OctaFX_Farid Posted January 30, 2015 Author Report Share Posted January 30, 2015 Canadian dollar and cross in a technical snapshot - TDSFXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical analyses in the Canadian dollar.Key Quotes: "USD/CAD> drops back from early highs but we look for firm support on dips to the upper 1.26s area." "EUR/CAD tests a major resistance zone around 1.45; we continue to favour range trading here." "AUD/CAD chops around resistance in the low 0.99 area." "GBP/CAD reaches our s/t bull target higher levels are still on the cards." "CAD/JPY extends below support in the high 92s look for more weakness towards 90.50. "OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageJan 30,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
Roisin Mulvaney Posted February 1, 2015 Report Share Posted February 1, 2015 The biggest problem for traders like me is to find a good broker because this is the biggest issue and mostly we are not able to find any good one so thinking of good analysis or signal is a thought far away from reality or any serious thinking over. Now this is where I feel thrilled to be part of OctaFX broker, as they are the finest broker we will ever find with already winning 8 award in just 4 years and likely to add another few with been nominated in Best broker and most reliable broker category so having a lovely analysis service at the same place is just hard to believe but been using it for so long I am just short of words in praise! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 2, 2015 Author Report Share Posted February 2, 2015 US manufacturing ISM weakens further in January KBCFXStreet (Barcelona) - The KBC Bank Research Desk reviews todays US ISM manufacturing data release, noting that ISM registered a drop for the third consecutive month, falling to 53.5 due to poor demand from abroad.Key Quotes In January, the US manufacturing ISM dropped for a third consecutive month, from 55.1 to 53.5, while only a limited decline to 54.5 was expected. The manufacturing ISM is now again at its lowest level since the start of last year when harsh winter weather weighed on activity. Looking at the details, new orders dropped sharply (from 57.8 to 52.9) and new export orders even contracted, for the first time in 14 months. Backlog of orders and supplier deliveries weakened sharply too. A more moderate slowdown was seen in production (56.5 from 57.7), customer inventories (42.5 from 44.5) and employment (54.1 from 56.0), while inventories and imports picked up in January. Prices paid dropped further falling from 38.5 to 35.0. The drop in the manufacturing ISM suggests that activity in the sector is slowing further at the start of the year, mainly due to poor demand from abroad. Slow growth outside the US is probably weighing on demand together with the stronger dollar, while lower costs are unable to boost sentiment. The index remains however close to its LT average, indicating that activity is still moderate.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 02,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 3, 2015 Author Report Share Posted February 3, 2015 WTI set to surge further BAMLFXStreet (Barcelona) - The Research Team at Bank of America-Merrill Lynch, expects WTI Crudes gains to continue towards $54.33 levels.Key Quotes Evidence suggests that Friday's surge higher in WTI has further to run. The recent surge in Open Interest, rising approximately 134k contracts since Jan-16, indicates vulnerable short positions (open interest rises when the seller is a new short and the buyer is a new long) which are now at risk of being covered. With the break of 2m trend line resistance (and weekly hold of 16yr trend line support) gains should continue in the sessions ahead towards the Dec-16 low at 54.33 before renewed stalling.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 03,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 3, 2015 Author Report Share Posted February 3, 2015 GBP/USD posts highs around 1.5080FXStreet (Edinburgh) - The pound continues to trade on a positive mood on Tuesday, now pushing GBP/USD to test intraday highs in the 1.5080 neighbourhood.GBP/USD boosted by risk, data Spot keeps extending its bounce off session troughs in sub-1.5000 levels, reclaiming the 1.5070/80 zone and challenging weekly highs at the same time. The auspicious result from the UK Construction PMI during January is collaborating with the upside as well, all against the backdrop of favouring context for the risk-associated universe. Next of relevance for GBP traders will be the Services PMI due tomorrow (56.3 exp.) followed by the BoE MPC meeting to be held on Thursday. GBP/USD key levels The pair is now gaining 0.35% at 1.5076 and a breakout of 1.5100 (psychological level) would aim for 1.5115 (21-d MA) and then 1.5161 (high Jan.29). On the downside, the initial support lies at 1.4972 (low Jan.26) ahead of 1.4952 (low Jan.23) and finally 1.4900 (psychological handle).OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 03,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 3, 2015 Author Report Share Posted February 3, 2015 SEB: USD/JPY hanging bearishly below resistance – eFXnewsFXStreet (Barcelona) - The eFXnews Team shares SEB’s technical outlook for USD/JPY.Key Quotes “The market likes it better below than above dynamic resistance coming with the (Fibo-adjusted) 21day 'Kijun-Sen' and this threatens the low end of the 55day exponentially weighted moving average band (116.64)." “Further down low points at 115.85 & 115.57 are of interest.