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InstaForex Gertrude · Guru

Euro Rises To 8- Day High Against Pound

The European currency strengthened against the pound in the early Asian session on Friday. The euro advanced to an 8-day high of 0.8287 against the British currency, up almost 0.2 percent from yesterday's closing quote of 0.8273. If the euro continues its uptrend, it may find the resistance around the 0.83 area.

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InstaForex Gertrude · Guru

Gold at 3-Week High on Ukraine Tensions

Spot gold rose to a three-week high of $1,328.30 an ounce before settling to trade up 0.6 percent at $1,325.50 by 0030 GMT

The United States is prepared to step up sanctions against Moscow if pro-Russian military actions in eastern Ukraine continue, a senior U.S. envoy said. The next round of U.S. sanctions are expected to target Russian business sectors such as mining, banking and ene

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.80 tonnes to 804.42 tonnes on Friday.

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InstaForex Gertrude · Guru

Aussie Slightly Up Following RBA Minutes

Following the release of the Reserve Bank of Australia's minutes of monetary policy meeting held on April 1 in early Asian deals on Tuesday at 9:30 pm ET, the aussie rose slightly against other major currencies. The aussie was trading at 0.9409 against the greenback, 95.90 against the yen, 1.4683 against the euro and 1.0849 against the kiwi around 9:33 pm ET.

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InstaForex Gertrude · Guru

Yen Weakens Against Most Majors

The Japanese yen declined against most major currencies in Asian deals on Wednesday. The yen slipped to 102.19 against the greenback, a level not seen since April 8. The yen hit 5-day lows of 141.15 against the euro, 116.05 against the franc and 93.04 against the loonie, compared to Tuesday's closing values of 140.79, 115.80 and 92.83, respectively. The next possible downside target for the yen lies around 103.00 against the greenback, 142.00 against the euro, 117.00 against the franc and 94.00 against the loonie.

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InstaForex Gertrude · Guru

Australia New Motor Vehicle Sales Dip 0.3%

The total number of new motor vehicle sales in Australia was down a seasonally adjusted 0.3 percent on month in March, the Australian Bureau of Statistics said on Thursday, coming in at 92,168.

That follows the 0.1 percent increase in February.

By category, sales of passenger and other vehicles decreased 3.2 percent and 0.9 percent, respectively, while sales of sports utility vehicles climbed 4.9 percent.

By region, the Northern Territory recorded the largest percentage decrease (3.0 percent) followed by Tasmania (2.7 percent) and the Australian Capital Territory (2.1 percent).

On a yearly basis, new car sales were down 2.8 percent after falling 3.5 percent in the previous month.

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InstaForex Gertrude · Guru

NZ Dollar Drops Against Majors

Reversing direction, the New Zealand dollar slipped against other major currencies in Asian deals on Monday.

The kiwi fell to 0.8557 against the greenback, its lowest since April 4. This may be compared to an early 4-day high of 0.8600.

Pulling away from an early 4-day high of 1.6056 against the euro, the kiwi slipped to near a 3-week low of 1.6133.

The kiwi has come off from an early high of 1.0849 against the aussie, declining to a 4-day low of 1.0891.

The kiwi fell back slightly against the yen and was trading around 87.87, compared to an early 4-day high of 88.13.

If the kiwi extends decline, it is likely to seek downside target around 0.85 against the greenback, 1.62 against the euro, 1.095 against the aussie and 87.00 against the yen.

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InstaForex Gertrude · Guru

Australia Leading Index Rises 0.3% In February - Conference Board

A leading economic index for Australia was up 0.3 percent on month in February, the Conference Board said on Tuesday - rising for the 17th consecutive month.

That follows the 0.2 percent gain in January.

The coincident index climbed 0.4 percent in February following the 0.2 percent increase in the previous month.

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InstaForex Gertrude · Guru

New Zealand Credit Card Spending Jumps 1.3%

Total credit card spending in New Zealand was up a seasonally adjusted 1.3 percent on month in March, the Reserve Bank of New Zealand said on Wednesday - coming in at NZ$3.062 billion.

That was up sharply from the upwardly revised 0.4 percent increase in February )(originally 0.3 percent).

