Forex News (from InstaForex) - page 126
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Japan?s manufacturing activity slumps in June
The Japanese manufacturing activity condensed in June based on an primary survey, but uncertainties persist on declining exports and supply chain interruptions due to earthquake.
Japan Flash Manufacturing PMI by Markit/Nikkei closed at 47.8 this month from 47.7 in May. The initial index for new orders touched 45.8 in June from 44.7 in the previous month.
Markit said the earthquakes in April have negatively impacted the PMI. It added employment slid to its lowest in nine months into growth, indicating additional stimulus may be necessary to boost the economy.
News are provided byInstaForex.
Briferendum Series: Global Markets Feel Newcastle Tremors
Results are coming out and some of them are a shocker. Newcastle was expected to be a stronghold for the ?Remain? camp and was expected to provide somewhere around 12 percentage points lead to the ?Remain? camp, instead, it was a very narrow lead in favor of the ?Remain?. With 68 percent turnout, 65,504 people voted in favor of staying in the Union, while 63,598 favored going out. Newcastle was able to give a lead of only 1.4 percentage points to the ?Remain? camp.
With such setbacks, it?s not going well for the ?Remain? camp. According to latest figure, authorities have so far declared results in 184 local authorities and 188 are still remaining. It is not all looking good for the ?Remain? camp. ?Leave? camp is leading with 52 percent in their favor.
The pound has been declining fast after Newcastle shocker. Currently trading at 1.364 against the dollar, down more than 6 percent. The yen is up more than 3 percent trading at 101.3. S&P 500 is down 3.9%.
News are provided byInstaForex.
S&P 500 Futures Stumble as ?Leave? Camp Ahead in Early Referendum Tally
U.S. stock index futures dropped in after-hours trading as preliminary results from Britain's referendum to stay or leave the EU showed a lead for supporters of a British Exit or Brexit.
S&P E-mini futures was down 0.8% as early tally showed 52.6% of the vote for the ?leave" camp and 47.4% for the ?stay" camp. Sterling plunged down to $1.4351 against the greenback, erasing its earlier gains which elevated the pound its peak of beyond $1.50 this year after polls indicate that Britons had 52-48% to remain in the EU bloc. Futures on the VIX .VIX volatility index climbed 1.02 pts. to 17.7 as anxiety among investors increase.
News are provided byInstaForex.
Fxwirepro: Usd/jpy Stabilises Above 102.00 Mark, Bias Remains Bullish Above 101.48
https://forex-images.instaforex.com/analysts/big_preview/usd_yena/2.jpg
USD/JPY is currently trading around 102.34 marks. It made intraday high at 102.47 and low at 101.50 levels. Intraday bias remains bullish till the time pair holds key support at 101.48 marks. A sustained close below 101.50 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively. Alternatively, a daily close above 103.45 is required to take the parity higher towards key resistances around 104.80, 106.12 and 107.46 levels respectively. Today is relatively calm session at the start of the new week. Markets expect range bound movement for the day.
News are provided byInstaForex.
Oil Continues Decline as Brexit Anxiety Persists
Oil prices fell almost a percent on Monday, continuing distinct declines after the United Kingdom's vote to exit the EU triggered a significant selloff in global markets on Friday in order to avoid risks.
London Brent crude declined 24 cents at $48.17 a barrel on Sunday from the $48.41 on Friday. NYMEX crude fell 26 cents at $47.38 a barrel after settling at $2.47 or 4.9% on Friday. The decline of the British pound during early Asian trading on Monday also added pressure to oil prices as investors struggle to determine the next step after the Brexit.
News are provided byInstaForex.
Fxwirepro: South Korean Won Gains Sharply Against U.s. Dollar As Manufacturing Bsi Index Meets Expectations
USD/KRW is currently trading around 1165 levels.
It made intraday high at 1170 and low at 1165 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1176 mark.
A sustained close below 1162 will tests key supports 1153/1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Alternatively, a daily close above 1176 will drag the parity higher towards key resistances at 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
In addition, South Korea?s Kospi was trading 1.18% higher at 1,959.92 points.
South Korea?s manufacturing BSI index stays flat at 72 vs previous 72.
We prefer to take short position in USD/KRW only below 1162, stop loss 1172 and target 1153/ 1145 marks respectively.
News are provided byInstaForex.
Istanbul Airport Bombed, 31 Dead, 150 Wounded
Ataturk Airport, the largest in Turkey and third busiest airport in the world, was the target of suicide bombers on Tuesday. Witnesses testified seeing 3 gunmen who opened fire to the people before setting off explosives.
Justice Minister Bekir Bozdag said that a total of 31 were killed while 150 got wounded as a result of the attack. No group is claiming responsibility for the bombing yet, but police sources say that evidences point out to the Islamic State. This is because the same incident showed semblance to the attack that happened in Brussels airport on March 16.
Turkey President Tayyip Erdogan meanwhile has expressed that terrorism nowadays has no regard on faith and values since the bombing took place during the Ramadan.
The country has suffered from a series of attack just this year. It included two car bombings in Ankara and two suicide attacks in Istanbul. Turkey is known to be actively fighting the Islamic State and Kurdish militants.
News are provided byInstaForex.
New Zealand Business Confidence Jumps In June - ANZ
Business confidence in New Zealand improved markedly in June, the latest survey from ANZ showed on Thursday with an index score of 20.2.
That's up from 11.3 in May.
The activity outlook jumped to 35.1 from 30.4 in the previous month.
The survey's inflation forecast came in at 1.49 percent - up from 1.39 percent a month earlier.
News are provided byInstaForex.
Largest Diamond Fails to Sell in Sotheby London Auction
The 1,109-carat diamond Lesedi la Rona or ?our light? remained unsold at an auction at London after the highest bid of $61 million didn't meet the minimum expected selling price. The diamond was expected to sell at $86 million. However, the highest bid only reached $61 million, far from the given ?reserve price?, leaving the biggest diamond found in more than 100 years unsold at a Sotheby's auction on Wednesday.
It is unclear what will happen to the diamond after the auction, but analysts are now looking at the potential of a private sale, most likely in a deal where Lucara Diamond Corp., the company who owns the Karowe mine where the diamond was unearthed, will still have some interest from the polished stones.
News are provided byInstaForex.
BoJ Tankan: Business Sentiment Unchanged In Q2
An index monitoring business sentiment in Japan was steady in the second quarter of 2016, the Bank of Japan said on Friday in its quarterly Tankan business survey. The large manufacturers' index came in with a score of +6, beating forecasts for +4 and unchanged from the previous quarter. The outlook also came in at +6, beating forecasts for +3, which would have been unchanged from Q1. The survey is closely watched by the Bank of Japan for formulating policies. Large industry capex for the current fiscal year is now seen higher by 6.2 percent, above forecasts for an increase of 5.6 percent and up sharply from the 0.9 percent decline seen in the previous quarter. The large non-manufacturers index was at 19, matching expectations although down from 22 in the previous quarter. The outlook score was 17, in line with forecasts and unchanged. The small manufacturing index came in at -5, beating expectations for -6 but down from -4 in the first quarter. The outlook was -7, in line with forecasts after showing -6 in the three months prior. The small non-manufacturing index had a score of 0, missing forecasts for 1 and down from 4 in the previous quarter. The outlook came in at -4, shy of forecasts for -2 and down from -3 in the three months prior. The sentiment indexes are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.
News are provided byInstaForex.