†“A loss of support at those should lower sights to the lower end of the Fibo-adjusted 'Cloud', now at 114.30.†“A move back over 118.87 is needed to defuse downside risks.†This content has been provided under specific arrangement with eFXnews.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 03,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 3, 2015 Author Report Share Posted February 3, 2015 Recovering oil to lead USD/CAD to retrace lower ScotiabankFXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, comments that as long as WTI remains above $50 USD/CAD is set to retrace lower, expecting a close below 1.2537 to lead way for 1.2390 levels.Key Quotes CAD is strong, having retraced over 2% from its weakest levels. Oil prices have rallied dramatically, WTI is up 18%, since its $43.58 low. Accordingly for CAD the downward pressure has eased, laying the groundwork for significant short covering. As long as oil continues to trend higher, there is nearâ€term upside risk for CAD (downside USDCAD). In USDCAD terms, a close below 1.2537, the high from January 28th is important and opens up a test down to 1.2390. As long as WTI remains above $50 we expect USDCAD to temporarily retrace lower; however in the medium term USDCAD is still vulnerable to upside risk from a fundamental backdrop that has shifted dramatically. For the BoC the market is pricing in a 40% chance of an interest rate cut at the March 4th meeting, a 60% chance of an April 15th cut and one full cut priced in by September. This outlook combined with oil prices is imperative for the path of CAD.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 03,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 3, 2015 Author Report Share Posted February 3, 2015 USD/JPY upside limited FXStreetFXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical setup for USD/JPY, noting that the pairs upside might remain limited in the short-term.Key Quotes The USD/JPY trades around its daily opening, having however reached a lower low daily basis at 116.87. The positive sentiment that sent dollar lower against high yielders, is also affecting safe-haven yen that anyway remains subdued. The 1 hour chart for the pair shows that indicators aim higher above their midlines, although 100 SMA offers immediate short term resistance around current levels. In the 4 hours chart indicators turned higher but remain below their midlines, whilst the price remains below its moving average, all of which should keep the upside limited in the short term. Support levels: 117.30 117.00 116.60" Resistance levels: 118.10 118.40 118.80OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 03,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 4, 2015 Author Report Share Posted February 4, 2015 AUD/USD short-term bearish FXStreetFXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, comments that technicals suggest AUD/USD outlook remains bearish in the short-term, expecting the pair to resume its decline one a break of 0.7735 levels.Key Quotes Australian dollar failed to extend its gains overnight, topping against the greenback around the 0.7850 price zone, and bearish in the short term, according to the 1 hour chart that shows price extending below its 20 SMA and indicators crossing their midlines to the downside. In the 4 hours chart price is now pressuring a flat 20 SMA whilst indicators are also crossing their midlines, supporting a steadier decline particularly if 0.7735 gives up.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 04,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 4, 2015 Author Report Share Posted February 4, 2015 US Markit Services PMI gains in JanuaryFXStreet (London) - At 54.2 in January, the final seasonally adjusted Markit US Services Business Activity Index picked up from 53.3 in December. The index has now registered above the 50.0 no-change threshold for fifteen consecutive months, but the latest reading signalled that the rate of service sector output growth was still much weaker than the peaks seen in mid-2014. According to Markit, slower new order growth continued to weigh on the performance of the service economy at the start of the year. The rate of new business expansion has weakened in each month since last October, and the latest rise was the least marked in almost five-and-a half years of data collection. Some firms noted that greater caution among clients had led to more subdued sales growth at the start of 2015. Meanwhile, volumes of work-in-hand (but not yet completed) increased only marginally during January, with the rate backlog accumulation easing to the slowest for six months. Commenting on the PMI data, Chris Williamson, Chief Economist at Markit said: Markits US PMI surveys accurately anticipated the near-halving in the pace of economic growth in the fourth quarter of 2014, and suggest that the rate of expansion remained little better than 2.0 percent annualised at the start of 2015. Companies are clearly struggling at the moment, with the surveys recording the smallest increase in new orders seen since the financial crisis six years ago amid weaker US and global economic growth and the strong US dollar. However, the survey also found that companies remained in hiring mode, pointing to another robust non-farm payroll gain in January. At the same time, cost pressures hit a post-crisis low due to the oil price rout, which should pave the way for further falls in headline inflation in coming months. Irrespective of the employment gain, the combination of lower inflation and slower economic growth suggests that any lifting of interest rates before mid-year is looking increasingly unlikely.