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OctaFX.Com - MASSIVE Spread Reduction at OctaFX! This is a revolution in lowering the spreads that happened in OctaFX! We have reduced major currency spreads! Now you can enjoy trading with as low as 0.2 pip spreads. They’ve never been that tight. 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/USD pares losses after weak US data FXstreet.com (New York) - The EUR/USD finally received the impetus it needed to stage some prolonged manner of recovery Friday, edging higher after the release of US data. In the United States, the Reuters/Michigan Consumer Sentiment Index (June) came in at 82.7, missing expectations of 84.5. EUR/USD bounces off support Briefing the technicals, the pair is operating off of its opening at -0.32% in at the time of writing at the 1.3332 handle. According to the Mataf.net analyst team, the EUR/USD will look towards supports at 1.3299 followed by 1.3233, and finally 1.3187. Alternatively, a movement to the upside and paring of losses will usher in resistances at 1.3411, then 1.3457, and eventually 1.3523. EUR/USD affected by overbought indicators “The EUR/USD dropped below 1.3345, which was affected by overbought pressure on momentum indicators. Moreover, linear regression indicators are still positive and the pair is stable above 1.3270. Therefore, we hold on to our positive expectations for today.” notes the Technical Analyst Team at ICN.com. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 14, 2013 OctaFX.Com News Updates

US Sells 13 billion of 30-Year Bonds at 3.355% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 13, 2013 OctaFX.Com News Updates

AUD/USD holds above 0.9600 level FXstreet.com (New York) - The AUD/USD exchange rate is presently operating within close proximity to its intraday highs Thursday (0.9624) during US trading. AUD/USD stabilizes above 0.9600 level Although the pair has eased slightly to 0.9614 in these moments, the AUD/USD still is securing a robust gain of +1.36% today. Following an earlier break above resistance at 0.9555, the Mataf.net analyst team postulates the next short-term resistances at 0.9634 onto 0.9703. Alternatively, supports will be faced should the pair drop to the depths of 0.9407, ahead of 0.9338, and 0.9259. AUD/USD self-sustaining upside? According to the Technical Analyst Team at ICN.com, “The AUD/USD pair surged and resided above 0.9535 – zones we believe are positive and capable of pushing the pair higher throughout Thursday's trading session.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 13, 2013 OctaFX.Com News Updates

Flash: AU vols lower - Nomura FXstreet.com (London) - Saeed Amen strategist at Nomura notes that Gold has been relatively stable in recent weeks, compared with other markets, which have seen large unwinds triggered by increased expectations of Fed tapering following Chairman Bernanke‟s testimony in May. Indeed, he say’s, gold implied vols are well off their April highs, contrasting with the rise in implied elsewhere. One explanation he mentions is that gold’s large April fall might have already gone someway to pricing in the start of the end of QE price of gold. Indeed, spec positioning is extremely low in gold, which has made it less vulnerable to the position squaring that has afflicted many markets. He points out that Gold has been in somewhat of a flux, with a continuation of gold ETF liquidation (albeit at a slower rate), while Asian demand has supported the downside. While his teams prefer upside, especially because of the lack of spec positioning, they think that to have a decent move higher, gold ETF liquidation will need to turn OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 13, 2013 OctaFX.Com News Updates

OctaFX.com-OctaFX offering Customer Support in Mandarin Chinese!! Dear customers! OctaFX is now entering the global market offering truly multilingual Best Customer Support in Asia. We are proud to announce that we have introduced Customer Support in Chinese. Due to the huge demand from China, it is indeed crucial to be able to communicate to our customers in their own language. Now we are proud to welcome our clients from China. For any help and inquiries, please refer to our Customer Support team here: http://www.octafx.com/contact-us/ OctaFX is indeed a client-oriented company. This said, we are working hard to further improve our services. Stability, perfection and close attention to detail is what makes OctaFX different from our competitors. Our highly educated and well-trained Customer Care Department works 24/5 to answer your inquiries and help you. We are always open to suggestions and feedback. 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 offering Customer Support in Mandarin Chinese!! Dear customers! OctaFX is now entering the global market offering truly multilingual Best Customer Support in Asia. We are proud to announce that we have introduced Customer Support in Chinese. Due to the huge demand from China, it is indeed crucial to be able to communicate to our customers in their own language. Now we are proud to welcome our clients from China. For any help and inquiries, please refer to our Customer Support team here: http://www.octafx.com/contact-us/ OctaFX is indeed a client-oriented company. This said, we are working hard to further improve our services. Stability, perfection and close attention to detail is what makes OctaFX different from our competitors. Our highly educated and well-trained Customer Care Department works 24/5 to answer your inquiries and help you. We are always open to suggestions and feedback. 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!

