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Round 2 of OctaFX Champion Demo contest started! Dear traders! We are happy to announce that Round 2 of OctaFX Champion Demo Contest has officially started today! From now on, over 600 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 Jun 30, 2012 00:00 (GMT+2). OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX! Good luck everyone and let the strongest win the contest! Register now and become OctaFX Champion!

OctaFX.Com - Our client's funds security is our top priority. Our client's funds security is our top priority. With OctaFX you can be absolutely sure your deposits are secured in every possible way. Here are some of the measures we take to ensure funds protection: Segregated Accounts In accordance with the international regulation standards OctaFX uses segregated account to keep protected customers' funds segregated from the company's balance sheets. This makes your funds secure and untouched. SSL-protected Personal Area We use highly secured technology to protect your personal data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, which makes your browsing safe and your data inaccessible to any third parties. Account verification OctaFX recommends you to verify your account by submitting your personal ID scan and an address proof. This simple measure will make sure your transactions are authorized and secured. Secure withdrawal rules Since a withdrawal from a real account requires an email confirmation, no one can ever access your account but yourself. It is also required that you use the same payment details for deposits and withdrawals. Thus, under no circumstances can OctaFX transfer your withdrawal to an unauthorized third party. 3D secure Visa/Mastercard authorization We apply 3D secure technology when processing credit and debit cards. This technology makes all the Visa/Mastercard transactions transparent and safe. Advanced protection OctaFX technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists. They have developed and maintain top level protection, so any data loss, damage or other technical issues are highly unlikely.

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OctaFx -Euro falls near 2-year low as debt crisis widens NEW YORK (Reuters) - The euro slumped to a near two-year low against the dollar on Wednesday with no relief in sight as Italian borrowing costs soared and concerns mounted over Spain's banking sector. Selling accelerated after the euro broke beneath the psychologically important $1.25 level and option barrier at $1.24, opening the way for a slide toward the low $1.20 area. Real money and institutional investors stepped up selling on signs the bloc's debt crisis is spreading to larger economies. "I think everybody was looking for an excuse to jump on the bandwagon for selling the euro," said Ravi Bharadwaj, market analyst at Western Union Business Solutions in Washington, D.C. "The fear is that a lot of the imbalances that have been built up so far have been funded and financed by banks in Europe. As the different sovereign entities look to stabilize their financial systems, they are in effect just feeding a massive feedback loop." Italy's funding costs rose sharply at a bond sale on Wednesday, with 10-year yields topping 6 percent for the first time since January. The Spanish equivalent neared the dangerous 7 percent level that had forced Ireland and Greece to seek bailouts. The euro fell as low as $1.2384 on Reuters data, the lowest since July 1, 2010. It was last at $1.2402, down 0.8 percent on the day. Support now lies around $1.2150, a low touched in late June 2010, and then the 2010 low of $1.1875. Adding to pressure on the euro were poll results showing Greece's radical leftist SYRIZA party has taken the lead over the pro-bailout conservatives. Greece is holding a national parliamentary election next month that may determine whether the debt-laden country stays in the euro zone. The euro staged the short-lived bounce after the European Commission said the euro zone should move towards a banking union and consider eurobonds and the direct recapitalization of banks from its permanent bailout fund. The jump in Italian and Spanish bond yields came a day after Egan-Jones Ratings cut Spain's credit rating, the agency's third downgrade of the country's sovereign rating in less than a month, citing the country's weak banks as the reason for the downgrade. A government source told Reuters on Tuesday that Spain would likely recapitalize Bankia (BKIA.MC), which asked for 19 billion euros on Friday, by issuing new debt and possibly drawing cash from the bank restructuring fund and Treasury reserves. "The euro is in an extremely vulnerable position and downside risks are very strong indeed," said Jane Foley, senior currency strategist at Rabobank. "The Spanish banking crisis has the potential to knock the stuffing out of the euro zone irrespective of the Greek election results." "The issues for Spain are undoubtedly huge and most people are coming round to the idea that it will need to go outside of its borders for assistance. The longer it delays, the more the risk of a bank run." The euro lost 1.5 percent against the safe-haven yen, taking it to a four-and-a-half month low of 97.73 yen. The dollar hit a three-and-a-half month low of 78.85 yen and was last down 0.7 percent at 78.94. The dollar index (.DXY), which measures its value against a basket of currencies, rise to a 20-month high of 82.941. Technical analysts said a monthly close about the 100-month average in the dollar index around 81.82 may herald a shift in the longer-term trend of the dollar and reverse a multi-year drift lower. The dollar also rose to a 15-month high against the Swiss franc at 0.9696 francs on EBS. The higher-yielding Australian dollar fell 1.2 percent to $0.9716, slipping towards a six-month low at $0.9690, after weaker-than-expected retail sales data underscored the case for interest rate cuts. May 30, 2012 16:57 OctaFX.Com News Updates

