IFX Matthias

Australia Private Capital Expenditure +2.8% On Quarter In Q3 Private capital expenditure was up a seasonally adjusted 2.8 percent in the third quarter of 2012 compared to the previous three months, the Australian Bureau of Statistics said on Thursday, coming in at A$42.475 billion. That beat forecasts for an increase of 2.0 percent following the 3.4 percent gain in the second quarter. On a yearly basis, capex was up 14.2 percent. Capex for building and structures came in at A$26.718 billion, up 1.0 percent on quarter and 20.1 percent on year. Spending for equipment, plants and machinery was at A$15.756 billion, rising 6.2 percent on quarter and 5.3 percent on year. More Forex News - at instaforex.com

Yen Rises To Multi-day Highs Against Most Majors The Japanese yen gained ground across the board in early Asian trading on Wednesday. The yen advanced to 5-day highs of 87.99 against the Swiss franc and 105.92 against the euro, up from Tuesday's North American session closing values of 88.33 and 106.35, respectively. On the upside, the yen may find target levels at 87.75 against the franc and 105.75 against the euro. The yen strengthened against the commodity-linked currencies on Wednesday morning, rising to 5-day highs of 85.52 against the Australian dollar, 82.38 against the Canadian dollar and 67.22 against the NZ dollar. If the yen extends rally, likely resistance levels are seen at 85.35 against the aussie, 82.20 against the loonie and 67.10 against the kiwi. The yen also rose to a 2-day high of 131.17 against the pound and a session's high of 81.90 against the US dollar on Wednesday morning in Asia. If the yen strengthens further, it may find target levels at 130.87 against the pound and 81.65 against the dollar. More Forex News - at instaforex.com

Aussie Strengthens As Eurozone Finance Ministers Agree Greece Bailout Deal The Australian dollar firmed against most major currencies in early Asian deals on Tuesday as sentiment improved after Eurozone finance ministers reached agreement on a new bailout program for debt-ridden Greece. The EU and IMF said Greece's sovereign long-term debt would be reduced by 40 billion euros or 124 percent of gross domestic product by the year 2020. The reduction would take place through a series of steps, and is expected to clear the way for Greece to receive up to 44 billion euros in bailout funding to keep struggling banks solvent and pay government workers. The aussie climbed to 1.0492 against the greenback, its strongest level since September 21. The aussie thus added 0.2 percent from Monday's close of 1.0467 against the greenback. The next resistance level for the aussie-greenback pair is seen at 1.05. Against the loonie, the aussie touched near a 2-week high of 1.0416, up 0.1 percent from yesterday's New York session close of 1.0401. If the aussie rises further, it may seek 1.045 level. Bouncing back from an early low of 85.69 against the yen, the aussie edged up to 86.14. On the upside, the aussie is likely to break 86.5 level. The aussie-yen pair closed Monday's trading at 85.92. The aussie strengthened to a 4-day high of 1.2389 against the euro, reversing from an early low of 1.2425.The aussie may find next upside target level at 1.235. At Monday's close, the pair traded at 1.2400. Swiss UBS consumption indicator and German import price index for October, U.K. preliminary third quarter GDP data are due in the European session. From the U.S., durable goods orders for October, S&P/Case-Shiller home price index for September, consumer confidence index for November and house price index for September are due in the New York morning session. More Forex News - at instaforex.com

