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Inflation expectations and ECB’s QE, among the Riksbank concerns – Danske Bank FXStreet (Edinburgh) - In light of the recent minutes by the Riksbank, inflation expectations and the prospects of further downside in the euro via the ECB’s QE are the main worries expressed by the Swedish central bank, suggested analysts at Danske Bank. Key Quotes “Recent data suggest that (underlying) inflation is moving slowly upwards – but after such a long period of undershooting inflation it would be much worse if it stayed low than if it rose faster than expected (even overshooting the target). Above all, inflation expectations have become a great concern, especially over the longer term and among unions and employers’ organisations”. “Other risks mentioned were: the global situation, with uncertainties related to Greece and the conflict in Ukraine, and the sharp decline in oil prices (a potentially positive factor for global growth but also a risk to inflation expectations)”. “Also the ECB: it is clear to us that the board is nervous about the massive policy actions (QE) that the European Central Bank will launch shortly and that this could end up in a stronger krona”. “In other words, the Riksbank wouldn’t be happy to see a stronger krona at this stage (which in turn makes their forecast of exactly that happening slightly strange)”. “As far as the SEK10bn in bond purchases are concerned, the message is that it is a test (we find it hard to believe that the RB expects the purchases to have a major effect on inflation) and a signal that the bank is prepared to do (much) more if need be”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 26,2015 OctaFX.Com News Updates

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GBP/USD likely to advance towards 1.5582 – FXStreet FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, GBP/USD might move upwards towards 1.5582 levels if the pair manages to recover above 1.5500. Key Quotes “From a technical point of view, the 1 hour chart shows that the price holds above a bullish 20 SMA although indicators turned lower, now approaching their midlines.” “In the 4 hours chart the price holds also above a bullish 20 SMA while the technical indicators are retracing from near overbought levels, still well above their midlines.” “If the price manages to recover above 1.5500, the pair will likely continue advancing towards the 1.5582 level this year high." “Support levels: 1.5450 1.5420 1.5390" “Resistance levels: 1.5500 1.5535 1.5580” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 25,2015 OctaFX.Com News Updates

Mexico Accumulated Current Account/GDP increased to 2.1% in 4Q from previous 2% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 25,2015 OctaFX.Com News Updates

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Stay short the Aussie – JP Morgan FXStreet (Edinburgh) - Strategists at JP Morgan keep recommending selling the AUD, in light of further monetary easing by the RBA. Key Quotes “We continue to find value in being short AUD given our outlook on commodity prices and the outlook on the RBA”. “The RBA has expressed a desire to weaken the currency, but that is unlikely to happen materially if it does not deliver rate cuts in the context of the rest of the world which is engaging in aggressive easing”. “Our Antipodean strategists think that the RBA will thus deliver a total of 50bp easing in the 1H with a high likelihood that the next rate cut will be delivered in March”. “Finally, this week Australia’s sovereign ratings also garnered some attention with news articles highlighting that S&P’s AAA rating could be at risk if the 30% Commonwealth Government debt/GDP ratio were to be breached (current ratio is 20%)”. “While this is not imminent and is likely to be a slow burn issue, on the margin it is AUD-negative since it limits the magnitude of stimulus fiscal policy can deliver thus raising the onus on monetary policy”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

USD/CAD supported at 1.2600 FXStreet (Edinburgh) -The greenback is now losing the grip vs. the Canadian dollar, with USD/CAD coming back from a brief test of the 1.2600 mark. USD/CAD firmer ahead of Poloz The pair is trading on the right footing today, advancing around a big-figure since the opening around 1.2560. However, the ascent seems to have run out of fuel in the 1.2660 area, allowing the ongoing correction. A small recovery in the prices of the crude oil is seeing the barrel of WTI back around the key $50.00 handle, lending some support to the CAD. Ahead in the session, Yellen’s semi-annual testimony and the speech by Governor Poloz will dictate the pair’s price action. USD/CAD levels to consider The pair is now advancing 0.34% at 1.2620 with the next hurdle at 1.2665 (high Feb.24) ahead of 1.2697 (high Feb.11) and finally 1.2772 (high Feb.2). On the other hand, a breakdown of 1.2523 (low Feb.23) would target 1.2516 (21-d MA) en route to 1.2500 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

