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Russia Foreign Trade fell from previous $15B to $13.6B in February Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canada creates 28,700 jobs in March FXStreet (Mumbai) - The official data released in Canada on Friday showed the economy added 28,700 jobs in March, compared to the expectations of no job additions. In February, the economy had shed 1000 jobs. Meanwhile, the unemployment rate remained unchanged at 6.8% as expected, while the labor force participation rate ticked higher to 65.9%. Over the first quarter, employment gains totaled 63,000 (+0.4%), the result of more part-time work. In the 12 months to March, employment increased by 138,000 (+0.8%), with most of the growth in full-time work. Over the same period, the total number of hours worked was little changed (+0.1%). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD off highs on data FXStreet (Edinburgh) - The Canadian dollar has pared some losses vs. the greenback following the job report in Canada, with USD/CAD now returning to the 1.2630 area. USD/CAD upside stalled near 1.2670 The pair saw its upside interrupted after the monthly report on the Canadian labour market surprised markets to the upside, with the Net Change in Employment increasing by 28.7K vs. 0K forecasted and -1K previous; the jobless rate remained intact at 6.8% during March. Further releases showed US Export prices up 0.1% inter-month in march and Import prices contracting below estimates 0.3% MoM. USD/CAD levels to watch At the moment the pair is advancing 0.35% at 1.2622 with the next hurdle at 1.2656 (high Apr.2) followed by 1.2710 (high Apr.1) and finally 1.2784 (high Mar.31). On the other hand, a breakdown of 1.2578 (low Apr.1) would aim for 1.2574 (high Apr.3) and then 1.2559 (low Apr.8). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EEUR/USD falls further below 1.0600 FXStreet (Córdoba) - EUR/USD continues to be sold off at the beginning of the American session, having already broken below the 1.0600 mark to trade at its lowest level in 3 weeks. The dollar has resumed its dominant bullish trend across the board and is on track post its first weekly gain versus the euro after 3 consecutive declines. EUR/USD has dropped more than 450 pips from Friday’s highs as the greenback shrugged off awful nonfarm payrolls figures. EUR/USD accelerated the fall after breaking below the 1.0600 level and hit a low of 1.0567 in recent dealings. At time of writing, the pair is trading at 1.0585, recording a 0.68% loss on the day with immediate target at 1.0462, 12-year low scored on March 13. There is no first-tier data scheduled for release today. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD might bottom around 1.04, 12M view – Rabobank FXStreet (Barcelona) - Jane Foley, Senior Currency Strategist at Rabobank, explains that bund yields are near to their bottom and this might slow EUR/USD’s decline, thus forecasting the pair to reach 1.04 over a 12M view. Key Quotes “As the debate about the timing of the first Fed hike continues to whip up volatility on the USD crosses, it is notable that German economic data in recent months have been showing clear signs of improvement.” “While the ECB’s QE plan continues to exert downside pressure on yields, it is possible that a sustained improvement in Eurozone economic data will impact the length of time that the market expects the ECB to continue with its asset purchases.” “It is our view that Bund yields may be close to their bottom. If this is the case this would be another factor that would slow down the pace of decline in EUR/USD in the coming month and eventually turn the currency pair around.” “As it stands we have resisted forecasting parity for EUR/USD this year and expect EUR/USD to bottom around the 1.04 level on a 12 mth view.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD falls further below 1.0600 FXStreet (Córdoba) - EUR/USD continues to be sold off at the beginning of the American session, having already broken below the 1.0600 mark to trade at its lowest level in 3 weeks. The dollar has resumed its dominant bullish trend across the board and is on track post its first weekly gain versus the euro after 3 consecutive declines. EUR/USD has dropped more than 450 pips from Friday’s highs as the greenback shrugged off awful nonfarm payrolls figures. EUR/USD accelerated the fall after breaking below the 1.0600 level and hit a low of 1.0567 in recent dealings. At time of writing, the pair is trading at 1.0585, recording a 0.68% loss on the day with immediate target at 1.0462, 12-year low scored on March 13. There is no first-tier data scheduled for release today. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Export Price Index (YoY) dipped from previous -5.9% to -6.7% in March Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canadian employment but print a soft number, USD/CAD could test 1.27 – TDS FXStreet (Barcelona) - FX Strategists at TD Securities expect Canadian jobs print to print a soft figure and weaken CAD, expecting USD/CAD to test 1.27 levels. Key Quotes “A week devoid of Canadian data finally comes to a halt today with all eyes on the March employment report. We are looking for a weaker jobs print (-10k) relative to the market (flat) but as we noted in our preview yesterday, we think the risk around funds is asymmetric.” “The market is conditioned to see weak Canadian data and with the way that USDCAD has traded over the past two sessions, we think the market will need to see a significant decline in headline payrolls to push USDCAD significantly higher from here.” “We do think a print close to our forecast could test 1.27.” “Conversely, should the data best expectations, we think it would open up greater downside potential for funds closer to the 1.25 handle. In the event that this happens we think a sharp correction in funds would eventually re-engage dip buyers.” “The data today will not change expectations for the Bank of Canada meeting next week, so we may remain in a broader consolidation range for a while longer.“ OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD next target at 1.0457 – GrowthAces FXStreet (Barcelona) - The GrowthAces Research Team maintains a short position on EUR/USD targeting 1.0457 levels, noting that the recent weakness is a result of carry trades, and further comments on the upcoming ECB meeting. Key Quotes “The EUR/USD fell to the lowest levels since March 18. A depreciation of the EUR is a result of carry trades. German bond yields out to 8 years are now in negative territory, so the EUR is a funding currency.” “We have closed our long position with a loss at 1.0600. Breaking below this level is a strong bearish signal that may point to further fall of the EUR/USD despite weakening macroeconomic figures from the USA and improving economic performance of the Eurozone.” “Our trading strategy will be to sell the EUR/USD at 1.0675. The next target of the EUR/USD bears will be 2015 low of 1.0457.” “The European Central Bank’s meeting is scheduled for next week. We should expect little news from ECB President Draghi’s press conference. The weaker EUR is already pushing up import prices of core consumer goods, so the risk of an outright deflation in the Eurozone is very small now.” “Let us remind that the ECB’s Governing Council member Yves Mersch said the bank would be free to adjust its quantitative easing if it advanced faster than expected towards its goal of lifting inflation. Such a rhetoric is rather unlikely already at April ECB meeting. However, this issue may be raised in the coming months.” “Resistance: 1.0685 (hourly high Apr 10), 1.0788 (hourly high Apr 9), 1.0797 (10-dma)” “Support: 1.0580 (low Mar 18), 1.0551 (low Mar 17), 1.0457 (low Mar 16)” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold rebounds sharply above USD 1200 FXStreet (Mumbai) - Gold prices on Comex edged swung back above 1200 barrier in the European session, extending its recovery mode from fresh weekly lows, largely on a short-covering rally after the recent weakness. Gold holds above 50-DMA Currently, gold trades higher by 0.70% at 1201.08 levels, having previously posted day’s high at 1205.30 and day’s low at 1193. Gold prices posed a solid recovery, bouncing-off 50-DMA support and climbed higher back above 1200 levels and heads for a flat close over the week amid Fed rate hike talks. The yellow metal regained ground despite strengthening US dollar across the board mainly driven by a bout of technical buying. The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades higher by 0.39% at 99.64 levels. Gold Technical Levels The metal has an immediate resistance at 1205.78 (5-DMA) and 1210 levels. Meanwhile, support stands at 1195 (20-DMA) levels below which doors could open for 1193.41 (50-DMA) levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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EUR/USD drops below 1.0700 FXStreet (Córdoba) - EUR/USD broke below the 1.0700 level and slid to fresh 3-week lows as dollar demand intensified during the American session. EUR/USD came under renewed pressure once the 1.0725/30 support area gave up and fell to its lowest level since March 20 at 1.0679 in recent dealings. The dollar is on recovery mode, rising for fourth day in a row versus the euro after shrugging off disappointing nonfarm payrolls data. Yesterday’s FOMC minutes showed June rate hike was still on the cards, fueling USD strength. Meanwhile, on the other side of the Atlantic, Greece finally made a EUR 460-million payment to the International Monetary Fund, a payment that many feared the country wouldn’t be able to face. However, the euro was unimpressed. EUR/USD levels to watch At time of writing, EUR/USD is trading at 1.0685, recording a 0.87% loss on the day. Immediate supports could be found at 1.0648 (Mar 20 low) and 1.0613 (Mar 19 low). On the flip side, resistances are now seen at 1.0730 (intraday level), 1.0788 (daily high) and 1.0840 (200-hour SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY year-end target at 123.00 – BTMU FXStreet (Barcelona) - Takahiro Sekido, Japan Strategist at Bank of Tokyo-Mitsubishi UFJ, expects Yen to modestly deprecate against the dollar as inward investment increases, and maintaining a year-end target for USD/JPY at 123.00. Key Quotes “As the overseas shift of production slows, some Japanese companies have already started to return to Japan. Companies that set low USD/JPY breakeven rates, like