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EUR/USD pulled down by EZ inflation and Greece FXStreet FXStreet (Barcelona) - With Eurozone inflation remaining low, and no solution for the Greece funding issue, EUR/USD trades under pressure, notes Valeria Bednarik, Chief Analyst at FXStreet, and further expects a break below 1.0710 to confirm a probable move towards 1.0660. Key Quotes The EUR/USD pair extended its decline this Tuesday, down to 1.0712 in the European morning on broad dollar strength. The pair found some short term demand around the 23.6% of the 1.1533/1.0461 monthly slide, albeit the recovery remains shallow, limited around 1.0760. Fundamentally, news came from Germany and resulted for the most positive, with unemployment down to 6.4% in March and Retail Sales up 3.6% in February, slightly below the 3.7% expected. But the good news were not enough to overshadow the fact that Greece and the EU have not yet found a solution to the debt problem of the troubled country that is in a brink of running out of cash and that the EZ inflation remains extremely low. During the US session, several FOMC members will be offering different speeches, which can affect the dollar accordingly to their hawkishness when it comes to a rate hike. In the meantime, the 1 hour chart shows that the price extended far below its moving averages, whist the technical indicators correct oversold readings, aiming higher below their mid-lines. In the 4 hours chart however the technical outlook favors the downside, with a break below 1.0710 required to confirm a new leg south towards the 1.0660 price zone. Support levels: 1.0710 1.0660 1.0620 Resistance levels: 1.0760 1.0800 1.0840 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD struggles to rise above 1.48 FXStreet (Mumbai) - The GBP/USD pair was rejected by 1.58 levels for the second time today, despite the upward revision of the Q4 2014 GDP and a fall in Q4 current account deficit. GBP lacks support of Gilt yields Despite the upward revision of the Q4 GDP the Gilt yields are trading moderately lower. The 10-year Gilt yield in the UK has weakened to 1.572% from the high of 1.6%. Consequently, the British Pound has been unable to capitalize on the positive economic data. So far, the pair has managed to sustain above 1.4750 levels as the Treasury yields have weakened as well. An upbeat US consumer confidence and Chicago PMI data due later today, could drive the pair to fresh session lows. GBP/USD Technical Levels The immediate resistance is seen at 1.4819, above which gains could be extended to 1.4878 levels. On the flip side, a break below 1.4749 could drive the pair lower to 1.47 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

