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AUD/USD finds support at 0.8430 FXStreet (Edinburgh) - The decline in AUD seems to have found support around 0.8430, with AUD/USD managing to climb back to the mid-0.8400s at the moment. AUD/USD down from 0.8550 The pair retreated more than a big figure since session tops in the vicinity of 0.8550, after a neutral (repetitive?) tone from the RBA in today’s meeting boosted the demand for the Aussie dollar. The upside was short-lived however, with spot lacking enough conviction to leave behind 0.8550, triggering the current correction against a strong bid tone from the US dollar. The AUD will remain under pressure in light of the Q3 GDP figures in Oz due tomorrow, with consensus pointing to an expansion of 0.7% inter-quarter y 3.1% over the last twelve months. AUD/USD key levels At the moment the pair is retreating 0.55% at 0.8455 and a breakdown of 0.8417 (low Dec.1) would aim for 0.8315 (low Jul1.2010) and then 0.8269 (low Jun.10 2010). On the upside, the initial hurdle lines up at 0.8545 (high Nov.28) ahead of 0.8564 (10-d MA) and finally 0.8619 (high Nov.25). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 02, 2014 OctaFX.Com News Updates

OctaFX.com-One week brings OctaFX traders $400 in prizes! OctaFX cTrader Weekly demo contest Round 4 is finished! Today, we congratulate 5 best traders in the round and award them prizes they deserved! 1st place with the award of 150 USD goes to Mr. Sachin Timashetty from India 2nd place with the award of 100 USD goes to Mr. Andy from Indonesia 3rd place with the award of 75 USD goes to Mr. Munawir Nawir from Indonesia 4th place with the award of 50 USD goes to Mrs. Ernawati from Indonesia 5th place with the award of 25 USD goes to Mrs. Lidya Rahma Yani from Indonesia The number of total profitable trades is stunning! 11950 closed orders were profitable, against just 4982 losing trades! We thank every trader for participation. The next round of cTrader Weekly demo contest starts in a week – it’s high time to register and win prizes from 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!

RBA leaves rates on hold – SG FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Research at Societe Generale, notes that RBA kept rates on hold, while still bemoaning the AUD’s strength. Key Quotes “As inflation remains low, the desire for a weaker currency grows. The RBA (and RBI) left rates on hold overnight, the RBA as usual bemoaning the AUD’s strength. The RBA would like a weaker currency much more than they would like to cut interest rates in 2015, though we see more and more economics teams forecast a move down. AUD/USD got a brief lift from the meeting, which is being eroded as I write. 0.80 is still a target.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 02, 2014 OctaFX.Com News Updates

Rouble continues to remain soft – DB FXStreet (Barcelona) - The Deutsche Bank Research Team note that the recent slump in Oil has continued to weigh on the Ruble, as it stands at a 30% decline since September-end. Key Quotes “Briefly back to the Oil theme, the effect of the recent slump continues to have a negative impact on the Russian Rouble. The currency was down as much as 6.6% yesterday versus the dollar before paring back some of those intra-day losses to close around 4.5% lower on the day (at 51.65). The currency has now declined 30% since the end of September.” “Russia’s 5yr CDS widened a further 26bps yesterday to 344bps whilst the 10y government bond yield finished 15bps higher at 10.76%. The moves also come on the back of an announcement by the Finance Minister Siluanov last week that capital flight may reach $130bn in 2014 - the most since 2009.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 02, 2014 OctaFX.Com News Updates

Lower energy prices good news for the global economy says IMF chief – Investec FXStreet (Barcelona) - The Investec Research Team cites IMF Chief Christine Lagarde’s comments that the lower energy prices will help boost economies in the US and across much of the globe. Key Quotes “After London trade, International Monetary Fund (IMF) chief Christine Lagarde said that falling oil prices will help boost economies in the US and across much of the globe, a net positive for a world struggling with slowing growth. "It is good news for the global economy," Ms. Lagarde said at The Wall Street Journal CEO Council annual meeting.” “For the US, lower energy prices will help accelerate economic growth to a 3.5% pace next year, Ms. Lagarde said, up from an October forecast of 3.1%.” “Oil prices tumbled to multiyear lows last week after the Organization of the Petroleum Exporting Countries (OPEC) decided to maintain its production quotas, rather than lowering its output target.” “Lower oil prices are good for most consumers, who pay less for gasoline, although it could cause a short term drop in inflation before the benefits are felt and could squeeze energy companies and the economies of some major producers like Russia, Canada and Norway.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 02, 2014 OctaFX.Com News Updates

