Forex News from InstaForex

**InstaForex Gertrude** · 05-04-23, 10:18

NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

The NZ dollar rose to a 3-week high of 83.97 against the yen and more than a 2-week high of 1.7167 against the euro, from yesterday's closing quotes of 83.14 and 1.7343, respectively.

Against the U.S. and the Australian dollars, the kiwi advanced to nearly a 2-month high of 0.6379 and a 3-1/2-month high of 1.0618 from yesterday's closing quotes of 0.6311 and 1.0696, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 86.00 against the yen, 1.67 against the euro, 0.64 against the greenback and 1.06 against the aussie.

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**InstaForex Gertrude** · 06-04-23, 07:46

EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY INDUSTRIAL OUTPUT, CONSTRUCTION PMI DUE

Industrial production and construction Purchasing Managers' survey results from Germany are due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, unemployment data is due from Switzerland. The jobless rate is forecast to fall slightly to 2.0 percent in March from 2.1 percent in February.

At 2.00 am ET, Destatis is slated to release Germany's industrial production for February. Economists expect output to gain 0.1 percent on month, slower than the 3.5 percent increase in January.

In the meantime, UK Halifax house price data is due. House prices are expected to fall 0.3 percent on month in March, reversing a 1.1 percent increase in February.

Also, GDP, industrial production and household consumption are due from Statistics Sweden.

At 3.00 am ET, wholesale prices and foreign trade figures are due from Austria. And industrial and construction output and external trade reports are due from the Czech Republic.

At 3.30 am ET, S&P Global publishes Germany's construction Purchasing Managers' survey results.

At 4.30 am ET, UK S&P/CIPS construction PMI data is due. The index is seen falling to 53.5 in March from 54.6 in February.

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**InstaForex Gertrude** · 07-04-23, 07:07

NZ DOLLAR ADVANCES AGAINST MOST MAJORS

The New Zealand dollar strengthened against most major currencies in the Asian session on Friday.

The NZ dollar rose to 0.6262 against the U.S. dollar and 82.49 against the yen, from yesterday's closing quotes of 0.6242 and 82.28, respectively.

Against the euro, the kiwi advanced to 1.7435 from yesterday's closing value of 1.7479.

If the kiwi extends its uptrend, it is likely to find resistance around 0.65 against the greenback, 84.00 against the yen and 1.69 against the euro.

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**InstaForex Gertrude** · 10-04-23, 04:40

JAPAN HAS Y2.197 TRILLION CURRENT ACCOUNT SURPLUS IN FEBRUARY

Japan posted a current account surplus of 2.197 trillion yen in February, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 2.536 trillion yen following the downwardly revised 1.989 trillion shortfall in January (originally -1.977 trillion yen).

Exports rose 4.5 percent on year to 7.644 trillion yen, while imports climbed an annual 8.248 trillion yen for a trade deficit of 604.1 billion yen.

The capital account showed a deficit of 15.8 billion yen, while the financial account showed a surplus of 3.292 trillion yen.

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**InstaForex Gertrude** · 11-04-23, 08:17

AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

The Australian dollar rose to a 5-day high of 1.6309 against the euro, from yesterday's closing value of 1.6352.

Against the yen and the NZ dollar, the aussie advanced to 6-day highs of 89.03 and 1.0714 from yesterday's closing quotes of 88.67 and 1.0674, respectively.

The aussie edged up to 0.6674 against the U.S. dollar, from yesterday's closing value of 0.6641.

Moving away from an early near 5-month low of 0.8956 against the Canadian dollar, the aussie climbed to 0.9002.

If the aussie extends its uptrend, it is likely to find resistance around 1.58 against the euro, 91.00 against the yen, 1.08 against the kiwi, 0.68 against the greenback and 0.91 against the loonie.

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**InstaForex Gertrude** · 13-04-23, 07:12

EUROPEAN ECONOMIC NEWS PREVIEW: UK GDP DATA DUE

Monthly GDP from the UK and final inflation from Germany are the top economic news due on Thursday.