On a yearly basis, total credit card spending surged 8.1 percent - up from the upwardly revised 6.0 percent in the previous month (originally 5.9 percent).

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InstaForex Gertrude · Guru

China Leading Economic Index +1.2% In March

China's leading economic index was up 1.2 percent on month in March, the Conference Board said on Thursday. That's up from the 0.9 percent increase in February and the 0.3 percent gain in January. The coincident index added 1.1 percent in March - up from the flat reading in February and the 1.3 percent decline in January.

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InstaForex Gertrude · Guru

Japan Retail Sales Spike 11.0% On Year In March

Retail sales in Japan surged 11.0 percent on year in March, the Ministry of Economy, Trade and Industry said on Monday, worth 13.731 trillion yen.

That was in line with forecasts following the 3.6 percent gain in February.

Sales from large retailers surged an annual 16.1 percent - topping expectations for 13.8 percent following the 1.3 percent increase in the previous month.

On a seasonally adjusted monthly basis, retail sales climbed 6.3 percent - beating forecasts for 6.0 percent and up sharply from 0.3 percent a month prior.

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InstaForex Gertrude · Guru

Japan Retail Sales Spike 11.0% On Year In March

Retail sales in Japan surged 11.0 percent on year in March, the Ministry of Economy, Trade and Industry said on Monday, worth 13.731 trillion yen.

That was in line with forecasts following the 3.6 percent gain in February.

Sales from large retailers surged an annual 16.1 percent - topping expectations for 13.8 percent following the 1.3 percent increase in the previous month.

On a seasonally adjusted monthly basis, retail sales climbed 6.3 percent - beating forecasts for 6.0 percent and up sharply from 0.3 percent a month prior.

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InstaForex Gertrude · Guru

South Korea Current Account Surplus $7.35 Billion

South Korea saw an unadjusted current account surplus of $7.35 billion in March, the Bank of Korea said on Tuesday.That's up from the $4.52 billion surplus on February and the $3.61 billion surplus in January.

The financial account recorded a net outflow of 5.78 billion dollars, down from 6.92 billion dollars the previous month.

Seasonally adjusted, the current account surplus was $6.65 billion - down from $7.57 billion in February.

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InstaForex Gertrude · Guru

Yen Advances Against Majors

The Japanese yen climbed against other major currencies in early Asian deals on Wednesday.

The yen rose to 172.39 against the pound, 115.96 against the franc, 102.49 against the greenback and 93.59 against the loonie.

The yen climbed to a 2-day high of 141.52 versus the euro, compared to yesterday's closing quote of 141.59.

If the yen extends gain, it is likely to face resistance around 101.00 against the greenback, 115.00 against the franc, 140.00 against the euro, 171.5 against the pound and 92.00 against the loonie.

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InstaForex Gertrude · Guru

China Manufacturing PMI 48.1 In April - HSBC

China's manufacturing sector continued to contract in April, the latest survey from HSBC and Markit Economics revealed on Monday - with a final purchasing managers' index score of 48.1.

That was down from last month's flash estimate of 48.3, although it was up from the final March reading of 48.0.

A reading above 50 signals expansion in a sector, while a score below means contraction.

In all, the index shows that China's manufacturing sector has been in contraction for four straight months.

Among the individual components of the survey, output and new orders contract at slower rates, while staff numbers were cut for the sixth month in a row. There was also a solid reduction in both input and output prices.

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InstaForex Gertrude · Guru

NZ Dollar Climbs Against Majors

The New Zealand dollar drifted higher against other major currencies in Asian deals on Tuesday. The kiwi strengthened to 0.8705 against the greenback for the first time since April 11. The kiwi advanced to near a 4-week high of 88.90 against yen and a 3-week high of 1.5937 against the euro. The kiwi spiked up to 1.0670 against the aussie, a level not seen since April 1. The next possible upside target for the kiwi is seen around 0.879 against the greenback, 89.5 against the yen, 1.58 against the euro and 1.06 against the aussie

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InstaForex Gertrude · Guru

Australia Retail Sales Add 0.1% In March

Total retail sales in Australia were up a seasonally adjusted 0.1 percent on month in March, the Australian Bureau of Statistics said on Wednesday - coming in at A$23.149 billion. That was shy of forecasts for a gain of 0.4 percent following the upwardly revised gain of 0.3 percent in February (originally 0.2 percent). For the first quarter of 2014, retail sales climbed 1.2 percent on quarter to A$67.519 billion - in line with expectations, but missing forecasts for 1.6 percent after gaining 1.1 percent in the three months prior.

