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USD/JPY stuck around 102.00 - FXStreet FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik notes that USD/JPY remains stuck around the 102.00 level, having been unable to move anywhere far over the last 24 hours. Key quotes “The hourly chart shows 100 SMA crossing to the downside 200 one both above current price, while indicators head lower in neutral territory.” “In the 4 hours chart a mild bearish tone prevails, albeit showing no directional strength, as indicators stand flat in negative territory.” “Break below 101.70 is now required to confirm a leg lower, eyeing the 101.20/30 price zone.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 12, 2014 OctaFX.Com News Updates

United States EIA Natural Gas Storage change below expectations (111B) in June 6: Actual (107B) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 12, 2014 OctaFX.Com News Updates

United States Business Inventories above expectations (0.4%) in April: Actual (0.6%) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 12, 2014 OctaFX.Com News Updates

India Industrial Output rose from previous -0.5% to 3.4% in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 12, 2014 OctaFX.Com News Updates

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AUD/USD fails to hold above 0.9400 FXStreet (Córdoba) - The AUD/USD made an appearance above 0.9400 at the beginning of the American session but failed to sustain gains for long and pulled back slightly. The AUD/USD briefly rose above the 0.9400 mark and scored a fresh 1-month peak of 0.9405 before sliding back to the 0.9385 zone, where it holds onto a 0.14% gain on the day. The AUD/USD has risen 6 out of the 8 trading days of June, printing higher highs on daily basis, helped by carry trades flows. AUD/USD technical perspective Valeria Bednarik, chief analyst at FXStreet notes that short-term technical indicators are losing their bullish strength, but she notes that “only below 0.9360 the pair will come under some selling pressure, while steady gains above 0.9400 are required to confirm an advance up to 0.9460 this year high”. Bednarik locates next resistance levels at 0.9390, 0.9430 and 0.9460, while supports are seen at 0.9360 0.9325 0.9290. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 11, 2014 OctaFX.Com News Updates

GBP/USD rally stalls a few pips below 1.6800 - FXStreet FXStreet (Barcelona) - As FXStreet Chief Analyst Valeria Bednarik observes, the GBP/USD rally stalled a few pips below the 1.6800 figure after better than expected UK employment reading gave Pound a lift across the board. Key quotes “The hourly chart shows the strong upward momentum prevails as per indicators heading north above their midlines, and price steady above a mild bullish 20 SMA currently around 1.6750.” “In the 4 hours chart price was unable to extend beyond its moving averages 20 SMA and 200 EMA, both converging in the 1.6790 price zone while indicators lost upward strength around their midlines. ” “Critical resistance stands around 1.6820, yesterday’s high and the daily descendant trend line coming from this year high. Only above this level the pair will be able to extend its rally, looking then for a test of 1.6860 price zone.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 11, 2014 OctaFX.Com News Updates

EUR/USD unable to attract buyers limited below 1.3570/80 price zone - FXStreet FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik EUR/USD remarks that EUR/USD bounced some after posting a daily low of 1.3521, still unable to attract buyers limited below 1.3570/80 price zone, former lows and immediate resistance. Key quotes “The hourly chart shows price above its 20 SMA but indicators turning flat around their midlines, loosing early upward momentum.” “In the 4 hours chart indicators aim slightly higher from oversold levels, supporting current upward corrective movement, albeit 20 SMA maintains a strong bearish slope, offering dynamic resistance also around 1.3580.” “With no much news to move the pair, market players are keeping their eyes on yields differentials and stocks, the first shrinking the second falling.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 11, 2014 OctaFX.Com News Updates

United States EIA Crude Oil Stocks change came in at -2.596M below forecasts (-1.3M) in June 6 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 11, 2014 OctaFX.Com News Updates

US Treasury Secretary: Pace of US economic recovery too slow FXStreet (Barcelona) - In a speech delivered before the New York Economic Club US Treasury Secretary Jack Lew said that the US economy was improving but that the pace of economic growth was still unsatisfactory and that unemployment remained excessively elevated. "The ultimate test for all of us will be how inclusive tomorrow’s economy becomes and how widely our economic gains flow," he said. "The crisis we face today is the need to make sure the economy is expanding fast enough to support a growing middle class." Lew urged employers to give long-term unemployed a fair chance. Furthermore, he stressed the need for an increase in infrastructure spending and for an overhaul of the tax code. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 11, 2014 OctaFX.Com News Updates