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 04,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 5, 2015 Author Report Share Posted February 5, 2015 Canada Exports registered at $44.06B above expectations ($42.9B) in DecemberRead more in Forex NewsOctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 05,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 6, 2015 Author Report Share Posted February 6, 2015 Rising inventories keep Copper in redFXStreet (Mumbai) - Copper prices on Comex trades slightly lower today, extending losses from the previous session, however was set for its biggest weekly gain in more than two years ahead of US NFP data.LME stocks at 13-year High The red metal trades at 2.588 levels, having previously posted days low at 2.582 and days high at 2.615 levels. Copper prices remains pressured as the metals inventories rose yet another day, adding to signs of a glut in a market that continues to grip the copper markets. Inventories at LME warehouse jumped 34500 metric tons, or 13%, to 284,600 tons yesterday, the highest in almost a year and sits at 13-year high. Copper prices are expected to continue its downtrend as less demand from China, the world's biggest user of copper, is leading to excess supplies as economic activity cools-off across the all the sectors. Moreover, manufacturers and other buyers often slow purchases of the metal this time of year before the Lunar New Year holidays.Copper Technical Levels Copper prices have an immediate resistance located at 2.60, above which gains could be extended to 2.618 levels. Meanwhile, support is seen at 2.52 levels, below which it can extend losses to 2.50 levels.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 06,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 6, 2015 Author Report Share Posted February 6, 2015 AUD/USD steady above 0.7800FXStreet (Córdoba) - AUD/USD rose during the Asian session and peaked at 0.7858, reaching the highest price since January 29 and then pulled back modestly. During the last hours it has remained steady trading around 0.7830, on a quiet session as traders await the US employment report. The aussie is headed toward a weekly gain of around a hundred pips against the US dollar, as it recovers from multi-year lows that reached on Tuesday at 0.7625.RBA and politics During the Asian session the Reserve Bank of Australia downgraded its growth and inflation forecast in its monetary policy statement. Political uncertainty jumped in Australia after Luke Simpkins, announced that he would be moving a motion to have the leadership declared open, that could removed from office the current prime minister Tony Abbott, as early as next week.OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 06,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 6, 2015 Author Report Share Posted February 6, 2015 NZD/USD clings on to 0.74 handle ahead of US NFPFXStreet (Mumbai) - NZD/USD shaved-off Aussie backed gains and traded flat as traders now eagerly await US labour market report due for release in the US session.Struggles above 0.7400 Currently, the NZD/USD traded flat at 0.7405, wiping out previous gains on the back of solid gains in the Aussie. The kiwi lost ground as the US dollar strengthened versus the major currencies before the release of robust US jobs data. The US dollar index, measuring the relative strength of the greenback versus six major currencies advanced close to fresh daily highs at 93.92 levels, recording a 0.21% gain on the day.NZD/USD Technical Levels To the upside, the next resistance is located at 0.7439 and above which it could extend gains to 0.7454 levels. To the downside, immediate support might be located at 0.7340 levels and below that at 0.7300 levelsOctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 06,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 6, 2015 Author Report Share Posted February 6, 2015 Natural gas recovers from 2-1/2 year lowsFXStreet (Mumbai) - Natural Gas prices on NYMEX rebounded today after falling to fresh two and a half year lows in the US last session amid abundant supplies as reflected by the Energy Information Administration (EIA) data.Trades above USD 2.60/mmBtu The futures currently trade 0.52% higher at USD 2.614/mmBtu. Prices hit a 2-1/2 year low of USD 2.578/mmBtu in the previous session after EIA showed stockpiles fell less than expected last week. Inventories sit at 2.4 trillion cubic feet, up 24% from a year ago and just 1.2% below the five-year average. The rebound in prices is seen on a short-covering rally after the recent slump in prices. However, the markets now bet on forecasts of near-normal weather which may continue to drag natural gas prices down. Natural Gas Technical Levels The immediate support is seen at 2.575 (Aug 2012 low), under which losses could be extended to 2.408 (Sept 2009 low). Meanwhile, resistance is seen at 2.63 and 2.69 levelsOctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 06,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 GBP/USD drops near 1.5200FXStreet (Edinburgh) - After a brief dip to the vicinity of the 1.5200 handle, GBP/USD recovered the 1.5220 area although it remains in the red territory.GBP/USD eroding gains Spot is giving away part of last weeks important upside above the 1.5200 mark, bolstered by the steadiness around the BoE and