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Japan’s Suga signals further sales tax hike to be decided around December FXStreet (Łódź) - Japan's Chief Cabinet Secretary Yoshihide Suga said today in Tokyo that the government would debate the second increase of the sales ta,x to 10%, at the end of the year. He assured that FY15 budget compilation wouldn’t extend beyond year-end. The USD/JPY returned to highs at 101.82 following the announcement. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 25, 2014 OctaFX.Com News Updates

EUR/USD slides as hopes are killed FXStreet (Moscow) - EUR/USD retreated from session high at 1.3475, and slid to 1.3460 area right before the IFO release; it moved to 1.3450 post data. When IFO is out The chances to see good IFO numbers were slim, as Germany has shown some slackness in recent industrial and business data. The released yesterday PMI data did give a hope, but when the IFO expectations index came out at 103.4 vs. 104.5, the pair immediately reacted with a slide to 1.3450 area, and if the support is broken the next target may become 1.3414. The other components of the report disappointed as well confirming the weakness evolving in the German economy. What are today’s key EUR/USD levels? Today's central pivot point can be found at 1.3462, with support below at 1.3439, 1.3414 and 1.3391, with resistance above at 1.3487, 1.3510, and 1.3535. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.3535 and the daily 20EMA bearish at 1.3554. Hourly RSI is bearish at 54. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 25, 2014 OctaFX.Com News Updates

Germany IFO - Current Assessment came in at 112.9 below forecasts (114.5) in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 25, 2014 OctaFX.Com News Updates

Germany IFO - Business Climate came in at 108, below expectations (109.4) in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 25, 2014 OctaFX.Com News Updates

United States Kansas Fed manufacturing activity climbed from previous 2 to 11 in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

GBP/USD hits fresh 1-month lows FXStreet (Córdoba) - The GBP/USD fell further below 1.7000 and printed a fresh 1-month low at the beginning of the New York session as the greenback strengthened on the back of upbeat jobless claims data. Today’s UK retail sales release was disappointing which in addition to less hawkish than expected BoE minutes published yesterday, weighed on the Cable, pushing it further away its 6-year peak of 1.7190 scored last week. The pair has fallen for seven trading days in a row, retracing almost 50.0% of its May-July rise between 1.6692/1.7190. Having scored a low of 1.6968, the GBP/USD is currently trading at 1.6975, recording a 0.38% loss on Thursday. GBP/USD technical levels In terms of technical levels, the GBP/USD could find next supports at 1.6951 (Jun 25 low), 1.6940 (61.8% Fibo of 1.6692/1.7190) and 1.6919 (Jun 18 low). On the flip side, resistances are seen at 1.7052 (Jul 24 high), 1.7094 (Jul 23 high) and 1.7100/02 (psychological level/20-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

S&P 500 inches to new record high - ForexTrading.TV FXStreet (Łódź) - Nicole Elliott, currency analyst at ForexTrading.TV points out that the S&P 500 is climbing towards a new record high. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

United States EIA Natural Gas Storage change came in at 90B, below expectations (95B) in July 18 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

NZD/USD: year-end target at 0.85 - Scotiabank FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank notes that the RBNZ used much stronger language than before, adding pressure on the NZD after the meeting. Scotiabank holds their NZD/USD year-end target at 0.85 and warns cautious when it trades above 0.86. “NZD is weak, having fallen 1.3% since yesterday’s NA close and touching a one month low”. “As expected the RBNZ increased interest rates by 25 bps to 3.50%; while signaling a pause in its tightening cycle, downgrading its growth forecast to 3.7% in 2014 and rising concern over the level of NZD”. “In its warning over the currency, the RBNZ said explicitly that ‘the level of the New Zealand dollar is unjustified and unsustainable and there is potential for a significant fall’. This is much stronger language than has been used recently and added to the downward pressure on NZD”. “We hold a year-end target of 0.85, expecting markets to grow increasingly cautious over NZD when it trades above 0.86”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

United States Markit Manufacturing PMI below forecasts (57.5) in July: Actual (56.3) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

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GBP/USD stole the show reacting to Retail Sales FXStreet (Moscow) - GBP/USD came under mild pressure on strong EMU PMI’s sliding back to 1.7030 area; the just released UK Retail Sales sent the pair to 1,70 area. When Retail Sales come out The pair came under pressure through EUR/GBP cross moves, as the euro was helped by stronger than expected PMI data reviving the hopes for gradual recovery of the euro zone. However, just released UK Retail Sales stole the show, and attracted the market attention with the readings coming out at 0.1% m/m, 3.6% y/y vs. 0.3% m/m, 3.9% y/y expected. The pair moved to 1.7008 low post the release as the investors took the numbers as another evidence of weaker than perceived British economic recovery. What are today’s key GBP/USD levels? Today's central pivot point can be found at 1.7055, with support below at 1.7013, 1.6983 and 1.6941 with resistance above at 1.7085, 1.7127, and 1.7157. Hourly Moving Averages are bearish, with the 200SMA at 1.7093, and the daily 20EMA flat at 1.7077. Hourly RSI is bullish at 40. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

United Kingdom Retail Sales ex-Fuel (YoY) below forecasts (4.6%) in June: Actual (4%) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

USD/JPY holding on 101.50 FXStreet (Guatemala) - USD/JPY is trading at 101.54, up 0.05% on the day, having posted a daily high at 101.57 and low at 101.47. USD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish, all the while we are still unchanged with the Tokyo open and trade data already posted. However, in the 4 hours chart, as noted by Valeria Bednarik, chief analyst at FXStreet explained, “Indicators head higher in positive territory, yet chances of an advance are subdue to a break above mentioned resistance”. USD/JPY Levels Spot is presently trading at 101.54, and next resistance can be seen at 101.56 (Yesterday's High), 101.60 (Daily 20 SMA) and 101.67 (Weekly High). Next support to the downside can be found at 101.47 (Daily Low) and 101.40 ahead of 101.20. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2014 OctaFX.Com News Updates

EUR making new lows for the month - BBH FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the EUR has been making new marginal lows for this month and looked else where to other G10’s. Key Quotes "EUR/USD is trading at levels not seen since November 2013". “Elsewhere, EUR/JPY is breaking a key retracement level from the 2013-2014 rise near 136.75 and points to a test of the November 2013 low near 131.20." "EUR/JPY has yet to break below the February low near 136.25. EUR/USD already has broken below its February low and so the move is being led by this pair, it seems". "USD/JPY remains stuck in its recent narrow ranges." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

Barclays: BoE expected to raise rates in Q4 - eFXnews FXStreet (Łódź) - The eFXnews team remark that following the release of BoE minutes today Philippe Gudin and Fabrice Montagne from Barclays Capital see the MPC hiking rates in the last quarter of 2014. Key quotes "The UK Monetary Policy Committee (MPC) voted unanimously to keep monetary policy on hold at its July meeting, with Bank Rate unchanged at 0.50% and the stock of asset purchases maintained at £375bn." "Members of the MPC had an extensive discussion about the margin of spare capacities, especially in the labour market, and continued to hold a wide range of views about the degree of slack in the UK economy, which is likely to be the main focus of the August Inflation Report." "We continue to expect the first increase in Bank Rate to take place in the fourth quarter of this year." '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 July 23, 2014 OctaFX.Com News Updates

EUR/USD tests 1.3470 post EU consumer confidence FXStreet (San Francisco) - The Euro is trading slightly higher against the US Dollar following the worst than expected EU consumer confidence in July. Currently, EUR/USD is trading at 1.3469, up 0.03% on the day, having posted a daily high at 1.3475 and low at 1.3455. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. The EU consumer confidence declined to -8.4 pts in Juy from -7.5 pts in June. Worst than expected EUR/USD levels If the pair manages to break 1.3470, it would find resistances at 1.3490 and 1.3500. On the downside, supports are at 1.3460, 1.3450 and 1.3400. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

European Monetary Union Consumer Confidence registered at -8.4, below expectations (-7.5) in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

