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OctaFX.Com -Happy Weekend from OctaFx team! OCTAFX is a top-notch service level forex broker. OctaFX provides forex trading services to clients all around the globe with Metatrader 4 trading software. Open your real account today and start your profitable requote-free trading in 5 minutes! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
American equity markets in the green Friday following G20 The US Stock market experienced a slightly positive opening Friday, as investors digest the statement of the G20, which has sent the yen plummeting. In the United States, Net Long-term TIC Flows (December) were reported at $64.2B, relative to $54.2B in the previous month. Moreover, Industrial Production (MoM) has contracted -0.1% in January, against expectations for a +0.2% growth. Finally, the Reuters/Michigan Consumer Sentiment Index (February) came in at 76.3, vs. projections of 74.8. Beginning with the indices and composites, the NASDAQ rose +0.09% as it settles in region of 3202.20, up +2.76 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1522.88, ascending -1.52 points or +0.13% at the time of writing. Finally, the Dow Jones has moved higher at the opening as well, trading in the zone of 13981.15, presently +0.06% after a movement of +7.76 points. Sectors are all in the green at the opening, however the Energy and Basic Materials sectors have distinguished themselves as the lone losers thus far, falling -0.43% and -0.23% respectively. In other news, the price of crude has settled above USD $94.45 Friday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 15, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex: USD/CAD rallies after US and Canada data From 1.0025 area, that was serving as resistance during the European morning, the USD/CAD broke through and rallied to as high as 1.0067 on Canada and US data releases. Canada manufacturing shipments fell -3.1% in December, a wider drop than the -0.8% expected. US NY empire state manufacturing came in at 10.08 in February, surprising analysts that were only expecting an improvement from -7.78 to -2.00. Although capacity utilization in the US improved from 78.8% (revised from 79.3%) to 79.1% in January, beating 78.9% consensus, industrial production fell -0.1%, instead of rising 0.2% as expected. Last month's data was revised lower, from 0.4% to 0.3%. MIG Bank analysts expect the USD/CAD to edge lower as it has failed to break its resistance at 1.0100. "The inability to break the resistance area between 1.0057 and 1.0100 could be the start of a medium-term bearish reversal pattern", wrote analyst Bijoy Kar, pointing to an hourly resistance at 1.0044 (13/02/2013 high), while supports can be found at 1.0000 (14/02/2013 low) and 0.9933 (07/02/2013 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 15, 2013 OctaFX.Com News Updates -
OctaFX.Com - Privacy Policy! OctaFx - Privacy Policy Privacy Policy OctaFX sets the highest standards in respect to our clients, partners or any other counterparties' privacy. Under no circumstances, unless under court decision or legal request, can the data be disclosed. Protection All the client data are protected by an SSL-encrypted connection to our Personal Area at http://www.octafx.com. It is highly unlikely that this encryption becomes disclosed to any third party. Personal Information When you open a real account, certain personal information is required. This information allows us to estimate your financial needs, process your requests and transactions, and keep you informed about our upcoming products and services. Required information may include: full name, address and birth date. In a number of cases we might require your identity confirmation, as set forth in the Customer Agreement. This includes passport or drivers license, or any other ID and a residential address proof. Anti-Money Laundering ("AML") regulations requires financial institutions to collect information and take action where necessary, in order to verify a customer's identity. Cookies We use a technology called "cookies", which enables us to provide you with a better experience in using our website by sending small text files from our servers to your computer. These cookies do not track your private information. Affiliates We may share some or all of the personal information described above with our affiliates in order to service client accounts or inform clients of new products and services. Our affiliates may include companies controlled or owned by us, as well as companies which have an ownership interest in our company. Our affiliates maintain the privacy of your information in the same manner and to the same extent as we do, and in accordance with this privacy policy. Third Parties We do not disclose your personal information to third parties, unless described in this privacy policy. Third party disclosures may include sharing such information with non-affiliated companies that perform support services for your account. Regulators Your personal information disclosure might be necessary in order to comply with applicable laws and regulations. This may include disclosing personal information in order to cooperate with regulatory authorities and law enforcement agencies, as may be necessary to protect our property or rights. Payment Information We do not keep nor store, in any form, customer payment information. Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex Flash: Europe trend growth below "Great Moderation" – Merrill Lynch After running several scenarios (one hypotheses on the speed at which investment recovers and whether it can reach pre-crisis levels; and another taking into account the impact of higher unemployment (and the capacity to reduce it), demographics and the quality of education) and looking at the fundamentals behind an economy’s capacity to grow (investment in physical and human capital, and the ability to innovate and embed innovation into business) and capacity to innovate, the overall result is that the capacity to grow (trend growth) remains below that observed during the “Great Moderation” (1995-07), according to BofA Merrill Lynch analysts. "Having said that, assuming European productivity converges with that of the US, we expect healthy trend growth after 2015", they wrote, pointing to elevated deflation risks, due to steep loss in cyclical production. "Consequently, in our exercise, we assume the negative output gap that opened up in 2008 remains large throughout the crisis period and closes only by end-2014 - an assumption in line with most international organizations’ projections", they continued, expecting inflation to decelerate to end-2014. In case inflation decelerates faster, ECB would likely "need to cut rates further and possibly experiment with more unconventional policies". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 15, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex: GBP/USD trading at 1.5487/88 after failed recovery attempt A recent recovery attempt at the 1.5560 mark was stymied, driving the GBP/USD lower during the late morning of the European session Friday. With weak GBP data leaving a bitter taste in investors mouths, the pair breached support at 1.5500 again, and is now trading at 1.5487/88 at the time of writing, down -0.03%. Earlier today in the United Kingdom, Retail Sales (YoY) were reported at -0.6% In January, against estimates calling for +0.8%. Moreover, Retail Sales (MoM) came in at -0.6% in January, missing expectations of +0.4%. Finally Retail Sales ex-fuel (YoY) grew only +0.2%, against projections of +1.4%. Briefing the technicals, after a movement below calculated support at 1.5500, the ICN.com analyst team points to additional supports at 1.5455 and finally 1.5415. On the positive side, a break above 1.5525 will trigger resistances at 1.5580 and 1.5610. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 15, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
EMU: Trade surplus unchanged at €12B in December Eurozone Trade surplus s.a. remained unchanged at €12 billion in December, according to data released today by Eurostat. Eurozone trade surplus n.s.a. narrowed to €11.7B in December, from €13.0 billion in November and against expectations of widening slightly to €13.1 billion. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 15, 2013 OctaFX.Com News Updates -
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex Flash: Credit, CAD, and AUD are all showing signs of valuation fatigue – Societe Generale Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that data wise, there is little on offer this afternoon. He comments that he will sit back and watch equities while waiting for the State of the Union address later this evening and he will be paying especial attention to how credit performs relative to the S&P Index. In particular he notes that Credit, AUD and CAD are all showing signs of valuation fatigue. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 12, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex: EUR/CHF retraces from highs, around 1.2330 The Swiss franc is trimming earlier gains vs. the single currency on Tuesday, pushing the pair from the boundaries of 1.2280 to the current levels around 1.2330, challenging overnight tops above 1.2340 After a G7 statement regarding the so-called ‘currency war’, Trevor Greetham, Director of Asset Allocation at Fidelity Worldwide Investment, argued, “On one level, this is a slap on the wrist to Japanese ministers talking about specific levels but it allows them to carry on with policies aimed at creating domestic inflation. You could argue the clear FX manipulators out there are the Swiss with the SNB’s Jordan saying today that the Swiss franc’s 1.20 cap against the euro is still in place, the franc will weaken further and they stand ready to take further measures”. At the moment, the cross is posting marginal losses at 1.2332 or 0.02%. Next support levels line up at 1.2255 (lows Feb.8/11) ahead of 1.2200 (psychological level) and then 1.2187 (low Jan.14). On the upside, a break above 1.2356 (high Feb.12) would expose 1.2369 (high Feb.6) and then 1.2505 (high Feb.4). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 12, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex Flash: Energy dependence a reason to be a long term GBP/USD bear – Societe Generale Kit Juckes, Global Head of Currency Strategy at Societe Generale feels that the UK´s energy dependence situation is a good reason for being a long term bear on GBP/USD. However, Juckes sees more supporting factors on the horizon. Firstly, he notes concern expressed by the fed´s Professor Stein about asset bubbles. Fed hawkes are slowly building influence and a policy rethink may still be months away but will be inevitable in the long run. Secondly, he notes the trend in UK inflation which has been above the MPC´s target since 2009. He writes, “UK inflation has been above US inflation since October 2008, and that has a bearing on the real exchange rate too. GBP/USD will track EUR/USD, so Euro resilience will support GBP/USD. The pound still looks undervalued on a fundamental basis relative to the Euro. But despite that, short GBP/USD seems a viable long term trade and a better tactical trade than shorting EUR/USD too early. It’s certainly a good way of expressing the shift in relative energy dependence.