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Deflationary risks in the euro bloc looming – Rabobank FXStreet (Edinburgh) - Jane Foley, Senior Currency Strategist at Rabobank, assessed the last figures from the inflation figures in Euroland and compares them with the Japanese case. Key Quotes “Over the past year or so the strong disinflationary trend of the Eurozone has resulted in numerous comparisons over whether the region could be headed towards Japanese style deflation”. “While the BoJ may currently be able to claim some success in pushing higher inflation expectations, the ECB cannot. ECB President Draghi last week emphasised that there had been a “significant decline at all horizon” in inflation expectations and it was this that drew the pledge to use “all the available instruments needed” to ensure price stability”. “The BoJ sees a rise in inflation expectations as being pivotal in breaking out of the deflationary loop. On this point, it is clear that the ECB is agreed”. “Insofar as there is a causal link between CPI inflation and inflation expectations, how low Eurozone CPI inflation falls is likely to have a strong bearing on determining how far the ECB will go in provide fresh policy incentives”. “A Reuters surveys suggests that economists are of the view that the ECB may have embarked in QE by March next year. Continued weak EZ CPI readings will likely ensure further interim policy announcements”. “We expect the EUR to remain under pressure, though with further stimulus from the BoJ still possible we would prefer to sell the EUR vs. the USD rather than the JPY”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 03, 2014 OctaFX.Com News Updates

Russia denies ceasefire deal FXStreet (Łódź) - The Kremlin has just released a disclaimer that no ceasefire deal has been reached with Ukrainian President Petro, due to the fact that Russia is not a party in the conflict. The EUR/USD slid immediately to 1.3133 on the news. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 03, 2014 OctaFX.Com News Updates

Chinese, US data boosting risk sentiment – Danske Bank FXStreet (Edinburgh) - Recent releases in the Chinese economy and the US gave extra wings to the risk appetite today. Key Quotes “Chinese service PMIs released this morning showed a rebound in sentiment”. “China’s official non-manufacturing PMI rose from 54.2 in July to 54.4 in August and HSBC’s service PMI rose to 54.1 in August from 50.0 in July”. “The combination of strong US data together with a rebound in Chinese service PMIs has boosted sentiment on Asian bourses and most regional indices trade higher this morning”. “In addition, risk appetite is supported by speculations that Japan prime minister Abe will soon appoint a policy maker to head the health ministry (which is in charge of the Government Pension Investment Fund, GPIF), who may introduce new pension reforms forcing GPIF to shift away from Japanese government bonds towards more risky assets”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 03, 2014 OctaFX.Com News Updates

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US: ISM Manufacturing PMI hits 59 in August FXStreet (Łódź) - The US ISM Manufacturing PMI grew to 59 in August from 57.1 in July, the Institute for Supply Management informed on Tuesday. Analysts expected a drop to 56.8. ISM Prices Paid slid to 58 from 59.5, as expected. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

USD/CAD breaks above 1.0900 FXStreet (Edinburgh) - The greenback is confirming its momentum vs. its neighbour on Tuesday, lifting the USD/CAD beyond 1.0900 the figure. USD/CAD eyes on US, CAD data Markets are slowly returning to normalcy following yesterday’s inactivity due to the Labor Day. Ahead in the day, gauges of the manufacturing sector in both Canada and the US – PMI and ISM – are set to mark the pace of price action while spot is looking to consolidate the recent breakout of the key handle at 1.0900. “Technically, the heavy selling seen early last week still did a fair amount of damage to the broader picture—the weekly chart formed a bearish weekly reversal signal overall last week—but the strength of the bounce off the low Friday suggests no immediate pressure on the low 1.08 area for now”, signaled Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD levels to watch The pair is now advancing 0.38% at 1.0913 and a break above 1.0921 (10-d MA) would aim for 1.0956 (high Aug.27) and then 1.0998 (high Aug.26). On the flip side, the initial support lines up at 1.0857 (low Sep.1) ahead of 1.0810 (low Aug.29) and finally b1.0796 (low Jul.29). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

