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Revising down Chinese export and import forecasts – Nomura FXStreet (Barcelona) - Research Analysts at Nomura, trim down their export and import forecasts for China and maintain their Q2 GDP growth forecast of 6.6%yoy in Q2. Key Quotes “Export growth improved slightly to -2.5%, better than market and our expectations but still weak. Import growth softened to -17.6%, weaker than expectations, resulting in an unexpected surge in trade surplus.” “We trim down export and import growth forecasts for 2015 but keep our annual GDP forecast at 6.8% and maintain the view that GDP growth will slow to 6.6% y-o-y in Q2 from 7.0% in Q1.” “We maintain our forecast that industrial production growth will remain at 5.9% y-o-y and that investment and consumption growth may dip in May" “We continue to expect further monetary policy easing, with two more benchmark rates and two more reserve requirement ratio (RRR) cuts this year.” June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US-German 10-year bond yield spread widens to 150 basis points FXStreet (Mumbai) - The difference or the spread between the 10-year yield on the US and German government bond widened slightly to 150 basis points in the early European session, as opposed to 148 basis points seen in the European session. The slight rise in the spread could be attributed to the US 10-year yield, which has recovered losses to trade 3 basis points higher at 2.411%. Meanwhile, the German 10-year yield inched higher by 2.3 basis points to 0.913%. Moreover, the Treasury yield improved even though the major US equity futures are pointing to a weak opening on the Wall Street. On the other hand, the German 10-year yield has under performed today as there no signs of Greece reaching an accord with its international creditors after a fresh proposal was termed vague by an EU official. June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/RUB could find strong support around 50.0 – Rabobank FXStreet (Edinburgh) - Strategist Piotr Matys at Rabobank reviews the prospects for the Russian currency ahead in the year. Key Quotes “When the ruble firmed beyond the 50-level against the US dollar, verbal interventions from the central bank and the government intensified to discourage market players from betting on an even strong ruble”. “Throughout the second half of the year, we expect that the 50-handle will be a fairly strong barrier for USD/RUB as the CBR will continue to cut rates to deter carry traders”. “Admittedly, the ruble is set to remain one of the highest-yielding EM currencies, but with the interest rate potentially falling below 10.00% in 15H2 from 12.50% now, the risk premium may not prove sufficient to stimulate ruble demand”. “Especially if the fragile ceasefire in Eastern Ukraine collapses and/or Brent crude falls below USD 60/bbl”. June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

‘Greece to stay in the euro’ – ECB’s J.Makuch FXStreet (Edinburgh) - Jozef Makuch, Governor of the Slovakian central bank and member of the ECB Governing Council has wished Greece can remain a member of the euro area. He has also ruled out any concern regarding the higher bond yields in the region, while he argued that the combination of the current QE programme and the TLTRO are boosting the economic growth in the euro area. June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD slumps to 1.2350 FXStreet (Edinburgh) - The greenback keeps losing its shine vs. its Canadian neighbour on Tuesday, with USD/CAD now dropping to session lows near 1.2350. USD/CAD hinges on USD dynamics Absent relevant data in the Canadian docket this week, the pair’s price action will hinge on the publications and developments in the US economy, where May’s retail sales (1.1% exp.) are due on Thursday and the flash Reuters/Michigan index on Friday (91.5 exp.). In the meantime, spot is retreating for the second consecutive session, extending the rejection from recent peaks above 1.2550. USD/CAD key levels At the moment the pair is retreating 0.45% at 1.2354 with the next support at 1.2304 (low Jun.9) followed by 1.2300 (psychological level) and finally 1.2299 (21-d MA). On the upside, a break above 1.2442 (high Jun.9) would aim for 1.2466 (Tenkan Sen) and then 1.2473 (high Jun.8). June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Credit Agricole: Should we worry about the USD? – eFXnews FXStreet (Barcelona) - According to Credit Agricole, there exists a certain risk that the Fed might adopt a cautious tone because of the stronger dollar, but the inflation outlook will keep the FOMC on track for the rate hike, which implies broad based USD strength will make its comeback soon, as noted by eFXnews. Key Quotes “Will the Fed adopt a more cautious tone because of the recent USD-strength? We think there is some risk given that confidence in the manufacturing sector is close to the recent lows while weak global trade continues to weigh on US exports.” “In addition, it remains to be seen whether the US consumer will spend the windfall from lower oil and import prices (May retail sales due on June 11).” “Last but not least the IMF has recently