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BoE's Carney: Time for raising rates is getting closer, but no preset course FXStreet (Łódź) - Speaking at the Institute and Faculty of Actuaries General Insurance Conference in Wales, BoE governor Mark Carney signals that the time of the first interest rate hike is getting closer. • The economy is normalising. • There is no pre-set course for interest rate hikes, they are data dependent. • Once the rises start they will be limited and carried out in a gradual manner. • The BoE is conscious of risks stemming from a prolonged period of low rates. • Housing market is posing the biggest risks. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

EUR/USD immune to US data FXStreet (Córdoba) - EUR/USD barely moved and continues to trade near the 1.2700 level following the latest string of US data which came mainly in line with expectations. US durable goods orders fell 18.2% in August versus an expected drop of 18% and following a 22.6% rise in July. Excluding transportation, orders rose 0.7% as expected. Meanwhile, initial jobless claims rose to 293K in the latest week versus 300K of consensus and following 280K registered the previous week. With data close to forecast, EUR/USD showed virtually no reaction and continues to hover around 1.2720, down 0.46%, having recovered from a fresh cycle low of 1.2696 scored earlier on the day. EUR/USD technical outlook “Current slide from 1.2864 high broke through 1.2820 lows and the general downtrend has been renewed, targeting 1.2630, en route to 1.2440”, said Stoyan Mihaylov, analyst at Deltastock.com. “Initial intraday resistance is seen at 1.2760, followed by the major hurdle at 1.2820 and crucial on the upside is 1.2900 zone”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

US: Durable Good Orders (Aug) dropped 18.2% FXStreet (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods have decreased 18.2% MoM during August vs. forecasts for a 18% decline and July’s 22.5% gain (revised). Excluding the Transportation sector, orders rose 0.7%, matching estimates and reverting the previous 0.7% drop. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

USD/CHF hits fresh 14-month high above 0.9500 FXStreet (Córdoba) - USD/CHF extended gains and printed a fresh 14-month high Thursday as the greenback continues to strengthen across the board amid diverging rate outlooks between the Federal Reserve and other major central banks. While the Fed is expected to start its rate hiking cycle in 2015, speculations have been growing the Swiss National Bank could even set negative interest rates. USD/CHF rose for a second day in a row and broke above 0.9500 to hit its highest level since July 2013 at 0.9514 before easing back below 0.9500. At time of writing, the pair is trading at 0.9495, recording a 0.43% gain on the day. USD/CHF levels to watch In terms of technical level, immediate resistances are seen at 0.9514 (Sept 25 high), 0.9533 (Jul 15 2013 high) and 0.9600 (psychological level). On the other hand, supports could be found at 0.9452 (intraday low), 0.9390 (Sept 24 low) and 0.9354 (Sept 23 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

NZD/USD remains bearish – Westpac FXStreet (Edinburgh) - Analyst Imre Speizer at Westpac keeps the bearish outlook on the NZD/USD, now targeting 0.7915. Key Quotes “We have reached our year-end target of 0.8000 much earlier than expected but remain bearish”. “Channel support dating from November 2011 is currently at 0.7915, this being our next downside target”. “Should that break down, then the implications are dire”. “However, we’ll refrain from overly pessimistic forecasts for now, given how stretched the US dollar rally is”. “The dovish shift by the RBNZ has been fully priced into rates markets, so it’s hard to see carry dropping too much further”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

GBP/USD key support at 1.6275 - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik comments that GBP/USD's key support is now at 1.6275, representing the 38.2% Fibonacci retracement level. Key quotes "As commented several times on these daily updates, the weakness Pound may see on dollar strength will be far less important than EUR or JPY one as the BOE is also expected to rise rates sooner than later." "Technically, the 4 hours chart presents a mild bearish tone, with price below its 20 SMA and indicators heading lower into negative territory." "Having held for most of these last two weeks above the mentioned Fibonacci level, a clear break below it is required to confirm a new leg down, eyeing then an approach to 1.6220 price zone, where the pair presents multiple intraday highs and lows." "To the upside, the key resistance stands at 1.6340/50 price zone and approaches to the area may be seen as selling opportunities." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

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GB/USD declines as dollar picks up some pace FXStreet (London) - GBP/USD has declined through the session as the dollar gains some momentum after earlier consolidation from the dollar. USD struggling for momentum USD has been range-bound in recent trading. We heard some hawkish comments from Kansas Fed Esther George yesterday, but as a non-voting FOMC member, her comments failed to create many waves. Instead more attention is likely to be paid to Chicago Fed chairman Charles Evans and new Cleveland Fed President Loretta Mester when they speak today. GBP/USD is currently trading at USD1.6360, declining 0.2 percent on the session after earlier gains to USD1.6415. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

US new home sales expected to rise 5.6% in August - TD Securities FXStreet (Łódź) - Paul Fage, Senior Emerging Markets Strategist at TD Securities remarks that market attention will be focused on the US new home sales data today, following the disappointing existing home sales numbers. Key quotes "We look for new home sales to rise 5.6% to 435K in August." "The rise would offset some of the weakness seen in the prior month." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

