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OctaFX_Farid

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  1. OctaFX_Farid
    GBP/USD tug of war, can support 1.6150 hold up? FXstreet.com (London) - GBP/USD has been a tug of war over the past couple of sessions, spending most of yesterday on the back foot following a large order that hit the market on the China news. Key 1.6115/20 level held up and the reversal has swift, trading back above 1.62 on the open in Europe today. However, the dollar has risen again taking the pair lower while the trade balance has improved in August. This opens up a well defined range between (1.6115 and 1.6260) and a break of either could illicit a decent move. GBP/USD Levels The 20 DMA is 1.6090, the 50 DMA is 1.5877 and the 200 DMA is 1.5478. RSI (14) reads 39.73. Supports are ascending from 1.6033, 1.6064, 1.6076 and 1.6110. Spot is currently 1.6155 while resistances are 1.6190, 1.6205, 1.6228, 1.6260 and 1.6310. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 24,2013 OctaFX.Com News Updates
  2. OctaFX_Farid
    US: Trade deficit rose to $38.80 billion in August FXstreet.com (Edinburgh) -The Commerce Department has informed that the trade deficit expanded to $38.80 billion during August from $38.64 billion (revised from $39.15 billion) in the previous month (revised). The print however bettered the median at $39.50 billion. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 24,2013 OctaFX.Com News Updates
  3. OctaFX_Farid
    AUD/USD breaks below 0.9600 FXstreet.com (Córdoba) - The AUD/USD slipped to fresh daily lows at the beginning of the American session after data showed US jobless claims fell less than anticipated last week, while August trade deficit widened in August. US initial jobless claims fell to 350K in the week ending Oct 19 versus 380K expected. The AUD/USD broke below the 0.9600/05 support area and stretched to a 1-week low of 0.9585 so far. At time of writing, AUD/USD is trading at the 0.9595 zone, recording a 0.2% loss on the day. Aussie weighed by China woes The Aussie remains under pressure Thursday despite stronger-than-expected Chinese HSBC PMI amid concerns about reports of a large write-off of bad loans at major Chinese banks and a spike in short-term rates. AUD/USD technical levels As for technical levels, next supports are seen at 0.9526 (Oct 17 low) and then 0.9500/0.9498 (psychological level/Oct 16 low). On the other hand, resistances could be found at 0.9670 (daily high) and 0.9700 (psychological level) ahead of 0.9712 (50% of 1.0581-0.8847). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 24,2013 OctaFX.Com News Updates
  4. OctaFX_Farid
    OctaFX "KING OF THE ROAD" CONTEST going on its last stages, more than 8200 contestant participated till yet and you have still golden opportunity to take part this fantastic contest that may bring you chance to win excited prizes from Octa Markets Incorporated. this is an amazing live account contest from OctaFX! Unlike the contests held by our rivals, there is no lucky draw or anything, it is your skill and effort which can get you a Porsche Panamera car from OctaFX! Trade and become a true king of the road with brand new Porsche Panamera. Deposit to your account today, register for the contest and let the most proficient trader win! The Contest duration is: Start date: 08/08/2012 Finish date: 12/21/2013 Stay tuned for additional tasks and visit our Facebook page to keep update!
