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OctaFX_Farid

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  1. UK November Nationwide Housing Prices n.s.a (YoY) rises to 6.5%; 0.6% (MoM) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 29,2013 OctaFX.Com News Updates
  2. Swap free trading with OctaFx OctaFX offers swap-free accounts to their clients. Whether or not your beliefs or trading strategy require swap-free trading, you can always open a swap-free account at OctaFX . You can always apply for a swap-free account at registration, no matter whether you choose a Micro or ECN account. No overnight charges will be applied to your account. OctaFX respects various trading strategies and does its best to meet every possible client's requirements and expectations. To apply for a swap-free account please check the box "Swap-Free" when opening your account. Your account will be automatically assigned swap-free status. Join OctaFXtoday and enter the world of requote-free trading and the fastest execution! Please stay tuned for the news and updates from OctaFX! Thank you for choosing OctaFX as your top-notch Forex Broker.
  3. Loonie pulls back from current account deficit lows FXstreet.com (London) - The Canadian dollar has recovered some ground after falling to intraday lows at CAD1.0571. USD/CAD has clawed back ground on choppy trading, currently down 0.07 percent at CAD1.0591. The Canadian dollar fell on a report from Statistics Canada showing that the country’s current account deficit narrowed less than expected in the third quarter, with export growth subdued. The Canadian dollar has been hit by a downturn in demand from the US, is biggest trading partner. Canada registered a CAD15.5bn current account deficit in the third quarter, declining from a revised C$15.9 billion second-quarter print, but still coming in higher than anticipated. The weakness in Canadian exports signals that the Canadian dollar may be overvalued, suggesting a longer-term bullish trend against the US dollar. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28,2013 OctaFX.Com News Updates
  4. BoE Carney shifts lending focus from home buyers to SMEs as house prices accellerate FXstreet.com (London) - Bank of England governor Mark Carney today announced that the central bank would be moving to strongly rein in its policy to support mortgage borrowing as house prices begin to further accelerate. The Bank of England launched the Funding for Lending scheme in June last year in tandem with the Treasury to prop-up lending to home buyers and small businesses. Under the Funding for Lending scheme, banks and building societies are able to access cheap credit from the central bank as a carrot to encourage them to lend. However, with the UK economy strongly outperforming forecasts, the BoE is set to pare the scheme back to focus on support for small businesses struggling to gain access to credit. "Although the growth in household loan volumes remains modest, activity is picking up and house price inflation appears to be gaining momentum," wrote Carney in a letter to Chancellor of the Exchequer George Osborne. "We should refocus the FLS so that it continues to support lending to the business sector, without adding further broad support to household lending at a time when that is no longer necessary." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28,2013 OctaFX.Com News Updates
  5. AUD/USD extends recovery to fresh highs FXstreet.com (Córdoba) - The AUD/USD has managed to advance Thursday, snapping a 7-day losing streak, supported by rising stocks and domestic data. The AUD/USD regained the 0.9100 mark after stronger than expected Q3 capex data, and following a phase of consolidation below 0.9140, renewed buying took the pair above the 100-hour SMA to a fresh high of 0.9149. At time of writing, the AUD/USD is trading at the 0.9135 zone, recording a 0.6% gain Thursday. AUD/USD levels to watch In terms of technical levels, the AUD/USD could find next resistance levels at 0.9149 (daily high) and the 0.9200/0.9204 zone (psychological level/Nov 26 high), while supports are seen at 0.9064 (Nov 27 low) and 0.9036 (Sep 4 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28,2013 OctaFX.Com News Updates
  6. AUD/USD extends recovery to fresh highs FXstreet.com (Córdoba) - The AUD/USD has managed to advance Thursday, snapping a 7-day losing streak, supported by rising stocks and domestic data. The AUD/USD regained the 0.9100 mark after stronger than expected Q3 capex data, and following a phase of consolidation below 0.9140, renewed buying took the pair above the 100-hour SMA to a fresh high of 0.9149. At time of writing, the AUD/USD is trading at the 0.9135 zone, recording a 0.6% gain Thursday. AUD/USD levels to watch In terms of technical levels, the AUD/USD could find next resistance levels at 0.9149 (daily high) and the 0.9200/0.9204 zone (psychological level/Nov 26 high), while supports are seen at 0.9064 (Nov 27 low) and 0.9036 (Sep 4 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28,2013 OctaFX.Com News Updates
