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EUR/USD unable to move away from 1.5900 - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that GBP/USD managed to rise from its daily low of 1.5876, but continues trading close to the 1.5900 level. Key quotes "The UK employment report was nothing really outstanding, but at the end, data pointed out for some steady growth in the sector, maybe not enough to trigger a strong come back, but at least to halt the bleeding." "Technically, the 4 hours chart maintains the bearish pressure as per 20 SMA heading strongly south well above current price and indicators hovering around oversold levels." "The immediate resistance comes at 1.5950, former monthly low, and only a clear recovery above it will favor some further advances up to 1.6000 price zone." "To the downside, a downward acceleration through 1.5890 should trigger a new round of selling towards fresh lows at the 1.5850/60 price zone." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 15, 2014 OctaFX.Com News Updates

SEB: GBP/USD near-term below 1.60 - eFXnews FXStreet (Łódź) - The eFXnews team comment that SEB see GBP/USD remaining below the 1.60 level in the nearest future, following another strong decline on Tuesday. Key quotes "Short-term conditions may be stretched, but few cares and the medium-term mid-Oct'13 reaction low of 1.5854 is fully in sight (below which 1.5785/75 & 1.5753 would come into play)." "A prior near-term low & yesterday's mid-body point provides local resistance around 1.60." "Current intraday stretches are located at 1.5854 & 1.6005." 'This content has been provided under specific arrangement with eFXnews.' OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 15, 2014 OctaFX.Com News Updates

Fed QE might be needed again - Deutsche Bank FXStreet (Łódź) - Jim Reid, Head of Global Fundamental Credit Strategy at Deutsche Bank argues that another QE program from the Fed is possible, probably during the next US recession. Key quotes "The rationale being that the terminal Fed funds rate will probably not be able to get high enough this cycle for conventional policy alone to be enough by the time we get to the next recession." "By this time the ECB may be fully into QE and the BoJ may have done more, so without Fed QE the dollar might also be becoming too strong for comfort. However after the events of the last few weeks could the Fed actually re-start purchases before a recession?" "Well Fed Williams made some interesting comments yesterday, albeit ones that were caveated. He was quoted as saying that 'If we really get a sustained, disinflationary forecast ... then I think moving back to additional asset purchases in a situation like that should be something we should seriously consider'." "However he did say it would take a big shift in the U.S. economic outlook for the Fed to restart its bond buying and that he still felt it would likely be appropriate to begin lifting rates from zero in the middle of next year." "So a fairly big bid-offer on how Fed policy might evolve over the next 12 month but another small sign from the Fed that there is some recent anxiousness about global growth and inflation." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 15, 2014 OctaFX.Com News Updates

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AUD/USD pressing on to the downside FXStreet (Barcelona) - AUD/USD is trading at 0.8757, up 0.82% on the day, having posted a daily high at 0.8789 and low at 0.8652. AUD/USD ran into supply at 0.8780 resistance and has been levelled at the support of the final session of last weeks business here but weigh quite heavily currently. Emmanuel Ng, FX Strategist at OCBC Bank said however that they would expect the AUD to derive some comfort following the latest September China trade numbers, with both exports and imports coming in stronger than expected. “While the PBOC’s assurances that the risk of a heard landing is very small may temper near term downside for the pair, note that on the CFTC front, net leveraged AUD positioning flipped to a net short balance for the first time since late March 2014”. AUD/USD noteworthy levels Current price is 0.8757, with resistance ahead at 0.8763 (Hourly 200 SMA), 0.8781 (Hourly 100 SMA) and 0.8826 (Daily Classic R2). Next support to the downside can be found at 0.8756 (Daily Classic R1), 0.8746 (Weekly Classic PP), 0.8742 (Hourly 20 EMA), 0.8718 (Daily Classic PP) and 0.8686. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

