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Session Recap: USD backs away from multi-month highs FXStreet (Córdoba) - With no clear drivers during the European session, the USD weakened somewhat and pulled back from multi-month highs versus the euro and the yen, while commodity currencies continued to outperform. The EUR/USD rebounded from a fresh almost 1-year low of 1.3152 and reached the 1.3180 zone, while the GBP/USD also recovered but stays below 1.6600. The USD/JPY consolidates just below the 104.00 mark. As for commodity currencies, the USD/CAD has dropped more than a full cent after being rejected by the 1.1000 area the previous day. The NZD/USD recovered from a 6-month low and climbed to a high of 0.8378 while the AUD/USD remains firm near 0.9350, with buyers appearing in every dip to 0.9300. "Despite the minor dollar setback today, the uptrend remains intact", says the BBH analyst team. "There still is a strong bias toward buying dollar dips". European stocks were little changed after a sharp 2-day rally and following a record close above 2000 in the S&P 500 yesterday. There is no first-tier data scheduled for the Eurozone or the US until tomorrow. Main Headlines in Europe: Germany Gfk Consumer Confidence Survey came in at 8.6 below forecasts (9) in September EUR/USD on its way to 1.3000? – Commerzbank Italy Consumer Confidence below forecasts (104) in August: Actual (101.9) European stocks little changed after steep gains Month-end flows behind USD sales IMF’s Lagarde under formal investigation for negligence in French political fraud case Risk-on sentiment pushes higher – Danske Bank OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2014 OctaFX.Com News Updates

EUR/GBP doors open for 0.7935 – Commerzbank FXStreet (Edinburgh) - The recent price action in the cross would allow a test of the 0.7935 level, suggested Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/GBP still slides along the 55 day moving average at .7962, having fallen through the and the two month uptrend line at .7975”. “Failure at yesterday’s .7953 low will push the .7935 August 13 low to the fore”. “We still expect EUR/GBP to remain below the .8033/36 resistance zone, made up of the late June and current August highs”. “A break above the .8033/36 area would introduce scope to challenge the .8074/82 38.2% Fibonacci retracement of the March-to-July decline and May low”. “Such a rally should fail ahead of the .8136/59 50% retracement, February low and late May high at the very latest”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2014 OctaFX.Com News Updates

EUR/USD retreats from highs FXStreet (Edinburgh) - The bullish attempt in the single currency is now taking a breather, with the EUR/USD easing to the 1.3180 area after hitting highs near 1.3190. EUR/USD firmer on risk sentiment The risk aversion seems to be stepping back on Wednesday, allowing the current rebound from overnight lows around 1.3150. There are no data releases in the euro area and in the US today, leaving spot to the mercy of the risk appetite trends. “EURUSD’s weak performance last week confirms the bearish outlook for the single currency in the near-to-medium term. Having broke consolidation support at 1.3335 (bear wedge on the daily chart, above), we expect EURUSD to stage a repeat of the 1.3697/1.3335 move down from the breakdown point (targets a fall to the high 1.29s)”, observed Shaun Osborne, Chief FX Strategist at TD Securities. EUR/USD levels to watch At the moment the pair is up 0.11% at 1.3182 with the next hurdle at 1.3221 (high Aug.25) ahead of 1.3297 (high Aug.22) and then 1.3324 (high Aug.20). On the flip side, a breakdown of 1.3105 (low Sep.6 2013) would aim for 1.3089 (low Jul.19) and finally 1.3051 (low Jul.16 2013). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2014 OctaFX.Com News Updates

EUR/CHF remains below 1.2100 – Commerzbank FXStreet (Edinburgh) - The cross keeps the trade below the 1.2100 handle, leaving the door open for further pullbacks, suggested Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/CHF trades in multi-year lows and has so far dropped to an August low at 1.2072, a slip through which will have the late December 2012 low at 1.2064 in its sights”. “Below it lies the November 2012 low at 1.2030 which is expected to hold”. “If not, the major psychological 1.2000 mark could be revisited”. “Minor resistance comes in around the previous August low at 1.2087. Further resistance can be found at 1.2122/33. It is where the mid-March and July lows were made”. “While trading below there, immediate downside pressure will exist”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2014 OctaFX.Com News Updates

