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UK BBA Mortgage Approvals rise in May, miss expectations FXStreet (Mumbai) - The number of loans for house purchases increased in May, driven by post-election political and economic certainty, and increased buyers' appetite. In May, the number of mortgage approvals rose to 42,530, up from 42,020 in April, but less than estimated, according to the British Banking Association (BBA) report published on Wednesday. Richard Woolhouse, chief economist at the BBA, state, "The increase in mortgage approvals this month is consistent with the trend we’ve seen since the start of the year. The numbers show that the property market remains buoyant after the general election. Fierce competition between lenders means that there are some great mortgage deals available from the high street banks." June 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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US: New home sales rises 2.2% in May FXStreet (Córdoba) - Sales of new homes in US grew by 2.2% in May to a seasonally adjusted 546,000, reaching its highest level since February 2008. New home sales beat expectations of 523,000 compared with a prior estimate of 517,000 for April, which was upwardly revised to 534,000. June 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD tests lows near 1.2300 FXStreet (Edinburgh) - After an ephemeral visit to the 1.2300 neighborhood, USD/CAD has now returned to the 1.2340 area. USD/CAD recovers post-US data The pair has quickly reversed the knee-jerk to the vicinity of 1.2300 the figure after US Durable Goods Orders missed expectations during the last month. In fact, Orders contracted 1.8% on a monthly basis vs. a 0.5% gain forecast-ed, while Orders excluding the Transportation sector advanced 0.5% MoM vs. 0.6% anticipated. Next of note in the pair will be New Home Sales (525K exp.) followed by the flash Markit’s manufacturing PMI for the current month. USD/CAD levels to consider At the moment the pair is up 0.29% at 1.2347 and a breakout of 1.2360 (high Jun.15) would aim for 1.2442 (high Jun.9) and then 1.2472 (high Jun.8). On the other hand, the immediate support lines up at 1.2307 (low Jun.23) ahead of 1.2127 (low Jun.18) and finally 1.2072 (76.4% of 1.1920-1.2563). June 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US durable goods orders fall 1.8% in May FXStreet (Mumbai) - The data reported by the US commerce department showed today that orders for durable goods in May dropped 1.8% after a downwardly revised 1.5% fall in April. The headline figure was expected to drop 1.0% in May. Though the headline figure dropped, the orders for non-defense capital goods excluding aircraft, a proxy for future business investment, rose 0.3%. Orders for such goods were projected to rise 0.5%. Bookings for non-military capital goods excluding aircraft rose 0.4% last month after a 0.3% decrease in April. The drop in the headline figure was largely due to a drop in the volatile aircraft category. Orders for business equipments continued to rise for the second month, which is slightly positive. June 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD around 1.1200 on US data FXStreet (Edinburgh) - The offered tone remains intact around the dollar on Tuesday, with EUR/USD hovering over the 1.1200 handle. EUR/USD muted on poor US data The pair keeps the range despite US Durable Goods Orders disappointed markets during the month of May, contracting 1.8% inter-month vs. forecasts for a 0.5% contraction. Orders excluding the Transportation sector have expanded 0.5% on a monthly basis vs. 0.6% initially anticipated. Next of relevance in the US calendar will be New Home Sales (525K exp.) and the flash print of the manufacturing PMI gauged by Markit. EUR/USD levels to consider As of writing the pair is down 1.49% at 1.1170 with the next support at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and then 1.1049 (low Jun.5). On the other hand, a breakout of 1.1349 (high Jun.23) would open the door to 1.1404 (high Jun.22) and finally 1.1421 (high Jun.18). June 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold drops in line with other safe havens FXStreet (Mumbai) - Gold continued its steady decline to hit a session low of USD 1179.5/Oz, in line with the similar weakness seen in other traditional safe havens – JPY, CHF, Treasuries, Bunds. Focus on US