NZD/USD might end 2015 at 0.68 BAML FXStreet (Barcelona) - Yang Chen, Rates Strategist at BofA-Merrill Lynch, explains that NZD strength might lead the RBNZ to shift to an easing bias, and further expects AUD/NZD to remain range-bound in the near term and NZD/USD to end the year at 0.68. Key Quotes The RBNZs neutral stance at its March monetary policy meeting (RBNZ on hold with a gradual evolution policy,12 March), together with a relatively dovish Fed, make the NZD one of the two major currencies globally that appreciated the USD over the past month (the other being the CNY). This sent the trade weighted index to the upper bound of the 75-80 range it remained since Aug 2014. There remains a risk of the RBNZ shifting to an easing bias if the NZD remains strong, in our view. In the March MPS, the RBNZ switched to a flat 90d bill forecast, as opposed to gradually higher rates, which is a big change. The RBNZ has lowered its 1Q15 inflation forecast to 0%, and the key is whether current low inflation will pass on to the inflation expectations. Hence, the 1Q CPI inflation figure (on 20 April) and OCR meeting (on 30 April) will be critical for the evolution of NZD/USD going forward. We retain our forecast for the NZD/USD at 0.68 by the end of the year. AUD/NZD looks undervalued relative to their respective economic surprise index, but the pair will likely trade range bound for now with a neutral RBNZ and lack of data prior to late April. The risk to our view is an aggressive easing from the PBoC, especially in the housing market, which should benefit AUD more than the NZD. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Long GBP/USD, target 1.5000 GrowthAces FXStreet (Barcelona) - With GBP/USD pressured by election uncertainty, the Growth Aces Research Team remains bullish on the pair, expecting a soft US NFP to push the pair higher towards 1.5000 levels. Key Quotes The GBP is weakening against the USD despite good Britains GDP data. However, the GBP appreciated against the EUR after the release and the EUR/GBP fell to a low of 0.7256. The GBP is still under pressure of political uncertainty. Britain holds a parliamentary election on May 7 and the latest opinion polls point to a hung parliament in which no single party can form a government on its own. A broad USD strength poses a risk to our long GBP/USD position. However, we stay long. The target is likely to be achieved in case of weaker U.S. non-farm payrolls on Friday. Resistance: 1.4817 (hourly high Mar 31), 1.4901 (high Mar 30), 1.4923 (high Mar 27) Support: 1.4752 (low Mar 30), 1.4722 (low Mar 20), 1.4689 (low Mar 19) GBP/USD: long at 1.4820, target 1.5000, stop-loss 1.4740, risk factor *** OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Long GBP/USD, target 1.5000 GrowthAces FXStreet (Barcelona) - With GBP/USD pressured by election uncertainty, the Growth Aces Research Team remains bullish on the pair, expecting a soft US NFP to push the pair higher towards 1.5000 levels. Key Quotes The GBP is weakening against the USD despite good Britains GDP data. However, the GBP appreciated against the EUR after the release and the EUR/GBP fell to a low of 0.7256. The GBP is still under pressure of political uncertainty. Britain holds a parliamentary election on May 7 and the latest opinion polls point to a hung parliament in which no single party can form a government on its own. A broad USD strength poses a risk to our long GBP/USD position. However, we stay long. The target is likely to be achieved in case of weaker U.S. non-farm payrolls on Friday. Resistance: 1.4817 (hourly high Mar 31), 1.4901 (high Mar 30), 1.4923 (high Mar 27) Support: 1.4752 (low Mar 30), 1.4722 (low Mar 20), 1.4689 (low Mar 19) GBP/USD: long at 1.4820, target 1.5000, stop-loss 1.4740, risk factor *** OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Good Friday and Easter Trading Schedule! OctaFX would like to inform you of the changes in the trading schedule for XAU/USD and XAG/USD instruments due to Good Friday. April 3 trading on XAU/USD and XAG/USD is closed. Trading on metals reopens Monday with Market opening. Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day. We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected] . Thank you for choosing OctaFX as your top-notch Forex Broker! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Wishing you luck and profitable trading, yours truly, OctaFX! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

OctaFX.com-Good Friday and Easter Trading Schedule! OctaFX would like to inform you of the changes in the trading schedule for XAU/USD and XAG/USD instruments due to Good Friday. April 3 trading on XAU/USD and XAG/USD is closed. Trading on metals reopens Monday with Market opening. Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day. We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected] . Thank you for choosing OctaFX as your top-notch Forex Broker! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Wishing you luck and profitable trading, yours truly, OctaFX! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

USD/RUB seen back above 60.00 TDS FXStreet (Edinburgh) - There could be further weakness in store for the Russian currency, pushing the pair higher, suggested strategists at TD Securities. Key Quotes In Russia, CPI data is expected to show inflation remaining around the 16.7% level seen in February, suggesting that we are close to the peak. Yet, a more important local driver is the end of the tax period (large tax payments of RUB800bn+ due on 25 and 30 March have supported the RUB), which, in conjunction with weaker oil prices, is likely to push USDRUB higher (possibly back to 60.00). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Personal income in the US rose 0.4% in February FXStreet (Mumbai) - The data released by the US department of commerce on Monday showed personal income rose 0.4% in February compared to the expectation of a 0.3% rise. The personal income rose 0.4% in January. The personal spending in February rose 0.1% month-on-month, compared to the expectation of a 0.2% rise. Personal spending had suffered a drop of 0.2% in January. Meanwhile, core personal consumption expenditure (PCE) - price index was a touch higher at 1.4% year-on-year in February, compared to 1.3% in January. Month-on-month core PCE rose 0.1% in February. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Personal income in the US rose 0.4% in February FXStreet (Mumbai) - The data released by the US department of commerce on Monday showed personal income rose 0.4% in February compared to the expectation of a 0.3% rise. The personal income rose 0.4% in January. The personal spending in February rose 0.1% month-on-month, compared to the expectation of a 0.2% rise. Personal spending had suffered a drop of 0.2% in January. Meanwhile, core personal consumption expenditure (PCE) - price index was a touch higher at 1.4% year-on-year in February, compared to 1.3% in January. Month-on-month core PCE rose 0.1% in February. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD sees scope to test 1.4690 FXStreet FXStreet (Barcelona) - With technicals suggesting the strong bearish momentum for GBP/USD is building, a move towards 1.4690 might be possible on a break below 1.4730, explains Valeria Bednarik, Chief Analyst at FXStreet. Key Quotes The 4 hours chart shows a strong bearish momentum coming from technical readings, as the price retraces from a bearish 20 SMA, currently around 1.4860. Nevertheless, as long as below 1.4800, the downside is favored towards the next strong static support level at 1.4730, whilst if below this last, the downward potential may accelerate towards 1.4690. Above 1.4800 on the other hand, the pair may advance up to the mentioned 1.4860, with selling interest probably surging near the level. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

