Page 26 of 154 FirstFirst ... 1624252627283676126 ... LastLast
Results 251 to 260 of 1533
 1 Attachment(s)    

Thread: Forex news from InstaForex

  1. #251

    Default

    Aussie Mixed Ahead Of RBA Minutes



    The Reserve Bank of Australia will release the minutes of its August 7 meeting in early Tuesday Asian deals at 9:30 pm ET. Ahead of the release, the aussie moved sideways against the yen but recovered from early lows against the rest of major counterparts.

    At 9:25 pm ET, the aussie was worth 1.0457 against the U.S. dollar, 1.1814 against the euro, 1.2919 against the kiwi and 83.01 against the yen.

    More Forex News - at instaforex.com

  2. #252

    Default

    Greek PM Seeks More Time For Reforms



    Greece needs more time to implement the reforms and spending cuts requisitioned by the country's international creditors, Prime Minister Antonis Samaras told German daily Bild, ahead of his crucial meeting with Eurozone leaders.

    The troika consisting of the International Monetary Fund, the European Union and the European Central Bank will return to Athens in September to assess if Greece has fulfilled the bailout requirements for receiving the next installment of 31.5 billion euros.
    Greece has committed to save 11.5 billion euros in public spending cuts in two years from 2013 under the bailout deal.

    Samaras told the daily that Greece needs room to breathe, to keep the economy afloat and to boost government's revenue. More time does not automatically mean more money, he added.
    "Let me be very clear. We are not asking for additional money," Samaras said, adding that the government is looking to stimulate growth and reduce the financial gap. "We will stand by our commitments and fulfill all the requirements" of the bailout program, he said.
    Samaras said the consequences of returning to drachma would be disastrous for his country. It would extend the recession by another five years and push up unemployment above 40 percent. Shunning the euro could stir social unrest and democracy will face unprecedented crisis, he warned.
    He admitted that a lot has gone wrong in Greece and outside Greece. "Now we are getting down to all the necessary reforms."

    Greece is making progress in privatizations and structural reforms. Tax revenues are increasing and the economy is improving, he added.
    Samaras vowed that Greece would soon have a smaller, healthier and more efficient public sector. For every ten public sector employees going into retirement, the government will only hire one new staff, he said.
    Samaras will meet Eurogroup chief Jean-Claude Juncker on Wednesday and is expected to seek a two-year extension for the country's fiscal adjustment program. He will also visit French President Francois Hollande and German Chancellor Angela Merkel later this week.

    Recently, one of the lawmakers in the Merkel government reportedly indicated that Greece may get some concessions on the bailout terms if it adheres to its reform pledges.
    However, the German leadership has repeatedly insisted that any kind of leniency towards Greece both in terms of money and time is not possible.

    More Forex News - at instaforex.com

  3. #253

    Default

    New Zealand Dollar Advances Against Majors



    The New Zealand dollar climbed against its major counterparts in the early Asian session on Thursday.
    The kiwi climbed to a 2-day high of 1.5338 against the euro, more than 2-week high of 0.8180 against the greenback and a fresh 5-week high of 1.2864 against the aussie.
    Against the yen, the kiwi edged up to as high as 64.26 from yesterday's close of 63.99.

    More Forex News - at instaforex.com

  4. #254

    Default

    US Dollar Drifts Up On Safe-haven Buying


    The initial direction for the U.S. dollar is rather bullish in early Asian deals Friday as a fall in equity markets in the region following a negative closing in Wall Street overnight enhanced the safe-haven appeal of the currency.

    The dollar typically strengthens in times of stock market slide as investors consider it as safe-haven.
    Disappointing employment data from the United States and lingering worries about Europe weighed down the positive sentiment in the market.

    Initial jobless claims unexpectedly increased in the week ended August 18, rising to 372,000 from the previous week's revised figure of 368,000. Economists had expected jobless claims to slip to 365,000 from the 366,000 originally reported for the previous week.

    Also, Federal Reserve Bank of St. Louis President James Bullard said that Federal Reserve policy makers may hold off on further economic stimulus measures because of continued modest economic growth in the U.S.

    Worries about the financial situation in Europe sent the euro paring some of its recent gains, with traders keeping a close eye on a meeting between German Chancellor Angela Merkel and French President Francois Hollande. Both Merkel and Hollande urged Greece to stick to crucial reforms in order to remain a part of the eurozone.

    With the latest FOMC minutes turning more dovish than expected and the U.S. employment picture in the recent past showing bleak, the Fed Chairman Bernanke's speech at the Jackson Hole Symposium in the month-end is seen crucial as the market is staunch in its longing for further quantitative easing.