data Investors await the US durable goods report, which is expected to show a contraction of 0.5% in May. The durable goods report will be followed by the preliminary manufacturing data and new home sales report. Apart from the US data, the broader market sentiment with regards to the safe havens would also impact the metal. Moreover, safe haven assets have been ditched in the European session after optimism surrounding Greek deal triggered risk-on rally in the equities. Gold Technical Levels The immediate support is seen at 1175.9, under which the metal could extend the drop to 1172.6. On the flip side, a break above 1186.4 could drive the metal higher to 1187.11 (hourly 200-MA). June 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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No formal decision on Greece expected to come from today’s summit FXStreet (Córdoba) - Heading into the European leaders summit, French President Hollande and German Chancellor Merkel agreed that there is potential for a Greek deal, but latest proposals are insufficient to make a decision today. French President Francois Hollande said that no formal decision will come from today’s summit but it will open the way for resolution. Hollande's comments echoed German Chancellor Angela Merkel's who stated that there is potential for a deal with Greece, but proposals are insufficient to make a decision today. June 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD: Embarking on a very constructive bullish signal FXStreet (Guatemala) - Analysts at Rabobank, while waiting for Eurozone officials to start their emergency summit on Greece, gave us a look at EUR/USD from the perspective of technical analysis. Key Quotes: The price action on the weekly chart resembles an inverted head and shoulders formation. Admittedly, it is not an example that one would necessary use if/when writing a book about technical analysis, but the trendline resistance marked on our chart at 1.1440~ stands out as crucial at this stage. This could be a neckline with the left shoulder at 1.11~ (set in January) and the right shoulder at 1.0819 (end of May low) forming an inverted H&S formation. A break above the neckline/trendline resistance would be a very constructive signal for EUR/USD. June 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD having worst day in two weeks FXStreet (Córdoba) - Cable remains near the lows unable to recover as the euro rises across the board on hopes of a deal between Greece and its creditors. GBP/USD recently attempted to recover but it was capped by 1.5845 and retreated. Currently trades at 1.5815/20, approaching daily lows that lie slightly above 1.5800. Greenback remains mostly in positive territory in the market on Monday, but the euro outperformed during the last hour, after the Eurogroup press conference. During the last hour EUR/GBP rallied and climbed above 0.7200 weakening the demand of the pound in the market. GBP/USD rally pausing The pair is falling 55 pips so far on Monday, enough to put it on the way to the worst performance of the pound against the US dollar in two weeks. The rally of the pair from 1.5250 found resistance last week below 1.5950 and is now retreating but still holding a bullish tone in the medium term. June 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Greece economy minister says new proposals have broken the deadlock - BBC FXStreet (Barranquilla) - The USD/CAD is trading now on the positive field following the upbeat US housing data; After falling 50 pips in the European session, the US Dollar finally found buyers against the Canadian Dollar as the pair bounced off 1.2215 to price at daily highs above 1.2280. Existing home sales rose 5.1% in May, well above expected. Annual rate is now 5.35M, the highest since August 2013. On the other hand, Europe consumer confidence was reported down to -5.6 in June; the worse since February. Currently, USD/CAD is trading at 1.2282, up 0.12% on the day, having posted a daily high at 1.2288 and low at 1.2217. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. USD/CAD Forecast Anil Panchal from Admiral Markets said in the latest USD/CAD Forecast Poll that the "failure to break 1.2170-60 horizontal mark could pullback the pair towards 1.2400 region." In addition, according to JPMorgan, Labor market creating inflationary pressures; Fed rate hike in September; most vulnerabilities of the non-USD; and illiquidity made the case for a stronger dollar. USD/CAD Level If the USD/CAD manages to extend gains, resistances are at 1.2300, 1.2350 and 1.2360. To the downside, supports are at 1.2215, 1.2200 and 1.2140. June 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Housing Data reaction: USD/CAD trades at daily highs FXStreet (Barranquilla) - The USD/CAD is trading now on the positive field following the upbeat US housing data; After falling 50 pips in the European session, the US Dollar finally found buyers against the Canadian Dollar as the pair bounced off 1.2215 to price at daily highs above 1.2280. Existing home sales rose 5.1% in May, well above expected. Annual rate is now 5.35M, the highest since August 2013. On the other hand, Europe consumer confidence was reported down to -5.6 in June; the worse since February. Currently, USD/CAD is trading at 1.2282, up 0.12% on the day, having posted a daily high at 1.2288 and low at 1.2217. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. USD/CAD Forecast Anil Panchal from Admiral Markets said in the latest USD/CAD Forecast Poll that the "failure to break 1.2170-60 horizontal mark could pullback the pair towards 1.2400 region." In addition, according to JPMorgan, Labor market creating inflationary pressures; Fed rate hike in September; most vulnerabilities of the non-USD; and illiquidity made the case for a stronger dollar. USD/CAD Level If the USD/CAD manages to extend gains, resistances are at 1.2300, 1.2350 and 1.2360. To the downside, supports are at 1.2215, 1.2200 and 1.2140. June 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/CHF rises to fresh session high of 1.0472 FXStreet (Mumbai) - The shared currency is gaining ground against the safe haven CHF, taking the EUR/CHF pair to a fresh session high of 1.0472 levels. EUR/CHF takes out hourly 100-MA resistance During the move higher, the pair took out the hourly 100-MA resistance located at 1.0456. The common currency is being bought against the safe haven currency after the EU chief expressed confidence that a deal with Greece would be reached by this weekend. Moreover, the EU chief’s statement helped weaken the bid tone on the Swiss Franc, leading to an unwinding of a safe haven CHF longs. EUR/CHF Technical Levels The immediate resistance is located at 1.0474 (hourly 200-MA), above which the pair could target 1.048. On the flip side, a break below 1.0464 could see the pair re-test its hourly 50-MA located at 1.0451. June 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Reasons for a stronger dollar – JP Morgan FXStreet (Edinburgh) - Analysts at JP Morgan exposed their reasoning backing a firmer USD in the upcoming periods. Key Quotes “The reasons we still project further USD strength beginning at some point this summer are the following:” “(1) the labour market should create inflation pressures that the Fed would start responding to probably in September;” “(2) as the Fed responds, it will still be the only central bank hiking in H2;” “(3) most vulnerabilities of the non-USD currencies (high valuations, negative real policy rates, current account deficits) persist two years after the taper tantrum; and” “(4) illiquidity could exaggerate bond and FX moves in an otherwise dull Fed cycle where modest and gradual seem the buzzwords”. June 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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OctaFX Champion - Learn from our Round 39 OctaFX Champion Demo contest success stories! We are happy to share the success stories of our Round 39 champions. Some of their pieces of advice could be inspiring and useful for traders of different levels. Let us remind you the names of the winners: 1st place with the award of 500 USD goes to Mr. Ruchan Syahroni from Indonesia 2nd place with the award of 300 USD goes to Mr. Krismono Indra Jayanto from Indonesia 3rd place with the award of 100 USD goes to Mr. Imam Sumaranto from Indonesia The last runner in the contest, Mr. Shahidul from Bangladesh is granted 100 USD We would like to thank the traders for sharing their success stories, as we believe that by doing so we can build a trading community of proficient traders.We hope that these stories got you inspired! Join OctaFX Champion Demo contest to find your story in our news next month! 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!

