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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

USD/CAD extends gains higher FXstreet.com (New York) - The USD/CAD foreign exchange rate has been performing remarkably better Friday, after a brush with negativity yesterday – a familiar path for most USD pairs. USD/CAD strategic bias According to the TD Securities Team, “On the charts, the USD/CAD did not avoid the whippy price action that has pervaded the market over the past 24 hours, but its moves were much tamer than many of the other major currencies. The short and medium term charts are still reflective of a consolidation phase for the pair, and the longer-term charts (weekly) suggest the bull trend is still intact. With that in mind, we still favor an ultimate break to the upside of the current neutral range, which is defined by 1.0250/1.0445.” USD/CAD technical levels The USD/CAD has moved up to 1.0347 in these moments, though is still trading below its highs at 1.0362 Friday. At this juncture, the pair is securing a gain of +0.40% above opening during US trading. Technically speaking, the USD/CAD will face resistance at 1.0365, onto 1.0405, notes the Danske Research Team. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 16, 2013 OctaFX.Com News Updates

USD/CAD extends gains higher FXstreet.com (New York) - The USD/CAD foreign exchange rate has been performing remarkably better Friday, after a brush with negativity yesterday – a familiar path for most USD pairs. USD/CAD strategic bias According to the TD Securities Team, “On the charts, the USD/CAD did not avoid the whippy price action that has pervaded the market over the past 24 hours, but its moves were much tamer than many of the other major currencies. The short and medium term charts are still reflective of a consolidation phase for the pair, and the longer-term charts (weekly) suggest the bull trend is still intact. With that in mind, we still favor an ultimate break to the upside of the current neutral range, which is defined by 1.0250/1.0445.” USD/CAD technical levels The USD/CAD has moved up to 1.0347 in these moments, though is still trading below its highs at 1.0362 Friday. At this juncture, the pair is securing a gain of +0.40% above opening during US trading. Technically speaking, the USD/CAD will face resistance at 1.0365, onto 1.0405, notes the Danske Research Team. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 16, 2013 OctaFX.Com News Updates

GBP/USD rejected from above 1.5650 FXstreet.com (Córdoba) - After repeated failure to decisively break above the 1.5650/55 area, GBP/USD turned lower and retraced some of its recent gains, dropping to fresh daily lows in recent dealings. The GBP/USD hit a fresh 2-month high of 1.5655, but was rejected from that level and surrendered gains, dipping into negative ground for the day. At time of writing, GBP/USD is trading at the 1.5610 zone, down 0.2% on the day, having scored a daily low of 1.5606 in recent dealings. GBP/USD levels to watch In terms of technical levels, immediate supports are seen at 1.5606/00 (daily lows/psychological level) and 1.5517 (200-day SMA). On the other hand, if GBP/USD manages to break above the 1.5650/55 area, next resistances could be found at 1.5678 (Jun 19 high) and 1.5700 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 16, 2013 OctaFX.Com News Updates

Flash: EUR/USD targets 1.3417 resistance with bullishness intact – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses. Key quotes “With bullish conditions in place, the EUR/USD has its first resistance focus at 1.3417, a break above which would open 1.3520. Support is at 1.3206 ahead of 1.3154, suggesting a bullish outlook.” In terms of the EUR/CHF, “With the MACD threatening to cross above its zero line, the risk is for more upside. Resistance is at 1.2466/85. Support is at 1.2331 ahead of 1.2268.” Moving to the EUR/GBP, “The cross closed below 0.8540 and this is a bearish trigger, indicating scope for a move 0.8469 and test the important support at 0.8398. Resistance sis at 0.8569 ahead of 0.8610.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 16, 2013 OctaFX.Com News Updates

Gold held at 1365 resistance, silver testing 23.00 FXstreet.com (New York) - Precious metals have clung to their gains Friday, held by respective resistances that have retraced off of earlier highs. Gold testing 1365 resistance Gold prices initially broke the 1365 resistance and traded as high as 1373 earlier today, though during US trading prices have retreated back to 1365. Despite this easing however, the bullish momentum remains strong, and accordingly a bullish scenario is still maintained. At the time of writing, gold prices are trading at USD $1365.35 per oz. Friday. Silver testing 22.00 Silver breached the 23.00 level earlier today, trading in the heights of 23.27 (daily high) before an easing back towards the 23.00 resistance. Ultimately the technicals still support a push higher, with the MACD in positive territory supporting the bullish wave, and the possible breakout continues to be effective. The price of silver has now moved to USD $23.05 per oz. during US trading. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 16, 2013 OctaFX.Com News Updates

