OctaFX_Farid

GBP/USD breaks below 1.56 ahead of US data FXStreet (Mumbai) - The bid tone on the USD strengthened, pushing the GBP/USD spot below 1.56 handle ahead of the weekly jobless claims data in the US. Offered below 1.5607 The pair was offered after the spot broke below 1.5607 (23.6% of Apr-June rally). The US weekly initial jobless claims for the week ended July 10 are expected to print at 285K; down from the previous week’s print at 297K. That would be 19th consecutive week of a below 300K print. Moreover, the spot could have also been dragged below 1.56 after the EUR/USD settled below 1.09 handle. Apart from the weekly claims, the spot could also be influenced by regional manufacturing index and Fed’s Yellen testimony. GBP/USD Technical Levels The spot currently trades around 1.5590. The immediate support is seen at 1.5576 (previous session’s low), under which the spot could target 1.5550 (50% Fib of June rally). On the other hand, resistance is seen at 1.5607 (23.6% fib R of Apr-June rally) and 1.5638 (38.2% Fib R of June rally). July 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Our quick learners of Round 40 OctaFX Champion Demo contest share their success stories! Success stories of our Round 40 OctaFX Champion Demo contest have arrived. We are glad to share the interviews with the winner who proved to be the best in the round. Our OctaFX champions imparted their experience of our prominent contest. We believe that some thoughts and insights of Round 40 participants can be really helpful and sometimes surprising. While some traders need 2-3 years to master their trading skills, our 1st place winner claims that 7 months can be more than enough to outperform even mature traders. Read the stories to learn more about the winners and their strategies. Greet Round 40 champions: 1st place with the award of 500 USD goes to Mr. Eko Setyowitanto from Indonesia 2nd place with the award of 300 USD goes to Mr. Sa' adduddin from Indonesia 3rd place with the award of 100 USD goes to Mr. Dedi Syarif Mawardi from Indonesia The last runner in the contest, Mr. Dimas Hikmawan from Indonesia is granted 100 USD We would like to thank the traders for sharing their success stories, as well as all traders who have participated in the competition. Join our next round registration for the contest and become a champion! Next round is open for all participants! Be the Champion with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

Yellen says the longer Fed waits, the faster it will have to hike rates FXStreet (Córdoba) - If Fed delays a rise in rates, it could mean that the bank would have to increase less gradually, said Fed Chair Janet Yellen at the semiannual testimony before the Congress. Yellen said that the timing remains “data-dependent” and every time the FOMC gathers it is a live meeting. July 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Last one for the BoC? – ING FXStreet (Edinburgh) - Analyst at ING Bank James Knightley has reviewed the recent decision by the BoC to cut its refi rate to 0.5%. Key Quotes “The Bank of Canada has cut its overnight lending rate target to 0.5% from 0.75%. The market was split on whether or not the BoC would move, but the surprise January 21st rate cut had given us a warning that they tend to be one of the more active central banks”. “The weaker than expected US and China activity story was cited as a factor behind their decision, which also saw them revise down their 2015 Canadian GDP growth forecast to 1.1% from the 1.9% figure they were expecting in April. The market for Canadian commodities has also deteriorated, which is hurting earnings, investment and jobs – remember that Canada is the World’s fifth largest producer of both oil and gas. The weaker growth story means that excess capacity in the economy will dampen inflation pressures, thereby offering the BoC the room to offer more stimulus to the economy”. “Outside of the energy sector the BoC admit the situation isn’t as bad with a strengthening jobs market supporting confidence and loose financial conditions also helping the growth outlook for the second half of the year. Moreover, they expect the economy to grow 2.5% in 2016 with inflation gradually returning to target. Consequently, we don’t expect any additional policy stimulus from the BoC with the positive US Fed rates outlook set to push USD/CAD higher and help to make the Canadian economy more competitive on the international stage while also adding a little upside impetus to inflation”. July 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canada BoC Interest Rate Decision below forecasts (0.75%): Actual (0.5%) (78.4%) FXStreet.com (Barcelona) For more information, read our latest forex news. July 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canada BoC Interest Rate Decision below forecasts (0.75%): Actual (0.5%) (78.4%) FXStreet.com (Barcelona) For more information, read our latest forex news. July 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Majority of Syriza members call for no vote – Livesquawk FXStreet (Mumbai) - Livesquawk is carrying social media reports stating that 107 out of 201 Syriza members call for no in Greek parliament vote scheduled later today. The 107 members have published a declaration condemning Greek PM Tsipras. Meanwhile, Germany’s Jaeger was on the wires stating that Germany cannot accept a significant cut in Greek debt, but extending debt maturities is an option on the table. He further added that the value of debt must not be reduced too much otherwise it would be a haircut via the back door. July 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CHF hints at dip buying FXStreet (Barcelona) - The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bullish USD/CHF profile. If USD/CHF spot falls closer to the level where the moving averages crossed, then buyers might see it as an opportunity to reenter. Furthermore, a convincing break through the 50 SMA signals a neutral tone, shifting negative below the 200 SMA. July 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX cTrader for Apple released! OctaFX is ready to present one more improvement for cTrader users! We are now supporting cTrader for Apple devices! Good news for every cTrader user in OctaFX community! You can now trade 48 currency pairs using cTrader for iOS! The application can be downloaded free of charge and is compatible with iPhone, iPad and iPod touch. Our app is also optimized for iPhone 5, iPhone 6 and iPhone 6 Plus. cTrader gives you the very best in FX trading as a native app. Enjoy fast execution for FX and commodities and easy-to-use interface with full balance, margin and P&L information. View all symbols and rates, including your favorites list. You’ll get the same core functionality as cTrader Web for Mobiles, with faster launch times and the same easy-to-use interface. Click here to dowload cTrader for iOS: Having any questions? Contact our award-winning Customer Support with all your queries. Experience our best trading conditions trading on cTrader for iOS! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

