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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeThu Jun 11, 2015 10:03 am

UK House Price Balance Rises To +34 In May - R

House prices in the United Kingdom are expected to move higher over the next three months, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday, with an index score of +34. That touches a nine-month high, and it's up from +32 in April, although it was shy of expectations for +36. The increase in prices was the natural result of the Conservative Party's electoral victory last month, RICS said. "It is hardly surprising that prices across much of the country are continuing to be squeezed higher with property set to become ever more unaffordable," RICS chief economist Simon Rubinsohn said.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeFri Jun 12, 2015 12:42 pm

Moody's: China Has Made Substantial Progress on Reform and Rebalancin

Moody's Investors Service says that China has made substantial progress on reforming and rebalancing its economy, since the government committed to deep reforms during the third plenary session of the 18th Central Committee of the Communist Party of China in November 2013. "Substantial progress has been made on reform and rebalancing, and the general direction of government policy is supported by important initiatives such as the anti-corruption campaign and the One Belt, One Road strategy," says Michael Taylor, a Moody's Managing Director and Chief Credit Officer for Asia Pacific. "However, there are two main tail risks to the relatively benign scenario that forms our core view, although we do not think either of them is very likely. The first would be an asset price correction in property or equities, and the second would be a rapid and ill-prepared liberalization of the capital account," adds Taylor. Taylor explains that China's reforms and rebalancing of its economy involve balancing the following four factors: 1) The reorientation of the economy away from state-led, capital intensive investment towards private consumption; 2) Lowering the economy's dependence on credit-fuelled growth; 3) The implementation of policies that will allow markets to play a decisive role, to scale back on the government's role in the economy, and to enhance property rights; and 4) Ensuring that short-term growth does not fall substantially below the government's target of around 7%.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeMon Jun 15, 2015 11:31 am

Moody's Investors say Regulatory Costs and a Lack of Liquidity Inhibit the Growth of Europe's structured Finance Market

In a round table discussion, Moody's Investors Service found that the European securitisation market's regulatory capital costs is a barrier to demand, in addition to a lack of liquidity.  In a new report published today, the rating agency says investors do not believe the capital treatment of European structured finance instruments reflects their associated risks.  "Investors desired change in the capital framework for banks that hold structured finance instruments, which could create more liquidity in the market. The market's growth depends on the arrival of more bank investors, in their view," commented Jean Dornhofer a Moody's Senior Vice President and author of the report.  "While investors consider the idea of standardisation - as part of criteria for qualifying securitisation - to be a step forward for the market, they say it should be a second-order objective as it doesn't create demand," she observed.  The new report: "Investors Say Regulatory Costs and a Lack of Liquidity Are Barriers to the Growth of European Structured Finance Market,".  Moody's found these investors consider that the regulatory capital treatment of structured finance instruments does not reflect their associated risks. If the current levels of regulatory capital associated with structured finance instruments remain the same, the European structured finance market will not return, according to some investors. Investors say the concept of a qualifying securitisation provides an opportunity to revisit the rules on capital and liquidity treatment of structured finance instruments and align them with instruments of equivalent risk.  The discussion revealed that the expansion of the European structured finance market depends on the arrival of more bank investors. A change in the capital framework might help create more liquidity in the structured finance market. Investors consider that banks do not want to invest in instruments that cannot be easily liquidated. Improving the standardisation of capital treatment of structured finance instruments versus other instruments would help increase the investor base, increasing liquidity in the secondary market. The low depth of the secondary market affects the appetite of "real money" investors.  Investors said that issuers need to find a broader, active investor base for mezzanine and equity tranches. With spreads tightening, hedge funds may exhibit less demand for subordinated tranches.  Moody's report summarises investors' general feedback, rather than the specific view of any individual participant. As the number of participants is not statistically significant, the findings are more anecdotal than scientific. The views expressed are not necessarily Moody's view.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeTue Jun 16, 2015 2:23 pm

Canadian dollar slightly changed on weak data, before Fed meeting

The Canadian dollar was moderately changed on Monday as factory sales dropped more than projected and the market awaits Federal Reserve's policy meeting this week. Official figures showed factory sales fell 2.1% in April because of lower sales of food and aerospace products, its third decline in four months. Traders are also expecting Fed's policy statement on Wednesday. The loonie ended at 81.19 US cents from Friday's 81.23 US cents. Markets are disregarding Greece's debt crisis as of the moment “as you really don't know which way things are going," said Benjamin Reitzes, Senior Economist and Foreign Exchange Strategist at BMO Capital Markets.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeWed Jun 17, 2015 2:00 pm

