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EUR/USD jumps to 1.3545 as ECB wouldn't cut rates tomorrow FXstreet.com (San Francisco) - The Euro got a push from news in the last minutes as rumors ECB officials sources say a rate cut not likely tomorrow event amid inflation dip. Against the US Dollar, the Euro has jumped around 45 pips in the latest few minutes from 1.3500 to break above the 1.3530 area and price at 1.3545. Currently the EUR/USD is moving at 1.3540, 0.50% positive on the day. EUR/USD technical levels As for technical levels, the EUR/USD could find immediate resistances at 1.3565 and 1.3590 (Nov 1 high) followed by 1.3635. On the other hand, supports are seen at 1.3466 (daily low) and 1.3442 (Nov 4 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 06,2013 OctaFX.Com News Updates

EUR/USD consolidates below 1.3530 FXstreet.com (Córdoba) - The advance of the euro against the dollar propelled by Germany factory orders data stalled at the 1.3530 zone, confining EUR/USD to a phase of consolidation over the last hours. EUR/USD finds resistance at 1.3530 Even though the EUR/USD managed to print a fresh weekly high of 1.3531 Wednesday, it remains within familiar ranges as investors refrain from taking big positions ahead of the European Central Bank decision tomorrow and the US NFP Friday. At time of writing, the EUR/USD is trading at the 1.3505 area, recording a 0.2% gain on the day. What if ECB doesn't deliver? Regarding the ECB decision, the BBH analyst team commented that the "EUR/USD has so far been unable to break below $1.3450 this week, and if the ECB doesn't deliver a cut as some expect, the pair could see a bit of a bounce to end the week". EUR/USD technical levels As for technical levels, EUR/USD could find immediate resistances at 1.3531 (daily high) and 1.3589 (Nov 1 high) followed by 1.3600 (psychological level). On the other hand, supports are seen at 1.3466 (daily low) and 1.3442 (Nov 4 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 06,2013 OctaFX.Com News Updates

EUR/CAD shows little attention to Canadian data FXstreet.com (Athens) – The EUR/CAD did not pay much attention on the worse Canadian data ahead of the crucial ECB conference. The EUR/CAD might be mostly focused on what Draghi will say tomorrow; thus, the cross was muted on worse than expected Canadian building permits. Canadian building permits rebounded slower than expected in September, up 0.2% from the previous September as of 2012. Technical Aspects on the EUR/CAD Stephen Gallo on behalf of BMO FX Strategy suggests that “…EUR/CAD has once again bounced off the strong support around 1.4050/1.4060… A break back through 1.4125 should induce further demand. We are still of the view that CAD will gradually weaken in to the end of this year..” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 06,2013 OctaFX.Com News Updates

Canada September Building Permits (MoM) improves to 1.7% Read more in Forex News Nov 06,2013 OctaFX.Com News Updates

澳储行陷入两难 Read more in Forex News Nov 05,2013 OctaFX.Com News Updates

USD/CAD slightly lower due to the US dismal consumer spending report FXstreet.com (Athens) – The USD/CAD grinds slightly lower after the US Redbook weekly sales released at dismal levels. The USD/CAD was hovering around 1.0453 area, before the release of the US consumer spending report, which revealed a second weekly soft US consumer spending report regarding for the US economy. Thus, it could be well taken for granted that the Fed will remain on hold since the continuing soft data does not leave the US Central Bank much option. Briefly, the cross lost a slight ground as of 20 pips (1.0424), but the past couple of minutes managed to pare the largest portion of its losses, hovering around 1.0440 area. Technical Aspects on the USD/CAD It is noteworthy to mention that a decent daily break of the support of 1.0422 (23.6% Fib ret.) could expose the pair further downwards to the area as of 1.0376 (38.2% Fib). Greg Moore on behalf of TD Securities mentions that “USD/CAD tested the 1.04 level yesterday but there was no real appetite to push the USD significantly lower and that might well be the extent of the USD dip for the moment. In the context of relatively subdued ranges elsewhere, the USD/CAD rebound looked quite impressive to us and we think the market has done enough to signal a firmer short-term base at 1.0400/20 now.” Nov 05,2013 OctaFX.Com News Updates

