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EUR/USD regains 1.1060 and beyond FXStreet (Edinburgh) - After bottoming out in the 1.1030 area in early trade, a renewed buying interest has lifted EUR/USD back to the 1.1060/65 band. EUR/USD capped by 1.1090 The pair has recovered the smile following a bout of weakness around the US dollar, dragging it to session lows when tracked by the USD Index (DXY). Absent releases in Euroland and with Greek developments momentarily in the back burner, the pair’s price action hinges almost exclusive on the risk appetite trends and USD-dynamics. Later on in the session, the FOMC will conclude its 2-day meeting, with consensus amongst traders expecting the greenback could be supported by the Committee’s tone of the statement. EUR/USD levels to watch As of writing pair is up 0.01% at 1.1064 facing the next hurdle at 1.1085 (high Jul.29) followed by 1.1129 (high Jul.27) and then 1.1197 (high Jul.13). On the other direction, a breach of 1.1030 (low Jul.29) would target 1.1022 (low Jul.28) en route to1.0969 (low Jul.27). July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Brazil expected to hike rates today – Societe Generale FXStreet (Edinburgh) - According to Strategist Kit Juckes at Societe Generale, the Brazilian central bank is expected to hike its benchmark rate to 14.25% at today’s meeting. Key Quotes “The most noteworthy event today though, won't be in G10 but rather, in Brazil where a hike in the Selic rate to 14.25% is widely expected”. “The BRL has been hit by a combination of poor growth, political graft, weak balance of payments and falling commodity prices, and the currency's fall has been one (not the only) factor behind faster inflation. Hence the rate hike amidst weak growth”. “If the FX market reacts by selling the currency with increased fervour (which is what our EM team expects) there's a risk the real's woes make more headlines and fuel the sense that an eventual Fed move can cause extended risk aversion. Which is a risk exacerbated, of course, by the fall in oil prices”. July 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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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!

AUD/USD drifting towards offer territory FXStreet (Guatemala) - AUD/USD is currently trading at 0.7337 with a high of 0.7345 and a low of 0.7257. AUD/USD has managed a bid on the back of rising metals on the LME, with Copper bouncing back of yearly lows. Benchmark copper on the London Metal Exchange was up more than 1 percent at $5,255 a tonne at 1057 GMT. This was a vast improvement from $5,188 of the close on Monday, when the metal hit a six-year low at $5,164 on the back of the downside pressures in the Chinese stock market and economy. Last week's weak manufacturing survey has also been reinforcing the unease. Meanwhile Gold is up from the weakest level since 2010 but it is not out of the woods yetas investors anticipate a rate hike from the Fed before the year is out, which could be a reason that the yellow metal isn't getting much love, despiteits usual safe haven status as the uncertainty mounts in a risk-off environment that surrouns China. Meanwhile, the FOMC is coming up tomorrow and the dollar could continue to garner support on this given that markets are aligning to a rate hike in September from the Fed. However, this does not necessarily mean that this will be indicated as a certainty in tomorrow's accompanying statement and the dollar could come under pressure if overbought leading into the meeting and subsequent announcements.Markets will be looking for a bullish case for the US economy, despite today's disappointment in the consumer confidence numbers while yesterday's durable goods orders were robust and beat expectations. AUD/USD is up from 0.7257 but AUS/USD may be a sell on rallies with offers lined up through 0.7340/80 and above within a highly bearish downtrend. AUD/USD technically bearish Technically, the charts look gruesomely bearish for AUD/USD. Rabobank FX Strategy Team notes that the AUD/USD should remain vulnerable, lowering the forecast towards 0.71 by year-end. Karen Jones, chief analyst at Commerzbank explained that AUD/USD held steady yesterday and the recent low has been accompanied with a divergence of the