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InstaForex Gertrude · Guru

Pound Declines Against Most Majors

The pound slipped against most major currencies in Asian deals on Thursday. The pound dropped to a 2-day low of 1.6943 against the greenback, compared to Wednesday's closing quote of 1.6949. The pound edged down to 1.4843 against the franc and 0.8211 against the euro. If the pound continues its downtrend, it is likely to find support around 1.68 against the greenback, 1.475 against the franc and 0.83 against the euro.

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InstaForex Gertrude · Guru

U.S. Dollar Advances Against Majors

The U.S. dollar strengthened against its major rivals in Asian deals on Friday.

The greenback climbed to 0.8811 against franc, its highest since May 2. Against the euro and the pound, the greenback hit a weekly high of 1.3831 and a 3-day high of 1.6919, respectively.

Rebounding from an early low of 101.54 against the yen, the greenback edged up to 101.75.

The greenback may possibly face resistance around 102.5 against the yen, 0.89 against the franc, 1.375 against the euro and 1.68 against the pound.

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InstaForex Gertrude · Guru

Euro At Near 3-month Low Against Pound

The euro drifted lower against the pound in Asian deals on Monday. The euro slipped to 0.8158 against the pound, a level unseen since February 17. If the euro extends slide, it may face support around the 0.81 area. The pair was worth 0.8165 at Friday's close.

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InstaForex Gertrude · Guru

Australia Home Loans Dip 0.9% In March

The total number of home loans in Australia was down a seasonally adjusted 0.9 percent on month in March, the Australian Bureau of Statistics said on Tuesday, standing at 52,013. That was well shy of forecasts for an increase of 1.0 percent following the 2.3 percent gain in February. The value of housing loans was down 1.1 percent on month to A$27.346 billion. The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments surged 12.6 percent on month in March.

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InstaForex Gertrude · Guru

South Korea Export Prices Dip 2.5% In April

Export prices in South Korea were down 2.5 percent on month in April, the Bank of Korea said on Wednesday, after easing 0.4 percent in March. On a yearly basis, export prices dropped 7.3 percent after shedding 4.3 percent in the previous month. Import prices also were down 2.5 percent on month following the 0.5 percent fall in the previous month. On a yearly basis, prices tumbled 7.0 percent after shedding 4.5 percent a month earlier.

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InstaForex Gertrude · Guru

Yuan Rises To 8-day High Against U.S Dollar

The yuan strengthened against the U.S dollar in the early Asian session on Thursday. Against the greenback, the yuan rose to an 8-day high of 6.2250, up from yesterday's closing quote of 6.2292. The next possible upside target of the yuan is seen at 6.21. The People Bank of China set today's central parity rate for yuan at 6.1653. per dollar, compared to Friday's reference rate of 6.1640. The central bank sets the reference rate every morning and allows the currency to move upto 2 percent from that level.

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InstaForex Gertrude · Guru

Yen Little Changed Following Japan Industrial Production Data

Japan's final industrial production data for March was released at 12:30 am ET Friday. Following the data, the Yen little changed against other major currencies. As of 12:32 am ET, the Yen was trading at 139.20 against the Euro, 170.38 against the Pound, 113.98 against the Swiss franc and 101.48 against the U.S dollar.

