OctaFX_Farid

EUR/USD dips to lows near 1.0730 FXStreet (Edinburgh) - The shared currency is now losing its shine, dragging EUR/USD to challenge session lows in the 1.0730 region. EUR/USD weaker after US data The pair shed over a big-figure from session peaks in the mid-1.0800s following the better-than-expected CPI data in the US economy during March, giving at the same time the beleaguered dollar a relieving dose of oxygen. In the broader picture, the pair keeps ignoring the worrisome prospects from the Greek economy in light of the slew of repayments due in May and the worrying silence emanating from the Greek officials. EUR/USD key levels The pair is now retreating 0.04% at 1.0757 with the immediate support at 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14). On the flip side, a break above 1.0842 (high Apr.17) would open the door to 1.0887 (high Apr.8) and then 1.0947 (high Apr.7). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD dips to lows near 1.0730 FXStreet (Edinburgh) - The shared currency is now losing its shine, dragging EUR/USD to challenge session lows in the 1.0730 region. EUR/USD weaker after US data The pair shed over a big-figure from session peaks in the mid-1.0800s following the better-than-expected CPI data in the US economy during March, giving at the same time the beleaguered dollar a relieving dose of oxygen. In the broader picture, the pair keeps ignoring the worrisome prospects from the Greek economy in light of the slew of repayments due in May and the worrying silence emanating from the Greek officials. EUR/USD key levels The pair is now retreating 0.04% at 1.0757 with the immediate support at 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14). On the flip side, a break above 1.0842 (high Apr.17) would open the door to 1.0887 (high Apr.8) and then 1.0947 (high Apr.7). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BoC unlikely to cut rates year, short USD/CAD – Growth Aces FXStreet (Barcelona) - The Growth Aces Research Team expects BoC to maintain rates steady throughout 2015, and further suggests going short on USD/CAD for 1.2000. Key Quotes “We maintain our forecast that the Bank of Canada will not cut interest rates this year. However, some market participants still expect such a move. That is why on-hold BOC policy should support the loonie.” “In our opinion the USD/CAD is likely to decline in the medium term and we are looking to get short on upticks for 1.2000.” “Resistance: 1.2205 (session high Apr 17), 1.2300 (psychological level), 1.2328 (high Apr 16)” “Support: 1.2100 (psychological level), 1.2064 (low January 21), 1.2000 (psychological level)” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD pierced 1.2100 on data FXStreet (Edinburgh) - The Canadian dollar is advancing further on Thursday, sending USD/CAD to briefly test sub-1.2100 levels. USD/CAD in multi-week lows Spot is trading in levels last seen in late January after Canadian Retail Sales surprised investors to the upside in February, expanding 1.7% MoM and 2.0% MoM excluding Autos. Canadian consumer prices followed suit, rising at an annual pace of 1.2% while the BoC Core print rose 2.4% on a yearly basis. In the US calendar, headline CPI contracted 0.1% on a year to March, while Core prices surpassed expectations rising 1.8% YoY. Next on tap will be the CB Leading Indicator and the preliminary gauge of the Reuters/Michigan index. USD/CAD significant levels At the moment the pair is losing 0.55% at 1.2122 and a breakdown of 1.2085 (low Apr.17) would aim for 1.2062 (high Jan.19) and then 1.1940 (low Jan.20). On the upside, the initial hurdle lines up at 1.2250 (high Apr.17) ahead of 1.2350 (38.2% of 1.1565-1.2835) and then 1.2353 (low Feb.3). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX Champion - Round 37 winners on OctaFX Champion demo contest atmosphere! More inspiring stories from OctaFX Champion demo contest winners arrived! Today, we present you three fresh points of view by Round 37 winners: 1st place – Mr. Chu Duong Thai from Vietnam 2nd place – Mr. Dante Canuti from Italy 3rd place – Mr. Nirmal Veerasooriya from Sri Lanka The last runner – Mr. Basri Landareka from Indonesia I think there is no time limit to be the best. We must continue to learn and try to fix our mistakes. We hope that these stories got you inspired! Join OctaFX Champion Demo contest to find your story in our news next month! Be the Champion with OctaFX! Stand out for outstanding with OctaFX! 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!

