Thread: Forex News from InstaForex

Chart Focus: Dxy-Major 81.65/70 Support a Base at Present



Opens little changed - early JPY led profit taking dip short lived
Inside day - consolidates Mon's losses above 81.70, 50% of Aug/Sep rise
Momentum studies edge lower - ma's cresting - Bolli's positive
Conflicting signals usually result in choppy range trading
200 & 20 dma's & 81.67/70 & offshore 81.98 high initial sup/res

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Research: Eu Rates Review



Quotes from Societe Generale Cross Asset Research:
-EU: 10y swaps at 2.29% trading in a tight 4 bps range in Asia. Pipeline issuance for swaps seem to be touch slower with sovereigns competing for investors cash this week. The 2y10y spread crosses 180bps barrier, steepest since Jan 2012.


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German Manufacturing Employment Rises In July



Germany's manufacturing employment increased in July from a year earlier, data from the Federal Statistical Office showed Monday.
The number of employees increased 0.5 percent year-on-year to 5.3 million. The greatest number of additions were reported by the automobile manufacturing industry, data showed.
The number of paid working hours increased 3.2 percent annually to 704 million hours. Employee earnings rose 4.9 percent year-on-year.

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Indian Rupee Slides To 4-day Low Against U.S. Dollar



The Indian rupee drifted lower against the U.S. dollar in early deals on Tuesday.
The rupee reached a 4-day low of 63.5160 against the greenback, compared to Monday's close of 63.2960. The rupee may probably face support around the 65.3 level.

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Research: Short-Term Outlook for Inr



Quotes from Standard Chartered:
-We have a short-term Neutral FX rating on the INR. The crucial FOMC outcome may lead to considerable US dollar volatility ahead of this. Also, in his 4 September speech, Governor Rajan mentioned the possibility of further FX stabilisation measures being announced at the monetary policy meeting. The absence of such measures could dent the INR optimism that has been visible since his appointment.

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Swiss Franc Advances To 1-week High Against Pound



The Swiss franc gained ground against the British pound in Asian deals on Thursday.
The franc reached a weekly high of 1.4697 versus the pound, compared to Wednesday's close of 1.4725. The next upside target for the franc is seen around the 1.46 level.

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Options- Market Snapshot-Opening Comments



Quiet day in Asia as spot markets consolidate post FOMC moves Volumes have found support after initial post FOMC sell off to long term lows
JPY related volumes saw decent demand from lows on topside covering

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Taiwan's Unemployment Rate Edges Up In August

Unemployment rate in Taiwan increased marginally in August, data from the Director-General of Budget, Accounting and Statistics showed Monday. The seasonally adjusted jobless rate rose to 4.19 percent in August from 4.18 percent in July. Economists had forecast an unemployment rate of 4.2 percent. The unadjusted rate was 4.33 percent, up from 4.25 percent in July. The number of unemployed persons in the country rose to 497,000 from 487,000 in the preceding month. The number of employed persons also increased slightly, to 11 million from 10.98 million in July.

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Singapore Dollar Slightly Off 6-day Low Against U.S. Dollar



The Singapore dollar has come off slightly from early low against the U.S. dollar in Asian deals on Tuesday.
The Singapore dollar is now worth 1.2528 against the greenback, up from early 6-day low of 1.2542. The pair ended deals at 1.2499 on Monday.

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Malaysian Ringgit At 6-day Low Against U.S. Dollar



The Malaysian Ringgit weakened against the U.S. dollar in Asia on Wednesday.
The ringgit that closed yesterday's deals at 3.2160 against the greenback fell to 3.2333, marking a 6-day low. On the downside, the ringgit may find support at the 3.24 level.

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