EUR/USD remains heavy - Investec FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, notes the ongoing strength in the USD. Key Quotes "USDJPY broke higher after trading through decent resistance around 104.00-20 as investors ready for the post Summer moves, while the Australian Dollar weakened on a widening Current account deficit leading many other US Dollar crosses to follow suit". "The USDJPY rally may bring fresh cross-Yen buying to the market that will help support the Euro and Pound in the short term but certainly we expect the Euro to remain heavy into Thursday's ECB meeting with the outside chance of a rate cut remaining a possibility". "The Pound meanwhile will need to get through the next two PMI releases before the market may be tempted to buy some Pounds before Thursday's MPC meeting." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

USD and EUR: opposite realities – Societe Generale FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, remarks the differences between the Fed and the ECB policies. Key Quotes "The US 1year rate in 5 years is flirting with 3%, the lowest level since last June. It's fallen far further than I thought possible from the peak above 4% this time last year." "At the same time, the 1y/1y rate is edging back towards the end-July recent peak near 1.2% and if we get strong data this week, we can see that broken. For most of the FX market, it's the shorter-term rate which matters more." "The Fed has been successful in anchoring expectations about ‘terminal' Fed Funds, but the market is getting on with the job of pricing in a hiking cycle that starts in mid-2015. The dollar is responding and has further to rise." "This shift in shorter-term US rate expectations contrasts with what is happening in the Euro area, of course, but markets are now in such a state of anticipation about what the ECB might do this Thursday (cut rates, increase bond purchases, unveil a ‘proper' QE programme?) that the risk of disappointment is clear. Mr Draghi's Jackson Hole comments point to increased concern, but the hurdles to stronger action haven't vanished and the ECB remains a slow-moving organisation." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

EUR/USD sell on rallies – Rabobank FXStreet (Edinburgh) - Senior Currency Strategist Jane Foley at Rabobank recommends selling the EUR/USD on strength. Key Quotes “In recent weeks the market consensus of when the Fed is likely to announce the first rate hike of the cycle has been largely unaltered. The market expects the Fed fund rate to be hiked around the middle of next year – earlier than our estimate of the end of next year”. “By contrast, expectations regarding the course of ECB policy are in the process of being overhauled”. “Last Friday’s remarks from ECB President at Jackson Hole have raised the odds of the ECB eventually announced QE. While we expect it is too early to see such a policy change at next week’s meeting, we see some form of intermediate policy action as being possible quite soon; preparations for an ABS purchase program may be complete as early as October”. “The tone of the ECB committee and its commitment to further policy actions will, of course, be data dependent”. “We expect EUR/USD to trend towards 1.28 and below medium-term and favour selling EUR/USD on rallies”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

Session Recap: USD extends gains across the board FXStreet (Córdoba) - Dollar strength has been the theme of the session, with the US currency reaching fresh multi-month highs versus its rivals, and putting the EUR/USD, the GBP/USD and the USD/JPY on a run toward psychological levels. The EUR/USD resumed the slide and hit another 1-year low a few pips above 1.3100 after a bounce attempt was capped by the 1.3140 zone. The USD/JPY soared throughout the last sessions, peaking at a high of 104.97 and threatening the 105.00 level. The GBP/USD is among the worst performers, having pulled back sharply toward its lowest level in 5 months at 1.6516 before finding respite. The GBP has shrugged off solid construction PMI data and seems more focused on the news that the Scottish polling gap is narrowing into the referendum on Sep 18. Meanwhile stocks are broadly higher in Europe amid expectations the European Central Bank could launch further easing measures Thursday aimed to underpin growth and fight deflation. Commodities were lower amid broad dollar strength. Gold lost 1.28% to $1,270 an ounce while crude oil dropped 0.73% to $95.25 a barrel. The US rejoin markets after the long weekend, with ISM manufacturing PMI and the IBD/TIPP economic optimism index scheduled. The cautious tone is increasing as investors await the ECB meeting Thursday and the US nonfarm payrolls report Friday. Main Headlines in Europe: Ukraine is back to the headlines – Danske Bank European stocks advance with ECB in focus United Kingdom PMI Construction came in at 64, above forecasts (61.4) in August Gold falls as dollar strength outweighs safe-haven demand European Monetary Union Producer Price Index (YoY) meets forecasts (-1.1%) in July OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