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InstaForex Gertrude · Guru

Australian Dollar Falls Against Most Majors

The Australian dollar weakened against the most major currencies in the late Asian session on Monday. The Australian dollar fell to a 4-day low of 1.0160 against the Canadian dollar. The pair closed last week's deals at 1.0169. Against the yen, the Australian dollar slipped to 94.86, from early multi-day high of 95.20. The pair closed last week's deals at 95.04. The Australian dollar fell to 1.4652 against the euro and 0.9352 against the U.S dollar, from early multi-day highs of 1.4607 and 0.9376, respectively. The aussie closed last week's deals at 1.4625 against the euro and 0.9364 against the greenback. If the Australian dollar extends its fall, it is likely to find support around 1.00 against the Canadian dollar, 94.54 against the yen, 1.48 against the euro and 0.92 against the greenback.

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InstaForex Gertrude · Guru

Yen Slides Against Majors

The Japanese yen weakened against the other major currencies in early Asian deals on Tuesday. The yen slipped to 113.88 against the franc, 170.81 against the pound and a session's low of 101.59 against the greenback. The yen hit 139.30 against the euro, its lowest since May 16. The yen fell to 93.41 against the loonie, compared to yesterday's closing quote of 93.29. If the yen extends slide, it may face support around 102.00 against the greenback, 172.00 against the pound, 140.00 against the euro, 114.6 against the franc and 93.6 against the loonie.

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InstaForex Gertrude · Guru

Bank Of Japan Maintains Monetary Policy Unchanged

Following the conclusion of a 2-day monetary policy meeting, the Bank of Japan maintained status quo position with respect to its monetary policy. The Monetary Policy Board led by Governor Haruhiko Kuroda opted to persist with its policy of increasing the monetary base at an annual pace of 60-70 trillion yen despite cautioning of a reduction in demand and risk to economic growth due to the sales tax hike that came into effect in April.

The decision was adopted by an unanimous vote. The central bank continued to hold its economic assessment by repeating that the domestic economy is continuing to recover moderately as trend. At the same time, the bank indicated that demand has been hurt by the front-loaded increase before the tax hike. Among the changes observed in the commentary on growth was on public investment, which was termed as having leveled off at a high level.

The inflation commentary was also maintained unchanged. Going forward, the central bank expects the economy to continue a moderate recovery, as a trend, and the annual inflation, excluding the effects of the consumption tax hike, to be around 1.25 percent for some time. There was a dissension with respect to the time frame for the quantitative and qualitative easing, with the majority of the view that the measures have to be persisted as long as the 2 percent price stability target is maintained in a stable manner. Meanwhile, board member Takahide Kiuchi, who dissented, called for a time frame of about 2 years for the easing measures.

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InstaForex Gertrude · Guru

Canadian Dollar Strengthens Against Most Majors

The Canadian dollar advanced against most major opponents in Asian deals on Thursday. The loonie hit a 2-day high of 93.12 against the yen, following a multi-week low of 92.47 touched on Wednesday. The loonie edged up to 1.0904 against the greenback and 1.4915 against the euro. If the loonie extends gain, it may seek resistance around 1.08 against the greenback, 94.00 against the yen and 1.48 against the euro.

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InstaForex Gertrude · Guru

China Leading Index Slows In April - Conference Board

China's leading economic index, measuring the future economic conditions, continued to rise in April though at a slower rate, a report from the Conference Board showed Friday. The leading index, at 288.1, was up 0.9 percent month-over-month in April following a 1.1 percent increase in March. The coincident index that measures the current economic situation rose 0.4 percent in April after rising 1.3 percent in March. The slower rate of increase of the leading index was driven by a decrease in total industrial activity and retail sales, said the report. "Its overall expansion remains weaker than the latter half of 2013 and underlying volatility in the economy has increased. Subdued LEI growth, combined with growth rates in industrial activity and retail sales running at their lowest since 2004, suggest that the slower trend of economic growth will continue into the third quarter at least," said Andrew Polk, Conference Board economist.

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InstaForex Gertrude · Guru

Malaysian Ringgit Rises To 4-day High Against U.S. Dollar

The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Monday. Against the greenback, the ringgit rose to a 4-day high of 3.2069, from last week's closing quote of 3.2120. If the ringgit extends it rise, it is likely to find resistance around the 3.19 area.

