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German inflation to continue to increase – ING FXStreet (Barcelona) - Carsten Brzeski of ING, reviews the German inflation data, noting that prices increased to 0.4% yoy, and will likely continue to climb higher. Key Quotes “Based on the results of six federal states, German prices dropped by 0.1% MoM in April, from 0.5% in March. On the year, prices increased by 0.4%, from 0.3% in March. The harmonized European measure of headline inflation, more relevant for ECB policy-making, increased to 0.3% YoY in April, from 0.1% in March.” “Still low headline inflation, masks two diverging trends. Obviously, the base effects of lower energy prices are still keeping headline inflation low. At the same time, however, lower energy prices, combined with battles for market shares, are also pushing down prices in the other sectors. Particularly, the sectors with strong competition, both domestically and internationally.” “On the other hand, however, headline inflation in the pure domestic, typically non-tradable, sectors is accelerating. Just think of the health care sector or tourism. Interestingly, even excluding volatile energy prices, increasing and dropping prices seem to net each other out, as core inflation has remained very stable over the last months.” “Looking ahead, German headline inflation should gradually continue to increase. However, as long as even the largest and strongest Eurozone economy does not show any signs of inflationary over-heating, the ECB will continue QE and hush any tapering discussion.” Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP off highs post –German data FXStreet (Edinburgh) - EUR/GBP is now returning to the 0.7160/55 band after the release of the German inflation figures. EUR/GBP eyes on US data The European cross is leaving session highs near 0.7170 after preliminary consumer prices in Germany matched consensus for the current month, rising 0.4% on a yearly basis and contracting 0.1% inter-month. Data wise in the UK, Housing Prices tracked by Nationwide rose 1.0% on a monthly basis and 5.2% on a year to April, surpassing expectations; on a different tone, the Distributive Trades survey by CBI dropped to 12 from March to April, missing estimates at 25. EUR/GBP key levels As of writing the cross is up 0.04% at 0.7161 and a break above 0.7171 (high Apr.28) would open the door to 0.7206 (high Apr.22) and finally 0.7210 (high Apr.21). On the flip side, the next support aligns at 0.7118 (low Apr.23) ahead of 0.7102 (76.4% of 0.7015-0.7385) and then 0.7093 (low Mar.16). Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD targets 1.1800/50 in the near term – Westpac FXStreet (Edinburgh) - The pair could extend its current downside to the area of 1.1800/50, suggested strategists at Westpac. Key Quotes “Likely a 1.20-1.25 trade until further notice, with a break back through 1.25+ at some point still favoured as Canada’s self-appointed cheerleader in chief - Poloz – finds that his optimism for a strong Q2 growth bounce back proves underwhelming”. “For now he is reiterating that the Jan rate cut was "insurance" and there is no need for more. But he could be singing a different tune in coming months”. “Recent close below the Feb/Apr range and particularly the parallel channel bottom at 1.2350/80 confirms that a material multi-week top is in place in USDCAD. Target 1.1800/50 trend support”. Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

NZD/USD might strengthen further before sellers appear – ElliottWave-Forecast FXStreet (Barcelona) - Daud Bhatti of ElliottWave-Forecast, expects NZD/USD to find sellers around 0.7860-0.7937 levels. Key Quotes “Preferred Elliott Wave view suggests NZD/USD is doing a 7 swing (WXY) structure up from 4.1.2015 low. 3 waves up to 0.7740 completed wave “W” followed by a 3 wave pull back to 0.7534 which we think complete a FLAT in wave X. Afterwards, the pair continued the rally higher and completed wave ((w)) at 0.7740.” “We are now expecting a pull back in wave ((x)) to correct the cycle from red X low (0.7534) in 3, 7 or 11 swings followed by another push higher toward 0.7860 – 0.7937 area before decline resumes. 50 – 61.8 fib area of wave ((w)) as of now lies between 0.7638 – 0.7613. Pivot at 0.7534 low should remain intact during proposed ((x)) wave pull back for us to see 1 more push higher as shown on the chart.” “Once we have seen the next leg higher toward 0.7860 – 0.7937, we expect to see sellers in that area for 3 waves lower at minimum.” Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Germany Consumer Price Index (MoM) meets forecasts (-0.1%) in April Read more in Forex News Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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Canadian dollar and crosses in a technical snapshot - TDS FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar and crosses in a technical snapshot. Key Quotes: "USD/CAD retains a weak technical undertone; we continue to target a slide to the low 1.19s but overshoot risks are rising." "EUR/CAD's bear trend remains intact from a broader perspective but may consolidate further near-term." "AUD/CAD's pop higher keeps the cross in a choppy (directionless) range." "GBP/CAD remains potentially well-positioned to rebound from a test of key, medium-term support." "CAD/JPY is grinding out gains." "NZD/CAD turns higher again but we think levels nearer 0.94 provide an entry point for shorts." Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Mexican peso could pick up pace in the near term – JP Morgan FXStreet (Edinburgh) - The Mexican peso appears somewhat undervalued, according to analysts at JP Morgan, pointing to a recovery in the upcoming periods. Key Quotes “FX pass-through to inflation remains almost negligible, as has been the case in the last months, while activity disappointed consensus forecast, again”. “Indeed, the low inflation prints together with soft economic activity momentum (our economic activity surprise indicator for Mexico remains in negative camp) have prompted a shift in the Banxico authorities, who have toned down their hawkish stance”. “Therefore, and despite a more rangebound USD, the MXN has underperformed most Latin America peers month-to-date”. “That said, in the short-term the MXN continues to look cheap to coincidental risk metrics, and soft US data suggests a likely correction from lows”. “The relative cheapness the currency lingers, as our short-term valuation models continue to screen a cheap MXN in particular vis-à-vis the USD”. Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Japan risks a below consensus Q1 GDP print – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team notes that the soft Japanese data indicates that Q1 GDP might print a sub-2% print. Key Quotes “March completes the 12-month period following the sales tax increase. Retail sales have fallen 13.0% over the past year. The 1.9% decline in March (consensus was for a 0.6% increase) follows a 0.7% rise in February after a 1.9% decline in January. The weakness in consumption in Q1 warns of softer overall growth. The consensus is for 2.2% growth in Q1 GDP. We see the risks for a sub-2% number when it is reported on May 19.” Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD extends gains on a weak US data FXStreet (Mumbai) - The US saw fresh offers, thereby pushing the GBP/USD higher to a fresh session high of 1.5326 after the weaker-than-expected US consumer confidence and regional manufacturing data hit the wires. GBP/USD extends 700-pip rally The cable extended the 700-pip rally witnessed from the low of 1.4564 after the US consumer confidence data for April missed the expectation of 102.5 to print at 95.2. The Richmond Fed manufacturing index fell to -3, beating the estimate of -2. Focus now shifts to the US FOMC policy statement due for release tomorrow. The recent string of a weaker-than-expected US data convinced investors that the Fed could delay the rate hike to late 2015 or early 2016. GBP/USD Technical Levels The immediate resistance is located at 1.5344, above which the gains could be extended to 1.54. On the flip side, a break below 1.53 could push the pair down to 1.5228. Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD under pressure ahead of FOMC – TDS FXStreet (Edinburgh) - Strategists at TD Securities assessed the potential scenarios for the greenback in light of the FOMC statement due tomorrow. Key Quotes “The USD looks very delicately poised ahead of the FOMC meeting, which gets underway today”. “This meeting is not “live” in a policy sense but the USD will take its cue from what the Fed’s statement implies about the outlook; a nod to the recent softness in the data would not be a great surprise but any hint of a delay in lift-off would still likely pressure the USD, given that broader market positioning is still heavily biased to USD longs”. “On the other hand, a steady-as-she-goes message, indicating that the Fed is looking through the recent weakness in the data as a temporary phenomenon and which keeps the H2 lift-off timetable intact would be more of a surprise for investors”. “At this point, the DXY looks poised to weaken further; the correction/ consolidation over the past 6-weeks or so leaves the index resting on (or just below) major support at 96.50 right now and the market is poised to close below the 40-day MA for a fourth consecutive session today (something not seen since July 2014); momentum traders are very likely paying close attention and it will not take much (in terms of further DXY weakness) to prompt a “pile on” short trade from this sector of the market and a broader about the USD’s near-term direction from the analyst community”. Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Redbook index (YoY): 1.4% (April 24) vs 0.8% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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WTI consolidating around $57.20 FXStreet (Edinburgh) - The barrel of the American benchmark for the light crude oil is now navigating the middle of the intraday range around $57.20. WTI down from 2015 peaks After hitting fresh 2015 tops above the $58.00 mark last week, the barrel of WTI is now retracing some ground despite the current pullback in the US dollar. In the meantime, a cautious tone seems to prevail amongst oil traders at the beginning of the week, ahead of the FOMC meeting and the weekly report on inventories by the EIA due on Wednesday. The WTI is trading almost unchanged for the day, looking to extend the current 6-week positive streak from multi-year lows around $42.00 in late March. WTI relevant levels The barrel of WTI is now up 0.12% at $57.22 and a break above $58.32 (2015 high Apr.23) would open the door to $59.53 (high Dec.12) and finally $61.34 (high Dec.10). On the downside, the initial support lines up at $55.76 (low Apr.23) ahead of $54.85 (low Apr.20) and then $50.63 (low Apr.9). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD keeps the negative view – JP Morgan FXStreet (Edinburgh) - In the opinion of analysts at JP Morgan, the negative perspective remains intact in the pair. Key Quotes “We bought CAD last week as a direct play on the risk of a more extended bounce in oil prices, a view which is so far tracking”. “The last IMM report showed no net change in CAD positions last week, so it looks as though the short-covering process has some way to go yet”. “As far as valuation is concerned the decline in USD/CAD in recent weeks is no more than would be justified by the repricing of BoC rate cut prospects and the move in oil”. “Notably the rate market has halved the size of the BoC rate cut that it expects by yearend compared to the market pricing in March; only 17bp is now discounted”. “Meanwhile, WCS crude is up by 52% from the mid-March trough”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