Wall street could see lackluster trading ahead of Yellen testimony FXStreet (Mumbai) - The US stock markets are likely to see lackluster trading on Tuesday as investors may prefer to remain on the sidelines ahead of Federal Reserve Janet Yellen's testimony before the Senate Banking Committee. At the time of writing, the DJIA futures were up 0.07% at 18,098.50, while the S&P 500 futures were down 0.01% at 2106.45 levels. Meanwhile, NASDAQ futures were down 0.09% at 4440.70 and Russell futures were down 0.03% at 1230.00 levels. The VIX futures were down 0.88% at 16.88 levels. Markets are likely to watch out for Yellen's remarks today and at a House Financial Services Committee hearing on Wednesday. Meanwhile, Standard & Poor's is scheduled to release its report on home prices, while Conference Board is due to release a separate report on consumer confidence in February. The global cues are mixed, with markets across the Asia-Pacific region having moved mostly higher during trading on Tuesday, while the major European markets are turning in a mixed performance. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

USD/MXN drops to lows post-CPI FXStreet (Edinburgh) - The Mexican peso is gathering some traction vs. its northern neighbor on Tuesday, taking USD/MXN to fresh session lows around 15.0700. USD/MXN softer on data The pair accelerated the intraday decline after consumer prices tracked by the 1st Half-Month CPI in the Aztec economy advanced at a monthly pace of 0.1% in February, reverting the previous contraction of 0.19%; Core prices followed suit, up 0.28% vs. -0.09% previous. In the US docket, Home Prices gauged by the S&P/Case-Shiller index advanced 4.5% on a year to December, surpassing both estimates and previous reading. USD/MXN important levels As of writing the pair is up 0.01% at 15.0917 and a surpass of 15.1555 (high Feb.11) would aim for 15.2660 (high Mar.9 2009). On the downside, the next support lines up at 15.000 (psychological level) ahead of 14.9858 (Tenkan Sen) and finally 14.8682 (21-d MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

FX Macro trade recommendations – JPM FXStreet (Barcelona) - The J.P.Morgan Team shares the macro trade recommendations reflecting FX regimes where central bank policies will be in focus in coming weeks. Key Quotes “While our base case is that Denmark will continue to defend its peg with EUR, the intensity with which the DNB has had to intervene in FX markets is surprising and suggestive of ongoing pressure. Sell EUR/DKK 3- months forward.” “The PBoC will likely allow further RMB weakness in the near-term. Buy USD/TWD 3-months forward to position for the spillover impact in a carry efficient way.” “Stay short commodity currencies via long EUR/AUD and long GBP/NOK.” “New trades: Short EUR/DKK and long USD/TWD both via 3-month forwards.” “Existing trades: Hold long EUR/AUD and GBP/NOK in spot. Stay long 2-mo USD/SEK bearish riskreversal and short EUR/CZK (6-mo 1x2 spread).” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

EUR/USD erases daily losses, Yellen testimony eyed FXStreet (Córdoba) - EUR/USD recovered from lows and trades little changed on the day as Eurogroup assesses Greek list of reforms and markets await Fed’s Yellen testimony before the Congress. Greece delivered its proposed reforms to the Eurogroup today and finance ministers will hold a conference call to assess the list. If it is approved, Greece will get a 4-month extension of the bailout program. Meanwhile, main attention turns to Federal Reserve chief, who is due to speak before of the Congress today after last week's FOMC minutes were judged dovish. Yellen semi-annual testimony is scheduled at 15:00 GMT. EUR/USD was on the defensive during the European session and bottomed out at 1.1295, roughly at the same level it did yesterday, before bouncing. The pair has managed to erase intraday losses and it is currently trading 1.1330. EUR/USD levels to watch In terms of technical levels, EUR/USD could face next resistances at 1.1360 (100-hour SMA) and 1.1395 (Feb 23 high). On the flip side, supports are seen at 1.1295 (Feb 24 & 23 lows) and 1.1279 (Feb 20 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

