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AUD/USD dips back below 0.7800 FXStreet (Córdoba) - AUD/USD failed to sustain gains above 0.7800 and pulled back at the beginning of the American session, trimming intraday gains. The Australian dollar reached a daily high of 0.7823 versus the greenback, but lacked follow-through and retreated toward the 0.7780 area in recent dealings. At time of writing, the pair is trading at 0.7790, still up 0.52% on the day. AUD/USD remains vulnerable with the downside exposed in the long term amid divergent policies from the RBA and the Fed, with the Australian bank cutting rates to a record low of 2.25% on Tuesday, even when AUD/USD managed to take back post-decision losses. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 05,2015 OctaFX.Com News Updates

AUD/USD dips back below 0.7800 FXStreet (Córdoba) - AUD/USD failed to sustain gains above 0.7800 and pulled back at the beginning of the American session, trimming intraday gains. The Australian dollar reached a daily high of 0.7823 versus the greenback, but lacked follow-through and retreated toward the 0.7780 area in recent dealings. At time of writing, the pair is trading at 0.7790, still up 0.52% on the day. AUD/USD remains vulnerable with the downside exposed in the long term amid divergent policies from the RBA and the Fed, with the Australian bank cutting rates to a record low of 2.25% on Tuesday, even when AUD/USD managed to take back post-decision losses. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 05,2015 OctaFX.Com News Updates

Canada Exports registered at $44.06B above expectations ($42.9B) in December Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 05,2015 OctaFX.Com News Updates

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US Markit Services PMI gains in January FXStreet (London) - At 54.2 in January, the final seasonally adjusted Markit US Services Business Activity Index picked up from 53.3 in December. The index has now registered above the 50.0 no-change threshold for fifteen consecutive months, but the latest reading signalled that the rate of service sector output growth was still much weaker than the peaks seen in mid-2014. According to Markit, slower new order growth continued to weigh on the performance of the service economy at the start of the year. The rate of new business expansion has weakened in each month since last October, and the latest rise was the least marked in almost five-and-a half years of data collection. Some firms noted that greater caution among clients had led to more subdued sales growth at the start of 2015. Meanwhile, volumes of work-in-hand (but not yet completed) increased only marginally during January, with the rate backlog accumulation easing to the slowest for six months. Commenting on the PMI data, Chris Williamson, Chief Economist at Markit said: “Markit’s US PMI surveys accurately anticipated the near-halving in the pace of economic growth in the fourth quarter of 2014, and suggest that the rate of expansion remained little better than 2.0 percent annualised at the start of 2015. “Companies are clearly struggling at the moment, with the surveys recording the smallest increase in new orders seen since the financial crisis six years ago amid weaker US and global economic growth and the strong US dollar. “However, the survey also found that companies remained in hiring mode, pointing to another robust non-farm payroll gain in January. At the same time, cost pressures hit a post-crisis low due to the oil price rout, which should pave the way for further falls in headline inflation in coming months. “Irrespective of the employment gain, the combination of lower inflation and slower economic growth suggests that any lifting of interest rates before mid-year is looking increasingly unlikely.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 04,2015 OctaFX.Com News Updates

AUD/USD short-term bearish – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, comments that technicals suggest AUD/USD outlook remains bearish in the short-term, expecting the pair to resume its decline one a break of 0.7735 levels. Key Quotes “Australian dollar failed to extend its gains overnight, topping against the greenback around the 0.7850 price zone, and bearish in the short term, according to the 1 hour chart that shows price extending below its 20 SMA and indicators crossing their midlines to the downside.” “In the 4 hours chart price is now pressuring a flat 20 SMA whilst indicators are also crossing their midlines, supporting a steadier decline particularly if 0.7735 gives up.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 04,2015 OctaFX.Com News Updates

Majors in a technical snapshot - RBS FXStreet (Guatemala) - Analysts at RBS gave a snapshot technical analyses of a handful of the Major pairs. Key Quotes: "EUR/USD: 1.11 proved to trigger a bullish correction, which may continue for the week ahead GBP/USD: 1.4970 supports the price, further recovery is expected after 1.5110 breakout EUR/GBP: 0.7390 – 0.7628 range-bound theme to continue for now; long-term channel in play USD/JPY: Correction nears end, may see an earlier-than-expected upswing to 124" OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03,2015 OctaFX.Com News Updates

