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AUD/USD bounces off lows and trades back at 0.9285 FXStreet (San Francisco) - After falling around 100 pips from yesterday's highs of 0.9455, the AUD/USD finally found support at 0.9360 in the European morning and it started to trade sideways around the 0.9375 area. However, the gold at highs is supporting the AUD/USD and now the pair jumped 15 pips to break above recent range and to trade at 0.9350. Currently, AUD/USD is trading at 0.9384, down 0.29% on the day, having posted a daily high at 0.9459 and low at 0.9361. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. AUD/USD sentiment "AUD/USD holds around critical 0.9370, supported by gold momentum, trading at $1342/oz, levels not seen since past March," comments Valeria Bednarik from FXStreet. "Nevertheless, the hourly chart presents a mild bearish tone, with price below moving averages and indicators in negative territory, showing no actual momentum at the time being." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 10, 2014 OctaFX.Com News Updates

EUR/GBP turns to the downside from 1-week highs FXStreet (Córdoba) - The EUR/GBP hit a fresh daily low during the American session at 0.7935, extending the decline from 1-week highs. Before the Bank of England’s decision the pair climbed to 0.7968, the strongest level since July 3. Afterward the Euro lost momentum across the board and pushed the EUR/GBP to the downside. The pair lost more than 30 pips in a few hours and bottomed hitting 2-day lows. Currently trades at 0.7944, down 0.08% for the day. EUR/GBP still positive for the week Despite pulling back on Thursday the Euro is still headed toward a modest weekly gains, recovering from 22-month lows. The dominant trend on a wider perspective remains bearish. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 10, 2014 OctaFX.Com News Updates

GBP/USD resists above 1.7100 FXStreet (Córdoba) - The rejection of the GBP/USD from the 1.7165 area has contained at the beginning of the New York session just a few pips before hitting the 1.7100 psychological mark. The GBP/USD failed to sustain gains as investors seemed unwilling to buy the GBP before the BoE decision and the pair continued to fall after the bank offered no surprises. The Cable bottomed out at 1.7103 and with the subsequent bounce capped by the 1.7130, it was confined to a phase of consolidation. At time of writing, the GBP/USD is trading at 1.7110, 0.26% below its opening price. GBP/USD technical outlook “In the 4 hours chart the technical picture is mild bearish, with risk to the downside limited by 1.7060, 23.6% retracement of the latest bullish run”, said Valeria Bednarik, chief analyst at FXStreet. Bednarik locates next supports at 1.7095, 1.7060 and 1.7020, while she sees resistances at 1.7150, 1.7180 and 1.7220. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 10, 2014 OctaFX.Com News Updates

United States EIA Natural Gas Storage change came in at 93B, above forecasts (92B) in July 4 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 10, 2014 OctaFX.Com News Updates

GBP/CHF supply with high volume on the market - ForexTrading.TV FXStreet (Łódź) - Petar Jacimovic, currency analyst at ForexTrading.TV, points out that there is GBP/CHF supply with high volume on the market. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 10, 2014 OctaFX.Com News Updates

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EUR/USD offered post FOMC minutes FXStreet (Guatemala) - EUR/USD is trading at 1.3615, up 0.02% on the day, having posted a daily high at 1.3644 and low at 1.3602. EUR/USD is however slightly offered here post the release of the FOMC minutes. The minutes essentially confirmed the markets expectations that the Fed will be leaning towards October as and end for their QE programme. EUR/USD Levels Spot is presently trading at 1.3615, and next resistance can be seen at 1.3617 (Hourly 20 EMA), 1.3619 (Yesterday's High), 1.3622 (Daily 20 SMA), 1.3626 (Daily Classic R1) and 1.3627 (Weekly Classic PP). Next support to the downside can be found at 1.3613 (Daily Open), 1.3606 (Daily Classic PP), 1.3604 (Hourly 100 SMA), 1.3602 (Daily Low) and 1.3595 (Weekly Low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 09, 2014 OctaFX.Com News Updates

USD/JPY starting to become neutral looking - UOB Group FXStreet (Guatemala) - The Market Strategy Team at UOB Group are changing their view on USD/JPY. Key Quotes: "The break below 101.50 earlier this morning means our recent view for a move towards 102.45 is wrong. The outlook for USD appears to be neutral from here, expect 101.20/102.25 range for the next 1 to 1.5 weeks." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 09, 2014 OctaFX.Com News Updates

