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Post by instaforexgertrude on Dec 3, 2014 0:12:12 GMT -5
Russia Forecasts a Recession in 2015, Signaling a Toll from Sanctions and Oil Prices - Nyt
The Ministry of Economic Development, which publishes the government's economic outlook, on Tuesday revised its forecast for 2015 to show a contraction of 0.8 percent, compared with a previous projection of 1.2 percent growth. The combination of sanctions and plummeting oil prices is catching up with Russia's economy, wobbly in the best of times because of its heavy reliance on commodity exports. In the face of the weakness, the ruble has been in a free fall, driven by Russians' fears of economic isolation and their eagerness to change rubles into dollars or euros to move wealth out of the country. The ruble opened at 52 to the dollar and slipped to around 53 in trading on Tuesday. So far this year, the ruble has fallen more than 40 percent against the dollar.
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Post by instaforexgertrude on Dec 3, 2014 21:59:09 GMT -5
Aud/usd Higher After Better Aus Retail Sales Data
Aus Retail Sales has surprised to the upside and pushedAUD/USD above 0.8420 Hourly resistance is at 0.8430 with break targeting 0.8470 Aus trade numbers also came in a bit better and the market is short
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Post by instaforexgertrude on Dec 4, 2014 22:00:49 GMT -5
Usd/myr to Open Around 3.4500
Pair could test at 3.4570, 2010 high on the cards USD/MYR implieds shot up to 3.4660 overnight, as oil prices extend fall 1 month NDFs soared to 3.4760 high, closed at 3.4605-25 in NY USD/MYR to open around 3.4500, expect more from BNM to check volatility
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Post by instaforexgertrude on Dec 8, 2014 23:35:01 GMT -5
Gold slips As Strong Dollar, Weak Oil Dulling Gold Appeal As a Hedge
Spot gold had slipped 0.2 percent to $1,200.26 an ounce by 0036 GMT. Gold jumped more than 1 percent on Monday on a brief surge of late-day technical buying as it breached the $1,200-per-ounce level long after the U.S. dollar dropped from a more than five-year high. But the dollar recovered on Tuesday and was higher against a basket of major currencies. Strong US data and higher rates could provide a further boost to the dollar and hurt non-interest-bearing bullion.
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Post by instaforexgertrude on Dec 9, 2014 21:21:48 GMT -5
Usd/cny Trades to Remain Choppy, Bullish Bias Intact[/B]
Plunge in stock markets, liquidity probably on govt's new bond rules dominate Expect the repo and bond yield curves to continue higher PBOC likely to keep fix low, in line with lower dollars overnight USD/CNY and USD/CNH risks further squeeze above 3.20 Nov CPI and PPI eyed, exp 1.6%y/y and -2.4%y/y respectively
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Post by instaforexgertrude on Dec 10, 2014 22:02:46 GMT -5
Usd/idr Firm Above 12300
Protests for min wage increase ongoing in Jakarta, peaceful so far Risk fall, global stocks dump, strong corporate year-end USD demand pressure IDR USD/IDR to move back above 12350, resistance zone between 12380-12400 NDFs traded 12420-12445 overnight, closed at 12435-12450 in NY No change in BI policy rates expected, currently at 7.75%
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Post by instaforexgertrude on Dec 11, 2014 23:26:44 GMT -5
Abe Looks Set to Reaffirm His Authority
Japan's lower house election takes place on 14 December, just two years after Prime Minister Shinzo Abe took office in December 2012. Standard Chartered Research predicts: We expect the ruling coalition to hold its super-majority in the lower house election Budget compilation and reforms will be the next focus for the new government If the ruling party loses the election, there will be considerable uncertainty ahead
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Post by instaforexgertrude on Dec 14, 2014 22:14:55 GMT -5
New Zealand Services Sector Slows In November
The services sector in New Zealand continued to expand in November, albeit at a slower pace, the latest survey from Business NZ revealed on Monday with a PMI of 54.8. That's down from 57.0 in October, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. By region, the index for the Northern region came in at 55.5, while the Central region was at 57.1, Canterbury was at 56.8 and Otago came in at 65.3.
