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USD/JPY falls as ADP came below expectations FXStreet (San Francisco) - The USD/JPY is trading below the 101.00 mark again following the weaker than expected ADP employment report. The pair has fallen around 40 pips in the latest few minutes to trade at 100.85. The US dollar to Japanese Yen exchange rate is currently performing 0.80% negative in the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. The US ADP employment report shows a increase of 175K new payrolls in the private sector in January. However it means a slowdown from December reading of 227K. USD/JPY technical outlook "Allow one more upswing towards 101.94 resistance area before renewal of the general downtrend through 100.70, en route to 99.00 support zone", commented Stoyan Mihaylov, analyst at DeltaStock.com. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 05, 2014 OctaFX.Com News Updates

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USD/CAD a continuation of the bearish trend? FXStreet (Guatemala) - USD/CAD is easing back losses creating a bearish looking continuation at 1.1070 currently. Strategists at TD Securities said “USDCAD’s bearish key reversal day Friday remains the salient feature of the daily chart, With spot trending below steep, daily trend channel support, the odds of a correction, perhaps only short-lived but possibly quite sharp, remain alive. New highs are needed—soon—to reinvigorate the underlying bull trend and stave off retracement pressure”. From the calendar today the dollar has had a little life from factor orders against what was a disappointing ISM Manufacturing number yesterday. The week ahead comes with Non Farm Payrolls which markets are expected to start positioning ahead of. USD/CAD Levels The 20 DMA is 1.0999, the 50 DMA is 1.0778 and the 200 DMA is 1.0460. RSI (14) 48.45. Supports are 1.0953, 1.0992, 1.1019. Spot is 1.1070 while resistances are 1.1110, 1.1135, 1.1225, 1.1300 and 1.1349. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 04, 2014 OctaFX.Com News Updates

EUR/USD is facing headwinds mid point FXStreet (Guatemala) - EUR/USD fell sharply from above 1.3550 to the lows in the 1.3480 territory and since has been drifting and grinding back to the mid point of the drop. Meanwhile, markets are looking ahead to data this week, after a disappointing ISM manufacturing from the US, Factory Orders were slightly positive giving a boost to the dollar. Later this week, we will have Non Farm Payrolls of course, but in the mean time we look forward to the ECB coming up. Strategists at TD Securities said that they look for the ECB to keep the refi rate and deposit rate unchanged at this week’s meeting, despite the downside surprise to January inflation. “We don’t think that it would have been enough to derail the ECB’s belief in the continuing recovery in growth, and eventually inflation”. EUR/USD Levels The 20 DMA is 1.3609, the 50 DMA is 1.3648 and the 200 DMA is 1.3376. RSI (14) reads 48.45. Supports are ascending from 1.3390, 1.3417, 1.3463, 1.3477. Spot is 1.3509 while resistances are 1.3544, 1.3574, 1.3590 and 1.3605. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 04, 2014 OctaFX.Com News Updates

NZD/USD continues bullish momentum FXStreet (London) - NZD/USD has rallied strongly through the day, regaining a large percentage of its recent losses. NZD given support by AUD bullishness The Kiwi has benefitted for the strong AUD bullish trend through the day on a changed stance from the Reserve Bank of Australia. The RBA held rates overnight in its monthly rate decision, but the accompanying statement dropped any reference to the AUD being over valued. The Kiwi dollar had been under bearish pressure through last week on emerging market concerns. Concerns over EM exposure to tightening USD conditions as the Fed continued on its trajectory of quantitative easing tapering knocked risk appetite, putting pressure on higher-yielding currencies. March rate hike expectations Fourth quarter unemployment numbers due out at 21:45 GMT should help to confirm expectations of a March rate hike from the Reserve Bank of New Zealand. Consensus expectations are for a decline from 6.2 percent to 6.0 percent. RBNZ governor Graeme Wheeler last week said that the Kiwi economy is growing too fast to constrain inflation. He has signaled that he will move to hike rates from the current 2.5 percent level at the March meeting and confirmation of declining unemployment will give Wheeler further breathing space to hike rates and rein in the NZ economy. NZD/USD is currently trading at USD0.8172, climbing 1.32 percent on the session. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 04, 2014 OctaFX.Com News Updates

