OctaFX_Farid

USD/JPY climbs back above 100.00 FXstreet.com (Córdoba) - The USD/JPY extended gains above the 100.00 hurdle Thursday and printed a fresh 6-week high in a day loaded of data. USD/JPY hits fresh 6-week high With US 10-year yields reaching the highest since July 2011, USD/JPY stretched to a peak of 100.17 after the ISM services PMI came in stronger than expected for August, which gave the greenback another boost across the board. At time of writing, USD/JPY is trading around 100.10, 0.4% above its opening price. USD/JPY maintains the positive tone From a technical perspective, the USD/JPY maintains the positive tone, says Valeria Bednarik, chief analyst at FXstreet.com. However, the analyst notes that range trading is likely to persist until next Friday’s US employment figures. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 05,2013 OctaFX.Com News Updates

US: Factory Orders drop by 2.4% in July FXstreet.com (Barcelona) - US Factory Orders fell 2.4% in July, compared with the the 1.6% rise in June, the US Census Bureau reported today. Market consensus pointed to a steeper decline of 3.3%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 05,2013 OctaFX.Com News Updates

Flash: USD/JPY pointed higher – TD Securities FXstreet.com (Lisbon) - The USD/JPY has whipsawed overnight in the aftermath of the BoJ statement where they offered a modestly improved outlook on the Japanese economy, notes the TD Securities Team. Key quotes “The USD/JPY refused to stabilize even with the much talked about sales tax increase planned by the Abe government. There was nothing unexpected from the BoJ meeting which leaves USD/JPY and the other JPY crosses at the whim of other global events for now (ECB and US jobs numbers in particular).” “Overall, the balance of risks suggest the prevailing trend lower in the JPY should extend in the short-term.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 05,2013 OctaFX.Com News Updates

EUR/JPY on meteoric rise for 10-day highs at 131.84 FXstreet.com (Chicago) - EUR/JPY extends bullish momentum after the completion of an upward flag. The pair broke through 131.50 resistance zone to spike and target 132.00 zone in the afternoon of the American trading session. European data Earlier in Europe, the region’s GDP results matched 0.3% expectations (QoQ). Annual GDP was -0.5% vs. prior -1.1% and estimates at -0.7%. Retail sales failed to meet estimates with monthly results at 0.1% vs. 0.4% projections and prior -0.7% (MoM). Yearly results were -1.3% vs. estimates at -0.4%. Despite results, the euro maintained 0.52% gains to eventually be pushed up by bullish pressure. In Japan, the yen weakened after the cooling down of the Syrian conflict (less risk-averse behavior) along the announcement that the sales tax hike will be determined within one month and not until Spring 2014 as planned. Markets closed with gains in both regions with the FTSE 100 up 0.10%, the DAX up 0.19% and the CAC 40 up 0.16%. The Nikkei 225 registered 0.54% gains. EUR/JPY Technical Levels Technically speaking, the pair rose after the completion of a flag that originated last September 1st around 130.00 zone. After trading sideways for a few hours, the pair handled to break through strong resistance. At 131.77, the pair oscillates between supports at 131.52 (August 4th highs), 131.14 (August 20th highs) ahead of 130.73 (September 2nd lows) and resistances at 131.93 (August 24th highs), 132.33 (August 22nd highs) followed by 132.72 (July 23rd highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe and is offered above the EMA20. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 04,2013 OctaFX.Com News Updates

EUR/USD eyes 1.3220 as recovery intensifies FXstreet.com (Edinburgh) -The bid tone continues to prop up the upside of the shared currency on Wednesday, pushing the EUR/USD to challenge the region around 1.3220. EUR/USD rebounds sharply The pair bounced markedly from the area of 1.3170 to print fresh intraday highs in the boundaries of 1.3220 as the USD surrenders recent gains and the sentiment favouring riskier assets is quickly spreading across the markets. “The recent selloff in EUR/USD has stabilized overnight after reaching support provided by the 100-, and 200-day moving averages late yesterday (currently 1.3135/45). Upward EZ PMI revisions added to the recent positive data trend in the region, although all eyes are on the ECB tomorrow. Our bias is for higher yields in aftermath which could help lift EUR/USD, at least on a short term basis. More broadly we remain bearish on the pair however”, suggested S.Osborne and G.Moore, FX Strategists at TD Securities. EUR/USD support/resistance levels As of writing the pair is gaining 0.29% at 1.3209 and a surpass of 1.3219 (low Aug.29) would target 1.3237 (high Sep.2) en route to 1.3255 (high Aug.30). On the flip side, the initial support aligns at 1.3157 (low Sep.4) followed by 1.3145 (MA200d) and finally 1.3138 (low Sep.3). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 04,2013 OctaFX.Com News Updates

