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US: ISM New York Index down to 53.6 in September FXstreet.com (Barcelona) - The ISM New York Index fell to 53.6 in September, from 60.5 in October, according to data released by NAPM-New York. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02,2013 OctaFX.Com News Updates

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EUR/USD still wavering around 1.3550 FXstreet.com (Córdoba) - The EUR/USD continues to waver above 1.3500 Tuesday as the kneejerk reaction of reaction to the US shutdown faded, giving the greenback some respite. Risk aversion receded a tad following a positive opening in Wall Street and in-line-with-expectations Markit manufacturing PMI. EUR/USD is currently trading at the 1.3550 area, up 0.2% on the day, as the most recent correction was contained by the 1.3535 zone. EUR/USD technical outlook From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com, notes that the pair holds a pretty positive tone with the 20-hour SMA offering short term support around 1.3535. However, Bednarik notes that the EUR/USD presents a more neutral stance in 4-hour charts. "The upside is favored towards 1.3610/20 area in the short term, and eyeing 1.3710 for the upcoming sessions", the analyst said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01,2013 OctaFX.Com News Updates

USD/JPY - Abe hikes sales tax and announces stimulus, but is it enough? FXstreet.com (London) - Japanese Prime Minister Shinzo Abe has announced that the government will raise the national sales tax to 8 percent in April from 5 percent, with the tax hike being softened by a further government stimulus. The announcement has driven the USD/JPY down to JPY97.7405, down 0.57 percent so far. The Bank of Japan predicts that the hike will draw in an additional JPY8 trillion in tax receipts. However, the Japanese PM has announced that the hike will coincide with a JPY5 trillion stimulus package. The tax hike is part of Abe’s attempts to address the country’s huge budget deficit, running at 10 percent of GDP. In contrast with the trend in most of the major economies, where fiscal contraction policies have gone hand-in-hand with monetary expansion, Japan has pursued a policy of ultra-loose monetary policy with aggressive government stimulus programmes as the country tries to escape deflationary pressures. With an economy where the Japanese consumer just will not spend, a sales tax hike is a risky manoeuvre. And even if Abe’s policies to generate the predicted revenues, at the current rate they would quickly be consumed by the country’s out of control government spending. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01,2013 OctaFX.Com News Updates

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USD/CAD doji signifying easing of bear trend FXstreet.com (London) - USD/CAD has printed a high of 1.0319 and a low of 1.0273 whilst the pair is down -0.22% and currently trading at 1.0284. Research teams at TD Securities explained that USD/CAD’s short-term technical performance looks a little wanting. “The rebound in spot seen over the course of last week is showing signs of rolling over as the 38.2% retracement of the 1.0560/1.0185 move lower caps USD gains for the moment”. The Short-term oscillator studies are tracking lower, they said, suggesting that the market may put a little more pressure on the mid/upper 1.02 support area in the next day or so. USD/CAD Levels TD Securities strategists said, intraday, look for resistance at 1.0340/50. “After some relatively positive weekly signals (a large bull “hammer” two weeks ago and a small doji candle last week which suggest to us that broader bear pressure on USD/CAD is easing), early price action so far this week has been rather soft in funds. Last week’s 1.0341 high represents near-term resistance for the market but we would not be able to get really constructive on the broader outlook for the USD unless the market traded through the low 1.04 area at the moment”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30,2013 OctaFX.Com News Updates

US: Chicago PMI jumps to 55.7 in September FXstreet.com (Barcelona) - The US Chicago PMI released by the MNI Deutche Börse Group surprised to the upside, increasing to 55.7 in September, from 53 in August and beating expectations of a rise to 54. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30,2013 OctaFX.Com News Updates

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Markets in red on debt ceiling jitters FXstreet.com (Edinburgh) -The ongoing debate surrounding the US debt ceiling and the lack of solid responses, if any, by the US politicians are weighing on sentiment at the end of the trading week, as October 1st deadline is looming. The greenback, in terms of the US Dollar Index, is bouncing off session lows, giving away weekly gains around 80.20/15. As of writing, DowJones is retreating 0.44%, followed by the S&P500, 0.40% and the Nasdaq, 0.08%. Across the pond, Italian political effervescence dragged the main indices lower, with the FTSE100 dropping 0.81%, ahead of the IBEX35, 0.47% and the DAX, 0.03%. The shared currency is netting a flat week around 1.3520, retracing earlier gains after testing post-FOMC peaks around 1.3560/65. Commodities are trading in a mixed tone, with the ounce troy of gold gaining 1.06% at $1,338 and the barrel of WTI losing 0.18% at $102.84. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 27,2013 OctaFX.Com News Updates

