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EUR/USD slows down, but holds above 1.1100 FXStreet (Córdoba) - EUR/USD held above the 1.1100 level, barely unaffected by the latest batch of disappointing US data, but broadly supported by hopes of a Greek deal around the corner, even after Eurogroup President Dijsselbloem said such an agreement was still far away. EUR/USD climbed almost 300 pips throughout the day and scored its highest level since May 22 at 1.1193 in recent dealings. The pair faltered ahead of the 1.12 mark and retraced some gains with Dijsselbloem comments. At time of writing, EUR/USD is trading at 1.1120, recording a 1.79% gain on the day. Optimism Greece could reach a deal with lenders has supported the euro on Tuesday following yesterday’s meeting between Merkel, Hollande, Juncker, Lagarde and Draghi in Berlin. There were speculations the leaders would draft a proposal for Greece, but a government official said the Hellenic country hasn’t received an agreement plan from the institutions. On the data front, US data came in the soft side. Factory orders dropped 0.4% in April versus expectations of a flat reading, while the IBD/TIPP Economic Optimism index came in at 48.1, below the 49.8 of consensus. June 2,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

RBA waiting for the Fed to make the first move – MP FXStreet (Barcelona) - Dean Popplewell, VP of Currency Analysis and Research at MarketPulse, shares the key points from RBA’s monetary policy statement and further believes that the Australian central bank might wait to cut rates further till the Fed hike begins. Key Quotes “It was not a market surprise that RBA Governor Glenn Stevens opted to keep the bank’s rates on hold (+2%) earlier this morning. The surprise was that the market expected more easing rhetoric. Without it, the Aussie managed to rally hard from its seven-week low.” “What transpired is that the new RBA policy outlook favors data dependence over renewed easing bias. In other words, like most central bankers that favor a weaker domestic currency or have issues with an overvalued currency, policymakers will more than ever be relying on a Fed rate hike to do most of their domestic policy lifting. Naturally, the AUD/USD (A$0.7682) saw a fair bit of volatility among the dollar majors, as traders digested the changes in the latest RBA policy stances.” “Stevens continued with his usual rhetoric of trying to talk the currency down by insisting, “Further depreciation seems both likely and necessary.” Analysts noted that the policy outlook component of the statement was clouded by data dependency against the expectation of an outright return to an easing bias in light of the latest soft capital expenditure figures out last week.” “The lack of a rate cut or easing bias convinced the AUD shorts to pare back existing positions (A$0.7707).” “The RBA is likely to wait for the May cut to final filter through to the real economy. It’s only natural for policymakers to be somewhat hesitant of cutting rates too soon again, especially with developments in Australia’s “hot” property market. That’s reason enough to wait for the Fed to make the first move.” June 2,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States IBD/TIPP Economic Optimism (MoM) came in at 48.1, below expectations (49.8) in June Read more in Forex News june 2,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX cTrader Demo Contest – Round 18 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!

Banxico expected to keep rates unchanged – TDS FXStreet (Edinburgh) - Strategists at TD Securities sees the Mexican central bank keeping its benchmark rates intact at this week’s meeting. Key Quotes “On Thursday in Mexico we expect Banxico to keep the Overnight Rate at 3.0%”. “April CPI inflation was 3.06% Y/ Y, close to the middle of the 3%+/-1% target range, and core inflation was running at 2.31%”. “Furthermore, USDMXN has risen by only 0.5% since the April rate meeting”. “We expect Banxico to remain on hold until later this year when it will follow the Fed in hiking rates”. june 1,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States ISM Prices Paid came in at 49.5, above expectations (42.5) in May Read more in Forex News june 1,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Share joy and happiness of Waisak with OctaFX! OctaFX would like to congratulate all traders and clients who celebrate Waisak Day. We believe that such a joyful holiday will bring light into your daily routine! OctaFX team wishes happy Tri Suci Waisak! Our warm congratulations on Three Holy Events – birth of Siddhartha Gautama, acceptance of the divine revelation under the Bodhi tree, and the journey of Siddhartha Gautama to heaven. We would like to pay tribute to this holiday, and thereby express gratitude for maintaining the earth and its resources in harmony. We would like to remind that during this day people care about others, especially those in need. Be in harmony with yourself and with the nature, stay close with your family and friends. We would like to encourage you to visit grandparents and aged people, ill relatives and friends, and those, who needs you the most. Let this holiday enlighten you! OctaFX wants to lit the candle and once again wish Hari Waisak! 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!