Japan Has Y549.0 Billion Trade Deficit Japan posted a merchandise trade deficit of 549.0 billion yen in October, the Ministry of Finance said on Wednesday, reflecting the results of slowing exports to China in a territorial island dispute. Sinking into the red for the 11th time in the last 13 months, the headline figure was well shy of forecasts for a shortfall of 360.0 billion yen following the downwardly revised deficit of 561.7 billion yen in September (originally 558.55 billion yen). Exports were down 6.5 percent on year to 5.149 trillion yen - also missing expectations for a contraction of 4.9 percent after plummeting 10.3 percent in the previous month. It also marked the fifth straight month of contraction. Exports to China were the key drag, plummeting 11.6 percent on year to 947.766 billion yen due to escalating tensions over ownership of disputed islands in the East China Sea. Exports to all of Asia contracted 4.9 percent on year to 2.840 trillion yen. Exports to the United States added 3.1 percent on year to 921.094 billion yen, while exports to the debt-ridden European Union plummeted an annual 20.1 percent to 508.767 billion yen. Imports fell an annual 1.6 percent to 5.698 trillion yen versus forecasts for a decline of 3.2 percent after rising 4.1 percent a month earlier. Imports from Asia added 2.0 percent on year to 2.684 trillion yen, while imports from China alone gained an annual 3.6 percent to 1.354 trillion yen. Imports from the United States gained 0.1 percent on year to 504.661 billion yen, while imports from the European Union climbed 7.3 percent to 576.409 billion yen. The adjusted trade deficit came in at 624.3 billion yen, missing forecasts for a shortfall of 492.1 billion yen following the upwardly revised 959.1 billion yen deficit in September (originally 980.8 billion yen). More Forex News - at instaforex.com

Australian Dollar Off 6-day High Against Euro The Australian dollar retraced its early gains versus the euro in Asian morning deals on Tuesday. The aussie is now trading at 1.2291 against the euro, compared to an early 6-day high of 1.2263. The pair closed Monday's deals at 1.2310. More Forex News - at instaforex.com

Australian Dollar Climbs To 4-day High Against Euro During the early Asian session on Monday, the Australian dollar advanced against the European currency. The aussie approached a 4-day high of 1.2303 against the euro, compared to last week's close of 1.2315. The next upside target level for the aussie is seen at 1.24. More Forex News - at instaforex.com

Malaysian Ringgit Declines To 3-day Low Against U.S. Dollar The Malaysian Ringgit fell against the U.S. currency in Asian morning deals on Friday. The ringgit declined to a 3-day low of 3.0680 against the greenback with 3.07 seen as the next immediate support level. Markets in Malaysia were closed for the Muslim New Year on Thursday. More Forex News - at instaforex.com

Greenback Off Fresh 3-month High Against Canadian Dollar The US dollar that advanced more than 3-month high of 1.0044 against its Canadian counterpart in early Asian deals Thursday pared some of its gains shortly thereafter. The greenback slipped to 1.0025 against the Canadian dollar, down almost 20-pips or 0.20 percent from its recent peak and also weaker-than yesterday's close of 1.0040. USD/CAD pair is now hanging in the 50.0 percent retracement target between a high in June and a low in September with 1.0075 seen as the next probable resistance level and targeting parity on the downside. More Forex News - at instaforex.com

Greenback Off Fresh 3-month High Against Canadian Dollar The US dollar that advanced more than 3-month high of 1.0044 against its Canadian counterpart in early Asian deals Thursday pared some of its gains shortly thereafter. The greenback slipped to 1.0025 against the Canadian dollar, down almost 20-pips or 0.20 percent from its recent peak and also weaker-than yesterday's close of 1.0040. USD/CAD pair is now hanging in the 50.0 percent retracement target between a high in June and a low in September with 1.0075 seen as the next probable resistance level and targeting parity on the downside. More Forex News - at instaforex.com

Fxw Analysis: Gbp/usd Daily Outlook We are still expecting the momentum of GBP/USD to be downward. June high 1.5784 should be the first strong support, and then Jul.19 high 1.5740. Our first resistance level stays at Aug. high and Oct. low 1.5912. Breaking this level would bring GBP/USD to another rally, and the next resistance is Oct.6 low 1.5955. Above 1.5955 there is Oct. 29 low 1.6005. S1: 1.5784 Jun. high S2:1.5740 Jul. 19 high S3:1.5492 Aug.2 low R1:1.5912 Aug. high and Oct. low R2: 1.5955 Oct.6 low R3:1.6005 Oct. 29 low More Forex News - at instaforex.com