  5. OctaFX_Farid
    Flash: The commentary in the October Minutes on the real economy conveyed a more upbeat tone – RBS FXstreet.com (London) - Research teams at RBS noted the BoE minutes and said the MPC voted unanimously, for a fourth successive month, to maintain monetary policy settings – “as expected”. Key Quotes: “…The MPC continues to eye the business surveys with some caution [the PMIs have tended to over-estimate the official GDP data by almost a full percentage point in annualised growth terms over the past couple of years] but noted the signs of revival in the housing market which were 'likely to provide a fillip to both dwellings investment and consumer spending'”. “As the Minutes implied, this might not be wholly consistent with the desire for a 'rebalancing' of demand, but there seems to be less high-minded rhetoric about this these days, either from Threadneedle St or Westminster”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 23,2013 OctaFX.Com News Updates
  6. OctaFX_Farid
    RBA unlikely to cut – Rabobank FXstreet.com (London) - Jane Foley, Senior Currency Strategist at Rabobank noted that overnight brought news of a stronger than expected rise in Australian CPI (0.7% q/q). Key Quotes: “This data release has strengthened our belief that the RBA are unlikely to cut rates again this cycle but this view was formed because of signs of pick up in other parts of the Australian economy, including the housing market”. “While the RBA, like most G10 central banks, is mandated to keep CPI in check, the Bank in recent years has been forced to keep one eye on house prices and the associated outlook for household debt”. “High levels of household debt means that the economy is more vulnerable to a hard landing when recessionary risks arise”. “While the end of the mining investment boom in Australian impacted household’s desire to take on more debt, house prices have recently been again showing signs of life and this is likely to be a key factor in staying the hand of the RBA going forward”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 23,2013 OctaFX.Com News Updates
  7. OctaFX_Farid
    USD/CAD soars after BoC statement FXstreet.com (Córdoba) - The Loonie weakened broadly and USD/CAD soared to a fresh 1-week high after the BoC monetary policy decision. BoC drops hawkish bias Even though the Bank of Canada decided to keep interest rate unchanged at 1.0% it dropped reference to higher rates as it trimmed GDP projections for 2013 and 2014. USD/CAD jumped after the statement and climbed to a fresh 1-week high of 1.0379 before easing slightly. USD/CAD technical levels The USD/CAD is currently trading at the 1.0365 area, recording a 0.4% gain on Wednesday ahead of the BoC news conference scheduled for 16:30GMT. As for technical levels, immediate resistances are seen at 1.0379 (daily high), and 1.0400 (psychological level), while supports could be found at 1.0282 (daily low) and 1.0265 (200-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 23,2013 OctaFX.Com News Updates
  8. OctaFX_Farid
    US Export Price Index (MoM) up to 0.3% in September; -1.6% (YoY) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 23,2013 OctaFX.Com News Updates
  9. OctaFX_Farid
    OctaFX.com - OctaFX introduces Free VPS solution! Always giving our clients the support and attention they deserve we created a perfect way to increase your profit! The great news is that starting from today, we provide you with our free VPS hosting solution for your Metatrader Expert Advisors. Having a problem with running a PC all the time to perform EA trading? Then, our splendidly tailored VPS solution is developed and designed exactly for you. Step up to be more independent even from a PC or internet connection – have your EA trade safely! OctaFX offers our clients to request personal VPS and run a pre-installed Metatrader 4 software and any EAs they want on a remote server at any time and have it trade automatically 24 hours a day. Here’s some thoughts of our CEO concerning that matter: “Our new service is created by our effective team to make your trading last longer and give you the profit you deserve. It has always been our top priority to provide you with high quality services in accordance with international standards”. OctaFX CEO Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!
  10. OctaFX_Farid
    Flash: New Year dollars – JP Morgan FXstreet.com (London) - Research teams at JP Morgan said this month’s Washington wars raise understandable questions about enduring damage to the dollar as a reserve currency, since the political process creates non-zero default risk in an asset which should be default-free. However, they said the damage to the dollar therefore looks more cyclical than structural. Key Quotes: “…the damage to the dollar therefore looks more cyclical than structural in that is suppresses US rates for longer”. “But with the US economy unlikely to slow much or for long, US rates should move towards 2.7% by year-end, which in turn limits USD downside into the new year”. “We doubt the December 2013/January 2014 debates will be as tense as the October one, and the debt ceiling issue has been deferred effectively until July 2014 due to Treasury’s use of extraordinary measures”. “Thus round five of the budget disputes under a divided Congress (the first three were the April 2011 near-shutdown, August 2011 debt ceiling and December 2012 fiscal cliff) could prove even less impactful on global markets than the fourth round in this October”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 22,2013 OctaFX.Com News Updates
  11. OctaFX_Farid
    US: Richmond Fed Manufacturing Index rises in October against forecasts FXstreet.com (Barcelona) - The US Richmond Fed Manufacturing Index grew to 1 point in October after remaining flat in September, the Federal Reserve Bank of Richmond informed on Tuesday. Analysts expected the indicator to stay unchanged for another month. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 22,2013 OctaFX.Com News Updates
  12. OctaFX_Farid
    US: Construction Spending rises 0.6% in August FXstreet.com (Barcelona) - US Construction Spending grew 0.6% in August, down from the 1.4% increase registered the previous month, according to data released by the US Census Bureau. This result is above consensus of +0.4%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 22,2013 OctaFX.Com News Updates
  13. OctaFX_Farid
    US Richmond Fed Manufacturing Index improves to 1 in October from 0 (September) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 22,2013 OctaFX.Com News Updates
  14. OctaFX_Farid
    prodan31 thank you very much for your kind remarks, we wish you happy trading with OctaFx.