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Flash: Inflation expectations and political stability positive for USD/JPY - Nomura FXStreet (Barcelona) - Yujiro Goto, FX Strategist at Nomura notes that bond investors’ inflation expectations for one year and two years increased in January and sees low yields and political stability as positive for USD/JPY. Key Quotes “One-year inflation expectations reached 1.72%, the highest since July 2004 when the data series began, from 1.54% in December. Two-year expectations also inched up to 1.66% from 1.62%. 10-year inflation expectations fell to 1.44% from 1.45% though. Recent positive inflation surprises are likely to have influenced expectations in the bond market, especially short-term inflation expectations.” “Real JGB yields, based on inflation expectations from the bond investor survey, all remain negative from one to 10 years. As US yields fell in January, in nominal and real terms, the real yield difference between the US and Japan shrank a bit. Weak NFP and risk-offs, due to higher volatility in the EM market, depressed US yields in January. However, we expect the yield difference between the US and Japan to widen again, as the Fed keeps normalizing its quantitative easing policy.” “Separately, over the weekend, many local media reported that ex-Health Minister Yoichi Masuzoe is still the frontrunner of the Tokyo Governor election on 9 February. Most media report that Mr Morihiro Hosokawa, who is backed by ex-PM Junichiro Koizumi and is arguing for nuclear generation to be ended immediately, remains in second to third place (Nikkei). Thus, the Tokyo Governor election is likely to be a positive result for the Abe cabinet, which is regarded as positive for the Nikkei and USD/JPY.” “While USD/JPY has traded weakly recently, low real yields and the stable political situation in Japan remain positive for USD/JPY in the medium term.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03, 2014 OctaFX.Com News Updates

EUR/USD fails to hold above 1.3500 FXStreet (Córdoba) - After reaching fresh day highs in the wake of above expectations Eurozone PMI's, the EUR/USD lost strength and pulled back below the 1.3500 mark as investors await the US PMI figures. The EUR/USD peaked at 1.3518 but failed to hold above the psychological level and slid to the 1.3490 zone, where it is trading at time of writing, still a few pips above its opening price. The EUR/USD hit a fresh 2-month low of 1.3476 during the European trade, weighed by the risk off sentiment and cautious ahead this week's ECB decision after reports suggested the central bank could stop sterilizing its bond purchases. EUR/USD technical levels On the upside, immediate resistances for EUR/USD line up at 1.3518 (Feb 3 high), 1.3530 (50-hour SMA) and 1.3570 (Jan 31 high) ahead of 1.3600 (psychological level). On the downside, supports are seen at 1.3476 (Feb 3 low), 1.3460 (Nov 22 low) and 1.3415 (Nov 20 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03, 2014 OctaFX.Com News Updates

AUD/USD rallies strongly on expectations of less dovish RBA FXStreet (London) - AUD/USD has rallied strongly ahead of the Reserve Bank of Australia’s rate decision and accompanying statement tomorrow. AUD bullishness comes despite China slowdown concerns and subdued risk appetite. EM worries damp AUD demand The Aussie dollar had been under pressure thanks to emerging market volatility and contagion worries dragging on risk appetite demand for the higher-yielding currency. In addition, weakening Chinese data has raised concerns over commodity demand. Tightening of policy from the Communist Party has weighed on manufacturing and ramped up money market rates. Rising inflation cuts further RBA rate cut bets Though the RBA will almost certainly hold rates tomorrow, expectations are for a less dovish RBA. A weaker AUD has translated into accelerating inflation, making it less likely that the central bank will move to cut rates further. Markets will be focussed on the tone of the language in the statement accompanying the rate announcement and for concern over AUD weakness feeding into further inflation. AUD/USD is currently trading at USD0.8802 on an unbroken rally though from a session low of USD0.8738, up 0.46 percent. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03, 2014 OctaFX.Com News Updates

Flash: Short term USD/JPY long offers poor risk-reward - Societe Generale FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale comments that he is surprised the yen isn’t stronger this morning, as the Nikkei slides again. Key Quotes “The NKY/JPY correlation is driven by the currency, not by the equity market, but even so yen shorts could be squeezed out if the equity market sell-off goes much further.” “Short-term, USD/JPY longs are poor risk-reward while EUR/JPY in particular is showing signs of breaking lower.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03, 2014 OctaFX.Com News Updates

