OctaFX_Farid

Flash: Sterling exports needs EZ – TDS FXstreet.com (London) - Marcin Budkiewicz, Strategist, Rates and FX Research at TD Securities, noted that there were no shocks in the second print of UK GDP and even in the details were largely in line. Key Quotes: “There was a bigger drag from exports than expected, which can still be another decent boost for the UK should the Eurozone get back to growth”. “The September services numbers were slightly weaker at +0.2% M/M instead of 0.4% M/M, but not enough to meaningfully bias the handoff to Q4”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 27,2013 OctaFX.Com News Updates

Flash: EUR/USD resilient between ECB and Fed – Rabobank FXstreet.com (Edinburgh) - Jane Foley, Senior Currency Strategist at Rabobank, commented that the current uncertainties regarding the start of the Fed’s QE tapering and the ‘wait-and-see’ stance in the ECB would likely be behind the EUR/USD resilience. Key Quotes “Insofar as the market remains obsessed with the timing of Fed tapering, threats of further policy action from the ECB have limited power over the direction of EUR/USD”. “Although the Fed did not rule out tapering in December in its October policy meeting, we suspect that the Fed will remain on hold until March and that the USD will take its time in clawing itself back to stronger levels. This implies that the ECB will have little choice but to retain its dovish threats”. “Even so we expect that EUR/USD will remain well supported at least into year end and most likely until it is clear that the Fed are on the brink of tapering. We see risk of EUR/USD holding above the 1.30 area until H2 next year”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 26,2013 OctaFX.Com News Updates

USD/JPY: BoJ minutes lift yen from lows FXstreet.com (London) - The yen has made some recovery from yesterday’s lows on minutes from the Bank of Japan’s October meeting. USD/JPY has depreciated 0.14 percent so far today to JPY101.4335. The minutes indicated that central bank officials saw risks to the Japanese economic outlook. Board member Sayuri Shirai proposed to add to the BoJ’s semi-annual Outlook report the phase "attention should be paid to downside risks" given concerns over US economic activity and the Japanese domestic market. Board member Takahide Kiuchi, who has been vociferous in pushing for the BOJ's 2 percent inflation target to more flexible, proposed the inclusion of the statement that prices are "likely to continue on a moderate rising trend." Risk rally out of yen The yen yesterday tested six-month lows on increased risk appetite following the signing of Iran’s accord on nuclear activities. As part of the agreements concluded in Geneva yesterday morning, Iran will freeze or roll back its uranium enrichment programme to levels which would signal that Iran was not preparing to enrich to weapons grade. In return, around USD7bn of international sanctions will be raised. The risk on rally pushed USD/JPY to JPY101.88. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 26,2013 OctaFX.Com News Updates

Flash: AUD strengthened modestly overnight on RBA commentary - BTMU FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the foreign exchange market has remained relatively stable overnight. Key Quotes “The Australian dollar has strengthened modestly supported by comments from RBA Deputy Governor Lowe who stated overnight that “the threshold for intervention though is fairly high”.” “However, he didn’t “rule intervention in or out” which has been a long-standing practice for the RBA. Noting that “in the past, we have been prepared to intervene in the currency market when it’s clear the currency was misaligned or the market wasn’t working well.”” “The speech also highlighted the main economic challenge the Australian economy now faces as it “can no longer depend on rising terms of trade and favourable demographics” to boost living standards which will require an offsetting pick up in productivity.” “It echoes recent comments from the Australian Treasury’s top economic forecaster David Gruen, who stated that Australia should brace for the weakest income growth in half a century in the coming ten years.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 26,2013 OctaFX.Com News Updates

USD/JPY stuck at 101.20 FXstreet.com (Chicago) - USD/JPY retraced from 101.37 session highs advancing small pips today after a remarkable week that prints over 100 pips in gains so far ahead of the closing of Wall Street. USD/JPY Technical Levels Technically speaking, the pair remains within yesterday’s boundaries despite bearish pressure that makes the price stall around the 101.20 zone. On long-term charts, the movement is supported by bullish trends that consolidate a strong rally that started two days ago after the release of better than expected job market data in the US. Offered at 101.25, the pair navigates between the supports aligned at 100.87 (September 20th highs), 100.43 (November 15th highs) followed by 99.78 (November 12th highs) and the resistances aligned at 101.61 (July 2nd highs), 102.64 (May 30th highs) followed by 103.72 (May 17th highs). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 22,2013 OctaFX.Com News Updates

