Forex News from InstaForex

[InstaForex Gertrude]

Dear traders, participants and guests of the portal!

In this thread we present fresh Forex news. Our news contain exhaustive information about topical events and facts of the financial world; we offer international statistical data in order to help you correct and enhance your trading strategy. We also present video news from InstaForex-TV portal. InstaForex-TV channel provides the latest information about fluctuations of currency rates and forecasts their influence on the future movement of currencies. Our news will be especially useful if you prefer intraday trading and use fundamental analysis.

[InstaForex Gertrude]

South Korea Consumer Confidence Rises In August

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An index measuring consumer confidence in South Korea was up in August, the Bank of Korea said on Wednesday, coming in with a score of 107.0 - up from 105.0 in July. Consumer sentiment on current living standards was one point higher than in the previous month at 92, while that for their outlook remained the same at 100. Consumer sentiment regarding current domestic economic conditions was up by six points compared to July, at 81, while that for their future outlook was eight points higher at 100. Consumer sentiments on prospective changes in household income and on expected spending stood at 101 and 109 respectively, unchanged from the month before. The expectation for inflation over the following year was 2.8 percent.

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[InstaForex Gertrude]

South Korea Has $7.91 Billion Current Account Surplus

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South Korea posted an unadjusted current account surplus of $7.91 billion in July, the Bank of Korea said on Thursday - remaining in the black for the 29th consecutive month. The headline figure is little changed from June's surplus of $7.92 billion. The goods account surplus widened to $6.86 billion, from $6.65 billion in the previous month. The services account deficit narrowed to $0.01 billion from $0.58 billion a month earlier as deficit on the use of intellectual property account improved, the bank said. The primary income account surplus narrowed to $1.49 billion from $2.23 billion in the previous month due to a substantial decrease in income on the equity account. The secondary income account recorded a deficit of $0.43 billion. The financial account recorded a net outflow of $5.92 billion, down from $9.84 billion in June. Direct investment recorded a net outflow of $1.01 billion down from $2.06 billion a month earlier, as residents' outward investment decreased. Portfolio investment recorded a net outflow of $1.74 billion, down from $4.22 billion in June, due primarily to a large net inflow of foreign investors' equity securities investment. Financial derivatives posted a net inflow of $0.50 billion. Other investment shifted to a net outflow of $0.34 billion, from a net inflow of $0.28 billion in the previous month due mostly to increased lending by domestic financial institutions. Reserve assets increased by $3.33 billion. Through the first seven months of 2014, the current account surplus is $47.1 billion.

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[InstaForex Gertrude]

UK Consumer Confidence Index Rebounds In August

An index measuring consumer confidence in the United Kingdom climbed back into positive territory in August with a score of +1, GfK said on Friday. That beat expectations for a score of -1 following the -2 reading in July. The August reading matched the nine-year high mark in June. "There is no guarantee how long this stable position will last - a rush of good or bad economic news could set off a marked rise or fall, but things could stay like this for a while," said Nick Moon, managing director of social research at GfK.

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[b!z]

thanks for the forex news

[InstaForex Gertrude]

Japan July Labor Cash Earnings Growth Quickens Unexpectedl

Total labor cash earnings in Japan grew at a faster rate in July, defying expectations of a slow down, a report from the Ministry of Health, Labor and Welfare showed Tuesday. Total earnings increased 2.6 percent year-over-year in July following the revised 1 percent rise in June. Economists had expected earnings to grow 0.9 percent. Contractual earnings climbed 0.9 percent, after the 0.4 percent increase in June. Scheduled earnings rose 0.7 percent in July, which was faster than the revised 0.2 percent growth in the previous month.