WTI Crude rises above 50-DMA, trades positive FXStreet (Mumbai) - WTI Crude April futures rose above 50-DMA located at USD 49.50/barrel, after having recovered from the low of USD 48.68 hit on concerns of excess supply. WTI Crude: will it sustain above 50-DMA? The recovery seen in Crude prices was largely in the absence of fresh fundamental trigger. Moreover, the Weekly US oil inventory data will start coming in from Tuesday, with the API Weekly Statistical data due later in the day and the EIA Weekly Petroleum Status Report due on Wednesday. In the meantime, Greece’s debt drama and Fed chairwoman Yellen’s testimony shall take the center stage. Both the issues can significantly impact the US dollar and thus lead to intraday swings in Crude prices. A weak USD could help Crude sustain above the 50-DMA located at USD 49.50. However, eventually the prices could decline sharply if the weekly supply data shows oil inventories in the US continued to rise in the last week. WTI Crude Technical Levels The immediate resistance is seen at 50.39 (5-DMA), above which gains could be extended to 51.46 (10-DMA). On the flip side, a break below 50-DMA at 49.50, could push the prices down to daily low of 48.68. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

Yellen’s testimony to reflect a rate hike and the data dependence of Fed – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, highlights the key focus for today’s Fed Yellen’s testimonty and further views that the broad takeaway from the speech would be that Fed will hike rates and it is data dependent. Key Quotes “Chair Yellen’s semi‐annual testimony is today’s highlight. It is likely to reflect the themes from the Fed minutes, with a focus on the following: 1) Data: the Fed is data dependent and will shift course with the data. 2) Conditions for a hike: include a) further improvement in labour, which we have subsequently seen with the strong nonfarm print; stable or rising levels of core PCE inflation. 3) Rate increase: many participants are concerned with premature rate increase; with the balance of risks between too early and too late seeming to favour erring on the side of too late. This discussion could prove the highlight of today’s testimony. 4) Inflation: the Fed noted that the downside risk to inflation forecast have increased due to softening on core. 5) Patience: there appear to be significant concerns around removing the word patience for fear of the message and potential response. 6) International developments: the Fed sees the risk to US growth as lower, but noted China, global disinflation, the Middle East, Ukraine and Greece as important themes. 7) The USD: the strength in the USD is a restraint on exports ‐ but we do not see the FOMC committee as particularly alarmed.” “The market will watch closely for any indication of the timing of rate hikes; however we expect the broad takeaway to be that the Fed will hike rates and it is data dependent, over time this support a stronger USD.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

Credit Agricole: Yellen likely to deflect questions on Fed’s forward guidance – eFXnews FXStreet (Barcelona) - The eFXnews Team shares Credit Agricole’s view regarding the expectations from today’s Yellen’s testimony, with CA commenting that the Fed Chair is likely to deflect any questions relation to ‘patience’. Key Quotes “We believe that the assessment of economic activity will be relatively upbeat.” “We look for Chair Yellen’s comments to suggest that the FOMC believes it will soon approach employment conditions that are consistent with its employment mandate.” “In assessing the impact of global factors on the US economy, it will be interesting to see if she focuses on positive international developments, such as increased ECB accommodation and lower oil prices or negative developments such as softer global growth and a stronger dollar.” “On the inflation front, Chair Yellen will likely note that price inflation has moved further away from the Fed’s 2% target, largely reflecting the declines in energy prices.” “We expect her to underscore that inflation expectations remain relatively well anchored and hence the impact of lower energy prices is likely to be transitory but needs to be monitored carefully.” “Ms. Yellen will likely note that the Fed focuses on the medium-term outlook for core inflation as a guide to policy.” “Chair Yellen is expected to stress the data dependency of the monetary policy outlook, while indicating that most FOMC members look to begin normalizing rates this year.” “The Chair will no doubt be asked about “patience” and forward guidance. We suspect that she will deflect the question, by saying that the FOMC will try to indicate as clearly as possible its current thinking conditioned on incoming data.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

Greece's proposed reforms - Reuters FXStreet (Barcelona) - Reuters have released the text of the letter outlining Greece’s proposed reforms forwarded by the Minister of Finance of the Hellenic Republic to the Eurogroup President Dijsselbloem. The Letter I. Fiscal structural policies Tax policies - Greece commits to: Reform VAT policy, administration and enforcement. Robust efforts will be made to improve collection and fight evasion making full use of electronic means and other technological innovations. VAT policy will be rationalised in relation to rates that will be streamlined in a manner that maximises actual revenues without a negative impact on social justice, and with a view to limiting exemptions while eliminating unreasonable discounts. Modify the taxation of collective investment and income tax expenditures which will be integrated in the income tax code. Broaden definition of tax fraud and evasion while disbanding tax immunity. Modernising the income tax code and eliminating from it tax code exemptions and replacing them, when necessary, with social justice enhancing measures. Resolutely enforce and improve legislation on transfer pricing. Work toward creating a new culture of tax compliance to ensure that all sections of society, and especially the well-off, contribute fairly to the financing of public policies. In this context, establish with the assistance of European and international partners, a wealth database that assists the tax authorities in gauging the veracity of previous income tax returns. Public Finance Management - Greece will: OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 24,2015 OctaFX.Com News Updates

