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OctaFX .com Happy Weekend to all 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!

Forex Flash: High dividend stocks retain luster – Goldman Sachs FXstreet.com (Barcelona) - According to the Economics Research Team at Goldman Sachs, “We continue to like high dividend yield stocks and with more easing of global financial conditions, bond yields are close to their cycle lows and credit spreads remain tight as the search for yield intensifies.” 10-year Treasuries have rallied to below 1.75% on the back of QE in Japan and weaker global growth data – credit spreads are likely to remain tight as a result. With the yield opportunity set in fixed income shrinking further, investors are pushed up the risk curve and within equities high dividend yield stocks are often their first choice due to their attractive yield compared to other asset classes and as they are more bond-like, with more total return upfront and less from future growth. “They are also perceived to be less risky and more defensive – this move up the risk curve has probably also contributed to the outperformance of defensives vs. cyclicals year-to-date in Europe and the US.” the team adds. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 03, 2013 OctaFX.Com News Updates

Forex: EUR/JPY rises to 130.00 handle on US session FXstreet.com (Barcelona) - While the USD/JPY made a quick rally to 90.00 area, staying sideways since then, and the EUR/USD plunged to 1.3034 before pulling back to its highs at 1.3150, the EUR/JPY reaction to the US nonfarm payrolls during the US session has been more of a steady rise towards the 130.00 mark. The pair jumped 100 pips to 129.50 first, and then extended higher to 130.34 high slowly. The market is currently +1.50% up on the day, just below the 130.00 handle. The US nonfarm payrolls surprised investors as the March weakness was revised higher by 50K, from 88K to 138K. Also, April data came in above market consensus, at 165K instead of 145K. Market consensus was already suggesting a contraction, but by -2.6% in March, not what actual Factory Orders data showed: -4.0%. Also, the February figure was revised lower, from -3.0% to -1.9%. The non-manufacturing PMI by ISM fell from 54.5 to 53.1 in April, disappointing investors that were expecting a figure around 54.0. The European Commission granted a 2-year extension to achieve the deficit deadlines in Spain and France, placing it in 2016 and 2015 respectively. “Above 130 will target the 131.12 recent high. Our slightly longer term target is 136.71, the upside measurement from a wedge”, wrote Commerzbank analyst Karen Jones. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 03, 2013 OctaFX.Com News Updates

Forex: EUR/USD accelerates de downside, around 1.3045/50 FXstreet.com (Barcelona) - The selling pressure in the shared currency has intensified on Friday, dragging the cross to fresh weekly lows in the vicinity of 1.3025/30 as better-than-expected April Payrolls are renewing the idea that the Fed may tamper its ongoing QE programme sooner that estimated. Recall that the us economy created 165K jobs during April, beating forecasts at 145K and March’s print at 138K (revised from 88K). The unemployment rate also bettered estimates, falling to 7.5% vs. 7.6% expected. The cross is now retreating 0.13% at 1.3047 with support levels at 1.3037 (low May 2) and then 1.3015 (low Apr.29). On the flip side, a surpass of 1.3220 (high May 2) would open the door to 1.3231 (daily cloud top) and then 1.3243 (high May 1). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 03, 2013 OctaFX.Com News Updates

OctaFX.com- Updated and more convenient economic calendar from OctaFX Dear traders! OctaFX is constantly working on the improvement and enhancement of our services. We are considering your feedback and doing our best to make your trading experience convenient. With this in mind, we are proud to present our new and updated Economic Calendar . Now you can view all the important news releases, sort and filter them in the way you like it. This will keep you updated about all the news in the market. You can also set your time zone to know exactly the time of a particular news release. We have several other great features in development, so please stay tuned for the news. 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!