NOK/SEK points north in the near term TDS FXStreet (Edinburgh) - Strategists at TD Securities expect the Nordic cross to inch higher in the near term. Key Quotes NOKSEK rallied hard from 1.0360 last week, right where we expected the slide to base when we looked at this cross earlier in March, forming bullish daily and weekly reversal signals in the process. The NOK rebound has stalled at the 61.8% Fib retracement of the February/March decline (40-day MA resistance also) this week. But losses have been limited and, on the basis of last weeks gains alone, the technical bias is geared towards more NOKSEK gains in the near-term. A clear move above the 40-day MA (1.0851) should allow for more near-term NOK out-performance at least and a test of long-term trend (off the 2008 high) resistance at 1.1171. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

NOK/SEK points north in the near term TDS FXStreet (Edinburgh) - Strategists at TD Securities expect the Nordic cross to inch higher in the near term. Key Quotes NOKSEK rallied hard from 1.0360 last week, right where we expected the slide to base when we looked at this cross earlier in March, forming bullish daily and weekly reversal signals in the process. The NOK rebound has stalled at the 61.8% Fib retracement of the February/March decline (40-day MA resistance also) this week. But losses have been limited and, on the basis of last weeks gains alone, the technical bias is geared towards more NOKSEK gains in the near-term. A clear move above the 40-day MA (1.0851) should allow for more near-term NOK out-performance at least and a test of long-term trend (off the 2008 high) resistance at 1.1171. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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OctaFX.com-Round 36 OctaFX Champion winners announced! OctaFX Champion demo contest Round 36 is finished! We divide $1000 prize fund between 4 best traders and encourage them to enter the world of real trading. Well-deserved fame of OctaFXChampion demo contest is continuing to spread and today our traders pack is multinational! New OctaFX Hall of Fame members are: 1st place with the award of 500 USD goes to Mr. Hoanh Chau Khiem from Vietnam 2nd place with the award of 300 USD goes to Mr. Dadang Darmawan from Indonesia 3rd place with the award of 100 USD goes to Mr. Sheeja C from India The last runner in the contest, Mr. Huu Le Van from Vietnam is granted 100 USD It was the first time traders enjoyed our newly redesigned contest platform and we hope our clients found it useful and entertaining. Winners' stories of success will hit our company news page soon: make sure you stay tuned for your monthly source of motivation! On behalf of OctaFX we would like to thank everyone for participating! The true spirit of healthy competition reigns on the field of OctaFX Champion Demo contest! Take your chance to find your name in the news next time - register in OctaFX Champion Demo Contest Round 38! You will get achievements, communicate with other traders and test your trading abilities. Be the Champion with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

