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GBP/USD might shift to neutral levels, but political risk exists – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, views that GBP/USD might plot fresh lows in the near-term, but shift to more neutral levels later, the outlook being highly dependent on how the UK election scenario works out. Key Quotes “GBP is up 0.4%, outperforming all the major currencies into the NA open, but still within its recent range.” “Governor Carney, speaking for potentially the last time into the May 7th election, reiterated that the next interest rate move will be higher. However, the uncertainty around the upcoming elections is an important risk for GBP and with the upcoming schedule of debates and interviews it will be hard for markets to ignore.” “GBP is likely to trade within a range, with the threat of fresh lows in the near-term; but eventually shift back towards move neutral levels.” “However this is dependent on how the new government (or coalition) lands in terms of the outlook for the EU referendum, the devolution potential (shifting of sovereign state power to the subnational level) and fiscal plans, particularly revenue/spending and austerity.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

What to expect from Yellen? – BBH FXStreet (Barcelona) - Mark Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, suggests that markets should anticipate more of the same wordings from Yellen from her previous speech. Key Quotes “In her Congressional testimony last month, Yellen strongly hinted that the Federal Reserve would lose its "patience" in its forward guidance. She cautioned that this was not to be understood as a signal an imminent rate hike at the next meeting” “The Fed is looking for an opportunity to begin to normalize monetary policy. Given the size of its balance sheet, and the excess reserves it created, changing monetary policy presents operational challenges, which is another reason to expect to move slowly and cautiously.” “As many observers perceived the Fed more dovish than we think it is, they also perceive the Fed to be more concerned about the dollar than we think it is.” “Given its recent substantial moves against most currencies, it only stands to reason that officials would be watching it more closely.” “We think many have confused watching closely with being concerned. There had been some speculation that the FOMC statement would mention the dollar's strength, but it did not. There was a reference to the slowing exports, but this is an objective description, not a prediction.” “And when asked, Yellen did say that the strength of the dollar was one of the factors. No one pressed her about other factors in addition to the dollar that weighed on exports. If they did, Yellen would likely to have explained how the European and Japanese economies were weaker than expected and that the Chinese economy was slowing." “So what to expect from the soft-spoken Yellen? More of the same, but listen closely. “ OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Expect significant oil price growth towards 2015-end – KBC FXStreet (Barcelona) - The KBC Bank Research Team comments on the key probable reasons behind disruption in oil prices due to the Yemen conflict, and further shares the outlook for oil price. Key Quotes “The price of Brent soared and hit a two-week high yesterday on news that Saudi-led coalition started air-strikes in neighbouring Yemen.” “Regarding geopolitical risks, the talks between Iran and the world powers about its nuclear programme present larger risk for the oil price, in our view. If the agreement was reached and the Western sanctions were lifted, the country could increase its oil exports by 1 mbpd. This poses a clear downside risk for oil prices (especially in a situation of already oversupplied market).” “Even though Yemen itself is a rather small producer of oil - in 2014, its average production reached 0.13 million barrels per day (bpd) – the news triggered a relatively large market response.” “The key reason probably is that market worries about a possible disruption of oil flow through the narrow Bab el-Mandeb (about 3.8 mbpd), which is, however, not likely given the pledge of the head of the US forces in the region to keep the route open.” “We therefore maintain our view that the oil price could decline in weeks and months to come and expect more significant price growth towards the end of this year. The balance of risks is, however, skewed in the direction of longer period of low oil prices.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD into US Q4 GDP revision – FXStreet FXStreet (Barcelona) - FXStreet Editor and Analyst, Dhwani Mehta, gives the outlook for USD/CAD taking into consideration the possible outcomes for US Q4 GDP revision data. Key Quotes “USD/CAD is seen extending losses below 1.25 barrier and is likely to continue its bearish momentum as the US GDP data may miss market expectations as anticipated.” “The pair may fall to the immediate support at 1.2460 levels, below which doors will open for a retest of 1.24 handle.” “However, if the US GDP figures come out in line with expectations or beat expectations, USD bulls may take charge and the pair is likely to pierce through 1.2500 levels and retest daily highs at 1.2530, beyond which the pair may shoot to 1.2600 levels.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY eyeing new highs – EW-Forecast FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to give the technical outlook for USD/JPY. Key Quotes “USDJPY is in a pullback mode, making a complex corrective wave (iv) that already touched important Fibonacci level near 118.30 from where price turned slightly up in the last couple of sessions so we are wondering if downward correction is complete.” “Well, as long we have lower lows and lower swing highs in place it will be hard to confirm coming strength, but move above 119.99 swing would be a different story.” “In that case, we will look for a rally up into wave (v), back to new high.