OctaFX.com - Winners of Round 21 cTrader Weekly demo contest announced! We are pleased to announce five winners who outperformed others and achieved good trading results in our cTrader Weekly demo contest. The best traders of Round 21 are awarded with the prize from our fund and proudly listed among the winners from previous rounds. While we congratulate five lucky winners, we encourage all traders to register for the next round that will take place just in a few days! We thank all traders for participating in our cTrader Weekly demo contest, and we hope that you have enjoyed it. Make your learning process smooth, and entertaining by joining the next round of cTrader Weekly demo contest that will start just in several days. Trade actively, learn fast and get your real prize. cTrader Weekly demo contest is devised specifically for this purpose! Explore safe trading with OctaFX and be prepared for a real challenge! Stand out for outstanding with 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!

Expect further easing from the RBNZ – Goldman Sachs FXStreet (Edinburgh) - In the view of analysts at Goldman Sachs, the Kiwi dollar could slide to the 0.62 region in a year’s time following rate cuts by the RBNZ. Key Quotes “Finally, in New Zealand, our NZ economists are forecasting a further three cuts from the RBNZ following their June cut, as domestic demand disappoints the central bank’s forecasts against an already-weak inflation backdrop”. “Despite the large depreciation we have seen since May, we think NZD/$ will fall further to 0.62 in 12 months”. July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY challenges 123.50 FXStreet (Córdoba) - USD/JPY climbed to fresh 2-week highs on Monday propelled by the risk-on sentiment following Greek deal with creditors but stalled just shy of the 123.50 level and entered a consolidation phase over the last hours. USD/JPY climbed more than 100 pips since opening and hit its highest level since July 2 at 123.48 before finding resistance. The pair has spent the last hours consolidating within a narrow range in the absence of news or economic indicators. USD/JPY levels to watch In terms of technical levels, if USD/JPY breaks decisively above 123.50, next resistances are seen at 123.70 (Jul 2 high) and 124.00 (psychological level). On the flip side, supports could be found at 122.40 (50-day SMA), 122.26 (Jul 13 low) and 122.00 (psychological level). July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold drops on strong USD FXStreet (Mumbai) - Gold prices hit a session low of USD 1150.90/Oz in the early US session as the USD strengthened across the board on interest rate outlook post Greek deal. Gold takes a hit as Fed nears rate hike after Greek deal The metal fell into losses as the Greek deal pushed the US Fed one step closer to the much anticipated lift-off. The Fed minutes released last week showed policymakers were concerned about the situation in Greece. Furthermore, Fed chairwoman Yellen, in her speech on Friday, indirectly stated that lift-off would be data dependent as well as Greece dependent. Consequently, solution to Greece issue, pushed the USD higher across the board. The USD index now trades 0.77% higher at 96.70, due to which the yellow metal fell 0.60% to USD 1150.90/Oz. With positive action in risk assets, along with a strong USD, gold prices could remain under pressure till the NY closing. Gold Technical Levels The immediate support is seen at 1148, under which the metal could target 1140.00. On the other hand, a break above 1152.90 could see the metal re-test the daily high at 1163.80. July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD deflates to 1.5530 FXStreet (Edinburgh) - The sterling is now losing part of its initial shine, pushing GBP/USD to the 1.5530 area. GBP/USD upside limited near 1.5600 The pair managed to clinch session tops in the boundaries of 1.5600 the figure following the announcement of the EU-Greece deal in early trade, although the upside lacked follow through and is now losing momentum to the current 1.5530/20 band. It will be a very interesting week for the pound in the data space, as inflation figures are due tomorrow followed by labour market results on Wednesday. According to prior surveys, consumer prices area expected to print a flat reading during June, while the Claimant Count Changed is seen dropping by 8.8K during the same period. GBP/USD levels to consider As of writing the pair is advancing 0.15% at 1.5539 with the next hurdle at 1.5591 (high Jul.13) ahead of 1.5600 (psychological handle) and finally 1.5628 (high Jul.6). On the other hand, a break below 1.5494 (low Jul.13) would open the door to 1.5364 (low Jul.10) and then 1.5330 (low Jul.8). July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD drops to 0.7412 FXStreet (Mumbai) - The AUD/USD pair extended weakness in the early NY session to hit a fresh session low of 0.7412 as the Greek deal brought back interest rate divergence under the spotlight. USD strengthens after Greek deal The US dollar strengthened against most major currencies except the British Pound as the Greek deal pushed the US Fed one step closer to the much anticipated