EUR/USD hits session low of 1.1291 FXStreet (Mumbai) - The EUR/USD pair finally breached 1.13 levels to print a low of 1.1291 before recovering back to 1.13. USD strengthens on safe haven bids The US dollar continues to strengthen on an increase in demand for safe haven treasuries amid Greek issue. This is the reason why the shared currency weakened despite of a larger fall in the US Treasury yields. The US-German yield spread which stands at 153 basis points, largely unchanged on the day has does not have an impact on the EUR/USD pair, since the fall in Treasury yields is mainly on account of safe haven bids. Ahead in the day, the empty US calendar leaves the pair at the mercy of the market’s appetite for the US dollars. EUR/USD Technical Levels The immediate support is seen at 1.1293 (23.6% Fib R of 1.3991-1.0461), under which the pair could target 1.1228. On the flip side, a break above 1.1343 (hourly 50-MA) could see the pair re-test 1.14. June 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold hovers around USD 1200/Oz FXStreet (Mumbai) - Gold prices trade around USD 1200/Oz levels, largely unchanged on the day, as the exhaustion over the Greek impasse ahead of the weekend zapped volatility in the markets. Supported by safe haven appeal The metal, along with other traditional safe haven assets like the treasuries, Swiss Franc, and the Yen, is heading into the weekend on a positive note. The Greek impasse has led to an exhaustion of sorts in the markets ahead of the June 30 deadline. Moreover, the safe haven bids, along with the weakness in the US dollar pushed the metal to a weekly high of USD 1205.8/Oz. At the moment, a positive weekly close is more or less confirmed, unless a breakthrough deal between Greece and its creditors weighs over safe haven assets. Gold Technical Levels The metal currently trades at USD 1200.4/Oz. The immediate resistance is located at 1208.6 (May 25 high), above which gains could be extended to 1215.1 (Apr. 28 high). On the flip side, a break below 1192.80 (50-DMA) could open doors for 1185.00. June 19,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX ECN trading! What is ECN/STP trading? It is a broker's business model (which, generally, makes the difference between brokers and "market makers"), in which clients' orders are sent directly to one or several liquidity providers to be executed on their end. There may be an unlimited number of liquidity providers (that is, banks, aggregators, other financial institutions). The more liquidity providers a broker has, the better the execution for its clients (more liquidity available, less slippage). What makes a true STP broker is that it doesn't internalize the orders, but sends them to liquidity providers, acting as an intermediary between the client and the real market. Do you have requotes? No, we don't. Any broker who re-quotes your orders is definitely a dealing desk broker. A requote occurs whenever the dealer on the other side of the trade (whether human or automatic) sets an execution delay during which the price changes. Therefore he can't open your order and sends you a message that the price has changed. That is, a requote. You usually get a new price which can be significantly different from the one you requested (especially when the market is volatile). In most cases it's not profitable for the trader but quite profitable for the broker. OctaFX doesn't have any requotes simply because we don't have a dealing desk, human or automatic (a piece of software usually referred to as a virtual dealer, automatic dealer and so on). Click Here for more info about ECN Trading! What is slippage and why does it happen? Slippage is a slight order opening price movement which is a result of lack of liquidity (when it's already taken by other traders' orders). It may also happen during market gaps. It is important to understand that we do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill it with the next best price from another liquidity provider. So during these news times it's possible that there will be no liquidity available at the price you requested. Let's say you want to open a 5 lot Buy order, EUR/USD, price is 1.30000. Now, in this case we can see the following liquidity available: Provider 1: price is 1.30010, 20 lots available Provider 2: price is 1.30005, 5 lots available Provider 3: price is 1.30000, 1 lot available In this case your order will be offset with Provider 2, since he has the best price and enough liquidity to fill your order. And the open price will be 1.30050, which is 0.5. pips away from the price you requested. But, again, your order will not be requoted, since we are more interested in your profitable trading. Why don't you guarantee stop orders? Again, in the real market there is no such thing as a "guaranteed stop"; it is offered by dealing desks only. As stated above, market makers do not offset your orders anywhere, rather they keep them inside. So when your "guaranteed" stop loss is triggered, it means that your whole loss amount is already in the dealer's pocket. This causes so-called "stop-loss hunting" practice. The dealing desk can see where your stop orders are, so it's easy for them to manipulate the price, so that it hits your stop-loss. In real market any stop order is considered as pending until its price is hit. After that the order is offset to a liquidity provider (which, again, may or may not involve slippage depending on the available liquidity). Therefore it's simply impossible to either "guarantee" or "hunt" your stop orders. 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! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

EUR might move sharply lower if Grexident risk increases – BTMU FXStreet (Barcelona) - Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that any Euro downside risks will increase significantly if situation regarding Greece escalates. Key Quotes “The longer it takes to reach an agreement, the greater the negative impact on the Greek economy and potential for negative spillovers across the euro-zone. While we do not expect Greece to leave the euro-zone, developments could escalate materially before an agreement is reached increasing the risk of a Grexident. The euro would likely come under increasing downward pressure bringing an end to its current period of consolidation.” “Implied euro volatility remains elevated in the nearterm providing a signal that the spot rate could begin to move more sharply.” June 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY: break below 122.46 required for additional declines – Scotiabank FXStreet (Barcelona) - Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank, notes that although short-term technicals point towards a neutral-bearish outlook for USD/JPY, the pair requires a push below 122.46 to see declines towards 121.56. Key Quotes “JPY is up, rising in response to the post-Fed adjustment in light of a more gradual normalization path. Risk now turns to the BoJ policy decision at 11:00pm EST, with expectations of a steady policy stance and potential for an improved tone in light of stronger Q1 GDP data.” “USDJPY short-term technicals: neutral-bearish—RSI has broken below 50, however USDJPY has yet to break to downside of June 10 range with focus on low at 122.46. A test of this level would shift the focus to the May 26 open 121.56.” June 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD supported by soft US CPI data – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, explains that EUR/USD’s upside advance found some additional support after US CPI came out below expectations, and in spite of technicals losing upward strength, a higher move towards 1.1466 might be expected in the pair. Key Quotes “The dollar extended its decline this Thursday, weighed by Wednesday's FOMC economic policy announcement. There were no relevant fundamental releases in Europe, exception made by more doom headlines coming from Greece and its creditors, as IMF Lagarde, set that the last date to reach a deal is June 30th, something the market already knew.” “The EUR/USD pair advanced up to 1.1419, with the European opening maintaining its gains and consolidating ahead of US inflation figures for May that resulted worse than expected: annual inflation came out at 0.4% against expectations of a 0.5% increase, whilst the annual reading came out flat at 0.0%. Also, weekly unemployment claims resulted better than expected at 267K for the week ending June 12, but poor inflation figures were enough to trigger another round of dollar selling.” “The pair extended its advance after the release, maintaining a short term bullish tone, as the 1 hour chart shows that the technical indicators are resuming their advances, whilst the price holds above a strongly bullish 20 SMA.” “In the 4 hours chart, the technical indicators are losing their upward strength well above their mid-lines, although higher highs support an upward continuation towards 1.1466 last May high.” “Support levels: 1.1385 1.1350 1.1320” “Resistance levels: 1.1465 1.1490 1.1530” June 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD clings to 1.5900 FXStreet (Córdoba) - GBP/USD is going through a consolidation phase around the 1.59 mark, extending gains into a fifth consecutive day as investors continue to digest FOMC policy meeting. GBP/USD climbed to its highest level since Nov 2014 at 1.5929 but found resistance and entered a consolidation phase in early American trade. Despite upbeat jobless claims and current account data, US consumer price figures came in below expectations adding pressure on the dollar. GBP/USD levels to watch At time of writing, GBP/USD is trading at 1.5893, recording a 0.40% gain on Thursday. On the upside, next resistance levels are seen at 1.5944 (Nov 11 2014 high) and 1.5996 (Nov 6 2014 high). On the downside, supports could be found at 1.5805 (Jun 18 low), 1.5655 (100-hour SMA) and 1.5624 (Jun 17 low). June 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Eurogroup Meeting: Trilemma between austerity, reform and debt relief – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team comments on the ongoing Greece crisis, noting that Merkel is now appearing to take control of the negotiations just as Tsipras did by removing the Greece FM. Key Quotes “It is nearly a foregone conclusion that today’s Eurogroup meeting will not provide closure for the Greek crisis. Merkel’s speech to the German parliament today showed no sign that the creditors are yielding. The EU Summit a week from now is the next real opportunity. This is important. Just as Greece’s Tsipras had removed his finance minister from negotiations in the hope that it created a less antagonistic atmosphere, so too now does Merkel appear to be taking control of the negotiations from her finance minister.” “Known for her caution, and moving at the last possible moment, as she did with Greece back in 2010-2011, Merkel may have waited too long this time as positions have hardened, and trust has been further eroded. Ultimately, national interests are involved. Germany is acting like a creditor and Greece is acting like a debtor. When the shoes were on different feet, Germany acted like a debtor and Greece a creditor. Each drapes their position in moralistic terms.” “We continue to believe that a Greek exit would be more costly for Europe and Greece than a compromise here. There is a trilemma playing out between, austerity, reform, and debt relief.” June 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!