There is lot of momentum in the US economy – Fed’s Bullard FXStreet (Mumbai) - St. Louis Fed President James Bullard said today that there is a lot of momentum in the US economy, while stating low oil prices and long term rates as tailwinds for the US economy. The policymaker also said that the yield on the US 10-year Treasury yield under 2% is astonishingly low. The yield currently trades at 1.752%. On the European Central Bank’s QE (ECB) he said that the effects are already in financial markets. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03,2015 OctaFX.Com News Updates

USD/JPY upside limited – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical setup for USD/JPY, noting that the pair’s upside might remain limited in the short-term. Key Quotes “The USD/JPY trades around its daily opening, having however reached a lower low daily basis at 116.87.” “The positive sentiment that sent dollar lower against high yielders, is also affecting safe-haven yen that anyway remains subdued.” “The 1 hour chart for the pair shows that indicators aim higher above their midlines, although 100 SMA offers immediate short term resistance around current levels.” “In the 4 hours chart indicators turned higher but remain below their midlines, whilst the price remains below its moving average, all of which should keep the upside limited in the short term.” “Support levels: 117.30 117.00 116.60" “Resistance levels: 118.10 118.40 118.80” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03,2015 OctaFX.Com News Updates

Recovering oil to lead USD/CAD to retrace lower – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, comments that as long as WTI remains above $50 USD/CAD is set to retrace lower, expecting a close below 1.2537 to lead way for 1.2390 levels. Key Quotes “CAD is strong, having retraced over 2% from its weakest levels.” “Oil prices have rallied dramatically, WTI is up 18%, since its $43.58 low. Accordingly for CAD the downward pressure has eased, laying the groundwork for significant short covering.” “As long as oil continues to trend higher, there is near‐term upside risk for CAD (downside USDCAD).” “In USDCAD terms, a close below 1.2537, the high from January 28th is important and opens up a test down to 1.2390.” “As long as WTI remains above $50 we expect USDCAD to temporarily retrace lower; however in the medium term USDCAD is still vulnerable to upside risk from a fundamental backdrop that has shifted dramatically.” “For the BoC the market is pricing in a 40% chance of an interest rate cut at the March 4th meeting, a 60% chance of an April 15th cut and one full cut priced in by September. This outlook combined with oil prices is imperative for the path of CAD.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03,2015 OctaFX.Com News Updates

WTI set to surge further – BAML FXStreet (Barcelona) - The Research Team at Bank of America-Merrill Lynch, expects WTI Crude’s gains to continue towards $54.33 levels. Key Quotes “Evidence suggests that Friday's surge higher in WTI has further to run. The recent surge in Open Interest, rising approximately 134k contracts since Jan-16, indicates vulnerable short positions (open interest rises when the seller is a new short and the buyer is a new long) which are now at risk of being covered.” “With the break of 2m trend line resistance (and weekly hold of 16yr trend line support) gains should continue in the sessions ahead towards the Dec-16 low at 54.33 before renewed stalling.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 03,2015 OctaFX.Com News Updates

EUR/USD struggles below 1.1300 FXStreet (Edinburgh) - The shared currency remains unable to pick up pace in the European evening, relegating EUR/USD to the upper-1.1200s so far. EUR/USD clings to 1.1300 After a brief dip to the 1.1280 neighbourhood following comments by the Greek finmin, the pair managed to partially revert losses although it still trades below the 1.1300 handle. The euro failed to spark further buying interest after US docket disappointed investors today, with the economy expanding at an annual pace of 2.6% in the fourth quarter vs. 3.3% forecasted. Later releases showed the consumer sentiment tracked by the Reuters/Michigan index improving to 98.1 from 93/6 and the Chicago PMI up to 59.4 vs. 58.3. EUR/USD levels to consider As of writing the pair is retreating 0.27% 1.1293 with the immediate support at 1.1262 (low Jan.29) ahead of 1.1261 (50% of 1.1098-1.1423) and then 1.1200 (psychological level). On the upside, a surpass of 1.1368 (high Jan.28) would open the door to 1.1371 (200-h MA) and finally 1.1384 (high Jan.28). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