OctaFX Champion Round 1 Winners Grand Award! OctaFX Champion Round 1 Winners Grand Award! Dear traders! Today OctaFX is proud to present you the Grand Winners Award of the OctaFX Champion Demo Contest Round 1! There has been a lot of struggle, leaders had an enormous race and changed rankings almost every day until the contest was over! Certainly all of you are interested in how they managed to get these fantastic results. We interviewed our winners and asked them to unveil their success formulas! And the winner is… 1st prize, 500 USD, and all the glory to Mr. Ehsan Moattari from Germany Q: Was your win easy? Difficult? Did you feel a lot of competition from other rivals? A: It was not too hard nor too easy. Personally I believe the hard and easy is a relative matter. If a trader goes according to plan strategy and his chances of victory is high. Q:What is the main idea behind your winning strategy? What would you advise to other traders? A: Time to follow my strategy in the medium-term (daily and 4 hour) is. Testimonial that I'm by myself and others that the lot size with respect to capital management options. 2nd prize, 300 USD, and our sincere congratulations to Mr. Kristian Arjianto from Indonesia Q: Was your win easy? Difficult? Did you feel a lot of competition from other rivals? A: No, it’s not easy but not too difficult. I feel a lot of competition but not too hard at the end of contest. Competition very hard at beginning but not too hard at the end, maybe there is only about 500 contestant (It should >1000 contestant too make it more competitive) Q: What is the main idea behind your winning strategy? What would you advise to other traders? A: My idea is simple. This contest is not for sprinter but it's more like marathon, so it's about money management and patience. There are much trader behave like sprinter, force profit too hard at beginning with super high risk, they got big profit but market just need one or two trade to made their account collapse. So, my advice is good money management, patience and ready to sprint at the last days. 3rd prize, 100 USD, and give props to Mr. Yato Fachrudin SE from Indonesia Finally the last, but not the least prize winner, Mr. Wail Helali from Indonesia. Q: What would your message to traders around the world be? A: I want to thank all the employee of OctaFX of the great support and services they have and I want to tell to other trader don't fear the market just be caution and respect it, and specially don't trade emotionally it will swap your account.

Round 1 of OctaFX Champion Demo Contest is over! Dear traders! We are proud to announce that the 1st round of OctaFX Champion Demo Contest is now over! It’s been a fascinating month, where leaders’ grid changed every day dramatically! The intrigue was there till the very last day. And the most successful traders have proven their leadership and won the contest! Stay tuned for the official Award Ceremony later on this week. We will introduce the winners to you, talk to them about their success and what key factors in their trading helped them win. In the meantime, let us remind you of the registration to the 2nd round of OctaFXChampion 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! register and take part!

OctaFx - World stocks inch higher on Greek vote hopes World stock markets inch higher as polls suggest Greeks prefer to stay in eurozone MOSCOW (AP) -- European markets posted modest gains Monday morning after weekend opinion polls strengthened hopes that Greece might stick with the euro and austerity measures. Investor sentiment remained fragile, however, with Spain's bond yields rising after the announcement of bailout plans for troubled lender Bankia. Trading volumes were also expected to remain low with Wall Street due to remain closed for the Memorial Day holiday. The likelihood of Greece leaving the eurozone has been growing steadily since early May, when political parties opposed to the harsh terms of the country's financial rescue received unexpectedly high support in polls. The Greek exit would extend financial turmoil in the country and spread financial difficulties to other nations using the euro. Surveys over the weekend showed that Greeks, while angry after more than two years of austerity measures that have produced lower pensions and higher taxes, still want Greece to keep the euro currency and not revert back to the drachma. The May election results were so splintered that it left the country without a coalition government. Another election has been set for June 17. Ric Spooner, chief market analyst at CMC Markets in Sydney, said it made sense for investors to remain subdued this far ahead of the election. "The response has so far been very muted because these things could easily wax and wane over the course of the next two weeks," said Spooner. "One of the key drivers for investors will be trying to assess what the outcome of Greek election may be." European stocks inched up Monday Morning. Britain's FTSE 100 and France's CAC-40 were both 0.7 percent higher, at 5,391.82 and 3,068.76 points, respectively. Germany's DAX added 0.6 percent to 6,388.88. Moscow-based investment bank Troika Dialog warned in a morning note that "given the large number of very uncertain events on investors' watch list, any rebound will be modest." Spanish markets declined Monday on bailout plans for troubled lender Bankia, sending its shares plummeting 21 percent. Spain's IBEX 35 was lower 0.6 percent at 6,500.7 in morning trading. Yields for Spain's 10-year bonds on the secondary markets hit 6.45 percent in morning — close to the key 7 percent rate beyond which long-term financing on the bond markets is considered unaffordable. In Ireland, Prime Minister Enda Kenny made an appeal to voters to support the European Union's fiscal treaty in a referendum this week. Ireland's current EU-International Monetary Fund loans are due to run out by the end of next year, and only members of the treaty can access EU funds. Ireland is the only nation among 25 signatories putting the deficit-fighting treaty to a national vote. Ireland's benchmark ISE was up 0.7 percent at 3,113.34. Wall Street will be closed Monday for Memorial Day, which typically results in subdued stock trading globally. Asian stock markets closed modestly higher. Japan's Nikkei 225 index swung between gains and losses before settling 0.2 percent higher at 8,593.15. Hong Kong's Hang Seng added 0.5 percent to 18,800.99. Australia's S&P/ASX 200 rose 1 percent. In mainland China, the Shanghai Composite Index climbed 1.2 percent to 2,361.37 and the smaller Shenzhen Composite Index shot up 1.4 percent to 948.42. Later in the week, the U.S. government will release employment data for May, while China will release monthly manufacturing data. A private survey last week showed activity weakened further in May. Benchmark oil for July delivery was up 89 cents to $91.75 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 20 cents to settle at $90.86 in New York on Friday. In currencies, the euro rose to $1.2578 from $1.2518 late Friday in New York. The dollar fell to 79.36 yen from 79.66 yen. May 28, 2012 11:58 OctaFX.Com News Updates

