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OctaFX.Com - Mr. Bhimashanka Ramapur describes his way to success in details!! Success stories and inspirational advice from Round 24 OctaFX Champion winners arrived! Round 24 brought us four winners enlisted below, and we have talked with two of them - Mr. Bhimashankar Ramapur and Mr. Edy Santosa- to ask is there any secret of being good at trading. 1st place – Mr. Bhimashankar Ramapur from India 2nd place – Mr. Edy Santosa from Indonesia 3rd place – Mr. Henrikus Irianto from Indonesia The last runner – Mr. Handrian from Indonesia No additional words needed when winners speak for themselves! We are happy to present you two great stories from Mr. Bhimashankar Ramapur and Mr. Edy Santosa, occupying the first and the second place in OctaFX Champion Demo contest Round 24! Mr. Bhimashanka Ramapur from India shows his appreciation: “First, I’d love to say thanks to OctaFX for organizing this Champion Demo Contest for all trader. It surely helps all OctaFX traders to get experience. Secondly, I thank friend who introduced me to OctaFX”. Mr. Ramapur was so happy, he could hardly express his feeling with words: “Basically I started a bit late to trade in this round. Nevertheless, as soon as I started I became constantly involved in trading, keeping all my attention on signals. I traded EUR/USD only, as that’s the only pair, which behavior I know way better than others. Initially EUR/USD and USD/CHF trading helped me to take my equity on track. Once I raised to the rating top, I maintained my equity and was going forward. EUR/USD and USD/CHF boosted my equity and that’s when I reached 1st rank. It was downhill from there - I maintained both my rank and equity. When I reached first place, one of my competitors tried to overtake me. He failed many times, because I think he was looking at my total balance, not my equity. Finally, he lost all his balance and that’s when I knew, that’s a confirmation of my victory. The main key factor of my victory is the EUR/USD trading. I was sure that, when the pair goes to 1.40000/1.39500, it would definitely go down in 2 weeks. So I waited for that. When EUR/USD was falling down, I knew that USD/CHF is raising in the same time, so I was buying USD/CHF as the pair was helping me to support my equity. So when EUR/USD got to 1.37, I started to buy. One more important thing is that I regularly opened high amount trades. If the trade profits near 0.2-0.5 pips, I am suddenly closing it. Since small profits make my big equity. When the market goes not in my favor, I don’t close that trade - I open half amount of the same trade in reverse instead, reducing my loss by 50%. I particularly remember one spectacular gain - 50 lots of EUR/USD - it was the first trade, which brought me first rank. Mr. Bhimashanka Ramapur adds: “I love to take challenges that OctaFX offers”. Mr. Edy Santosa from Indonesia feels really happy and proud to be the second runner in a row of 1650 traders, minding the fact that he traded calmly in European and Asian sessions’ time, not straining himself. “I have been trading 3,5 years and though I can say I am good at trading, I still learn every day. Strategies that I use are scalping and following the trend, I stick to techniques I proved to be effective on practice. While competing, I managed to keep an eye on trading and elevated my money management experience, while controlling my emotions, since it is essential not to become greedy, when you see your trend taking a right moment. I have not experienced a great loss of money due to paying close attention to the proper funds management”. Follow the glorious example – register in the next round of OctaFX Champion Demo Contest! OctaFX congratulates the awarded participants and hopes that OctaFX Champion Demo contest serves as a perfect start of a successful trading career! Spend your luckiest days with OctaFX! Stay tuned for more exciting contests from OctaFX, your top Forex broker! 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 stalled above 1.1000 FXStreet (Edinburgh) - The intraday ascent of USD/CAD seems to have found strong resistance in the area of 1.1010/00 on Monday, now correcting lower to 1.0985/80. USD/CAD supported near 1.0950 The pair is rapidly recovering from post-Payrolls troughs near 1.0950 on Friday, retaking the psychological 1.10 handle although the bull attempt run out of legs near 1.1010. Almost empty docket in Canada today, with the BoC Business Outlook Survey ahead of housing data tomorrow. “A sustained recovery back above 1.1005/10 in our session this morning will provide a little more relief for the USD and possibly pave the way for a rebound to the 1.1075/00 area and help stabilize the recent track lower. We remain broadly positive on the outlook for USDCAD”, noted Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD levels to consider As of writing the pair is up 0.10% at 1.0993 with the next resistance at 1.1078 (high Mar.28) ahead of 1.1095 (weekly Tenkan Sen) and finally 1.1106 (high Mar.27). On the flip side, a break below 1.0955 (low Mar.6) would aim for 1.0911 (low Feb.19) and then 1.0905 (low Jan.16). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 07, 2014 OctaFX.Com News Updates

