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Flash: EUR/USD and stocks higher on US data disappointment - Danske Bank FXstreet.com (Barcelona) - Danske bank analysts note that yesterday’s disappointing durable goods orders out of the US sent rates lower and EUR/USD and equities higher (reversed later) as markets continue to discount the Fed tapering process. Key Quotes “Notably worrying was the capex trend suggesting that businesses started Q3 on a weak footing and unless July proves an outlier,this could imply downside risks to our H2 forecast that US growth will pick up.” “Regarding the global economic outlook, we highlight that growth in developed markets is finally taking off in H2 due to the end of fiscal tightening, a turn in US housing and reduced global uncertainty.” “Rising exports to US and Europe should also help to eventually lift emerging markets (EM) in 2014.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2013 OctaFX.Com News Updates

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Commodities rising on DXY drop FXstreet.com (Athens) - Commodities rose on Friday, as the drop in U.S. new home sales, renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. Will commodities go further this week? A rise in gasoline futures helped oil prices pull higher on Friday following news of a unit shutdown at a Canadian East Coast refinery. Brent crude raised $1.14 to settle at $111.04 a barrel, off earlier highs of $111.23 a barrel. U.S. crude raised $1.39 to $106.42 a barrel, off a session peak of $106.94 and narrowing the contract's discount to Brent to $4.62 a barrel. Gold rose almost 2 percent on Friday, hitting its highest price in more than two months near $1,400 an ounce, as a big drop in U.S. new home sales renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. To elaborate on, the previous week, gold gained 1.6 percent for its third consecutive weekly rise. It has climbed in six out of the past seven weeks since gold fell to a three-year low at $1.180 an ounce on June 28. Last but not least, silver rose 4 percent to $24.04 an ounce, having hit a high of $24.08, which marked the highest since May 9. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2013 OctaFX.Com News Updates

Flash: GBP/USD apprehensive ahead of Carney - OCBC Bank Emmanuel Ng of OCBC Bank notes that after a choppy session, GBP/USD ended slightly lower on the day despite supportive data readings. Key Quotes “Markets may remain apprehensive going into BOE Carney’s appearance on Wednesday amid background fears that the governor may express some discomfort with firmer interest rates.” “On the CFTC front, net speculative GBP shorts were reduced in the latest week but the pair may hesitate on approach of the 1.5750/60 neighborhood on the top side while the 200-day MA (1.5516) may provide initial s support on dips.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2013 OctaFX.Com News Updates

AUD/USD eases from peaks FXstreet.com (Edinburgh) -After climbing to levels beyond 0.9040, the AUD/USD is now back around 0.9030 as investors’ preference for safer assets is weighing on the Aussie dollar. AUD/USD bearish outlook remains It seems the Aussie dollar is trying to stabilize around the 0.9000 handle, although domestic pressure for a weaker currency and the recent USD strength would be plotting against the current resilience of the AUD. “A weaker currency is a necessary condition for full economic rebalancing in Australia. It will likely happen one way or the other – ideally without another rate cut, but if a cut is needed the RBA will not be found wanting… In anticipation of the Fed announcing the beginning of QE3 tapering at the Sept 17-18 FOMC, we lower both our 1m and 3m AUDUSD forecasts to 0.88 (from 0.90)”, assessed G.Yu and G.Berry at UBS. AUD/USD significant levels The pair is now losing 0.09% at 0.9028 with the next support at 0.8970 (low Aug.23) followed by 0.8959 (23.6% of 0.9320-0.8848) and finally 0.8932 (low Aug.22). On the flip side, a break above 0.9050 (high Aug.23) would expose 0.9068 (high Aug.21) and then 0.9083 (Tenkan line). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2013 OctaFX.Com News Updates