USD/JPY points to 105.40 medium term – Danske Bank FXStreet (Edinburgh) - Lars Christensen, Chief Analyst at Danske Bank, sees the pair heading towards 105.40 in the medium term. Key Quotes “In the major FX-crosses, the DXY index is pausing after the strong rally last week”. “The EUR will continue to underperform given expectations of ECB easing and the risk that TLTRO will ‘crowd out’ foreign buying of periphery bonds”. “We see the JPY and CHF as vulnerable on likely future monetary easing”. “Technically, USD-JPY may consolidate after the failure to break through important trend-line resistance. Medium-term charts point to 105.40 and 110.10, in line with our fundamental view”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 27, 2014 OctaFX.Com News Updates

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United States Consumer Confidence registered at 92.4 above expectations (89) in August Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2014 OctaFX.Com News Updates

USD/CAD indifferent after US docket FXStreet (Edinburgh) - The USD remains in the negative camp following the release of the US Durable Goods Orders, with the USD/CAD hovering over 1.0965/60. USD/CAD softer-to-consolidative Spot is now extending the range-bound pattern around the 1.0960/70 band, after US headline Durable Goods Orders jump 22.6% during the month of July, crushing previous estimates; excluding the Transportation sector, orders contracting at a monthly pace of 0.8%. “We have seen a push higher towards the 1.1000 area in Asia but for now the level has held and has failed to break. There is still talk of barrier defence up there, so a clean break through there should induce further Usd buying. To the downside we would expect to see good support on any pull back towards yesterday’s lows ie around 1.0940/1.0950”, noted Stephen Gallo, European Head, FX Strategy at BMO. USD/CAD levels to watch At the moment the pair is losing 0.23% at 1.0960 with the next support at 1.0927 (21-d MA) ahead of 1.0899 (high Aug.18) and finally 1.0883 (200-d MA). On the upside, a breakout of 1.0998 (high Aug.26) would open the door to 1.1007 (high May 2) and then 1.1026 (61.8% of 1.1279-1.0616). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2014 OctaFX.Com News Updates

USD/JPY tests 104.00 but rejected again FXStreet (San Francisco) - The US dollar jumped to test the 104.00 level against the Japanese Yen but the pair got a new rejection and now it is trading back to 103.85. Pair was affected by US durable goods orders that rose 22.6% in July; However the data was distorted by large orders in airplanes. Ex-transportation fell 0.8%. Currently, USD/JPY is trading at 103.92, down 0.13% on the day, having posted a daily high at 104.13 and low at 103.75. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish. USD/JPY levels There are option expiries at New York's cut around 103.00 ($430 mln) and 103.25 ($200 mln). If the pair managers to break above 104.00, next resistances are at 104.10, 104.25 and 104.45. On the downside, supports are at 103.75, 103.50 and 103.40. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2014 OctaFX.Com News Updates

USD/CAD consolidates near 1.0970 FXStreet (Edinburgh) -The greenback is range-bounding vs. the Canadian dollar on Tuesday, with the USD/CAD meandering in a narrow range between 1.0960 and 1.0975 so far. USD/CAD focus on US docket Spot is probing the lower band of the intraday range around 1.0960, as the risk-on trade seems to be creeping back to the markets in the first half of the week. Ahead in the day, US Durable Goods Orders, Consumer Confidence and house prices gauged by the S&P/Case-Shiller index will take centre stage. “Corporate sellers ahead of the 1.10 and option expiries mid week at 1.10 (reportedly) may be restraining the topside for USDCAD and funds is getting off to a sluggish start here after the test of 1.10 overnight. But there is still keen interest to buy USDCAD from the real money sector and we look for limited weakness near term – solid support should emerge on dips to the low/mid 1.09s. We target a move to the low 1.11s near-term”, observed Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD levels to watch At the moment the pair is losing 0.19% at 1.0963 with the next support at 1.0927 (21-d MA) ahead of 1.0899 (high Aug.18) and finally 1.0883 (200-d MA). On the upside, a breakout of 1.0998 (high Aug.26) would open the door to 1.1007 (high May 2) and then 1.1026 (61.8% of 1.1279-1.0616). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2014 OctaFX.Com News Updates