USD/CHF breaks below 0.8900 FXStreet (Córdoba) - The USD/CHF came under pressure and broke below the 0.8900 mark during the European session following higher-than-expected Swiss CPI data. The Swiss consumer price index grew 0.4% in March versus 0.2% expected while YoY CPI was flat versus -0.1% forecast. Coupled with that, USD weakness persists across the board in quite slow Monday trading. The USD/CHF is extending a pullback from the 100-day SMA around 0.8950, having fallen to a low of 0.8883 so far. At time of writing, the pair is trading at the 0.8890 area, recording a 0.3% loss on the day. USD/CHF technical levels In terms of technical levels, if the USD/CHF breaks below 0.8883, next supports could be found at 0.8866 (10-day SMA) and 0.8843 (Apr 3 low). On the flip side, resistances are seen at 0.8945 (100-day SMA) and 0.9000 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 07, 2014 OctaFX.Com News Updates

Gold wobbles around $1,300 FXStreet (Edinburgh) - The ounce troy of the precious metal is grinding lower at the beginning of the week, keeping the trade in levels just shy of the $1,300 handle so far. The risk-on sentiment has taken over the markets on Monday following the ‘disappointing’ US Payrolls from last Friday (192K act. vs. 200K esp.), and prompting spot to surrender further ground. After the steep correction lower from March peaks around $1,380, gold found decent support near $1,280 although it seems to lack the vigour to leave behind $1,300 once again. At the moment gold is down 0.25% at $1,300. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 07, 2014 OctaFX.Com News Updates

EUR/JPY sticks to intraday highs FXStreet (Moscow) - EUR/JPY rebounded from the intraday low of 141.10 and reached current levels of 141.70 despite ECB officials jawboning. Money doesn’t grow on trees, what a pity! Nowotny comments pushed the pair to intraday highs of 141.78 as he said that ECB may use some other tools to stimulate economy apart from the policy rate, only to add that there is no urgency in applying them. And even Mersh with more dovish talk failed to derail the single currency from its upside trend. Alas, investors are not satisfied with just dovish rhetoric, they need real actions. They want money to grow on European trees, and won’t demonstrate a strong reaction to anything but actual steps to that effect. As I wrote in my latest blog post "EUR: Many roads down south", it is obvious that the appreciating euro really had its impact on German economy. The export oriented nature of the largest European economy is sensitive to the exchange rate of national currency, as the rise of the euromakes the goods more expensive, and less competitive on the world market. Though German industrial production came out better than expected today. it is not enough to claim full recovery of this worn out European locomotive, It was the only one that pushed the economy of the currency union last year, now it seems that it needs an overhaul. Let’s hope the European policymakers will get the idea sooner rather than later. What are today’s key EUR/JPY levels? Today's central pivot point can be found at 141.85, with support below at 141.06, 140.58 and 149.79, with resistance above at 142.24, 143.13, and 143.61. Hourly Moving Averages are bearish, with the 200SMA at 141.86 and the daily 20EMA is neutral at 141.66. Hourly RSI is bullish at 19. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 07, 2014 OctaFX.Com News Updates

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OctaFX.Com - Wishing Happy Weekend! Stay tuned for more exciting contests from OctaFX, your top Forex broker! 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 supported near 1.0960 FXStreet (Edinburgh) - The steep pullback in the USD/CAD seems to have bottomed out in sub-1.0960 levels on Friday, now attempting to regain the key 1.10 handle. USD/CAD lower on data The CAD sharply appreciated vs. its southern neighbour after the Canadian jobless rate eased a tad to 6.9% during March, following an unexpected increase of the employment change by 42.9K vs. 20K forecasted. Further upbeat data also saw the Ivey PMI rising to 61.8 in last month from 57.8. “The breakdown from the pennant formation that formed up through late March/early April suggests the potential at least for a repeat of the 270 tick decline from above 1.12 that preceded it. From the breakdown point, that implies scope for a drop to the mid 1.07s over the next couple of weeks”, observed Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD relevant levels The pair is now retreating 0.42% at 1.0988 with the next support at 1.0955 (low Mar.6) ahead of 1.0911 (low Feb.19) and finally 1.0905 (low Jan.16). On the upside, a breakout of 1.1078 (high Mar.28) would open the door to 1.1095 (weekly Tenkan Sen) and finally 1.1106 (high Mar.27). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2014 OctaFX.Com News Updates

