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Everything posted by OctaFX_Farid
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Join the “Word it out” Contest! “Word it out” to every trader in the community . We have asked our customers to perform successful trades during our contests, but today it’s merely an opinion that will determine your success! Follow three simple steps to get into participants list: Write a review on distinctive features of trading with OctaFX Share it on any Forex forum or upload it to your personal blog Send us a link to your review by filling the form Client's Choice of the Month! "Clients' Choice of the month" award – all the articles submitted monthly are posted to our website and the review with the biggest number of Facebook likes brings its author an iPhone! Participants: 19 Round started: 01.11.2013 Round ends: 30.11.2013 OctaFX Special Choice! "OctaFX Special Choice" award – reviews with the biggest number of likes during all the time of the contest take part in “Word It Out” final – OctaFX jury chooses the most splendid of them all and the author will be awarded with super-prize – MacBook Air! Participants: 17 Award Ceremony: 20.03.14 The contest starts November, 1 and ends February,28. Participation requires author to upload his written review to any Forex forum or personal blog and send us a link through a form at our website. What we like is fresh, constructive thoughts with a bit of jokes and illustrations, positive attitude and complete honesty. We would like to mention though that it is strictly prohibited to black other traders and brokers. Show us how unique your experience is – do not plagiarize. You can read all the terms and conditions at our website, still we advise you to start gather your thoughts and use your right to word it out! “It was and remains our main goal to be responsive to any trader’s needs – there’s nothing more inspiring than the feedback from you” The Head of OctaFX Development Department states! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!
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We would like to thank you for giving valuable remarks about 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!
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OctaFX Christmas and New Year trading schedule! Dear traders, Due to the approaching holidays, we would like you to be aware of our special Christmas and New Year trading hours. Please, consider this schedule while planning your trading: We kindly ask you to keep in mind that trading metals closes half an hour earlier than the whole trading on December, 24 and December, 31: XAU/USD and XAG/USD trading closes at 18:30 (GMT+2) both December 24 and December 31. Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day. We would like to apologize for any inconvenience caused. If you have any questions and unresolved issues, feel free to contact us directly at support@octafx.com. Happy Holidays & Profitable Trading! 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!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
US: NAHB Housing Market Index increases to 58 in December FXstreet.com (Barcelona) - The US NAHB Housing Market Index grew to 58 in December, from 54 in November, according to data released by the National Association of Home Builders. Analysts expected the indicator to rise only to 55. Dec 17,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
GBP/USD finds support at 1.6255 FXstreet.com (San Francisco) - The Sterling seems to have found support against the US Dollar at 1.6255 after falling around 85 pips in the European morning. The GBP/USD bounced at the mentioned level to test 1.6290 area. Currently, the Pound to Dollar exchange rate is pricing at 1.6270, 0.20% negative in the day. The short term perspective is strongly bearish according to the FXstreet.com Trend Index in the 1-hour chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral. GBB/USD technical levels Above the 1.6290, the GBP/USD would face resistances at 1.6300, 1.6335 and 1.6350. On the downside, next supports are at 1.6255, 1.6240 and 1.6120. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 17,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
US Redbook index (MoM) rises to -1.4% in December 8; 2.9% (YoY) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 17,2013 OctaFX.Com News Updates -