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GBP/USD catapults higher as 1.5600 barrier fails to curb advance FXstreet.com (New York) - The GBP/USD foreign exchange rate surged to fresh highs Thursday, streaming above the 1.5600 level during US trading. Technically speaking, the GBP/USD is now operating at 1.5638, securing a steadfast gain of +0.87% above it’s opening during US trading. With the GBP/USD already breaking resistance at 1.5621, the next level of correction will attempt to stymie an advance at 1.5695, notes the Mataf.net analyst team. GBP/USD strategic bias According to the Technical Analyst Team at ICN.com, “The GBP/USD is attempting to the upside but notably breached the 78.6% correction at 1.5550. This level represents an intraday interval and a break above this will avert a bearish correction during the US session especially, despite the fact the stochastic is still negative.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

GBP/JPY, persists on upswing FXstreet.com (Chicago) - GBP/JPY accumulates 0.21% gains so far despite strong retracement from 153.20 zone earlier today. Earlier in the UK, retail sales data triggered a bullish reaction as the pair peaked above 153.20. At 1.1% (MoM), retail sales were better than expected as projections were at 0.6%. Similarly, retail sales ex-fuel matched 1.1% to outbeat the same estimates, up 0.5%. Since the data was released, the price has cascaded to the 152.32 zone to trade at 152.26 between supports at 152.00 (July 16th highs), 151.76 (June 21st highs) ahead of 151.55 (July 8th highs) and resistances at 152.33 (July 22nd lows), 152.65 (July 31st highs) followed by 152.96 (July 28th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis, navigating above EMA20. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

USD/CHF, smashed by the bears? FXstreet.com (Chicago) - USD/CHF tops losers among major currency pairs accumulating 0.73% daily losses and dropping to 0.9248 intraday lows. Price action reveals a strong bearish sentiment among market participants as the pair has been sent to new grounds within seconds. At 0.9259, the pair trades between supports at 0.9262 (June 16th highs), 0.9237 (August 6th lows) ahead of 0.9214 (August 10th lows) and resistances at 0.9286 (August 7th highs), 0.9310 (June 22nd lows) followed by 0.9330 (July 31st highs). According to the FXstreet.com trend index the pair is slightly bearish on one-hour timeframe analysis with a MACD pointing down. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

EUR/USD climbs to highs around 1.3350 FXstreet.com (Edinburgh) -A sudden bout of buying interest catapulted the EUR/USD to fresh weekly highs around 1.3350 on Thursday, although giving away some pips afterwards. EUR/USD extends upside beyond 1.3300 It seems this is the push the single currency was looking for in order to follow through 1.3300 the figure. Although the catalyst remains yet unknown, market chatter places stop orders triggered after the USD/JPY fell to session lows around 97.30. EUR/USD levels to watch As of writing the pair is advancing 0.48% at 1.3320 with the next resistance at 1.3345 (high Aug.12) followed by 1.3391 (high Aug.9). On the downside, a breach of 1.3188 (low Aug.2) would open the door to 1.3179 (MA30d) and then 1.3164 (low Jul.23). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

US Dollar Index losing its shine FXstreet.com (Edinburgh) -After a quick spike beyond 81.90 post-jobs data, the greenback – gauged by the US Dollar Index – is trading back to the negative territory around 81.65/70. DXY keeps the red on mixed data The cheerful tone on multi-year lows of Initial Claims - level last seen in October 2007 - was rapidly eclipsed by the industrial production and regional manufacturing indices bellow forecasts, prompting the world’s reserve to scale back initial gains. Daragh Mayer, Senior FX Strategist at HSBC Research, assessed, “despite the market's recent focus on the prospects for Fed tapering, there is not yet strong evidence that this theme has started to dominate. This may change once market activity picks up again in September, but for now local news may be more important than global developments in driving FX rates”. DXY levels to watch The index is now losing 0.08% at 81.67 with the immediate support at 80.86 (low Aug.8) followed by 80.50 (low Jun.19) and then 80.27 (low Feb.20). On the upside, a break above 82.50 (high Aug.2) would expose 83.12 (high Jul.15) and then 84.75 (high Jul.9). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

USD/JPY unstable below 98.00? FXstreet.com (New York) - The USD/JPY foreign exchange rate has been entrenched in negative territory Thursday, careening off a ledge and tumbling below the 98.00 region during US trading. USD/JPY strategic bias According to Jim Langlands at FX Charts, “On the topside, above 98.40, the 200-day MA lies at 98.68. A sustained move above here would see a move towards 99.00 and eventually 100.00. There are plenty of sellers lined up at the higher levels and I would really be quite surprised to see the dollar trade much above the 200-day MA today. On the downside, 97.90 is the immediate support. Below this further bids are likely at 97.75 and then 97.50. I would be surprised to see it back down here either, but if wrong, further bids should be found at 97.20.” USD/JPY technical levels The USD/JPY has recovered the mark of 97.88 in these moments, after touching the 97.59 level earlier (session low). At this juncture, the pair is incurring a loss of -0.26% off its opening during US trading. Technically speaking, the USD/JPY will face support at 97.64, ahead of 97.37, and 96.98. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

