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US Industrial Production in May expected to see the first advance in six months - TDS FXStreet (Barcelona) - Previewing the US data releases ahead in the day, the TD Securities Team expects the industrial production data to see a 0.3%mom increase in May. Key Quotes “Industrial production is forecast to have increased by 0.3% m/m in May (in line with market expectations) the first advance in this series in six months, led by manufacturing. Capacity utilization is expected to increase to 78.5%.” “The June edition of the Empire Manufacturing Index will also be released and here the market is looking for an increase to 6.0 from 3.1.” “The NAHB Housing Market Index for June is also expected to show improving sentiment, rising to a forecasted 56 from 54. The April TICs report will round out the day’s releases.” June 15,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX cTrader Demo Contest – Round 19 finished Congratulations to the winners! The main aim of the competition remains the same while environment changes: trade your cTrader demo account and end the week in highest profit to receive the prize from OctaFX. The contest round lasts one week – from Monday Market opening to Friday Market closing! Prize fund of $400 is distributed between five lucky traders. Experience cTrader advantages while chasing the $400 prize fund! Contest rules and regulations Take part now! Stand out for outstanding with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

EUR/USD off highs, treading water at 1.1270 FXStreet (Edinburgh) - The shared currency is navigating calmer waters now, with EUR/USD attempting to consolidate in the 1.1270/80 band. EUR/USD capped at 1.1300 The abrupt bullish attempt following Greek headlines seems to have run out of vigour in the boundaries of 1.1300 the figure, with spot deflating to the 1.1270 area soon afterwards albeit keeping modest gains for the day. In the meantime, Greece will remain the main driver for the global sentiment in the very near term, while debt talks are set to resume on Sunday or Monday between Greek officials, and their ECB and IMF counterparts. Looking to Monday’s docket in Euroland, Italian inflation figures, EMU’s trade balance results and the speech by ECB’s M.Draghi appear in the horizon. EUR/USD key levels As of writing the pair is up 0.16% at 1.1276 and a surpass of 1.1297 (high Jun.12) would aim for 1.1334 (high Jun.11) en route to 1.1387 (high Jun.10). On the flip side, the next support aligns at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

CBR ready to cut rates further – TDS FXStreet (Edinburgh) - Paul Fage, Strategist at TD Securities, sees the Russian central bank to lower its benchmark rate by 100 bp at its meeting on Monday. Key Quotes “At the meeting of the Board of Directors of the Central Bank of Russia (CBR) on Monday (15 June), we expect the key rate to be cut by 100bps to 11.50%. This is in line with the consensus”. “The headline inflation rate has passed its peak and can be expected to continue to trend downwards over the rest of the year. With the economy remaining weak the CBR is keen to get rates down as quickly as possible”. “The weakening of the ruble since the last board meeting has been in part due to the CBR’s own actions. We think that the CBR is comfortable with USDRUB around current levels (55) and hence that on Monday, a somewhat less aggressive rate cut than the 150 bps at the April meeting is appropriate”. June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/CAD: 1.39 handle close on the cards? FXStreet (Guatemala) - EUR/CAD is currently trading at 1.3875 with a high of 1.3880 and a low of 1.3743. EUR/CAD has been drifting to the downside at the end of this week but has managed a rebound that takes the cross up above the descending resistance line and on towards the 1.39 handle. EUR/USD is supporting the cross with a bullish attempt to close the week in positive territory, seeking the 1.13 handle out. Oil has started to consolidate below $60 while bears are pressuring the 1.23 handle in USD/CAD. EUR/CAD making significant developments Analysts at TD Securities noted and explained that daily closes have ratcheted lower after Monday’s sharp rebound, supporting their view that, despite the pop in price at the start of the week, the turn lower from above the 200- day MA in the previous week was the more significant technical development. June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY: neutral bias for the next week – BTMU FXStreet (Barcelona) - The Team at Bank of Tokyo-Mitsubishi UFJ, maintains a neutral bias on USD/JPY for the next week, expecting the pair to stay around 123 levels until the key June FOMC Meeting. Key Quotes “After Kuroda’s comment on JPY REER which has been fading USDJPY bullish momentum, the upper ceiling of USDJPY may be below 125-level, Next week, USDJPY may stay around 123 until the FOMC meeting. The Fed may display a more cautious tone over tightening monetary policy signaling a more gradual pace of rate hikes.” “The negative impact on the US dollar may prove modest as it has already weakened in advance of the FOMC’s upcoming meeting. The lower bound may be supported by JPY selling near 121.50 USDJPY.” “The recent rise in global yields might reduce the risk capacity. Japanese investors will have JGB redemption cash which may support JGB buying, not foreign assets buying toward the end of June.” “USD/JPY – Neutral Bias – (121.50-124.50)” June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

