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OctaFX.Com - ECB: Loan demand sags in slack eurozone economy Eurozone central bank reports 'pronounced' fall in demand for loans as businesses hold back FRANKFURT, Germany (AP) -- The European Central Bank has more dismal numbers about the slack eurozone economy. The chief monetary authority for the euro reports a "pronounced net decline" in business demand for credit in the third quarter. Its quarterly bank lending survey shows that companies are not asking for money. Credit shows signs of shrinking even though banks are themselves finding it easier to raise money as the turmoil from the eurozone debt crisis has eased. The key figure showed a minus 28 percent balance, reflecting the difference between banks reporting more and less loan demand. The figure worsened from 25 percent in the second quarter. The eurozone economy shrank 0.2 percent in the second quarter and many fear it could sink into recession when third quarter figures come out Nov. 15. Oct 31, 2012 OctaFX.Com News Updates

OctaFX.Com - Forex Analysis: Euro Vulnerable on CPI Print, Yen May Fall on US Data The Euro may face selling pressure on swelling ECB rate hike bets as inflation hits a three month low. The Yen is vulnerable if US economic data boosts risk appetite. Talking Points Euro Vulnerable as CPI Slowdown Fuels ECB Interest Rate Cut Expectations Dollar, Yen May Extend Losses as Chicago PMI Rebound Boosts Risk Appetite The preliminary estimate of October’s Eurozone CPI reading headlines the economic calendar in European hours. Expectations call for the annual inflation rate to tick lower to 2.5 percent, marking the lowest print in three months. The outcome may weigh on the Euro as forex traders interpret fading price pressure as leaving the door open for the ECB to cut interest rates amid signs of deepening recession in the single currency area. Later in the day, the spotlight turns to the US data docket and the Chicago PMI report. Expectations call for an uptick to 51.0 in October after a disappointing 49.7 print in the prior month, putting the gauge back above the 50 “boom-bust” level. The result stands to reinforce the recent improvement in US economic data and could boost overall risk appetite, a scenario that is likely to put downward pressure on the safe-haven Japanese Yen and US Dollar. The two anti-risk currencies already came under pressure overnight as Asian stocks pushed higher, sapping demand. The MSCI Asia Pacific regional benchmark equity index added 0.7 percent after a gauge of US home prices rose to the highest since September 2010. The release buoyed hopes that a firming recovery in the world’s largest economy will help support demand for Asian exporters. Click here to read more Oct 31, 2012 OctaFX.Com News Updates

Forex News: Italian Benchmark Bond Prices Soar, and so Does the Euro Following a meeting in Berlin, France Finance Minister Moscovici and German Finance Minister Schaeuble announced that they are aiming for a solution to Greece by November. They said that they both want to see Greece remain in the Euro-zone, and that the solution will be discussed further in tomorrow’s Euro-group meeting tomorrow. Schaeuble declined to comment on the size of the funding gap in Greece, but added that they can’t go in the opposite direction on debt reduction. Moscovici said he doesn’t want to reopen the discussion on Euro bonds. Greece has previously said that the government might run out of money by November. The release of these statements had little effect on forex markets. Obviously, the biggest story of the day is Hurricane Sandy and its impact on the East Coast of the US. Bloomberg is reporting estimates of 20 billion dollars of damages from the hurricane and US stock markets will remain closed today. The US markets may reopen as soon as tomorrow, and there has been no noticeable effect on currency trading from the hurricane since some early losses to EURUSD on Monday morning. The big catalyst in today’s trading was the BoJ decision to expand asset purchases. The stimulus expansion barely met expectations and therefore had a positive effect on Yen trading. BoJ’s Shirakawa and a government official speaking after the meeting both agreed that the central bank must continue to act until an end of deflation. In Spain, the GDP in Q3 was reported to have contracted less than expected and therefore gave a brief boost to the Euro to just a bit short of 1.2950 in trading. That gain was soon erased by higher than expected unemployment in Germany. Finally, an Italian bond sale saw a drop in 10-year bond yields to 4.92% from 5.24% in September’s sale. EURUSD bounced back towards 1.2950 following the sale news, where the currency is still trading. The North American session calendar is light and traders should keep an eye out for updates relating to Greece or any serious changes to damage estimates from the hurricane. EURUSD Daily: October 30, 2012 October 30, 2012 OctaFX.Com News Updates