Flash: The ECB doing homework, EUR/USD to weaken through trendline? – Societe Generale FXstreet.com (London) - Sebastien Galy, analyst at Societe Generale said that the ECB published a paper on the feasibility of counter cyclical buffers this morning, ahead of the ECB meeting. In the business of signalling, this is stating we are doing our homework. Key Quotes: “Parts of core Europe housing market will eventually need these counter cyclical buffer and it might be the price to pay to agree to a rat cut, one would presume. A few months ago, officials were crystal clear that they had done their home work extensively on the implication of a rate cut on financial instruments, the financial system and the linkage between rates and other financial assets. Our economists expect a rate cut in Dec which seems to be where consensus is heading”. “Has the FX market already priced this in? In good part, but the temptation to break below the EURUSD upward trending channel will probably be too strong. A rate cut will encourage more flows into the Euro periphery likely leading to a stabilization of eurusd in a wide range”. “UK data continues to be very solid helping EURGBP to gap down towards the 0.84 support. While a consolidation is now likely the market is likely to trend lower after this period on a continued divergence between the UK and EU business cycle”. Nov 05,2013 OctaFX.Com News Updates

Flash: AUD is uncomfortably high – Rabobank FXstreet.com (London) - Jane Foley, Senior Currency Strategist at Rabobank said that the RBA Governor Stevens was again successful in talking down the AUD overnight. Key Quote: “Although the decision by the RBA to leave rates on hold was expected by the market, the comment that the AUD was “uncomfortably high” succeeded in undermining the currency”. “On balance we expect that while hopes that the Fed will delay tapering could support AUD/USD on a 3 month view that the AUD will be vulnerable into 2014”. “On a 12 month view we see risk that AUD/USD could revisit this year’s low in the 0.88 region”. Nov 05,2013 OctaFX.Com News Updates

欧洲央行康斯坦西奥：欧洲银行业有在不加剧“大而不倒”问题的同时进行一些整固的空间 Forex21.cn—欧洲央行康斯坦西奥：欧洲银行业有在不加剧“大而不倒”问题的同时进行一些整固的空间。 ** Forex21.cn 新闻编辑部，FXstreet.com ** Nov 05,2013 OctaFX.Com News Updates

GBP/USD looking for a close in the 1.6000’s FXstreet.com (London) - GBP/USD has had a bounce from 1.5860/90 support and is up 0.41% at 1.6041. GBP/USD would be looking for a close above 1.5980 for a broader move in the 1.6050/75 area while on the data, services PMI were in line with consensus. The NIESR report suggests the BOE may not wait for 7% unemployment before hiking and this too has had some impact. ISM Non-Manufacturing PMI (Oct) are coming up from the US a little later on while the market anticipates BoE Thursday and NFP’s at the end of the week. Key supports remain in the September break up points, 1.5935 1.5894 and 1.5844. GBP/USD Levels The 20 DMA is 1.6064, the 50 DMA is 1.5948 and the 200 DM is 1.5487. RSI (14) reads 77.46. Supports are ascending from 1.5829, 1.5844, 1.5869, 1.5894, 1.5935, 1.5977, 1.5999 and 1.6015. Spot is currently 1.6041 and resistances are 1.6046 and 1.6079. Nov 05,2013 OctaFX.Com News Updates

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AUD/USD remains just within the 0.9500 handle FXstreet.com (London) - >="">AUD/USD has held form in the US session with the pair above 0.9500 and up 0.74% at 0.9505, off from the lows in 0.9439 and marking a high of 0.9516. Research teams at TD Securities noted that Retail sales rose +0.8%/mth, doubling mkt expectations and volumes jumped +0.7%/qtr, a strong start to Q3 GDP. This report will be welcomed by the RBA as a fresh source of “non-mining” growth, complementing the acceleration in building approvals (+6%/qtr in Q2 and +8%/qtr in Q3), signaling that a housing construction cycle is also underway”. Rates are widely expected to remain unchanged even while all the economic data signals a recovery and the RBA’s increased vigilance as regards rising house prices and high private household debt points towards an end of rate cuts. However, in order to help prevent the increasing appreciation pressure on the AUD, the rong>RBA may wish to keep a low profile regarding the rate outlook. AUD/USD Levels The 20 DMA is 0.9535, the 50 DMA is 0.9364 and the 200 DM is 0.9714. RSI (14) reads 35.12. Supports are ascending from 0.9334, 0.9389, 0.9410, 0.9430 and 0.9480. Spot is 0.9508 while resistances are coming in at 0.9530, 0.9556, 0.9585 and 0.9624. Nov 04,2013 OctaFX.Com News Updates

