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United States Fed Interest Rate Decision: 0.25% (June 18) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 18, 2014 OctaFX.Com News Updates

NZD/USD hit fresh highs before FOMC FXStreet (Córdoba) - The NZD/USD rose further after Wall Street opening and climbed to 0.8688, hitting the strongest level in two days. The pair holds near the highs ahead of the FOMC statement, to be released in a few minutes. The Kiwi is among the best performers on Wednesday and is rising across the board. NZD/USD approaches 0.8700 During the last days the pair has been trading in a range below 0.8700. The mentioned level is an important resistance that capped the rally from 0.8410. If it breaks above 0.8700 it would be trading at 6-week highs. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 18, 2014 OctaFX.Com News Updates

AUD/USD quiet, in a 20 pips range FXStreet (Córdoba) - The AUD/USD climbed to 0.9347 after Wall Street opening, hitting a fresh daily high and currently trades at 0.9338, marginally higher for the day. The currency market remains calm and quiet, with low volatility ahead of the FOMC statement. The Aussie is rising against the US dollar but is moving in a small trading range between 0.9330 and 0.9345, consolidating after losing more than 60 pips on Tuesday. AUD/USD holds despite weak AUD The Australian Dollar is among the worst performers on Wednesday so far but a falling Greenback is giving support to the AUD/USD. Against the Kiwi is trading at the lowest level in 4-weeks; the AUD/NZD broke below 1.0770 and tumbled to 1.0755. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 18, 2014 OctaFX.Com News Updates

USD/CAD holds above 1.0855 ahead of the FED FXStreet (Córdoba) - The USD/CAD remains quiet on Wednesday, as investors await for the FOMC statement and Yellen’s press conference. The Loonie is falling modestly against the US dollar for the second day in a row, but trading remains limited. Currently the pair trades at 1.0866, up 0.06% for the day, moving in a range below 1.0875 and above 1.0855. USD/CAD technical outlook According to FX Analysts at TD Securities, the pair is picking up more support on the short term chart but the market remains essentially range-bound. “We look for a little more topside progress over the course of the session but we still have to think that near-term gains will struggle to push on through resistance in the high 1.08s for the moment”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 18, 2014 OctaFX.Com News Updates

Dovish BoE Minutes weigh on GBP/USD - FXStreet FXStreet (Barcelona) - As FXStreet Chief Analyst Valeria Bednarik points out, GBP/USD has lost some ground amid dovish BoE Minutes that have shown no change in the votes, down to 1.6931 on the day, but the pair is back at 1.6950 currently. Key quotes "The hourly chart shows a mild bearish tone, as per price holding below its 20 SMA and indicators in negative territory, while the 4 hours chart shows indicators turning also lower around their midlines." "Price has stood above post Carney’s wording on rate hikes high, so the upside continues to be favored, with a break above 1.7000 still required to confirm a new leg up." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 18, 2014 OctaFX.Com News Updates

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EUR/USD biased lower - Scotiabank FXStreet (Córdoba) - According to Camilla Sutton, analyst at Scotiabank, the EUR/USD is biased lower and expects this week’s range to fall within 1.3477 and 1.3602 (the February 3rd low to last Monday’s high). Key Quotes “After trading briefly to a one week high, EUR is soft entering the NA session, as the ZEW (investor sentiment) outlook component dropped unexpectedly to a one year low”. “EUR/USD short‐term technicals: mixed—technicals are mixed with most signals warning of a range bound environment”. “Support lies at yesterday’s low of 1.3513, while resistance lies at the high from June 10th of 1.3602”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

EUR/USD biased lower - Scotiabank FXStreet (Córdoba) - According to Camilla Sutton, analyst at Scotiabank, the EUR/USD is biased lower and expects this week’s range to fall within 1.3477 and 1.3602 (the February 3rd low to last Monday’s high). Key Quotes “After trading briefly to a one week high, EUR is soft entering the NA session, as the ZEW (investor sentiment) outlook component dropped unexpectedly to a one year low”. “EUR/USD short‐term technicals: mixed—technicals are mixed with most signals warning of a range bound environment”. “Support lies at yesterday’s low of 1.3513, while resistance lies at the high from June 10th of 1.3602”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

Dollar strength sends USD/JPY back above 102.00 - FXStreet FXStreet (Barcelona) - As FXStreet Chief Analyst Valeria Bednarik remarks, post-CPI dollar strength sent USD/JPY back above the 102.00 figure, with the hourly chart showing price advanced up to its 200 SMA where it halted. Key quotes “The hourly chart shows a strong upward momentum coming from technical readings, albeit this area has proved tough over the last few days.” “In the 4 hours chart technical readings present a mild positive tone, yet some follow through past 102.35 is require to confirm a stronger advance in the short term. ” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

