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NZD/USD falls below 0.8600 FXStreet (Córdoba) - The NZD/USD is falling on Thursday and recently reached a fresh daily low at 0.8577. The Kiwi is among the worst performers so far and remains under pressure across the board. Yesterday the NZD/USD managed to finished far from the lows and recovered some weekly losses but the upside was short lived and after the Asian session resumed the downside. NZD/USD testing weekly lows Recent slide found support at the 0.8575/80 area, that also capped the downside yesterday. Spot is currently trading at 0.8589, down -0.38% on the day so far. Below 0.8575 the NZD/USD would be trading at the lowest level since April 4. Next support could be located at 0.8545 (April 2 low) and 0.8510/15 (April 3 low). On the upside, immediate resistance lies at 0.8610 (Asian session low) and above here at 0.8650 (daily high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17, 2014 OctaFX.Com News Updates

United States EIA Natural Gas Storage change came in at 24B disappointing forecasts (35B) in April 11 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17, 2014 OctaFX.Com News Updates

United States Initial Jobless Claims came in at 304 disappointing expectations (315K) in April 11 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17, 2014 OctaFX.Com News Updates

Potential for further GBP strength medium-term - Investec FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, sees the possibility of the GBP to keep the firm footing. Key Quotes "The major headline yesterday came on the UK’s unemployment release. The UK unemployment rate ticked under the 7.0% forward guidance threshold to 6.9%, meaning the Bank of England will now alter the focus of their policy stance towards eliminating spare capacity." "To put this into perspective, when Governor Carney assumed the helm last July, the BoE forecasted the unemployment rate to dip below 7% around the start of 2016, although their latest forecasts from February envisaged unemployment at 6.9% in Q1. Unemployment is now closing in on the BoE’s medium term estimate of unemployment of between 6-6.5%, meaning that that measure of slack is closing, although the new forward guidance means the BoE is now considering a range of indicators not just the unemployment rate." "Wage growth was also shown to have strengthened further in another positive sign that the economic recovery remains on track. GBPUSD shot up through 1.6800 and followed through overnight to print a four year high at 1.6837 and confirms the GBPUSD up-trend is still intact." "GBPEUR traded up through 1.2150 back to levels seen in early March before ECB President Draghi disappointed the market with inaction at the monthly policy meeting. With the pound still on a charge, any easing of policy by the ECB next month could likely see GBPEUR print new highs on the year." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17, 2014 OctaFX.Com News Updates

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United States EIA Crude Oil Stocks change beat expectations (1.3M) in April 11: Actual (10.013M) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16, 2014 OctaFX.Com News Updates

USD/JPY rallies on declining yen safety demand FXStreet (London) - USD/JPY has rallied through the session so far after data released overnight indicated that the Chinese economy slowed less than consensus expectations in the first quarter. The slower than expected deceleration in Chinese growth damped demand for yen safety. Official Chinese GDP data released overnight showed that growth had fallen to an 18-month low of 7.4 percent year-on-year in the first quarter. The 1.4 percent quarter-on-quarter growth represents the lowest level since the third quarter of 2010. Despite the weak numbers, Chinese growth held above consensus expectations of a slow down to 7.3 percent year-on-year. Japanese stimulus chatter In addition, against the recent yen strength as well as declining equity markets, speculation has mounted that the Bank of Japan is preparing to intervene with an expansion of its current stimulus measures to fight deflationary pressures. In testimony before the Japanese parliament, Bank of Japan governor Haruhiko Kuroda attempted to quash those rumours and played down the longer-term importance of recent stock market declines. Japanese deflation concerns have increased following the implementation of a sales tax hike earlier this month. The next BoJ meeting is on 30 April when the central bank will release its latest long-term economic forecasts. USD/JPY rallies through morning session USD/JPY is currently trading at JPY102.2850. The pair has consolidated between JPY102.18 and JPY102.3800 after steadily rallying through the morning session. The pair has gained 0.45 percent on the opening of JPY101.8515. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16, 2014 OctaFX.Com News Updates