At 2.00 am ET, the Office for National Statistics publishes UK monthly GDP data for February. The economy is forecast to grow marginally by 0.1 percent on month, slower than the 0.3 percent expansion registered in January.

At the same time, the UK visible trade deficit is seen narrowing to GBP 17.0 billion from GBP 17.86 billion in January.

In the meantime, Destatis is set to issue Germany's final consumer and harmonized prices for March. Consumer price inflation is forecast to ease to 7.4 percent, in line with flash estimate, from 8.7 percent in February.

At 3.00 am ET, the Czech Statistical Office releases consumer prices for March. Economists forecast inflation to slow to 14.9 percent from 16.7 percent in February. At 4.00 am ET, Italy's Istat publishes industrial output data for February. Production is seen expanding 0.5 percent month-on-month, in contrast to the 0.7 percent decline in January. At 5.00 am ET, Eurozone industrial production data is due. Economists forecast Eurozone industrial output to grow at a faster pace of 1.0 percent in February after rising 0.7 percent in January.

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**InstaForex Gertrude** · 14-04-23, 06:17

SINGAPORE GDP SINKS 0.7% IN Q1

Singapore's gross domestic product contracted a seasonally adjusted 0.7 percent on quarter in the first quarter of 2023, the Ministry of Trade and Industry said in Friday's preliminary reading.

That missed expectations for a decline of 0.2 percent following the downwardly revised 0.1 percent increase in the fourth quarter of 2022 (originally 0.3 percent).
On an annualized basis, GDP was up 0.1 percent - again shy of forecasts for a gain of 0.6 percent and down from 2.1 percent in the three months prior.

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**InstaForex Gertrude** · 17-04-23, 07:48

U.S. DOLLAR ADVANCES AGAINST MAJORS

The U.S. dollar strengthened against other major currencies in the Asian session on Monday.

The U.S. dollar rose to more than a 1-month high of 134.11 against the yen, a 6-day high of 1.2383 against the pound and a 5-day high of 1.0962 against the euro, from last week's closing quotes of 133.73, 1.2412 and 1.0993, respectively.

Against the Swiss franc and Australian dollar, the greenback advanced to 4-day highs of 0.8959 and 0.6690 from Friday's closing quotes of 0.8935 and 0.6708, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 137.00 against the yen, 1.20 against the pound, 1.07 against the euro, 0.91 against the franc and 0.65 against the aussie

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**InstaForex Gertrude** · 24-04-23, 07:41

Bitcoin reaches buying zone

Bitcoin crashed in the short term and now is trading at 28,106. After its strong growth, a retreat was natural. The rate could test and retest the near-term support levels before developing a new leg higher.

BTC/USD dropped by 10.33% from last Friday's high of 31,035 to 27,828 today's low. It's down by 1.83% in the last 24 hours and by 6.95% in the last 7 days.

BTC/USD Massive Drop!

Technically, BTC/USD turned to the downside after failing to reach and retest the upper median line (uml) of the ascending pitchfork. Now, it has reached the median line (ml) of the ascending pitchfork which represents a dynamic support.

27,723 represents a downside obstacle as well. As long as it stays above the median line, BTC/USD could develop a new leg higher.

BTC/USD Outlook!

False breakdowns below the median line (ml) and through 27,723 announce a new leg higher and could bring new long opportunities.

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**InstaForex Gertrude** · 26-04-23, 06:41

CANADIAN DOLLAR DROPS AGAINST MOST MAJORS

The Canadian dollar weakened against most major currencies in the Asian session on Wednesday.

The Canadian dollar fell to 1.4972 against the euro, from yesterday's closing value of 1.4947.

Against the U.S. dollar and the yen, the loonie edged down to 1.3642 and 97.86 from yesterday's closing quotes of 1.3626 and 98.14, respectively.