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD rally might see a pause – TDS FXStreet (Barcelona) - FX Strategists at TD Securities, view that the next few weeks might see a pause in USD’s rally and a drop in FX volatility. Key Quotes “Despite the pop in the USD into the end of the week, we continue to think the broader rally will pause in the next few weeks. If it does, it is likely that major FX vol will ease back as well.” “Choppy markets have prompted some market participants to head for the sidelines in the past week but calmer markets may be at hand.” “We ran a quick and dirty study of the seasonality in FX volatility and found that JPM’s Global Volatility Index also experiences a seasonal quirk moving into Q2; 18 of the last 20 Aprils have seen FX vol fall by this measure and the month is easily the worst month of the year for vol performance over the year.” “Our rolling studies show that the USD has a relatively strong, positive correlation with JPM FX vol index (+62% on a rolling 1-month window) while EUR and the GBP are similarly negatively correlated currently. It looks as if a dip in the USD and a modest slide in vol will go hand in hand over the next few weeks.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US Q4 GDP expected to be revised higher – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team, previews today’s US data releases – US Q4 GDP revision, and University of Michigan's March consumer confidence numbers. Key Quotes “US Q4 GDP is expected to be revised slightly higher to 2.4% from 2.2%. Personal consumption, which may be more important for policy makers than the overall economic growth is expected to be revised to 4.4% from 4.2%. The softer consumption data in Q1 15 should be placed in that context.“ “In addition, the University of Michigan's final March consumer confidence figures will be reported. In addition to the headline, the inflation expectations component will be scrutinized. The long-term expectation (5-10 years) is at 2.8%. With a brief exception, it has been between 2.7%-2.9% since the end of 2013.” “The Fed has seemed to emphasize this over the market-based measures though as we noted yesterday, US 10-year breakeven rates are rising.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

SNB keeps looking to ‘unconventional’ methods regarding strong CHF – Danske Bank FXStreet (Edinburgh) - In the opinion of Christin Tuxen, Senior Analyst at Danske Bank, recent comments by SNB officials remarked the possibility of further actions by the SNB in order to quell the franc’s strength. Key Quotes “The two speeches from SNB board members last night are also worth noting”. “Board member Zurbrügg said after commenting on the discontinuation of the EUR/CHF floor that negative rates are having the desired effect in Switzerland and that rates will take a more prominent role in monetary policy”. “However, he did reiterate the SNB’s stance that the CHF is significantly overvalued and that it should weaken over time and that the SNB will continue to intervene as deemed necessary”. “Notably he twice made references to the effective CHF rate, which may fuel speculation that the SNB is looking at the CHF against a basket of currencies now”. “The fact that Zurbrügg reiterated comments from alternate board member, Thomas Moser, earlier this week that the SNB is looking at the IMF suggestion of buying foreign-currency assets, suggests that the SNB is not in pure wait-and-see mode as last week’s meeting may have suggested”. “Also, at the same event yesterday, another alternate board member, Dewet Moser, said that the SNB will ‘continue to deploy unconventional methods’ to fight CHF strength”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

“SNB will intervene in the foreign-exchange market as necessary” – SNB’s Zurbruegg FXStreet (Mumbai) - Swiss National Bank (SNB) board member Fritz Zurbruegg said on Thursday that the country’s central bank is prepared to purchase foreign currencies if needed, as the franc remains “significantly overvalued.” Key Quotes: The SNB's decision to remove the franc's cap “doesn’t mean that we will simply be a passive observer”, “(SNB) will intervene in the foreign-exchange market as necessary in order to influence monetary conditions.” “Sustained negative inflation, or even a deflationary spiral -– a negative feedback loop involving an economic downtrend and falling price levels -– is thus not expected,” Negative rates “will certainly pose a challenging phase” for the Swiss economy. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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German economic outlook is bullish - ING FXStreet (Guatemala) - Analysts at ING Bank explained, like a sailboat, the German economy only needs to hoist the sail and lean back and relax. Key Quotes: "Stormy tailwinds could usher in the strongest economic performance since 2011. The German economy ended a volatile year on a very strong note. With GDP growth of 0.7% QoQ in 4Q14, the economy proved that the summer weakness was only a soft spell, driven by one-offs like vacation and public holidays, rather than a drastic structural change." "Looking ahead, the economy looks set to continue surfing on a wave of economic wellbeing. "Particularly the domestic segment of the economy continues to be a source of happiness." "The labour market is likely to continue moving along the line of its current natural rate of unemployment of c.5.5% (or 6.5% according to the national definition)." "The implementation of the minimum wage, another year with wage increases of c.3% YoY and low energy prices should also increase German consumers’ purchasing power. Last but not least, the ECB’s QE has started to feed into the domestic economy, with consumers’ willingness to save at all-time lows. In all, private consumption looks set to become an even more important growth driver than in recent years." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canadian dollar in a technical snapshot - TDS FXStreet (Guatemala) - Analysts at TD Securities offered the Canadian dollar in a technical snapshot. Key Quotes: "USD/CAD's intraday bounce stalls at 1.25; medium-term technical backdrops remains negative – look to fade USD gains and for losses to extend below major support at 1.2360." "EUR/CAD rise capped, may turn lower again." "AUD/CAD rally fades, trend still positive – just." "GBP/CAD retains a weak bias – we look for a 1.83 test still." "CAD/JPY stuck in a sideways range trade." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD forced below 55 DMA; problematic for bulls FXStreet (Guatemala) - AUD/USD is currently trading at 0.7840 with a high of 0.7840 and a low of 0.7799. AUD/USD has been supported as across the board of commodity currencies, there is strength on the back of oil bouncing yesterday. However, today is a slightly different story with supply coming back in to the sector and $50 for WTI being a psychological number, bulls were finding it tough territory to hold on in there while the initial fears for escalating problems in the oil exporting nations have calmed somewhat vs the initial knee jerk reaction. We have had some upbeat US data of late also which may be putting the US jobs numbers in to good light next week, strengthening the US dollar. Today, initial jobless claims beat expectations as did Markit Service PMI's. Technically, the major is back below the 55 day MA at 0.7851 which brings back the downside in to view and the two month support line at 0.7534 could be the bears target should 0.78 give way to 0.7740 and on to and through 0.7620. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD correction likely to be limited and temporary – BTMU FXStreet (Barcelona) - The Team at Bank of Tokyo-Mitsubishi UFJ, views that the current USD correction might be limited as the strengthening of the greenback is still not complete. Key Quotes “The US dollar is still correcting lower following last week’s more dovish than expected FOMC’s meeting. The US dollar has been undermined by the decline in US yields as more gradual tightening is discounted.” “We remain comfortable with our view that the US dollar’s strengthening trend is not yet complete. US dollar strength could even overshoot relative to the economic fundamentals”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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Going long on EUR/USD – GrowthAces FXStreet (Barcelona) - The GrowthAces Research Team maintains their bullish outlook on EUR/USD, entering into a long position on the pair, targeting 1.1180 levels. Key Quotes “The EUR/USD retreated yesterday after breaking above the 1.1000 level for a while. Slightly higher-than-expected U.S. CPI inflation supported the USD bulls.” “We used lower EUR/USD levels to get long again after taking profit at 1.1000. We bought EUR/USD at 1.0920, in line with the trading strategy from yesterday’s Market Overview. We set the target at 1.1180.” “Resistance: 1.0029 (high Mar 24), 1.1062 (high Mar 18), 1.1115 (high Mar 5)” “Support: 1.0891 (low Mar 24), 1.0886 (21-dma), 1.0768 (low Mar 23)” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

WTI crude falls after bearish supply report FXStreet (Mumbai) - WTI Crude prices fell into losses after the Energy Information Administration (EIA) reported another bearish weekly supply report. Inventories rise sharply The EIA data showed inventories rose by 8.2 million barrels in the week ended March 20, compared to expectations for an increase of 5.2 million barrels. Total US crude inventories now stand at 466.7 million barrels as of last week, the most in at least 80 years, once again highlighting concerns of over supply. Consequently, WTI Crude for May delivery declined from a high of USD 48.34 to trade at USD 47.39/barrel; 0.16% for the day. Meanwhile, Brent Crude for May delivery has cooled down to USD 55.34/barrel; up 0.41% for the day; down from USD 56.25/barrel. WTI Crude Technical Levels The immediate resistance is seen at 47.68, above which prices could re-test the daily high of 48.34. On the other hand, a break below the hourly 50-MA at 47.36, could push the prices lower to 46.58 (hourly 100-MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Investment banks reduce US Q1 GDP forecasts FXStreet (Mumbai) - The major investment banks have reduced their Q1 US GDP forecasts, since the last week’s release of a dovish fed minutes. Barclays lowered its US Q1 GDP estimate to 1.2%, from the previous forecast of 1.3%. The bank downgraded its estimate citing the weak shipments figure in the durable goods report released today. Feb shipments were 0.2% vs 0.3% expected and January numbers were revised to -0.4% from -0.3%. Investment bank Goldman Sachs also downgraded its Q1 US GDP forecast to 1.8% from 2.00%. The downward revisions have come ahead of the third reading of Q4 2014 US GDP, which is seen rising to 2.4%, from the second estimate of 2.2%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP keeps the negative bias in the short term – JP Morgan FXStreet (Edinburgh) - In