AUD/USD resists above 0.9150 FXstreet.com (Córdoba) - The AUD/USD extended losses into a third consecutive day Friday after being rejected from a 2-week high of 0.9447 Wednesday, weighed by Fed minutes and RBA jawboning. RBA Governor Stevens highlighted Thursday the bank could use intervention to weaken the AUD having said repeatedly that a strong currency could be harmful for the economy. The AUD/USD broke below yet another psychological level during the European session and printed a 2 ½-month low of 0.9153. AUD/USD prints fifth weekly loss in a row At time of writing, AUD/USD is trading at the 0.9160 zone, 0.8% lower on the day. The Australian dollar is on track to post its fifth weekly loss in a row, having dropped almost 600 pips from late Oct highs. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 22,2013 OctaFX.Com News Updates

Greek PM Samaras sees no fiscal shortfall for 2014 FXstreet.com (Barcelona) - Greek PM Antonis Samaras visited Berlin on Friday to hold a meeting with German Chancellor Angela Merkel and discuss Greece's progress on its bailout commitments. The Greek leader said he did not see a shortfall in Greece's aid program and assured that the country would not ask for any additional funds. Samaras expressed hope that the negotiations with the Troika international lenders would end soon. He assured that Greece would continue implementing the necessary reforms in order to receive the next tranche of aid. Angela Merkel admitted that Greece had made considerable progress in implementing reforms, which would be evident in the primary surplus. She acknowledged the sacrifices made by the Greeks and urged the country to deliver on its commitments as this is the only way further funds could be released. "And what I am taking away from everything discussed today is that it's not very easy but it's doable," the German Chancellor said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 22,2013 OctaFX.Com News Updates

Flash: EUR/USD turning lower – TDS FXstreet.com (London) - A research team at TD Securities noted that the EUR/USD traded in a very narrow range for most of the overnight session, but in recent hours has been boosted, taking back some of yesterday’s losses. Key Quotes: “The trigger for yesterday’s selloff was a headline suggesting that negative deposit rates was an option for the ECB, but that was nothing new, and in a speech this morning Draghi reaffirmed that the thinking has not changed since the last policy meeting”. “Draghi’s comments managed to overshadow the preliminary PMI numbers for November, which on balance were mixed”. “Overall, a weak turn in EZ economic activity does not bode well for the EUR while data elsewhere in the developed world continues to hold up. Today’s US data will be viewed in that context”. “On the charts, yesterday’s large bearish outside-range day for EUR/USD does significant damage to the rebound of the last week, and suggests rallies should be limited in the short term. Resistance above is spotted near 1.3500, while 1.3400/25 is the nearest short term support to watch. Below there it could be a quicker slide toward 1.3300”. AUD/USD Levels The 20 DMA is 0.9443, the 50 DMA is 0.9445 and the 200 DMA is 0.9651. RSI (14) reads 23.49. Supports are ascending from 0.9196 and 0.9234. Spot is currently 0.9254 and resistances are 0.9282, 0.9301, 0.9378, 0.9418, 0.9448, 0.9482 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 21,2013 OctaFX.Com News Updates

AUD/USD extending losses; A big mover FXstreet.com (London) - There has been some price action from Asia and another big mover was the AUD. AUD/USD sold off by 0.7% to 0.9267 and also drove NZD lower. Marcin Budkiewicz , Strategist, Rates and FX Research at TD Securities said, ‘Part of this was driven by RBA Governor Stevens, who mulled FX intervention, saying that “our position has long been, and remains, that foreign exchange intervention can, judiciously used in the right circumstances, be effective and useful.”” AUD/USD has extended losses throughout the European session and into North American data releases. US Initial Jobless Claims improved from 323k vs the 335k consensus. PPI came in line at 0.3% while PPI ex food and energy year on year was up slightly vs consensus at 1.4% vs 1.3%. AUD/USD Levels The 20 DMA is 0.9443, the 50 DMA is 0.9445 and the 200 DMA is 0.9651. RSI (14) reads 23.49. Supports are ascending from 0.9196 and 0.9234. Spot is currently 0.9254 and resistances are 0.9282, 0.9301, 0.9378, 0.9418, 0.9448, 0.9482 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 21,2013 OctaFX.Com News Updates

GBP/USD eases to 1.6120 FXstreet.com (Edinburgh) - After hitting fresh session highs just above 1.6140, the GBP/USD is now retreating to the 1.6125/20 post-US data. GBP/USD capped by 1.6140 The pair’s bullish momentum seems to have run out of steam in the vicinity of 1.6140 on Thursday, dragged lower by a better tone from the greenback. Data wise in the UK, the public sector figures came in above forecasts, with the Public Sector Net Borrowing climbing to £6.383 billion during October. Releases in the US economy were USD-supportive, showing lower Initial Claims (323K vs. 344K prev.) and Core Producer Prices above estimates. GBP/USD levels to consider At the moment the pair is up 0.14% at 1.6130 with the next hurdle at 1.6178 (high Nov.20) followed by 1.6207 (high Oct.28) and then 1.6248 (high Oct.25). On the downside, a breach of 1.6072 (low Nov.21) would open the door to 1.6068 (MA30d) and then 1.6060 (low Nov.19). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 21,2013 OctaFX.Com News Updates

