OctaFX_Farid

OctaFX.com - Octa Markets Incorporated! Octa Markets Incorporated is a forex broker recognized worldwide. OctaFX provides Forex brokerage services to its clients in over 100 countries around the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading experience incredibly convenient. Our top goal is the trust and satisfaction of each client's needs and requirements. OctaFX sets the highest service level standards and maintains them, as well as constantly developing new services and promotions. Octa Markets Incorporated was registered in 2011 in Saint Vincent and the Grenadines under license number 19776 IBC 2011. The Company's legal and correspondence address is Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines. OctaFX acts in full compliance with international legislation and regulation standards. We strongly believe that honesty is the best policy. You can review Customer Documents as well as AML policy and other important legal documents in the Legal Agreements section at http://www.octafx.com. OctaFX has developed a variety of options to make your forex trading even more convenient. We offer live ECN accounts as well as micro accounts. The lowest spreads, real-time market execution and true ECN offset are among the top advantages of OctaFX. 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. Be the Champion with OctaFX! 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!

FOMC Minutes: Fed to maintain positive stance to raise rates this year – NAB FXStreet (Barcelona) - Emma Lawson, Senior Currency Strategist at National Australia Bank, previews the key events ahead in the US – FOMC Minutes and Fed Williams speech. Key Quotes “The US is modestly more interesting, with the minutes from the last FOMC minutes. That should explain the changes in the dot points, but mostly is expected to reiterate the line that the Fed expect to raise interest rates this year, but they are very data dependent. We get more from the Fed, with the Fed’s Williams speaking on the outlook for the economy. He is a voter and known moderate hawk.” July 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD stays at 1-month lows FXStreet (Córdoba) - GBP/USD extended losses into a second day on Wednesday and scored fresh 1-month lows as the dollar benefited in a risk-off environment prevailing in financial markets. GBP/USD dropped to its lowest level since Jun 9 at 1.5351 before finding support. However, the subsequent bounce was capped by the 1.5385 zone, confining the pair to a phase of consolidation in a tight range GBP/USD levels to watch In terms of technical levels, GBP/USD could find next supports at 1.5351 (Jul 8 low), 1.5300 (psychological level) and 1.5270 (100-day SMA). On the flip side, resistances are seen at 1.5400 (psychological level), 1.5443 (200-day SMA) and 1.5466 (200-day SMA). July 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/JPY intraday chart flashes warning flag FXStreet (Barcelona) - GBP/JPY could soon experience a period of short-term strength on an intraday basis to allow for some severe oversold studies to unwind. While the 50 SMA is moving at a considerable distance below the 200 SMA on the hourly chart, the stochastic (14,3,3) threatens to change the bearish status quo. The oscillator has built a base under the 20% level for an entire session and has just emerged from oversold territory with the recent hourly close. This is a rare but not uncommon technical event warning of a potential short-term bottom. Longer-term traders following the 4H stochastic, still under 50%, don’t necessarily need to liquidate their sell positions. Nevertheless, the 1-hour stochastic is increasingly backing the idea that it could be necessary soon. July 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/HUF MACD indicates downside pressure FXStreet (Barcelona) - The failure of MACD to test recent highs indicates that USD/HUF could be facing downside pressure soon. Over the past two weeks, it has become evident that a bearish divergence between USD/HUF spot and the MACD has developed, which typically implies weakness ahead. Additionally on a 4-hour chart, we can see that the MACD line pushed below its signal line, a further bearish forewarning. July 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Greece to extend bank holiday, capital controls through Friday FXStreet (Córdoba) - According to government sources, Greece is likely to extend bank holiday, capital controls through Friday. July 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Brazil IPCA Inflation climbed from previous 0.74% to 0.79% in June FXStreet.com (Barcelona) For more information, read our latest forex news. July 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