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Post by instaforexgertrude on Dec 16, 2014 0:21:33 GMT -5
Aud/usd Little changed After Rba Minutes Similar to Statement
RBA acknowledged market expectations of easing in 2015 But gave no indication they agree with those expectations View that lower AUD needed to balance economy same as statement Market will look ahead to HSBC Flash China PMI at 01:45 GMT
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Post by instaforexgertrude on Dec 16, 2014 20:50:48 GMT -5
Japan Has Y891.859B Trade Deficit
Japan posted a merchandise trade deficit of 891.859 billion yen in November, the Ministry of Finance said on Wednesday - remaining in the red for the 29th consecutive month. The headline figure beat forecasts for a shortfall of 992.0 billion following the downwardly revised 736.9 billion yen deficit in October (originally 709.995 billion yen). Exports were up 4.9 percent to 6.188 trillion yen - well shy of forecasts for a gain of 7.0 percent and slowing from 9.6 percent in the previous month. Exports to all of Asia were up 5.8 percent on year, while exports to China added an annual 0.9 percent. Exports to the United States gained 6.8 percent on year, while exports to the European Union fell an annual 1.3 percent. Imports dipped 1.7 percent on year to 7.080 trillion yen versus forecasts for an increase of 1.7 percent following the upwardly revised 3.1 percent gain a month earlier (originally 2.7 percent). Imports from all of Asia climbed 3.4 percent on year, while imports from China alone advanced an annual 3.9 percent. Imports from the United States tumbled 3.3 percent, while imports from the European Union collected 2.4 percent. The adjusted merchandise trade balance was a deficit of 925.0 billion yen, which beat forecasts for a shortfall of 982.8 billion yen following the revised 985.1 billion yen deficit in October (originally -977.5 billion yen).
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Post by instaforexgertrude on Dec 17, 2014 23:20:51 GMT -5
Boj Unlikely to Move at Its Last Policy Meeting of 2014
The Bank of Japan (BoJ) will hold its final monetary policy meeting of 2014 on 18-19 December. Standard Chartered Research notes it does not expect any change in their policy in near term: We expect no policy change, with the BoJ likely to keep its annual asset purchase target at JPY 80tn. The board is also likely to keep its economic assessment unchanged, saying that the economy continues to recover moderately. The BoJ unexpectedly expanded its monetary easing programme on 31 October in order to pre-empt the return of a deflationary mindset. However, the decision was made by a 5-4 vote. While Governor Kuroda and his two deputies have firmly maintained that the 2% inflation target can be achieved "around" FY15 (year starting in April 2015), some board members have expressed different views.
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Post by instaforexgertrude on Dec 18, 2014 21:39:18 GMT -5
Flows Suggest Short-Term Jpy-Krw Rebound
Standard Chartered TF analysis shows bullish flow signal for MYR and KRW suggesting JPY-KRW rebound: G10: Corporates turned small sellers of USD vs. EUR in November; custodians reduced USD-JPY buying Asia: SCTF Aggregate Position Index shows that our clients reduced shorts in USD-KRW and USD-TWD Africa: SCTF Corporate Position Index shows that our clients increased USD-NGN longs
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Post by instaforexgertrude on Dec 21, 2014 21:34:26 GMT -5
Usd/idr Likely Rangebound Amid 12430-480
Lower NDFs to weigh on pair but bullish majors pairs to underpin Natural demand for USD onshore, corp int add to support too NDFs traded 12525-12540 range overnight, closed 12520-550 in NY
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Post by instaforexgertrude on Dec 22, 2014 21:40:57 GMT -5
Usd/idr to Trade Firmer Bias Above 12450 on renewed Ndfs Buying
Broad USD gains overnight, renewed fall in commodities underpin Unfinished yearend demand from corps to add to support 1 month traded 12530-12560 range overnight, closed 12550-12570 in NY
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Post by instaforexgertrude on Jan 4, 2015 23:17:30 GMT -5
Euro Area: Further Evidence of Low Inflation
In terms of data, this week will provide further evidence of our lowflation scenario, notes Societe Generale Research: With lower fuel prices, HICP inflation is set to print three ticks lower at just 0.0% yoy. Risks are tilted to the downside and the HICP is set to slide into negative territory in the coming months. Meanwhile, core inflation should marginally increase from 0.7% yoy to 0.8% yoy. Despite the positives arising from the lower euro and weaker oil prices, PMIs and the EC surveys should continue to point to low growth and inflation. December final euro-area PMIs are likely to be unchanged from the flash estimate in the services sector, with meaningful improvements expected both in Spain and Italy. Industrial production in November is set to continue to reflect a weak and uneven recovery across the region, with German output probably down by 0.4% momand French output probably rising by 0.7% mom.
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