Forex News from InstaForex

[IFX Gertrude]

South Korea Has $7.62 Billion Current Account Surplus



South Korea had an unadjusted current account surplus of $7.62 billion in September, the Bank of Korea said on Wednesday. That follows the downwardly revised $7.20 billion surplus in August (originally $7.60 billion). The goods account surplus widened to $7.73 billion, from $7.37 billion in the previous month. The adjusted current account surplus was $5.20 billion in September.

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[IFX Gertrude]

South Korea Industrial Production Adds 0.1% In September



Industrial production in South Korea was up a seasonally adjusted 0.1
percent on month in September, Statistics Korea said on Thursday. That
follows the downwardly revised 3.9 percent decline in August
(originally -3.8 percent). On a yearly basis, industrial production
climbed 1.9 percent following the 2.8 percent contraction in the
previous month. The index for all industry production fell 0.9 percent
on month but gained 1.8 percent on year.

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[IFX Gertrude]

Japan Unemployment Rate Rises To 3.6%



The unemployment rate in Japan came in at 3.6 percent in September, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and up from 3.5 percent in August. The job-to-applicant ratio was 1.09, missing forecasts for 1.10 - which would have been unchanged. The number of employed persons in September was 64.02 million, an increase of 430,000 or 0.7 percent on year. The number of unemployed persons in September was 2.33 million, a decrease of 250,000 or 9.7 percent on year. The participation rate was 59.9 percent.


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[IFX Gertrude]

Krw Trades at 7-Month Low Vs Usd on Boj Move



USD/KRW was changing hands at 1,075.10 to the dollar as of 9:30 a.m. Monday, down 6.60 won from the previous session's close, marking the lowest since the 1,079.40 won on Mar. 25.


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[IFX Gertrude]

Aud/usd Modestly Higher on mixed Bag of Aus Data



Retail sales came in at 1.2% m/n; forecast 0.4%; prior 0.1%
Trade deficit bln; forecast bln; prior 787mln
Exports +1.0%; prior -2.0%; Imports +6.0% - prior -3.0%
AUD/USD spikes from 0.8686 to session high of 0.8710 on release


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[IFX Gertrude]

Usd/sgd Risks Peak/through ahead of US Payrolls



Rise in PMI data, crosses seen supportive of SGD intraday Oct PMI rose to 51.9 from 50.5 last Stops eyed below 1.2880, but should attract fresh bids ahead of 1.2850 USD/SGD traded 1.2885-1.2912 range overnight, closed 1.2887-89 in NY


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[IFX Gertrude]

Australia Jobless Rate Unchanged At 6.2% In October



The unemployment rate in Australia came in at 6.2 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations. The Australian economy added 24,100 jobs in October - beating forecasts for a gain of 20,000 following the loss of 23,700 in September. The participation rate was 64.6 percent, also topping expectations for 64.5 percent - which would have been unchanged.


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[IFX Gertrude]

Lack of Resistance Suggests Bulls Should Remain Long for Now for Usd/jpy



Daily close above 115 round number shows bulls remain strong No significant resistance above 115 until 120 round number Hard to find low risk long entries - price far above MAs / recent highs Period of consolidation would be healthy - allow MAs to catch up

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[IFX Gertrude]

Australia Home Loans Fall 0.7% In September



The total number of home loans issued in Australia was down a seasonally adjusted 0.7 percent on month in September, the Australian Bureau of Statistics said on Monday - standing at 51,465. That missed expectations for a decline of 0.4 percent following the 0.9 percent drop in August. The total value of home loans advanced 1.4 percent on month to A$16.930 billion following the upwardly revised 1.9 percent decline a month earlier (originally -2.0 percent). Investment lending jumped 3.7 percent on month in September to A$11.940 billion. That follows the upwardly revised 0.7 percent increase in the previous month (originally -0.1 percent). The total value of dwelling finance commitments excluding alterations and additions rose 2.3 percent.

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[IFX Gertrude]

Usd/thb edged Higher O/n, Follows Fresh Spike in Usd Overseas



Pair to test last Friday's high at 32.92, 33.00 tgt on cards next Weak growth, dovish BOT adds to weak THB outlook USD/THB traded 32.75-32.83 range overnight, closed 32.80-32.82 in NY

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