Gold recovers from 2-month low FXStreet (Córdoba) - The yellow metal recovered some ground Tuesday and climbed back to the $1,290/oz area as the greenback eases across the board following a sharp rally inspired by not-so-dovish Yellen remarks in Jackson Hole. Gold prices edged higher but remained near 2-month lows as a firm dollar and better risk appetite continue to weigh on the metal. Gold for December delivery was up $9.10 or 0.70% at $1,288 an ounce, having hit a daily high of $1,292 in recent dealings. Prices hit a 2-month low near $1,273 on Aug 21 amid speculation of an eventual US rate hike. As for silver, the gray metal also edged higher, hitting a daily peak of $19.55 before easing slightly. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2014 OctaFX.Com News Updates

European stocks slow down after sharp gains FXStreet (Córdoba) - European stocks were mixed Tuesday after a steep rally the previous day that were propelled by prospects of further stimulus measures from the European Central Bank. The Stoxx Europe 600 was flat at 340.48 in early trade. The index rallied 1.1% yesterday as investors price in further monetary stimulus by the ECB. As for country-specific indexes the UK FTSE rose 0.37%. The Germany’s DAX 30 dropped 0.39% and the France’s CAC 40 shed 0.08%. Spain’s Ibex 35 added 0.12% while Italy’s FTSE MIB dropped 0.31%. In the macroeconomic domain, there is no data scheduled for the Eurozone and focus will be on the US, where durable goods orders and consumer confidence are due. In the currencies market, the US is taking a breather near multi-month highs, after not-so-dovish Yellen speech in Jackson Hole triggered a rally across the board. As for commodities, gold gained 0.89% to $1,290 an ounce while crude oil advanced 0.10% to $93.44 a barrel. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2014 OctaFX.Com News Updates

USD/JPY settles below 104.00 FXStreet (Córdoba) - The USD/JPY surrendered the 104.00 level and settled in a slim range just below where it has spent the last hours. The USD/JPY failed to sustain gains above 104.00 and retreated to a low of 103.74 before the pullback was contained and was confined to a phase of consolidation. At time of writing, the pair is trading at 103.88, 0.15% below its opening price. Today focus will be on US data releases, with the durable goods orders and consumer confidence on tap. USD/JPY levels to watch As for technical levels, the USD/JPY could find immediate supports at 103.88 (Aug 26 low), 103.50 (Aug 22 low) and 103.08 (Jul 30 high). On the other hand, resistances are seen at 104.11 (Aug 26 high), 104.27 (Aug 25 high) and 104.84 (Jan 23 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 26, 2014 OctaFX.Com News Updates

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OctaFX.com- Four OctaFX Champions celebrate the victory! Round 29 of OctaFX Champion Demo contest ended and it’s time to draw up the results! 1764 traders took part in the contest and performing 60 000 trades during 4 weeks lined up in our round standings! Welcome new traders in OctaFX Hall of Fame: 1st place with the award of 500 USD goes to Mr. Yuri Ohrimenko from Ukraine 2nd place with the award of 300 USD goes to Mrs. Svetlana Goroshevskaya from Ukraine 3rd place with the award of 100 USD goes to Mr. Syamsul Hadi Fitri Amd from Indonesia The last runner in the contest, Mrs. Mehwish Raheel from Pakistan, is granted 100 USD OctaFX team thanks everyone for participation. We are glad that you support our vision of competition; the contest is designed for you to estimate your abilities, gain experience and have fun competing on demo accounts! Check Company News page to draw some inspiration from winners’ interviews and unveil the secret of OctaFX Champions! We would like to remind you that you have one week to register in the special Round of OctaFX Champion Demo contest! Round 30 will surprise you with boosted prize fund! OctaFX presents you an opportunity to win $3000! Don’t hesitate to join more than 2700 contestants! Win 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!