GBP/USD might shift to neutral levels, but political risk exists – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, views that GBP/USD might plot fresh lows in the near-term, but shift to more neutral levels later, the outlook being highly dependent on how the UK election scenario works out. Key Quotes “GBP is up 0.4%, outperforming all the major currencies into the NA open, but still within its recent range.” “Governor Carney, speaking for potentially the last time into the May 7th election, reiterated that the next interest rate move will be higher. However, the uncertainty around the upcoming elections is an important risk for GBP and with the upcoming schedule of debates and interviews it will be hard for markets to ignore.” “GBP is likely to trade within a range, with the threat of fresh lows in the near-term; but eventually shift back towards move neutral levels.” “However this is dependent on how the new government (or coalition) lands in terms of the outlook for the EU referendum, the devolution potential (shifting of sovereign state power to the subnational level) and fiscal plans, particularly revenue/spending and austerity.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

What to expect from Yellen? – BBH FXStreet (Barcelona) - Mark Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, suggests that markets should anticipate more of the same wordings from Yellen from her previous speech. Key Quotes “In her Congressional testimony last month, Yellen strongly hinted that the Federal Reserve would lose its "patience" in its forward guidance. She cautioned that this was not to be understood as a signal an imminent rate hike at the next meeting” “The Fed is looking for an opportunity to begin to normalize monetary policy. Given the size of its balance sheet, and the excess reserves it created, changing monetary policy presents operational challenges, which is another reason to expect to move slowly and cautiously.” “As many observers perceived the Fed more dovish than we think it is, they also perceive the Fed to be more concerned about the dollar than we think it is.” “Given its recent substantial moves against most currencies, it only stands to reason that officials would be watching it more closely.” “We think many have confused watching closely with being concerned. There had been some speculation that the FOMC statement would mention the dollar's strength, but it did not. There was a reference to the slowing exports, but this is an objective description, not a prediction.” “And when asked, Yellen did say that the strength of the dollar was one of the factors. No one pressed her about other factors in addition to the dollar that weighed on exports. If they did, Yellen would likely to have explained how the European and Japanese economies were weaker than expected and that the Chinese economy was slowing." “So what to expect from the soft-spoken Yellen? More of the same, but listen closely. “ OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Expect significant oil price growth towards 2015-end – KBC FXStreet (Barcelona) - The KBC Bank Research Team comments on the key probable reasons behind disruption in oil prices due to the Yemen conflict, and further shares the outlook for oil price. Key Quotes “The price of Brent soared and hit a two-week high yesterday on news that Saudi-led coalition started air-strikes in neighbouring Yemen.” “Regarding geopolitical risks, the talks between Iran and the world powers about its nuclear programme present larger risk for the oil price, in our view. If the agreement was reached and the Western sanctions were lifted, the country could increase its oil exports by 1 mbpd. This poses a clear downside risk for oil prices (especially in a situation of already oversupplied market).” “Even though Yemen itself is a rather small producer of oil - in 2014, its average production reached 0.13 million barrels per day (bpd) – the news triggered a relatively large market response.” “The key reason probably is that market worries about a possible disruption of oil flow through the narrow Bab el-Mandeb (about 3.8 mbpd), which is, however, not likely given the pledge of the head of the US forces in the region to keep the route open.” “We therefore maintain our view that the oil price could decline in weeks and months to come and expect more significant price growth towards the end of this year. The balance of risks is, however, skewed in the direction of longer period of low oil prices.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD into US Q4 GDP revision – FXStreet FXStreet (Barcelona) - FXStreet Editor and Analyst, Dhwani Mehta, gives the outlook for USD/CAD taking into consideration the possible outcomes for US Q4 GDP revision data. Key Quotes “USD/CAD is seen extending losses below 1.25 barrier and is likely to continue its bearish momentum as the US GDP data may miss market expectations as anticipated.” “The pair may fall to the immediate support at 1.2460 levels, below which doors will open for a retest of 1.24 handle.” “However, if the US GDP figures come out in line with expectations or beat expectations, USD bulls may take charge and the pair is likely to pierce through 1.2500 levels and retest daily highs at 1.2530, beyond which the pair may shoot to 1.2600 levels.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY eyeing new highs – EW-Forecast FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to give the technical outlook for USD/JPY. Key Quotes “USDJPY is in a pullback mode, making a complex corrective wave (iv) that already touched important Fibonacci level near 118.30 from where price turned slightly up in the last couple of sessions so we are wondering if downward correction is complete.” “Well, as long we have lower lows and lower swing highs in place it will be hard to confirm coming strength, but move above 119.99 swing would be a different story.” “In that case, we will look for a rally up into wave (v), back to new high.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD rally might see a pause – TDS FXStreet (Barcelona) - FX Strategists at TD Securities, view that the next few weeks might see a pause in USD’s rally and a drop in FX volatility. Key Quotes “Despite the pop in the USD into the end of the week, we continue to think the broader rally will pause in the next few weeks. If it does, it is likely that major FX vol will ease back as well.” “Choppy markets have prompted some market participants to head for the sidelines in the past week but calmer markets may be at hand.” “We ran a quick and dirty study of the seasonality in FX volatility and found that JPM’s Global Volatility Index also experiences a seasonal quirk moving into Q2; 18 of the last 20 Aprils have seen FX vol fall by this measure and the month is easily the worst month of the year for vol performance over the year.” “Our rolling studies show that the USD has a relatively strong, positive correlation with JPM FX vol index (+62% on a rolling 1-month window) while EUR and the GBP are similarly negatively correlated currently. It looks as if a dip in the USD and a modest slide in vol will go hand in hand over the next few weeks.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US Q4 GDP expected to be revised higher – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team, previews today’s US data releases – US Q4 GDP revision, and University of Michigan's March consumer confidence numbers. Key Quotes “US Q4 GDP is expected to be revised slightly higher to 2.4% from 2.2%. Personal consumption, which may be more important for policy makers than the overall economic growth is expected to be revised to 4.4% from 4.2%. The softer consumption data in Q1 15 should be placed in that context.“ “In addition, the University of Michigan's final March consumer confidence figures will be reported. In addition to the headline, the inflation expectations component will be scrutinized. The long-term expectation (5-10 years) is at 2.8%. With a brief exception, it has been between 2.7%-2.9% since the end of 2013.” “The Fed has seemed to emphasize this over the market-based measures though as we noted yesterday, US 10-year breakeven rates are rising.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