Forex: US Dollar Index upside capped around 82.40 FXstreet.com (Barcelona) - The US Dollar Index, which gauges the greenback against its major competitors, is advancing firmly on Thursday after the ECB left the door open for negative interest rates on deposits in its last meeting. “Renewed vulnerability in commodities has aided USD but the US economy remains in its “spring swoon”. EUR vulnerability should limit downside on DXY”, commented Sean Callow, Strategist at the Australian Westpac. As of writing, the index is up 0.90% at 82.26, and according to tradingcentral.com, the next resistance levels line up at 84.05 (horizontal resistance), 85.60 (horizontal resistance) and 86.85 (horizontal resistance); while support levels align at 80.85 (medium-term pivot point) followed by 78.95 (horizontal resistance) and 76.70 (horizontal resistance). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 02, 2013 OctaFX.Com News Updates

Forex: GBP/USD bounces from lows FXstreet.com (Córdoba) - After dipping below the 1.5500 mark and hitting a 2-day low, the Cable managed to bounce and has recovered some ground within the last hours as investors now position for the NFP report. GBP/USD rebounded from a low of 1.5495 following the European close and climbed back to the 1.5530 zone, where it is currently trading, still 0.1% below its opening price. In terms of technical levels, GBP/USD could find next resistances at 1.5535 (intraday level) and 1.5590 (daily high) ahead of 1.5605. On the other hand, supports line up at 1.5495 (daily low), 1.5465 (low Apr 30) and 1.5420/17 (200-hour SMA/low Apr 26). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 02, 2013 OctaFX.Com News Updates

Forex: USD/CAD climbs to 1.0080/85 FXstreet.com (Barcelona) - The renewed strength of the greenback is pushing the cross to the area of 1.0080/85 on Thursday, just pips below session highs in the vicinity of 1.0090 and reverting the negative start. “Short-term patterns continue to suggest some consolidation/basing price action in USD/CAD. The market has pushed through hourly trend resistance off last week’s high and price signals are modestly constructive around the 1.0050 area… Above 1.0105 should allow for a decent short-term bounce to the 1.0140/60 range”, suggested FX Strategists G.Moore and S.Osborne at TD Securities. At the moment, the pair is losing 0.03% at 1.0080 with the next support at 1.0060 (low May 2) ahead of 1.0051 (low May 1) and then 1.0045 (low Mar 28). On the upside, a break above 1.0100 (high May 1) would aim for 1.0173 (50% of 1.0295-1.0051) and finally 1.0178 (MA21d). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 02, 2013 OctaFX.Com News Updates

Forex Flash: Gilts engage in range-bound trading – RBS FXstreet.com (Barcelona) - Gilts remain range-bound after meeting the 119.93 target, but failing to reach the 120.52 wave projection and reversing some of the gains after forming an outside session. According to Technical Strategist Dmytro Bondar at RBS, “The price however found a decent support at 119.56 and 119.27, where several Fibonacci retracement coincide, which overall suggest the worst might be over and the price should recover to 120.52 and potentially 121.00/26 after sitting in a 119.27 – 120.00 range for a while.” Moreover, the caveat would be a sustained break below 119.27. 20-day MA is also a good trailing support and pivot point. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 02, 2013 OctaFX.Com News Updates

OctaFX.com 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!

Forex: AUD/USD falls 100 pips and erases weekly gains, at 1.0282 FXstreet.com (Barcelona) - The AUD/USD is plunging since the publication of US weak ADP employment, from 1.0350, and as went as low as 1.0275 low, falling by 100 pips on the day. The cross is currently trading at 1.0282, Friday’s close, which means it has fully retraced this week’s gains. The US ADP employment report came in lower than expected, at 119K in April instead of the 150K expected, also with the March figure being revised lower from 158K to 131K. Investors will now be eyeing the FOMC meeting. China’s PMI below the 51.0 consensus, easing to 50.6 in April from 50.9 in March, didn’t help the AUD mood either: “The details reveal steady indices for output and raw material inventories, but broad based declines across other components, with the biggest fall recorded in input prices (-10.5pt). At face value, today’s PMI suggests ~7¾% growth in Q2, a similar pace to Q1 and consistent with our view that China’s growth will print sub-8% GDP for 2013”; wrote TD Securities analyst Alvin Pontoh. The April update of the ISM manufacturing PMI dropped from 51.3 to 50.7, disappointing investors by coming below market consensus of 50.9. ISM prices paid fell from 54.5 to 50.0, below 53.0 consensus. “In the medium-term, AUD/USD is moving within the horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high). The direction of the break of this range is expected to give the next medium-term trend”, wrote MIG Bank analysts Bijoy Kar and Luc Luyet. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 01, 2013 OctaFX.Com News Updates

