OctaFX_Farid Posted December 4, 2013 Author Share Posted December 4, 2013 US ADP Employment Change increase to 215K in November Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 03,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 4, 2013 Author Share Posted December 4, 2013 USD/CAD leaves rates unchanged FXstreet.com (London) - USD/CAD has been at the highest levels since Oct 2011 and these levels have been underpinned by the BoC but Us data has disappointed. BoC is expected to deliver a Dovish bias and preserve the same tone as introduced in their last meeting. Meanwhile, ISM non-manufacturing did not extend its recent strong performance in Nov, coming in lower at 53.9 vs the 55.0 consensus. Oct new home sales to come in at 444K vs 432 consensus . Strategists at TD Securities sight further US data ahead and said, “Finally, we look for the Beige Book report to more closely reflect the Fed’s recent “glass half full tone””. USD/CAD Levels The 20 DMA is 1.0512, the 50 DMA is 1.0424 and the 200 DMA is 1.0331. RSI (14) reads 54.69. Supports are ascending from 1.0516, 1.0559, 1.0590 and 1.0631. Spot is 1.0687 with resistances at 1.0673, 1.0721, 1.0745 and 1.0781. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 04,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 5, 2013 Author Share Posted December 5, 2013 Spanish 3-year bond yield ticks up at auction FXstreet.com (Łódź) - The Spanish Tesoro Público held a debt auction on Thursday during which it sold 3- and 5-year bonds. 1,275 million euros of 3-year bonds were auctioned at an average yield of 2.182%, compared with 2.101% seen at the previous auction. 2,249 million euros worth of 5-year bonds, were sold at an average yield of 2.722% down from the previous 2.875%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 05,2013 OctaFX.Com News Updates BoJ's Kuroda: Easy policy will remain until inflation target sustainably achieved FXstreet.com (Łódź) - BoJ Governor Haruhiko Kuroda, who spoke at an economic forum in Tokyo on Thursday, said that the central bank's 2% inflation target would be reached toward the fiscal year 2015. Until then the current easy monetary policy would be maintained, he assured. "Public inflation expectations will gradually heighten, and the economy will steadily proceed toward 2 percent inflation," Kuroda said. The BoJ governor added that the Japanese economy was on track, in line with forecasts. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 05,2013 OctaFX.Com News Updates AUD/USD settles at mid-range ahead of US data FXstreet.com (Córdoba) - The AUD/USD failed to extend its recovery beyond the 0.9055 area and pulled back instead, falling into the red during the European session. Disappointing Australian trade balance didn't help the Aussie, which has been under heavy pressure for over a month as the RBA has expressed its discomfort with a strong currency. The AUD/USD dipped below 0.9000 yesterday and hit a 3-month low of 0.8997 before bouncing. However, the recovery didn't last as the former support area at 0.9055 offered resistance. AUD/USD technical levels At time of writing, the AUD/USD is trading at the 0.9030 zone, virtually unchanged since opening ahead of the next string of US data, including the GDP revision. In terms of technical levels, if the AUD/USD breaks decisively below 0.9000/0.8997, next supports are seen at 0.8971 (Sep 3 low) and 0.8923 (Sep 2 low). On the flip side, resistances could be found at 0.9055 (daily high) and 0.9100 where the 10-day SMA reinforces the psychological level. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 05,2013 OctaFX.Com News Updates EUR/USD erases gains ahead of ECB FXstreet.com (Córdoba) - After hitting a fresh 1-month high Thursday, the EUR/USD came under pressure and completely erased intraday gains as investors gear up for the European Central Bank policy decision. EUR/USD dips below 1.3600 The EUR/USD found resistance at 1.3638 and slid all the way back to opening levels amid comments about delays to Greek next tranche of loans. At time of writing, the EUR/USD is trading at the 1.3590 zone, where it is virtually unchanged on the day ahead of the ECB decision and a raft of US data, including the 2nd estimate of Q3 GDP. "The Central Bank is expected to remain on hold today after cutting rates last month. Consensus suggests Mr. Draghi will likely maintain its dovish tone, and doors open for further stimulus if required", said Valeria Bednarik, chief analyst at FXstreet.com. EUR/USD technical levels "Technically, the EUR/USD holds a positive tone despite the range", says Bednarik. As for technical levels, the EUR/USD could find next resistances at 1.3640 (daily high) and 1.3700 (psychological level) ahead of 1.3739 (Oct 31 high). On the flip side, supports are seen at 1.3579 (daily low and 100-hour SMA) and 1.3524 (Dec 3 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 05,2013 OctaFX.Com News Updates EUR/USD erases