What’s the sentiment around the EUR/USD today? – Commerzbank and Danske Bank FXStreet (Edinburgh) - The EUR/USD is extending its selling mood on Tuesday, putting the key 1.3100 support to the test ahead of the ECB meeting on Thursday. “EUR/USD is expected to stabilise around the 1.3105 September 2013 low before reaching the psychological 1.3000 region. On the hourly and daily charts we can see positive divergence which, together with the loss of downside momentum over the past few days, increases the chances of a minor bounce towards the 1.3200 region being seen”, noted Axel Rudolph, Senior Technical Analyst at Commerzbank. In addition, Thomas Harr, Chief Analyst at Danske Bank, commented,”We expect EUR/USD to fall near term on policy divergence and portfolio flows. Market speculation of further ECB easing will resurface in coming months on very low CPI and weak growth. Meanwhile, we expect the market to move forward its Fed rate hike expectations. Monetary divergence will continue to support the USD”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

XAU/USD eyeing 1 year triangle support again - ForexTrading.TV FXStreet (Łódź) - Laith Marmarchi, currency analyst at ForexTrading.TV, points out that XAU/USD is eyeing 1 year triangle support again. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

GBP/USD breaks support, hits 5-month lows FXStreet (Córdoba) - The GBP/USD extended its trip lower and having broken below the 1.6535 support area, it stretched to its lowest level since March. Even though the GBP/USD attempted to stage a corrective bounce from the 1.6550 zone post-UK PMI data, it was capped by 1.6580 and came under renewed pressure, falling much deeper and turning into the worst performer in the FX market. The Cable broke below several supports and stretched to a low of 1.6516, last seen Mar 26. At time of writing, the pair is trading at 1.6520, down 0.51% on the day. The GBP/USD is retreating after 4 consecutive days of gains, after being rejected from the 1.6645 area yesterday’s European session. GBP/USD technical levels Immediate support is now seen at 1.6508 (Mar 26 low) and the 1.6500 psychological level. On the other hand, resistances could be found at 1.6580 (intraday level/200-hour SMA), 1.6612 (Aug 27 & 28 highs) and 1.6645 (Sep 1 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

EUR/USD on its way to 1.3100? FXStreet (Edinburgh) - The weakness is now intensifying around the EUR, pushing the EUR/USD to test the lower band of the intraday range near 1.3110. EUR/USD in multi-month lows Spot rapidly faded the spike to the area of 1.3140 in early trade, retracing to levels last seen a year ago in the proximity of the psychological support at 1.3100. There are no relevant data releases in the euro region today so traders will concentrate their attention in the US ISM and manufacturing PMI by Markit. Eric Theoret, Currency Strategist at Scotiabank, commented, “bearish momentum indicators are softening with the RSI having stabilized just below 30.The bearish DMI is also moderating, and we note the formation of two consecutive doji candles highlighting uncertainty”. EUR/USD relevant levels The pair is now losing 0.09% at 1.3115 with the next resistance at 1.3196 (high Aug.29) ahead of 1.32222 (high Aug.28) and then 1.3297 (high Aug.22). On the downside, a break below 1.3105 (low Sep.6 2013) would expose 1.3089 (low Ju.19 2013) and finally 1.3051 (low Jul.16 2013). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

European Monetary Union Producer Price Index (YoY) meets forecasts (-1.1%) in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02, 2014 OctaFX.Com News Updates