United States 10-Year Note Auction fell from previous 2.64% to 2.597% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 09, 2014 OctaFX.Com News Updates

USD/JPY gaining on yesterday’s business FXStreet (Guatemala) - USD/JPY> is trading at 101.71, up 0.14% on the day, having posted a daily high at 101.75 and low at 101.45. USD/JPY is still trading within a multi‐month range and we now await the FOMC minutes. Analysts at TD Securities said, “We know the Fed and Yellen are nevertheless gaining confidence in moving toward both inflation and employment objectives. This will be reflected in the tone of these minutes. If past is prologue then the recent price action since Friday suggests Treasuries are vulnerable today. In each of the past 6 FOMC Minute releases the 10yr yield has moved higher, by an average of 4bps. 5yr yields have outperformed over these same dates, rising by an average of 2 bps”. USD/JPY Levels Current price is 101.71, with resistance ahead at 101.75 (Daily High), 101.82 (Daily 200 SMA), 101.83 (Daily Classic R1), 101.86 (Daily 20 SMA) and 101.87 (Weekly Classic PP). Next support to the downside can be found at 101.71 (Hourly 200 SMA), 101.66 (Hourly 20 EMA), (Daily Classic PP), 101.58 (Daily Open) and 101.58 (Weekly Low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 09, 2014 OctaFX.Com News Updates

GBP/USD relaxing back onto support 1.7130 FXStreet (Guatemala) - GBP/USD is trading at 1.7130, down -0.01% on the day, having posted a daily high at 1.7148 and low at 1.7094. GBP/USD is relaxing back onto the support here ahead of the FOMC minutes. Then, tomorrow, we will get the BoE. However, this may not be much of an event and Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained,"We do not expect any surprises at tomorrow’s BoE meeting, with both interest rates and the asset purchase program on hold at 0.5% and £375bn respectively. Next week’s CPI release and slew of data is the next hurdle for GBP. We expect near‐term upside but an easing into year‐end; holding a Q414 target of 1.70." GBP/USD Levels Current price is 1.7131, with resistance ahead at 1.7134 (Daily Open), 1.7138 (Hourly 100 SMA), 1.7148 (Daily High), 1.7150 (Yesterday's High) and 1.7160 (Daily Classic R1). Next support to the downside can be found at 1.7127 (Weekly Low), 1.7122 (Hourly 20 EMA), (Daily Classic PP), 1.7120 (Hourly 200 SMA) and 1.7116 (Weekly Classic PP). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 09, 2014 OctaFX.Com News Updates

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AUD/USD dipping below 0.94 handle and pressure mounts FXStreet (Guatemala) - AUD/USD is trading at 0.9396, up 0.26% on the day, having posted a daily high at 0.9416 and low at 0.9366. The AUD was encouraged overnight by a rise in Jun business confidence and has since managed the 0.94 handle. Analysts at Rabobank explained that the results of the data will take the edge of fears that low interest rates are failing to fuel anything other than house price inflation. “That said the employment component of this survey is weak and this implies that fears regarding slack investment growth following the end of the mining investment boom will remain. While the recent softening in fears about the pace of growth in the Chinese economy is supportive for the AUD, we expect these concerns to resume in the months ahead and anticipate a weaker outlook for the AUD/USD medium-term. We see risk that AUD/USD could start pushing down towards the 0.80 level by the end of this year, dependent on the news from China”. AUD/USD Levels Current price is 0.9397, with resistance ahead at 0.9401 (Weekly Classic PP), 0.9401 (Daily Classic R2), 0.9405 (Hourly 200 SMA), 0.9416 (Daily High) and 0.9425 (Daily Classic R3). Next support to the downside can be found at 0.9390 (Hourly 20 EMA), 0.9388 (Daily 20 SMA), 0.9387 (Daily Classic R1), 0.9379 (Hourly 100 SMA) and 0.9378 (Yesterday's High). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 08, 2014 OctaFX.Com News Updates