USD/CAD dips are another chance to get long? FXstreet.com (London) - USD/CAD’s short-term charts are flashing some mixed signals so far today. Research teams at TD Securities explain that in the negative column, the loss of support in the 1.0420 zone confers a softer look to short-term price action. “Additionally, short-term trend momentum signals are bearish but not especially strong at present. On the positive side, USD losses so far have been limited and the market may simply be consolidating last week’s pop to the high 1.04s (bull wedge or bull flag signal potentially unfolding)”. They said that they can’t rule out a little more weakness here near-term to retrace some of last week’s rally but they rather think that losses will remain contained to the mid/upper 1.03 area for the moment. “The daily trend oscillators are still bullish for USD/CAD and in contrast to the negative signal on the short-term chart noted above. They explained that the medium-term trend in USD/CAD remains higher, as does the shorter-term (daily) trend so they rather think near-term weakness is likely to remain limited and that dips will offer USD buyers another chance to get long. USD/CAD Levels The 20 DMA is 1.0377, the 50 DMA is 1.0376 and the 200 DMA is 1.0282. RSI (14) reads 43.52. Supports are ascending from 1.0340, 1.0366 and 1.0384. spot is 1.0411 while resistances are 1.0419, 1.0454, 1.0464, 1.0497 and 1.0505. Nov 04,2013 OctaFX.Com News Updates

GBP/USD at daily highs ahead of the NY open FXstreet.com (Córdoba) - The GBP/USD is taking a breather Monday, recovering some ground after recent drop found support ahead of 1.5900. GBP/USD bottomed out at 1.5902 during the Asian session but managed hold above mid-October lows and bounced, supported by upbeat UK construction PMI. GBP/USD climbed nearly 70 pips from lows and reached a high of 1.5971 before losing momentum and settling in a slim range. GBP/USD technical levels At time of writing, the GBP/USD is trading at the 1.5965 area, recording a 0.3% gain on the day with immediate resistances lining up at 1.5971 (daily high), 1.6000 (psychological level) and 1.6017 (100-hour SMA). On the flip side, supports are seen at 1.5902/00 (daily low/psychological level) and 1.5893 (Oct 16 low). Nov 04,2013 OctaFX.Com News Updates

USD/CAD downwards; struggles to remain above the 1.0400 handle FXstreet.com (Athens) – The USD/CAD is heading south the past hour, continuing the bearish tone that has picked up since the past Thursday. The USD/CAD is under heavy pressure the last hour – without any real fundamental trigger – as the immense drop on Thursday seems to continue to weigh on. Ahead of, we will witness a crucial week for both currencies, as apart from the major US news (ISM,NFP), there is a hefty of Canadian news. Briefly, regarding Canada, on Friday we will have the release of October employment where the market in looking for a flat print as well as the October housing starts. What’s more, the Ivey PMI is due on Wednesday. Technical Aspects on the USD/CAD As above depicted, the solid Thursday’s drop still continues to set up a bearish tone. However, the cross might clearly break the 1.0360-1.0367 area where a confluence of major supports are laying (30-daily MA at 1.0361, 24th October low as of 1.0366) in order to say that it is in a downtrend reversal mode. Marc Chandler, Global Head Strategist of Currency Market Team, suggests that “….Yet the Canadian dollar is not very inspiring. It has been in a broad range for several months. Look for narrow CAD1.0350-CAD1.0450 range to dominate until toward the end of the week. Both countries report Oct employment data on Nov 8.” Nov 04,2013 OctaFX.Com News Updates