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Gold trades steady ahead of the US PMI readings FXStreet (Mumbai) - Gold prices steadied around USD 1776.Oz levels as investors await the US manufacturing PMI readings for November from Markit and ISM. Gold now trades 0.14% higher for the day at USD 1776/Oz levels, after bouncing-off from the day’s low of USD 1141.850/Oz levels. The Markit US PMI is expected to rise slightly to 55.00 levels while the ISM figure is expected to come-in at 58.00. Both figures are still comfortably in growth territory. However, a surprisingly weak figure is likely to push Gold prices higher. The yellow metal recovered from the day’s low during the European session, tracking weak PMI manufacturing figures across China and Eurozone. The Moody’s downgrade of Japanese debt also helped yellow metal gain strength. Gold Technical Levels Gold has an immediate resistance located at 1182.70 on the hourly charts, above which a strong resistance is seen at 1200.00 levels. Meanwhile, a failure to sustain gains at the current levels, shall push the pair down to the day’s low of 1141.80. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

USD/CAD testing 1.1400 FXStreet (Edinburgh) - The greenback is losing the grip vs., its Canadian counterpart on Monday, dragging USD/CAD to a visit of the 1.1400 key handle. USD/CAD attention to the US data After reaching the boundaries of 1.1460 overnight, spot has been deflating to the current area just above 1.1400 the figure against a backdrop of generalized USD weakness. Ahead in the session, US ISM Manufacturing and the manufacturing PMI tracked by market will be the highlights in the US economy, followed by the speech by Fed’s W.Dudley. According to Camilla Sutton, Chief FX Strategist at Scotiabank, “the violence in the last two sessions highlights upside momentum and is likely to push technical studies into buy territory; however for now these studies are only flirting with such a change. We are biased to be long USDCAD looking for a test up to 1.1467”. USD/CAD relevant levels As of writing the pair is now losing 0.28% at 1.1406 with the next support at 1.1325 (low Nov.28) followed by 1.1300 (psychological level) and then 1.1280 (Tenkan Sen). On the upside, a breakout of 1.1459 (high Dec.1) would open the door to 1.1466 (2014 high Nov.5) and then 1.1500 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

AUD/USD erases losses and rises above 0.8470 FXStreet (Córdoba) - AUD/USD moved toward 0.8500 during the last hours trimming losses favored by the decline of the US dollar across the board. During the Asian session the pair bottomed at 0.8415, fresh 4-year low and then rebounded but the recovery was limited by 0.8455; hours ago broke above and printed a daily high at 0.8497. Despite the recovery AUD/USD is trading below the price it close on Friday, keeping a bearish gap still open. Last week finished at 0.8509 and so far it has been unable to trade above 0.8500 on Monday. AUD/USD technical levels To the upside, immediate resistance lies at 0.8495 - 0.8500 (daily high) and above here at 0.8527 and 0.8540 (Nov 28 high). On the opposite direction, support might now lie at 0.8475 and below here at 0.8455 and 0.8415 (daily low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

Policy divergences, decline in commodity prices, and China’s slowdown continue to drive the markets – BBH FXStreet (Barcelona) - The Research Team at Brown Brothers Harriman have identified three forces that are shaping the investment climate: the economic and monetary divergence that favors the US, the decline in commodity prices, and a slowing of China, which have strengthened and are reinforcing each other. Key Quotes “Throughout the last few months, we have identified three forces that are shaping the investment climate: the economic and monetary divergence that favors the US, the decline in commodity prices, and a slowing of China. These forces remain very much intact, and if anything, have strengthened and reinforcing each other. “ “Over the weekend, the PBOC announced it is ready to implement guarantees on deposits (as much as RMB 500,000 or about $81,500). This pushes the agenda towards interest rate liberalization.” “The US dollar is mostly softer as North American participants prepare to return from what was a long weekend for many. The greenback had initially moved higher, hitting ¥119.15, while the euro slipped to $1.2420. The proximate cause was the continued fall in oil prices and news that Moody's cut Japan's credit rating to A1 from Aa3.” “However, the dollar shed its gains in the European morning, as falling equity markets sent the dollar to almost JPY118 and the euro recovered to almost $1.2480.” “There was little sustained reaction to the EU PMI, which fell to 50.1 from the 50.4 flash reading. Germany's PMI was the lowest since June 2013, and the second sub-50 reading in the past three months.” “In the EM space, RUB is again making new lows, falling 4.5% against the basket. Other oil exporters have also been hit heavily, notably Malaysia and Colombia.” “Brent futures fell below $68.0 per barrel, but have since recovered back to just under $70.0.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

EUR/GBP dips to lows at 0.7930 FXStreet (Edinburgh) - The good tone from the sterling is weighing on EUR/GBP at the beginning of the week, dragging it to the area of 0.7930. EUR/GBP softer post-UK data The bid sentiment around the pound is offsetting the also positive mood in the EUR, sending the cross lower and partially eroding last Friday’s upside to the upper-0.7900s. Good results from the UK docket, with Consumer Credit and manufacturing PMI surpassing estimates are giving extra oxygen to the GBP, already bolstered by a risk-on environment. In light of the upcoming BoE and ECB meetings, Senior FX Strategist at Rabobank Jane Foley commented, “If QE is announced by the ECB in the coming months we expect that the EUR will remain under pressure and we expect a low grind lower in the value of EUR/GBP towards the 0.76 level on a 12 mth view”. EUR/GBP levels to watch At the moment the cross is losing 0.29% at 0.7932 with the next support at 0.7900 (psychological level) ahead of 0.7890 (55-d MA). On the upside, a break above 0.7976 (high Dec.1) would open the door to 0.8002 (high Nov.21). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

Nikkei hits seven-year high FXStreet (Mumbai) - The Japanese stocks advanced today on a surprisingly strong capital spending report and weak Yen. The Nikkei finished higher0.75% higher at 17,590.10, its highest closing level since July 26, 2007. The stocks opened strong today after the Japanese finance ministry said nonfinancial companies’ combined capital expenditures in the quarter rose 5.5% year-on-year, compared to the forecast of 1.6%. Meanwhile, weakness in the Yen also supported prices. For a brief moment the USD/JPY pair rose above 119.00 levels today. Among stocks, Fanuc Corp rose 1.9% and Keyence Corp rose 2.3%. Falling Crude prices pushed ANA Holdings Inc to gain 5.3%, while Japan Airlines Co climbed 7.2%. Other gainers included tire maker Bridgestone Corp and Yokohama Rubber Co. Meanwhile, on the minus side was Sumitomo Metal Mining Co, which fell 1.8% tracking the fall in Gold prices. Nikkei Technical Levels The index has a strong resistance located at 17,875 (May 2007 close), above which gains could be extended to 18,000 levels. On the flip side, immediate support is seen at 17,563 (Apr 2006 high), and 17,488 (Oct 2007 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

EUR/USD technicals maintain the negative tone – FXStreet FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, the 4 hour technical charts maintain the negative tone for the EUR/USD pair, which is trading in the 1.2400 - 1.2520 range. Key Quotes “EUR/USD pair trades near its daily high of 1.2474 despite local Markit manufacturing PMIs resulted a big miss: EZ PMI was down to 50.1, German printed 49.5 and Italy and France ones resulted both below 50.” “Technically however, the 4 hours chart maintains the negative tone with price finding intraday resistance around 20 SMA, flat and converging with 100 one around mentioned daily high, whilst indicators remain below their midlines.” “Trading mid range, the pair remains contained between 1.2400 and 1.2520, the levels to break to see it setting a more directional move over the upcoming sessions.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