AUD/USD bounces off lows, though downtrend remains FXstreet.com (New York) - The AUD/USD technical pair took a tumble Thursday morning during US trading, as the USD had its way with the AUD after the release of earlier US CPI and employment data. Having bottomed out at 0.9058 (session low), the AUD/USD is now navigating the region of 0.9085, en route to a staunch decline of -0.41% off its opening. Briefing the technicals, the AUD/USD blew through previous support at 0.9103, and will now look to 0.9052 and 0.9023 to suspend any further collapse, calculates the Mataf.net analyst team. AUD/USD strategic bias According to Axel Rudolph, an analyst at Commerzbank, “The AUD/USD is bouncing off the breached downtrend channel line at 0.9050 and has the 55-day MA at 0.9247 back in focus. Between it and the 0.9319 July high we should see failure and the resumption of the longer-term bearish trend. Longer-term we remain negative and our downside target is seen at 0.8550, the 50% retracement of the move up from 2008. Our longer-term downside target measured from the top is 0.7700.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

US EIA Natural Gas Storage change falls to 65B in August 9 from 96B Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

St. Louis Fed head Bullard worried about rising US yields FXstreet.com (Barcelona) - St. Louis Fed President James Bullard expressed his worries about the increase in the benchmark US 10-year bond yields, after they hit a two-year high on Thursday. "I think it is a concern," he admitted, speaking at the Breakfast with the Fed event sponsored by the Bank’s Louisville Branch. He added however that "the level of yields now is still quite low by historical standards." Bullard referred to the situation of the US housing market, which in his opinion is strong enough overcome the higher yields. He also suggested there were currently no major asset bubbles which could undermine financial stability in the US. As far as the Fed QE tapering prospects are concerned, Bullard reiterated that reducing asset purchases too aggressively could lead to a further drop in inflation. That is why initially QE could be scaled back only by a small amount. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 15, 2013 OctaFX.Com News Updates

EUR/CHF on meteoritic rise to 10-days highs FXstreet.com (Chicago) - EUR/CHF clawed above 1.2370 zone on formidable Tuesday session upswing. Earlier in Europe, the ZEW survey was out with a 44.0 economic sentiment outperforming expectations at 37.4 and previous 32.8. Similarly, industrial production results (YoY) reached 0.3% vs. projected 0.2%, sending the euro to new levels against a timid Swissy. Technically speaking, the pair trades at 1.2373, between supports at 1.2365 (June 18th highs), 1.2356 (August 2nd highs) ahead of 1.2347 (July 31st highs) and resistances at 1.2375 (July 1st highs), 1.2384 (August 12th highs) followed by 1.2397 (July 16th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a MACD pointing up. Market participants await Euro-zone GDP data for the second quarter of the year to be available publicly tomorrow morning. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2013 OctaFX.Com News Updates

EUR/CHF on meteoritic rise to 10-days highs FXstreet.com (Chicago) - EUR/CHF clawed above 1.2370 zone on formidable Tuesday session upswing. Earlier in Europe, the ZEW survey was out with a 44.0 economic sentiment outperforming expectations at 37.4 and previous 32.8. Similarly, industrial production results (YoY) reached 0.3% vs. projected 0.2%, sending the euro to new levels against a timid Swissy. Technically speaking, the pair trades at 1.2373, between supports at 1.2365 (June 18th highs), 1.2356 (August 2nd highs) ahead of 1.2347 (July 31st highs) and resistances at 1.2375 (July 1st highs), 1.2384 (August 12th highs) followed by 1.2397 (July 16th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a MACD pointing up. Market participants await Euro-zone GDP data for the second quarter of the year to be available publicly tomorrow morning. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2013 OctaFX.Com News Updates

EUR/USD bouncing timidly to 1.3250 FXstreet.com (Edinburgh) -The shared currency continues to show lack of confidence in any upside attempt on Tuesday, with the EUR/USD now hovering over the mid 1.3200s. EUR/USD surrender gains The pair matched last week’s lows in the lower 1.3200s in the wake of the US retail sales, intensifying the broader bearishness after recent peaks around the critical 1.3400 the figure. Camilla Sutton, Chief FX Strategist at Scotiabank, argued that short-term technical remains bullish although losing momentum, adding, “the MACD is even flirting with a bearish cross and candlesticks warn of a shift from the bulls to the bears being in control of the market. EUR continues to trade within its broad 1.28 to 1.34 range and likely needs a catalyst to be pushed outside”. EUR/USD levels to watch At the moment the pair is down 0.36% at 1.3252 and a breakdown of 1.3200 (psychological level) would open the door to 1.3188 (low Aug.2) and finally 1.3166 (low Jul.25). On the upside, resistance levels line up at 1.3391 (high Aug.9) followed by 1.3401 (high Aug.8) and then 1.3417 (high Jun.19). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2013 OctaFX.Com News Updates

