Forex News (from InstaForex) - page 138
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Asian Stocks Flat while Traders Await Prior to Central Bank Meeting
Asian stocks were flat while Japanese shares fluctuated prior to the policy meetings from the Bank of Japan and the Federal Reserve. The MSCI Asia Pacific Index declined by less than 0.1 percent.
Japan's Tokyo index increased by 0.1 percent while the yen traded at 101.87 against the dollar. Australia's S&P/ASX 200 Index was down by 0.1 percent while New Zealand's S&P/NZX 50 climbed by 0.2 percent. The South Korean Kospi index slipped by 0.2 percent. Futures on the FTSE A50 Index was down by 0.2 percent during the most current trading, as the Hang Seng Index jumped by 0.1 percent. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong gained by 1.6 percent. The Shanghai Composite Index climbed by 0.8 percent as the Hang Seng Index was up by 0.9 percent.
Uncertainty regarding the monetary policy has sparked volatility in global markets during the past two weeks, as traders were divided on what the BOJ's action would be in its review.
News are provided byInstaForex.
Fxwirepro: Usd/sgd Hits Fresh 2-Week Low at 1.3510, Consistent Break Below Targets 1.3462
USD/SGD is currently trading around 1.3530 marks.
It made intraday high at 1.3546 and low at 1.3510 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1.3605 marks.
A daily close below 1.3510 will drag the parity down towards key supports at 1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
Alternatively, a sustained close above 1.3605 will test key resistances at 1.3698, 1.3732, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to go short on USD/SGD only below 1.3510 with stop loss at 1.3605 and target of 1.3462/1.3391.
Read more: /go?link=https://www.instaforex.com/nl/forex-news/1979546-fxwirepro:_usdsgd_hits_fresh_2-week_low_at_13510_consistent_break.html
News are provided byInstaForex.
Asian Stocks Rally After Fed
Asian stocks rallied, South Korea's won firmed while regional bonds increased following the central banks' announcement. The MSCI Asia Pacific excluding Japan Index increased by 1.3 percent.
Producers of raw-materials were the largest gainers on the MSCI index of Asian shares outside of Japan. The won increased the most while the dollar held losses from the last session. Hong Kong Kong's Hang Seng Index gained by 1.4 percent while the Hang Seng China Enterprises Index climbed by 2.1 percent. New Zealand's 10-year bonds increased by one percent, pulling down the yield by 11 basis points to 2.50 percent.
Ten-year bond yields in Australia declined by 2.06 percent while the 10-year bond of South Korea was down 1.53 percent.
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Fxwirepro: South Korean Won Opens Onshore Trade at 1,103.1 Per Dollar, Faces Key Support at 1,101
USD/KRW is currently trading around 1,105 levels.
It made intraday high at 1,106 and low at 1,103 marks.
Intraday bias remains bullish till the time pair holds key support at 1,101 levels.
A daily close above 1,112 will drag the parity higher towards key resistances at 1,125, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
On the other side, a sustained close below 1,101 will test key supports at 1,090/1,078/1,063/1,044 levels respectively.
In addition, South Korea?s Kospi was trading around 0.17 percent higher at 2,053.52 points.
South Korean won opens onshore trade at 1,103.1 per dollar vs 1,103.3 at previous close.
We prefer to go long on USD/KRW only above 1,107 with stop loss at 1,101 and target of 1,125/1,142.
News are provided byInstaForex.
Yahoo Confirms Data Hack Affecting 500 Million Users
Yahoo Inc. said on Thursday that the data of around 500 million of its accounts were hacked in 2014 in what is allegedly a state-sponsored attack and theft that is believed to be the biggest cyber-breach in the world so far.
The company said that cyber attackers may have stolen personal information, including names, telephone numbers, birthdates and encrypted passwords. But Microsoft assured that sensitive and valuable information such as bank account data and credit card information were not compromised in the breach.
