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BoE's August Inflation Report resolutely dovish - TD Securities FXStreet (Łódź) - Richard Kelly and Jacqui Douglas, TD Securities economists believe that the BoE August Inflation report today conveys MPC's reluctance to hike rates in the nearest future. Key quotes "The August Inflation Report was resolutely dovish when it came to handicapping odds of a 2014 hike, but did suggest more conviction on broader recovery and scope to start tightening next year." "BoE suggests spare capacity higher than expected and lowered GDP and inflation forecasts." "We remain comfortable with our forecast for the first hike to come in February 2015, if anything the odds shift slightly later, rather than sooner, and the tone today suggests we may have had no dissent to hike in August." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates

USD/CHF completes 60-pip decline to 0.9040 FXStreet (San Francisco) - The USD/CHF is extending its decline from 0.9100 area and following the US retail sales, the pair fell to 0.9040 where the USD found some buying interest. Now it is at 0.9055. The USD/CHF is joining its negative correlation with the EUR/USD as the unique currency jumped to trade above 1.3400 level just after weaker than expected data. Currently, USD/CHF is trading at 0.9056, down 0.23% on the day, having posted a daily high at 0.9100 and low at 0.9040. USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. USD/CHF levels If the pair holds above 0.9040, next resistances would 0.9070 and 0.9100. On the downside, pair will face supports at 0.9040, 0.9030 and 0.9015. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates

Adjustments to CPI projections the highlight of BoE's August Inflation Report - RBS FXStreet (Łódź) - The RBS team of analysts believe that the most important takeaway from the BoE August Inflation Report was the fact that the MPC lowered the inflation forecast at 2-year point (1.77% from 1.89%) and barely altered at 3-year point (1.96% vs 1.95%). Key quotes "So a slightly larger undershoot over the policy-sensitive 2-3 year forecast period as a whole, but an essentially unchanged/at-target forecast at 3-years." "There was no change to the (neutral) skew of the forecast." "Overall, this gives the Report a marginally dovish feel. " "At any rate, had the MPC been materially closer to raising Bank Rate then we would have expected a higher CPI projection." "A high degree of uncertainty surrounds the timing of the first hike but we feel marginally more confident about our forecast for the first Bank Rate rise to come in February 2015 than we had done prior to the August Report." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates

EUR/USD jumps to 1.3400 post US retail sales FXStreet (San Francisco) - the Euro accelerates its gains versus the US Dollar as the pair reacted positive after the weaker than expected US retail sales data. The EUR/USD jumped around 50 pips post data to trade above the 1.3400 area and price t daily highs around 1.3405. US dollar is trading under pressure as data, unchanged in July, was below 0.2% rise expected by market. Currently, EUR/USD is trading at 1.3398, up 0.22% on the day, having posted a daily high at 1.3407 and low at 1.3342. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. EUR/USD sentiment "Small offers are seen at 1.3495/00 but another batch of stops are seen just above that level. If triggered, the familiar 1.3430/50 zone becomes the next battle ground," Jamie Coleman from FXBeat comments. "A move through that area should prompt a test of the downtrend at 1.3480." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates

United States Retail Sales (MoM) below expectations (0.2%) in July: Actual (0%) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates

Geopolitical tensions weigh on sentiment – Danske Bank FXStreet (Edinburgh) - Pernille Nielsen, Senior Analyst at Danske Bank, signaled the situation en Ukraine continues to be a critical factor for markets’ sentiment. Key Quotes “Yesterday most equities declined as uncertainty about Ukraine returned after Russia sent 280 trucks carrying what it said was humanitarian aid for eastern Ukraine”. “Kiev said any unilateral attempt to deliver aid would be viewed as an act of aggression”. “The risk sentiment was affected by a new decline in the German ZEW expectations”. “Despite the recent weakness in data, Bundesbank President Weidmann said yesterday that the central bank sticks more or less to its forecast (GDP of 1.9% in 2014 and 2% in 2015)”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates

NZD/USD trims losses after hitting 2-month lows FXStreet (Córdoba) - The NZD/USD fell sharply during the Asian session and bottomed at 0.8406, reaching the lowest price since June 4 afterwards rebounded and trimmed losses. Currently trades at 0.8437, down 0.25% for the day. The recovery from the lows found resistance at 0.8440. Price was able to rise back above previous lows, avoiding so far a daily close at the lowest level since March. NZD/USD levels to consider To the downside, the key support area is located around 0.8400/10; and below here support might lie at 0.8380 and then 0.8345. To the upside, resistance is seen at 0.8440 (intraday level) and above here at 0.8455 followed by 0.8475 (August 11 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2014 OctaFX.Com News Updates

