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Crude long positions at 17-month low FXStreet (Mumbai) - Crude oil traders trimmed their long positions in line with the falling prices ahead of the more hawkish Fed commentary. The data from the U.S. Commodity Futures Trading Commission (CFTC) shows long positions fell to their lowest level in 17 months. Hedge funds reduced net-long positions in WTI Crude by 2.3% for the week ended Oct 28. Net-longs for WTI declined by 4,288 to 182,486 futures and options combined during the week ended Oct. 28. Long positions dropped to 249,841, lowest since May 2013, while short positions slipped 2.5% to 67,355. Moreover, their decision to trim the long positions proved to be correct as the Crude prices tumbled 18% in October. The WTI Crude for December delivery is trading 0.47% higher at USD 80.92/barrel. WTI Crude Technical levels Crude has an immediate resistance at 81.26, above which the prices can rise to 81.73 levels. On the flip side, prices may test 80.00 levels if the immediate support at 80.73 is breached. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

USD/CAD looking to recover 1.1300 FXStreet (Edinburgh) - After bottoming out in sub-1.1270 levels, USD/CAD is now recovering the ground lost and aiming for the 1.1300 handle. USD/CAD eyes on US docket Spot is advancing for the second consecutive session so far, targeting the interim resistance at Friday’s peaks around 1.1330 against a backdrop of a persistent USD strength. Next of relevance for the pair will be the reports of both Canadian and US manufacturing sectors, with the releases of the RBC PMI and the ISM and PMI gauged by Markit, respectively. According to the last CFTC report, strategists at Rabobank noted, “CAD positions were mostly consolidative, though soft oil prices have pushed CAD shorts to their highest level since June”. USD/CAD levels to watch As of writing the pair is advancing 0.14% at 1.1282 and a surpass of 1.1332 (high Oct.31) would open the door to 1.1360 (high oct.16) and then 1.1385 (2014 high Oct.15). On the other side, the immediate support lines up at 1.1264 (low Nov.3) ahead of 1.1227 (Tenkan Sen) and then 1.1183 (low Oct.31). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

Chinese demand rises amid falling Gold prices FXStreet (Mumbai) - The Gold prices have lost almost USD 50 since the Federal Reserve ended its QE program while sounding upbeat about the US economy. Despite this, Chinese demand as reported by Shanghai Gold Exchange (SGE) appears to have increased sharply. The latest weekly withdrawals figure from the SGE hit 59.7 tonnes, which takes the aggregate total total Chinese gold demand this year to 1 600 tonnes. Moreover, the total demand for 2014 may exceed 2000 tonnes if the size of the weekly withdrawals remains constant in the days ahead. Last year, Chinese demand was huge even though Gold prices were pummeled. The yellow metal is trading largely unchanged today at USD 1171.30/Oz. A sharp rise in the US Dollar index is capping gains in the yellow metal. Meanwhile, Gold may post gains if the US manufacturing data due for release at 15:00 GMT disappoints market expectations. Gold Technical Levels Gold has an immediate resistance at 1183.50, while the immediate support is located at 1160.50 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

EUR/JPY hits fresh 6-month high FXStreet (Córdoba) - EUR/JPY advanced to fresh 6-month highs as the yen continues to underperform across the board as investors continue to assess Friday's BoJ easing move. After briefly dropping below 141.00 to a low of 140.39 during the Asian session, EUR/JPY resumed the upside and climbed toward its highest level since early May at 141.97 so far. At time of writing, EUR/JPY is trading at 141.85, recording a 0.82% gain Monday, after gaining 2.16% Friday following the announcement of BoJ easing measures. EUR/JPY levels to watch On the upside, EUR/JPY could find next resistances at 142.00 (psychological level) and 142.35 (May 8 high). On the other hand, supports are seen at 140.39 (daily low) and 140.00 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

SEB:Caution if USD/JPY closing below 112.14 - eFXnews FXStreet (Łódź) - The eFXnews team remark that the SEB sees a risk of a correction in USD/JPY. Key quotes "Friday’s buying spree brought the pair up above the estimated ceiling line at 112.08." "The move is however starting to look stretched so there’s clearly an increasing correction risk lurking." "Ending today back into the channel will increase such a risk and will probably trigger a few stops." "Should a setback occur the mid body point, 110.75, of Friday’s rising benchmark candle, will be a first hand target." 'This content has been provided under specific arrangement with eFXnews.' OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

