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Canada Wholesale Sales (MoM) registered at -1%, below expectations (0%) in May FXStreet.com (Barcelona) For more information, read our latest forex news. July 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Buy the dips in USD/CAD, targets 1.3300 – TDS FXStreet (Edinburgh) - In the opinion of strategists at TD Securities, pullbacks in the pair remain buying opportunities for a test of the 1.33 handle. Key Quotes “So, until the next major event risk we suggest looking at better levels to get long”. “Dips will most likely be bought towards the 1.2950 area. Note that funds is trading above our daily fair value estimate of 1.2910”. “We will likely need to see a break through 1.3010 before opening significant upside potential to 1.3065”. “From there, we look for 1.3250/1.3300 as the next major level but as we noted above we think that will require a strong indication from the Fed that it will begin tightening by September”. July 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD another attempt to 1.0850 FXStreet (Edinburgh) - The common currency keeps its gains vs. the US dollar so far, taking EUR/USD to the mid-1.0800s. EUR/USD keeps the attention to Greece Spot meanders within the daily range so far, keeping an eye on the Greek front, where the stock markets will remain closed until July 22nd. In the meantime, news that Greece have paid to the ECB (€4.2 billion), IMF (€2.05 billion) and the Bank of Greece (€0.5 million) seems to have somewhat supported the euro in an otherwise flat markets. EUR/USD levels to watch At the moment the pair is up 0.12% at 1.0843 with the next resistance at 1.0866 (high Jul.20) followed by 1.1036 (high Jul.15) and then 1.1086 (high Jul.14). On the flip side, a breakdown of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24). July 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold now accounts for nearly 1.7% of China's total forex reserves FXStreet (Mumbai) - China's gold reserves stood at more than 1,600 tons at the end of June, up 57% from six years ago; which is 1.7% of China’s total forex reserves. China is now the world's sixth largest official sector gold holder after the US, Germany, the IMF, Italy and France. The People’s Bank of China (PBOC) is of the view that investment in Gold would be beneficial for risk management. An increase of more than 600 tons of gold would help guarantee the security, liquidity and value of China's international reserves, the PBOC said. July 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BoE still expected to hike sooner than later – Societe Generale FXStreet (Edinburgh) - Kit Juckes, Strategist at Societe Generale, sees the ‘Old Lady’ getting ready to raise its rates. Key Quotes “The BOE MPC Minutes on Wednesday are probably the highlight of the UK calendar, after the clear turn in the rhetoric from MOPC members in recent days”. “The Bank of England is preparing the ground for a rate hike, though not imminently”. “EUR/GBP RSIs, like those in other pairs, are beginning to look a bit stretched after the acceleration down after the break of 0.70, but we’d still look for one final slide lower before the correction”. July 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Markets vigilant on Greek banks – Deutsche Bank FXStreet (Edinburgh) - Analyst at Deutsche Bank Jim Reid noted the relevance of today’s re-opening of the Greek banks. Key Quotes “Talking of Greece, the banks re-open today for the first time in three weeks”. “Greece is unlikely to be a huge macro influence now for a couple of months but events like this are certainly worth keeping an eye on to assess the likelihood of future progress or lack of it”. “Aside from the banks we also heard from German Chancellor Merkel who suggested that it would be possible to discuss Greek debt relief through extending maturities once the ESM deal has been negotiated, but she once again reiterated the ruling out of any haircuts”. “Merkel also dismissed any suggestions of a dispute with German Finance Minister Schaeuble who had said in a Der Spiegel interview over the weekend that the two had differences, although he downplayed any talks of a potential resignation”. “Meanwhile, late on Friday we also saw Greek PM Tsipras announce a cabinet reshuffle as largely expected, replacing various members of the Syriza party who had previously opposed the proposals at the parliamentary vote last week, including the more outspoken Left Platform faction leader Lafazanis”. July 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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NZD/USD lurched lower and hesitated FXStreet (Barcelona) - A harami cross pattern unfolded on the NZD/USD daily chart turning the intermediate trend from bearish to neutral. The pattern occurs within the context of deteriorating prices unfolding with the daily stochastic (14,3,3) tracking below 20. From here on, this oscillator could easily react with any future close near the highs, especially since yesterday's trading range formed a doji line on the chart. Highlighting the lack of trendiness is the 1-hour ADX indicator which dipped below 30 in today's trading. Note the harami cross is considered a more potent reversal than the regular harami. July 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP: Bears breaking six year channel's base - CB FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that EUR/GBP has sold off to the base of the