Xbox, PlayStation present new games ahead of E3 conference

Videogame console giants Microsoft and Sony vied for attention ahead of the annual E3 conference, giving fans sneak peeks of the latest Xbox and PlayStation games. Microsoft also told gamers that new Xbox One consoles would have "backward compatibility", meaning they will also be able to play games made for the older Xbox 360. Sony told fans a deal with Activision would allow PS4 owners to be the first to play the upcoming "Call of Duty: Black Ops III" this summer.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeThu Jun 18, 2015 1:06 pm

US dollar plummets as Fed signals rate hike by end of year

The US dollar slumped on Wednesday as the Federal Reserve implied it might wait until late this year to increase interest rates. Policymakers said it would hike rates when the economy is strong enough to handle it. Also, they lowered the projections from 2.3% to 2.7% range forecast in March to 1.8% to 2.0% this year. The greenback closed at $1.1199 per euro and $1.5640 per British pound. Against the Japanese yen, the dollar ended at ¥124.435. It has to be gentle… It is reiterating everything Fed Chair “Janet Yellen has tried embody in the last couple of years,” said Andrew Wilkinson, Chief Market Strategist at Interactive Brokers LLC.

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PostSubject: Forex   Forex News from InstaForex - Page 4 I_icon_minitimeWed Jun 24, 2015 1:04 pm

US dollar slides to new 1-month lows on calm inflation data

The US dollar skidded to new one-month trough on Friday, as inflation data aggravated the uncertainty over the timing of Federal Reserve's interest rate hikes. A measure of core inflation went up almost 0.1% in May, the smallest increase in five months. The greenback stood at $1.1373 per euro. Against the Japanese yen, the dollar closed at ¥123.080. It seems the US markets were contented with the view this week's FOMC meeting “reduced the chances of more than one rate hike before year end,” said Ray Attrill, Global Co-head of FX Strategy at National Australia Bank.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeThu Jun 25, 2015 10:52 am

US dollar turns in advances on deadlock in Greek talks

The US dollar stabilized on Thursday as debt talks seeking to avert a Greek debt default reached a bump, with the market seemed to shift back to likelihoods of higher interest rates from Greece. The greenback stood at $1.1204 per euro from Tuesday's $1.1135. Against the Japanese yen, the dollar hit ¥123.88 from ¥124.38 earlier. EUR/USD responded less, unlike USD/JPY on underlying positivity an agreement will be closed as it remains intact “amid pessimism over the talks breaking down,” said Junichi Ishikawa, Market Analyst at IG Securities. Meanwhile, European leaders are scheduled to meet in Brussels Thursday.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeFri Jun 26, 2015 12:51 pm

Canadian dollar ascends on talks over Greek debt deal

The Canadian dollar strengthened versus the US dollar Thursday, recuperating losses in the last session. But its move was constricted by few domestic economic data and markets focusing on negotiations over Greek debt deal. Greek officials and bailout lenders will resume talks Saturday, Greece's last chance to score a deal with its creditors to avoid default and eurozone exit. The loonie ended at 81.15 US cents from Wednesday's 80.65 US cents. Everyone's awaiting the Greek news. It is going to be difficult for markets to “solidify a move in any direction,” said Benjamin Reitzes, Senior Economist and Foreign Exchange Strategist at BMO Capital Markets. Meanwhile, markets will be closed Wednesday to commemorate the Canada Day holiday.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeMon Jun 29, 2015 12:21 pm

Moody's: Asean Banks Well placed to Comply With Basel III Capital and Liquidity Ratios