  15. OctaFX_Farid
    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.
  16. OctaFX_Farid
    NZD/USD jittery ahead of NFP’s tomorrow FXstreet.com (London) - NZD/USD is jittery ahead of tomorrows NFP’s. The pair opened lower with a gap on the charts and declined 40 pips before reverting on the bid to close the gap. Research teams at TD Securities said the net permanent migration jumped by +2740 in Sep, where the monthly and annual increase are at decade highs. “The upside pressure on domestic demand is intensifying. Credit card spend in Sep was –0.1%/mth, entirely as expected as the upwardly revised Aug jump of +1.4%/yr”. Later today we will see NZ trade balance for Sep month on month. They continued and mentioned the delayed September NFP’s report is out tomorrow… “and we look for a 182k gain in payrolls (market +180k), from +169k in August…The USD will remain sensitive to the relative strength/weakness of the data, even though the Fed remains side-lined for the next few months”. NZD/USD Levels The 20 DMA is 0.8331, the 50 DMA is 0.8132 and the 200 DMA is 0.8183. RSI (14) reads 47.08. Supports are ascending from 0.8398, 0.8416 and 0.8430. Spot is currently 0.8463 while resistances are 0.8506, 0.8529, 0.8558, 0.8587 and 0.8643. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 21,2013 OctaFX.Com News Updates
  17. OctaFX_Farid
    US sells $35B in 3-month bills at 0.035% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 21,2013 OctaFX.Com News Updates
  18. OctaFX_Farid
    GBP/USD trims losses as USD lacks momentum FXstreet.com (Córdoba) - The GBP/USD quickly trimmed intraday losses after falling a 4-day low of 1.6132 at the beginning of the New York session. The greenback failed to sustain momentum, allowing the GBP/USD to recover some ground and cut losses. However, from a wider view, the Cable remains trapped in a range bounded by 1.6130 on the downside and 1.6180 on the upside as investors await the NFP report to be published Tuesday. GBP/USD levels to watch As for technical levels, if the GBP/USD breaks below 1.6130, it could fall to 1.6100 (psychological level) and even 1.6065 (100-hour SMA). On the other hand, resistances are now seen at 1.6180 (daily high), 1.6225 (Oct 18 high) and 1.6260 (Oct 1 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 21,2013 OctaFX.Com News Updates
  19. OctaFX_Farid
    AUD/USD in wait and see mode at trend line resistance? FXstreet.com (London) - AUD/USD is attempting the 0.9680 resistances again at the top of the recent bull-run from last weeks 0.9460/80 range. AUD/USD is rested higher at these levels within a range ahead of tomorrows NFP’s. Research teams at TD Securities said, “The delayed September report is out tomorrow and we look for a 182k gain in payrolls (market +180k), from +169k in August…The USD will remain sensitive to the relative strength/weakness of the data, even though the Fed remains sidelined for the next few months”. Then, they suggested all eyes will be on the Q3 CPI report in Wednesday where they expect a deceleration in the key underlying measure from 2.4%/yr to 2.1%/yr (mkt 2.2%), or a quarterly average print of +0.5%/qtr. “Some estimates are rather lofty, so if we’re wrong, expect the AUD to explode to the topside from here”. AUD/USD Levels The 20 DMA is 0.9455, the 50 DMA is 0.9280 and the 200 DMA is 0.9757. RSI (14) reads 56.52. Supports are ascending from 0.9548, 0.9564, 0.9604, 0.9625 and 0.9649. Spot is currently 0.9671 while resistances are 0.9680, 0.9700, 0.9716 and 0.9765. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 21,2013 OctaFX.Com News Updates
  20. OctaFX_Farid
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  21. OctaFX_Farid
    @kodakov thank you for choosing best broker service we wish you happy trading with OctaFx
  22. OctaFX_Farid