OctaFX.Com -Gold firms on euro rebound; Europe worries linger Gold firms on euro rebound; Europe worries linger SINGAPORE (Reuters) - Gold rose on Monday, tracking a firm euro, as fears of a messy Greek exit from the euro zone receded slightly after opinion polls showed pro-bailout conservatives in the lead, but gains were checked as worries about the region were far from over. The euro bounced back from a two-year low hit on Friday after the opinion polls triggered short-covering in the single currency, while the dollar index (.DXY) fell for the first time in five sessions, helping support commodities priced in the greenback. "June will be a key month as investors await the Greek election," said Lynette Tan, an analyst at Phillip Futures in Singapore. "Gold will probably be rangebound between $1,530 and $1,600 per ounce if there's no major news before the election." Bullion shed more than 1 percent last week, in tandem with the euro, equities and other commodities, as investors fretted over the impact of a potential Greek exit from the euro zone and rushed to lower-risk assets such as the dollar and U.S. Treasuries. But investors remain worried as Spain's wealthy Catalonia region sought central government help as it was running out of options for refinancing debt this year. Spot gold rose 0.4 percent to $1,580.42 per ounce, its highest level in nearly a week, and traded at $1,577.76 by 0627 GMT. U.S. gold was up half a percent at $1,577.30. In the week ended May 22, speculators cut their net bullish bets on U.S. gold to the lowest level since December 2008 as the rise in short positions outpaced the uptick in longs, data from U.S. Commodity Futures Trading Commission showed. "There is no particular reason to buy gold at this point - oil prices have slumped, the dollar is very strong and we don't see the prospect of more monetary easing from the U.S. Federal Reserve any time soon," a Hong Kong-based dealer said. "People are just waiting for the verdict on Greece." Further strengthening the dollar, U.S. consumer sentiment rose to the highest level in more than four years in May as Americans remained positive about the job market, while higher-income households were optimistic about wage increases, a survey released on Friday showed. This week investors will look at U.S. non-farm payrolls and China's official purchasing managers index data to gauge the health of the world's top two economies. May 28, 2012 07:01 OctaFX.Com News Updates

OctaFx -Insight: U.S. hedge funds find ways to trade euro misery BOSTON/NEW YORK (Reuters) - Two decades ago, George Soros rose to fame and fortune on his now-historic trade in which he took on the Bank of England and shrewdly wagered on a devaluation of the British pound. But it's unlikely the current European monetary crisis and worries about Greece's potential exit from the euro zone will give rise to an investing legend like Soros, who made $1 billion in 1992 by betting on a decline in the price of the pound. Instead, there are a multitude of strategies to play Europe's troubles, and many different participants, according to U.S. hedge fund managers. "There is not room for one player to have such impact," said John Brynjolfsson, whose California-based Armored Wolf hedge fund has been betting against the euro for quite some time. "Financial markets are so much bigger today." A spokesman for Soros, who last year converted his Soros Fund Management to a family office and stopped managing money for outside investors, could not be reached for comment. Brynjolfsson and several other U.S. money managers who are trying to profit from Europe's misery say they expect the current crisis to produce a lot of winners. So far this year, the euro is down 3.3 percent against the U.S. dollar. U.S. money managers say it's hard to swing for the fences the way Soros did because institutional investors are far more squeamish about having too much money riding on any single trade. There is also heightened sensitivity from pensions and endowments to taking an investment strategy that might spark political outrage from European leaders. Another thing working against the rise of a new Soros is that trading the euro zone, or even the fallout from a Greek exit, is a much more complicated than betting against a single currency. Money managers are playing the euro zone crisis by trading currencies, wagering on the direction of bank stocks or using derivatives like credit default swaps to bet on potential corporate and bank failures. Greenlight Capital's David Einhorn recently said he is bullish on gold and gold miners, in part because of concern about the fallout from a euro zone meltdown. Some managers are even going both short and long on different European sovereign debt, depending on their views of the financial stability of different countries. Adam Fisher, manager of the $320 million Commonwealth Opportunity Capital hedge fund, noted that Soros faced a "single country, not 17 different countries, one decision maker, not 17." Fisher's fund, which has more than 80 percent of its money invested in Europe, is taking a somewhat contrarian position by owning the European sovereign debt of Germany, the Netherlands, Italy and Spain. Hedge fund managers point out that given the up-and-down nature of the euro zone crisis, most hedge funds have been in and out of trades or forced to adjust positions depending on the changing political winds. Earlier this year, for instance, it looked like concern about Greece exiting the euro had passed. But with the recent results of the Greek election at odds with the austerity measures demanded by its currency partners, the risk of a Greek departure from the euro zone has risen dramatically. Recently, Fisher said his Los Angeles-based fund had reduced the size of some of its more bullish sovereign debt trades because he believes there will be "violent" market swings this summer. "It is going to be incredibly difficult to manage risk through that environment," said Fisher, whose fund was up 8.8 percent through April. "I don't think hedging will do anything. The way you hedge, is you sell. You don't subtract risk by adding risk." Brynjolfsson, a former top portfolio manager for bond mutual fund firm Pacific Investment Management Co, is betting on Greece exiting the euro. He said it will be hard for European leaders to take the necessary steps to appease the Greek government without infuriating politicians in other euro zone countries. "As the wheels began falling off the bus, we adjusted to have a short bias and that has worked out," said Brynjolfsson, whose $750 million hedge fund is up 2 percent this year, largely on its short bet against the euro. Axel Merk, president and chief executive officer of Merk Investments, an investment advisory firm that specializes in currencies, said the growing problems with Greece and the euro zone led him recently to dump all the euros in his $517 million Merk Hard Currency Fund, which is up 2.29 percent for the year. Merk now favors the Singapore dollar, which has climbed 1.34 percent since January. Ray Dalio's $120 billion Bridgewater Associates gained 23 percent in 2011 in part because of profits made from a series of European bets, said a person familiar with the Westport, Conn.-based fund who declined to discuss specifics of the strategy. In a recent interview with Barron's, Dalio said European banks "are now over-leveraged and can't expand their balance sheets" and European nations "don't have enough buyers of their debt." Dalio may be the U.S. money manager who comes closest to rivaling the Soros of two decades ago. His hedge fund is the industry's largest and he widely regarded as one of the most successful managers. Among the ways funds are playing the European turmoil, some are betting against the fortunes of Spanish and Italian banks instead of simply focusing on sovereign debt. John Paulson, among others, bets against European sovereign debt as way to hedge the overall portfolio of his Paulson & Co hedge fund firm. Daniel Loeb's Third Point fund put on a long position in Portuguese sovereign bonds in the first quarter because the New York-based manager believed the nation is in better shape than others in the euro zone. "Portugal's debt profile is more consistent with Italy's than Greece's, its banks are substantially healthier than Spain's, and its government has enacted more aggressive labor reforms and is more stable than regimes in both countries," Loeb wrote in a May 16 investors' letter seen by Reuters. If nothing else, the European crisis is forcing managers to keep coming up with new strategies to trade. One might say it's almost become an incubator for hedge fund managers to stretch their investment acumen. Merk said he might look again at Europe if the political and financial situation gets more clarity. But he would likely do it a bit differently. "If there is clarity in the process again, then we will certainly look at Europe again," he said. "But not through Greek debt, but through German bills." May 28, 2012 06:04 OctaFX.Com News Updates