Moody's Investors Service says that banks in the Association of Southeast Asian Nations (ASEAN) region -- namely those in Indonesia, Malaysia, Singapore, Thailand, Vietnam and the Philippines -- are well placed to comply with stricter capital and liquidity requirements under Basel III. "Moody's-rated banks in the ASEAN region are well capitalized and can meet the higher minimum capital requirements under Basel III," says Alka Anbarasu, a Moody's Vice President and Senior Analyst. "As for the 60% minimum liquidity coverage ratio under Basel III, in many cases, the banks are already 100% compliant, though national differences make it difficult to compare the reported ratios across different banking systems." "On the issue of additional banking regulations, we note that regulators in the region appear hesitant to embrace the wider bail-in and total loss absorbing capital (TLAC) guidelines as they await more clarity from the Financial Stability Board (FSB)," adds Anbarasu. Anbarasu also expects selective issuance of Basel III securities by banks across ASEAN; in particular, to replace legacy old-style securities which will be callable over 2015-2017. Moody's analysis is contained in its just-released presentation titled "ASEAN Banks Well Placed for Basel III Capital and Liquidity Ratio Compliance," and is authored by Anbarasu. Moody's points out that liquidity coverage ratios (LCRs) have already been implemented in Singapore and Malaysia. Given the predominance of retail funding as well as government bonds in the investment portfolio, Moody's expects most rated banks in the region will be able to comply with the 60% minimum requirement by end-2015; in many cases banks are already 100% compliant. However, national differences on the definition of high quality liquid assets and outflows, whether or not LCRs should be assessed based on a consolidated or standalone basis, and LCR requirements in different currencies could make it difficult to compare the reported ratios across different banking systems. Moody's adds that it expects regulators in the region will announce by the end of 2015, the list of domestic systemically important banks (D-SIB) in their respective banking systems. Moody's points out that seven banks in Singapore -- three local and four foreign -- have already been identified as systemically important.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeTue Jun 30, 2015 12:39 pm

AT&T, DirecTv extend 'termination date' for second time

The No. 2 telecom company in the U.S., AT&T Inc., said it has extended the “termination date” of the merger agreement with DirecTV, the second time in 2 months. In a regulatory filing, the company said the extension is aimed at obtaining final regulatory approval for the merger. In May last year, AT&T offered to buy DirecTV to create the largest U.S. pay TV company.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeWed Jul 01, 2015 1:09 pm

British pound strengthens as UK economy improves

The British pound accelerated on Tuesday as UK economy improves and the likelihood of an interest rate hike increases. Consumer confidence in the United Kingdom leaped to its highest level in more than 15 years in June, with monthly sentiment index bounced to +7 from +1 in May. Sterling surged to 70.85 British pence per euro from Monday's 69.89 British pence. Against the US dollar, the pound closed at $1.5726. The UK and the United States are the only two countries that seem to have “central banks that are teeing markets up for slightly less accommodative monetary policy,” said Gavin Friend, Strategist at National Australia Bank Ltd.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeThu Jul 02, 2015 11:59 am

US dollar ascends on upbeat ADP jobs data

The US dollar strengthens on Thursday as the market is preparing for a bunch of US data ahead of the July 4 Independence Day. Based on the ADP National Employment Report, private employers added 237,000 in June, the largest gain since December. The greenback finished at $1.1044 per euro. Against the Japanese yen, the dollar fetched ¥123.22. Additional improvement in the labor sector may bolster speculations for a rate hike this year. But it “risks a further delay in the Fed's normalization cycle,” said David Song, Currency Analyst at DailyFX.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeFri Jul 03, 2015 2:49 pm

British pound recuperates amid upbeat UK construction data

The British pound regained from two-week troughs versus the US dollar Thursday following UK construction output increased in June. Markit reported the UK construction purchasing managers' index climbed to 58.1 from 55.9 in May. Against the US dollar, sterling stood at $1.5640. The pound finished at 71.04 pence per euro. We notice some moderate selling in the US dollar, with jobs figures “helping the euro and the pound,” said a London-based spot trader. Risks to the UK economy lurk in the likelihood of Greece's eurozone exit. But in the short run, ructions in the region could cultivate safe-haven inflows into the country.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeMon Jul 06, 2015 1:23 pm

Usd/idr Sustain Firm Above 13350

Pair gaps up at open to 13340-360 and traded firm since
Pair traded 13350-370 range so far, last at 13350-360
NDFs shot higher to 13440-470; JKSE -0.47%

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeTue Jul 07, 2015 12:00 pm

Eur/usd Calm ahead of Eu Summit

Time running out as debt repayments loom and Greek banks strapped for cash Pair under pressure as market awaits the result of yet another EU summit EU leaders are urging Greek PM Tsipras to come up with firm proposal Greece likely to propose relief on their debt in exchange for austerity EU so far has resisted any proposals involving Greek debt relief If no sign of deal materializes it will likely weigh on EUR sentiment

