Forex News (from InstaForex) - page 120
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Usd/jpy Trade up to 108.60 in Ny
Stops at 108.00+, 108.25+ tripped
Gotobi demand supportive
Option expiries to help cap - USD884 mln 108.50, 505 mln 108.75, more above Daily Ichimoku tenkan-kijun converging at 108.71-72.
News are provided byInstaForex.
HTC Revenue Falls for the 4th Quarter in a Row
HTC Corporation reported a 64 percent dive in revenue for the first quarter, contracting from $1.3 billion in 2015 to a dismal $456 million. Q1 profit also plunged by a staggering 78 percent from last year's $250 million to $60 million. HTC is struggling to restore its share in the cut throat Android market, which has now shriveled to 1 percent. Its net loss totaled to $80 million in three months. Sales results of its new smartphone HTC 10 and virtual reality device Vive were not yet counted. However, 11 days after the pre-sales opened in China, only 251 units of HTC 10 were pre-ordered. This shows that HTC is losing against major competitors Apple and Samsung in the world's the largest smartphone market.
News are provided byInstaForex.
Fxwirepro: Usd/jpy Fails to Sustain Above Key Resistance 109.32, Intraday Bias Remains Neutral
USD/JPY is currently trading around 109.10 marks.
It made intraday high at 109.36 and low at 109.04 levels.
Intraday bias remains neutral for the moment.
A daily close above 109.32 will drag the parity up towards 111.23, 112.60 and 113.42 levels respectively.
Alternatively, reversal from key resistance will drag the parity down towards key supports at 108.27, 106.15, 105.71, 105.45 and 104.55 levels respectively. Japan will release leading indicator data at 0500 GMT. Market anticipates reading around 96.4 vs 96.8 previous release.
News are provided byInstaForex.
Japan's Topix wipes out previous advance as yen surges
Japan's Topix index erased its early ascension as the Japanese yen fortified after recording losses for two straight days.
Against the US dollar, the yen traded at ?108.66, up 0.6%. The Topix index closed at 1,332.42,m down 0.2%, while the Nikkei 225 Stock Average settled at 16,575.65. Machinery shares advanced but consumer finance and drugmakers spearheaded declines.
Around 180 entities listed on the Topix are scheduled to report their earnings Wednesday, while 700 others will post results Thursday and Friday. Mitsubishi Estate Co. and Toyota Motor Corp. post earnings today.
News are provided byInstaForex.
Fxwirepro: Usd/krw Trading in Tight Range, Intraday Bias Remains Neutral
USD/KRW is currently trading around 1164 levels.
Intraday bias remains neutral till the time pair holds key support at 1162 marks.
Pair is trading in tight range from 1162 to 1172 marks.
A break of either side will provide further direction to the parity.
A daily close above 1172 will drag the parity up towards key resistances at 1176/1180/1193 (20, 30 and 55D EMA crossover)/1211 marks.
A sustained close below 1162 will test key supports at 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
News are provided byInstaForex.
Cameron unveils UK property rule amendments
Seeking to topple corruption worldwide, Prime Minister David Cameron announced foreign entities with properties in the United Kingdom are mandated to publicly declare their assets, saying they need to be on a new register. The British premier made the announcement as world leaders are heading to a the Lancaster House summit in London aimed at bolstering measures to eradicate money laundering. Cameron is hosting the gathering. No list of participants has been released. But Afghan President Ashraf Ghani and US State Secretary John Kerry are awaited to join the convention. Also, the details of the event are not yet published. However, organizers disclosed the event will find ways to unmask corruption.
News are provided byInstaForex.
Fxwirepro: Kiwi falls on the Back of Lower Than expected Retail Sales Data
AUD/NZD is trading around 1.0726 marks.
Pair made intraday high at 1.0743 and low at 1.0717 marks.
Today New Zealand released retail sales data with negative numbers at 0.8% q/q vs 1.1% q/q previous release.
In addition, core retail sales falls to 1.0% q/q vs 1.1% q/q previous release. Intraday bias remains neutral for the moment.
A daily close below 1.0725 will take the parity down towards 1.0670 (February 26, 2016 low) and 1.0574 (February 12, 2016 low) marks.
On the other side, reversal from key support will drag the parity higher towards 1.0886, 1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 (March 23, 2016 high) levels respectively.
We prefer to take short position in AUD/NZD only below 1.0725, stop loss 1.0823 and target 1.0651/1.0574 marks.
News are provided byInstaForex.
Brazil's Temer assures integrity of Petrobras investigation
New Brazilian President Michel Temer vowed to protect probes into state oil company Petrobras corruption scandal from any political intervention. In his first address as the country's new leader, Temer also pledged to curb increasing budget deficit and retain social welfare spending for the poor by scaling down government jobs. Temer said Lava Jato must continue and safeguard its integrity by thwarting any attempts to weaken the probe. Lava Jato is a Portuguese term for the ongoing investigation, which means Car Wash. The PMDB party is greatly implicated in the scandal encompassing the state-owned firm, with some of its significant party officials and Temer's allies accused of receiving bribes.
News are provided byInstaForex.
Fxwirepro:asx200 Faces Strong Support at 5300, Good to Buy at Dips
Major resistance - 5380
Major Support - 5307 (10 day EMA)
ASX200 pares early losses made today and slightly jumped till 5372 at the time of writing. It is currently trading at 5368.
Short term trend is slightly bullish as long as support 5300 holds.
On the higher side any break above 5380 will take the index to 5430/5500/5525.
The major intraday support is around 5300 and any break below major support targets 5250/5200.
It is good to buy at dips around 5340 around 5300 for the TP of 5300/5250/5200
News are provided byInstaForex.
Fxwirepro: South Korean Won Gains in Early Asia, Intraday Bias Remains Bearish
USD/KRW is currently trading around 1172 levels.
It made intraday high at 1175 and low at 1172 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1180 marks.
A daily close above 1178 will drag the parity up towards key resistances at 1182/1193 (20, 30 and 55D EMA crossover)/1211 marks.
A sustained close below 1172 will test key supports at 1162, 1153 (November 2015 low) /1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
We prefer to take short position in USD/KRW only below 1172, stop loss 1182 and target 1153 marks.
News are provided byInstaForex.