OctaFX_Farid Posted July 30, 2015 Author Share Posted July 30, 2015 EUR/USD: waiting for a breakdown of the range – Westpac FXStreet (Edinburgh) - In the view of Richard Franulovich, Strategist at Westpac, the current range in the pair could be broken to the downside. Key Quotes “EUR/USD’s three month 1.08-1.14 range looks like extending for a while yet, the region’s healthy basic balance (driven mainly by trade surpluses rather than capital flows) containing what should otherwise be a healthy persistent depreciation driven by negative short term interest rates and ongoing ECB QE”. “Even so, the medium term risks remain skewed lower. The renewed slump in commodity prices and the region’s still large output gap point to ongoing fragility in inflation expectations and by implication high risks of ECB QE for longer”. “The 1.08-1.14 range should thus eventually break to the downside”. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted July 30, 2015 Author Share Posted July 30, 2015 IMF won't agree on Greek bailout without debt relief FXStreet (Córdoba) - An IMF official stated that they will not back a Greek debt programme until Athens and its creditors find a way to collaborate to make the country’s debt sustainable, via Reuters. Comments from official support earlier FT story. Official said crisis requires difficult decisions on all sides and the IMF won’t fund Greece without a debt relief pledge. However, the IMF would remain fully involved in Greek talks. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted July 30, 2015 Author Share Posted July 30, 2015 USD/JPY: buy the dips below 123.00 – Westpac FXStreet (Edinburgh) - Strategist at Westpac Robert Rennie sees dips to sub-123.00 levels as buying opportunities. Key Quotes “We have stuck with a buy USD/JPY dips bias for a number of weeks now. We still see that as a story that will develop more fully through August/ September”. “Likely weak Q2 GDP in Japan (August 17) and Fed lift-off (Sep 17) should be the catalysts for a reasonably significant move higher in USD/JPY”. “Between now and then, use dips below 123 as an opportunity to buy”. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted July 31, 2015 Author Share Posted July 31, 2015 US Dollar drops to lows near 97.30 FXStreet (Edinburgh) - The greenback, tracked by the US Dollar Index, is surrendering part of the recent strong gains and testing session lows near 97.30 on Friday. US Dollar remains above 97.00 After three consecutive sessions with gains, the dollar is now shedding part of the recent spike to the boundaries of 97.80 and navigating the lower end of the daily range in the 97.35/30 band, all amidst some profit-taking amongst investors and the usual month-end adjustment. Next of relevance for USD will be the ECI (Employment Cost Index), expected at 0.6% during the second quarter, ahead of the final figures for the Consumer Sentiment tracked by the Reuters/Michigan index, seen at 94.0. US Dollar relevant levels As of writing the index is down 0.21% at 97.35 with the next support at 97.26 (low Jul.31) followed by 96.29 (low Jul.27) and then 96.26 (low Jul.14). On the other hand, a breakout of 97.97 (high Jul.17) would aim for 98.16 (high Jul.20) and finally 98.46 (high Apr.21). July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted July 31, 2015 Author Share Posted July 31, 2015 Russian central bank cuts interest rate by 0.5% FXStreet (Mumbai) - The Bank of Russia announced a cut in the key interest rate by 0.5% to 11.00% per annum in response to major macroeconomic indicators demonstrate further economy cooling. According to the central bank, “the balance of risks shifts towards the considerable economy cooling despite a slight increase in inflation risks. According to the Bank of Russia forecast, consumer price growth will continue to slow amid slack domestic demand. Annual inflation will fall below 7% in July 2016 and reach the 4% target in 2017. The Bank of Russia will further decide on its key rate depending on the balance of inflation risks and risks of economy cooling.” The bank added, “the economic situation in Russia will further depend on the dynamics of world energy prices and the economy’s ability to adapt to external shocks. At the same time the scenario with oil prices remaining below US$60 per barrel for a long time is more probable than it was in June.” The decision comes at a time when Crude prices are on the way to its fifth consecutive weekly loss. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted July 31, 2015 Author Share Posted July 31, 2015 EUR/USD could break below the range, eyes on 1.06 – Westpac FXStreet (Edinburgh) - Sean Callow, Strategist at Westpac, sees the pair breaching the current floor of the range at the 1.0800 mark, eventually. Key Quotes “As noted above, we expect underlying demand for US dollars but no dramatic rise”. “This probably means EUR/ USD is not quite ready to break the closely-watched 1.08 support level that has held since April”. “The euro has held up remarkably well through a European summer of great turmoil in Greece and ongoing, large scale ECB money printing… the Eurozone’s large trade surpluses are likely to be key to EUR resilience” “Specifically, Germany’s trade surplus has risen from around EUR14bn per month early 2012 to an average of EUR21.5bn over the 3mths to May 2015, an annualized EUR258bn”. “That’s a lot of demand for euros at a time when portfolio outflows will be dampened by European summer markets”. “But given negative interest rates on deposits and QE contrasting to an upbeat Fed and US, it is hard not to expect that eventually EUR/USD will break lower, towards 1.06”. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted July 31, 2015 Author Share Posted July 31, 2015 US ECI on the spotlight today – Danske Bank FXStreet (Edinburgh) - Senior Analyst Pernille Henneberg at Danske Bank noted the relevance of today’s ECI release in the US docket. Key Quotes “The main release today is the US employment cost index, which is set to increase 0.6% q/q”. “The quarterly index so far indicates that wage inflation is picking up in line with the diminishing slack in the labour market”. “The release today is important for our call for a first Fed rate hike at the next FOMC meeting in September, but the FOMC will get additional information about the labour market development as the July and August job market reports will be released ahead of the September meeting”. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted July 31, 2015 Author Share Posted July 31, 2015 United States Employment cost index came in at 0.2%, below expectations (0.6%) FXStreet.com (Barcelona) For more information, read our latest forex news. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
bocaraton Posted July 31, 2015 Share Posted July 31, 2015 Payment proof here please. Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 3, 2015 Author Share Posted August 3, 2015 United States Core Personal Consumption Expenditure - Price Index (MoM) meets forecasts (0.1%) in June FXStreet.com (Barcelona) For more information, read our latest Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 3, 2015 Author Share Posted August 3, 2015 EUR/USD stays near lows after US data FXStreet (Córdoba) - EUR/USD continues to trade at daily lows, having erased almost completely Friday’s gains, barely affected by the release of US consumer spending data. US personal spending rises 0.2% in June US Personal spending rose 0.2% in June, posting the smallest gain since February and matching expectations, while personal income rose 0.4% in the same month, slightly above the 0.3% rise expected. Meanwhile, consumer inflation measured by PCE price index, the Fed’s preferred inflation gauge, rose 0.2% in June and 0.3% YoY, while excluding volatile food and energy categories, PCE price index rose 0.1% MoM and 1.3% YoY. EUR/USD edged slightly up but remained overall unchanged trading near lows at the 1.0950 area, down 0.3% on the day. The pair reached a high of 1.113 Friday’s NY session following disappointing US wage data, but failed to hold and retraced most gains. EUR/USD levels to watch As for technical levels, EUR/USD could find next resistances at 1.0995 (Aug 3 high/100-hour SMA), 1.1023 (100-day SMA) and 1.1113 (Jul 31 high). On the other hand, supports are seen at 1.0940 (Aug 3 low), 1.0920 (Jul 31 low) and 1.0893 (Jul 30 low). Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 3, 2015 Author Share Posted August 3, 2015 Gold drops after US consumer spending report FXStreet (Mumbai) - Gold prices dropped into losses on Monday after the data in the US showed personal spending rose at a lower pace in June. Stuck near 5-1/2 year lows The metal is struggling near 5-1/2 year lows as markets believe the Fed is on track to raise interest rates in September. The official data released today showed personal spending growth slowed to 0.2% in June. The report also included downward revisions to the previous month’s personal spending and income figures. Still, the Treasury yields have remained more or less unchanged, indicating the slightly dismal data has not had any effect on the rate hike bets in the US. Moreover, the personal spending has ticked higher in Q2, compared to the slowdown seen in Q1. The metal currently trades 0.48% lower at USD 1089/Oz. Ahead in the day, the prices could be influenced by the US ISM manufacturing index and the sentiment on the Wall Street. Gold Technical Levels The immediate resistance is located at 1100, above which the metal could target 1104.90 (July 27 high). On the flip side, support is seen at 1088 (July 27 low) and 1073.70 (July 24 low). Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 3, 2015 Author Share Posted August 3, 2015 AUD/USD bounces off lows after ISM manufacturing index FXStreet (Córdoba) - AUD/USD bounced from lows and trimmed intraday losses as the greenback receded across the board following US ISM leaked numbers, which came in below expectations. US ISM manufacturing PMI disappoints The Institute for Supply Management’s manufacturing PMI fell to 52.7 from a June reading of 53.5 and below the consensus estimate of 53.5. Meanwhile, the Markit manufacturing PMI for July came in at 53.8, matching expectations. The US dollar weakened slightly with AUD/USD recovering from a low of 0.7762 to the 0.7290 area before finding resistance. At time of writing, the pair is trading at 0.7280, recording a 0.34% loss on the day. AUD/USD vulnerable ahead of RBA decision AUD/USD still trades close to its 6-year low scored on Friday at 0.7234, with the Aussie vulnerable amid low commodity prices and weak Chinese data. The Reserve Bank of Australia will decide on monetary policy on Tuesday, but the bank is expected to maintain key rate unchanged at 2.0%. AUD/USD levels to watch As for technical levels, immediate supports seen at 0.7234 (6-year low Jul 31), 0.7200 (psychological level) and not much until the 0.7100/05 area (psychological level/Apr 24 2009 low). On the other hand, resistances could be found at 0.7317/22 (10-day SMA/Jul 30, Aug 3 highs) and 0.7365 (Jul 31 high). Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 3, 2015 Author Share Posted August 3, 2015 GBP/USD: one to watch this week - UOB FXStreet (Guatemala) - Analysts at UOB Group noted that this week promises to be an interesting one for the UK with the decision of the BoE MPC meeting to be announced, the minutes of the meeting to be released, as well as the August BoE Inflation Report to be published on Thursday. Key Quotes: "BoE Governor Carney will also be presenting his accompanying press conference on the Inflation Report 45-minutes later. After the 9-0 vote last time, markets are expecting a 7-2 vote for no change in rates, with some risk of a 6-3." "Whilst previous dissenting votes have not been a good indicator of a change in policy, and there have been plenty of false starts to the rate hiking cycle in the UK; this time it is a little different, with wage growth climbing for the first time and the unemployment rate down at 5.6%, the lowest since 2008. Even a dove like David Miles seems to be taking a hawkish tack in his latest speeches." Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 3, 2015 Author Share Posted August 3, 2015 USD/CAD revisits highs as oil slumps FXStreet (Córdoba) - USD/CAD rose to fresh 10-year highs on Monday as the loonie weakened in tandem with oil, which dropped more than 3.0% to near $45.00 a barrel. USD/CAD peaked at 1.3175 but pulled back amid profit taking and a softer greenback on the back of disappointing macroeconomic data. However, following a short-lived setback, USD/CAD resumed the rise and it is currently trading at the 1.3160 zone, recording a 0.54% gain on the day. USD/CAD technical levels In terms of technical levels, immediate resistances are seen at 1.3175 (Aug 3 high), 1.3200 (psychological level) and 1.3150 (Aug 31 2004 high). On the downside, supports could be found at 1.3100 (psychological level), 1.3078 (Aug 3 low) and 1.3018 (10-day SMA). Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 4, 2015 Author Share Posted August 4, 2015 Expect further easing by the CBR – Danske Bank FXStreet (Edinburgh) - Strategist Vladimir Miklashevsky at Danske Bank assessed the recent decision by the CBR to cut rates by 50 bp. Key Quotes “The main reasons given by the central bank for the cut were “the considerable cooling of the economy despite a slight increase in inflation risks”. “This reinforces the direction and credibility of monetary policy following the CBR’s U-turn in early 2015 as the economy started to shrink. The CBR reiterated its CPI forecast for June 2016, stating that annual inflation will fall under 7% and reach the 4% target in 2017”. “The statement after the decision again sounded dovish and the CBR emphasized the importance of economic growth in monetary decision making”. “As