GBP/USD: Will the BoE make any difference? - FXStreet FXStreet (Córdoba) - Pablo Piovano, editor at FXStreet, commented that waning expectations of a rate hike plus speculative positioning keep taking a toll on the sterling, dragging GBP/USD from multi-year peaks to levels sub-1.6800. In this line, tomorrow's Quarterly Inflation Report by the BoE will take special attention as investors look for any clue regarding the timing of the rate hike. Key Quotes “In light of tomorrow’s Quarterly Inflation Report by the BoE, traders will look for any clue regarding the timing of the rate hike, and investors will scrutinize anything in connection with that ‘slack’ that prevent the BoE to be the first of the G4 central banks to hike rates”. “In the meantime, waning expectations of a rate hike plus speculative positioning keep taking a toll on the sterling, dragging Cable from multi-year peaks in levels just shy of 1.7200 the figure to this week’s lows in levels last seen in early June, around the mid-1.6700s”. “The renewed USD strength has been collaborating with the downside as well, bolstered by a firmer momentum in the US economy”. “Levels-wise, the initial hurdle remains 1.6800 ahead of August top at 1.6890; the interim support lines up at 1.6750 followed by June low at 1.6698”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2014 OctaFX.Com News Updates

GBP traders anxious ahead of BoE Quarterly Inflation Report release - FXStreet FXStreet (Łódź) - Economist and Lead European Editor Pablo Piovano points out that tension is rising among GBP traders ahead of the release of BoE's Quarterly Inflation Report due out on Wednesday. Key quotes "Traders will look for any clue regarding the timing of the rate hike, and investors will scrutinize anything in connection with that ‘slack’ that prevent the BoE to be the first of the G4 central banks to hike rates." "In the meantime, waning expectations of a rate hike plus speculative positioning keep taking a toll on the sterling, dragging Cable from multi-year peaks in levels just shy of 1.7200 the figure to this week’s lows in levels last seen in early June, around the mid-1.6700s." "The renewed USD strength has been collaborating with the downside as well, bolstered by a firmer momentum in the US economy." "Levels-wise, the initial hurdle remains 1.6800 ahead of August top at 1.6890; the interim support lines up at 1.6750 followed by June low at 1.6698." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2014 OctaFX.Com News Updates

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EUR/JPY falls after weak ZEW FXStreet (Córdoba) - The EUR/JPY came under pressure and dropped to fresh daily lows after ZEW surveys for Germany and the Eurozone as a whole came in lower than expected. German August ZEW economic sentiment index tumbled to 8.6 vs 18.1 forecast while current conditions slid to 44.3 vs 55.5 forecast and 61.8 previous. The euro fell across the board after data, which declines was blamed on geopolitical tensions. The EUR/JPY has fallen to a 2-day low of 136.43 so far and giving no signs to overcome the selling pressure for now. EUR/JPY supports and resistances As for technical levels, immediate supports are now seen at 136.14 (Aug 6 low), 136.00 (psychological level) and 135.72 (Aug 8 low). On the other hand, resistances could be found at 136.88 (Aug 12 high), 137.00/01 (psychological level/Aug 11 high) and 137.23 (Aug 6 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2014 OctaFX.Com News Updates

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China in focus and of great interest – BAML FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch noted events around China of which have been of great interest in markets of late. Key Quotes "China economic data have been closely watched by market participants, as investors try to explain changes in the data, and, more importantly, extrapolate the implications for asset prices. In this piece, we explore the long-term relationship between rates and economic activities. We summarize our conclusions below." "1. The front-end of the curve (2y NDIRS) leads most economic activities (especially financing activities) by one to two quarters. Changes in front-end rates Granger cause changes in economic activities." "This means when the PBOC eases, activity tends to recover with a one or two quarter lag, and vice versa. In contrast, the belly of the curve (5y NDIRS) does not seem to correlate closely with economic activities." "2. The back-end of the curve (10y CGB) moves with the CPI in the same direction, but does not correlate strongly with other economic variables as most people have thought. Expectations on the front-end also matter to the back-end." "3. The curve slope (2s5s) exhibits a strong positive correlation with economic activities, with no meaningful lead or lag. This suggests 2s5s NDIRS should continue to steepen alongside better growth momentum, which our economist predicts." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates

EUR/JPY rebounds sharply from 8-month lows FXStreet (Córdoba) - The EUR/JPY reversed dramatically and turned to the upside. During the Asian session fell to 135.70 hitting the lowest price since November 2013 but then recovered ground and rose back above 136.00. On European hours continued moving to the upside and recently spiked higher, climbing to 136.85. Price remains near daily highs ahead of the end of the week, up 45 pips for the day. The EUR/JPY is erasing yesterday's losses and is gaining ground for the first time in a week, but still down for where it was seven days ago. With the recent recovery the pair has been able to avoid the lowest weekly close in 8-months. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates

GBP/USD testing the bulls commitment’s FXStreet (Guatemala) - GBP/USD is trading at 1.6773, down -0.35% on the day, having posted a daily high at 1.6836 and low at 1.6767. GBP/USD continues to slide and analyst at HSBC suggested that the USD is the next currency getting ready for lift-off. “We are getting to the point where tapering is coming to an end and uncertainty is replacing certainty. This should lead to increased speculation regarding US rate rises”. From a technical point of view, Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained, "GBP/USD short‐term technicals: bearish—all signals point to downside risk and today’s ability of spot to fall to a fresh two‐month low warns of building downside momentum. Support lies at 1.6800; while resistance lies at the 100‐day MA at 1.6875." GBP/USD Levels With spot trading at 1.6774, we can see next resistance ahead at 1.6798 (Daily Classic S2), 1.6808 (Hourly 20 EMA), 1.6822 and 1.6822. Support below can be found at 1.6774 (Daily Classic S3), 1.6767 (Daily Low), 1.6756 (Weekly Classic S1), 1.6690 (Weekly Classic S2) and 1.6645 (Daily 200 SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates

Wall Street up, USD down FXStreet (Córdoba) - US equities are rising modestly on Friday while European markets finished lower. In Wall Street the Dow Jones was up 0.40% and the Nasdaq 0.16%. In Europe, the FTSE 100 lost 0.46% while the Dax retreated 0.33%. On the positive side, the FTSE MIB gained 0.33% and the Ibex 35 rose 0.26%. Among currencies, the Euro and the Swiss Franc are rising across the board while the Pound is plunging. The US dollar is little change versus the Aussie and the Kiwi, while the Canadian dollar dropped following employment data from Canada. Crude oil and gold are flat. The yellow metal pulled back after hitting fresh highs above $1,320 and was trading at $1,313 while the barrel holds around $93.75. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates

United States Wholesale Inventories came in at 0.3% below forecasts (0.6%) in June Read more in Forex News[/b] OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates

Morgan Stanley staying short EUR/USD - eFXnews FXStreet (Łódź) - The eFXnews team remark that Morgan Stanley remains bullish on the USD following the recent string of better than expected US data. Key quotes "Barring the safe-haven flows supporting US fixed income currently, money market normalization in the US has begun, in our view." "'FOMC voting member Fisher’s comments point to an increasing debate within the Fed about bringing forward the first rate hike – we expect US front-end yields to normalize, MS projects'." "US data have been strong across the board and now the missing piece for more hawkish Fed policy is higher wages. Wages have stayed at a muted 2% YoY level, which is too low for the Fed given its 2% inflation target." "'Markets will stay tuned, with inflation indicators staying particularly in focus ,' MS argues." "MS maintains a short EUR/USD position in its strategic portfolio from 1.3620 with a profit-stop at 1.35, and a target at 1.31." "As a short-term recommendation, MS enters a fresh short today from 1.34, with a stop at 1.3460, and a target at 1.31." '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 Aug 08, 2014 OctaFX.Com News Updates

BoE's August Inflation Report expected to provide details on rate hike timing - RBS FXStreet (Łódź) - Ross Walker, Senior UK Economist at RBS suggests that BoE's BoE's August Inflation Report, due out on Wednesday, should contain guidance on the possible timing of the first rate hike. Key quotes "It is time to get 'back to basics' by providing a clearer, less convoluted form of policy signaling via a renewed focus on the CPI central projection." "The key inputs into the August forecast – trends in GDP, inflation, market interest rates, the exchange rate, oil prices – suggest a largely unaltered CPI central projection (ie, a 5-10bp undershoot at the 2-3 year horizon)." "This is our central case and would nudge the risks towards February 2015 for the first rate hike, while any rise in the CPI projection (and certainly any overshoot of the target) would suggest the first hike is coming in November 2014." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates

Canada Net Change in Employment below forecasts (20K) in July: Actual (0.2K) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates

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GBP/USD: holds short-term negative perspective - Scotiabank FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank notes that the GBP/USD holds short-term bearish perspective, although she warns uncertainty over the GBP outlook is building. Key Quotes “GBP is essentially flat as the BoE left all policy measures on hold, with interest rates at 0.5%. Next week’s Inflation Report (August 13th) will provide clarity on how the BoE’s views are unfolding and is a major hurdle for GBP, followed by the release of today’s minutes on August 20th”. “GBP/USD short‐term technicals: bearish ‐ however the test down to 1.6786 that we expected is proving a challenge with the European session warning of building uncertainty over the outlook for GBP”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 07, 2014 OctaFX.Com News Updates

Mexico Headline Inflation up to 0.28% in July from previous 0.17%/B] Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 07, 2014 OctaFX.Com News Updates

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