Thread: Forex News from InstaForex

Starbucks Shares Advance After Posting Higher Quarterly Revenue





Shares of Starbucks rose as much as 6%, before trading 0.9% higher at $52.30 in extended trading after posting quarterly results that beat estimates, easing concerns that the world's biggest coffee chain had fallen into a widespread restaurant slump.


The company reported adjusted earnings of 56 cents per share on $5.71 billion total revenue. Topped expectations of $5.68 billion revenue with 55 cents per-share earnings. In the same period during the previous year, Starbucks saw a $4.91 billion revenue and earned 43 cents per share.


Net income during the fourth quarter rose to $801 million or 54 cents per share, compared to the $625.5 million or 43 cents per share a year prior.


Despite the upbeat quarterly report, the coffee seller issued a cautious revenue guidance for the financial year of 2017. Starbucks projected net earnings of 50-51 cents per share during the first quarter which covers the holiday season, lower than expected profit of 55 cents per share.


News are provided byInstaForex.

Fxwirepro: Usd/jpy Jumps Above 104.00 Mark After Boj’s Meeting Minutes





USD/JPY is currently trading around 104.02 marks.
It made intraday high at 104.47 and low at 103.75 levels.
Intraday bias remains bullish till the time pair holds key support at 102.55 levels. A daily close above 104.16 will take the parity higher towards key resistances around 104.99, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 103.75 will drag the parity down towards key supports around 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
BOJ September meeting minutes: Some members said firms' cautious price-setting behaviour might continue for longer than expected.
BOJ minutes: Many members shared the view that QQE had lowered real interest rates by raising inflation expectations and pushing down nominal interest rates. BOJ minutes: One member said it was necessary to implement monetary policy that would raise inflation expectations.
BOJ minutes: One member said change in the yield curve after adoption of negative rates had been largely induced by temporary, somewhat speculative moves.
BOJ minutes: One member noted that achieving both an interest rate target and a quantitative target in the implementation of monetary policy was difficult.
Japan September overtime pay increases to -1.3 % vs previous -1.9 %.
In addition, Japan’s Average Cash Earnings rose to a seasonally adjusted 0.2%, from 0.0% in the preceding quarter whose figure was revised up from -0.1%.


News are provided byInstaForex.

Australia Business Confidence Ebbs In October - NAB





Business confidence in October remained positive in October, albeit at a slower pace, the latest survey from the National Australia Bank revealed on Tuesday with an index score of +4.


That's down from +6 in September, although it didn't slip into pessimism with a negative score.


Business conditions also slowed, coming in at +6 - down from +8 in the previous month.


News are provided byInstaForex.

Canadian Ford workers approve new contract –union





Canadian workers at Ford Motor Co agreed on a new four-year contract with the carmaker, the president of the Oakville, Ontario, local said on Sunday.


The workers approved the new contract despite some members' criticisms at Ford's Oakville assembly, stopping a strike, and after months of talks between the Unifor union and General Motors Co, Fiat Chrysler Automobiles and Ford.


News are provided byInstaForex.

Japan Has Y1.821 Trillion Current Account Surplus





Japan had a current account surplus of 1.821 trillion yen in September, the Ministry of Finance said on Wednesday - up 25.4 percent on year.


That was shy of expectations for 2.020 trillion yen and down from 2.000 trillion yen in August.


The trade surplus came in at 642.4 billion yen - shy or forecasts for 668.8 billion yen and up from 243.2 billion yen in the previous month.


Exports were down 8.3 percent on year to 5.838 trillion yen, while imports skidded 17.5 percent to 5.196 trillion yen.


News are provided byInstaForex.

Gold Lower Ahead of U.S. Presidential Vote Results





Gold prices edged down as the dollar and global equity markets strengthened while investors await the results of the contentious U.S. presidential election. Gold for December delivery was down 0.3 percent at $1,275.90 per troy ounce on the Comex division of the New York Mercantile Exchange.


Investors are broadly expecting a victory for Mrs. Clinton and also indicated that a market shock is expected if Donald Trump becomes president. Spot gold declined 0.3 percent to $1,277.16 per ounce. Analysts claim that a victory for Trump would produce more uncertainty in the market and could raise the appeal of gold as a hedge against risk. David Govett, the head of precious metals at Marex Spectron says that a Clinton victory means that gold may decline around $30 to the $1,250 per troy ounce area. However, if Trump wins it could prompt a raise in prices of nearly $100 per troy ounce.


