Forex News (from InstaForex) - page 127
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Tony Blair Suggest Leaders Remain Calm
Former British Prime Minister, Tony Blair call for a sense of urgency when dealing with the process of the European Union negotiations. Blair recently declared that ?our nation is in peril? following the referendum and added that a foreseeable complex relationship will soon be shared with other countries. Further on, he urged politicians to act with ?genuine patriotic regard? in relation to the future of the country. Surprised by how distant and uncertain former European partners to Britain are today he goes off with a concerned tone.
Blair suggests that in troubling times such as this the nation must portray a calm united front of supporting each other. The Labour party politician insists that this not be the time for another argument regarding the referendum and that politicians must be open to anything. He also mentioned for leaders to keep a cautious eye on Ukip leader Nigel Farage at the European parliament
News are provided byInstaForex.
Fxwirepro: Silver Rises 3.25 Pct to $20.42, Marks Highest Since August 2014
XAG/USD is currently trading around $20.35 marks.
It made intraday high at $20.43 and low at $19.65 levels.
Intraday bias remains bullish till the time pair holds immediate support at $19.70 marks. A sustained close above $20.43 tests key resistances at $20.78, $21.09 and $21.46 marks respectively.
On the other side, a daily close below $20.00 will take the parity down towards key supports at $19.88, $19.48, $19.34, $19.12 and $19.09 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.
We prefer to take long position in XAG/USD only above $20.43, stop loss at $19.70 and target $20.78/ $21.09 mark
News are provided byInstaForex.
Russian tycoon Prokhorov's Onexim Group assets on sale ? Vedomosti
Russian newspaper Vedomosti on Monday said Onexim Group, which is owned by billionaire tycoon Mikhail Prokhorov, has put all its assets on sale. Onexim owns stakes in aluminium giant Rusal, potash firm Uralkali and power generator Quadra. The investment fund firm did not respond for comment. In April, it was reported that offices of Onexim were searched for a tax investigation by Russian law enforcement officials.
News are provided byInstaForex.
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
The Canadian dollar fell to a 4-day low of 79.18 against the yen, from yesterday's closing value of 79.81.
Against the euro and the U.S. dollar, the loonie dropped to 1.4349 and 1.2892 from yesterday's closing quotes of 1.4322 and 1.2845, respectively.
If the loonie extends its downtrend, it is likely to find support around 76.00 against the yen, 1.46 against the euro and 1.31 against the greenback.
News are provided byInstaForex.
Line Lifts IPO Price Range to Meet High Demand
Japan's Line Corp., the nation's biggest messaging application operator moved its price range for an upcoming IPO by as much as 115.5 billion yen or $1.12 billion due to the strong demand.
Line lifted its price range from 2,700 yen to 3,200 yen a share up to 2,900 yen to 3,300 yen or $28.50-$32.50 a share. The company is targeting a dual listing in Tokyo and New York scheduled on July 14 and 15. It is expected to be the biggest technology listing so far in 2016.
Line stated in a news release that its decision to lift its price range has factored in demand trends and the current stock market environment that revealed that investors remain interested on the IPO regardless of the market disruption post-Brexit.
The Japanese firm is offering 13 million shares and 22 million shares in Japan and New York, respectively. An additional 5.25 million shares could be offered via a ?green shoe? option, which enables the offering of more shares in case of exceptional demand.
News are provided byInstaForex.
Fxwirepro: Usd/jpy Breaks Key Support at 101.39, Intraday Bias Remains Bearish
USD/JPY is currently trading around 101.19 marks.
It made intraday high at 101.76 and low at 101.05 levels.
Intraday bias remains bearish till the time pair holds key resistance at 102.80 marks.
A daily close above 103.39 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
On the other side, a sustained break below 101.39 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.
No major economic data is scheduled from Japan but on the other side, US will release ISM non manufacturing PMI as well as FOMC meeting minutes later today.
News are provided byInstaForex.
BlackBerry to Halt Classic Smartphone Model Production
BlackBerry Ltd. will stop manufacturing the BlackBerry Classic, an updated version of the original and classic model that made the company a smartphone trendsetter before other smartphone giants Apple Inc. and Samsung Electronics Co. unseated it.
CEO John Chen unveiled the Classing after becoming part of the firm back in 2013, reviving the Blackberry's signature raised-button keyboard. The resolution to out phase the Classic is another step to continue the extermination of the BB10 OS, which will now only be operating on Passport model, as they change focus to new phones running on Android platform.
In addition to BlackBerry's introductory Android phone model, the Priv, the firm is also working on two more Android phones.
