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EUR/USD technicals favour the upside – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes that technicals remain in favour of upside moves for EUR/USD, with the pair correcting higher, eyeing 1.0800 levels. Key Quotes “The EUR/USD pair advances to fresh daily highs above the 1.0750 level during the current European session, holding firm near the high, and with a mild positive tone in the 1 hour chart, as the price advances above a slightly bullish 20 SMA, whilst the RSI indicator heads strongly higher around 62 and the Momentum indicator holds above the 100 level, albeit lacking strength at the time being.” “Earlier in the day, data showed that the current account of the euro area that recorded a surplus of €29.4 billion in January, although German PPI decreased by 2.1% yearly basis. There are no scheduled releases in the US for today, albeit a couple of FED members will be speaking in different events, and may affect the greenback should they refer to upcoming Central Bank moves.” “The 4 hours chart technical picture also favors the upside, as the price extends above a bullish 20 SMA whilst the indicators maintain a strong upward momentum above their midlines.” “Support levels: 1.0745 1.710 1.0660” “Resistance levels: 1.0790 1.0830 1.0880” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Russia: Domestic demand down further– ING FXStreet (Barcelona) - Dmitry Polevoy of ING Bank, reviews the domestic demand data of Russia, noting that the deterioration in private consumption and falling investments confirms that CBR’s focus on GDP risks is justified. Key Quotes “Domestic demand data for Feb-15 was mostly disappointing with real wages falling by 9.9% YoY (consensus: -8.8%, INGF: -9%), retail sales shrinking by 7.7% (consensus: - 5.8%, INGF: -6.2%) and unemployment rising to 5.8% (consensus :5.7%, INGF: 5.8%) with fixed capital investment losing 6.5% (consensus: -8.1%, INGF: -9.8%).” “Also, producer prices gained 2.1% MoM/9.5% YoY (consensus: 1.1%/8.6%, INGF: 2.4%/9.8%), while the growth in the core manufacturing sector was down to 2.8% MoM from 3.3% in Jan-15, even if further accelerating in annual terms from 11.8% YoY to 14.4%.” “According to our estimates, the drop in private consumption nearly doubled to 6.2% vs 3.2% in Jan15, while overall domestic demand contracted by 6.3% in Feb-15, vs 3.8% a month ago.” “So, economic activity continued weakening at a rapid pace, and only net exports could have been partly offsetting the effect on the headline GDP.” “Manufacturing surveys have shown weakening price pressure on the producer side, so PPI dynamics should be better going forward which, together with moderating WoW/MoM CPI growth, fully justifies the CBR focus on GDP risks in its policy setting.” “We reiterate our view of its key rate falling to 12% in 2Q15 and 9% by 2015-end.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD Index target at 104.54 for 2015 – BNPP FXStreet (Barcelona) - he BNP Paribas Team maintains a bullish outlook on USD, and further gives the 2015 and 2016 forecast for the USD Index. Key Quotes “We remain USD bulls despite the FOMC’s recent caution. The USD will continue to benefit from higher US yields against a backdrop of ECB and BoJ QE.” “We are beginning to see a pickup in real capital flow support for the USD and expect this to accelerate.” “USD Index Forecast: 104.54 in 2015, 102.83 in 2016.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Strong US dollar is good, reflects the economy – US Treasury Secretary FXStreet (Mumbai) - The US Treasury Secretary Jack Lew, at Miami, said that a strong US dollar reflects the strength in the US economy. Lew stated there is a decisive progress in the US economy, with housing and construction showing signs of improvement. He further added that lower energy prices are goof the US economy. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD climbs near 1.0800 FXStreet (Edinburgh) - The upbeat momentum around the euro is picking up pace now, lifting EUR/USD to the area of 1.0800, or session highs. EUR/USD firmer on Greece The pair managed to break above the 1.0700 handle today after a brief congestion pattern in the upper-1.0600s. The single currency derived support from the optimism around Greece, while EU officials continue to wait for the list of reforms. It is worth recalling that the EU needs to approve the Greek programme in order to habilitate bailout funds. EUR/USD levels to consider At the moment the pair is up 1.23% at 1.0789 and a breakout of 1.0800 (psychological level) would target 1.0920 (high Mar.19) and then 1.0940 (21-d MA). On the downside, the immediate support lines up at 1.0650 (hourly low Mar.20) followed by 1.0635 (100-h MA) and finally 1.0613 (low Mar.19). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Norges bank might cut rates in its May meeting – Nomura FXStreet (Barcelona) - The Research Team at Nomura, expects Norges Bank to remain dovish and cut the repo rate by 25bps in May. Key Quotes “Norges Bank in a surprise to the market left its repo rate unchanged at 1.25%, while we and the market expected a 25bp cut. Even though Norges Bank left its policy unchanged, its stance was more dovish than previously.” “We expect Norges Bank to remain dovish, and the Bank to likely cut its repo rate by 25bp relatively soon. We think the most likely time is the next meeting on 7 May, unless there is a clearer recovery in oil prices by then.” “There is now a clear contrast between Norges Bank and the Riksbank’s policy stance, so NOK/SEK could trade strongly for the time being.” “At the same time, Norges Bank’s dovish stance and the higher chance of a rate cut suggest limited downside below 8.50 for EUR/NOK, in our view.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Bullish outlook for US treasuries – RBS FXStreet (Barcelona) - John Briggs, Head of Cross Asset Strategy at RBS, gives the technical outlook for 2s4s10s US treasuries, maintaining a bullish view. Key Quotes “Lastly, on the subject of technicals, for US 10yr notes daily momentum is bullish and not yet overbought, weekly momentum is bearish and looking a bit mixed, while the monthlies are bullish but overbought.” “A conflicting mix, against reinforcing that one should be careful at the range extremes still.” “The weeklies and monthlies signal a pre-disposition to sell rallies, though not quite yet (better to wait a bit for dailies to line up).” “The technical for 2s5s10s line up better (bullish belly), with all three time horizons aiming bullishly, so we stick with that as our favored call.” “2s (0.64%)- Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is bullish.” “5s (1.47%)- Next major support comes in at 1.80% and just above. Next resistance begins at ~1.30% and extends down to major resistance at 1.15%. Daily momentum is bullish and showing evidence of bullish divergence.” “10s (1.962%)-Next resistance comes in some congestion in and around 1.80% then the low yields of 1.64%. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bullish and showing bullish divergence.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canadian retail sales decline for the second consecutive month in January FXStreet (Mumbai) - The data released by the Statistics Canada showed today that the Retail sales ex-auto decreased for the second consecutive month in January, declining 1.7%, against the expectation of a 0.4% decline. The previous month’s figure stands at -2.3%. Retail sales in volume terms decreased 1.2%. Lower sales at gasoline stations represented the majority of the decline. Retails sales Ex-gasoline stations were down 0.8%. Sales at gasoline stations fell 8.8% in January, reflecting lower prices at the pump. This was the seventh straight monthly decrease and the largest monthly decline since November 2008. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD through 1.2700 post-CPI FXStreet (Edinburgh) - The renewed weakness around the Canadian dollar is allowing the current rebound in USD/CAD beyond the 1.2700 handle. USD/CAD firmer on CAD data The pair has recovered ground towards the low-1.2700s after Canadian consumer prices matched expectations during February: headline CPI rose at an annual pace of 1% while the BoC Core gauge advanced 2.1% over the last twelve months. Adding to the selling pressure in the Canadian dollar, headline retail sales and sales excluding the Autos sector contracted further than forecasted during January, 1.7% and 1.8%, respectively. USD/CAD levels to watch As of writing the pair is down 0.11% at 1.2703 with the next support at 1.2628 (50% of 0.9059-1.6197) followed by 1.2507 (low Mar.19) and then 1.2449 (low Mar.18). On the flip side, a break out of 1.2750 (low Mar.17) would aim for 1.2800 (psychological level) and finally 1.2835 (2015 high Mar.18). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY back below 121.00 FXStreet (Edinburgh) - The US dollar is now losing the grip vs. the Japanese counterpart on Friday, dragging USD/JPY back to sub-121.00 levels. USD/JPY off highs at 121.00 After hitting daily highs around 121.20, spot is now shedding some of the initial gains and is returning to the vicinity of 120.90 amidst thin trade and absence of events in both calendars. The greenback, in terms of the US Dollar Index, has faded the spike beyond the 99.00 mark in early trade and is now hovering over session lows near 98.70 while sentiment towards the risk-on trade continues to surge. USD/JPY levels to consider At the moment the pair is advancing 0.16% at 120.96 with the next hurdle at 121.41 (high Mar.17) followed by 121.57 (high Mar.13) and then 121.67 (high Mar.12). On the other hand, a breakdown of 120.61 (low Mar.20) would aim for 119.68 (low Mar.19) and finally 119.29 (low Mar.18). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD long for 1.1000 – GrowthAces FXStreet (Barcelona) - The GrowthAces Research Team maintains their bullish outlook on EUR/USD, targeting 1.1000. Key Quotes “We wrote in our Wednesday’s Trading Strategies Update released after the Fed statement and yesterday’s Market Overview that the USD rally might be over and we maintain our opinion despite overwhelmingly one-sided market positioning.” “Our previous long taken at 1.0750 hit the stop-loss level. The position was taken too early, we did not anticipate strong USD recovery yesterday. However, this recovery does not change our outlook that the bearish EUR/USD is over. We got long again at 1.0670 today and set the target at 1.1000.” “Significant technical analysis' levels: Resistance: 1.0796 (hourly high Mar 19), 1.0920 (session high Mar 19), 1.0940 (21-dma) Support: 1.0650 (hourly low Mar 20), 1.0613 (low Mar 19), 1.0580 (low Mar 18)” “EUR/USD: long at 1.0670, target 1.1000, stop-loss 1.0500, risk factor *” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD to consolidate till rates backdrop becomes positive for the dollar – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team comment on the odd behaviour seen post the FOMC between the dollar and US rates. Key Quotes “What's interesting to us is that the dollar and the US rates markets have behaved differently since the sharp moves on Wednesday.” “The dollar has basically recouped all of its post-FOMC losses from Wednesday against the euro, sterling, and most other currencies. Yet the 10-year UST yield has risen only 7 bp vs. -13 bp Wednesday, and remains below 2.0%.” “A similar dynamic has been seen in the Fed Funds futures strip, with most yields only up around 5 bp after dropping -15 to -20 bp Wednesday.” “Can the dollar rally resume in earnest without further support from the interest rate markets? We believe the dollar rally remains intact, but we could see a period of consolidation until the interest rate backdrop becomes more positive for the dollar.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD consolidating below 1.0700 FXStreet (Edinburgh) - The shared currency keeps the positive ground vs. the greenback on Friday, with EUR/USD hovering over sub-1.0700 levels. EUR/USD focus on Greece… again Greece is back. The euro, however, seems to bypass the developments coming from Greece and the European Leaders’ Summit in Brussels so far, remaining in a consolidative pattern in the upper band of 1.0600 so far. Greece is looking to deliver a list of reforms in order to get much needed funds to face upcoming repayments, although uncertainty seems to prevail so far amongst the rest of EU officials, turning the outcome unpredictable, as usual. EUR/USD levels to consider At the moment the pair is up 0.27% at 1.0688 and a breakout of 1.0800 (psychological level) would target 1.0920 (high Mar.19) and then 1.0940 (21-d MA). On the downside, the immediate support lines up at 1.0650 (hourly low Mar.20) followed by 1.0635 (100-h MA) and finally 1.0613 (low Mar.19). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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USD/JPY finds resistance at 121.00 FXStreet (Córdoba) - The USD/JPY pair extended gains and printed a fresh daily high at 121.00 after the release of jobless claims and current account data in the US. The 121.00 zone capped the upside and pushed the back toward 120.50. After Wall Street opening bell the pair retreated and dropped to 120.69. Currently trades at 120.75, up 0.55% for the day, trading slightly below the level it had before the decision of the Federal Reserve. Greenback regained much of the lost ground on Thursday but lost strength during the last hour, limiting the upside in the USD/JPY pair. The US dollar is rising across the board on Thursday; but the yen is among the best performers. USD/JPY technical levels To the upside, the immediate resistance lies at 121.00 (daily high) and above here at 121.40 followed by March highs located at 122.00. On the opposite direction support might lie at 120.30 (intraday level), 120.00, 119.65 and 119.30 (Mar 18 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY buy the dips towards 118.50/119.50 – Westpac FXStreet (Edinburgh) - Strategist Robert Rennie at Westpac noted the neutral tone in the pair, although recommended buying the pullbacks to 118.50/119.50. Key Quotes “Given the BoJ downgrade, CPI will be a key focus next week”. “With the spread between national-ex and Tokyo-ex collapsing to zero, and oil prices bouncing in Feb, it’s hard to see where the downside will come from for CPI”. “So key again will be the US$. We thus maintain a neutral stance for USD/JPY for another week, with the buy region 118.50 to 119.50”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY finds resistance at 121.00 FXStreet (Córdoba) - The USD/JPY pair extended gains and printed a fresh daily high at 121.00 after the release of jobless claims and current account data in the US. The 121.00 zone capped the upside and pushed the back toward 120.50. After Wall Street opening bell the pair retreated and dropped to 120.69. Currently trades at 120.75, up 0.55% for the day, trading slightly below the level it had before the decision of the