Forex News from InstaForex

[IFX Gertrude]

NZ DOLLAR RISES AGAINST MAJORS



The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.

The NZ dollar rose to a 4-day high of 1.0767 against the Australian dollar and a 2-day high of 1.7427 against the euro, from yesterday's closing quotes of 1.0781 and 1.7460, respectively.

Against the U.S. dollar and the yen, the kiwi advanced to 0.6351 and 89.84 from Thursday's closing quotes of 0.6330 and 89.50, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 1.06 against the aussie, 1.73 against the euro, 0.64 against the greenback and 91.00 against the yen.

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[IFX Gertrude]

CHINA MANUFACTURING SECTOR EXPANDS IN DECEMBER



China's manufacturing activity continued to expand at the end of the year, survey results from S&P Global showed on Tuesday.

The Caixin manufacturing Purchasing Managers' Index rose slightly to 50.8 in December from 50.7 in November.

The sector expanded for the fourth time in the last five months. A score above 50.0 indicates expansion.

There were stronger increases in output and new orders in December. However, staffing levels declined for the fourth month in a row.

Moreover, the degree of optimism softened from November.

"Looking to the new year, there is still room for adjustments in fiscal and monetary policies," Wang Zhe, a senior economist at Caixin Insight Group said. "Efforts in increasing employment should be strengthened to alleviate pressure on the job market, improve people's livelihoods, and ultimately foster long-term market confidence."

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[IFX Gertrude]

ANTIPODEAN CURRENCIES SLIDE AMID RISK AVERSION



The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Wednesday amid risk aversion, following the mostly negative cues from global markets overnight, as major currencies in the region were hit by a stronger U.S. dollar. Technology stocks are bearing the brunt after Barclays cut the iPhone maker Apple's rating to underweight and trimmed its price target.

Traders now look ahead to a busy week of economic data, including key U.S. jobs data and the latest U.S. Fed monetary policy meeting minutes, for important clues to the economic and interest rate outlook.

In the Asian trading today, the Australian dollar fell to nearly a 2-week low of 0.6751 against the U.S. dollar and a 5-day low of 0.9000 against the Canadian dollar, from recent highs of 0.6771 and 0.9020, respectively. If the aussie extends its downtrend, it is likely to find support around 0.64 against the greenback and 0.88 against the loonie.

Against the yen, the euro and the NZ dollar, the aussie slipped to 95.88, 1.6220 and 1.0786 from yesterday's closing quotes of 95.98, 1.6176 and 1.0806, respectively. On the downside, 93.00 against the yen, 1.64 against the euro and 1.06 against the kiwi are seen as the next support levels for the aussie.

The NZ dollar fell to nearly a 2-week low of 0.6245 against the U.S. dollar and a 5-day low of 1.7532 against the euro, from yesterday's closing quotes of 0.6252 and 1.7487, respectively. If the kiwi extends its downtrend, it is likely to find support around 0.59 against the greenback and 1.76 against the euro.

Against the yen, the kiwi edged down to 88.72 from a recent high of 89.13. The kiwi may test support near the 87.00 region.

Looking ahead, Switzerland manufacturing PMI for December and German unemployment rate for December are due to be released in the European session.

In the New York session, U.S. MBA mortgage approvals data and U.S. ISM manufacturing PMI for December are slated for release.

At 2:00 pm ET, U.S. Federal Reserve is scheduled to release FOMC meeting minutes of its December meeting.

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[IFX Gertrude]

NZ DOLLAR RISES AGAINST MAJORS



The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.

The NZ dollar rose to 6-day highs of 89.81 against the yen and 1.0757 against the Australian dollar, from yesterday's closing quotes of 89.50 and 1.0768, respectively.

Against the euro, the kiwi advanced to a 2-day high of 1.7437 from yesterday's closing value of 1.7474.

The kiwi edged up to 0.6269 against the U.S. dollar, from Wednesday's closing value of 0.6247.

If the kiwi extends its uptrend, it is likely to find resistance around 91.00 against the yen, 1.06 against the aussie, 1.73 against the euro and 0.67 against the greenback.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE FLASH INFLATION DATA DUE



Flash inflation from the euro area and house prices from the UK are the top economic news due on Friday.

At 2.00 am ET, UK Halifax house price data is due. House prices are forecast to rise 0.1 percent on month in December, slower than the 0.5 percent rise in November.

In the meantime, Destatis is slated to issue Germany's retail sales for November. Sales are expected to drop 0.5 percent on month, in contrast to the 1.1 percent increase in October.

At 3.30 am ET, Germany's construction Purchasing Managers' survey results are due.