Forex News: Euro Erases Gains on Intense Rise in German Unemployment THE TAKEAWAY: German unemployment rises by 20,000 in October -> German unemployment rate at 6.9% -> Euro reverses gains The amount of people looking for work in Germany has increased at the fastest pace in 6 months as the unemployment rate remained at an 11-month high. The rise in unemployment during October was 20,000 (seasonally adjusted), double the expected 10,000 person rise in those unemployed, and significantly higher than last month’s revised 12 thousand rise in amount of people looking for work. The unemployment rate remains at 6.9% for the second month, as last month’s rate was revised higher from 6.8%, according to the Federal Labor Agency. The amount of people out of work in Germany now totals 2.94 million. The German economy has suffered because of the Euro debt crisis, and the GDP only rose 0.3% in the second quarter. Germany is the biggest economy in the Euro and signs of economic suffering are Euro negative in forex markets. In currency trading, EURUSD erased earlier gains that were made following a Spanish GDP release and retracted from a short term 1.2950 resistance. Support could now be provided by a rising month-long trend line, which is currently near 1.2843. EURUSD 15-minute: October 30, 2012 October 30, 2012 OctaFX.Com News Updates

Forex News: Euro Rises on Surprising Spanish GDP THE TAKEAWAY: Spanish GDP drops by 0.3% in Q3, better than expected -> Better GDP could lower expectations for bailout -> Euro rises The Spanish economy shrank by 0.3% in the third quarter, marking 4 straight quarters of economic contraction. However the drop in gross domestic product was better than the expected 0.4% decline, as predicted by forex news sources, and better than the previous quarter’s 0.4% drop in GDP. The third quarter saw a 1.6% drop in GDP from Q3 of 2011, according to National Statistics Institute. Spain is said to be considering a bailout from the EU via the ESM bailout fund, but has thus far resisted asking for the aid. An improving economy could lower our expectations for a Spanish bailout request. In forex markets, the Euro climbed on the positive economic news, despite its effect on bailout expectations, rising close to 1.2950 against the US Dollar. EURUSD has since erased those gains following disappointing German employment data. Support could be provided by a rising month-long trend line which is currently near 1.2843. EURUSD 15-minute: October 30, 2012 October 30, 2012 OctaFX.Com News Updates

The old round is over and the new round has just begun! Dear traders! We are glad to announce the end of Round 6 of OctaFX Champion Demo contest! As usual we watched the battle of trading titans and the strongest competitors will share their success stories later this week. In the meantime we are happy to announce that Round 7 of OctaFX Champion Demo Contest has officially started today! From now on, over 900 strongest traders of the world will be competing for the amazing prizes of this contest, namely: 1st prize gets 500 USD 2st prize gets 300 USD 3st prize gets 100 USD The last place gets another 100 USD The results and winners will be announced after November 24, 2012 00:00 (GMT+2). Finally, let us remind you of the registration to the 8th round of OctaFX Champion Demo Contest! You can still register and take part in the next round and win amazing prizes from OctaFX! Read more about the contest and take part here! OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX!

New OctaFX office in Jakarta, Indonesia! Dear traders! OctaFX is moving on with our regional expansion. We are always near you to help you with all your needs and questions. This said, we are proud to welcome you in our new support office in Jakarta, Indonesia! Highly trained and proficient office staff is here to answer your inquiries in Bahasa Indonesia. We are also offering local deposits in Indonesian Rupiahs for all our clients from Indonesia. Please feel free to contact us at: Phone / SMS Center : 0838.0838.5555 Blackberry Center : 2874a6b8 Yahoo Messenger : octafx.indonesia@yahoo.com We are always glad to welcome you in our Jakarta support office!