GBP/USD testing support 1.5535 FXstreet.com (London) - GBP/USD had been well supported in Europe with the UK construction PMI surprising to the upside. This data reinforced the trend of strong UK releases lately. The BoE on Thursday is going to b main UK event for the week, where there is still the risk that the Bank attempts to push back on market expectations for the timing of an eventual rate hike. Then the US payrolls will be in focus and will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold.” GBP/USD eyes June highs Karen Jones, chief strategist at Commerzbank said that GBP/USD is attempting to hold over the 1.5460 2 month up channel. “Intraday rebounds are expected to struggle circa 1.5605 (April high). While capped here the market remains directly offered and the uptrend at 1.5460 exposed. Above 1.5605 will force us to the sidelines as this will suggest a retest of the 1.5716/52 – the recent high and the high made in June”. The 20 DMA is 1.5544, the 50 DMA is 1.5543 and the 200 DMA is 1.5504. RSI (14) reads 42.18. Supports are ascending from 1.5373, 1.5427, 1.545,8 1.5507. Spot is 1.5535 while resistances are 1.5607, 1.5612, 1.5638 and 1.5677. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 03,2013 OctaFX.Com News Updates

USD/JPY loses momentum after hitting 1-month high FXstreet.com (Córdoba) - The USD/JPY advanced to a 1-month high on Monday as upbeat global PMIs and US delaying any decision on Syria until Congress returns next week boosted sentiment. USD/JPY climbed more than 100 pips throughout the day, breaking above the 99.00 mark, and hi its highest since Aug 2 at 99.42 during the European session. However, the pair lost momentum and entered in a consolidation phase afterward. At time of writing, USD/JPY is trading at the 99.25 zone, 0.9% above its opening price. With US markets closed due to the Labor Day Holiday, the pair might spend the rest of the day in a range in the absence of news and headlines. USD/JPY technical levels As for technical levels, USD/JPY could find immediate resistances at 99.42 (daily high) and 99.93 (Aug 2 high), while supports are seen at 99.00 (psychological level) and 98.70 (20-hour SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02,2013 OctaFX.Com News Updates

USD/JPY loses momentum after hitting 1-month high FXstreet.com (Córdoba) - The USD/JPY advanced to a 1-month high on Monday as upbeat global PMIs and US delaying any decision on Syria until Congress returns next week boosted sentiment. USD/JPY climbed more than 100 pips throughout the day, breaking above the 99.00 mark, and hi its highest since Aug 2 at 99.42 during the European session. However, the pair lost momentum and entered in a consolidation phase afterward. At time of writing, USD/JPY is trading at the 99.25 zone, 0.9% above its opening price. With US markets closed due to the Labor Day Holiday, the pair might spend the rest of the day in a range in the absence of news and headlines. USD/JPY technical levels As for technical levels, USD/JPY could find immediate resistances at 99.42 (daily high) and 99.93 (Aug 2 high), while supports are seen at 99.00 (psychological level) and 98.70 (20-hour SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02,2013 OctaFX.Com News Updates

USD/JPY loses momentum after hitting 1-month high FXstreet.com (Córdoba) - The USD/JPY advanced to a 1-month high on Monday as upbeat global PMIs and US delaying any decision on Syria until Congress returns next week boosted sentiment. USD/JPY climbed more than 100 pips throughout the day, breaking above the 99.00 mark, and hi its highest since Aug 2 at 99.42 during the European session. However, the pair lost momentum and entered in a consolidation phase afterward. At time of writing, USD/JPY is trading at the 99.25 zone, 0.9% above its opening price. With US markets closed due to the Labor Day Holiday, the pair might spend the rest of the day in a range in the absence of news and headlines. USD/JPY technical levels As for technical levels, USD/JPY could find immediate resistances at 99.42 (daily high) and 99.93 (Aug 2 high), while supports are seen at 99.00 (psychological level) and 98.70 (20-hour SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 02,2013 OctaFX.Com News Updates