lift-off. The AUD/USD pair, thus, erased minor gains seen earlier today to hit a session low of 0.7412. The losses in the Aussie are somewhat capped due to the rise in the Shanghai composite index for the third consecutive day. AUD/USD Technical Levels The pair currently trades at 0.7415, with immediate support seen at 0.74, under which the spot could extend the drop to 0.7368 (July 8 low). On the flip side, a break above the immediate resistance at 0.75 could see the spot re-test 0.7595 (July 1 low). July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Iran-West deal in the limelight – BBH FXStreet (Edinburgh) - The research team at BBH expects Iran and the Western powers to strike a deal in the upcoming days. Key Quotes “Besides the numerous Greek deadlines that have come and gone in recent weeks, we note that the deadline for an agreement with Iran has also been adjusted”. “There is some speculation that an agreement could be struck over the next 48-72 hours”. “The anticipated Iranian oil that would hit the global market (millions of barrels are thought to be in floating storage) is one of the factors weighing on oil prices”. “The US rig count increased last week, for only the second time since December”. “US output remains near record highs, and OPEC appears to have increased its production further above its quota”. July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD off highs, near 1.2700 FXStreet (Edinburgh) - After climbing to session tops in the mid-1.2700s, USD/CAD is now returning to the 1.2700 neighbourhood. USD/CAD stronger after Greek deal The pair has gathered further steam following news that the EU institutions and Greece have finally come to an agreement early in the European morning. Despite there is still a long way to go, both parties have initially agreed in the most conflicting issues, paving the way for a potential third-bailout in the medium term. Absent publications in the US and Canada, next event risk will be tomorrow’s US Retail Sales and the BoC monetary policy meeting due on Wednesday. USD/CAD key levels At the moment the pair is up 0.46% at 1.2715 with the next hurdle at 1.2747 (high Jul.13) ahead of 1.2779 (high Jul.7) and then 1.2784 (high Mar.31). On the downside, a break below 1.2680 (low Jul.13) would aim for 1.2662 (low Jul.10) and finally1.2537 (low Jul.3). July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold keeps red around $ 1155 on stronger USD, Greek deal FXStreet (Mumbai) - Gold prices on Comex extends losses from the previous session and remains pressured in the European trading as news that Greece and its creditors reached a deal over a third bailout package for the cash-strapped country dented gold’s appeal as a safe-haven. Gold falls on Greek agreement Currently, gold trades -0.26% lower at 1154.90, having posted day’s high at 1163.80 and day’s low at 1152.90. The yellow metal was sold-off on Monday as a deal on Greece hit safe-have demand for the precious metal, with the rising greenback also weighing on the price. Euro zone leaders finally agreed on Monday that Greece should receive a third package of financial aid, denting demand for gold that always increases its price in times of political and economic uncertainty. Moreover, the US currency keeps breaking higher also backed by the latest comments of Fed Chair Janet Yellen that the central bank is on course to raise interest rates this year. Later today, markets continue to monitor Greece headlines ahead of ECB’s ELA decision for Greek banks amid a relatively calm economic calendar. Gold Technical Levels The metal has an immediate resistance at 1165 and 1170 levels. Meanwhile, support stands at 1150 below which doors could open for 1146.20 levels. July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CHF could slip towards the 0.9200 handle – Commerzbank FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the chance that the pair could test the 0.9200 area. Key Quotes “USD/CHF upside was thwarted last week by the the 200 day ma and the May high at .9525/43”. “The fall back from here suggests that upside efforts have temporarily exhausted themselves to leave the market back in the middle of the .9072 - .9543 band where we have been for 2 long months”. “It does suggest that there will be some weakness near term. Intraday Elliott wave counts have become more neutral to mildly negative and we would allow for slippage to the .9201 2 month support line”. July 13,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com - OctaFX shooting challenge for Southampton FC raised £3000! Following-up the signing of new partnership with Southampton FC, OctaFX challenged three prominent Southampton players, namely: Jay Rodriguez, Kelvin Davis and Sam Gallagher to show their goal-scoring skills. All the funds raised are transferred to Saints Foundation, a charitable organization aligned to SHFC. Click Here We’re always happy to support a good cause. Enjoy the video and follow Southampton Sponsorship page to know all the recent news on our partnership. OctaFX – Potential into excellence on a trading level! Stand out for outstanding with 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!