USD/JPY rallies on declining yen safety demand FXStreet (London) - USD/JPY has rallied through the session so far after data released overnight indicated that the Chinese economy slowed less than consensus expectations in the first quarter. The slower than expected deceleration in Chinese growth damped demand for yen safety. Official Chinese GDP data released overnight showed that growth had fallen to an 18-month low of 7.4 percent year-on-year in the first quarter. The 1.4 percent quarter-on-quarter growth represents the lowest level since the third quarter of 2010. Despite the weak numbers, Chinese growth held above consensus expectations of a slow down to 7.3 percent year-on-year. Japanese stimulus chatter In addition, against the recent yen strength as well as declining equity markets, speculation has mounted that the Bank of Japan is preparing to intervene with an expansion of its current stimulus measures to fight deflationary pressures. In testimony before the Japanese parliament, Bank of Japan governor Haruhiko Kuroda attempted to quash those rumours and played down the longer-term importance of recent stock market declines. Japanese deflation concerns have increased following the implementation of a sales tax hike earlier this month. The next BoJ meeting is on 30 April when the central bank will release its latest long-term economic forecasts. USD/JPY rallies through morning session USD/JPY is currently trading at JPY102.2850. The pair has consolidated between JPY102.18 and JPY102.3800 after steadily rallying through the morning session. The pair has gained 0.45 percent on the opening of JPY101.8515. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16, 2014 OctaFX.Com News Updates

United States Industrial Production (MoM) came in at 0.7% to beat expectations (0.5%) in March Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16, 2014 OctaFX.Com News Updates

United States Capacity Utilization came in at 79.2% to beat forecasts (78.7%) in March Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16, 2014 OctaFX.Com News Updates

Switzerland ZEW Survey - Expectations came in at 7 disappointing forecasts (23) in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16, 2014 OctaFX.Com News Updates

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EUR/USD jumps to daily highs FXStreet (Córdoba) - The EUR/USD gathered pace and managed to extend its recovery during the New York session, reaching fresh daily highs as the greenback weakens across the board. The EUR/USD spiked to a high of 1.3832 as the dollar falls and stocks turn lower in Wall Street amid deteriorating market sentiment. At time of writing, the pair is trading at the 1.3825 a few pips above its opening price. EUR/USD technical levels In terms of technical levels, immediate resistances could be found at 1.3832 (Apr 15 high), 1.3862 (Apr 14 high) and 1.3882 (Friday's closing price). To the downside, supports are seen at 1.3794 (20-day SMA), 1.3768 (50-day SMA) and 1.3736 (Apr 8 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15, 2014 OctaFX.Com News Updates

EMEA EM Express: Ukraine begins "anti-terrorist" operation; central bank hikes rates to stop hryvnia decline FXStreet (Łódź) - The Ukrainian-Russian crisis remains in the spotlight on Tuesday as Kiev decided to kick off the “anti-terrorist” operation against pro-Russian demonstrators occupying government buildings in the eastern Donetsk region. According to recent reports Ukraine forces have surrounded the city of Slovyansk and attacked a military airfield controlled by pro-Russian militants. Ukraine's acting president Oleksandr Turchynov told the parliament today that Moscow is not only targeting the Donetsk region but wants “the whole south and east of Ukraine to be engulfed by fire." He added that the aim of the operation in progress is to “defend the citizens of Ukraine, to stop terror, stop crime and stop attempts to tear our country into pieces." The Kremlin said on Tuesday that there were no Russian forces in eastern Ukraine and that Kiev's allegations were “absurd.” Meanwhile, the head of Gazprom Alexei Miller released a statement in which he assured the EU Energy Commissioner Guenther Oettinger that the transit of gas to Europe would continue without disruptions. Fears of further sanctions and an escalation of the conflict with Ukraine sent Russia's Micex index down by nearly 2% on Monday. On Tuesday it fell by 1.3%. The index has already dropped by more than 10% since the beginning of the year. In Ukraine, the central bank decided late Monday to hike its benchmark interest rate from to 9.5% from 6.5% to halt the sharp drop in the hryvnia seen since the beginning of the year. The overnight loan rate was also increased: to 14.5% from 7.5%. The currency reacted by jumping over 8% against the dollar on Tuesday, although the increase might be just short-term. Economic data Polish March CPI data, published on Tuesday showed a 0.1% increase month-on-month following +0.1% in February and slightly below forecasts of a 0.2% rise. On an annual basis inflation continued growing at a 0.7% pace, as expected Also on Tuesday TurkStat revealed that Turkey's The 3mth Jobless Average edged up further to 10.1% in January from 10% in December, the highest level seen since March 2013. Turkish budget surplus of TRY 1.67B recorded in January shifted to a deficit of TRY -5.10B in February. Technicals On Tuesday the Russian ruble was fairly unmoved against the central bank’s target basket of dollars and euros at 42.1805. USD/RUB rose by 0.45% at 36.1422. On Monday the USD/RUB daily FXStreet Trend Index was slightly bullish, and the OB/OS Index neutral. RSI was at 56 at the last close and slid to 43 so far today. The Daily 2-StDev Volatility Bandwidth was shrinking at 3680 pips, with ATR (14) shrinking at 3639 pips. The 1D 200 SMA was at 33.5557, while the 1D 20 EMA was at 35.7026. Ukraine's hryvnia surged 8.1% to 12.59 at midday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15, 2014 OctaFX.Com News Updates