If the loonie extends its downtrend, it is likely to find support around 1.51 against the euro, 1.38 against the greenback and 93.00 against the yen.

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**InstaForex Gertrude** · 27-04-23, 07:07

NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.

The NZ dollar rose to 0.6138 against the U.S. dollar and 81.99 against the yen, from yesterday's closing quotes of 0.6116 and 81.76, respectively.

Against the euro, the kiwi advanced to 1.8004 from yesterday's closing value of 1.8043.

Moving away from an early 2-day low of 1.0802 against the Australian dollar, the kiwi edged up to 1.0766.

If the kiwi extends its uptrend, it is likely to find resistance around 0.64 against the greenback, 85.00 against the yen, 1.76 against the euro and 1.06 against the aussie.

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**InstaForex Gertrude** · 28-04-23, 03:21

JAPAN RETAIL SALES JUMP 7.2% ON YEAR IN MARCH

The total value of retail sales in Japan was up 7.2 percent on year in March, the Ministry of Economy, Trade and Industry said on Friday - coming in at 14.567 trillion yen.

That exceeded expectations for an increase of 5.8 percent following the 7.3 percent gain in February.

On a seasonally adjusted monthly basis, retail sales added 0.6 percent - slowing from 2.1 percent in the previous month.

For the first quarter of 2023, retail sales gained 2.6 percent on quarter and 6.5 percent on year at 39.781 trillion yen.

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**InstaForex Gertrude** · 03-05-23, 08:58

AMENDED: NZ DOLLAR RISES AGAINST MAJORS

(Earlier story being withdrawn and corrected to say NZ Dollar Rose Against Major currencies)

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

The NZ dollar rose to nearly a 3-week high of 0.6249 against the U.S. dollar and a 2-day high of 1.0681 against the Australian dollar, from yesterday's closing quotes of 0.6207 and 1.0731, respectively.

Against the euro and the yen, the kiwi edged up to 1.7639 and 85.05 from yesterday's closing quotes of 1.7707 and 84.77, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 0.64 against the greenback, 1.05 against the aussie, 1.71 against the euro and 87.00 against the yen.

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**InstaForex Gertrude** · 04-05-23, 02:54

SINGAPORE PRIVATE SECTOR ACCELERATES IN APRIL - S&P GLOBAL

The private sector in Singapore continued to expand in April, and at a faster pace, the latest survey from S&P Global showed on Thursday with a PMI score of 55.3.

That's up from 52.6 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

A key driver of the improved headline reading was a sharp and accelerated rise in total new business placed with Singaporean private sector firms. The rate of new order growth was the best seen for five months, and frequently linked to firmer market conditions and improved client spending.

The upturn was also supported by improved foreign demand for Singaporean goods and services, with new export business rising modestly after a solid decline in March. Firmer customer demand and rising amounts of new work drove a further increase in output, with the pace of expansion quickening to a six-month high. The rate of growth was also comfortably above the series long-run average.

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**InstaForex Gertrude** · 05-05-23, 04:53

AUSTRALIA HOME LOAN DATA DUE ON FRIDAY

Australia will on Friday release March figures for home loans, highlighting a modest day for Asia-Pacific economic activity. Loans are expected to slip 1.0 percent after shedding 1.2 percent in February.

Singapore will provide March figures for retail sales, with analysts expecting a fall of 0.1 percent on month and a gain of 6.0 percent on year after rising 3.9 percent on month and 12.7 percent on year in February.

Taiwan will release April data for consumer prices; in March, inflation was up 0.27 percent on month and 2.35 percent on year.

China will see April results for the services PMI from Caixin, with forecasts suggesting a score of 57.3, down from 57.8 in March.

Indonesia will provide Q1 numbers for gross domestic product, with forecasts calling for a decline of 1.0 percent on quarter and an increase of 4.95 percent on year. That follows gains of 0.36 percent on quarter and 5.01 percent on year in the three months prior.