OctaFX Champion - An outstanding Demo Contest from your top Broker! Current update of OctaFX Champion Demo Contest! *Currently our top contestant james from Bangladesh has piled up with Equity/Balance $75 672.95. So, come and grab the opportunity and be the part of matchless traders. Please visit here to see full contestants list http://www.octafx.com/contests/octafx-champion/rating/ Wishing you luck and profitable trading!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Flash : EUR/USD, buoyed by data – TD Securities FXstreet.com (London) - Strategists at TD Securities noted that the Eurozone flash PMI’s were overall better than the market was anticipating, keeping the EUR well supported this morning. Key Quotes: “There are a number of data releases in the coming days in both Europe and the US that should make for some choppy price action in EUR/USD, as well as an EU leaders summit toward the end of the week, but the defining event for the pair this week should be Wednesday’s FOMC meeting”. “With that in mind, ‘taper talk’ will certainly be in focus in the next few sessions, but European bank funding developments are also important to keep an eye on. After the larger than expected LTRO repayment last week, Euribor has continued to edge higher, lending additional support to spot EUR/USD”. “We remain fundamentally bearish on the pair, but prefer to wait for clearer selling opportunities—perhaps closer to the turn of the New Year”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
EUR/USD backs away from 1.3800 FXstreet.com (Córdoba) - The EUR/USD lost momentum and pulled back after testing the 1.3800 psychological level following the latest string of US data and amid Draghi's comments. Speaking before the European Parliament, ECB President Mario Draghi said the bank is ready to consider all the available instruments as he stated that adjusting interest rates is not always sufficient to maintain price stability. On the data front, US industrial production increased by 1.1% in November, printing its biggest jump in a year. The EUR/USD retreated from a daily high of 1.3798 toward the 1.3760 zone before the 100-hour SMA offered support. At time of writing, the EUR/USD is trading at the 1.3765 area, still 0.3% above its opening price. EUR/USD levels to watch As for technical levels, if the EUR/USD breaks decisively above 1.3800 (psychological level) it could rise to 1.3811 (Dec 11 high) en-route to 1.3732 (2013 high Oct 25). On the other hand, if the pair falls below 1.3760 (100-hour SMA) next supports are seen at 1.3727 (daily low), 1.3710 (10-day SMA) and 1.3693 (Dec 9 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
USD/CHF double bottom pattern attempt? FXstreet.com (Chicago) - USD/CHF continues trading below the 0.89 zone although a reverse attempt seems to be consolidating shortly after the opening of the American trading session. The most recent data releases reveal mixed US results while the stock markets open strong with the Dow up 0.51%, Nasdaq 0.49% stronger and S&P 0.46% higher. USD/CHF Technical Levels Technically speaking, the pair is offered at 0.8869 and oscillates between the supports aligned at 0.8840 (December 10th lows), 0.8789 (September 20th lows 2011) ahead of 0.8722 (May 15th lows 2011) and the resistances set at 0.8918 (December 13th highs), 0.8974 (December 6th highs) followed by 0.9031 (November 29th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is strongly bearish and navigates below the EMA20. If the pair manages to pull off a reverse, a double bottom formation will be evidenced. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
US: Markit Manufacturing PMI edges lower in December (Prelim.) FXstreet.com (Córdoba) - The preliminary reading of the US Markit Manufacturing PMI showed the sector expanded at a slower pace in December. The Markit PMI decreased to 54.4 from 54.7 the previous month and missed expectations around 54.9, but held in expansionary territory above the 50.0 threshold. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
EUR/GBP rises toward 1-month high FXstreet.com (Córdoba) - The EUR/GBP bounced off lows and erased intraday losses as the shared currency got a boost from better-than-expected Eurozone PMIs. The EUR/GBP climbed to a high of 0.8439 but stalled a few pips shy of its 1-month high scored during the Asian session at 0.8442. At time of writing, the cross is trading at the 0.8435 zone, 0.2% above its opening price, ahead of the Eurozone trade balance figures. EUR/GBP technical levels In terms of technical levels, if the EUR/GBP breaks decisively above 0.8442, next resistances could be found at 0.8460/63 (100-day SMA/Nov 13 high) and 0.8475 (Nov 4 high). On the other hand, supports are seen at 0.8413 (daily low) and 0.8400 (psychological level) followed by 0.8390 (Dec 12 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 16,2013 OctaFX.Com News Updates -
