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AUD/USD oscillates above 0.8700 FXStreet (Córdoba) - AUD/USD has resumed the advance and climbed back to the upper side of today’s range at the beginning of the New York session after after a complete pullback of Chinese PMI inspired gains. AUD/USD retraced its Asian session gains but the setback was contained by 0.8700 and turned back positive, however, it lacked momentum to break free of its daily range. At time of writing, AUD/USD is trading at 0.8745, recording a 0.33% above its opening price. AUD/USD is rising for first time in four days but remains on track to post a 6.2% loss in September, its worst decline since May of 2013. AUD/USD technical perspective “Overall, the pressure remains to the downside, yet a break below 0.8680 is required to confirm a new leg lower”, said Valeria Bednarik, chief analyst at FXStreet. Bednarik locates immediate supports at 0.8710, 0.8680 and 0.8635, while resistances are seen at 0.8750, 0.8800 and 0.8840. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30, 2014 OctaFX.Com News Updates

EUR/USD major long-term support area of 1.2600/1.2660 under pressure - RBS Dmytro Bondar, Technical Analyst at RBS observes that following the formation of a H&S pattern in the first half of the year, EUR/USD has seen a significant selloff. Key quotes "It has though started to pressure a key long-term support level of 1.2660, which was previously the risk level of the 2012 inverse H&S." "This is a very important level and it is required to have a weekly close below to consider it broken." "If so, the next support will be expected at 1.2290 and 1.2050." "Otherwise, if the level holds on a weekly close basis, and a reversal pattern formed, this area may see a base." "Hence it is advisable to keep an eye on the reaction from the test of 1.2600-1.2660 area." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30, 2014 OctaFX.Com News Updates

USD/JPY reaches new yearly high at 109.84- FXStreet FXStreet (Łódź) - As FXStreet Chief Analyst Valeria Bednarik points out, USD/JPY hit a fresh yearly high on Tuesday before pulling back slightly. Key quotes "The 1 hour chart shows price well above 100 and 200 SMAs both maintaining a shy bullish slope, while indicators eased some from overbought territory." "In the 4 hours chart indicators also turned lower but hold well above their midlines, showing no actual upward strength, neither signs of a retracement." "The dominant bullish trend prevails regardless mild positive technical readings, and retracements are still seen as buying opportunities now on approaches to the 109.00 price zone." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30, 2014 OctaFX.Com News Updates

EUR/USD regains 1.2600 and beyond FXStreet (Edinburgh) - The common currency managed to bounce off sub-1.2600 lows during the European morning, now lifting EUR/USD back to the 1.2615/20 band. EUR/USD recovers after consumer confidence Spot is now looking to consolidate the rebound above the 1.2600 handle, boosted by the unexpected drop to 86 in the US Consumer Confidence for the month of September. There are no more data releases in the region today, with the next risk event being tomorrow’s Chinese manufacturing PMI gauged by NHS. (51.2 exp.) ahead of the final figures of the manufacturing PMIs and GDP in the bloc. Camilla Sutton, Chief FX Strategist at Scotiabank, noted, “all studies warn of strong downside momentum and the only warning on the chart is the RSI which has now fallen firmly into oversold territory. However without a supporting warning signal, EUR is likely to continue its downward trend. The next level of support lies at 1.2500”. EUR/USD levels to watch As of writing the pair is retreating 0.44% at 1.2628 and a break below 1.2561 (low Sep.6 2012) would target 1.2502 (76.4% of 1.2042-1.3995) en route to 1.2493 (low Aug.31). On the flip side, the initial hurdle lines up at 1.2664 (low Sep.29) followed by1.2715 (high Sep.29) and finally 1.2761 (high Sep.26). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30, 2014 OctaFX.Com News Updates

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EUR/USD downward pressure seeing no end - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that EUR/USD has fallen as low as 1.2570 on Tuesday, as Eurozone inflation data showed the risk of deflation in the Eurozone is still alive. Key quotes "The pair has reached extreme oversold readings in the hourly chart and bounced some, hovering around the 1.2600 figure early US session, still quite heavy according to technical readings, as per 20 SMA heading lower well above current price, momentum heading strongly south deep in negative territory, and RSI still at 23." "In the 4 hours chart 20 SMA capped the upside earlier on the day maintaining a strong bearish slope, while indicators head strongly south in negative territory, giving no signs of a possible upward correction." "Former low at 1.2660 should now attract sellers if reached, while a break below mentioned low should see the pair extending its decline down to 1.2540/50 price zone." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30, 2014 OctaFX.Com News Updates

GBP/USD bulls ducking for cover once again FXStreet (Córdoba) - USD/CAD climbed to fresh cycle highs as the greenback was supported by in line with expectations US GDP and consumer sentiment data. USD/CAD extended gains and hit its highest level since March 26 at 1.1153 before easing a tad. At time of writing, USD/CAD is trading at 1.1145, up 0.33% on the day and recording a 1.64% weekly gain. USD/CAD technical levels In terms of technical levels, USD/CAD could find immediate resistance at 1.1170 (Mar 26 high) ahead of the psychological level at 1.1200. On the other hand, supports are seen at 1.1091 (Sept 26 low), 1.1052 (Sept 24 low) and 1.0985 (Sept 23 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

GBP/USD bulls ducking for cover once again FXStreet (Guatemala) - GBP/USD is trading at 1.6266, down -0.32% on the day, having posted a daily high at 1.6335 and low at 1.6259. GBP/USD has taken a hit into lower levels that are becoming critical in the advent of the recent decline that had the bulls running for cover where lows at 1.6052 made us wonder if we were back towards 1.58/1.60 territory again. We are lower on a number of counts at the end of this week with essentially the greenback outperforming yet again, with indeed Yellen’s statements of late are being backed up. The US GDP was firstly revised up to 4.6% in the Q2 from previously reported of 4.2% but the final number was in line of expectations. That, however, was highest figure since Q4 2010 and the catalyst for a firmer greenback today. PCE was falling in line at 2.3% up on 1.4% previous and the, although missing expectations slightly, it rose to 84.6 in September up from 82.5 on the previous month. A solid ending to the week for a good performing US economy again. GBP/USD note worthy levels With spot trading at 1.6267, we can see next resistance ahead at 1.6275, 1.6282 (Daily Classic S1), 1.6290, 1.6309 (Hourly 20 EMA) and 1.6312 (Daily Classic PP). Support below can be found at 1.6259 (Daily Low), 1.6244 (Daily Classic S2), 1.6214 (Daily Classic S3), 1.6126 (Weekly Classic S1) and 1.6105. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

Rupee jumps on S&P's revision of India's outlook up to stable - TD Securities FXStreet (Łódź) - Cristian Maggio, Head of Emerging Markets Research at TD Securities comments on the rupee's reaction to S&P' decision to upgrade India's outlook to stable from negative, while keeping the sovereign rating at BBB-. Key quotes "The outlook change reflects S&P’s view that 'India's improved political setting heralds a more conducive environment for reforms, providing a boost to growth prospects and the potential for improved fiscal management'.” "This statement is particularly significant as the sub-potential growth and wide fiscal deficit were previously citied as India’s major weaknesses and possible causes of downgrades." "The immediate reaction to the announcement was USDINR falling 0.5% to 61.08." "1m NDF moved in tandem with spot and is currently exchanged at 61.53, so still nearly half a percentage point below the levels prior to the S&P review." "This supports our view that the improving macroeconomic outlook will continue to bear positive effects on Indian asset pricing." "EM FX also seemed to recover on this event today." "At the same time, we are wary that changing expectations on the Fed’s resumption of monetary tightening could trigger further adjustments in the EM space in the coming months. For these reasons, we prefer RV strategies to trade the INR long leg." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

EUR/USD trades below 1.2700 post US consumer confidence FXStreet (San Francisco) - The Euro broke below the 1.2700 level versus the US Dollar following the US Michigan consumer sentiment as the EUR/USD completed at a 70-pip drop from 1.2755 to lows around 1.2685. The US Michigan consumer sentiment rose to 84.6 in Sept; as previously informed. Expectations component was revised down to 75.4 from previously informed at 75.6. Currently, EUR/USD is trading at 1.2703, down 0.40% on the day, having posted a daily high at 1.2762 and low at 1.2689. EUR/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. EUR/USD sentiment "The orderliness of this decline is its most remarkable feature. The magnitude is not that unusual, but the lack of bounces is the outstanding characteristic," comments Jamie Coleman from FXBeat. Supports are at 1.2660, 1.2630 and 1.2600. On the upside, resistances are at 1.2710, 1.2730 and 1.2760. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

US: Reuters/Michigan Consumer Sentiment Index rises to 84.6 in September FXStreet (Łódź) - The US Reuters/Michigan Consumer Sentiment Index grew to 84.6 in September, from 82.5 recorded the previous month, according to data released by the Reuters/University of Michigan. Analysts expected an increase to 84.7. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

Credit Agricole: New rules to limit US corporate tax inversions boost USD - eFXnews FXStreet (Łódź) - The eFXnews team remark that according to Credit Agricole USD's recent strength is partly due to the new US regulations aimed at limiting corporate tax inversions announced on Monday by Treasury Secretary Jack Lew. Key quotes "The inversions law announced this week aims to prevent US companies from relocating abroad to lower their tax liabilities (the US for instance has the highest corporate tax rate in the developed world at 35%, even though after deductions and other loopholes net tax payments are much lower)." "The announcement this week reflects a departure from that thinking but more important it also has forex market implications." "The introduction of the law drove in part some of the recent USD strength, especially against European currencies." "The law does not impact 'completed' deals but it will impact the possible outflow from 'pending' deals, which are close to USD150bln." "While some firms will complete the deal given the costs to cancel, we think the law will lead to less cross-border M&A outflows over time." "The result is higher net FDI flows and a more supportive USD backdrop, especially against GBP, SEK and CHF." '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 Sep 26, 2014 OctaFX.Com News Updates