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[InstaForex Gertrude]

New Zealand Building Value Gains 1.0% In Q2

The value of all building in New Zealand added a seasonally adjusted 1.0 percent on quarter in the second quarter of 2014, Statistics New Zealand said on Wednesday. The unadjusted value of all building activity in Q2 was NZ$3.8 billion, including NZ$2.3 billion residential building work, and NZ$1.4 billion non-residential building work. The headline figure beat expectations for a flat reading on quarter following the downwardly revised 15.0 percent surge in the first quarter (originally 16.0 percent). Non-residential building activity volume climbed a seasonally adjusted 2.5 percent, while residential building activity was unchanged from last quarter. "The trend for all building activity has been generally rising for nearly three years, and is just 0.7 percent lower than the series high in the June 2005 quarter," said business indicators manager Neil Kelly. On a yearly basis, building activity grew most in Auckland and Canterbury regions this quarter. The non-residential buildings volume trend is now 19 percent higher than the most recent low point in the September 2013 quarter, the bureau said, and is just 1.3 percent lower than the series high eight years ago in the March 2006 quarter. Growth continues in the residential building volume trend; however, it is still 7.0 percent lower than the series high in the June 2004 quarter. The all buildings volume trend has been generally rising for 11 quarters, and is now just 0.7 percent lower than the series high in the June 2005 quarter.


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[InstaForex Gertrude]

South Korea GDP Expands 3.5% In Q2

South Korea's gross domestic product expanded 3.5 percent on year in the second quarter of 2014, the Bank of Korea said in Thursday's preliminary reading. That was a slight downward revision from July's advance estimate which suggested an increase of 3.6 percent. It also slowed from the 3.9 percent gain in the first quarter. On a seasonally adjusted annualized quarterly basis, GDP expanded 0.5 percent - also a downward revision from the 0.6 percent increase originally reported. GDP was up 0.9 percent on quarter in Q1.

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[InstaForex Gertrude]

Construction Sector Expands Again In August - AiG
The construction sector in Australia expanded at an accelerated pace in August, the latest survey from the Australia Industry Group revealed on Friday with a performance of construction index score of 55.0. That touches a nine-month high for the index, which came in at 52.6 in July. A reading above 50 signals expansion in a sector, while a score below means contraction. Among the individual components of the survey, apartment building, house building and commercial construction all continued to expand, while engineering construction remained in contraction.

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[teodor87]

You're one of the worst (level 3 - winning from people's losses) forex resellers.

[InstaForex Gertrude]

New Zealand Q2 Manufacturing Activity Slows
The total volume of sales for manufacturing activity dropped a seasonally adjusted 0.7 percent in the second quarter of 2014 compared to9 the previous three months, Statistics New Zealand said on Monday - following the 0.5 percent gain in Q1. Excluding meat and dairy product manufacturing, sales were up 0.1 percent on quarter. Meat and dairy product manufacturing fell 1.4 percent. "Meat and dairy manufacturing sales have edged down in the last two quarters following a large rise in the December 2013 quarter," business indicators manager Neil Kelly said. Among the other components of the data, sales for chemical, polymer, and rubber product manufacturing fell 3.0 percent, while sales for petroleum and coal product manufacturing advanced 2.4 percent. By value, total manufacturing tumbled 1.9 percent on quarter, or NZ$481 million. Excluding meat and dairy product manufacturing, sales eased 0.2 percent. Meat and dairy product manufacturing dropped 5.7 percent, or NZ$485 million. The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, has flattened after recent rises, the bureau said.

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[InstaForex Gertrude]

New Zealand August Retail Credit Card Spending +0.5%

Retail credit card spending in New Zealand added a seasonally adjusted 0.5 percent on month in August, Statistics New Zealand said on Tuesday. That missed forecasts for an increase of 0.6 percent following the upwardly revised 0.1 percent gain in July (originally flat). Total credit card spending was up 0.3 percent on month following the 0.2 percent decline in the previous month.