EUR/USD pushing lower post NFPs FXStreet (London) - EUR/USD is extending its decline from the weekly high of 1.3820, to post a monthly low at 1.3676, just below current price action in the aftermath of todays US Employment data. EUR/USD declines as US Jobs slightly miss forecasts Despite an initial jolt to the upside to post a daily high at 1.3731, EUR/USD settled and eventually declined following todays jobs data. US NFPs came in at 192k against forecasts of 200k, alongside US Unemployment sticking to 6.7%. EUR/USD Technicals Currently, EUR/USD is trading at 1.3677, down -0.30% on the day, having posted a daily high at 1.3732 and low at 1.3675. Daily RSI sits at 42.91, in neutral territory while daily 2-Standard Deviation Volatility Bandwidth is shrinking at 253 pips. EUR/USD Levels Current price is 1.3680, with resistance ahead at 1.3686 (Daily 100 SMA), 1.3698 (Yesterday's Low), 1.3713 (Hourly 20 EMA), 1.3720 (Daily Open) and 1.3720 (Monthly Low). Next support to the downside can be found at 1.3678 (Weekly Classic S1), 1.3676 (Daily Classic S1), 1.3675 (Daily Low), 1.3633 (Daily Classic S2) and 1.3606 (Weekly Classic S2). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2014 OctaFX.Com News Updates

Canada Ivey Purchasing Managers Index s.a came in at 55.2 disappointing expectations (59) in March Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2014 OctaFX.Com News Updates

Global growth? Not for two years - DB FXStreet (Guatemala) - Gaël Gunubu, analyst at Deutsche Bank AG explained their view on global growth. Key Quotes: "While we maintain our core view that global growth should pickup meaningfully over the next two years, we have marked down our forecasts relative to last quarter. Broad-based EM downgrades account entirely for these downward revisions". “Broad-based EM downgrades account entirely for these downward revisions. Most notably, we reduced our growth forecast for China in 2014 by 0.8pp”. “While we continue to look for the recovery in export growth observed in the second half of last year to continue through this year and into 2015, we now expect the government will use this as an opportunity to depress investment in heavy industry even more”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2014 OctaFX.Com News Updates

Gold takes off to the moon FXStreet (Guatemala) - Gold has taken off post the US labour market details that came out this afternoon in the form of Nonfarm Payrolls. Gold rallied from $1,290.00 and is approaching on last weeks highs, scaling back all of the built up losses over the course of the week and end of last month. The dollar is mixed across the board, with knee jerk reactions and some stability forming some time after the event. This might be a major 'sell the rumour buy the fact' scenario, or perhaps investors are just not that convinced without data that is proving outstanding until the Fed is able to really be sure that they are on track for needing to manage an economy that is set to grow, requiring a tightening shift in monetary policy. The yellow mental is testing the 1,300.00 mark out and shows little signs of giving in at this stage having scored an impressive high through $1,302 so far. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2014 OctaFX.Com News Updates

GBP/USD sell rumour buy the fact FXStreet (Guatemala) - Currently, GBP/USD is trading at 1.6589, down -0.05% on the day, having posted a daily high at 1.6608 and low at 1.6554. GBP/USD has spent the entire week building up to the jobs numbers from the US and today brings about profits for the ‘smart money’ who had anticipated the data coming in line with the Feds requirements in order to continue on its tapering regime. GBP/USD Levels Current price is 1.6595, with resistance ahead at 1.6598 (Daily Open), 1.6599 (Weekly Low), 1.6604 (Hourly 200 SMA), 1.6605 (Daily 20 SMA) and 1.6608 (Daily High). Next support to the downside can be found at 1.6588 (Hourly 20 EMA), 1.6585 (Weekly Classic PP), 1.6570 (Yesterday's Low), 1.6559 (Daily Classic S1) and 1.6554 (Daily Low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2014 OctaFX.Com News Updates