OctaFX.Com - Forex Analysis: Dollar Waits for Catalyst as S&P 500 Hints at Rebound THE TAKEAWAY: The US Dollar has pulled back as prices digest last week’s upward breakout. Traders now look to the S&P 500 for direction cues amid signs of a rebound. US DOLLAR – Prices continue to retest resistance-turned-support at the upper boundary of a falling channel set from the June 1 high (9897) having broken higher after forming a bullish Piercing Line candlestick pattern. A rebound sees initial resistance remains at 9963, the 38.2% Fibonacci retracement, with a push above that exposing the 50% Fib at 10032. Alternatively, a drop below support targets rising trend line support at 9859. Daily Chart - Created Using FXCM Marketscope 2.0 Read more click here Oct 29, 2012 OctaFX.Com News Updates

FOREX: OctaFX.Com - Dollar Ends Week Unchanged, What Will Force a EURUSD Break Out? Dollar Ends Week Unchanged, What Will Force a EURUSD Break Out? Euro Hopes Seek Spain Bailout, Fear Centered on Greece Japanese Yen: Japan’s Fiscal Cliff Could Drive USDJPY to 85, Beyond Canadian Dollar Sensitive to Jobs Data as Policy Wavers New Zealand and Australian Dollar: Rely on Risk Trend, If that Fails Intervention Oil Traders Watch Hurricane Sandy but Supplies Already Topped Off Gold Posts First Three-Week Decline in 13 Months, Next Break 1700? New to FX?Watch thisVideo; For live market updates, visitDailyFX’s Real Time News Feed Dollar Ends Week Unchanged, What Will Force a EURUSD Break Out? With the close this past Friday, the Dow Jones FXCM Dollar Index (ticker = USDollar) closed the week out less than a point from where it opened. In fact, this measure of the currency has progressed less than 0.1 percent through each of the past three weeks. There is no better measure of congestion and indecision. The lack of progress fits the fundamental backdrop of a market that grows increasingly concerned about the outlook for growth, yields and financial stability yet doesn’t deflate risky assets due to unrelenting hope for more stimulus. This lack of conviction has left the S&P 500 with a critical reversal of the most recent phase of its rally from June but without the commitment to build momentum on a move below 1400. Similarly, the same uncertainty has kept EURUSD anchored to congestion between 1.3100 and 1.2825. If we want to see a clear and lasting move from the dollar – we need a development that plays to its most basic role: ultimate safe haven and liquidity provider. Given the low level of participation in the capital markets (many investors have kept their money on the sidelines due to the extremely low yields and persistent of financial risks), it is rather easy to spur volatility with economic indicators. Yet, turning the tides of sentiment is an order that few of the ordinary indicators and releases can accomplish. The October NFPs due Friday are the pinnacle for scheduled economic data on the US docket; yet its already-lukewarm fundamental impact has been further diminished. We learned this past week that the Fed would not move to increase its stimulus efforts until at least the expiration of the Operation Twist program, and its ‘growth proxy’ role has been diminished by the release of 3Q GDP. That said, the typical slowdown into its release will likely reply. To break the cycle of indecision and hesitation ahead of never-ending event risk (we can wait for NFPs, then the US election, then the Fiscal Cliff, etc), we need a serious withdrawal of capital from risky exposure or mass influence of sidelined funds into the system. It would be extremely difficult to line up the necessary events to spur lasting rally (another interim stimulus, a move towards permanent fix for the Euro-zone, a turn in growth, slow recovery in benchmark rates, etc), but that doesn’t preclude another temporary rally on another short-term fix. Meanwhile, the backdrop has deteriorated enough that all it would take is the infectious belief that stimulus has reached is limits to spark fear. Euro Hopes Seek Spain Bailout, Fear Centered on