OctaFX_Farid

United States Factory Orders (MoM) registered at 0.7% above expectations (0.5%) in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 03, 2014 OctaFX.Com News Updates

United States IBD/TIPP Economic Optimism (MoM) registered at 47.7 above expectations (46.5) in June Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 03, 2014 OctaFX.Com News Updates

Singapore Purchasing Managers Index down to 50.8 in May from previous 51.1 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 03, 2014 OctaFX.Com News Updates

OctaFX.com- OctaFX awards 6000$ to Trading Sprint Demo Contest Winners! We had been watching the competition closely with great interest to the very moment when 2549 traders crossed the finish line! Today OctaFX team congratulates the winners and awards the prizes! According to the performance of traders, 6000$ prize fund is distributed between five winners: 1st place with the award of 2500 USD goes to Mr. Gennadi Gavruchenkov from Russia 2nd place with the award of 1500 USD goes to Mrs. Ayomi Andina from Indonesia 3rd place with the award of 1000 USD goes to Mr. Rashid Abdullaev from Uzbekistan 4th place with the award of 700 USD goes to Mr. Lisong Zhang from China 5th place with the award of 300 USD goes to Mr. Wahyuno from Indonesia Absolute winner, Mr. Gennadi Gavruchenkov, accelerated towards victory within first days of the entire run and sustained the position! Surprisingly, both most losing and most winning trades were performed by our winner! OctaFX team cannot wait to hear from Mr. Gennadi Gavruchenkov and to ask for some advice for the traders’ community! Overall, 494 contestants ended the competition in profit, with the total amount of winning trades reaching 105 346, which is twice as much than the amount of losing trades throughout the contest. We would like to thank all the participants for competing with determination, trading persistently to the last minute of the contest! The interviews with our winners are to be published within several days, so stay tuned not to miss the excitement that victory brings! Follow your dreams 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!

OctaFX.com- OctaFX awards 6000$ to Trading Sprint Demo Contest Winners! We had been watching the competition closely with great interest to the very moment when 2549 traders crossed the finish line! Today OctaFX team congratulates the winners and awards the prizes! According to the performance of traders, 6000$ prize fund is distributed between five winners: 1st place with the award of 2500 USD goes to Mr. Gennadi Gavruchenkov from Russia 2nd place with the award of 1500 USD goes to Mrs. Ayomi Andina from Indonesia 3rd place with the award of 1000 USD goes to Mr. Rashid Abdullaev from Uzbekistan 4th place with the award of 700 USD goes to Mr. Lisong Zhang from China 5th place with the award of 300 USD goes to Mr. Wahyuno from Indonesia Absolute winner, Mr. Gennadi Gavruchenkov, accelerated towards victory within first days of the entire run and sustained the position! Surprisingly, both most losing and most winning trades were performed by our winner! OctaFX team cannot wait to hear from Mr. Gennadi Gavruchenkov and to ask for some advice for the traders’ community! Overall, 494 contestants ended the competition in profit, with the total amount of winning trades reaching 105 346, which is twice as much than the amount of losing trades throughout the contest. We would like to thank all the participants for competing with determination, trading persistently to the last minute of the contest! The interviews with our winners are to be published within several days, so stay tuned not to miss the excitement that victory brings! Follow your dreams 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/CAD likely to consolidate either side of 1.1000 - Scotiabank FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank commented that the BoC is likely to reiterate its neutral stance next Wednesday, which would support a range bound environment for USD/CAD either side of 1.1000. Key Quotes “BoC is likely to reiterate its neutral stance, emphasizing that interest rates are on hold for an extended period. Friday’s Q1 GDP was disappointing, with soft exports and business investment suggesting that the anticipated shift in the economy continues to prove elusive. However with headline inflation at 2% it will be hard for the BoC to signal anything dovish”. “The market is pricing in a balanced outlook for interest rates, with no probability of a hike or cut priced in. For CAD this is likely to support a somewhat range bound environment; with USD/CAD either side of 1.10”. “USD/CAD short‐term technicals: mixed—and range bound warns that for near‐term traders there is better risk/reward elsewhere. Support lies at the recent low of 1.0814 while resistance lies at the recent high of 1.0942”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