Canada: GDP contracted 0.5% MoM in June FXstreet.com (Edinburgh) -The Canadian economic activity contracted 0.5% on a monthly basis during June, matching expectations and down from May’s 0.2% advance. On an annualized basis, the GDP expanded 1.7% QoQ during the second quarter, surpassing estimates at 1.5%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 30, 2013 OctaFX.Com News Updates

GBP/USD under pressure on weaker USD spending data FXstreet.com (Athens) - The GBP/USD is well capped by 1.5500 key area, on global turmoil and weaker than expected data from US. Weaker US Consumer data putting again riddles on ‘tapering’ to traders; GBP/USD below 1.5500 The weaker than expected US data did not assist investors to comprehend if the ‘tapering’ will be ‘sooner’ rather than ‘later’. The US data were mixed, but the most crucial ones, such consumer spending, personal income, as well as personal spending let down investors all over the globe. On the other hand, the sterling is underperforming today due to a general corrective pullback. What’s more, traders should bear in mind that the last week (global turmoil, rumors for US military forces invading Syria), was not generally a pretty go of things for risk-seeking investors. Last but not least, next week might probably be the crucial one for Fed’s tapering decision. Technical Outlook on GBP/USD At the time of writing, the cable is trading at 1.5488, down 0.11%. The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support and resistance can be found at S3: 1.5417 S2: 1.5420 S1: 1.5356 R1:1.5527 R2:1.5565 R3:1.5604 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 30, 2013 OctaFX.Com News Updates

Flash: USD/JPY rebound expected to fail at downtrend - Commerzbank FXstreet.com (Barcelona) - Axel Rudolph, Senior Technical Analyst at Commerzbank notes that USD/JPY continues to see a rebound from the 96.64 2 month support line. Key Quotes “While it is possible that we will see the market rebound towards the 99.30 3 month downtrend, we look for this to contain the topside. We are negative short term below here.” “Below the 96.64 support line targets the five month support line at 95.02. Over the coming weeks we allow for losses back to the 94.45/93.75 support area. This is where the 200 day moving average, Fibonacci retracement and the June low are to be found.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 30, 2013 OctaFX.Com News Updates

Session Recap: USD firms ahead of GDP figures FXstreet.com (Córdoba) - Even though reduced tension regarding Syria gave high yielding currencies and stocks some relief, the USD extended gains on Thursday as month-end buying kicked in. EUR/USD finally broke below 1.3300, which had contained the pair over the last 2 weeks, and accelerated toward the 1.3240 area. GBP/USD has managed to hold above the 1.5500 mark and trades little changed around 1.5515. Meanwhile, the USD strengthened sharply versus the JPY and the CHF, with USD/CHF reaching a 2-week high just ahead of the 0.9300 level. Currencies linked to commodities are a tad lower with USD/CAD hovering around 1.0500 and AUD/USD around 0.8930. Investors will now be watching for the second reading of US gross domestic product for the second quarter as markets continue to look US data closely ahead of the Fed’s meeting next month. Main Headlines in Europe: Commodities soar on Syria’s threat France: Business Climate up to 98 in August Spain: Q2 GDP contracted 1.6% YoY Switzerland: Employment Level at 4.166 M QoQ in Q2 Germany: Unemployment Change up 7K in August Bourses in Euroland revert losses, EUR plummets Flash: What’s the sentiment around the EUR/USD? – Commerzbank and ANZ OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2013 OctaFX.Com News Updates

EUR/CHF above 1.2300 as fears on early military strike abated FXstreet.com (Athens) - The EUR/CHF is trading smoothly upwards, consolidating around 1.2300 level. The EUR/CHF continues to consolidate around the 1.2300 handle Traders were relatively more hopeful on the European trading session, as it was all quiet on the Syrian front. As a consequence, the single currency found solid ground to boost further and mostly to consolidate above the 1.2300 zone. There have been some spicy comments on behalf of ECB, as Nowotny said ‘central banks shouldn't intervene in FX markets, the Swiss monetary policy is very unconventional’. Technical outlook on EUR/CHF At the time of writing, EUR/CHF is trading as of 1.2310, up 0.10%, not far away from its daily high of 1.2315. The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support can be found at 1.2288, 1.2257, 1.2227, and resistance at 1.2378, 1.2409 and 1.2434, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2013 OctaFX.Com News Updates