base of a 6 year channel at 0.6967, there has been a minor erosion of this. Key Quotes: "The intraday momentum indicators are showing oversold and very near term we would allow for a small rebound." "TD support comes in at 0.6940, the Elliott wave count at 0.6920 on the 240 minute, both imply that the downside is limited at this juncture and we would prefer to sell the rallies. Rebounds are currently indicated to terminate .7065." "The base of the 0.6967 6 year down channel was our medium downside target and it is possible that it will again hold. This is the break down point to the 0.6571/41 the 2007 low." July 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Reuters/Michigan Consumer Sentiment Index came in at 93.3, below expectations (97) in July FXStreet.com (Barcelona) For more information, read our latest forex news. July 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold drops to 2015 low FXStreet (Mumbai) - Gold prices dropped to the 2015 low of USD 1136.66/Oz as the USD index strengthened after the data in the US showed core CPI ticked higher in June. Approaching Nov 2014 low The metal has taken out the previous 2015 low at USD 1142.59 and is fast approaching the Nov 2014 low of USD 1130.10/Oz. The selling pressure strengthened after the official data in the US showed core CPI rose 1.8.% year-on-year in June. Furthermore, the housing starts beat estimates and Building permits for single and multifamily properties, a gauge of future construction, climbed to an almost eight-year high. Consequently, the metal took a hit on increased bets of interest rate hike in 2015. However, despite of a positive data, the treasury yields at the short-end of the curve, which mimic interest rate expectations, have not been able to tick higher. Gold Technical Levels The immediate support is seen at 1130.10 (Nov 2014 low), under which the pair could target the psychological level of 1100. On the other hand, immediate resistance is located at 1142.59 (Mar 2015 low) and 1150.00. July 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US CPI rises 0.1% as expected in June FXStreet (Mumbai) - The official data released in the US on Friday showed the inflation as measured by the consumer price index (CPI) rose 0.1% in June, matching the estimate of a 0.1% rise. CPI had stalled in May. Month-on-Month, the CPI rose 0.3% in June, compared to a 0.4% rise seen in May. Core CPI ticks higher in June The cost of living in the US excluding food and fuel ticked higher in June, a sign inflation may be inching towards the Federal Reserve’s goal. Core CPI rose 1.8.% year-on-year in June, matching the estimate of a 1.8% rise. The previous month’s print stood at 1.7%. Month-on-month core CPI rose 0.2% as expected. About two-thirds of the increase in the core rate was caused by rising rents. Rents of primary residences climbed 0.4%, the most since August 2013. July 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Consumer Price Index Ex Food & Energy (MoM) meets forecasts (0.2%) in June FXStreet.com (Barcelona) For more information, read our latest forex news. July 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Housing Starts (MoM) came in at 1.17M, above forecasts (1.13M) in May FXStreet.com (Barcelona) For more information, read our latest forex news. July 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD drops below 1.56 FXStreet (Mumbai) - The GBP/USD pair has extended losses to trade around 1.5590 after the German Bundestag approved new Greek bailout negotiations helped the EUR/GBP recover losses. Cross driven weakness The drop below 1.56 is largely due to the recovery seen in the EUR/GBP cross from the low of 0.6943 to trade at 0.6980. The uptick in the cross was driven by the Bundestag’s approval of start of new debt negotiations for a new Greek bailout. Ahead in the day, the spot could extend losses in case the data in the US shows CPI ticked higher as expected in June. The investors shall also watch out for housing reports and Fed vice chair Fischer speech. GBP/USD Technical Levels The immediate resistance is seen at 1.5607 (23.6% Fib R of Apr-Jun rally) and 1.5638 (38.2% Fib R of June rally). On the flip side, support is seen at 1.5560 (50-DMA) and 1.54 handle. July 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com - Congratulations on Eid-Al-Fitr From OctaFX! OctaFX would like to congratulate our Muslim clients with the last day of Ramadan - the Ramadan Feast Eve. Enjoy the celebration of ‘Id AL-Fitr’, dedicated mainly to fasting, prayer and alms-giving. We wish you blessing and joy during this time. Give thanks to Allah for His bounty and mercy. May Allah accept your Fasting. Celebrate the day by being forgivable and altruistic. It is the time when self-reflection and self- fulfillment brings joy and peace to your home. Let your lives glorify the Almighty and give joy to those around you. All the warmest wishes we address to you and you beloved. May you be guided by your faith in Allah and shine in his divine blessings! Let this time be full of wonderful feasts, jubilation and happiness! We wish prosperity and good fortune to you and your family. May this year's Eid give you all the happiness and joy of this world and hope that the blessing of the Almighty be with you. We wish you success and happiness for all your efforts and deeds. Let your trading with OctaFX be always profitable and solid! Happy Feast to you all! Eid Mubarak! 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!