precision machinery, automotive, and electronics makers, have started to expand operations in Japan again. They recognize Japan as an investment opportunity in terms of cost-competitiveness.” “Looking forward, FDI flows may slow. Japanese companies will likely maintain their FDI for the time being. They will surely reconsider Japan as an investment destination.” “Looking ahead, we will be watching Japanese companies’ investment stance (overseas or domestic) and cash repatriation flows; inward investment from overseas to Japan; and external risk factors surrounding the yen, as these may help dampen further upside for USD/JPY.” “We maintain our view for a moderate yen depreciation against the US dollar.” “Japanese investors (public pensions and financial institutions including JP postal bank), households (via investment trust and non-yen bonds), and companies (imports and FDI) and will likely keep selling yen. Our year-end forecast for USD/JPY is currently at 123.00.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD hit fresh daily lows FXStreet (Mumbai) - The bid tone on the USD got more pronounced after the better-than-expected weekly jobless claims data, thereby pushing the EUR/USD pair to a fresh daily low of 1.0723. USD supported by an uptick in Treasury yields The dollar is being bid higher tracking the uptick in the Treasury yields. The 10-year yield rose 1.4 basis points (bps) to 1.909%, while the 30-year yield rose 1.6 bps to 2.536%. The 2-year yield also ticked 1.2 bps higher at 0.544%. The yields hardened after the data in the US showed four-week moving average of initial claims dropped to its lowest since June 2000. Consequently, the EUR/USD pair fell to 1.0723, nearing its lowest level since March 31st. Strength in the yields could keep the USD in demand for the rest of the day. EUR/USD Technical Levels The immediate support is seen at 1.0711, under which the losses could be extended to 1.0682. On the flip side, a break above 1.0750 could drive the pair back to 1.08 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Rising commodity prices could spur Fed tightening – RBS FXStreet (Barcelona) - William O'Donnell, Head of US Treasury Strategy, argues that with commodities looking heavily oversold, a rise in commodity prices might spur Fed tightening. Key Quotes “…the commodity charts are looking deeply oversold (Oil included) and suggesting that it's possible that we could see a rebuild if inflation risk premium back into the curve via a back-end steepening.” “The trick to this is that rising commodity prices could spur a Fed tightening or lead the Fed to up the pace of tightening-- potentially pressuring 5's more than bonds, at least at the outset.” “…the inflation steepening scenario may best fit 10s30s rather than 5s30s, for what that's worth.” “The two scenarios that we all agreed should force back end curves steeper are ones that Fed probably doesn't want to hear about: 1) where the US business cycle ends before rates are lifted off the zero bound or, alternatively, 2) if the Fed finds itself trapped in the global currency war, unable to lift rates without hurting earnings/stocks or inflation expectations by going it alone and unilaterally raising rates when everyone else is cutting them.” “If Q2 GDP doesn't rebound smartly from the weather and port-induced Q1 weakness, I reckon these latter two scenarios might gain more traction—and the steepener OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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GBP/USD: short-term upside potential - FXStreet FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, GBP/USD maintains a short-term upward tone and might test 1.5000 levels, a break above which might target 1.5060. Key Quotes “The British Pound advanced against the greenback to a new weekly high in the 1.4950 region, maintaining a strong upward tone in the short term, as the price continues to extend well above its moving averages, whilst the technical indicators maintain strong bullish slopes well into overbought territory.” “In the 4 hours chart, the technical outlook is also positive with the pair approaching its 200 EMA around the critical 1.5000 figure, where selling interest has limited the upside for most of the last 3 weeks.” “Should the price break above it, the upward potential will increase, with the next possible bullish target at 1.5060.” “Support levels: 1.4950 1.4910 1.4880” “Resistance levels: 1.5000 1.5060 1.5100” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD consolidates above 0.7700 FXStreet (Córdoba) - The Australian dollar is advancing for a second day in a row on Wednesday, having climbed above the 0.77 mark versus the greenback, which trades softer across the board ahead of the FOMC minutes’ release. AUD/USD has climbed nearly 100 pips throughout the day and reached a 9-day high of 0.7727 before finding resistance. The pair has settled in a narrow range near highs over the last hours and it was last trading up 1.01% on the day at 0.7710. With no first-tier data scheduled for today, attention turns to the FOMC minutes’ release of the March 17-18 meeting when the Fed dropped the word “patient” from the statement and downgraded economic projections. However, in the light of US