AUD/USD jumps following non-farm payroll numbers FXStreet (London) - AUD/USD jumped immediately following the release of mediocre US labour market statistics. Total non-farm payroll employment rose by 192k in March, and the unemployment rate was unchanged at 6.7 percent, the US Bureau of Labor Statistics reported today. Employment grew in professional and business services, in health care, and in mining and logging. The number of unemployed persons was unchanged at 10.5 million, with the unemployment rate holding at 6.7 percent. Strong upward revisions The change in total non-farm payroll employment for January was revised from +129k to +144k, and the change for February was revised from +175k to +197k. While the print represents a strong rebound for the labour market following disruptive US weather conditions and below-normal temperatures at the beginning of the year, the bar had been set high by encouraging ISM and PMI surveys. Consensus expectations had been for a 200k print. AUD/USD spiked to a high of USD0.9283 immediately following the release before retracing to its current levels at USD0.9274, up 0.43 percent on the session and remaining in bullish territory. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2014 OctaFX.Com News Updates

OctaFX.Com - Server Maintenance this Saturday, April 5 2014! Dear customers, We would like to inform you that we will be performing a scheduled server maintenance this Saturday, April 5, from 8:00 til 15:00 Server time (GMT+2). Our website and trading servers will be temporarily unavailable during the maintenance. The planned maintenance is aimed at improvements and it will help us provide you with a faster, more reliable and more stable services. We would like to apologize for any inconvenience caused. In case of any failures, please report immediately to support@octafx.com. Thank you for your patience. Please stay tuned for the news and updates from OctaFX! Thank you for choosing OctaFX as your top-notch Forex Broker.

USD/CAD up 0.05%; technically soft FXStreet (Guatemala) - Currently, USD/CAD is trading at 1.1033, up 0.05% on the day, having posted a daily high at 1.1039 and low at 1.1003. USD/CAD has been indecisive, in a range of 40 pips. Strategists at TD Securities noted that, “USD/CAD looks technically soft and short-term trend momentum is bearish but this is not a situation that is reflected in the longer studies so we are unable to come to a “high conviction” bear view at this point. Rather, the charts highlight the rising risk of further losses and the potential for a retest of the 1.09 area”. RSI moving higher although lower momentum Currently RSI is at 61.35, up from the last hourly print at 53.59, with ADX at 20.27, up from its previous close at 17.82. Daily RSI sits at 43.75, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 1.1027, down from the last close at 1.1088 and declining. Over the past 20 days, the exponential average closing price is 1.1092, and trending lower. USD/CAD Levels Spot is presently trading at 1.1036, and next resistance can be seen at 1.1038 (Hourly 100 SMA), 1.1039 (Daily High), 1.1049 (Yesterday's High), 1.1052 (Daily Classic R1) and 1.1060 (Weekly High). Support below can be found at 1.1033 (Daily Open), 1.1027 (Daily Classic PP), 1.1024 (Weekly Low),1.1024 (Hourly 20 EMA) and 1.1005 (Daily Classic S1). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2014 OctaFX.Com News Updates

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USD/CHF soars and is up 0.57% on the day at 0.8912 FXStreet (Guatemala) - Currently, USD/CHF is trading at 0.8912, up 0.57% on the day, having posted a daily high at 0.8929 and low at 0.8843. Before the series of US data, USD/CHF had stabilised at the low seen in December and the 28th February low ahead of 0.8800/0.8777. Now, the pair has moved through the March high at 0.8896. US data wrap effecting AUD/USD Initial Jobless Claims (Mar 28) arrived disappointingly at 326k vs 317k expected. Continuing Jobless Claims (Mar 21) came in better than expected at 2.836M vs 2.840M consensus. Trade Balance (Feb) was up and worse at $-42.30B vs consensus $-38.50B. Markit Services PMI (Mar) arrived at 55.3 vs previous same while ISM Non-Manufacturing PMI (Mar) arrived lower and worse at 53.1 vs 53.5 consensus. USD/CHF key technical (neutral) Elliott wave count on the 240 minute chart suggests strong support at 0.8815. Looking to candlestick patterns, we can see a Doji formation on the 1-hour chart .Looking to a daily chart, we see that RSI is neutral at 53.78. The 200 SMA is currently at 0.8853, up from 0.8848 at the last period close, and climbing on the hourly USD/CHF chart. Moving with a range-bound trend, the exponential average closing price is 0.8834. USD/CHF Levels With spot trading at 0.8914, we can see next resistance ahead at 0.8918 (Weekly Classic R1), 0.8929 (Daily High), 0.8945 (Daily Classic R3), 0.8951 (Daily 100 SMA) and 0.8965 (Weekly Classic R2). Support below can be found at 0.8911 (Daily Classic R2), 0.8887 (Daily Classic R1), 0.8877 (Monthly High), 0.8876 (Yesterday's High) and 0.8874 (Hourly 20 EMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2014 OctaFX.Com News Updates

AUD/USD drifting back after poor performances FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9232, down -0.17% on the day, having posted a daily high at 0.9256 and low at 0.9206. AUD/USD overnight action AUD/USD had taken a dive from 0.9250 and putting pressure on 0.9210 when Retail Sales from Australia read lower than consensus today at 0.2% vs 0.3% and 1.2% previous. However, there was a turnaround now when the pair spiked to 0.9240 on Chinese data. China services activity growth strengthened to a four-month high, after the HSBC China Services Business Activity Index recorded a rise of 51.9 in March, up from 51.0 in February. BNZ research team said they had been seeing other Australian data print strongly. “The AUD was supported by stellar retail sales, employment, and export data outturns over the month of March, and the RBA’s apparent unwillingness to stand in its way has emboldened its buyers. Also, the RBA declined to talk the AUD lower, leaving the currency atop the league table. US data wrap effecting AUD/USD Initial Jobless Claims (Mar 28) arrived disappointingly at 326k vs 317k expected. Continuing Jobless Claims (Mar 21) came in better than expected at 2.836M vs 2.840M consensus. Trade Balance (Feb) was up and worse at $-42.30B vs consensus $-38.50B. Markit Services PMI (Mar) arrived at 55.3 vs previous same while ISM Non-Manufacturing PMI (Mar) arrived lower and worse at 53.1 vs 53.5 consensus. AUD/USD Levels Current price is 0.9233, with resistance ahead at 0.9233 (Hourly 20 EMA), 0.9245 (Daily Classic PP), 0.9246 (Hourly 100 SMA), 0.9247 (Weekly Low) and 0.9249 (Daily Open). Next support to the downside can be found at 0.9225 (Daily Classic S1), 0.9223 (Yesterday's Low), 0.9218 (Hourly 200 SMA), 0.9206 (Daily Low) and 0.9202 (Daily Classic S2). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2014 OctaFX.Com News Updates

Latin America EM Express: Brazil central bank raises Selic rate to 11% In line with market expectations, Brazil's central bank decided to hike its benchmark Selic rate by 25 bp to 11% on Wednesday. It also signaled its readiness to raise it further at the upcoming monetary policy meetings. According to the official statement the central bank's monetary policy committee, or Copom, "will monitor the evolution of the macroeconomic scenario until its next meeting, in order to then define the next steps in its monetary policy strategy." Brazil's central bank has been tightening policy since April last year, beginning with a 25 bp raise which was follwoed by six consecutibe 50 bp increases and finally this months 25 bp hike. The BBH Global Currency Strategy Team believe that even though the Copom "left the door open to further hikes" it would rather not do that "especially if BRL remains around these levels." "The next meeting is May 28, and a move then will depend on how the inflation readings come in," the analysts add. Economic data Mexico released Consumer Confidence data on Thursday, which showed an improvement to 88.8 in March, from 84.5 seen in February. Technicals The USD/BRL dropped by 0.38% to 2.2782 on Wednesday. The daily FXStreet Trend Index was strongly bearish, with the OB/OS Index neutral. RSI sat at 31 at the last close, and has headed higher to 55 so far today. Daily 2-StDev Volatility Bandwidth was expanding at 349 pips, with ATR (14) at 277 pips. The 1D 200 SMA was at 2.3076 , while the 1D 20 EMA was at 2.3102. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2014 OctaFX.Com News Updates