a positive PMI from the Services sector in the UK. However, the pair will remain in the spotlight ahead of the critical BoEs Quarterly Inflation Report due on Thursday and less relevant industrial and manufacturing releases on Tuesday. From the positioning space, speculative GBP net shorts were trimmed a tad in the week ended on February 3rd, pointing to an extension of the consolidative pattern seen in the last weeks.GBP/USD relevant levels The pair is now losing 0.11% at 1.5219 and a breakdown of 1.5200 (psychological level) would open the door to 1.5170 (low Feb.5) and then 1.5169 (10-d MA). On the flip side, the next hurdle lines up at 1.5295 (40-d MA) followed by 1.5353 (high Feb.6) and then 1.5355 (high Jan.5).OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 06,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 Russia to refrain from FX intervention TradeTheNewsFXStreet (Barcelona) - The TradeTheNews Team shares CBRs Governors comments that the Bank of Russia would let markets define an exchange rate and stay from any FX intervention until RUB threatens stability.Key Quotes Russia Central Bank (CBR) Gov Nabiullina reiterated to let market define exchange rate and would not impose capital controls; Rate hike was not inevitable on CPI.She reiterated view that inflation to peak in Q2. Bank of Russia buys gold to provide ruble liquidity and would not intervene in FX unless the RUB currency threatened stability. Rate outlook depended on risks to economy and prices.OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 EUR/AUD falls to fresh lows, fast approaching 200-DMAFXStreet (Mumbai) - The shared currency erased previous gains and edged lower versus the Australian dollar as the Euro trades volatile amid escalating Greece worries, while the Aussie rebounds from China data back slump.Hovers above 1.4480 levels Currently, the EUR/AUD cross trades at 1.4487 levels, losing -0.18% on the day, close to fresh daily highs posted at 1.4480 levels few minutes ago. The cross traded lower largely on Aussie strength which continues its recovery after a slump in Chinese imports dragged the pair lower in the Asian session. The cross remains pressured as market participants await this week's Euro group meeting and the European Union summit that may ease the Greek situation At the moment, the AUD/USD pair trades at 0.7809, up 0.13% on the day. While EUR/USD trades flat at 1.1312 levels.EUR/AUD Technical Levels The pair has an immediate resistance at 1.4550 levels, above which gains could be extended to 1.4610 levels. On the flip side, support is seen at 1.4470 levels, from here it to 1.4420 levels.OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 More easing expected in China, growth to tick lover Deutsche BankFXStreet (Edinburgh) - Economists at the German lender Deutsche Bank expect the Chinese growth to slow its pace in H1 and the PBoC to ease further in the upcoming periods.Key Quotes The RRR cut is broadly in line with our expectation, though it happened one month earlier than we expected. We reiterate our view that the economic growth will surprise on the downside in H1. We cut our GDP forecast for Q1 to 6.8% on January 5 (consensus 7.2%), as the economy faces a "double whammy" due to property slowdown and a fiscal slide. We expect more easing measures to come. We continue to expect another RRR cut of 50bp in Q2. We also continue to expect two interest rate cuts, but we revise our call on timing, and expect the two cuts to happen in March and Q2, instead of Q2 and Q3. The RRR cut likely releases liquidity of RMB640bn into the bank sector. We think the impact on the real economy is positive but it is not enough to stabilize the economy, as it helps to raise loan supply but loan demand may remain weak. We expect the fiscal stance to loosen in coming months, with central government fiscal spending picking up and quasi-fiscal spending through policy banks rising. If such fiscal policy loosening does not materialize, we see downside risks to our GDP forecast of 7% for 2015.OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 OPEC cuts non-OPEC oil supply forecastFXStreet (Mumbai) - The Organization of Petroleum Exporting Countries (OPEC) lowered its estimate for non-OPEC supply growth in 2015 as US drillers are expected to pump less oil after the collapse in oil price. The group lowered its estimate for non-OPEC supply growth by about 400,000 barrels a day, led by a reduction of 130,000 a day in the US. Supply estimates for Colombia, Canada and Yemen were also trimmed. The main factors for the lower growth prediction in 2015 are price expectations, a declining number of active rigs in North America, a decrease in drilling permits in the US and a reduction in the 2015 spending plans of international oil companies, OPECs Vienna-based research department said in its monthly market report.US supply estimates The supply from the US will increase 820,000 barrels a day in 2015 to 13.64 million a day, which is the half of the gain recorded in 2014. The estimate for total non-OPEC supply growth in 2015 was cut by 420,000 to 850,000 a day. The group expects the Global oil demand will increase by 1.17 million barrels a day, or 1.3%, in 2015 to 92.32 million barrels a dayOctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 IMM Net Speculators Positioning - RabobankFXStreet (Barcelona) - The Rabobank Team reviews the IMM Net Speculators positioning data as at 03 February 2014, noting that EUR and AUD net shorts increased while JPY, CHF and GBP