abe took office yesterday following majority victory in the elections held earlier this month. Abe pledged stronger easing measures to beat deflation and help revive the economy. Abe also called the Bank of Japan to adopt an inflation target of 2 percent to boost the economy. The yen declined 0.18 percent to a new 2-year low of 85.79 against the greenback with 87.00 seen as the next support level. The pair closed yesterday's deals at 85.64. Against the pound, the yen declined to 138.44 for the first time since April 2011. This is down 0.17 percent from Wednesday's close of 138.20. If the yen extends decline, it is likely to break 139.00 level. The yen that closed yesterday's deals at 93.79 against the franc slipped to near a 16-month low of 93.99. On the downside, 94.5 is seen as the next target level for the yen. The yen hit near a 17-month low of 113.52 against the euro and the next downside target level for the yen is seen at 114.00. The pair closed yesterday's deals at 113.26. Against the Australian and NZ dollars, the yen slipped to a 10-day low of 88.94 and a 6-day low of 70.43, respectively. The yen may find next support levels at 89.5 against the aussie and 71.00 against the kiwi. At yesterday's close, the aussie-yen and the kiwi-yen pairs were quoted at 88.88 and 70.23, respectively. The yen fell to a 20-month low of 86.39 against the Canadian dollar, compared to yesterday's close of 86.14. The next downside target level for the yen is seen at 87.00. At 12:00 am ET, Japan housing starts data for November is due. In the European session, Swiss UBS consumption indicator and U.K. mortgage approvals for November are slated for release. The U.S. weekly jobless claims for the week ended December 22, consumer confidence index for December and new home sales for November are likely to influence trading in the New York session. More Forex News - at instaforex.com

South Korea Consumer Confidence Unchanged In December Confidence among South Korean consumers remained unchanged in December, a report from Bank of Korea showed Wednesday. The consumer confidence index for December stood at 99, unchanged from November. A reading below 100 signifies pessimists outnumbered optimists. The indicator for consumer sentiment on current living standards was two points lower than in the previous month, at 85, and that concerning their outlook one point lower at 93. Consumer sentiment regarding current domestic economic conditions fell by one point to 66, while that on their future outlook rose by five points to 85. Sentiment concerning the outlook for price movements fell by one point to 134, and that for expected inflation dropped 0.1 percentage point to 3.2 percent. More Forex News - at instaforex.com

UK December Consumer Confidence Declines - GfK A gauge of consumer confidence in the UK showed confidence deteriorated in December. The survey from research group GfK showed its confidence index fell to a reading of minus-29 from the November reading of minus-22. Most economists had expected the index for fall to minus-25. The November reading had represented an 18-month high. More Forex News - at instaforex.com

Australian Dollar Declines Against Canadian And U.S. Dollars During early Asian deals on Thursday, the Australian dollar slipped against the Canadian and U.S. dollars. The aussie slipped to a 9-day low of 1.0467 against the greenback, compared to yesterday's close of 1.0483. Against the loonie, the aussie weakened to 1.0356 with 1.03 seen as the next downside target level. More Forex News - at instaforex.com

NZ Dollar Slides Against Most Majors The New Zealand dollar lost ground against most major opponents in early Asian deals on Wednesday. The kiwi hit a 2-week low of 1.5784 against the euro and a 1-week low of 1.2543 against the aussie, compared to yesterday's close of 1.5727 and 1.2525, respectively. Against the greenback, the kiwi declined to an 8-day low of 0.8384 with 0.835 seen as the next downside target level. More Forex News - at instaforex.com

Yen Declines On Risk Appetite The Japanese yen slipped against other major currencies in early Asian deals on Tuesday as traders reduced holdings of safe-haven assets on signs of progress over fiscal cliff talks. President Barack Obama and House Speaker John Boehner discussed about "fiscal cliff" in their meeting on Monday. Boehner is now open to a tax increase on the country's highest earners, which is a key provision called for by Obama, as he negotiates with lawmakers over a budget fix that would avoid the fiscal cliff set to take effect early next year. The yen is trading at 83.99 against the U.S. dollar and 110.69 against the euro and the next downside target level for the yen is seen at 84.5 and 112.00, respectively. The yen closed Monday's deals at 83.89 against the greenback and 110.44 against the euro. Against the pound, the yen lost 0.16 percent and hit 136.17 with 137.00 seen as the next support level. The pound-yen pair closed yesterday's deals at 135.95. The yen is worth 91.61 against the franc, down 0.17 percent from yesterday's close of 91.45. On the downside, 92.00 is seen as the next target level for the yen. Against the Canadian and Australian dollars, the yen is quoted 85.43 and 88.69, compared to yesterday's closing value of 85.30 and 88.54, respectively. If the yen slides further, it may break 86.00 against the loonie and 89.5 against the aussie. Members of the Reserve Bank of Australia's monetary policy board felt that global economic news over the past month had become more positive, minutes from the central bank's December 4 meeting revealed on today. China's growth had stabilized, the minutes said, while the U.S. economy continued to grow at a moderate pace - although the fiscal cliff remains a concern, as do the challenges presented by Europe. The yen declined to as low as 70.99 against the kiwi and the yen may seek next support level at 72.5. At Monday's close, the pair was worth 70.90. Looking ahead, U.K. CPI and PPI for November, DCLG house price index for October are due in the European session. From the U.S., current account data for the third quarter and NAHB housing market index for December are expected in the New York session. More Forex News - at instaforex.com

UK House Prices Fall 3.3% In December - Rightmove The average asking price for a home in the United Kingdom was down 3.3 percent in December compared to the previous month, property tracking site Rightmove said on Monday, standing at 228,989 pounds. That follows the 2.6 percent contraction in November. On a yearly basis, prices were up 1.4 percent after rising 2.0 percent in the previous month. Rightmove predicts that home prices will rise 2 percent in 2013 - although that is not expected to keep pace with inflation. More Forex News - at instaforex.com

Euro Rises To 1-week High Against NZ Dollar The euro firmed against its New Zealand rival in Asian morning deals on Friday. The euro approached a 1-week high of 1.5539 against the kiwi with 1.56 resistance level. The pair ended Thursday's deals at 1.5515. More Forex News - at instaforex.com

Pound At 1-week Low Against Franc The pound lost ground against the Swiss franc in Asian morning deals on Thursday. The pound slipped to a 1-week low of 1.4945 against the franc, compared to yesterday's close of 1.4963. On the downside, the pound is likely to find next target level at 1.49. More Forex News - at instaforex.com

Japan Tertiary Industry Slows In October An index measuring tertiary industrial activity in Japan was down a seasonally adjusted 0.1 percent on month in October, the Ministry of Economy, Trade and Industry said on Wednesday, standing at 99.2. That beat forecasts for a contraction of 0.4 percent following the 0.3 percent increase in September. Industries that were down in October included wholesale and retail trade, personal services, utilities, accommodations, medical care and real estate. Industries that saw an increase included miscellaneous services, postal activities, scientific research and learning support. More Forex News - at instaforex.com

Australia Business Confidence Weakens In November - NAB Business confidence in Australia deteriorated in November, according to survey results released Tuesday by National Australia Bank. The NAB Business Confidence Index declined to minus-9 from the October reading of minus-1. It was the lowest reading since April 2009. The accompanying Business Conditions Index was unchanged at minus-5. More Forex News - at instaforex.com

Euro Declines To 1-week Low Against Franc In early Asian deals on Monday, the euro fell against the Swiss franc. The euro declined to a 1-week low of 1.2076 versus the franc with 1.20 seen as the next downside target level. At Friday's close, the pair was worth 1.2084. More Forex News - at instaforex.com