EUR/USD jumps after EMU, US data FXstreet.com (Córdoba) - The EUR/USD jumped to fresh daily highs after the latest string of data showed Eurozone consumer confidence rose to a 2-year high in August, while US new home sales dropped sharply in July. Data lifts EUR/USD to 2-day high EUR/USD broke above the 1.3370/75 area, which had been capping the upside over the last 2 days, and printed a high of 1.3387 so far. At time of writing, EUR/USD is trading at the 1.3380 zone, where it records a 0.2% gain on the day. EUR/USD technical levels If EUR/USD manages to clear the 1.3385 zone, next resistances could be found at 1.3400 (psychological level) and 1.3426 (Aug 21 high). On the flip side, supports are seen at 1.3330 (10-day SMA) and the 1.3297/1.3300 area (Aug 22 low/psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 23, 2013 OctaFX.Com News Updates

US New Home Sales decline 13.4% to 394M annual rate in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 23, 2013 OctaFX.Com News Updates

Canada: CPI grows 0.1% in July, 1.3% YoY FXstreet.com (Córdoba) - The Canadian consumer price index grew 0.1% in July accumulating 1.3% year-over-year, a tad above the previous month's 0.0% and 1.2% readings. Market expectations were for a 0.2% rise MoM and 1.4% YoY in July. The core rate, which excludes volatile components such as some food and energy, stood unchanged compared to the previous month but rose 1.4% over the year, which came in line with market expectations. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 23, 2013 OctaFX.Com News Updates

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USD/JPY still upwards ahead of FOMC release FXstreet.com (Athens): EUR/GBP is well supported over 0.8520 area, on better than expected Euro land PMI. European growth prospects as well as no significant UK data, ‘uplift ‘the pair. Despite, sterling’s post FOMC move has largely been in line with the wider American dollar, sterling lost ground against the single currency. Signs of a stabilizing China and improvement in European growth prospects have helped cushion what has been deteriorating risk appetite this week. Mainly, global concerns have been manifested in the form of collapsing emerging markets, which has boosted those currencies with ‘risk-appetite’, growth momentum, like the single currency. Therefore, signs that the Euro-Zone may stay out of recession in the third quarter of 2013 produced a stronger Euro. What’s more, UK data is very light today, therefore the trend is set to continue. Technical outlook on EUR/GBP Jynske Bank Team suggest that ‘We recommend that investors place a sell order at 86.20 to catch EURGBP before the next weakening phase begins. In the short term, EURGBP trades in oversold territory, and therefore we expect that in the short term EURGBP will trade back towards the 86.30-86.90 range. No important fundamentals will be announced in the UK this week. We still expect that GBP will strengthen over the coming 3, 6 and 12 months’. The FXstreet.com Trend Index shows the pair to be slightly bullish.. Daily pivot point support can be found at 0.8520, 0.8500, 0.8484 and resistance at 0.8600, 0.8622, 0.8698, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 22, 2013 OctaFX.Com News Updates

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USD/JPY still upwards ahead of FOMC release FXstreet.com (Athens) - USD/JPY is trading higher well above the 97.00 level amidst the fifth consecutive decline of Asian indices. USD/JPY eyes on FOMC minutes Investors keep waiting for details of discussions at the Federal Reserve’s last policy meeting to gauge when the central bank might pare its bond purchases, against the backdrop of mounting fears that the outing will confirm the beginning of the “tapering” in September. In another tone, Japan’s raised severity of latest Fukushima leak to level 3 ("serious" radiation "incident") on international scale. Fukushima leak and Asian indices jitters, helped a lot to remain above the 97.00 level, despite extended dollar weakening and volatility, ahead of FOMC today’s meeting. Data-wise, the Japanese currency might also being hurt by dismal supermarket sales reported in July down 0.5%, versus up 2.7%, on a yearly basis. Technical outlook on USD/JPY At the time of writing, USD/JPY is trading at 97.50, up 0.24%.The FXstreet.com Trend Index shows the pair to be slightly bearish. Investors should bear in mind that Nikkei Index down 0.79% as USDJ/PY is up 0.18%. Correlation between the two has risen from 0.41 for the past year to 0.65 for the past week. Daily pivot point support can be found at 97.00, 96.82, 96.57 and resistance at 98.09, 98.17 and 98.33, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 21, 2013 OctaFX.Com News Updates