GBP/JPY breaks below 172.35 FXStreet (San Francisco) - The Sterling is currently trading lower against the Japanese Yen as the GBP/JPY is extending losses from 173.17 priced overnight to break below 172.35 and posts fresh lows for today around 172.25. Currently, GBP/JPY is trading at 172.33, down 0.22% on the day, having posted a daily high at 173.17 and low at 172.25. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. RSI is neutral at 45.25, up from 41.99 at the last hour close, while ADX is trending at 32.78, up from 20.84 previous. GBP/JPY levels to watch Below the 172.35, next resistances can be seen at 172.67 (Hourly 20 EMA), 172.73 (Weekly High) and 172.78 (Monthly High). Supports can be found at 172.25 (Daily Low), 172.25 (Yesterday's Low) and 172.05 (Hourly 100 SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2014 OctaFX.Com News Updates

ECB's Draghi signals QE could be used to fight stubborn low inflation FXStreet (Łódź) - As widely expected, the ECB Governing Council decided to keep interest rates unchanged in April, despite the threat of deflation hovering over the Eurozone. ECB head Mario Draghi said during the subsequent press conference that various unconventional measures were considered during the monetary policy meeting. Draghi said that the Governing Council saw inflation remaining at low levels for an extended period of time before it would gradually start rising towards the ECB's target. He attributed the steady fall in inflation since 2012 to the decrease in food and energy prices. The CPI number in March were surprising and the April result could be uncertain due to the late Easter holiday, which increases demand for services, so the Governing Council is waiting for more data, the ECB chief said. The Governing Council extensively discussed lowering the refinancing rate, introducing negative deposit rates as well as QE, Draghi revealed. The negative deposit rate was considered in context of maintaining price stability and not pushing down the exchange rate, which is an important factor but not a policy target. This comment pushed the euro down from from high above $1.38 to a low near $1.3740. Furthermore, Draghi said that the Governing Council was unanimous in its commitment to using both conventional andunconventional instruments to fight low inflation, not just deflation. Marc Chandler, Global Head of Currency Strategy deplored ECB's lack of action pointing out that even if “the ECB is correct and deflation does not materialize for the region as a whole, the persistence of lower than expected inflation and simply low inflation itself has a detrimental effect on investment decisions, growth, and the weight of the debt burden.” Trevor Greetham Director of Asset Allocation and Portfolio Manager of Fidelity’s Multi Asset funds was also critical of ECB's announcement: “This is more monetary-policy-on-the-cheap. The aim is to talk down the euro without actually doing anything.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2014 OctaFX.Com News Updates

Draghi's press conference: Further monetary easing not excluded FXStreet (Łódź) - Following the ECB Governing Council's decision to keep rates unchanged at the April meeting, president Mario Draghi said at the subsequent press conference that the moderate recovery in the Eurozone is progressing as expected. • “We will monitor all developments and consider all available instruments.” • Further monetary easing is not excluded, Draghi signals. • The ECB head reiterates the the forward guidance policy of maintaining interest rates at current or lower levels for an extended period of time • The Governing Council is unanimous in its commitment to using unconventional instruments within its mandate. • Inflation expected to remain low for a prolonged period of time. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2014 OctaFX.Com News Updates

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USD/JPY for 104? FXStreet (Guatemala) - Currently, USD/JPY is trading at 103.75, up 0.11% on the day, having posted a daily high at 103.95 and low at 103.58. The dollar is trading at its best level against the Japanese since last January, as noted by the Global Currency Strategy Team at Brown Brothers Harriman. “ “It seems that the combination of Japan’s retail sales tax hike, easing of tensions in both Turkey and Russia, and the firm US data and higher US Treasury yields have lifted the dollar to near JPY104”. US data positive ADP Employment Change (March) read 191K vs 195K expected. This is positive as it was close to expectations, spurring hopes for a firm US employment report on Friday. The consensus estimate there for Nonfarm payrolls on Friday is for a rise of 200,000. Then, US factory orders rose 1.6% in February, and the market was expecting just a 1.2% rise. USD/JPY Levels Spot is presently trading at 103.75, and next resistance can be seen at 103.79 (Weekly Classic R2), 103.89 (Daily Classic R1), 103.95 (Daily High), 104.13 (Daily Classic R2) and 104.53 (Daily Classic R3). Next support to the downside can be found at 103.73 (Yesterday's High), 103.70 (Hourly 20 EMA), 103.65 (Daily Open), 103.65 (Monthly High) and 103.65 (Weekly High). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 02, 2014 OctaFX.Com News Updates