    The dollar was trading 1.5855 against the pound and 78.62 against the yen after a few hours from its Asian session opening, up a few pips from Thursday's North American session closing values of 1.5863 and 78.50. No clear near-term direction is visible for the dollar against both of these currencies.

    Bank of Japan said in a report that the corporate service prices index was down 0.2 percent on year in July, standing at 96.0 following the downwardly revised 0.4 percent contraction in June. On a monthly basis, prices were up 0.1 percent after easing 0.2 percent in June.

    The greenback also rose as high as 0.9569 against the Swiss franc and 1.2554 against the euro in mid-morning Asian deals, up slightly from its overnight offshore closing quotes of 0.9561 and 1.2565, respectively. The dollar showed weakness in the past few sessions as elevated stimulus hopes in both the U.S. and China lifted high-yielding currencies.

    Looking ahead, the U.K. GDP, exports & imports and government spending data-all for the second quarter are due out in the European session. Market will closely watch the developments in Europe, with the Spanish cabinet meets today and the Greek Prime Minister Antonis Samaras arrives in Berlin for talks with the German Chancellor Angela Merkel.

    The U.S. durable goods orders for July is the lone economic data to watch in the New York session.

    More Forex News - at instaforex.com

  5. #255

    Default

    Australian Dollar Showing Choppy Trend Against Majors



    The Australian dollar moved in choppy trend against its major rivals in early Asian deals Wednesday as traders likely remaining reluctant to make any significant moves ahead of remarks by Federal Reserve Chairman Ben Bernanke at the Kansas City Federal Reserve's Jackson Hole symposium on Friday.

    The Australian dollar that fell to an 8-week low of 1.2130 against the euro at the beginning of the session snapped back above yesterday's closing quote of 1.2113 in mid-morning deals. The trend for the aussie was choppy since then, trading between 1.2125 and 1.2115.

    The Australian dollar failed to make any significant headway against the rest of majors, moving in tight ranges of 81.57- 81.43 against the yen, 1.2903-1.2886 against the NZ dollar and 1.0378-1.0365 against the US dollar in most of the early Asian session.

    More Forex News - at instaforex.com

  6. #256

    Default

    [[Canadian Dollar Falls Against Most Majors



    In the early Asian session on Thursday, the Canadian dollar slipped against most major currencies following a slide in oil prices.

    Oil prices were lower yesterday also after report showed that oil inventories rose unexpectedly last week. The U.S. Energy Information Administration in its weekly crude oil report said U.S. commercial crude oil inventories increased by 3.80 million barrels to 364.50 million barrels last week, and are above the upper limit of the average range for this time of year.

    The loonie declined to a 2-day low of 0.9907 against the greenback and the next support level for the loonie is seen at 0.995.

    The loonie also dropped to 79.45 against the yen and 1.2420 against the euro and the loonie may break 79.00 and 1.245, respectively on the downside.

    More Forex News - at instaforex.com

  7. #257

    Default

    Australian Inflation Gauge rise Unexpectedly by 0.6 Pct M/m


    News

    Australian inflation gauge rose by banking group TD was up 0.6 pct yy in Aug, more than 0.2 pct rise expected by economists

    However, on yy basis inflation still remains in RBA's comfort zone with prices up 2.2 pct yy in Aug after 1.5 seen in July

    Prices of fruits and vegetables were up 7.2 pct yy while petrol prices rose by 7.2 pct

    But those rises were offset by decline in footwear, holiday travel, computing equipment

    Trimmed mean of inflation measure also grew by 0.6 pct with 2.2 pct growth from last year

    RBA is not expected to make any changes to it's 'appropriate monetary stance' at upcoming meeting


    More Forex News - at instaforex.com

  8. #258

    Default

    Australia Current Account Deficit A$11.8 Billion In Q2




    Australia saw a current account deficit of A$11.801 billion in the second quarter of 2012, the Australian Bureau of Statistics said on Tuesday.

    That beat forecasts for a shortfall of A$12.2 billion following the A$14.892 billion deficit in the first quarter.

    Net exports are expected to contribute 0.3 percentage points to GDP, below forecasts for 0.6 percentage points but up from -0.5 percentage points in the previous three months.


    More Forex News - at instaforex.com

  9. #259

    Default

    Euro Trades At 2-week Low Against Canadian Dollar




    After moving sideways at the beginning of the session, the European currency resumed downtrend against its Canadian counterpart on Wednesday morning in Asia.