Flash: GBP/USD eyes on 1.6260 - Investec FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec is watching for a GBP/USD close below 1.6280 today for a sign of further downside ahead. Key Quotes "GBP/USD has remained somewhat subdued since Governor Carney spoke over a week ago, talking down the need for rate rises and implying that Sterling is too strong. UK GDP last week failed to rouse further enthusiasm coming out in line with consensus at 0.7%, and slightly below more optimistic economists’ forecasts of 0.8%. Overnight we had more disappointing Chinese data and subsequently GBP/USD opens in the low 1.64s." "At this point a close through the key 1.6260 technical level could signify further downward movement in GBP/USD. The likelihood of this happening is strengthened by the Fed's decision last week to continue to taper it's QE program by a further 10b USD, helping to add to USD strength amidst jitters in equities and emerging markets." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03, 2014 OctaFX.Com News Updates [/CE

EUR/USD falls below 1.3500 FXstreet.com (Córdoba) - The EUR/USD extended losses and printed a fresh 2-month low at the beginning of the American session after the latest string of US data. The US consumer spending rose 0.4% in December while personal income fell 0.2%. Meanwhile, data showed PCE price index increased just 1.1% across 2013, well below the Fed's target of 2%. As for the EUR/USD, the pair accelerated lower and hit a low of 1.3496 so far, and continues to trade near lows, recording a 0.4% loss Friday, its fourth daily decline in a row. EUR/USD weighed by ECB expectations "Growing expectations that the ECB will trim rates as early as next Thursday are fueling a continued slide in EUR/USD", says Jamie Coleman, Editor at FXBeat. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 31, 2014 OctaFX.Com News Updates

US: PCE rose 1.1% YoY in December FXstreet.com (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.1% YoY during December. The Core reading, which strips the food and energy costs, rose 1.2% over the last twelve months and 0.1% MoM. Personal Income came in flat vs. 0.2% expected and previous while Personal Spending rose 0.4%, surpassing forecasts at 0.3% and down from 0.6% (revised). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 31, 2014 OctaFX.Com News Updates

US December Core Personal Consumption Expenditure - Price Index (MoM) steadies at 0.1% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 31, 2014 OctaFX.Com News Updates

Flash: GBP/USD a February sell? - Societe Generale FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale believes that amongst other things GBP/USD is a sell in February. Key Quotes "Other 'things to do' for February include buying bank credit vs corporates, buying red short sterling futures vs Eurodollars, and selling Cable.” “As for today, US PI, PCE, U-Mich and Chicago PMI will keep us busy this afternoon. We've already seen another little tick lower in Spanish CPI to 0.2% y/y, and we should confirm that the Euro Area unemployment rate is steady now at a mere 12.1%, later. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 31, 2014 OctaFX.Com News Updates

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EUR/CHF creeps higher on declining CHF haven demand FXstreet.com (London) - EUR/CHF is grinding back some ground after sharp declines in the pair on haven demand for the Swiss franc earlier this week. The pair hit a low of CHF1.2213 yesterday on continuing fears over EM contagion after the Turkish central bank was forced to drastically hike rates to try to slow Turkish lira weakness. KoF indicator misses expectations There was a slight knock for CHF with the publication of the monthly KoF leading indicator, a composite of business surveys from various sectors of the Swiss economy published by the Swiss Institute for Business Cycle Research (KOF). The index, designed to give a forecast of GDP growth for the next quarter, came in at 1.98, just below expectations of 2.0. EUR/CHF remains in bullish territory, trading at CHF1.2245, just below a session high of CHF1.2249. However, further upside may be capped by today’s weak Eurozone data. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30, 2014 OctaFX.Com News Updates

AUD/USD gathers traction, eyes 0.8800 FXstreet.com (Edinburgh) - The Aussie dollar is picking up pace now, pushing the AUD/USD levels beyond 0.8780 after the US docket. AUD/USD supported around 0.8700 The pair sold off to the vicinity of 0.8700 the figure overnight, after the Chinese manufacturing PMI sponsored by HSBC disappointed investors at 49.5 during January. However, spot managed to rebound and is currently printing fresh intraday highs beyond 0.8780 after the weekly report on the US labour market showed an increment of claims last week and the US economic activity expanded in line with estimates 3.2% YoY in Q4. AUD/USD key levels The pair is now up 0.62% at 0.8784 with the next resistance at 0.8821 (high Jan.28) ahead of 0.8853 (high Jan.23) and then 0.8889 (high Jan.22). On the downside, a break below 0.8727 (low Jan.28) would aim for 0.8678 (low Jan.27) and finally 0.8660 (low Jan.24). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30, 2014 OctaFX.Com News Updates

