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United States CB Leading Indicator (MoM) above expectations (0.2%) in June: Actual (0.6%) FXStreet.com (Barcelona) For more information, read our latest forex news. July 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Russia Central Bank Reserves $: $358.2B vs previous $359.9B FXStreet.com (Barcelona) For more information, read our latest forex news. July 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold bulls lose grip after US data FXStreet (Mumbai) - Gold bulls ran out of steam after the US weekly jobless claims printed at the lowest level in four decades. The metal now trades around USD 1094/Oz, after having printed high of USD 1104.50/OIz earlier today. Upbeat labour data pushes treasury yields higher The strong labor department data in the US pushed up the treasury yields across the curve, with relatively bigger gains at the short-end of the curve, which represents the rate hike expectations in the US. The 2-year yield currently trades 1.7 basis points higher at 0.723%. Consequently, the metal, which is known to have an inverse relationship with the short-end treasury yields, dipped to trade largely unchanged on the day around USD 1094/Oz. With no major data due for release in the US, the metal is likely to track the sentiment on the Wall Street and the movement in the USD index and treasury yields. Gold Technical Levels The immediate resistance is located at the daily high of 1098.38 (hourly 50-MA) ahead of the major hurdle at 1107.69 (hourly 100-MA). On the flip side, support is seen at 1190.00 and 1086.94 (previous session’s low). July 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US initial jobless claims drops to four decade low FXStreet (Mumbai) - The US labor department data released on Thursday showed the jobless claims last week dropped to the lowest in four decades, mainly on account of mid-year factory shutdowns and school vacations. The initial jobless claims by 26,000 to 255,000 in the week ended July 18, the fewest since November 1973. The markets were expecting the initial jobless claims to drop to 280K from the previous week’s 281K. The initial jobless claims stayed below 300K for the 20th consecutive week. The four-week moving average, a less volatile measure than the weekly numbers, decreased to 278,500 last week, from 282,500. The jobless data, since early March, has been indicating the resilience in labor market despite the marked slowdown in the economy in the first quarter. The June payrolls data had shown the economy added by 223,000 in June following a 254,000 gain the prior month. The US jobless rate fell to a seven-year low of 5.3%. July 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BNZD/USD still seen at 0.62 by year-end – Westpac FXStreet (Edinburgh) - Imre Speizer, Strategist at Westpac, suggested the pair could grind lower towards the 0.62 handle by end of 2015. Key Quotes “We maintain our negative multi-month outlook for NZD/USD, but are less bearish in the near term”. “A bounce to 0.6700 is possible during the week ahead, following the RBNZ’s hawkish surprise to markets today”. “Speculative positioning is short NZD at records levels, according to the CFTC, and risks rebalancing, catalysed by the RBNZ’s lack of urgency implied by its guidance paragraph today”. “The RBNZ also surprised the market by watering down its currency warning”. “Beyond such a positioning cleanout though, we expect NZ fundamentals to require an easing cycle taking the OCR to 2.0%. We target 0.6200 by year end”. July 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Buy the dips in USD/JPY – Westpac FXStreet (Edinburgh) - Strategist at Westpac Robert Rennie recommends buying the pullbacks in the pair. Key Quotes “We have stuck with a USD/JPY buy dip bias for a number of weeks now”. “To be sure, this bias has assumed that Greece would either be solved or kicked significantly down the road. That appears to be the case now, so that firms up the buy on dips view”. “However, upside for us is based more on likely strong Q2 GDP in the US (Thursday next week) and disappointing Q2 GDP in Japan (Aug 17)”. July 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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USD Index prints highs near 97.40 FXStreet (Edinburgh) - The USD Index, which tracks the greenback vs. its main rivals, has now resumed its upside trend and is posting session tops in he 97.40/45 band. USD Index focus on US data After yesterday’s sharp sell-off to