All eyes on ECB monetary policy meeting - BNZ FXStreet (Łódź) - Spiros Papadopoulos, economist at BNZ, suggests that th eECB shouldn't make any unexpected moves at its monetary policy meeting this Thursday. Key quotes "With interest rates at the zero bound, there is nothing that practically can now be done on rates unless the corridor between the deposit and refinance rates is widened. We do not look for this to happen." "The ECB is hoping that the results of the banking stress tests and AQR will see Eurozone banks acquire enough capital to be able to lend freely to corporates, which then leaves the ABS scheme as a cheap form of funding for further lending." "However, this will only become clear in December when the second TLTRO auction is held. Until then, the ECB will be crossing its fingers and hoping." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

SEB: EUR/USD fell down to a fresh trend low - eFXnews FXStreet (Łódź) - The eFXnews team note that the SEB observes EUR/USD's decline to a fresh trend low on Monday. Key quotes "Following the recheck and validation of the neckline break the market continued its descent down to a fresh trend low hence fulfilling an absolute minimum target for the move, a new low." "Looking forward more likely targets for the current wave 5 should be sought at 1.2398, 1.2326 or 1.2220." "To maintain a healthy downside momentum it is rather important that a rebound ends below 1.2614." 'This content has been provided under specific arrangement with eFXnews.' OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

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BoJ QE increase and Fed QE end could impact USD/JPY - J.P. Morgan FXStreet (Łódź) - The J.P. Morgan team of analysts see believe that the sharper divergence between the BoJ's and the Fed's monetary policies could have a considerable impact on USD/JPY. Key quotes "Possible change in relative balance sheet between the BoJ / the Fed and real yield differentials between Japan / US suggest a significant upside risk in USD/JPY." "We now see USD/JPY to appreciate to 120 by September 2015. We recommend buying a 6-mo 114-120 USD/JPY call spread against selling a 6-mo 107 put, RKI 104. This costs 12bp." "Today, the BoJ unexpectedly decided to expend QQE by a 5-4 vote." "Today’s decision indicated BoJ's seriousness to push up Japan's inflation to 2%. Indeed, in their semi-annual Outlook Report, BoJ did not change their forecast of core CPI for FY 2016 at 2.1% (excluding the impact of consumption tax hike)." "BoJ decided to hold more risky assets in their asset side and put liability side (the yen note) at risks. BoJ seems to be very serious to devalue the currency they issue." "If the BoJ, who issue the yen note, are so serious to devalue of the yen, probably it will happen. The next question may be if they can stop the devaluation once Japanese people start worrying about holding the yen note." "Indeed, the giant fund who manages pension money of Japanese people already shows the way. The GPIF also announced new target for their portfolio today." "Under the new portfolio, GPIF will have to sell large amount of JGB, which will be absorbed by the BoJ, and buy more stocks and foreign assets. Actually, new allocation was also surprising to us because they will increase more foreign assets compare to we thought." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

US: Reuters/Michigan Consumer Sentiment Index rises to 86.9 in October FXStreet (Łódź) - The US Reuters/Michigan Consumer Sentiment Index grew to 86.9 in October, from 84.6 recorded the previous month, according to data released by the Reuters/University of Michigan. Analysts expected an increase only to 86.4. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

Oil price rally falls on Thursday on USD rise FXStreet (Łódź) - Independent Analyst Malcolm Graham-Wood notes that yesterday's rise in the greenback on positive US GDP data and Fed members' comments pushed oil price further down. Key quotes "With the price of Brent being about the same as the beginning of the week traders have reported that the market has felt a little better this week but…" "Early estimates of October Opec production are coming in and if they are to be believed it was another big month." "I have so far had a number of 30.9m b/d which would be a 14 month high and up on September’s figure." "With Saudi output down slightly it means that everyone else is doing what comes naturally to them, ie belting out as much as possible before the Opec meeting." "And the European Union, with much to play for have secured a deal for Russian gas through Ukraine for the winter, sanctions aren’t that important really…" OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

US equity indices rise above closing highs FXStreet (Mumbai) - The US Equity indices hit record high levels as an unexpected expansion of stimulus program from the Bank of Japan spurred a “risk-on” buying the financial markets across the globe. The Standard & Poor’s 500 Index advanced 0.85% to 2011.60, topping its all-time high from Sept. 18. The DJIA advanced 0.84% to 17,340 levels. Surpassing a record high hit on Sept. 19. Moreover, the latest rally begun after Fed Bank of St. Louis President James Bullard said on Oct. 16 that policy makers should consider delaying the end of quantitative easing. The rally was extended further on better-than-expected earnings and optimism about the US economy. The DJIA index breadth is positive with an advance decline ratio of 27:3. Among the top gainers are shares of Intel, Visa, Merck&Co, Walt Disney. On the other hand, The shares of Chevron, IBM and McDonald’s are trading in the red. DJIA Technical levels The index is trading near an immediate resistance located at 17,350 levels, above which the prices may re-test 17,374 levels (daily high). On the flip side, support is seen at 17,223 and 17,145 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