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GBP/USD holds onto gains FXStreet (Córdoba) - The GBP/USD has been one of the main movers in a quiet September kick-off, as investors await key events later this week and with the US out for the Labor Day. The GBP/USD picked up momentum and managed to break above the 1.6610 resistance area, climbing to a high of 1.6643 before finding resistance. However with the subsequent dip contained by the former resistance area at 1.6610, the Cable was confined to a sideways phase. At time of writing, the GBP/USD is trading at 1.6620, up 0.16% on the day. GBP/USD technical outlook “The hourly chart presents a technical bullish stance, with indicators heading north above their midlines, and 20 SMA gaining upward slope below current price”, said Valeria Bednarik, chief analyst at FXStreet. “The 4 hours chart shows also a positive technical tone, yet some steady gains above mentioned 1.6630 level are required to confirm further advances, eyeing then a test of the 1.6670 price zone”. Bednarik locates next support levels at 1.6600, 1.6570 and 1.6540, while she sees resistances at 1.6630, 1.6665 and 1.6700. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

USD remains bid - Investec FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, observes the firm tone from the greenback. Key Quotes "The US Dollar has managed to hold on to recent gains amidst selling pressures at the tail end of last week from month end fixing flows. Geopolitical tensions, particularly between Ukraine and Russia causing unease in the markets combined with better US data have helped the greenback in recent sessions." "Weaker Chinese PMI Manufacturing overnight only served to keep the US Dollar bid into today's open. The euro, in contrast, has continued to weaken after a dovish speech from ECB President Mario Draghi a week ago at Jackson Hole leaving some investors looking for additional easing this week, although a full blown ABS purchase scheme may not have all the details ironed out in time - we could certainly see the deposit rate lowered further into negative territory which would hurt the euro badly and would almost certainly mean 1.30 in EURUSD becomes a real possibility." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

EUR rebound not ruled out - Societe Generale FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, contemplates the likelihood of a rebound in the EUR in the near term. Key Quotes "The foreign exchange market is doing its absolute best to ignore mounting geo-political tension as the Ukraine crisis deepens. Instead, positioning data (for last Tuesday) point to the two dominant themes - a bearish consensus about the outlook for the Euro and a yield-hungry bias more widely." "EUR non-commercial short on the CFTC are at their highest level since soon after Mr Draghi's ‘whatever it takes' speech two years ago. Clearly, the market is in danger of disappointment if the ECB meeting on Thursday fails to deliver more than dovish rhetoric and promises of action." "Yet, the failure to stage any kind of month-end bounce on Friday as the Ukraine crisis deepened, leaves a challenging technical picture. And economic, monetary policy dovergence point to a huge amount of potential EUR/USD downside as this interest rate cycle finally gets going. It's set up to be choppy, and the risk of a Thursday bounce is very high, but irrespective of the consensual nature and the precedent from 2012, we want to be short when the NFP data are released on Friday." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

AUD/USD drifting to 0.9340 FXStreet (Edinburgh) - The Aussie dollar is now coming down from intraday peaks near 0.9350, taking the AUD/USD to the 0.9340/35 band. AUD/USD capped by 0.9370 The RBA will hold its monetary policy meeting tomorrow, although market consensus expects the central bank to leave the refi rate unchanged at 2.5% and repeat the neutral tone from last meetings. According to Emmanuel Ng, FX Strategist at OCBC Bank, “we think the market preference for carry may remain in force with leveraged net AUD longs in the latest week growing in the latest week. Ahead of the RBA tomorrow, expect the pair to be negatively buoyant within 0.9270-0.9370”. AUD/USD levels to watch At the moment the pair is up 0.01% at 0.9340 with the next resistance at 0.9376 (high Aug.6) followed by the psychological level at 0.9400. On the downside, a break below 0.9300 (low Aug.27) would expose 0.9272 (low Aug.26) and then 0.9235 (low Aug.21). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

What’s the sentiment around the EUR/USD today? – Commerzbank and Danske Bank FXStreet (Edinburgh) - The EUR/USD is meandering around a narrow range at the beginning of the week, keeping the trade near 1-year lows. “EUR/USD has stabilised but the downtrend remains firmly intact. We expect EUR/USD to range trade and possibly bounce around the ECB meeting but any bounce should be short-lived. We target EUR/USD to reach 1.30 in 1M and 1.27 in 3M”, observed Pernille Nielsen, Senior Analyst at Danske Bank. Axel Rudolph, Senior Technical Analyst at Commerzbank, commented, “Resistance comes in along the downtrend channel resistance line at 1.3177and the 1.3222 August 28 high as well as at 1.3333/36. Further resistance can be seen along the three month downtrend line at 1.3376. While trading below here, downside pressure should be maintained”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

Gold consolidates below $1,290 FXStreet (Córdoba) - Gold spot started the week on a quiet note after printing a weekly gain and a slight monthly advance in August, although the rise stalled around $1,290 during the European trade. XAU/USD rose around $5.00 an ounce and reached a daily high just above $1,290 but pulled back afterwards and it is currently trading around $1,288 slightly above its opening price. Soft economic data around the globe and ongoing geopolitical tensions have kept the metal on demand, although moves have been timid as investors are taking a more cautious stance. Today liquidity will probably remain low as US markets are closed due to the Labor Day holiday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

EMU: Manufacturing PMI (Aug) at 50.7 FXStreet (Edinburgh) - The manufacturing gauge of the PMI for the euro area remains in expansionary territory during August, despite coming down to 50.7 vs. 50.8 forecasted and July’s 51.8. The German measure followed suit, down to 51.4 from 52.4. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

Chinese economy still in expansionary camp – Danske Bank FXStreet (Edinburgh) - Flemming Nielsen, Senior Analyst at Danske Bank, assessed the recent release in the Chinese economy. Key Quotes “China’s official manufacturing PMI released by China’s National Bureau of Statistics (NBS) in August declined to 51.1 (consensus: 51.2, DBM: 51.2) from 51.7 in July broadly in line with expectations. The HSBC/Markit manufacturing PMI released in its final version this morning declined to 50.2 (revised down from 50.3) from 51.7 in July. For both manufacturing PMIs this is the lowest level since May”. “The details in the NBS manufacturing PMI were relatively weak. New orders declined to 53.2 from 54.2, while export orders declined slightly to 50.0 from 50.8 in July”. “The finished goods inventory component in the NBS manufacturing PMI increased slightly to 48.1 from 47.6 and hence the new order-inventory-balance deteriorated slightly in August. However, in both manufacturing PMIs the deterioration in the new order-inventory-balance has been modest and the level remains relatively healthy”. “Today’s NBS manufacturing PMI confirms that the Chinese economy again has lost some momentum and the manufacturing PMI appears to have peaked unless monetary policy and fiscal policy are eased substantially soon”. “In our view there are three possible explanations for the recent weakness: 1) continued weakness in the property market, 2) the impact from fiscal stimulus has started to wane with infrastructure spending showing signs of slowing in July and 3) the accelerated corruption campaign in recent months could have started to weigh on investment demand”. “The manufacturing PMI is expected to continue to decline slightly in the coming months. If the manufacturing PMIs move below 50 in the coming months, an interest rate cut can no longer be ruled out, even though the Chinese government has been reluctant to use monetary stimulus and has preferred fiscal stimulus instead”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 01, 2014 OctaFX.Com News Updates

OctaFX.com- US Labor Day trading schedule! OctaFX Technical Department would like you to be informed that due to the US Labor Day on September 1, we have altered a trading schedule for XAU/USD and XAG/USD trading instruments. Please, consider the following schedule while planning your trading: Monday, September 1, 2014 the trading on the abovementioned instruments closes at 20:00 (EEST, Server Time) and re-opens Tuesday, September 2, 2014 at 1:00 (EEST, Server Time). For your convenience, we provide you with this timetable: 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! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!