  7. Flash: USD/JPY has 103.74 in it’s sights – UOB Group FXstreet.com (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group comments that the next USD/JPY target at 103.74 will likely come under threat sooner than expected Key Quotes “The high of 102.28 early this morning came close to the bullish target highlighted at 102.53 on Monday.” “The strong upward momentum suggests that a break above this level is likely and the next target at 103.74 (this year’s high) will likely come under threat sooner than expected.” “The key support has moved higher quickly to 101.00 and as long as this level is intact for the next few days, a break of 102.50/55 could be the trigger for a sharp acceleration towards the year’s high at 103.74.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28,2013 OctaFX.Com News Updates
  8. EU Business Climate (November): 0.18 vs -0.01 (October) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 28,2013 OctaFX.Com News Updates
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  10. Flash: EUR, year-end squeeze a growing risk - TDS FXstreet.com (London) - A research team at TD Securities said the EUR might have found a modest bid on the back of news that Germany finally has a government but the void since the September election has hardly been a factor in the past couple of months so we doubt the news was that significant for investors. Key Quotes: “Moreover, chatter of further ECB easing steps has not weighed on the EUR at all today. While we remain broadly bullish on the USD outlook over 2014, the risk of a short-term squeeze higher in EUR/USD that we have highlighted remains alive”. “Since 1999, December has been one of the better months of the year for EUR/USD, delivering a near 2.5% average gain. Even when the outsize rally in late 2008 is removed, average gains are still nearly 2%”. “With EUR/USD through the November 20 high (date of the negative depo rate story), the risk of further, near-term EUR gains is rising”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 27,2013 OctaFX.Com News Updates
  11. USD/CAD out of consolidation? FXstreet.com (London) - USD/CAD has rallied higher on up beat US data and has broken out of the consolidative range of 1.0560 acting as previous resistance. Meanwhile, strategists at TD Securities said there is little on the domestic front (September Average Weekly Earnings) to drive the CAD so focus will remain on external issues and flows. USD/CAD traded heavily earlier in the week as the market backed off the upper 1.05 area but the lack of downside follow-through suggests the market is consolidating, rather than reversing the mid-November rally. We remain bullish on the near and longer-term outlook for funds (we target 1.06 for end 2013… near-term but we think that minor dips remain a buy. USD/CAD Levels The 20 DMA is 1.0468, the 50 DMA is 1.0390 and the 200 DMA is 1.0321. RSI (14) reads 67.50. Supports are ascending from 1.0414, 1.0436, 1.0480, 1.0516, 1.0550. Spot is currently 1.0594 while resistances are 1.0609, 1.0658 and 1.0674. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 27,2013 OctaFX.Com News Updates
  12. GBP/USD losing 1.63 handle FXstreet.com (London) - The dollar rallied after a number of US data readings beat expectations. GBP/USD is sub 1.6300 again with consumer confidence rebounding 75.1 vs 73.5. Meanwhile, strategists at TD Securities note that decent growth numbers were near consensus however for the UK, and it seems the outsized GBP rally also had a lot to do with a break of key resistance at 1.6240/50. “A close above that level would add to bullish momentum”. GBP/USD Levels The 20 DMA is 1.6073, the 50 DMA is 1.6083 and the 200 DMA is 1.5522. RSI (14) reads 73.76. Supports are ascending from 1.6093, 1.6110,1.6134,1.6168, 1.6210, 1.6241 and 1.6260. Spot is 1.6277 while key resistance is 1.6380 on the upside. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 27,2013 OctaFX.Com News Updates
  13. Flash: Sterling exports needs EZ – TDS FXstreet.com (London) - Marcin Budkiewicz, Strategist, Rates and FX Research at TD Securities, noted that there were no shocks in the second print of UK GDP and even in the details were largely in line. Key Quotes: “There was a bigger drag from exports than expected, which can still be another decent boost for the UK should the Eurozone get back to growth”. “The September services numbers were slightly weaker at +0.2% M/M instead of 0.4% M/M, but not enough to meaningfully bias the handoff to Q4”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 27,2013 OctaFX.Com News Updates
  14. We would like to thank you for your kind remarks, have wounderfull trading with octafx. Thank you for choosing OctaFX as your top-notch Forex Broker.