EUR/USD keeps the narrow range FXStreet (Edinburgh) - The shared currency is looking to extend its consolidation pattern, with EUR/USD meandering between 1.2680 and 1.2700. EUR/USD unmotivated below 1.2700 Spot remains unable to break above the 1.2700 handle so far. In the meantime, dullness seems to be taking over markets following the lack of catalysts and leaving spot without the necessary spark to march beyond the 1.2700 mark. According to strategists at Westpac, “The sharp move in yields spreads against EUR/USD has arguably run its course and EUR/USD has bottomed, albeit only for the time being in both cases… EUR/USD may well trade back toward 1.2900 before upside is exhausted”. EUR/USD levels to watch At the moment the pair is up 0.41% at 1.2682 with the next resistance at 1.2698 (high Oct.13) ahead of 1.2716 (high Oct.10) and then 1.2743 (21-d MA). On the flip side, a breakdown of 1.2638 (200-h MA) would expose 1.2605 (low Oct.10) and finally 1.2583 (low Oct.7). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

European equities fall as the DJIA weakens FXStreet (Mumbai) - The weakness in the US Equity markets has pulled down the European equity markets, which were trading about a half a percent up ahead of the US Open. The DJIA is trading 0.16% lower at 16517.50, down from a high of 16595.50, while the S&P futures are trading flat at 1895.15, down from a high of 1905. Consequently , the Dax has erased gains to trade just 0.18% up at 8810 levels. Meanwhile, the FTSE is trading 0.44% up at 6367.90. The Equity markets in the US are swinging from gains to losses as the markets lack a fundamental trigger today. The US treasury markets are closed, hence no fresh cues are coming-in from the treasury yields. Consequently, the US Dollar Index and the Gold prices are trading lackluster. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

CBOE VIX hits a 21-month high FXStreet (Mumbai) - The Chicago Board Options Exchange(CBOE) Volatility Index (VIX) has hit a 21-month high of 22.30 today as the S&P futures and the DJIA fell by 0.22% and 0.24% respectively. The CBOE VIX is trading 4.99% higher at 22.30 at the time of writing. The Index bottomed out in June when the index had hit a low of 10.32. Since then, the volatility has been on the rise as the investors price-in the direction of the Federal Reserve (Fed) policy amid weakening global growth. The geopolitical tensions also had a role to play in pushing the VIX higher. Moreover, the VIX has given a breakout above key resistance levels, which may be a warning of further slide in the equity markets. VIX Technical levels The VIX has an immediate resistance of 23.23 (Dec 2012 high), above which it can rise to 25.00 levels. On the downside, 21.48 and 18.00 levels should act as the strong support levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

S&P futures fall below 1900, hit a fresh 10-week low FXStreet (Mumbai) - The S&P futures have declined below 1900 levels to hit a fresh ten week low of 1889. The S&P futures were seen trading at the current levels during the first week of August. The S&P futures are now trading 0.14% lower at 1891, after having hit a low of 1889. Meanwhile, the DJIA has shed 0.26% to trade at 16501.50, while the NASDAQ futures are trading 0.44% lower at 3837.70. The concerns of global economic slowdown have dragged down the S&P from a high of 2014.50 hit in mid-September. Since then prices have been on a declining trend, as investors priced-in a possibility of an early interest rate hike in the US amid global economic slowdown. S&P futures Technical levels The S&P futures have an immediate support around 1880 levels, below which prices can fall to 1844 levels. On the upside, the day’s high of 1905.95 should act as a strong resistance level. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

USD/JPY attempts a shy recovery early US session - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that USD/JPY has climbed a few pips above the 107.30 immediate support, but the attempts to recover are rather feeble. Key quotes "With no data to backup currencies’ movements, risk sentiment takes the lead, with easing concerns putting dollar under mild selling pressure." "The EUR/USD hourly chart shows price above a bullish 20 SMA but indicators turning lower above their midlines, as gains remain limited." "In the 4 hours chart price hovers around a flat 20 SMA as momentum continues to head south in negative territory, limiting chances of a firmer advance." "A firmer advance beyond 1.2700 may see the pair approaching 1.2745, while risk to the downside will increase on a break below 1.2660 support now." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