OctaFX.com - Round 35 success stories arrived! As promised, OctaFX publishes Success Stories of OctaFX Champion demo contest Round 35 winners! This week, our main winner – Mr. Susilo Aji from Indonesia, surprised us with his emotional interview and we are happy to present it to you! 1st place – Mr. Susilo Aji from Indonesia treated our contest like a holiday: Ouw my God!!! I can't believe it!... let me calm my mind first please.. I am very very happy to receive this news. Being the champion of this famous contest had made me a little bit proud of myself. Truth be told I joined this contest on a whim, since I have to measure how far my trading skill has gotten. And contest is a perfect place to measure that, right? After all, I am still "amateur" trader, so I will need a lot and a lot of training and measuring for that. I don't think that I am better than anyone tough... May be I was able to win because I was able to enjoy the contest. Like I said earlier I wanted to measure my skill, so I was able to enjoy trading like it was my holiday. I believe we can see more "clearly" to the thing we enjoy, right? So, I think the key to success is "never forget to enjoy yourself"! I only took a glance about 1 minute every day on my mt4. there are 4 pairs on display, it was EU, GU, UJP, and AUD. And from the record you can see I only have 19 trades on them, so as you can guess I was aiming to mastering sniping. However, with that kind of strategy it was almost impossible to take me to the first place in the contest. May be around the second week on the contest. Suddenly every pair and every position on my trade going my way. It feels great to see the candle favor you. I believe that everyone must feel the same when it happens... It’s been a year and 2 months since I trading. Even so I can't call myself a full-fledged trader. But my friend say it takes about 2 years to be a professional trader. I think it makes sense in some way. Therefore, we experience the annual moment and couple reversals at least. Then, we can call ourselves traders or we can just enjoying what we do. There will always be that option for us. Lastly, I'd like to thank you OctaFX, for this wonderful contest. This is where people from round the world squeeze their brains out to become number one. We traders always need something like this. In that way, there will be new born great traders in your circle. You’ve made great contribution in the trader's future. We really appreciate what you have done. 2nd place – Mr. Alberico Catizone from Italy won his prize effortlessly: The last 10 days I have done almost nothing, if I knew I was so close to the first place I would have committed more. I used the trend line. It takes discipline to do forex if you think positive you have more chance to win but if you think negative lose safe. 3rd place – Mr. Purwo Atmantyo from Indonesia relies on experience and technical analysis: Learn, be diligent, and pray! My strategy is "keep learning" and continue to try a variety of existing techniques and develop them according to my ability. My spectacular profit is when my technical analysis exactly just as I expected. The last runner in the contest – Mr. Nur Faisal from Indonesia wants to improve his trading: Scalping strategy may be less successful for me. I use EA in trading so do not spend a lot of my time for other work. For now, I have yet to produce a successful trading, and seek to achieve it. I love to use EA because trading can be done with ease. I hope that next year I will be successful again. Want to find your name and story in our news – join OctaFX Champion Demo contest. Be the Champion with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

Yellen to make it clear that Fed’s ‘patience’ is not limitless – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team comments on the upcoming testimony of Yellen, further expecting her to explain why Fed’s patience with emergency-level rates may be drawing to a close. Key Quotes “The leadership at the Federal Reserve had led many to expect a mid-year lift off. However, doubts have grown, and this has corresponded with a consolidative phase for the dollar.” “After the FOMC minutes, the December Fed funds futures contract implied an average effective rate of less than 50 bp. Although the market corrected this view a little before the weekend, we expect Yellen make it clear the Fed's patience is not limitless." “A hike, not today or tomorrow, but four months from now is still reasonable.” “The Fed's leadership has been preparing the market gradually for a change in US monetary policy. The emergency settings that were so necessary in the darkest days are no longer needed. To be sure, the economy is not firing on all cylinders, but no one is really talking about a dramatic increase in interest rates.” “Look for Yellen to be patient with US Congress as she explains why the Fed's patience with emergency-level rates may be drawing to a close, and that this is a constructive sign. It is also through this lens that Yellen will likely address questions about the dollar. The exchange value of the dollar is one of the factors taken into account in assessing the monetary conditions." “The dollar's strength is a reflection of the relative performance of the US economy. Of course, part of the dollar's rise has been fueled by expectations of a Fed hike. Such anticipation will not be an important hurdle to the decision to hike rates later.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 23,2015 OctaFX.Com News Updates