GBP/USD needs to break above 1.6415 for further upside – OCBC Bank FXStreet (Edinburgh) - According to Emmanuel Ng, FX Strategist at OCBC Bank, the sterling needs to convincingly surpass 1.6415 in order to facilitate the way towards the upper-1.6900s. Key Quotes “Cable meanwhile may remain somewhat detached while attempting to establish a foothold within the 1.6300-1.6400 zone with GBP outperformance also manifesting via the EUR-GBP since the Scottish referendum”. “In the near term, any ability to pierce and hold above 1.6415 may pave the way to 1.6487”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

USD/JPY remains in range while tries to go beyond 108.80 FXStreet (San Francisco) - With a few exceptions, the USD/JPY has been trading in a 108.50/109.00 range since September 17 and today's trading the pair tested the lower side at 108.50 but it was contained and now it is attempting to recover prices above 108.75. Currently, USD/JPY is trading at 108.75, down 0.13% on the day, having posted a daily high at 108.93 and low at 108.46. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish. USD/JPY sentiment Earlier in the day, the USD/JPY was trading down amid recent Abe’s comments on impact of weak yen for the regional economies. However the range contained the pair. According to Matt Bacon-Hall, the pair "needs a break of 108.45 or 108.80 to get things moving in the short term." If the pair breaks above 108.80, it will face next resistances at 109.00 and 10920. On the downside, supports are at 108.50, 108.25 and 108.10. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

USD/CAD flat-lining below 1.1100 FXStreet (Edinburgh) - The greenback keeps the trade within a very narrow range vs. the Canadian dollar in the equator of the week, relegating the USD/CAD to the 1.1060-80 range. USD/CAD eyes on 1.1100 The pair is extending the weekly recovery from Monday lows around 1.0930 to current levels in the 1.1070/80 band, although the 1.1100 barrier still remains elusive for USD bulls. Ahead in the day, US New Home Sales (430K exp. in August) and some Fedspeak could spark some volatility in the pair. In the view of Shaun Osborne, Chief FX Strategist at TD Securities, “On the charts, a close above 1.1060 yesterday constitutes a positive signal and opens a retest on the low 1.11s, but we believe funds will move to the tune of the broader USD trends on the day, which suggest the pair will trade the 1.1030/1.1100 range”. USD/CAD key levels At the moment the pair is flat at 1.1078 with the next hurdle at 1.1084 (high Sep.23) ahead of 1.1100 (high Sep.15) and finally 1.1106 (high Mar.27). On the downside, a break below 1.0994 (Tenkan Sen) would open the door to 1.0986 (low Sep.23) and then 1.0955 (Kijun Sen). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

USD/JPY attempting a consolidation phase? – UOB FXStreet (Edinburgh) - Market Strategist Que Ser Leang at UOB Group, sees the possibility of the pair to commence a consolidation pattern. Key Quotes “While we anticipated the short-term USD weakness, the down-move exceeded our 108.45/50 target with a low of 108.26”. “The subsequent rebound is likely part of a consolidation phase and not the start of the next bullish up-leg. Expect sideway trading today, likely between 108.30 and 109.00”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

GBP/USD remains around 1.6400 - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the GBP has been steady, trading between Fibonacci levels recently, due to a lack of market-moving UK economic data. Key quotes "The GBP/USD however, remains around 1.6400, a few pips below the 61.8% retracement of this month fall, at 1.6415, level that tested already several times this week." "The 4 hours chart shows an ascendant trend line coming from 1.6051 containing the downside today around 1.6350." "Indicators in the same time frame tuned lower still in positive territory, while price develops above its 20 SMA that anyway presents a bearish slope, showing there’s not enough upward strength in the pair at the time being." "A strong acceleration above 1.6415 is required then to confirm a bullish move, eyeing 1.6460 in the short term, while dips down to 1.6350 will likely be seen as buying opportunities." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

AUD/USD could slip towards 0.8820/00 – OCBC Ban FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the likeliness of the AUD to decline to the 0.8822/00 area vs. the greenback. Key Quotes “With investors still preoccupied with China/global growth concerns, the pair may remain under the weather in the current USD/risk appetite environment and the next visible support is expected towards 0.8820 and then 0.8800 if 0.8900 is not re-taken. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