daily RSI. July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD drifting towards offer territory FXStreet (Guatemala) - AUD/USD is currently trading at 0.7337 with a high of 0.7345 and a low of 0.7257. AUD/USD has managed a bid on the back of rising metals on the LME, with Copper bouncing back of yearly lows. Benchmark copper on the London Metal Exchange was up more than 1 percent at $5,255 a tonne at 1057 GMT. This was a vast improvement from $5,188 of the close on Monday, when the metal hit a six-year low at $5,164 on the back of the downside pressures in the Chinese stock market and economy. Last week's weak manufacturing survey has also been reinforcing the unease. Meanwhile Gold is up from the weakest level since 2010 but it is not out of the woods yetas investors anticipate a rate hike from the Fed before the year is out, which could be a reason that the yellow metal isn't getting much love, despiteits usual safe haven status as the uncertainty mounts in a risk-off environment that surrouns China. Meanwhile, the FOMC is coming up tomorrow and the dollar could continue to garner support on this given that markets are aligning to a rate hike in September from the Fed. However, this does not necessarily mean that this will be indicated as a certainty in tomorrow's accompanying statement and the dollar could come under pressure if overbought leading into the meeting and subsequent announcements.Markets will be looking for a bullish case for the US economy, despite today's disappointment in the consumer confidence numbers while yesterday's durable goods orders were robust and beat expectations. AUD/USD is up from 0.7257 but AUS/USD may be a sell on rallies with offers lined up through 0.7340/80 and above within a highly bearish downtrend. AUD/USD technically bearish Technically, the charts look gruesomely bearish for AUD/USD. Rabobank FX Strategy Team notes that the AUD/USD should remain vulnerable, lowering the forecast towards 0.71 by year-end. Karen Jones, chief analyst at Commerzbank explained that AUD/USD held steady yesterday and the recent low has been accompanied with a divergence of the daily RSI. July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Expecting a breach of 0.65 in NZD/USD – Westpac FXStreet (Edinburgh) - Strategists at Westpac believe a break below the 0.65 handle is likely in the medium term. Key Quotes “We maintain our negative multi-month outlook for NZD/USD, expecting the 0.6500 level to give way during the next few weeks”. “Admittedly there’s a risk of a corrective bounce near term given speculative positioning is at record levels, according to the CFTC”. “However we will only change our near term outlook if the downtrend channel is violated (i.e. above 0.6650)”. “Note that last week’s RBNZ surprise to markets resulted in only a 1.25 cent rally on the day”. “The key NZ event this week will be RBNZ Governor Wheeler’s speech on the economy on Wednesday, published at 9am NZ that day. There’s a decent chance the speech will be a “quasi-MPS” and clarify the message presented at last week’s OCR Review”. July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold almost unchanged below $1,100 FXStreet (Edinburgh) - Prices for the yellow metal remains on the wrong footing on Tuesday, trading in a narrow range near $1,095 per ounce. Gold weaker ahead of FOMC The re-emergence of the bid tone around the US dollar has been weighing on Gold prices since early trade, prompting the metal to trade in a cautious tone ahead of tomorrow’s FOMC meeting. In addition, the safe haven metal saw its demand diminishing following a better performance of the Chinese stock markets today in comparison with Monday’s sharp drop. Gold levels to watch Gold is down 0.20% at $1,094.70 with the immediate support at $1,072.30 (low Jul.24) followed by $1,045.20 (monthly low January 2010). On the other hand, a breakout of $1,131.70 (high Jul.20) would expose $1,144.00 (high Jul.17) and then $1,154.20 (high Jul.15). July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD Index keeps gains around 96.70 FXStreet (Edinburgh) - The greenback, in terms of the USD Index, is giving away initial gains and is returning to the 96.70/65 band. USD Index capped around 97.00 The daily upside in the index has lost momentum in levels just shy of the 97.00 