London Close: GBP/USD rockets to fresh June highs FXStreet (Orlando) - The British Pound jumped 90 pips against the US Dollar from 1.5490 to fresh June's highs above 1.5580 as the London close arrived and investors are buying the GBP ahead the weekend with Greece debt, Tsipras, Juncker and Grexit on the spotline. The GBP/USD broke out the consolidation range between 1.5480 and 1.5530 and it accelerated to break previous highs at 1.5555 too. In addition, the US Dollar index DXY went into the negative territory following softness in the US yields. GBP/USD levels Currently, GBP/USD is trading at 1.5567, up 0.33% on the day, having posted a daily high at 1.5584 and low at 1.5467. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. If the pair consolidates levels above 1.5550, it will find resistances at 1.5580, 1.5600 and 1.5620. To the downside, supports are at 1.5530, 1.5500 and 1.5460. June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP targets fib 22 April low FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7237 with a high of 0.7258 and a low of 0.7196. EUR/GBP remains better offered and the weight of the ECB’s asset purchases programme has been keeping the cross capped on the upside while the past week has been kind to Sterling after the trigger point that was Carney's Mansion house speech. The cross has dropped back from the 0.74 handle and bears are, so far, held up at 0.7200 support. EUR/GBP below key 55D MA Technically, the slide back lower has reached the 55 day ma at 0.7241 and loer which indicates that we could be on the way to 0.7127/23 (Fibo + 22nd April low), as noted by Karen Jones, chief analyst at Commerzbank. "Resistance at 0.7391 is regarded as the last defence for the 0.7482 May peak. We will neutralise our outlook for now as the move feels somewhat directional. Above 0.7482 will introduce potential to the 0.7685/94, the 38.2% retracement of the move down from 2013 and the 55 week ma." June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US University of Michigan consumer confidence bounces back – ING FXStreet (Barcelona) - Reviewing the US University of Michigan consumer confidence data release, James Knightley, Senior Economist at ING, sees the stronger than expected jump to 94.6 combined with the robust labour market data signalling an improvement in consumer spending. Key Quotes “The preliminary reading of the University of Michigan confidence index for June has risen nicely to 94.6 from 90.7. This is well ahead of the consensus estimate of 91.2 and is stronger than every single reading in 2013 and 2014, although is lower than some of the readings seen at the start of this year, suggesting that the household sector remains in very good shape.” “The bulk of the gains came from the current conditions component, which rose 6 points, but the expectations component also rose and is at levels consistent with real consumer spending growth of close to 3%YoY.” “With employment bouncing back after 1Q weakness and average hourly earnings showing signs of finally breaking out of the 1.5-2.3% YoY range it has been in since 2009, we feel that the US labour market now has some real momentum that will give the consumer greater confidence to spend.” “With next week’s CPI report set to suggest inflation has bottomed already we are increasingly looking for the Federal Reserve to hike rates in September with next week’s press conference and FOMC statement set to exhibit more signs of a willingness to tighten monetary policy amongst FOMC committee members.” June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Chilean central bank keeps the hawkish stance – Scotiabank FXStreet (Edinburgh) - Eduardo Suarez, Chief FX Strategist at Scotiabank, reviewed the recent statement by the Chilean central bank (BCCh) after its monetary policy meeting. Key Quotes “The BCCh issued a very brief statement last night after its MPC meeting, where it left most of its message intact”. “On the external front, the central bank noted the gradual rebound in global growth, but also highlighted rising global interest rates, as well as diminishing capital flows into EM”. “On the domestic front, the BCCh described the recent performance of the Chilean economy as “in line with the Monetary Policy Report”, including inflation, which is expected to remain high for some time”. “However, inflation expectations are seen as anchored, which probably explains why the bias of the central bank remained a vigilant pause”. “The BCCh noted the slowdown in wage increases, and did not mention indexation this time. We think the statement was fairly consistent with recent communication, although maybe a little less hawkish”. June 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX cTrader for Apple released! OctaFX is ready to present one more improvement for cTrader users! We are now supporting cTrader for Apple devices! Good news for every cTrader user in OctaFX community! You can now trade 48 currency pairs using cTrader for iOS! The application can be downloaded free of charge and is compatible with iPhone, iPad and iPod touch. Our app is also optimized for iPhone 5, iPhone 6 and iPhone 6 Plus. cTrader gives you the very best in FX trading as a native app. Enjoy fast execution for FX and commodities and easy-to-use interface with full balance, margin and P&L information. View all symbols and rates, including your favorites list. You’ll get the same core functionality as cTrader Web for Mobiles, with faster launch times and the same easy-to-use interface. Click here to dowload cTrader for iOS: Having any questions? Contact our award-winning Customer Support with all your queries. Experience our best trading conditions trading on cTrader for iOS! 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!