OctaFx - Happy Weekend from OctAFX We have seen many ups and down in OctaFX Champion and BDpips contests. competitors trying their best to bang each other by skills anyhow circumstances is still rigid. we wish superlative for all traders in coming week

OctaFX.Com -Euro falls vs. dollar on fears debt crisis may spread Euro falls vs. dollar on fears debt crisis may spread NEW YORK (Reuters) - The euro slipped to near two-year lows against the dollar on Friday, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the bloc. A plea from Spain's wealthiest autonomous region, Catalonia, for help from the central government to refinance its debt this year was the latest news to hit the euro, which was on track for its worst weekly showing in five months. Catalonia's appeal reverberated across financial markets. Spanish and Italian bonds sold off, equities fell, and U.S. crude oil futures turned negative. "The Catalonia news was a big deal because it implies that the Spanish government may have to take on more debt and it cannot afford to do so," said Richard Franulovich, senior currency strategist at Westpac Securities in New York. "It looks like all the euros that were bought need to be resold. For now, it's all about contagion," he added. In mid-afternoon New York trading, the euro slipped 0.2 percent to $1.2511, after earlier falling to a nearly two-year low of $1.2495, using Reuters data, taking out a key options barrier at $1.25. The common currency has lost 5.5 percent against the dollar so far this month and is facing its fourth straight week of losses, raising the possibility of a test of the 2010 low of $1.1875. It has dropped 2.1 percent this week, placing the euro on pace for its worst weekly performance since mid December. Macro funds and institutional investors have ramped up euro selling after an inconclusive election in Greece left the country at risk of bankruptcy and a possible exit from the euro zone. "I think markets are pretty complacent about a Greek exit," said Gabriel de Kock, executive director of FX research at Morgan Stanley in New York. "Everyone says it's going to happen, but if it does, the Europeans will have to do extraordinary things to avoid contagion of the sort that could knock out Ireland, Spain and Portugal pretty quickly. So people are not ready." Greeks vote again on June 17, with polls showing a close race between parties supporting and opposing the austerity measures that are part of the terms of the country's international bailout, keeping markets on tenterhooks. Investors are also concerned about the health of the Spanish banking sector, chances of a deep and damaging slowdown in the euro area, and the lack of any aggressive policy measures to address the escalating debt crisis. Spanish lender Bankia (BKIA.MC), which was partly nationalized this month, was set to ask the government for a bailout of more than 15 billion euros (US$19 billion) on Friday, a financial sector source told Reuters. Many strategists expected euro selling to continue next week, although heavy short positioning could slow the momentum. Investor nervousness was well reflected in the options market, as euro/dollar one-month implied volatility hit 13.13 percent for a second straight day. It was last at 12.2 percent, well above its 50-day simple moving average. Brad Bechtel, managing director at Faros Trading in Stamford, Connecticut, said the uncertainty surrounding Greece is likely to keep trading volatile and unpredictable. "By and large, people are more comfortable being short euro or long volatility, but at the same time, you get to points like right now when we're very stretched," said Bechtel. "Then, you can get very quick 2 percent to 3 percent snap-backs. It forces everyone to be day traders, speculators as opposed to investors." Against the yen, the dollar was up 0.1 percent at 79.65 yen, supported by Tokyo importers and investors squaring positions ahead of a long holiday weekend in the United States. Sell offers around 80.00 yen were poised to cap any further gains, traders said. U.S. markets will be closed on Monday for the Memorial Day holiday. The euro was flat against the Swiss franc at 1.2007 francs, having jumped to 1.2075 francs on Thursday, its highest level since mid-March on market talk the Swiss government is going to impose a tax on deposits and chatter that the Swiss central bank initiated a short squeeze in the pair. Traders said the Swiss National Bank has been buying euros in the past few weeks to protect the floor at 1.20 francs, although some investors were still piling on bets through the options market that the peg will be breached in coming days if the euro zone crisis escalates. May 25, 2012 15:48 OctaFX.Com News Updates