Flash: EUR/USD rise may falter in the 1.3300 region – ANZ FXstreet.com (New York) - Much has been made of a Head and Shoulders pattern occurring in the EUR/USD, however this has mostly been conjecture. According to Tim Riddell, Head of Global Markets Research at ANZ, “The current push above 1.3250 may raise concern over an extension towards 1.3475-1.3500, however the overall pattern remains the same. A broad range is being defined with the bias being that the squeeze may falter in the 1.3300’s.” An extension should merely define a 1.25-1.35 range. Moreover, dips below 1.3115 would signal that the range has been defined. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 12, 2013 OctaFX.Com News Updates

Flash: Toshin momentum is slowing for now - Nomura FXstreet.com (Barcelona) - Nomura Strategist Yujiro Goto notes that Japanese retail investors had purchased foreign securities via toshins for three months in a row until May, but momentum is likely to be slowing slightly now. He expects toshin momentum to remain strong this year thanks to better economic conditions in Japan, but recent market volatility is likely to slow the momentum for now. He writes, “To gauge the momentum going forward, the many new toshin launches investing in Japanese equities in foreign currencies and foreign equities later this month are worth monitoring.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 12, 2013 OctaFX.Com News Updates

Flash: Expect a larger Japanese trade deficit in May - Nomura FXstreet.com (Barcelona) - Nomura economists are estimating a larger trade deficit in May, with the first rise in real exports for two months. They write, “We have estimated May imports and exports, which are scheduled for release on 19 June, using the trade statistics for 1–20 May published by the MOF on 7 June and the corporate goods price index published by the BOJ on 12 June. We estimate a nominal trade deficit of ¥1,232.7bn.” On a seasonally adjusted basis, they estimate a deficit of ¥963.5bn, larger than the deficit of ¥764.4bn in April. Further, they estimate a 1.1% m-m increase in real exports, the first rise for two months. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 12, 2013 OctaFX.Com News Updates

OctaFX .com-OctaFX Champion Demo Contest winners announced! Dear traders! Today we congratulate the winners of the 14th round OctaFX Champion Demo Contest. It was a special round! As you know, OctaFX cancelled the unlucky numbers! We skipped the round 13 and went straight to the 14th round. Perhaps that made a contribution to our winners’ performance. What is the key factor of your success? Why are you better than everyone else? Didi Purwoko, 1st prize: Patience and discipline. I always wait until the market reaches its daily maximum volume (usually after the price is the highest) and take my opportunity to enter the market. Arif Hossain, 2nd prize: Patience is the key of my success. I just followed the trend and placed my trades accordingly. And I suggest all Bangladeshi traders to trade with patience. Ammar Alnumairi, 3rd prize: The key of my success is hard work. I learn from my mistakes and the mistakes of others. Cut Aminah, last place: Discipline. I believe in myself more than in anyone else. Which is better, EA or manual trading? Didi Purwoko, 1st prize: Manual trading. You need to work on patience and discipline. Ammar Alnumairi, 3rd prize: I prefer EAs to manual trading. Cut Aminah, last place: Manual trading is more profitable for me. I have my own trading strategies. I think that EAs are only useful for those who don’t have much experience. What trading tools are most preferred by you? Majors or exotic, and why? Didi Purwoko, 1st prize: Majors. Analysis is easier to do. Arif Hossain, 2nd prize: Majors, because they quite easy to predict. Ammar Alnumairi, 3rd prize: I prefer majors, because I can get a good profit in a short time. How long does it take to become a good trader? Didi Purwoko, 1st prize: It took me half a year to develop my trading style. Arif Hossain, 2nd prize: I think it take minimum 4 years to become proficient enough. Every day I learn something new about forex trading and I learn from my mistakes. Ammar Alnumairi, 3rd prize: It takes about six months. Cut Aminah, last place: 7-10 years 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! We thank our winners for sharing their experience! We would like to remind you that the 15th round of OctaFX Champion contest is in progress. Round 16 starts on the 1st of July, don’t miss a chance to register! Participate and win your share of the prize pool! Wishing you luck and profitable trading, yours truly, OctaFX!