US Treasury Secretary: Pace of US economic recovery too slow FXStreet (Barcelona) - In a speech delivered before the New York Economic Club US Treasury Secretary Jack Lew said that the US economy was improving but that the pace of economic growth was still unsatisfactory and that unemployment remained excessively elevated. "The ultimate test for all of us will be how inclusive tomorrow’s economy becomes and how widely our economic gains flow," he said. "The crisis we face today is the need to make sure the economy is expanding fast enough to support a growing middle class." Lew urged employers to give long-term unemployed a fair chance. Furthermore, he stressed the need for an increase in infrastructure spending and for an overhaul of the tax code. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 11, 2014 OctaFX.Com News Updates

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USD/JPY holds support at 102.20 FXStreet (Córdoba) - The USD/JPY bounced off lows and reached fresh session highs following the release of better-than-expected US wholesale inventories. The USD/JPY found support once again at the 102.20 area, which has already contained the downside during the European morning, and turned north, climbing to a session high of 102.41. At time of writing, the pair is trading at the 102.35 area, still 0.17% below its opening price. USD/JPY technical outlook Valeria Bednarik, chief analyst at FXStreet notes that the USD/JPY holds a slightly negative tone. “Below 102.05, the pair can extend its slide down to 101.70, while below this latter, bears will take full control”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 10, 2014 OctaFX.Com News Updates

EUR/USD under pressure amid lack of market moving data - FXStreet FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik points out that investors concentrate currently on bond markets, as after the last ECB meeting local yields can’t stop falling, some paying even less that US ones, currently rising near 2.5%, while the EUR/USD remains under pressure, trading at its lowest level in three days. Key quotes “The hourly chart shows a strong bearish acceleration sent indicators to oversold levels where it stand, while 20 SMA gain a strong bearish slope offering now resistance around critical 1.3570 price zone.” “The 4 hours chart shows also a strong bearish momentum, with indicators finally moving away from neutral readings." "1.3520 comes as immediate support, and once broken, the pair has room to extend down to 1.3476, this year low.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 10, 2014 OctaFX.Com News Updates

EUR/USD recovery capped by 1.3560 FXStreet (Córdoba) - After the latest recovery attempt was capped by the 1.3560 area, the EUR/USD is back headed south following better-than-expected US wholesale data. US wholesale inventories rose 1.1% in April, while wholesale sales climbed 1.3%, the Commerce Department reported Tuesday. The EUR/USD dropped back below 1.3550 and it is currently trading at 1.3545, recording a 0.35% loss on the day. EUR/USD outlook Valeria Bednarik, chief analyst at FXStreet notes that US-Eurozone yield spreads are weighing on the EUR/USD in absence of economic data. “The 4 hours chart shows a strong bearish momentum, with indicators finally moving away from neutral readings. 1.3520 comes as immediate support, and once broken, the pair has room to extend down to 1.3476, YTD low”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 10, 2014 OctaFX.Com News Updates

USD/CAD deflates from highs FXStreet (Edinburgh) - The USD-rally is now losing vigour, dragging the USD/CAD to test the critical 1.0900 handle after hitting session tops near 1.0920. USD/CAD capped by 1.0960 Spot continues to correct lower from recent peaks around 1.0960 bolstered by better risk sentiment, although the greenback seems to be recovering from recent pullbacks. “We still view the broader trend here as positive, however, and still prefer to look for opportunities to buy USDs. USDCAD has struggled to push back through the 40-day MA in the past few weeks so an extension through the low 1.09s and a firm close is a basic pre-requisite for a more positive, short-term view of the market”, observed Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD levels to consider As of writing the pair is up 0.01% with the next hurdle at 1.0.962 (high Jun.5) ahead of 1.1001 (21-w MA) and finally 1.1007 (high May 2). On the downside, a break below 1.0875 (low Jun.9) would expose 1.0814 (low May 8) and then 1.0762 (low Jan.8). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 10, 2014 OctaFX.Com News Updates

Euro wakes up from lethargic range – FXStreet FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik suggests that even though the European calendar is light today, earlier remarks from Angela Merkel on the fragility of the recovery in the area and ECB policymakers' comments on the easing measures caused the euro to wake up from its lethargic range, breaking lower and reaching 1.3556. Key quotes “Nevertheless, the technical picture shows an increase in the bearish potential, with indicators finally detaching from their midlines and accelerating south, while the slide extends below moving averages. ” “Pressuring daily lows, immediate short term support stands in the 1.3520/30 price zone, followed by 1.3476, this year low. Large stops should lay under it and if triggered, the selloff will likely extend over the upcoming days.” “To the upside now, 1.3600 figure stands as immediate resistance, with a break above it pointing for a recovery up to 1.3640 price zone, albeit hardly seen at this point.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 10, 2014 OctaFX.Com News Updates