OctaFX.Com -Euro slumps vs. dollar on Greek, Spain worries Euro slumps vs. dollar on Greek, Spain worries NEW YORK (Reuters) - The euro tumbled to nearly two-year lows against the dollar on Friday, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the bloc. A plea from Spain's wealthiest autonomous region, Catalonia, for help from the central government to refinance its debt this year was the latest news to hit the euro, which was on track for its worst weekly showing in five months. Catalonia's appeal reverberated across financial markets. Spanish and Italian bonds sold off, equities fell, and U.S. crude futures turned negative. "The Catalonia news was a big deal because it implies that the Spanish government may have to take on more debt and it cannot afford to do so," said Richard Franulovich, senior currency strategist at Westpac Securities in New York. "It looks like all the euros that were bought need to be resold. For now, it's all about contagion," he added. In midday New York trading, the euro slipped 0.1 percent to $1.2525, after earlier falling to a nearly two-year low of $1.2495 on trading platform EBS, taking out a key options barrier at $1.25. That placed the euro on pace for its worst weekly performance since December. The common currency has lost 5.5 percent against the dollar so far this month and is facing its fourth straight week of losses, raising the possibility of a test of the 2010 low of $1.1875. Macro funds and institutional investors have ramped up euro selling after an inconclusive election in Greece left the country at risk of bankruptcy and a possible exit from the euro zone. "I think markets are pretty complacent about a Greek exit," said Gabriel de Kock, executive director of FX research at Morgan Stanley in New York. "Everyone says it's going to happen, but if it does, the Europeans will have to do extraordinary things to avoid contagion of the sort that could knock out Ireland, Spain and Portugal pretty quickly. So people are not ready." Greeks vote again on June 17, with polls showing a close race between parties supporting and opposing austerity measures that are part of the terms of the country's international bailout, keeping markets on tenterhooks. Investors are also concerned about the health of the Spanish banking sector, chances of a deep and damaging slowdown in the euro area, and the lack of any aggressive policy measures to address the escalating debt crisis. Spanish lender Bankia (BKIA.MC), which was partly nationalized this month, was set to ask the government for a bailout of more than 15 billion euros (US$19 billion) on Friday, a financial sector source told Reuters. Many strategists expected euro selling to continue next week, although heavy short positioning could slow the momentum. "We have...a standoff where the market is short and the news is bad, and so we have tended to go down in stages," said Kit Juckes, currency strategist at Societe Generale. "Although it's almost impossible to imagine a set of circumstances where we get good news, the pullbacks in this move down since the break of $1.30 have gotten really tiny." Investor nervousness was well reflected in the options market, as euro/dollar one-month implied volatility hit 13.13 percent for a second straight day. It was last at 12.0 percent, well above its 50-day moving average. With the euro under pressure, the dollar has been the chief beneficiary. An index that measures the dollar against a basket of major currencies edged up to 82.461 (.DXY), the highest level since September 2010. Against the yen, the dollar was steady at 79.62 yen, supported by Tokyo importers and investors squaring positions ahead of a long holiday weekend in the United States. Sell offers around 80.00 yen were poised to cap any further gains, traders said. The euro was flat against the Swiss franc at 1.2009 francs, having jumped to 1.20769 francs on Thursday, its highest level since mid-March on market talk the Swiss government is going to impose a tax on deposits and chatter that the Swiss central bank initiated a short squeeze in the pair. Traders said the Swiss National Bank has been buying euros in the past few weeks to protect the floor at 1.20 francs, although some investors were still piling on bets through the options market that the peg will be breached in coming days if the euro zone crisis escalates. May 25, 2012 14:00 OctaFX.Com News Updates

OctaFX Champion Demo Contest: registration for Round 2 is up and running! Dear clients! As the 1st round of OctaFX Champion Demo Contest goes on, everyday we see the battle of the traders from all around the world taking new twists and getting more and more intriguing! You can take part in the contest! Registration for Round 2 of OctaFX Champion Demo Contest is up and running now. Please follow this link to join! Hurry up to register and take part in the Round 2 of the amazing OctaFX Champion Demo Contest! It might be you who wins the prizes from OctaFX this time, namely: 1st prize gets 500 USD 2nd prize gets 300 USD 3rd prize gets 100 USD The last place gets another 100 USD Round 2 of OctaFX Champion Demo Contest will be started on the 4th of June 2012. You can still register today and compete with the strongest traders from all around the world! Good luck everyone and let the strongest win the contest! Register now and become OctaFX Champion!

OctaFX.Com -Australian Dollar Cross Pick 05.24.2012 We took another shot at shorting the AUDNZD as it appears to be carving out a lower top just below the 50.0% Fibonacci retracement from the 2011 high to low around 1.3050, and we’re currently short from 1.3000 as the relative strength index continues to come off of overbought territory. We’ve set our stop at 1.3060 should we see another run at the 50.0% Fib, but have left an open target as we expect to see fresh yearly lows in the exchange rate. As we remain bearish against the AUDNZD, we will look to add to our position on the way down and will take additional shorts around the 1.2900 figure. May 24, 2012 15:05 OctaFX.Com News Updates