the opinion of analysts at JP Morgan, the outlook for the sterling remains on the bearish side in the run up to the May elections. Key Quotes “One contributory factor to the 50-60bp reduction in the Fed’s own rate projections is the tempering effects on growth and inflation of the stronger dollar”. “The feedback loop from excessive currency appreciation to policy is not confined to the dollar – interest rate expectations are falling in most strong currency countries versus weak currency countries (the main exception is SEK, where the central bank is overtly prioritizing an even weaker currency)”. “This reappraisal is most pronounced in GBP, where rate expectations have fallen heavily in the past two weeks on: 1) an increased emphasis from the BoE on the currency, 2) a lessening in upward wage pressure, and 3) the comment from BoE chief economist Haldane that rates were as likely to fall as to rise”. “We increase sterling shorts as this erosion in interest rate support intersects with the May election to undermine sterling’s extremely rich valuations”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Germany shows signs of solid growth – MP FXStreet (Barcelona) - With recent German data creeping to the positive side, Dean Popplewell, Director of Currency Analysis at MarketPulse, mentions that the economy is showing signs of solid growth, with businesses unaffected by any grexit risks. Key Quotes “The EUR’s rebound has come amid some improving economic data in the eurozone. Yesterday’s Euro regional (Germany and France) and composite business activity numbers happened to expand more than expected for March.” “While today’s German Ifo index print (107.9 vs. 106.8) provides further evidence that the recovery in the eurozone’s largest economy continues in Q1. It seems that German firms have managed to shrug off fears over Greece, and a weaker EUR supported by QE, which is having a net positive effect as it helps to boost export expectations.” “The index reports that businesses expectations for the next six-months improved, while the current conditions indicator has also picked up, reversing last month’s fall.” “The reports details suggest that the pickup is broad based with manufacturing rising strongly.” “Perhaps the only concern for Germany is underestimating a potential Greek exit. There is a clear risk that if the crisis intensifies it will weigh heavily on German and Euro business activity.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EMU’s PMI to keep the upside – Danske Bank FXStreet (Edinburgh) - According to analysts at Danske Bank, the upside trend in EMU’s PMI could extend its momentum in the upcoming periods. Key Quotes “Manufacturing PMI increased from 51.0 in February to 51.9 in March and is now at the highest level since May 2014. “The details behind the improvement were good and suggest further progress in coming months. The increase is due to higher new orders, which rose from 51.0 in February to 52.2 in March mainly driven by domestic demand as new export orders increased less”. “Stocks of finished goods continued to decline, which means the order inventory balance suggests further improvement in the manufacturing PMI going forward. It currently signals that PMI manufacturing will increase to around 55.0”. “The higher manufacturing PMI likely reflects stronger domestic demand in the euro area as uncertainty fades, while exporters benefit from the weaker euro”. “Improved bank lending is also supporting the recovery, in contrast to previous years”. “Our model for composite PMI, new orders, which is based on real M1 growth and the effective euro, also suggests the PMIs will continue to increase in coming months”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD: fresh session high and retreat FXStreet (Mumbai) - The GBP/USD pair rose to a fresh session high of 1.4952, before retreating slightly to 1.4927 after the details of the durable goods orders reports revealed an up tick in rebound in business investment. Rise in business investment could support USD The USD made a slight comeback after the details of the report showed the Nonmilitary capital goods excluding aircraft (business investment) used to calculate GDP increased 0.2%, after falling a revised 0.4% in January. Moreover, a rebound in business investment is slightly positive, as it may provide lift to the economy. The pair had shot higher to 1.4952 immediately after the release of an unexpectedly weak headline figure - -1.2% in February after a 2% gain in January. GBP/USD Technical Levels The immediate resistance is seen at 1.4952, above which the gains could be extended to 1.4984. On the flip side, a break below 1.49 could push the pair down to 1.4850 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US durable goods orders fall more than expected in February FXStreet (Mumbai) - The data reported by the US commerce department showed today that orders for durable goods in February dropped unexpectedly by 1.2% after a 2% gain in January. The data missed the expectation of a 0.4% gain. Orders for non-military capital goods excluding aircraft, an indicator of future business investment, dropped 1.4%, its sixth consecutive decline. These orders were estimated to rise 0.3%. Nonmilitary capital goods excluding aircraft used to calculate GDP increased 0.2%, after falling a revised 0.4% in January. Business equipment spending climbed 0.9% last quarter, the weakest since January-March 2014. A rebound in business investment (Nonmilitary capital goods excluding aircraft) is slightly positive, and may provide lift to the economy. Other than this, the other details are disappointing. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!