No change expected from BoE at its November MPC meeting - RBS FXStreet (Łódź) - Ross Walker, Senior UK Economist suggests that the upcoming BoE monetary policy meeting will be uneventful, with no changes expected and no statement to be released. Key quotes "It is not so long ago that November’s MPC meeting was being eyed as the most likely point for the first Bank Rate rise (a 25bp hike was fully priced as recently as mid-June, while the market was evenly split between November 2014 and February 2015 in mid-August)." "Evidence of weaker global demand and more broad-based (if still mild) domestic disinflationary pressures mean that the prospects of any policy change or statement on November 6thare fairly remote." "We expect the BoE Inflation Reporton 12thNovember to broadly validate current market pricing for the first Bank Rate hike to come around August 2015." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

Natural Gas rises on weather reports FXStreet (Mumbai) - The Natural gas prices have inched higher despite a bearish weekly storage report released yesterday as the updated weather forecast models indicate the chilly weather in the days ahead. Natural Gas for December delivery is trading 1.57% higher at USD 3.887/mmbtu. The prices gained strength after the updated weather forecast models predicted cold Canadian air to make its way south in the lower 48 states in the coming days. "I think people are a little leery of selling it down further when you've got your first real cold front coming in," said Kyle Cooper, managing partner of research consultancy IAF Advisors in Houston. Moreover, the heating season from November through March is the peak demand period for US gas consumption. Natural Gas Technical levels Natural Gas has an immediate support at 3.874, under which the prices can fall to 3.83 levels. On the flip side, the prices can rise to 4.00, if the immediate resistance located at 3.955 is breached. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

GBP/USD slumps to 1.5950 FXStreet (Edinburgh) - The sterling is now suffering the USD strength, with GBP/USD testing multi-day lows in the mid-1.5900s, levels last seen in mid-October. GBP/USD next support at 1.5900 The greenback is extending its upbeat momentum following the hawkish tone from the FOMC meeting on Wednesday, hurting the risk-associated assets and sending spot on a possible way to test ytd lows around 1.5900 the figure. “Below 1.5950 leaves the 1.5874 mid October low exposed. We continue to target the 1.5855 November 2013 low. Beyond this we look for losses to 1.5721 the 61.8% retracement of the move from 2013”, argued Karen Jones, Head of FICC Technical Analysis at Commerzbank. GBP/USD levels to consider At the moment the pair is losing 0.23% at 1.5964 with the immediate support at 1.5940 (low Oct.16) ahead of 1.5875 (2014 low Oct.15). On the flip side, a breakout of 1.6038 (high Oct.30) would expose 1.6066 (21-d MA) and finally 1.6182 (high Oct.28). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

Wall Street to open higher FXStreet (Mumbai) - The US Equity markets are likely to open higher today after Bank of Japan announced a surprise expansion of its monetary stimulus earlier today, which triggered a “risk-on”rally in the stock markets across the globe. The DJIA December futures are trading 1.12% higher at 17,304 levels, while the S&P 500 December futures are trading 1.26% at 2013.65 levels. Meanwhile, the Midcap Russell 2000 December futures are trading higher 1.88% at 1174.80 levels. Moreover, the “risk-on rally” is likely to push down the implied volatility levels in the market. Thus, S&P 500 VIX November futures are trading lower by 3.72% at 15.53 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

US: Personal Income (Sep) rose 0.2% FXStreet (Edinburgh) - The US Commerce Department informed that US Personal income rose at a monthly pace of 0.2% during September, missing estimates while Personal Spending dropped 0.2%. Further data showed US inflation, measured by the Personal Consumption Expenditures, rose 1.4% over the last twelve months and 0.1% inter-month. Core PCE, which strips food and energy costs, rose 1.5% YoY and 0.1% MoM. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