Yahoo did not disclose the identity of the ?state-sponsored actor?, or a hacker working on behalf of a foreign government, that carried out the attack. On Thursday, upon confirming that the data breach was bigger than initially estimated, the firm urged its users to change their passwords if they had not done so since 2014, but did not require it.
The attack comes after telecom company Verizon bought Yahoo for $4.8 billion in July. The FBI has reported it is investigating the data breach.
News are provided byInstaForex.
Oil Bounces Back After Algeria Says All Options Possible at OPEC Meeting
Oil prices rebounded after Algeria's energy minister Noureddine Bouterfa stated that all options were possible for an oil production cut or freeze during this week's informal meeting of OPEC members. The statement comes after oil prices fell by 4% on Friday amid indications that Saudi Arabia and Iran were making little headway in reaching a preliminary agreement to halt production.
U.S. WTI crude futures had risen 42 cents to $44.90 per barrel after sliding by 4% or $1.84 in the last session. U.S. crude advanced 4% in the previous week.
Brent crude futures climbed by 42 cents to $46.31 after losing $1.76 or 3.7% at the previous close and gained 0.3% in the prior week.
OPEC members will hold an informal meeting on the sidelines of the International Energy Forum in Algiers on September 26-28, where they will talk regarding a possible output-restricting deal.
News are provided byInstaForex.
Turkey?s Lira Extends Decline After Moody?s Slashes Rating to Junk
Turkish lira continued to fall after Moody's Investors Services on Friday downgraded Turkey's credit rating to junk, citing the growing risks from external financing and a slowing economy that will gradually weaken credit fundamentals over the next two to three years.
While Moody's lowered the Turkish government's long-term issuer and senior unsecured bond ratings debt from Baa3 to Ba1, the agency maintained the country's outlook as stable, stating its resilient $720 billion economy and solid financial track record will alleviate the pressure from the balance-of-payments problem it faces.
The lira fell by 0.7% to 2.9907 per dollar, adding to the 0.9% drop recorded on Friday.
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China Industrial Profits Rise Sharply In August
China's industrial profits grew markedly in August from a year ago, data from the National Bureau of Statistics showed Tuesday.
Profits earned by large firms in China surged 19.5 percent year-over-year to CNY 534.8 billion in August, faster than the 11.0 percent climb in July.
During the first eight months of the year, total industrial profits rose 8.4 percent from the same period last year, compared with a 6.9 percent gain in the first seven months of this year.
Private firm's profits increased 8.4 percent, while profits at state-owned firms declined 2.1 percent in the January to August period.
News are provided byInstaForex.
Asian Shares Gain as Markets See Clinton Winner of U.S. Presidential Debate
Asian stocks gain while investors seem to favor Democrat representative Hillary Clinton over Republican representative Donald Trump. MSCI's broadest index of Asia-Pacific shares excluding Japan increased by 0.2 percent.
Japan's Nikkei more than halved its losses and decreased by 0.4 percent as the U.S. dollar increased against the Japanese yen at 100.74. Markets are currently inclined to view Clinton as the candidate of the status quo, as several are uncertain as to what a Trump presidency entails for U.S. trade, foreign policy and the domestic economy. The South Korean Kospi and the Shanghai SSE Composite Index were both up.
In commodity markets, oil increased by three percent as the world's biggest producers met in Algeria in order to discuss ways to address the crude glut. Brent crude LCOc1 declined 20 cents to $47.13 per barrel, as U.S. crude CLc1 was down 13 cents to $45.80.
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Fxwirepro: Usd/sgd Almost Flat at 1.36 Mark, Bias Remains Bullish Only Above 1.3622
USD/SGD is currently trading around 1.3605 marks.
It made intraday high at 1.3622 and low at 1.3592 levels.
Intraday bias remains neutral till the time pair holds key support at 1.3582 marks.
A daily close below 1.3582 will drag the parity down towards key supports at 1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
Alternatively, a sustained close above 1.3622 will test key resistances at 1.3659, 1.3698, 1.3732, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on USD/SGD only above 1.3622 with stop loss at 1.3582 and target of 1.3698.
News are provided byInstaForex.