Forex-news from InstaForex

[IFXYana]

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In this thread we present fresh Forex news provided by InstaForex Company. 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.

[IFX_Kseniya]

China Inflation to Stay "modest" at 3-5 Pct - Govt Researcher

News:
Xu Lianzhong, a director at NDRC said that inflation in China will stay at a modest 3-5 pctfor a long time due to rising costs at home and higher commodity prices abroad
He opined that China's monetary policy tightening couldn't address food-driven inflation
Quotes:
"As grains, vegetables and pork prices are rising because of supply problems, we can't control price rises by curbing overall money supply," - Xu wrote


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[IFXYana]

China Warns Independents Against Running for Local Legislatures

News:
In another sign of tightening political controls, China warned independents against contesting for local legislatures.

The warningcame in response to a small but spreading online campaign by dozens who hope to fight for seats on local legislatures with no endorsement from the Party.

China's leaders have been shaken by anti-authoritarian uprisings across the Arab world, which they fear could inspire challenges to their grip on power.

Quotes:
"There are no so-called 'independent candidates', and there is no legal basis for 'independent candidates'," said the NPC official quoted in the People's Daily.

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[IFXYana]

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[IFX_Kseniya]

Ecb's Trichet: Nations With Weak Structural Reforms have faced Slow Growth

News:
ECB's Trichet reported that nations that did not undergo far-reaching structural reforms have faced slow growth.
Trichet repeated ECB's warning that the new EU debt rules had not gone far enough.
Quotes:
"Those countries that have yet to implement more far reachingstructural reforms also have relatively low growth prospects after thecrisis," Trichet said.
"Results (of analysis) suggest that those who are questioning theviability of the euro area as a single currency area on the grounds ofeconomic heterogeneity are misguided," Trichet added.

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[IFXYana]

U.S. Dollar Slightly Off Early Highs Against Most Majors

The U.S. dollar eased slightly from early Monday Asian session's highs against most major currencies in later part of the deals.
The greenback eased slightly from an 11-day high of 1.4323 against the euro, 10-day high of 80.70 against the yen, 4-day high of 0.9801 against the loonie, 12-day high of 0.8470 against the franc and near a 3-week high of 1.0527 against the aussie.
The greenback is now trading at 1.4340 against the euro, 80.45 against the yen, 0.9766 against the loonie, 0.8453 against the franc and 1.0552 against the aussie.

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[IFXYana]

Euro Hits 4-day High Against Dollar And Yen

In the Asian session on Tuesday, the euro edged up against its US and Japanese counterparts. As of now, the euro is trading at a 4-day high of 115.91 against the yen and 1.4442 against the dollar, compared to yesterday's close of 115.66 and 1.4417, respectively. The next upside target level for the European currency is seen at 1.450 against the dollar and 116.5 against the yen.


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[hiseredman]

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[IFXYana]

Euro Falls Against Most Majors

The euro declined against its most major counterparts in the early Asian session on Wednesday on worries over Eurozone debt crisis.
The talks held by the Eurozone finance ministers failed to reach a consensus regarding second bailout for Greece.
The euro declined to a 2-week low against the loonie and the aussie.
The euro is now trading at 1.2177 against the franc and 1.4418 against the greenback, compared to Tuesday's close of 1.2209 and 1.4441, respectively. The next downside target level for the euro is seen at 1.21 against the franc and 1.42 against the greenback.
Against the pound and the yen, the euro is worth 0.8811 and 115.94, respectively. If the euro falls further, it may target 0.875 against the pound and 113.00 against the yen. The euro closed Tuesday's trading at 0.8824 against the pound and 116.23 versus the yen.
The euro fell to a 2-week low of 1.3969 against the loonie and 1.3502 against the aussie in the Asian session. The European single currency is now quoted at 1.3507 against the aussie and 1.3979 versus the loonie and the next downside target level for the euro is seen at 1.34 against the aussie and 1.38 versus the loonie. At Tuesday's close, the euro-loonie pair was worth 1.3985 and euro-aussie pair was worth 1.3518.
Consumer sentiment in Australia declined in May, according to index readings reported today by Westpac Bank and the Melbourne Institute.
The consumer sentiment index declined 2.6 percent in June compared to May. The reading of 101.2 was the lowest in two years. The index was at a seasonally adjusted 103.9 for May.
Meanwhile, a report from the Australian Bureau of Statistics said that the total number of housing starts in Australia was up a seasonally adjusted 3.1 percent in the first quarter of 2011 compared to the previous three months. That was well above analyst expectations for a decline of 0.8 percent following the upwardly revised fall of 4.0 percent in the fourth quarter of 2010.
In the European session, French CPI, Switzerland's producer and import prices data and the U.K. claimant count rate - all for May and the Eurozone industrial production for April are due for release.
Canada's manufacturing shipments for April is due at 8:30 am ET.
The U.S. CPI for May, results of the New York Federal Reserve's empire state manufacturing survey for June, Treasury Department's report on the flows of financial instruments into and out of the U.S. for April, industrial production for May and the NAHB housing market index for June are expected to influence trading in the North American session.


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[IFXYana]

The InstaForex is very good service for Brokers and regular traders. Its prediction is almost very cool and trend information is 100%.

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