Greece Europe’s two greatest threats carry opposing high-impact possibilities. While both Greece and Spain can see their situations improve or deteriorate, there is a greater influence over the euro and investor sentiment depending on which way they fall. Considering Spain is the Eurozone’s fourth largest economy, a fully engaged crisis can cause severe problems for the region’s future. However, there are still a number of interim steps that the country would have to go through before the market considered it hopeless. In fact, should Spain ask for a full rescue, it would very likely spur a substantial rally and perhaps even sentiment rally. It wouldn’t solve the underlying issues but it would delay the pain. Alternatively, Greece has passed through too many iterations of rescue for investors to be fooled by temporary measures. Furthermore, the country is struggling just to receive aid to keep running. Amid a lot of data, there is also a Troika-Greece meeting on Monday and Wednesday. Japanese Yen: Japan’s Fiscal Cliff Could Drive USDJPY to 85, Beyond The market is well aware of the fiscal shortfalls of Japan, but the country’s troubles on this front have not received as much press (from financial news and traders) as its US counterpart. This was at least partially due to the fact that there was a hard time frame to the United States’ trouble (the Fiscal Cliff that can cut $600 billion from GDP at the end of year) while the world grew accustomed to Japan’s debts. Well, that passive acceptance may come to an end as the government struggles to pass a bill necessary to keep operating. The recently announced stimulus program will tap reserve funds. But, by the end of November – with a scheduled debt sale – the country may run out of cash. Canadian Dollar Sensitive to Jobs Data as Policy Wavers Loonie skeptics have long warned that the Canadian economy is facing the same sort of troubling housing bubble and consumer debt that led so many other country’s to crisis. Yet, if it isn’t an immediately pressing problem, why not take advantage of the currency’s relative yield and stability. That ideal mix of safety and return may be coming to an end. Moody’s this past Friday placed six large Canadian banks on downgrade reviews. Next week, we have Canadian employment figures which can further weigh BoC Governor Carney’s concerns about ‘growing risks’. New Zealand and Australian Dollar: Rely on Risk Trend, If that Fails Intervention Both the Aussie and kiwi dollars have shown exceptional resilience through a questionable risk environment. Both are investment currencies for global Forex and interest rate traders; but their historically low yields are bolstered by a severe lack of alternative options with positive, real return. Central banks have recognized this and started to diversify into these funds. To offset this stubborn inflow, RBA and RBNZ central bankers are likely hoping that risk aversion drops carry to offer exchange rate relief. If that doesn’t happen, they have to cut rates / intervene. Oil Traders Watch Hurricane Sandy but Supplies Already Topped Off Risk aversion and a long building supply-demand imbalance pushed US crude to its lowest close in three months this past week. Having fallen five out of the past six weeks, a clear trend is starting to develop (though futures volume and open interest are dropping). With the speculative appeal of the commodity tarnished, the market recognizes production at 17-year highs. Not even Hurricane Sandy can change that glut. Gold Posts First Three-Week Decline in 13 Months, Next Break 1700? The bear trend that began for gold at the beginning of this month just below 1800 is proving just as consistent as the climb that preceded it. The metal is now eyeing 1700 with something that looks like hesitation. A dollar tumble and/or stimulus for Spain are among the few events that can turn this tide. Meanwhile, we are seeing the most consistent bear trend in 13-months, a drop in speculative interest and building volume. Oct 27, 2012 OctaFX.Com News Updates