FOMC Minutes might be perceived as slightly more hawkish – TDS FXStreet (Barcelona) - The TD Securities Team previews the key events ahead in the US – FOMC Minutes, Fed Williams speech. Key Quotes “Minutes from the June 16-17 FOMC will come into focus amid ongoing Greek concerns, with markets interested in any discussions surrounding the Fed's evolving view on inflation and growth, and any emerging consensus on the appropriate pace of policy withdrawal.” “While markets viewed the June FOMC statement as dovish, there is a risk that the minutes hint at a more balanced discussion (which may be perceived as slightly more “hawkish”) on rate hikes later this year.” “Fed’s Williams (dove, voter) will make remarks on the speaker circuit. On the supply front, the $21B 10yr auction will follow on the heels of a solid 3yr sale, with averages suggesting a stop 0.5bps through the screens as the buy side takes 70% of the auction (57% to indirects and 13% to directs).” July 08,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX Champion demo contest Round 40 became truly Indonesian! We are delighted to announce the results of our OctaFX Champion demo contest and greet all the winners of the legendary competition. Round 40 became truly Indonesian - all positions have been occupied by participants from Indonesia. Both mature traders and newcomers are encouraged to show their best trading skills, and compete for getting on the podium of the competition. The registration for the next round is open. The champions share $1000 prize according to their places, and join our most successful traders of the previous sessions in OctaFX Hall of Fame. This contest is devised specifically to the traders, who want to test their own abilities and immerse into fascinating learning atmosphere. Our prizes are real, which makes the contest even more appealing! The posts about winners who uncover their successful strategies and provide some trading tips are aimed to help newcomers to get inspired. Even experienced traders don't hesitate to participate in the competition and compete for the rewards and praises. We want to thank all traders for participation in this round. Registration has already started, so don’t miss your chance to explore all advantages of OctaFX Champion demo contest! We are waiting for the Champions! 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!

Iran talks deadline extended to July 10 FXStreet (Mumbai) - The World powers and Iran have extended the deadline to reach a nuclear deal until the end of the week. State Department spokeswoman Mari Harf said Tuesday morning in a statement that U.S. officials have "made substantial progress in every area" and will continue negotiating with their Iranian counterparts through Friday. Moreover, If the Obama administration does not submit a nuclear deal to Congress before Thursday, the amount of time Congress will have to review a deal will double, to 60 days from 30 days. July 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD stages crushing decline FXStreet (Barcelona) - The 1-hour GBP/USD MACD series is sitting at extreme lows. Recent plummeting GBP/USD price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario. July 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Redbook index (YoY): 2% (July 3) vs 1.7% FXStreet.com (Barcelona) For more information, read our latest forex news. July 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD near 1.0920, ‘Grexit’ picks up pace FXStreet (Edinburgh) - The shared currency keeps losing ground vs. the US dollar on Tuesday, now sending EUR/USD to fresh lows near 1.0920. EUR/USD weaker on Greece The pair is testing multi-week troughs in the 1.0920 area during the first half of the week, as unease is gathering further traction amongst traders ahead of the critical EU Summit. Adding to the downbeat sentiment, several EU officials have made comments favouring Greece leaving the euro bloc, while rumours that the European Central Bank could be ready to act to protect financial stability keep hovering over markets… and hurting the euro. In the data space, US trade deficit shrunk to $41.87 billion during June vs. $42.60 expected. EUR/USD levels to consider The pair is now retreating 1.16% at 1.0927 with the next support at 1.0918 (low Jun.2) followed by 1.0887 (low Jun.1) and finally 1.0819 (low May 27). On the other hand, a breakout of 1.1059 (high Jul.7) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24). July 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canada International Merchandise Trade came in at $-41.87B, below expectations ($-2.5B) in May FXStreet.com (Barcelona) For more information, read our latest July 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Oil dips on strong USD FXStreet (Mumbai) - Oil prices erased early gains to trade in the red as the USD strengthened on account of risk aversion due to Grexit fears and rout in Chinese stock markets. Triple whammy The commodities are suffering due to the triple whammy of Grexit fears, China stock market crash and the resulting strong USD. WTI Crude is currently down 1.27% at USD 52.33/barrel, while Brent Crude is down 0.40% at USD 56.94/barrel. Oil prices came under pressure as the USD index strengthened 0.82% to trade above 97.00 levels. A stronger USD makes oil costly in non-dollar terms. Meanwhile, investors keep a close eye on talks in Vienna over Tehran's nuclear program that could lead to increased exports of Iranian crude at a time of global oversupply. July 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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FTSE weakens, Rolls Royce drops 6% FXStreet (Mumbai) - The London’s Ftse index edged lower on Monday, although it stays relatively resilient its European peers after the Greeks rejected the creditor’s offer at Sundays’ referendum. Rolls Royce hurt by profit downgrade Shares in Rolls Royce fell more than 6% on Monday as the share buyback programme was being halted after Rolls Royce's third profit warning in nine months. Other major index losers are Schroders, TUI AG, RBS PLC, and Wier Group. On the other hand, major index gainers are Royal Mail, Marks&Spencer, SSE, Barratt, and Compass. The British equity markets stayed relatively resilient since UK economy is comparatively less threatened by the Grexit. The Ftse index currently trades 0.70% lower at 6539.80. The FTSE 100 has erased its 2015 gains and is almost 8% below a record high of 7,122.74 points set in April. July 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

