Forex News from InstaForex

**IFX Gertrude** · 03-08-2013, 05:31 AM

Japan Manufacturing PMI Sinks Into Contraction - Nikkei

The manufacturing sector in Japan fell into contraction in May, the latest survey from Nikkei revealed on Thursday in its preliminary report - posting a manufacturing PMI score of 49.6.

That's down from 50.2 in April and it falls beneath the boom-or-bust line if 50 that separates expansion from contraction.

Individually, output and new orders fell for the fifth straight month, while the business outlook reflected pessimism for the first time more than six years.

New export orders, backlogs, stocks and quantities of purchases also were in contraction.

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**InstaForex Matthias** · 04-01-2013, 03:29 AM

Australian Dollar Declines Amid China Manufacturing PMI

The Australian dollar fell against other major currencies in the early Asian session on Monday after the release of weaker-than-expected China manufacturing PMI for March.

Data from China Federation of Logistics & Purchasing said that China's manufacturing sector expanded at a slower pace than expected in March.

The PMI came in at 50.9 percent, compared to expectations of 51.2. The PMI reading for prior month was 50.1.

The aussie fell to 1.0388 against the greenback, its lowest since March 21. The aussie may seek support around 1.03 level.

The aussie slipped to a 2-week low of 97.69 against the yen, off its early 4-day high of 98.28. If the aussie extends decline, it may break 97.00 level.

After touching a 4-day high of 1.0613 against the loonie in early deals, the aussie reversed direction and reached a 4-day low of 1.0575.

The aussie that declined to session's low of 1.2432 against the NZ dollar earlier rebounded but failed to hold gains.

The pair is worth 1.2441. The aussie dropped to 1.2317 against the euro around 9:10 pm ET. On the downside, 1.24 is seen as the next target level for the aussie.

The U.S. construction spending for February and ISM manufacturing index for March are due in the New York session.

**IFX Gertrude** · 09-30-2013, 07:44 AM

Euro Steady Ahead Of German Retail Sales

German retail sales figures for August are due at 2:00 am ET Monday. The euro showed choppy trading against other major currencies before the data.
The euro was trading at 1.3498 against the greenback, 132.12 against the yen, 0.8350 against the pound and 1.2224 against the franc at 1:55 am ET.

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**IFX Gertrude** · 10-01-2013, 08:41 AM

Abe Says Japan Will Increase Sales Tax From April 2014

Japan's Prime Minister Shinzo Abe said Tuesday that his government will hike the sales tax as planned from April next year to reduce the country's huge debt load.
The government will increase the sales tax to 8 percent from April 2014 from the current 5 percent. At the same time, Abe is expected to announce an economic stimulus package to cushion the impact that the tax hike could have on the economy.
At around 230 percent of gross domestic product, Japan's has the largest debt pile among advanced economies.

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**IFX Gertrude** · 10-02-2013, 10:21 AM

Canadian Dollar Extends Slide To 5-week Low Against Euro

The Canadian dollar extended its early slide against the euro in European deals on Wednesday.
The loonie touched 1.4010 against the euro for the first time since August 28. The loonie may possibly find support around the 1.41 area. At Tuesday's close, the pair was worth 1.3964.

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**IFX Gertrude** · 10-02-2013, 10:27 AM

Canadian Dollar Extends Slide To 5-week Low Against Euro

The Canadian dollar extended its early slide against the euro in European deals on Wednesday.
The loonie touched 1.4010 against the euro for the first time since August 28. The loonie may possibly find support around the 1.41 area. At Tuesday's close, the pair was worth 1.3964.

News are provided by InstaForex.

**IFX Gertrude** · 10-03-2013, 06:02 AM

China Non-Manufacturing PMI Rises In September

China's official non-manufacturing purchasing managers' index increased in September, a survey by the China Federation of Logistics and Purchasing revealed Thursday. The PMI rose to 55.4 in September from 53.9 in August. A PMI reading above 50 indicates expansion of the sector.
The new orders index rose to 53.4 in September from 50.9. New export orders also increased during the month.

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**IFX Gertrude** · 10-04-2013, 07:29 AM

BoJ Keeps Monetary Easing Plan Unchanged

The Bank of Japan on Friday retained its monetary easing plan unchanged and said the economy is recovering moderately.
At the end of a two-day meeting of the nine-member Policy Board, led by Governor Haruhiko Kuroda, the central bank said it will keep the target of the monetary base expansion at an annual pace of JPY 60-70 trillion.
The Board said that the economy is recovering moderately and the year-on-year change in the core consumer price index is now in the range of 0.5-1 percent. The BoJ expects the economy to continue moderate recovery going forward while the annual rate of change in CPI is seen rising gradually.

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**IFX Gertrude** · 10-07-2013, 06:44 AM

World Bank Cuts Developing East Asia Growth Outlook

The World Bank on Monday lowered its growth projections for developing East Asia, citing slowing growth in China and other economies in the region.
The lender now forecasts 7.1 percent growth for the region in 2013, less than 7.8 percent growth it predicted in April. Growth in 2014 is seen at 7.2 percent.
The World Bank expects the Chinese economy to expand 7.5 percent this year and 7.7 percent in 2014.

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**IFX Gertrude** · 10-08-2013, 07:21 AM

Yen Off Highs Against Majors

The Japanese yen retraced early gains against other major currencies in Asian deals on Tuesday.
The yen is worth 91.51 against the aussie, 80.63 against the kiwi, 97.11 against the greenback, 107.28 against the franc, 156.07 against the pound, 131.66 against the euro and 94.01 against the loonie, down from an early high of 91.05, multi-day high of 80.05, near 2-month high of 96.57, multi-week highs of 106.90, 155.40, 131.14 and 93.63, respectively.

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