OctaFX.com - OctaFX shooting challenge for Southampton FC raised £3000! Following-up the signing of new partnership with Southampton FC, OctaFX challenged three prominent Southampton players, namely: Jay Rodriguez, Kelvin Davis and Sam Gallagher to show their goal-scoring skills. All the funds raised are transferred to Saints Foundation, a charitable organization aligned to SHFC. Click Here We’re always happy to support a good cause. Enjoy the video and follow Southampton Sponsorship page to know all the recent news on our partnership. OctaFX – Potential into excellence on a trading level! Stand out for outstanding with 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!

EUR/NOK extending scope of projections FXStreet (Barcelona) - EUR/NOK has just crossed below the 200 SMA on an hourly chart. For traders inclined to nibble on short trades, the cooling EUR/NOK price now eyes the 800 SMA, which corresponds to the reading of the 200 SMA on 4H charts. The last such price-indicator cross has occurred at least over a week ago on this time frame, accentuating its significance. July 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Morgan Stanley: Greece deal or not, EUR is going down – eFXnews FXStreet (Barcelona) - Morgan Stanley sticks to their bearish view on the EUR, explaining the possible price action in the single currency from a Greece deal or a Grexit scenario, as noted by eFXnews. Key Quotes “Should Greece sign a deal, a short-term EUR rebound should be followed by EUR weakness as investors are likely to move back into EUR-funded carry positions," "Should Greece exit, the ECB may have to use its tool kit to keep sovereign spreads under control. Monetary easing should put the EUR under selling pressure. Ultimately, the ECB should be successful in controlling spreads, we believe," "A Grexit represents a fundamental shift for EMU with the loss of ‘irrevocability’ potentially turning the union into a club of fixed exchanges rates with the possibility to leave. Peripheral assets will have to trade at a risk premium, unless EMU authorities deepen integration via further banking union and fiscal integration steps. The ECB controlling sovereign spreads successfully could turn into a long-term EUR negative factor as it may not provide the necessary ‘wake-up call’ to European politicians to make the necessary reforms to avoid future market tension” This content has been provided under specific arrangement with eFXnews. July 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

India Bank Loan Growth fell from previous 9.8% to 9.3% FXStreet.com (Barcelona) For more information, read our latest Forex news. July 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com - OctaFX is delighted to support Southampton FC competing in English Premier League! We are delighted to announce the official partnership with Southampton FC – promising and talented EPL Football Club. OctaFX is proud to support Southampton FC, nicknamed “The Saints”, and the sport our clients have passion for. Follow our sponsorship page and social media to learn the latest news of partnership activation and stay tuned to enter our Southampton Club promotions first! OctaFX – Potential into excellence on a trading level! Stand out for outstanding with 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!