Forex News from InstaForex

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jun 20, 2017 10:47 pm

U.S. Treasury Yields Slide as Traders Wager on Gradual Rate Hikes

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U.S. government bond yields traded down as two Fed Reserve officials underlined that central bank's gradual strategy to hiking interest rates, while, taking note of the concerns regarding weak inflation and subdued growth in the economy.

Chicago Fed President Charles Evans said the U.S. central bank can postpone another hike until December and hold off in September another increase in interest rates. Meanwhile. Boston Fed President Eric Rosengren said the lower rates may be a norm in the market for a longer period of time.

Yield on the 10-year Treasury note declined 3.5 bps to 2.153 percent. The two-year note yield trimmed 1.6 bps at 1.348 percent. Yield on the 30-year bond lost 5.2 bps to trade at 2.735 percent, bringing the bond's yield to its lowest level since November 8.

The statements caused bond investors to become doubtful on how fast the Fed will hike rates in the future as it also looks to unwind its $4.5 trillion balance sheet this year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jun 21, 2017 10:20 pm

New Zealand Credit Card Spending Data Due On Thursday

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New Zealand will on Thursday release May figures for credit card spending, highlighting a modest day for Asia-Pacific economic activity. Spending was up 0.9 percent on month and 6.4 percent on year in April.

Taiwan will see May figures for unemployment, with the jobless rate expected to rise to 3.80 percent from 3.78 percent in April.

Hong Kong will provide Q1 data for current account; in the three months prior, the current account surplus was 34.83 billion HKD, while the capital account had a deficit of 185 million HKD and the financial account showed a shortfall of 65.92 billion HKD.

The central bank in the Philippines will wrap up its monetary policy meeting and announce its decision on interest rates.

The bank is widely expected to keep its benchmark lending rate unchanged at 3.00 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jun 21, 2017 11:46 pm

Gold Climbs as Treasury Yields Hit Near 10-Year Low

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Gold prices rose Thursday as the US dollar's easing made the Treasury yields hit its lowest in almost a decade.

The curve of the Treasury yield straightened to almost 10-year troughs as investors assessed how the Federal Reserve's hawkish tool shaped the economy but inflation measures are slumping. The greenback tumbled from a one-month peak versus a bunch of currencies.

US gold futures for August settlement traded at $1,253.10 an ounce, up 0.6%. Spot gold stood at $1,251.91 an ounce, up 0.5%. Earlier, it gained 0.3%, its biggest intraday percentage change since June 6.

Meanwhile, the holdings of SPDR Gold Trust climbed 0.4% to 853.98 tonnes, previously 853.68 tonnes.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jun 22, 2017 9:16 pm

Japan Manufacturing Sector Slows In May - Nikkei

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The manufacturing sector in Japan continued to expand in May, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a seven-month low manufacturing PMI score of 52.0.

That's down from 53.1 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output posted its slowest growth in nine months, although exports expanded and job creation was sustained.

Stocks of purchases, stocks of finished goods and backlogs of work all swung to contraction.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Jun 22, 2017 10:04 pm

Gold Climbs following Five-Week Low

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Gold continued its rebound Thursday as it climbed above the last session's five-week trough as the US dollar stabilized.

US gold futures for August settlement closed at $1,249.40, up 0.3%. Spot gold settled at $1,249.17 an ounce, up 0.3%. In the last trading session, it added 0.3% after trading at $1,240.75, its five-week trough.

Meanwhile, silver stood at $16.57 per ounce, up 0.9%. Platinum ended at $924.40, up 0.1%. But palladium traded at $884.60, down 0.4%.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jun 26, 2017 9:28 pm

New Zealand Has NZ$103 Million Surplus In May

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New Zealand had a merchandise trade surplus of NZ$103 million in May, Statistics New Zealand said on Tuesday.

That was shy of expectations for a surplus of NZ$419 million and down from the downwardly revised NZ$536 million a month earlier (originally NZ$578 million).

