Forex News from InstaForex

[IFX Gertrude]

Usd/php Likely to Test 45.0, if Bsp Do Not Hinder



Bullish USD theme stays supp; rally may extend to 45.10 Pair capped by good exports number, stocks rally yesterday NDFs traded 44.95-45.01 range overnight, ended 44.92-44.97 in NY

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[IFX Gertrude]

Japan September Core Machine Orders Climb 2.9%



Core machine orders in Japan jumped 2.9 percent on month in September, the Cabinet Office said on Thursday - worth 831.6 billion yen. The headline figure topped forecasts for a decline of 1.0 percent but down from the 4.7 percent increase in August. On a yearly basis, core machine orders jumped 7.3 percent - also blowing away forecasts for a decline of 0.3 percent following the 3.3 percent jump in the previous month. The total number of machinery orders, including those volatile ones for ships and from electric power companies, jumped 8.0 percent on month but fell 2.4 percent on year Manufacturing orders climbed 12.0 percent on month and 13.4 percent on year to 363.7 billion yen in September, while non-manufacturing orders added 1.7 percent on month and 3.5 percent on year to 478.3 billion yen. Government orders surged 21.0 percent on month but plummeted 28.5 percent on year to 256.5 billion yen. Orders from overseas lost 9.4 percent on month and 4.7 percent on year to 955.2 billion yen. Orders from agencies added 2.5 percent on month and 10.0 percent on year to 105.3 billion yen. For the third quarter of 2014, core machine orders advanced 5.6 percent on quarter and 2.4 percent on year to 2,411.0 billion yen. Total machine orders dropped 14.9 percent on quarter and added 0.7 percent on year to 6,678.5 billion yen. For the fourth quarter of 2014, core machine orders are forecast to have fallen 0.3 percent on quarter and added 1.6 percent on year to 2,404.9 billion yen. Also on Thursday, the Bank of Japan said that its index measuring domestic corporate service prices in Japan was down 0.8 percent on month in October, standing at 105.5. That missed forecasts for a decline of 0.4 percent following the upwardly revised flat reading in September (originally -0.1 percent). On a yearly basis, prices advanced 2.9 percent - also below expectations for an increase of 3.3 percent following the 3.6 percent gain in the previous month. Export prices were down 0.6 percent on month and 1.7 percent on year, the data showed, while import prices tumbled 1.6 percent on month and 2.8 percent on year.

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[IFX Gertrude]

Usd/jpy in Holding Pattern Near 116.11 Recent Trend High



Offers still from ahead of 116.00 to 116.15, stops above, more 116.50+. Japanese exporters, profit-takers in offer mix. Dip overnight to 115.31, New York takes it back up, Japanese in bid mix. Japanese importers, investors, a number of speculators still take buy-dip strategies

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[IFX Gertrude]

Cft: Usd Speculators' Positions Still at Highs



Speculators' position composition shifts slightly but net USD longs stays at high
EUR shorts pared from -179k to -164k but made up for in JPY and GBP
JPY shorts (-82k) only a little more than half the level from December 13
Either speculators missed trade completely or the conviction not as strong as hype

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[IFX Gertrude]

Japan GDP Tumbles 1.6% In Q3



Japan's gross domestic product unexpectedly contracted 1.6 percent on year in the third quarter of 2014, the Cabinet Office said in Monday's preliminary reading. That was well shy of forecasts for an increase of 2.2 percent following the downwardly revised contraction of 7.3 percent in the second quarter (originally -7.1 percent). On a quarterly basis, GDP slid 0.4 percent versus forecasts for an increase of 0.5 percent following the downwardly revised 1.9 percent contraction in Q2 (originally -1.8 percent). Nominal GDP tumbled 0.8 percent on quarter, missing forecasts for a gain of 0.4 percent following the upwardly revised 0.1 percent decline in the second quarter (originally -0.2 percent).

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[IFX Gertrude]

Jpmorgan: US Trade Crowded, Buy Europe



Mislav Matejka JPMorgan global equity strategist at CNBC:

It's time to start buying Europe.

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[IFX Gertrude]

Usd/jpy Bias Up, Mega Option Expiries Today



Quite a bit of optionality nearby including barriers and expirations. 116.50 (672 mln), mega-117.00/117.50 (1.137/1.213 bln) vanillas to go off. Barriers also tipped at 117.50, 118.00 above, stops large above. USD/JPY bias up but expiries today look to help slow any further push up. Large 117.00 (690), 117.50 (685) and 118.00 (960) strikes expire tom too.

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[IFX Gertrude]

New Zealand Capital Goods Prices Add 0.5% In Q3



The price of purchasing new capital items rose 0.5 percent in the third quarter of 2014, Statistics New Zealand said on Thursday. Four of six asset groups measured by the capital goods price index rose. The major upward contributions to the CGPI came from higher prices for residential buildings (up 1.0 percent) and non-residential buildings (up 0.8 percent). The gains were offset by a fall in transport equipment prices (down 0.6 percent). On a yearly basis, the CGPI climbed 2.3 percent. The increases for residential buildings (up 4.7 percent) and non-residential buildings (up 4.1 percent) were the main contributors to the change.

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[IFX Gertrude]

Usd/myr may Trade 3.35-3.36



Agent fears, profit taking in USD/JPY to pressure pair Exports worries - depressed oil/commodities underpin NDFs traded 3.3705-3.3810 range overnight, closed 3.3705-3.3735 in NY

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[IFX Gertrude]

China Securities Times: China Researcher Suggests Interest Rate Cut Next Year



China Securities Times (via Bloomberg):

China researcher suggests interest rate cut next year

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