Flash: GBP/USD lower on US data and profit taking - Investec FXstreet.com (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec notes that GBP/USD also moved lower on Friday last week after upside surprises to US data and a general profit taking. Key Quotes “We saw GBP/USD race lower through the ever important physiological level 1.6000, as the first batch of October US data (from during the shutdown period) and strong manufacturing sector data showed the US economy was in better shape than many had expected.” Nov 04,2013 OctaFX.Com News Updates

China Non-manufacturing PMI improves to 56.3 in October from 55.4 Read more in Forex News. Nov 03,2013 OctaFX.Com News Updates

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AUD/USD clings to gains FXstreet.com (Córdoba) - The AUD/USD failed to extend its recovery attempt above 0.9500 and was confined to a phase of consolidation Friday. The AUD/USD is attempting to recover some ground after a 7-day losing streak, although the Aussie lacks real strength and moves are mainly corrective. The AUD/USD climbed to a high of 0.9489 only to find resistance and pull back to currently trade around 0.9470, still 0.2% above its opening price. AUD/USD technical levels In terms of technical levels, if the AUD/USD breaks decisively above the 0.9490/0.9500 zone, next resistances could be found at 0.9525 (Oct 31 high) and 0.9575 (Oct 29 high). On the other hand, supports are seen at 0.9440 (Nov 1 & Oct 30 low) and 0.9400 (psychological level). Nov 01,2013 OctaFX.Com News Updates

Flash: AUD/USD may get a further support from China PMI – OCBC FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that early this morning, the AiG manufacturing index improved to 53.2 in Oct 13 from 51.7 the previous month and the pair may get a further layer of support from the better than expected China manufacturing PMI. Key Quotes “We however would refrain from chasing the AUD/USD higher at this juncture and any failure to re-take 0.9500 continues to risk a relapse back towards 0.9400/20.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 01,2013 OctaFX.Com News Updates

EUR/JPY struggles to recapture the 133.00 handle FXstreet.com (Athens) – The EUR/JPY is making its best effort to overcome again the 133.00 area the last couple of hours, but still lacks the uptrend momentum to do so. The EUR/JPY is behaving entirely differently in the European trading hours in relation to its trend shift in the Asian trading session. Briefly, while in Asia mainly due to the sharp fall of the Nikkei index as well as due to the single currency weakening across the board, the cross suffered major losses. Interestingly, in the last couple of hours the cross gained some uptrend momentum trying to move higher, but it is still well capped by 133.00 area. An increasing number of analysts, traders now believe that ECB will cut the rate interest ‘sooner’ than ‘later’; precisely, UBS “expects ECB to cut its interest rates on the 7th November due to yesterday’s muted inflation”. Such a move would probably put the common currency under more pressure, thus would also had a negative impact on the cross. Technical Perspective on the EUR/JPY The cross missed the opportunity to extend its uptrend momentum when on Wednesday reached closely the 2013 peak (135.52), touching the 134.45 level. While, it failed to do so, the probabilities to continue on a downtrend shift are high. The crucial supports are laying at 132.47 (daily low as of 11th October), 132.00 (mainly psychological level) and finally 131.69 (daily low as of 10th October). On the upside, the cross should first of all overcome the first hurdle as of 133.70 (38.2%Fib. of the downtrend move as of 135.45-132.62), in order to focus again the 134.40-134.50 area, where the 100-hourly SMA and 200-hourly SMA are laying. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 01,2013 OctaFX.Com News Updates

Flash: EUR could remain weak in run up to ECB presser - BMO Capital Markets FXstreet.com (Barcelona) - Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets feels that the EUR should remain on the ‘feeble’ side in the run-up to the ECB press conference towards the end of next week, but the EUR weakness now poses a complex problem for the central bank. Key Quotes "The difficulty facing the ECB is to get the EUR devaluation to persist or extend beyond next week’s rate decision. Additional liquidity support is a EUR negative, but to the extent that it triggers more capital inflows or non-existent re-pricing of credit spreads, it can also be a EUR positive too." "Additionally, some participants may still be nestled deep within Euro Area credit markets on expectations that the AQR will be rather smooth and painless." "Aggressive ECB action now might force investors to remain of that view, but we’d be on the other side of that trade on a 3-6-month outlook." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 01,2013 OctaFX.Com News Updates