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EUR/USD bouncing off 1.2500 FXStreet (Edinburgh) - The extreme weakness in the single currency seems to have found support in the vicinity of 1.2500 the figure on Friday, with EUR/USD now managing to clinch to 1.2510/15. EUR/USD softer on data The bearish trend in the pair has intensified today following the very positive US docket, with September’s Payrolls climbing to 248K and the ISM Non manufacturing surpassing expectations at 58.6, albeit a tad lower that August’s 59.6. There are no more releases in the US economy or Euroland, as markets slowly surrender to the post-NFP lull ahead of the weekend. Chief FX Straregist Camilla Sutton at Scotiabank said technicals remain bearish, adding, “most technical studies remain in bearish territory and warn of further downside risk. A close today below 1.2620 would warn of further near term downside, with some support at the recent 1.2571 low, but stronger support at 1.2500; resistance comes in at the recent high of 1.2699, followed by 1.2720”. EUR/USD levels to watch At the moment the pair is losing 1.20% at 1.2515 with the next support at 1.2502 (76.4% of 1.2042-1.3995) followed by 1.2493 (low Aug.31) and then 1.2487 (low Aug.30). On the upside, a break above 1.2676 (high Oct.3) would target 1.2699 (high Oct.2) en route to 1.2703 (10-d MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03, 2014 OctaFX.Com News Updates

EUR/JPY in no mans land between critical levels FXStreet (Guatemala) - EUR/JPY is trading at 137.31, down -0.02% on the day, having posted a daily high at 137.91 and low at 137.11. EUR/JPY stabilised at the 137.00/78.6% retracement level yesterday and has found territory again confirmed back onto the handle with a good rally over the course of the past 24 hours. The pair today was offered however with a market flooding away from the single currency with a mixture of poor data releases for the EZ and in a continuation of a strong Yen overnight. We are in no mans land here until a break of 138 to the upside and any rallies that could regain the 200 day ma at 139.62 would be required in order to reassert upside pressure at this point and trigger a move to 141.88 and 143.55 (61.8% and 78.6% retracement of the move seen this year), as explained by Karen Jones, chief analyst at Commerzbank. “Below 135.73 would trigger losses towards the 133.51/23.6% retracement of the move up from 2012”. EUR/JPY hourly levels With spot trading at 137.32, we can see next resistance ahead at 137.47(Hourly 20 EMA) and 137.75 (Yesterday's High). Support below can be found at 137.22 (Weekly Classic S2), 137.11 (Daily Low), 136.90 (Daily Classic S1), 136.87 (Yesterday's Low) and 136.44 (Daily Classic S2). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03, 2014 OctaFX.Com News Updates

EUR/USD to fall further in the light of strong NFP - UBS FXStreet (Córdoba) - Analysts at UBS expect the positive momentum for the USD to continue - in particular against the euro after strong US nonfarm payrolls. Key Quotes “The speed and the size of the current US dollar rally is very unusual. The fundamental investors and the momentum traders continue to walk hand in hand on the road to a stronger US dollar”. “Non-farm payrolls were so strong on all aspects, that the Fed is urged to explain the rate hike ambitions in the light of this new information”. “The ECB on Thursday confirmed its easing bias. We therefore expect the positive momentum for the USD to continue - in particular against the euro”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03, 2014 OctaFX.Com News Updates