GBP/USD steady above 1.7100 after GDP estimate FXStreet (Buenos Aires) - The GBP/USD holds steady near its session highs of 1.7125 after the release of the UK NIESR GDP Estimate in line with expectations at 0.9%. Having suffered from an early kneejerk down to 1.7084 early Europe as UK output data disappointed, Pound has proved once again it won’t give up easily to latest macroeconomic data: one swallow does not make a summer, and indeed one bad reading can’t take a good trend down. Most analyst still agree latest slide from the year high of 1.7179 post last week seems for now corrective, and that further downward pressure is required to confirm at least a decent correction: the 23.6% retracement of the 1.6698/1.7179 rally stands now at 1.7060 offering immediate short term support, followed then by the 38.2% retracement at 1.6996. To the upside, recent intraday highs offer resistance around 1.7145 followed then by the mentioned year high. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 08, 2014 OctaFX.Com News Updates

United Kingdom NIESR GDP Estimate (3M) remains unchanged at 0.9% in June Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 08, 2014 OctaFX.Com News Updates

AUD/USD clinches to 0.9400 FXStreet (Edinburgh) - The bid tone around the Aussie dollar remains intact at the beginning of the week, now lifting the AUD/USD back above the 0.9400 key barrier. AUD/USD extend the correction higher Renewed buying interest is helping the AUD retrace part of last week’s deep sell-off to sub-0.9330 levels, pushing spot to advance for the second consecutive session so far. In the same direction, positive confidence gauges in Oz are also collaborating with the bullish sentiment. “While the recent softening in fears about the pace of growth in the Chinese economy is supportive for the AUD, we expect these concerns to resume in the months ahead and anticipate a weaker outlook for the AUD/USD medium-term. We see risk that AUD/USD could start pushing down towards the 0.80 level by the end of this year, dependent on the news from China”, assessed Jane Foley, Senior Currency Strategist at Rabobank. AUD/USD key levels As of writing the pair is advancing 0.37% at 0.9407 with the next resistance at 0.9443 (high Jul.3) followed by 0.9499 (high Jul.2) and finally 0.9505 (high Jul.1). On the flip side, a breakdown of 0.9344 (low Jul.4) would expose 0.9341 (50-d MA) and then 0.9327 (low Jul.3). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 08, 2014 OctaFX.Com News Updates

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BoE and rate outlook for Q2 2015 - Rabobank FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank noted that there is already a lot of good news priced into the pound. Key Quotes: “UK data releases from the third quarter of last year have revealed far more momentum behind the UK economic recovery than almost anyone had expected. This has culminated in widespread expectations that the BoE will be the second developed world central bank to hike rates this cycle, after the RBNZ. The latest survey from Reuters reveals that half of respondents now expect the first hike in the initial quarter of next year, with a decent minority looking for a move late this year”. “Only a few weeks ago, the market consensus for the first BoE rate hike stood at Q2 2015, but confidence in this view was rattled by the remarks of BoE Governor Carney at the Mansion House on June 12. Carney commented that he was surprised by the relatively low probability that the market was attaching to the likelihood of a hike in the bank rate this year; the market consensus duly shifted”. “The outlook for BoE rates, however, is not clear cut. As Carney remarked later in June, wage inflation in the UK remains surprising low. This would appear to suggest that there is more spare capacity in the labour market than the aggressive fall in the unemployment rate would suggest”. “Not only is wage inflation still subdued but UK CPI inflation at 1.5% y/y is well below the BoE’s 2.0% target. Disinflation is a common theme across Europe currently and sterling strength will be contributing to downward pressure on UK import prices. For this reason we have left our forecast for the first BoE rate hike of the cycle at Q2 2015, at least for the time being. Not so many months ago, we were more hawkish than the market consensus, now we find ourselves in the dovish camp”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates

Impervious to better US data? - WIB FXStreet (Guatemala) - Analysts at Westpac Banking Corporation ABN put the question out there of, “Delayed reaction or are financial markets simply impervious to better US data?” Key Quote: “Last week's strong NFP outcome makes it five in a row of 200k+ outcomes, yet US yields and the US$ remain in well rehearsed ranges”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates

US stocks decline after holiday FXStreet (Córdoba) - Stocks finished lower in Europe and are falling in Wall Street at the beginning of the week. A decline in german industrial output weight on European stocks. The FTSE 100 lost 0.62% while the Dax fell 1.03%. The worst among European indexed was France’s Cac 40 that dropped 1.41%. Trading resumed in Wall Street after Friday’s holiday. Main indexes are falling as speculation about when the Federal Reserve will move rates increases, particularly ahead of the release of the FOMC minutes. The Dow Jones is losing 0.35%, holding slightly above the 17,000 mark while the Nasdaq losses 0.73% and the S&P 500 drop 0.48%. As US stocks are pulling back from record highs, gold and crude oil are also falling. The yellow metal trades at $1,317/oz, down 0.25% while the barrel is losing 0.60% at $103.40. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates

EUR/GBP heading for 0.78 region - Rabobank FXStreet (Guatemala) - Analysts at Rabobank explained that even though recent comments from ECB hawk Weidmann warned about risks to financial stability from keeping monetary policy too loose, he made clear that he was fully on board with the measures announced by the committee last month. “He remarked that “the point is to prevent a phase of inflation that is too low for too long, as this could cripple the economy in the Eurozone””. “Although to date, the dovish sentiments from ECB officials have had limited effect on undermining the value of the EUR, as the market becomes increasingly confident in its assessment of the divergence of the policy outlooks between the ECB and other central banks, a reaction is likely to be played out in the EUR crosses”. “We see scope for EUR/GBP to end the year in the 0.78 region and to continue heading lower into 2015 towards the 0.77 level on a 12 mth view”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates

EUR/USD mixed signals – Scotiabank FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the EUR comes with mixed signals. Key Quotes: "EUR/USD short‐term technicals: mixed—EUR buy signals have faded and sell signals are beginning to form”. “We expect EUR to trade within a broad range, loosely defined as 1.35 to 1.37 for the near‐term." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates

EUR/USD treading water near 1.3600 FXStreet (Edinburgh) - The single currency is looking to consolidate the recent bounce off session lows, taking the EUR/USD back to the vicinity of 1.3600 the figure as markets enter the US session. EUR/USD poised to remain sidelined? With the recent Payrolls numbers still hovering over markets and no relevant releases in both the euro area and the US until Wednesday, where the FOMC minutes are due, expectations for volatility in the pair remain pretty flat. In the view of analysts at Westpac Global Strategy Group, “Multi-month, EUR weakness should be driven by: 1) less supportive flow dynamics as signalled by the region’s shrinking basic balance surplus; and 2) near certain prospects for relatively faster growth in the ECB’s balance sheet vs the Fed, especially later this year as TLRTO comes into play. Draghi’s reference to EUR1 trillion in the latter prevented a break of 1.37 so the sell zone may now be the mid-1.36s”. EUR/USD levels to watch As of writing the pair is retreating 0.01% at 1.3592 and a breakdown of 1.3576 (low Jun.26) would open the door to 1.3574 (low Jun.23) and then 1.3565 (low Jun.20). On the upside, the initial hurdle lines up at 1.3611 (high Jul.4) followed by 1.3664 (high Jul.3) and finally 1.3677 (200-d MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates

Dijsselbloem urges Greece to step up work on its bailout program FXStreet (Łódź) - Eurogroup head Jeroen Dijsselbloem urged Greece today at the monthly meeting of Eurozone Finance Ministers in Brussels to make more efforts to meet the bailout program requirements. Dijsselbloem stressed that Eurozone Member States should continue implementing structural reforms, not only promising to do that. The European Commission would assess the reforms' effectiveness, he added. Furthermore, the Eurogroup chief expressed his optimism about the outcome of EU bank stress tests. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates

BoE in the limelight this week - Investec FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, underlines the relevance of the MPC meeting ahead in the week. Key Quotes "Very little out on the data front today so it’s likely the market will continue to be driven by the result of Thursday’s impressive payroll figures. However, the main event of the week will be when the Monetary Policy Committee makes its July announcement at midday on Thursday." "This will be the first MPC meeting since Mark Carney’s Mansion House speech, when the BoE Governor warned that interest rates could rise sooner than markets were expecting. However the motivation behind the statement is likely to have been to warn markets of a general trend, not an imminent event". "Accordingly policy looks set to be held steady again for now, with the Bank rate on hold at 0.5% and the stock of asset purchases at £375bn." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 07, 2014 OctaFX.Com News Updates