called on the Fed to delay any tightening until next year.” “The above being said, one important difference from March is that inflation expectations as measured by Fed's preferred gauge - the 5y5y forward breakeven inflation - have rebounded on the back of stabilising commodity prices. In addition, core CPI as well as earnings surprised on the upside recently.” “All that could suggest that the FOMC should be growing more confident about the inflation prospects in the economy and move closer to a hike. If that is confirmed next week, USD could extend its gains across the board.” This content has been provided under specific arrangement with eFXnews. June 09,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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USD/JPY sees additional gains above 126 – FXStreet FXStreet (Barcelona) - With strong US payrolls boosting USD/JPY above the 125 handle, the technical indicators suggest the pair sees scope for further gains, according to Valeria Bednarik, Chief Analyst at FXStreet. Key Quotes “The USD/JPY pair skyrocketed through the 125.00 figure, soaring to levels not seen since late 2002, at 125.85.” “Holding on to its gains, the 1 hour chart shows that the technical indicators are losing their upward strength in extreme overbought levels, but far from suggesting a downward corrective movement under way.” “In the 4 hours chart the technical indicators maintain their strong upward strength, supporting additional gains for the upcoming sessions, furthermore if the pair breaks above 126.00.” “Support levels: 125.50 125.10 124.70” “Resistance levels: 125.85 126.10 126.50” June 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY sees additional gains above 126 – FXStreet FXStreet (Barcelona) - With strong US payrolls boosting USD/JPY above the 125 handle, the technical indicators suggest the pair sees scope for further gains, according to Valeria Bednarik, Chief Analyst at FXStreet. Key Quotes “The USD/JPY pair skyrocketed through the 125.00 figure, soaring to levels not seen since late 2002, at 125.85.” “Holding on to its gains, the 1 hour chart shows that the technical indicators are losing their upward strength in extreme overbought levels, but far from suggesting a downward corrective movement under way.” “In the 4 hours chart the technical indicators maintain their strong upward strength, supporting additional gains for the upcoming sessions, furthermore if the pair breaks above 126.00.” “Support levels: 125.50 125.10 124.70” “Resistance levels: 125.85 126.10 126.50” June 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Lucky Round 7 brings iPhone 6 to OctaFX Supercharged real contest winner! Seven was definitely a lucky number for our OctaFX Supercharged real contest Round 7 winner. Mr. Joko Purwanto from Indonesia receives a brand new iPhone 6 - our monthly prize for outstanding achievers. Mr. Joko Purwanto has always showed good results, and this contest has become one more great achievement in his collection. You can read the story of his success right in this feed. The participation in OctaFX Supercharged real contest was fun and challenging at the same time. I really enjoyed requote-free trading while I open or close positions. My trading style is relaxed. I always follow and observe economic news releases and schedules. The golden rule of my trading is trade with no stress! Trade honestly, which is my second rule. And I also don’t forget about breaks. When it’s a high time to take a break, just take one! What is also essential in trading are techniques. I have tried a bunch of them. But the most suitable strategy for me is capital management. I also never forget about financial and stress management when I trade. Money will come to you when you master your techniques and cope with your emotions. By following these simple rules I was able to achieve great accomplishments. Once I made profit over 1000 pips just in 5 days! But there were some losses as well, as trading is also about learning and developing your abilities and skills. I believe that it is possible to learn the basics just in 2 months. Mastering your skills will apparently take a while. Personally, I have been trading for 8 years, and I know what is important to achieve your goals. First of all, control your emotions and manage your stress. Don’t be greedy, and keep the records of the money that you have already spent, just to make sure you won’t hurt your personal finances. We thank Mr Joko Purwanto for sharing some pieces of advice with our traders. We appreciate that this long-standing trader continues to trade at OctaFX and shows his trust in us. Our winner receives his prize - iPhone 6, which will soon reach Indonesia! Follow us on Facebook to see the pictures of the lucky winner! Our OctaFX Supercharged real contest catches fire, and the prize giveaways continue! Take part in the contest and compete for our 10 top-notch prizes including prime prizes - Tesla Model S, Smart Fortwo and Renault Twizy! Electrify your trading with OctaFX! Stand out for outstanding with OctaFX! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! OctaFX-Most Reliable Forex broker 2014 by FX Empire!