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Australia Has A$2.088 Billion Trade Deficit Australia posted a seasonally adjusted merchandise trade deficit of A$2.088 billion in October, the Australian Bureau of Statistics said on Friday - a fall of 47 percent or A$668 million in the deficit from the previous month. The headline figure beat forecasts for a shortfall of A$2.2 billion following the A$1.456 billion deficit in September. Exports were flat on month at A$24.405 billion after dipping 1.0 percent in the previous month. Rural goods jumped A$155 million or 5 percent, while non-monetary gold climbed A$102 million (7 percent). Non-rural goods dipped A$158 million (1 percent) and net exports of goods under merchanting plummeted A$2 million (14 percent). Services credits added A$2 million. Imports climbed 3.0 percent on month or A$768 million to A$26.493 billion after falling 2.0 percent a month earlier. Capital goods spiked A$674 million (13 percent), while consumption goods collected A$152 million (3 percent) and intermediate and other merchandise goods gained A$86 million (1 percent). Non-monetary gold plummeted A$138 million (20 percent), while services debits declined A$6 million. Also on Friday, the AiG Performance of Construction Index came in with a score of 37.0 in November, up from 35.8 in October. Upon the release of the data, the Australian dollar was little changed against major opponents, trading near 1.0482 against the U.S. dollar, 86.44 against the yen, 1.2375 against the euro and 1.2597 against the NZ dollar. More Forex News - at instaforex.com

South Korea Q3 GDP Adds Just 0.1% South Korea's gross domestic product gained a seasonally adjusted 0.1 percent in the third quarter of 2012 compared to the previous three months, the Bank of Korea said in Thursday's revised report - marking the slowest rate of increase in 11 quarters. The headline figure is down from the 0.2 percent growth in the October 26 preliminary reading, and it also slows from the 0.3 percent increase in the second quarter. Real gross national income added 0.5 percent on quarter, while nominal gross national income fell 0.4 percent. On the production side, manufacturing shed 0.4 percent on declines in sub-sectors such as transport equipment, precision instruments and non-metallic minerals, the bank said. Construction climbed 2.8 percent, centering on civil engineering. Services added 0.1 percent, with gains for instance in wholesale and retail trade, restaurants and hotels and financial intermediation and despite declines in education and real estate and renting, the bank said. On the expenditure side, private consumption gained 0.7 percent, as expenditures on durables such as mobile phones and non-durables such as electricity, gas and other fuels increased. Facilities investment dipped 4.8 percent on losses in machinery including semiconductor manufacturing equipment and transport equipment including automobiles. Construction investment added 0.1 percent, as investment in civil engineering expanded. Exports gained 2.8 percent on quarter, as those of petroleum products and of wireless telecommunication devices increased, the bank said. On a yearly basis, GDP was up 1.5 percent versus the preliminary read for a 1.6 percent gain after rising 2.3 percent in the previous three months. On the production side, the manufacturing sector gained 1.1 percent on year, centering on petroleum and chemical products and electrical and electronic equipment. Construction shed 1.8 percent, due to the sluggishness in building construction and civil engineering. Services expanded by 2.4 percent. On the expenditure side, private consumption climbed 1.6 percent on year, led by expenditures on durables such as mobile phones and on non-durables such as electricity, gas and other fuels. Facilities investment dropped 6.5 percent, as investment in semiconductor manufacturing equipment and in automobiles decreased, the bank said. Construction investment fell 0.2 percent, as civil engineering increased slightly but buildings construction was sluggish. Exports jumped 2.9 percent centering on petroleum products, and imports by 1.1 percent owing to increases for example in imports of crude oil and natural gas. Nominal gross national income fell 0.4 percent on quarter, owing to a large decrease in net factor income from abroad and despite the small quarter-on-quarter increase in nominal gross domestic product. Real gross national income expanded 0.5 percent compared to the previous quarter on the back of improvements in the terms of trade. The GDP deflator increased 0.9 percent on year. The gross saving ratio was 30.1 percent in Q3, down 1.1 percentage points on quarter, as final consumption expenditure increased while gross national disposable income declined. The gross domestic investment ratio was 26.0 percent, down 1.7 percentage points on quarter, due mostly to a decline in facilities investment. Upon the release of the data, the Bank of Korea conceded that it was unlikely the country would hit its 2012 forecast growth target of 2.4 percent. The economy is seen expanding 3.2 percent next year. More Forex News - at instaforex.com