New Zealand Food Prices Fall 0.6% In October Food prices in New Zealand were down 0.6 percent on month in October, Statistics New Zealand said on Tuesday, after dipping 0.9 percent in September. This reflects seasonally lower prices for vegetables, the bureau said, partly countered by higher grocery food prices. On a yearly basis, food prices were up 0.3 percent following the 0.3 percent contraction in the previous month. More Forex News - at instaforex.com

China Inflation Slows To 1.7% In October The consumer price index in China came in at 1.7 percent in October, the National Bureau of Statistics said on Friday. That was below forecasts for 1.9 percent, which would have been unchanged from the September reading. The bureau also said that producer prices contracted 2.8 percent on year versus forecasts for a decline of 2.7 percent following the 3.6 percent fall in the previous month. More Forex News - at instaforex.com

Japan Core Machine Orders Contract 4.3% Core machine orders in Japan fell a seasonally adjusted 4.3 percent on month in September to 686.2 billion yen, the Cabinet Office said on Thursday - falling for the second straight month. The headline figure missed forecasts for a decline of 2.1 percent following the 3.3 percent contraction in August and the 4.6 percent increase in July. On a yearly basis, core machine orders shed 7.8 percent - also missing expectations for a 4.9 percent decline following the 6.1 percent fall in the previous month and the 1.7 percent increase in July. The total number of machinery orders, including those volatile ones for ships and from electric power companies, saw a gain of 9.6 percent on month and a fall of 7.8 percent on year in September to 1,810.6 billion yen. Manufacturing orders added 2.8 percent on month and lost 12.7 percent on year to 286.8 billion yen in September, while non-manufacturing orders gained 1.3 percent on month but lost 4.7 percent on year to 435.7 billion yen. Government orders surged 22.4 percent on month and 29.3 percent on year to 263.8 billion yen. Orders from overseas were flat on month and down 18.4 percent on year to 626.4 billion yen. Orders from agencies collected 4.0 percent on month but lost 3.6 percent on year to 84.7 billion yen. For the third quarter of 2012, core machine orders were down 1.1 percent on quarter and 4.6 percent on year to 2,145.6 billion yen. The forecast for the fourth quarter of 2012 suggests a gain of 5.0 percent on quarter and 7.6 percent on year. Also on Thursday: .Japan posted a current account surplus of 503.6 billion yen in September, the Ministry of Finance said, below forecasts for a surplus of 761.3 billion yen but up from 454.7 billion yen in August. The headline figure was down 68.7 percent on year, also missing forecasts for a decline of 52.7 percent following the 4.2 percent increase in the previous month. The trade deficit came in at 471.3 billion yen, up from the 644.5 billion yen shortfall a month earlier. Exports were down 10.5 percent on year to 5.104 trillion yen, while imports added an annual 4.5 percent to 5.575 trillion yen. .Overall bank lending in Japan was up 1.1 percent on year in October, the Bank of Japan said, standing at 398.768 trillion yen. That was in line with forecasts and down from the 1.2 percent increase in September. Including trusts, bank lending added an annual 0.9 percent to 460.677 trillion yen, unchanged from the previous month. Loans from foreign banks dropped 14.4 percent on year to 2.124 trillion yen following the 15.7 percent contraction. More Forex News - at instaforex.com

Euro Trades Below 1.27 Against Canadian Dollar Extending its 6-day losing streak, the euro reached below 1.27 against the Canadian dollar in early Asian deals Wednesday for the first time since October 15. The EUR/CAD pair is now hanging in a key support zone and the next probable support level is seen at 1.2650. Any probable risk-supportive factors could help the currency cross stabilize above the 1.2750 area. More Forex News - at instaforex.com

Yen Edges Up Against Some Majors The Japanese yen gained against the currencies of Switzerland, Canada and Europe in early Asian deals on Tuesday. The yen rose to 84.95 against the franc, 102.55 against the euro and 80.47 against the loonie with 84.5, 102.00 and 80.00 seen as the next upside target levels, respectively. At yesterday's close, the yen traded at 85.13 against the franc, 102.76 against the euro and 80.60 against the loonie. More Forex News - at instaforex.com