US: EIA Crude Oil Stocks jumps to 6.696M in April-26 FXstreet.com (Barcelona) - EIA Crude Oil Stocks boosted its rising pace by adding 6.696M to its stocks in the week ending at April 26, following a 0.947M rise. Analysts were only expecting 0.800M. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 01, 2013 OctaFX.Com News Updates

Forex: GBP/USD pulls back from highs after load of US data, capped just below 1.5600 FXstreet.com (Barcelona) - The GBP/USD failed to reach the 1.5600 mark on its upside attempts, for now, coming as high as 1.5996 after employment data by ADP. Relevant economic data in the US was already published, and now, investors are getting ready for the FOMC meeting. As of writing, the pair is correcting and trading at 1.5560 area. TD Securities analysts believe that the minutes of today’s FOMC meeting may be more interesting than the actual outcome, “as the minutes will show that the weaker run of US data has shifted the debate away from the exit of QE”. Today’s statement should also give signs of what is to come: “We expect the assessment of the economic and inflation outlook to be downgraded, reflecting a shifting emphasis relative to March when the prospect of a labor market recovery was beginning to tilt the balance towards tapering. This time around the rising uncertainty about the impact of fiscal austerity on growth and further moderation in core inflationary pressures will likely shift the balance back to an easing bias. And even though we do not expect the dial to go all the way to increasing the size of purchases, the risk of this has increased, albeit one that remains quite low”, wrote analyst Alvin Pontoh. The April update of the ISM manufacturing PMI dropped from 51.3 to 50.7, disappointing investors by coming below market consensus of 50.9. ISM prices paid fell from 54.5 to 50.0, below 53.0 consensus. Markit manufacturing PMI improved slightly, from 52.0 to 52.1 in April. The US ADP employment report came in lower than expected, at 119K in April instead of the 150K expected, also with the March figure being revised lower from 158K to 131K. Construction spending in the US contracted by -1.7% in March, according to the US Census Bureau, disappointing the market that was expecting a 0.7% rise. February data was revised higher from 1.2% to 1.5%. “The hourly chart shows price finding support in its 20 SMA, currently around 1.5540, while indicators aim slightly higher above their midlines”, wrote FXstreet.com independent analyst Valeria Bednarik. “In the 4 hours chart indicators maintain a neutral stance in positive territory, as per turning flat over the past 2 days. A strong Fibonacci resistance is located around 1.5610 with a break above this last pointing for an acceleration in the pair’s gains”, she added. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 01, 2013 OctaFX.Com News Updates

Forex: EUR/USD backs away from highs FXstreet.com (Córdoba) - The euro lost momentum after rallying to a fresh 2-month high against the greenback in the wake of disappointing US employment data. However, as investors assess the figures, risk aversion started to sharpen, allowing the USD to recover some ground. EUR/USD peaked at 1.3242 but failed to break higher and pulled back to the 1.3205 area before finding support. At time of writing, the cross is quoting around 1.3210/15, where it posts a 0.4% daily gain. Ahead of the Fed monetary policy decision, sour employment data adds to bank's case to maintain an ultra-loose policy and offers some downside risk to Friday's payroll number. ISM Manufacturing PMI is scheduled for 14:00GMT. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 01, 2013 OctaFX.Com News Updates

OctaFX.com- OctaFX King of the Road Contest Current update of OctaFX Champion Demo Contest! Currently our top contestant yalmos (7) has piled up with 168.2 Points. So, come and grab the opportunity and be the part of matchless traders. Deposit to your account today, register for the contest and let the most proficient trader win! How to take part in the contest Start Now! Thank you for trading with OctaFX. Start your successful trading with OctaFX today Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

Forex Flash: India CPI decelerated in April but should rise further on cuts in fuel subsidies – TD Securities FXstreet.com (Barcelona) - The Indian CPI decelerated from 5.9% in March to 5.6% Y/Y in April, printing slightly below consensus and our 5.7% forecast. According to TD Securities analysts, the decline reflected a small drop in administered and core prices, mainly fresh food, processed food and clothing. “Inflation remains above the BI’s upper target of 5.5%, and will rise further as the government has pledged to deliver cuts in fuel subsidies in May. We expect that a rise in inflation throughout the year will drive Bank Indonesia to raise interest rates by 75bp, starting in Q4’13”, wrote analyst Marcin Budkiewicz. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 01, 2013 OctaFX.Com News Updates

Forex: GBP/USD rising towards yesterday’s high at 1.5546 FXstreet.com (Barcelona) - Sentiment picked up and the GBP/USD moved above the 1.5500 handle and the London morning high of 1.5518 on the New York opening. The pair has reached ground at 1.5530 area, so far, and is closer to yesterday’s high of 1.5546. The Conference Board has reported a much better than expected consumer confidence in April, with an improvement from 61.9 (revised from 59.7) to 68.1, instead of a move to 60.8 as expected. The April Chicago PMI has dropped below the 50.0 threshold, from 52.4 to 49.0, instead of rising to 52.5 as expected. According to the S&P/Case-Shiller Home Prices Indices, housing prices have risen by 9.3% in February, beating market consensus of 9.0% and increasing the rising pace from last month’s 8.1%. UK money supply fell -0.9% (from -0.5%) in March (MoM), instead of rising 0.4%. YoY data eased from 0.5% to 0.3%. Consumer credit came in at £0.5B as expected and net lending to individuals eased from £1.5B to £0.9B. UK mortgage approvals rose from 51.947K to 53.504K, beating 52.500K consensus. “The recent rise is still viewed as a rebound. A key resistance can be found at 1.5689 (13/02/2013 high, see also 200 day moving average)”, wrote MIG Bank analysts Bijoy Kar and Luc Luyet, “Hourly supports can be found at 1.5419 (26/04/2013 low) and 1.5335 (intraday high, see also the low of the rising channel)”, they added. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 30, 2013 OctaFX.Com News Updates

US: Consumer Confidence surprises and jumps to 68.1 in April FXstreet.com (Barcelona) - The Conference Board has reported a much better than expected consumer confidence in April, with an improvement from 61.9 (revised from 59.7) to 68.1, instead of a move to 60.8 as expected OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 30, 2013 OctaFX.Com News Updates

OctaFX to introduce One-Click Trading in Metatrader 4! Dear clients! We are proud to announce one-click trading for Metatrader 4. The long-awaited update is now available in your MT4 trading terminal. No special scripts, nothing to install, you can have it now without any hassle. One-Click trading is an extremely convenient tool, allowing you to trade right from the chart. Every time you want to enter the market fast, you can do it in literally one click. Any news trader or scalper will definitely find it very helpful. Here are three easy steps to enable one-click trading in your MT4. Step 1 Open the chart you want to trade on. Then click the small arrow in the left top corner or the chart next to the symbol name. It will open the one-click trading interface on your chart. Step 2 Now you can see the interface. It shows you your current selected order volume (PLEASE pay attention to that!) and current currency bid and ask prices. You can change your volume here. And as you click SELL or BUY – it will open you a new order in just one click! Step 3 FIRST time you activate your one-click trading, you must agree with the One-Click Trading disclaimer. That’s it, you can use the feature for your trading! We have had a huge demand for One-Click trading and we are happy to satisfy our clients’ needs. Stay tuned for more cool features and updates from OctaFX! 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!

Forex: EUR/USD clings to 1.3100 FXstreet.com (Barcelona) - The shared currency is hovering over the key resistance at 1.3100 on Monday, bolstered by the increasing demand for riskier assets. Collaborating with the upside, the USD continues to suffer as market participants are still digesting the poor US GDP figures from last Friday. “There is now a clear market consensus in favour of an ECB rate cut on Thursday; a view we subscribe to. In the Bloomberg survey around 61% of forecasters favour a move and, if this week’s economic data are soft, it is possible that the conviction behind this expectation will grow”, suggested Jane Foley, Strategist at Rabobank. At the moment, the cross is up 0.38% at 1.3098 and a break above 1.3130 (high Apr.19) would aim for 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide). On the flip side, support levels align at 1.2988 (low Apr.25) ahead of 1.2954 (low Apr.24) and finally 1.2948 (MA200d). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 29, 2013 OctaFX.Com News Updates

OctaFX.com- OctaFX awarded Best Customer Service Broker Asia 2013!! Dear Clients! We are extremely proud to announce that OctaFX has been awarded as the Best Customer Service Broker Asia 2013 by Global Banking and Finance Review. Global Banking and Finance Review is an online portal which provides informative and independent news for the global banking and finance industry. Global Banking and Finance Review has objective and respected editorial contributions from all major sectors, such as FOREX, Asset Management, and more. The editorial contributions are from various Central Banks, independent organizations and independent bodies. The readership comprises of senior decision makers from fortune 500 companies, large banks, financial institutions and Central Banks from 170 different countries. OctaFX has achieved tremendous success in terms of Customer Service this year. Huge resources were used to improve our Customer Service drastically. And when we talk about customer service we talk about customer trading experience first of all. Forex trading is the main service we offer and it must be flawless. During this year we have amazingly improved our trades execution making it one of the fastest among Forex brokers. We were one of the first to remove requotes, so much hated by the traders. Not a single requote was ever shown to OctaFX customers. Finally we have introduced the lowest ECN spreads, making our clients happy and satisfied. This has become true as a result of our hard work to provide the best customer service level in forex industry. We would like to thank the reviewers and jury, as well as all our clients who supported us. OctaFX has reached yet another success level and became a multi-awarded world-recognized broker. Our effort has been valued by the team of international market professionals, who picked winners from a vast number of brokers. It’s been a tough struggle. We are pleased to be the winners of such a valuable and precious award. We would like to thank the trader’s community once again for supporting us during this year and promise to offer more and more amazing services and promotions to our clients worldwide. 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!

Session Recap: EUR/USD struggles at 1.3100 FXstreet.com (Córdoba) - The euro advanced versus the dollar and the yen, supported by optimism after Italy formed government over the weekend. However, the shared currency is having a hard time trying to consolidate above 1.3100 as investors remain cautious ahead of the ECB decision on Thursday. In the macroeconomic front, eurozone data was broadly soft while US Personal income for March also disappointed. European markets are higher, with Italy leading gains. Main Headlines in Europe (in chronological order): EMU: Consumer Confidence rises to -22.3 in April Italy bond auction goes swimmingly well France will cut 34,000 ministry jobs Euro resilience keeps the cross around 1.3100 European markets up on Italian politics and expectations ahead of ECB this week Germany: Consumer Price Index (YoY) rises 1.2% in Apr; (MoM) falls 0.5% US: PCE rose 1.0% YoY in March OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 29, 2013 OctaFX.Com News Updates

Forex: USD/CHF finds support at 0.9355 FXstreet.com (San Francisco) - The US dollar is trading lower against the Swiss franc with the USD/CHF extending its decline from 0.9420 to break down the 0.9400 region and reach the 0.9355 as fresh intra-day low. But at this level, the pair has found support following the US income and spending data and the cross is trading back at 0.9370. US personal income rose 0.2% in March; spending increased the same 0.2%. Currently the USD/CHF is trading at 0.9370, 0.40% below opening price. The pair is strongly bearish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing lower while the Stochastic is neutral in the 15 minutes timeframe. Below the 0.9350, next supports are at 0.9340 and 0.9290. On the upside, resistances are at 0.9400, 0.9420 and 0.9440. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 29, 2013 OctaFX.Com News Updates

Forex: EUR/JPY surrounds 128.00 after EMU confidence report FXstreet.com (Barcelona) - With improved sentiment pushing the EUR higher, the EUR/JPY jumped to 128.32 high on the European opening and is now holding around the 128.00 mark (+0.16% on the day) after the release of the EMU confidence report. Consumer confidence improved from -23.5 to -22.3, as expected, but economic sentiment indicator (from 90.0 to 88.6), business climate (from -0.75 to -0.93), industrial confidence (from -12.3 to -13.8) and services sentiment (from -7 to -11.1) all fell and disappointed market consensus of 89.3, -0.89, -13.5, and -7.0, respectively. Portuguese consumer confidence rose from -55.3 to -54.2, and business confidence rose from -3.9 to -3.6. Italian business confidence eased from 88.6 to 87.6, below 88.9 consensus. Italian wage inflation remained unchanged at 0.0% (MoM) and 1.4% (YoY). The Greek PPI dropped from 0.8% to -1.5% in March. “The risk has increased that we will see a deeper retracement towards the 122.10 5 month uptrend. Intraday rallies should now remain capped by the 128.90/130.00 for the market to remain directly offered”, wrote Commerzbank analyst Karen Jones. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 29, 2013 OctaFX.Com News Updates

Forex: EUR/USD on wait and see mode ahead the big bank's week FXstreet.com (San Francisco) - The Euro traded mostly sideways on Friday against the Dollar. The pair was unable to break above the 1.3035 resistance and it closed the day at 1.3030. The EUR/USD seems to be trading in wait and see mode just ahead of the big banks week ahead when the Fed and the ECB will hold their monetary policy meetings. The EUR/USD closed its second negative week in row, extending declines from the 1-month high at 1.3200 reached on April 16. On the daily chart, the pair is slightly bearish according to the Fxstreet.com's trend index. Indicators such as CCI and Momentum are bearish while the Stochastic is neutral and the MACD is bullish. "The EUR/USD has spent most of the last two weeks trading in a tight range, trapped in between Fibonacci levels," FXstreet.com's analyst Valeria Bednarik comments in a recent report. "After a non lasting test of 1.3200, the pair retraced all the way back to the 23.6% retracement of its latest daily fall from 1.3710 to 1.2744, around 1.2970." The week ahead Speaking about the days to come, as BK Asset Management's analyst Kathy Lien says it’s better to "strap on your seatbelts." Next week will have a bunch of volatility as key economic data are schedule across the world. Market will be focusing mainly on the Fed and ECB meetings and the NFP report. Lien doesn't expect "much from the FOMC statement. Instead, non-farm payrolls will be the number to watch." The market consensus on NFP is about 160K new payrolls in April, well below 2012 average of 180K. In this line, Lien states that "the performance of the dollar could be mixed in the coming days depending upon how Chinese, U.K. and Australian data fare and whether the ECB cuts interest rates." The UBS analyst team states that "with the latest indicators pointing to improving conditions, consensus expects a better payrolls report." Looking the March's figures at 88K new payrolls, the April's "nonfarm payrolls should increase by 145K and private by 170K, while the unemployment rate is expected to remain unchanged at 7.60%." A reading below expectations, especially below 100K, would drive the USD lower. On the other said, a "job growth between 100K to 175K will be a relief for the Fed but probably won't inspire much optimism in the market," Says Lien. She believes that market needs to see a "job growth in excess of 200K" to fuel confidence. The big bank week With the recent economic data, it seems status quo in the United States will remain unchanged. "All talk of imminent QE downscaling can be forgotten for a while," as ING said in a report following the US Q1 GDP. But the situation in Europe is kind different with Spain (27.2%), France (11.5%), Italy (11.6%), Greece (27.2%), Portugal (16.9%) and the whole Eurozone with 12% are in a desperate situation. Forex.com analyst's Eric Viloria believes "that a cut is likely and may weigh on the common currency in the week ahead. If the bank announces targeted policy to provide support for periphery, this would likely boost the EUR." EUR heads towards the ends of April easing against most of its rivals, as over the past few weeks, market players have been listening ECB officials bluffing on the benefits of a rate cut, and pricing it in. Usually, the ECB's leaders like to prepare market for big movements, so the assumptions seem to be true. However, as Investec Research Team pointed well in a today's article, "Angela Merkel came out fighting yesterday by stating that higher interest rates are better for Germany. Whether this was a pre-emptive measure to suggest that rates will ultimately rise again or a warning shot to Mario Draghi remains to be seen," So, to cut or not to cut? "Odds are now to the downside in the pair, with a break below the 1.2970 Fibonacci level opening doors for a quick test of key 1.2880, strong static midterm support," points Bednarik. In addition, it seems that a bunch of stop orders and option barriers are below 1.2950. "Once below this last, the slide could easily extend towards 1.2740/50 area next week, but if this last gives up, then get ready for a run towards sub 1.26 level this May. " To revert actual bearish tone, "price needs to establish above the 1.3115 resistance, 38.2% of the same Fibonacci rally, with scope then for a retest of 1.3200," continues the FXstreet.com analyst. "However, only steady gains above 1.3230, will provide basis for a bullish midterm case, with 1.3510 then at sight." Finally, according to the FXstreet.com EUR/USD Banks, Brokers and Experts forecast pool, the short-term eurusd bias remains at 1.3000, as poll members forecast with low profile ahead of rate decisions. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27, 2013 OctaFX.Com News Updates