OctaFX.Com - FOREX: Japanese Yen to Resume Down Trend on BOJ Stimulus, US Data The Japanese Yen marked its largest five-day drop in nine weeks against the US Dollar at the close of trade on Friday. Much of the selloff reflected speculation about an expansion of stimulus efforts from the Bank of Japan at the October 30 policy meeting, with various sources including Morgan Stanley / Mitsubishi UFJ and Nikkei News tossing around a ¥10 trillion yen estimate for the size of the increase. While Japanese authorities attempted to pour cold water on reports identifying a specific size of a stimulus, they didn’t specifically talk down the possibility of further accommodation in general. In the context of recent disappointments on the economic data front, this hints that an expansion of asset purchases may indeed be on the horizon. On the fiscal side of the equation, the government unveiled a ¥750 billion spending package meant to prevent a sharp retrenchment in public-sector spending as officials struggle to reach a deal on financing legislation that would pave the way for continued bond issuance. The government spends about ¥2.3 trillion per quarter on average however, hinting the modest size of the fiscal boost will not stave off the impact of forced austerity on economic growth for very long. That seemingly gives the BOJ further encouragement to act. Besides homegrown headwinds, the Yen continues to face downward pressure from the overall risk appetite landscape. The currency’s average value continues to show a significant inverse correlation with the S&P 500, meaning it is likely to broadly rise at times of risk aversion and fall when investor sentiment is on the upswing. That points the spotlight to the US economic calendar as another potential source of Yen volatility, with a busy docket of top-tier event risk including the ISM Manufacturing print and the all-important Employment report on tap. US economic data has increasingly topped economists’ expectations over recent weeks, feeding hopes that firming growth in the world’s top economy will help offset a slowdown in Asia and a recession in Europe. Consensus forecasts call for broad-based improvement across most of the week’s headline data releases, suggesting the path of least resistance favors a pickup in risk appetite that amplifies existing domestically-derived Yen selling pressure. Oct 27, 2012 News Updates

Our sincere congratulations on Hari Raya to all traders! Dear traders! We would like to express our sincere congratulations on Hari Raya to all OctaFX traders and partners! May peace and prosperity come into your family and home. On this great occasion allow us to thank you once again for staying with us, being our clients, your amazing support and feedback that gives us wings to evolve further. Together we are building the best company in the world along with your financial prosperity and independence. Selamat Hari Raya Aidiladha and thank you once again! Sincerely,OctaFX management and staff.

OctaFX.com-FOREX - Sentiment Buckles Under Heavy Euro After Spanish Downgrades News Summary: European Central Bank says private companies borrow less in ongoing weak economy ASIA/EUROPE FOREX NEWS WRAP CREDIT CRUNCH: The European Central Bank said Thursday that loans to non-bank businesses in the 17-nation eurozone shrank 1.4 percent year-on-year in September, double the contraction reported the month before. FRACTURE FEARS: The numbers show the economy is struggling despite efforts by the central bank to stimulate credit and calm financial markets fearful that the eurozone might break up. NEITHER A BORROWER, NOR A LENDER: Businesses see no reason to borrow to invest in expanding production. Meanwhile, banks in some countries have less to lend AS they struggle to recover from losses on real estate loans and on government bonds. Oct 25, 2012 OctaFX.Com News Updates

OctaFX.com-FOREX ANALYSIS: Dollar up on signs US economy slowly improving Dollar rises against euro, yen on signs that the US economy is slowly improving NEW YORK (AP) -- The dollar is rising against the euro on signs that the U.S. economy is slowly improving. The Labor Department says that weekly applications for U.S. unemployment benefits fell last week to 369,000. That's consistent with modest hiring. The Commerce Department says orders for durable goods rose 9.9 percent in September, mostly due to a spike in aircraft orders. And the National Association of Realtors says its index of home sale agreements rose in September. The euro fell to $1.2954 in afternoon trading from $1.2973 late Wednesday. In Britain, the government says the country has emerged from a nine-month recession. The British pound rose to $1.6118 from $1.6036 The dollar rose to 80.11 Japanese yen from 79.78 yen. Oct 25, 2012 04:48 PM OctaFX.Com News Updates

FOREX ANALYSIS: Canadian Dollar Forecast to Decline USDCAD –An aggressive shift in forex retail crowd positioning warns that the US Dollar (ticker: USDOLLAR) may be staging a larger rally against the Canadian Dollar. Retail short interest in the USDCAD surged 61 percent since last week, while long positions are down a comparable 35 percent through the same period. A positive technical forecast for the USDCAD and a sharp turn in retail sentiment leave us in favor of further gains. Oct 25, 2012 03:10 PM OctaFX.Com News Updates