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeWed Jul 08, 2015 10:19 am

Japan May Current Account Surplus Y1.880 Trillion

Japan posted a current account surplus of 1.880 trillion yen in May, the ministry of Finance said on Wednesday - surging 266.7 percent on year. The headline figure topped expectations for a surplus of 1.570 trillion yen following the 1.326 trillion yen surplus in April. The trade balance reflected a deficit of 47.3 billion yen - also beating forecasts for a shortfall of 283.8 billion yen following the 146.2 billion yen shortfall in the previous month. Exports were down 0.1 percent on year to 5.707 trillion yen following the 4.1 percent jump in April. Imports tumbled an annual 10.3 percent to 5.754 trillion yen following the 5.9 percent decline a month earlier. The capital account had a deficit of 8.9billion yen, the ministry said, while the financial account saw a surplus of 3.629 trillion yen. The adjusted current account surplus was 1.636 trillion yen - which beat forecasts for 1.375 trillion yen following the 1.274 trillion yen surplus a month earlier. Also on Wednesday, the Bank of Japan said that overall bank lending in Japan was up 2.5 percent on year in June, coming in at 487.773 trillion yen. That was in line with expectations, and down from the 2.6 percent increase in May. Excluding trusts, bank lending advanced 2.6 percent to 424.212 trillion yen. That beat forecasts for an increase of 2.5 percent following the 2.7 percent gain in the previous month. Lending from trusts added an annual 1.9 percent to 63.561 trillion yen, while lending from foreign banks tumbled an annual 15.3 percent to 1.843 trillion yen.

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PostSubject: InstaForex Company News   Forex News from InstaForex - Page 4 I_icon_minitimeThu Jul 09, 2015 10:14 am

Japan M2 Money Stock Rises 3.8% In June

The M2 money stock in Japan advanced 3.8 percent on year in June, the Bank of Japan said on Thursday - worth 908.7 trillion yen. That missed expectations for an increase of 4.0 percent following the upwardly revised 4.1 percent gain in May (originally 4.0 percent). The M3 money stock gained an annual 3.1 percent to 1,224.3 trillion yen - also below forecasts for 3.3 percent, which would have been unchanged from the previous month. The L money stock gained 4.3 percent to 1,617.4 trillion yen following the 4.5 percent jump a month earlier.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeFri Jul 10, 2015 9:08 am

Japan Corporate Service Prices Dip 0.2% In June

An index monitoring corporate service prices in Japan was down 0.2 percent on month in June, the Bank of Korea said on Friday. That missed forecasts for an increase or 0.1 percent following the downwardly revised 0.2 percent increase in May (originally 0.3 percent). On a yearly basis, prices dipped 2.4 percent - also shy of expectations for a fall of 2.2 percent - which would have been unchanged from the previous month following a downward revision from -2.1 percent. Export prices were flat on month and down 4.2 percent on year, the bank said, while import prices added 1.2 percent on month but tumbled 17.6 percent on year.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeFri Jul 10, 2015 12:45 pm

Euro Rises Against Majors

The euro strengthened against the other major currencies in the Asian session on Friday. The euro rose to a 3-day high of 135.22 against the yen, from yesterday's closing value of 133.86, respectively. Against the pound and the Swiss franc, the euro advanced to 0.7207 and 1.0498 from yesterday's closing quotes of 0.7168 and 1.0454, respectively. Moving away from an early near 2-week low of 1.6342 against the NZ dollar, the euro appreciated to 1.6415. At yesterday's close, the euro was trading at 1.6518 against the kiwi. Against the U.S. and the Canadian dollars, the euro edged up to 1.1088 and 1.4089 from yesterday's closing quotes of 1.1032 and 1.4017, respectively. If the euro extends its uptrend, it is likely to find resistance around 138.00 against the yen,0.74 against the pound, 1.06 against the franc, 1.67 against the kiwi, 1.13 against the greenback and 1.44 against the loonie.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeSat Jul 11, 2015 11:14 am