Federal Reserve. Greenback regained much of the lost ground on Thursday but lost strength during the last hour, limiting the upside in the USD/JPY pair. The US dollar is rising across the board on Thursday; but the yen is among the best performers. USD/JPY technical levels To the upside, the immediate resistance lies at 121.00 (daily high) and above here at 121.40 followed by March highs located at 122.00. On the opposite direction support might lie at 120.30 (intraday level), 120.00, 119.65 and 119.30 (Mar 18 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Brent Crude back below USD 55.00/barrel FXStreet (Mumbai) - Brent crude prices fell below USD 55/barrel on Thursday after Kuwait backed the OPEC’s decision to keep production levels steady back in November, thereby bringing the concern of supply glut back into the spotlight. Brent prices as well as WTI Crude prices had rallied sharply on Wednesday after the slightly dovish statement from the Federal Reserve led to a broad based weakness in the US dollar. However, gains were erased today; partly due to a rebound in the US dollar and partly due to comments from Kuwait’s Oil Minister. "We don’t want to lose our share in the Market," Ali al-Omair, Kuwait’s Oil Minister told reporters on Thursday. Meanwhile, there is also a possibility of a nuclear deal with Iran, which could add up to 1 million barrels of oil supply to the market. The threat of supply glut led Brent Crude lower to USD 54.51/barrel, while WTI Crude fell to USD 45.18/barrel. Brent Crude Technical Levels The immediate resistance is seen at 55.67 (10-DMA), above which gains could be extended to 56.61 levels. On the flip side, support is seen at 53.09 (Feb. 11 low) and 52.50 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD still targets 1.30 by mid-year – Westpac FXStreet (Edinburgh) - The pair could reach the key 1.30 handle by the mid of the current year, according to Strategist at Westpac Richard Franulovich. Key Quotes “USD/CAD may well trade down to key support around 1.2350 but suspect it will be a grudging move and CAD will lag much of the G10, sluggish energy prices the key factor likely to hamper CAD prospects”. “1.30 still the target mid-year as the implosion in Canada’s energy patch increasingly bleeds into the broader economy and likely triggers a dovish tilt by the BoC at upcoming meetings”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US Initial Jobless Claims print at 291K, Current Account Deficit rose FXStreet (Mumbai) - The data released by the labor department in the US showed the initial jobless claims in the last week at 291K, compared to the expected figure of 292K. The previous week’s figure was revised upwards from 289K to 290K. The four week moving average of the initial claims, which gives a more accurate picture of the labor market strength, stood at 304.75K. Meanwhile, continuing claims rose to 2.417M, beating the estimate of 2.410M. The US current account deficit for the fourth quarter rose to 113.5 billion from the 100.3 billion reported in Q3. Economists had called for the deficit to rise to USD 103.2 billion. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Session Recap: USD recovers post-FOMC FXStreet (Edinburgh) - The greenback is reclaiming part of the recent sharp losses, intensified yesterday after markets interpreted the FOMC statement and the press conference by Janet Yellen as unexpectedly dovish. The dollar is markedly up in the G10 space, advancing almost 2% vs. the euro and sending EUR/USD back to the low-1.06s after climbing as high as 1.1060 in the wake of Yellen’s presser on Thursday. GBP/USD is retaking the mid-1.4800s after bottoming out in the vicinity of the 1.4800 handle earlier on, and USD/JPY is looking to assault 121.00. Markets in Euroland remain in the positive territory with the exception of the German DAX, while Gold is up almost 1% around $1,160 and the barrel of WTI is down nearly 4% in sub-$43 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-How IB program works! How it works How to become an IB? Open a partner account at OctaFX. Receive your referral link in the "IB Area" section of your Personal Area at OctaFX. That's it, you are now an IB for OctaFX! IB conditions! Promo items for IB. Stand out for outstanding with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

OctaFX.com-How IB program works! How it works How to become an IB? Open a partner account at OctaFX. Receive your referral link in the "IB Area" section of your Personal Area at OctaFX. That's it, you are now an IB for OctaFX! IB conditions! Promo items for IB. Stand out for outstanding with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

OctaFX.com-How IB program works! How it works How to become an IB? Open a partner account at OctaFX. Receive your referral link in the "IB Area" section of your Personal Area at OctaFX. That's it, you are now an IB for OctaFX! IB conditions! Promo items for IB. Stand out for outstanding with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!