OctaFX.com-OctaFX Champion Demo Contest Current update! Current update Champion Demo Contest a lot of contestants showing there keen interest in it and currently our top contestant fian182 has piled up with +3 294%. So, come and grab the opportunity and be the part of matchless traders. Contests schedule Current round (GMT+2) Registration: Sep 3, 2012 00:00 - Oct 1, 2012 00:00 Duration: Oct 1, 2012 00:00 - Oct 27, 2012 00:00 Next round (GMT+2) Registration: Oct 1, 2012 00:00 - Oct 29, 2012 00:00 Duration: Oct 29, 2012 00:00 - Nov 24, 2012 00:00 As usual, good luck everyone and let the strongest win! View round standings

FOREX - Dollar Vulnerable if Firm US Economic Data Buoys Risk Appetite The Dollar rose on haven flows in Asia but the move may be short-lived if another improvement on the US data front offers renewed support to risk appetite. Talking Points Forex Traders May Sell US Dollar if Firm Richmond Fed Print Buoys Risk Appetite Cycle-Sensitive Names in Focus on Earnings Docket as Markets Refine Growth Bets Dollar, Yen Rise on Haven Flows After Moody’s Downgrades Five Spanish Regions Another quiet day on the European economic data front keeps the focus on US event riskas traders weigh the ability of a cautious pickup in North America to offset sluggish performance in Europe and Asia. The Richmond Fed manufacturing activity gauge is in the spotlight. Expectations call for an improvement in October, hinting the positive cues seen in September’s releases are carrying forward. As we discussed in our weekly Dollar forecast, forex traders are likely to respond to US economic data in terms of its implications for market-wide sentiment trends. With that in mind, a firmer Richmond Fed print may boost risk appetite, weighing on greenback against most of its top counterparts (with the notable exception of the Yen) as haven-seeking capital flows dry up. Needless to say, a disappointing outcome is likely to produce the opposite dynamic. Turning to the corporate earnings docket, cycle-sensitive names with a global footprint including United Parcel Service, EI du Pont de Nemours and Ryder System are in focus as markets continue to fine-tune their global growth outlook. Guidance from these companies is likewise likely to be interpreted in terms of their implications for the global recovery as investors fine-tune broad-based growth expectations. S&P 500 index futures are pointing lower in late Asian trade, hinting at a lean toward risk aversion heading into the European session. The US Dollar and Japanese Yen rose against the majors in overnight trade as Asian stocks declined, boosting safe-haven demand. The MSCI Asia Pacific regional benchmark equity index fell 0.4 percent. The rout followed a Moody’s ratings downgrade of five Spanish regions. The Yen outperformed, adding as much as 0.3 percent on average, as prices digested the previous day’s aggressive sell off. The Japanese unit slumped 0.9 percent in the 24 hours through the closing bell on Wall Street, marking the sharpest one-day decline in seven weeks. see more click here Oct 23, 2012 06:25 AM OctaFX.Com News Updates

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OctaFX.Com - Canadian Dollar At Risk For Further Losses As BoC Turns Dovish The Canadian dollar struggled to hold its ground against its U.S. counterpart, with the USDCAD advancing to a fresh monthly high of 0.9939, and the loonie may face additional headwinds in the days ahead should the Bank of Canada soften its tone to raise the benchmark interest rate from 1.00%. Although the BoC is widely expected to maintain its current policy next week, the fresh batch of central bank rhetoric may dampen the appeal of the loonie as the government sees a slowing recovery in the region. Indeed, Finance Minister Jim Flaherty warned that the government may reduce its growth forecast as it prepares to release its updated budget, and we may see BoC Governor Mark Carney follow suit amid the ongoing slack in the real economy. As price growth holds near the lowest level since 2010, the central bank should sound more dovish time this around, and Mr. Carney may no longer see scope to withdraw monetary stimulus as growth and inflation tapers off. In turn, the BoC may strike a more neutral tone for monetary policy, and the protracted recovery in the United States – Canada’s largest trading partner – may keep the BoC on the sidelines given the historical ties between the two economies. According to Credit Suisse overnight index swaps, market participants see the central bank keeping the benchmark interest rate on hold over the next 12-months, and Governor Carney may look to carry the wait-and-see approach into the following year in an effort to further shield the world’s 10th largest economy from external shocks. As the relative strength index on the USDCAD finally clears interim resistance around the 58 figure, the upside break in the oscillator should pave the way for a higher exchange rate, but the pair may come up against trendline resistance as it maintains the descending channel from June. Nevertheless, should the BoC talk down speculation for a rate hike, the shift in the policy outlook may threaten the bearish trend in the USDCAD, and we will look for a close above the 200-Day SMA (0.9996) to encourage a bullish forecast for the dollar-loonie. Oct 20, 2012 03:52 AM OctaFX.Com News Updates