Natural Gas gains, traders decrease bullish bets FXStreet (Mumbai) - Natural Gas prices are trading higher today despite of weather forecasts indicating a low probability of extreme weather conditions. Natural Gas is trading 0.61% higher at USD 3.883/mmbtu even as the Commodities Futures Trading Commission (CFTC) data released on Friday showed that hedge funds and money managers decreased their bullish bets in the week ending October 7. Net longs fell sharply to 6,288 contracts from 26,166 in the previous week. The latest weather models do hint at pockets of cooler weather across the U.S. in the coming days, although the temperatures are not expected to fall to freezing levels. Consequently, the heating demand for Natural Gas may not pick up much leading to a fall in price. Natural Gas Technical levels Natural Gas has an immediate resistance of 3.947 (Oct 8 high), while the immediate resistance is located at 3.81 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

Eurozone Industrial Production seen dropping 1.5% - ING FXStreet (Łódź) - Martin Van Vilet from ING expects August Eurozone Industrial Production numbers to drop further, about 1.5% on a monthly basis. Key quotes "The national industrial production figures released last week clearly confirmed that the industrial recovery across the Eurozone has lost significant momentum." "Industrial production (excluding construction) in Germany fell a significant 4.3% MoM in August – admittedly partly because of the timing of school holidays." "Industrial output in France, meanwhile, was unchanged, while Italian output rose by only 0.3%." "Production in Spain – which the IMF thinks will outpace Germany in 2015 (we are not so sure yet) – also rose by a modest 0.2%, and although production in the Netherlands saw a much stronger rise (+1.3%), this was solely due to a sharp rise in the erratic mining component." "Taken together, the national data point to a decline in Eurozone aggregate production, due tomorrow, of around 1.5% MoM. That would more than reverse the 1.0% MoM increase seen in July, and even with some rebound in September, it thus seems likely that the industrial sector acted as a drag on GDP in the third quarter." "If the PMI is anything to go by, the much larger services sector fared better and should have contributed positively to GDP growth." "So we doubt whether the overall Eurozone economy contracted in 3Q. Indeed, for the time being we have pencilled in Eurozone GDP growth of 0.1% QoQ in 3Q. Such growth, however, clearly is much too low for comfort." "Pressure on European policymakers to deploy further monetary and renewed fiscal stimulus, therefore, looks set to continue." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

EUR/USD not there… yet FXStreet (Edinburgh) - The common currency is now looking to consolidate below the key 1.2700 handle, with EUR/USD gyrating around 1.2690/95. EUR/USD halfway to last week’s tops Spot remains well poised to challenge the key barrier at 1.2700. However, if the USD weakness persists in the upcoming sessions, the pair might try to re-test recent peaks near the 1.2800 handle. “The break of the support at 1.2640 coupled with the weak daily close last Friday suggests further downside pressure for today. Expect 1.2680 to cap for a retest of the strong support at 1.2600/05 but clear break below this level appears unlikely for now”, noted market analysts at UOB Group. EUR/USD levels to watch At the moment the pair is up 0.49% at 1.2693 with the next resistance at 1.2698 (high Oct.13) ahead of 1.2716 (high Oct.10) and then 1.2743 (21-d MA). On the flip side, a breakdown of 1.2638 (200-h MA) would expose 1.2605 (low Oct.10) and finally 1.2583 (low Oct.7). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

WTI Crude tanks further, Option traders target $77.50 by Dec FXStreet (Mumbai) - The WTI Crude prices continue to fall towards a two and a half year low of USD 83.59/barrel hit during the last week. The prices are down 1.25% to trade at USD 84.75/barrel. The fundamentals of weak demand, weak global growth and excess supplies continue to dominate the market sentiment. Moreover, the weak fundamentals of Crude oil are evident from the activity in the Options data which shows traders are targeting USD 77.50/barrel by December. Implied volatility of January WTI options at that level shows a 25 delta, which is a 25% portability that a $77.50 put option will end up in the money at the Dec. 16 expiration. Moreover, the Oil and Petroleum Exporting Countries (OPEC) group has blamed the speculators for the recent slump in the Oil prices. WTI Crude Technical levels Crude has an immediate support of 84.09 below which prices can slump to 83.59 levels. Meanwhile, a breach of 85.00 levels on the upside, shall open doors for the re-test of 86.29 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 13, 2014 OctaFX.Com News Updates