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InstaForex Gertrude · Guru

Indian Rupee Falls To 11-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the morning deals on Tuesday. Against the greenback, the rupee fell to an 11-day low of 58.9705, from yesterday's closing quote of 58.7350. If the rupee extends its slide, it is likely to find support around the 59.57 zone. The rupee is seeing a pullback after its recent rally, triggered by the election of Narendra Modi as India's 15th Prime Minister. Modi was sworn in as the country's executive head yesterday and the swearing in ceremony was attended by heads of neighboring countries, industrialist and celebrities among others.

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InstaForex Gertrude · Guru

Indian Rupee Slips To Nearly 2-week Low Against U.S. Dollar

The Indian rupee dropped against the U.S. dollar in the morning deals on Wednesday. Against the greenback, the rupee fell to nearly a 2-week low of 59.2100, down from yesterday's closing quote of 58.9800. If the rupee extends its downtrend, it is likely to find support around the 59.70 area.

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InstaForex Gertrude · Guru

Philippine Q1 GDP Growth Slows; Trails Expectations

The Philippine economy grew at a slower-than-expected rate in the first quarter of 2014, figures from the National Statistical Coordination Board showed Thursday.

Gross domestic product for the first quarter rose 5.7 percent year-over-year, trailing expectations of a 6.4 percent increase. This follows the revised 6.3 percent rise in the previous quarter.

The industry sector, one of the three major sectors contributing to the GDP, grew at a year-over-year rate of 5.5 percent in the first quarter, lower by 11.3 percent compared to the same quarter of the previous year and 7.6 percent compared to the previous quarter.

The services sector contributed 3.8 percentage points to the GDP growth, followed by the industry sector and the agriculture sector contributing 1.8 and 0.1 percentage points, respectively.

The gross national income grew by 7.6 percent owing to an increase of 17.3 percent in the net primary income from the rest of the world.

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InstaForex Gertrude · Guru

UK Consumer Confidence Hits Nine-Year High

An index measuring consumer sentiment in the United Kingdom came in with a score of 0 in May, polling company GfK said on Friday.

That beat forecasts for a score of -2 and was up from -3 in April. The May reading represents a nine-year high score for the index.

Also on Friday, property tracking website Hometrack said that house prices in the UK were up 0.5 percent on month and 6.1 percent on year.

That follows the 0.6 percent monthly increase and the 6.0 percent yearly gain in April.

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InstaForex Gertrude · Guru

Singapore Dollar Off Multi-week Low Against U.S. Dollar

The Singapore dollar trimmed its early losses against the U.S. dollar in Asian deals on Tuesday. The Singapore dollar that fell to a multi-week low of 1.2571 against the greenback in early deals reversed direction with pair trading around 1.2556. The pair was worth 1.2569 at yesterday's close.

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InstaForex Gertrude · Guru

Malaysian Ringgit Falls To Near 3-week Low Against U.S. Dollar

The Malaysian Ringgit lost ground against the U.S. dollar in Asian deals on Wednesday. The ringgit fell to 3.2370 against the greenback, its weakest since May 14. On the downside, the ringgit may find support around the 3.24 zone. At yesterday's close, the pair was quoted at 3.2305.

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InstaForex Gertrude · Guru

Philippines Producer Prices Rise For Second Month

Philippine producer prices increased for the second straight month in April, led by the higher uptick of petroleum products, figures from the National Statistical Office showed Thursday. The producer price index rose 0.1 percent year-on-year in April, slower than March's revised 0.3 percent increase. In February , prices fell 0.6 percent. Prices of petroleum products jumped 13.6 percent annually in April. Cost of food manufacturing and electrical machinery also grew by 4.5 percent and 4.0 percent, respectively. At the same time, prices of furniture and fixtures logged a sharp decline of 27.9 percent. On a monthly basis, producer prices dropped 0.5 percent in April, in contrast to the 0.2 percent growth in the previous month.

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InstaForex Gertrude · Guru

New Zealand House Prices Continue To Rise In May

House prices in New Zealand continued to rise for the second consecutive month in May while sales volume declined, figures from Quotable Value, QV, showed Friday. The QV Residential Price Movement Index rose 8.2 percent year-over-year in May. The index stood 13.9 percent higher than the previous market peak of 2007. After adjusting for inflation, house prices fell 6.6 percent year-over-year and remained 2.2 percent below the 2007 peak. "Sales volumes around the country are 10 to 15 percent lower than they were this time last year which could be a normal winter seasonal effect but it could also be a precursor to values dropping," said QV National Spokesperson Andrea Rush. "The LVR lending restrictions continue to have an effect in many of the regions with activity significantly slower at the entry level end of the market."