economic data over the last weeks and the fact that FOMC members highlight the eventual "lift-off" remains data dependent, discussions last month might have became outdated. AUD/USD levels to watch As for technical levels, immediate resistances are seen at 0.7727 (daily high), 0.7743 (50-day MA) and 0.7800/02 (psychological level/Mar 20 high). On the other hand, supports could be found at 0.7659 (10-day SMA), 0.7630 (daily low) and 0.7576 (Apr 7 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/JPY: Next rebasing support zone at 129.60/46 – FXMarketAlerts FXStreet (Barcelona) - The FXMarketAlerts Team expects EUR/JPY to base around 129.60/46 before resuming to the upside. Key Quotes “EUR/JPY still probing around 130 at this hour has yet to find a decent level to stage another range rally.” “Hourly chart pattern still looks a bit weak at this hour, so there is risk that this mkt works toward the 129.60/46 support zone before attempting to rebase. Provided the mkt can turn up again at the 129.60/46 zone, the rally potential is back up through 130.40/50.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

FOMC Minutes: reference to USD might weigh on the currency – TDS FXStreet (Barcelona) - Focus has remained on Fed and their view on USD, and in spite of the current dollar consolidation, any reference in the minutes regarding the currency’s strength might have negative effect on the Dollar, note FX Strategists at TD Securities. Key Quotes “With the run of hard data drying up temporarily after last week’s US NFP data, the Fed minutes from the March 17-18th policy meeting are the top focus for the markets in our session today. “Patience” was dropped at the March meeting and the minutes should broadly reflect the tone of Chair Yellen’s post meeting remarks where she laid out the case for a gradual tightening in monetary policy if the economic outlook holds.” “Fed officials have stressed data dependency—both with regard to the eventual timing of “lift off” and the evolution of policy thereafter.” “There was a fair degree of focus on the USD around the time of the March FOMC so we have to expect some discussion at least of the USD’s impact on the outlook in the minutes.” “But as the USD rally has consolidated in the past few weeks, policy makers have appeared somewhat less concerned by the issue but headlines referring to the negative impact of the USD on growth and inflation—while essentially old news—may still weigh on the currency to an extent.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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WTI pushes higher near $51.80 FXStreet (Edinburgh) - The price for the barrel of West Texas Intermediate is intensifying the upside on Easter Monday, currently advancing more than 5% around $51.75. WTI boosted on Iran Crude oil prices picked up pace following market expectations that Iran output and oil exports could take longer to resume the levels pre-sanctions (about a year according to analysts), allaying fears that further oil could be added to the already global glut and thus exert further downside pressure on prices. In addition, the softer tone from the US dollar is also collaborating with the upbeat sentiment around the WTI, which prices are once again flirting with the $52.00 handle. WTI key levels The barrel of WTI is now advancing 5.09% at $51.64 with the next hurdle at 51.87 (high Apr.6) ahead of $52.02 (high Mar.10) and finally $53.04 (high Mar.6). On the downside, a break below 49.47 (low Apr.6) would aim for 49.14 (low Apr.5) and then 47.05 (low Apr.1). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/CAD points to consolidation prior to a decline – TDS FXStreet (Edinburgh) - According to FX Strategists at TD Securities, the cross could attempt a consolidative pattern ahead of another leg lower. Key Quotes “EURCAD is displaying some mixed signals; the cross popped higher again late last week off of support near 1.36 area is effectively retesting strong resistance (former range base) at 1.3760/65 again this morning)”. “The broader trade here is negative after the early 2015 decline in the EUR and the current pattern of trade suggests a consolidation (bear wedge) ahead of another push lower”. “The intraday trend looks constructive though and while longer-term trend studies are bearish, the lack of alignment across the shorty, medium and long-term studies suggests more a range trade environment at the moment”. “Trends may not clear up unless or until the EUR moves above (roughly) 1.39 or below 1.35”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD, a visit to 1.19 is not ruled out – TDS FXStreet (Edinburgh) - FX Strategists at TD Securities do not discard a breakdown of the key support at 1.2359, allowing a test of the low-1.19s. Key Quotes “The daily chart supports the bearish outlook; spot is opening the week below trend support and well below the bellwether 40-day MA”. “The base of the 2015 consolidation at 1.2453 on the daily chart is under pressure again but key support, in our opinion, remains the February low at 1.2359—effectively the double/triple top neckline trigger”. “A clear break below here targets a fairly swift move down to the low 1.19s”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!