Oil price tumbles 40% since June – Investec FXStreet (Barcelona) - The Research team at Investec note that Oil prices have fallen 40% since June and it affects both oil-linked currencies as well as near term inflation. Key Quotes “Oil prices have been in decline this year, with oil having tumbled almost 40% since June due to the US shale boom and slower economic growth in China and Europe dampening demand. The Organization of the Petroleum Exporting Countries decision last week to hold oil supply steady amid falling prices has acted like a red rag to a bull, as the market sees how low it can push the price of oil before the oil producers are forced to act to protect prices.” “Oil-linked currencies such as the Canadian Dollar and Norwegian Krone have fallen in the aftermath. Oil importing countries currencies such as the British Pound, Japanese Yen, and to some extent Euro, have also been hit.” “The lower oil price will see a drag on near term inflation at a time when there are concerns about the extent of price slowdown and targeting higher levels of inflation. There will be second round spending effects as the money saved on energy prices is spent by consumers but this will take a while to be seen in the UK and the Bank of England will have to look through a soft patch of inflation that will likely stop them raising interest rates for now.” “By Contrast, the US Dollar has been a net winner, more-so by default. Lower pump prices are a shot-in-the-arm for the economy as disposable income increases (due to lower fuel taxes), so the US are likely to be one of the first to receive the second round spending effects that some have likened to a mini-stimulus package. This has been part of the story of the US Dollar continuing to make gains.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

RBI to keep rates unchanged, with rising risks of a surprise – TDS FXStreet (Barcelona) - Cristian Maggio, Head of Emerging Markets Research at TD Securities, expects the Reserve Bank of India’s Governer Rajan to keep the key rates unchanged and announce the achievement of the 8% CPI target tomorrow. Key Quotes “The Reserve bank of India will announce their rate decision tomorrow and we expect Governor Rajan to keep the key rates on hold (repo at 8.00% and CRR at 4.00%). This view is in line with the almost unanimous consensus expectations, but we see increasing risks that a surprise cut may also occur.” “The reason for potential easing of policy rates is essentially related to the inflation dynamic, which has been a lot more benign than we had initially expected. This reflects in both a resumption to normal levels of precipitations in the latter months of the summer monsoon season, and the plunge in crude oil prices since July.” “In tomorrow’s announcement, rather than a surprise cut, we expect the RBI to communicate more comfort with the achievement of the short-term target of 8% for CPI. The target for January 2016 is 6%, which also seems attainable and which will eventually determine the decision to cut rates in 2015.” “If we are right, the decision to hold may give temporary respite to the INR, which has been weakening in line with the general trend in EM FX since July and is currently trading at 62.09 to the dollar, 2% above our Q4 forecast of 60.9.” “Rather than with outright longs to the USD, we continue to express our positive view on INR through long INR/KRW in 1m NDFs (target at 19.00), and our oil basket trade (long THB, INR, PHP, TRY—short COP, MXN, BRL) that has gained approx. 2% in spot since November 27.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

UK manufacturing PMI climbs to four-month high in November FXStreet (Mumbai) - The UK Manufacturing Purchasing Manager’s Index came-in at a four-month high of 53.5 in November, compared to October’s 53.2 and higher than the preliminary reading of 53.00. The upturn in the manufacturing activity was supported by solid domestic order inflows, which offset subdues trend in new export orders. Meanwhile, Manufacturing employment increased for the nineteenth consecutive month in November, with the rate of job creation reaching four-month high. Price pressures remained weak in November. The average input prices declined for the third straight month, while the average output prices rose marginally. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

United Kingdom Net Lending to Individuals (MoM) declined to £2.6B in October from previous £2.7B Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 01, 2014 OctaFX.Com News Updates

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AUD/USD advances beyond 0.8500 FXStreet (Edinburgh) - The Aussie dollar is now extending its rebound from multi-year lows near 0.8490 vs. the US dollar, lifting AUD/USD back to the 0.8515/20 area. AUD/USD weaker ahead of RBA The offered tone remains intact around AUD, with spot navigating the current leg lower sparked after November tops in the boundaries of 0.8800 the figure. Next of note in Australia will be the RBA monetary policy meeting due on Tuesday. Although expectations point to a neutral tone from Governor Stevens, traders will closely follow the statement, especially in light of the recent CapEx figures. Jane Foley, Senior Currency Strategist at Rabobank, commented, “Given our view that the USD has embarked on a long term recovery, we see AUD/USD edging lower on a long term view. However, we see risk of a short-covering rally in AUD/USD near-term with a view that AUD/USD will edge down towards 0.84 on a 12 mth view” AUD/USD key levels At the moment the pair is losing 0.37% at 0.8518 and a breakdown of 0.8480 (low Nov.26) would expose 0.8450 (low Jul.7 2010) and then 0.8315 (low Jul.1 2010). On the other hand, the initial hurdle aligns at 0.8619 (high Nov.25) ahead of 0.8648 (10-d MA) and finally 0.8673 (21-d MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28, 2014 OctaFX.Com News Updates

Weak Eurozone data adds pressure on ECB FXStreet (London) - This morning’s European data will increase the pressure on European Central Bank policymakers ahead of the bank’s meeting next week. Figures from Eurostat showed that Eurozone consumer prices declined to 0.3 percent in November, down from 0.4 percent, with disinflationary pressure coming from declining oil prices and weakening demand. The latest inflation numbers are a long way from the 2 percent ECB target of 2 percent – a level not seen since early 2013 when crude prices were more than 17 percent higher than today. In addition to the weak inflation numbers, Eurozone unemployment levels remained at 11.5 percent in October with youth unemployment at 21.6 percent. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28, 2014 OctaFX.Com News Updates

Japan data was the headline driver in Asia – DB FXStreet (Barcelona) - The Deutsche Bank Research Team, note that Japan seems to be the main headline driver in Asia this morning following a host of mixed data releases. Key Quotes “Starting with retail sales, the print came in at a disappointing -1.4% mom (vs. -0.5% expected), although this appears to be somewhat offset by a better industrial production reading (+0.2% mom vs. -0.6% mom expected) and slight drop in the jobless rate to +3.5% from +3.6% previously, matching the 17yr low seen in August and May. “ “In terms of inflation, CPI (ex food) slipped to +2.9% yoy, marking a third consecutive monthly decline whilst stripping out the effect of the sales tax showed a fairly subdued +0.9% core print.” “In fact, staying on Japan, 2y JGB’s dropped below zero for the first time ever this morning ahead of today’s auction. As we type, the notes are trading at -0.002% - matching only Germany, Sweden, Netherlands, Denmark, Finland and Switzerland with similar duration bonds trading with a negative yield.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28, 2014 OctaFX.Com News Updates

FTSE declines as Energy stocks fall FXStreet (Mumbai) - The London’s FTSE index is being driven lower today by a fall in the Energy stocks after Crude Oil prices fell to fresh four-year lows. The Ftse traded 0.65% lower at 9929.30 levels at the time of writing. The index breadth is negative with an advance-decline ratio of 45:53. The Oil and Gas index is down by 4.29%, while the Oil Equipments Services and Distributions index is down 5.28%. Among the index stocks, shares in multinational oil and gas company BG group fell 8.11%, followed by shares in Weir group, which declined 6.84%. Tullow Oil lost 5.41%, while BP’s share price and Royal Dutch Shell B.’s share price declined 3.5% each. Meanwhile, on the plus side are stocks like Vodafone Group PLC, Kingfisher, Easyjet and Rio Tinto. Moreover, the shares in energy companies have taken a beating across the globe since Crude prices hit fresh four-year lows after the OPEC group decided to keep the production levels unchanged at 3 million barrels per day. Ftse Technical Levels The index has an immediate support located at 6641 levels, under which prices may fall to 6600 levels. On the flip side, a breach of resistance located at 6731 levels, shall open doors for a re-test of 6765 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28, 2014 OctaFX.Com News Updates

Eurozone unemployment holds at 11.5 percent FXStreet (London) - Eurozone unemployment held at 11.5 percent in October, level with the September print, according to Eurostat. The 28-member European Union unemployment rate was 10.0 percent in October 2014, also stable compared with September 2014 and down from 10.7 percent in October 2013, Compared with September 2014, the number of persons unemployed increased by 42 000 in the European Union and by 60 000 in the Eurozone. Compared with October 2013, unemployment fell by 1.549 million in the EU and by 547 000 in the Eurozone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28, 2014 OctaFX.Com News Updates

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