shorts edged lower, with USD long positions consolidating near its highs.Key Quotes Long USD positions consolidated at their current very high levels in the approach to last weeks US January labour report. Meanwhile EUR shorts increased even further though they are still below their June 2012 highs. When the SNB stepped away from its EUR/CHF 1.20 floor in mid-January one large EUR buyer was removed from the market. In addition, ECB QE confirmation and Greek political concerns have undermined the EUR. Net JPY shorts dropped for a third week and are now substantially below last months highs. Geopolitical worries and concerns over world growth have tempered the bears and increased demand for the yen as a safe haven. Net GBP shorts edged lower. Pre-election uncertainty remains a negative sterling factor. However, signs that UK consumption is being lifted by lower food and energy prices could lend a little support as could the fact that UK assets still offer some yield. AUD net shorts increased to their highest level since Jan 2013 after the RBA cut interest rates. Net CAD rose again, oil prices remain a dominating factor. CHF net shorts dropped again following last months SNBs surprise policy decision.OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 Technical outlook for treasuries RBSFXStreet (Barcelona) - Analysts at RBS comment on the bond market and give the technical outlook for 2s, 5s and 10s treasuries.Key Quotes Treasuries have rebounded along with Bunds overnight as Greek exit fears persist along with worries about China (trade data was weaker than expected) and Ukraine developments. Greek 3yrs yield ~21.5% this morning, up 340bp on the day." Our overnight US rates flows saw better buying on balance with overseas real$ accounts buying 5's through 10's against selling in 30yrs. Overnight inter-dealer Treasury volume (4pm to 6am) was 160% of the 10-day average volume for the overnight session. 2s (0.624%) Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is bearish. 5s (1.44%) Next major support comes in at 1.80% and just above. Nearby resistance lines up at ~1.155%. Daily momentum is bearish. 10s (1.90%)Next major resistance comes in at ~1.60%, the May 2013 'lows'. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bearish.OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 Technical outlook for treasuries RBSFXStreet (Barcelona) - Analysts at RBS comment on the bond market and give the technical outlook for 2s, 5s and 10s treasuries.Key Quotes Treasuries have rebounded along with Bunds overnight as Greek exit fears persist along with worries about China (trade data was weaker than expected) and Ukraine developments. Greek 3yrs yield ~21.5% this morning, up 340bp on the day." Our overnight US rates flows saw better buying on balance with overseas real$ accounts buying 5's through 10's against selling in 30yrs. Overnight inter-dealer Treasury volume (4pm to 6am) was 160% of the 10-day average volume for the overnight session. 2s (0.624%) Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is bearish. 5s (1.44%) Next major support comes in at 1.80% and just above. Nearby resistance lines up at ~1.155%. Daily momentum is bearish. 10s (1.90%)Next major resistance comes in at ~1.60%, the May 2013 'lows'. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bearish.OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 9, 2015 Author Report Share Posted February 9, 2015 Technical outlook for treasuries RBSFXStreet (Barcelona) - Analysts at RBS comment on the bond market and give the technical outlook for 2s, 5s and 10s treasuries.Key Quotes Treasuries have rebounded along with Bunds overnight as Greek exit fears persist along with worries about China (trade data was weaker than expected) and Ukraine developments. Greek 3yrs yield ~21.5% this morning, up 340bp on the day." Our overnight US rates flows saw better buying on balance with overseas real$ accounts buying 5's through 10's against selling in 30yrs. Overnight inter-dealer Treasury volume (4pm to 6am) was 160% of the 10-day average volume for the overnight session. 2s (0.624%) Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is bearish. 5s (1.44%) Next major support comes in at 1.80% and just above. Nearby resistance lines up at ~1.155%. Daily momentum is bearish. 10s (1.90%)Next major resistance comes in at ~1.60%, the May 2013 'lows'. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bearish.OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 09,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted February 10, 2015 Author Report Share Posted February 10, 2015 GBP/USD: faltering at 55 DMA - CBFXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted the technical conditions surrounding GBP/USD.Key Quotes: "GBP/USDs break of 7 month downtrend was not sustained and the market appears to be faltering at the 55 day ma at 1.5391." "We note the Elliott wave count on the daily is suggesting that this is already the end of the correction higher." "Loss of the 20 day ma at 1.5144 should trigger a slide back to the 1.4953 recent low and the 1.4813 2013 low."OctaFX is nominated for the Best Broker and Most Reliable Broker titles in the year 2014. Vote for OctaFX in the 2014 FX Empire Awards! OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official pageFeb 10,2015 OctaFX.Com News Updates Quote N Farid, OctaFx Support Team! [email protected] | +32 2792 4855 Link to comment Share on other sites More sharing options...
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