  15. 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: 17 Round started: 1.11.2013 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!
  16. USD/CAD rejected from 1.0560 FXstreet.com (Edinburgh) - The USD is now losing some ground, dragging the USD/CAD to the area of 1.0540 after hitting session highs near 1.0560 on Tuesday. USD/CAD lower after US data, risk appetite Poor results from the US Consumer Confidence, with the gauge dipping beyond estimates to 70.4 vs. 72.9 for the month of November, collaborated with the current decline, which seems to have found support near 1.0540. The persistence of a risk-on context would be adding to the correction lower as well. According to Sebastien Galy, Strategist at Societe Generale, “The uptrend started in Jan 2013 and is helped by a more dovish BoC (low productivity vs US, risk of a housing correction linked to high debt levels) and probably more importantly a stronger USD. Since the last BoC meeting, the bearish CAD theme has hit a global audience most probably explaining the resilience of USD/CAD to the downside”. USD/CAD levels to watch The pair is now down 0.07% at 1.0542 with the next support at 1.0520 (low Nov.25) followed by 1.0513 (low Nov.22) and then 1.0485 (high Nov.19). On the flip side, a breakout of 1.0558 (high Nov.26) would open the door to 1.0584 (high Nov.25) and finally 1.0586 (high Jul.8). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 26,2013 OctaFX.Com News Updates
  17. Flash: EUR/USD resilient between ECB and Fed – Rabobank FXstreet.com (Edinburgh) - Jane Foley, Senior Currency Strategist at Rabobank, commented that the current uncertainties regarding the start of the Fed’s QE tapering and the ‘wait-and-see’ stance in the ECB would likely be behind the EUR/USD resilience. Key Quotes “Insofar as the market remains obsessed with the timing of Fed tapering, threats of further policy action from the ECB have limited power over the direction of EUR/USD”. “Although the Fed did not rule out tapering in December in its October policy meeting, we suspect that the Fed will remain on hold until March and that the USD will take its time in clawing itself back to stronger levels. This implies that the ECB will have little choice but to retain its dovish threats”. “Even so we expect that EUR/USD will remain well supported at least into year end and most likely until it is clear that the Fed are on the brink of tapering. We see risk of EUR/USD holding above the 1.30 area until H2 next year”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 26,2013 OctaFX.Com News Updates
  18. USD/JPY: BoJ minutes lift yen from lows FXstreet.com (London) - The yen has made some recovery from yesterday’s lows on minutes from the Bank of Japan’s October meeting. USD/JPY has depreciated 0.14 percent so far today to JPY101.4335. The minutes indicated that central bank officials saw risks to the Japanese economic outlook. Board member Sayuri Shirai proposed to add to the BoJ’s semi-annual Outlook report the phase "attention should be paid to downside risks" given concerns over US economic activity and the Japanese domestic market. Board member Takahide Kiuchi, who has been vociferous in pushing for the BOJ's 2 percent inflation target to more flexible, proposed the inclusion of the statement that prices are "likely to continue on a moderate rising trend." Risk rally out of yen The yen yesterday tested six-month lows on increased risk appetite following the signing of Iran’s accord on nuclear activities. As part of the agreements concluded in Geneva yesterday morning, Iran will freeze or roll back its uranium enrichment programme to levels which would signal that Iran was not preparing to enrich to weapons grade. In return, around USD7bn of international sanctions will be raised. The risk on rally pushed USD/JPY to JPY101.88. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 26,2013 OctaFX.Com News Updates
  19. Flash: AUD strengthened modestly overnight on RBA commentary - BTMU FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the foreign exchange market has remained relatively stable overnight. Key Quotes “The Australian dollar has strengthened modestly supported by comments from RBA Deputy Governor Lowe who stated overnight that “the threshold for intervention though is fairly high”.” “However, he didn’t “rule intervention in or out” which has been a long-standing practice for the RBA. Noting that “in the past, we have been prepared to intervene in the currency market when it’s clear the currency was misaligned or the market wasn’t working well.”” “The speech also highlighted the main economic challenge the Australian economy now faces as it “can no longer depend on rising terms of trade and favourable demographics” to boost living standards which will require an offsetting pick up in productivity.” “It echoes recent comments from the Australian Treasury’s top economic forecaster David Gruen, who stated that Australia should brace for the weakest income growth in half a century in the coming ten years.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 26,2013 OctaFX.Com News Updates
  20. OctaFX Thanksgiving trading schedule Dear traders, OctaFX Technical Department would like you to be informed that due to the coming Thanksgiving we have altered a trading schedule for XAU/USD and XAG/USD trading instruments. Please, consider the following schedule while planning your trading: Thursday, November 28, 2013 the trading closes at 18:30 (GMT+2) and re-opens Friday, November 29, 2013 at 1:00 (GMT+2). Friday, November 29, 2013 the trading closes at 20:00 (GMT+2). For your convenience, we provide you with this timetable: 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. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com Thank you for choosing OctaFX as your top-notch Forex Broker.
