Thread: Forex News from InstaForex

Usd/krw marked Lower in Opening Trades Below 1085



Next line of support is the 17 December 2014 low at 1080.7
JPY/KRW as a consequence down to 9.15; JPY strength simply not enough
Broad although modest US Dollar weakness this morning - DXY down 0.2%
Kospi not keen to follow the Wall Street lead - down just 0.2% early

News are provided by InstaForex.

Japan Has Y433.0 Billion Current Account Surplus



Japan posted a current account surplus of 433.0 billion yen in November, the Ministry of Finance said on Tuesday. That beat expectations for a surplus of 139.5 billion yen following the 833.4 billion yen surplus in October. The trade balance showed a deficit of 636.8 billion yen versus forecasts for a shortfall of 734.0 billion yen following the 766.6 billion yen deficit in the previous month. Imports were up 2.2 percent on year to 6.959 trillion yen, slowing from the 7.4 percent jump a month earlier. Exports climbed an annual 10.8 percent to 6.322 trillion yen, easing from the 11.2 percent spike in October. The data also showed that the capital account balance reflected a deficit of 6.6 billion yen after showing a 13.9 billion yen shortfall in October. The financial account had a surplus of 506.4 billion yen - down sharply from the 1,207.7 billion yen surplus in the previous month. The adjusted current account surplus came in at 914.5 billion - beating expectations for 69295billion yen and down from 947.0 billion yen a month earlier. Also on Tuesday, the Bank of Japan said that bank lending in Japan was up 2.7 percent on year in December, coming in at 422.604 trillion yen. That was in line with expectations and down from the 2.8 percent gain in November. Including trusts, bank lending added an annual 2.6 percent to 485.945 trillion yen, also matching expectations and down from 2.7 percent in the previous month. Lending from trusts gained 1.6 percent on year to 63.340 trillion yen after adding a revised 1.5 percent a month earlier.


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Japan M2 Money Stock Gains 3.6% In December



The M2 money stock in Japan climbed 3.6 percent on year in December, the Bank of Japan said on Wednesday - worth 893.9 trillion yen. That was in line with expectations and unchanged from November. The M3 money stock gained an annual 2.9 percent to 1,209.1 trillion yen - unchanged from the previous month but missing forecasts for 3.0 percent. The L money stock gained 3.5 percent to 1,589.2 trillion yen following the 3.4 percent jump a month earlier. For the third quarter and for all of 2014, M2 added 3.4 percent, M3 gained 2.8 percent and L advanced 3.4 percent.


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Japan Producer Prices Ease 0.4% In December



An index measuring producer prices in Japan was down 0.4 percent on month in December, the Bank of Japan said on Thursday, showing a score of 104.8. That missed forecasts for a decline of 0.3 percent, which would have been unchanged from the November reading following a downward revision from -0.2 percent. On a yearly basis, prices added 1.9 percent - also missing expectations for 2.1 perent and down from the downwardly revised2.6 percent gain in the previous month (originally -2.7 percent). Export prices were down 0.7 percent on month and 2.7 percent on year, the data showed, while import prices fell 3.2 percent in month and 9.0 percent on year.

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Japan November Tertiary Industry Index Adds 0.2%



An index measuring tertiary industrial activity in Japan was up a seasonally adjusted 0.2 percent on month in November, the Ministry of Economy, Trade and Industry said on Friday, coming in at 99.2. That was in line with expectations following the 0.2 percent decline in October. Industries that contributed to the increase included finance, personal services, accommodations, communications, real estate, health care and utilities. Industries that declined included retail trade, scientific research, transportation, compound services and learning support.

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Gold at 4-Month High on Monday on Safe-Haven Metal Demand



Spot gold was firm at $1,278.21 an ounce by 0046 GMT, near a four-month high of $1,281.50 reached on Friday. The metal gained nearly 5 percent last week after Switzerland unexpectedly abandoned a cap on the franc. Dealers assumed that the Swiss National Bank had moved with the knowledge that the European Central Bank would take the plunge into full scale quantitative easing at its policy meeting on Jan. 22. The euro flirted with 11-year lows early on Monday as investors braced for the ECB to take its boldest steps yet to combat deflation and revive the euro zone economy.

News are provided by InstaForex

I think Gold has seen too much decline in the past year and Gold deserve better than this situation, so the year has seen some decent spike in the price already and traders can expect something good in days to come because Oil is plunging and focus is shifted to the Gold as safe heaven and It will go up.

U.S. Dollar Rises Against Majors



The U.S. dollar strengthened against the other major currencies in the Asian session on Tuesday. The greenback rose to near a 2-week high of 1.5056 against the pound, a 1-week high of 118.30 against the yen and a 5-day high of 0.8797 against the Swiss franc, from yesterday's closing quotes of 1.5109, 117.53 and 0.8786, respectively. Moving away from an early 5-day low of 1.1931 against the Canadian dollar, the greenback edged up to 1.1971. Against the euro, the greenback edged up to 1.1572 from yesterday's closing value of 1.1600. If the greenback extends its uptrend, it is likely to find resistance around 1.49 against the pound, 120.08 against the yen, 1.02 against the Swiss franc, 1.20 against the loonie and 1.14 against the euro.

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Australia Consumer Confidence Rebounds In January



Consumer confidence in Australia bounced back in January, the latest sentiment index from Westpac Bank showed on Wednesday - rising a seasonally adjusted 2.4 percent to a score of 93.2. That follows the 5.7 percent plunge to 91.1 in December. The six-month index average remains at its lowest level since July 2009. In the release, the bank noted that the better than expected December employment numbers gave the index a boost, while declining oil prices also were a factor. That said, the bank still expects a rate cut from the Reserve Bank of Australia next month.

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Gold slips from $1,300 on Profit-Taking ahead of Ecb



Spot gold fell 0.2 percent to $1,291 an ounce by 0027 GMT. The metal reached $1,305, its highest since August, on Wednesday. After a quick climb of about 9 percent this month, traders are adjusting positions ahead of the ECB policy meet. The metal has rallied on safe-haven bids from political and economic uncertainties in Europe, along with concerns over the health of the global economy. The ECB is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation.

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