DXY in lows, near 96.60 FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, is extending the negative tone on Monday and trading in daily lows in the 96.60/50 band. DXY hurt by Greece headlines The recent re-shuffle of the Greek negotiating team has sparked a wave of risk-on trade in the global markets, confining the index to navigate the lower end of the intraday range around 96.60. The US dollar has reverted a positive start, although the prevailing risk appetite sentiment forced the index to breach the key support at the 97.00 handle. Data wise in the US, flash Markit’s Services PMI came in at 57.8 for the current month, missing the median at 59.0 and down from March’s 59.2. DXY relevant levels The index is now retreating 0.31% at 96.62 with the immediate support at 96.33 (low Apr.6) en route to 96.17 (low Mar.26). On the other hand, a surpass of 97.55 (high Apr.24) would open the door to 98.66 (high Mar.31) and finally 99.18 (high Apr.9). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD: market sentiment favours shorting the pair - FXStreet FXStreet (Barcelona) - The FXStreet Forecast Poll, highlights the near and medium term mood for EUR/USD using a FX sentiment tool, while considering the forecast from a select experts, trend calculated according to price as at 15:00 GMT Friday 24th of April. Key Quotes EUR/USD capped below 1.1000, additional declines still expected: market's sentiment still favor shorting the common currency. “Average forecast for EURUSD: 1 Week 1.0851 1 Month 1.0672 1 Quarter 1.0506” Forecast from Experts “Scott Barkley, President at ProAct Traders - Forecast: 1 Week 1.0435, 1 Month 1.0280, 1 Quarter 1.0500” “Mauricio Carrillo, Editor at FXStreet – Forecast: 1 Week 1.1000, 1 Month 1.1500, 1 Quarter 1.1500” “J.P. Morgan Global FX Strategy - Forecast: 1 Quarter 1.0700” “B.M.O Capital Markets – Forecast: 1 Week 1.0800, 1 Month 1.0800, 1 Quarter 1.0700” “BofA-Merrill Lynch – Forecast: 1 Quarter 1.0500” “BNP Paribas – Forecast: 1 Quarter 1.0700” “Commerzbank – Forecast: 1 Quarter 1.1000” “Goldman Sachs Global Investment Research – Forecast: 1 Quarter 1.0200” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canadian dollar and crosses in a technical snapshot - TDS FXStreet (Guatemala) - Analysts at TD Securities noted the technical conditions surrounding the Canadian dollar and crosses in a snapshot. Key Quotes: "USD/CAD retains a soft undertone; we continue to target a drop to the low 1.19 area." "EUR/CAD has consolidated early April weakness recently; we think risks remain geared to the downside; look to fade rallies." "AUD/CAD may range trade between 0.94/0.96 for now but we think the bias remains lower." "GBP/CAD bounces right on scheduled break out retest; we are now bullish." "CAD/JPY nears resistance around 99 but should extend higher." "NZD/CAD's recent turn lower looks ominous on the long-term chart." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

FOMC Meeting: Fed rates dilemma, to be ‘june’ or not to be ‘june’? – ING FXStreet (Barcelona) - Rob Carnell, Chief International Economist at ING, explains that the real problem for the Fed at this FOMC meeting will be whether to rule out a June hike or not, with markets currently pricing in a September fed rate hike. Key Quotes “We see the real problem for the Fed this time being that they cannot reasonably rule out a June hike at this meeting, even if it looks unlikely. But this leaves them with yet another textual problem for the statement. At the March meeting, the Fed dropped its reference to “patient”, but then ruled out an April rate hike saying. “Consistent with its previous statement, the Committee judges that an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting” “This now looks like it was an unnecessary precaution to prevent markets rushing to price in an April hike. But it also means that if they want to leave their options open, and do not repeat the same process by ruling out a hike in June (which would seem odd given how much the economic story may change between now and then), then there may well be a market swing back towards a more imminent hike.” “Financial markets currently price in a rate hike at the September meeting (20bp average effective Fed funds for September, with rate decision on the 17th and current effective Fed funds of about 11bp), so this could see markets pricing in an earlier hike (July?), with consequent upwards pressure on the yield curve from 30 days to 2 years, and upwards pressure on the USD.” “The longer end of the yield curve is harder to call, since this will be jointly determined by the response of the stock market, and this might well see yields fall if stocks respond badly.” “What actually happens in June remains a mystery that only the run of data in the coming weeks will eventually reveal. But the short-term response to leaving June in play at this week’s statement might cause markets to rethink their recent pessimism.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