Canadian dollar and cross in a technical snapshot - TDS FXStreet (Guatemala) - Analysts at TD Securities gave a snapshot technical analyses in the Canadian dollar. Key Quotes: "USD/CAD> drops back from early highs but we look for firm support on dips to the upper 1.26s area." "EUR/CAD tests a major resistance zone around 1.45; we continue to favour range trading here." "AUD/CAD chops around resistance in the low 0.99 area." "GBP/CAD reaches our s/t bull target – higher levels are still on the cards." "CAD/JPY extends below support in the high 92s – look for more weakness towards 90.50. " OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

EUR/USD shows no reaction after US data – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook for EUR/USD, with the pair showing no major reaction post the US and EZ releases. Key Quotes “The EUR/USD pair can’t find a way this Friday, trading around its daily opening and despite key macroeconomic data has been released for both economies.” “Earlier on the day, EZ inflation turned out negative, a confirmation of the ongoing deflation in the area. In the US, GDP figures showed the economy expanded at a slower pace than forecasted in the QE, printing 2.6% against an expected 3.3% grow.” “The EUR/USD however, continues to trade in the lows 1.13’ with the 1 hour chart showing price moving back and forth around 20 and 100 SMAs, both flat in a 10 pip range, while indicators hold in neutral territory.” “In the 4 hours chart indicators turn slightly lower but also around their midlines, lacking directional strength at the time being.” “Selling interest has surged again earlier on the day near the 50% retracement of the latest bearish run at 1.1365, becoming the critical resistance to break to confirm an upward extension.” “The main support on the other hand, stands at 1.1250 a static support as per several intraday lows posted around it during these last few days.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

USD/RUB to climb over 75 in a month – Danske FXStreet (Barcelona) - The Danske Bank Research Team, comments on Russian Central Bank decision to cut interest rates by 200bp, and further expects RUB to attain an equilibrium price of 75 with USD. Key Quotes “Today (30 January 2015) Russia’s central bank unexpectedly cut its key rate to 15% from 17% p.a., while consensus expected the rate to stay unchanged.” “The main reason given by the central bank for the cut was that the previous hike by 650bp in December 2014 calmed inflation and depreciation expectations.” “The central bank expects a further decrease in the CPI due to falling economic activity.” “We expect that the rouble will be actively trying to what we estimate as its equilibrium price of 75 against the USD, given the current oil price.” “New sanctions and the escalation of fighting in Eastern Ukraine will be adding a ‘fear premium’ to that level.” “We welcome the decision to cut, as last year’s aggressive monetary policy has caused a massive monetary contraction and is likely to send the Russian economy into deep recession this year (we expect GDP to fall -7.9%), with a further -0.8% y/y fall in 2016.” “Yet, in current conditions 200bp is still a small cut to help lending growth and support economic activity.” “We expect CPI to rise to 20% y/y in H1 15, which leaves no space for further monetary easing. The next meeting of the central bank on the key rate is scheduled for 13 March 2015.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

Gold struggles to extend gains FXStreet (Mumbai) - Gold prices struggled to extend gains despite of a weaker-than-expected preliminary US Q4 GDP data released now. Resilient USD The yellow metal has not been able to extend gains despite weak US GDP as the US dollar failed to weaken. In fact the USD Index is back above 95.00 levels. Most of the major currencies continue to stay weak against the USD except the Japanese Yen. Hence, the yellow metal could not extend gains as the strong USD continued to weigh on prices. The metal did clock a high of USD 1266.66, although the gains could not be sustained. Gold Technical Levels The metal currently trades largely unchanged post the data at USD 1263.10/Oz; up 0.575 for the day. The immediate resistance is seen at 1265.8, above which gains could be extended to 1272.08 (hourly 50-SMA). On the flip side, the support is seen at 1261.6 and 1256 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