OctaFX Happy weekend to all! 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!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Session recap: Dollar extends the swing ahead FOMC FXstreet.com (San Francisco) - The US Dollar extended gains for second day against the Euro and for third session against the Pound as investors remain cautious ahead the Federal Reserve policy meeting next week. However, it is too early to talk about a top in place in EUR/USD and GBP/USD. As FXstreet.com's Valeria Bednarik said in a recent report, "taking a look at the daily chart, one may think a double top is under way around the 1.3810/30 highs from October and December, albeit a better look shows the valley in between both, and the level to be broken to confirm the figure, stands at 1.3290." In a bigger chart, the EUR/USD advanced for fifth week in a row after posting only two negative sessions in the last nine days. The EUR/USD declined on Friday to test lows at 1.3710 but it managed to close at 1.3740. Other picture in the GBP/USD as the Cable declined for second week to close at 1.6290. The Sterling just closed below the 1.6300, level that used to be support in the previous days. The USD/JPY advanced for seventh consecutive week; the pair reached 5-year highs at 103.91 on Friday, but it felt vertigo and closed off highs at 103.30. Main headlines in the American session: US: Producer price index drops 0.1% in November Goldman: Don't bet on much dollar strength in 2014 despite Fed tapering FXBeat Weekend Read: A fresh set of eyeballs on the AUD/NZD CFTC Commitments of Traders: Big bets against the Canadian dollar Wall Street declines for second week ahead FOMC meeting OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 14,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Flash: How will the AUD fair in Chinese data? FXstreet.com (London) - The AUD has suffered heavy losses since ’RBA’s Stevens says Australia needs A$ closer to 85 U.S cents’ and there has been little data of late for markets to digest for Australia. However, strategists at BBH noted that over the weekend, HSBC flash China manufacturing PMI will be reported. Key Quotes: “This will be the first reading for December, and consensus is 50.9 vs. 50.8 final in November”. “We expect the Chinese economy to maintain its modest growth path into 2014. Indeed, consensus right now is GDP growth of 7.6% y/y in Q4, which follows 7.8% growth in Q3. Growth is seen at 7.6% in Q1 2014 before slowing further to 7.5% in Q2, 7.4% in Q3, and 7.35% in Q4”. “Despite the modest growth profile, it appears the authorities are prepared to allow further modest yuan appreciation in the coming months”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Flash: EUR weak, with eyes on next week’s inflation print - Scotiabank FXstreet.com (Barcelona) - Camilla Sutton, Chief FX Strategist, at Scotiabank notes that EUR is weak, down 0.2% on a broader USD strengthening move. Key Quotes “Fundamental data was mainly second tier, with next week’s inflation print a key upcoming risk.” “Highlighting one of the several factors that has supported EUR this year is the ongoing narrowing in the ECB balance sheet partially driven by LTRO repayments (with the ECB announcing today that €23bn of LTROs will be repaid next week); while the Fed’s balance continues to grow at a pace of $85bn per month.” “As we move towards the AQR rumours of repatriation and balance sheet preparation are likely to increase.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
AUD/USD awaiting FOMC and remains range bound FXstreet.com (London) - AUD/USD has stuck to a range on the 0.89 handle and between 0.8909 and the 0.8950’s. The AUD is still trading on the lows after falling on headlines that 'RBA’s Stevens says Australia needs AUD/USD closer to 85 U.S cents. The calendar is very light today at the end of a long week and it seems like traders are sitting on their hands waiting for the FOMC outcome which is still some way off next Wednesday. There is a growing consensus that is looking for a token taper next week of $5-10b. AUD/USD Levels The 20 DMA is 0.9158, the 50 DMA is 0.9361 and the 200 DMA is 0.9558. RSI (14) reads 46.21. Supports are ascending from 0.8770, 0.8830, 0.8848, 0.8891. Spot is 0.8938 while resistances are 0.8989, 0.9011, 0.9083 and 0.9125. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
EU Employment Change (QoQ) stays unchanged at 0% in 3Q; -0.8% (YoY) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 13,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Flash: Bernanke to step down early? FXstreet.com (London) - Strategist at BBH said reports indicate that the entire Senate vote on Yellen's nomination is likely to be held next week. Key Quote: This may not be in time for the FOMC meeting, but it does strengthen our base scenario that Bernanke steps down early and Yellen chairs the late January FOMC meeting. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 12,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
AUD/USD ‘down under’ 0.9000 on RBA comments FXstreet.com (Barcelona) - Following better than expected Australian Employment numbers, but a marginally increasing Unemployment Rate, AUD/USD has plunged past the key 0.9000 level following comments from the RBA’s Stevens. AUD/USD heading ‘down under’ Overnight, AUD/USD spiked to post a daily high at 0.9081 on better than expected employment data, which saw a significant jump in Employment Change, but a small increase in the Unemployment rate to 5.8% from 5.7%. The spike was short lived, making a low at 0.9010, but spot climbed throughout the European session to post a session high at 0.9067. However, the RBA’s Stevens has taken to the wires to declare that he feels the currency is overvalued, and wants the currency as low as possible to spur the economy on. Gerry Davies of FXBeat comments, “Australia needs A$ closer to 85 cents, and A$’s natural level is seen as lower than the current rate.” This caused spot to plunge past 0.9000 to post a low at 0.8960. Nevertheless, better than expected US Retail Sales registered alongside a worsening Initial and Continuing Jobless pairing, and spot has found some near time support at 0.8970, down -0.89% on the days trading. What are today’s key AUD/USD levels? Hourly RSI sits at 22, in oversold territory, with ADX at 38. The hourly 200 SMA sits at 0.9086, sloping lower, with the daily 20 EMA at 0.9176 and bearish. Gerry Davies of FXBeat notes that there are buy orders clustered around 0.8950/60. Today’s central pivot point can be found at 0.9087, with support below at 0.9011 (S1), 0.8969 (S2) and 0.8893 (S3) and resistance at 0.9129 (R1), 0.9205 (R2) and 0.9247 (R3). Dark Cloud Cover, and Engulfing Bearish.Candlestick patterns can be found on the daily chart. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 12,2013 OctaFX.Com News Updates -
Start your successful trading with OctaFX today! Trade Forex with OctaFx and get: upto 50% Bonus Free 8 USD No Deposit Bonus! Requote-free Trading 1000 USD Demo Champions Contest Road King contest chance to win "Porsche Panamera, Ipads, Mac, Iphones & more Daily reviews and trading ideas Deposit & Withdrawal Instant Convenient and easy deposit & withdrawal methods High Commission for IB's Partners Demo accounts Clients Funds Protection Lowest Spread Low as 0.2 Metatrader PC, IOS Mobile, Android, (News in your Metatrader 4 from OctaFX and FXstreet.com) 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!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Flash: USD/JPY stalling just ahead of the 103.74 2013 high - Commerzbank FXstreet.com (London) - Karen Jones, Head of Technical Analysis at Commerzbank notes that USD/JPY has again stalled at 103.40, similar to price action seen last week. Key Quotes: “The market appears to be stalling just ahead of the 103.74 2013 high. We note the Elliott wave count on the daily chart suggests a retracement back to 100.91/100.16 remains viable, however while underpinned by the cloud on the 240 minute chart at 102.26, we will assume an immediate upside bias. The slide lower held over the July 2013 high at 101.54 and this we regard as bullish price action. Support is found at the 101.54 July high and 100.62 September high. We will stay bullish while above the 99.56 November 19 low.” “Longer term, the market has recently broken up from a large triangle points to a longer term target of 108.86. We have an additional target en route at 105.48, the 61.8% retracement of the move down from 2007.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Flash: USD/JPY stalling just ahead of the 103.74 2013 high - Commerzbank FXstreet.com (London) - Karen Jones, Head of Technical Analysis at Commerzbank notes that USD/JPY has again stalled at 103.40, similar to price action seen last week. Key Quotes: “The market appears to be stalling just ahead of the 103.74 2013 high. We note the Elliott wave count on the daily chart suggests a retracement back to 100.91/100.16 remains viable, however while underpinned by the cloud on the 240 minute chart at 102.26, we will assume an immediate upside bias. The slide lower held over the July 2013 high at 101.54 and this we regard as bullish price action. Support is found at the 101.54 July high and 100.62 September high. We will stay bullish while above the 99.56 November 19 low.” “Longer term, the market has recently broken up from a large triangle points to a longer term target of 108.86. We have an additional target en route at 105.48, the 61.8% retracement of the move down from 2007.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
US EIA Crude Oil Stocks change: -10.585M in December 6 from -5.585M Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
USD/CHF falls to test 2-year lows at 0.8850 FXstreet.com (San Francisco) - The US dollar resumed its decline against the Swiss Franc in the last hour after trading sideways in between 0.8865 and 0.8885 during the European session. With the American open, the USD/CHF declined fast to test the lowest level since November 2011 at 0.8850. Currently, the USD/CHF is trading at 0.8855, 0.20% down on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral. USD/CHF levels: Below the 0.8850, the USD/CHF would face supports at 0.8810 and 0.8800. On the upside, resistances are at 0.8880, 0.8900 and 0.8930. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 11,2013 OctaFX.Com News Updates