gains ahead of ECB FXstreet.com (Córdoba) - After hitting a fresh 1-month high Thursday, the EUR/USD came under pressure and completely erased intraday gains as investors gear up for the European Central Bank policy decision. EUR/USD dips below 1.3600 The EUR/USD found resistance at 1.3638 and slid all the way back to opening levels amid comments about delays to Greek next tranche of loans. At time of writing, the EUR/USD is trading at the 1.3590 zone, where it is virtually unchanged on the day ahead of the ECB decision and a raft of US data, including the 2nd estimate of Q3 GDP. "The Central Bank is expected to remain on hold today after cutting rates last month. Consensus suggests Mr. Draghi will likely maintain its dovish tone, and doors open for further stimulus if required", said Valeria Bednarik, chief analyst at FXstreet.com. EUR/USD technical levels "Technically, the EUR/USD holds a positive tone despite the range", says Bednarik. As for technical levels, the EUR/USD could find next resistances at 1.3640 (daily high) and 1.3700 (psychological level) ahead of 1.3739 (Oct 31 high). On the flip side, supports are seen at 1.3579 (daily low and 100-hour SMA) and 1.3524 (Dec 3 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 05,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 5, 2013 Author Share Posted December 5, 2013 GBP/JPY holds below 167.00 after BoE FXstreet.com (Córdoba) - The GBP/JPY was barely affected by the BoE decision to keep its monetary unchanged with the main rate at 0.5% and the QE at £375 billion. GBP/JPY contained by 200-hour SMA The GBP/JPY continued to trade below 167.00 after the announcement near daily lows at the 166.80 zone, recording a 0.5% decline on the day, having hit a low of 166.61 earlier on the day where the 200-hour SMA helped to contain the drop. GBP/JPY technical levels In terms of technical levels, the GBP/JPY could found immediate supports at 166.61 (daily low) and 166.47 (10-day SMA) ahead of 166.00 (psychological level). On the flip side, resistances are seen at 167.00 (psychological level) and 167.75 (daily high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 05,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 6, 2013 Author Share Posted December 6, 2013 UK: Consumer Inflation Expectations rise 3.6% FXstreet.com (Barcelona) - UK consumers expect the price of goods and services to grow by 3.6% during the next 12 months, compared with the previous forecast of +3.2%, the BoE informed on Friday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 06,2013 OctaFX.Com News Updates EUR/USD range trading ahead of NFPs FXstreet.com (Barcelona) - EUR/USD has settled down from ECB led movement and is now range trading between 1.3674-50, and presently at 1.3672. EUR/USD settles down into range following ECB comments The ECB’s Nowotny and Coeure caused a stir in EUR/USD this morning, with Nowotny saying that Eurozone inflation expectations were stable, with no need for immediate action, and the recession is over, while Coeure added that there is no strong case for more fiscal centralization beyond banking supervision. However, movement was short lived, with spot losing momentum and settling into a range prior to today’s NFPs. What does EUR/USD sentiment look like? The hourly OB/OS Index is neutral while the FXstreet.com Trend Index is slightly bullish. The RSI reads 61 at the moment and the ADX is at 27. Presently the 200-period SMA is at 1.3588 and sloping higher while the exponential average closing price for the last 20 days is neutral at 1.3558. What are today’s key levels? Matt Bacon-Hall of FXBeat comments that resistance for the pair can be seen at “1.3770 Model buy stops commence, 1.3760 Prop offers, 1.3720 buy stops commence for prop accounts, & 1.3680-00 corporate offers”, and support below at “1.3590-00 Corporate bids, 1.3520-30 Macro bids, 1.3490 Sell stops commence, 1.3450-60 option bids. Today’s central pivot point is at 1.3630, with support below at 1.3582 (S1), 1.3495 (S2) and 1.3447 (S3) and resistance above at 1.3717 (R1), 1.3765 (R2) and 1.3852 (R3). The range between 1.3658-3692 is showing several technical levels as clustering there. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 06,2013 OctaFX.Com News Updates AUD/USD treads water ahead of NFP FXstreet.com (Córdoba) - The AUD/USD managed to recover ground and erased intraday losses in quiet trade ahead of the US NFP report. The AUD/USD bounced from daily lows and advanced toward the 0.9065 area during the European session although momentum was lacking as investors refrain from taking bug positions ahead of the US Government employment report. Expectations point for a 180K jobs gain in November following the 204K printed in October. The AUD/USD is staging a mild recovery from a 3-month low of 0.8997 scored Wednesday but it remains vulnerable as the RBA has expressed its discomfort with a strong currency. AUD/USD technical levels At time of