Fed's Yellen: FOMC considering additional measures to address short-term wholesale funding risk FXStreet (Łódź) - In a prerecorded video with remarks opening the Atlanta Fed’s Financial Market Conference on Tuesday, Fed Chair Yellen signaled that the US economy is still recovering from the financial crisis and that stronger capital and liquidity standards for large banks might be required to protect their source of funding in case of renewed tensions. Yellen pointed out that the current regulations "do not fully address the financial stability concerns associated with short-term wholesale funding,” and added that the FOMC was already considering “additional measures that could address these and other residual risks in the short-term wholesale funding markets.” The Fed chair also stressed that the recently adopted rules on liquidity standards for global financial institutions did not apply to shadow banking. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15, 2014 OctaFX.Com News Updates

USD/JPY shaken by the US CPI data FXStreet (San Francisco) - The US dollar reacted erratic against the Japanese Yen following the US CPI data with the pair reaching a 1-hour candlestick's high of 101.95 and a low of 101.80; The USD/JPY remains below the 102.00 key level. Currently, USD/JPY is trading at 101.80, down 0.02% on the day, having posted a daily high at 102.01 and low at 101.69. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. The Consumer Price Index in the United States came above expectations with 1.5% YoY figure in March. That's a relief from deflation fears and it provides the Fed with extra-time to deal with a interest's rates hike. USD/JPY levels If the USD/JPY clears the 102.00 area, next resistances could be found at 102.15 (Apr 9 high) and 102.44 (21-day SMA). On the other hand, supports are seen at 101.68 (Apr 15 low), 101.41 (Apr 14 low) and 101.32 (Apr 11 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15, 2014 OctaFX.Com News Updates

Fed's Yellen: US economy still recovering from the financial crisis FXStreet (Łódź) - Speaking at the Atlanta Fed’s Financial Market Conference, Fed chair Janet Yellen says that major US banks might need more capital. • "There might be room for stronger capital and liquidity standards for large banks," she suggests. • New regulations do not encompass shadow banking. • The FOMC is discussing further measures to address short-term wholesale funding market stability risks • “New Basel liquidity rules do not fully address short term funding risk,” the Fed chair says. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15, 2014 OctaFX.Com News Updates

CORRECTION: European Monetary Union Industrial Production s.a. (MoM) in line with forecasts (0.2%) in February FXStreet (Córdoba) - The GBP/USD bounced sharply off intraday lows and completely erased daily losses following the knee-jerk reaction to UK inflation figures. The GBP/USD broke out yesterday's range and fell to a 6-day low of 1.6669 only to quickly bounce toward a fresh high of 1.6730. The pound reacted positively to inflation data, which showed UK CPI fell to a 4 1/2 year low of 1.6% YoY in March, meeting market's consensus. GBP/USD levels to watch At time of writing, the GBP/USD is trading at 1.6725, virtually unchanged since opening, with immediate resistances at 1.6730 (Apr 15 high), 1.6743 (Apr 14 high) and 1.6786 (Apr 11 high), while supports are seen at 1.6669 (Apr 15 low), 1.6630 (20-day SMA) and 1.6603 (Apr 8 low). From a technical perspective, Stoyan Mihaylov, analyst at DeltaStock.com said the bias here remains negative below 1.6750 resistance, for a slide towards 1.6670 support zone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15, 2014 OctaFX.Com News Updates

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CORRECTION: European Monetary Union Industrial Production s.a. (MoM) in line with forecasts (0.2%) in February Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14, 2014 OctaFX.Com News Updates

USD/CAD turns south FXStreet (Córdoba) - The USD/CAD spiked to daily highs but failed to sustain gains and dropped to negative ground for the day as the CAD benefited from solid US data and a positive opening in Wall Street. US retail sales grew 1.1% in March, beating the 0.8% rise expected, while excluding autos, it rose 0.7% versus 0.5% expected. The USD/CAD retested highs at the 1.0990 area before turning south, falling to a fresh daily low of 1.0955 in recent dealings. At time of writing, the pair is trading at 1.0960, recording a 0.14% loss on the day. USD/CAD levels to watch In terms of technical levels, the USD/CAD could find immediate supports at 1.0955 (Apr 14 low), 1.0929 (100-hour SMA) and 1.0900 (psychological level). On the upside, resistances are seen at 1.0991 (Apr 14 high), 1.1000 (psychological level) and 1.1009 (Apr 7 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14, 2014 OctaFX.Com News Updates