Technical outlook: Short-term treasuries oversold – RBS FXStreet (Barcelona) - William O’Donnell, Head of US Treasury Strategy at RBS, gives the technical outlook for US treasuries, viewing that technicals for benchmark rates are pretty mixed with short term studies hinting at oversold conditions while long term studies stay overbought. Key Quotes “Treasuries are modestly higher as markets await Yellen's testimony tomorrow.” “Bunds and Gilts are weaker (though off the overnight lows) and peripheral EU debt spreads have tightened with Greek 10yr spreads ~60bp tighter this morning. Portuguese 10yr rates fell below 10y Treasury yields for the first time since 2007 this morning." “Our overnight US rates flows saw bank portfolio buying in 3's, 7's and 10's and some scattered paying in 10yr rate. Overnight inter-dealer Treasury volume (4pm to 6am) was 98% of the 10-day average volume for the overnight session.” “2s (0.638%)– 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 still mixed and still oversold.” “5s (1.60%)– Next major support comes in at 1.80% and just above. Nearby resistance lines up at ~1.49%. Daily momentum is mixed and still oversold.” “10s (2.12%)–Next resistance comes in at ~1.96%, the Feb 12th lows that we recently rebounded off of. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is mixed but into oversold readings.” “30s (2.725%)– Bonds don't have any solid support until 3.105%, the November "lows." Local resistance is ~2.54%. Daily momentum is mixed and still showing oversold readings.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 23,2015 OctaFX.Com News Updates

Technical outlook: Short-term treasuries oversold – RBS FXStreet (Barcelona) - William O’Donnell, Head of US Treasury Strategy at RBS, gives the technical outlook for US treasuries, viewing that technicals for benchmark rates are pretty mixed with short term studies hinting at oversold conditions while long term studies stay overbought. Key Quotes “Treasuries are modestly higher as markets await Yellen's testimony tomorrow.” “Bunds and Gilts are weaker (though off the overnight lows) and peripheral EU debt spreads have tightened with Greek 10yr spreads ~60bp tighter this morning. Portuguese 10yr rates fell below 10y Treasury yields for the first time since 2007 this morning." “Our overnight US rates flows saw bank portfolio buying in 3's, 7's and 10's and some scattered paying in 10yr rate. Overnight inter-dealer Treasury volume (4pm to 6am) was 98% of the 10-day average volume for the overnight session.” “2s (0.638%)– 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 still mixed and still oversold.” “5s (1.60%)– Next major support comes in at 1.80% and just above. Nearby resistance lines up at ~1.49%. Daily momentum is mixed and still oversold.” “10s (2.12%)–Next resistance comes in at ~1.96%, the Feb 12th lows that we recently rebounded off of. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is mixed but into oversold readings.” “30s (2.725%)– Bonds don't have any solid support until 3.105%, the November "lows." Local resistance is ~2.54%. Daily momentum is mixed and still showing oversold readings.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 23,2015 OctaFX.Com News Updates

EUR/USD deeply oversold – FXMarketAlerts FXStreet (Barcelona) - The FXMarketAlerts Team gives the technical outlook and key levels for EUR/USD. Key Quotes “Mkt. has been under pressure all morning with sub 1.13 reached.” “Indicators are at extremes now so we doubt 1.1278 will give way without a decent reaction first. Res. is in the 1.1345/60 band.” “Sup. is at the previously mentioned 1.1278 closely followed by 1.1260/69.” “R1: 1.1345/60 intraday level” “R2: 1.1390/95 intraday level” “R3: 1.1412 today high” “S1: 1.1278 Fri low” “S2: 1.1260/9 * 9 Feb low” “S3: 1.1223 * 27 Jan low” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 23,2015 OctaFX.Com News Updates