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GBP/USD finds support above 1.6000 FXStreet (Córdoba) - Cable dropped further against the US dollar and printed a fresh 4-day low at 1.6006. GBP/USD found support above 1.6000 and rebounded, rising back on top of 1.6030. Greenback remains strong in the market as stocks decline in Wall Street. GBP/USD trims weekly gains After starting the week around 1.5960 GBP/USD jumped to the upside and on Thursday, boosted by the reaction of the market to the FOMC minutes reached 1.6225. The same day made a reversal that continued Friday. During the last 24 hours the pair lost more than 200 pips, trimming weekly gains. Still holds above the level it had a week ago but considerably far from the highs. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

GBP/USD finds support above 1.6000 FXStreet (Córdoba) - Cable dropped further against the US dollar and printed a fresh 4-day low at 1.6006. GBP/USD found support above 1.6000 and rebounded, rising back on top of 1.6030. Greenback remains strong in the market as stocks decline in Wall Street. GBP/USD trims weekly gains After starting the week around 1.5960 GBP/USD jumped to the upside and on Thursday, boosted by the reaction of the market to the FOMC minutes reached 1.6225. The same day made a reversal that continued Friday. During the last 24 hours the pair lost more than 200 pips, trimming weekly gains. Still holds above the level it had a week ago but considerably far from the highs. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

USD/CHF tests 0.9590 and finds some selling interest FXStreet (San Francisco) - The US Dollar extended gains from 0.9525 to trade at daily highs around 0.9590 versus the Swiss Franc, where the pair found selling interest that launched it back to 0.9575. Currently, USD/CHF is trading at 0.9578, up 0.37% on the day, having posted a daily high at 0.9594 and low at 0.9527. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. USD/CHF levels Above the 0.9590, the USD/CHF will face resistances at 0.9600, 0.9625 and 0.9675. To the downside, supports are at 0.9525, 0.9500 and 0.9475. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

USD/CHF tests 0.9590 and finds some selling interest FXStreet (San Francisco) - The US Dollar extended gains from 0.9525 to trade at daily highs around 0.9590 versus the Swiss Franc, where the pair found selling interest that launched it back to 0.9575. Currently, USD/CHF is trading at 0.9578, up 0.37% on the day, having posted a daily high at 0.9594 and low at 0.9527. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. USD/CHF levels Above the 0.9590, the USD/CHF will face resistances at 0.9600, 0.9625 and 0.9675. To the downside, supports are at 0.9525, 0.9500 and 0.9475. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

DJIA stays flat, CBOE VIX jumps higher FXStreet (Mumbai) - The DJIA is trading flat, swinging between minor gains and losses, although the Chicago Board Options Exchange(CBOE) Volatility Index (VIX) has broken through key resistance levels. Sharp rise in the VIX indicates that the market sentiment is jittery despite the DJIA holding ground so far. The VIX is trading 7.57% higher today at 20.18. It has comfortably breached through the key resistance levels of 18.00 and 18.99. The index appears on its way to test the recent cyclical high of 21.48. The VIX chart indicates a possibility of fresh selling in the US Equity markets. VIX Technical levels VIX has an immediate resistance of 20.72 (Feb 5th. high) and 21.48 (Feb 3rd. high), while the support is located at 18.99 and 18.00 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