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OctaFX.Com -Australian Dollar Forecast Remains Bearish Despite Faster Inflation The Australian dollar fell back from a fresh monthly high of 1.0410 as market participants curbed their appetite for risk, but the high-yielding currency may regain its footing next week as price growth in the $1T economy is expected to bounce back in the third quarter. The consumer price report highlights the biggest event risk for the aussie, and we may see a bullish reaction to the print as the headline reading for inflation is expected to increase 1.6% after expanding 1.2% during the three months through June. However, the policy outlook continues to instill a bearish forecast for the AUDUSD as the Reserve Bank of Australia scales back its fundamental assessment for the region, and we should see the central bank continue to embark on its easing cycle in an effort to encourage a stronger recovery. Indeed. the RBA Minutes sounded more dovish this time around as the board sees the resource boom peaking ‘a little earlier, and at a somewhat lower level,’ and we should see the central bank continue to target the benchmark interest rate as the softer outlook for growth gives the central bank scope ‘to be a little more accommodative.’ As commercial banks remain reluctant to pass on the RBA’s rate cuts, investors are pricing a 77% chance for another 25bp reduction at the November 5 meeting, while borrowing costs are anticipated to fall by at least 75bp over the next 12-months according to Credit Suisse overnight index swaps. As the interest rate outlook remains tilted to the downside, speculation for additional monetary support should continue to dampen the appeal of the Australian dollar, and the high-yielding currency remains vulnerable to further headwinds as China – Australia’s largest trading – continues to face a risk for a ‘hard landing.’ Faster price growth in Australia should help to prop up the AUDUSD in the week ahead, but we will maintain a bearish forecast for the pair as it preserves the downward trend carried over from 2011. At the same time, the aussie-dollar appears to be carving out a lower top in October as the exchange rate fails to hold above the 23.6% Fibonacci retracement from the 2010 low to the 2011 high around 1.0370, and we may see the Australian dollar threaten the monthly low (1.0148) should market sentiment deteriorate further. Oct 20, 2012 03:48 AM OctaFX.Com News Updates

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OctaFX.Com - Canadian Dollar Trading Bias Moderates USDCAD - The ratio of long to short positions in the USDCAD stands at 2.89 as approximately 74% of traders are long. Yesterday the ratio was 1.97; 66% of open positions were long. In detail, long positions are 12.9% higher than yesterday and 2.7% below levels seen last week. Short positions are 22.8% lower than yesterday and 2.1% above levels seen last week. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDCAD may continue lower. Current SSI is higher than yesterday and lower from last week. The combination of current sentiment and recent changes gives a further mixed trading bias. Oct 18, 2012 03:39 PM OctaFX.Com News Updates

OctaFX.Com - British Pound Forecast to Strengthen versus Yen GBPJPY – Retail traders are now net-short the British Pound against the Japanese Yen for the first time since September, and the sharp shift in sentiment gives us contrarian signal that the pair may continue to further highs. Short interest has jumped 40 percent since last week, while long interest has fallen by the same amount. This lines up well with our USDJPY-bullish bias, and indeed it seems as though the Japanese Yen has further room to fall against broader counterparts. Oct 18, 2012 03:39 PM OctaFX.Com News Updates