US: PPI dropped 0.2% MoM in October FXstreet.com (Edinburgh) -The Labour Department reported that Producer prices contracted 0.2% MoM during October, matching expectations and down from September’s -0.1%. Over the last twelve months, prices have matched estimates at 0.3%. Ex food and energy, prices rose 0.2% MoM and 1.4% YoY, vs. the median at 0.1% and 1.3% respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 21,2013 OctaFX.Com News Updates

US: Initial Jobless Claims fell to 323K FXstreet.com (Edinburgh) - According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits fell by 21K last week to a seasonally adjusted 323K in the week ended November 15, below expectations at 335K and coming from 344K (revised from 339K) in the previous print. Continuing claims, which reflect people already receiving benefits, rose by 66K to a seasonally adjusted 2.876 million in the week ended November 8 vs. 2.810 million in the previous week (revised). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 21,2013 OctaFX.Com News Updates

Flash: GBP going rising on central banks? – RBS [/b] FXstreet.com (London) - RBS Global Banking and Markets team said they see Sterling rising. Key Quotes: “This week's minutes from the November MPC are expected to show that the decision to keep policy unchanged was unanimous. Overall, the MPC's policy stance appears to have entrenched around neutrality”. “…however, the tone of Weale's comments towards the back end of last week may suggest that the minutes will show a greater degree of views than the market expects”. “We believe that the recent out-performance of UK data and the apparent indifference of the BoE MPC to the associated tightening of monetary conditions will continue to play GBP positive”. “With Fed Chairman-elect Yellen deciding not to throw a policy curve-ball last week and the discussion around the ECB inching towards Credit Easing, we see GBP/USD rising”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

EUR/USD falters ahead of 1.3550 FXstreet.com (Córdoba) - The EUR/USD has kept pushing higher during the New York session, printing fresh 2-week highs helped by broad US stocks gains. EUR/USD rises to fresh 2-week highs US National Association of Home Builders Index was unchanged at 54 in November from a downwardly revised October reading, missing expectations of 55. The EUR/USD broke above 1.3530 and stretched to its highest level since Nov 6 at 1.3540 in recent dealings. At time of writing, EUR/USD is trading at 1.3530, recording a 0.3% rise Monday. EUR/USD technical outlook From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that EUR/USD keeps a positive tone but says the pair needs to consolidate gains above 1.3550 to actually define a bullish trend. EUR/USD technical levels In terms of technical levels, the EUR/USD could find next resistances at 1.3547 (Nov 6 high) and 1.3578 (20-day high). On the other hand, supports are seen at 1.3473 (daily low), 1.3430 (Nov 15 low) and 1.3400 (daily low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

US: NAHB Housing Market Index unchanged in November FXstreet.com (Barcelona) - The US NAHB Housing Market Index remained steady at 54 in November, according to data released by the National Association of Home Builders. Analysts expected the indicator to edge up a notch to 55. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

Flash: USD modestly weak on Yellen – BTMU FXstreet.com (London) - Lee Hardman, Currency Analyst at The Bank of Tokyo-Mitsubishi UFJ notes the performance of the dollar index. Key Quotes: "The US dollar has continued to weaken modestly in the Asian trading session with the dollar index falling back towards support from its 55-day moving average which comes in at 80.55". "Over the last two years the dollar index has traded largely within a narrow range between the 78.00 and 84.00 levels, with the US dollar continuing to lack clear direction against the other major currencies in the near-term". "Fed Chair-elect Janet Yellen’s dovish tone at last week’s testimony before the Senate Banking Committee is still weighing modestly upon the US dollar in the near-term". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

USD/JPY failing below the 100.00 handle FXstreet.com (London) - USD/JPY had been pushing back above the 100.00 handle last week reaching 100.45 ahead of 100.60 resistance and started to tail off on Fridays session into the close with no extension in the Nikkei. USD/JPY has met further supply on the open of this weeks session pushing through 100.00. The pair has printed a gap on the charts from 100.20 to 100.00 and recorded a low of 99.79. The market is however still long USD/JPY as noted by the 20% increase in YEN shorts last week in IMM data, so buying dips might remain the theme with support in 99.70/80 and 99.40/50. From the calendar, the main event according to Danske Bank analysts is the NAHB housing index in the US which is the first indicator for the strength of the US housing market in November. Also, they note, Fed's William Dudley (voter, dove) and Charles Plosser (voter, dove) are both scheduled to speak. “Dudley's speech will be the most important as his views are believed to be close to Ben Bernanke's and Janet Yellen's”. USD/JPY Levels The 20 DMA is 98.55, the 50 DMA is 98.50 and the 200 DMA is 97.91. RSI (14) reads 43.24. supports are ascending from 99.37, 99.56, 99.73 and 99.93. Spot is currently 99.98 while resistances are 100.47, 100.62, 101.05 and 101.30. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