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Australia Has A$1.456 Billion Trade Deficit Australia posted a seasonally adjusted merchandise trade deficit of A$1.456 billion in September, the Australian Bureau of Statistics said on Monday - a fall of 22.0 percent or A$420 million in the deficit from the previous month. The headline figure beat forecasts for a shortfall of A$1.550 billion following the upwardly revised deficit of A$1.876 billion in August. Exports were down 1.0 percent on month or A$158 million to A$24.166 billion. Non-rural goods fell A$331 million (2 percent), while rural goods shed A$74 million (3 percent) and net exports of goods under merchanting lost A$2 million (13 percent). Non-monetary gold rose A$253 million (20 percent). Services credits dipped A$3 million. Imports dropped 2.0 percent on month or A$577 million to A$25.623 billion. Capital goods fell A$460 million (8 percent), while consumption goods were down A$323 million (6 percent) and intermediate and other merchandise goods shed A$104 million (1 percent). Non-monetary gold surged A$281 million (70 percent). Services debits climbed A$28 million (1 percent). Also on Monday: Retail sales in Australia were up a seasonally adjusted 0.5 percent on month in September, the Australian Bureau of Statistics said, worth A$21.591 billion. That beat estimates for an increase of 0.4 percent following the upwardly revised 0.3 percent increase in August and the 0.8 percent contraction in July. By category, food retailing was up 0.6 percent, along with household goods retailing (1.2 percent), other retailing (0.8 percent) and cafes, restaurants and takeaway food services (0.5 percent). These rises were partially offset by falls in clothing, footwear and personal accessory retailing (-0.6 percent) and department stores (-0.5 percent). By region, sales were up 0.5 percent in New South Wales, along with Western Australia (1.2 percent), Queensland (0.5 percent), Victoria (0.3 percent), South Australia (0.8 percent), the Australian Capital Territory (0.7 percent), Tasmania (0.2 percent) and the Northern Territory (0.2 percent). For the third quarter of 2012, retail sales were down a seasonally adjusted 0.1 percent compared to the previous three months to A$63.797 billion - also beating forecasts for a contraction of 0.2 percent following the downwardly revised decline of 1.2 percent. The inflation estimate for October suggested an increase of 0.1 percent on month, TD Securities said, after forecasting a 0.2 percent monthly increase in September. On year, it was unchanged at 2.4 percent. Job advertisements in Australia were down 4.6 percent on month in October, ANZ Bank said, after dipping a downwardly revised 3.9 percent in September. The AiG Performance of Service Index came in with a score of 42.8 in October, up from 41.9 in September. More Forex News - at instaforex.com

South Korea September Industrial Output +0.8% South Korea's industrial output added a seasonally adjusted 0.8 percent on month in September, Statistics Korea said on Wednesday - rising for the first time in four months. The headline figure was in line with forecasts after falling 0.7 percent in August. On a yearly basis, industrial production added 0.7 percent after rising 0.3 percent in the previous month, also matching expectations. The Manufacturing Production Index added 0.1 percent on month and 0.7 percent on year. The index of all industry production was up 0.8 percent on month and 1.2 percent on year. The Producer's Shipment Index in September was up 3.6 percent on month and 0.9 percent on year. The Producer's Inventory Index shed 2.8 percent on month but climbed 5.9 percent on year. The Production Capacity Index was flat on month and up 2.8 percent on year. The Operation Ratio Index in September was up 2.1 percent on month and down 4.0 percent on year. The Index of Services added 0.7 percent on month and 2.5 percent on year. The Manufacturing Average Operation Ratio was 75.2 percent, up 1.5 percentage points from the previous month. The Retail Sales Index climbed 1.5 percent on month and 2.5 percent on year. The Equipment Investment Index in September collected 6.2 percent on month but lost 8.2 percent on year. The Domestic Machinery Shipment Index lost 9.1 percent on year, while the value of domestic machinery orders received dipped 7.6 percent on year. In September, the value of construction completed at constant prices was up 3.9 percent on month but fell 6.6 percent on year. The value of construction orders received at current prices plummeted 14.8 percent on year. The Composite Coincident Index in September added 0.3 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, was flat on month. The Composite Leading Index eased 0.1 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, decreased by 0.7 points from the previous month. More Forex News - at instaforex.com

Pound Drops To 5-day Low Against Euro And Swiss Franc Extending yesterday's downtrend, the pound reached 5-day lows of 1.5001 against the Swiss franc and 0.8059 against the euro in early Asian deals Tuesday. This was down 0.09 percent and 0.13 percent each from Monday's New York session closing values of 0.8051 against the euro and 1.5021 versus the Swiss franc. The GBP/CHF pair is staying in a descending channel in higher-time frames with 1.4950 and 1.4840 seen as its next key levels to watch on the downside. The pound is also poised to extend its decline against the euro as the cross is in an ascending channel in its higher-time frames with key supply levels are expected to be broken at 0.81, 0.8150 and 0.8170. More Forex News - at instaforex.com

UK House Prices Ease 0.1% In October An index measuring the average asking price for a house in the United Kingdom eased 0.1 percent on month in October, property tracking website Hometrack said on Monday. That was in line with expectations and unchanged from the rate of decline in September. On a yearly basis, house prices dipped 0.4 percent - also as expected after falling 0.5 percent in the previous month. The number of sales agreed saw an increase of 9.2 percent on month. More Forex News - at instaforex.com

Analysis: Aud/usd Daily Outlook AUD/USD hasn't done much since our prior update, and downside may face strong support at 3 months low 1.0147. The next key support level is 1.0000. On the other side, the first resistance stays at 1.0327 which is 38.2% retracement from 1.0622 to 1.0147. If it breaks this resistance level, AUD/USD may turn bullish and the next resistance is Oct. high 1.0410. Breaking this level would lead to another resistance from 7 months high 1.0622 S1: 1.0147 3 months low S2: 1.0000 S3: 0.9577 Yearly low R1: 1.0327 38.2% retracement from 1.0622 to 1.0147 R2: 1.0410 Oct high R3: 1.0622 7 months high More Forex News - at instaforex.com

Analysis: Usd/cad Daily Outlook USD/CAD retraced back from resistance level 0.9951 which is 38.2% retracement from 1.0439 to 0.9634. If it successfully breaks this resistance level and holds above it, USD/CAD may gather another rally toward 1.0000. Breaking this level would lead to another resistance from 1.0129 which is 61.8% retracement from 1.0439 to 0.9634. Below our current price it's the support level Oct. high 0.9884. Breaking this level would bring USD/CAD to another decline toward Oct. low 0.9729. The next support is this year's lowest price 0.9634. S1: 0.9884 Oct. high S2: 0.9729 Oct. low S3: 0.9634 2012 low R1: 1.0000 R2: 1.0129 61.8% retracement from 1.0439 to 0.9634 More Forex News - at instaforex.com

One Million in Two Weeks with InstaForex! InstaForex always provides you with the latest updates on international market events as well as company's news. Today we would like to tell you about an exceptional situation. Despite its originality, it demonstrates the unique opportunities you can get on exchange market. Recently, one of our clients Akhmad Arief made the daydream of millions of traders real. After two weeks of active trading, he managed to increase his start-up capital up to $1,000,000! This story began when Akhmad opened his $1,000 trading account with InstaForex in the beginning of July. During two weeks he was trading such currency pairs as GBP/USD and EUR/USD. Nobody expected that he could become a millionaire by the middle of the month using risk strategy![/indent] "We have never seen such trading before and will hardly see soon. Even in conversion to the working days the yield was 100% per day during 10 days in a row. The profit volume is astonishing as well as the length of such win-win and risk strategy as the client used all the money on his account for the next deal. But every time lady luck was on his side," - Aleksey Badjyanov says, representative of the Dealing Department. The chart shows the balance of #2065757 live trading account. Within the first two weeks of July, the account holder earned over one million US dollars with the initial deposit slightly more than one thousand US dollars. Eventually, the account balance was running $1162092.42. The second half of July appeared to be far less successful for the customer: he lost all his profit. Having earned $1,000,000, Akhmad decided not to stop. However, Forex market is known to be very unsteady due to frequent oscillations and change of trend directions. Successful deals were followed by deals opened against the trend direction which led to profit loss. Of course, foregone million disappointed the trader. However, Akhmad is not in despair and is already planning to win again. For him, as for many other traders, this situation was indicative of endless possibilities on exchange market which proved that one can make up a fortune out of modest capital! Nevertheless, it is important to benefit from the achieved results and also not to be affected by the astounding success. Interview with Mr. Ahmad Ariff InstaForex: How long have you been working on Forex? Ahmad Ariff: About 5 years, starting from 2007 until now. Before, I used another platform with another trading system (different from MT4) that limited me to less money I could earn. Then my friend recommended me InstaForex that used MT4, so I can trade higher trading volumes. InstaForex: It’s a dream of every trader. How did you manage to make fortune from such a small initial deposit? Ahmad Ariff: Depends on the graf (high-recommended to sell, low-recommended to buy), besides, I used Forex trading signal, RSI, PPO, stochastic, technical analysis, and future fundamental analysis. InstaForex: What currency pairs have you traded? Ahmad Ariff: My favorites are EURUSD, GBPUSD, and AUDUSD. InstaForex: Why have you chosen them in particular? Ahmad Ariff: For me, fundamental points of these currencies are easier to read and forecast. InstaForex: What leverage have you chosen for trade? Ahmad Ariff: I start with 1:200. And I will change this parameter if I need in the Client Cabinet. This is a very attractive feature of InstaForex. InstaForex: Did you plan to earn such a huge amount when started trading? Ahmad Ariff: Of course, yes. InstaForex: You made a dream of million traders come true, what do you feel after losing it? Ahmad Ariff: Really really frustrated... I was not in front of my PC when it happened. I was engaged in outside work during that time... so I couldn't close my open position. InstaForex: Do you plan to repeat it and get a million back? Ahmad Ariff: Yes! InstaForex: If you succeed to make a million again, what will you spend it for? Ahmad Ariff: Clear all my loan, buy a new house, new car, do other investment and some charity's work. InstaForex: What in your opinion helps traders earn on Forex: their skills or good luck? Ahmad Ariff: Skills are very important, as a trader, a lot of new traders, should learn some basics, such as indicators, patterns, technical analysis, and fundamental analysis, but good of luck not all traders get it. InstaForex: Do you think your profit was a result of your hard work or just an accident? Ahmad Ariff: I've 5 years experience as a trader. It is hard to become rich with small initial deposit, but if you've a lot of money, let's say USD100,000 and more, you can rapidly earn money in short term... believe it! InstaForex: What will you advise the beginning traders? Ahmad Ariff: For new trader, please learn some basics, follow your leader, ask them why, why and why and most important is gain experience in trading. Competent active trading and compliance with you trading strategy make it possible for every http://instaforex.com/]InstaForex trader to reach the most cherished objective and add a new name to the list of the most successful traders. Good luck in trading with InstaForex! The material is prepared by InstaForex PR Department with the consent of the owner of the trading account № 2065757 Akhmad Arief. In October, in the terms of ShowFx Asia in Singapore there will be a video interview with the trader which will be published on GC InstaForex resources.

Malaysian Ringgit Jumps To 12-day High Against US Dollar Extending its 6-day winning streak, the Malaysian ringgit touched a 12-day high of 3.0420 against the US dollar on Wednesday morning in Asia, up 0.30 percent from Tuesday's North American session closing value of 3.0516. The ringgit is poised to extend gains against the dollar and is moving closer to a key demand zone of 3.0335/80 level. If the domestic unit extends gains above this demand zone, it could be its strongest level since April this year. More Forex News - at instaforex.com

Yen Falls Against U.S. Dollar The Japanese yen edged down against the American currency in early Asian deals on Tuesday. At about 9:20 pm ET, the yen slipped to 78.87 per dollar with 79.00 seen as the next downside target level. On Monday, the pair ended deals at 78.65. More Forex News - at instaforex.com