Gold struggles to extend gains FXStreet (Mumbai) - Gold prices struggled to extend gains despite of a weaker-than-expected preliminary US Q4 GDP data released now. Resilient USD The yellow metal has not been able to extend gains despite weak US GDP as the US dollar failed to weaken. In fact the USD Index is back above 95.00 levels. Most of the major currencies continue to stay weak against the USD except the Japanese Yen. Hence, the yellow metal could not extend gains as the strong USD continued to weigh on prices. The metal did clock a high of USD 1266.66, although the gains could not be sustained. Gold Technical Levels The metal currently trades largely unchanged post the data at USD 1263.10/Oz; up 0.575 for the day. The immediate resistance is seen at 1265.8, above which gains could be extended to 1272.08 (hourly 50-SMA). On the flip side, the support is seen at 1261.6 and 1256 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

USD/CAD jumps to 1.2800 FXStreet (Edinburgh) - The Canadian dollar accelerates its decline vs. its neighbor on Friday, once again pushing USD/CAD to fresh multi-year highs around 1.2800. USD/CAD in March 2009 levels The pair continues to push higher, this time via further CAD weakness after the Canadian economy contracted 0.2% during November vs. a forecasted flat reading. Data in the US economy showed the GDP grew 2.6% during Q4 2014, missing prior surveys for a 3.6% advance; Employment Cost Index gained 0.6%, matching estimates and down from 0.7% previous. Next on tap will be the Chicago PMI and the Reuters/Michigan index. USD/CAD significant levels At the moment the pair is advancing 1.29% at 1.2776 with the initial barrier at 1.2900 (psychological level). On the downside, a breach of 1.2608 (low Jan.30) would aim for 1.2512 (low Jan.29) and finally 1.2390 (low Jan.28). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

FTSE declines 0.4% FXStreet (Mumbai) - The London’s Ftse index declined today, despite which it looks set to post best monthly performance in more than a year. Energy shares and Miners under pressure The Ftse Oil and Gas index weakened 0.51% as Crude prices continue to hover near six year low. Meanwhile, the Ftse Indsutrial Metals and Mining Index declined 2.43%. Telecom index has weakened 1.84%, while the Bank index is down 0.62%. Among stocks, Shares in Bunzl are down 2.69%, followed by a 2.18% fall in Sainsbury. On the other hand, Fresnillo and Randgold are up 4.00 and 2.68% respectively. Fresnillo share price rose after Deutsche Bank research note reissued “hold” rating on the stock. FTSE Technical Levels The index currently trades 0.43% lower at 6781.00 levels. The immediate support is seen at 6773.14 (Nov. 21 high), under which losses could be extended to 6750.22 levels. Meanwhile, resistance is seen at 6816.80 and 6866.80 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 30,2015 OctaFX.Com News Updates

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AUD/USD at new multi year lows and bearish below 0.8177 downtrend FXStreet (Guatemala) - AUD/USD is trading at 0.7780 with a low of and high scored of 0.7908 and is down 1.55% on the day. AUD/USD has started to recover from these lows but there are no signs of the bearish tone coming to an end and this pair is destined for lower now having broken the 200 month ma at 0.7781 and is fully rejected at the 5th Jan low at 0.8035. Having said that, a minor correction and fading opportunities could come to light on the way lower, especially if the RBA catch the market by surprise next week and do not come across as dovish as speculation has it. Meanwhile, Jane Foley at Rabobank Senior Currency Strategist said, "We have also extended our bearish AUD/USD forecast to 0.70 on a 12 mth view. On a correction, Karen Jones, chief analyst at Commerzbank, sights initial resistance is 0.8034 (7th Jan low), then 0.8080 (20 day ma). "Key resistance is the 0.8177 downtrend. A close above here is needed to alleviate the bearish pressure". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 29,2015 OctaFX.Com News Updates

