IFX Kerstin Posted September 28, 2012 Share Posted September 28, 2012 South Korea Has $4.31 Billion Current Account Surplus South Korea posted a seasonally adjusted current account surplus of $4.31 billion in August, the Bank of Korea said on Friday - down from the revised $4.42 billion in July (originally $4.38 billion) nut remaining in the black for the seventh consecutive month. On an unadjusted basis, South Korea saw a four-month low surplus of $2.36 billion, down from the upwardly revised record $6.14 billion in the previous month (originally $6.10 billion). The goods account surplus narrowed to $2.37 billion from $5.34 billion in July, primarily on a decline in exports, the bank said. The services account shifted to a deficit of $0.26 billion from its surplus of $0.59 billion in July due mostly to the increase in payments for the use of intellectual property rights. The primary income account surplus slightly widened from $0.40 billion in July to $0.44 billion, owing mainly to the decrease in dividend payments. The secondary income account saw a deficit of $0.19 billion. The financial account had a net outflow of $0.64 billion, down from $7.88 billion the previous month. Direct investment posted a net outflow of $1.61 billion, larger than $1.44 billion the previous month due to an increase in outward investment, the bank noted. Portfolio investment posted a net inflow of $0.58 billion, smaller than $2.53 billion in July, with the shift to a net outflow of foreign investors' debt securities investment being coupled with the increase as well in residents' foreign bond investments, the bank said - even though inflows of foreign investors' equity securities investment increased. Other investment switched to a net inflow of $1.43 billion from a net outflow of $7.63 billion in July owing mostly to domestic financial institutions' shift to a net withdrawal of loans. Reserve assets increased by $1.12 billion, while the capital account recorded a net inflow of $0.01 billion. Through the first eight months of the year, the current account surplus was $22.25 billion, already beating forecasts for $20 billion for all of 2012. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 1, 2012 Share Posted October 1, 2012 Japanese Yen Rises Against Franc And Pound The Japanese yen advanced against the Swiss franc and the pound in early Asian deals on Monday. The yen gained to 125.59 against the pound from Friday's close of 126.01. The next upside target level for the yen is seen at 125.00. Against the franc, the yen hit a 4-day high of 82.61 and the next resistance level for the yen is seen at 82.00. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 1, 2012 Share Posted October 1, 2012 Japanese Yen Rises Against Franc And Pound The Japanese yen advanced against the Swiss franc and the pound in early Asian deals on Monday. The yen gained to 125.59 against the pound from Friday's close of 126.01. The next upside target level for the yen is seen at 125.00. Against the franc, the yen hit a 4-day high of 82.61 and the next resistance level for the yen is seen at 82.00. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 2, 2012 Share Posted October 2, 2012 Japan September Monetary Base +9.0% On Year The monetary base in Japan jumped 9.0 percent on year in September, the Bank of Japan said on Tuesday, standing at 124.326 trillion yen. That follows the 6.5 percent increase in August. Banknotes in circulation added an annual 2.3 percent, while coins in circulation collected 0.4 percent. Current account balances spiked 27.6 percent on year, including a 30.0 percent surge in reserve balances. The adjusted monetary base soared 45.4 percent on year to 123.991 trillion yen. For the third quarter of 2012, the monetary base jumped 8.0 percent on year. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 3, 2012 Share Posted October 3, 2012 NZ Dollar Declines Against Most Majors During the early Asian session on Wednesday, the New Zealand dollar fell against its most major currencies. The kiwi fell to a 2-day low of 64.45 against the yen, compared to yesterday's close of 64.71. The NZ currency also hit 1-week lows of 0.8236 against the greenback and 1.5679 against the euro. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 4, 2012 Share Posted October 4, 2012 Australia Building Approvals Up 6.4% Building approvals in Australia increased 6.4 percent month-on-month in August, data from the Australian Bureau of Statistics showed Thursday. The number of approvals totaled 12,046 during the month on a seasonally adjusted basis. The number of private sector houses approved, meanwhile, declined 0.5 percent month-on-month to 7,314. Year-on-year, total building consents plunged 15.4 percent on a seasonally adjusted basis, the bureau said. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 5, 2012 Share Posted October 5, 2012 Yen Trades Lower Against Majors The Japanese yen weakened against other major currencies in the early Asian session on Friday. The yen declined to a 3-day low of 80.59 against the aussie, 2-week lows of 127.24 against the pound and 80.13 against the loonie. Against the franc and the euro, the yen hit more than 2-week lows of 84.47 and 102.30, respectively. The Japanese currency fell to 78.58 against the greenback, compared to yesterday's close of 78.49. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 8, 2012 Share Posted October 8, 2012 U.S. Dollar Advances Against Franc And Euro he U.S. dollar edged up against the Swiss franc and the euro in the Asian session on Monday. The greenback ticked up to 0.9324 against the franc and the greenback may test upside target level at 0.935. At 10:20 pm ET, the greenback gained to 1.3003 per euro with 1.295 seen as the next upside target level. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 8, 2012 Share Posted October 8, 2012 U.S. Dollar Advances Against Franc And Euro The U.S. dollar edged up against the Swiss franc and the euro in the Asian session on Monday. The greenback ticked up to 0.9324 against the franc and the greenback may test upside target level at 0.935. At 10:20 pm ET, the greenback gained to 1.3003 per euro with 1.295 seen as the next upside target level. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Kerstin Posted October 9, 2012 Share Posted October 9, 2012 Japan Has Y454.7 Billion Current Account Surplus Japan posted a current account surplus of 454.7 billion yen in August, the Ministry of Finance said on Tuesday, up 4.2 percent on year. The headline figure beat forecasts for a surplus of 421.1 billion yen (down 3.7 percent) but declined from the surplus of 625.4 billion (-40.6 percent) yen in July. The trade balance reflected a deficit of 644.5 billion yen, down 6.6 percent on year. That missed forecasts for a shortfall of 628.6 billion yen after showing a 373.6 billion yen deficit in the previous month. Exports were down 5.3 percent on year to 4.844 trillion yen in August. That follows the 7.4 percent fall in July, which came in at 5.118 trillion yen. Imports dipped 5.4 percent on year to 5.488 trillion yen in the previous month, after posting an annual increase of 1.9 percent in July to 5.491 trillion yen. Goods and services saw a deficit of 867.0 billion yen in August after showing a shortfall of 719.7 billion yen a month earlier. The financial account saw a deficit of 1.090 trillion yen, while the capital account posted a shortfall of 56.7 billion yen. The adjusted current account showed a surplus of 722.3 billion yen, beating forecasts for a surplus of 520.0 billion yen after coming in at 335.4 billion yen a month earlier. Upon the release of the data, the Japanese yen showed little changes against major rivals, trading near 101.58 against the euro, 78.32 versus the U.S. dollar, 125.53 against the British pound and 83.95 versus the Swiss franc. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 10, 2012 Share Posted October 10, 2012 Australian Dollar Jumps To 8-day High Against NZ Dollar The Australian dollar advanced to an 8-day high of 1.2521 against the New Zealand dollar on Wednesday morning in Asia, up 0.35 percent from Tuesday's North American session closing value of 1.2482. The aussie staged a rebound from its key support zone of 1.2370/1.24 versus the NZ dollar last week and is heading towards revisiting the 1.2550 resistance level in the near-term. However, any bearish triggers could help the pair erase its recent recovery and hence the eventuality of re-testing the major demand zone of 1.2320/50 likely. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 11, 2012 Share Posted October 11, 2012 U.S. Dollar Rises Against European Majors The U.S. dollar advanced against its European major counterparts during Asian morning deals on Thursday. The buck that closed yesterday's deals at 0.9395 against the franc and 1.6008 against the pound rose to as high as 0.9421 and 1.5987, respectively. Against the European single currency, the greenback hit a 10-day high of 1.2827 and the dollar is likely to find next upside target level at 1.27. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 12, 2012 Share Posted October 12, 2012 Dollar At 4-day Low Against Pound The U.S. dollar slipped against the pound during the early Asian session on Friday. The greenback that closed yesterday's deals at 1.6047 against the British unit slipped to 1.6057, its lowest level since October 8. On the downside, the greenback is likely to target 1.61 level. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 15, 2012 Share Posted October 15, 2012 Euro Edges Down Against Australian Dollar The euro that pared early Asian session's gains against the Australian dollar declined further ahead of the European session on Monday. The euro slipped to 1.2621 against the aussie and the next downside target level for the euro-aussie pair is seen at 1.26. The pair ended Friday's deals at 1.2660. More Forex News - at instaforex.com Quote Link to comment Share on other sites More sharing options...
ATSATS Posted October 15, 2012 Share Posted October 15, 2012 the talks held by the eurozone finance ministers failed to reach a consensus regarding second bailout for Greece. the euro fell to a 2-week low of against the Lonnie and the Aussie. consumer sentiment in Australia declined in may, according to index readings reported today by westpac bank. Meanwhile, a report from the Australian bureau of statistics said that the total number of housing stars in Australia was up a seasonal adjusted 3.1 percent in the in the first quarter. that was well above analysis expectation for a decline of 0.8 percent.the euro decline against the major counterparts in t5he early Asian sessions on Wednesday on worries over euro zone dept crisis. Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 16, 2012 Share Posted October 16, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 17, 2012 Share Posted October 17, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 23, 2012 Share Posted October 23, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 24, 2012 Share Posted October 24, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 29, 2012 Share Posted October 29, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 30, 2012 Share Posted October 30, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted October 31, 2012 Share Posted October 31, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 5, 2012 Share Posted November 5, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 6, 2012 Share Posted November 6, 2012 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 Quote Link to comment Share on other sites More sharing options...
IFX Matthias Posted November 7, 2012 Share Posted November 7, 2012 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 Quote Link to comment Share on other sites More sharing options...
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