Forex News from InstaForex

[IFX Matthias]

Malaysian Ringgit Slides To More Than 3-year Low Against U.S. Dollar



The Malaysian Ringgit drifted lower against the U.S. dollar in Asian deals on Tuesday. The ringgit touched 3.3310 against the greenback, a level not seen since June 2010. The ringgit may likely target support at 3.34 area. The pair finished Monday's deals at 3.3050.

News are provided by InstaForex.

[IFX Matthias]

Chart Focus: Eur/aud- 1.5000 Caps, Close Above Targets 1.5245



Syrian uncertainty fuelled AUD risk selling - opened +0.67%
Extended to 1.4995 early in Asia on unfounded Syrian rumours
Ma's edge higher with upper Bolli - uptrend regaining traction
1.5000 profit taking/option activity capped for a second time in Aug
Close above targets 1.5245 - 38.2% of 2008/2012 fall

News are provided by InstaForex.

[IFX Matthias]

Chart Focus: Aud/nzd Witnesses Modest Bounce on Capex



Opens -0.5% & extended to 1.1440 pre Aus Capex
Small bounce on generally stronger than expected Capex
Momentum studies are cresting - ma's % Bolli's positive
1.1389, 61.8% of Aug's rise is initial support
1.1465 NY close is initial resistance - bias higher


News are provided by InstaForex.

[IFX Matthias]

Yen Little Changed After Japan's Housing Starts, Construction Orders Datal



Following the release of Japan's housing starts and construction orders data for the month of July at 1:00 am ET, the yen was little changed against its major counterparts.
As of 1:05 am ET, the yen was trading at 130.13 against the euro, 105.58 against the Swiss franc, 98.25 against the US dollar and 152.42 against the pound.

News are provided by InstaForex.

[IFX Matthias]

Chart Focus: Usd/sgd New Lows Seen in Early Trade



Monday morning sees new low below Friday's low - bouncing since
Last Wed saw bearish daily candle close below 1.28 - short signal
Double top seen recently at 1.286 - same as July's high
Pullback likely has much lower to go - initial support seen at 1.255 area
Long term trendline / July-Aug lows near this area - cover shorts there

News are provided by InstaForex.

[IFX Matthias]

RBA Keeps Cash Rate Unchanged At Record-Low



The Reserve Bank of Australia on Tuesday decided to retain its benchmark cash rate at record-low of 2.5 percent, in line with economists' expectations.
At the meeting, the Reserve Bank Board noted that the setting of the monetary policy remained "appropriate".
The Board said it will "continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target."
In a statement, RBA Governor Glenn Stevens said the exchange rate may depreciate further overtime and this would help to foster a rebalancing of growth in the economy.
"The easing in monetary policy since late 2011 has supported interest-sensitive spending and asset values, and further effects can be expected over time," Stevens said.

News are provided by InstaForex.

[IFX Matthias]

Hong Kong Dollar Slips To 6-day Low Against Greenback



The Hong Kong dollar lost ground against its U.S. counterpart on Wednesday in Asia, slipping to a 6-day low of 7.7562, down 0.01 percent from Tuesday's closing value of 7.7547.
If the Hong Kong currency extends downtrend, it may find support around the 7.7570 level.


News are provided by InstaForex.

[IFX Matthias]

Yen Declines To Multi-week Low Against U.S., Canadian Dollars



The Japanese yen continued its downtrend against the U.S. and Canadian dollars in late Asian deals on Thursday.
The yen fell to 99.98 against the greenback, a level not seen since July 25.
The yen touched more than a 4-week low of 95.31 against the loonie, compared to Wednesday's close of 95.05.
The next downside target for the yen lies around 100.8 against the greenback and 96.00 against the loonie.

News are provided by InstaForex.

[IFX Matthias]

Yen Strengthens After Japan's July Leading Index, BoJ Monthly Report



The yen drifted higher against its major counterparts following a report showed that Japan's leading economic index improved from the previous month's reading. The Bank of Japan monthly report also lifted the yen.
As of 1:05 am ET, the Japanese currency was trading at 130.98 against the euro, 105.68 against the Swiss franc, 155.70 against the pound and 99.73 against the US dollar.
The yen also strengthened against the resource-linked currencies, rising as high as 91.05 against the Australian dollar, 95.12 against the Canadian dollar and 78.90 against the New Zealand dollar.

News are provided by InstaForex.

[IFX Matthias]

Franc Little Changed Amid Swiss Unemployment Rate



At 1:45 am ET Monday, Swiss unemployment rate for August has released. The franc changed little against other major currencies after the data. The franc is now trading at 0.9385 against the greenback, 1.4681 against the pound, 1.2363 against the euro and 106.18 against the yen.

News are provided by InstaForex.