OctaFX_Farid Posted October 29, 2013 Author Share Posted October 29, 2013 US October 20 Redbook index (MoM) falls 1.3%; (YoY) grows 3.6% Read more in Forex News. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 29,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 29, 2013 Author Share Posted October 29, 2013 US: S&P/Case-Shiller Home Price Indices grow more than expected in August FXstreet.com (Barcelona) - On an annual basis the US S&P/Case-Shiller Home Price Indices increased 12.8% in August, up from the 12.4% growth in July, Standard & Poor's informed on Tuesday. Analysts expected less rise of 12.4%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 29,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 29, 2013 Author Share Posted October 29, 2013 US: Redbook Index fell 1.3% MoM FXstreet.com (Edinburgh) -The Redbook index contracted 1.3% on a monthly basis and expanded 3.6% over the last twelve months in the week ended on May 26, against previous prints at 1.5% and 2.9%, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 29,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 30, 2013 Author Share Posted October 30, 2013 US ADP Employment Change down to 130K in October from 145K Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 30, 2013 Author Share Posted October 30, 2013 EUR/USD glued to 1.3760 on US CPI FXstreet.com (Edinburgh) -The EUR/USD is returning to the comfort zone around 1.3765/70 on Wednesday, after the inflation figures in the US economy came in mixed in September. EUR/USD range intact The pair keeps the intraday range so far, fading the post-ADP attempt to the 1.3780 region, after the US headline CPI banged on estimates advancing 1.2% YoY and 0.2% inter-month. The Core reading, however, advanced 1.7% over the last twelve months, missing the median at 1.8%. In light of today’s FOMC gathering, analysts at Investec commented, “The current policy stance is expected to be maintained, although markets will watch for any changes in the tone of the statement, particularly any dovish comments on the recent downturn in labour market data and disruption caused by the government shutdown, which would lend support to the current risk positive mood”. EUR/USD key levels The pair is now advancing 0.15% at 1.3765 with the next resistance at 1.3818 (high Oct.28) ahead of 1.3833 (2013 high Oct.25) and finally 1.3859 (high Nov.11 2011). On the flip side, a break below 1.3727 (MA10d) would expose the psychological level at 1.3700 followed by 1.3662 (low Oct.22). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 30, 2013 Author Share Posted October 30, 2013 Flash: USD/JPY rebounds from the 4 month uptrend - Commerzbank FXstreet.com (Athens) – Karen Jones Head Technical Analyst of Commerzbank, mentions that the USD/JPY continues to rebound from its 4 month support line at 97.04. Key Quotes “This guards the current October low at 96.55 and the six month support line at 96.00. The market has been contained in a large contracting range for the past 6 months and currently we have no real indication that the market is ready to break down through 96.00, but there is scope to test this level and the downside risk remains.” “Rallies will find minor resistance at 98.48 ahead of 99.01/06 last weeks high.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 30, 2013 Author Share Posted October 30, 2013 US: CPI rose 1.2% in September FXstreet.com (Edinburgh) -The Department of Labour has informed that US consumer prices rose 1.2% on a yearly basis during September, in line with expectations although lower than August’s 1.5%. On a monthly basis, prices advanced 0.2% vs. 0.1% previous. Core CPI, which strips food and energy costs, rose 1.7% over the last twelve months and 0.1% MoM, both prints missed the median at 1.8% and 0.2%, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 31, 2013 Author Share Posted October 31, 2013 Euro continues to slide on sharp inflation drop FXstreet.com (London) - The euro has continued to slide, with a surprise drop in inflation fuelling expectations of a rate cut from the European Central Bank. EUR/USD has fallen 0.80 percent following inflation numbers showing a near four-year low in October. A flash estimate from the European Union's Statistics Office showed that inflation fell to 0.7 percent year-on-year, the first time that it has dropped below 1 percent since February 2010. The flash estimate was a sharp fall from consensus expectations of 1.1 percent. With Eurozone unemployment rates still eye-wateringly high, the drop in inflation has raised expectations of an ECB rate cut, already at 0.5 percent. Spanish unemployment is currently 26.6 percent, with the Eurozone at 12.2 percent. EUR/USD is currently USD1.3617. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 31, 2013 Author Share Posted October 31, 2013 EUR/USD extends losses on strong Chicago PMI The EUR/USD fell to a fresh low as the greenback strengthened on a surprisingly strong US Chicago PMI. EUR/USD nears 1.3600 The Chicago PMI jumped to 65.9 in October from 55.7 the previous month, exceeding expectations (55.9) by more than 10 points. The employment component also rose to 57.7 from 53.2. The EUR/USD took another step lower and printed a low of 1.3602, last seen Oct 17. EUR/USD technical outlook From a technical view, the BBH analyst team noted earlier that only a break below 1.3600 (62% retracement of the October 16-25 rise) would suggest that this is anything more than a corrective dollar bounce. Meanwhile, Valeria Bednarik, chief analyst at FXstreet.com commented that EUR/USD holds a strong bearish tone in short-term charts, suggesting a continuation to 1.3580 next strong support. Bednarik locates next supports at 1.3580 and 1.3540, while she places resistances at 1.3650, 1.3710 and 1.3750. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 31, 2013 Author Share Posted October 31, 2013 USD/CHF a fade or hold, wait and see? FXstreet.com (London) - USD/CHF is a benefactor of the long dollar trade from yesterday and month end could be a supporting factor also. The pair is much higher and has broken key levels. USD/CHF has breached 0.9020 and 0.9050 marking a high of 0.9067 and RSI is now above 70, signifying the momentum has slowed down ahead of the weekend and a new month next week. Derek Halpenny at The Bank of Tokyo-Mitsubishi UFJ said FOMC caution helped to lift the dollar as the FOMC chose to be cautious in its statement after its meeting yesterday with the content avoiding any signal of a downgrade to the outlook for the economy. “Indeed, one would have to conclude that the FOMC is more upbeat having removed the segment on tightening financial market conditions potentially slowing the economy and jobs market going forward. So, essentially, the FOMC is telling us that the easing in financial market conditions (lower yields) is far more important for the outlook of the economy than the 16-day government shutdown and the debt-ceiling brinkmanship. That makes a lot of sense from the perspective that the FOMC always prefers to attach economic fundamental reasons to its decision-making rather than developments in Congress”. USD/CHF Levels The 20 DMA is 0.9027, the 50 DMA is 0.9143 and the 200 DMA is 0.9321. RSI (14) reads 70.39. Supports are ascending from 0.8971, 0.8987, 0.9011, 0.9024 and 0.9050. Spot is currently 0.9054 while resistances are 0.9064 and 0.9098. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 31, 2013 Author Share Posted October 31, 2013 EUR/JPY down 1.2% on days trading FXstreet.com (Barcelona) - Having posted an early Tokyo high at 135.39, EUR/JPY has tumbled today over 1.2%, to post a low at 1.33.66, where spot is currently trading. EUR/JPY technical strength Looking to the FXstreet.com propriatary Indicators, the OB/OS Index and the Trend Index, we can see that the pair is looking oversold and slightly bearish respectively. Hourly RSI is at 17 and the ADX is at 43. The 200-period SMA is right now at 134.5697 and flat. The exponential average closing price for the last 20 days is 133.8873 and is trending sideways. How volatile has the EUR/JPY been? 2-Standard Deviation Volatility Bandwidth is 184 pips and expanding in the hourly chart, while the ATR(14) prints 14 pips. The average movement for this session has been of 11 pips per hour in the last 4 weeks. What are todays key levels? The central pivot point is located at 135.1893. Pivot supports for this pair are to be found at 134.9037 (S1), 134.4808 (S2) and 134.1952 (S3). Conversely, daily pivot resistances for this pair are to be found at 135.6122 (R1), 135.8978 (R2) and 136.3207 (R3). Special attention should be paid to the price range 134.22-134.56 where several technical levels are confluent today. Key Events EUR/USD extends losses on strong Chicago PMI Session Recap: USD holds gains, EUR weighed by data EU October Consumer Price Index (YoY) up 0.7%; Core CPI rises 0.8% EMU: Unemployment Rate unchanged at 12.2% in September, against forecasts OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted October 31, 2013 Author Share Posted October 31, 2013 GBP/USD building within a channel FXstreet.com (London) - GBP/USD is climbing despite a stronger dollar and building a wider ascending channel from the lows of 1.6005 and has reached a high of 1.6070. UK housing data continues to surprise on the upside, rising 1.0% m/m in October (vs. expected 0.7%) according to Nationwide. Meanwhile, the pound might look forward to a weaker dollar as markets digest the implications following the FOMC yesterday. Research teams at BBH explained that despite the knee-jerk positive reaction, the FOMC decision to keep policy steady yesterday should eventually bring back into focus the major negative factor for the dollar. “For now however, the dollar has strengthened, yields went lower, and equities pared some of their gains following the decision. Perhaps the FOMC disappointed those expecting a more dovish tone to the statement”. GBP/USD Levels The 20 DMA is 1.6081, the 50 DMA is 1.5924 and the 200 DMA is 1.5484. RSI (14) reads 43.51. Supports are ascending from 1.5869, 1.5894, 1.5940, 1.5980 and 1.6019. Spot is currently 1.6047 while resistances are 1.6079, 1.6110, 1.6124 and 1.6150. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 1, 2013 Author Share Posted November 1, 2013 Flash: EUR could remain weak in run up to ECB presser - BMO Capital Markets FXstreet.com (Barcelona) - Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets feels that the EUR should remain on the ‘feeble’ side in the run-up to the ECB press conference towards the end of next week, but the EUR weakness now poses a complex problem for the central bank. Key Quotes "The difficulty facing the ECB is to get the EUR devaluation to persist or extend beyond next week’s rate decision. Additional liquidity support is a EUR negative, but to the extent that it triggers more capital inflows or non-existent re-pricing of credit spreads, it can also be a EUR positive too." "Additionally, some participants may still be nestled deep within Euro Area credit markets on expectations that the AQR will be rather smooth and painless." "Aggressive ECB action now might force investors to remain of that view, but we’d be on the other side of that trade on a 3-6-month outlook." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 01,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 1, 2013 Author Share Posted November 1, 2013 EUR/JPY struggles to recapture the 133.00 handle FXstreet.com (Athens) – The EUR/JPY is making its best effort to overcome again the 133.00 area the last couple of hours, but still lacks the uptrend momentum to do so. The EUR/JPY is behaving entirely differently in the European trading hours in relation to its trend shift in the Asian trading session. Briefly, while in Asia mainly due to the sharp fall of the Nikkei index as well as due to the single currency weakening across the board, the cross suffered major losses. Interestingly, in the last couple of hours the cross gained some uptrend momentum trying to move higher, but it is still well capped by 133.00 area. An increasing number of analysts, traders now believe that ECB will cut the rate interest ‘sooner’ than ‘later’; precisely, UBS “expects ECB to cut its interest rates on the 7th November due to yesterday’s muted inflation”. Such a move would probably put the common currency under more pressure, thus would also had a negative impact on the cross. Technical Perspective on the EUR/JPY The cross missed the opportunity to extend its uptrend momentum when on Wednesday reached closely the 2013 peak (135.52), touching the 134.45 level. While, it failed to do so, the probabilities to continue on a downtrend shift are high. The crucial supports are laying at 132.47 (daily low as of 11th October), 132.00 (mainly psychological level) and finally 131.69 (daily low as of 10th October). On the upside, the cross should first of all overcome the first hurdle as of 133.70 (38.2%Fib. of the downtrend move as of 135.45-132.62), in order to focus again the 134.40-134.50 area, where the 100-hourly SMA and 200-hourly SMA are laying. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 01,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 1, 2013 Author Share Posted November 1, 2013 Flash: AUD/USD may get a further support from China PMI – OCBC FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that early this morning, the AiG manufacturing index improved to 53.2 in Oct 13 from 51.7 the previous month and the pair may get a further layer of support from the better than expected China manufacturing PMI. Key Quotes “We however would refrain from chasing the AUD/USD higher at this juncture and any failure to re-take 0.9500 continues to risk a relapse back towards 0.9400/20.