multi-day lows near the 97.00 handle, the buying interest seems to have returned to the dollar, pushing the index back towards the mid-97.00s so far. In the data space, US Existing Home Sales are due next, with consensus expecting an increase to 5.4 M during June, or a 1.2% advance. In the meantime, market participants seem to have already digested and cashed up the recent USD gains, all ahead of the key FOMC meeting due next week. USD Index relevant levels As of writing the index is up 0.09% at 97.41 and a surpass of 98.46 (high Apr.21) would open the door to 99.36 (high Apr.15) and then 99.70 (high Apr.14). On the other hand, the immediate support aligns at 95.08 (low Jun.26) ahead of 94.86 (low Jun.30) and finally 94.72 (low Jun.29). July 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Euro area government debt to GDP ratio rises in Q1 2015 - Eurostat FXStreet (Mumbai) - As per the data released by Eurostat, the statistical office of the European Union, at the end of the first quarter of 2015 the government debt to GDP ratio in the Euro area stood at 92.9%, compared with 92.0% at the end of the fourth quarter of 2014. In the whole bloc the ratio increased from 86.9% to 88.2%. Compared with the first quarter of 2014, the government debt to GDP ratio rose in both the euro zone (from 91.9% to 92.9%) and the whole EU (from 86.2% to 88.2%). According to the Eurostat press release, at the end of the first quarter of 2015, "debt securities accounted for 79.1% of euro area and for 80.8% of EU general government debt. Loans made up 18.0% and 15.2% respectively and currency and deposits represented 2.9% of euro area and 3.9% of EU28 government debt." July 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United Kingdom BOE MPC Vote Cut in line with expectations (0) FXStreet.com (Barcelona) For more information, read our latest forex news July 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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USD/CAD weaker around 1.2950 FXStreet (Edinburgh) - The greenback continues to shed ground vs. its Canadian neighbour on Tuesday, dragging USD/CAD to the 1.2955/50 band. USD/CAD bounced off 1.2920 After bottoming out in the 1.2920 region, spot managed to stage a rebound and regain the mid-1.2900s, although the performance remain well into the negative territory. The renewed offered tone around the US dollar plus some sort of recovery in crude oil prices – supporting the demand for CAD – remains the almost exclusive drivers behind yesterday’s fresh cycle peaks near 1.3030. USD/CAD key levels The pair is now retreating 0.51% at 1.2954 with the immediate support at 1.2905 (low Jul.16) ahead of 1.2728 (low Jul.15) and then 1.2683 (low Jul.13). On the other hand, a break above 1.3008 (high Jul.17) would target 1.3012 (high Jul.21) en route to 1.3024 (2015 high Jul.20). July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD bearish technical set-up - Scotiabank FXStreet (Guatemala) - Analysts at Scotiabank explained that GBP/USD's 200 DMA is under threat. Key Quotes: "A decisive break below the 50 day MA 1.5560 has shifted the focus to the 200 day MA at 1.5416. The 38.2% Fibo retracement of the April-June rally lies at 1.5409." "Momentum indicators are bearish, albeit modestly so, and trend indicators have yet to provide confirmation. Resistance is expected at the 21 day MA 1.5599." July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY drops to lows near 123.80 FXStreet (Edinburgh) - The greenback is now accelerating its depreciation vs. its Japanese counterpart on Tuesday, sending USD/JPY to daily lows around 123.80. USD/JPY down from 124.50 The pair keeps correcting lower after overnight tops in the mid-124.00s, following an increasing selling interest around the US dollar. The poor performance of US Treasuries since the European morning has been hurting the demand for the greenback, magnified amidst the current vacuum of data releases in the US economy. Next of relevance in the pair will be US Existing Home Sales and Japanese trade balance figures, both due on Wednesday. USD/JPY levels to consider As of writing the pair is losing 0.59% at 123.80 with the next support at 123.38 (low Jul.15) ahead of 122.50 (low Jul.13) and finally 121.70 (low Jul.10). On the other hand, a break above 124.47 (high Jul.21) would open the door to 125.59 (high Jun.8) and then 125.85 (2015 high Jun.5). July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

