Forex news from InstaForex

[IFX Kerstin]

NZ Dollar Advances To 5-day High Versus Euro

During early Asian deals on Wednesday, the New Zealand dollar traded higher against its major counterparts after the releasing of Q2 current account balance data.

The Statistics New Zealand reported that New Zealand saw an unadjusted current account deficit of NZ$1.797 billion in the second quarter of 2012.

That missed expectations for a shortfall of NZ$1.620 billion following the upwardly revised deficit of NZ$1.072 billion in the first quarter.

At 7:25 pm ET, the kiwi climbed to a 5-day high of 1.5757 versus the euro, compared to yesterday's closing value of 1.5779.

The NZ unit also edged up against the US dollar and the Japanese yen in early trading and as of now worth 0.8285 and 65.30, respectively.

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[IFX Kerstin]

New Zealand Dollar Trades Higher Amid GDP Data

In the early Asian session on Thursday, the New Zealand dollar reversed its direction and traded higher against other major currencies following the release of nation's better-than-expected gross domestic product report for the second quarter.

Statistics NZ reported that New Zealand's economy expanded 0.6 percent in the second quarter of 2012 compared to the previous three months. That beat forecasts for an increase of 0.4 percent following the downwardly revised 1.0 percent expansion in the first quarter (originally 1.1 percent).

On a yearly basis, GDP jumped 2.6 percent, also beating estimates for an increase of 2.4 percent, which would have been unchanged from the previous three months.

The kiwi advanced to 0.8305 against the U.S. dollar, its strongest level since September 17. This may be compared to an early 2-day low of 0.8254. If the kiwi rises further, it may target 0.835 level. The kiwi-greenback pair closed yesterday's deals at 0.8270.

Against the Australian currency, the kiwi advanced to 1.2612, reversing from a 3-day low of 1.2703. The next resistance level for the kiwi is seen at 1.26. The pair closed Wednesday's deals at 1.2682.

The kiwi that rose to 1.5728 against the euro from a 2-day low of 1.5819 held steady thereafter. The next upside target level for the kiwi is seen at 1.565. At Wednesday's close, the pair traded at 1.5789.

The kiwi that bounced back from a 6-day low of 64.70 against the yen edged up to 65.12 before moving sideways thereafter. The kiwi ended yesterday's deals at 64.83 versus the yen.

Japan saw a merchandise trade deficit of 754.127 billion yen in August, the Ministry of Finance said today.

That beat forecasts for a shortfall of 829.3 billion yen following the downwardly revised deficit of 518.9 billion yen in July (originally 517.382 billion yen).

Looking ahead, Bank of Japan's monthly economic report is due at 1:00 am ET.

German producer prices, U.K. retail sales and Swiss trade data -all for August, PMI's from major European economies and Switzerland's second quarter industrial production are expected in the New York morning session.

From the U.S., weekly jobless claims for the week ended September 15 and leading indicators for August are expected in the American morning session.

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[halimsep]

Managed forex accounts are becoming increasingly popular with investors seeking to diversify thir portfolios and particularly for those who have neither the time or prehaps expertise to trade there own account.

[IFX Kerstin]

Japan Resident Sold Net Y289.4 Billion In Foreign Stocks Last Week

Japanese investors sold a net 289.4 billion yen in foreign stocks in the week ended September 15, the Ministry of Finance said on Friday.

Japanese residents also purchased a net 64.4 billion yen in bonds and notes last week.

Foreign investors bought a net 60.4 billion in Japanese stocks last week, the data showed, and they also purchased a net 521.7 billion yen in Japanese bonds and notes.

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[hmidaanas]

The trade surplus increased to EUR 15.0 billion from EUR 10.8 billion in April.
The surplus stayed well above the consensus forecast of EUR 12.3 billion.

[hmidaanas]

The European currency also fell to as low as 1.3915 against the loonie with 1.39 seen as the next downside target level.
The euro-loonie pair closed Thursday's trading at 1.3941.

[sajib45]

The euro declined against its most major counterparts in the early Asian session on Wednesday on worries over Eurozone debt crisis.
The talks held by the Eurozone finance ministers failed to reach a consensus regarding second bailout for Greece.The euro is now trading at 1.2022 against the franc and 1.4145 against the greenback, compared to yesterday's close of 1.2040 and 1.4205, respectively. If the euro weakens further, it may find target at 1.20 against the franc and 1.41 against the greenback.
Against the pound and the yen, the euro is now quoted at 0.8778 and 114.06, respectively. The next downside target levels for the euro are seen at 0.8793 against the pound and 113.00 versus the yen. At yesterday's close, the euro was worth 0.875 against the pound and 114.56 versus the yen.
Japanese total cash earnings decreased for the second straight month in April, final data published by the Ministry of Health, Labor and Welfare showed. Total labor cash earnings fell by 1.4 percent year-on-year in April.
The European currency also fell to as low as 1.3914 against the loonie with 1.38 seen as the next downside target level. The euro-loonie pair closed Thursday's trading at 1.3941.
Looking ahead to the European session, Eurozone trade data for April is due for release.
Canada's wholesale sales data for April, preliminary figures of university of Michigan confidence for June from U.S are expected in the New York session.

[IFX Kerstin]

U.S. Dollar Spikes Up Against European Majors

The U.S. dollar firmed against its European major counterparts during the early Asian session on Monday.

The greenback is trading at 0.9362 versus the franc, its highest level since September 13.

The greenback also approached 4-day highs of 1.2936 against the euro and 1.6207 against its British unit.

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[mamun009]

I have requested for fund withdraw

[IFX Kerstin]

Yen Mixed Versus Majors After Japan's Corporate Service Price Report

The Japanese yen showed mixed trading against major opponent after the releasing of Japan's corporate service price report for the month of August in early Asian deals on Tuesday. The yen held steady against the dollar, while edged down versus the major European currencies.

As of now, the yen is trading near 77.88 against the US dollar, 100.80 versus the euro, 83.34 against the Swiss franc and 126.40 versus the poundnit.

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