writing, the AUD/USD is trading at the 0.9060 area, virtually unchanged since opening. As for technical levels, the AUD/USD could find immediate resistances at 0.9076 (Dec 5 high) and 0.9092 (200-hour SMA). On the other hand, supports are seen at 0.9035 (daily low) and the 0.9000/0.8997 area (psychological level/Dec 4 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 06,2013 OctaFX.Com News Updates Flash: GBP/USD near term uptrend eroded - Commerzbank FXstreet.com (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank notes that GBP/USD has eroded its near term trend line support at 1.6344, and downside risks are growing. Key Quotes “Key nearby support are the previous highs seen at 1.6255/59 and while above here we are unable to rule out scope for a move to 1.6634/1.6735. Currently intraday charts are giving conflicting signals but we continue to favour the downside.” “Key near term support is the 1.6259/55 previous highs from October, as failure here will cast attention back to the 5 month uptrend at 1.6064. A close below here will re-target the 1.5855 November low.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 06,2013 OctaFX.Com News Updates USD/JPY settles in a range FXstreet.com (Córdoba) - The USD/JPY entered in a consolidative phase during the European session as the 200-hour SMA halted the advance. As investors gear up for the US nonfarm payrolls with consensus pointing for a 180K gain, the USD/JPY settled in a tight range in the lower 102's, where it has spent the last hours. At time of writing, the USD/JPY is trading at the 102.10 area, recording a 0.3% gain on the day, having peaked at 102.21. USD/JPY technical outlook From a technical perspective, Stoyan Mihaylov, analyst at DeltaStock.com noted "The outlook is still bearish, for 100.50 major support. Only a violation of 102.82 high will signal a reversal of the slide from 103.36 peak". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 06,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 9, 2013 Author Share Posted December 9, 2013 Flash: USD/JPY eyes on annual high at 103.74 - UOB Group FXstreet.com (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group believes that USD/JPY risk is still clearly on the upside towards the year’s high at 103.74. Key Quotes “The key support highlighted last week at 101.30 is still intact and despite the volatile trading, the risk is still clearly on the upside.” “Continue to expect a move towards the year’s high at 103.74. The key support has edged up to 101.60 but 102.20 is likely strong enough to hold any short-term pullback.” Supports: 102.20, 101.60. Resistants: 103.38, 103.74 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 09,2013 OctaFX.Com News Updates GBP/USD, consolidated 1.6370/90 and awaiting Carney FXstreet.com (London) - GBP/USD is holding onto territory in the higher end of the 1.63 handle after opening this weeks session with a gap on the charts towards 1.6400. GBP/USD is consolidated currently between 1.6370 and 1.6390 without there being any data releases. However, while the dollar is starting on a softer tone this week, the pair can take advantage of that while waiting for a speech to be made by BoE Governor Carney coming up later on today. This speech is particularly of interest because it this will be his first full speech since the BoE improved its growth outlook in the November inflation report. There are a number of Fed speakers today as well this afternoon so this may also have some effect on the dollar. GBP/USD Levels The 20 DMA is 1.6203, the 50 DMA is 1.6129 and the 200 DMA is 1.5570. RSI (14) reads 59.32. Supports are ascending from 1.6255, 1.6277, 1.6294, 1.6318, 1.6338. Spot is currently 1.6374 while resistances are 1.6403, 1.6443 and 1.6475. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 09,2013 OctaFX.Com News Updates Flash: EUR/USD, bullet proof bull trend – TDS FXstreet.com (Barcelona) - A strategist team at TD Securities noted that nothing seems to be able to dent the bull trend in EUR/USD at the moment. Key Quotes: “Friday’s strong US jobs number (improving the odds of an earlier QE taper), and this morning’s weak German industrial production number would normally weigh heavily on the pair, but it seems the end of year seasonal trend higher continues to be the dominating force”. “For the rest of the week, central bank speakers will be the fundamental focus for markets, and for EUR/USD in the near term Fed speakers today and Draghi tomorrow offer the biggest potential to inspire a decent move”. “EUR/USD is currently consolidating in the resistance zone near 1.3700/20 and a move above here would look to the October high of 1.3829. A pullback would likely look toward the bottom of the November bull channel in the mid to upper 1.35 area”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 09,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 10, 2013 Author Share Posted December 10, 2013 EUR/USD supported by 1.3740 FXstreet.com (Edinburgh) - The EUR/USD keeps the narrow range on Tuesday, meandering around 1.3740 and 1.3760 ahead of Draghi’s speech. EUR/USD focus on Draghi The pair remains buoyant in the mid 1.37s, bolstered by the prevailing risk-on trade on decent Chinese data while market participants wait for the speech by ECB’s Draghi due later in the European midday. Data from the euro area showed auspicious data from Italian Industrial Output, advancing beyond estimates 0.5% inter-month in October, while the GDP came in flat QoQ during the third quarter and contracted 1.8% YoY, matching the previous quarter readings. In the opinion of Analyst Paolo Pizzoli at ING, “Looking ahead, today’s industrial production data, which provide the first piece of hard evidence about 4Q13 developments, look like a good start. The pick-up in export order books and evidence of stock accumulation are useful ingredients for a positive GDP growth reading in 4Q13… All in all, we are inclined to confirm our forecast of a 0.2% growth for Italian GDP in Q4, which would mark the exit of Italy from its 8-quarter long recession”. EUR/USD levels to watch As of writing the pair is up 0.02% at 1.3744 with the next resistance at 1.3787 (high Oct.30) ahead of 1.3818 (high Oct.28) and finally 1.3833 (high Oct.25). On the flip side, a breakdown of 1.3695 (low Dec.9) would open the door to 1.3638 (daily cloud top) and then 1.3620 (low Dec.6). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 10,2013 OctaFX.Com News Updates Flash: Neutral Carney pushes Cable higher - OCBC Bank FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that Carney’s neutrality propelled GBP/USD above 1.6400 last week. Key Quotes “Neutral to positive rhetoric from the BOE’s Carney on Monday propelled the GBP/USD higher past 1.6400.” “In the near term, the pair may continue to push the envelope on the upside with the 1.6450 area seen as an initial resistance, while the pair may also need to exhibit resilience on any retracement towards 1.6300 to meaningfully retain its recent gains.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 10,2013 OctaFX.Com News Updates US NFIB Business Optimism Index rises to 92.5 in November from 91.6 in October Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 10,2013 OctaFX.Com News Updates US: NFIB Business Optimism Index (Nov.) rose to 92.5 FXstreet.com (Edinburgh) - The National Federation of Independent Business informed that the small-business optimism index climbed to 92.5 for the month of November, leaving behind October’s 91.6 and exceeding the forecasts at 92.3. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 10,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 11, 2013 Author Share Posted December 11, 2013 USD/JPY finds support at 102.40 and trades back at 102.65 FXstreet.com (San Francisco) - After declining around 55 pips from 102.95 to test fresh daily lows at 102.40 in the European session, the USD/JPY seems to have found support at this level with the pair trading back above the 102.50 area at 102.70. Currently, the USD/JPY is trading around 102.65, 0.05% negative on the day. The short term perspective is strongly bearish according to the FXstreet.com Trend Index in the 1-hout chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral. USD/JPY levels Above the 102.70, the USD/JPY would face resistances at 102.95 (daily high), 103.40 (Dec 10 high) and 103.55 (May 23 high). On the downside, immediate supports at 102.40 (daily low), 102.00 (psychological level) and 101.63 (Dec 5 & 6 lows). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates USD/CHF falls to test 2-year lows at 0.8850 FXstreet.com (San Francisco) - The US dollar resumed its decline against the Swiss Franc in the last hour after trading sideways in between 0.8865 and 0.8885 during the European session. With the American open, the USD/CHF declined fast to test the lowest level since November 2011 at 0.8850. Currently, the USD/CHF is trading at 0.8855, 0.20% down on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral. USD/CHF levels: Below the 0.8850, the USD/CHF would face supports at 0.8810 and 0.8800. On the upside, resistances are at 0.8880, 0.8900 and 0.8930. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates USD/CHF falls to test 2-year lows at 0.8850 FXstreet.com (San Francisco) - The US dollar resumed its decline against the Swiss Franc in the last hour after trading sideways in between 0.8865 and 0.8885 during the European session. With the American open, the USD/CHF declined fast to test the lowest level since November 2011 at 0.8850. Currently, the USD/CHF is trading at 0.8855, 0.20% down on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral. USD/CHF levels: Below the 0.8850, the USD/CHF would face supports at 0.8810 and 0.8800. On the upside, resistances are at 0.8880, 0.8900 and 0.8930. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates US EIA Crude Oil Stocks change: -10.585M in December 6 from -5.585M Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates Flash: USD/JPY stalling just ahead of the 103.74 2013 high - Commerzbank FXstreet.com (London) - Karen Jones, Head of Technical Analysis at Commerzbank notes that USD/JPY has again stalled at 103.40, similar to price action seen last week. Key Quotes: “The market appears to be stalling just ahead of the 103.74 2013 high. We note the Elliott wave count on the daily chart suggests a retracement back to 100.91/100.16 remains viable, however while underpinned by the cloud on the 240 minute chart at 102.26, we will assume an immediate upside bias. The slide lower held over the July 2013 high at 101.54 and this we regard as bullish price action. Support is found at the 101.54 July high and 100.62 September high. We will stay bullish while above the 99.56 November 19 low.” “Longer term, the market has recently broken up from a large triangle points to a longer term target of 108.86. We have an additional target en route at 105.48, the 61.8% retracement of the move down from 2007.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 12, 2013 Author Share Posted December 12, 2013 US: Business Inventories grow 0.7% in October FXstreet.com (Córdoba) - The US Business Inventories rose by 0.7% in October, following a 0.6% increase the previous month, the US Census Bureau informed today. Analysts expected slower pace of growth of 0.3%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 12,2013 OctaFX.Com News Updates Flash: Bernanke to step down early? FXstreet.com (London) - Strategist at BBH said reports indicate that the entire Senate vote on Yellen's nomination is likely to be held next week. Key Quote: This may not be in time for the FOMC meeting, but it does strengthen our base scenario that Bernanke steps down early and Yellen chairs the late January FOMC meeting. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 12,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 13, 2013 Author Share Posted December 13, 2013 EU Employment Change (QoQ) stays unchanged at 0% in 3Q; -0.8% (YoY) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates EU Employment Change (QoQ) stays unchanged at 0% in 3Q; -0.8% (YoY) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 13, 2013 Author Share Posted December 13, 2013 AUD/USD awaiting FOMC and remains range bound FXstreet.com (London) - AUD/USD has stuck to a range on the 0.89 handle and between 0.8909 and the 0.8950’s. The AUD is still trading on the lows after falling on headlines that 'RBA’s Stevens says Australia needs AUD/USD closer to 85 U.S cents. The calendar is very light today at the end of a long week and it seems like traders are sitting on their hands waiting for the FOMC outcome which is still some way off next Wednesday. There is a growing consensus that is looking for a token taper next week of $5-10b. AUD/USD Levels The 20 DMA is 0.9158, the 50 DMA is 0.9361 and the 200 DMA is 0.9558. RSI (14) reads 46.21. Supports are ascending from 0.8770, 0.8830, 0.8848, 0.8891. Spot is 0.8938 while resistances are 0.8989, 0.9011, 0.9083 and 0.9125. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates Flash: EUR weak, with eyes on next week’s inflation print - Scotiabank FXstreet.com (Barcelona) - Camilla Sutton, Chief FX Strategist, at Scotiabank notes that EUR is weak, down 0.2% on a broader USD strengthening move. Key Quotes “Fundamental data was mainly second tier, with next week’s inflation print a key upcoming risk.” “Highlighting one of the several factors that has supported EUR this year is the ongoing narrowing in the ECB balance sheet partially driven by LTRO repayments (with the ECB announcing today that €23bn of LTROs will be repaid next week); while the Fed’s balance continues to grow at a pace of $85bn per month.” “As we move towards the AQR rumours of repatriation and balance sheet preparation are likely to increase.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates Flash: How will the AUD fair in Chinese data? FXstreet.com (London) - The AUD has suffered heavy losses since ’RBA’s Stevens says Australia needs A$ closer to 85 U.S cents’ and there has been little data of late for markets to digest for Australia. However, strategists at BBH noted that over the weekend, HSBC flash China manufacturing PMI will be reported. Key Quotes: “This will be the first reading for December, and consensus is 50.9 vs. 50.8 final in November”. “We expect the Chinese economy to maintain its modest growth path into 2014. Indeed, consensus right now is GDP growth of 7.6% y/y in Q4, which follows 7.8% growth in Q3. Growth is seen at 7.6% in Q1 2014 before slowing further to 7.5% in Q2, 7.4% in Q3, and 7.35% in Q4”. “Despite the modest growth profile, it appears the authorities are prepared to allow further modest yuan appreciation in the coming months”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 13, 2013 Author