    The euro reached a 2-week low of 1.2357 against the Canadian dollar, down almost 0.3 percent from Tuesday's North American session closing value of 1.2393.

    The euro-loonie pair is expected to extend its bearish bias as the currency cross reversed direction from the 23.6 percent retracement level of 1.2455 between its February highs and August lows in the daily chart.

    More Forex News - at instaforex.com

  10. #260

    Default

    South Korea GDP Downgraded In Q2




    South Korea's gross domestic product was up 0.3 percent in the second quarter of 2012 compared to the previous three months, the Bank of Korea said in Thursday's final reading.

    That was down from July's preliminary reading that called for a 0.4 percent increase following the 0.9 percent gain in the first quarter.

    Real gross national income rose 1.2 percent on quarter, while nominal gross national income eased 0.2 percent.

    On the production side, manufacturing declined 0.2 percent owing to the decrease in sub-sectors such as electrical and electronic device and petroleum, coal and chemical products, the bank said.

    Construction shed 2.7 percent as buildings construction was sluggish. Services grew by 0.5 percent, with gains for instance in financial intermediation, information and communications, and health & social work.

    On the expenditure side, private consumption added 0.4 percent as expenditures on durables and semi-durables increased. Facilities investment dropped by 7.0 percent, particularly in semiconductor manufacturing equipment and communications equipment. Construction investment dipped 0.4 percent, in line with the sluggishness of buildings construction, the bank said.

    Exports of goods fell 1.4 percent, led by those of automobiles and petrochemical products. Imports of goods dropped by 1.8 percent as imports for example of electronic equipment and general machinery decreased.

    On a yearly basis, GDP came in at 2.3 percent - again slowing from 2.4 percent in the advance estimate. The economy expanded 2.8 percent in the previous three months.

    On the production side, the manufacturing sector climbed 2.6 percent on year, due to growth in sub-sectors such as transport equipment and metal products. Construction lost an annual 2.0 percent, with the sluggishness in both building construction and civil engineering. Services grew 2.6 percent on year, centering on health and social work and financial intermediation.

    On the expenditure side, private consumption jumped an annual 1.1 percent, buoyed by increased expenditures on recreational products, insurance services, and telecommunication services.

    Facilities investment dropped 3.5 percent on year, as investment in machinery such as semiconductor manufacturing equipment and in transport equipment such as ships decreased, the bank noted. Construction investment decreased by 2.1 percent year-on-year, as both buildings construction and civil engineering were sluggish.

    Exports of goods spiked 2.1 percent on year centering around those of metal products and semiconductors, but imports of goods dropped by 0.1 percent year-on-year with decreases for instance in steel product and general machinery imports.

    Nominal gross national income eased 0.2 percent on quarter, with nominal gross domestic product dipping 0.4 percent and despite higher net factor income from abroad including dividend income.

    Real gross national income expanded 1.2 percent, higher than in the previous quarter as, in addition to the decrease in the magnitude of real-term losses from trade on improved terms of trade, real net factor income from abroad increased.

    The GDP deflator increased 1.2 percent year-on-year. The gross saving ratio was at 31.2 percent, similar to the previous quarter's 31.3 percent. The gross domestic investment ratio was at 27.7 percent, 1.8 percentage points lower than in the previous quarter.


    More Forex News - at instaforex.com

Similar Threads

  1. INSTAFOREX COMPANY NEWS
    By painofhell in forum Brokers
    Replies: 246
    Last Post: 05-19-2015, 16:50
  2. Forex Trading News
    By painofhell in forum Trading discussion
    Replies: 1
    Last Post: 11-07-2014, 17:48
  3. Economic News from InstaForex
    By IFX Darika in forum Economy
    Replies: 115
    Last Post: 10-14-2014, 16:21

Tags for this Thread

100, 2011, alarm, analysis, automatic, average, breakout, broker, candle, change, channel, closing, color, commission, comparison, daily analysis, divergence, dma, eas, empire, eur, eur/usd, eurusd, fibonacci, forecast, foreign exchange trading, forex, forex news, forex strategies, forex strategy, free, fundamental, fundamentals, generic, german, gold, hedge, high, historical, home, how to, index, indicator, indicators, information, instaforex, intraday, investment, japan, learn, live, live account, long term, low, main, managed, moving average, news, nzd, offer, online, pivot, profit, rating, real, regulated, research, resistance, review, sales, short term, signal, signals, simple, singapore, sma, spanish debt, spread, squeeze, stocks, stop, strategies, strategy, support, system, systems, technical analysis, test, thank you, time, tool, trader, trading, trading system, trailing, trend, usd, video

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •