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Forex Technical & Market Analysis FXCC Oct 30 2013 Tuesday's NFP day, let's be careful out there The big event of the day is the 18 day late publication of the NFP figures. Traders need to exercise caution as the figure might come in far better than predicted, but be subject to significant revisions due to the temporary govt. shutdown. The anticipation is for a print of 182K jobs created with the unemployment rate remaining steady at 7.3%. The benchmark 10-year yield rose two basis points, or 0.02 percentage point, to 2.60 percent as of 5 p.m in New York. The price of the 2.5 percent note due in August 2023 fell 6/32, or $1.88 per $1,000 face amount, to 99 1/8. The yield declined to 2.54 percent on Oct. 18th, the lowest since July 24th, down from a 2013 high of 3 percent on Sept. 6th.Treasury 10-year notes snapped a three-day advance before the NFP government report on Tuesday. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-22 08:30 GMT | UK Public Sector Net Borrowing (Sep) 2013-10-22 12:30 GMT | US Nonfarm Payrolls (Sep) 2013-10-22 12:30 GMT | CA Retail Sales (MoM) (Aug) 2013-10-22 23:00 GMT | AU CB Leading Indicator (Aug) FOREX NEWS : 2013-10-22 05:15 GMT | Good Chinese data leads to little movement in the markets; traders await US data 2013-10-22 05:09 GMT | Oil sits below $100, gold consolidates 2013-10-22 04:35 GMT | GBP/USD grinds slowly lower ahead of NFP data 2013-10-22 04:12 GMT | NFP likely no to have two-way directionality as usual - Rabobank ------------------ EURUSD : HIGH 1.36806 LOW 1.36622 BID 1.36711 ASK 1.36713 CHANGE -0.07% TIME 08 : 43:23 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Possibility of further price progress is seen above the next resistance level at 1.3688 (R1). Breakthrough here would suggest interim target at 1.3704 (R2) and then mark at 1.3721 (R3) acts as next attractive point. Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.3651 (S1) is being able to drive market price towards to our next targets at 1.3635 (S2) and 1.3618 (S3). Resistance Levels: 1.3688, 1.3704, 1.3721 Support Levels: 1.3651, 1.3635, 1.3618 ---------------------- GBPUSD : HIGH 1.61475 LOW 1.61154 BID 1.61274 ASK 1.61277 CHANGE -0.11% TIME 08 : 43:24 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Retracement formation remains in power. Our next resistive measure lies at 1.6148 (R1), break here is required to achieve higher targets at 1.6173 (R2) and 1.6199 (R3). Downwards scenario: Our bearish expectations remain intact below the key support level at 1.6115 (S1). Price penetration below it would allow further declines towards to lower targets at 1.6090 (S2) and 1.6065 (S3). Resistance Levels: 1.6148, 1.6173, 1.6199 Support Levels: 1.6115, 1.6090, 1.6065 USDJPY HIGH 98.364 LOW 98.136 BID 98.311 ASK 98.313 CHANGE 0.14% TIME 08 : 43:25 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 98.37 (R1), break here would suggest next intraday targets at 98.50 (R2) and 98.62 (R3). Downwards scenario: On the other hand, loss of our support level at 98.15 (S1) would open road for a market decline towards to our next target at 98.03 (S2). Any further price weakening would then be limited to final support at 97.90 (S3). Resistance Levels: 98.37, 98.50, 98.62 Support Levels: 98.15, 98.03, 97.90 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 29 2013 FOMC meeting starts as speculation mounts regarding potential taper of monetary easing programme Naturally most investor eyes will be fixed on any announcements from the first day of the FOMC meeting, clues as to tapering will be hawkishly observed. Net lending to individuals in the UK should print at 2.5 billion up from 1.6 billion the previous month. Similarly mortgage approvals should rise to 65K from 62K the previous month. Retail sales in the USA are expected to print at 0.2% up, with PPI up 0.2%. Annual house prices in the USA are expected to be up 12.4% year on year. The USA Conference Board sentiment index is expected in at 75.2 a fall from 79.7 the previous month. The bank of Canada governor Poloz is due to testify, along with Senior Deputy Governor Tiff Macklem, before the House of Commons Standing Committee on Finance, in Ottawa. The DJIA closed down 0.01% on Monday, the SPX up 0.13% and the NASDAQ down 0.08%. European indices were mixed, STOXX index down 0.42%, FTSE up 0.07%, CAC down 0.48%, DAX down 0.03%. The Athens exchange once again bucked the trend by closing up 1.37%. Commodities rallied on Monday, ICE WTI oil finished the day up 0.85% at $98.68 per barrel, NYMEX natural down 0.17% at $3.56 per therm, COMEX gold closed up 0.04% on the day at $1352.70 and silver down 0.06% at $22.52 per ounce. Oil rallied amid a drop in Libyan output and bets that central banks in America and Japan will maintain monetary stimulus. Looking towards the European open STOXX equity index future is down 0.36%, FTSE up 0.24%, CAC down 0.46% and DAX down 0.03%. The DJIA equity index future is currently down 0.03%, SPX down 0.02% and the NASDAQ down 0.27%. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-29 09:30 GMT | UK Mortgage Approvals (Sep) 2013-10-29 12:30 GMT | US Retail Sales (MoM) (Sep) 2013-10-29 14:00 GMT | US Consumer Confidence (Oct) 2013-10-29 23:50 GMT | JP Industrial Production (YoY) (Sep) FOREX NEWS : 2013-10-29 03:16 GMT | GBP/USD glued to 1.6085 support 2013-10-29 02:55 GMT | USD/JPY exhausts after recovering session losses around 97.60 2013-10-29 02:03 GMT | AUD/USD emerges from 0.9515 2-week lows; consolidating above 0.9540 2013-10-29 01:21 GMT | EUR/USD pulling back gently. Is it anticipating bad data out of the US? ----------------- EURUSD HIGH 1.37937 LOW 1.37693 BID 1.37856 ASK 1.37858 CHANGE 0% TIME 08 : 40:07 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 1.3818 (R1). Clearance here would suggest next interim target at 1.3845 (R2) and then final aim locates at 1.3872 (R3). Downwards scenario: As long as price stays below the next resistance level our technical outlook would be negative. Next on tap is support level at 1.3769 (S1). Penetration below this mark would suggest next targets at 1.3741 (S2) and 1.3714 (S3). Resistance Levels: 1.3818, 1.3845, 1.3872 Support Levels: 1.3769, 1.3741, 1.3714 ---------------- GBPUSD : HIGH 1.61442 LOW 1.60643 BID 1.61024 ASK 1.61033 CHANGE -0.24% TIME 08 : 40:07 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Our next resistance level is placed at 1.6137 (R1). Break here would open route towards to higher target at 1.6161 (R2) and any further price advance would then be limited to 1.6185 (R3).Downwards scenario: On the other hand, possible downside expansion might face next hurdle at 1.6063 (S1). Break here is required to initiate bearish pressure and validate our immediate targets at 1.6040 (S2) and 1.6019 (S3) in potential. Resistance Levels: 1.6137, 1.6161, 1.6185 Support Levels: 1.6063, 1.6040, 1.6019 --------------- USDJPY : HIGH 97.717 LOW 97.462 BID 97.540 ASK 97.542 CHANGE -0.14% TIME 08 : 40:08 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Clearance of our next resistive barrier at 97.74 (R1) might push the price towards to our next visible targets at 97.87 (R2) and 98.00 (R3). Downwards scenario: Activation of bearish forces is possible below the support level at 97.44 (S1). Clearance here would suggest next interim target at 97.31 (S2) and if the price holds its momentum we would suggest final aim at 97.18 (S3). Resistance Levels: 97.74, 97.87, 98.00 Support Levels: 97.44, 97.31, 97.18 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 28 2013 China indicates the release of unprecedented economic measures when it holds its next government meeting. There are several USA high impact news events for Monday that could affect market sentiment. Pending home sales is expected to increase to 0.5% month on month from a surprise fall of -1.6% last month. Industrial production data is expected to increase to 0.5% month on month. Economists forecast no change in purchases, the worst reading in six months, after a 0.2 percent advance in August, according to a survey ahead of Commerce Department figures due Oct. 29th. Sales excluding motor vehicle dealers may have increased 0.4 percent in September, a sign other merchants had more success selling to customers. The RBA governor Stevens speaks later in the afternoon, investors in AUS and speculators in the Aussie will be looking for any clues regarding a base interest rate cut which appeared to be off the table in last week's notes from the RBA. Japan issues a raft of data on Monday; retail sales, unemployment and household spending which if poor the Nikkei could fall with a corresponding rise in yen as a safe haven. Retail sales are expected to rise, unemployment to fall to 4%, but household spending is also predicted to increase by 0.7%. https://support.fxcc.com/email/technical/28102013/ FOREX ECONOMIC CALENDAR : 2013-10-28 13:15 GMT | US Industrial Production (MoM) (Sep) 2013-10-28 14:00 GMT | US Pending Home Sales (YoY) (Sep) 2013-10-28 22:30 GMT | RBA's Governor Glenn Stevens Speech 2013-10-28 23:30 GMT | JP Unemployment Rate (Sep) FOREX NEWS : 2013-10-28 06:37 GMT | EUR/GBP opens lower ahead of German data – trading range bound short-term 2013-10-28 06:20 GMT | EUR/USD hovers around 1.3800, ahead of a batch of US data, FOMC 2013-10-28 06:06 GMT | USD/CHF trading higher to start weak; technicians skeptical with 0.8750 downside target 2013-10-28 05:04 GMT | GBP/USD consolidates around 1.6180 area, awaiting the severe storm in UK ------------------------ EURUSD : HIGH 1.38177 LOW 1.37959 BID 1.38003 ASK 1.38005 CHANGE -0.02% TIME 08 : 49:13 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD is approaching our key resistive measure at 1.3833 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.3862 (R2) and 1.3892 (R3). Downwards scenario: On the other hand, our next supportive barrier at 1.3775 (S1) prevents possible correction development. Break here is required to enable downside expansion towards to our intraday targets at 1.3745 (S2) and 1.3714 (S3). Resistance Levels: 1.3833, 1.3862, 1.3892 Support Levels: 1.3775, 1.3745, 1.3714 ------------------- GBPUSD : HIGH 1.61895 LOW 1.61615 BID 1.61796 ASK 1.61798 CHANGE 0.1% TIME 08 : 49:14 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: Possible penetration above the resistance level at 1.6205 (R1) is liable to open way towards to our initial targets at 1.6233 (R2) and 1.6261 (R3). Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the support level at 1.6150 (S1). Loss here would suggest to monitor marks at 1.6123 (S2) and 1.6097 (S3) as possible intraday targets. Resistance Levels: 1.6205, 1.6233, 1.6261 Support Levels: 1.6150, 1.6123, 1.6097 ------------------ USDJPY : HIGH 97.733 LOW 97.446 BID 97.587 ASK 97.591 CHANGE 0.2% TIME 08 : 49:15 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Further upwards penetration above the resistance at 97.74 (R1) might enable bullish forces and expose our initial targets at 97.87 (R2) and 98.00 (R3). Downwards scenario: Risk of further market decline is seen below the next support level at 97.44 (S1). Loss here is liable to downgrade currency rate towards to the next supportive means at 97.31 (S2) and 97.18 (S3) in potential. Resistance Levels: 97.74, 97.87, 98.00 Support Levels: 97.44, 97.31, 97.18 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 25 2013 Will the UK's GDP figure beat the expectation of 0.8%? A major publication, that could impact on the UK FTSE and the value of sterling, is the latest UK preliminary GDP figure, published courtesy of the UK's ONS. The expectation is that the print will come in at 0.8%, up from 0.7% in the previous quarter. The German IFO business index is predicted to come in at an improved 108.2. The EU economic summit is worth keeping aware of given the potential for a surprise policy announcement. Core durable goods orders in the USA are expected to come in at 0.6% up from the -0.1% figure last month. The dollar lost 0.2 percent to $1.3801 per euro late in New York and reached $1.3825, the weakest since November 2011. It fell 0.1 percent to 97.28 yen after touching 97.16 Wednesday, the lowest since Oct. 9th. Europe’s shared currency gained 0.1 percent to 134.26 yen after rising as much as 0.5 percent earlier and weakening 0.2 percent. The dollar slid to a two-year low versus the euro as weaker-than-forecast economic data and concern that U.S. growth was hurt by a government shutdown added to bets the Federal Reserve will delay slowing stimulus until next year. The loonie, as the Canadian dollar is known, fell by 0.4 percent to C$1.0422 per U.S. dollar in Toronto. It has dropped as much as 1.5 percent during the past two days and reaching the weakest since Sept. 9th. One loonie buys 95.95 U.S. cents. The Canadian dollar had the biggest two-day slump in four months after the central bank altered its forward guidance narrative regarding future interest-rate rises that had been in place for more than a year, as risks of a worsening economy have increased. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 24h | European Council meeting 2013-10-25 08:00 GMT | DE IFO - Current Assessment (Oct) 2013-10-25 08:30 GMT | UK Gross Domestic Product (YoY) 2013-10-25 12:30 GMT | US Durable Goods Orders (Sep) FOREX NEWS : 2013-10-25 05:03 GMT | USD/JPY collapses in tandem with Nikkei on highest Shibor since July 2013-10-25 04:15 GMT | NZD/USD falls sharply amidst a better mood in Asian markets 2013-10-25 04:14 GMT | EUR/USD keeps on testing 1.3820, break allows 1.3865 2013-10-25 03:03 GMT | AUD/USD recovers support above 0.96 ------------------ EURUSD : HIGH 1.38323 LOW 1.37851 BID 1.38189 ASK 1.38193 CHANGE 0.13% TIME 08 : 37:41 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upside risk aversion is seen above the next resistance level at 1.3846 (R1). Appreciation above it might lead to the positive intraday bias formation towards to our next targets at 1.3874 (R2) and 1.3902 (R3) in potential. Downwards scenario: Possible downside extension is limited now to the support level at 1.3785 (S1). Break here is required to open a route towards to next target at 1.3758 (S2) and then any further easing would be targeting final support at 1.3729 (S3). Resistance Levels: 1.3846, 1.3874, 1.3902 Support Levels: 1.3785, 1.3758, 1.3729 ------------------- GBPUSD : HIGH 1.62469 LOW 1.61795 BID 1.62296 ASK 1.62298 CHANGE 0.18% TIME 08 : 37:42 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Current positive bias development might face next resistive measure at 1.6257 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.6287 (R2) and 1.6318 (R3). Downwards scenario: On the other hand, if the price clear the supportive measure at 1.6178 (S1), we would suggest next target at 1.6148 (S2) and then final attractive point could be found at 1.6117 (S3) later on today. Resistance Levels: 1.6257, 1.6287, 1.6318 Support Levels: 1.6178, 1.6148, 1.6117 ---------------------- USDJPY : HIGH 97.433 LOW 96.944 BID 97.062 ASK 97.064 CHANGE -0.22% TIME 08 : 37:43 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Medium term bias remains negative and possible price appreciation is limited now to resistive barrier at 97.37 (R1). Clearance of that level would suggest next intraday targets at 97.55 (R2) and 97.73 (R3). Downwards scenario: On the downside next challenge is seen at 96.93 (S1). Breakthrough here would open road for a price depreciation towards to our initial targets at 96.75 (S2) and 96.57 (R3) in potential. Resistance Levels: 97.37, 97.55, 97.73 Support Levels: 96.93, 96.75, 96.57 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 24 2013 Flash PMIs will dictate the market mood on Thursday The DJIA closed down 0.35% on Wednesday, the recent rally, due to a temporary solution regarding the debt ceiling issue being agreed, may have now faded. The SPX closed down 0.47% and the NASDAQ down 0.57%. In Europe the STOXX index closed down 0.94%, reacting badly to the coming bank tests, the FTSE closed down 0.32%, CAC down 0.81%, DAX down 0.31%. The IBEX reacted badly to the bank test news despite crawling out of a deep recession, down 1.84% on the day. The MIB closed down 2.38%, with the Athens exchange hurting the most, down 3.82% on the day. Commodities once again endured a sell off on Wednesday, improved crude oil reserve numbers for the USA, up to 5.2 million barrels, caused WTI oil to fall by 1.22% to end at $97.10 per barrel on the day. The critical psyche level of $100 per barrel now being breached substantially with new medium term support levels being established. NYMEX natural rose by 1.06% to $3.62 per therm. COMEX gold was down 0.72% at $1333.00, with silver on COMEX down 1.01%. Equity index futures are pointing to a negative open in Europe followed by New York opening down. The DJIA equity index future is currently down 0.38%, NASDAQ down 0.42%, STOXX down 0.96%, FTSE down 0.40%, DAX down 0.35% The yen gained 0.8 percent to 134.12 per euro late in New York, after climbing as much as 1.2 percent, the biggest intraday advance since Aug. 27th. It depreciated to 135.51 Wednesday, the weakest level since November 2009. Japan’s currency strengthened 0.8 percent to 97.34 per dollar and touched 97.16, breaching its 200-day moving average at 97.28. The yen strengthened the most in eight weeks versus the euro as borrowing costs for Chinese banks jumped by the most since July affecting demand for safer assets. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-24 07:58 GMT | EMU Markit Services PMI (Oct) 2013-10-24 14:00 GMT | US New Home Sales (MoM) (Sep) 2013-10-24 16:45 GMT | UK BOE's Governor Carney speech 2013-10-24 23:30 GMT | JP National Consumer Price Index (YoY) (Sep) FOREX NEWS : 2013-10-24 05:07 GMT | EUR/USD continues to consolidate around 1.3780 area 2013-10-24 04:47 GMT | NZD/USD rejected off 0.8440 resistance, NZ Treasury report weighs 2013-10-24 04:20 GMT | USD/CHF breaks 2012 lows despite upbeat Chinese PMI 2013-10-24 03:06 GMT | GBP/JPY on EMA20 at 157.60 --------------------- EURUSD : HIGH 1.37931 LOW 1.37733 BID 1.37921 ASK 1.37924 CHANGE 0.12% TIME 08:51:48 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Possibility of further market appreciation is seen above the resistance level at 1.3794 (R1). Break here is required to validate next targets at 1.3821 (R2) and 1.3846 (R3) Downwards scenario: On the other hand, progress below the initial support level at 1.3761 (S1) might initiate bearish pressure and expose our intraday targets at 1.3735 (S2) and 1.3710 (S3) later on today. Resistance Levels: 1.3794, 1.3821, 1.3846 Support Levels: 1.3761, 1.3735, 1.3710 ----------------- GBPUSD : HIGH 1.62025 LOW 1.61623 BID 1.61914 ASK 1.61917 CHANGE 0.18% TIME 08:51:49 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Measures of resistance might be activating if the pair approaches 1.6225 (R1) price level. Break here would suggest next interim target at 1.6257 (R2) and If the price keeps its momentum we expect an exposure of 1.6287 (R3). Downwards scenario: Possible downward penetration is limited now to support level at 1.6157 (S1). If the price manages to surpass it, we would suggest next intraday targets at 1.6128 (S2) and 1.6099 (S3). Resistance Levels: 1.6225, 1.6257, 1.6287 Support Levels: 1.6157, 1.6128, 1.6099 ------------------- USDJPY : HIGH 97.617 LOW 97.175 BID 97.597 ASK 97.599 CHANGE 0.24% TIME 08:51:50 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Corrective action is possible today. Clearance of next resistance level at 97.56 (R1) would suggest next intraday targets at 97.75 (R2) and 97.96 (R3) later on today. Downwards scenario: On the other side, current price pattern suggests bearish potential if the instrument manages to overcome key support level at 97.15 (S1). Further price regress is liable to expose our initial targets at 96.96 (S2) and 96.77 (S3). Resistance Levels: 97.56, 97.75, 97.96 Support Levels: 97.15, 96.96, 96.77 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 23 2013 Markets rally as poor NFP print equals delayed monetary stimulus taper The DJIA closed up 0.49% on Tuesday with the SPX up 0.57% and the NASDAQ up 0.24%. European markets joined in the late afternoon rally; STOXX closing up 0.57%, UK FTSE up 0.62%, CAC up 0.43% and the DAX up 0.90%. The ASE closed up 0.45%. The leader on the board in Europe was the Swiss market index, closing up 1.12% on the day, the Swiss trade balance exceeding expectations helping the index rise, the balance was up to 2.49 bn. Equity index futures are currently flat or down marginally at the time of writing, the DJIA down 0.06%, SPX down 0.09% and the NASDAQ down 0.09%. European equity index futures are up; FTSE up 0.63%, CAC up 0.45% and the DAX up 0.84% Commodities experienced mixed fortunes on Tuesday, with WTI oil finally breaching the critical psyche level of $100 a barrel by some distance. ICE WTI oil was down 1.38% on the day to finish at $98.30 per barrel. NYMEX natural was up 0.34% on the day. COMEX gold was down 0.18% on the day at $1340.30 per ounce, with silver at $22.71 down 0.35% on the day. The dollar depreciated by 0.7 percent to $1.3781 per euro late in New York time, and touched $1.3792, the weakest level since November 2011. The greenback was little changed at 98.14 yen, while the Japanese currency lost 0.7 percent to 135.25 per euro and reached 135.51, the weakest since November 2009. The Swiss franc climbed as much as 0.9 percent to 89.40 centimes per dollar before trading at 89.47. The dollar slid to its weakest level in almost two years versus the euro after lower-than-forecast U.S. employment gains added to speculation the Federal Reserve will delay reducing stimulus. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-23 08:30 GMT | Bank of England Minutes 2013-10-23 14:00 GMT | BoC Interest Rate Decision (Oct 23) 2013-10-23 14:30 GMT | Bank of Canada Monetary Policy Report 2013-10-23 15:15 GMT | BoC Press Conference FOREX NEWS : 2013-10-23 05:36 GMT | USD/JPY tumbles on sharp Nikkei falls, China banks “jitters” 2013-10-23 04:48 GMT | AUD/USD retraced all of its post Australian CPI gains 2013-10-23 04:08 GMT | EUR/JPY tumbles on a corrective pullback 2013-10-23 03:42 GMT | EUR/USD rips past ‘13 peak of 1.3710 on “no tapering” hopes – continues higher Wednesday ------------------------- EURUSD : HIGH 1.37928 LOW 1.37663 BID 1.37732 ASK 1.37735 CHANGE -0.06% TIME 08 : 44:43 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD gained momentum on the upside recently and likely resume its uptrend formation. Clearance of our next resistive structure at 1.3794 (R1) would open way towards to our initial target at 1.3821 (R2) and any further market rise would then be targeting 1.3846 (R3). Downwards scenario: On the downside bearish pressure might push the price below the support at 1.3750 (S1). Further downside extension would open road towards to next target at 1.3727 (S2) and any further losses would then be limited to 1.3704 (S3) mark. Resistance Levels: 1.3794, 1.3821, 1.3846 Support Levels: 1.3750, 1.3727, 1.3704 ---------------------- GBPUSD : HIGH 1.62567 LOW 1.62101 BID 1.62164 ASK 1.62173 CHANGE -0.11% TIME 08 : 44:44 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: Possibility of ascending structure is seen above the fractal level at 1.6259 (R1). Break here is required to clear the way towards to higher targets at 1.6286 (R2) and 1.6315 (R3). Downwards scenario: On the other hand, recovery phase might commence below the important support level at 1.6194 (S1). Break here is required to validate our targets at 1.6167 (S2) and 1.6139 (S3) later on today. Resistance Levels: 1.6259, 1.6286, 1.6315 Support Levels: 1.6194, 1.6167, 1.6139 ---------------------- USDJPY : HIGH 98.195 LOW 97.264 BID 97.440 ASK 97.443 CHANGE -0.71% TIME 08 : 44:45 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: Possible upwards formation is limited to resistive measure at 97.56 (R1). A break above it would suggest next intraday target 97.73 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 97.89 (R3). Downwards scenario: Clearance of our support at 97.25 (S1) is required to determine negative intraday bias and enable lower target at 97.09 (S2) and then any further market depreciation would suggest final aim at 96.92 (S3). Resistance Levels: 97.56, 97.73, 97.89 Support Levels: 97.25, 97.09, 96.92 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 22 2013 Tuesday's NFP day, let's be careful out there The big event of the day is the 18 day late publication of the NFP figures. Traders need to exercise caution as the figure might come in far better than predicted, but be subject to significant revisions due to the temporary govt. shutdown. The anticipation is for a print of 182K jobs created with the unemployment rate remaining steady at 7.3%. The benchmark 10-year yield rose two basis points, or 0.02 percentage point, to 2.60 percent as of 5 p.m in New York. The price of the 2.5 percent note due in August 2023 fell 6/32, or $1.88 per $1,000 face amount, to 99 1/8. The yield declined to 2.54 percent on Oct. 18th, the lowest since July 24th, down from a 2013 high of 3 percent on Sept. 6th.Treasury 10-year notes snapped a three-day advance before the NFP government report on Tuesday. The yen fell 0.5 percent to 98.19 per dollar after gaining 1.1 percent during the previous two days. Japan’s currency declined 0.4 percent to 134.32 per euro and touched 134.38, the weakest level since Sept. 23rd. The dollar was little changed at $1.3681 per euro after gaining 0.3 percent earlier. The U.S. Dollar Index, which monitors the greenback versus a basket of 10 other major currencies, rose 0.2 percent to 1,004.55 late in New York. The gauge fell to 1,000.70 on Oct. 18th, the lowest intraday level since Feb. 13th, extending a weekly loss to 1 percent, the most in a month. The price of crude oil fell below $100 a barrel Monday after the U.S. government reported an increase in supplies. Metals prices were broadly higher and crop prices were mixed. Crude oil for November delivery fell $1.59, or 1.6 percent, to $99.22 a barrel in New York. That's the first close below $100 a barrel since July. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-22 08:30 GMT | UK Public Sector Net Borrowing (Sep) 2013-10-22 12:30 GMT | US Nonfarm Payrolls (Sep) 2013-10-22 12:30 GMT | CA Retail Sales (MoM) (Aug) 2013-10-22 23:00 GMT | AU CB Leading Indicator (Aug) FOREX NEWS : 2013-10-22 05:15 GMT | Good Chinese data leads to little movement in the markets; traders await US data 2013-10-22 05:09 GMT | Oil sits below $100, gold consolidates 2013-10-22 04:35 GMT | GBP/USD grinds slowly lower ahead of NFP data 2013-10-22 04:12 GMT | NFP likely no to have two-way directionality as usual - Rabobank --------------------- EURUSD : HIGH 1.36806 LOW 1.36622 BID 1.36711 ASK 1.36713 CHANGE -0.07% TIME 08 : 43:23 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Possibility of further price progress is seen above the next resistance level at 1.3688 (R1). Breakthrough here would suggest interim target at 1.3704 (R2) and then mark at 1.3721 (R3) acts as next attractive point. Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.3651 (S1) is being able to drive market price towards to our next targets at 1.3635 (S2) and 1.3618 (S3). Resistance Levels: 1.3688, 1.3704, 1.3721 Support Levels: 1.3651, 1.3635, 1.3618 ------------------- GBPUSD HIGH 1.61475 LOW 1.61154 BID 1.61274 ASK 1.61277 CHANGE -0.11% TIME 08 : 43:24 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Retracement formation remains in power. Our next resistive measure lies at 1.6148 (R1), break here is required to achieve higher targets at 1.6173 (R2) and 1.6199 (R3). Downwards scenario: Our bearish expectations remain intact below the key support level at 1.6115 (S1). Price penetration below it would allow further declines towards to lower targets at 1.6090 (S2) and 1.6065 (S3). Resistance Levels: 1.6148, 1.6173, 1.6199 Support Levels: 1.6115, 1.6090, 1.6065 -------------------- USDJPY : HIGH 98.364 LOW 98.136 BID 98.311 ASK 98.313 CHANGE 0.14% TIME 08 : 43:25 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 98.37 (R1), break here would suggest next intraday targets at 98.50 (R2) and 98.62 (R3). Downwards scenario: On the other hand, loss of our support level at 98.15 (S1) would open road for a market decline towards to our next target at 98.03 (S2). Any further price weakening would then be limited to final support at 97.90 (S3). Resistance Levels: 98.37, 98.50, 98.62 Support Levels: 98.15, 98.03, 97.90 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 21 2013 China’s central government has called for “unrelenting” implementation of its economic policies and reform measures Monday sees the publication of Germany's PPI figure and the monthly report from Germany's Bundesbank. Inflation is expected to come in at 0.1% month on month. In the USA another member of the Fed will hold court with the focus moving from the debt ceiling issue to the other issues affecting the USA economy, such as the throttling of monetary easing by way of tapering. Existing home sales in the USA are expected to come in at 5.31 million from the previous month's 5.48 million. Canada's wholesale sales are anticipated to print at 0.6%. USA crude oil inventory figures are suggested to fall to 3.4 million barrels from 6.8 million barrels the previous month. More arrivals from China contributed to a 7 percent increase in visitors to New Zealand in September 2013, compared with September 2012, Statistics New Zealand said today. "The 21,200 visitors from China was well up from 14,000 last September," population statistics manager Andrea Blackburn said. "This continues the strong growth in visitor numbers which we have seen from the world's most populous country in recent years." In the September 2013 year, visitor arrivals rose 3 percent to reach 2.670 million. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : N/A | US CB Leading Indicator (MoM) (Sep) 2013-10-21 06:00 GMT | DE Producer Price Index (YoY) (Sep) 2013-10-21 14:00 GMT | US Existing Home Sales (MoM) (Sep) 2013-10-21 14:30 GMT | US EIA Crude Oil Stocks change (Oct 11) FOREX NEWS : 2013-10-21 05:40 GMT | AUD/USD upwards ‘flirting’ with the 200-daily SMA at 0.9755 2013-10-21 05:04 GMT | USD/CHF moves on the upper level on greenback strengthening 2013-10-21 04:23 GMT | USD/JPY looking to test 200-day MA 97.15 - BBH 2013-10-21 03:33 GMT | EUR/USD opens week in the red as part of consolidation; upside eventually 1.3750? ---------------------- EURUSD : HIGH 1.36879 LOW 1.36706 BID 1.36776 ASK 1.36779 CHANGE -0.06% TIME 08 : 53:03 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD clearly determined positive bias on the medium-term perspective. Penetration above the resistive measure at 1.3704 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.3721(R2) and 1.3739 (R3). Downwards scenario: Our next supportive measure locates at 1.3658 (S1). Break here is required to enable correction action towards to next target at 1.3641 (S2). Final support for today locates at 1.3622 (S3). Resistance Levels: 1.3704, 1.3721, 1.3739 Support Levels: 1.3658, 1.3641, 1.3622 ---------------- GBPUSD : HIGH 1.61774 LOW 1.61522 BID 1.61706 ASK 1.61711 CHANGE 0.04% TIME 08 : 53:04 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: On the upside fractal level at 1.6225 (R1) prevents further gains. Successful clearance here would suggest next intraday targets at 1.6248 (R2) and 1.6269 (R3). Downwards scenario: On the other hand, current range pattern on the hourly chart suggest possible retest of our supportive measure at 1.6148 (S1). Break here is required to open way towards to initial targets at 1.6125 (S2) and 1.6102 (S3). Resistance Levels: 1.6225, 1.6248, 1.6269 Support Levels: 1.6148, 1.6125, 1.6102 ----------------------------- USDJPY : HIGH 98.103 LOW 97.771 BID 98.021 ASK 98.024 CHANGE 0.29% TIME 08 : 53:05 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low Upwards scenario: Resistance at 98.16 (R1) limits possible upwards penetration. Break here is required to enable next interim target at 98.31 (R2) en route towards to final aim for today at 98.46 (R3). Downwards scenario: On the other hand, successful retest of our support level at 97.74 (S1) would clear the way for a downtrend expansion towards to our lower targets at 97.59 (S2) and 97.43 (S3) in potential Resistance Levels: 98.16, 98.31, 98.46 Support Levels: 97.74, 97.59, 97.43 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 17 2013 Debt ceiling temporary solution provides temporary market relief The debt ceiling resolution saw the DJIA rise by 1.36% on Wednesday. The compromise will fund the government through to mid-January and raise the debt ceiling through Feb. 7th. It also will set up a budget conference on long-term fiscal issues that would end no later than Dec. 13th. The Treasury Department will still be able to use "extraordinary measures" to work around the debt ceiling in the case that it is not raised by Feb. 7th. The first estimate for the euro area1 (EA17) trade in goods balance with the rest of the world in August 2013 gave a 7.1 billion euro surplus, compared with +4.6 bn in August 2012. The July 20132 balance was +18.0 bn, compared with +13.8 bn in July 2012. In August 2013 compared with July 2013, seasonally adjusted exports rose by 1.0% and imports by 0.2%. Euro area annual inflation was 1.1% in September 2013, down from 1.3% in August. A year earlier the rate was 2.6%. Monthly inflation was 0.5% in September 2013. European Union annual inflation was 1.3% in September 2013, down from 1.5% in August. A year earlier the rate was 2.7%. Monthly inflation was 0.4% in September 2013. The DJIA index closed up 1.36% on Wednesday, the SPX up 1.38% and NASDAQ up 1.20%. The debt ceiling compromise came too late to impact on European markets, STOXX index closed up 0.36%, FTSE up 0.34%, CAC closed down 0.29% and the DAX up 0.47%. The MIB closed up the most by 1.45% on the day. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-17 09:00 GMT | Germany. 10-y Bond Auction 2013-10-17 12:30 GMT | USA. Initial Jobless Claims (Oct 11) 2013-10-17 14:00 GMT | USA. Philadelphia Fed Manufacturing Survey (Oct) 2013-10-17 23:50 GMT | Japan. Foreign bond investment (Oct 11) FOREX NEWS : 2013-10-17 05:12 GMT | AUD/USD downwards despite a breach of the debt ceiling averted 2013-10-17 04:25 GMT | USD/CHF downwards despite greenback relief rally on debt progress 2013-10-17 02:32 GMT | EUR/USD jumps to 1.3550 highs; targets revisit; House says yes 2013-10-17 02:21 GMT | US House passes bill to end shutdown, raise debt ceiling ------------------------- EURUSD : HIGH 1.35521 LOW 1.35157 BID 1.35468 ASK 1.35473 CHANGE 0.11% TIME 08:21:46 OUTLOOK SUMMARY : Up TREND CONDITION : Down trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: Short- term tendency is bearish even though both moving averages are pointing up. Though risk of market strengthening is seen above the resistance level at 1.3555 (R1). Clearance here would open way towards to next targets at 1.3571 (R2) and 1.3588 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.3517 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.3498 (S2) and 1.3479 (S3). Resistance Levels: 1.3555, 1.3571, 1.3588 Support Levels: 1.3517, 1.3498, 1.3479 ------------------- GBPUSD : HIGH 1.59861 LOW 1.59397 BID 1.59775 ASK 1.59785 CHANGE 0.19% TIME 08:21:47 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: GBP/USD determined clear sideways tone on the medium-term timeframe. Possibility of market appreciation is seen above the resistance level at 1.5999 (R1). Break here is required to validate next targets at 1.6019 (R2) and 1.6042 (R3). Downwards scenario: On the other hand, price pattern suggests bearish potential if the instrument manages to overcome next support level at 1.5938 (S1). Possible price regress could expose our initial targets at 1.5914 (S2) and 1.5892 (S3) in potential. Resistance Levels: 1.5999, 1.6019, 1.6042 Support Levels: 1.5938, 1.5914, 1.5892 ------------------- USDJPY : HIGH 99.006 LOW 98.397 BID 98.444 ASK 98.447 CHANGE -0.31% TIME 08:21:47 OUTLOOK SUMMARY : Down TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: Instrument consolidates from its initial uptrend formation on the hourly chart. Resistance level at 98.82 (R1) is a key technical point on the upside. Penetration above it would suggest higher targets at 99.01 (R2) and 99.20 (R3) later on today. Downwards scenario: Prolonged movement below the initial support level at 92.28 (S1) might trigger protective orders and drive the price towards to our intraday targets at 98.10 (S2) and 97.89 (S3) later on today. Resistance Levels: 98.82, 99.01, 99.20 Support Levels: 98.28, 98.10, 97.89 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 15 2013 Central Banks begin to plan for a USA default as the deadline nears Global central banks are beginning to create contingency plans as to how they'd keep financial markets moving if the U.S. defaults. Jon Cunliffe, the Bank of England deputy governor said in testimony to U.K. Politicians on Monday; "Because in the past it’s always been sorted out is absolutely not a reason to fail to do the contingency planning. I would expect the Bank of England to be planning for it. I’d expect private-sector actors to be doing that, and in other countries as well.” Due to the Columbus Day bank holiday in the USA and Canada the main equity markets were closed and the FX markets experienced less transaction turnover on Monday. European markets mostly experienced a positive day. The STOXX index closed up 0.11%, the UK FTSE up 0.32%, the CAC closed up 0.07%, and the DAX closed down by 0.01%. The Portuguese index closed up the most in the European markets by 0.98%. Equity index futures (at the time of writing) appear to suggest that the USA main indices will tentatively open in positive territory on Tuesday; the DJIA equity index future is up 0.07%, SPX up 0.11% and the NASDAQ equity index future is up 0.15%. Commodities were mainly positive, ICE WTI oil closed the day up 0.22% at $102.24 per barrel, NYMEX natural closed up 1.17% at $3.82 per therm, COMEX gold closed the day up 0.28% at $1271.80 per ounce. Silver on COMEX was flat at the day's end at $21.27 per ounce. The dollar was little changed at 98.53 yen late in New York after weakening earlier as much as 0.5 percent to 98.08 yen. It rose 1.9 percent over the previous four days. The dollar fell 0.2 percent to $1.3565 per euro. Japan’s currency declined 0.1 percent to 133.65 per euro after weakening to 133.60 on Oct. 11th, the least since Sept. 26th. The U.S. Dollar Index, tracking the currency’s performance versus a basket of 10 leading counterparts, slid up to 0.23 percent, the biggest intraday drop since Oct. 2nd, to 1,010.07 before trading at 1,011.21, down 0.12 percent. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-15 24 hours | EU. EcoFin Meeting 2013-10-15 09:00 GMT | EU. ZEW Survey - Economic Sentiment (Oct) 2013-10-15 21:45 GMT | New Zealand. Consumer Price Index (QoQ) (Q3) 2013-10-15 23:30 GMT | New Zealand. Westpac Leading Index (MoM) (Aug) FOREX NEWS : 2013-10-15 04:31 GMT | GBP/USD heading north but also capped by 1.6000 2013-10-15 03:46 GMT | EUR/GBP modestly lower ahead of heavy data flow Tuesday 2013-10-15 01:01 GMT | EUR/USD falls to 1.3550 bottoms 2013-10-15 00:36 GMT | AUD/USD reaches 0.9523 peaks on neutral RBA minutes ---------------- EURUSD : HIGH 1.35709 LOW 1.355 BID 1.35693 ASK 1.35697 CHANGE 0.07% TIME 08 : 17:32 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: On the upside potential is seen for a break above the resistance at 1.3599 (R1). In such case we would suggest next target at 1.3616 (R2) and any further rise would then be limited to final resistance at 1.3631 (R3). Downwards scenario: Possible pull back development is limited now to the key supportive barrier at 1.3551 (S1). Only loss here would be considered as a beginning of a retracement expansion. Our intraday targets locates at 1.3536 (S2) and 1.3517 (S3). Resistance Levels: 1.3599, 1.3616, 1.3631 Support Levels: 1.3551, 1.3536, 1.3517 ------------------ GBPUSD : HIGH 1.59983 LOW 1.59521 BID 1.59943 ASK 1.59951 CHANGE 0.08% TIME 08 : 17:36 OUTLOOK SUMMARY : Up TREND CONDITION : Down trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Next resistance level is seen at 1.6019 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.6042 (R2) and 1.6061 (R3) in potential. Downwards scenario: We do expect some pull-backs development on the downside below the support level at 1.5964 (S1). Short-term momentum on the negative side might open the way towards to immediate supports at 1.5938 (S2) and 1.5914 (S3). Resistance Levels: 1.6019, 1.6042, 1.6061 Support Levels: 1.5964, 1.5938, 1.5914 ----------------------- USDJPY : HIGH 98.703 LOW 98.415 BID 98.442 ASK 98.447 CHANGE -0.14% TIME 08 : 17:40 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: Medium term bias remains positive however further market rise is limited now to the key resistive barrier at 98.69 (R1), clearance here is required to enable next resistances at 98.86 (R2) and last one at 99.03 (R3). Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the next support level at 98.10 (S1). Loss here would suggest to monitor marks at 97.89 (S2) and 97.69 (S3) as possible intraday targets. Resistance Levels: 98.69, 98.86, 99.03 Support Levels: 98.10, 97.89, 97.69 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 14 2013 World Bank head Jim Yong Kim warns US is ‘five days away from a very dangerous moment Jim Yong Kim has warned the United States they're just 'days away' from causing a global economic disaster unless politicians come up with a plan to raise the nation's debt limit and avoid default. 'We're now five days away from a very dangerous moment. I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline. Inaction could result in interest rates rising, confidence falling and growth slowing. If this comes to pass, it could be a disastrous event for the developing world, and that will in turn greatly hurt developed economies as well." Meanwhile the Chinese have lost very little time in making their opinion known, one of the official news outlets, Xinhua, has begun to call for a new global reserve currency to be created given the instability of the dollar; "US fiscal failure warrants a de-Americanized world and the creation of a new reserve currency to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States." The U.S. shouldn’t risk defaulting on its debt because doing so would wreak havoc in the world’s economy and financial markets, said the heads of JPMorgan, Deutsche Bank AG and Pacific Investment Management Co. JPMorgan Chief Executive Officer Jamie Dimon said yesterday during a panel discussion at a financial industry conference in Washington; “The United States cannot default and, in my opinion, will not default. It would ripple through the global economy in a way you couldn’t possibly understand.” http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-14 24 hours | Eurogroup meeting 2013-10-14 24 hours | US. Columbus Day 2013-10-14 09:00 GMT | EU. Industrial Production s.a. (MoM) (Aug) 2013-10-14 12:00 GMT | Poland. M3 Money Supply (YoY) (Sep) FOREX NEWS : 2013-10-14 05:08 GMT | AUD/USD gains again uptrend momentum after solid China CPI release 2013-10-14 05:07 GMT | GBP/USD trading modestly higher on concerns over US politics 2013-10-14 04:20 GMT | USD/JPY under pressure on concerns about US debt ceiling 2013-10-14 04:20 GMT | GBP/JPY consolidating recent gains; technicians say a bit more upside likely ----------------------- EURUSD : HIGH 1.35668 LOW 1.35509 BID 1.35665 ASK 1.35668 CHANGE 0.18% TIME 08:25:37 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: We are not expecting significant volatility increase today however upside risk aversion is seen above the next resistance level at 1.3581 (R1). Price evaluation above this level would suggest next targets at 1.3599 (R2) and 1.3616 (R3). Downwards scenario: If the price manages to overcome our next support barrier at 1.3551 (S1), we expect to see further market decline towards to our next target at 1.3536 (S2) and then next stop could be found at 1.3517 (S3) mark. Resistance Levels: 1.3581, 1.3599, 1.3616 Support Levels: 1.3551, 1.3536, 1.3517 ---------------------- GBPUSD : HIGH 1.59888 LOW 1.59633 BID 1.59859 ASK 1.59867 CHANGE 0.23% TIME 08:25:43 OUTLOOK SUMMARY : Up TREND CONDITION : Down trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: On the upside market might get more incentives above the immediate resistive barrier at 1.6003 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.6035 (R2) and 1.6061 (R3). Downwards scenario: Penetration below the support at 1.5964 (S1) is liable to put more downward pressure on the instrument in the near-term perspective. As a result our supportive means at 1.5928 (S2) and 1.5893 (S3) might be triggered. Resistance Levels: 1.6003, 1.6035, 1.6061 Support Levels: 1.5964, 1.5928, 1.5893 ------------------ USDJPY : HIGH 98.351 LOW 98.119 BID 98.258 ASK 98.262 CHANGE -0.31% TIME 08:25:51 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: Any upside actions looks limited to resistance level at 98.60 (R1). Surpassing of this level might enable next target at 98.81 (R2) and any further gains would then be targeting final mark at 99.03 (R3) in potential. Downwards scenario: Next support level is seen at 98.10 (S1), any penetration below it might activate downside pressure and enable lower target at 97.89 (S2). Any further market decline would then be limited to 97.62 (S3). Resistance Levels: 98.60, 98.81, 99.03 Support Levels: 98.10, 97.89, 97.62 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 10 2013 Yellen's hard task highlighted by the minutes from the FOMC Janet Yellen's difficult task was highlighted by the FOMC minutes published on Wednesday. Policy makers at the US Federal Reserve were split over the benefits of slowing down (tapering) its $85bn a month asset purchases in September, highlighting the difficult task facing her as she prepares to take chairmanship of the central bank. Barack Obama stepped up his discussions with Congress as USA political leaders look for a solution to the budget crisis that could leave the country without money to pay its bills before the end of the month. The president will meet senior Republicans from the House of Representatives at the White House on Thursday, after talks with members of his Democratic party on Wednesday evening. US default swaps trade has soared on debt fears. Growing investor fears that Washington could miss a payment on its debt has led to a surge in activity in the market for derivatives that insure against a US default. Commodities were hit hard in Wednesday's trading sessions; ICE WTI oil closing down 2.05% at $101.37 per barrel, NYMEX natural down 1.00% at $3.68 per therm. COMEX gold closed the day down 1.31%, silver down 2.46% at $21.89 per ounce. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-10 08:00 GMT | ECB Monthly Report 2013-10-10 11:00 GMT | BoE Interest Rate Decision 2013-10-10 11:45 GMT | Bank of Japan Governor Kuroda Speech 2013-10-10 16:00 GMT | Bank of Japan Governor Kuroda Speech FOREX NEWS : 2013-10-10 05:43 GMT | USD/CHF on a strong rally higher 2013-10-10 04:32 GMT | USD/JPY soars on Nikkei, solid data and short-covering 2013-10-10 04:30 GMT | EUR/USD working on a re-test of yesterday’s low at 1.3488 2013-10-10 03:17 GMT | GBP/USD struggling to set a solid short-term low; anywhere in 1.5841 – 1.5908 will do EURUSD : HIGH 1.35275 LOW 1.34876 BID 1.35034 ASK 1.35037 CHANGE -0.13% TIME 08 : 52:42 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: We see potential to test our resistive barrier at 1.3516 (R1) later on today. Successful penetration above this mark might keep bullish sentiment in play and validate our intraday targets at 1.3531 (R2) and 1.3546 (R3). Downwards scenario: On the other hand, instrument might enable bearish pressure below the support level at 1.3485 (S1) and prolong initial downtrend development. Next targets on the way locates at 1.3471 (S2) and 1.3457 (S3). Resistance Levels: 1.3516, 1.3531, 1.3546 Support Levels: 1.3485, 1.3471, 1.3457 ------------------ GBPUSD : HIGH 1.59654 LOW 1.59142 BID 1.59405 ASK 1.59413 CHANGE -0.09% TIME 08 : 52:43 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: Fractal level offers a key resistive barrier at 1.5968 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.6006 (R2) and 1.6039 (R3) in potential. Downwards scenario: Fresh low offers a key supportive measure at 1.5914 (S1) on a downside. A violation here is liable to commence correction pattern on the bigger picture and expose our initial targets at 1.5878 (S2) and 1.5845 (S3). Resistance Levels: 1.5968, 1.6006, 1.6039 Support Levels: 1.5914, 1.5878, 1.5845 -------------- USDJPY : HIGH 97.823 LOW 97.338 BID 97.727 ASK 97.731 CHANGE 0.39% TIME 08 : 52:44 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: While price is quoted above the 20 SMA, our technical outlook would be positive. Clearance of our next resistance level at 97.87 (R1) would suggest next intraday targets at 98.01 (R2) and 98.14 (S3) in perspective. Downwards scenario: On the other hand, depreciation below the support level at 97.65 (S1) would suggest next intraday target at 97.51 (S2) and any further weakening would then be limited to final support level at 97.37 (S3). Resistance Levels: 97.87, 98.01, 98.14 Support Levels: 97.65, 97.51, 97.37 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 09 2013 IMF lowers global growth targets as USA debt ceiling impasse drags on The IMF now expects the global economy to expand by 2.9% in 2013 and 3.6% in 2014, down by 0.3 and 0.2 points respectively on its last predictions, made in July, despite signs of recovery in the euro area. Obama's late statement on Tuesday evening spooked the USA indices, at the start of his speech the DJIA was hovering around a 0.7% loss on the day, by the time he'd finished and the markets had closed the DJIA was down 1.07%, the SPX closed down 1.23% and the NASDAQ down a precise 2.00% on the day. Equity index futures are, at the time of writing, pointing to another negative day on both the European and USA markets. The DJIA equity index future is down 0.92%, SPX down 1.06%, NASDAQ down 1.69%. UK FTSE equity index future is down 0.91%, CAC down 0.73% and the DAX equity index future is down 0.24% The dollar increased 0.2 percent to 96.88 yen late in New York on Tuesday after gaining as much as 0.6 percent earlier in the day. The greenback was little changed at $1.3573 per euro after rising 0.2 percent earlier. The 17-nation shared common currency appreciated by 0.1 percent to 131.49 yen. The dollar rose versus 13 of its 16 most-traded peers as the U.S. political stalemate persisted and President Barack Obama warned the nation faces a “very deep recession” if Congress doesn’t raise the debt limit, fueling safe haven demand for the dollar. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-09 08:30 GMT | UK Industrial Production (YoY) (Aug) 2013-10-09 14:00 GMT | UK NIESR GDP Estimate (3M) (Sep) 2013-10-09 18:00 GMT | US FOMC Minutes 2013-10-09 22:00 GMT | ECB President Draghi's Speech FOREX NEWS : 2013-10-09 03:36 GMT | GBP/USD rally fizzles early Tuesday likely on “fade the news” reaction to Yellen news 2013-10-09 03:22 GMT | EUR/USD violates support printing 1.3562 session lows 2013-10-09 02:53 GMT | AUD/USD tumbling after poor Aussie data 2013-10-09 02:26 GMT | USD/JPY spikes to 97.36 peaks on +43 pips gains ---------------------- EURUSD HIGH 1.36046 LOW 1.35617 BID 1.35630 ASK 1.35633 CHANGE -0.08% TIME 08 : 42:32 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD tested negative territory today though appreciation above the resistive structure at 1.3584 (R1) might shift short-term tendency to the bullish side and validate our intraday targets at 1.3596 (R2) and 1.3607 (R3). Downwards scenario: Market decline below the support level at 1.3557 (S1) might shift market sentiment to the bearish side. In such scenario we expect next targets to be exposed today at 1.3546 (S2) and 1.3535 (S3). Resistance Levels: 1.3584, 1.3596, 1.3607 Support Levels: 1.3557, 1.3546, 1.3535 ------------------------ GBPUSD HIGH 1.61219 LOW 1.60612 BID 1.60664 ASK 1.60672 CHANGE -0.1% TIME 08 : 42:33 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: From the technical side, medium - term tendency is bearish, however new step of recovery phase is possible above the resistance level at 1.6086 (R1). Loss here would open way towards to next targets at 1.6106 (R2) and 1.6127 (R3). Downwards scenario: Our next support level is placed at 1.6058 (S1). Possible penetration below it might initiate bearish pressure and gradually push the price towards to our intraday targets at 1.6039 (S2) and 1.6019 (S3). Resistance Levels: 1.6086, 1.6106, 1.6127 Support Levels: 1.6058, 1.6039, 1.6019 -------------------- USDJPY : HIGH 97.446 LOW 96.825 BID 97.404 ASK 97.408 CHANGE 0.56% TIME 08 : 42:34 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: USDJPY trapped to the correction phase on the hourly chart frame. Break of resistive level at 97.48 (R1) is required to enable upwards action. Next visible targets are seen at 97.67 (R2) and 97.85 (R3). Downwards scenario: Though, we still keep the bearish scenario in focus. Risk of market decline is seen below the support level at 97.18 (S1). Loss here would enable initial targets at 97.00 (S2) and 96.80 (S3). Resistance Levels: 97.48, 97.67, 97.85 Support Levels: 97.18, 97.00, 96.80 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 07 2013 Chinese government officials fire off warning to USA treasury The DJIA closed down 0.90% having experienced a late sell off towards the close of the afternoon session on Monday. As the day unwound any optimism for a solution faded, as did the secular rally enjoyed mid afternoon in the New York session. The SPX followed suit, closing down 0.85% and the NASDAQ closed down 0.98%. In the Chinese government's first public comments on the deadlock, Zhu urged Washington politicians to "learn their lessons from history". A reminder that the US AAA credit rating was downgraded by S&P two years ago after the last debt ceiling standoff. Zhu said; "The United States is totally clear about China's concerns about the fiscal cliff. We ask that the United States earnestly takes steps to resolve in a timely way before October 17 the political [issues] around the debt ceiling and prevent a U.S. debt default to ensure safety of Chinese investments in the United States and the global economic recovery. This is the United States' responsibility." http://blog.fxcc.com/market-analysis http://blog.fxcc.com/market-analysis 2013-10-08 12:15 GMT | Canada. Housing Starts s.a (YoY) (Sep) 2013-10-08 16:00 GMT | Switzerland. SNB Chairman Jordan Speech 2013-10-08 23:30 GMT | Australia. Westpac Consumer Confidence (Oct) 2013-10-08 23:50 GMT | Japan. BoJ Monetary Policy Meeting Minutes FOREX NEWS : 2013-10-08 05:00 GMT | USD/JPY pares earlier losses and strikes back above 97.00 2013-10-08 04:06 GMT | GBP/USD slightly downwards but consolidating yesterday’s gains 2013-10-08 03:28 GMT | USD/CHF pockets gains printing 0.9044 session highs 2013-10-08 01:56 GMT | EUR/USD glued to 1.3568 support ------------------------- EURUSD : HIGH 1.35816 LOW 1.35574 BID 1.35616 ASK 1.35618 CHANGE -0.14% TIME 08 : 13:56 OUTLOOK SUMMARY : TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Our technical outlook for the medium-term perspective remains bullish oriented. Clearance of next resistance level at 1.3583 (R1) would enable bullish pressure and open route towards to our next targets at 1.3607 (R2) and 1.3630 (R3). Downwards scenario: Medium-term bias is clearly positive however possible progress below the initial support level at 1.3560 (S1) might expose our intraday targets at 1.3542 (S2) and then 1.3517 (S3) in perspective. Resistance Levels: 1.3583, 1.3607, 1.3630 Support Levels: 1.3560, 1.3542, 1.3517 ---------------- GBPUSD : HIGH 1.60988 LOW 1.60695 BID 1.60699 ASK 1.60703 CHANGE -0.16% TIME 08 : 13:57 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Possible upwards formation is limited now to resistive measure at 1.6099 (R1). A break above it would suggest next intraday target at 1.6122 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 1.6150 (R3). Downwards scenario: If the price manages to overcome our next support barrier at 1.6061 (S1), we expect to see further market decline towards to our next target at 1.6035 (S2) and then next stop could be found at 1.6008 (S3) mark. Resistance Levels: 1.6099, 1.6122, 1.6150 Support Levels: 1.6061, 1.6035, 1.6008 ------------------- USDJPY : HIGH 97.134 LOW 96.566 BID 97.056 ASK 97.059 CHANGE 0.36% TIME 08 : 13:58 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Immediate resistance at 97.29 (R1) remains in near-term focus, climb above this level might open way for a stronger move towards to next interim target at 97.58 (R2) and any further rise would then be limited to final resistive measure at 97.87 (R3). Downwards scenario: On the other hand, our next support level aligns at 96.79 (S1) and possible price regress below it might encounter downside rally. In such scenario we would suggest next intraday targets to be placed at 96.43 (S2) and 96.05 (S3). Resistance Levels: 97.29, 97.58, 97.87 Support Levels: 96.79, 96.43, 96.05 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 07 2013 Yen rises versus major peers early in the Asian session There were no significant breaks or gaps to the upside or downside as the FX markets opened on Sunday evening. Yen made a modest rise versus the majority of its peers, but at the time of writing had failed to penetrate the significant resistance or support levels. The dollar fell for a fifth week last week, the longest stretch the greenback has experienced such a fall since April 2011, due to Congress failing to agree on a route forward to raise the $16.7 trillion U.S. debt limit, encouraging investors to seek other safe haven assets. The U.S. Dollar Index, tracking the greenback versus its 10 major peer currencies, declined by 0.3 percent last week, (the most in two weeks), to 1,009.98 in New York at the close on Friday. The dollar fell 0.8 percent to 97.48 yen, the third weekly drop. It touched 96.93, the lowest since Aug. 28th. The U.S. currency weakened by 0.3 percent to $1.3558 per euro. The yen strengthened 0.5 percent to 132.14 per euro. Sterling fell by the most last week in the dollar’s 16 most-traded peers, after reaching a nine-month high, the sell off was due to speculation that the U.K. economic recovery isn’t strong enough to warrant the early interest-rate increase the BoE governor Mark Carney had mentioned in earlier press conferences. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-07 08:30 GMT | EMU Sentix Investor Confidence (Oct) 2013-10-07 12:30 GMT | CA Building Permits (MoM) (Aug) 2013-10-07 19:00 GMT | US Consumer Credit Change (Aug) 2013-10-07 23:50 GMT | Trade Balance - BOP Basis (Aug) FOREX NEWS : 2013-10-07 05:18 GMT | Asian bourses fall sharply due to US political “jitters” 2013-10-07 04:49 GMT | AUD/USD trading in the upper level ignoring US political “woes” 2013-10-07 03:49 GMT | USD a tad weaker as US shutdown set to extend 2013-10-07 02:37 GMT | EURUSD - Uptrend intact but latest pullbacks raises some concerns - 2ndSkies ---------------- EURUSD : HIGH 1.35742 LOW 1.35609 BID 1.35680 ASK 1.35685 CHANGE 0.09% TIME 08 : 45:02 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Next barrier on the upside lies at 1.3579 (R1). Surpassing of this level might enable our initial target at 1.3594 (R2) and any further gains would then be limited to last resistive structure at 1.3609 (R3). Downwards scenario: Positive clearance of our key support level at 1.3538 (S1) would enable next target at 1.3523 (S2) en route to our final support for today at 1.3508 (S3). Resistance Levels: 1.3579, 1.3594, 1.3609 Support Levels: 1.3538, 1.3523, 1.3508 ---------------------- GBPUSD : HIGH 1.60483 LOW 1.60153 BID 1.60325 ASK 1.60329 CHANGE 0.17% TIME 08 : 45:03 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Our next resistance level is placed at 1.6050 (R1). Break here would open route towards to higher target at 1.6068 (R2) and any further price advance would then be limited to 1.6086 (R3). Downwards scenario: Failure to establish corrective structure might lead to further downtrend evolvement later on today. Penetration below the support at 1.6005 (S1) would suggest next intraday targets at 1.5987 (S2) and 1.5970 (S3) in perspective. Resistance Levels: 1.6050, 1.6068, 1.6086 Support Levels: 1.6005, 1.5987, 1.5970 -------------------- USDJPY : HIGH 97.338 LOW 97.021 BID 97.144 ASK 97.148 CHANGE -0.34% TIME 08 : 45:04 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Price is consolidating on the hourly timeframe however we see potential to overcome our next resistance level at 97.50 (R1) later on today. Our initial targets locates at 97.73 (R2) and 97.96 (R3). Downwards scenario: On the other hand, prolonged movement below the supportive measure at 96.92 (S1) is required to activate new phase of downtrend expansion. We would suggest next aim at 96.68 (S2) and then final target could be met at 96.45 (S3). Resistance Levels: 97.50, 97.73, 97.96 Support Levels: 96.92, 96.68, 96.45 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 04 2013 US interest rates could skyrocket Due to the govt. shutdown there will be no NFP number printed by the BLS on Friday. Two FOMC members hold court in the afternoon session, once again, despite the turmoil in govt. due to the shutdown, investors will be looking for clues with regards to potential tapering of the Fed's $85 billion per month asset purchase scheme. The US Treasury warned on Thursday that the budget impasse between the Republicans and Democrats in Washington risked plunging the world's biggest economy into its worst slump since the Great Depression; "A default would be unprecedented and has the potential to be catastrophic. Credit markets could freeze, the value of the dollar could plummet, US interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse." http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2011-08-10 06:00 GMT | DE Producer Price Index (MoM) (Aug) 2011-08-10 09:00 GMT | EMU Producer Price Index (YoY) (Aug) 2011-08-10 14:00 GMT | CA Ivey Purchasing Managers Index (Sep) 2011-08-10 17:45 GMT | US Fed Minneapolis's Narayana Kocherlakota speech FOREX NEWS : 2013-10-04 05:49 GMT | Asian bourses closing on the down side 2013-10-04 04:19 GMT | EUR/GBP sails its way down to 0.8423 session lows 2013-10-04 04:06 GMT | AUD/USD remains resilient amidst a poor risk-off environment 2013-10-04 03:35 GMT | EUR/USD losing momentum? Gains wiped out ----------------- EURUSD HIGH 1.36317 LOW 1.36183 BID 1.36259 ASK 1.36263 CHANGE 0.05% TIME 08 : 40:02 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: On the upside EURUSD is limited to the next resistive barrier at 1.3646 (R1). If the price manages to surpass this mark we would suggest next intraday targets at 1.3668 (R2) and 1.3690 (R3). Downwards scenario: Our next support level is placed at important technical level- 1.3607 (S1). Clearance here might stimulate bearish market participants to drive market price towards to our initial targets at 1.3584 (S2) and 1.3561 (S3) in potential. Resistance Levels: 1.3646, 1.3668, 1.3690 Support Levels: 1.3607, 1.3584, 1.3561 --------------------- GBPUSD : HIGH 1.61779 LOW 1.61532 BID 1.61721 ASK 1.61726 CHANGE 0.1% TIME 08:40:03 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: On the upside potential is seen for a break above the resistance at 1.6187 (R1). In such case we would suggest next target at 1.6215 (R2) and any further rise would then be limited to final resistance at 1.6241 (R3). Downwards scenario: Medium term bias is clearly positive however we expect recovery action if the price manages to overcome key supportive bastion at 1.6150 (S1). In such case we would suggest next intraday targets at 1.6125 (S2) and 1.6099 (S3). Resistance Levels: 1.6187, 1.6215, 1.6241 Support Levels: 1.6150, 1.6125, 1.6099 ------------------ USDJPY : HIGH 97.403 LOW 97.034 BID 97.111 ASK 97.113 CHANGE -0.15% TIME 08 : 40:04 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Mark at 97.50 (R1) acts as next resistive barrier on the way if the pair commence recovery phase. Break here is required to achieve higher targets at 97.80 (R2) and 98.10 (R3) later on today. Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the support level at 96.92 (S1). Loss here would suggest to monitor marks at 96.62 (S2) and 96.33 (S3) as possible intraday targets. Resistance Levels: 97.50, 97.80, 98.10 Support Levels: 96.92, 96.62, 96.33 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 03 2013 EUR/USD explodes to 1.3624, 8-month peaks The European Central Bank President Mario Draghi stated on Wednesday that he’ll take any necessary measures to keep the money-market rates in check as he guides Europe’s banks through their early stages of the economic recovery. Draghi stated; “We’ll remain particularly attentive to developments which may have implications to monetary policy and consider all available instruments. We have a vast array of instruments to this extent and we exclude no option in order to address the needs as is most appropriate.” The euro advanced 0.4 percent to $1.3586 late in the New York session, reaching the biggest one-day gain since Sept 18th. The 17 nation shared single currency was 0.2 percent weaker at 132.28 yen after falling as much as 0.9 percent. The yen strengthened 0.6 percent to 97.39 per dollar. The euro strengthened the most in two weeks versus the dollar after European Central Bank President Mario Draghi refrained from signaling that additional measures were needed to boost the region’s recovery. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-03 07:53 GMT | DE Markit Services PMI (Sep) 2013-10-03 07:58 GMT | EMU Markit Services PMI (Sep) 2013-10-03 09:00 GMT | EMU Retail Sales (YoY) (Aug) N/A | US Initial Jobless Claims (Sep 27) FOREX NEWS : 2013-10-03 05:36 GMT | EUR/GBP slightly upwards ahead of crucial UK,EZ data 2013-10-03 05:06 GMT | GBP/USD sits on the fence ahead of UK PMI Services data 2013-10-03 02:16 GMT | EUR/USD triggers stops 1.36+, JPY on the slide 2013-10-03 02:00 GMT | USD/JPY retracing from 97.70 session highs ----------------- EURUSD : HIGH 1.36232 LOW 1.35775 BID 1.36065 ASK 1.36069 CHANGE 0.22% TIME 08 : 39:59 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Current price setup might suggest uptrend development in near term perspective. If the price manages to surpass our resistive measure at 1.3623 (R1), we would suggest next targets at 1.3644 (R2) and 1.3665 (R3). Downwards scenario: On the other side, a dip lower the key support measure at 1.3575 (S1) would open a route towards to lower targets at 1.3555 (S2) and 1.3535 (S3). Resistance Levels: 1.3623, 1.3644, 1.3665 Support Levels: 1.3575, 1.3555, 1.3535 ------------------ GBPUSD : HIGH 1.62409 LOW 1.62206 BID 1.62329 ASK 1.62335 CHANGE 0.07% TIME 08 : 39:59 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: A bullish oriented market participant might pressures to test our next resistance level at 1.6261 (R1). Loss here could open a route towards to our interim target at 1.6292 (R2) and the main aim for today locates at 1.6323 (R3). Downwards scenario: Risk of possible price regress is seen below the support level at 1.6202 (S1). Break here would suggest lower targets at 1.6170 (S2) and 1.6139 (S3) in potential. Resistance Levels: 1.6261, 1.6292, 1.6323 Support Levels: 1.6202, 1.6170, 1.6139 ------------------------- USDJPY : HIGH 97.784 LOW 97.251 BID 97.700 ASK 97.702 CHANGE 0.36% TIME 08 : 40:00 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Market commenced recovery phase from the initial downtrend formation. Clearance of our next resistive barrier at 98.05 (R1) would suggest next intraday targets at 98.32 (R2) and 98.59 (R3) in potential. Downwards scenario: Further downside extension might face next supportive barrier at 97.53 (S1). Clearance here is required to open the way towards to interim target at 97.25 (S2) and any further price regress would then be targeting 96.98 (S3). Resistance Levels: 98.05, 98.32, 98.59 Support Levels: 97.53, 97.25, 96.98 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 02 2013 Ben Bernanke may delay taper if shut down impasse continues The Swiss franc appears to have become the safe haven currency of choice during the USA partial govt. shutdown. The Swiss franc rose to its highest level versus the dollar in nineteen months as a partial shutdown of the U.S. government increased demand for Switzerland’s currency as a safe haven currency. The franc is typically sought by investors seeking safety at times of heightened global stress and it climbed versus all but two of its 16 major currency peers during Tuesday's trading sessions. Versus the USD it strengthened through 90 cents per dollar for the first time since Feb. 29, 2012. The Swiss currency rose 0.3 percent to 90.23 centimes per dollar at 10:50 a.m. in Zurich, after rising to as much as 89.93 centimes. Versus the euro it was little changed at 1.2225. The dollar traded at close to its lowest level seen since February as the partial shutdown of the U.S. government increased speculation that the Federal Reserve will persevere with its asset purchases, therefore weakening the currency. The U.S. currency was little changed at $1.3526 per euro after depreciating to $1.3588, the weakest level seen since Feb 6th. The yen gained by 0.3 percent to 98 per dollar and climbed 0.3 percent to 132.55 per euro. FOREX ECONOMIC CALENDAR : 2013-10-02 11:45 GMT | ECB Interest Rate Decision 2013-10-02 12:30 GMT | ECB Monetary policy statement and press conference 2013-10-02 19:30 GMT | US Fed's Bernanke Speech 2013-10-02 23:50 GMT | JP Foreign investment in Japan stocks FOREX NEWS : 2013-10-02 04:48 GMT | EUR/USD sitting on the fence ahead of ECB 2013-10-02 04:11 GMT | GBP/AUD soars on dismal AUD data 2013-10-02 03:46 GMT | RBA next rate cut delayed till February - NAB 2013-10-02 03:12 GMT | Japan’s the black sheep among winning indexes in Asia EURUSD : HIGH 1.35282 LOW 1.35074 BID 1.35240 ASK 1.35244 CHANGE -0.01% TIME 08 : 32:56 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: Fractals level at 1.3536 (R1) offers a key resistive measure on the upside. Break here is required to enable bullish pressure and validate next target at 1.3551 (R2). Final support for today locates at 1.3566 (R3). Downwards scenario: As long as price stays below the next resistance level our technical outlook would be negative. Next on tap is support level at 1.3506 (S1). Penetration below this mark would suggest next targets at 1.3491 (S2) and 1.3475 (S3). Resistance Levels: 1.3536, 1.3551, 1.3566 Support Levels: 1.3506, 1.3491, 1.3475 ---------------------------- GBPUSD : HIGH 1.62001 LOW 1.61625 BID 1.61790 ASK 1.61795 CHANGE -0.1% TIME 08 : 32:57 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: Possible upwards extension above the resistance level at 1.6210 (R1) is liable to commence medium-term bullish structure. Important fractal levels offers next targets at 1.6238 (R2) and 1.6265 (R3) in potential. Downwards scenario: Risk of further correction expansion is seen below the support barrier at 1.6158 (S1). Break here is required to enable our intraday targets at 1.6130 (S2) and 1.6103 (S3) on the downside. Resistance Levels: 1.6210, 1.6238, 1.6265 Support Levels: 1.6158, 1.6130, 1.6103 ---------------------- USDJPY : HIGH 98.085 LOW 97.639 BID 97.648 ASK 97.651 CHANGE -0.37% TIME 08 : 32:57 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: Fresh portion of the economic data releases might increase volatility later on today. Clearance of our next resistive barrier at 98.09 (R1) is required to push the price towards to our next visible targets at 98.33 (R2) and 98.56 (R3). Downwards scenario: As long as price stays below the moving averages our short-term outlook would be negative. Possible extension lower the 97.50 (S1) is being able to drive market price towards to initial supports at 97.25 (S2) and 97.01 (S3). Resistance Levels: 98.09, 98.33, 98.56 Support Levels: 97.50, 97.25, 97.01 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Oct 01 2013 The US government shutdown - truth or dare Early in the overnight/early morning session we'll have received the RBA decision regarding the base rate for Australia, this will be accompanied by a statement concerning the decision, which is expected to keep the current rate at 2.5%. The U.S. government looks set for its first partial shutdown in over 17 years, with no signs of compromise from the Congress or the White House. The U.S. has had 17 funding gaps from 1977 to 1996. In 1995 and 1996, interruptions lasted from Nov 14th to Nov 19th and from Dec 16th to Jan 6th, as Republicans led by House Speaker Newt Gingrich clashed with President Bill Clinton. Equity index futures are down on the USA equity markets, the DJIA equity index future is down 0.98 at the time of writing, leaving the index at 15046, very close to the critical 15,000 level. SPX equity index future is down 0.62%. European equity index futures are mainly in the red, STOXX down 0.9%, FTSE down 0.79% and the DAX down 0.87%. The U.S. Dollar Index, tracking the performance of a basket of the 10 leading global currencies versus the dollar, fell for a second trading-day, declining by 0.1 percent to 1,011.85 late in the New York session, after weakening by as much as 0.2 percent. The yen was little changed at 98.30 per dollar after touching 97.50, the strongest level since Aug 29th. Japan’s currency fell 0.1 percent to 132.93 versus the euro after appreciating to 131.38, the strongest level witnessed since Sept 9th. The euro was little changed at $1.3527. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-10-01 09:00 GMT | EU.EMU Unemployment Rate (Aug) 2013-10-01 12:58 GMT | US. Markit Manufacturing PMI (Oct) 2013-10-01 14:00 GMT | US. Construction Spending (MoM) (Aug) 2013-10-01 14:00 GMT | US. ISM Manufacturing PMI (Sep) FOREX NEWS : 2013-10-01 05:18 GMT | AUD/JPY continues short-term upside following Aussie rate decision and comments 2013-10-01 04:39 GMT | EUR/USD eyes 1.3550 as shutdown kicks in 2013-10-01 04:31 GMT | USD/JPY slipping and sliding now that US government shutdown is a reality 2013-10-01 04:01 GMT | GBP/USD is spiking as the Senate votes down the House spending bill --------------------- EURUSD : HIGH 1.35519 LOW 1.35174 BID 1.35448 ASK 1.35452 CHANGE 0.14% TIME 08 : 24:34 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Next resistance level is seen at 1.3555 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.3578 (R2) and 1.3600 (R3) in potential. Downwards scenario: Possible pull back development is limited now to the key supportive barrier at 1.3517 (S1). Only loss here would be considered as a beginning of a retracement expansion. Our intraday targets locates at 1.3472 (S2) and 1.3435 (S3). Resistance Levels: 1.3555, 1.3578, 1.3600 Support Levels: 1.3517, 1.3472, 1.3435 -------------------- GBPUSD : HIGH 1.62465 LOW 1.61823 BID 1.62370 ASK 1.62374 CHANGE 0.32% TIME 08 : 24:35 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: The local peak at 1.6247 (R1) offers an important resistive level. Any penetration above it might shift the balance to the bullish side and validate our intraday targets at 1.6279 (R2) and 1.6308 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.6207 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.6180 (S2) and 1.6139 (S3). Resistance Levels: 1.6247, 1.6279, 1.6308 Support Levels: 1.6207, 1.6180, 1.6139 --------------------------- USDJPY : HIGH 98.728 LOW 98.031 BID 98.124 ASK 98.129 CHANGE -0.09% TIME 08 : 24:36 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Neutral IMPLIED VOLATILITY : Medium Upwards scenario: Break above the next resistance level at 98.56 (R1) is required to generate upside action and trigger our intraday targets at 98.81 (R2) and 99.05 (R3). Downwards scenario: Further correction development is limited now to the session low - 97.95 (S1). If the price manages to surpass it we would suggest next intraday targets at 97.63 (S2) and 97.30 (S3). Resistance Levels: 98.56, 98.81, 99.05 Support Levels: 97.95, 97.63, 97.30 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Sep 30 2013 Equity index futures fall sharply, USA Government shutdown approaches as lawmakers fail to broker agreement Concerns that the budget stalemate, at the heart of the USA government, will affect economic growth caused the Standard & Poor’s 500 Index to experience its first weekly drop since August. The index dropped 1.1 percent last week. The rate on 10-year Treasury notes fell three basis points to 2.62 percent. Equity index futures took a substantial hit immediately the market opened Sunday evening; the DJIA down 0.72% - with the critical level of 15,000 back on the radar. The SPX was down 0.79%. European equity index futures also took an immediate hit, with UK FTSE down 0.77% and the MIB down 1.25%. The dollar and the euro fell sharply in early trade on Sunday evening, the greenback falling by 0.5% versus yen. Being perceived as a safe haven yen also rose versus the euro, loonie, Aussie, sterling and the Swiss franc amongst the major peers. In a USA government shutdown, essential operations with dedicated funding would continue. A shutdown could reduce fourth-quarter economic growth by as much as 1.4 percentage points according to economists. The biggest effect would come from the output lost from temporarily laid off workers. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-09-30 09:00 GMT | EMU Consumer Price Index - Core (YoY) (Sep) 2013-09-30 12:30 GMT | CA Gross Domestic Product (MoM) (Jul) 2013-09-30 13:45 GMT | US Chicago Purchasing Managers' Index (Sep) 2013-09-30 23:30 GMT | JP Unemployment Rate (Aug) FOREX NEWS : 2013-09-30 05:30 GMT | AUD/USD off the session lows; 0.9282 is last hope for bulls 2013-09-30 04:48 GMT | USD/CHF under pressure on US government close “jitters” 2013-09-30 03:52 GMT | USD/JPY starting to weaken after bouncing around after Japanese data 2013-09-30 03:06 GMT | NZD/USD down, but holding its own unlike many other “risk currencies” ------------------ EURUSD : HIGH 1.35067 LOW 1.34774 BID 1.34980 ASK 1.34983 CHANGE -0.18% TIME 08 : 38:12 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: Price comfortably ranging on the hourly chart, however we see potential to overcome our next resistive barrier at 1.3512 (R1) later on today. Any prolonged movement above it would suggest next intraday targets at 1.3530 (R2) and 1.3550 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.3471 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.3454 (S2) and 1.3437 (S3) Resistance Levels: 1.3512, 1.3530, 1.3550 Support Levels: 1.3471, 1.3454, 1.3437 ------------------ GBPUSD : HIGH 1.61812 LOW 1.61387 BID 1.61646 ASK 1.61654 CHANGE 0.17% TIME 08 : 38:12 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: Measures of resistance might be activating when the pair approaches 1.6180 (R1). Break here would suggest next interim target at 1.6210 (R2) and If the pair keeps its momentum we would expect an exposure of 1.6238 (R3). Downwards scenario: Risk of market weakening is seen below the support level at 1.6139 (S1). Loss here is required to enable our supportive barrier at 1.6111 (S2) en route towards to final target for today at 1.6083 (S3). Resistance Levels: 1.6180, 1.6210, 1.6238 Support Levels: 1.6139, 1.6111, 1.6083 ------------------------ USDJPY : HIGH 98.054 LOW 97.674 BID 97.910 ASK 97.913 CHANGE -0.32% TIME 08 : 38:13 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Upside formation is limited now to the next resistive barrier at 98.09 (R1). Clearance here is required to provide a space for a move towards to next target at 98.29 (R2) and then final aim could be found at 98.50 (R3). Downwards scenario: Successful retest of our next support level at 97.66 (S1) might provide sufficient momentum for the price acceleration towards to interim target at 97.46 (S2) and then final aim for today could be exposed at 97.26 (S3). Resistance Levels: 98.09, 98.29, 98.50 Support Levels: 97.66, 97.46, 97.26 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Sep 27 2013 USA Congress still at odds over debt ceiling Despite the hope that the USA will eventually agree a new debt ceiling, U.S. Congress has failed to pass the necessary budget, Republicans and Democrats continue to disagree over whether to stop funding the 2010 health-care initiative known as Obamacare, thereby threatening a a government shutdown by Oct 1st. Equities rose in Thursday's trading sessions, with the Standard & Poor’s 500 Index rising by 0.4 percent to 1,698.67 at the close in the New York session. The yield on the 10-year Treasury note also climbed two basis points, or 0.02 percentage point, to 2.65 percent. Other data sets published on Thursday may have confirmed that the USA economy improved in the second quarter of 2013, however, positive GDP numbers were countered by fewer Americans signing contracts to buy previously owned homes in August. USA GDP rose at a 2.48% percent annual rate, unrevised from the previous estimate, after expanding 1.1 percent in the first quarter, the USA Commerce Department reported. The index of pending home sales fell 1.6 percent, the recent rise in mortgage rates slowing momentum in the housing market, according to figures from the National Association of Realtors. Market Analysis | FXCC Blog FOREX ECONOMIC CALENDAR : 2013-09-27 12:00 GMT | DE.Harmonised Index of Consumer Prices (YoY) (Sep)Preliminar 2013-09-27 12:00 GMT | DE.Consumer Price Index (MoM) (Sep)Preliminar 2013-09-27 12:30 GMT | US.Personal Spending (Aug) 2013-09-27 12:30 GMT | US.Personal Income (MoM) (Aug) FOREX NEWS : 2013-09-27 05:01 GMT | EUR/CHF at six-week low 2013-09-27 04:02 GMT | EUR/USD under pressure on Italian political uncertainty 2013-09-27 02:53 GMT | AUD/JPY dives to 92.13 bottoms 2013-09-27 02:37 GMT | EUR/JPY cracks down to 133.02 lows EURUSD : HIGH 1.3491 LOW 1.34742 BID 1.34868 ASK 1.34871 CHANGE -0.01% TIME 08 : 11:57 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Resistance level at 1.3504 (R1) acts as reference point for further market strengthening. Break here is required to enable next interim target at 1.3523 (R2) en route towards to final aim for today at 1.3542 (R3). Downwards scenario: Next challenge on the downside is seen at 1.3472 (S1). Breakthrough of this mark would open way for a downside expansion and could possibly trigger our initial targets at 1.3452 (S2) and 1.3435 (R3) later on today. Resistance Levels: 1.3504, 1.3523, 1.3542 Support Levels: 1.3472, 1.3452, 1.3435 GBPUSD : HIGH 1.60532 LOW 1.603 BID 1.60506 ASK 1.60511 CHANGE 0.06% TIME 08 : 11:57 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Our attention on the upside is put to the next resistive barrier at 1.6139 (R1). Break here is required to stimulate bullish forces to expose initial targets at 1.6170 (R2) and 1.6206 (R3) later on today. Downwards scenario: We do expect some pull-backs development on the downside below the support level at 1.6030 (S1). Short-term momentum on the negative side might open the way towards to immediate supports at 1.6000 (S2) and 1.5964 (S3). Resistance Levels: 1.6139. 1.6170, 1.6206 Support Levels: 1.6030, 1.6000, 1.5964 ----------------------- USDJPY : HIGH 99.04 LOW 98.624 BID 98.634 ASK 98.636 CHANGE -0.34% TIME 08 : 11:58 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Market remains sideways oriented. Next hurdle on the upside might be found at 99.05 (R1). Break here would open road towards to our interim aim at 99.33 (R2) and enable final intraday resistive measure at 99.58 (R3). Downwards scenario: On the other hand, our next support level aligns at 98.56 (S1) and possible price regress below it might encounter downside rally. In such scenario we would suggest next intraday targets to be placed at 98.25 (S2) and 97.97 (S3). Resistance Levels: 99.05, 99.33, 99.58 Support Levels: 98.56, 98.25, 97.97 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Sep 26 2013 SPX drop longest since 'fiscal cliff' debacle of December 2012 The SPX has dropped over 1.9 percent during the past five trading days as investors remain cautious as to whether or not the pending government shutdown will eventually harm USA economic growth. The current fall is now the longest witnessed on the index since Dec 28th 2012, when USA lawmakers clashed over the impending automatic spending cuts and tax increases known as the "fiscal cliff". Sterling advanced 0.4 percent to $1.6070 late in the London session after rising to $1.6163 on Sept 18th, which was the highest level seen since Jan 11th. The U.K. currency was little changed at 84.22 pence per euro after appreciating to 83.53 pence on Sept 18th, the strongest level seen since Jan 17th. Sterling strengthened towards its eight-month high versus the dollar after a gauge of U.K. retail sales from the UK's CBI increased in September, adding to signs the U.K. economy is improving, slowly. Sterling rose versus all of its 16 major counterparts before a report today that analysts believe will confirm that the U.K. economy expanded last quarter by the estimated 0.7%. The pound has in fact been the best performer during the past six months, appreciating 5.8 percent versus the dollar. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-09-26 08:30 GMT | UK Gross Domestic Product (YoY) (Q2) 2013-09-26 12:30 GMT | US Gross Domestic Product Annualized (Q2) 2013-09-26 14:00 GM | US Pending Home Sales (YoY) (Aug) 2013-09-26 23:30 GMT | JP National CPI Ex Food, Energy (YoY) (Aug) FOREX NEWS : 2013-09-26 05:37 GMT | USD/JPY surges as Nikkei cracks the 14,500 2013-09-26 05:36 GMT | EUR/USD gathering steam for another upside move ahead of European 2013-09-26 04:28 GMT | GBP/USD consolidating big gains from Wednesday; first support 1.6046 2013-09-26 03:17 GMT | GBP/JPY propelled to 159.27 highs ------------------- EURUSD HIGH 1.35306 LOW 1.35116 BID 1.35209 ASK 1.35213 CHANGE -0.03% TIME 08 : 47:50 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: An element of resistive measures could be found at 1.3538 (R1). Clearance here would suggest further uptrend development towards to our interim target at 1.3562 (R2). Final aim locates today at 1.3584 (R3). Downwards scenario: On the other side, depreciation below the support barrier at 1.3507 (S1) might provide sufficient space for the recovery action. In such case we would suggest next intraday targets at 1.3483 (S2) and then 1.3459 (S3). Resistance Levels: 1.3538, 1.3562, 1.3584 Support Levels: 1.3507, 1.3483, 1.3459 ---------------- GBPUSD HIGH 1.60865 LOW 1.60671 BID 1.60771 ASK 1.60775 CHANGE -0.01% TIME 08 : 47:51 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: On the upside, fractals level at 1.6090 (R1) offers an important resistive structure. Any penetration above that level would suggest next intraday targets at 1.6114 (R2) and 1.6137 (R3). Downwards scenario: On the other hand, our bearish expectations remain intact below the key support level at 1.6055 (S1). Price penetration below it would allow further declines towards to lower targets at 1.6031 (S2) and 1.6006 (S3). Resistance Levels: 1.6090, 1.6114, 1.6137 Support Levels: 1.6055, 1.6031, 1.6006 ----------------- USDJPY HIGH 99.11 LOW 98.269 BID 98.893 ASK 98.896 CHANGE 0.47% TIME 08 : 47:52 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Market remains relatively stable above the moving averages. Clearance of next resistance level at 99.11 (R1) might initiates bullish pressure and expose our intraday targets at 99.26 (R2) and 99.42 (R3) later on today. Downwards scenario: Clearance of our support at 98.68 (S1) is required to determine negative intraday bias and enable lower target at 98.51 (S2) and then any further market depreciation would suggest final aim at 98.34 (S3). Resistance Levels: 99.11, 99.26, 99.42 Support Levels: 98.68, 98.51, 98.34 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Sep 25 2013 Aussie, kiwi heavy; Tokyo stained with red Asian traders were rather inactive at the early going of Tokyo, with some Yen strength the main theme, yet as the session advanced, Aussie weakness also became dominant. In the US, following an uncertain and uneven Wall Street session after Fed’s comments on indefinite timing for bond-buying program, Asia registered mixed results in equity indexes with the Nikkei down 0.39%, pushing the yen higher. In New Zealand, the trade deficit expanded from $-771M to $-1191M beating estimates, for the worse, at $-743M. In Australia, the RBA said the banking system is liquid and in good shape and added the housing market data is strong and yet the Aussie remained heavy with slow progress upward. Japan prepared for the tankan results next week and market participants remain on their feet to any governmental decision to increase the sales taxes as Prime Minister Abe announce a potential increase based on tankan results despite the Spring 2014 plans to proceed with the monetary policies. In the futures contracts realm, all metals printed gains with notably copper advancing on positive Chinese consumer data along with gold registering gains worth 0.66% for the first time in the week to reach $1,325.00. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-09-25 06:00 GMT | DE Gfk Consumer Confidence Survey (Oct) 2013-09-25 10:00 GMT | UK CBI Distributive Trades Survey - Realized (MoM) (Sep) 2013-09-25 12:30 GMT | US Durable Goods Orders (Aug) 2013-09-25 14:00 GMT | US New Home Sales (MoM) (Aug) FOREX NEWS : 2013-09-25 05:05 GMT | EUR/USD threatening Tuesday low of 1.3463 ahead of Europe open 2013-09-25 04:47 GMT | USD/JPY has downside risks in coming months - JPMorgan 2013-09-25 04:24 GMT | AUD/USD is falling as “debt-ceiling” issue looms out 2013-09-25 03:36 GMT | Gold rallies off Tuesday low at 1305.50, but runs into wall at 1326.80 ------------------- EURUSD HIGH 1.34809 LOW 1.34619 BID 1.34719 ASK 1.34722 CHANGE -0.01% TIME 08 : 47:09 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Next resistive barrier locates at 1.3497 (R1). Violation here is required to provide a signal of further market strengthening. In such case, resistances at 1.3520 (R2) and 1.3542 (R3) acts as next attractive points for the bullish oriented traders. Downwards scenario: Further correction development might face next hurdle at 1.3458 (S1). Break here is required to open road towards to our next interim target at 1.3437 (S2), en route to final aim at 1.3415 (S3). Resistance Levels: 1.3497, 1.3520, 1.3542 Support Levels: 1.3458, 1.3437, 1.3415 ------------------- GBPUSD : HIGH 1.60039 LOW 1.59794 BID 1.59904 ASK 1.59911 CHANGE -0.07% TIME 08 : 47:09 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: A violation of next resistance at 1.6021 (R1) might call for a run towards to next target at 1.6060 (R2) and any further appreciation would then be limited to final target at 1.6097 (R3). Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.5954 (S1) is being able to drive market price towards to our next targets at 1.5912 (S2) and 1.5870 (S3). Resistance Levels: 1.6021, 1.6060, 1.6097 Support Levels: 1.5954, 1.5912, 1.5870 ----------------- USDJPY : HIGH 98.798 LOW 98.557 BID 98.680 ASK 98.682 CHANGE -0.06% TIME 08 : 47:10 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Neutral tone remains favored on the hourly chart frame, however possible extension above the resistive measure at 98.92 (R1) would suggest next intraday targets at 99.07 (R2) and 99.21 (R3). Downwards scenario: On the other hand, new phase of downtrend formation might commence below the important support level at 98.56 (S1). Break here is required to validate our targets at 98.41 (S2) and 98.26 (S3) later on today. Resistance Levels: 98.92, 99.07, 99.21 Support Levels: 98.56, 98.41, 98.26 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Sep 24 2013 A tale of three central banks Two European central bank presidents spoke on Monday concerning their overall relative responsibilities. European Central Bank President Mario Draghi said he’s prepared to release another long-term refinancing operation in order to provide funds to Europe’s banking system if and when needed. Unlike previous times after Mr Draghi has held court, the market reaction this time was muted. The Swiss franc is still highly valued and the central bank’s currency ceiling remains essential for safeguarding the economy, according to Swiss National Bank President Thomas Jordan in his statement on Monday. Therefore the loose peg, in relation to the value of the Swiss franc versus the euro, at circa 120, will remain in force until conditions change. The U.S. currency fell versus the majority of its sixteen major peers as a consequence of the Bank of Atlanta President Dennis Lockhart and others stating that Fed policy should focus on creating a more dynamic economy. Lockhart has continually backed the Fed’s $85 billion in monthly bond purchases that were retained last week. http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-09-24 08:00 GMT | DE IFO - Business Climate (Sep) 2013-09-24 12:30 GMT | CA Retail Sales (MoM) (Jul) 2013-09-24 14:00 GMT | US Consumer Confidence (Sep) 2013-09-24 22:45 GMT | NZ Trade Balance (YoY) (Aug) FOREX NEWS : 2013-09-24 05:16 GMT | EUR/USD churning above support of 1.3476 ahead of German data 2013-09-24 05:01 GMT | EUR/GBP struggles to maintain the 0.8400 support 2013-09-24 04:42 GMT | GBP/USD off slightly Tuesday after brief rally Monday; key support 1.5894 2013-09-24 03:59 GMT | USD/JPY pulling back away from 99.52 resistance as Yen sees safety inflows -------------------- EURUSD : HIGH 1.34985 LOW 1.3489 BID 1.34953 ASK 1.34955 CHANGE 0.02% TIME 08 : 47:25 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Appreciation above the resistance at 1.3517 (R1) might commence new step of the ascending structure. Our intraday targets today are placed at 1.3538 (R2) and 1.3560 (R3). Downwards scenario: Any downside fluctuations remains for now limited to the next support level at 1.3478 (S1), only clear break here would be a signal of further market easing towards to next targets at 1.3458 (S2) and 1.3437 (S3) in potential. Resistance Levels: 1.3517, 1.3538, 1.3560 Support Levels: 1.3478, 1.3458, 1.3437 --------------------------- GBPUSD : HIGH 1.60443 LOW 1.60252 BID 1.60256 ASK 1.60261 CHANGE -0.1% TIME 08 : 47:26 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Market price penetrated below the moving averages and likely close at the negative side today. Our next resistive measure lies at 1.6054 (R1), break here is required to achieve higher targets at 1.6083 (R2) and 1.6109 (R3). Downwards scenario: Possible market weakening is protected by important technical level at 1.6016 (S1). Break here is required to open road towards to interim target at 1.5989 (S2) en route to final aim at 1.5962 (S3). Resistance Levels: 1.6054, 1.6083, 1.6109 Support Levels: 1.6016, 1.5989, 1.5962 ------------------- USDJPY : HIGH 98.93 LOW 98.662 BID 98.921 ASK 98.923 CHANGE 0.08% TIME 08 : 47:27 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: We expect possible upwards penetration. Break above the resistance at 98.93 (R1) would clear the way towards to higher target at 99.10 (R2). Further price appreciation would face then final resistive measure at 99.27 (R3) Downwards scenario: Our next support level locates at 98.63 (S1) mark. Possible penetration below this level would open way towards to next target at 98.47 (S2) and then final aim lie at 98.31 (S3) price level. Resistance Levels: 98.93, 99.10, 99.27 Support Levels: 98.63, 98.47, 98.31 Source: FX Central Clearing Ltd,( http://www.fxcc.com )

Forex Technical & Market Analysis FXCC Sep 23 2013 Merkel wins German election, arduous coalition talks ahead... Asian traders bought up the Euro through interbank trading, following early evidence of what later was confirmed as the best result for Merkel's conservative party in a general election since 1990, with the Chancellor receiving around 42% of all votes to keep her post as one of the most powerful women on the globe for a third term. Despite the early enthusiasm, the excitement faded pretty quick, with traders deciding to be sidelined as Merkel still faces a tough road ahead, now having to engage on coalition negotiation to form a government - a process which may take weeks if not months - after Mekel's CDU fell very short from claiming an absolute majority. As the quiet Asian session advanced, and with the Tokyo market closed due to public holidays, the only relevant headline to outline was the Chinese HSBC PMI, which came at a 6-month high, supporting the Australian Dollar across the board. On the commodity arena, metals were hammered yet again, following Fed's Bullard comments on Friday, which triggered the 'taper trade' again, after saying that the October FOMC meeting was still 'live' in terms of tapering.-FXstreet.com http://blog.fxcc.com/market-analysis FOREX ECONOMIC CALENDAR : 2013-09-23 07:28 GMT | DE Markit Services PMI (Sep) 2013-09-23 07:58 GMT | EMU Markit Manufacturing PMI (Sep) 2013-09-23 12:58 GMT | US Markit Manufacturing PMI (Oct) 2013-09-23 13:00 GMT | ECB President Draghi's Speech FOREX NEWS : 2013-09-23 05:18 GMT | EUR/USD still indecisive just above flat line; 1.3534 is the level to conquer for the bulls 2013-09-23 05:02 GMT | GBP/JPY upwards amidst of a Tokyo-holiday session 2013-09-23 04:33 GMT | USD/CHF finishes “abc” upside correction at 0.9122; headed lower 2013-09-23 03:56 GMT | USD/JPY bracing for takeoff? ---------------- EURUSD : HIGH 1.35459 LOW 1.35202 BID 1.35293 ASK 1.35297 CHANGE 0.02% TIME 08 : 40:09 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Technically, next resistive structure lies at 1.3549 (R1). Break here is required to initiate upwards action towards to next target at 1.3583 (R2) and then final aim could be exposed at 1.3618 (R3). Downwards scenario: On the other hand, current range pattern on the hourly chart suggest possible retest of our supportive measure at 1.3507 (S1). Break here is required to open way towards to initial targets at 1.3474 (S2) and 1.3440 (S3). Resistance Levels: 1.3549, 1.3583, 1.3618 Support Levels: 1.3507, 1.3474, 1.3440 -------------------- GBPUSD : HIGH 1.60314 LOW 1.59929 BID 1.60220 ASK 1.60224 CHANGE 0.09% TIME 08 : 40:10 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: On the upside resistive structure at 1.6044 (R1) prevents possible gains. Clearance here is required to open route towards to next target at 1.6075 (R2) and then final target could be triggered at 1.6106 (R3). Downwards scenario: Local low offers a key support level on the downside. A dip below the 1.5987 (S1) would suggest next intraday targets at 1.5956 (S2) and potentially 1.5925 (S3). Resistance Levels: 1.6044, 1.6075, 1.6106 Support Levels: 1.5987, 1.5956, 1.5925 ------------------ USDJPY : HIGH 99.359 LOW 99.084 BID 99.117 ASK 99.119 CHANGE -0.2% TIME 08 : 40:11 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Any upside actions looks limited now to resistive measure at 99.36 (R1). Break here is required to enable uptrend formation towards to higher target at 99.55 (R2). Final aim for today locates at 99.74 (R3). Downwards scenario: Fresh low formed today offers an important resistive measure at 99.04 (S1). Break here is required to drive market price towards to next visible targets at 98.86 (S2) and 98.69 (S3) later on today. Resistance Levels: 99.36, 99.55, 99.74 Support Levels: 99.04, 98.86, 98.69 Source: FX Central Clearing Ltd,( http://www.fxcc.com )