SARB could hike rates on Thursday – TDS FXStreet (Edinburgh) - Strategist at TD Securities Paul Fage expects the South African Reserve Bank to hike its benchmark rate by 25 bp. Key Quotes “We think the SARB rate decision on Thursday, 23 July, is a very close call, but on balance we think the SARB will hike its key policy rate, the repo rate, by 25bps. The consensus is also for the SARB to hike by 25 bps, but 13/30 of the economists surveyed expect no change”. “Growth remains anaemic, but the SARB has often stated that the ability of monetary policy to stimulate the economy is limited given supply constraints”. “At the May meeting the MPC adopted a clearly hawkish stance, with two of the six members voting for a hike. We think that the SARB will want to maintain its credibility and try to anchor longer-term inflation expectations at a lower level by hiking sooner rather than later”. “If the SARB does not hike on Thursday then we think that it is almost certain that they will hike in September, possibly in the wake of a Fed hike”. July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

WTI retreats from $51.00 FXStreet (Edinburgh) - After hitting session tops around the $51.00 mark, the barrel of West Texas Intermediate has now returned to the mid-$50.00s. WTI firmer on offered dollar The softer tone in the greenback has allowed today’s recovery in crude oil prices, advancing for the first time after four straight sessions in red. While concerns over the current supply glut remain far from abated, expectations of a drop in tomorrow’s EIA report on crude inventories could be collaborating with today’s upside. WTI levels to watch At the moment WTI is up 0.74% at $50.75 with the next resistance at $52.54 (high Jul.16) followed by $53.94 (high Jul.15) and then $54.35 (high Jul.10). On the flip side, a breakdown of $49.47 (low Apr.6) would aim for $48.11 (low Apr.2) and finally $47.05 (low Apr.1). July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GNZD/USD rises to 0.6650, eyes RBNZ FXStreet (Córdoba) - The Kiwi and the euro are the best performers on Tuesday among major currencies. NZD/USD printed a fresh daily high during the American session at 0.6650, the strongest level in 6 days. The pair holds a bullish tone and is recovering for the second day in a row amid a weak US dollar, risk appetite and ahead of the monetary policy decision by the Reserve Bank of New Zealand (RBNZ) To cut (again) or not to? How much? The central bank is expected to cut again the Official Cash Rate (OCR) like it did during the last meeting as the outlook for the NZ economy continues to worsen. Most analysts expect a decline of 25 basis points to 3% in the OCR. “It is expected to signal scope for additional rate cuts. After talking the Kiwi lower, recent comments have noted the speed of its decline. That, and the suggestion that milk prices will rebound, have helped spur a bounce in the currency. It is nearly 2% off the lows seen yesterday”, wrote analysts from Brown Brothers Harriman. According to them around 0.6700 “sellers will re-emerge”. July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Greek twists and turns - BBH FXStreet (Guatemala) - It is possible, and even likely, that Syriza returns to government in a new election. Key Quotes: "A newspaper poll put Syriza's support at 42.5%, nearly twice the support of New Democracy, which is in second place at 21.5%. " "However, the problem with an election is that it may delay the formal review of Greece's actual implementation of the measures it has promised." "That in turn would delay the debt relief that now even Merkel has accepted as necessary and inevitable." July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Trendiness bounced back sharply in G-10 FX space – Deutsche bank FXStreet (Mumbai) - As per the Deutsche bank research note, Trendiness – defined as the strength of a currency trend;has bounced back sharply in the G10 FX space over the past two weeks, almost entirely driven by the three commodity currencies. Key Quotes “Uniformity - defined as the extent to which exchange rates all move in the same direction, has declined to the lowest level since February, while realized volatility subsided, particularly in EUR/USD. Overall, market conditions have improved over the past fortnight.” “Trendiness in the dollar bloc reflects the sharp re-pricing of monetary policy in Canada, the UK, and New Zealand in particular. High carry in the latter and Australia has been no barrier to FX weakness. Macro drivers have been only weakly correlated to the price action as monetary policy