EUR/USD extends decline after US data FXstreet.com (Córdoba) - The EUR/USD extended losses to fresh 1-week lows after the latest string of US data came in mostly in line with expectations. The US annualized gross domestic product grew 3.2% in the fourth quarter, meeting market's expectations. Meanwhile, initial jobless claims rose by 19,000 to 348,000 last week, missing forecast of 330,000. The EUR/USD stretched to a fresh 1-week low of 1.3567 after the data before bouncing slightly. At time of writing, the EUR/USD is trading around 1.3580, recording a 0.2% loss on the day. EUR/USD technical outlook From a technical view, Valeria Bednarik, chief analyst at FXStreet.com commented that as long as below 1.3590 bears would lead the way, with next supports at 1.3550 and 1.3510. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30, 2014 OctaFX.Com News Updates

USD/JPY extends advance to 102.70 after GDP data FXstreet.com (San Francisco) - The US dollar is trading higher against the Japanese yen as the pair is extending advance following the US GDP numbers. After a bounce at 102.15 in the European session, the USD/JPY was rising to test 102.70. The USD/JPY is currently pricing at 102.65, 0.45% positive on the day. The short term perspective is strongly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral. USD/JPY levels Above the 102.70, the USD/JPY would face resistances at 103.15 and 103.45. On the downside, supports are at 102.50, 102.10 and 101.85. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30, 2014 OctaFX.Com News Updates

GBP/USD looks to retake 1.6500 FXstreet.com (Edinburgh) - After bottoming out near 1.6440 post-UK data, the GBP/USD is now attempting a bounce back to the 1.6500 handle. GBP/USD netting an even week so far The pair is falling for the third consecutive session so far amidst another significant sell-off in the EM universe post-Fed’s taper, fully retracing Monday’s steep advance. In the same direction, mixed-to-soft data from the UK calendar would also be collaborating with the downside. “A close below the 1.6259 support should then be enough to signal losses to the 1.5855 November low”, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. GBP/USD levels to watch At the moment the pair is losing 0.43% at 1.6481 with the next support at 1.6446 (61.8% of 1.6309-1.6666) followed by 1.6400 (low Jan.21) and then 1.6396 (low Jan.20). On the upside, a surpass of 1.6565 (high Jan.30) would expose 1.6606 (high Jan.29). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30, 2014 OctaFX.Com News Updates

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BoE's Carney: Rates to remain low until recovery takes hold FXstreet.com (Łódź) - Bank of England governor Mark Carney said on Wednesday that interest rates would remain unchanged for some more time in order to allow the recovery to take hold. Once the time came to raise them, it would be done only gradually, he assured. Speaking in Edinburgh on Scottish independence, Carney said he expects the strong pound to induce benign inflation and consumption growth to slow. He signaled that the MPC would present the modifications to the forward guidance policy soon. “No doubt backing away from 7% unemployment threshold,” as Jamie Coleman commented on FXBeat. Addressing Scottish business leaders, Carney pointed to the need of ceding some of national sovereignty if Scotland became independent, but continued using the pound. A banking union and strict fiscal rules would be essential to fend off problems such as those experienced by the Eurozone. "Those risks have been demonstrated clearly in the euro area over recent years, with sovereign debt crises, financial fragmentation and large divergences in economic performance," Carney said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 29, 2014 OctaFX.Com News Updates

EUR/USD bounces at 1.3600, back to 1.3675 FXstreet.com (San Francisco) - The Euro's decline against the US Dollar from 1.3680 found support at the 1.3600 area, nearly 1-week lows, where the EUR/USD has bounced to trade back at 1.3675. Poor EMU data from Private Loans and Money Supply during December would be collaborating with the downside, while emerging markets continue to see another day of currencies’ strong devaluation, complicating the financial scenario. Stop hunting below 1.3630 fueled the downside, but the 1.3600/10 area (key level and 200-hour MA) worked as strong support. "Just your garden-variety 60 pip bounce in EUR/USD...euro must be a safe-haven all of a sudden...," comments FXBeat Jamie Coleman. "Volatility is running high as emerging markets come under attack and then stabilize." EUR/USD bias The EUR/USD is currently trading flat on the day at 1.3670. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the MACD is bearish while the Stochastic is neutral. On the upside, the initial barrier lies at 1.3689 (high Jan 28) followed by 1.3716 (high Jan 27) ahead of 1.3740 (high Jan 24). On the bearish option, a break below 1.3594 (100-d MA) would expose 1.3564 (daily cloud base). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 29, 2014 OctaFX.Com News Updates