OctaFX_Farid Posted August 5, 2014 Author Share Posted August 5, 2014 GBP/USD falls on Moody's downgrading the outlook for UK's banking system - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the rally in GBP/USD to 1.6888 seen in the European morning, on better than expected UK data, was reversed by Moody's announcement of changing the outlook for UK's banking system from stable to negative. Key quotes "The pair gave back most of its intraday gains, with the hourly chart showing price struggling around its 20 SMA and indicators heading lower, approaching their midlines." "In the 4 hours chart indicators corrected oversold readings, but now retrace from their midlines, while price halted a couple pips below the 23.6% retracement of the latest bearish run, suggesting upward potential is limited." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 5, 2014 Author Share Posted August 5, 2014 USD/CHF hits fresh 6-month highs FXStreet (Córdoba) - The USD/CHF rose further after Wall Street opening bell and climbed to 0.9110, reaching levels not seen since January 23, slightly above last week highs. Afterwards pulled back and currently is hovering around 0.9100, up 0.37% for the day. Greenback is among the best performers across the board, after rallying in the last hours following better-than-expected US economic data. USD/CHF levels to consider To the upside, immediate resistance lies at 0.9110 (daily high) and above here at 0.9125/30 and 0.9155 (January highs). To the downside, support might be located at 0.9070/75 and below at 0.9050/55. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 5, 2014 Author Share Posted August 5, 2014 United States 4-Week Bill Auction down to 0.02% from previous 0.03% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 6, 2014 Author Share Posted August 6, 2014 US: Trade deficit (Jun) shrunk to $41.54 billion FXStreet (Edinburgh) - The Commerce Department has informed that the trade deficit shrunk to $41.54 billion during June from $44.66 billion in the previous month (revised). The print however exceeded the median at $44.70 billion. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 06, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 6, 2014 Author Share Posted August 6, 2014 Ukraine woes rise again spooking markets Investor sentiment has been dropping this week, as reports of Russia building up forces close to Ukraine's border renewed concerns about a possible invasion. Despite signals from Polish and Ukrainian leaders that such moves suggest intentions of an incursion on Ukraine's territory, the Interfax news agency said Moscow dismissed the accusations as "groundless." Also NATO officials said on Wednesday in a statement that the amassing of Russian troops at the Ukrainian border was a worrying sign. NATO spokeswoman Oana Lungescu expressed worries that Putin could use "the pretext of a humanitarian or peace-keeping mission as an excuse to send troops into Eastern Ukraine." Later on Wednesday also the US Defense Secretary Chuck Hagel said that the possibility of Russia invading Ukraine was growing. Under the circumstances investors turned to save haven assets such as gold which jumped above the critical $1,300 mark. Stocks in Europe, US and Asia dropped on concerns over the possible Russian invasion. The ruble as well as Russian government bonds have been under rising pressure since the beginning of the week. RUB fell by 1.2% since Tuesday, following Moscow's threat that it would retaliate against Western sanctions by blocking European airlines' flights over the Russian territory. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 06, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 6, 2014 Author Share Posted August 6, 2014 GBP/USD under pressure after another round of negative data - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the GBP/USD remains under pressure on Wednesday following the release of disappointing UK Industrial Output numbers. Key quotes "The hourly chart however, shows indicators bouncing from oversold levels still in negative territory, while 20 SMA presents a mild bearish slope above current price." "In the 4 hours chart indicators stand flat in neutral territory, while price stands right below an also flat 20 SMA, giving little clues on upcoming direction." "For the most, the pair maintains a heavy tone, albeit some follow through below 1.6802 recent low is required to confirm a new leg down in the pair." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 06, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 6, 2014 Author Share Posted August 6, 2014 EUR/GBP edges higher but lacks momentum FXStreet (Córdoba) - The EUR/GBP edged a tad higher following the UK GDP estimation release, but remained well within today’s range and off the highs scored earlier during the European session. The latest recovery attempt was capped by the 0.7945 zone sending the EUR/GBP back to the 0.7920 zone before resuming the climb driven by GDP data. UK economy grew 0.6% in the 3 months to July, according to NIESR estimation. EUR/GBP technical levels At time of writing, the EUR/GBP is trading at 0.7940, 0.25% above its opening price, with immediate resistances seen at 0.7944 (Aug 6 high) and 0.7965 (Aug 5 high), while supports line up at 0.7915/3 (Aug 6 & Jul 31 lows) and 0.7900 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 06, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 7, 2014 Author Share Posted August 7, 2014 Mexico Headline Inflation up to 0.28% in July from previous 0.17%/B] Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 07, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 7, 2014 Author Share Posted August 7, 2014 BoE on hold on muted wages and uncertain amount of slack in labor market - ING/B] FXStreet (Łódź) - James Knightley from ING suggests that the BoE was content to leave policy unchanged at the August meeting despite satisfactory UK GDP growth, due to the fact that at the same time wages remain muted and the amount of slack in labor market is still uncertain. Key quotes "We would expect to see one, possibly two members of the MPC having voted for a rate hike at today’s meeting, but we won’t find that out until the minutes are released on August 20." "Given we don’t expect any significant loss of momentum for the UK economy over the rest of the year we favour a November rate hike from the BoE with very slow and steady additional tightening of perhaps 25bp per quarter thereafter." "Indeed, we have to remember the comments from the June BoE minutes stating that they were surprised about the low probability the market was attaching to a rate rise before year-end." "The risks to this view are that sterling strengthens more aggressively than we anticipate, which is also linked to the potential for a weaker Eurozone backdrop and a vote in favour of Scottish independence, which would likely lead to market volatility and economic uncertainty. " OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 07, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 7, 2014 Author Share Posted August 7, 2014 GBP/USD: holds short-term negative perspective - Scotiabank FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank notes that the GBP/USD holds short-term bearish perspective, although she warns uncertainty over the GBP outlook is building. Key Quotes “GBP is essentially flat as the BoE left all policy measures on hold, with interest rates at 0.5%. Next week’s Inflation Report (August 13th) will provide clarity on how the BoE’s views are unfolding and is a major hurdle for GBP, followed by the release of today’s minutes on August 20th”. “GBP/USD short‐term technicals: bearish ‐ however the test down to 1.6786 that we expected is proving a challenge with the European session warning of building uncertainty over the outlook for GBP”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 07, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 7, 2014 Author Share Posted August 7, 2014 USD/JPY retreats and approaches 102.00 FXStreet (Córdoba) - The USD/JPY weakened after Wall Street opening bell and recently printed a fresh session low at 102.10. The pair currently trades at 102.04, near the bottom of the American session buts still a few pips above yesterday's closing price. The pair found resistance earlier at 102.45 and lost upside momentum. Better-than-expected data in the US, with a decline in initial jobless claim didn’t push the pair to the upside. USD/JPY levels to consider For the coming hours, the immediate support below 102.10, lies at 102.00 an below here at 102.85 and 101.75/80 (August 6 low). To the upside,immediate resistance now could be seen around 102.20 and above between 102.35 - 102.45 (daily highs). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 07, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 Canada Net Change in Employment below forecasts (20K) in July: Actual (0.2K) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 BoE's August Inflation Report expected to provide details on rate hike timing - RBS FXStreet (Łódź) - Ross Walker, Senior UK Economist at RBS suggests that BoE's BoE's August Inflation Report, due out on Wednesday, should contain guidance on the possible timing of the first rate hike. Key quotes "It is time to get 'back to basics' by providing a clearer, less convoluted form of policy signaling via a renewed focus on the CPI central projection." "The key inputs into the August forecast – trends in GDP, inflation, market interest rates, the exchange rate, oil prices – suggest a largely unaltered CPI central projection (ie, a 5-10bp undershoot at the 2-3 year horizon)." "This is our central case and would nudge the risks towards February 2015 for the first rate hike, while any rise in the CPI projection (and certainly any overshoot of the target) would suggest the first hike is coming in November 2014." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 Morgan Stanley staying short EUR/USD - eFXnews FXStreet (Łódź) - The eFXnews team remark that Morgan Stanley remains bullish on the USD following the recent string of better than expected US data. Key quotes "Barring the safe-haven flows supporting US fixed income currently, money market normalization in the US has begun, in our view." "'FOMC voting member Fisher’s comments point to an increasing debate within the Fed about bringing forward the first rate hike – we expect US front-end yields to normalize, MS projects'." "US data have been strong across the board and now the missing piece for more hawkish Fed policy is higher wages. Wages have stayed at a muted 2% YoY level, which is too low for the Fed given its 2% inflation target." "'Markets will stay tuned, with inflation indicators staying particularly in focus ,' MS argues." "MS maintains a short EUR/USD position in its strategic portfolio from 1.3620 with a profit-stop at 1.35, and a target at 1.31." "As a short-term recommendation, MS enters a fresh short today from 1.34, with a stop at 1.3460, and a target at 1.31." '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 Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 United States Wholesale Inventories came in at 0.3% below forecasts (0.6%) in June Read more in Forex News[/b] OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 Wall Street up, USD down FXStreet (Córdoba) - US equities are rising modestly on Friday while European markets finished lower. In Wall Street the Dow Jones was up 0.40% and the Nasdaq 0.16%. In Europe, the FTSE 100 lost 0.46% while the Dax retreated 0.33%. On the positive side, the FTSE MIB gained 0.33% and the Ibex 35 rose 0.26%. Among currencies, the Euro and the Swiss Franc are rising across the board while the Pound is plunging. The US dollar is little change versus the Aussie and the Kiwi, while the Canadian dollar dropped following employment data from Canada. Crude oil and gold are flat. The yellow metal pulled back after hitting fresh highs above $1,320 and was trading at $1,313 while the barrel holds around $93.75. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 GBP/USD testing the bulls commitment’s FXStreet (Guatemala) - GBP/USD is trading at 1.6773, down -0.35% on the day, having posted a daily high at 1.6836 and low at 1.6767. GBP/USD continues to slide and analyst at HSBC suggested that the USD is the next currency getting ready for lift-off. “We are getting to the point where tapering is coming to an end and uncertainty is replacing certainty. This should lead to increased speculation regarding US rate rises”. From a technical point of view, Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained, "GBP/USD short‐term technicals: bearish—all signals point to downside risk and today’s ability of spot to fall to a fresh two‐month low warns of building downside momentum. Support lies at 1.6800; while resistance lies at the 100‐day MA at 1.6875." GBP/USD Levels With spot trading at 1.6774, we can see next resistance ahead at 1.6798 (Daily Classic S2), 1.6808 (Hourly 20 EMA), 1.6822 and 1.6822. Support below can be found at 1.6774 (Daily Classic S3), 1.6767 (Daily Low), 1.6756 (Weekly Classic S1), 1.6690 (Weekly Classic S2) and 1.6645 (Daily 200 SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 EUR/JPY rebounds sharply from 8-month lows FXStreet (Córdoba) - The EUR/JPY reversed dramatically and turned to the upside. During the Asian session fell to 135.70 hitting the lowest price since November 2013 but then recovered ground and rose back above 136.00. On European hours continued moving to the upside and recently spiked higher, climbing to 136.85. Price remains near daily highs ahead of the end of the week, up 45 pips for the day. The EUR/JPY is erasing yesterday's losses and is gaining ground for the first time in a week, but still down for where it was seven days ago. With the recent recovery the pair has been able to avoid the lowest weekly close in 8-months. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 8, 2014 Author Share Posted August 8, 2014 China in focus and of great interest – BAML FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch noted events around China of which have been of great interest in markets of late. Key Quotes "China economic data have been closely watched by market participants, as investors try to explain changes in the data, and, more importantly, extrapolate the implications for asset prices. In this piece, we explore the long-term relationship between rates and economic activities. We summarize our conclusions below." "1. The front-end of the curve (2y NDIRS) leads most economic activities (especially financing activities) by one to two quarters. Changes in front-end rates Granger cause changes in economic activities." "This means when the PBOC eases, activity tends to recover with a one or two quarter lag, and vice versa. In contrast, the belly of the curve (5y NDIRS) does not seem to correlate closely with economic activities." "2. The back-end of the curve (10y CGB) moves with the CPI in the same direction, but does not correlate strongly with other economic variables as most people have thought. Expectations on the front-end also matter to the back-end." "3. The curve slope (2s5s) exhibits a strong positive correlation with economic activities, with no meaningful lead or lag. This suggests 2s5s NDIRS should continue to steepen alongside better growth momentum, which our economist predicts." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 08, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 13, 2014 Author Share Posted August 13, 2014 Geopolitical tensions weigh on sentiment – Danske Bank FXStreet (Edinburgh) - Pernille Nielsen, Senior Analyst at Danske Bank, signaled the situation en Ukraine continues to be a critical factor for markets’ sentiment. Key Quotes “Yesterday most equities declined as uncertainty about Ukraine returned after Russia sent 280 trucks carrying what it said was humanitarian aid for eastern Ukraine”. “Kiev said any unilateral attempt to deliver aid would be viewed as an act of aggression”. “The risk sentiment was affected by a new decline in the German ZEW expectations”. “Despite the recent weakness in data, Bundesbank President Weidmann said yesterday that the central bank sticks more or less to its forecast (GDP of 1.9% in 2014 and 2% in 2015)”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 13, 2014 Author Share Posted August 13, 2014 United States Retail Sales (MoM) below expectations (0.2%) in July: Actual (0%) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 13, 2014 Author Share Posted August 13, 2014 EUR/USD jumps to 1.3400 post US retail sales FXStreet (San Francisco) - the Euro accelerates its gains versus the US Dollar as the pair reacted positive after the weaker than expected US retail sales data. The EUR/USD jumped around 50 pips post data to trade above the 1.3400 area and price t daily highs around 1.3405. US dollar is trading under pressure as data, unchanged in July, was below 0.2% rise expected by market. Currently, EUR/USD is trading at 1.3398, up 0.22% on the day, having posted a daily high at 1.3407 and low at 1.3342. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. EUR/USD sentiment "Small offers are seen at 1.3495/00 but another batch of stops are seen just above that level. If triggered, the familiar 1.3430/50 zone becomes the next battle ground," Jamie Coleman from FXBeat comments. "A move through that area should prompt a test of the downtrend at 1.3480." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 13, 2014 Author Share Posted August 13, 2014 Adjustments to CPI projections the highlight of BoE's August Inflation Report - RBS FXStreet (Łódź) - The RBS team of analysts believe that the most important takeaway from the BoE August Inflation Report was the fact that the MPC lowered the inflation forecast at 2-year point (1.77% from 1.89%) and barely altered at 3-year point (1.96% vs 1.95%). Key quotes "So a slightly larger undershoot over the policy-sensitive 2-3 year forecast period as a whole, but an essentially unchanged/at-target forecast at 3-years." "There was no change to the (neutral) skew of the forecast." "Overall, this gives the Report a marginally dovish feel. " "At any rate, had the MPC been materially closer to raising Bank Rate then we would have expected a higher CPI projection." "A high degree of uncertainty surrounds the timing of the first hike but we feel marginally more confident about our forecast for the first Bank Rate rise to come in February 2015 than we had done prior to the August Report." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 13, 2014 Author Share Posted August 13, 2014 USD/CHF completes 60-pip decline to 0.9040 FXStreet (San Francisco) - The USD/CHF is extending its decline from 0.9100 area and following the US retail sales, the pair fell to 0.9040 where the USD found some buying interest. Now it is at 0.9055. The USD/CHF is joining its negative correlation with the EUR/USD as the unique currency jumped to trade above 1.3400 level just after weaker than expected data. Currently, USD/CHF is trading at 0.9056, down 0.23% on the day, having posted a daily high at 0.9100 and low at 0.9040. USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. USD/CHF levels If the pair holds above 0.9040, next resistances would 0.9070 and 0.9100. On the downside, pair will face supports at 0.9040, 0.9030 and 0.9015. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted August 13, 2014 Author Share Posted August 13, 2014 BoE's August Inflation Report resolutely dovish - TD Securities FXStreet (Łódź) - Richard Kelly and Jacqui Douglas, TD Securities economists believe that the BoE August Inflation report today conveys MPC's reluctance to hike rates in the nearest future. Key quotes "The August Inflation Report was resolutely dovish when it came to handicapping odds of a 2014 hike, but did suggest more conviction on broader recovery and scope to start tightening next year." "BoE suggests spare capacity higher than expected and lowered GDP and inflation forecasts." "We remain comfortable with our forecast for the first hike to come in February 2015, if anything the odds shift slightly later, rather than sooner, and the tone today suggests we may have had no dissent to hike in August." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 13, 2014 OctaFX.Com News Updates Quote Link to comment Share on other sites More sharing options...
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