Share Posted December 13, 2013 EUR/CAD losing momentum with a sharp fall FXstreet.com (London) - EUR/CAD has slid into the 1.45 handle from 1.4640 and marking a low of 1.4566. Strategists at TD Securities said the EUR/CAD is losing momentum. “Still, while the rally flattens out, there are no obvious signs of a reversal. We would note that yesterday’s session saw an outside range day higher; we have remarked before that bullish price signals after an extended run higher (and bearish signals after an extended run lower) sometimes reflect a buying (selling) climax. After a 6 big figure rally with no sort of correction at all, a drop back of some sort would not surprise, especially as the cross is bumping up against bull channel ceiling resistance. Overall, though, the trend up remains well entrenched so a persistent decline is needed to signal a top. We still think the 1.48 area might offer better, medium-term resistance”. EUR/CAD Levels The 20 DMA is 1.4380, the 50 DMA is 1.4225 and the 200 DMA is 1.3710. RSI (14) reads 43.14. Supports are ascending from 1.4420, 1.4445, 1.4490 and 1.4545. Spot is 1.4572 while resistances are 1.4740, 1.4775, 1.4815 and 1.4840. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 14, 2013 Author Share Posted December 14, 2013 Session recap: Dollar extends the swing ahead FOMC FXstreet.com (San Francisco) - The US Dollar extended gains for second day against the Euro and for third session against the Pound as investors remain cautious ahead the Federal Reserve policy meeting next week. However, it is too early to talk about a top in place in EUR/USD and GBP/USD. As FXstreet.com's Valeria Bednarik said in a recent report, "taking a look at the daily chart, one may think a double top is under way around the 1.3810/30 highs from October and December, albeit a better look shows the valley in between both, and the level to be broken to confirm the figure, stands at 1.3290." In a bigger chart, the EUR/USD advanced for fifth week in a row after posting only two negative sessions in the last nine days. The EUR/USD declined on Friday to test lows at 1.3710 but it managed to close at 1.3740. Other picture in the GBP/USD as the Cable declined for second week to close at 1.6290. The Sterling just closed below the 1.6300, level that used to be support in the previous days. The USD/JPY advanced for seventh consecutive week; the pair reached 5-year highs at 103.91 on Friday, but it felt vertigo and closed off highs at 103.30. Main headlines in the American session: US: Producer price index drops 0.1% in November Goldman: Don't bet on much dollar strength in 2014 despite Fed tapering FXBeat Weekend Read: A fresh set of eyeballs on the AUD/NZD CFTC Commitments of Traders: Big bets against the Canadian dollar Wall Street declines for second week ahead FOMC meeting OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 14,2013 OctaFX.Com News Updates Session recap: Dollar extends the swing ahead FOMC FXstreet.com (San Francisco) - The US Dollar extended gains for second day against the Euro and for third session against the Pound as investors remain cautious ahead the Federal Reserve policy meeting next week. However, it is too early to talk about a top in place in EUR/USD and GBP/USD. As FXstreet.com's Valeria Bednarik said in a recent report, "taking a look at the daily chart, one may think a double top is under way around the 1.3810/30 highs from October and December, albeit a better look shows the valley in between both, and the level to be broken to confirm the figure, stands at 1.3290." In a bigger chart, the EUR/USD advanced for fifth week in a row after posting only two negative sessions in the last nine days. The EUR/USD declined on Friday to test lows at 1.3710 but it managed to close at 1.3740. Other picture in the GBP/USD as the Cable declined for second week to close at 1.6290. The Sterling just closed below the 1.6300, level that used to be support in the previous days. The USD/JPY advanced for seventh consecutive week; the pair reached 5-year highs at 103.91 on Friday, but it felt vertigo and closed off highs at 103.30. Main headlines in the American session: US: Producer price index drops 0.1% in November Goldman: Don't bet on much dollar strength in 2014 despite Fed tapering FXBeat Weekend Read: A fresh set of eyeballs on the AUD/NZD CFTC Commitments of Traders: Big bets against the Canadian dollar Wall Street declines for second week ahead FOMC meeting OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 14,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 16, 2013 Author Share Posted December 16, 2013 EUR/GBP rises toward 1-month high FXstreet.com (Córdoba) - The EUR/GBP bounced off lows and erased intraday losses as the shared currency got a boost from better-than-expected Eurozone PMIs. The EUR/GBP climbed to a high of 0.8439 but stalled a few pips shy of its 1-month high scored during the Asian session at 0.8442. At time of