mark during the European morning, deflating since then although still in the positive camp. Mixed results from the US docket today saw Markit’s Services PMI coming in above expectations for the current month, while Consumer Confidence and the S&P/Case-Shiller index both have disappointed investors. USD Index relevant levels As of writing the index is advancing 0.19% at 96.68 and a breakout of 97.62 (high Jul.24) would aim for 98.46 (high Apr.21) and finally 99.36 (high Apr.15). On the flip side, the immediate support lines up at 96.29 (low Jul.27) ahead of 96.26 (low Jul.14) and then 95.63 (low Jul.13). July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold downside persists - CB FXStreet (Guatemala) - Analysts at Commerzbank noted that Spot Gold has met the 50% retracement of the entire bull move up from the 1999 low. Key Quotes: "This was located at 1087 and represented a major long term downside target for us. The low at 1077.25 was accompanied by a divergence of the RSI and this reflects a loss of downside momentum. Rallies will find initial resistance at 1131/41 (50% retracement of last leg down), we can only assume while capped here a downside bias will persist. Below 1077 will target the 1033 March 2008 high and the 1000 psychological support." July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Oil makes a U-turn and climbs to fresh daily highs FXStreet (Córdoba) - Crude oil bounced sharply from below $47 a barrel and rose more than a buck over the last minutes turning positive for the day. The West Texas Intermediate crude posted its lowest level since March at $46.807bbl from where it rebounded toward fresh daily highs above $48.50. At time of writing, WTI was trading at $48.15 up 2% on Tuesday. The turnaround has put crude on track for its first gains after four session of losses. However, oil has been in a bearish trend over the last months, having lost more than $60 per barrel from 2014 highs amid global supply glut. The cycle low was set at $43.89 a barrel back on January 29. July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States 4-Week Bill Auction rose from previous 0.04% to 0.05% FXStreet.com (Barcelona) For more information, read our latest forex news. July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Oil drops to near six-month low FXStreet (Mumbai) - Oil sell-off continued on Tuesday, with prices dropping to near six month low as renewed weakness in the Chinese equities has triggered concerns regarding the health of the world’s second largest economy. Brent fell to an intraday low of USD 53.28/barrel, its lowest since early February, before recovering to USD 52.63/barrel. WTI Crude also printed a low of USD 46.70/barrel, before recovering slightly to trade around USD 47.25/barrel. China’s Shanghai Composite Index fell today, taking the cumulative losses for the first two sessions of the week to 10%. This triggered concerns that the Chinese economy may not be strong enough to counter the excess supply situation in the global economy. Investors now await the weekly data on US inventory levels to gauge the strength of demand. A preliminary Reuters poll of analysts suggested commercial crude oil stocks in the US likely slipped last week after crossing the five-year seasonal average build in the previous week. July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United Kingdom Index of Services (3M/3M) declined to 0.4% in May from previous 0.5% FXStreet.com (Barcelona) For more information, read our latest forex news. July 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Russian central banks expected to ease further – TDS FXStreet (Edinburgh) - According to strategists at TD Securities, the CBR could lower its benchmark rate by 25 bp at this week’s meeting. Key Quotes “In Russia, on Friday, in line with the consensus, we expect the CBR to cuts its key rate by 50 bps to 11.0%”. “At the June meeting the CBR cut by 100 bps, but said that the potential of monetary policy easing will be limited by inflation risks in the next few months“. “The reason for the CBR’s concern is the expected move back up in July inflation due to tariff hikes”. “We think that these concerns will slow down but not stop rate cuts”. “We also do not think that recent moves higher in USDRUB will stop the CBR easing as