JPY is flat, ignoring Fitch’s downgrade on fiscal concerns – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, shares that USD/JPY trades within its Friday’s range, unaffected by the rating downgrade from Fitch. Key Quotes “JPY is soft, but is entering the NA session within Friday’s range and right at the 100‐day MA (119.27).” “Fitch downgraded Japan to A/stable outlook but there was limited market reaction, partially because of the high percentage of domestically held debt. The details behind the downgrade include: 1) a lack of structural fiscal measures in the budget to replace the deferred consumption tax increase; 2) the cutting of corporate tax and increase in spending; 3) an increased degree of uncertainty over the government’s commitment to fiscal consolidation.” “Fundamental data today was limited, with the highlights this week from the BoJ meeting and slew of data, including inflation.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US service sector growth rate in April eased from seven month high FXStreet (Mumbai) - The flash US Markit services Purchasing Manager’s Index (PMI) came-in at 57.8, missing the estimate of 59.00. The PMI in February stands at 59.2. The details reveal a strong increase in new work received by service providers, but the rate of expansion also eased since March. The service sector also witnessed a rise in employment, with the latest increase in payroll numbers was the steepest since June 2014. Meanwhile, the latest increase in overall input prices was the most marked for six months, although input costs were subdued in comparison to the long-term average taken since 2009. The uptick in the input also translated into higher service charges. Moreover, the latest rise in average tariffs was the sharpest since September 2014. As per Chris Williamson, chief economist at Markit, “The service sector enjoyed strong growth at the start of the second quarter, adding to evidence that the economy remains in good health. Although the pace of expansion slowed compared to March, April saw the second-largest rise in business activity for seven months. The improvement in second quarter economic growth, rising price pressures and strong job creation signalled by the PMI surveys adds to pressure on the FOMC to consider starting the process of normalising monetary policy sooner rather than later at its meeting later this week.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

UK GDP to slow to 0.5% q/q in Q1 – RBS FXStreet (Barcelona) - Ross Walker, Senior UK Economist at RBS, previews the UK Q1 GDP data release, anticipating a 0.5% qoq gain. Key Quotes “The forecasting dilemma around the preliminary estimate of Q1 GDP is whether to put more weight on the stronger business surveys (which point to 0.6% q/q growth, with upside risks) or the softer official output data (0.5% with downside risks). The former have the advantage of being more voluminous and more timely (with surveys typically stretching to March); the latter are a more thorough set of statistics and feed directly into the GDP estimate. We are guided more by the official data – even with some back-revisions/ mean-reversion, 0.5% q/q looks a little more likely than 0.6%.” “The main output sub-components are expected to be rather divergent: fairly buoyant services growth (0.8%), a small rise in industrial production (0.1%) and a 1.8% q/q contraction in construction.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD sees scope for 1.09 – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees further upside potential for EUR/USD towards 1.09 levels if the pair manages to trade above 1.0845. Key Quotes “Technically, the 1 hour chart shows that the price stands above its 20 SMA whilst the technical indicators bounced from their mid-lines and maintain a bullish slope.” “In the 4 hours chart the technical indicators hold above their mid-lines albeit lack directional strength, whilst the price stands well above its moving averages in the 1.0740/60 region. If the pair manages to hold above 1.0845, chances are of an advance towards the 1.0900 figure, whilst a break below 1.0800 exposes it to a continued decline towards the 1.0740/60 price zone.” “Support levels: 1.0840 1.0800 1.0760” “Resistance levels: 1.0900 1.0950 1.1000” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Actual oil production might be higher than reported in the EIA data – KBC FXStreet (Barcelona) - The KBC Bank Research Team comments on the mismatch between weekly crude inventory estimates from the EIA and the actual figures from Petroleum Supply Monthly report, warning that the actual oil production might be higher than reported. Key Quotes “Crude inventories surprised significantly to the upside while gasoline stocks again fell quite sharply as the refinery utilization declined (it however remains relatively high in comparison with previous years). A bullish reaction to the release may be partially explained by a relatively sharp decline of domestic crude oil production.” “Rather than “hard data”, this category however contains model estimates of the production. The actual oil production may thus eventually prove to be different than that indicated by weekly data.” “In fact, over the past couple of months, the difference between first estimates contained in the Weekly petroleum status report and more accurate figures from Petroleum Supply Monthly report has been permanently negative. In other words, the actual oil production could in fact be higher than indicated by weekly production data.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Mexico Retail Sales (MoM) down to 0.5% in February from previous 2.1% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!