Euro Jumps To 7-week High Against Dollar, 6-week High Against Pound The euro extended previous sessions' rally against the currencies of the U.S. and the U.K. in early Asian trading on Wednesday. The common currency touched 1.3118 against the dollar, its strongest level since October 18 and 0.8145 against the pound, its highest since October 24. Trend-line resistances were broken in both the EUR/GBP and the EUR/USD pairs, with 0.8165 and 1.3140, respectively seen as the next likely upside target levels. More Forex News - at instaforex.com

Australia Has A$14.9 Billion Current Account Deficit Australia saw a seasonally adjusted current account deficit of A$14.900 billion in the third quarter of 2012, the Australian Bureau of Statistics said on Tuesday - down 20 percent from the previous three months. The headline figure missed forecasts for a shortfall of A$14.55 billion following the downwardly revised deficit of A$12.369 billion in the second quarter (originally reported as A$11.801 billion). The deficit on the balance of goods and services climbed A$2.531 billion to A$4.645 billion, down 120 percent on quarter. The primary income deficit fell A$34 million to A$10.023 billion, close to flat on quarter. In seasonally adjusted chain volume terms, the surplus on goods and services spiked A$490 million or 51 percent from A$964 million in the June quarter to A$1.454 billion in the September quarter. This is expected to contribute 0.1 percentage points to growth in the September quarter volume measure of GDP. Also on Tuesday, the ABS said that approvals for Australia's private sector house construction decreased in October by a seasonally adjusted 1.5 percent. The seasonally adjusted estimate for total dwelling approvals was down 7.6 percent, following two months of increases. The Bureau's seasonally adjusted estimate for private sector dwellings excluding houses was down 18 percent, compared to increases of 29.4 percent and 21.4 percent in the preceding two months. The seasonally adjusted estimate of the value for overall building approvals was down 6.7 percent. The value for residential housing was down 12.9 percent, while the value for non-residential construction approvals was up 6.7 percent. More Forex News - at instaforex.com

Australian Dollar Edges Down Against NZ Dollar Erasing early gains, the Australian dollar fell against the New Zealand dollar in Asia on Monday. The aussie is now trading at 1.2692 versus the kiwi, down 0.4 percent from a 5-day high of 1.2738 hit in early trading. If the aussie extends slide, it is likely to break 1.26 level. More Forex News - at instaforex.com

UK Consumer Confidence At 18-Month High Confidence among British consumers rose to its highest level in 18 months in November as they turned more upbeat over the prospects of their personal as well as general economic situation, a survey by GfK NOP showed Friday. The headline index rose to -22 in November from -30 in October. This was the highest reading since May 2011 and better than forecasts for no change. The surprise improvement could be influenced by the fact that consumers "now think things can't get any worse," said Nick Moon, managing director of social research at GfK. "The direction things head in the New Year will be crucial in determining whether this is a short-term spike or the start of a long-term improvement in people's spending habits," Moon said. Consumers appeared optimistic about their family finances as well as the general economic conditions. The indicator assessing households' outlook for the general economy rose to -15 in November from -29 in October. The index reflecting the view of family finances over the coming 12 months rose to -7 from -13 over the same period. The indicator assessing consumers' willingness to make major purchase rose -26 in November from -33 a month earlier. A survey by the Confederation of British Industry revealed Thursday that retail sales in the U.K. improved for the third consecutive month in November. The British economy exited recession in the third quarter, with the gross domestic product expanding at the fastest pace in five years. However, the Bank of England forecast the economy to contract again in the third quarter. More Forex News - at instaforex.com

InstaForex Company Work Schedule for Christmas and New Year Holiday Period We would like to draw your attention to InstaForex Company work schedule during Christmas and New Year holidays so that you could plan your trading time according to it. On December 24, 2012 the market will close at 20:00 (UTC + 03). December 25 is a non-working day. On December 26 the market will open at 09:00. The Client Support department will start working from the same time as well. The market will close on December 31, 2012 at 20:00. Client Support will be unavailable as well. January 1, 2013 is a non-working day. The market will open again on January 2 at 09:00. From this time all the departments of the company will start working as usual. In addition, please note that opening orders on exotic currency pairs (Forex Crosses 4 and Forex Crosses 5) will be unavailable from December 24, 2012 to January 4, 2013, but there will be no restrictions to close orders. All the other trading conditions of InstaForex Company remain unchanged.