OctaFX_Farid

OctaFX.com-Happy weekend to all! *Demo accounts to test your trading strategy or your EA *Micro accounts to try our outstanding services for as little as 5 USD *ECN accounts for advanced and professional traders and investors *Interbank liquidity from the world's top providers *Market news and research, convenient economic calendar *True ECN execution without requotes *A wide range of deposit / *withdrawal options and much more. Trade with OctaFX - the Most Reliable Forex broker! Stand out for outstanding with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

Majority of Fed’s voting members favour a 2015 lift-off - RAbobank FXStreet (Delhi) – Philip Marey, Senior US Strategist at Rabobank, suggests that if we look at the reactions of the voting members of the FOMC, there still seems to be a large majority that would like to hike before the end of the year. In the end, their case will depend on the data that we are going to see before the meeting on December 15 and 16, and that is still a lot, the analyst adds. Key Quotes “The US CPI data for September were better than expected by the market. Headline inflation slowed down to 0.0% in year-on-year terms, from 0.2% in August, but the consensus expectation of negative inflation (-0.1%) was averted.” “What’s more, core inflation – which excludes the volatile food and energy prices – unexpectedly rose to 1.9% from 1.8%. These data should bolster the Fed’s confidence that inflation will return to the 2% objective over the medium term.” “This was reinforced by the decline of US initial jobless claims to 255K after 262K a week before. This matches the 2015 low reached earlier in mid-July. Note that 255K is not only the lowest point of this year, but in fact the lowest since 1973. Despite the slowdown in the world economy, US businesses are keen to keep their personnel on board.” “Meanwhile, the first two US business surveys for October both indicated a deterioration, although at a milder pace than in September. However, the Empire manufacturing index (-11.4) and the Philly Fed index (-4.5) both fell short of consensus expectations.” “New York Fed President William Dudley, a permanent voter on the FOMC, acknowledged that the economy is slowing. Nevertheless, he still favors raising rates later this year if his forecasts are met.” Oct 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Keep your eyes on US industrial production and Michigan survey – Rabobank FXStreet (Delhi) – Philip Marey, Senior US Strategist at Rabobank, suggests that in the US, the impact of the economic growth slowdown in China and other emerging economies will be reflected in the industrial production figure for September. Key Quotes “Industrial production fell during the first five months of the year due to the appreciation of the dollar and the decline in the oil price. In June, industrial production remained unchanged and July saw a short-lived rebound that came to an end in August when output fell by 0.4%. The consensus expectation is a further decline by 0.2%.” “Meanwhile, the University of Michigan survey for October will show how US consumer sentiment is affected by these developments. Earlier this week we saw a weak retail sales report for September that reflected the deterioration in consumer sentiment in the same month. The consensus expectation is a modest rebound in sentiment in October.” “Note that the inflation expectations in the survey are of special interest to the Fed. After all, as long as inflation expectations remain anchored, the current spell of low inflation is likely to be a transitory phenomenon.” Oct 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD finds good support near 1.5440 FXStreet (Mumbai) - The recent selling pressure seen in the GBP/USD pair seems to ease, with the pair jumping back on the bids and hovers around hourly 50-SMA. GBP/USD pressured on the USD strength The GBP/USD pair trades modestly flat at 1.5457, bouncing-off a strong support of hourly S1 located at 1.5443. The major erased losses and now attempts a tepid-recovery ahead of the speech to be delivered by BOE MPC member Kristin Forbes later this session. Moreover, the broad based US dollar strength on the back of the renewed optimism over the US economic outlook continues to overshadow any gains backed by the risk-on rally in the European stocks. Later in the US session, the main focus will remain the consumer sentiment and industrial figures which are likely to provide further momentum on the cable. GBP/USD Levels to consider The pair has an immediate resistance at 1.5487/1.5500 (Todays High & round number) above which gains could be extended to 1.5531 (Sept 21 High & H1 R3). On the flip side, support is seen at 1.5413 (Oct 15 Low) below which it could extend losses to 1.5350/45 (10DMA & 200-DMA). Oct 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

European stocks rise for second day FXStreet (Mumbai) - The European stocks extended the risk-on rally for the second day on Thursday on rising prospects of a prolonged period of low interest rates in the US. At the time of writing, the pan-European Euro Stoxx 600 index advanced 0.7%. Among regional indices, Germany’s DAX and London’s FTSE were up 0.9% each. France’s CAC also strengthened 0.7%. Among Stoxx 600 shares, Hugo Boss AG fell 9.7% after the German fashion label cut its sales and earnings forecasts for the year. Meanwhile, National Bank of Greece and Alpha Bank gained 65 and 5% respectively. Carrefour SA climbed 2.5% after reporting a gain in revenue, while Nestle SA declined 2.9% after the world’s largest food company reduced its annual revenue forecast. Oct 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CHF risks a pullback to 0.9358/0.9260 – Commerzbank FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pairs could re-visit the area of 0.9358/0.9260 in the near term. Key Quotes “USD/CHF’s still oscillates around the 200 day ma at .9518 and near term risk remains for losses to the .9358/.9260 five month support line and recent low, from where we would expect to see signs of recovery”. “Rallies will find initial resistance at the .9646 13 October high”. Oct 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD: offered again at 100-DMA FXStreet (Mumbai) - Another attempt to take out 100-DMA in early Europe ran into offers again, pushing the GBP/USD pair back to 1.5470 levels. Weekly gain on cards Sterling is on track to score its second weekly gain on the back of an upbeat UK wage data and dismal US data. The spot had hit a low of 1.52 earlier this week, following which a spike in the buying interest pushed the pair to a weekly high of 1.5509 levels. Moreover, the USD was smoked right from the start of the week. Consequently, profit taking ahead of the weekend may keep the cable under pressure today. The US industrial production and consumer confidence figure may do little to change the direction in the pair. GBP/USD Technical Levels The immediate resistance is seen at 1.5486 (100-DMA), above which the pair could target 1.5509 (previous day’s high). A break above the same would expose 1.5568 (38.2% of Jul 14-Apr 15 plunge). On the lower side, a failure to take out 100-DMA could push the spot back to 1.5404 (50-DMA). Oct 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX Supercharged REAL CONTEST current position! Win Tesla Model S, Smart Fortwo or Renault Twizy! Open a Contest Account and Deposit it. Trade and receive achievements. Interact with other traders. Win one of 10 amazing prizes. View contest standings Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

USD/JPY door open for a test of 116.87 – Commerzbank FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the current downside in spot could extend towards the 116.87 level. Key Quotes “USD/JPY is side-lined but also under pressure in a 118.60- 121.76 range. For now we will continue to target the 118.33 March low en route to the 2012-2015 116.87 uptrend”. “We look for this to hold the downside and provoke longer term recovery”. “Resistance above last week’s high at 120.57 can be seen along the 200 day moving average at 120.90” Oct 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY upside appears capped around 119.60 – OCBC FXStreet (Edinburgh) - In the view of Emmanuel Ng, FX Strategist at OCBC Bank, occasional bullish attempts in USD/JPY could face strong resistance at 119.60. Key Quotes “In the current environment, the pair is expected to remain inherently top heavy, especially if dollar vulnerability is mated with underlying risk aversion”. “A sustained breach of 118.60 may risk a subsequent decay towards 118.00 while 119.60 may cap in the near term”. Oct 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Abenomics first two arrows are a success – Japan’s Suga FXStreet (Mumbai) - Japanese government’s Chief cabinet secretary Suga, while speaking to Bloomberg, hailed the first two arrows – fiscal stimulus, monetary easing - of Abenomics as a success. Suga added that the third arrow – structural reforms – will take more time over mid-long term. Trans-Pacific Partnership (TPP) is the most important part of third Arrow, said Suga, while stating further that TPP agreement means Japan economy can take a leap forward. Oct 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Additional set of instruments necessary – ECB’s Nowotny FXStreet (Mumbai) - The European Central Bank member Nowotny was on the wires stating that the bank is clearly missing its inflation target and thus a new set of instruments are necessary. Speaking in Warsaw Nowotny said "In my view it's quite obvious that additional sets of instruments are necessary". Nowotny added that core inflation is also below bank’s target and that new instruments are to include structural measures. Oct 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD drops as European stocks rally FXStreet (Mumbai) - The bid tone on EUR weakened, making way for a correction in the EUR/USD pair after the European stocks cheered the drop in the Fed rate hike bets. Offered near 1.15 The spot ran into offers near 1.1495 as the European stocks rallied, with the pan-European blue chip Euro Stoxx 50 index rising 1%. The drop to a session low of 1.1430 also marked a failure to sustain above 1.1475 (161.8% expansion of March low-March high-April low). Later in the day, the US CPI could alter Fed rate hike bets and sentiment in the stock markets and accordingly influence the EUR/USD pair. EUR/USD Technical Levels The immediate support is seen at 1.14, under which the spot could target 5-DMA at 1.1369.a break below the same could see the pair test 10-DMA at 1.1316. On the other side, a break above 1.1475 (161.8% expansion of March low-March high-April low), could see the pair test offers at 1.15 levels. Oct 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US CPI preview: We are going negative – Deutsche Bank FXStreet (Delhi) – Jim Reid, Research Analyst at Deutsche Bank, suggests that all eyes will be on the US this afternoon, with the September CPI print the highlight. Key Quotes “Consensus estimates are for a soft headline reading (-0.2% mom) which will be enough to drag the YoY back into deflationary territory at -0.1%. Estimates for the core are running at +0.1% mom, with the YoY rate unchanged at +1.8%.” “Away from this, we’ll also get initial jobless claims, October empire manufacturing, average weekly earnings, the Philly Fed business outlook print and the September monthly budget statement later tonight.” “Fedspeak wise we are due to hear from Bullard and Dudley, both due to speak at 3.30pm BST, followed by Mester later tonight (due 9.30pm BST). On the earnings front, Goldman Sachs and Citigroup are the banks due to report in the early afternoon, while Schlumberger (after the close) will be worth keeping an eye on as an early indicator into the energy sector.” Oct 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX Spreads and conditions! Please find information about OctaFX forex spreads and other trading conditions on this page including actual swap rates, pip prices for various currency pairs and all the relevant information for your trading. * 1 point (pip) is calculated as: For 5-digit pricing currency pairs - by 4th digit (0.0001); For 3-digit pricing currency pairs - by 2nd digit (0.01). For XAUUSD - by 1st digit (0.1). Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!