Exclusive: Eurozone tells members to make contingencies for "Grexit" OctaFX.Com -Exclusive: Eurozone tells members to make contingencies for "Grexit" BRUSSELS (Reuters) - Euro zone officials have told members of the currency area to prepare contingency plans in case Greece decides to quit the bloc, an eventuality which Germany's central bank said would be "manageable". Three officials told Reuters that the instruction was agreed on Monday by a teleconference of the Eurogroup Working Group (EWG) - experts who work on behalf of the bloc's finance ministers. "The EWG agreed that each euro zone country should prepare a contingency plan, individually, for the potential consequences of a Greek exit from the euro," said one euro zone official familiar with what was discussed. The news comes at a highly sensitive time, just hours before EU leaders gather to try to breathe life into their struggling economies at a summit over dinner on Wednesday. Although minds will be focused by the prospect of Greece exiting the currency area, which has earned the monicker "Grexit" and is something policymakers say they want to avoid, disagreements over a plan for mutual bond issuance and other measures to alleviate two years of debt turmoil have already been laid bare. In its monthly report, Germany's Bundesbank said the situation in Greece was "extremely worrying" and it was jeopardizing any further financial aid by threatening not to implement reforms agreed as part of its two bailouts. It said a euro exit would pose "considerable but manageable" challenges for its European partners, raising pressure on Athens to keep its painful economic reforms on track. Greek officials have said that without outside funds, the country will run out of money within two months. For the first time in more than two years of debt-crisis meetings, the leaders of France and Germany have not huddled beforehand to agree positions, marking a significant shift in the Franco-German axis which has traditionally driven European policymaking. Instead, new French President Francois Hollande met Spanish Prime Minister Mariano Rajoy in Paris to discuss policy, before the pair travel to Brussels for the 1800 GMT summit. Despite fears Greeks could open the exit door if they vote for anti-bailout parties at a June 17 election, Spain, where the economy is in recession and the banking system is in need of restructuring, is at the frontline of the crisis, with concerns growing that it too could need bailing out. After meeting Hollande, Rajoy said he had no intention of seeking outside aid for Spain's banks. Hollande's election victory has significantly changed the terms of the debate in Europe, with his call for greater emphasis on growth rather than debt-cutting now a rallying cry for other leaders. That has set up a showdown with German Chancellor Angela Merkel, who supports growth but whose primary objective is budget austerity and structural reform. At his first EU summit, Hollande has chosen to make a stand on euro bonds - the idea of metalizing euro zone debt - despite consistent German opposition to an idea that has been hotly debated for more than two years. He will have support from Italian Prime Minister Mario Monti and European Commission President Jose Manuel Barroso, among others. But Merkel shows no sign of dropping her objections to the proposal, which she has said can only be discussed once there is much closer fiscal union in Europe. The Netherlands, Finland and some smaller euro zone member states support her. "Introducing euro bonds is the equivalent of ringing the bell for a happy hour so the inebriated can postpone their hangover indefinitely," one EU diplomat said. NO MAJOR DECISIONS No decisions will be made at Wednesday's summit, which is intended to promote ideas on jobs and growth ahead of another meeting at the end of June, but it is clear the debate will be intense, not just over euro bonds but over how to rescue European banks and whether to give more time to struggling euro zone countries to meet their budget deficit goals. Officials tried to play down any prospect of a rift. "This shouldn't be a tense discussion because it's a broad debate about propositions that are on the table. We are not there to negotiate or take decisions," a French presidential adviser said. "Germany today is not firmly against euro bonds forever, and that's what makes a discussion possible. What is the time frame and what (budget) commitments would we require, that's what the discussion will be based on." Having rallied on Tuesday, European stocks dropped 1.6 percent as investors priced in a lack of dramatic policy intervention. Spanish and Italian borrowing costs rose in turn. A German two-year debt auction gave a stark illustration of how money is dashing for safe havens. Investors snapped up the 4.5 billion euros of paper on offer even though it came with a zero coupon - offering no return at all. As well as exploring ways of resolving the sovereign debt problems that have torn the economies of Greece, Portugal and Ireland apart, the leaders will assess how to stabilize their banking systems. Spain is a particular concern, with a number of its banks laden with bad debts from a property boom that turned to bust and still has some way to go before it touches bottom. One proposal on the table is for the euro zone's rescue funds to be allowed to recapitalize banks directly, rather than having to lend to countries for on-lending to the banks. But that is another idea with which Germany is uncomfortable, even though Merkel said on Tuesday a way should be found to dismantle banks across borders, a possible nod to a pan-euro-zone bank restructuring scheme. With the euro zone registering no growth in the first quarter of the year and threatening to slip back into recession, the formal summit agenda is jobs and growth, with policymakers touting three ideas they hope will provide near-term stimulus: - 'Project bonds' backed by the EU budget to finance infrastructure projects alongside private sector investment. - Doubling the paid-in capital of the European Investment Bank, the EU's co-financing arm, to a little over 20 billion euros. - Redirecting structural funds which tend to flow to poorer countries, to other areas where it might reap more immediate growth rewards. Even if all three proposals were to be activated quickly economists and analysts say they will not provide a sufficient shot in the arm to the euro zone and wider EU economy. "The hard truth is that there are no magic solutions to solving this crisis. We will all have to keep our spending in check, pay off our debts and swiftly introduce healthy reforms. This is what will kickstart growth," Dutch Prime Minister Mark Rutte said. May 23, 2012 12:22 OctaFX.Com News Updates

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OctaFX.Com - Euro rises from 4-month low against dollar OctaFX.Com - OctaFX.Com - Euro rises from 4-month low against dollar Euro rises from a 4-month low vs dollar even as worries about Europe's debt crisis continue NEW YORK (AP) -- The euro is rising against the dollar despite ongoing concerns about Europe's debt crisis. The euro rose to $1.2782 in afternoon trading Monday from $1.2737 late Friday. The euro hit a four-month low against the dollar on Thursday. The euro has fallen about 2.5 percent against the dollar since anti-bailout political parties made gains in elections in Greece in early May. But Greek leaders weren't able to form a new government, so Greece will hold new elections next month. Over the weekend, leaders from eight of the world's biggest economies meeting in Washington failed to create a plan to ease Europe's debt crisis. In other trading, the British pound fell to $1.5798 from $1.5803. The dollar rose to 79.31 Japanese yen from 79.08 yen. May 21, 2012 17:26 OctaFX.Com News Updates