Exports were up 8.7 percent on year to NZ$4.95 billion - beating forecasts for NZ$4.93 billion and up from NZ$4.70 billion.

Imports jumped an annual 15.0 percent to NZ$4.85 billion versus expectations for NZ$4.48 billion and up from NZ$4.16 billion.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Jun 26, 2017 10:09 pm

Bitcoin, Ethereum Headline Plunge of Digital Currencies

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Bitcoin and ethereum spearheaded the decline of virtual currencies after posting record highs and experiencing a flash crash last week.

Data showed that bitcoin stood at a low of about $2,255.44 in intraday trading, its lowest since June 15. Ethereum traded at $221.45, down 26%. Also, ripple has lost around 13% to about 26 cents.

Ether, a cryptocurrency based on the ethereum blockchain, dropped June 21 following the congestion on its network slowed down deals, prompting digital currency exchange operators such as Bitfinex to stop transactions.

Still, the two largest digital currencies have soared in value this year. Bitcoin has gained around 150% year to date. Ether started 2017 about $8.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jun 27, 2017 9:40 pm

Wall Street Stumbles After Senate Delays Health Vote

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U.S. equities faltered with large-cap technology stocks losing over one percent after a healthcare bill was delayed by the U.S. Senate which fueled policy uncertainty. The S&P 500 recorded its largest one-day decline in nearly six weeks and ended at its weakest point since May 31.

The Dow Jones industrial average retreated 0.46 percent to finish at 21,310.6, as Verizon led losses while JPMorgan Chase the best performer. The S&P 500 fell 0.81 percent to close at 2,419.38, with information technology leading ten sectors lower while financials being the only gainer. The Nasdaq composite dropped 1.61 percent to end at 6,146.62.

Major indexes extended declines after U.S. Senate Republican leader Mitch McConnell delayed a planned vote on a bill to take down the Affordable Care Act until after the Senate's July 4 recess.

The tech sector fell 1.7 percent. Google-parent Alphabet lost over two percent. The European Union fined the company a record $2.7 billion, with regulators ruling Google with a violation of antitrust rules.

Shares of Facebook, Netflix and Amazon also retreated, ending nearly 1.5 percent lower.

However, technology stocks continue to be the best-performing major group in 2017 as the sector gained almost 20 percent so far.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jun 27, 2017 10:10 pm

ARGENTINA: Macri Defends Greater Integration With Chile

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Argentina's President Mauricio Macri stressed to Chilean lawmakers the importance of an increase in both nations integration and of an improvement in bilateral trade. Macri's made the comments during a speech at Chile's National Congress. Maur?cio Macri also pointed out that Argentina and Chile should agree on "long-term" energy policies that will help to develop both countries soon, according to a statement by the Casa Rosada. Also, Macri called on Chilean lawmakers to help to promote integration between the Mercosur and the Pacific Alliance. Later, in the Audience Hall of the La Moneda's Palace, the Chilean President Michelle Bachelet and Macri held a bilateral meeting aimed to strengthen ties between both nations.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jun 28, 2017 10:48 pm

COLOMBIA:Chile Suspends Beef Imports Due To Foot-and-mouth Disease Outbreak

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Chile's Agricultural and Livestock Service (SAG) said in a statement that it would temporarily suspend imports of Colombian meat products after a foot-and-mouth disease outbreak in the department (state) of Arauca.

"The SAG has already contacted the Colombian authorities to monitor the case, and better assess the situation," said the Chilean agency. SAG also noted that just a month ago it had authorized meat imports from Colombia after a thorough evaluation process.

Last Saturday, Colombia's Agricultural and Livestock Institute (ICA) reported the detection of a foot-and-mouth disease outbreak, the first since 2009. Since the news came, Chile, Peru, and Panama have suspended their meat imports, and Ecuador reported that it would strengthen sanitary controls.

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