Forex News from InstaForex

[IFX Gertrude]

Pound At 2-day High Against Euro




The pound strengthened against the euro in Asia on Wednesday. The pound hit a 2-day high of 0.8305 against the euro, up from yesterday's closing quote of 0.8319. Further uptrend could help the pound to face resistance around the 0.82 zone.



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[IFX Gertrude]

UK House Price Balance Dips To 56% - RICS




An index monitoring house prices in the United Kingdom came in with a score of 56 percent in December, the latest survey from the Royal Institution of Chartered Surveyors revealed on Thursday.

That was shy of forecasts for 60 percent, and down from the reading of 58 percent in November - although the index remained above 50 percent for the fourth consecutive month.

Among the individual components of the survey, expectations for an increase in house prices climbed to 61 percent from 59 percent in the previous month.

Also, the sales-to-stock ratio climbed to 35.2 percent from 34.6 percent a month earlier.


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[IFX Gertrude]

Japan Govt. Upgrades Economic Assessment




The Japanese government on Friday revised up its assessment of the economy for the first time in four months, as recovery picked up on the back of improvement in household income and business investment.
"The Japanese economy is recovering at a moderate pace," the Cabinet Office said in its monthly report.
The report noted that the economy may continue to recover as household income and business investment increase.
It also noted that exports were in a weak tone recently. However, industrial production is increasing at a moderate pace, according to the Cabinet Office.


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[IFX Gertrude]

Yen Little Changed Following Japan Industrial Production Data




After the release of Japan's final industrial production data for November in Asian deals on Monday at 11:30 pm ET, the yen changed little against other major currencies.
The yen was trading at 104.05 against the greenback, 170.76 against the pound, 140.76 against the euro and 114.13 against the franc around 11:33 pm ET.


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[IFX Gertrude]

Hong Kong CPI On Tap For Tuesday




Hong Kong will on Tuesday release December figures for inflation, highlighting a light day for Asia-Pacific economic activity. Overall inflation is expected to ease to 4.2 percent on year from 4.3 percent in November. Japan will see December numbers for condominium sales and supermarket sales; in November, they were up 22.3 percent and 0.7 percent on year, respectively.


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[IFX Gertrude]

Yen Rises After BOJ Rate Decision




The Bank of Japan kept monetary policy on hold in its decision in Asian deals on Wednesday. Following the announcement, the yen edged up against other major currencies.
The yen was trading at 104.23 against the greenback, 171.82 against the pound, 114.59 against the franc and 141.51 against the euro around 10:30 pm ET.


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[IFX Gertrude]

U.S. Dollar Advances Against Most Majors




The U.S. dollar strengthened against most major opponents in early Asian deals on Thursday.
The greenback rose to 104.84 against the yen for the first time since January 16.
The greenback advanced to 2-day highs of 0.9135 against the franc and 1.3530 against the euro, compared to yesterday's closing quotes of 0.9114 and 1.3547, respectively.
The next possible resistance for the greenback is seen around 0.92 against the franc, 1.345 against the euro and 105.6 against the yen.


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[IFX Gertrude]

Malaysian Ringgit Hits 3-1/2-year Low Against U.S. Dollar




The Malaysian Ringgit drifted lower against the U.S. dollar in Asian deals on Monday. The ringgit touched 3.3465 against the greenback, a level unseen since June 2010. The ringgit may find support at the 3.36 mark. At last week's close, the pair was worth 3.3345.



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[IFX Gertrude]

Chinese Industrial Profit Rise In 2013




China's industrial profits increased 12.2 percent in 2013 from the previous year, the National Bureau of Statistics said Tuesday.
Profits were up 13.2 percent during eleven months ended November.
In December alone, combined profits of industrial firms grew 6 percent to CNY 942.5 billion. But it was slower than the 9.7 percent growth posted in November.



News are provided by InstaForex.

[IFX Gertrude]

Swiss Franc Slides To 5-day Low Against Euro




Retracing early gains, the Swiss franc slipped against the euro in Asian trading on Wednesday.
The franc declined to a 5-day low of 1.2295 per euro, off an early high of 1.2261. The franc is likely to face support at the 1.235 mark. The pair traded at 1.2270 at yesterday's close.


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