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 11, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex Flash: NOK/SEK could find downside pressure this week – Danske Bank The pair is retracing earlier gains after posting fresh monthly highs in the proximities of 1.1660 ahead of the Riksbank monetary policy meeting due on February 13. Market consensus still remain pretty divided regarding a rate cut, as late improvement in Swedish data out of the retail sales and manufacturing and services PMI would add further pressure to the Nordic central bank. “We remain hesitant and still believe that a cut in April is more plausible as the Swedish economy in line with the global economy seems to be stabilising. If we are correct that the Riksbank will keep rates unchanged, NOK/SEK should see some downside potential this week”, explained Senior Analyst C.Tuxen at Danske Bank. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 11, 2013 OctaFX.Com News Updates -
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OctaFX.Com - Happy Weekend to all! OCTAFX is a top-notch service level forex broker. OctaFX provides forex trading services to clients all around the globe with Metatrader 4 trading software. Open your real account today and start your profitable requote-free trading in 5 minutes! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
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OctaFX.Com - Good news for IBs! Higher IB commission and more promo materials! OctaFX values the effort inputted by IBs into their everyday work. Introducing brokers are integral part of any forex broker and we highly appreciate theit work. With this in mind OctaFX is now glad to announce really great news for all our existing and prospective IBs. First of all, we have increased IB commission. It is now 30% of spread for all account types. Get more IB commission with OctaFX, bring new clients and build your stable and profitable IB business with OctaFX. Not to forget, each IB has an opportunity to become an OctaFX office director in his/her region. Now it has become even easier! Secondly, all the variety of OctaFX promo materials is now available here. You are free to use banners in 4 languages and various sizes, promo texts, logos and many more. You can download or copy the banner codes from this page. You can generate or embed referral links into the banners right on this page. Now isn’t it just nice? We would like to thank all our IBs for their cooperation and for staying with us. We’d like to wish you all prosperity of your business! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex Flash: What lies ahead of EUR/USD? – Commerzbank, BTMU and UBS The shared currency has managed to put the ECB meeting in the rear window and is currently posting fresh highs in the proximities of 1.3420, buoyed by the likeliness of an agreement from the European Council on the 2014-2020 Budget. Recalling the last break above the key area of 1.3485/1.3562, Karen Jones, Head of FICC Technical Analysis at Commerzbank commented, “We suspect that this was a false break higher, however key support remains the 1.3125 6 month uptrend and a close below here is required to negate the upmove completely.” In addition, Derek Halpenny, researcher at BTMU, explains “We may finally get an EU budget deal later today with rumours of a deal based on the first real-term budget cut in EU history. That may help stabilise the single currency which is being undermined in part by some renewed liquidation of yen short positions”. The bullish outlook on the cross remains intact, according to Strategists G.Yu and G.Berry at the Swiss UBS, arguing, “The strong support is at 1.3354. While this holds, the risk is for resumption of strength. Resistance is at 1.3578 ahead of 1.3711”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 08, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex Flash: USD/JPY year-end target at 95.00 – Scotiabank The Japanese yen seems to have found intraday support in the boundaries of 93.10 on Thursday, after the ECB has ignited a rally in the safe havens, dragging the cross from levels around 93.70 “The upward trend in USDJPY is too strong to fight and tied into equities. Technicals are not providing any warning signals that the trend is at risk. We hold a year-end USDJPY target of 95, but expect that it could temporarily range as high as 100 before drifting back”, assessed Camilla Sutton, Chief Currency Strategist at Scotiabank. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 07, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex: GBP/USD holds up at 1.5700 after UK NIESR GDP Incoming BoE Governor Carney brought the GBP/USD back above the 1.5700 psychological level after triggering a rally from 1.5650 to 1.5769 spike high with his testimony before the UK Parliament. Since then, the pair has been consolidating its position above 1.5700, even after the release of UK NIESR GDP estimate for January. From an estimated -0.3% recession in December, the estimate of growth over the last 3 months in the UK has risen to 0.0% in January, according to NIESR. Incoming BoE Governor Carney assured that he would not alter significantly the central bank's current monetary policy strategy but that he was in favor of introducing more stimulus for a period of time and communicating it in order to help manage market expectations. He also said that the central bank must exit unconventional policy. The MPC decided to keep the key rate at 0.5% and the asset purchases at £375B, as expected by investors, in the meeting of February 7. “The £6.6 billion cash flow comprises the redemption payment on the gilt, as well as the cash flow resulting from the indemnity provided by HM Treasury to the Bank of England in order to cover any difference between the redemption payment and the original amount invested”, said the official statement. “The GBP/USD currency pair continues consolidating near its minimums. I think today the pair may form any type of reversal pattern to start growing up and break the latest descending channel”, wrote Roboforex.com analyst Igor Sayadov. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 07, 2013 OctaFX.Com News Updates -
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex: GBP/USD soars as Carney testimony starts GBP/USD has soared closed to a point as in coming BoE Governor Carney is delivering his testimony to the Treasury Select Committee this morning. He has told the group that the bank must exit unconventional policy and protect the integrity of the Pound. He added that the bar to changing monetary policy framework must be very high and central banks should be flexible on targeting inflation. Further, he believes that the BoE must enhance forecasting. The market reaction has seen Cable soar on talk that an end to easing will be targeted and spot is now currently trading at 1.5731, just below the hourly 200 MA, having made a high at 1.5767. RSI has spiked high and climbed to 76. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 07, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
In a recent speech to the European Parliament, French President Francois Hollande urged the euro zone to set a mid-term target for the EUR exchange rate In a recent speech to the European Parliament, French President Francois Hollande urged the euro zone to set a mid-term target for the EUR exchange rate and to forge a jobs policy to fight political disillusionment at reforms. Hollande's calls ran into immediate opposition from German Economy minister Roesler who recommended that the focus should instead be on competitiveness rather than weakening the currency. Luxembourg Finance Minister Luc Frieden said the euro's level doesn't concern him at present and its strength follows the economic reality of the euro zone. Staying in Europe, Fitch joined Moody's and S&P in assigning a negative outlook to Netherland's AAA rating. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “The outlook revision reflects Fitch's concerns over persistent banking system problems – as highlighted by the recent nationalization of SNS Reaal (the country's fourth largest banking group) - and public debt levels higher than those of top-rated peers.” Dutch 10yr yields closed 3bp higher on the day and were largely unmoved following Fitch's announcement. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 06, 2013 OctaFX.Com News Updates -
OctaFX.Com - Feel free to ask Question! We invite you to be part of OctaFx for your success future, OctaFx offering 30% each deposit bonus as well 8USD no deposit bonus, fast server no re-quotes guaranty so, join right away to became successful trader. Feel free to ask any question about OctaFX. we are glad to serve you the right way. We are here to help 24/7 because its our pleasure to server you! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Technical Analysis
Forex Flash: No reason for a AUD selloff on the RBA decision - Commerzbank Commerzbank analysts consider the RBA statement to be relatively balanced: "It is becoming clear that the RBA will take a wait and see attitude as far as domestic demand is concerned before taking further steps. After all it left the key rate unchanged at 3.0% which corresponds to our expectations", wrote analyst Antje Praefcke, adding that the stamente pointed out that the global outlook has improved, a fact that other central banks have also referred to recently, and there are only moderate changed to the domestic economy part. As growth is slightly below the trend (but past rate cuts are beginning to show some of the expected effects) and inflation remains low, it very much looks as if the RBA wasn’t done yet with its current rate cut cycle but as if it prefers to wait for further data releases before changing rates again. "Easier conditions would in turn make things easier for areas outside the mining sector to fill the gap left by the end of the investment boom in the mining sector", he wrote. "The RBA is clearly hoping for a soft transition in a divided economy: slowly ending investment boom in the mining sector with a simultaneous recovery in other sectors (e.g. manufacturing sector and others) thanks to lower rates", continued the Commerzbank analyst, attentive to what is coming next, but with no reason to sell the AUD massively as a result of the rate decision. "We think 1.0350-80 should hold in AUD-USD", he concluded. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Feb 05, 2013 OctaFX.Com News Updates