US Dollar Index challenges 81.00 FXstreet.com (Edinburgh) -The greenback, in terms of the US Dollar Index, is reverting the recent 2-day decline so far, hovering over the key support at 81.00 ahead of the FOMC minutes. DXY under pressure The USD would be under pressure today, as markets expectations point to a dovish tone from the FOMC minutes. “If USD selling is the result of today’s events, we would view that as a short term selling opportunity in consideration of the bigger picture outlook. The size and path of Fed tapering is not entirely certain, but in all likelihood should commence in the next month. In a broad sense, less accommodation should continue to be positive for yields and USD”, suggested G.Moore and S.Osborne, FX Strategists at TD Securities. DXY support/resistance levels At the moment the index is up 0.16% at 81.06 and a surpass of 81.94 (high Aug.15) would bring of 82.50 (high Aug.2) and then 83.12 (high Jul.15). On the downside, the initial support lies at 80.86 (low Aug.8) ahead of 80.75 (low Aug.20) and then 80.50 (low Jun.19). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 21, 2013 OctaFX.Com News Updates

GBP/JPY eye's 153.00 FXstreet.com (Barcelona) - GBP/JPY is testing the 153.00 handle ahead of tonight’s main event. GBP/JPY has been a mixed pair while focus turned from GBP to Yen and back to GBP this week. Yields have been in the limelight with global bond prices looking to the Fed minutes this evening. Gareth Berry at UBS FX strategy had said that the US-Japan bond spread continues to widen in favour of USDJPY upside. “We look for more spread widening over the months ahead, as the Fed begins the process of QE3 tapering while the Bank of Japan continues to lean heavily on the JGB curve” Meanwhile, GBP/USD has been eyeing the 1.5700 psychological handle from the start of the week, but with the anticipation of the FOMC minutes coming up tonight, markets have been cautious around the outcome and trading has got off to a slow pace this week so far. The pair has remained in a tight range between 1.5630 and 1.5700. The calendar is very light this morning and afternoon for the pair, but again, the key focus today will clearly be the minutes from the July 30-31 FOMC as the market looks for signals in timing and scale of the Fed’s plans to taper its current QE policy. GBP/JPY has a positive bias GBP/JPY is trading with a positive bias yet again with the 20 DMA at 151.00, the 50 DMA at 150.90 and the 200 DMA is 145.90. RSI (9) prints 56.52. Supports are ascending from 149.80, 150.65, 151.20 and151.70. Spot is currently 152.77 while resistances are 153.10 153.60 154.05 154.65. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 21, 2013 OctaFX.Com News Updates

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Flash: CAD, nervous trading environment - TD Securities FXstreet.com (Barcelona) - The CAD is opening up a little softer overall amid illiquid and somewhat nervous trading, said research teams at TD Securities. Key Quotes: “Developing market tensions remain front and centre but, for the most part, pressure on the likes of the INR and IDR have yet to spill more obviously over into the developed market space”. “Investors are unsettled though as rising US yields imply Fed tapering expectations are setting more firmly into the market psyche.” “Assets that have broadly benefitted from excess central bank liquidity such as large current account deficit, developing market currencies face a harder time attracting investment inflows and that trend is spilling over into the high beta FX pairs as well to some degree”. “USD/CAD is firmer but spot may be close to the upper end of the intraday range as we open up out session. We spot short-term resistance in the 1.0375/80 zone, ahead of key resistance on the daily chart at 1.0425/45”. “The technical picture turners more obviously bullish above here. Key support remains 1.0295/00 (rising trend support off the mid-June low) on the daily chart.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 20, 2013 OctaFX.Com News Updates