GBP/USD capped by 1.6600 FXStreet (Edinburgh) - After dipping to multi-month lows in the area of 1.6540, the GBP/USD managed to climb back to the boundaries of 1.6600 the figure on Monday. GBP/USD surrenders early gains The initial GBP strength seems to have found selling interest in the vicinity of 1.6600 the figure, with spot being rejected to the 1.6580/75 band. There are no scheduled events in the UK economy today, leaving the US docket as the main catalyst for the pair’s price action. “While the undertone for GBP remains weak, the downward momentum is not strong and any further down-move is expected to struggle near 1.6500. However, only a break back above 1.6585 would indicate that a temporary low is in place”, suggested Quek Ser Leang, Market Strategist at UOB Group. GBP/USD levels to watch At the moment the pair is up 0.06% at 1.6580 with the next resistance at 1.6602 (high Aug.21) ahead of 1.6654 (10-d MA) and finally 1.6680 (high Aug.20). On the flip side, a breakdown of 1.6501 (low Aug.25) would target 1.6460 (low Mar.24) and then 1.6425 (low Feb.12). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

USD/CHF in multi-month peaks – Commerzbank FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, suggests the pair could climb to the 55-month MA round 0.9360. Key Quotes “USD/CHF is trading at levels last seen in November 2013 and now probes the 200 week moving average at .9157 and has the 55 month moving average at .9351 in its sights”. “This held the topside in 2012 and 2013 and is expected to do so again, at least for several days”. “Above here, at .9392, lies the 29 year downtrend. Only unexpected failure at the current August low at .9020 would allow for losses back to the three month uptrend line and the 55 day moving average at .9013/.9004 to occur”. “While this holds the bull trend remains entrenched”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

USD longs keep building up - ANZ FXStreet (Barcelona) - ANZ Strategists, Khoon Goh and HuiYing Chan, assessed last spec positioning report. Key Quotes "Leveraged funds’ net long USD positioning increased, rising from USD16.1bn to USD19.6bn. Notably, this is the fifth consecutive week of increases. The increase this week was primarily against EUR and GBP." "Net short positioning in EUR was increased by USD2.2bn (13.4k contracts), likely as a result of lower-than-expected Q2 growth in the Eurozone. Total net short positions now stand at USD20.0bn. With 10 year German bond yields now below 1.0%, EURUSD could likely stay depressed for a short while." "Net long positions in GBP continued to be reduced for the eighth consecutive week, falling by USD1.3bn (11.8k contracts) with the release of Carney’s dovish comments at the Quarterly Inflation Report’s press conference on 13 August compared to his comments at the Mansion house. While Bank of England August Monetary Policy Committee meeting minutes on 21 August revealed that 2 out of 9 members voted for an increase in the base rate by 25bps, GBP/USD rallied only temporarily before falling further. Price action in this pair indicates that the reduction in net long positioning in GBP might continue even after 8 weeks of declines." "Net short Positioning in the JPY was increased by 5.0k contracts worth USD0.6bn to 71.9k contracts for an overall short position of USD8.7bn." "Net long positioning in the AUD increased by 7.6k contracts (USD0.7bn) as low volatility encouraged carry-seeking positions in AUDUSD." "The net long non-commercial position in gold fell by 13.1k contracts to 152.8k. Net long positioning in WTI crude oil fell by 2.8k contracts to 325.5k. This is the eighth consecutive weekly decline in oil positioning since reaching record highs in late June." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

NZD/USD potential decline to 0.8300 – Westpac FXStreet (Edinburgh) - The research team at Westpac Global Strategy Group expects the downside pressure to drag the pair lower to the 0.8300 region. Key Quotes “The decline in NZD/USD, which started on 10 July from 0.8836, has resumed. From here we should see a continuation to 0.8300 during the days/weeks ahead”. “US factors pushing the USD higher are the main explanations, but NZ’s soft economic patch has also contributed (our short term economic data pulse model is currently pointing downwards), as has the RBNZ’s intervention threat voiced in July”. “We continue to target 0.8200 by year end”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

GBP/USD fills the opening gap, nears 1.6600 FXStreet (Córdoba) - The GBP/USD has managed to extend its recovery during the European session, filling the downward opening gap in the process. The GBP/USD has been in slowly moving away from fresh 5-month lows scored at the opening, having regained the 50-hour SMA and moving closer to the 1.6600 zone. At time of writing, the Cable is trading at the 1.6590 zone, 0.10% above its opening price. In the absence of fresh economic data, investors are still assessing Friday’s Yellen speech, which was perceived as less dovish by markets. GBP/USD technical outlook “The overall outlook below 1.6600 intraday resistance remains bearish, for a slide towards 1.6460”, said Stoyan Mihaylov, analyst at Deltastock. “Crucial on the upside is 1.6650-70 area”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

EUR/USD reclaims 1.3200 FXStreet (Edinburgh) - The shared currency is now picking up pace and lifting the EUR/USD back to challenge the significant 1.3200 barrier. EUR/USD remains bearish The bearish tone from Mario Drgahi at the Jackson Hole Symposium is still weighing on the pair at the beginning of the week. Although spot seems to have absorbed quite well the disappointment from the German IFO series, the results added to a negative streak of data releases in the euro region, supporting the idea of further easing by the ECB at some point in the medium term. Analysts at BTMU assessed, “The deteriorating euro-zone economic growth outlook appears in more marked contrast to the improving US growth outlook in the near-term undermining the relative appeal of the euro compared to the US dollar… The elevated scale of speculative euro shorts may help to dampen further downside in the near-term, although widening economic divergences still argue in favour of a weaker euro. EUR/USD key levels At the moment the pair is losing 0.30% at 1.3200 with the next support at 1.3157 (low Sep.9 2013) followed by 1.3105 (low Sep.6 2013) and finally 1.3089 (low Jul.19 2013). On the flip side, a breakout of 1.3297 (high Aug.22) would aim for 1.3324 (high Aug,20) and then 1.3361 (21-d MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac FXStreet (Edinburgh) - The EUR/USD is putting the 1.3200 critical support to the test on Monday, largely ignoring the poor IFO results and following the dovish appreciations from ECB’s Draghi over the weekend. “To the delight of the ECB, EUR/USD is probing lows since Sep 2013 and seems on track for substantial further decline multi-week/month… The data week ahead should tend mildly negative for EUR/USD but is overshadowed by the early Sep data flurry, so while retaining a downward bias on the week, we suspect new lows will only be marginal, with 1.3105 support to hold”, observed strategists at Westpac Global Strategy Group. In addition, Senior Technical Analyst at Commerzbank Axel Rudolph commented the pair “has slipped through the 38.2% Fibonacci retracement of the 2012-14 rise and the last week’s August low at 1.3249/42 and thus nears the September 2012 high at 1.3173 while en route to the 1.3105 September low and the psychological 1.3000 region”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

European stocks boosted by Draghi FXStreet (Córdoba) - European stocks rose Monday as sentiment improved after European Central Bank President Mario Draghi lifted expectations of further policy easing. Speaking at a symposium of central bankers in Jackson Hole, Draghi said late on Friday the ECB is prepared to respond with all its available tools if inflation continues to fall. The Stoxx Europe 600 rose 0.61% to 338.81 in early trade Monday. The index gained 2.1% last week, the most since February. As for country-specific indexes the Germany’s DAX 30 advanced 1.13% while the France’s CAC 40 climbed 1.03%. Spain’s Ibex 35 added 0.83% while Italy’s FTSE MIB rose 0.97%. The UK market is closed today for a holiday. In the macroeconomic domain, German IFO survey showed German economy continues to lose strength. Business climate index fell to 106.3 vs 107 expected in August while current assessment dropped to 111.1 versus 112.0 and expectations index slid to 101.7 vs 102.0. In the currencies market, the US dollar continues to consolidate near multi-month highs after Fed Yellen not-so-dovish comments Friday. As for commodities, gold shed 0.17% to $1,278 an ounce while crude oil was nearly flat at $93.61 a barrel. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates

Geopolitical risks remain alive – Danske Bank FXStreet (Edinburgh) - According to Lars Christensen, Chief Analyst at Danske Bank, the situation in Ukraine continues to be alarming. Key Quotes “On the geopolitical front, Ukraine on Sunday marked its independence day, while intense fighting continued around the rebel-held city of Donetsk”. “On Friday, NATO Secretary General Anders Fogh Rasmussen said that the alliance had observed ‘an alarming’ build-up of Russian ground and air force near the border of Ukraine”. “Rasmussen’s comments likely have contributed to the negative sentiment in the markets since Friday”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 25, 2014 OctaFX.Com News Updates