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USD/JPY a mixed bag; 99.00 a challenge FXstreet.com (London) - USD/JPY had managed a breach of the 99.00 handle, on three attempts but has failed to offer any conviction and subsequent of less than impressive Us data the pair are struggling to hang in there. TD Securities explained that fresh reports that the Abe government is considering a corporate tax cut in the near future to help balance the much telegraphed sales tax increase on the horizon saw the JPY sell off sharply across the board early in the overnight session. “The Nikkei was boosted by over 1% on the news, and the index’s strong, positive correlation with USD/JPY is likely a strong force behind the pressure on the currency. But the broadly consolidative tone of markets has seen most of that move retrace in recent hours. Reports of new government policies have grown very common now and we may need to see a hard announcement before we see USD/JPY levels outside of the range of the past two months (97.50/100)”. From the calendar, US GDP came in slightly lower than anticipated by markets, at 2.5% vs 2.6% while initial jobless claims improved in terms of the consensus at 305K against 325K expected. USD/JPY Levels The 20 DMA is 99.20, the 50 DMA is 98.58 and the 200 DMA is 96.25. RSI (14) 57.12. Supports are ascending from 97.98, 98.19 ,98.27 and 98.51. spot is currently 98.94 while resistances are 99.18, 99.36, 99.67 and 99.99. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

OctaFX.Com - Brand new Personal Area in Bahasa Indonesia!! Dear Clients, Today we are very glad to announce one more essential step towards perfection – the news is that our Personal Area is now available in Bahasa Indonesia! Our customers from Indonesia are of great value for OctaFX; that is why we do everything in our power to meet your expectations by making your trading experience with OctaFX smooth and convenient. Now that Personal Area speaks your language, you can easily manage your OctaFX account by simply using it: Deposit and withdraw funds, make internal transfers Open new accounts View account stats Manage your personal profile Participate in our thrilling contests Receive bonuses “That was and still is of supreme importance for us to be closer to our clients from Indonesia, so we were relentlessly occupied with that addition of crucial importance” – our Head of the Business Development Department asserted. More languages are coming to be introduced in the nearest future, so keep in touch to know when it’s your lucky day. Thank you for trading with us! OctaFX Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

Flash: A third of the market fooled - BBH FXstreet.com (London) - Research teams at BBH note that the market is still wrestling with the Fed's decision not to taper. Key Quotes: “Investors continue to wrestle with the implications of the Federal Reserve's decision last week not to taper”. “What is being generally overlooked is that a full third of the market, according to various polls, did not expect the Fed to taper. Many journalists were surprised, and this seems to be colouring their coverage. For example, just yesterday, a Financial Times reporters wrote, "To a man, Wall Street's best strategists were caught out by the Federal Reserve's decision not to curb its emergency asset buying." Substitute strategists with reporters and the assessment may be fairer”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

AUD/USD, 0.9400 still a wishful thinking FXstreet.com (Edinburgh) -The Aussie dollar managed to retraced the whole intraday decline on Wednesday, lifting the AUD/USD from troughs around 0.9340 to the vicinity of 0.9390, losing some traction afterwards. AUD/USD keeps hinging on risk trends Extremely light docket in the Australian economy prompted investors to look towards the US economy for drivers this week, as key data and significant Fedspeak would be in the limelight. In the opinion of Robert Rennie, Strategist at Westpac, “My best guess this week is that AUD will still correct lower. It's possible we could see a move to 0.9250/0.9280 if concerns about the "US debt ceiling and budget showdown" rise. However, if anybody listened to my views last week and did sell AUD above 0.95, I would be advising buying them back on dips towards that 0.9280 level. Let's see what happens when we get there”. AUD/USD levels to watch As of writing the pair is down 0.17% at 0.9375 with the next support at 0.9343 (low Sep.23) and then 0.9336 (low Sep.18). On the flip side, a breakout of 0.9394 (high Sep.25) would clear the way to 0.9428 (high Sep.24) and finally 0.9459 (high Sep.20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

