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USD/CHF bounces off 200-hour SMA FXstreet.com (Córdoba) - The USD/CHF came under pressure and fell to fresh daily lows during the European session, although it found support at the 200-hour SMA and bounced. After failing to decisively break above the 0.9100 mark, the USD/CHF turned lower and dropped toward the 0.9060 zone before the 200-hour SMA contained the slide. At time of writing, the USD/CHF is trading at the 0.9075 area, still a few pips below its opening price. Up ahead during the NY session, data includes US CPI and jobless claims. USD/CHF levels to watch IN terms of technical levels, the USD/CHF could find immediate resistances at the 0.9100/07 area (psychological level/Jan 15 high), 0.9126 (Jan 8 high) and 0.9150 (Nov 22 high). On the other hand, supports are seen at 0.9060 (200-hour SMA), 0.9040 (100-hour SMA) and 0.9025 (Jan 15 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16, 2014 OctaFX.Com News Updates

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GBP/USD slumps to 3-week lows after US data FXstreet.com (Córdoba) - The GBP/USD slumped to fresh lows at the beginning of the New York session after solid US data gave the greenback a boost. The NY Empire State manufacturing index soared to its highest in 20 months in January, signaling strong expansion in the sector, while December's producer price index grew in line with expectations. The GBP/USD accelerated lower, breaking decisively below the 1.6400/1.6375 area slipping to a low of 1.6327, last seen Dec 24 2013. GBP/USD levels to watch At time of writing, the Cable is trading at the 1.6345 area, recording a 0.6% loss Wednesday with immediate supports at 1.6327 (Jan 15 low), 1.6320 (Dec 24 low) and 1.6300 (psychological level). On the flip side, resistances are seen at 1.6407 (20-day SMA), 1.6442 (Jan 15 high) and 1.6464 (Jan 14 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 15, 2014 OctaFX.Com News Updates

EUR/USD breaks down 1.3600 following upbeat Empire State man. index FXstreet.com (San Francisco) - The Dollar is being fueled by a stronger than expected NY Empire State manufacturing index that shows a jump in January to 12.51 pts from December figures of 2.22. It is the highest reading since May 2012. At the moment of release, the EUR/USD was testing the 1.3600 area but the upbeat data was the catalyst to send the pair down the key level and currently it is pricing around 1.3580. EUR/USD levels: If the Dollar keeps its momentum and maintains the pair below the 1.3600 level, the EUR/USD would face supports at 1.3565 and 1.3550. On the upside, resistances are now at 1.3600, 1.3625 and 1.3645. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 15, 2014 OctaFX.Com News Updates

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Flash: AUD/USD losses the channel - Commerzbank FXstreet.com (Guatemala) - Karen Jones, chief analyst at Commerzbank said failure at 0.9042 will cast attention back to the 0.8822 mid December low. Further Quotes: “Below 0.8822 will target the base of the 2 year down channel at 0.8717 and our longer term targets are found at 0.8550 en route to 0.8068”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 14, 2014 OctaFX.Com News Updates

Flash: Too optimistic? GBP – Rabobank FXstreet.com (Guatemala) - Jane Foley, Senior Currency Strategist for Rabobank International explained that since the end of last year, UK money rate rates have softened a little. Key Quotes: “The tone of UK economic data recently, while still decent, has disappointed market expectations. Perhaps the market’s expectations regarding the UK recovery were becoming a little too optimistic? Market positioning suggests that sterling could be vulnerable in the coming weeks if the Bank chooses to underpin a dovish policy position”. “Next week the minutes of the January MPC meeting are due. It is possible that these could contain a discussion which could lay the groundwork for a change in the Bank’s forward guidance. The Quarterly Inflation Report will be presented on February 12”. “Based on the risk that the BoE will reinforce its dovish tone, we expect that sterling could suffer a setback in the coming weeks. That said, in view of the better economic data in the UK relative to the Eurozone, we still expect EUR/GBP to end the year moderately lower in the 0.81 region”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 14, 2014 OctaFX.Com News Updates

EU's Dijsselbloem: European banks to fully regain health by the end of 2014 FXstreet.com (Łódź) - Eurogroup president Jeroen Dijsselbloem told Bloomberg Television today that Europe's financial institutions are expected to regain health by the end of the year, as they make efforts to repair their balance sheets, in preparation for ECB's taking over as bank supervisor. “The banks are now already, in advance, dealing with their problems: taking losses where necessary, finding new funding, strengthening their balance sheets,” Dijsselbloem stressed. “They’re not waiting for the actions of the ECB. Banks are going ahead and getting their act together, which will help strengthen the economic recovery in the euro zone.” The ECB is set to kick off its role as the Eurozone banking supervisor in November this year, as part of the banking union project. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 13, 2014 OctaFX.Com News Updates