USD/JPY stumbles after ISM manufacturing FXStreet (Córdoba) - The USD/JPY tripped and fell toward the 102.00 area after the ISM manufacturing index came in well below market’s expectations. The Institute for Supply Management said its manufacturing index fell to 53.2 in May from 54.9 in April. That fell short of the 55.8 forecast although readings above 50.0 point to expansion in the sector. The USD/JPY backed away from a 2-week high of 102.28 and slid to 102.04 before finding support. At time of writing, the USD/JPY is trading at the 102.10 area, still 0.26% above its opening price. USD/JPY technical perspective “In the 4 hours chart indicators also present a strong upward momentum that will prevail as long as buyers surge on dips down to 102.00”, said Valeria Bednarik, chief analyst at FXStreet. “Daily chart shows 100 SMA around 102.35, offering intraday resistance: accelerations above this latter should lead to the 102.70/103.00 price zone”. USD/JPY levels to watch In terms of technical levels, if the USD/JPY next resistances could be found at 102.27/28 (May 14 & June 2 highs) and 102.35/37 (May 13 high/100-day SMA). On the other hand, supports are seen at 101.75 (Jun 2 low), 101.42 (May 29 low) and 101.35 (May 22 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

USD/CAD hits 1.0900 FXStreet (Edinburgh) - The greenback is now picking up pace vs. its Canadian counterpart on Monday, lifting the USD/CAD to post multi-day highs around 1.0900 the figure. USD/CAD in 2-week highs The pair managed to leave behind the overnight consolidation around 1.0840 to briefly climb above the 1.0900 handle after mixed data from the US docket: Markit manufacturing PMI surprised investors to the upside in May (56.4 act. vs. 55.5 exp.) while the ISM Manufacturing dropped to 53.2 vs. 55.4 forecasted. “The pair has struggled to sustain upward momentum away from the trend line resistance-turned-support drawn off of the March peak. Gains above 1.0868 would open up a run into 1.0940/50; conversely, a break below 1.0819 would enable a slide towards 1.0750”, commented Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD key levels At the moment the pair is up 0.45% at 1.0895 and a break above 1.0942 (high May 21) ahead of 1.0962 (61.8% of 1.1053-1.0814) and finally 1.1001 (21-w MA). On the flip side, the initial support lines up at 1.0814 (low May 8) ahead of 1.0762 (low Jan.8) and then 1.0737 (high Dec.20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

United States ISM Prices Paid above forecasts (57) in May: Actual (60) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

EUR shorts increased last week - Societe Generale FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, noted the increase in EUR short positions, according to the last CFTC report. Key Quotes "CFTC positioning data for last Tuesday show that EUR shorts increased. They are back to levels which preceded the Euro bottoming-out after the last ECB rate cut in November, though relative to a longer-term history the short position is small." "A 10-bp cut in both Refi and Deposit rates is universally expected this week, and the market is merrily muttering about what more the ECB can do. The result is that we may see a lack of trend for the next few days." "SG Economists are looking for a targeted LTRO, an end to SMP sterilisation, and a EUR 300bn asset purchase programme, targeted at the private sector. That would amount to a slightly more aggressive package than the market is priced for." "This would be risk-friendly, helping peripheral and financial sector debt and equity, rather than moving EUR/USD very far, though we remain seller of the Euro vs PLN, TRY, GBP and NOK and a short-covering rally in EUR/USD, would be a chance to sell. In the meantime, we watch peripheral European PMIs this morning and preliminary German CPI data for May. On which note, so far, a soft Saxony figure." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

Germany: CPI (May) at 0.9% YoY FXStreet (Edinburgh) - The preliminary May CPI in Germany showed that consumer prices expanded at an annual pace of 0.9%, missing forecasts for 1.1% gain and lower than the 1.3% previous. On a monthly basis, prices contracted 0.1% vs. 0.2% expected. The HICP rose 0.6% over the last twelve months and contracted 0.3% inter-month. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

Session Recap: Euro weighed by PMIs FXStreet (Córdoba) - It was a lively session for the Euro amid Eurozone PMIs releases as investors await the ECB meeting Thursday. The EUR/USD was weighed by disappointing PMIs across the Eurozone and soft German inflation figures ahead of the Eurozone CPI tomorrow. The EUR/USD remains vulnerable near recent lows ahead of teh European Central Bank policy meeting Thursday. Consensus is now calling for cuts of the 3 main rates. However, with much of this move already priced in, EUR bears might want to take profits if the bank does not surprise. The EUR/USD fell to a low of 1.3593 before quickly bouncing back above 1.3600. Elsewhere, majors had a quiet session. The GBP/USD was steady around 1.6750 while the USD/JPY steadied around 102.00 after rising during Asian hours. The USD/CHF moved in tandem (although inversely) with the EUR/USD and reached a 5-day high of 0.8985 before pulling back. Meanwhile, the Aussie is among the worst performers weighed by weak Aus building permits. The AUD/USD hit a 4-day low of 0.9242 before bouncing slightly. During the New York session watch for US Markit manufacturing PMI, the ISM manufacturing index and construction spending. Main Headlines in Europe: What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank European stocks open broadly higher Fed's Evans: Inflation expected to remain below 2% for some time Germany: PMI Manufacturing slides to 52.3 in May EMU: PMI Manufacturing drops more than expected in May OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

AUD/USD keeps session lows FXStreet (Edinburgh) - The Aussie dollar remains unable to pick up pace on Monday, confining the AUD/USD to the lower band of the intraday range around 0.9260. AUD/USD hurt by data Poor data from Building Permits in Oz during April prompted investors to sell the Aussie overnight, sending spot to session lows just above 0.9240. Further data showed TD Securities Inflation generally in line with expectations (2.9% YoY, 0.3% MoM) although the release had no incidence on the pair. “The key question is whether domestic data can save the Aussie dollar from sliding iron ore prices. .. But 0.9200/10 remains very strong support, having held since March. And if the RBA’s language on Tue is little changed and Q1 GDP is near our expectations (3.2% y/y), the Aussie probably won’t test that key support. Broad range still 0.92-0.94, albeit with most action likely to be in the lower half of the range near term”, observed the research team at Westpac Global Strategy Group. AUD/USD levels to watch As of writing the pair is losing 0.57% at 0.9258 with the next support at 0.9210 (low May 29) ahead of 0.9208 (low May 21) and then 0.9179 (200-d MA). On the flip side, a break above 0.9303 (50-d MA) would open the door to 0.9330 (high May 30) and finally 0.9336 (high May 20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates

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OctaFX.com-More than 200000 real accounts opened! Since the day of establishing the company, we went through significant changes in all the fields, constantly improving every available feature and today OctaFX team is thrilled to bits to announce that more than 200 000 clients trust us! 200 000 account is opened today, and it becomes one of the landmarks in our history! For you to celebrate this important event with us, we have found several reasons to join more than 200 000 content traders, confirmed statistically: OctaFX unites clients from over 150 countries of the world , which makes us a truly global broker Total volume of more than 4 billion USD is traded within a usual day Over 500 new accounts are opened daily Over 50000 profitable trades are executed daily by our customers Less than 300 people a day address our award-winning Customer Support, which means that the rest are perfectly satisfied with our services We have received 8 prestigious awards in 3 years from reliable and competent observers of the Forex Industry We are immensely proud to provide you with the best service possible and keep the standards high, in line with company motto “Let the traders trade and we will take care of everything else”. Thank you for staying our dedicated clients. OctaFX CEO OctaFX team continues to do everything possible for your trading experience to be convenient and is always open to any feedback. Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today![/size] Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

EUR/USD: recovery capped by 200-day SMA FXStreet (Córdoba) - In another quiet US session, Greenback consolidated losses versus the European currencies and finished unchanged against commodity currencies. Over the week, the best performer where the Aussie, the Loonie and the Yen. The EUR/USD traded all day above 1.3600 but found resistance at 1.3650 and pulled back to finish hovering around 1.3630, with marginal weekly gains. The Euro managed to stabilized across the board after falling for four consecutive weeks ahead of next Thursday ECB meeting. The GBP/USD climbed on Friday, trimming weekly losses and approached 1.6800. The Pound was among the worst performers during the week and finished lower versus the other European currencies. The Yen pulled back across the board on Friday, but ended the week higher, with moderate gains. The USD/JPY finished below 102.00 but far from Thursday's lows. The US dollar lost momentum on Friday after the release of US economic data. During May Greenback had an acceptable performance rising against most traded currencies, except the Yen, the Loonie and the Aussie. Gold fell again on Friday reaching fresh 4-month lows at $1,242 and posted the lowest monthly close since January. Crude oil fell again on Friday, losing $1,5 for the week, but managed to hold above $102 a barrel. Main headlines in the American session ">Gold drops further, bottoms at $1,242 USD/CHF erases weekly gains ">EUR/USD deflates from highs USD/JPY rises above 101.70 ">USD/CAD jumps after Canadian GDP miss Fed's Pianalto: Inflation is a two-sided threat OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 31, 2014 OctaFX.Com News Updates

EUR/USD: recovery capped by 200-day SMA FXStreet (Córdoba) - The EUR/USD saw a short-lived spike to fresh daily highs at the beginning of the American session but lacked follow-through and surrendered gains. The dollar also managed to temper losses after the US Chicago PMI came in better-than-expected in May. The PMI rose to 65.5 rather than the expected fall to 61.0 from 63.0 points scored in April. The EUR/USD reached 2-day high of 1.3638 but was halted by the 200-day SMA. At time of writing, the pair is trading at 1.3620, still up 0.15% on the day. However, the euro is set to end the week little changed and the month with a 1.7% loss, pressured by perspectives the ECB might ease its policy further when it meets on Jun 5th. The ECB meeting is not the only major event next week. The Eurozone will release CPI figures and the US will publish the nonfarm payrolls report. EUR/USD technical levels In terms of technical levels, if the EUR/USD breaks decisively above 1.3638 (200-day SMA), next resistances could be found at 1.3668 (May 27 high) and 1.3700 (psychological level). On the other hand, supports are seen at 1.3585 (May 29 low), 1.3561 (feb 12 low) and 1.3520 (Fibo 38.2% of 1.2757/1.3993). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates

United States Chicago Purchasing Managers' Index above expectations (61) in May: Actual (65.5) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates

EUR/USD edging higher, eyes on 1.3620 FXStreet (Edinburgh) - The shared currency looks to put further distance from the key support at 1.3600 on Friday, taking the EUR/USD to test the upper band around 1.3615/20. EUR/USD indifferent after data The pair has practically paid no attention to today’s mixed results from the German retail sales and lower than expected consumer prices in Italy, managing to keep the trade above the 1.3600 handle so far. However, the heavy trade is set to prevail, as the ECB meeting is closer. “Recent euro weakness in advance of next week’s ECB policy meeting highlights that monetary easing expectations have likely already been discounted. For euro weakness to accelerate after next week’s meeting, it would likely require the ECB to either adopt some form of asset purchases or indicate that they are becoming a more realistic policy option in the near-term”, suggested the research team at BTMU. EUR/USD key levels At the moment the pair is up 0.08% at 1.3614 and a break above 1.3638 (high May 28) would open the door to 1.3644 (200-d MA) and finally 1.3655 (Tenkan Sen). On the downside, the immediate support aligns at 1.3586 (low May 29) followed by 1.3585 (low Feb.13) and then 1.3563 (low Feb.12). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates

GBP/USD: recovery falters FXStreet (Córdoba) - The recovery of the GBP/USD from 1-month lows proved to be short-lived after the Cable stalled at 1.6757 during the European session. The GBP/USD failed to overcome the 1.6760 area and came under renewed pressure, retracing most of its intraday gains ahead of the American opening. No UK data is scheduled for today but a bunch of US key figures are on the calendar while 3 FOMC member are set to speak, which could offer some catalyst to the pair. GBP/USD technical levels The GBP/USD is currently trading at the 1.6725/30 zone, still 0.09% above its opening price, with immediate resistances lining up at 1.6757 (May 30 high), 1.6768 (50-day SMA) and 1.6815 (May 28 high). On the other hand, supports are seen at 1.6692 (May 29 low), 1.6663 (100-day SMA) and 1.6603 (Apr 8 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates

OctaFX.com-is now available in Spanish and Portuguese! Next fundamental improvement this year affects our Spanish and Portuguese speaking customers! We have promised you diverse range of language versions and we kept that promise to announce today that our accessibility improved! As we consider an individual approach to every customer one of our vivid advantages, we have invested the incredible amount of effort to make communication between OctaFX and customers speaking Spanish and Portuguese direct. Both Portuguese and Spanish versions have a built-in translated Personal Area, so now managing your accounts becomes more rapid and comprehensible. Now that Personal Area speaks your language, you can easily: Deposit and withdraw funds, make internal transfers Open new accounts View account statistics Manage your personal profile Participate in our thrilling contests Receive bonuses Our web-site upgrade allows traders to be always updated on latest Company News to get to know about current promotions, trading hours or latest innovations aimed at your successful trading. OctaFX is all about making your trading experience flawless and smooth. You can always contact us for any possible inquiries you might have. Stay tuned to know about your local OctaFX web-site language version firsthand! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today![/size] Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

United States 7-Year Note Auction dipped from previous 2.317% to 2.01% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates

NZD/USD tumbles to 0.8450 FXStreet (Córdoba) - The NZD/USD broke broke below 0.8470 and fell quickly to 0.8450 reaching the lowest price since March 12. The Kiwi is falling sharply across the board. After bottoming the NZD/USD rebounded slightly and currently trades at 0.8468, down 0.29% for the day so far. The pair is falling for the second day in a row, accumulating a decline of a hundred pips. NZD/USD technical outlook The pair weakened earlier after being unable to hold above 0.8700 and accelerated to the downside after breaking short term support levels. Now headed toward the second daily close in a row below 0.8500, the outlook remains bearish. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates

United States Pending Home Sales (MoM) came in at 0.4%, below expectations (1%) in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates

Another failing bounce in the EUR/USD; back below 1.3600 The EUR/USD failed again to bounce back above the 1.3600 area following the weak US GDP number and after a brief jump from 1.3585 to trade as high as 1.3625, the EUR/USD returned below the 1.3600 in the latest few minutes. Currently, EUR/USD is trading at 1.3599, up 0.06% on the day, having posted a daily high at 1.3627 and low at 1.3586. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish. EUR/USD sentiment "The hourly chart shows 20 SMA offering short term support around the figure and with a shy bullish slope, while indicators turn lower above their midlines," affirms Valeria Bednarik from FXStreet. "In the 4 hours chart technical indicators present a mild bearish tone while 20 SMA caps the upside around the daily high." Jamie Coleman from FXBeat commented that the EUR/USD is back below 1.3600 as "the dollar index is taking another peek at 80.58/60. That level is key for further broad USD strength." Coleman points that the pair support "remains clustered in the 1.3550/70 zone; sovereign bids have been rumored ahead of that area this morning." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates