Forex News from InstaForex

[IFX Gertrude]

New Zealand Jan Money Supply Rises At Slower Rate



New Zealand's money supply growth slowed in January, figures from the Reserve Bank of New Zealand showed Friday. M3 money supply rose 6.2 percent year-on-year to NZ$283.745 billion in January. This follows a 6.3 percent rise in December. In the same month of the previous year, money supply had risen 6.5 percent. On a monthly basis, money supply growth eased to 0.2 percent in January from 1 percent in December.


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[IFX Gertrude]

Australia Company Operating Profit Dips 0.2% In Q4



Gross operating profits for companies in Australia eased a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2014, the Australian Bureau of Statistics said on Monday. That was well shy of forecasts for an increase of 0.5 percent, which would have been steady from the previous three months. On a yearly basis, profits tumbled 5.9 percent. Wages and salaries added 0.3 percent on quarter and 0.8 percent on year, the bureau said, while inventories dipped 0.8 percent on quarter and 0.5 percent on year.


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[IFX Gertrude]

Japan Monetary Base Surges 36.7% In February



The monetary base in Japan spiked 36.7 percent on year in February, the Bank of Japan said on Tuesday, coming in at 275.261 trillion yen. That follows the 37.4 percent annual surge in January. Banknotes in circulation added 3.7 percent on year, while coins in circulation added 0.8 percent. Current account balances climbed 63.6 percent, including a 64.6 percent spike in reserve balances. The adjusted monetary base climbed 43.2 percent on year to 285.688 trillion yen.

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[IFX Gertrude]

Ecb Will Likely Revise Growth up and Inflation Down



After the announcement of the expanded asset purchase programme (quantitative easing - 'QE') in January, the European Central Bank (ECB) is widely expected to refrain from further new measures in the near term. Thursday's post-meeting press conference will likely focus on the updated ECB staff forecasts for the euro-area economy; Standard Chartered research notes: We expect growth to be revised upwards for 2015 and 2016, and inflation to be revised downwards in 2015. In addition, President Draghi will likely further clarify the QE programme, and may be questioned over how the ECB intends to deal with negative yields and a potential shortfall in sellers; e.g., of German Bunds. He is also likely to comment on Greek banks' access to ECB liquidity operations.

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[IFX Gertrude]

Eur/jpy on Back Foot in Large Way Overnight, down from 133.89 to 132.41, Await Ecb



Some stops sub-132.50, 132.00, key downside support 130.16 1/26 spike low

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[IFX Gertrude]

Contraction Accelerates For Australia Construction Sector



The construction sector in Australia contracted at a faster pace in February, the latest survey from the Australian Industry Group showed on Friday, with a Performance of Construction Index score of 43.9. That's down significantly from 45.9 in January, and it moves further beneath the boom-or-bust reading of 50 that separates expansion from contraction. Overall, it's the fourth straight month of decline. Among the individual components of the survey, new orders, activity, employment and deliveries from suppliers all continued to contract. By industry, the heaviest declines came in mining and commercial building - although apartment building swung higher to expansion.

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[IFX Gertrude]

Japan Has Y61.4 Billion Current Account In January



Japan had a current account surplus of 61.4 billion yen in January, the Ministry of Finance said on Monday. That missed forecasts for a surplus of 270.4 billion yen following the 187.2 billion yen surplus in December. The trade balance showed a deficit of 864.2 billion yen - which beat expectations for a shortfall of 936.0 billion yen following the 395.6 billion yen deficit in the previous month. Exports climbed 15.3 percent on year to 6.332 trillion yen, the data showed, while imports shed 8.9 percent to 7.196 trillion yen. The adjusted current account surplus was 1,058.1 billion yen - below expectations for 1,179.6 billion yen following the 852.8 billion yen surplus a month earlier.

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[IFX Gertrude]

Japan Core Machine Orders Dip 1.7% In January

Core machine orders in Japan contracted 1.7 percent on month in January, the Cabinet Office said on Wednesday - worth 838.9 billion yen. The headline figure beat expectations for a decline of 4.0 percent following the 8.3 percent surge in December. On a yearly basis, core machine orders added 1.9 percent - also topping forecasts for a decline of 1.0 percent following the 11.4 percent spike in the previous month. The total number of machinery orders, including those volatile ones for ships and from electric power companies, gained 14.2 percent on month and 8.2 percent on year. Manufacturing orders shed 11.3 percent on month but gained 7.3 percent on year to 351.8 billion yen in January, while non-manufacturing orders added 3.7 percent on month but lost 1.9 percent on year to 494.5 billion yen. Government orders gained 25.8 percent on month and 37.4 percent on year to 346.7 billion yen. Orders from overseas climbed 24.2 percent on month and 8.2 percent on year to 990.6 billion yen. Orders from agencies tumbled 13.9 percent on month and 6.3 percent on year to 99.3 billion yen. For the first quarter of 2015, core machine orders are forecast to have risen 1.5 percent on quarter but lost 0.9 percent on year to 2,455.2 billion yen. Also on Thursday, the Bank of Japan said that its index measuring producer prices was unchanged on month in February, the Bank of Japan said, standing at 103.3. That was in line with expectations following the 1.3 percent contraction in January. On a yearly basis, prices added 0.5 percent - beating forecasts for a gain of 0.4 percent following the 0.3 percent increase in the previous month. Export prices lost 0.8 percent on month and 5.2 percent on year, the data showed, while import prices tumbled 4.9 percent on month and 17.9 percent on year.

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[IFX Gertrude]

Usd/jpy Bounce Back After Spike down to 120.65 After US Retail Sales Miss



USD/JPY spikes down to 120.65 after large US retail sales miss Pair bounce back to 121.42 in New York, range again in Asia

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[IFX Gertrude]

Australia New Motor Vehicle Sales Rise 2.9% In February



The total number of new motor vehicle sales in Australia was up a seasonally adjusted 2.9 percent on month in February, the Australian Bureau of Statistics said on Monday, standing at 95,737. That follows the downwardly revised 1.9 percent decline in January (originally -1.5 percent). On a yearly basis, new motor vehicle sales advanced 4.1 percent - accelerating from 0.2 percent in the previous month. By category, sales of passenger vehicles dipped 0.9 percent on month, while other vehicles eased 0.3 percent and sport utility vehicles surged 10.5 percent. By region, the Northern Territory saw the largest percentage increase (22.4 percent) followed by South Australia (8.8 percent) and the Australian Capital Territory (5.9 percent).

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