Flash: QE, the weak relationship between money growth and activity – Merrill Lynch BoA FXstreet.com (London) - Michael S. Hanson, US economist for Merrill Lynch and BoA said the effectiveness of QE cannot be determined by the size of the Fed’s balance sheet or the growth rate of money. He continued to say that the fact that the fastest growing sectors in the US during the current recovery have tended to be those that are most interest sensitive, including housing, autos, consumer durables and capex, suggests that QE has likely had some positive impact on the pace of growth. He added that two other implications follow from the collapse in the money multipliers and the weak relationship between money growth and activity. First, he said, the Fed’s actions are not likely to lead to an increase in inflation unless inflation expectations become unanchored. And he explains, to date, if anything, inflation expectations have been edging lower, not trending higher despite QE1, 2 and now 3; Partly that reflects the deep recession and slow recovery that have kept inflationary pressures in check. But he suggests it also likely reflects the recognition that the Fed’s current balance sheet expansion ultimately will be temporary, although it may take some time to unwind. “Monetary theory tells us that it takes a permanent jump in the supply of money to get a permanent jump in the price level (with inflation in the interim adjustment), and a persistent, steady increase in the pace of money growth to get a persistent, steady increase in the inflation rate. The Fed’s exit strategy states that neither of these are planned, which appears to be credible to the markets so far given that inflation expectations have remained fairly stable”. Second, as he explains, as the economy expands, the transaction demand for money should gradually return. “In other words, the traditional relationship between money growth and either real or nominal output appears to be one of reverse causation”. He explains that although the direction of causality has been and likely will be debated for some time, in post-Volcker US data the correlation is highest between lagged income and future money growth. “So, while the current slow pace of money growth and collapsed money multipliers may not signal fundamental weakness in the recovery, they likely will rebound as the economy improves, with, perhaps, a long and variable lag”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 11, 2013 OctaFX.Com News Updates

Higher yielding currencies at threat – TD Securities FXstreet.com (London) - Research teams at TD Securities have suggested the higher yielding currencies that have benefited from QE in recent year are most at threat from less accommodation. AUD and NZD in negative focus They say this includes EM currencies in particular, and the AUD and NZD among the majors (AUD reaching fresh lows since September 2010, and the NZD at the lowest level since last summer). Furthermore, they say the soft data from Australia overnight did not help, but the real issue is the USD right now. The RBNZ on Thursday is not expected to help tame the NZD’s selloff either. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 11, 2013 OctaFX.Com News Updates

US: Redbook Index fell 0.5% MoM FXstreet.com (Barcelona) - The Redbook index contracted 0.5% on a monthly basis and rose 2.8% over the last twelve months in the week ended on June 2, against previous prints at 0.6% and 2.9%, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 11, 2013 OctaFX.Com News Updates

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EUR/USD keeps pushing higher, around 1.3270 FXstreet.com (Barcelona) - The EUR/USD accelerates its upside on Monday, posting once again session highs in the area of 1.3265/70. Richard Kelly, FX Researcher at TD Securities, suggested, “Eurozone focus will likely revolve around the German Constitutional Court hearing the OMT case on Tuesday and Wednesday. The bias is likely somewhat negative for European sentiment as Eurosceptic once again hit the airwaves, Asmussen testifies against Weidmann, and stories have already circulated (though already denied) that the ECB could impose a limit on OMT purchases”. EUR/USD is now advancing 0.47% at 1.3255 and a breakout of 1.3306 (high Jun.6) would open the door to 1.3319 (high Feb.25) and finally 1.3341 (61.8% of Feb.-Apr. slide). On a downside, support levels arise at 1.3103 (MA100d) followed by 1.3075 (low Jun.6) ahead of 1.3053 (low Jun.5). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 10, 2013 OctaFX.Com News Updates

Flash: USD/CAD ascension pauses – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions. In terms of the AUD/USD, “As there is an important support at 0.9388, the immediate risk appears to be for a short-term recovery to unwind these downside conditions. Resistance is at 0.9546 ahead of 0.9674, suggesting a bearish outlook.” In addition, in looking at the USD/CAD, the recent sharp sell-off tested support at 1.0169, a closing break below this would be negative, triggering a deeper sell-off to 1.0120 and then 1.0027 – resistance is at 1.0288. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 10, 2013 OctaFX.Com News Updates