OctaFX.com-OctaFX Supercharged REAL CONTEST current position! Win Tesla Model S, Smart Fortwo or Renault Twizy! Open a Contest Account and Deposit it. Trade and receive achievements. Interact with other traders. Win one of 10 amazing prizes. View contest standings 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.com-OctaFX Supercharged REAL CONTEST current position! Win Tesla Model S, Smart Fortwo or Renault Twizy! Open a Contest Account and Deposit it. Trade and receive achievements. Interact with other traders. Win one of 10 amazing prizes. View contest standings 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.com-OctaFX Supercharged REAL CONTEST current position! Win Tesla Model S, Smart Fortwo or Renault Twizy! Open a Contest Account and Deposit it. Trade and receive achievements. Interact with other traders. Win one of 10 amazing prizes. View contest standings 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!

NZD/USD drops to 0.7100 FXStreet (Córdoba) - The kiwi is falling against the US dollar for the second day in a row and it has erased most of weekly gains. NZD/USD bottomed at 0.7100 and currently trades at 0.7110/15, 35 pips below the level it had at the beginning of the day. The pair continues to retreat after approaching on Tuesday to 0.7200. Price is back near the level it ended on Friday, when it posted the lowest weekly close since August 2010. USD up, stocks downs, yields reverse Greenback is rising on Thursday particularly against commodity currencies as crude oil drops 2.5% and gold declines to the lowest level in a month. Main stock indexes decline in wall Street. The Dow jones is down 0.73% and the Nasdaq 0.49%. European yields reversed sharply and are down for the day now. June 4,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

SEB: EUR/GBP targeting 0.7130? – eFXnews FXStreet (Barcelona) - The Technical Strategy Team at SEB, note that the possible triangle formation in EUR/GBP targets 0.7130 levels, as shared by eFXnews. Key Quotes “If the triangle scenario continues to play out then the pair should be running into selling in the 0.7383/92-area and then beginning a descent that primary targets the 0.7130-area (78.6% of the recent advance).” This content has been provided under specific arrangement with eFXnews. June 4,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US data rebound expected, but remaining patient on the EUR trade – KBC Bank FXStreet (Barcelona) - The KBC Bank Research Team adopts a wait and see approach before going short on EUR/USD. Key Quotes “We hold on to the view that the US data will soon come back to the forefront once a Greek debt deal is reached. A buy-the-rumour, sell-the-fact reaction in the euro is very well possible at that time. Still, this doesn’t tell anything on how far the current short squeeze has to go as long as the political manoeuvring on the Greek debt deal persists.” “We wait for signs that the short-squeeze has run its course to sell EUR/USD. Of course, this approach will come under pressure in case of a disappointing US payrolls report.” June 4,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Fed should delay rate hike until H1 2016 says IMF FXStreet (Córdoba) - International Monetary Fund is looking for the Fed to not hike rates until the first half of 2016 and has reduced their 2015 US growth outlook. In its annual assessment of US economy, known as an Article IV report, the IMF downgrades its GDP growth forecast for 2015 from 3.1% to 2.5%, amid significant uncertainties as to the future resilience of economic growth. IMF also cut its forecast for 2016, from 3.1% to 3%. It is unusual for the IMF to be so explicit and specific about countries’ policies. June 4,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD sees profit-taking ahead of US NFP – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook and key levels for EUR/USD, noting that the pair is seeing some profit taking ahead of the May US nonfarm payrolls scheduled to be released tomorrow. Key Quotes “The EUR/USD pair surged to a fresh 2 week high of 1.1379, erasing most of the ground lost to US up ticking inflation mid May. The pair accumulates a gain of around 360 pips from its weekly opening, despite over the last hour has retraced back below the 1.1300 level, as investors are taking profits out of the table ahead of the latest risk event of the week, US Nonfarm Payroll to be released early Friday.” “There was no macro data in Europe, and the advance was lead by soaring German yields that have been on a wild advance this week. In the US, weekly unemployment claims resulted better than expected in the week ending May 29, down to 276K, whilst Nonfarm productivity during the Q1 shrank more than expected, down to -3.1% in line with the economic slowdown of those months.” “Technically, the 1 hour chart shows that the price extended its decline after the US news, approaching a bullish 20 SMA, the immediate support around 1.1280. The technical indicators in the mentioned time frame have corrected overbought conditions, and now stand flat well above their mid-lines.” “In the 4 hours chart, the technical indicators are turning lower in extreme overbought levels, although the price stands well above its moving averages, which suggest corrective downward