BlackBerry dropped 2.3% to $6.61 at 12 noon in NY. The stock has plunged 27% so far this year.
News are provided byInstaForex.
Moody's: Korea's Public Sector Reforms Present Mid- and Long-Term Credit Challenges for State-owned Companies
Moody's Investors Service says that the Korean government's (Aa2 stable) planned public-sector reforms will raise the risk of credit quality erosion for many rated infrastructure and corporate government-related issuers (GRIs) and their subsidiaries over the medium and long term. "Such issuers will face rising medium- and long-term credit challenges, as a result of the reforms, because a stable regulatory and policy environment has been a key factor underpinning their issuer ratings, which incorporate the probability of extraordinary government or parental support," says Mic Kang, a Moody's Vice President and Senior Analyst. "However, the credit quality of these rated issuers will mostly remain steady over the next 1-2 years because the Korean government's reform plan, announced on 14 June 2016, calls for only moderate changes in the operations of most companies," says Kang. Kang was speaking on Moody's recently-released sector-in-depth report on Korea's GRI sector, "Government-Related Issuers -- Korea: Public-Sector Reforms Raise Medium- to Long-Term Credit Challenges". The report was authored by Kang and Wan Hee Yoo, a Moody's Vice President and Senior Analyst. "Of the rated state-owned companies, Korea Resources Corporation will likely be the most exposed to reform-related challenges, owing to its waning policy role," says Yoo. We also note that the government intends to downsize Korea Resources Corporation's (Aa3 negative) mining investment business and loss-making mining portfolio. In contrast, although Korea National Oil Corporation (Aa2 stable) also recorded a sizeable impairment loss in 2015, its strategic importance will likely remain largely intact, given its continued ownership of major oil and gas exploration and production assets, and an oil stockpiling business. Uncertainty over the future ownership structures of Korea Electric Power Corporation's (KEPCO, Aa2 stable) six power-generating companies (gencos) -- all rated Aa2 with stable outlooks -- clouds their credit profiles in the medium to long term. The six gencos are Korea Hydro and Nuclear Power Company Limited, Korea South-East Power Co., Ltd., Korea East-West Power Co., Ltd., Korea Midland Power Co., Ltd., Korea Western Power Co., Ltd. and Korea Southern Power Co., Ltd. The potential listing of the gencos also raises the possibility of further government reform that could lead to changes in their relationships with their parent. On the other hand, over the next 1-2 years, KEPCO will likely maintain controlling stakes in the subsidiaries, given that only 20%-30% stakes will be offered in the planned listings. We believe that the regulated power and gas utility companies -- KEPCO, Korea Gas Corporation (Kogas, Aa2 stable) and Korea District Heating Corporation (KDHC, A1 stable) -- will be able to cope with proposed reforms. The planned progressive opening up of KEPCO's retail electricity sales and Kogas' natural gas import for wholesaling to private companies, and KDHC's issuance of new shares to private investors are unlikely to reduce their strategic importance, or the likelihood of the government's extraordinary support. However, their credit profiles will likely be under pressure, if the government further dilutes the policy roles of the three utilities and/or its stake in KDHC in the future.
News are provided byInstaForex.
Three more UK Property Funds Freezes Selling
Three more UK fund managers restricted investors from abandoning their UK property funds, entrapping additional 5.5 billion British pounds and now with six total property funds halting withdrawal requests post-Brexit. More than half of the 25 billion pounds of investment poured by retail investors towards commercial property are now detained by their fund managers, which are collapsing under pressure to sell off infrastructures to obtain cash. Henderson Global Investors, Columbia Threadneedle and Canada Life suspended redemptions on Wednesday amid 'panic' withdrawals. The succeeding announcements of fund 'gatings' that started on Monday have rattled the bigger markets and has raised concerns from the Bank of England that warned on Tuesday that the series of events could magnify any slump in the commercial real estate industry.
News are provided byInstaForex.
Japan Overall Bank Lending Rises 2.0% In June
Overall bank lending in Japan was up 2.0 percent on year in June, the Bank of Japan said on Friday - coming in at 497.518 trillion yen.
That was beneath expectations for 2.2 percent, which would have been unchanged from the May reading.
Excluding trusts, bank lending also added an annual 2.0 percent to 432.514 trillion yen. That also missed forecasts for 2.2 percent, which would have been unchanged.
Lending from trusts climbed 2.3 percent to 65.003 trillion yen after rising 2.2 percent a month earlier.
For the second quarter of 2016, overall lending and lending excluding trusts both advanced an annual 2.1 percent.
News are provided byInstaForex.