In other precious metals, Silver climbed 0.8 percent to $18.35 per ounce. Platinum rose 0.1 percent at $1,001.75 and palladium was up 1.8 percent to $663.50.


News are provided byInstaForex.

Japan Core Machine Orders Tumble 3.3% In September





Core machine orders in Japan skidded 3.3 percent on month in September, the Cabinet Office said on Thursday - standing at 843.7 billion yen.


That missed expectations for a fall of 1.5 percent following the 2.2 percent decline in August.


On a yearly basis, core machine orders picked up 4.3 percent - also exceeding forecast for 4.1 percent following the 11.6 percent spike in the previous month.


The total number of machinery orders, including those volatile ones for ships and from electric power companies, fell 0.7 percent on month and gained 0.9 percent on year to 972.1 billion yen.


Manufacturing orders slid 5.0 percent on month and 1.5 percent on year to 335.5 billion yen in September, while non-manufacturing orders fell 0.9 percent on month and jumped 7.8 percent on year to 510.3 billion yen.


Government orders skidded 10.3 percent on month and 25.2 percent on year to 220.6 billion yen. Orders from overseas gained 1.4 percent on month and fell 16.7 percent on year to 785.0 billion yen. Orders from agencies added 5.6 percent on month and 7.6 percent on year to 121.4 billion yen.


For the third quarter of 2016, core machine orders were up 7.3 percent on quarter and 6.5 percent on year.


For the fourth quarter, core machine orders are forecast to have fallen 5.9 percent on quarter and gain 3.7 percent on year.


Also on Thursday, the Bank of Japan said that the M2 money stock in Japan was up 3.7 percent on year in October, coming in at 945.1 trillion yen.


That exceeded forecasts for 3.6 percent following the downwardly revised 3.5 percent increase in September (originally 3.6 percent).


The M3 money stock advanced an annual 3.2 percent versus forecasts for 3.1 percent after gaining a downwardly revised 3.0 percent in the previous month (originally 3.1 percent).


The L money stock added 1.9 percent to 1,656.0 trillion yen.


News are provided byInstaForex.

Clinton Delivers Concession Speech, Pledges to Work with Trump





Defeated candidate for U.S. president Hillary Clinton made her first appearance to the public after reportedly conceding to president-elect Donald Trump over the phone on Wednesday.


Speaking in New York, the Democrat candidate said she hoped Mr. Trump would be a triumphant president for all Americans, adding that Trump must be given an opportunity to lead. Clinton stated that the country was more deeply fractured than initially estimated and urged her supporters to respect the outcome of the election.


Despite telling her supporters that the loss was painful, she said that she has offered to work with Trump as he gets ready to start his four-year term on January 20.


The Republican is set to become the 45th U.S. president follows his stunning win over the highly-favoured Clinton. New Jersey Governor will lead Trump's transition team during the 10-week period until his inauguration.


In his conciliatory victory speech, Trump said his first priorities entails restoring the nation's infrastructure and stimulating its economic growth.


News are provided byInstaForex.

Japan Producer Prices Slip 0.1% In October





Producer prices in Japan were down 0.1 percent on month in October, the Bank of Japan said on Friday.


That was shy of expectations for a flat reading, which would have been unchanged from the September reading.


On a yearly basis, producer prices fell 2.7 percent versus forecasts for -2.6 percent following the 3.2 percent drop in the previous month.


Export prices were up 0.1 percent on month and down 0.7 percent on year, the bank said, while import prices gained 1.1 percent on month but dropped 4.7 percent on year.


News are provided byInstaForex.

Bitcoin ascends on Trump election win





Bitcoin leaped as investors sought refuge in the virtual currency following Donald Trump's monumental victory in the recent US presidential election.


Bitcoin prices climbed to $742.96 on Wednesday, up 4.6%, within striking distance of the $777 it touched before Brexit. The digital currency reached near its 35-month high against the British pound despite a global sell-off.


Bitcoin, often considered as one of the most perilous and volatile assets in the world, has been shaped by its erratic movement. In 2013, the cryptocurrency's price surged from less than $10 to more than $1,000. However, its value plummeted prior to a downfall of Mt. Gox after a cyber attack where several users lose thousands.


But growing confidence in bitcoin and global skepticism about other assets have seen its value almost double since the beginning of the year.


News are provided byInstaForex.