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InstaForex Gertrude · Guru

Australian Dollar Climbs Against Most Majors

The Australian dollar advanced against most major currencies in early Asian deals on Monday. The aussie hit 95.91 against the yen for the first time since May 14. The aussie that closed Friday's deals at 0.9327 against the greenback and 1.0196 against the loonie rose to 0.9350 and 1.0224, respectively. The aussie edged up to 1.4590 against the euro, compared to last week's closing quote of 1.4606. If the aussie extends gain, it may face resistance around 0.94 against the greenback, 97.4 against the yen, 1.45 against the euro and 1.035 against the loonie.

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InstaForex Gertrude · Guru

Philippine Export Growth Weakens Sharply In April

Philippines merchandise export growth weakened considerably in April, defying expectations for a strong increase , preliminary figures from the Philippine Statistical Authority showed Tuesday.

Total exports of the country advanced 0.8 percent year-on-year in April, after a 12.4 percent climb in the previous month, well below economists' forecast for 10.0 percent of growth.

Shipments of electronic products dropped 2.5 percent annually in April. A year ago, exports of this category of goods had risen 12.2 percent. Exports of other manufactured products also declined by 12.2 percent. Meanwhile, exports of processed food and beverages jumped 110.1 percent in April and that of other mineral products by 30.9 percent.

In the first four month period, total merchandise exports expanded 5.4 percent to $ 18.859 billion from $17.894 billion in the same period last year.

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InstaForex Gertrude · Guru

Yen Advances Against Majors

The Japanese yen strengthened against its major counterparts in Asia on Wednesday. The yen bounced back to 102.29 against the greenback, from an early low of 102.38. The yen climbed to 138.33 against the euro, its strongest since May 30, and a 9-day high of 113.56 against the franc. The yen hit 171.23 against the pound, its strongest since June 2. The next possible upside target level for the yen is seen around 101.5 against the greenback, 170.5 against the pound, 113.00 against the franc and 137.4 against the euro.

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InstaForex Gertrude · Guru

Australia Unemployment Rate Stable In May

The unemployment rate Australia remained stable for the third consecutive month in May, a report from the Australian Bureau Of Statistics showed Thursday.

The unemployment rate came in at 5.8 percent in May, the same rate as in April and March. Compared to a year ago, the unemployment rate rose 0.3 percentage points in May.

The number of unemployed people rose by 3,200 over the month to 717,100 in May. Out of the total, the number of unemployed looking for full-time work rose 9,000 to 529,700 and for part-time it decreased 5,900 to 187,400.

The number of employed people fell 4,800 over the month to 11,564,600. The number of full-time employees rose 22,200 while number of part-time employees fell 27,000 in May.

However, the participation rate fell to 64.6 in May from 64.7 in April.

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InstaForex Gertrude · Guru

Yuan Strengthens To 2-month High Against U.S. Dollar

The Yuan strengthened against the U.S. dollar in the Asian session on Friday. Against the greenback, the yuan rose to a 2-month high of 6.2066. At yesterday's close, the yuan was trading at 6.2180. If the yuan extends its gain, it is likely to find resistance around the 6.19 area. The People Bank of China set today's central parity rate for yuan at 6.1503 per dollar, compared to Thursday's reference rate of 6.1516. The central bank sets the reference rate every morning and allows the currency to move upto 2 percent from that level. Traders focus on China's industrial production, retail sales and fixed asset investment data for May due shortly.