GBP/USD into questionable territory FXStreet (Barcelona) - GBP/USD is trading at 1.5959, down -1.14% on the day, having posted a daily high at 1.6161 and low at 1.5952. GBP/USD is now testing the mid point of the handle and November 2014 territory and this area may be regarded as oversold technically and fundamentally. However, from here, there is room towards 1.5920 perhaps and that could act as critical support ahead of the 1.5890/70 level when looking over the last two years. The greenback has been fuelled of course with the impressive Non farm payrolls data on a knee jerk, but if one were to look closer, wages have slipped back and that may prevent further advances in the greenback as we move in towards the close for the week. GBP/USD weighed upon Central Bank outlook Meanwhile, the market is anticipating that the next policy moves from both the Fed and the BoE will be rate hikes, as Jane Foley, Senior Currency Strategist at Rabobank noted and explained, “Surveys are suggesting that a BoE hike is expected in Q1 2015, some months ahead of a Fed hike around the middle of the year. On both counts we are more dovish than the market consensus”. BP/USD noteworthy levels Current price is 1.5960, with resistance ahead at 1.6004 (Weekly Classic S3), 1.6032 (Daily Classic S2), 1.6088 (Daily Classic S1), 1.6096 (Hourly 20 EMA) and 1.6105. Next support to the downside can be found at 1.5950 (Daily Classic S3), 1.5920, 1.5907 and longer-term lows are 1.4868 (3 Year Low) and 1.4334 (5 Year Low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03, 2014 OctaFX.Com News Updates

Ukraine to continue talks with Russia on gas deal next week FXStreet (Łódź) - Ukrainian Energy Minister Yuri Prodan signaled on Friday that Ukraine could resume negotiations on the natural gas agreement with Russia at the end of next week. Talks broke off last Friday, as the parties couldn't reach an agreement on the question of Ukraine's gas debt, which Russia's Gazprom claims amounts to 5.3 billion dollars. The company discontinued gas deliveries to Ukraine in June this year. Both countries as well as the EU will suggest what would be the best solution they see to the situation, Yuri Prodan told reporters. He was unsure however whether Moscow would agree to deliver gas if Kiev made a prepayment of about 2 billion dollars. Russian markets were boosted by the news. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03, 2014 OctaFX.Com News Updates

EUR/USD drops to lowest level in 2 years - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that following the release of the better-than-expected US nonfarm payrolls report EUR/USD dropped as low as 1.2517, a level last seen in September 2012. Key quotes "US NFP data surprised to the upside, with 248K new jobs added in September, unemployment rate down to 5.9%, lowest since 2008, and an upward revision from previous month reading to 180K." "The bearish momentum seems to be just picking up, despite the 1 hour chart showing indicators still heading south in extreme oversold levels." "Pullbacks should now found sellers in the 1.2570 former year low, with a break below 1.2500 favoring a downward continuation towards 1.2440/60 price zone in the short term, yet eyeing next strong static support at 1.2370 price zone." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03, 2014 OctaFX.Com News Updates

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GBP/USD falls further, nears 1.6100 FXStreet (Córdoba) - GBP/USD came under renewed pressure at the beginning of the American session once investors attention left the European Central Bank. Following a short-lived recovery that was capped by the 1.6175 zone, GBP/USD resumed the fall and broke below the 1.6130/25 zone, sliding to its lowest level since September 10 at 1.6111. At time of writing, GBP/USD is trading at 1.6125, recording a 0.36% loss Thursday and on track to post its seventh daily decline in a row. GBP/USD technical outlook “In the 4 hours chart the technical picture maintains a clear bearish tone, with 20 SMA below the 1.6235 Fibonacci resistance, tops in case of further gains”, said Valeria Bednarik, chief analyst at FXStreet. “A break below 1.6120 will increase the risk of a steady fall with immediate target at 1.6085”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

AUD/USD fighting at the 0.8800 area FXStreet (San Francisco) - The 0.8815 rejection in the AUD/USD that paused the Aussie's recovery from 0.8660, found support at 0.8765 where the pair bounced to test back at 0.8800. However, the movement seems not enough enough to look for further highs and now it is pricing at 0.8780. Currently, AUD/USD is trading at 0.8783, up 0.56% on the day, having posted a daily high at 0.8818 and low at 0.8723. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. AUD/USD levels If the pair extends advance, it will fce next resistances at 0.8815, 0.8825 and 0.8850. On the downside, supports are at 0.8765, 0.8700 and 0.8660. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