US retail sales rebound strongly after 1Q weakness - ING FXStreet (Barcelona) - Reviewing the US retail sales data result for May, James Knightley, Senior Economist at ING, notes that details suggest the consumer psyche of saving rather than spending continued, but September looks likely for a rate hike. Key Quotes “US retail sales for May have rebounded after the weather depressed readings seen in recent months. They rose 1.2%MoM, in line with market expectations while April was revised up to +0.2%MoM from 0.0 and March is now reported as +1.5% versus +1.1% previously. This shows a marked improvement in consumer spending on the December-February period where we saw three consecutive contractions.” “Motor vehicles were particularly strong, rising 2%MoM and building material saw sales rise 2.1% and gasoline station sales rose 3.7%. Nonetheless, even if we strip out these volatile components, the so called “control” group (which tends to better match the pattern in broader consumer spending), shows that spending was strong. This core measure of retail sales rose 0.7%MoM versus the 0.5% consensus and again there were upward revisions to the past couple of months’ data.” “Consequently, this report backs up the assumption that we didn’t see a change in consumer psyche – that of saving rather than spending. Indeed, it is pretty clear that the weakness at the start of the year was weather related. This view is backed up by the rebound in housing activity and the decent payrolls number for April. As such it should give markets greater visibility on the likely path of Fed policy with September looking likely for the start of the tightening cycle.” June 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US initial jobless claims stay below 300K for a 14th consecutive week FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits last week stayed below 300K for the 14th consecutive week, indicating the resilience in the labor market. The initial jobless claims increased by 2,000 to 279K in the week ended June 5. The actual figure was slightly higher than the consensus estimate of 277K. The four-week average of claims, which provides a more accurate picture of the labor market strength, climbed to 278,750 last week, from 275,000. Meanwhile, the continuing claims rose by 61,000 to 2.27 million in the week ended May 30. The sustained strength in the labor market is likely to translate into higher consumption, as indicated by the rise in the retail sales released today. June 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canada New Housing Price Index (MoM) in line with forecasts (0.1%) in May Read more in Forex News June 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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NZD/USD seen at 0.69 medium term – Danske Bank FXStreet (Edinburgh) - Senior Analyst at Danske Bank Christin Tuxen has suggested the pair could slip towards 0.69 in a 6-month horizon. Key Quotes “The significant terms-of-trade shock which NZD has suffered during the course of the past year is now feeding through to the growth and inflation picture for New Zealand”. “RBNZ has shifted to a clear easing bias and the market is pricing Wheeler’s action to a ‘lowflation’ outlook”. “As we see USD strength returning in the near future ahead of a first Fed hike in September, NZD/USD is set to move lower on diverging monetary policy”. “We have lowered our near-term forecasts a little and see the cross hitting 0.69 in 6M (prev. 0.71). On a 12M horizon we do, however, expect USD strength to fade, and with upside risks to agricultural prices from a structural point of view, we expect NZD/USD to stabilise around the 0.70 mark and keep our 12M forecast unchanged at this level”. June 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

European Commission and Greece to work on a deal with Eurogroup approval - MNI source FXStreet (Córdoba) - According to MNI sources, the European Commission and Greece will work on a deal with the approval of the Eurogroup. This headlines join Bloomberg story about Germany willing to settle for a staggered deal, if there is a clear commitment by the Greek government to at least one economic reform sought by creditors. However, reports are unconfirmed with nothing official from Greece or the EU. June 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Germany considers offering Greece a staggered deal on aid – Bloomberg FXStreet (Córdoba) - According to Bloomberg story, Germany may settle for a clear commitment by the Greek government to at least one economic reform sought by creditors to unlock funds. German Chancellor Merkel and French President Francois Hollande are expected to meet with Greek Prime Minister Alexis Tsipras on Wednesday to try to break the impasse in talks. June 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD Forecast: 1.2200 support impacted; bounce above 1.2250 FXStreet (Orlando) - The dollar continues trading lower across the market and there is no an exception against the Canadian Dollar as the USD / CAD dropped 150 pips from 1.2350 to test the 1.2200 level. The pair found buying interest and now operates 60 pips back at 1.2260. Currently, USD/CAD is trading at 1.2260, down 0.63% on the day, having posted a daily high at 1.2354 and low at 1.2202. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish. USD/CAD down on USD, crude oil US weakness tone in the US Dollar after Kuroda comments is dragging the USD/CAD down. BoJ Kuroda said: "it is hard to see the Yen's real effective exchange rate falling further." In adition, Oil is falling hard from near 1-month highs at 61.80 to price as low as 60.80 this morning. Oil is currently at 61.00, dragging down the USD/CAD too. USD/CAD Forecast If the pair extends bounce from 1.2200, it will find resistnces at 1.2280, 1.2300 and 1.2350. To the downside, supports are at 1.2200, 1.2180 and 1.2130. June 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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US wholesale inventories rise 0.4% in April FXStreet (Córdoba) - US wholesale inventories rose 0.4% in April, according to the US Commerce Department. The reading was above expectations of a 0.2% increase and follows a 0.1% gain in March. Wholesale sales rose 1.6% in April, following a fall of 0.3% in March. June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EU Dijsselbloem says that there are still differences with Greece on what has to occur by the end of June FXStreet (Córdoba) - EU Dijsselbloem says that there are still differences between the Eurogroup and Greece on what needs to happen by the end of June. According to Eurogroup head, Greek response must address creditors proposals and the pension system must be reformed. June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD bounced off 1.1210 FXStreet (Edinburgh) - The decline of EUR/USD seems to have found decent support around the 1.1210 on Tuesday. EUR/USD worried about Greece Mounting concerns on the Greece-EU debt talks continue to hurt the sentiment around the single currency today, forcing spot to surrender part of Monday’s strong gains. Market participants remain vigilant on any Greek development, specially after the country submitted new proposals to the EU officials during the European morning, all in light of the key meeting between Merkel, Tsipras and Hollande to be held tomorrow. Nothing to write home about from the data front, with the second revision of EMU’s GDP figures matching expectations during the first quarter (0.4% QoQ, 1.0% YoY). EUR/USD levels to watch The pair is now retreating 0.26% at 1.1261 and a breach of 1.1214 (low Jun.9) would target 1.1179 (low Jun.4) en route to 1.1084 (low Jun.8). On the flip side, the initial up barrier aligns at 1.1346 (high Jun.9) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY: upside towards 128/129 area possible – JPM FXStreet (Barcelona) -Niall O'Connor, FX Strategist at JP Morgan, sees further upside potential for USD/JPY for a test of the 128/129 area. Key Quotes “In line with the upside risks for the USD, the breakout in USD/JPY continues to develop with a trending bias. Friday's push above the important 124/125.70 resistance zone which includes the 2007 and late-2002 high suggests additional upside and a closer test of the 128/129 area (61.8% retrace from the 1990 cycle high).” June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Tsipras wants a deal tomorrow FXStreet (Edinburgh) - Greece and its creditors are expected to continue the debt negotiations on Tuesday after the Hellenic country submitted fresh proposals to be assessed by the EU peers. Greek PM A.Tsipras is aiming to finally clinch a deal at his meeting with President F.Hollande and Chancellor A.Merkel on Wednesday. June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!