OctaFX.Com -Euro slides but may see short-term bounce Euro slides but may see short-term bounce NEW YORK (Reuters) - The euro weakened against the dollar on Monday, weighed down by concerns about Greece and Spain's debt problems, although key technical signals and overextended bearish positioning suggested a short-term bounce. Speculators who had piled up a record amount of bets against the euro cut some of those positions, rising from last week's four-month low and giving the currency a respite from this month's relentless selling. The euro has fallen in six of the last seven sessions, down nearly 4 percent so far this month. "Euro/dollar made an important double bottom and the positioning is definitely getting stretched," said Brad Bechtel, managing director, at Faros Trading in Stamford, Connecticut. "Many will not shake out too much on the positioning given deep imbedded gains, but it is a currency that likes its double tops and bottoms, so we could be in a for a good-sized bounce." In early New York trading, the euro fell 0.4 percent at $1.2734, well above Friday's low of $1.2640. A break below the nearby 2012 low of $1.2624 would take the shared currency back down to levels not seen since August 2010. Bechtel said offers on the euro are thick above $1.2880 and above $1.2950. "I ... still think it (euro) is a sell on rallies, not just against the dollar but also the yen," said Jeremy Stretch, head of currency research at CIBC World Markets. "That 2012 low is still the target and the euro would need a catalyst for that. That could come if the informal (EU) leaders' meeting this week offers no consensus (on tackling the euro zone debt crisis)." French President Francois Hollande and some other euro zone leaders are expected to promote the idea of metalized European debt at an informal summit in Brussels on Wednesday, although Germany reiterated its opposition to the idea on Monday. The euro zone crisis has escalated since inconclusive Greek elections on May 6 raised questions over whether Greece will stay in the bloc. Concerns about the fragility of the Spanish banking sector have also weighed on sentiment. The Group of Eight leading economies over the weekend, however, backed Greece to stay in the euro zone. The G8 countries also stressed that their "imperative is to promote growth and jobs," which means far less in the way of austerity measures that have plunged some euro zone economies into recession. The euro drew little support from those comments, with investors viewing the statements as short on detail and long on rhetoric. Overall, the focus on growth could mean far more involvement of the European Central Bank in terms of stimulus measures, analysts said, and a weaker euro. Chinese Premier Wen Jiabao called on Sunday for additional efforts to support growth, but concerns about the slowdown in emerging economies remained. RECORD SHORT POSITIONS Investors dumped the euro in recent weeks with many seeking the relative safety of the dollar, the yen and even sterling. The euro was flat against the yen at 100.96, having hit a 3-1/2 month low 100.219 yen on Friday. The U.S. Commodity Futures Trading Commission said on Friday speculators' short euro positions climbed to 173,869 contracts, the highest on record, while their bets in favor of the dollar against other currencies also rose to a high not seen since at least mid-2008. "The outlook for the euro is still extremely vulnerable," said Jane Foley, senior currency strategist at Rabobank. "The market is getting a bit more optimistic ahead of the EU summit and looking for signs policymakers may announce some policies that will support the system. But they won't be able to solve the crisis in one fell swoop." With sentiment fragile across global markets, investors preferred the safe-haven dollar, which rose 0.4 percent to 79.2 yen, well above a three-month low around 79.00 set on Friday. May 21, 2012 13:35 OctaFX.Com News Updates

OctaFx -U.S. stocks rise on data, euro turns on Greek hope Greek euro zone exit unlikely, say money market traders BANGALORE (Reuters) - A slim majority of euro zone money market traders surveyed regularly by Reuters reckon Greece will still be in the euro zone at the end of 2013, a poll showed on Monday. Fourteen of 22 euro money market traders said Greece would not abandon the euro either this year or next - an event once seen as unthinkable but is now being openly discussed as the country battles political and economic upheaval. A summit of the G8 leading industrialized nations came down solidly in favor of a push to balance European austerity with a new dose of U.S.-style stimulus seen as vital to healing ailing euro zone economies. The consensus among traders is in-line with a similar poll of economists taken last week, where a slim majority - 35 out of 64, said Greece would still be in the euro zone by the end of next year. In the regular weekly survey, traders expect the European Central Bank (ECB) to allot 40 billion euros this week in its seven-day operation, a little lower than the 42.99 billion euros maturing from last week's. May 21, 2012 13:01 OctaFX.Com News Updates