EUR/USD remains subdued near 1.2850 FXStreet (Edinburgh) - EUR/USD is keeping the narrow range in the boundaries of the 1.2850 area on Wednesday, leaving behind the mixed results from the German IFO. EUR/USD down from 1.2900 The correction lower from yesterday’s tops around 1.2900 the figure seems to have found decent support in the 1.2840 neighbourhood today, although the IFO results for the month of September could limit intraday gains. “The target indicated at 1.2880 yesterday was exceeded with a high of 1.2900. While the subsequent drop is expected to extend lower for today, any down-move is not expected to move below the recent low near 1.2816. On the upside, 1.2900 is acting as a very strong resistance now”. EUR/USD key levels The pair is now up just 0.01% at 1.2849 with the next resistance at 1.2901 (high Sep.23) ahead of 1.2929 (high Sep.19) and then 1.2931 (high Sep.18). On the downside, a break below 1.2843 (low Sep.23) would open the door to 1.2816 (low Sep.22) and finally 1.2800 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24, 2014 OctaFX.Com News Updates

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ECB's Draghi: Ready to implement additional measures if necessary FXStreet (Łódź) - The ECB president assures that the Governing Council is ready to use additional unconventional monetary tools to support the European economy, should the need arise. • He points out however that ECB policy must be complemented by Member States' structural reforms to be effective. • "The exchange rate is not a policy target but an appreciable increase poses a risk to the euro area recovery." • Combination of new measures will have sizeable impact on the ECB balance sheet. • Purchase programs are a transition from more passive provision of central bank credit to more active management of ECB's balance sheet. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 22, 2014 OctaFX.Com News Updates

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Colombia Trade Balance fell from previous $347M to $-799.4M in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 20, 2014 OctaFX.Com News Updates

What now? - Societe Generale FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale noted that the Scots have voted to remain in the United Kingdom, removing a major threat for the UK economy and sterling and looks ahead to what’s next? Key Quotes: " FX markets can re-focus on monetary policy divergence and as the Federal Reserve marches towards the exit from QE and ZIRP, the dollar will rally " "For now, the response in equity, credit and emerging markets is far more sanguine than during 2013's ‘Taper Tantrum' but USD will make gains across G10 FX. GBP/USD is a strategic sell, USD/JPY is targeting 110.50 next." "EUR/USD positioning is still heavily short but a disappointing TLTRO take up maintains pressure on the ECB to ‘do more' (even if all they can really do is engineer a weaker currency). NZD is vulnerable to election news this weekend remains a short vs USD along with AUD. And after last weekend's Swedish elections, we remain bullish of USD/SEK and NOK/SEK." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 20, 2014 OctaFX.Com News Updates

US affirmed at AAA by Fitch; 'Fed to hike rates in mid-2015' FXStreet (San Francisco) - Fitch rating affirmed the United States sovereign rating at AAA with stable outlook according to a press release published by the agency. Fitch highlights the financial flexibility and the capability of US in tolerating higher levels of public debt. In addition, Fitch points out about the standards of living in the US that are above the AAA countries median. Fitch also forecasts "the federal government budget deficit to decline to 2.9% of GDP in FY14, from 4.1% of GDP in FY13 and 9.8% in FY09." However, the agency reminds that "on current policies it will start rising again from FY16, reaching 3.8% in 2022, driven by the impact of population ageing on social security and health spending, and higher net interest costs." Fitch expects that the Fed will "start raising interest rates in mid-2015." Other quotes: We forecast federal government debt held by the public at 73.5% at end-2014 and to rise to 75% in 2024. Fitch forecasts gross general government debt (GGGD) to peak at 100% at end-2014 (excluding trade payables and unfunded pension liabilities, consistent with EU countries). We then project it to decline slightly to 98% in 2018, before starting to trend up again, reaching 104% by 2024. The US recovery is outpacing that in most advanced countries, albeit sluggish by its own historical standards. Fitch forecasts GDP growth of 2% in 2014, picking up to 3.1% in 2015 and 3% in 2016. We expect the Federal Reserve to start raising interest rates in mid-2015, after completing 'tapering' of its asset purchase programme in October 2014. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 20, 2014 OctaFX.Com News Updates

Technical snap shots on majors and crosses - TDS FXStreet (Guatemala) - Analysts at TD Securities gave us a snap shot of the technicals across a number of majors and crosses at the close of this week's session. "EUR/USD retains a weak undertone but looks oversold short-term; only gains through 1.2930/35 would signal any scope for near-term strength". "USD/JPY backs away from 109+ levels and the daily chart looks toppish short-term; expect losses to remain limited for now, however". "EUR/GBP's break below the recent range base stalls and reverses today; the broader trend is lower, however, and we favour fading short-term GBP losses". "EUR/PLN weakness should extend below 4.1725". "AUD/NZD will continue to reflect AUD under-performance; look for a drop back to 1.07/1.08". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 20, 2014 OctaFX.Com News Updates

Draghi could comment on TLTRO on Monday - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points to ECB head Mario Draghi's testimony before the European Parliament's Economic and Monetary Committee on Monday as one of the most important events next week. Key quotes "We could have a quite entertaining day for a change: he will likely comment on the TLTRO results, probably with an optimistic stance which may give the EUR/USD some intraday support, a chance to add to shorts." "A dovish stance will pressure the common currency, which means he can do little to fight the dominant trend." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 19, 2014 OctaFX.Com News Updates