AUD/USD fighting at the 0.8800 area FXStreet (San Francisco) - The 0.8815 rejection in the AUD/USD that paused the Aussie's recovery from 0.8660, found support at 0.8765 where the pair bounced to test back at 0.8800. However, the movement seems not enough enough to look for further highs and now it is pricing at 0.8780. Currently, AUD/USD is trading at 0.8783, up 0.56% on the day, having posted a daily high at 0.8818 and low at 0.8723. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. AUD/USD levels If the pair extends advance, it will fce next resistances at 0.8815, 0.8825 and 0.8850. On the downside, supports are at 0.8765, 0.8700 and 0.8660. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

EUR/JPY retakes 137.50 FXStreet (Edinburgh) - The upbeat momentum in the euro is helping EUR/JPY to extend its bounce off the boundaries of 137.00 the figure posted during the European morning. EUR/JPY in 3-week lows Spot seems to have found quite decent support around the 137.00 handle, levels last seen in early September, deflating from recent multi month peaks above 141.00 against a backdrop of mounting weakness around the EUR. The rebound in the cross is now running out of steam in the mid-137.00s, closely watching the events from the ECB. It is worth noting that the ECB will start its purchases of ABS and covered bonds in the last quarter of 2014 and will last for two years. “Near term rallies need to regain the 200 day ma at 139.62 in order to reassert upside pressure at this point and trigger a move to 141.88 and 143.55 (61.8% and 78.6% retracement of the move seen this year)”, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. EUR/JPY levels to watch The cross is now losing 0.01% at 137.44 with the immediate support at 136.99 (high Sep.8) ahead of 136.65 (low Sep.9). On the flip side, a breakout of 137.72 (high Oct.2) would expose 138.00 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

EUR/USD gained 1.2670 on Draghi FXStreet (Edinburgh) - The shared currency is keeping the composure as Draghi’s Q&A session is playing out on Thursday, with the EUR/USD wobbling around 1.2660/70. EUR/USD looking for catalysts Spot is digesting pretty well Draghi’s words today, with further details on the ABS purchase programme by the ECB will be published at 1530 CET. The ECB will buy ABS from the last quarter of 2014 and will last 2 years. Draghi also stressed that the bank remains ready to act if the situation in the region deteriorates further. Regarding consumer prices, Draghi expects the CPI to climb closer to the bank’s target in the upcoming years EUR/USD key levels The pair is now advancing 0.36% at 1.2668 and a breakout of 1.2676 (high Oct.2) would aim for 1.2715 (high Sep.29) and then 1.2732 (10-d MA). On the downside, the immediate support aligns at 1.2571 (2014 low Sep.30) ahead of 1.2561 (low sep.6 2012) and finally 1.2502 (76.4% of 1.2042-1.3995). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

EUR/GBP advances as Draghi speaks FXStreet (Córdoba) - EUR/GBP pushed to fresh daily highs as Draghi speaks in a press conference after the ECB decided to keep rates unchanged, as expected. Draghi sounded dovish as expected, reiterating risks remain to the downside and low inflation is expected to persist. He also said the bank is ready to use further unconventional measures if inflation remains too low for too long. ECB President also said further details of the program will be unveiled in a press release at 13:30 GMT (3:30 PM). Despite the dovish stance, EUR/GBP managed to advance a few pips and hit a 1-week high of 0.7836. At time of writing, the pair is trading at 0.7830, 0.43% above its opening price. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

ECB's Draghi gives details of ABS and covered bond purchase programsd FXStreet (Łódź) - At the press conference following ECB's announcement that it will remain on hold in October ECB president Mario Draghi says that the details of the ABS and covered bond purchases have been discussed at the meeting. • The programs will last at least 2 years. • Purchases of covered bonds will start in mid-October. • ABS will be bought from Q4 2014. • Purchases are expected to have a sizable impact on the balance sheet. • They will generate positive spillovers to other markets. • They will reinforce fact of significant and increasing differences in the monetary policy cycle between major advanced economies. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