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InstaForex Gertrude · Guru

New Zealand Growth To Accelerate In FY 2015 - NZ Institute For Economic Research

The consensus forecast for New Zealand is optimistic for 2015, data from the New Zealand Institute of Economic Research showed Monday. According to consensus forecasts, economic growth is expected to accelerate to 3.8 percent in the year ending March 2015 from 3.1 percent in the previous year. Broad based growth across household spending, investment and exports is forecast. Economic growth is likely to moderate to 2.8 percent and 2.1 percent in 2016 and 2017, respectively. Residential construction surge is estimated to continue for the upcoming five years and exports are expected to rebound after remaining almost flat in the past year. An improvement in the labour market is forecast, with the unemployment rate likely to fall to an average of 5 percent from the historically high levels of 5.9 percent. Wages are expected to increase, growing 3.1 percent on an average over the upcoming 3 years, and supporting household spending. Consumer price inflation is expected to flatten over the next two years.

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InstaForex Gertrude · Guru

Yen Declines Against Majors

The Japanese yen lost ground against its key counterparts in Asian deals on Tuesday. The yen fell to 4-day lows of 138.45 against the euro, 113.64 against the franc and 94.02 against the loonie. The yen dropped to 173.13 against the pound and 102.06 against the greenback, compared to yesterday's closing values of 172.88 and 101.82, respectively. If the yen declines further, it may find support around 102.5 against the greenback, 114.00 against the franc, 174.00 against the pound, 139.5 against the euro and 94.7 against the loonie.

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InstaForex Gertrude · Guru

China House Prices Growth Continues To Slow

House prices in China rose at a slower rate in May, figures from Reuters based on a National Bureau of Statistics report showed on Wednesday.

New house prices in the major cities of China increased 5.6 percent year-over-year in May compared with a 6.7 percent rise in April. The growth in house prices has been slow since late 2013 due to the effect of a sustained campaign to keep a check on speculative investment and easy credit, the bureau said.

The slower rate of growth in the housing market, accounting for 20 percent of China's GDP, dragged the first quarter GDP to 7.4 percent year-over-year.

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InstaForex Gertrude · Guru

Canadian Dollar Strengthens To Nearly 3-week High Against U.S. Dollar

The Canadian dollar strengthened against the U.S. dollar in the Asian session on Thursday. Against the greenback, the loonie advanced to nearly a 3-week high of 1.0825. The loonie may test resistance near the 1.07 zone.

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InstaForex Gertrude · Guru

Japan Manufacturing PMI Rises To 51.1 In May - Markit

An index monitoring the manufacturing sector in Japan came in with a score of 51.1 in May, the latest survey from Markit Economics revealed on Monday - up from 49.9 in April.

That pushes the index into expansionary territory, as a score above 50 signals growth in a sector while a reading below means contraction.

Among the individual components of the survey, the output index rose for the first time in three months to 51.8 - signaling expansion.

New orders also moved into growth, while input prices, stocks of purchases, stocks of finished goods and quantity of purchases continued to expand.

New export orders, employment, backlogs of work and output prices slowed, and supplier delivery times were unchanged.

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InstaForex Gertrude · Guru

China Leading Index Slows To 0.7% In May - Conference Board

A leading economic index for China continued to expand in May, albeit at a slower pace, the latest survey from the Conference Board revealed on Tuesday.

The group's leading economic index was up 0.7 percent last month to a score of 290.2. That follows 1.0 percent increases in both April and March.

The coincident index was also up 0.7 percent in May, the data showed, with a score of 259.7. That was unchanged from the previous month and down from 1.5 percent in March.

"While the Leading Economic Index for China increased in May, its rate of increase has slowed considerably in recent months. The LEI, and its underlying components, suggest continued weaknesses in China's real economy in the coming months," said Jing Sima, Economist at The Conference Board.

"April's sharp improvement in the real estate sector was short-lived and consumers remain in a pessimistic mood. Moreover, the Coincident Economic Index indicates the rate of current economic activity is substantially lower than last year."

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Philippines Trade Deficit $743 Million In April

The Philippines saw a merchandise trade deficit of $743 million in April, the National Statistics Office said on Wednesday - following the $146 million shortfall in March.

Imports added an annual 3.0 percent in April to $5.309 billion - down from $5.42 billion in the previous month.

Through the first four months of the year, imports climbed 9.9 percent on year to $19.590 billion.

Export data, which was released two weeks ago, showed an increase of 0.8 percent to $4.506 billion.

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