Forex News (from InstaForex) - page 59
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Yen Ticks Down After Bank Of Japan Monetary Policy Decision
As expected, the Bank of Japan maintained its monetary easing program unchanged in the Asian session on Tuesday. Following the announcement, the yen inched down against other major currencies. The yen was trading at 102.93 against the greenback, 141.46 against the euro, 115.94 against the franc and 171.01 against the pound around 11:01 pm ET.
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NZ Dollar Strengthens Against Most Majors
The New Zealand dollar drifted higher against most major rivals in early Asian deals on Wednesday.
The kiwi spiked up to 1.5835 against the euro, a level not seen since March 28. Against the greenback, the kiwi approached 0.8707 for the first time since August 2011.
The kiwi rose to 88.72 against the yen from Tuesday's closing quote of 88.25.
If the kiwi extends gain, it may face resistance around 0.875 against the greenback, 1.56 against the euro and 89.8 against the yen.
News are provided by InstaForex.
China Has $7.71 Billion Trade Surplus In March
China posted a merchandise trade surplus of $7.71 billion in March, the customs office said on Thursday.
That topped forecasts for a surplus of $0.9 billion following the $23.0 billion shortfall - largely due to the Lunar New Year holiday - in the previous month.
Exports were down 6.6 percent on year, missing expectations for an increase of 4.0 percent following the 18.1 percent contraction in February. Imports tumbled an annual 11.3 percent versus forecasts for a gain of 2.4 percent following the 10.1 percent increase a month earlier.
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Euro Rises To 8- Day High Against Pound
The European currency strengthened against the pound in the early Asian session on Friday. The euro advanced to an 8-day high of 0.8287 against the British currency, up almost 0.2 percent from yesterday's closing quote of 0.8273. If the euro continues its uptrend, it may find the resistance around the 0.83 area.
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Gold at 3-Week High on Ukraine Tensions
Spot gold rose to a three-week high of $1,328.30 an ounce before settling to trade up 0.6 percent at $1,325.50 by 0030 GMT
The United States is prepared to step up sanctions against Moscow if pro-Russian military actions in eastern Ukraine continue, a senior U.S. envoy said. The next round of U.S. sanctions are expected to target Russian business sectors such as mining, banking and ene
SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.80 tonnes to 804.42 tonnes on Friday.
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Yen Weakens Against Most Majors
The Japanese yen declined against most major currencies in Asian deals on Wednesday. The yen slipped to 102.19 against the greenback, a level not seen since April 8. The yen hit 5-day lows of 141.15 against the euro, 116.05 against the franc and 93.04 against the loonie, compared to Tuesday's closing values of 140.79, 115.80 and 92.83, respectively. The next possible downside target for the yen lies around 103.00 against the greenback, 142.00 against the euro, 117.00 against the franc and 94.00 against the loonie.
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Technical analysis of GBP/USD for April 16, 2014
British inflation fell to its lowest in over four years in March, easing pressure on living standards and raising the prospect that prices may now be rising less than wages for the first time in years. Tuesday's data showed that consumer price inflation dropped to 1.6 percent in March from February's 1.7 percent - the lowest level since October 2009, according to the Office for National Statistics.
Wage numbers are due today, they are forecast to show average earnings growth picking up to 1.8 percent from 1.4 percent - which if true, would be the first time that wages have outpaced inflation since April 2010. British wages typically rose by around 4-5 percent a year before the financial crisis, but since mid-2008 have mostly risen by less than inflation.
The pair has been in a down trend from 1.6820 levels. The pair is taking support at 1.67 levels and facing resistance at 1.6750. Currently, it is trading between 1.67-1.6750 levels. Break out either side will give a room to further levels. If the pair breaks the upper band at 1.6750, it will fly up to 1.6787 and 1.6820. On the down side the pair has support at 1.67, 1.666 and 1.6640. The level at 1.6640 is very crucial for bulls, if it breaks, it will breaks 1.6570 and 1.6550.
More analysis - at instaforex.com
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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