Technical outlook for US Treasuries – RBS FXStreet (Barcelona) - William O'Donnell of RBS, comments on the bond market and shares the technical outlook for US treasuries. Key Quotes “Treasuries are being led modestly lower by intermediates after US stocks found a bid in the afterhours.” “UK 10yr Gilt yields fell to a record low of 1.406% moments ago after Mark Carney warned that inflation could turn negative before picking up again in 12mo time.” “Our overnight US rates flows saw decent sized selling from Asian and EU real$ in intermediates that helped to push 5's from 26+ in the Tokyo session down to 21+ after the crossover.” “In London hours we also saw EU real$ selling of 10's and 30's and we also had Asian real$ paying in 10's, fast$ receiving in 5y5y and fast$ paying in 2s5s10s.” “Overnight inter-dealer Treasury volume (4pm to 6am) was 75% of the 10-day average volume for the overnight session.” “2s (0.512%)– Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance next up at ~0.40% where we'd close a gap left behind in late October. Daily momentum is mildly bearish.” “10s (1.74%)– Next major resistance comes in at ~1.60%, the May 2013 'lows'. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is mixed again.” “30s (2.31%)– Bonds don't have any solid support until 3.105%, the November "lows." For bonds I'd say the next resistance to watch out for is in USH5 at 153-11, the all-time highs for front moth US futures traced out in July 2012. Daily momentum is back to mixed and still overbought.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 29,2015 OctaFX.Com News Updates

Gold wavers after weekly jobless claims in the US fall FXStreet (Mumbai) - Gold prices fell to a low of USD 1265/O, only to recover back to USD 1271, a level seen before the release of the strong weekly jobless claims data in the US. Jobless claims at lowest level since 2000, Gold steadies around USD 1270 The labor department data in the US showed a number of individuals filing for unemployment benefits fell 43,000 to 265,000 in the week that ended Jan. 24, hitting the lowest tally in 14 years. However, Gold remained largely uninspired after recovering from a quick slump as analysts cautioned over reading too much into claims reports this time of the year, citing volatility from the holidays and weather. Gold prices have steadied around USD 1270/Oz levels post the data release. The metal is now down 1.27% for the day mainly as the interest rate hike expectations in the US remained unchanged post the FOMC statement yesterday. Gold Technical Levels The immediate support is seen at 50-WMA located at 1266.76, under which losses could be extended to 1250.16 (5-WMA). On the flip side, the resistance is seen at 1272.3 and 1280.00 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 29,2015 OctaFX.Com News Updates

Gold wavers after weekly jobless claims in the US fall FXStreet (Mumbai) - Gold prices fell to a low of USD 1265/O, only to recover back to USD 1271, a level seen before the release of the strong weekly jobless claims data in the US. Jobless claims at lowest level since 2000, Gold steadies around USD 1270 The labor department data in the US showed a number of individuals filing for unemployment benefits fell 43,000 to 265,000 in the week that ended Jan. 24, hitting the lowest tally in 14 years. However, Gold remained largely uninspired after recovering from a quick slump as analysts cautioned over reading too much into claims reports this time of the year, citing volatility from the holidays and weather. Gold prices have steadied around USD 1270/Oz levels post the data release. The metal is now down 1.27% for the day mainly as the interest rate hike expectations in the US remained unchanged post the FOMC statement yesterday. Gold Technical Levels The immediate support is seen at 50-WMA located at 1266.76, under which losses could be extended to 1250.16 (5-WMA). On the flip side, the resistance is seen at 1272.3 and 1280.00 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 29,2015 OctaFX.Com News Updates

NZD/USD to move towards 0.68 in the longer term – Rabobank FXStreet (Barcelona) - According to Jane Foley, Senior Currency Strategist at Rabobank, the RBNZ may be required to extend its dovish tone to maintain the pressure on NZD, further expecting NZD/USD to move towards 0.68 and AUD/USD to see 0.70 levels in the longer term. Key Quotes “In our view the risks to growth justify the more dovish tone of the RBA. However, with RBNZ rates at 3.5% the carry trade still has the ability to thwart a broad based decline in the value of the NZD and the RBNZ may have to extent its dovish tone further if it wants to keep the currency under pressure.“ “Earlier this month the AUD/NZD hit a new low in the 1.0355 area sparking a round of talk that the exchange rate was heading to parity.” “Speculation that the RBA could be cutting rates again in the coming weeks heightens the risk that the RBNZ could also be forced to cut rates and so protect New Zealand’s competitive position in the region.” “In view of the change in the RBNZ tone last night and the Fed’s apparent lack of concern about the value of the USD, we have extended our bearish NZD/USD view and look for a move towards 0.68 on a 12 mth view.” “We have also extended our bearish AUD/USD forecast to 0.70 on a 12 mth view.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 29,2015 OctaFX.Com News Updates