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Flash: ECB dampens Euro upside - BTMU FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the ECB's forward guidance has dampened Euro upside in the near term. Key Quotes "The ECB’s strengthened forward guidance has likely helped dampen euro upside against the US dollar in the near-term following the release of the weaker than expected US employment report." " The release on Friday as well of the weaker than expected UK manufacturing report for November has also helped to dampen pound upside against the US dollar. " "The report revealed that manufacturing output growth in the UK was flat in November following a downwardly revised expansion of 0.2% in October." "The pace of growth is somewhat weaker than implied by more buoyant surveys with the manufacturing PMI having remained at elevated since the summer." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 13, 2014 OctaFX.Com News Updates

Flash: USD/JPY back to 102.50? - Societe Generale FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale has pencilled into a pullback for USD/JPY to potentially reach 102.50. Key Quotes "The pattern in Q4 was for Treasury investors to sell into any signs of strength as the ‘great rotation' saw equity holdings boosted and bond holdings pared back." "As I wrote on Friday, the bias from survey respondents with 10-year yields at 3% was to buy dips and chase rallies." "Well, they chased the rally and with soft retails sales, well-behaved CPI ahead this week while secular stagnationists deluge us with their views, we just need to wait it out and see how far this goes." "10s failed to break below 2.5% on the ‘no-taper' in October but we probably won't see the market go that far. 2.75% 10yr yields look a more realistic low between now and the next jobs number." "Similarly, we are pencilling in 0.92 for AUD/USD and 102.50 (though the USD/JPY uptrend is supported by the 200-day moving average, and that's all the way back at 99.70)." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 13, 2014 OctaFX.Com News Updates

Flash: Dollar weaker following Non farm Payroll miss - BTMU FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the dollar remained weaker overnight following weak Non Farm Payroll numbers. Key Quotes "The US dollar has remained weaker in the Asian trading session following the release of the weaker than expected non-farm payrolls report on Friday, with USD/JPY having fallen to an intra-day low 103.26 today from an intra-day high of 105.40 on Friday." "The establishment report revealed that the US economy added only 74k jobs in December which was the lowest month of jobs gains since January 2011. There were modest upward revisions to prior months adding a further 38k jobs." "As a result employment growth averaged 182k/month in 2013 which was almost exactly the same as in 2012. Employment weakness evident in December appears to have been largely driven by the negative impact of seasonably cold and harsh weather. " "The number of workers who said they could not go to work due to poor weather conditions in the household survey jumped to 273k in December which was the largest amount for a December since 1977. The household survey also revealed a shaper than expected fall in the unemployment rate which declined to 6.681% in December from 6.981% in November. " "The sharper than expected drop in the unemployment rate mainly resulted from 347k people leaving the labour force while employment increased by 143k as well. The labour force participation rate continued to decline by a further 0.2 point to 62.8%." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 13, 2014 OctaFX.Com News Updates

AUD/USD driven by disappointing US data FXstreet.com (London) - AUD/USD added to gains in the overnight session. The pair largely ignored Australian housing data and instead continued on the momentum of Friday’s weak US non-farm payroll numbers. Falling in line with market expectations, November home loans gained 1.1 percent, leaving home loans up 15.3 percent on the year, with the housing sector as a whole extremely bullish on the Reserve Bank of Australia’s loose monetary policy. Non-farm payrolls driving AUD/USD bullishness With little to surprise the markets within Australian data, the pair was instead driven by momentum from Friday’s miss in US non-farm payroll data expectations, where just 74k jobs were added in December, after November’s upwardly revised 241k print. Stevens could play down AUD levels Currently trading at USD0.9036, up 0.5 percent on the session, the pair is now above the level of 12 December when RBA governor Glenn Stevens talked the AUD down, saying that “85 U.S. cents would be closer to the mark than 95 cents.” With Stevens showing in the past that he is prepared to talk down AUD strength whenever it threatens deflationary pressure, the current >USD0.9000 levels should be watched for a similar move. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 13, 2014 OctaFX.Com News Updates

Flash: FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that EUR/USD is in line with current CTFC positioning heading into the week. Key Quotes "The EUR/USD pushed higher on Friday in the wake of the disappointing US nonfarm numbers and despite the dovish overtones from the ECB on Thursday." "Meanwhile, any further positive news flow from the periphery this week may however discourage excessive downside probes." "In the near term, the 1.3700 resistance may hold while key psychological support at the 55-day MA (1.3614) remains in play." "Our current view on the pair is also in line with the latest CFTC positioning numbers, with marginal net EUR longs being pared in the latest week." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 13, 2014 OctaFX.Com News Updates