Portugal August Consumer Confidence: -49 vs -52.7 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2013 OctaFX.Com News Updates

GBP/USD soars on Carney dovish comments FXstreet.com (Athens) - The GBP/USD gains more than 50 pips, while Carney comments ‘rates will be on hold until jobs rise in a sustainable fashion’. GBP/USD spikes above 1.5500 level on Carney mania across the board The cable jumped more than 50 pips, after the Canadian governor of BoE said that ‘guidance does not prevent the central bank from adding to stimulus and ‘rates will be on hold until jobs rise in a sustainable fashion’. While, just before Carney’s lunchtime talking, the cable being caught under severe pressure, Carney’s comments made cable to jump over 1.5500 area. The BoE governor also said that ‘7% unemployment rate is not a trigger, but a threshold’, boosting sharply the demand for the sterling. Technical outlook on GBP/USD At the time of writing, GBP/USD is trading at 1.5521, down 0.15%, after having reached a daily high of 1.5532 The FXstreet.com Trend Index shows the pair to be neutral. Daily pivot point support and resistance can be found at S3: 1.5480 S2: 1.5425 S1: 1.5400 R1:1.5614 R2:1.5643 R3:1.5682 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2013 OctaFX.Com News Updates

USD/CHF above 0.9200, on USD strengthening across the board FXstreet.com (Athens): The USD/CHF has been trading upwards on European trading session all time long, but it took several hours to break above the 0.9200 area. USD/CHF breaks the barrier of 0.9200 on Syria conflict fears The USD/CHF fell apart on Tuesday, as it broke the crucial resistance of the 0.9200 area. While the pair had been trading on the upper level since the opening of the European trading session, it failed to break the resistance zone of 0.9200 area. Finally, due to the geopolitical tensions, the American dollar got a solid boost across the board, i.e. USD/CHF managed to spike on 0.9211 and still sitting well above 0.9200 level. Juckes from Societe Generale, says that ‘The blood-letting won't really end until the Fed finally moves from taper-talk to actually cutting back bond purchases though on a positive note, we may then see a decent bounce in EM in particular and in ‘risk' overall. But for now, the risk of US/European intervention in Syria is the focus’. Technical outlook on USD/CHF At the time of writing, the pair is trading at 0.9204, up 0.28 BBH Global Currency Strategy Team suggest that ‘USD/CHF is gradually moving towards the June low near 0.9100, not too far from the year’s low around 0.9020. Also, the geopolitical tensions have contributed to the partial reversal of the higher trend in US Treasury yields. For example, 10-year yields are back to 2.74%, off 16 basis points from their recent highs from the middle of last week. The trend higher in gold prices which started in early July has also seems to have been reinforced, rising 4.5% since the middle of last week’. The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support can be found at 0.9107, 0.9085, 0.9062 and resistance at 0.9260 0.9286 and 0.9308, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2013 OctaFX.Com News Updates

Flash: EUR/USD maintains bullishness despite earlier stumble – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses. Key quotes “Initial resistance for the EUR/USD is at 1.3452, a break above which would open 1.3520 ahead of 1.3711. Support is at 1.3298 ahead of 1.3206, suggesting a bullish outlook.” In terms of the EUR/CHF, “Support is at 1.2268, a break below which would expose 1.2219. Resistance is at 1.2378 ahead of 1.2434.” Moving to the EUR/GBP, “The cross has been consolidating over the past few sessions and any further recovery should find resistance at 0.8606. Support is at 0.8505 ahead of 0.8398, suggesting a bearish outlook.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2013 OctaFX.Com News Updates

Flash: EUR/USD and stocks higher on US data disappointment - Danske Bank FXstreet.com (Barcelona) - Danske bank analysts note that yesterday’s disappointing durable goods orders out of the US sent rates lower and EUR/USD and equities higher (reversed later) as markets continue to discount the Fed tapering process. Key Quotes “Notably worrying was the capex trend suggesting that businesses started Q3 on a weak footing and unless July proves an outlier,this could imply downside risks to our H2 forecast that US growth will pick up.” “Regarding the global economic outlook, we highlight that growth in developed markets is finally taking off in H2 due to the end of fiscal tightening, a turn in US housing and reduced global uncertainty.” “Rising exports to US and Europe should also help to eventually lift emerging markets (EM) in 2014.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2013 OctaFX.Com News Updates

