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Gold drops after US consumer spending report FXStreet (Mumbai) - Gold prices dropped into losses on Monday after the data in the US showed personal spending rose at a lower pace in June. Stuck near 5-1/2 year lows The metal is struggling near 5-1/2 year lows as markets believe the Fed is on track to raise interest rates in September. The official data released today showed personal spending growth slowed to 0.2% in June. The report also included downward revisions to the previous month’s personal spending and income figures. Still, the Treasury yields have remained more or less unchanged, indicating the slightly dismal data has not had any effect on the rate hike bets in the US. Moreover, the personal spending has ticked higher in Q2, compared to the slowdown seen in Q1. The metal currently trades 0.48% lower at USD 1089/Oz. Ahead in the day, the prices could be influenced by the US ISM manufacturing index and the sentiment on the Wall Street. Gold Technical Levels The immediate resistance is located at 1100, above which the metal could target 1104.90 (July 27 high). On the flip side, support is seen at 1088 (July 27 low) and 1073.70 (July 24 low). Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD stays near lows after US data FXStreet (Córdoba) - EUR/USD continues to trade at daily lows, having erased almost completely Friday’s gains, barely affected by the release of US consumer spending data. US personal spending rises 0.2% in June US Personal spending rose 0.2% in June, posting the smallest gain since February and matching expectations, while personal income rose 0.4% in the same month, slightly above the 0.3% rise expected. Meanwhile, consumer inflation measured by PCE price index, the Fed’s preferred inflation gauge, rose 0.2% in June and 0.3% YoY, while excluding volatile food and energy categories, PCE price index rose 0.1% MoM and 1.3% YoY. EUR/USD edged slightly up but remained overall unchanged trading near lows at the 1.0950 area, down 0.3% on the day. The pair reached a high of 1.113 Friday’s NY session following disappointing US wage data, but failed to hold and retraced most gains. EUR/USD levels to watch As for technical levels, EUR/USD could find next resistances at 1.0995 (Aug 3 high/100-hour SMA), 1.1023 (100-day SMA) and 1.1113 (Jul 31 high). On the other hand, supports are seen at 1.0940 (Aug 3 low), 1.0920 (Jul 31 low) and 1.0893 (Jul 30 low). Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Core Personal Consumption Expenditure - Price Index (MoM) meets forecasts (0.1%) in June FXStreet.com (Barcelona) For more information, read our latest Aug 03,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX Markets! Economic Calendar You can view OctaFX Economic Calendar here with all the important news releases for the coming week. The values are updated after the news is released. Forex News Read the latest Forex news, financial prognosis and other related data from the world's most informative and reliable sources. Stay up to date in the current market state. Forex Calculator Forex Calculator is a very useful tool for all the traders out there. It allows you to calculate required margin, pips price and many other parameters National Holidays Calendar You can view the holiday calendar of various countries here. Please note that on some of these holidays markets will be closed (e.g. Christmas, U.S. Independence Day, etc). World Banks Interest Rates Please find the interest rates of various banks around the world on this page. Worldwide Interest Rates are presented here for educational purposes. Real-time Live Quotes These are the current live quotes from OctaFX. All the quotes are updated in real-time. Please feel free to use them in educational and informational purposes. We invite you to be part of OctaFx for your success future, OctaFx offering 50% each deposit bonus as well 8USD no deposit bonus, fast server no re-quoutes guaranty so, join right way to became successful trader. We are here to help 24/7 because its our pleasure to server you! Feel free to ask any question about OctaFX. we are glad to serve you the right way. 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!

United States Employment cost index came in at 0.2%, below expectations (0.6%) FXStreet.com (Barcelona) For more information, read our latest forex news. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US ECI on the spotlight today – Danske Bank FXStreet (Edinburgh) - Senior Analyst Pernille Henneberg at Danske Bank noted the relevance of today’s ECI release in the US docket. Key Quotes “The main release today is the US employment cost index, which is set to increase 0.6% q/q”. “The quarterly index so far indicates that wage inflation is picking up in line with the diminishing slack in the labour market”. “The release today is important for our call for a first Fed rate hike at the next FOMC meeting in September, but the FOMC will get additional information about the labour market development as the July and August job market reports will be released ahead of the September meeting”. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD could break below the range, eyes on 1.06 – Westpac FXStreet (Edinburgh) - Sean Callow, Strategist at Westpac, sees the pair breaching the current floor of the range at the 1.0800 mark, eventually. Key Quotes “As noted above, we expect underlying demand for US dollars but no dramatic rise”. “This probably means EUR/ USD is not quite ready to break the closely-watched 1.08 support level that has held since April”. “The euro has held up remarkably well through a European summer of great turmoil in Greece and ongoing, large scale ECB money printing… the Eurozone’s large trade surpluses are likely to be key to EUR resilience” “Specifically, Germany’s trade surplus has risen from around EUR14bn per month early 2012 to an average of EUR21.5bn over the 3mths to May 2015, an annualized EUR258bn”. “That’s a lot of demand for euros at a time when portfolio outflows will be dampened by European summer markets”. “But given negative interest rates on deposits and QE contrasting to an upbeat Fed and US, it is hard not to expect that eventually EUR/USD will break lower, towards 1.06”. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Russian central bank cuts interest rate by 0.5% FXStreet (Mumbai) - The Bank of Russia announced a cut in the key interest rate by 0.5% to 11.00% per annum in response to major macroeconomic indicators demonstrate further economy cooling. According to the central bank, “the balance of risks shifts towards the considerable economy cooling despite a slight increase in inflation risks. According to the Bank of Russia forecast, consumer price growth will continue to slow amid slack domestic demand. Annual inflation will fall below 7% in July 2016 and reach the 4% target in 2017. The Bank of Russia will further decide on its key rate depending on the balance of inflation risks and risks of economy cooling.” The bank added, “the economic situation in Russia will further depend on the dynamics of world energy prices and the economy’s ability to adapt to external shocks. At the same time the scenario with oil prices remaining below US$60 per barrel for a long time is more probable than it was in June.” The decision comes at a time when Crude prices are on the way to its fifth consecutive weekly loss. July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US Dollar drops to lows near 97.30 FXStreet (Edinburgh) - The greenback, tracked by the US Dollar Index, is surrendering part of the recent strong gains and testing session lows near 97.30 on Friday. US Dollar remains above 97.00 After three consecutive sessions with gains, the dollar is now shedding part of the recent spike to the boundaries of 97.80 and navigating the lower end of the daily range in the 97.35/30 band, all amidst some profit-taking amongst investors and the usual month-end adjustment. Next of relevance for USD will be the ECI (Employment Cost Index), expected at 0.6% during the second quarter, ahead of the final figures for the Consumer Sentiment tracked by the Reuters/Michigan index, seen at 94.0. US Dollar relevant levels As of writing the index is down 0.21% at 97.35 with the next support at 97.26 (low Jul.31) followed by 96.29 (low Jul.27) and then 96.26 (low Jul.14). On the other hand, a breakout of 97.97 (high Jul.17) would aim for 98.16 (high Jul.20) and finally 98.46 (high Apr.21). July 31,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY: buy the dips below 123.00 – Westpac FXStreet (Edinburgh) - Strategist at Westpac Robert Rennie sees dips to sub-123.00 levels as buying opportunities. Key Quotes “We have stuck with a buy USD/JPY dips bias for a number of weeks now. We still see that as a story that will develop more fully through August/ September”. “Likely weak Q2 GDP in Japan (August 17) and Fed lift-off (Sep 17) should be the catalysts for a reasonably significant move higher in USD/JPY”. “Between now and then, use dips below 123 as an opportunity to buy”. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

IMF won't agree on Greek bailout without debt relief FXStreet (Córdoba) - An IMF official stated that they will not back a Greek debt programme until Athens and its creditors find a way to collaborate to make the country’s debt sustainable, via Reuters. Comments from official support earlier FT story. Official said crisis requires difficult decisions on all sides and the IMF won’t fund Greece without a debt relief pledge. However, the IMF would remain fully involved in Greek talks. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD: waiting for a breakdown of the range – Westpac FXStreet (Edinburgh) - In the view of Richard Franulovich, Strategist at Westpac, the current range in the pair could be broken to the downside. Key Quotes “EUR/USD’s three month 1.08-1.14 range looks like extending for a while yet, the region’s healthy basic balance (driven mainly by trade surpluses rather than capital flows) containing what should otherwise be a healthy persistent depreciation driven by negative short term interest rates and ongoing ECB QE”. “Even so, the medium term risks remain skewed lower. The renewed slump in commodity prices and the region’s still large output gap point to ongoing fragility in inflation expectations and by implication high risks of ECB QE for longer”. “The 1.08-1.14 range should thus eventually break to the downside”. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD Index retreats from highs, near 97.40 FXStreet (Edinburgh) - The USD Index, which gauges the greenback against a basket of its main rivals, is now back to the 97.40 area after hitting daily tops around 97.60. USD Index bolstered by US docket The greenback quickly clinched session highs in the 97.60 area following the results in the US docket, although the bull run proved to be short-lived and retreated to the current 97.40/45 band. Data showed that the US economy has expanded 2.3% on a yearly basis between April and June, up from the 0.6% seen during the first quarter (revised up from -0.2%) albeit missing forecasts for a 2.6% expansion. Adding to the positive tone, Initial Claims rose to 267K in the week ended on July 24th, beating expectations at 270K. USD Index relevant levels As of writing the index is up 0.47% at 97.42 and a breakout of 97.59 (high Jul.30) would aim for 97.62 (high Jul.24) and finally 98.46 (high Apr.21). On the flip side, the immediate support aligns at 96.29 (low Jul.27) ahead of 96.26 (low Jul.14) and then 95.63 (low Jul.13). July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US initial jobless claims rise less than expected FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits stayed near cyclical lows, a sign that the labor market continues to improve. Jobless claims stay below 300K for the 21st consecutive week The initial jobless claims rose to 267K in the week ended July 24, compared to the estimated rise to 270K from previous week’s print of 255K. The four-week average of claims, which provides a more accurate picture of the labor market strength, fell 3,750 to 274,750 last week. The continuing claims rose 46,000 to 2.26 million in the week ended July 18. The so-called continuing claims covered the week during which the government surveyed households for July's unemployment rate. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY moves beyond 124.50 FXStreet (Edinburgh) - The US dollar continues to appreciate vs. its Japanese counterpart on Thursday, now pushing USD/JPY to fresh tops near 124.60. USD/JPY stronger on US data The pair is gathering further traction despite the US GDP for the second quarter expanded at an annual pace of 2.3% vs. 2.6% initially forecasted. In addition, Initial Claims have beaten expectations once again at 267K in the week ended on July 24th and inflation tracked by the Personal Consumption Expenditures rose 2.2% QoQ – Core PCE at 1.8% inter-quarter. USD/JPY relevant levels At the moment the pair is advancing 0.38% at 124.42 facing the next hurdle at 124.55 (high Jul.30) followed by 124.58 (high Jun.10) and then 125.05 (high Jun.1). On the other hand, a breakdown of 123.40 (low Jul.29) would open the door to 123.01 (low Jul.27) and finally 122.50 (low Jul.14). July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

German CPI prints lower than expected in July FXStreet (Mumbai) - The preliminary data released by the Destatis revealed the inflation as measured by the consumer price index (CPI) rose 0.2% year-on-year, compared to the expectation of 0.3%. The CPI stood at 0.3% in June. Month-on-month CPI printed at 0.2%, slightly lower than the expected rise to 0.3% from the 0.2% contraction seen in June. The Harmonised Index of Consumer Prices (HICP) printed in line with the estimates at 0.3% month-on-month and 0.1% year-on-year. The slowdown in the inflation is mainly due to the sharp drop in the household energy and motor fuels prices (-6.2%). July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Chile Industrial Production (YoY) up to 1.7% in June from previous -3.3% FXStreet.com (Barcelona) For more information, read our latest forex news. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Banxico to keep rates at 3.0% - BBH FXStreet (Edinburgh) - The Research Team at BBH expects the Mexican central bank to stand put at today’s meeting. Key Quotes “Mexico central bank meets and is expected to keep rates steady at 3.0%”. “Mid-July CPI came in lower than expected at 2.76% y/y vs. 2.87% consensus”. “This was the lowest since at least 1989, and moves further below the 3% target”. “Real sector data remains fairly soft. Under these conditions, we do not expect Banco de Mexico to make good on its intent to hike rates this year”. “USD/MXN is making new all-time highs this week, yet there simply has been no inflation pass-through to date”. July 30,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Economic Calendar,Forex Calculator and more available at OctaFX.com! Dear clients! Whenever you need market information, a forex calculator or the time of the important news release – it’s all here for you: Forex Calculator - a very useful tool for all the traders out there. It allows calculating required margin, pips price and many other parameters. Economic Calendar – a must-use tool for any trader. It lists all the important news releases for the upcoming week. Real Time Live Quotes – quotes for all the OctaFX forex currency pairs are available on this page so you always know the current rates And a lot of other important information for you is now available in the Markets sectionof OctaFX.com. We are proud to be providing top forex brokerage services to our clients all around the world. Stay tuned for the news and updates from OctaFX! You can view OctaFX Economic Calendar here with all the important news releases for the coming week. The values are updated after the news is released. Explore new level of trading with OctaFX! Thank you for choosing OctaFX as your top-notch 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! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

Expect further easing by RBNZ, albeit at a slower pace – BBH FXStreet (Edinburgh) - Analysts at BBH have assessed the recent speech by RBNZ’s Wheeler and its implications for the Kiwi dollar. Key Quotes “Governor Wheeler of the Reserve Bank of New Zealand pushed against expectations for dramatic rate cuts but did reiterate the need for a lower New Zealand dollar and scope for additional rate cuts”. “The mini-tightening cycle was worth 100 bp and half of it has been unwound”. “We look for the other half to be unwound in the coming months”. “Kiwi initially rallied to $0.6740, a little more than three-quarters of a percent, but gave it all back in subsequent activity”. July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/JPY spikes to 193.50 FXStreet (Mumbai) - The GBP/JPY rose to 193.50 on Wednesday, in a move which appears to be an extension of Tuesday’s post-UK GDP rally in the GBP. Takes out key Fib resistance The spot is back above 193.30, which is the 76.4% fib retracement of the fall from 195.876 to 184.987. The pair jumped from the 50-DMA support on Tuesday after the UK Q2 GDP showed the economy expanded 0.7%; its tenth straight expansion. The GBP/JPY could continue to rise ahead of the FOMC statement if the US desks ditch the USD in anticipation of a non-committal by the Fed. GBP/JPY Technical Levels The spot currently trades around 193.45. The immediate resistance is seen at 194.37 (July 17 high), ahead of the major resistance at 195.87 (June 24 high). On the other hand, support is seen at 193.30 (76.4% fib of 195.876-184.987) and 191.75 (50-DMA). July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Commodity currencies drop ahead of the FOMC statement FXStreet (Mumbai) - The commodity currency pack has weakened against the American dollar despite even though the Chinese equity markets stabilized and clocked 3% gains today. The Kiwi had strengthened earlier today after RBNZ governor said the economy is not weak enough for more aggressive rate cuts. However, the USD demand spiked in the early European session, pushing the NZD/USD pair below 0.67 handle. The pair now trades around 0.6670; down 0.10% on the day. Meanwhile, the weakness in the commodity prices continues to weigh over the Aussie. The AUD/USD pair fell 0.40% to trade around 0.7300 handle. The AUD was also a victim of a drop in the AUD/NZD cross after RBNZ governor’s comments. The Canadian dollar also trades moderately weak, tracking 0.5% fall in Crude prices in the US. The USD/CAD pair strengthened 0.20% to trade around 1.2950 levels. Investors remain focused on the FOMC statement due for release later today. It is widely expected that Fed would reiterate that “lift-off” is data dependent and express concerns regarding the turbulence in China and weakness in commodities. July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD: pushes through key fib resistance, will it sustain? FXStreet (Mumbai) - The bulls have finally managed to push the GBP/USD spot through 1.5639 (38.2% Fib R of June rally), although it remains to be seen if it manages to sustain above the same till NY closing. Will it sustain above Fib level The spot managed to rise above the said level on few occasions since July 1, but failed to witness a daily close. Consequently, the GBP bulls may have a hard time extending the gains, especially if the US new home sales data surprises on the positive side, while the Fed ignores the overseas turbulence in its policy statement. The Fed is widely expected to reiterate that rate hike decision is data dependent, while expressing concerns regarding the situation in China. GBP/USD Technical Levels The spot currently trades at 1.5640. The gains could be extended to 1.5670 (July 23 high). On the other hand, failure to sustain above 1.5639 (38.2% Fib R of June rally) could see the spot re-test 1.56 handle. July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/JPY aims to break above 137.11 – Commerzbank FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, expects the cross could overcome the 137.11 levels in the near term. Key Quotes “EUR/JPY is probing the 200 day ma at 137.11. It continues to recover off the 3 month uptrend at 134.93. We will look for a break above the 200 day ma shortly - this will introduce scope to the 140.70/141.06 recent highs, which are again expected to act as tough resistance for the market”. “Currently the Elliott wave count on the daily chart is suggesting that the market will fail in this vicinity”. “Below the 134.93 uptrend, Key support lies at 133.57/10, the lows since May”. July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United Kingdom CBI Distributive Trades Survey - Realized (MoM) registered at 21, below expectations (30) in July FXStreet.com (Barcelona) For more information, read our latest forex news. July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!