Japan headline inflation might pick up by end-2015 – BNPP FXStreet (Barcelona) - Raymond Van der Putten of BNP Paribas, expects Japanese headline inflation to gradually pick up by end-2015 and reach BoJ’s 2% target in the course of 2016. Key Quotes “Some fear that aggressive monetary easing could ultimately lead to hyperinflation. For the moment, there are not many signs of inflation picking up. On the contrary, inflation has been declining following the decline in oil prices.” “Hence, some hold the opposite view and argue that the BoJ should step up its asset purchase programme to prevent the return of a deflationary mind set.” “In our opinion, underlying inflation should gradually pick up in the coming quarters as the output is closed. This movement is strengthened by the rise in long-term inflation expectations towards the BoJ’s 2% objective.” “By end 2015, as the effect of falling oil prices dissipates, headline inflation will pick up again. Inflation may reach the 2% target in the course of 2016.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD dips below 1.2230 FXStreet (Edinburgh) - The US dollar extends the drop vs. its Canadian counterpart on Thursday, sending USD/CAD to lows near 1.2230. USD/CAD in multi-week lows The pair is trading in levels last seen in late January around 1.2230, against the backdrop of increasing USD-weakness after Building Permits, Housing Starts and Initial Claims missed consensus today. In the opinion of strategists at TD Securities, “The USD is overbought and over-loved, making it vulnerable to violent shakeouts on negative data surprises. Indeed, short-term correlation studies indicate that the relationship between DXY and data surprises has tightened in recent weeks. As such, every data release could become magnified”. USD/CAD levels to watch At the moment the pair is losing 0.56% at 1.2222 and a breakdown of 1.2100 (psychological level) would aim for 1.2062 (high Jan.19) and then 1.1940 (low Jan.20). On the upside, the initial hurdle lines up at 1.2350 (38.2% of 1.1565-1.2835) ahead of 1.2353 (low Feb.3) and finally 1.2400 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX Champion - Round 37 OctaFX Champions revealed! OctaFX Champion demo contest Round 37 is over! We are glad to share the names of our winners and divide $1000 prize fund between 4 lucky traders! Our newly redesigned contest gains popularity and we offer you to join its next round if you enjoy trading demo account, receiving achievements and read comments on your profile from fellow competitors! Let’s see who new members of OctaFXHall of Fame are: 1st place with the award of 500 USD goes to Mr. Chu Duong Thai from Vietnam 2nd place with the award of 300 USD goes to Mr. Dante Canuti from Italy 3rd place with the award of 100 USD goes to Mr. Nirmal Veerasooriya from Sri Lanka The last runner in the contest, Mr. Basri Landareka from Indonesia is granted 100 USD New contest platform adds more fun to competing on demo accounts! Try this contest out before going real! Success stories of Round 37 winners will be published soon, so stay tuned to get inspired! On behalf of OctaFX we would like to thank everyone for participating! The true spirit of healthy competition reigns on the field of OctaFX Champion demo contest! Take your chance to find your name in the news next time – register in the next round of OctaFX Champion Demo Contest! Receive achievements, communicate with other traders and test your trading abilities! Be the Champion with OctaFX! Please visit here to see full contestants list http://www.octafx.com/contests/octafx-champion/rating/ Stand out for outstanding with OctaFX! 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!

USD/JPY favouring the downside – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes technicals suggest that USD/JPY might see further declines in the shorter-term, with the nearest support at 119.20 and resistance at 119.45. Key Quotes “The Japanese yen strengthens against its American rival, with the pair posting fresh daily lows in the 119.20 region.” “Short term, the 1 hour chart shows that the price is developing below its moving averages, whilst the technical indicators are accelerating their decline below their mid-lines, all of which favors further declines.” “In the 4 hours chart the technical indicators maintain a strong downward momentum as the price extends below its moving averages, supporting the shorter term view.” “Support levels: 119.20 118.80 118.50” “Resistance levels: 119.45 119.90 120.20” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Draghi elaborates on their goal to continue QE – TDS FXStreet (Barcelona) - With ECB providing only minimal tweaks to the previous message, Richard Kelly, Head of Global Strategy, TD Securities, highlights the key interesting changes by the central bank council. Key Quotes “In terms of the interesting changes within the prepared remarks, the Governing Council: Upgraded the risks to economic growth from “downside but have diminished” to “more balanced” so the trends continue to move in the right direction. Elaborated on their goal to continue QE until they see a “sustained adjustment in the path of inflation” consistent with the target, to now noting that they are looking at “trends in inflation” which means they will look through any transient noise.” “Much of today revolved around anything new he might have seen after a full six weeks of buying and on this, Draghi suggested zero concerns with implementation, all as expected. He said that scarcity worries are “exaggerated” and at the very least “premature.” The latter suggests Draghi could envisage a scenario where liquidity in EGB markets somewhere becomes an issue, but it is not something that will drive policy until it is likely or materializes.” “He said that a protracted period of time of very low interest rates could be conducive to financial instability but so far they have not seen any sign of a bubble. He then went on to note that even if they did sense these risks coming, they would be dealt with by macroprudential measures, rather than seeing this as a reason to change QE.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

CNY stronger, soft data spurs rumours of further stimulus – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that the slowing Chinese growth has spurred in expectations for further easing measures by the PBoC. Key Quotes “CNY is strong, but trading within its recent range. China’s Q1 GDP came in as expected at 7.0%y/y, the lowest level in six years. The March data was generally disappointing, including today’s retail sales and industrial production, growing at 10.2%y/y and 5.6%y/y, respectively. The data has been enough to increase concerns over China’s growth outlook and spur some early rumours of stimulus.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Draghi tries to temper the ‘taper-tantrum’ – ING FXStreet (Barcelona) - Carsten Brzeski of ING, argues that although Draghi would have tried to temper the possibility of an early tapering by the ECB, the present fall in EUR and the expected rise in inflation implies it would be challenging for him to temper the speculations in the markets and within the ECB when the Eurozone recovery unfolds. Key Quotes “In the days leading to today’s meeting, some market participants had started to discuss the possibility of an early tapering, an end of QE earlier than the officially intended deadline of September 2016. One reason for this discussion is actually the success of QE which has pushed down the euro exchange rate.” “At its current level, the weak euro would mechanically add another 0.4%-points to inflation, bringing headline inflation above 2% in 2017. This could already happen at the June meeting, when the ECB will present the next staff projections.” “During the press conference, Draghi tried everything he could to temper the taper discussion. According to Draghi, the tapering discussion was premature. And we totally agree with him. Draghi did not get tired of repeating that the full implementation of QE was required to “provide the necessary support to the euro area recovery”.” “Moreover, a new sentence in the ECB’s introductory statement clearly tried to temper tapering phantasies: “When carrying out its assessment, the Governing Council will follow its monetary policy strategy and concentrate on trends in inflation, looking through unexpected outcomes in measured inflation in either direction if judged to be transient and to have no implication for the medium-term outlook for price stability”.” “In our view, this sentence is just ECB language for saying that the ECB can do whatever it wants and use whatever indicator it wants to use to determine the end of QE.” “All in all, ECB president Draghi clearly tried to temper any taper discussion. Whether he will succeed, is uncertain.” “If the recovery really unfolds and inflation forecasts start to pick up, Draghi will not only have to temper taper speculations in the market but, even more challenging, within the ECB itself.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Key points from Draghi’s speech – BBH FXStreet (Barcelona) - Mark Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, highlights the key points from Draghi’s speech today, further noting that although Draghi didn’t make any surprising references, he did confirm continued support to Greek banks. Key Quotes “There were not high hopes for new action from the ECB and they were not disappointed. Policy was left as it is with a negative 20 bp deposit behavior. The weaker than expected April US Empire manufacturing survey (-1.19 vs 6.90 in March) helped break the euro's downside momentum.” “Draghi made four points, none of which are surprising: The cyclical recovery in the euro area has strengthened. The asset purchase program has been successful It will continue until September 2016 at least or a sustained increase in inflation. The program is flexible. The ECB is not experiencing operational difficulties in conducting the asset purchases. Concerns about bond scarcity is "premature." “In response to a question, Draghi noted that the ECB has continued to support Greek banks through ELA, which it is wiling to do provided the banks are solvent and they have collateral. The ECB's exposure is 110 bln euros, which is most relative to the country's GDP.“ OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

ECB President Draghi's introductory statement to the press conference Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. Based on our regular economic and monetary analyses, and in line with our forward guidance, we decided to keep the key ECB interest rates unchanged. As regards non-standard monetary policy measures, on 9 March we started purchasing euro-denominated public sector securities as part of our expanded asset purchase programme, which also comprises purchases of asset-backed securities and covered bonds. Purchases are intended to run until the end of September 2016 and, in any case, until we see a sustained adjustment in the path of inflation that is consistent with our aim of achieving inflation rates below, but close to, 2% over the medium term. When carrying out its assessment, the Governing Council will follow its monetary policy strategy and concentrate on trends in inflation, looking through unexpected outcomes in measured inflation in either direction if judged to be transient and to have no implication for the medium-term outlook for price stability. The implementation of our asset purchase programmes is proceeding smoothly, with volumes in line with the announced figure of €60 billion of securities per month. In addition, there is clear evidence that the monetary policy measures we have put in place are effective. Financial market conditions and the cost of external finance for the private sector have eased considerably over the past months and borrowing conditions for firms and households have improved notably, with a pick-up in the demand for credit. Looking ahead, our focus will be on the full implementation of our monetary policy measures. Through these measures, we will contribute to a further improvement in the economic outlook, a reduction in economic slack and a recovery in money and credit growth. Together, such developments will lead to a sustained return of inflation towards a level below, but close to, 2% over the medium term and will underpin the firm anchoring of medium to long-term inflation expectations. Let me now explain our assessment in greater detail, starting with the economic analysis. Real GDP in the euro area rose by 0.3%, quarter on quarter, in the last quarter of 2014. Domestic demand, especially private consumption, continued to be the main driver behind the ongoing recovery. The latest economic indicators, including survey data up to March, suggest that the euro area economy has gained further momentum since the end of 2014. Looking ahead, we expect the economic recovery to broaden and strengthen gradually. Domestic demand should be further supported by ongoing improvements in financial conditions, as well as by the progress made with fiscal consolidation and structural reforms. Moreover, the lower level of the price of oil should continue to support households’ real disposable income and corporate profitability and, therefore, private consumption and investment. Furthermore, demand for euro area exports should benefit from improvements in price competitiveness. However, the euro area recovery is likely to continue to be dampened by the necessary balance sheet adjustments in a number of sectors and the sluggish pace of implementation of structural reforms. While remaining on the downside, the risks surrounding the economic outlook for the euro area have become more balanced on account of the recent monetary policy decisions, the