USD/CAD reaches 1.0400 on weak Canadian wholesale sales FXstreet.com (Córdoba) - The USD/CAD extended gains to the 1.0400 area after data showed Canadian Wholesale Sales fell much more than expected in June (-2.8% vs 0.7% exp), weighing on the loonie. USD/CAD broke above the 1.0375 zone and jumped to a fresh 2-week high of 1.0400 before the psychological level halted the rise. At time of writing, USD/CAD is trading at the 1.0390 zone, where it records a 0.5% gain on the day. USD/CAD levels to watch If USD/CAD manages to break above 1.0400, next resistances could be found at 1.0430 (Aug 8 high) and 1.0450 (Jul 11 high). On the other hand, supports are seen at 1.0345 (session low) and 1.0300 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 20, 2013 OctaFX.Com News Updates

Canada: Wholesale Sales dropped 2.8% in June FXstreet.com (Edinburgh) -Canadian Wholesale Sales contracted 2.8% on a monthly basis during June, missing forecasts at -0.7% and down from May’s 2.2% advance (revised). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 20, 2013 OctaFX.Com News Updates

US sells $25Bn in 6-month bills at 0.075% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 19, 2013 OctaFX.Com News Updates

NZD/USD retreats from 3-month high FXstreet.com (Córdoba) - The NZD/USD came under pressure during the European session and has been steadily receding ground ever since weighed by the decline in risk appetite. NZD/USD dips back below 0.8100 NZD/USD dropped nearly 90 pips from highs, breaking below the 0.8100 mark to bottom out at 0.8076 in recent dealings. At time of writing, NZD/USD is trading at the 0.8080 zone, still 0.4% below its opening price. NZD/USD technical levels As for technical levels, immediate supports for NZD/USD could be found at 0.8076 (daily low), 0.8050 (100-hour SMA) and 0.8015 (10-day SMA). On the flip side, resistances are seen at 0.8105 (100-day SMA) and 0.8162 (3-month high scored earlier). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 19, 2013 OctaFX.Com News Updates

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Start your successful trading with OctaFX today! Trade Forex with OctaFx and get: upto 50% Bonus Free 8 USD No Deposit Bonus! Requote-free Trading 1000 USD Demo Champions Contest Road King contest chance to win "Porsche Panamera, Ipads, Mac, Iphones & more Daily reviews and trading ideas Deposit & Withdrawal Instant Convenient and easy deposit & withdrawal methods High Commission for IB's Partners Demo accounts Clients Funds Protection Lowest Spread Low as 0.2 Metatrader PC, IOS Mobile, Android, (News in your Metatrader 4 from OctaFX and FXstreet.com) Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

Flash: USD/JPY eyes upside, 98.67 the figure to break – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions. Key quotes Beginning with the USD/JPY, “Resistance is at 98.67, a close above this would extend the recent strength to 99.95 and then 101.53. Support is at 95.81 ahead of 93.79. “The strength over the past two days reinforces the bullish theme, opening the way to test the critical resistance at 1.5752. Support is at 1.5496..” Finally, in terms of the USD/CHF, “Fresh selling pressure materialized after testing the strong resistance at 0.9395. The risk is for a move below support at 0.9175 and test the important support at 0.9130. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 16, 2013 OctaFX.Com News Updates

USD/CHF bounces from lows and erases losses FXstreet.com (Córdoba) - The US dollar managed to trim losses versus most competitors after disappointing data sent the greenback to daily lows. The USD/CHF bounced from a 4-day low of 0.9216, erasing intraday losses and rising back to the 0.9270 zone, where it is virtually unchanged on the day as another week comes to an end in Europe. USD/CHF technical levels As for technical levels, immediate resistances could be found at 0.9287 (daily high) and 0.9305 (100-hour SMA), while supports are now seen at 0.9216 (daily low) and 0.9200 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 16, 2013 OctaFX.Com News Updates