Forex News from InstaForex

IFX Gertrude · 07-29-2013, 02:04 AM

U.S. Dollar Recovers Slightly Against European Majors

The U.S. dollar recouped from some of its early losses against European major currencies in the Asian session on Monday.

The greenback is now trading at 0.9288 against the franc, 1.3276 against the euro and 1.5378 against the pound, recovering from its early lows of 0.9269, 1.3293 and 1.5403, respectively.

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IFX Gertrude · 07-30-2013, 02:06 AM

Singapore Dollar Off 11-day Low Against U.S. Dollar

The Singapore dollar recovered from its early low against the U.S. dollar in Asian deals on Tuesday.

The Singapore dollar is now trading at 1.2683 against the greenback, off an early 11-day low of 1.2703. The pair closed Monday's trading at 1.2671.

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IFX Gertrude · 07-31-2013, 02:32 AM

Australia's Private Sector Credit Growth Quickens In June

Australia's private sector credit increased at a slightly faster pace in the month of June, a report from the Reserve Bank of Australia showed Wednesday.

Total credit provided by banks to the private sector increased 0.4 percent sequentially in June, after recording a 0.3 percent gain in May.

Credit provided to the housing market moved up 0.4 percent month-on-month, and other personal credit grew by 0.2 percent. There was a 0.5 percent monthly growth in business credit during the month..

On an annual basis, total credit increased 3.1 percent in June, a tad faster than the 3 percent growth seen in the previous month.

The report further noted that Australia's broad money supply increased 0.4 percent on a monthly basis in June, as it did in the previous month. The intermediate, or M3, money supply also logged a 0.4 percent sequential increase during the month.

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IFX Gertrude · 08-01-2013, 01:58 AM

Russia Manufacturing Contracts For First Time Since 2011

Russia's manufacturing activity contracted in July for the first time since August 2011, a survey compiled by Markit Economics showed Thursday.
The HSBC Purchasing Managers' Index fell to 49.2 from June's four-month high of 51.7. A reading below 50 suggests contraction.
It was the first negative reading since August 2011, and the lowest figure since December 2009. Central to the overall deterioration was a flat trend in new orders.
A lack of incoming new work in July led to a drop in production, the first such fall since July 2009. Input prices rose at the fastest rate in seven months. Output price inflation also hit a seven-month high, but remained modest overall.

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IFX Gertrude · 08-02-2013, 02:31 AM

Research: Usd/jpy Review

Quotes from RBC Capital Markets:
-USD/JPY rallied as high as 99.70 overnight to cap a 200pt 24-hour rally. Spot had slipped 30pts at the time of writing.

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IFX Gertrude · 08-08-2013, 02:46 AM

Singapore Dollar Strengthens To 10-day High Against U.S. Dollar

The Singapore dollar firmed against the U.S. dollar in the Asian session on Thursday.
The Singapore dollar climbed to a 10-day high of 1.2629 against the greenback, compared to yesterday's closing quote of 1.2670. The Singapore dollar rises further, it may probably face resistance around the 1.26 level.

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IFX Gertrude · 08-09-2013, 02:05 AM

Yen Little Changed Following Consumer Confidence Index

Japan's consumer confidence index for July has released at 1:00 am ET Friday. The yen changed little against other major currencies after the data.
The yen is now trading at 96.40 against the greenback, 149.87 against the pound, 104.88 against the franc and 129.06 against the euro.

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IFX Gertrude · 08-12-2013, 02:46 AM

Singapore Dollar Off Near 2-month High Against U.S. Dollar

The Singapore dollar that spiked up the U.S. dollar on better-than-expected second quarter GDP data in early Monday Asian deals retreated shortly thereafter.
Singapore's gross domestic product spiked 15.5 percent in the second quarter of 2013 compared to the previous three months, the Ministry of Trade and Industry said in today's revised report.
That was even higher that last month's advanced estimate that called for a 15.2 percent jump. It follows the downwardly revised 1.7 percent increase in the first quarter.
On a yearly basis, GDP was up 3.8 percent - up slightly from 3.7 percent in the estimate, and sharply higher that the 0.2 percent gain in Q1.
The Singapore dollar is now trading at 1.2621 against the greenback, off early high of 1.2559 in nearly 2 months. The pair finished last week's trading at 1.2574.

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IFX Gertrude · 08-13-2013, 01:42 AM

Euro Steady Ahead Of German CPI And WPI Data

German final consumer price inflation and wholesale price index for July are due at 2:00 am ET Tuesday. Ahead of these reports, the euro held steady against other major currencies.
As of 1:55 am ET, the euro was worth 1.3311 against the greenback, 129.54 against the yen, 0.8609 against the pound and 1.2327 against the franc.

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IFX Gertrude · 08-14-2013, 02:01 AM

Malaysian Ringgit Slides To 2-1/2-year Low Against U.S. Dollar

The Malaysian Ringgit lost ground against the U.S. dollar in the Asian deals on Wednesday.
The ringgit touched 3.2725 against the greenback, a level not seen since March 2011. If the ringgit extends slide, it may face support around the 3.30 area. At yesterday's close, the pair finished trading at 3.2585.

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