USD firmer ahead of Yellen – TDS FXStreet (Barcelona) - Shaun Osborne, Chief FX Strategist at TD Securities, mentions that Yellen’s testimony is expected to be a little hawkish relative to expectations, with USD trading firmer at the start of the week, already discounting the expected tone of the speech. Key Quotes “We expect the Fed messaging to remain relatively upbeat; market expectations may be coloured by the release of the “low for longer” minutes from the January FOMC last week but it is important to remember that after the January policy meeting took place, the January NFP report delivered some solid-looking data.” “We think Yellen’s comments may appear a little hawkish relative to market expectations and we continue to view the Fed as moving towards rate lift off later this year (Q3).” “The USD is trading firmly at the start of the week and US 10y yields are nudging close to recent highs, perhaps already discounting the expected tone of the comments.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 23,2015 OctaFX.Com News Updates

Gold recovers slightly ahead of the US data FXStreet (Mumbai) - Gold prices recovered from the low of USD 1190.70/Oz to trade at USD 1196/Oz levels ahead of the regional manufacturing indices and existing home sales data in the US. Strong USD weighs over Gold prices The yellow metal came under pressure due to the strength in the US dollar ahead of the Fed. Chairman Janet Yellen’s semi-annual testimony to the Congress tomorrow. Furthermore, the fading concern regarding the Greek debt deal is capping the safe haven demand for the metal. The metal could extend losses ahead if the US Chicago and Dallas activity indices print higher than expected, while the Existing home sales rise more than the expected contraction of 0.8% month-on-month. In the meantime, the positive action in the US equity futures and other major European equity markets could keep the metal under pressure. Gold Technical Levels The immediate resistance is seen at 1200, above which gains could be extended to 1206.3 levels. On the flip side, support is seen at 1190 and 1186 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 23,2015 OctaFX.Com News Updates

AUD/NZD drops to fresh lows on falling commodity prices FXStreet (Mumbai) - AUD/NZD dropped in the European session, hovering near fresh session lows largely on the back of Aussie weakness, dragged down by declining commodity prices. AUD/NZD inches towards multi-year lows Currently, the AUD/NZD cross trades lower by -0.50% at 1.0370 levels, with a day’s high of 1.0431 and day’s lows posted at 1.0364. The cross in AUD/NZD edged lower, mainly pulled down by the Australian dollar on declining prices of bullion and copper, with the safe-haven appeal of bullion easing given the euro zone-Greece deal late on Friday, as investors moved their investments to riskier assets. On the other side of the story, NZD also remains weak against the US dollar. However, the losses in the Aussie are greater than that in the NZD/USD pair. At the moment, AUD/USD trades -0.65% lower at 0.7790 levels, while NZD/USD trades -0.15% at 0.7514 levels. AUD/NZD Technical Levels The pair has an immediate resistance at 1.0431 levels, above which gains could be extended to 1.0445 levels. On the flip side, support is seen at 1.0347 levels, from here it to below 1.0300 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 23,2015 OctaFX.Com News Updates

OctaFX.Com - MASSIVE Spread Reduction at OctaFX! This is a revolution in lowering the spreads that happened in OctaFX! We have reduced major currency spreads! Now you can enjoy trading with as low as 0.2 pip spreads. They’ve never been that tight. 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 approaches weekly lows FXStreet (Córdoba) - USD/JPY has fallen to fresh daily lows at the beginning of the American session as a cautious tone dominates markets as Eurogroup and Greece continue to negotiate a loan agreement. USD/JPY is tracking US Tsy yields down, having dropped to a 3-day low of 118.29 in recent dealings despite above expectations Markit manufacturing PMI data. With the calendar empty for the rest of the day, Greek headlines will likely drive price action during the next hours. The Eurogroup is scheduled to meet at 16:30 GMT. USD/JPY is currently trading at the 118.35 zone, recording a 0.48% loss on the day. The pair is also on track to post its second weekly loss in a row, extending a correction from above 120.00. USD/JPY technical levels As for technical levels, immediate supports are seen at 118.23 (Feb 17 low) and 118.00 (psychological level). On the flip side, resistances could be found at 118.77 (intraday level), 119.00/05 (psychological level/200-hour SMA) and 119.17 (Feb 19 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 20,2015 OctaFX.Com News Updates