UK Services PMI strength due a moderation - TDS FXStreet (Guatemala) - Analysts at TD Securities explained key data events coming up in the UK Services PMI (Tues 3 June): Key Quotes: "We are in line with consensus in looking for the Services PMI to moderate slightly from 59.5 to 59.1. The risks around this seem balanced. The strength in the sector is generally overdue for some moderation and there were only minor reports last month of electoral uncertainty restraining activity." "Moreover, where the clarity could be seen as making planning easier and boosting demand, the outcome itself was not a benefit for all. For example, it has raised the spectre of accelerated job cuts in the public sector." May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

FX space for May break down - Scotiabank FXStreet (Guatemala) - Eric Theoret, CFA, CMT Currency Strategist at Scotiabank broke down the FX space for May. Key Quotes: "The theme for May has been one of the broader USD, its performance driven by the shift in U.S. data providing for a stabilization in the growth outlook with direct implications for Fed policy normalization." "The USD weakened broadly through the first half of the month, on a trend of worrisome data that culminated on May 15 with the triple release of soft Empire, industrial production, and UMich consumer sentiment figures." "The subsequent USD rally was initiated by the San Francisco Fed’s May 18 report questioning ‘shockingly weak’ Q1 data in light of statistical adjustment issues, and USD gains continued in response to improved housing, inflation, and durable goods data as well as a relatively steady tone from Fed Chair Yellen and Vice Chair Fischer." May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Colombia National Jobless Rate up to 9.5% in April from previous 8.9% Read more in Forex News May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

DXY turns positive near 97.00 FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors is now back in the 97.00 neighbourhood after testing lows near 96.80. DXY hurt by US data Once again, poor results from the US calendar today have been weighing on the index, although it has quickly managed to revert the decline to daily troughs around 96.80. In fact, the second revision of the US GDP Annualized during Q1 showed a 0.7% contraction while the Reuters/Michigan index surprised to the downside, dropping to multi-month lows during May. Today’s results add to the higher than expected Initial Claims seen on Thursday. A glance at next week’s US calendar shows the key ISM Manufacturing (Monday) and the ADP Employment Change (Wednesday) as the main events, ahead of the more significant Non-farm Payrolls on Friday. DXY relevant levels The index is now up just 0.03% at 96.99 and a breakout of 97.19 (high May 29) would aim for 97.77 (high May 27) and finally 98.13 (high Apr.22). On the other hand, the initial support aligns at 96.75 (low May 29) followed by 94.82 (low May 22) and finally 94.08 (low May 19). May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD fails to hold above 1.2500 FXStreet (Córdoba) - USD/CAD pulled back from daily highs and settled below the 1.2500 level, having spent the last hours in a slim range as the trading week drafts to an end. USD/CAD spiked to a high of 1.2526, but stalled a few pips shy of its 6-week high of 1.2537 scored yesterday, following the release of US and Canadian GDP data. Data showed, US GDP shrank by 0.7% in Q1 versus an increase of 0.2% previously estimated, while Canadian GDP contracted by 0.6% versus 0.3% initially announced. USD/CAD is currently trading at the 1.2485 area, recording a 0.42% gain on Friday and on track to record a 1.64% rise this week. USD/CAD technical levels Immediate resistances are seen at 1.2526 (daily high), 1.2537 (May 28 high) and 1.2569 (Apr 15 high). On the other hand, supports could be found at 1.2410 (daily low), 1.2384 (100-day SMA) and 1.2304 (May 26 low). May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/JPY rises further above 136.00 FXStreet (Córdoba) - The euro kept rising against the yen and reached at 136.40 the strongest level since May 18. EUR/JPY remains above 136.00, consolidating a weekly gain of almost 300 pips. While the euro has been among the best performers across the board, the yen dropped sharply during the last four days as USD/JPY rallied above 122.00. EUR/JPY technical levels Immediate resistance to the upside could be located at 136.40 (daily high) followed by 136.80 (May 15 high) and 137.00. On the opposite direction support might lie at 135.95, 135.40 (daily low) and 134.95. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OPEC meeting could be a ‘non-event’ – TDS FXStreet (Edinburgh) - Strategist Andrew Kelvin at TD Securities does not see major announcements in the OPEC meeting due on June 5th. Key Quotes “The OPEC meeting on Friday marks the first official meeting after the group broke with tradition and decided to not support the crude oil price environment by cutting production in November last year”. “At current prices, there is little incentive for the group to cut quota, confirming global oversupply will endure”. “We have a strong conviction (around 85%) that they leave the quota unchanged, and while that is generally the same conviction as in the market, should result in a modest bearish move as some longs get liquidated”. “Any cut to quota would see a very bullish move in the market, while there also may be some focus on comments from Saudi Oil Minister al-Naimi or new Saudi Aramco Chairman al-Falihif they provide any forward price guidance, which we think they may try to anchor to around $70 bbl for year-end”. “Overall, we look to sell any modest bounces in August-delivery Brent at $64 bbl with target at $59.50 bbl, stop at $65 bbl”. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold advances around $1,190 FXStreet (Edinburgh) - The troy ounce of the yellow metal is trading in the upper bound of the daily range, climbing beyond the $1,190 level. Gold firmer on poor US data Gold prices found some support after the US economy contracted 0.7% on a yearly basis during the first quarter and the US consumer sentiment dropped to 6-month lows during May. The precious metal is advancing for the third consecutive session, on its way to clinch the first month with gains since January, bolstered by a renewed weakness around the US dollar. Gold key levels Gold is now up 0.08% at $1,189.60 and a break above $1,225.76 (high May 19) would open the door to $1,228 (high May 14) and then $1,236.79. On the flip side, the next support lines up at $1,184 (low May 27) ahead of $1,177 (low May 4) and finally $1,168.50 (low Mar.20). May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD fails to hold above 1.2500 FXStreet (Córdoba) - USD/CAD pulled back from daily highs and settled below the 1.2500 level, having spent the last hours in a slim range as the trading week drafts to an end. USD/CAD spiked to a high of 1.2526, but stalled a few pips shy of its 6-week high of 1.2537 scored yesterday, following the release of US and Canadian GDP data. Data showed, US GDP shrank by 0.7% in Q1 versus an increase of 0.2% previously estimated, while Canadian GDP contracted by 0.6% versus 0.3% initially announced. USD/CAD is currently trading at the 1.2485 area, recording a 0.42% gain on Friday and on track to record a 1.64% rise this week. USD/CAD technical levels Immediate resistances are seen at 1.2526 (daily high), 1.2537 (May 28 high) and 1.2569 (Apr 15 high). On the other hand, supports could be found at 1.2410 (daily low), 1.2384 (100-day SMA) and 1.2304 (May 26 low). May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY hits fresh highs but remains limited FXStreet (Córdoba) - USD/JPY rose and printed a fresh daily high at 124.20 but it was unable to rally further. The upside remains limited above 124.00. USD/JPY consolidating weekly gains The dollar remains near multi-year lows, rising modestly on Friday after the release of US economic data. The first report was GDP growth that showed a decline of 0.7% in the first quarter versus a 0.2% increase previously estimated. Then the Michigan confidence indicator rose from 88.6 to 90.7 and the Chicago PMI dropped from 52.3 to 46.2 in May. The mixed data had little impact on the US dollar in the forex market while stocks are falling in Wall Street. The Dow Jones was down 0.78% and the Nasdaq was losing 0.61%. From the levels it had a week ago, USD/JPY is up more than 200 pips, headed toward the highest weekly close since October 2002. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY hits fresh highs but remains limited FXStreet (Córdoba) - USD/JPY rose and printed a fresh daily high at 124.20 but it was unable to rally further. The upside remains limited above 124.00. USD/JPY consolidating weekly gains The dollar remains near multi-year lows, rising modestly on Friday after the release of US economic data. The first report was GDP growth that showed a decline of 0.7% in the first quarter versus a 0.2% increase previously estimated. Then the Michigan confidence indicator rose from 88.6 to 90.7 and the Chicago PMI dropped from 52.3 to 46.2 in May. The mixed data had little impact on the US dollar in the forex market while stocks are falling in Wall Street. The Dow Jones was down 0.78% and the Nasdaq was losing 0.61%. From the levels it had a week ago, USD/JPY is up more than 200 pips, headed toward the highest weekly close since October 2002. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BoE Policy Meeting coming up - Rabobank FXStreet (Guatemala) - Analysts at Rabobank noted the deflationary environment ahead of the BoE meeting coming up. Key Quotes: "The UK CPI inflation rate has dipped below zero (-0.1% y/y). While technically this means deflation has arrived, the Bank of England has announced it will be looking through the “impact of past falls in commodity prices” on the basis that it expects them to be short-lived. " "That said, core inflation has weakened too, reflecting subdued growth in domestic costs, particularly wages. While there is no reason to suspect that a deflationary mindset is settling on the UK economy, the Bank will be wary of downside risks to inflation. " "Given the possibility that political uncertainty associated with the forthcoming EU referendum could impact investment in the UK and the potential for the July budget to bring forward austerity, the Bank is unlikely to be a rush to tighten policy. We expect steady rates until May 2016." May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP: Bulls testing key level 0.7170/00 FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7187 with a high of 0.7200 and a low of 0.7139. EUR/GBP has stalled at the psychological 0.72 handle, while the euro is performing with resilience to the upside across the board. Sterling has been on the offer and this is aiding the cross as well, while cable has continued on the downside since May highs as the greenback takes control again with interest rate differentials and the UK economy offering mixed results of late. There has been something of a minor recovery today in cable on the back of the PCE misses but the blow was softened by a slightly better GDP result. Meanwhile and technically EUR/GBP is testing the key 0.7170/90 zone which is the accelerated downtrend and will make little impact on the chart while below the 0.7282 15th March high, as suggested by Karen Jones at Commerzbank this week. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP: Bulls testing key level 0.7170/00 FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7187 with a high of 0.7200 and a low of 0.7139. EUR/GBP has stalled at the psychological 0.72 handle, while the euro is performing with resilience to the upside across the board. Sterling has been on the offer and this is aiding the cross as well, while cable has continued on the downside since May highs as the greenback takes control again with interest rate differentials and the UK economy offering mixed results of late. There has been something of a minor recovery today in cable on the back of the PCE misses but the blow was softened by a slightly better GDP result. Meanwhile and technically EUR/GBP is testing the key 0.7170/90 zone which is the accelerated downtrend and will make little impact on the chart while below the 0.7282 15th March high, as suggested by Karen Jones at Commerzbank this week. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD tests 1.1000 resistance area FXStreet (Córdoba) - After a muted reaction to GDP downward revision, the US dollar started to feel the pressure and fell to fresh daily lows against the euro. EUR/USD climbed to a daily high of 1.1000, following a mixed bag of US data. While US GDP growth was revised to -0.7% in the Q1, May Chicago PMI dropped to 46.3, missing expectations of 53.0 and Reuters/Michigan consumer sentiment index came in at 90.7, above the 89.9 of consensus. However, EUR/USD lacked momentum to decisively break above the 1.10 mark and pulled back slightly to currently trade at 1.0990, still up 0.45% on the day. The euro is on track to post its third daily gain in a row, extending a recovery from a 1-month low of 1.0818, although it will need to close above 1.1014 to completely erase weekly losses. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD edges down as commodity currencies underperform FXStreet (Córdoba) - AUD/USD inched a tad lower on Friday and trades near its monthly lows scored the previous day, on track to post its sixth daily loss in a row. The greenback ignored US GDP downward revision from +0.2% to -0.7% in the first quarter, and continued to move higher versus commodity currencies in a relatively quiet day mostly driven by cautious sentiment. AUD/USD is currently trading at the 0.7635 area, down 0.12% on the day, having scored a low of 0.7629 in recent dealings. On the downside, immediate support stands at 0.7617, 6-week low struck yesterday, followed by the 0.76 mark. On the upside, immediate resistances are seen at 0.7629 (daily high), 0.7700 (psychological level) and 0.7760 (May 28 high). The NZD and the CAD are also among the worst performers, weighed down by soft domestic data. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD edges down as commodity currencies underperform FXStreet (Córdoba) - AUD/USD inched a tad lower on Friday and trades near its monthly lows scored the previous day, on track to post its sixth daily loss in a row. The greenback ignored US GDP downward revision from +0.2% to -0.7% in the first quarter, and continued to move higher versus commodity currencies in a relatively quiet day mostly driven by cautious sentiment. AUD/USD is currently trading at the 0.7635 area, down 0.12% on the day, having scored a low of 0.7629 in recent dealings. On the downside, immediate support stands at 0.7617, 6-week low struck yesterday, followed by the 0.76 mark. On the upside, immediate resistances are seen at 0.7629 (daily high), 0.7700 (psychological level) and 0.7760 (May 28 high). The NZD and the CAD are also among the worst performers, weighed down by soft domestic data. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD recovers to 1.5280 FXStreet (Mumbai) - The US dollar is being sold ahead of the monthly closing, helping the GBP/USD pair recover to 1.5280 after the official data showed the US economy contracted at slower than expected rate in the first quarter. GBP/USD sees minor correction post US GDP The pair fell to a low of 1.5236 immediately after the release of the US GDP report, before recovering to a post GDP high of 1.5280. The second estimate revised Q1 GDP lower to -0.7%, against the expectation of -0.9%. Still, the US dollar suffered minor losses, which may have been due to unwinding of long USD positions ahead of the weekend and month end. With US GDP out of the way, the investors now await Chicago PMI and final Michigan Confidence index for May. GBP/USD Technical Levels The pair now trades at 1.5270, with the immediate support seen at 1.5230, followed by support at 1.52. On the other hand, resistance is seen at 1.53 and 1.5336. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!