United States EIA Natural Gas Storage change climbed from previous 91B to 99B in July 10 FXStreet.com (Barcelona) For more information, read our latest forex news. July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Russia Central Bank Reserves $ down to $359.9B from previous $362B FXStreet.com (Barcelona) For more information, read our latest forex news. July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD recovers above 1.56 FXStreet (Mumbai) - The GBP/USD pair recovered from the low of 1.5560 to trade above 1.56 levels, largely mimicking the moves witnessed in the EUR/USD pair. Trades around 23.6% Fib of Apr-June rally The pair is hovering around 1.5607, which is the 23.6% fib retracement of the Apr-June rally. The pair moved largely in line with the movement seen in the EUR/USD pair during the ECB President Mario Draghi’s press conference. Moreover, the spot ignored the Us initial jobless claims, which printed below 300K for the 19th consecutive session. Meanwhile, a weaker-than-expected Philadelphia Fed manufacturing survey also weakened the bid tone on the US dollar somewhat. GBP/USD Technical Levels The immediate support is seen at 1.56, under which the spot could target 1.5550 (50% Fib of June rally). On the other hand, resistance is seen at 1.5638 (38.2% Fib R of June rally) and 1.57 levels. July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EU finance ministers agree on bridge loan for Greece from EFSM FXStreet (Córdoba) - EU finance ministers have agreed on € 7 billion bridge loan for Greece from the European Financial Stabilisation Mechanism (EFSM), according to EU Juncker. European Commission's Valdis Dombrovskis tweeted @VDombrovskis “There is an agreement in principle on EFSM-based #bridgefinancing for #Greece, procedure to be finalised by tomorrow at noon. #ECOFIN” July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US initial jobless claims drop for the first time in a month FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits fell to 281K in the week ended July 10, compared to the estimated drop to 285K from previous week’s downwardly revised 296K. Jobless claims below 300K for 19th consecutive week The jobless claims dropped by 15K last week. The number stayed below 300K for the 19th consecutive week, a sign labor market momentum continues to strengthen. The four-week average of claims, which provides a more accurate picture of the labor market strength, increased to 282,500 from 279,250 in the prior week. Meanwhile, the continuing claims dropped by 112,000 to 2.22 million in the week ended July 4. July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Poland Corporate Sector Wages: 2.5% (June) vs previous 3.2% FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits fell to 281K in the week ended July 10, compared to the estimated drop to 285K from previous week’s downwardly revised 296K. Jobless claims below 300K for 19th consecutive week The jobless claims dropped by 15K last week. The number stayed below 300K for the 19th consecutive week, a sign labor market momentum continues to strengthen. The four-week average of claims, which provides a more accurate picture of the labor market strength, increased to 282,500 from 279,250 in the prior week. Meanwhile, the continuing claims dropped by 112,000 to 2.22 million in the week ended July 4. July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Poland Corporate Sector Wages: 2.5% (June) vs previous 3.2% FXStreet.com (Barcelona) For more information, read our latest forex news. July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!