fall in oil prices and the lower euro exchange rate. According to Eurostat’s flash estimate, euro area annual HICP inflation was -0.1% in March 2015, up from -0.3% in February and -0.6% in January. This pattern largely reflects an increase in oil prices in euro terms since mid-January. On the basis of the information available and current oil futures prices, annual HICP inflation is expected to remain very low or still negative in the months ahead. Supported by the favourable impact of our monetary policy measures on aggregate demand, the impact of the lower euro exchange rate and the assumption of base effects and somewhat higher oil prices in the years ahead, inflation rates are expected to increase later in 2015 and to pick up further during 2016 and 2017. The Governing Council will continue to monitor closely the risks to the outlook for price developments over the medium term. In this context, we will focus in particular on the pass-through of our monetary policy measures, as well as on geopolitical, exchange rate and energy price developments. Turning to the monetary analysis, recent data confirm the gradual increase in underlying growth in broad money (M3). The annual growth rate of M3 increased to 4.0% in February 2015, up from 3.7% in January. Annual growth in M3 continues to be supported by its most liquid components, with the narrow monetary aggregate M1 growing at an annual rate of 9.1% in February. Loan dynamics also gradually improved further. The annual rate of change of loans to non-financial corporations (adjusted for loan sales and securitisation) was -0.4% in February, after -0.9% in January, continuing its gradual recovery from a trough of -3.2% in February 2014. In this respect, the April 2015 bank lending survey confirms that improvements in lending conditions support a further recovery in loan growth, in particular for firms. Despite these improvements, the dynamics of loans to non-financial corporations remain subdued and continue to reflect the lagged relationship with the business cycle, credit risk, credit supply factors and the ongoing adjustment of financial and non-financial sector balance sheets. The annual growth rate of loans to households (adjusted for loan sales and securitisation) increased further to 1.0% in February 2015, after 0.9% in January. The monetary policy measures we have put in place should support further improvements both in borrowing costs for firms and households and in credit flows across the euro area. To sum up, a cross-check of the outcome of the economic analysis with the signals coming from the monetary analysis confirms the need to implement firmly the Governing Council’s recent decisions. The full implementation of all our monetary policy measures will provide the necessary support to the euro area recovery and bring inflation rates towards levels below, but close to, 2% in the medium term. Monetary policy is focused on maintaining price stability over the medium term and its accommodative stance contributes to supporting economic activity. However, in order to reap the full benefits from our monetary policy measures, other policy areas must contribute decisively. Given continued high structural unemployment and low potential output growth in the euro area, the ongoing cyclical recovery should be supported by effective supply-side measures. In particular, in order to increase investment, boost job creation and raise productivity, both the implementation of product and labour market reforms and actions to improve the business environment for firms need to gain momentum in several countries. A swift and effective implementation of these reforms will not only lead to higher sustainable growth in the euro area but will also raise expectations of permanently higher incomes and encourage both households to expand consumption and firms to increase investment today, thus reinforcing the current economic recovery. Fiscal policies should support the economic recovery while remaining in compliance with the Stability and Growth Pact. Full and consistent implementation of the Pact is key for confidence in our fiscal framework. In view of the necessity to step up structural reform efforts in a number of countries, it is also important that the macroeconomic imbalance procedure is implemented effectively in order to address the excessive imbalances as identified in individual Member States. We are now at your disposal for questions. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD likely to test 1.2600 – FXStreet FXStreet (Barcelona) - According to Dhwani Mehta, FXStreet Editor and Analyst, USD/CAD likely to test 1.2600 on a pessimistic BoC quarterly policy report. Key Quotes “Overall, USD/CAD is seen extending gains in the bullish flag pattern with upside capped by 5-DMA.The daily RSI at 49 aims higher and inches towards the bullish terrain indicating likelihood of further upside.” “The pair is likely to test 1.2600 levels beyond a break of 5-DMA resistance at 1.2549 on pessimistic BOC quarterly monetary policy report.” “However, if the report is viewed as optimistic than CAD bulls may take charge and the pair is likely to drop to 1.25 barrier, below which floors would open for a retest of channel trend line support at 1.2430.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Major risk for euro lies in Draghi’s Q&A session, EUR/USD weakness expected – TDS FXStreet (Barcelona) - FX Strategists at TD Securities remain of the view that the major risk for the single currency lies in the Q&A session in the press conference, and further expect EUR/USD to move back to test the 1.05 area. Key Quotes “EURUSD rallied on ‘disappointing’ US retail sales data yesterday; the 0.9% m/m headline gain missed expectations and while not wholly bad, the weaker than expected outcome undermined hopes that the US economy was poised to bounce in Q2.” “It’s still too early to judge that and the US economy does have history on its side in this respect (GDP growth has averaged a little over 0.6% in Q1 over the last five years but then gone on to record growth nearer 3% on average in each of the next three quarters).” “We get an early look at April with the US Empire Survey; a positive an upside surprise in line with our expectations might lift the retail sales-driven gloom a little and support the USD but attention will quickly turn to the ECB press conference.” “We assume [...] no major changes in President Draghi’s opening statement; the risk for the EUR really comes in the Q&A where we expect no concessions to the tapering talk; there have been some positive signs from the real economy (PMI data) but inflation remains uncomfortably low and we think President Draghi will stress full implementation of the QE programme, driving EURUSD back towards the 1.05 area at least.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD consolidation expected – Growth Aces FXStreet (Barcelona) - Reviewing today’s Australian data release, the Growth Aces Research Team, further comment on the uncertainty of a rate cut in May by the RBA, and stay sideways on AUD/USD. Key Quotes “A measure of Australian consumer sentiment fell 3.2% mom and 3.5% yoy in April. The retreat unwound more of February's sharp 8.0% gain which followed a cut in interest rates early that month.” “A measure of family finances compared to a year ago fell 7.4%, while the outlook for the next 12 months eased a relatively slim 0.7%. Despite all the anxiety, respondents still felt it was a good time to buy a major household item, with that index climbing 5.9% in April.” “The AUD/USD opened Wednesday at 0.7626, but quickly fell below 0.7600 and is depreciating further. Part of the weakness came after the release of weaker measure of Australian consumer sentiment but China data were also not helping. Annual economic growth in China slowed, as expected, to a six-year low of 7% in the first quarter, while retail sales and industrial output undershot forecasts. Chinese retail sales rose 10.2% yoy vs. median forecast for a 10.9% yoy rise. Industrial output went up by 5.6% yoy vs. median forecast for a 6.9% yoy rise.” “Investors slightly increased the risk of an interest rate cut by the Reserve Bank of Australia in May. However, in our opinion May rate cut is uncertain. That is why we see a risk of the relatively stronger AUD and stay sideways on the AUD/USD.” “Resistance: 0.7678 (session high Apr 13), 0.7694 (21-dma), 0.7720 (high Apr 10)” “Support: 0.7556 (low Apr 14), 0.7534 (low Apr 2), 0.7500 (psychological level)” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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EUR/USD rebounds on weaker US eco data – KBC FXStreet (Barcelona) - The KBC Bank Research Team comments on the impact on EUR/USD post the release of today’s US economic data. Key Quotes “Intraday, EUR/USD was initially downwardly oriented and started the European session at about 1.0530, the intraday low.” “It very slowly grinded higher in uneventful trading till the release of the retail sales. These were not strong enough for traders and a good opportunity to take profit on dollars following a multi‐day strong dollar run.” “EUR/USD shot up from 1.0560 to 1.0692 where the move stalled.” “Will the pair try to test the first resistance at 1.0712? We don’t think so as the ECB meeting tomorrow makes traders cautious.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY remains a buy for 124.00 – RBS FXStreet (Barcelona) - According to Dmytro Bondar, Technical Analyst at RBS, USD/JPY corrections towards 118.00 offer buying levels for 124.00 and above. Key Quotes “The USD/JPY has been in its correction phase after reaching my target of 121.00. It has also triggered a bullish flag on the daily chart, indicating there will be more upside after correction is completed.” “As a confirmation, the daily MACD has turned bullish. This implies that any corrections will probably be limited by the 118.00 support level, which we will see as buying opportunity for 121.00 and 124.00 onto potentially higher targets (130.00).” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US stocks decline on growth concerns FXStreet (Mumbai) - US stock markets turned lower after a positive start on Tuesday after the weak economic data and downward revision of growth forecast by the International Monetary Fund triggered growth concerns. The Dow Jones Industrial Average fell 25.54 points, or 0.14%, to 17,950.50. The S&P 500 fell four points, or 0.20%, to 2088.20. The Nasdaq Composite Index gained six points, or 0.1%, to 4994. Shares in JP Morgan rose 2.25% after the bank said its first-quarter profit rose 12%, boosted by strong results in its trading business. Johnson & Johnson said first-quarter profit fell 8.6%, and it reduced its 2015 per-share earnings outlook amid increased pressure from a strong U.S. dollar. On the macro front, the U.S. Census Bureau announced today that retail sales in March rose 0.9%, compared to the expectation of a 1.1% gain. The February retail sales figure has been revised upwards to -0.5% from -0.6%. Meanwhile, the International Monetary Fund (IMF), in its World Economic Outlook, revised US growth forecast for 2015 to 3.1% vs 3.3% in January. Elsewhere, gold traded 0.38% lower at USD 1194.70/Oz, while the WTI crude futures rose 1.89% higher to USD 52.89. The yield on the 10-year Treasury note fell to 1.873% from 1.938% on Monday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP further upside towards 0.7625 likely – RBS FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, maintains a bullish view on EUR/GBP, targeting 0.7625 levels. Key Quotes “The pair has bounced from the 0.7000 support level, as weekly MACD turned bullish and the pair recovered above the next level of 0.7151, indicating that there will likely be an increased pressure on the 0.7390 resistance with further breakout opening 0.7628 and above targets.” “Therefore, I believe the near term will see a range of 0.7152 – 0.7390 with long term upside breakout likely, targeting 0.7625 at least.” “Caveat will be a break below 0.7000.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP further upside towards 0.7625 likely – RBS FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, maintains a bullish view on EUR/GBP, targeting 0.7625 levels. Key Quotes “The pair has bounced from the 0.7000 support level, as weekly MACD turned bullish and the pair recovered above the next level of 0.7151, indicating that there will likely be an increased pressure on the 0.7390 resistance with further breakout opening 0.7628 and above targets.” “Therefore, I believe the near term will see a range of 0.7152 – 0.7390 with long term upside breakout likely, targeting 0.7625 at least.” “Caveat will be a break below 0.7000.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD technicals supporting additional gains – FXStreet FXStreet (Barcelona) - EUR/USD climbs higher after US retail sales missed expectations, with technicals supporting additional gains towards 1.0690, notes Valeria Bednarik, Chief Analyst at FXStreet. Key Quotes “The EUR/USD pair trades in quite a thin range around the 1.0550 area, as the market waits for the ECB economic policy meeting this Wednesday.” “Earlier in the day, local data resulted mild weak, with German wholesale prices down by 1.1% in March, yearly basis, and Spain inflation still negative.” “In the US, Retail Sales missed expectations, up 0.9% in March against 1.1% expected, while Producer price indexes came out as expected, triggering a dollar bearish run across the board.” “Technically, the EUR/USD 1 hour chart shows that the price advances above a flat 20 SMA and extends above the 1.0600 figure, whilst the technical indicators head strongly up above their mid-lines.” “In the 4 hours chart, the price advances above a bearish 20 SMA, while the technical indicators gain upward momentum above their mid-lines, supporting additional advances, up to 1.0690, the 61.8% retracement of its latest bullish daily run.” “Support levels: 1.0600 1.0550 1.0520” “Resistance levels: 1.0690 1.0720 1.0755” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold rises after IMF revises US growth forecasts lower FXStreet (Mumbai) - Gold prices recovered sharply after the International Monetary Fund (IMF), in its World Economic Outlook, revised the US GDP forecasts for 2015 lower. Gold gains on weak economic outlook The yellow metal recovered to USD 1196/Oz as investors piled into safe haven assets after the IMF revised US 2015 growth forecast to 3.1% vs 3.3% in January. The markets did not appreciate the weak forecasts, thereby sending the US dollar lower, while traditional safe havens - Gold, Treasuries, Yen higher. The metal could extend gains further in case the US equity markets turn risk averse in response to a weaker-than-expected US advance retail sales figure and due to IMF’s weak growth forecasts. Gold Technical Levels The metal currently trades at USD 1196/Oz. The immediate resistance is seen at 1200.76 (5-DMA), above which gains could be extended to 1205.1. On the flip side, support is seen at 1193.1 and 1183.7 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 14,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!