Thread: Forex News from InstaForex

Pound Trades At 2-day High Against Swiss Franc



The pound continued to stay above the 1.45 level for the second straight session on Friday morning in Asia, rising to a 2-day high of 1.4506, up 0.13 percent from 1.4486 hit late New York Thursday.


If the pound-franc pair extends uptrend, likely resistance is seen around the 1.4590 area at which the 30-day simple moving average level is lying in daily time frames.

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Yen Falls Against Majors



The Japanese yen declined against other major currencies ahead of the European session on Monday.

The yen is worth 94.90 against the greenback, 126.54 against the euro, 148.98 against the pound, 102.73 against the franc, 93.50 against the loonie and 76.82 against the kiwi. Against the aussie, the yen dropped to 91.47 from an early 4-day high of 89.81.

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Singapore Dollar Declines To 1-week Low Against U.S. Dollar



The Singapore dollar weakened against the U.S. dollar in Asia on Tuesday.


The Singapore dollar that closed Monday's deals at 1.2550 to the dollar declined to 1.2610, its lowest level since June 11. The Singapore dollar may seek support around 1.27 level.

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Malaysian Ringgit Off Near 11-month Low Against U.S. Dollar



The Malaysian Ringgit wiped out its early losses against the U.S. dollar during Asian deals on Wednesday.


The Malaysian Ringgit that fell to near an 11-month low of 3.1690 against the greenback bounced off and is trading at Tuesday's close of 3.1560.


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Chinese Yuan Slightly Off 3-day Low Against U.S. Dollar



The Chinese yuan erased some of its early losses against the U.S. dollar in late Asian deals on Thursday.


The yuan is now trading at Wednesday's close of 6.1312 per dollar, bouncing off from its early 3-day low of 6.1347.


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Dollars, Euro and Sterling in Demand on Friday



The U.S. dollar, euro and sterling were all in demand on Friday as the prospect of an end to super-easy money from the Federal Reserve drove a mass migration out of emerging markets and into developed world assets.


Fears about the Federal Reserve buying fewer bonds later this year pummeled the U.S. bond market on Thursday, pushing benchmark yields to the highest levels since August 2011, with few signs of when the month-long rout will end.

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U.S. Dollar Climbs To 1-1/2-year High Against Canadian Dollar



The U.S. dollar spiked up against the Canadian dollar in Asia on Monday.


The greenback advanced to 1.0498 against the loonie, a level not seen since November 2011. On the upside, the greenback-loonie pair may break resistance around the 1.06 level.

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Gold Inches up As fED Officials Downplay Stimulus Wind-Down



Spot gold rose 0.2 percent to $1,283.55 an ounce by 0018 GMT. It fell around 1 percent on Monday, extending last week's 7 percent slide as fears of a cash crunch in China spooked investors, and a slide in U.S. equities prompted bullion selling to cover margin calls.

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Dollar Bulls Back in Play After Upbeat U.s. Data



The dollar index rose 0.4 percent to 82.680, having bounced off a low of 82.241 after data showed strong gains in business spending plans and a solid rise in house prices.


The U.S. dollar was back on the front foot in Asia on Wednesday after the latest batch of U.S. economic data supported the Federal Reserve's recovery view and lifted U.S. Treasury yields.

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Research: Outlook for Ils



Quotes from Barclays Capital:


-The growth and balance-of-payment fundamentals in Israel are solid but the central bank has already taken steps against appreciation (by intervening) and appears ready to take further steps if the ILS were to rise again. Inflation remains low in Israel and there are no clear restraints on central bank FX intervention, or the imposition of additional macro-prudential measures.

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