Busy week ahead for Australia - TD Securities FXStreet (Łódź) - Tim Davis, Vice President, Global Strategist at TD Securities reviews the most important Australian data releases next week. Key quotes "The week kicks off with the release of the RBA Credit Aggregates, TD forecasting a lift of 0.4% for August." "On Wednesday, House Price data for Sep will be released, and should garner more attention given the RBA’s attempts to jawbone house prices - we pencil in +1.5% for Sep." "Also out on Wed are August Retail Sales, TD forecasts a rise of 0.4% to reflect better consumer optimism." "Thursday should see the Trade Balance for August clock in a $500m deficit with risks of a better number on upside risks for exports while the volatile Building Approvals for August could decline by 2%." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

AUD/USD stalled at 0.8800 FXStreet (Edinburgh) - The AUD is now surrendering part of the recovery from session lows in the mid-0.8700s, dragging the AUD/USD back to the 0.8770/75 region. AUD/USD weaker after US docket The intraday rebound in the AUD was hampered by the results from the US docket, showing that the economy expanded in line with expectations 4.6% over the last twelve months in Q2; in the same line, headline consumer prices tracked by the PCE rose 2.3% YoY and Core prices gained 2.0%. “With global risk appetite levels still soggy, the pair is currently contemplating a break below the 0.8800 region with little of consequence till 0.8660 while 0.8840 may cap in the near term”, noted Emmanuel Ng, FX Strategist at OCBC Bank. AUD/USD key levels As of writing the pair is losing 0.07% at 0.8781 with the immediate support at 0.8730 (low Feb.4) ahead of 0.8695 (low Jan.31) and then 0.8678 (low Jan.27). On the flip side, a breakout of 0.8885 (high Sep.25) would expose 0.8897 (high Sep.24) and finally 0.8927 (high Sep.23). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

USD/CAD clinches to 1.1130 post data FXStreet (Edinburgh) - The US dollar is now picking up pace against the CAD, lifting the USD/CAD back beyond the 1.1130 level. USD/CAD lifted on US GDP The pair is now accelerating the bounce off sub-1.1100 levels and remains poised to challenge earlier session peaks in the 1.1130/40 band following the positive reading from the US GDP, expanding 4.6% on a yearly basis, broadly in line with previous estimates. Further data also showed that inflation gauged by the PCE rose at an annual rate of 2.3%. According to Shaun Osborne, Chief FX Strategist at TD Securities, “failure to close above the 1.1125 level (76.4% retracement from the March-July move lower) for a third session in a row today after repeated attempts to break clear of that resistance level over the last three days, does call into question the willingness of the market to drive the price much higher in the short term”. USD/CAD key levels At the moment the pair is up 0.16% at 1.1128 with the next hurdle at 1.1170 (high Mar.26) ahead of the psychological level at 1.1200. On the downside, a break below 1.1053 (low Sep.24) would open the door to 1.1008 (Tenkan Sen) and then 1.0986 (low Sep.23). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

EUR/USD inches down after US GDP FXStreet (Córdoba) - EUR/USD inched lower and hit a fresh daily low as the greenback strengthened after the US Q2 gross domestic product was upwardly revised. The US economy grew at a 4.6% annual pace in the second quarter, matching consensus, up from the 4.2% previously estimated. This reading follows a 2.1% contraction in the previous quarter and is the best since mid 2009. EUR/USD gave up a few pips and hit a daily low of 1.2714 after the release. At time of writing, the pair is trading at 1.2715, recording a 0.27% loss on the day and headed for a fourth week of losses. EUR/USD levels to watch In terms of technical levels, EUR/USD could find next supports at 1.2697 (Sept 25 low), 1.2690 (Nov 16 2012 low) and 1.2660 (Nov 13 2012 low). On the flip side, resistances are seen at 1.2760 (intraday high), 1.2800 (psychological level) and 1.2845 (10-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

ECB's Coeure optimistic on the next TLTRO take-up FXStreet (Łódź) - ECB Executive Board member Benoit Coeure assured at the IMF/Bank of Slovenia seminar on Friday that each of the upcoming, consecutive seven rounds of targeted longer-term refinancing operations should see a bigger take-up than the first one. As soon as the ECB's Eurozone banking sector probe is finalized , the financial institutions will be more disposed to provide credit, Coeure said. Furthermore, he suggested that nominal rates in the Eurozone would remain at low levels for an extended period of time, real interest rates should decrease. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

Gold turns lower but remains on track for weekly gains FXStreet (Córdoba) - Gold pulled back on Friday but remained on track for a small weekly gain after 3 weeks of losses. The yellow metal posted a fresh 2014 low at $1,206.84 on Thursday, but managed to recover ground as the slump in US stocks sent investors looking for safe-havens. However, the recovery attempt stalled at the $1,230 zone at the beginning of the European session. With the metal having retraced completely intraday gains, gold is currently trading at $1,220 an ounce, 0.1% below its opening price. Gold remains vulnerable near the $1,200 level as the greenback headed for an eleventh week of gains. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

USD/JPY extends gains above 109.00 FXStreet (Edinburgh) - The greenback is now resuming its upside vs. the Japanese currency, pushing USD/JPY beyond the 109.00 handle and challenging session highs at the same time. USD/JPY higher post data, looks to US The JPY lost further momentum after the inflation figures in the Japanese economy showed results in general in line with market expectations, with the critical National CPI ex-Fresh Food advancing at an annual rate of 3.1%, pointing to some stabilization in the inflation. Ahead in the day, the US GDP annualized is due ahead of the Reuters/Michigan index, being the potential drivers for the pair’s price action throughout the rest of the session. “August CPI numbers were flat to softer than prior expectations and any resultant and heightened expectations for further BOJ initiatives may keep the JPY structurally vulnerable. In the near term however, potential risk aversion may serve to underpin the JPY within a 108.00-109.00 corridor”, suggested Emmanuel Ng, FX Strategist at OCBC Bank. USD/JPY levels to consider As of writing the pair is up 0.33% at 109.11 and a breakout of 109.37 (high Sep.25) would expose 109.46 (2014 high Sep.18) and finally 109.57 (high Aug.29 2008). On the flip side, the initial support lines up at 108.47 (low Sep.26) ahead of 108.46 (low Sep.24) and then 108.25 (low Sep.23). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26, 2014 OctaFX.Com News Updates

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BoE's Carney: Time for rate hikes drawing near FXStreet (Łódź) - As expected, BoE governor Mark Carney signalled in his speech at the Institute and Faculty of Actuaries General Insurance Conference in Wales, that an interest rate hike was drawing near, but failed to give any more details, only adding that the move would be data dependent. Once the rises start they will be limited and carried out in a gradual manner, the BoE head stressed. "Headwinds facing the economy are likely to take some time to die down," he pointed out. "Demand in our major export markets remains muted. Public balance sheet repair is ongoing. And a highly indebted private sector is likely to be particularly sensitive to changes in interest rates." Carney assured however that the BoE is conscious of risks stemming from a prolonged period of low rates, especially for the housing and financial markets. As far as the UK insurance sector is concerned, the BoE will update regulation in order to be able to discipline insurance executives and actuaries in case of misconduct, such as it had been made possible in the banking sector. Following the comments GBP/USD climbed through the 1.6300 level to 1.6330. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

BoE's Carney: Low rates posing risk for housing and financial markets FXStreet (Łódź) - The BoE governor says that currently inflation is below target, after remaining above it for the last five years. • Rates are materially lower than in the past and could be fuelling risk on housing and financial markets. • Changes in interest rates will have an influence on the a highly indebted private sector. • Addressing insurers Carney draws their attention to capital levels and requirements. • Rules for hiring insurance officials will be revised, to be able to discipline them in case of misconduct. • The contribution of UK insurance industry to annual GDP is considerable at £25B. • It also creates 300,000 high-paying jobs. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates

GB/USD jumps to 1.6330 as time for rate increase 'is getting closer' FXStreet (San Francisco) - The pound is currently trading higher versus the US dollar as the pair is reacting to the upside following Bank Of England's Carney words that said that the time for interest rate to start to rise 'is getting closer.' Carney also commented that the UK outlook improved and interest rate case has become more balanced. However, the central banker considers that financial market may be mispricing risk. The GBP/USD is recovering ground after bounced at 1.6275 amid Carney's words and now it is testing the 200-hour MA at 1.6330. Currently, GBP/USD is trading at 1.6328, still down 0.07% on the day, having posted a daily high at 1.6344 and low at 1.6275. GBP/USD sentiment GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. "The pair lows today bottomed near the 50% of the move up in September at the 1.62867," points out Greg Michalowski from ForexLive. "The low from September 5th was also tested at the 1.62788. This is a good place for the pair to have bottomed." Michalowski affirms that "the bias is turning around." Above the 1.6330, next resistances are at 1.6350 and 1.6400. On the downside, 1.6775, 1.6250 and 1.6220 are supports. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 25, 2014 OctaFX.Com News Updates