Forex News from InstaForex

[IFX Gertrude]

Japan Retail Sales Spike 11.0% On Year In March

Retail sales in Japan surged 11.0 percent on year in March, the Ministry of Economy, Trade and Industry said on Monday, worth 13.731 trillion yen.
That was in line with forecasts following the 3.6 percent gain in February.
Sales from large retailers surged an annual 16.1 percent - topping expectations for 13.8 percent following the 1.3 percent increase in the previous month.
On a seasonally adjusted monthly basis, retail sales climbed 6.3 percent - beating forecasts for 6.0 percent and up sharply from 0.3 percent a month prior.

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[IFX Gertrude]

South Korea Current Account Surplus $7.35 Billion


South Korea saw an unadjusted current account surplus of $7.35 billion in March, the Bank of Korea said on Tuesday.That's up from the $4.52 billion surplus on February and the $3.61 billion surplus in January.
The financial account recorded a net outflow of 5.78 billion dollars, down from 6.92 billion dollars the previous month.
Seasonally adjusted, the current account surplus was $6.65 billion - down from $7.57 billion in February.

News are provided by InstaForex.

[IFX Gertrude]

Yen Advances Against Majors




The Japanese yen climbed against other major currencies in early Asian deals on Wednesday.
The yen rose to 172.39 against the pound, 115.96 against the franc, 102.49 against the greenback and 93.59 against the loonie.
The yen climbed to a 2-day high of 141.52 versus the euro, compared to yesterday's closing quote of 141.59.
If the yen extends gain, it is likely to face resistance around 101.00 against the greenback, 115.00 against the franc, 140.00 against the euro, 171.5 against the pound and 92.00 against the loonie.



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[IFX Gertrude]

China Manufacturing PMI 48.1 In April - HSBC




China's manufacturing sector continued to contract in April, the latest survey from HSBC and Markit Economics revealed on Monday - with a final purchasing managers' index score of 48.1.
That was down from last month's flash estimate of 48.3, although it was up from the final March reading of 48.0.
A reading above 50 signals expansion in a sector, while a score below means contraction.
In all, the index shows that China's manufacturing sector has been in contraction for four straight months.
Among the individual components of the survey, output and new orders contract at slower rates, while staff numbers were cut for the sixth month in a row. There was also a solid reduction in both input and output prices.


News are provided by InstaForex.

[IFX Gertrude]

China Manufacturing PMI 48.1 In April - HSBC




China's manufacturing sector continued to contract in April, the latest survey from HSBC and Markit Economics revealed on Monday - with a final purchasing managers' index score of 48.1.
That was down from last month's flash estimate of 48.3, although it was up from the final March reading of 48.0.
A reading above 50 signals expansion in a sector, while a score below means contraction.
In all, the index shows that China's manufacturing sector has been in contraction for four straight months.
Among the individual components of the survey, output and new orders contract at slower rates, while staff numbers were cut for the sixth month in a row. There was also a solid reduction in both input and output prices.


News are provided by InstaForex.

[IFX Gertrude]

NZ Dollar Climbs Against Majors




The New Zealand dollar drifted higher against other major currencies in Asian deals on Tuesday. The kiwi strengthened to 0.8705 against the greenback for the first time since April 11. The kiwi advanced to near a 4-week high of 88.90 against yen and a 3-week high of 1.5937 against the euro. The kiwi spiked up to 1.0670 against the aussie, a level not seen since April 1. The next possible upside target for the kiwi is seen around 0.879 against the greenback, 89.5 against the yen, 1.58 against the euro and 1.06 against the aussie

News are provided by InstaForex.

[IFX Gertrude]

Australia Retail Sales Add 0.1% In March




Total retail sales in Australia were up a seasonally adjusted 0.1 percent on month in March, the Australian Bureau of Statistics said on Wednesday - coming in at A$23.149 billion. That was shy of forecasts for a gain of 0.4 percent following the upwardly revised gain of 0.3 percent in February (originally 0.2 percent). For the first quarter of 2014, retail sales climbed 1.2 percent on quarter to A$67.519 billion - in line with expectations, but missing forecasts for 1.6 percent after gaining 1.1 percent in the three months prior.

News are provided by InstaForex.

[IFX Gertrude]

Pound Declines Against Most Majors




The pound slipped against most major currencies in Asian deals on Thursday. The pound dropped to a 2-day low of 1.6943 against the greenback, compared to Wednesday's closing quote of 1.6949. The pound edged down to 1.4843 against the franc and 0.8211 against the euro. If the pound continues its downtrend, it is likely to find support around 1.68 against the greenback, 1.475 against the franc and 0.83 against the euro.

News are provided by InstaForex.

[IFX Gertrude]

U.S. Dollar Advances Against Majors




The U.S. dollar strengthened against its major rivals in Asian deals on Friday.
The greenback climbed to 0.8811 against franc, its highest since May 2. Against the euro and the pound, the greenback hit a weekly high of 1.3831 and a 3-day high of 1.6919, respectively.
Rebounding from an early low of 101.54 against the yen, the greenback edged up to 101.75.
The greenback may possibly face resistance around 102.5 against the yen, 0.89 against the franc, 1.375 against the euro and 1.68 against the pound.

News are provided by InstaForex.

[IFX Gertrude]

Euro At Near 3-month Low Against Pound



The euro drifted lower against the pound in Asian deals on Monday. The euro slipped to 0.8158 against the pound, a level unseen since February 17. If the euro extends slide, it may face support around the 0.81 area. The pair was worth 0.8165 at Friday's close.

News are provided by InstaForex.