Australian dollar steadies as Greece summit impends

The Australian dollar stabilized on Friday before the anticipated eurozone summit on Sunday. Earlier, the Greek government presented a new bailout plan to its lenders, which showed sales tax and pension reductions. The Aussie ended at 67.47 euro cents from Thursday's 67.42 euro cents, and 74.78 US cents from 74.77 US cents.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeMon Jul 13, 2015 1:20 pm

New Zealand dollar saps despite Greek debt woes

The New Zealand dollar devitalized Monday as concern escalated regarding the future of Greece following eurozone leaders amplified their demands for reforms over the weekend. At an emergency summit on Sunday, eurozone leaders pressed Greek officials to revise key tax, pension, and privatization reforms by Wednesday before resuming talks. The kiwi closed at 60.33 euro cents from Friday's 60.92 euro cents, 67.01 US cents from 67.22 US cents, and 43.17 British pence from 43.89 British pence. The currency ended at ¥81.91 from ¥82.31, and 90.29 Australian cents from 90.34 Australian cents. Optimism encompassing a Greek deal has slightly faded this morning, “as euro-zone leaders are yet to formally agree on a path forward,” said Raiko Shareef, Currency Strategist at Bank of New Zealand.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeTue Jul 14, 2015 10:22 am

Singapore Second Quarter GDP Slows To 1.7%

Singapore's gross domestic product gained 1.7 percent on year in the second quarter of 2015, the Ministry of Trade and Industry said in Tuesday's advance estimate. That was well shy of forecasts for an increase of 3.2 percent and down from the upwardly revised 2.8 percent growth in the first quarter (originally 2.6 percent). Seasonally adjusted and on an annualized quarterly basis, GDP tumbled 4.6 percent - missing by a mile forecasts for an increase of 1.0 percent. GDP had expanded an upwardly revised 4.2 percent on quarter in the three months prior (originally 3.2 percent). The manufacturing sector contracted 4.0 percent on year in the second quarter, extending the 2.7 percent decline in the previous quarter. The contraction was largely due to a fall in output in the biomedical manufacturing and transport engineering clusters. On a quarterly basis, the sector contracted at an annualized rate of 14.0 percent, reversing the 0.4 percent expansion in the three months prior. The construction sector expanded 2.7 percent on year in the second quarter, up from the 2.1 percent growth in the previous quarter. Growth was supported by stronger expansion in public sector construction activities. On a quarterly basis, the sector contracted at an annualized rate of 0.2 percent, in contrast to the 8.3 percent gain in the preceding quarter. Growth in the services producing industries came in at 3.0 percent on year in Q2, easing from 4.2 percent in the previous quarter. The moderation in growth was largely due to slower expansion in the wholesale and retail trade and business services sectors, as well as a contraction in the transportation and storage sector. On a quarterly basis, the services producing industries contracted at an annualized rate of 2.6 percent, reversing the 3.8 percent growth in Q1.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeTue Jul 14, 2015 2:28 pm

Canadian dollar recedes as markets shift focus on BOC, Fed

The Canadian dollar retreated Monday, as markets have turned their attention on the Bank of Canada and Federal Reserve following Greece closed an agreement with its international lenders. Bank of Canada is set to release its interest rate decision Wednesday, while prospects of Fed increasing rates in September were renewed. The loonie finished at 78.49 US cents from Friday's 78.87 US cents. The likelihood of BOC reducing rates is somewhat weighing on the loonie. “That explains some of the early weakness today,” said Mark Chandler, Head of Canadian Fixed Income and Currency Strategy at RBC Capital Markets. Last week, Statistics Canada reported unemployment rate stayed at 6.8% for the fifth consecutive month. The country also gained a net 32,800 jobs.

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PostSubject: Forex News from InstaForex   Forex News from InstaForex - Page 4 I_icon_minitimeWed Jul 15, 2015 11:03 am

Australia Consumer Confidence Slides In July - Westpac

Consumer confidence in Australia deteriorated further in July, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday - sliding 3.2 percent on month to a seven-month low index score of 92.2. That follows the 6.9 percent plunge in June to a score of 95.3 - still below the boom-or-bust line of 100 that separates optimists from pessimists. Among the individual components, the outlook for economic conditions over the next year tumbled 10.4 percent. For the next five years, the index fell 4.4 percent. The index for if it was a good time to buy a major household item added 0.2 percent.

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