USD/JPY trading at weekly high FXStreet (London) - Following better than expected US CPI data, USD/JPY has pushed on to post a weekly high at 102.23. USD/JPY led higher by US inflation data While the main act this week is undoubtedly the FOMC meet tomorrow, US CPI numbers led the way this afternoon, coming in better than expected YoY CPI bettering expectations at 2.1%/2% and MoM 0.4%/0.2%. CPI ex Food and Energy also beat expectations too. However, both Housing Starts and Building permits missed forecasts and declined on previous. The pair had had a choppy start to the days trading, climbing to post an overnight high at 102.02 before retracing into a range throughout the European session. However, US data gave the pair the impetus to crack on higher to post a high at 102.23. Dating back to June 12th, the pair has faced resistance just above the 102 mark, but managed to get its head above the June 12th and 13th highs at 102.14. Spot has edged back from highs and is finding support at the 1H 200 SMA at 102.20. USD/JPY Technicals USD/JPY is up 0.36% on the day at 102.19, having previously posted a daily high at 102.26 and a low at 101.81. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. Meanwhile, daily RSI is in neutral territory at 45.59. Hourly 2-Standard Deviation Volatility Bandwidth is currently 38 pips, and has been expanding, while the ATR (14) is currently 6 pips. On a daily chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 152 pips. USD/JPY Levels Current price is 102.20, with resistance ahead at 102.22 (Daily 100 SMA), 102.26 (Daily High), 102.28 (Daily Classic R2), 102.35 (Weekly High) and 102.46 (Daily Classic R3). To the downside we see next support at 102.19 (Hourly 200 SMA), 102.11 (Yesterday's High), 102.10 (Weekly Classic PP), 102.08 (Daily 20 SMA) and 102.06 (Daily Classic R1). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

Bumpy ride for GBP/USD on US and UK inflation numbers FXStreet (London) - GBP/USD has seen a choppy day of trading, first declining on weaker-than-expected UK inflation numbers before recovering, followed by a second decline on higher US inflation numbers. More space for loose BoE policy The Office for National Statistics reported that consumer prices index-measured inflation (CPI) grew by 1.5 percent in the year to May 2014, down from 1.8 percent in April. Prices rose less than the consensus expectation of a 1.7 percent gain year-on-year. Sterling fell sharply against its peers on the assumption that the benign inflation data would give the Bank of England room to leave rates low for longer, despite the conspicuously more hawkish tone adopted by BoE governor Mark Carney and deputy governor Charlie Bean in recent comments According to the ONS, falls in transport services costs, notably air fares, provided the largest contribution to the decrease in the rate. Other large downward effects came from the food & non-alcoholic drinks and clothing sectors. The largest offsetting upward effects came from motor fuels and recreation & culture. The weaker UK inflation helped to buck a four-day rally in GBP/USD after it climbed to a multi-year highs, breaking through USD1.700 for the first time since 2009. Data checks GBP gains The pair recovered through the morning session but declined again on stronger-than-expected US inflation numbers. Stronger US inflation numbers The US Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in May on a seasonally adjusted basis. Year-on-year, the all items index increased 2.1 percent before seasonal adjustment. The BLS reported that the seasonally adjusted increase in the all items index, which was the largest since February 2013, was broad-based. The indexes for shelter, electricity, food, airline fares, and gasoline were among those that contributed. The food index posted its largest increase since August 2011, with the index for food at home rising 0.7 percent. The increases in the electricity and gasoline indexes led to a 0.9 percent rise in the energy index. GBP/USD is currently trading at USD1.6964, hitting a session-low of USD1.6941 on the UK inflation numbers before testing resistance at USD1.6950 on US data. The pair is currently down 0.09 percent on the session. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

USD/JPY jumps after US CPI FXStreet (Córdoba) - The USD/JPY jumped and hit fresh daily highs at the beginning of the American session after data showed US consumer inflation rose at a faster pace in May. US consumer inflation index rose 2.1% YoY in May, while core CPI hit 2.0%, matching the Fed target. On the other hand, housing starts dropped more than expected, leaving room for the Fed to continue withdrawing monetary stimulus at at a moderate pace. As for the USD/JPY, the pair climbed back above 102.00 as the greenback gains on the data, hitting a 6-day peak of 102.18 before slowing. At time of writing, the USD/JPY is trading at the 102.15 zone, recording a 0.32% gain Tuesday. USD/JPY technical levels In terms of technical levels, the USD/JPY could find next resistances at 102.20 (100-day SMA), 102.38 (Jun 11 high) and 102.56 (Jun 10 high). On the flip side, supports are seen at 101.80 (Jun 17 lowl), 101.60 (Jun 12 low) and 101.54 (200-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