SNB keeps looking to ‘unconventional’ methods regarding strong CHF – Danske Bank FXStreet (Edinburgh) - In the opinion of Christin Tuxen, Senior Analyst at Danske Bank, recent comments by SNB officials remarked the possibility of further actions by the SNB in order to quell the franc’s strength. Key Quotes “The two speeches from SNB board members last night are also worth noting”. “Board member Zurbrügg said after commenting on the discontinuation of the EUR/CHF floor that negative rates are having the desired effect in Switzerland and that rates will take a more prominent role in monetary policy”. “However, he did reiterate the SNB’s stance that the CHF is significantly overvalued and that it should weaken over time and that the SNB will continue to intervene as deemed necessary”. “Notably he twice made references to the effective CHF rate, which may fuel speculation that the SNB is looking at the CHF against a basket of currencies now”. “The fact that Zurbrügg reiterated comments from alternate board member, Thomas Moser, earlier this week that the SNB is looking at the IMF suggestion of buying foreign-currency assets, suggests that the SNB is not in pure wait-and-see mode as last week’s meeting may have suggested”. “Also, at the same event yesterday, another alternate board member, Dewet Moser, said that the SNB will ‘continue to deploy unconventional methods’ to fight CHF strength”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

SNB will intervene in the foreign-exchange market as necessary SNBs Zurbruegg FXStreet (Mumbai) - Swiss National Bank (SNB) board member Fritz Zurbruegg said on Thursday that the countrys central bank is prepared to purchase foreign currencies if needed, as the franc remains significantly overvalued. Key Quotes: The SNB's decision to remove the franc's cap doesnt mean that we will simply be a passive observer, (SNB) will intervene in the foreign-exchange market as necessary in order to influence monetary conditions. Sustained negative inflation, or even a deflationary spiral - a negative feedback loop involving an economic downtrend and falling price levels - is thus not expected, Negative rates will certainly pose a challenging phase for the Swiss economy. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!