writing, the cross is trading at the 0.8435 zone, 0.2% above its opening price, ahead of the Eurozone trade balance figures. EUR/GBP technical levels In terms of technical levels, if the EUR/GBP breaks decisively above 0.8442, next resistances could be found at 0.8460/63 (100-day SMA/Nov 13 high) and 0.8475 (Nov 4 high). On the other hand, supports are seen at 0.8413 (daily low) and 0.8400 (psychological level) followed by 0.8390 (Dec 12 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 16, 2013 Author Share Posted December 16, 2013 US: Markit Manufacturing PMI edges lower in December (Prelim.) FXstreet.com (Córdoba) - The preliminary reading of the US Markit Manufacturing PMI showed the sector expanded at a slower pace in December. The Markit PMI decreased to 54.4 from 54.7 the previous month and missed expectations around 54.9, but held in expansionary territory above the 50.0 threshold. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates US: Markit Manufacturing PMI edges lower in December (Prelim.) FXstreet.com (Córdoba) - The preliminary reading of the US Markit Manufacturing PMI showed the sector expanded at a slower pace in December. The Markit PMI decreased to 54.4 from 54.7 the previous month and missed expectations around 54.9, but held in expansionary territory above the 50.0 threshold. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates USD/CHF double bottom pattern attempt? FXstreet.com (Chicago) - USD/CHF continues trading below the 0.89 zone although a reverse attempt seems to be consolidating shortly after the opening of the American trading session. The most recent data releases reveal mixed US results while the stock markets open strong with the Dow up 0.51%, Nasdaq 0.49% stronger and S&P 0.46% higher. USD/CHF Technical Levels Technically speaking, the pair is offered at 0.8869 and oscillates between the supports aligned at 0.8840 (December 10th lows), 0.8789 (September 20th lows 2011) ahead of 0.8722 (May 15th lows 2011) and the resistances set at 0.8918 (December 13th highs), 0.8974 (December 6th highs) followed by 0.9031 (November 29th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is strongly bearish and navigates below the EMA20. If the pair manages to pull off a reverse, a double bottom formation will be evidenced. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates EUR/USD backs away from 1.3800 FXstreet.com (Córdoba) - The EUR/USD lost momentum and pulled back after testing the 1.3800 psychological level following the latest string of US data and amid Draghi's comments. Speaking before the European Parliament, ECB President Mario Draghi said the bank is ready to consider all the available instruments as he stated that adjusting interest rates is not always sufficient to maintain price stability. On the data front, US industrial production increased by 1.1% in November, printing its biggest jump in a year. The EUR/USD retreated from a daily high of 1.3798 toward the 1.3760 zone before the 100-hour SMA offered support. At time of writing, the EUR/USD is trading at the 1.3765 area, still 0.3% above its opening price. EUR/USD levels to watch As for technical levels, if the EUR/USD breaks decisively above 1.3800 (psychological level) it could rise to 1.3811 (Dec 11 high) en-route to 1.3732 (2013 high Oct 25). On the other hand, if the pair falls below 1.3760 (100-hour SMA) next supports are seen at 1.3727 (daily low), 1.3710 (10-day SMA) and 1.3693 (Dec 9 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates Flash : EUR/USD, buoyed by data – TD Securities FXstreet.com (London) - Strategists at TD Securities noted that the Eurozone flash PMI’s were overall better than the market was anticipating, keeping the EUR well supported this morning. Key Quotes: “There are a number of data releases in the coming days in both Europe and the US that should make for some choppy price action in EUR/USD, as well as an EU leaders summit toward the end of the week, but the defining event for the pair this week should be Wednesday’s FOMC meeting”. “With that in mind, ‘taper talk’ will certainly be in focus in the next few sessions, but European bank funding developments are also important to keep an eye on. After the larger than expected LTRO repayment last week, Euribor has continued to edge higher, lending additional support to spot EUR/USD”. “We remain fundamentally bearish on the pair, but prefer to wait for clearer selling opportunities—perhaps closer to the turn of the New Year”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 17, 2013 Author Share Posted December 17, 2013 US Redbook index (MoM) rises to -1.4% in December 8; 2.9% (YoY) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 17,2013 OctaFX.Com News Updates GBP/USD finds support at 1.6255 FXstreet.com (San Francisco) - The Sterling seems to have found support against the US Dollar at 1.6255 after falling around 85 pips in the European morning. The GBP/USD bounced at the mentioned level to test 1.6290 area. Currently, the Pound to Dollar exchange rate is pricing at 1.6270, 0.20% negative in the day. The short term perspective is strongly bearish according to the FXstreet.com Trend Index in the 1-hour chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral. GBB/USD technical levels Above the 1.6290, the GBP/USD would face resistances at 1.6300, 1.6335 and 1.6350. On the downside, next supports are at 1.6255, 1.6240 and 1.6120. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 17,2013 OctaFX.Com News Updates US: NAHB Housing Market Index increases to 58 in December FXstreet.com (Barcelona) - The US NAHB Housing Market Index grew to 58 in December, from 54 in November, according to data released by the National Association of Home Builders. Analysts expected the indicator to rise only to 55. Dec 17,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 23, 2013 Author Share Posted December 23, 2013 Flash: COT EUR sentiment improved for second week - Scotiabank FXstreet.com (Barcelona) - Camilla Sutton, Chief Currency Strategist at Scotiabank notes that sentiment towards EUR has improved for the second consecutive week. Key Quotes “The net long position now stands at $2.7bln - modest relativ to its October high but still the largest among its peers.” “Details are suggestive of increasing risk appetite, as both gross long and gross short positions are rising.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 23,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 23, 2013 Author Share Posted December 23, 2013 USD/CAD hits 6-day low FXstreet.com (Córdoba) - The Canadian dollar strengthened Monday and dragged the USD/CAD to a 6-day low amid a softer greenback and helped by better-than-expected Canadian GDP. The USD/CAD broke below the 1.0600 mark and dropped to its lowest level in almost a week at 1.0589, although it found support a few pips above last week's low and settled in a range over the last hours. At time of writing, the USD/CAD is trading at 1.0600, recording a 0.4% loss on the day. USD/CAD technical levels In terms of technical levels, the USD/CAD could find immediate supports at 1.0589/85 (Dec 18 low/psychological level) and 1.0571 (Dec 16 low). On the flip side, resistances are seen at 1.0652 (daily high), 1.0670 (Dec 9 high) and 1.0700 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 23,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 24, 2013 Author Share Posted December 24, 2013 EUR/USD eases some, still frozen FXstreet.com (Buenos Aires) - The EUR/USD eases some over the European morning, but for the most unchanged in ultra thin holiday’s markets. Trading within yesterday’s range, the pair is down on the day, having found some short term support around in 1.3671 daily low, but holding below the 1.3700 level. Anyway, current lack of action will probably extend for the rest of the week, leaving short term traders adrift. Bottom confirms a long The steady rise of the pair ever since testing 1.3290 following ECB rate cut past November 7th, seems to have now confirmed more longs ahead, according to Fan Yang, from FXTimes, as the pair reached a “bottom of its price channel and a previously established horizontal support level. This week starts off with the confirmation I was looking for to go long. So, I’ve got my order placed at 1.3650 to go long, with my stop 70 pips below at 1.3580, and a target of 1.4140. I’m seeking 490 pips and risking 70, thus offering a reward/risk of 7:1.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 24,2013 OctaFX.Com News Updates US: Mortgage applications extend decline FXstreet.com (Córdoba) - Applications for mortgages fell 6.6% in the week ending Dec 20, the Mortgage Bankers Association said Wednesday. This reading comes after a 5.5% drop the previous week. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 24,2013 OctaFX.Com News Updates US Durable Goods Orders (November): 3.5% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 24,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
OctaFX_Farid Posted December 24, 2013 Author Share Posted December 24, 2013 USD/CHF hits fresh highs but loses momentum FXstreet.com (Córdoba) - The USD/CHF pushed higher and printed fresh daily highs during the American session as the greenback gained momentum following strong US data. However, moves remain shy in holiday-thinned trade with USD/CHF slowing after hitting a 4-day high of 0.8971. At time of writing, the USD/CHF is trading at 0.8965, recording a 0.3% gain on Tuesday. USD/CHF technical levels In terms of technical levels, the USD/CHF might face resistances at 0.8971 (daily high), 0.9000 (psychological level) and 0.9048 (Dec 5 high). Meanwhile, supports are seen at 0.8915 (10-day SMA), 0.8900 (psychological level) and 0.8840 (Dec 18 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 24,2013 OctaFX.Com News Updates Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now