dominates the G10 universe.” July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Redbook index (YoY) dipped from previous 1.4% to 1.2% in July 17 FXStreet.com (Barcelona) For more information, read our latest forex news. July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Go long USD/CAD on dips towards 1.2900/1.2950 – TDS FXStreet (Edinburgh) - The FX Strategy team at TD Securities recommended buying spot on pullbacks towards the 1.2950/1.2900 area. Key Quotes “Next week’s FOMC meeting and Q2 GDP release offers a potential catalyst to push USDCAD higher”. “Since the Greek rescue deal was tabled, the Fed has become incrementally more hawkish”. “If the Fed is moving towards a September hike, then there is a plausible risk that next week’s meeting could contain some potential fireworks”. “Until then however, we do not see much scope for USDCAD to rally further this week”. “Instead, we see a risk of a pullback especially if the retail sales data is stronger than consensus (as we anticipate)”. “In such a circumstance, we think investors may look to enter USDCAD longs around the 1.2900/1.2950 level”. July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CHF supported at 0.9605 FXStreet (Mumbai) - The Swiss franc continues to outperform its US counterpart in the European session, as the CHF bulls ride higher on the wave of widening trade balance which surprised on the upside. While profit-taking on USD longs also added to the downslide in USD/CHF. USD/CHF falls further from 0.9633 Currently, the USD/CHF pair trades -0.33% lower at 0.9615, retreating slightly from 0.9605 session lows. The USD/CHF pair extended losses this session as the Swiss currency continued to remain supported on better than expected Switzerland’s trade data. Switzerland's trade surplus widened in June according to the latest report released on Tuesday. The trade surplus amounted to ₣3.58 billion in the reported month, compared with a revised ₣3.41 billion registered in the previous month. Market had projected a ₣2.80 billion surplus in June. Adding to the losses in USD/CHF, the US dollar remains broadly sold-off on a profit-booking spree after the recent strength backed by hawkish comments from the Fed officials. USD/CHF Technical Levels To the upside, the next resistance is located at 0.9658 (July 20 High) levels and above which it could extend gains 0.9700 levels. To the downside, immediate support might be located at 0.9595 (July 20 Low) levels and below that at 0.9551 (July 17 Low) levels. July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD points to 1.35 in the medium term – Westpac FXStreet (Edinburgh) - In the opinion of strategists at Westpac, the pair could reach the 1.35 area in a 3 to 6-month horizon. Key Quotes “Long held view that the Canadian economy will underwhelm and force the BoC into fresh easing finally a reality”. “The proximity of the zero bound limits the extent of easing but strictly speaking the Bank could (and should eventually) cut once again, taking interest rates back to their credit crunch emergency setting at 0.25%”. “The BoC’s latest forecasts incorporate the known contraction in Q2 but their forecasts for 1.5% annualised growth in Q3 and 2.5% in Q4 remain on the optimistic side”. “USD/CAD 1.35 very achievable on a 3-6 month horizon”. “The medium term/long term momentum / trend structure remains positive and indicative of a sustainable rally. 10 year highs are an obstacle up to 1.3065 that should be overcome in time”. July 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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RBNZ could ease further – RBS FXStreet (Edinburgh) - FX Strategist Greg Gibbs sees the RBNZ lowering further its benchmark rate this week. Key Quotes “After last week’s soft CPI data and weak milk auction, a 25bp rate cut from the RBNZ this week looks extremely likely”. “The market agrees and has it priced in (56bp of cuts over the coming year). We also expect the central bank to leave unchanged its assessment that “further significant downward adjustment is justified” for the exchange rate”. “The market may baulk at selling the NZD near its lows since 2009 after a relatively rapid fall in recent months, but this fall is in-line with the lower interest rates and lower commodity prices, and risk is biased towards further falls in coming weeks in our view”. “It appears likely on track to reach down to around more significant longer term support near .60/.61”. July 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!