EUR/USD consolidating its latest losses - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that the EUR/USD is consolidating its latest losses , trading in a tight 20 pips range below former year low of 1.3476, level that capped the upside so far today. Key quotes "With no fundamental data to lead the way, EU consumer confidence and US crude stocks may bring some action later today, albeit seems we are going nowhere far." "Technically, the bearish bias remains favored with price hovering around a bearish 20 SMA and indicators turning lower around their midlines." "In the 4 hours chart technical readings also favor the downside, with a break below 1.3440/50 area required to confirm a new leg down." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

USD/CAD bounces at 1.0710; back to 1.0730 FXStreet (San Francisco) - The USD/CAD tested the 1.0710 key level post Canadian retail sales data but the pair bounced there and now it is trading back around 1.0730. Currently, USD/CAD is trading at 1.0726, down 0.11% on the day, having posted a daily high at 1.0744 and low at 1.0709. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. USD/CAD levels If the pair manages to break above 1.0725, next resistances are at 1.0760 and 1.0790. On the donwside, supports are at 1.0710, 1.0690 and 1.0625. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

EUR/USD: near-term test of 1.3380 expected - Scotiabank FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank noted that there is ongoing downside pressure on EUR and they expect EUR/USD to test 1.3380 in the near term. Key Quotes “EUR is weak, flat since yesterday’s close, but having broken below its recent range and the February lows”. “Downside pressure has also built on EUR crosses, with EUR/JPY, EUR/GBP, EUR/CAD and EUR/AUD all having dropped to fresh lows in the last 24 hours”. “Building on yesterday’s comment, we see this build as suggesting there is ongoing downside pressure on EUR, which is likely to pull it lower still”. “News flow has been quiet, with no fundamental releases except for mixed second tier data from France. We look for a near-term test of 1.3380”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

USD/JPY maintains the range FXStreet (Córdoba) - The USD/JPY managed to trim intraday losses after bottoming out at 101.30 during the European session, although it continues to trade in negative ground for the day. The USD/JPY is correcting lower after the upside was capped by the 21-day SMA following 3 consecutive days of gains. However, the subsequent dip was contained by the1 01.30 area, confining the pair to a phase of consolidation. At time of writing, the USD/JPY is trading at 101.35, still 0.10% below its opening price. USD/JPY technical levels In terms of technical levels, the USD/JPY could find immediate supports at 101.19 (Jul 21 low), 101.08/05 (Jul 18 & 10 lows) and 100.81(May 21 low). On the other hand, resistances are seen at 101.60 (Jul 22 high), 101.78 (Jul 16 high) and 101.93 (200-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

Lithuania's Eurozone accession officially approved FXStreet (Łódź) - European finance ministers have officially backed Lithuania's accession to the Eurozone, beginning with January 1, 2015. ECB executive board member Peter Praet, also present in Brussels, stressed that the newest euro area member should pursue appropriate policies to prevent economic imbalances. He reminded that three of Lithuania's largest banks' balance sheets were being reviewed by the ECB as part of the central bank's comprehensive assessment of the Eurozone banking system. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 23, 2014 OctaFX.Com News Updates

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AUDUSD downside bias through for .9330 and key .9322 - MarketChartist FXStreet (Łódź) - Steve Miley, FX analyst at MarketChartist suggests that AUDUSD remains in a negative range theme whilst below .9410/15. Key quotes "A roll back lower to the range and we restate the view that 'the threat is back to .9330 and growing risk for a break below key .9322'." "The previous setback from .9455 leaves a defensive bias to the narrow .9330-.9410/15 range from last week within the broader .9455-.9322 range." "With the recent rebound capped at .9410/15 and given prior support violations through .9360 and .9340, we still see a defensive bias and Head & Shoulders top risk." "Downside: Below .9322 sees a better top and bearish shift to target at .9258, 9230 and maybe the key .9208/00 area." "Upside: Above .9455 aims through the .9505 cycle high to retrace and chart targets at .9525/45." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 22, 2014 OctaFX.Com News Updates