DJIA stays flat, CBOE VIX jumps higher FXStreet (Mumbai) - The DJIA is trading flat, swinging between minor gains and losses, although the Chicago Board Options Exchange(CBOE) Volatility Index (VIX) has broken through key resistance levels. Sharp rise in the VIX indicates that the market sentiment is jittery despite the DJIA holding ground so far. The VIX is trading 7.57% higher today at 20.18. It has comfortably breached through the key resistance levels of 18.00 and 18.99. The index appears on its way to test the recent cyclical high of 21.48. The VIX chart indicates a possibility of fresh selling in the US Equity markets. VIX Technical levels VIX has an immediate resistance of 20.72 (Feb 5th. high) and 21.48 (Feb 3rd. high), while the support is located at 18.99 and 18.00 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

Morgan Stanley: USD remains relatively resilient - eFXnews FXStreet (Łódź) - The eFXnews team remark that Morgan Stanley sees the USD as very resilient in the light of the recent sharp drop in US yields. Key quotes "'Indeed, USD’s correction has been moderate, given the extent and pace of gains seen recently, and underlines the strength of the bullish trend, in our view. We would also suggest that this robust performance is a function of USD establishing itself as an asset currency, MS argues." "'As a result, we expect USD behavior to change, and this is likely to be most emphasized in its relationship with yields. Lower yields would not necessarily be seen as a USD negative in this scenario, as was the case with EUR in the past two years through to this May. Relative asset valuations are once again the driver of this change, favoring USD and attracting inflows,' MS clarifies." "'The post-FOMC reaction aside, the recent decline in US yields is likely a reflection of inflows and consistent with a higher USD. The fact that these flows are the result of relative fundamentals and not a geopolitical shock – portfolio allocation to the US rather than a safe-haven flow – also implies that these trends are likely to be sustainable, in our view,' MS adds." "'Hence, we think the medium-to-longer-term structural USD bullish trend is set to stay in place despite recent US yield developments,' MS adds." "In line with this view, MS maintains a short EUR/USD in its strategic portfolio from 1.2920 with a revised profit-stop at 1.2840 and a target at 1.20." 'This content has been provided under specific arrangement with eFXnews.' OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

Morgan Stanley: USD remains relatively resilient - eFXnews FXStreet (Łódź) - The eFXnews team remark that Morgan Stanley sees the USD as very resilient in the light of the recent sharp drop in US yields. Key quotes "'Indeed, USD’s correction has been moderate, given the extent and pace of gains seen recently, and underlines the strength of the bullish trend, in our view. We would also suggest that this robust performance is a function of USD establishing itself as an asset currency, MS argues." "'As a result, we expect USD behavior to change, and this is likely to be most emphasized in its relationship with yields. Lower yields would not necessarily be seen as a USD negative in this scenario, as was the case with EUR in the past two years through to this May. Relative asset valuations are once again the driver of this change, favoring USD and attracting inflows,' MS clarifies." "'The post-FOMC reaction aside, the recent decline in US yields is likely a reflection of inflows and consistent with a higher USD. The fact that these flows are the result of relative fundamentals and not a geopolitical shock – portfolio allocation to the US rather than a safe-haven flow – also implies that these trends are likely to be sustainable, in our view,' MS adds." "'Hence, we think the medium-to-longer-term structural USD bullish trend is set to stay in place despite recent US yield developments,' MS adds." "In line with this view, MS maintains a short EUR/USD in its strategic portfolio from 1.2920 with a revised profit-stop at 1.2840 and a target at 1.20." 'This content has been provided under specific arrangement with eFXnews.' OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates

EUR/JPY bounced off near 136.00 FXStreet (Edinburgh) - EUR/JPY is now looking to regain part of the deep pullback during the European morning, finding quite decent support around 136.00 the figure. EUR/JPY capped at 138.00 The cross is coming down from recent peaks in the boundaries of the key handle at 138.00, following the increasing risk appetite in the wake of the FOMC minutes. However, a sustainable break above the 138.00 mark still remains elusive, thus leaving the trade between 136.00 and 138.00. EUR/JPY key levels The cross is now losing 0.36% at 136.35 with the next support at 135.82 (low Sep.8) and then 135.73 (2014 low Aug.8). On the upside, a break above 137.06 (high oct.10) would open the door to 137.51 (cloud top). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 10, 2014 OctaFX.Com News Updates