US Business Inventories missed forecasts (0.5%) in February: Actual (0.4%) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14, 2014 OctaFX.Com News Updates

EMEA EM Express: Stocks and ruble fall on unrest in east Ukraine, threats of further sanctions against Russia FXStreet (Łódź) - Tensions between Ukraine and Russia escalated over the weekend with pro- and anti-Russian demonstrators continuing clashes in the east part of Ukraine and Kiev threatening to conduct a "full-scale anti-terrorist operation" against people occupying government buildings if they refuse to leave by Monday morning. The ultimatum hasn't been carried out however and more official buildings have been seized by pro-Russian protesters on Monday. Ukraine's interim president Olexander Turchynov once again called the developments a Russian “aggression” but at the same time suggested that he wasn't against a referendum on the future of the country and its shift from a republic to a federation "We are not against holding a national referendum," the president said. "I am certain that a majority of Ukrainians will support an indivisible, independent, democratic and united Ukraine." Furthermore, the UN Security Council held an emergency meeting on Sunday during which the US accused Russia of fomenting unrest in Ukraine and warned it could impose further sanctions on Russia. On Monday also European Union foreign ministers, gathered in Luxembourg to discuss the Ukraine crisis, suggested that more sanctions against Moscow would be imposed. British Foreign Secretary William Hague said that Russia was continuing to destabilize the situation in Ukraine on purpose and that quick action was required to stop it. Polish Foreign Minister Radosław Sikorski urged other officials to expand the sanctions list as soon as possible. "The EU has to make it clear to Russia what are the consequences of any possible future actions in eastern Ukraine," he said. "I expect a very specific signal when we can expect sanctions if Russia takes further steps." But some of the EU officials, worried about the problems such a move could cause for gas transit, weren't eager to take such quick action and preferred to wait until more talks were held on Thursday in Geneva. The Russian ruble fell to the lowest level in three weeks and stocks tumbled. The Micex Index registered its sharpest decline in a week, dropping by 1.7% to 1339.73. Economic data Israel's quarterly GDP data showed a pickup in growth to 3.2% in Q1, following a 1.8% rise the previous quarter, the Central bureau of statistics informed on Sunday. This result is more positive than the expected 3% increase. Israeli CPI, released on Monday, climbed 1.3% on an annual basis in March, slightly up from the 1.2% rise registered the previous month. Month-on-month inflation increased 0.3%, compared with the 0.2% drop. Year-on-year Polish M3 Money Supply, also published on Monday, rose 5.1% in March, up from 5.3% in February and above projections of 4.8% growth. Technicals The Russian ruble weakened 0.6% against the central bank’s target basket of dollars and euros to 42.1394 on Monday. USD/RUB grew by 0.74% to 35.8930. On Friday the daily FXStreet Trend Index was slightly bearish, and the OB/OS Index neutral. RSI was at 49 at the last close and slid to 43 so far today. The Daily 2-StDev Volatility Bandwidth was shrinking at 3852 pips, with ATR (14) shrinking at 3587 pips. The 1D 200 SMA was at 33.5418, while the 1D 20 EMA was at 35.6723. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14, 2014 OctaFX.Com News Updates

GBP/USD hits lows sub-1.6700 FXStreet (Córdoba) - The GBP/USD extended its correction lower Monday although at a slower pace, with solid US retail sales data dragging the pair to fresh lows at the beginning of the American session. The GBP/USD pierced below the 1.6700 mark and printed a fresh 6-day low of 1.6696 before finding support. US retail sales grew 1.1% in March, beating the 0.8% rise expected, while excluding autos, it rose 0.7% versus 0.5% expected, giving the greenback a boost. GBP/USD technical levels At time of writing, the Cable is trading at 1.6700, down 0.2% on the day, with immediate supports seen at 1.6695 (Apr 14 low), 1.6679 (10-day SMA) and 1.6622 (21-day SMA). On the upside, resistances could be found at 1.6743 (Apr 14 high), 1.6786 (Apr 11 high) and 1.6819 (Apr 10 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14, 2014 OctaFX.Com News Updates