movements will remain limited.” “Support levels: 1.1280 1.1240 1.1200“ “Resistance levels: 1.1340 1.1385 1.1420” June 4,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD: opportunity to go long for 1.60 – RBS FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, believes that the dip below 1.54 in GBP/USD provides a good opportunity to go bullish on the pair, targeting 1.60 levels. Key Quotes “The pair triggered my stop level after closing below 1.54. However the current levels provide another opportunity to go long Cable, as the inverted Head and Shoulders pattern remains in place, the pair remained supported by the 21- week moving average and 38.2% rally retracement (the same level) and the weekly candlestick chart saw an inverted advance block pattern (caveat – this week’s close on Friday should be above 1.5150). Therefore, I like re-entering long positions from the current level of 1.5288 for 1.6070 on to 1.6430 stopping on a close below 1.5100.” June 4,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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EUR/GBP consolidates the major advances FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7259 with a high of 0.7258 and a low of 0.7179. EUR/GBP has rallied up to meet the 0.73 through 'stop-central' on the handle handle and supply has taken the cross back to the mid point of the rally and has settled down in to a consolidation. There is an air of optimism around the EZ with suggestions that Greece and its creditors will reach a deal before the week is over. However, this week is big for the EZ in many areas, besides Greece, with there being plenty of data events and including the ECB and BoE. Meanwhile and technically EUR/GBP has taken out the key 0.7170/90 zone which was the accelerated downtrend and has also moved through 0.7282 which is the 15th March high and has completed a full recovery of the losses from here in May. June 2,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY drops to 123.75 and rebounds FXStreet (Córdoba) - Greenback weakened sharply across the board and pushed USD/JPY to the downside. The pair bottomed during the American session at 123.73, the lowest level since last Friday and then bounced to the upside, trimming losses. USD/JPY worst day since May 13 The pair was able to move off session lows and rose back above 124.00. currently is trading at 124.15/20, down 0.45% for the day so far. The US dollar is having the worst performance against the yen since May 13, retreating after hitting earlier multi-year highs above 125.00. Weak economic data from the US favoured the downside in USD/JPY. Factory orders dropped 0.4% in April versus expectations of a flat reading, while the IBD/TIPP Economic Optimism index dropped from 49.7 to 48.1, below the 49.8 expected by analysts. June 2,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Denmark: FX intervention continued in May – Danske FXStreet (Barcelona) - Jens Nærvig Pedersen, Senior Analyst at Danske Bank, notes that the Danmarks Nationalbank continued FX intervention in May, purchasing DKK to cap EUR/DKK’s topside. Key Quotes “DN has just published May’s FX reserve and balance sheet figures. The FX reserve declined by DKK46.6bn in May to DKK658.9bn. The bulk of the decline was due to DN purchasing DKK in FX intervention to cap EUR/DKK topside – in May, DN purchased DKK in FX intervention for DKK35bn. DKK10.6bn was due to repayment of government foreign debt. May’s balance sheet further shows that government deposits declined DKK10bn to DKK225bn in May.” “Since the beginning of April, DN has made FX intervention for an accumulated DKK68.9bn, while leaving its policy rates unchanged. Hence, so far, DN has been willing to allow the FX reserve to decline more than it would under more normal circumstances without touching policy rates. This change in reaction function should be seen as a consequence of the significant inflow into DKK in January and February.” “EUR/DKK has fallen below the central rate as the uncertain prospect of a solution to Greece’s fiscal situation is weighing on the cross and is likely to have put DN intervention on hold. We expect it to take a substantial outflow on top of the intervention conducted in April and May to trigger a unilateral rate increase – in our view, this is not likely to happen before a firm deal is struck on Greece’s fiscal situation. This we expect to happen in the coming months though.” “Thus, we forecast DN will hike the rate of interest on certificates of deposit by 15bp on 3M and an additional 10bp on 6M to minus 0.50%” June 2,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY: near-term risk on broader developments – Scotiabank FXStreet (Barcelona) - Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank, sees near-term risk for USD/JPY revolving around US growth and Fed rate hike outlook. Key Quotes “JPY is quiet, consolidating near fresh 12.5 year lows with limited reaction to the release of stronger labor cash earnings data.” “Near term JPY risk will likely continue to center on broader developments, specifically the U.S. growth outlook and its implications for the Fed, as the recent decline has been largely driven by a turn in the U.S.-Japan 2Y yield spread.” June 2,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!