RBNZ might cut rates in July and further too, NZD/USD expected to fall – Westpac FXStreet (Barcelona) - Dominick Stephens of Westpac, expect the RBNZ to cut its OCR by 25bp at each of the July, September and October RBNZ meetings, and further forecasts NZD/USD to see 0.62 by 2015-end. Key Quotes “We were forecasting 25bp OCR reductions in July and September. On top of the June cut that has already occurred, our forecast implied a total of three OCR cuts in 2015, and a terminal OCR of 2.75%. In our commentary we noted there was a risk of a fourth OCR cut this year. Over the past week emerging news has shifted that fourth cut from a risk scenario to a likelihood.” “Accordingly, we are now forecasting 25bp OCR reductions in July, September and October. This will take the OCR to a low of 2.5% this year.” “Commensurate with our lower OCR forecast, we are now forecasting an average NZD/USD exchange rate of 62 cents in the December quarter of 2015.” July 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

What will be the implications if Greece fails to arrive at an agreement soon? – BNPP FXStreet (Barcelona) - The BNP Paribas Research Team, expects Greece to introduce IOUs rather than paying invoices or salaries with euros, and a Grexit might happen eventually. Key Quotes “In case of no quick agreement with its creditors Greece it seems likely that Greece will have to introduce IOUs, which is a system of arrears. Rather than paying invoices or salaries with euros, there would be a promise that the money would follow later (although when would not be clear).” “In a similar way the government would also need to support the banking system which would be facing a liquidity squeeze if the ECB would have tightened the conditions for its ELA. These IOUs could be used to pay taxes and for electronic transfers although companies and households will prefer payment in cash. These are however increasingly hard to make because of cash withdrawal limits.” “One easily sees the complexity of the growing role of IOU’s and an increasing preference for cash. Eventually this could force the country to leave the Eurozone.” If Greece were to leave the Eurozone, there would be a legal vacuum “There are no clauses in the Treaty which underpins Economic and Monetary Union which would allow a country to leave the Eurozone and a country can’t be forced out either. In the European Union treaty, there is the possibility that a country would leave, but that would be on its own volition: it can’t be forced out. This implies that if Greece were de facto to leave the Eurozone, there would be a legal vacuum which would eventually require a treaty change.” July 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Forex outlook: EUR/USD might see a negative outcome by this week – TDS FXStreet (Barcelona) - FX Strategists at TD Securities offer the outlook for EUR/USD, EUR/JPY, NOK and the CAD, expecting further downside in the single currency. Key Quotes “We view recent events as EUR negative though the common currency is holding in remarkably well (EURUSD sitting around 1.1035 a time of writing). Markets may be waiting for the conclusion of the Hollande-Merkel meeting later today which would likely set the tone moving forward. Nonetheless, we still see the traditional safe haven playbook unfolding with USD and JPY as the prime beneficiaries if a Grexit becomes a base case scenario and in such a circumstance we think EURJPY is likely the best bet as the leveraged community has pared back its net EUR shorts opening downside potential if a deal is not reached.” “On EURUSD, short-term moving average crossovers are bearish right now in EURUSD with the 10-DMA breaking below the 55-DMA, which could see momentum players pull EURUSD lower on a negative outcome later this week.” “We look for commodity intensive currencies to be vulnerable to under performance, and thus far NOK has been the weakest performer versus the majors especially versus the EUR. The CAD has lagged the move but with WTI down nearly 4.3% on the session at time of writing, the bias will be for the CAD to slide.” July 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

DAX drops on Greek ‘NO’ vote news, banks worst hit FXStreet (Mumbai) - Germany’s benchmark index, the DAX kicked-off the week on a bearish note, opening with a negative and dropped to fresh three-week lows hurt by the outcome of the Greek vote on austerity measures, with the region's banking sector being hit the hardest. Currently, the DAX 30 trades -1.32% lower at 10909.80 levels, having posted fresh three-week lows at 10819.50 in early trades. German stocks dived in red as markets continue to weigh the Greek referendum outcomes while also evaluating possibilities of Grexit. Traders also remain cautious as later today; several top European officials are set to meet, with the biggest focus likely to be on ECB policymakers who are set to decide whether they will maintain the bank's emergency funding for Greek banks. The index trades with a negative market breadth with the advance-decline ratio being 1:29. BASF SE is the top loser so far, down -2.37%, followed by Daimler AG which is losing -2.31%. While Commerzbank AG records a- 2% loss on the day. DAX Technical Levels The index has an immediate resistance at 11k. Meanwhile, support is seen at 10765 levels and 10594 levels. July 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Shanghai Composite pares gains FXStreet (Mumbai) - The Shanghai Composite index pared gains due to weakness in Oil Equipment, Services & Distribution, Software & Computer Services and Technology. Chinese stocks jumped after Beijing unleashed an unprecedented series of support measures over the weekend to avoid the full fledged crash in the equities. The Shanghai composite index jumped leaped more than 7%, before paring gains to end the day up 2.42%. A surprise rate cut in the end of June relaxations in margin trading and other "stability measures" did little to calm investors . So China came out more announcements on Saturday – -China's top brokerages pledged to collectively buy at least 120 billion yuan ($19.3 billion) of shares. -The China Mutual Fund Association, said 25 fund companies also pledged on Saturday to buy shares. Another 69 fund firms said on Sunday they would do the same. - 8 companies that had been approved to launch IPOs all announced they had suspended their plans. It remains to be seen if the latest round of measures, manage to stabilize the Chinese equity markets. July 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold speculators reduced overall bullish positions FXStreet (Mumbai) - As per the Commodity Futures Trading Commission, Gold traders very slightly trimmed their gold bullish positions last week to lower the overall bullish bets for a second straight week. The non-commercial futures contracts of Comex gold futures witnessed a weekly change of -284 contracts to total a net position of +104,410 contracts in the data reported through June 2nd. The weekly bearish positions rose by +2,632 contracts, while the weekly bearish positions rose by +2,348 contracts. Meanwhile, during the reporting time period - May 26th to June 2nd - gold price edged higher from approximately USD 1,187.80/Oz to USD 1,194.40/Oz. July 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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OctaFX.com-OctaFX Supercharged real contest winner is rewarded with iPhone 6! OctaFX Supercharged real contest moves in a high gear. We continue our regular prize giveaways and reward our winners for their outstanding trading performance. We are excited to grant iPhone 6 to Mr Mohd Najid Bin Abu Bakar from Malaysia. The result of our Round 8 winner is unbeatable so far! We encourage the traders to take part in the contest and show what they are capable of. Meanwhile, we want to share the success story of the winner of Round 8. We thank Mr Mohd Najid Bin Abu Bakar for telling his success story. Our winner receives his brand-new iPhone 6, which will soon reach Malaysia! Every trader is welcomed to take part in OctaFX Supercharged real contest and compete for our 10 top-notch prizes including Tesla Model S, Smart Fortwo and Renault Twizy! Electrify your trading with OctaFX! Stand out for outstanding 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!