Commodities rising on DXY drop FXstreet.com (Athens) - Commodities rose on Friday, as the drop in U.S. new home sales, renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. Will commodities go further this week? A rise in gasoline futures helped oil prices pull higher on Friday following news of a unit shutdown at a Canadian East Coast refinery. Brent crude raised $1.14 to settle at $111.04 a barrel, off earlier highs of $111.23 a barrel. U.S. crude raised $1.39 to $106.42 a barrel, off a session peak of $106.94 and narrowing the contract's discount to Brent to $4.62 a barrel. Gold rose almost 2 percent on Friday, hitting its highest price in more than two months near $1,400 an ounce, as a big drop in U.S. new home sales renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. To elaborate on, the previous week, gold gained 1.6 percent for its third consecutive weekly rise. It has climbed in six out of the past seven weeks since gold fell to a three-year low at $1.180 an ounce on June 28. Last but not least, silver rose 4 percent to $24.04 an ounce, having hit a high of $24.08, which marked the highest since May 9. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2013 OctaFX.Com News Updates

Flash: GBP/USD apprehensive ahead of Carney - OCBC Bank Emmanuel Ng of OCBC Bank notes that after a choppy session, GBP/USD ended slightly lower on the day despite supportive data readings. Key Quotes “Markets may remain apprehensive going into BOE Carney’s appearance on Wednesday amid background fears that the governor may express some discomfort with firmer interest rates.” “On the CFTC front, net speculative GBP shorts were reduced in the latest week but the pair may hesitate on approach of the 1.5750/60 neighborhood on the top side while the 200-day MA (1.5516) may provide initial s support on dips.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2013 OctaFX.Com News Updates

EUR/USD jumps after EMU, US data FXstreet.com (Córdoba) - The EUR/USD jumped to fresh daily highs after the latest string of data showed Eurozone consumer confidence rose to a 2-year high in August, while US new home sales dropped sharply in July. Data lifts EUR/USD to 2-day high EUR/USD broke above the 1.3370/75 area, which had been capping the upside over the last 2 days, and printed a high of 1.3387 so far. At time of writing, EUR/USD is trading at the 1.3380 zone, where it records a 0.2% gain on the day. EUR/USD technical levels If EUR/USD manages to clear the 1.3385 zone, next resistances could be found at 1.3400 (psychological level) and 1.3426 (Aug 21 high). On the flip side, supports are seen at 1.3330 (10-day SMA) and the 1.3297/1.3300 area (Aug 22 low/psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 23, 2013 OctaFX.Com News Updates

US New Home Sales decline 13.4% to 394M annual rate in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 23, 2013 OctaFX.Com News Updates

Canada: CPI grows 0.1% in July, 1.3% YoY FXstreet.com (Córdoba) - The Canadian consumer price index grew 0.1% in July accumulating 1.3% year-over-year, a tad above the previous month's 0.0% and 1.2% readings. Market expectations were for a 0.2% rise MoM and 1.4% YoY in July. The core rate, which excludes volatile components such as some food and energy, stood unchanged compared to the previous month but rose 1.4% over the year, which came in line with market expectations. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 23, 2013 OctaFX.Com News Updates

Flash: USD/JPY fortified by strong support – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions. Key quotes Beginning with the USD/JPY, “Resistance is at 98.67, a close above this would be positive, extending the strength to 99.95 and then 101.53. Strong support is at 96.91 ahead of 95.81, indicating a neutral outlook.” Regarding the GBP/USD, “The pair is under correction within what is an ongoing bullish trend. Support is at 1.5536 ahead of 1.5423. Resistance is at 1.5752 ahead of 1.5879, suggesting a bullish outlook” Finally, in terms of the USD/CHF, “As bearish conditions persist, there is scope for further weakness to test important support at 0.9130. A move below which would expose 0.9022. Resistance is at 0.9301 ahead of 0.9396.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 22, 2013 OctaFX.Com News Updates