US: Net Long-Term TIC Flows rise to $25.5B in September FXstreet.com (Barcelona) - US Net Long-term TIC Flows grew to $25.5B in June, above the forecast of rising to $21.3B and following a reading of $-9.8B in August, the US Department of Treasury reported on Monday. Total Net TIC Flows plunged to $-106.8B from $-13.8B. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

Flash: US events today on GBP/USD breaching highs – Danske Bank FXstreet.com (London) - GBP/USD has notably taken out recent highs through 1.6120 which brings the 1.62 handle into focus. Danske Bank analyst's note main events today from the calendar. Key Quotes: “In the data calendar the main event is the NAHB housing index in the US that is the first indicator for the strength of the US housing market in November”. “Fed's William Dudley (voter, dove) and Charles Plosser (voter, dove) are both scheduled to speak. Dudley's speech will be the most important as his views are believed to be close to Ben Bernanke's and Janet Yellen's”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

Troika continues talks with Greek officials FXstreet.com (Barcelona) - According to a Greek finance ministry spokesman, the EU, ECB and IMF representatives have wrapped up the bailout talks with Greek officials for today. He assured that all pending issues have been discussed and that the 2014 budget would be presented on Thursday. The aim of the negotiations was to reach an agreement on the 2014 budget cuts, which would allow for the release of the next tranche of aid for the indebted country. Finance minister Yannis Stournaras tried to convince the international lenders that the recently uncovered 1.5 billion euro budget shortfall for next year does not mean that further austerity measures should be implemented. The Troika inspectors on the other hand believed that the gap cannot be covered with savings coming only from structural reforms. The international creditors pushed for more wage and pension cuts, which could prove to be too much of a burden for the Greeks and could lead to an aggravation of social unrest. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

Canada September Foreign portfolio investment in Canadian securities increase to $8.36B vs $2.08B (August) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 18,2013 OctaFX.Com News Updates

US EIA Crude Oil Stocks change up to 2.64M in November 8 from 1.577M Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14,2013 OctaFX.Com News Updates

USD/CAD jumps to 2-month highs at 1.0525 The US Dollar is trading higher against its Canadian counterpart in the American session and after jumping around 35 pips in the last hour the USD/CAD has broken above the 1.0510 and reached fresh highest since September 4th at 1.0525. The USD/CAD is currently trading at 1.0512, 0.50% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish. Above the 1.0525, next resistances come at 1.0550 and 1.0565. On the downside, supports are at 1.0500, 1.0480 and 1.0440. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14,2013 OctaFX.Com News Updates

Flash: EUR/USD is weak, but still within Wednesday’s range - Scotiabank FXstreet.com (Barcelona) - Camilla Sutton, Chief FX Strategist at Scotiabank notes that EUR/USD is weak, down -0.4% since yesterday’s close, but still trading within Wednesday’s range. Key Quotes European growth releases were mixed, as expected in Germany at 03% QoQ and 0.6% YoY, and disappointing from France, and flirting with recession in the wider Eurozone with GDP at 0.1% QoQ and -0.4% YoY.” “The growth outlook for the US and the Eurozone is beginning to diverge, with the Q3 prints suggesting there is too little optimism priced in for the US and too much for Europe.” “This is an important shift and one that is likely to support the USD. Tomorrow’s CPI (final) release for October will be important for judging the ECB’s path from here.”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14,2013 OctaFX.Com News Updates

GBP/USD trades close to 1.6100, buy stops at 1.6120 FXstreet.com (San Francisco) - After jumping around 100 pips in the latest few hours from 1.5990, the GBP/USD is now approaching to the 1.6100 key level with the pair pricing a fresh intra-week high at 1.6090. The GBP/USD is now trading at 1.6085, 0.37% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. CCI and momentum are pointing to the north while the Stochastic and the MACD are neutrals. GBP/USD levels Talks report that there is a large buy stops gathering around 1.6120 and more through 1.6165. Meanwhile, the GBP/USD could see resistances at 1.6100, 1.6120 and 1.6140. On the downside, the cable would face supports at 1.6000, 1.5965 and 1.5890. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14,2013 OctaFX.Com News Updates