we expected, this week the CBR stopped its FX purchases once USD/RUB reached 60.00. The rouble strengthened after the halt in purchases then fell after the cut in the key rate to 61.00 against the USD”. “We expect the rouble to weaken moderately in the long run, pricing gradual further rate cuts. We expect fair value to stay around 65.00-68.00 against the USD given the current oil price”. “We expect the CBR to renew its FX purchases to replenish reserve funds if the oil price rebounds and USD/RUB dives under 60.00”. Aug 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 4, 2015 Author Share Posted August 4, 2015 NZD/USD swings back above 0.6600 FXStreet (Mumbai) - The NZD/USD pair halted a five-day decline and swung back higher into the green zone in the European session, with the Kiwi mainly tracking gains from its OZ counterpart after the Reserve Bank of Australia (RBA) left its key rate unchanged while altering its exchange rate view. NZD/USD extends gains from 0.6553 Currently, the NZD/USD pair trades -0.65% higher at fresh session highs of 0.6611, finally conquering 0.66 handle ahead of US open. The NZD/USD pair extends its recovery after the recent weakness as the New Zealand dollar piggy-backed the rebound seen in the Aussie, which lifted commodities currencies across the board. The AUD/USD pair accelerated to near two-week highs after the RBA statement showed that the central bank was more satisfied with the AUD's current value. Moreover, recovery in gold and oil prices also supported the upbeat momentum in the Kiwi pair. Meanwhile, US factory orders and Fonterra’s fortnightly dairy prices auction from New Zealand are expected to remain that main highlights in the New York session. The GDT index price dropped by 10% last fortnight, it was the ninth consecutive fall in prices and came in worse than estimates. NZD/USD Levels to consider To the upside, the next resistance is located at 0.6644 (July 27 High) levels and above which it could extend gains 0.6683 (July 31 High). To the downside immediate support might be located at 0.6556 (July 27 Low) below that at 0.6503 (July 20 Low) levels. Aug 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 4, 2015 Author Share Posted August 4, 2015 Fed, BOE rate hikes pose no risk to financial markets - BOJ's Iwata FXStreet (Mumbai) - Speaking at the Upper House Financial Affairs Committee earlier today, Bank of Japan (BOJ) Deputy Governor Kikuo Iwata noted that increases in the borrowing costs of the US Federal Reserve and the Bank of England do not pose a risk to financial markets and the BOJ will not hike rates to prevent the yen from a steep fall. He also said the BOJ is conducting simulations about how to end its ultra-loose monetary policy, including its purchase of exchange-traded funds, but he declined to provide any specific strategy for the time being. Key Quotes: "I don't see these moves as a risk." "It could be fully priced in. In that case, there wouldn't be much reaction. Central banks conduct monetary policy for price stability, not for currencies." Aug 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 4, 2015 Author Share Posted August 4, 2015 USD/CAD retreats from 1.3180 FXStreet (Edinburgh) - After hitting fresh cycle highs around 1.3180 during the Asian trading hours, USD/CAD has returned to the 1.3130 area ahead of US data. USD/CAD attention to US, CAD data The pair is momentarily snapping a 4-session positive streak following the offered tone around the greenback, which is advancing from last week’s lows in the mid-1.2800s. The persistent weakness around crude oil prices has been heavily weighing on the Canadian dollar as of late, along with the bearish perspectives of the economy, all lifting spot to fresh multi-year tops near 1.3200 the figure overnight. Next of relevance in the pair will be US Factory Orders – expected at 1.8% MoM in June – and Canadian Manufacturing PMI gauged by RBC. USD/CAD relevant levels At the moment the pair is retreating 0.22% at 1.3126 with the immediate support at 1.3103 (low Aug.4) ahead of 1.2940 (low Jul.31) and then 1.2861 (low Jul.29). On the flip side, a breakout of 1.3176 (high Aug.4) would open the door to 1.3200 (psychological level). Aug 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 4, 2015 Author Share Posted August 4, 2015 Canada manufacturing sector slows in July FXStreet (Mumbai) - The seasonally adjusted RBC Canadian Manufacturing PMI dipped from June’s six-month high of 51.3 to 50.8 in July, signalling a slowdown in the economic activity. Key findings “Output growth moderated from June’s six-month high. Renewed fall in employment