GBP/USD offered sub-1.6841 – Commerzbank FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, expects the bearish tone to prevail while capped by 1.6841. Key Quotes “GBP/USD has reacted higher, tested the 5 week downtrend, drawn from the 1.6996 May peak. This is located at 1.6841 today and while capped here the market is directly offered”. “The rally is viewed as a return to point of break down, but we need to see some follow through selling in the next few days to confirm that view”. “Slightly longer term, we continue to believe that the market has topped at 1.70. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 10, 2014 OctaFX.Com News Updates

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EUR/USD to regain recent uptrend? – ANZ FXStreet (Guatemala) - Tim Riddell, Head of Global Markets Research, explained the recent slippage below 1.3775 in EUR/USD has increased the possibility that a medium-term cycle has completed on the virtual test of 1.4000. Key Quotes: “This does not necessarily mean a collapse, but more likely a corrective pullback over coming months”. “Although a distinct wedge-like pattern has been broken, confirmation of the potential pullbacks towards 1.3250 (or even 1.3015) would only be gained on a weekly close below 1.3475”. “As noted, the expected profile is one of corrective pullbacks and so it is highly likely that there will be periods of sharp squeezes to threaten - but fail - to regain the recent uptrend”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 07, 2014 OctaFX.Com News Updates

Have a good weekend, it’s been a dull one – Societe Generale FXStreet (Córdoba) - On a low volatility American session, the US dollar consolidate modest daily gains, trimming part of yesterday's losses. The US employment report generated little impact among currencies: Greenback initially fell but then rebounded strongly. Over the week the best performers were the Pound and the Australian Dollar. The GBP/USD ended the week above 1.6800, rebounding from 1.6700 while the AUD/USD, supported by 0.9200, was able to climbed back above 0.9300. The Euro and the Swiss Franc surged on Thursday and consolidate on Friday, to end the week little changed. The EUR/USD ended hovering around 1.3640, at the same level it had a week ago, but far from Thursday’s lows that lie at 1.3502. The Kiwi and the Aussie were supported by risk appetite and managed to closed the week with gains but still facing some downside pressure ahead of the RBNZ meeting and the Australian employment report. Main headlines in the American session USD/JPY giving us a bullish technical play Wall Street rallied for third day GBP/JPY post highest weekly close in a month GBP/USD sustained uptrend in place EUR/USD steady around 1.3635 NZD/USD testing downside ahead of dovish RBNZ prospects OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 07, 2014 OctaFX.Com News Updates

Have a good weekend, it’s been a dull one – Societe Generale FXStreet (Guatemala) - Kit Jukes, Global Head of Currency Strategy at Societe Generale bids us a good weekend at the end of the week. Key Quotes: “My parting thought for the weekend after a 'meh' NFP that points to a better Q2 for the US economy than Q1, an uptrend in wage growth so gradual it makes a tortoise look energetic, and a pace of hours worked which is barely keeping up with GDP". "The US economy can generate enough jobs to keep the unemployment rate going down, but not enough to worry the Fed. The result is a a very risk-friendly environment as investors are forced to look for some kind of return, somewhere else. Mexico's response, taking the opportunity to cut rates by 50bp as money flows into their bond market, sums it up which entertained me, it shows the standard deviation of the last 24 monthly payroll changes, over the last 50-something year. Not only are we at less than half the average, but we are at an all-time low. Never has the first Friday of the month been so dull! And it's going to get even worse next month, when the first Friday is July the 4th”. “So, have a quiet one...” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 06, 2014 OctaFX.Com News Updates

GBP/USD bearish/neutral outlook - Scotiabank FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained GBP is ending the week having made gains and broken out of its tight range. Key Quotes: Data today included falling inflation expectations, rising interest rake hike expectations and a widening of the trade deficit; however as the market continues to digest ECB policy and anticipates nonfarm there was limited GBP reaction to the domestic side." "GBP/USD short‐term technicals: bearish but rapidly shifting towards a more neutral outlook. GBP’s ability to break through the topside of its range is encouraging for GBP bulls; however a significant catalyst, like a hawkish turn at the BoE, would be needed to see GBP break above its ytd high of 1.6996." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 06, 2014 OctaFX.Com News Updates

GBP/USD bearish/neutral outlook - Scotiabank FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained GBP is ending the week having made gains and broken out of its tight range. Key Quotes: Data today included falling inflation expectations, rising interest rake hike expectations and a widening of the trade deficit; however as the market continues to digest ECB policy and anticipates nonfarm there was limited GBP reaction to the domestic side." "GBP/USD short‐term technicals: bearish but rapidly shifting towards a more neutral outlook. GBP’s ability to break through the topside of its range is encouraging for GBP bulls; however a significant catalyst, like a hawkish turn at the BoE, would be needed to see GBP break above its ytd high of 1.6996." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 06, 2014 OctaFX.Com News Updates