EUR/JPY rises slightly after ECB, Draghi eyed FXStreet (Córdoba) - EUR/JPY edged a few pips higher but remained within its daily range after the European Central Bank decided to keep rates unchanged as widely expected after cutting all three rates last month. The ECB left its benchmark rate unchanged at 0.05% and the deposit rate at -0.2% in today’s meeting. EUR/JPY reached a knee-jerk high of 137.51 but lacked momentum as attention now turns to ECB President, Mario Draghi, who will speak in a conference at 12:30 GMT. At time of writing, EUR/JPY is trading at the 137.45 zone, virtually unchanged on the day, having recovered from a 3-week low of 136.94 scored earlier on the day. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

ECB keeps rates unchanged after August cut FXStreet (Córdoba) - The Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations and the rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20% respectively. The ECB cut all three rates by 10 bps last month and announced an asset buying program - which details will be unveiled next week - aimed to provide liquidity to the real economy to fight low inflation and support growth. Attention now turns to ECB President, Mario Draghi, who will comment on the considerations underlying these decisions at a press conference starting at 12:30 GMT. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02, 2014 OctaFX.Com News Updates

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GBP/USD tests 1.6250 after US data; but rejected FXStreet (San Francisco) - The Sterling is advancing versus the US dollar as the pound is joining the short term USD weakness following disappointing economic data in the United States. The pair, however, wasn't able to hold levels and now it is trading back to 1.6220. The US manufacturing PMI was reported down to 57.5 in September; the components showed that strong output and new orders growth were maintained; fastest increase in payrolls since 2012. ISM manufacturing was down to 56.6; employment component down to 54.6. Currently, GBP/USD is trading at 1.6220, up 0.03% on the day, having posted a daily high at 1.6253 and low at 1.6162. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. GBP/USD levels If the pair extends rejection, it will face supports at 1.6200, 1.6180 and 1.6160. On upside, resistances are at 1.6250, 1.6270 and 1.6285. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01, 2014 OctaFX.Com News Updates

United States EIA Crude Oil Stocks change below forecasts (0.6M) in September 26: Actual (-1.363M) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01, 2014 OctaFX.Com News Updates

US: ISM Manufacturing PMI drops to 56.6 in September FXStreet (Łódź) - The US ISM Manufacturing PMI fell to 56.6 in September from 59.0 in August, the Institute for Supply Management informed on Wednesday. Analysts expected less decrease to 58.5. ISM Prices Paid rose to 59.5 from 58.0 and against forecasts of sliding to 57.0. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01, 2014 OctaFX.Com News Updates

United States Construction Spending (MoM) came in at -0.8%, below expectations (0.5%) in August Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01, 2014 OctaFX.Com News Updates

United States ISM Prices Paid registered at 59.5 above expectations (57) in September Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01, 2014 OctaFX.Com News Updates

EUR/USD wanders around 1.2600 FXStreet (Córdoba) - EUR/USD continues to trade erratically around the 1.2600 level, unable to set a short-term direction as investors remain sidelined ahead of the European Central Bank decision Thursday and the US nonfarm payrolls Friday. With latest recovery attempt capped by 1.2630, EUR/USD has traded within a narrow range, currently at the 1.2605 area, just a few pips below its opening price, ahead of the US ISM manufacturing PMI. Consensus points to a 58.5 reading in September versus 59.0 the previous month. EUR/USD technical perspective “In the 4 hours chart the bearish tone prevails, albeit RSI aims higher above 30, supporting current upward correction: critical resistance stands around 1.2650, a daily descendant trend line coming from 1.2880 region, and 20 SMA in the 4 hours chart”, said Valeria Bednarik, chief analyst at FXStreet. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01, 2014 OctaFX.Com News Updates

Demand for the JPY remains subdued – OCBC Bank FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, expects the Japanese currency to keep trading on the defensive vs. the greenback. Key Quotes “USD-JPY may continue to knock on the door at 110.00 with a fair degree of containment on the risk aversion front and ahead of the US labor market numbers on Friday”. “The Tankan numbers came in mixed to mildly supportive (big firms expect to increase CAPEX by a more than expected 8.6% in the current FY) but this failed to grant any traction to the yen”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01, 2014 OctaFX.Com News Updates