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[InstaForex Gertrude]

Japan Corporate Goods Prices Ease 0.2%

An index measuring domestic corporate goods prices in Japan was down a seasonally adjusted 0.2 percent on month in August, the Bank of Japan said on Wednesday. That missed forecasts for a flat reading following the upwardly revised 0.4 percent increase in July (originally 0.3 percent). On a yearly basis, corporate goods prices were up 3.9 percent - also shy of expectations for a gain of 4.1 percent following the 4.3 percent increase in the previous month.

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[InstaForex Gertrude]

UK House Price Balance Tumbles In August - RICS

The house price balance in the United Kingdom fell all the way to 40 percent in August, the Royal Institution of Chartered Surveyors said on Thursday. That was well shy of forecasts for 47 percent and down sharply from the downwardly revised 48 percent in July (originally 49 percent). In the London area, house prices were higher for a balance of nine percent of agents - slowing from 11 percent in the previous month. "Some of the momentum has come out of the housing market of late reflecting in part concerns over a likely rise in the cost of borrowing at some point in the not too distant future," said Simon Rubinsohn, RICS chief economist.

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[CSI_Tech_Dept]

It's a good news that you are providing  news on fundamental analysis. I hope we will get update on every hour.

[InstaForex Gertrude]

Nzdusd plumbed Lowest Level Since 4 Feb Circa 0.8161 As Early Europe reacted to Rbnz

NY buyers out of the blocks, 0.8210 reclaimed buoyed by gains vs AUD & CAD  Best of commodity currency bloc as focus now on AUD and CAD unwind  Price action leaves Wed's cross low circa 1.1084 exposed, AUD/NZD last at 1.1110  News BNZ/Bis NZ Mfg PMI in August at 56.5 from 53.5 prior proffered modest Rate sits 0.8192/94, direct NZD sidelined, cross currents dominate for now

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[InstaForex Gertrude]

New Zealand Services Sector Continues To Expand In August

The services sector in New Zealand continued to expand in August, albeit at a slightly lower pace, the latest survey from Business NZ revealed on Monday with a performance of services index score of 59.7. That's down from 58.4 in July, although it remains well above the line of 50 that separates expansion from contraction. Among the individual components of the survey, all five elements were in expansion, including employment, stocks and inventories, and new orders. By region, growth was strongest in the Northern region, Central, Canterbury and Otago.

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[InstaForex Gertrude]

Calpers Scraps Hedge Fund Strategy, Pulls Usd4 Bln from Funds

USD300 bln pension fund aims to reduce "complexity and costs"  Will exit 24 hedge funds & 6 hedge fund-of-funds over next year  Has signaled for months it would cut hedge fund allocation  Small amount but could spur other pension funds to review strategy

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[InstaForex Gertrude]

New Zealand Has NZ$2.0 Billion Current Account Deficit

New Zealand posted a seasonally adjusted current account deficit of NZ$2.0 billion in the second quarter of 2014, Statistics New Zealand said on Wednesday. That followed the downwardly revised NZ$0.6 billion shortfall (originally a surplus of NZ$1.407 billion). "The value of goods exports fell over a range of commodities, with dairy the most significant contributor this quarter," international statistics manager Jason Attewell said. Exports of goods fell NZ$1.1 billion. For the year ended June 2014, the current account deficit was NZ$5.8 billion (2.5 percent of GDP); it was 2.7 percent of GDP for the year ended March 2014, or NZ$6.0 billion. The latest deficit is $2.1 billion smaller than that for the year ended June 2013, which was 3.7 percent of GDP. New Zealand's net international liability position, which measures the value of our overseas assets less our overseas liabilities, was NZ$149.7 billion (65.3 percent of GDP) at 30 June 2014. The net liability position is now $1.4 billion smaller than at 31 March 2014 due to valuation changes, the statistics bureau said. "This is the smallest net liability position as a percentage of GDP in almost 13 years," Attewell said. New Zealand's external debt position increased $2.0 billion, to $142.3 billion (62.1 percent of GDP) in Q2.

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[trattrat]

Thanks for the news guys,i like what you are doing