the FX moves have largely matched falls in oil prices”. July 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD trades at 2-week highs above 1.1100 FXStreet (Córdoba) - EUR/USD has retested European session highs at the 1.1110 zone helped by EUR/CHF demand while the USD continues to underperform ahead of the Federal Reserve monetary policy decision on Wednesday. Following a brief corrective move, EUR/USD gathered pace and climbed to a high of 1.1111 roughly the same peak it reached earlier, but sellers continue to keep the upside limited. At time of writing, the pair is trading at 1.1102, recording a 1.15% gain on Monday. USD underperform across the board The US dollar is among the worst performers of the day amid fears that unstable Chinese stock markets could delay the Federal Reserve lift-off. EUR/USD levels to watch As for technical levels, if EUR/USD breaks decisively above 1.1110/12, next resistances line up at 1.1124 (Jul 9 high) and 1.1195 (Jul 13 high). On the other hand, supports are seen at 1.0968 (Jul 27 low), 1.0925 (Jul 24 low) and 1.0900 (psychological level). July 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD spikes to 1.5580, takes out 50-DMA resistance FXStreet (Mumbai) - The bid tone on the GBP/USD ensured the spot rose above 1.5551 (50-DMA), triggering stops, which pushed the pair to a session high of 1.5585. Trades above hourly 200-MA The bullish momentum appears strong as the spot trades above its hourly 200-MA currently located at 1.5578. The weakness in the treasury yields, coupled with the rise in Gold prices is supporting weighing over the USD. The sharp fall in the Chinese equities could have led the markets to speculate that Fed may put more emphasis on overseas turbulence in its policy statement on Wednesday, thereby hinting at a possible delay in the rate hike. Moreover, the upbeat durable goods report has been completely ignored by the markets. The focus now shifts to the UK second quarter preliminary GDP report due for release on Tuesday. GBP/USD Technical Levels The immediate support is seen at 1.5551 (50-MA), under which the spot could re-test the daily low at 1.5490. On the other hand, a break above 1.5607 (23.6% Fib R of Apr-Jun rally) could open doors for 1.5671 (July 23 high). July 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Treasury yields drop ahead of the durable goods report FXStreet (Mumbai)- The safe haven treasury prices rose, thereby pushing yields lower ahead of the data in the US, which could show core durable goods orders witnessed modest rebound in June. The yield on the US 10-year Treasury note currently trades 4.3 basis points lower at 2.23%. The long-end treasury yields dropped after China’s Shanghai Composite index fell more than 8% to register its biggest single day fall since 2007. The drop also pushed major European equities lower. The major index futures also point to a weak opening on Wall Street. Investors now await the US durable goods orders report for June. The headline number is seen rising 3.00%, while the core figure is expected to rise 0.5%, after stalling in May. The data could influence the short-end - 2-year yield, which mimics short-term interest rate expectations in the US. At the moment, the yield is down 1.2 basis points at 0.67%. July 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com - Winners of Round 22 cTrader Weekly Demo Contest announced! We are pleased to announce five winners who outperformed others and achieved good trading results in our cTrader Weekly demo contest. The best traders of Round 22 are awarded with the prize from our fund and proudly listed among the winners from previous rounds. While we congratulate five lucky winners, we encourage all traders to register for the next round that will take place just in a few days! We thank all traders for participating in our cTrader Weekly demo contest, and we hope that you have enjoyed it. Make your learning process smooth, and entertaining by joining the next round of cTrader Weekly demo contest that will start just in several days. Trade actively, learn fast and get your real prize. cTrader Weekly demo contest is devised specifically for this purpose! Explore safe trading with OctaFX and be prepared for a real challenge! 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!