    Supporting the tendency of only positive news, OctaFX team has prepared one more contest to add to our spectacular range of promotions. Just think about the following: how often do you visit our Official Facebook community? Have you already declared yourself as our fan? We were updating you on crucial market events and asked your opinions - today it’s your time to shine! Do you have a strong foresight, so market seems too predictable sometimes? Can you tell at once if it’s a long anticipated recovery or a dead cat bounce? - if “Sure!” is your answer, our new contest will thrill you to bits. Watch our OctaFX Facebook page closely - every week you’ll find there a contest post that can bring you 10$ bonus to your OctaFX trading account! How is it even possible? We will give you a task to interpret current data and market conditions and tell us what you expect from a certain currency pair. Everything depends on you and your ability to feel the market. We award the most precise answer that arrives to us first. Find our task in a Facebook timeline and post your answer in the comments below the task itself! The results of a weekly round are available every Wednesday! Stay tuned for additional tasks and visit our Facebook page to join the competition!
  23. OctaFX_Farid
    S&P500 posed for record close after the fiscal deal FXstreet.com (Edinburgh) -Shares in the US markets are trading mostly higher on Thursday, with corporate earnings now taking centre stage after the US clinched a deal to re-open the shutdown and raise temporarily the debt ceiling. The US Dollar index is submerged into the red territory around 79.65/70, dragged lower after the Chinese agency Dangon cut the US credit rating. At the moment DowJones is down 0.37% while the S&P500 and the Nasdaq are up 0.27% and 0.24%, respectively. Positive corporate results plus a relief tone after the US deal left markets mixed in Euroland, with the FTSE100 and the IBEX35 advancing 0.07% and 0.39%, respectively. The CAC40 dropped 0.10% followed by the DAX 0.38%. The shared currency rallied to the area of 1.3670 in response to the Chinese rating cut to the US, leaving the door open for an assault to 2013 highs at 1.3711. In the commodities’ space, the barrel of WTI is testing the psychological support at 100.00, down 1.56% while the ounce troy of gold is following the opposite path, posting strong gains at $1,320, or 2.95%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17,2013 OctaFX.Com News Updates
  24. OctaFX_Farid
    Flash: GBP in the first mover disadvantage position? - UBS FXstreet.com (Córdoba) - After the US debt deal, the expectation for the Fed to continue its monetary easing for longer moved EUR/USD on Thursday to its highest level for 9 months amid broad USD weakness. The UBS analyst team commented on divergent monetary policies and how they would affect currencies. Key Quotes "We would argue this EUR-strength is not liked at the ECB." "On the other hand, Bank of England chief economist Dale talked about rates could rise in 2014 and thereby spurred the GBP rally". "We continue to see GBP in the so called 'first mover disadvantage'– the disadvantage of strong currency appreciation for whoever is expected to tighten monetary policy first". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17,2013 OctaFX.Com News Updates
  25. OctaFX_Farid
    EUR/GBP back in positive territory? FXstreet.com (London) - EUR/GBP was falling on the CPI release and breaking the 0.8460 support late in the day yesterday. The supply in 0.8490-0.8510 regions remains and with the downside break not really extending, the range remains 0.8420-0.8500 while today's data had a marginal impact n the pair. Research teams at TD Securities explained that the UK labour market data on net was better than expected, though the all-important ILO unemployment rate for August came in unchanged and on consensus at 7.7%. Meanwhile EZ CPI came in line and attention will turn to ECB Draghi’s Speech. EUR/GBP Levels The 20 DMA is 0.8425, the 50 DMA is 0.8477 and the 200 DMA is 0.8527. RSI (14) reads 52.53. Supports are ascending from 0.8376, 0.8401, 0.8425 and 0.8458. Spot is currently 0.8462 while resistances are 0.8494, 0.8510, 0.8520 and 0.8553. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 16,2013 OctaFX.Com News Updates
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