levels.” “The rate of input price inflation was the fastest for three months, with a number of manufacturers noting higher prices for imported components and raw materials. Increased cost burdens in turn contributed to the most marked rate of factory gate price inflation since February.” As per Paul Ferley assistant chief economist, RBC, “The RBC PMI indicates a second consecutive month of improving business conditions in July though still at a very modest pace and slightly below that achieved in June. As we enter the second half the year, a strengthening U.S. economy and weaker Canadian dollar should provide a greater boost to exports and business conditions for manufacturers.” Aug 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 4, 2015 Author Share Posted August 4, 2015 United States IBD/TIPP Economic Optimism (MoM) came in at 46.9 below forecasts (48) in August FXStreet.com (Barcelona) For more information, read our latest forex news. Aug 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 4, 2015 Author Share Posted August 4, 2015 Greek FinMin says expects bailout talks to be completed in the next days FXStreet (Córdoba) - Greek finance minister Euclid Tsakalotos said he expects talks with the country’s lenders about a third bailout would be completed in the next few days. He said talks on privatization are going better than expected and there were no significant disagreements. Quotes via Reuters: “We have submitted a proposal to them. They said they would examine it and come back to us. There were small divergences in views. I don’t think there will be a problem. Discussions have gone better than I expected”. Aug 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 5, 2015 Author Share Posted August 5, 2015 United States MBA Mortgage Applications: 4.7% (July 31) vs 0.8% FXStreet.com (Barcelona) For more information, read our latest forex news. Aug 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 5, 2015 Author Share Posted August 5, 2015 GBP/JPY buoyed ahead of “Super Thursday” FXStreet (Mumbai) - The bid tone on the GBP recovered once again after, pushing the GBP/JPY back above 194.00 levels ahead of important data events due in the next session, which is being labelled as Super Thursday. Focus on UK Quarterly Inflation Report (QIR) The UK data/event calendar on Super Thursday includes BOE rate decision. Minutes, Quarterly Inflation Report (QIR) – which will be followed by the press conference. However, the market seems focused on the QIR and Carney’s comments, which could offer clues regarding the timing of the interest rate hike in the US. Ahead of the key UK events tomorrow, the cross could be influenced by the US ADP employment report and ISM figure due for release today. GBP/JPY Technical Levels The immediate resistance is located at 194.61 (July 30 high), followed by a major hurdle at 195.88 (June 24 high). On the other hand, support is seen at 193.22 (daily low) and 192.37 (50-DMA). Aug 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 5, 2015 Author Share Posted August 5, 2015 EUR/USD pares losses, recovers to 1.0875 FXStreet (Mumbai) - The single currency sees modest recovery from fresh session lows versus the US dollar in the mid-European session, with EUR/USD still keeping the red below 1.09 handle. The major struggles to recover losses completely as Fed Lockhart’s rate lift-off comments continue to keep the European currency undermined amid the latest chatter surrounding Greece. EUR/USD rises from 1.0849 lows The EUR/USD pair trades -0.10% lower at 1.0870, striving for 1.09 handle. The EUR/USD pair maintains the offered tone, although erased more than half its slide, as the traders continue to favour the US currency ahead of a series of US fundamentals to be published later today. Moreover, the euro remained largely subdued and continued to trade in a tight range on ignoring the upbeat services PMI readings from across the currency bloc and remaining under pressure on the back of a stronger USD. Meanwhile, markets now turn their attention towards US macro updates due later in the New York session as the session ahead is likely to bring more incentives for the pair. EUR/USD Technical Levels The pair has an immediate resistance at 1.0885 (Today’s High) levels, above which gains could be extended to 1.0908 (July 17 High) levels. On the flip side, support is seen at 1.0810 (July 21 Low) below which it could extend losses to 1.0712 (March levels). Aug 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker! Quote Link to comment Share on other sites More sharing options...
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