EUR/USD challenges daily highs FXStreet (Córdoba) - EUR/USD has continue to recover from daily lows and retested daily highs at the 1.0990 area as the dollar gives up ground versus major competitors, while a sudden bout of EUR/CHF demand is helping the euro. The dollar reacted negatively to below expectations new home sales data and has continued to move lower over the last hours. EUR/USD reached a session high of 1.0992 before pulling back slightly. At time of writing, the pair is trading at 1.0970, just a few pips below its opening price but still on track to post a modest weekly gain. FOMC meeting eyed With Greek short-term problems solved, for now, attention now turns to the Federal Reserve and the timing of the lift-off after Yellen reiterated earlier this month the bank was still on track to raise rates at some point this year. Next Wednesday the Fed concludes its 2-day policy meeting and investors will be looking for any change in Fed statement. EUR/USD technical levels As for technical levels, immediate resistances are seen at 1.1000 (psychological level/100-day SMA), 1.1017 (Jul 23 high) and 1.1035 (Jul 15 high). On the downside, supports could be found at 1.0925/21 (Jul 24 & 23 low), 1.0900 (psychological level) and 1.0869 (Jul 22 low). July 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD challenges daily highs FXStreet (Córdoba) - EUR/USD has continue to recover from daily lows and retested daily highs at the 1.0990 area as the dollar gives up ground versus major competitors, while a sudden bout of EUR/CHF demand is helping the euro. The dollar reacted negatively to below expectations new home sales data and has continued to move lower over the last hours. EUR/USD reached a session high of 1.0992 before pulling back slightly. At time of writing, the pair is trading at 1.0970, just a few pips below its opening price but still on track to post a modest weekly gain. FOMC meeting eyed With Greek short-term problems solved, for now, attention now turns to the Federal Reserve and the timing of the lift-off after Yellen reiterated earlier this month the bank was still on track to raise rates at some point this year. Next Wednesday the Fed concludes its 2-day policy meeting and investors will be looking for any change in Fed statement. EUR/USD technical levels As for technical levels, immediate resistances are seen at 1.1000 (psychological level/100-day SMA), 1.1017 (Jul 23 high) and 1.1035 (Jul 15 high). On the downside, supports could be found at 1.0925/21 (Jul 24 & 23 low), 1.0900 (psychological level) and 1.0869 (Jul 22 low). July 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/JPY capped below 136 handle FXStreet (Mumbai) - The cross in EUR/JPY remains heavily offered during the European session, largely on the back of broad euro weakness following weaker Euro zone manufacturing PMIs. EUR/JPY recovers from 135.54 Currently, the EUR/JPY pair trades -0.29% at 135.27, giving away 136 handle on tepid EZ data. The cross came under selling pressure after two of the euro zone's largest economies – Germany and France disappointed with their PMI readings. While USD/JPY trades water around 124 handle, completely ignoring broad based US dollar strength as markets now eye fresh cues from the upcoming US economic data later in the US session. EUR/JPY Technical Levels To the upside, the next resistance is located at 136 levels and above which it could extend gains 136.28 (Today’s High) levels. To the downside immediate support might be located at 134.90 below that at 134.57 levels. July 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/JPY capped below 136 handle FXStreet (Mumbai) - The cross in EUR/JPY remains heavily offered during the European session, largely on the back of broad euro weakness following weaker Euro zone manufacturing PMIs. EUR/JPY recovers from 135.54 Currently, the EUR/JPY pair trades -0.29% at 135.27, giving away 136 handle on tepid EZ data. The cross came under selling pressure after two of the euro zone's largest economies – Germany and France disappointed with their PMI readings. While USD/JPY trades water around 124 handle, completely ignoring broad based US dollar strength as markets now eye fresh cues from the upcoming US economic data later in the US session. EUR/JPY Technical Levels To the upside, the next resistance is located at 136 levels and above which it could extend gains 136.28 (Today’s High) levels. To the downside immediate support might be located at 134.90 below that at 134.57 levels. July 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com - OctaFX shooting challenge for Southampton FC raised £3000! Following-up the signing of new partnership with Southampton FC, OctaFX challenged three prominent Southampton players, namely: Jay Rodriguez, Kelvin Davis and Sam Gallagher to show their goal-scoring skills. All the funds raised are transferred to Saints Foundation, a charitable organization aligned to SHFC. Click Here We’re always happy to support a good cause. Enjoy the video and follow Southampton Sponsorship page to know all the recent news on our partnership. OctaFX – Potential into excellence on a trading level! 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!

European Monetary Union Consumer Confidence below forecasts (-5.68) in July: Actual (-7.1) FXStreet.com (Barcelona) For more information, read our latest forex news. July 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!