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OctaFx - Euro knocked by Greece worries, more losses likely LONDON (Reuters) - The euro fell to a four-month low against the dollar on Wednesday and risked more losses on the prospect of prolonged political instability in Greece that could result in the country exiting the euro. With Greece announcing fresh elections next month and investors concerned about the knock-on effects of a Greek euro exit for economies like Spain and Italy, investors fled the euro and sought the perceived safety of the dollar and the yen. The dollar rose to its highest in four months against a basket of currencies, while the euro also hit a three-month low versus the yen. The euro dropped to $1.2681 against the dollar on EBS trading platform, which left it on track to test the January low of $1.2624, below which would mark the euro's lowest level since August 2010. However, it recovered to last trade at $1.2710, with traders wary of investors taking profit on hefty short euro positions which could send it temporarily higher. So far this month, the common currency has lost more than 4 percent of its value. "There is a degree of magnetic attraction to the January low, but we may see a little squeeze higher before that," said Jeremy Stretch, head of currency strategy at CIBC. "The bias is still for a lower euro and a $1.26 target for mid-year looks pretty appropriate". The euro also fell to 101.904 yen before recovering to 102.18 yen. Traders cited euro buying by hedge funds and institutional investors, but they said the broader trend for euro weakness remained intact. Greek political leaders will meet on Wednesday to form a caretaker government to lead the country into its second election, likely in mid-June, after the failure of last-ditch negotiations to form a technocrat government. "The uncertainty around the political situation in Greece continues to undermine risk appetite, which is affecting a range of currencies," said Paul Robson, currency strategist at RBS. "There is uncertainty around the willingness of the euro zone paymasters to keep a country in the euro if it doesn't like fiscal austerity. It seems unlikely that Greece can back out of austerity and stay in the euro." STERLING FALLS Sterling underperformed other currencies after the Bank of England issued a weaker growth outlook in its quarterly inflation report while governor Mervyn King warned the turmoil in the euro zone posed a risk to the UK economy. This helped the euro recover from a 3-1/2 year low against the UK pound, which also fell to a four-week low versus the dollar of $1.5889. The dollar was broadly stronger as Greece worries left investors inclined to shun riskier currencies, with the dollar index (.DXY) rising to 81.573, its highest since mid-January. It also performed well against the yen, rising to a two-week high of 80.45, roughly one yen above the 2-1/2 month low of 79.428 yen hit last week, and hit a four-month high against the Swiss franc of 0.9471 francs. Risk aversion and worries about slowing global growth weighed on higher-yielding currencies like the Australian and New Zealand dollars, which fell to five-month lows against the U.S. dollar. May 16, 2012 08:50 OctaFX.Com News Updates

OctaFx -Greek contagion fears send euro, shares lower LONDON (Reuters) - Fears that a Greek exit from the euro zone will worsen the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds into safe havens like the U.S. dollar. The euro dipped below $1.27 to a four-month low, the main index of top European shares, the FTSE Eurofirst 300 (.FTEU3), touched its lowest level for 2012, while U.S. stock futures pointed to a weak day on Wall Street. The probability that Greece will leave the single currency rose markedly after political leaders in Athens failed on Tuesday to form a government, forcing another round of elections. Opinion polls show this is likely to be won by leftist parties opposed to the country's bailout deal. In response, markets have moved to price in a Greek exit from the 17-member bloc, but are uncertain about the impact this will have on the rest of the region, while big investors have largely retreated to the sidelines, adding to the volatility. "The idea that you can contain the spillover, the contagion, into the likes of Portugal, the likes of Spain, I just don't see that as being feasible," said James Ashley, senior European economist at RBC Capital Markets. Peripheral euro zone sovereign bonds have taken the brunt of the selling pressure as some investors withdraw to safe havens like German government debt. Price moves were most pronounced in the market for insuring bonds against a potential default. The Italian five-year Credit Default Swap (CDS) was 16 basis point (bpts) higher at 510 bpts in European morning trade, while the Spanish 5-year CDS widened 4.5 bpts to hit an all time peak of 546 bpts. In the cash market moves were less dramatic, with 10-year Spanish bond yields easing to 6.35 percent after making big gains on Tuesday. The Italian equivalent debt was little changed at 6.01 percent. The yield spread of all major emerging sovereign bonds over safer U.S. Treasuries however widened to be near 3-1/2-month highs of 386 basis points. "The re-weighted probability of Greece leaving EMU has led to a sharp widening of government bond spreads, suggesting that long-term capital is leaving the periphery of Europe," Morgan Stanley said in a note to clients. There were also signs in Athens that the prospect of a rapid devaluation of any new currency if the country leaves the euro was concerning ordinary Greeks. Central bank head George Provopoulos told political leaders savers had withdrawn at least 700 million euros ($894 million) from the nation's banks on Monday. The euro dropped to $1.2681 against the dollar putting it on track to test the January low of $1.2624, below which would mark the euro's lowest level since August 2010. "The bias is still for a lower euro and a $1.26 target for mid-year looks pretty appropriate" said Jeremy Stretch, head of currency strategy at CIBC. The dollar rose to its highest in four months against a basket of currencies (.DXY), while the euro also hit a three-month low versus the yen. GROWTH IMPACT The potential for a "disorderly" outcome, either directly from Greece leaving the euro or as related contagion worsens the already stagnant euro zone economy, has sent tremors through world equity and commodity markets. Emerging market stocks as measured by the MSCIEF index (.MSCIEF) plunged 2.58 percent, with the index close to erasing all its year-to-date gains on its way to posting its biggest one-day loss in six months. Weakness in Asian share markets sparked by the Greek crisis have already pushed MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> down 3.3 percent to a four-month low. MSCI's global equity index <.MIWD00000PUS> was down 0.9 percent to 304.95 and is now up less than 2 percent for the year to date. European shares were hit by a broad-based sell-off, with the FTSEurofirst 300 index (.FTEU3) down 0.7 percent to 990.54 points, having also dropped 0.7 percent on Tuesday. Spain's IBEX 35 (.IBEX) fell 0.5 percent while Italy's FTSE MIB (.FTMIB) weakened by 1.7 percent. Oil prices slid along with world shares and industrial commodities like copper in the general move away from riskier assets, but its fall was accentuated by a surprise build in U.S. crude inventories. Brent crude was down $1.21 at $111.03 a barrel and U.S. oil was down $1.52 to $92.46 a barrel. Brent crude oil fell to $110.82 cents a barrel and gold extended its losses to be down $13.34 at $1,530.76 an ounce, its weakest level since late December. Gold gained nothing from flows into safe havens and fell for a fourth straight day to its lowest since late December as investors sold the precious metal to profit from the strength in the U.S. dollar. Spot gold was down 0.6 percent at $1,534.54 an ounce, having dropped by nearly 3.8 percent in the last four days - its longest stretch of consecutive losses in nearly five months. May 16, 2012 07:31 OctaFX.Com News Updates