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US: NIESR GDP Estimate up 0.7% in December FXstreet.com (Barcelona) - The US NIESR GDP Estimate increased 0.7% in over the 3 months up to December, following a 0.8% rise registered over the 3 months up to November, according to data released today by the National Institute of Economic and Social Research. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 10, 2014 OctaFX.Com News Updates

GBP/USD recovers losses following Non Farm Payrolls crash FXstreet.com (Barcelona) - GBP/USD has performed a U-Turn today, recovering its earlier losses following the awful Non Farm Payrolls reading. GBP/USD retraces decline following Non Farm Payrolls Having declined sharply to post a low at 1.6379, in the aftermath of soft Industrial Production and Manufacturing Production data, GBP/USD has recovered most of its losses following an abysmal Non Farm Payrolls reading which registered at 74k, against expectations of 196k, and 241k (revised) previous. Interestingly however, the US Unemployment rate declined to 6.7% from 7%. Spot is presently trading at 1.6460, close to its daily high at 1.6484. What are today´s key GBP/USD technicals? Hourly RSI sits at 53, with ADX at 36. The daily pivot point can be found at 1.6474, with support at 1.6448 (S1) and resistance at 1.6505 (R1). The hourly 200 SMA sits at 1.6463, alongside the daily 20 EMA at 1.6414. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 10, 2014 OctaFX.Com News Updates

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USD/JPY bullish momentum continues ahead of non-farm payrolls FXstreet.com (London) - USD/JPY continues with its bullish momentum ahead of US non-farm payroll numbers due out later today. While the non-farm payroll numbers are a key short-term driver of the pair, the biggest directional driver remains the diverging monetary policy expectations between the US Federal Reserve and the Bank of Japan. Non-farm payroll optimism Market consensus is bullish on the non-farm payroll print at 13:30 GMT, with expectations for recent momentum to continue as part of a strengthening US economic outlook. While consensus expectations are at 196k, non-farm Friday exuberance has begun pointing to a higher print. With consensus expectations high, the downside risks are ramped up for any miss. Longer-term, the bullish momentum trade that has carried the USD/JPY pair since the Fed’s 18 December meeting remains in place. While The Fed is expected to continue to taper its monthly asset purchases – currently standing at USD75bn a month – Japan remains firmly committed to monetary expansion, buying up a current JPY7 trillion of bonds a month. Japanese officials have indicated that they are prepared to increase bond purchases in a fight against deflationary pressures. Strong print will carry momentum USD/JPY currently stands at a near-session high of JPY105.0155, up 0.15 percent on the day from an opening of JPY104.8255. Given already optimistic expectations, a strong non-farm payroll print may not be enough to challenge the three-and-a-half year highs recorded last week at JPY105.4415, but it will help maintain bullish USD/JPY momentum. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 10, 2014 OctaFX.Com News Updates

USD/JPY bullish momentum continues ahead of non-farm payrolls FXstreet.com (London) - USD/JPY continues with its bullish momentum ahead of US non-farm payroll numbers due out later today. While the non-farm payroll numbers are a key short-term driver of the pair, the biggest directional driver remains the diverging monetary policy expectations between the US Federal Reserve and the Bank of Japan. Non-farm payroll optimism Market consensus is bullish on the non-farm payroll print at 13:30 GMT, with expectations for recent momentum to continue as part of a strengthening US economic outlook. While consensus expectations are at 196k, non-farm Friday exuberance has begun pointing to a higher print. With consensus expectations high, the downside risks are ramped up for any miss. Longer-term, the bullish momentum trade that has carried the USD/JPY pair since the Fed’s 18 December meeting remains in place. While The Fed is expected to continue to taper its monthly asset purchases – currently standing at USD75bn a month – Japan remains firmly committed to monetary expansion, buying up a current JPY7 trillion of bonds a month. Japanese officials have indicated that they are prepared to increase bond purchases in a fight against deflationary pressures. Strong print will carry momentum USD/JPY currently stands at a near-session high of JPY105.0155, up 0.15 percent on the day from an opening of JPY104.8255. Given already optimistic expectations, a strong non-farm payroll print may not be enough to challenge the three-and-a-half year highs recorded last week at JPY105.4415, but it will help maintain bullish USD/JPY momentum. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 10, 2014 OctaFX.Com News Updates