USD/CAD dips back below 1.0300 FXstreet.com (Córdoba) - The USD/CAD dropped to fresh lows during the New York session as the greenback came under renewed pressure across the board. After failing to overcome the 1.0320 level, USD/CAD spent a few hours in a tight range but failed to hold above the 1.0300 psychological level and dropped to fresh daily lows in recent dealings. At time of writing, USD/CAD is trading at the 1.0295 area, having found support at the 100-hour SMA at 1.0285. USD/CAD levels to watch On the downside, supports could be found at 1.0285 (100-hour SMA) and 1.0270 (Sep 24 low)., while on the upside, if USD/CAD manages to overcome the 1.0320/27 area (daily highs/38.2% Fib of 1.0560/1.0182), next resistances are seen at 1.0350 (100-day SMA) and 1.0370 (50% Fibo level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

Markets revert losses on mixed US data FXstreet.com (Edinburgh) -US shares reverted the negative start on Tuesday, after mixed bag of results from consumer confidence and housing sector. The US Dollar index, which tracks the greenback against its major competitors, is edging higher, retaking the mid 80.00s area and extending its bounce off post-Fed lows. At the moment, DowJones is up 0.16%, followed by the S&P500, 0.27% and the Nasdaq, 0.59%. Bourses in Euroland nudged higher on better German IFO series, although mixed US data dragged the main indices from intraday peaks. The IBEX35 was the top performer, up 0.64%, seconded by the CAC40, 0.56% and the DAX, 0.34%. Quite erratic day for the EUR, climbing to 1.3520 after breaking overnight’s consolidation pattern, just to fall afterwards to lows near 1.3460 and currently meandering around 1.3485/90. In the commodities’ sphere, the both the barrel of WTI and the ounce troy of gold are giving ground, down 0.87% at $102.72 and 0.41% at $1, 322, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24,2013 OctaFX.Com News Updates

USD/CAD hesitant around 1.0300 FXstreet.com (Córdoba) - As most pairs in the FX market, the USD/CAD has spent most of the day in a range as investors seem hesitant regarding what side to take regarding the USD. USD/CAD stuck in a range USD/CAD fell to a session low of 1.0268 at the beginning of the American session but quickly bounced back above the 1.0300 mark although it couldn’t sustain either the bullish momentum and settled around mid-range. From a wider perspective, the pair remains stuck in a range constrained by 1.0268 on the downside and 1.0310 on the upside. USD/CAD technical levels At time of writing, USD/CAD is trading at the 1.0295 zone, 0.1% above its opening price. In terms of technical levels, immediate resistances are seen at 1.0310 (daily high) and 1.0317 (Sep 18 high) ahead of 1.0348 (100-day SMA). On the downside, supports are seen at 1.0268 (daily low) and 1.0215 (200-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24,2013 OctaFX.Com News Updates

EUR/USD struggles to make ground with central banks in a battle of the doves FXstreet.com (Barcelona) - The euro showed some falls on weaker than expected German sentiment and dovish European Central Bank comments. But in a battle of the doves, any gains to be made by the dollar against the common currency have been sandbagged by Fed support of continuing ultra-loose policy. The LFO business climate index, based on a monthly survey of 7,000 firms, indicated that German sentiment rose to 107.7 in September, missing the consensus forecast of 108.2. The figure compared with a revised reading of 107.6 in August. The number represents a 17-month high, but given the recent strong momentum of German macro data, it still disappointed. While the miss on consensus was minor, markets have been particularly sensitive following comments from European Central Bank president Mario Draghi yesterday that the ECB would be prepared to maintain cheap borrowing rates through its long-term refinancing operation (LTRO) mechanism in order to hold down money market rates. ECB Governing Council member Ewald Nowotny reinforced Draghi’s stance today by saying that any European growth remained too fragile for the central bank to remove its support. EUR/USD is currently trading at USD1.3487, barely dipping below its USD1.3492 opening price. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24,2013 OctaFX.Com News Updates

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OctaFX.Com - Brand new Personal Area in Bahasa Indonesia!! Dear Clients, Today we are very glad to announce one more essential step towards perfection – the news is that our Personal Area is now available in Bahasa Indonesia! Our customers from Indonesia are of great value for OctaFX; that is why we do everything in our power to meet your expectations by making your trading experience with OctaFX smooth and convenient. Now that Personal Area speaks your language, you can easily manage your OctaFX account by simply using it: Deposit and withdraw funds, make internal transfers Open new accounts View account stats Manage your personal profile Participate in our thrilling contests Receive bonuses “That was and still is of supreme importance for us to be closer to our clients from Indonesia, so we were relentlessly occupied with that addition of crucial importance” – our Head of the Business Development Department asserted. More languages are coming to be introduced in the nearest future, so keep in touch to know when it’s your lucky day. Thank you for trading with us! OctaFX Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