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 01,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 1, 2013 Author Share Posted November 1, 2013 AUD/USD clings to gains FXstreet.com (Córdoba) - The AUD/USD failed to extend its recovery attempt above 0.9500 and was confined to a phase of consolidation Friday. The AUD/USD is attempting to recover some ground after a 7-day losing streak, although the Aussie lacks real strength and moves are mainly corrective. The AUD/USD climbed to a high of 0.9489 only to find resistance and pull back to currently trade around 0.9470, still 0.2% above its opening price. AUD/USD technical levels In terms of technical levels, if the AUD/USD breaks decisively above the 0.9490/0.9500 zone, next resistances could be found at 0.9525 (Oct 31 high) and 0.9575 (Oct 29 high). On the other hand, supports are seen at 0.9440 (Nov 1 & Oct 30 low) and 0.9400 (psychological level). Nov 01,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 3, 2013 Author Share Posted November 3, 2013 China Non-manufacturing PMI improves to 56.3 in October from 55.4 Read more in Forex News. Nov 03,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 4, 2013 Author Share Posted November 4, 2013 Flash: GBP/USD lower on US data and profit taking - Investec FXstreet.com (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec notes that GBP/USD also moved lower on Friday last week after upside surprises to US data and a general profit taking. Key Quotes “We saw GBP/USD race lower through the ever important physiological level 1.6000, as the first batch of October US data (from during the shutdown period) and strong manufacturing sector data showed the US economy was in better shape than many had expected.” Nov 04,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 4, 2013 Author Share Posted November 4, 2013 USD/CAD downwards; struggles to remain above the 1.0400 handle FXstreet.com (Athens) – The USD/CAD is heading south the past hour, continuing the bearish tone that has picked up since the past Thursday. The USD/CAD is under heavy pressure the last hour – without any real fundamental trigger – as the immense drop on Thursday seems to continue to weigh on. Ahead of, we will witness a crucial week for both currencies, as apart from the major US news (ISM,NFP), there is a hefty of Canadian news. Briefly, regarding Canada, on Friday we will have the release of October employment where the market in looking for a flat print as well as the October housing starts. What’s more, the Ivey PMI is due on Wednesday. Technical Aspects on the USD/CAD As above depicted, the solid Thursday’s drop still continues to set up a bearish tone. However, the cross might clearly break the 1.0360-1.0367 area where a confluence of major supports are laying (30-daily MA at 1.0361, 24th October low as of 1.0366) in order to say that it is in a downtrend reversal mode. Marc Chandler, Global Head Strategist of Currency Market Team, suggests that “….Yet the Canadian dollar is not very inspiring. It has been in a broad range for several months. Look for narrow CAD1.0350-CAD1.0450 range to dominate until toward the end of the week. Both countries report Oct employment data on Nov 8.” Nov 04,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 4, 2013 Author Share Posted November 4, 2013 GBP/USD at daily highs ahead of the NY open FXstreet.com (Córdoba) - The GBP/USD is taking a breather Monday, recovering some ground after recent drop found support ahead of 1.5900. GBP/USD bottomed out at 1.5902 during the Asian session but managed hold above mid-October lows and bounced, supported by upbeat UK construction PMI. GBP/USD climbed nearly 70 pips from lows and reached a high of 1.5971 before losing momentum and settling in a slim range. GBP/USD technical levels At time of writing, the GBP/USD is trading at the 1.5965 area, recording a 0.3% gain on the day with immediate resistances lining up at 1.5971 (daily high), 1.6000 (psychological level) and 1.6017 (100-hour SMA). On the flip side, supports are seen at 1.5902/00 (daily low/psychological level) and 1.5893 (Oct 16 low). Nov 04,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 4, 2013 Author Share Posted November 4, 2013 USD/CAD dips are another chance to get long? FXstreet.com (London) - USD/CAD’s short-term charts are flashing some mixed signals so far today. Research teams at TD Securities explain that in the negative column, the loss of support in the 1.0420 zone confers a softer look to