USD/JPY jumps after US CPI FXStreet (Córdoba) - The USD/JPY jumped and hit fresh daily highs at the beginning of the American session after data showed US consumer inflation rose at a faster pace in May. US consumer inflation index rose 2.1% YoY in May, while core CPI hit 2.0%, matching the Fed target. On the other hand, housing starts dropped more than expected, leaving room for the Fed to continue withdrawing monetary stimulus at at a moderate pace. As for the USD/JPY, the pair climbed back above 102.00 as the greenback gains on the data, hitting a 6-day peak of 102.18 before slowing. At time of writing, the USD/JPY is trading at the 102.15 zone, recording a 0.32% gain Tuesday. USD/JPY technical levels In terms of technical levels, the USD/JPY could find next resistances at 102.20 (100-day SMA), 102.38 (Jun 11 high) and 102.56 (Jun 10 high). On the flip side, supports are seen at 101.80 (Jun 17 lowl), 101.60 (Jun 12 low) and 101.54 (200-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

United States Redbook index (YoY) rose from previous 3.3% to 3.5% in June 13 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 17, 2014 OctaFX.Com News Updates

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United States NAHB Housing Market Index came in at 49, above forecasts (47) in June Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 16, 2014 OctaFX.Com News Updates

USD/JPY uninspired by US data FXStreet (Córdoba) - The USD/JPY edged a tad higher but remained down on the day after data showed US industrial production grew slightly above expectations in May. US industrial production rose 0.6% in May after falling 0.3% in April, surpassing forecast of a 0.5% increase, while capacity utilization rose to 79.1 from a revised 78.9 in April. The USD/JPY climbed a few pips after the data, which hardly classifies as a recovery, but lacked momentum. At time of writing, the USD/JPY is trading at the 101.85 zone, still down 0.2% on the day. USD/JPY technical outlook Valeria Bednarik, chief analyst at FXStreet notes the USD/JPY maintains a short-term bearish tone. “Nevertheless, the pair is seeing little action this Monday, finding short term support around 101.70”, said the analyst. “Some follow through either below 101.70 or above 102.35 is required to confirm some directional move in the pair”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 16, 2014 OctaFX.Com News Updates

United States Industrial Production (MoM) registered at 0.6% above expectations (0.5%) in May Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 16, 2014 OctaFX.Com News Updates

United States Total Net TIC Flows up to $136.8B in April from previous $-122.3B Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 16, 2014 OctaFX.Com News Updates

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Session recap: consolidation mode at end of a dramatic week for GBP FXStreet (Guatemala) - Markets were somewhat in consolidation mode at the end of the week and the session has been somewhat sleepy, with World Cup distractions no doubt! We prepare now for the week ahead and the FOMC, focusing o the yield differentials, but meanwhile: EUR/USD remained pretty steady after slipping to the lows of 1.3520 in sleepy markets bar some of the short covering up to 1.3540. Markets attention will likely revert back to the interest yields ahead of the FOMC next week although today’s upset for the EZ from Italy in respect of short falls in bank capital is a reminder of the euro crisis in the background. USD/JPY was a non-event and very quiet post yesterday’s gains. GBP/USD was in consolidation mode after the bulls took the pair higher on Carney’s hawkish speech yesterday which gave the sense that a rate hike is coming sooner than we had been expecting. 1.7000 is a number that the bulls see as a relatively easy task ahead as move into next week while the range today has been between a cool 30 pips around the middle of the handle. Key Events: US producer price fall University of Michigan consumer sentiment disappointed Canadian manufacturing sales were weaker than expected Meanwhile, Spain lost 5-1 to the Netherlands – just saying! Have a good weekend. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 14, 2014 OctaFX.Com News Updates

Policy rate cut limits MXN appreciation potential - UBS FXStreet (Córdoba) - The UBS analyst team observes that the recent policy rate cut by the Mexican Central Bank limits the appreciation potential of the Mexican peso (MXN). Key Quotes "The recent policy rate cut by the Mexican central bank limits the appreciation potential of the Mexican peso, in our view". "Meanwhile, faster growth and inflows from foreign direct investments, triggered by the implementation of recently approved reforms, are expected to remain supportive factors". "Still, we trim our benign view on the Mexican peso somewhat and therefore revise our three, six and 12-month forecasts to 12.9, 12.9 and 12.7, respectively, from 12.7, 12.7 and 12.5 previously". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 13, 2014 OctaFX.Com News Updates

Poland M3 Money Supply (YoY) fell from previous 5.4% to 5.3% in May Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 13, 2014 OctaFX.Com News Updates

United States Producer Price Index ex Food & Energy (YoY) came in at 2%, below expectations (2.3%) in May Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 13, 2014 OctaFX.Com News Updates

United Kingdom CB Leading Economic Index increased to 0.5% in April from previous 0.3% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 13, 2014 OctaFX.Com News Updates