Fitch cuts Croatia to Junk and Malta to A ratings FXstreet.com (San Francisco) - Fitch Ratings has downgraded Croatia sovereign debt to BB+ from BBB- according to a press release published by the agency. Fitch also cut Malta to 'A' from 'A+'. Both with stable outlook. According to Fitch, "Croatia's fiscal outlook has deteriorated since Fitch's previous sovereign rating review in November 2012. The agency has revised up its forecast for this year's general government deficit to 4.7% in 2013 from 3.9%, while general government debt/GDP is now expected to peak at 66% of GDP in 2016, up from our previous forecast of 62%." Croatian real GDP growth has significantly underperformed 'BBB' and 'BB' medians: "The economy has been mired in recession since 2009, contracting by a cumulative 11%, and unemployment far exceeds rating peers. Q213 national accounts suggest that the rate of contraction is declining, but Fitch now expects the economy to contract by a further 0.9% in 2013, in contrast to our previous expectation of growth of 0.3%." On the Malta decision, "there has been significant fiscal slippage," says Fitch. "Malta's general government deficit was 3.3% of GDP in 2012, well above both the government's target (2.2%) and Fitch's September 2012 forecast (2.6% of GDP). This slippage has carried over to 2013, when Fitch forecasts a deficit of 3.6% of GDP, compared with 2.7% in the original 2013 budget." "Public debt dynamics are worsening," continues Fitch. The agency "now forecasts that general government gross debt (GGGD) will peak at 74% of GDP in 2014-15 (two years later than we previously expected) and decline only marginally in the medium term, remaining above 73pp of GDP by 2020. A debt ratio that is higher for longer reduces the fiscal space to absorb future adverse shocks." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 20,2013 OctaFX.Com News Updates

AUD/USD sliding below pivot; just a consolidation above 94.00? FXstreet.com (London) - AUD/USD has lost its form in the dollars consolidation of losses and finds lows below the 94.00 handle. AUDUSD has printed a low of 0.9377 and has lost all of its gains in the same week as we come to a close for this week’s session. The pair has been subdued by EUR/AUD demand in European markets as the cross inched higher and markets are also looking towards shorting AUD/NZD as a favoured play which is weighing on the Aussie as well. The pair needs to hold onto the 94.00 handle if it is still to become a convincing long play. Otherwise, caution would set in on failures around here as the market keeps a close eye on data that would be influencing plans on timings for US tapering. AUD/USD Levels The 20 DMA is .9188, the 50 DMA is .9142 and the 200 DMA is .9864. RSI (14) reads 30.69. Supports are ascending from .9271 .9285 and .9330. Spot is currently .9396 while resistances are at .9439, .9503, .9530, .9574 and .9581. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 20,2013 OctaFX.Com News Updates

Gold driven back down on Bullard comments, "taper bounce" fades FXstreet.com (London) - Gold has continued its decline today, pushed lower by hints from St Louis Fed chairman and FOMC voting member James Bullard that a small tapering of the Fed’s monthly asset purchases might be possible in October. The gold price had seen some recovery earlier in the week, when the news that the Fed would not be going ahead of the much-anticipated tapering of its monthly asset purchases pushed up prices. Gold currently stands at USD1338.30/oz, with potential for further downside. The yellow metal has lost its shine in recent months as investors seek yield as global macro data strengthens and volatility abates. It had been driven to historic record highs in September 2011 as a combination of European uncertainty, US debt ceiling deadlock and Middle Eastern tensions combined to make the perfect storm for haven flows into the safety of gold. Though the threat of US debt ceiling bickering is once again o the horizon, increasing global confidence is going to make any upside support for gold very unlikely. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 20,2013 OctaFX.Com News Updates

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USD/JPY holding over key support FXstreet.com (London) - USD/JPY has taken out key resistance that now comes as support in 99.40 territory, with the pair currently sitting at 99.55 and looking comfortable. USD/JPY got a lift from better data from the US. The US reported initial jobless claims rose to 309K last week, beating expectations, while the current account deficit contracted to 98.89B in the Q2. USD/JPY Levels The 20 DMA is 98.97, the 50 DMA is 98.64 and the 200 DMA is 95.88. RSI (14) reads 72.00. Supports are ascending from 97.29, 97.45, 97.65, 97.76, 98.57, 98.79 and 99.12. Spot is 99.55. The pair eyes 100.00/60 for September highs. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 19,2013 OctaFX.Com News Updates