Gold extends fall, ignores the Swiss vote FXStreet (Mumbai) - Gold has slipped to four year low today along with a slide in the holdings in the exchange traded funds backed by Gold. The metal has weakened as markets continue to ignore the Swiss vote. The Gold prices are trading at USD 1163/Oz levels, down 3% for the day, The weakness has been extended ahead of the US opening, as markets expect a strong performance of the US equities. Moreover, the Gold prices continue to slide as the swiss population goes for a vote on the “save out swiss gold initiative”, a proposal which, if passed, would require the Swiss National Bank (SNB) to hold hold a fifth of its nearly $550 billion assets in Gold. The poll will held on Nov 30th. Moreover, a yes vote would require the SNB to buy 1500 tons of gold over a period of five years. Furthermore, the bank would be banned from selling Gold in future, which makes the purchases permanent. However, the markets are currently ignoring the Swiss vote, as Gold continues to fall on a strong US Dollar. Gold Technical levels Gold has an immediate support at 1158 levels, while the immediate resistance is located at 1183 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

EMU: Annual CPI ticks up to 0.4% in October FXStreet (Łódź) - According to preliminary data released today by Eurostat, Eurozone annual climbed to 0.4% in October from 0.3% in September, as expected. Year-over-year CPI-Core slid to 0.7% in October from 0.8% in September, against forecasts of remaining unchanged. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31, 2014 OctaFX.Com News Updates

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USD/JPY wobbling around 109.00 FXStreet (Edinburgh) - USD/JPY is sidelining around the 109.00 handle on Thursday, keeping the trade between 108.80 and 109.40 so far. USD/JPY looks to Japanese CPI Spot remained practically indifferent to the improvement of the US GDP during Q3, expanding above forecasts 3.5% on a yearly basis. Instead, market participants are now focusing on the critical inflation figures in Japan, due tonight. Consensus expect the key National CPI Ex-Fresh Food to rise at an annual pace of 3.0% in September, a tad lower than August’s 3.1% advance. Robert Rennie, Strategist at Westpac, suggested, “We… hold a buy bias for another week but remain unconvinced that USD/JPY will drop much below 107”. USD/JPY levels to watch As of writing the pair is up 0.10% at 109.00 facing the next resistance at 109.85 (high Oct.6) ahead of 109.91 (high Oct.3) and finally 110.09 (2014 high Oct.1). On the flip side, a breakdown of 108,75 (low Oct.30) would aim for 107.94 (low Oct.29) and then 107.71 (Tenkan Sen). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30, 2014 OctaFX.Com News Updates

Fed's Yellen calls for more diversity in economics FXStreet (Łódź) - Fed Chair Janet Yellen, who spoke on Thursday at the National Summit on Diversity in the Economics Profession in Washington didn't make comments on monetary policy in her opening remarks. Yellen suggested that a greater number of women in economics could contribute to the profession with different views and approaches and that the Fed has been promoting this stance for some time now. “Often, in the things economists study and the methods we use, diversity is a good thing,” Yellen said. “I believe decisions by the Federal Reserve Board and the Federal Open Market Committee are better because of the range of views and perspectives brought to the table by my fellow policymakers, and I have encouraged this approach to decision making at all levels and throughout the Fed system.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30, 2014 OctaFX.Com News Updates

US Equities to open on a weak note FXStreet (Mumbai) - The equity markets in the US are likely to open on a weak note taking cues from the weakness in the European equity markets. The US Equity futures have been trading in the red since the start of the European session today. The DJIA December futures are trading 0.10% lower at 16,909 , while the S&P December futures are trading 0.16% lower at 1969.15. Meanwhile, the Midcap Russell 2000 index December futures are trading 0.21% lower at 1139.30 levels. Elsewhere, the Dax is trading 0.88% lower at 9000 levels, while the Ftse is trading 0.56% lower at 6418 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30, 2014 OctaFX.Com News Updates

German Ten-year yield at day’s low on weak German CPI FXStreet (Mumbai) - The German ten-year is trading at a day’s low after the official data showed a slowdown in the price pressures in October. The ten-year yield is trading at 0.845%, down from the day’s high of 0.903%. The yields have been falling since the early morning trade tracking weakness in the equity markets. The CPI in October rose 0.7% year-on-year, compared to the market expectation of 0.9%. Moreover, the markets were expecting an increase in the price pressures. However, given the slump in the energy prices, it was unlikely that the CPI would rise more than expected. Month-on–month the prices fell 0.3%, compared to the expectation of 0.1% fall. Ten-year yield Technical levels The yield has an immediate support at 0.824%, under which it can fall to 0.811%. On the other hand, a strong resistance is seen at 0.9%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30, 2014 OctaFX.Com News Updates