EUR/USD bouncing timidly to 1.3250 FXstreet.com (Edinburgh) -The shared currency continues to show lack of confidence in any upside attempt on Tuesday, with the EUR/USD now hovering over the mid 1.3200s. EUR/USD surrender gains The pair matched last week’s lows in the lower 1.3200s in the wake of the US retail sales, intensifying the broader bearishness after recent peaks around the critical 1.3400 the figure. Camilla Sutton, Chief FX Strategist at Scotiabank, argued that short-term technical remains bullish although losing momentum, adding, “the MACD is even flirting with a bearish cross and candlesticks warn of a shift from the bulls to the bears being in control of the market. EUR continues to trade within its broad 1.28 to 1.34 range and likely needs a catalyst to be pushed outside”. EUR/USD levels to watch At the moment the pair is down 0.36% at 1.3252 and a breakdown of 1.3200 (psychological level) would open the door to 1.3188 (low Aug.2) and finally 1.3166 (low Jul.25). On the upside, resistance levels line up at 1.3391 (high Aug.9) followed by 1.3401 (high Aug.8) and then 1.3417 (high Jun.19). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2013 OctaFX.Com News Updates

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US sells $30Bn of 3-month bills at 0.055% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2013 OctaFX.Com News Updates

USD/JPY extends the correction FXstreet.com (Edinburgh) -The USD is easing some ground on Monday after lifting the USD/JPY to fresh intraday highs around 96.90. USD/JPY hurt by data The Japanese yen managed to leave behind the disappointing data from the Annualized GDP, expanding 2.6% during the second quarter vs. 3.6% expected. Further data also showed that Machine Tool Orders contracted at an annual pace of 12.1% during July. “Moderate scale Japanese net buying of foreign bonds isn’t enough to counter nerves over Japan-China tensions and Nikkei vulnerability to fears that PM Abe’s "third arrow" of reform will never really be fired. "Obon" week should keep volume light, with scope for USD/JPY to dip as far as 94/95. This is a dip we would look to buy”, assessed analysts at Westpac Global Strategy Group. USD/JPY levels to watch The pair is now up 0.24% at 96.54 with the next resistance at 96.98 (high Aug.9) ahead of 97.50 (low Aug.6) and then 97.80 (high Aug.7). On the downside, a break below 95.92 (low Aug.12) would target 95.81 (low Aug.8) en route to 95.80 (high Jun.14). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2013 OctaFX.Com News Updates

EUR/USD momentum building for push above 1.3300? FXstreet.com (New York) - The EUR/USD foreign exchange rate has effectively bottomed out earlier at the 1.3277 level (session low), only to rebound during US trading and move back towards 1.3300. At this juncture, the EUR/USD is now navigating the region of 1.3300, still incurring a fall of -0.18% off its opening despite the recent recovery. Briefing the technicals, the EUR/USD is trading at support at 1.3304, a break of which will open up additional means at 1.3282, and 1.3239. EUR/USD strategic bias According to Karen Jones, an analyst at Commerzbank, “The EUR/USD last week rallied to and stalled at the 200-week MA and the June high at 1.3394/1.3417. There is little to suggest that the market will maintain a break beyond here. Nonetheless the market remains bid above the 1.3337 accelerated uptrend and only loss of the nearby low at 1.3188 will alleviate immediate upside pressure. Failure here will target the 1.3000 region. Loss of this zone is needed to re-target the 1.2755/40 recent low and April low.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2013 OctaFX.Com News Updates

USD/CAD testing the 1.0300 level FXstreet.com (New York) - The USD/CAD foreign exchange rate has moved to the 1.0300 region Monday, clinging to this barrier despite earlier drops below it (1.0279 session low). USD/CAD strategic bias Technically speaking, the USD/CAD is now trading at 1.0298, presently incurring a marginal loss of -0.02% off its opening. The Mataf.net analyst team points to supportive means at 1.0297, ahead of 1.0257, and 1.0228. According to the TD Securities Team, “The USD/CAD has traded higher from Friday’s low, leaving the late-July/early-August trading range firmly intact. The pair’s failure to follow through on some of the bullish signals from early last week was a disappointment to USD/CAD bulls, and while price action is looking more neutral in the short and medium term perspective, our broader bias remains higher still as long as the 1.0250 support holds in the coming days. On the topside, there is a little more room for movement, with key resistance further away in the 1.0440/45 area.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 12, 2013 OctaFX.Com News Updates