Finally, the markets in Japan and South Korea are closed on Friday for Children's Day, while Thailand remains closed for Coronation Day.

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**InstaForex Gertrude** · 08-05-23, 08:17

EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY INDUSTRIAL OUTPUT DATA DUE

Industrial production from Germany and investor confidence from the euro area are the top economic news due on Monday.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial output for March. Economists forecast industrial production to fall 1.3 percent on a monthly basis, following a 2 percent rise in February.

In the meantime, foreign trade data from Finland and manufacturing output from Denmark are due.

At 4.30 am ET, Eurozone Sentix investor confidence survey results are due. The economic sentiment index is expected to improve to -8.0 in May from -8.7 in April.

At 5.00 am ET, foreign trade figures are due from Greece.

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**InstaForex Gertrude** · 09-05-23, 06:56

POUND SLIDES AGAINST MOST MAJORS

The British pound weakened against most major currencies in the Asian session on Tuesday.

The pound dropped to a 4-day low of 1.1207 against the Swiss franc, from yesterday's closing value of 1.1221.

Against the U.S. dollar and the yen, the pound slipped to 4-day lows of 1.2604 and 170.14 from yesterday's closing quotes of 1.2617 and 170.42, respectively.

If the pound extends its downtrend, it is likely to find support around 1.09 against the franc, 1.22 against the greenback and 164.00 against the yen.

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**InstaForex Gertrude** · 10-05-23, 09:29

DUTCH INDUSTRIAL PRODUCTION CONTRACTS 4%

The Netherlands' industrial output decreased for the third straight month in March, largely due to a sharp fall in chemical output, figures from the Central Bureau of Statistics showed on Wednesday.

Industrial production fell 4.0 percent year-on-year in March, after a 2.3 percent decline in February.

Although total manufacturing output contracted, about half of all business classes produced more in March than in the same month a year earlier, the agency said.

The chemical industry had the largest negative contribution of 17.6 percent, followed by rubber and plastic with a 9.5 percent fall.

On the other hand, the transport equipment industry experienced the highest growth, rising by 12.9 percent yearly in March.

On a monthly basis, industrial production decreased a seasonally and working-day adjusted 2.0 percent in March.

Entrepreneurs in the manufacturing industry were less positive in April, as they were less upbeat about the order book and the expected activity.

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**InstaForex Gertrude** · 11-05-23, 06:22

CHINA CPI SLIPS 0.1% ON MONTH IN APRIL

Overall consumer prices in China were down 0.1 percent on month in April, the National Bureau of Statistics said on Thursday.

That missed expectations for a flat reading following the 0.3 percent decline in March.

On a yearly basis, inflation rose 0.1 percent - also shy of forecasts for an increase of 0.4 percent and slowing from 0.7 percent in the previous month.

The bureau also said that producer prices dropped 3.6 percent on year versus expectations for a decline of 3.2 percent following the 2.5 percent contraction a month earlier.

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**InstaForex Gertrude** · 15-05-23, 07:29

YEN DROPS AGAINST MAJORS

The Japanese yen weakened against other major currencies in the Asian session on Monday.

The yen fell to nearly a 2-week low of 136.12 against the U.S. dollar and a 4-day low of 169.65 against the pound, from Friday's closing quotes of 135.74 and 168.93, respectively. Against the euro and the Swiss franc, the yen dropped to 5-day lows of 147.85 and 151.62 from last week's closing quotes of 147.27 and 151.04, respectively.

Against the Australia and the Canadian dollars, the yen slipped to 4-day lows of 90.63 and 100.38 from Friday's closing quotes of 90.08 and 100.09, respectively.

The yen edged down to 84.52 against the NZ dollar, from last week's closing value of 83.97.

If the yen extends its downtrend, it is likely to find support around 137.00 against the greenback, 173.00 against the pound, 152.00 against the euro, 154.00 against the franc, 93.00 against the aussie, 102.00 against the loonie and 86.00 against the kiwi.

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