short-term price action. “Additionally, short-term trend momentum signals are bearish but not especially strong at present. On the positive side, USD losses so far have been limited and the market may simply be consolidating last week’s pop to the high 1.04s (bull wedge or bull flag signal potentially unfolding)”. They said that they can’t rule out a little more weakness here near-term to retrace some of last week’s rally but they rather think that losses will remain contained to the mid/upper 1.03 area for the moment. “The daily trend oscillators are still bullish for USD/CAD and in contrast to the negative signal on the short-term chart noted above. They explained that the medium-term trend in USD/CAD remains higher, as does the shorter-term (daily) trend so they rather think near-term weakness is likely to remain limited and that dips will offer USD buyers another chance to get long. USD/CAD Levels The 20 DMA is 1.0377, the 50 DMA is 1.0376 and the 200 DMA is 1.0282. RSI (14) reads 43.52. Supports are ascending from 1.0340, 1.0366 and 1.0384. spot is 1.0411 while resistances are 1.0419, 1.0454, 1.0464, 1.0497 and 1.0505. Nov 04,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 4, 2013 Author Share Posted November 4, 2013 AUD/USD remains just within the 0.9500 handle FXstreet.com (London) - >="">AUD/USD has held form in the US session with the pair above 0.9500 and up 0.74% at 0.9505, off from the lows in 0.9439 and marking a high of 0.9516. Research teams at TD Securities noted that Retail sales rose +0.8%/mth, doubling mkt expectations and volumes jumped +0.7%/qtr, a strong start to Q3 GDP. This report will be welcomed by the RBA as a fresh source of “non-mining” growth, complementing the acceleration in building approvals (+6%/qtr in Q2 and +8%/qtr in Q3), signaling that a housing construction cycle is also underway”. Rates are widely expected to remain unchanged even while all the economic data signals a recovery and the RBA’s increased vigilance as regards rising house prices and high private household debt points towards an end of rate cuts. However, in order to help prevent the increasing appreciation pressure on the AUD, the rong>RBA may wish to keep a low profile regarding the rate outlook. AUD/USD Levels The 20 DMA is 0.9535, the 50 DMA is 0.9364 and the 200 DM is 0.9714. RSI (14) reads 35.12. Supports are ascending from 0.9334, 0.9389, 0.9410, 0.9430 and 0.9480. Spot is 0.9508 while resistances are coming in at 0.9530, 0.9556, 0.9585 and 0.9624. Nov 04,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 5, 2013 Author Share Posted November 5, 2013 GBP/USD looking for a close in the 1.6000’s FXstreet.com (London) - GBP/USD has had a bounce from 1.5860/90 support and is up 0.41% at 1.6041. GBP/USD would be looking for a close above 1.5980 for a broader move in the 1.6050/75 area while on the data, services PMI were in line with consensus. The NIESR report suggests the BOE may not wait for 7% unemployment before hiking and this too has had some impact. ISM Non-Manufacturing PMI (Oct) are coming up from the US a little later on while the market anticipates BoE Thursday and NFP’s at the end of the week. Key supports remain in the September break up points, 1.5935 1.5894 and 1.5844. GBP/USD Levels The 20 DMA is 1.6064, the 50 DMA is 1.5948 and the 200 DM is 1.5487. RSI (14) reads 77.46. Supports are ascending from 1.5829, 1.5844, 1.5869, 1.5894, 1.5935, 1.5977, 1.5999 and 1.6015. Spot is currently 1.6041 and resistances are 1.6046 and 1.6079. Nov 05,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 5, 2013 Author Share Posted November 5, 2013 欧洲央行康斯坦西奥：欧洲银行业有在不加剧“大而不倒”问题的同时进行一些整固的空间 Forex21.cn—欧洲央行康斯坦西奥：欧洲银行业有在不加剧“大而不倒”问题的同时进行一些整固的空间。 ** Forex21.cn 新闻编辑部，FXstreet.com ** Nov 05,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted November 5, 2013 Author Share Posted November 5, 2013 Flash: AUD is uncomfortably high – Rabobank FXstreet.com (London) - Jane Foley, Senior Currency Strategist at Rabobank said that the RBA Governor Stevens was again successful in talking down the AUD overnight. Key Quote: “Although the decision by the RBA to leave rates on hold was expected by the market, the comment that the AUD was “uncomfortably high” succeeded in undermining the currency”. “On balance we expect that while hopes that the Fed will delay tapering could support AUD/USD on a 3 month view that the AUD will be vulnerable into 2014”. “On a 12 month view we see risk that AUD/USD could revisit this year’s low in the 0.88 region”. Nov 05,2013 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.