  21. OctaFx - Wish you happy weekend! Join OctaFx today! Free 8 USD (No deposit bonus) 50% Deposit Bonus Requote-free trading with the fastest execution! Lowest spread Excelent Customer Support Instant Deposit and withdrawals Champions Contest - Demo (Prize - 1,000 USD) King of the Road Contest - Real (Prizes- Porsche Panamera, Trip for two, Macbooks pro, Ipads, iphones)
  22. MT4 update notification for OctaFX Traders Dear traders, OctaFX Customers Support would like to notify you your MT4 client terminals need to be updated due to the reason that versions older than 500 will be no longer supported starting Monday, October 21st. The previous versions will stop working, so don’t hesitate to update your Metatrader platform to avoid any inconvenience. The update process won’t take long – log in to your MT4 terminal and accept the update request from the program. You can also download a new version here and reinstall MT4. If any problems occur – feel free to contact us – we are glad to answer your every question.
  23. USD/JPY stuck at 101.20 FXstreet.com (Chicago) - USD/JPY retraced from 101.37 session highs advancing small pips today after a remarkable week that prints over 100 pips in gains so far ahead of the closing of Wall Street. USD/JPY Technical Levels Technically speaking, the pair remains within yesterday’s boundaries despite bearish pressure that makes the price stall around the 101.20 zone. On long-term charts, the movement is supported by bullish trends that consolidate a strong rally that started two days ago after the release of better than expected job market data in the US. Offered at 101.25, the pair navigates between the supports aligned at 100.87 (September 20th highs), 100.43 (November 15th highs) followed by 99.78 (November 12th highs) and the resistances aligned at 101.61 (July 2nd highs), 102.64 (May 30th highs) followed by 103.72 (May 17th highs). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 22,2013 OctaFX.Com News Updates
  24. AUD/USD resists above 0.9150 FXstreet.com (Córdoba) - The AUD/USD extended losses into a third consecutive day Friday after being rejected from a 2-week high of 0.9447 Wednesday, weighed by Fed minutes and RBA jawboning. RBA Governor Stevens highlighted Thursday the bank could use intervention to weaken the AUD having said repeatedly that a strong currency could be harmful for the economy. The AUD/USD broke below yet another psychological level during the European session and printed a 2 ½-month low of 0.9153. AUD/USD prints fifth weekly loss in a row At time of writing, AUD/USD is trading at the 0.9160 zone, 0.8% lower on the day. The Australian dollar is on track to post its fifth weekly loss in a row, having dropped almost 600 pips from late Oct highs. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 22,2013 OctaFX.Com News Updates
  25. Greek PM Samaras sees no fiscal shortfall for 2014 FXstreet.com (Barcelona) - Greek PM Antonis Samaras visited Berlin on Friday to hold a meeting with German Chancellor Angela Merkel and discuss Greece's progress on its bailout commitments. The Greek leader said he did not see a shortfall in Greece's aid program and assured that the country would not ask for any additional funds. Samaras expressed hope that the negotiations with the Troika international lenders would end soon. He assured that Greece would continue implementing the necessary reforms in order to receive the next tranche of aid. Angela Merkel admitted that Greece had made considerable progress in implementing reforms, which would be evident in the primary surplus. She acknowledged the sacrifices made by the Greeks and urged the country to deliver on its commitments as this is the only way further funds could be released. "And what I am taking away from everything discussed today is that it's not very easy but it's doable," the German Chancellor said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 22,2013 OctaFX.Com News Updates
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