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USD/MXN rebounds from 12.7000 FXstreet.com (Barcelona) - The Mexican peso is sharply appreciating against its northern neighbour on Friday, dragging the USD/MXN to session lows around 12.7000 after the Banxico left the refi rate unchanged. Stronger MXN on Banxico, CPI The Mexican central bank kept the lending benchmark intact at 4.0%, broadly in line with market expectations and somehow neutralizing the effects of better Payrolls in the US economy during May. Further data in the Aztec economy showed that consumer prices expanded at an annual rate of 4.65%, marginally higher than the 4.63% previous. As of writing, the pair is down 0.45% at 12.7463. Short-term key levels A breach of 12.6867 (MA200d) would bring 12.6101 (low May 30) and finally 12.4622 (MA21w). On the flip side, resistance levels align at 12.9016 (high Feb.260 followed by 12.9370 (high Jun.6) and then 12.9454 (high May 31). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 7, 2013 OctaFX.Com News Updates

Flash: ECB less dovish – TD Securities FXstreet.com (London) - Research teams at TD Securities explain that for the EUR, Draghi’s comments at yesterday’s ECB meeting may have been mildly less dovish than the market was anticipating, but that clearly didn't justify the huge move higher in EURUSD. They suggested that within Europe it is worth noting the particularly strong German industrial production numbers this morning which set up Germany for quite a robust GDP figure in the second quarter and this continues to contrast activity in most of the Eurozone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 7, 2013 OctaFX.Com News Updates

Commodities Brief: NFP’s see dollar strength and metals offered FXstreet.com (London) - The commodities, specifically precious metals, are offered and reacting to the dollar Brent Crude The Brent has been bid since the decline of the dollar and indeed was stabilised ahead of what printed as a relatively benign NFP’s differential between expectations and actual readings. The commodity traded above $104.00 this morning GMT. With the release of the numbers, 175k against expectations of 170k, the price in Brent has maintained a support line of above $104 and is likely to be reactive and attractive to investors and speculators driving prices higher in the back drop of a weaker dollar. For the time being the dollar has remained within relatively tight ranges since the numbers. Metals offered The precious metals have shed some of its gains correlated to the price actin in the currency markets and the dollar. The dollar has grasped onto territory as the ef="">NFP’s offered a better print than which was expect by traders today. The numbers were slightly better, but good enough to see the dollar strengthen across the board, albeit only marginally in comparison to yesterdays slide. Gold is trading much lower though to the $1,387, near enough pairing the gains made yesterday after the dollar onslaught. Silver is trading 22.45 and below the support line for the year at lowest levels since 2010. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 7, 2013 OctaFX.Com News Updates

OctaFX Champion Demo Contest Current Update of OctaFXChampion Demo Contest! currently our top contestant bayi_imoet from Indonesia has piled up with Equity $53 944.08. So, let see who will grab the opportunity and be the winner. Contest rules and regulations Start Now! 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!

Flash: Poor Trade data keeps pressure on AUD - Societe Generale FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that Thursday started with poor trade data in Australia that have simply continued the AUD's downward trend. The RBA policy statement was a green light for AUD bears and they are using it to keep right on going. He writes, “The move has only just begun and remains the best way of positioning for softer Chinese growth, continued re-balancing in the Chinese economy and for the risk of capital flows and yuan depreciation if the Fed does start tapering and drives US yields much higher by year end (see this morning's economics piece).” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 6, 2013 OctaFX.Com News Updates

USD/CAD recovers the level of 1.0324/30 FXstreet.com (Barcelona) - The USD/CAD exchange rate recovered the mark of 1.0324/30 after the release of US data Thursday. In the United States, Initial Jobless Claims (June 1) came in at 346K, against expectations of 345K. In addition, Continuing Jobless Claims (May 25) yielded a figure of 2.952M, relative to estimates calling for 2.975M. After the recent recovery, the USD/CAD is still trading negatively at -0.15%. According to Gareth Berry, a Research Analyst at UBS, “Resistance for the USD/CAD pair is at 1.0388, a break above which would open the way to 1.0451 and then 1.0524 – support is at 1.0328 ahead of 1.0262, indicating a bullish intraday bias.” “Based on the charts, the USD/CAD’s slide below short-term support just under 1.0300 at the start of the week has yielded naught, so far. Instead, the quick snap higher again through mid-week makes the downside move look like a false break and the bigger picture look still relatively constructive. We think 1.0295/1.03 is firm short-term support now. Short-term price signals suggest the intraday low may be in already. We look for gains to 1.0375/85.” recommends the TD Securities Team. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 6, 2013 OctaFX.Com News Updates