At 4.00 am ET, consumer price data is due from Poland.

At 4.30 am ET, UK S&P/CIPS construction PMI survey data for December is due. The index is expected to climb to 46.0 from 45.5 in November.

At 5.00 am ET, Eurostat publishes euro area flash inflation figures. Inflation is expected to advance to 3.0 percent in December from 2.4 percent in November.

Also, Italy's Istat releases flash consumer and harmonized prices for December.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE ECONOMIC SENTIMENT, RETAIL SALES DATA DUE



Economic confidence and retail sales from the euro area are due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders and foreign trade figures. Orders are forecast to grow 1.0 percent on month in November, in contrast to the 3.7 percent decrease in October. Exports are expected to rise 0.3 percent month-on-month, following a 0.2 percent drop.

In the meantime, manufacturing output data is due from Norway.

At 2.30 am ET, Switzerland's Federal Statistical Office publishes consumer prices and retail sales reports. Inflation is expected to rise slightly to 1.5 percent in December from 1.4 percent in November.

At 4.30 am ET, Eurozone Sentix investor confidence survey results are due. The investor sentiment index is seen at -15.5 in January compared to -16.8 in December. At 5.00 am ET, economic sentiment survey results and retail sales data are due from the euro area. Economists forecast retail sales to fall 0.3 percent on a monthly basis in November, reversing a 0.1 percent rise in October.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY INDUSTRIAL OUTPUT DATA DUE



Industrial production from Germany and unemployment from Eurozone are the top economic news due on Tuesday.

At 2.00 am ET, Destatis is scheduled to release Germany industrial production for November. Output is expected to grow 0.2 percent on month, reversing a 0.4 percent fall in October.

At 2.30 am ET, industrial production data is due from Hungary. Economists forecast output to fall 0.7 percent annually in November after a 3.2 percent drop in October. At 2.45 am ET, foreign trade and current account figures are due from France. The trade deficit is expected to narrow to EUR 7.9 billion in November from EUR 8.6 billion in October.

At 4.00 am ET, Italy's statistical office ISTAT releases unemployment data for November. The jobless rate is seen rising to 7.9 percent from 7.8 percent in October. At 5.00 am ET, Eurostat is set to issue euro area unemployment data. Economists forecast the rate to remain at 6.5 percent in November.

At 8.00 am ET, Poland's central bank announces its monetary policy decision. The bank is likely to keep the benchmark rate at 5.75 percent.

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[IFX Gertrude]

EUROPEAN ECONOMIC NEWS PREVIEW: FRANCE INDUSTRIAL OUTPUT DATA DUE



Industrial production from France is the only major economic data due on Wednesday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland releases industrial production figures for November. Output had increased 1.2 percent annually in October. At 2.00 am ET, consumer price data is due from Norway and Denmark. Norway's consumer price inflation is forecast to remain unchanged at 4.8 percent in December. Also, Statistics Sweden publishes GDP, industrial output and orders and household spending data for November.

In the meantime, the Turkish Statistical Institute is scheduled to issue industrial output and unemployment data.

At 2.45 am ET, France's statistical office INSEE releases industrial production figures for November. Output is forecast to remain flat on month, reversing a 0.3 percent drop in October.

At 4.00 am ET, retail sales data is due from Italy.

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[IFX Gertrude]

AUSTRALIAN DOLLAR RISES AGAINST MAJORS



The Australian dollar strengthened against other major currencies in the Asian session on Thursday.

The Australian dollar rose to more than a 5-week high of 97.80 against the yen, from yesterday's closing value of 97.63.

Against the U.S. and the Canadian dollars, the aussie advanced to 2-day highs of 0.6726 and 0.8985 from yesterday's closing quotes of 0.6698 and 0.8961, respectively.

The aussie edged up to 1.6328 against the euro, from Wednesday's closing value of 1.6372.

If the aussie extends its uptrend, it is likely to find resistance around 98.00 against the yen, 0.68 against the greenback, 0.90 against the loonie and 1.61 against the euro.

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[IFX Gertrude]

CHINA OVERALL INFLATION RISES 0.1% ON MONTH IN DECEMBER



Overall consumer prices in China were up 0.1 percent on month in December, the National Bureau of Statistics said on Friday.

That was shy of expectations for an increase of 0.2 percent following the 0.5 percent contraction in November.

On an annual basis, inflation fell 0.3 percent versus forecasts for a decline of 0.4 percent after slipping 0.5 percent in the previous month.

The bureau also said that producer prices sank 2.7 percent on year, missing forecasts for a decline of 2.6 percent after sinking 3.0 percent a month earlier.

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