Thread: Forex News from InstaForex

Australia New Motor Vehicle Sales Dip 0.3%



The total number of new motor vehicle sales in Australia was down a seasonally adjusted 0.3 percent on month in March, the Australian Bureau of Statistics said on Thursday, coming in at 92,168.
That follows the 0.1 percent increase in February.
By category, sales of passenger and other vehicles decreased 3.2 percent and 0.9 percent, respectively, while sales of sports utility vehicles climbed 4.9 percent.
By region, the Northern Territory recorded the largest percentage decrease (3.0 percent) followed by Tasmania (2.7 percent) and the Australian Capital Territory (2.1 percent).
On a yearly basis, new car sales were down 2.8 percent after falling 3.5 percent in the previous month.


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NZ Dollar Drops Against Majors



Reversing direction, the New Zealand dollar slipped against other major currencies in Asian deals on Monday.
The kiwi fell to 0.8557 against the greenback, its lowest since April 4. This may be compared to an early 4-day high of 0.8600.
Pulling away from an early 4-day high of 1.6056 against the euro, the kiwi slipped to near a 3-week low of 1.6133.
The kiwi has come off from an early high of 1.0849 against the aussie, declining to a 4-day low of 1.0891.
The kiwi fell back slightly against the yen and was trading around 87.87, compared to an early 4-day high of 88.13.
If the kiwi extends decline, it is likely to seek downside target around 0.85 against the greenback, 1.62 against the euro, 1.095 against the aussie and 87.00 against the yen.

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Australia Leading Index Rises 0.3% In February - Conference Board



A leading economic index for Australia was up 0.3 percent on month in February, the Conference Board said on Tuesday - rising for the 17th consecutive month.
That follows the 0.2 percent gain in January.
The coincident index climbed 0.4 percent in February following the 0.2 percent increase in the previous month.


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New Zealand Credit Card Spending Jumps 1.3%




Total credit card spending in New Zealand was up a seasonally adjusted 1.3 percent on month in March, the Reserve Bank of New Zealand said on Wednesday - coming in at NZ$3.062 billion.
That was up sharply from the upwardly revised 0.4 percent increase in February )(originally 0.3 percent).
On a yearly basis, total credit card spending surged 8.1 percent - up from the upwardly revised 6.0 percent in the previous month (originally 5.9 percent).


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Japan Retail Sales Spike 11.0% On Year In March


Retail sales in Japan surged 11.0 percent on year in March, the Ministry of Economy, Trade and Industry said on Monday, worth 13.731 trillion yen.
That was in line with forecasts following the 3.6 percent gain in February.
Sales from large retailers surged an annual 16.1 percent - topping expectations for 13.8 percent following the 1.3 percent increase in the previous month.
On a seasonally adjusted monthly basis, retail sales climbed 6.3 percent - beating forecasts for 6.0 percent and up sharply from 0.3 percent a month prior.


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South Korea Current Account Surplus $7.35 Billion


South Korea saw an unadjusted current account surplus of $7.35 billion in March, the Bank of Korea said on Tuesday.That's up from the $4.52 billion surplus on February and the $3.61 billion surplus in January.
The financial account recorded a net outflow of 5.78 billion dollars, down from 6.92 billion dollars the previous month.
Seasonally adjusted, the current account surplus was $6.65 billion - down from $7.57 billion in February.


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Yen Advances Against Majors



The Japanese yen climbed against other major currencies in early Asian deals on Wednesday.
The yen rose to 172.39 against the pound, 115.96 against the franc, 102.49 against the greenback and 93.59 against the loonie.
The yen climbed to a 2-day high of 141.52 versus the euro, compared to yesterday's closing quote of 141.59.
If the yen extends gain, it is likely to face resistance around 101.00 against the greenback, 115.00 against the franc, 140.00 against the euro, 171.5 against the pound and 92.00 against the loonie.


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China Manufacturing PMI 48.1 In April - HSBC



China's manufacturing sector continued to contract in April, the latest survey from HSBC and Markit Economics revealed on Monday - with a final purchasing managers' index score of 48.1.
That was down from last month's flash estimate of 48.3, although it was up from the final March reading of 48.0.
A reading above 50 signals expansion in a sector, while a score below means contraction.
In all, the index shows that China's manufacturing sector has been in contraction for four straight months.
Among the individual components of the survey, output and new orders contract at slower rates, while staff numbers were cut for the sixth month in a row. There was also a solid reduction in both input and output prices.

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NZ Dollar Climbs Against Majors



The New Zealand dollar drifted higher against other major currencies in Asian deals on Tuesday. The kiwi strengthened to 0.8705 against the greenback for the first time since April 11. The kiwi advanced to near a 4-week high of 88.90 against yen and a 3-week high of 1.5937 against the euro. The kiwi spiked up to 1.0670 against the aussie, a level not seen since April 1. The next possible upside target for the kiwi is seen around 0.879 against the greenback, 89.5 against the yen, 1.58 against the euro and 1.06 against the aussie

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Australia Retail Sales Add 0.1% In March



Total retail sales in Australia were up a seasonally adjusted 0.1 percent on month in March, the Australian Bureau of Statistics said on Wednesday - coming in at A$23.149 billion. That was shy of forecasts for a gain of 0.4 percent following the upwardly revised gain of 0.3 percent in February (originally 0.2 percent). For the first quarter of 2014, retail sales climbed 1.2 percent on quarter to A$67.519 billion - in line with expectations, but missing forecasts for 1.6 percent after gaining 1.1 percent in the three months prior.

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