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Canadian GDP contracted 0.6% in the first quarter FXStreet (Mumbai) - The data released by Statistics Canada on Friday showed the economy contracted 0.6% quarter-on-quarter, missing the expectations of a 0.3% gain. This was the first negative growth rate of real GDP since the second quarter of 2011. On a monthly basis, real GDP by industry fell 0.2% in March. As per the official report, final domestic demand fell 0.4% after increasing 0.4% in the previous quarter, while Government final consumption expenditure was 0.2% lower. Exports of goods and services decreased 0.3%, following a 0.4% decline in the previous quarter. Exports of goods declined 0.5%, while services increased 0.8%. Imports of goods and services fell 0.4%. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canadian GDP contracted 0.6% in the first quarter FXStreet (Mumbai) - The data released by Statistics Canada on Friday showed the economy contracted 0.6% quarter-on-quarter, missing the expectations of a 0.3% gain. This was the first negative growth rate of real GDP since the second quarter of 2011. On a monthly basis, real GDP by industry fell 0.2% in March. As per the official report, final domestic demand fell 0.4% after increasing 0.4% in the previous quarter, while Government final consumption expenditure was 0.2% lower. Exports of goods and services decreased 0.3%, following a 0.4% decline in the previous quarter. Exports of goods declined 0.5%, while services increased 0.8%. Imports of goods and services fell 0.4%. May 29,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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United States Pending Home Sales (MoM) came in at 3.4%, above expectations (0.9%) in April Read more in Forex News May 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

NZDUSD after Jobless claims: Collapse extended to 4-year lows FXStreet (Cocoa) - The New Zealand Dollar is adding losses against the US Dollar following the US initial jobless claims data. Now, the NZD/USD collects a 120 pips collapse from 0.7265 traded in the earlier European session to price at lows since May 2011 at 0.7140. US added 282K initial jobless claims in the last week, above expectations. But data remains at multi-year lows and adds reasons to believe that the labor market is improving in the United States. The jobless claims chart shows that initial jobless claims remain below the 300K mark for the 12th week in a row. NZD/USD after Initial Jobless claims Currently, NZD/USD is trading at 0.7155, down 1.53% on the day, having posted a daily high at 0.7274 and low at 0.7144. NZD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. NZD/USD Forecast and Levels According to Imre Speizer, analyst at Westpac Banking Corporation, the bank expects the "NZD/USD to continue its downward trend during the next few months, targeting 0.70." As for the short term, if the pair manages to extend losses beyond 0.7140, next supports are at 0.7100 and 0.7080. To the upside, resistances are now at 0.7170, 0.7200 and 0.7210. May 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Jobless claims reaction: AUD/USD down to 0.7630 FXStreet (Cocoa) - The AUD/USD is extending declines following US jobless claims. After falling 85 pips from 0.7715 in the day, the AUD/USD is trading at lows since April 15 at 0.7630. The Australian Dollar is trading lower against the US Dollar as the pair is trading under pressure amid USD strength. US added 282K initial jobless claims in the last week, above expectations. But data remains at multi-year lows and adds reasons to believe labor market is improving. The jobless claims chart shows that initial jobless claims remain below the 300K mark for the 12th week in a row. AUD/USD after Initial Jobless claims Currently, AUD/USD is trading at 0.7633, down 1.27% on the day, having posted a daily high at 0.7763 and low at 0.7630. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish. AUD/USD levels If the pair extends declines beyond 0.7630, it will find supports at 0.7600 and 0.7580. To the upside, resistances are at 0.7650, 0.7670 and 0.7715. May 28,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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WTI Crude falls below USD 58/barrel on strong US dollar FXStreet (Mumbai) - WTI crude oil front month futures fell into losses to trade well below USD 58.00/barrel as the US dollar resumed its uptrend against the basket of currencies. Crude futures clocked a high of USD 58.92/barrel earlier today on expectations that US crude stocks fell for a fourth straight week in the last week. Crude inventories are expected to have fallen by 2 million barrels last week, a preliminary Reuters survey showed. The American Petroleum Institute (API) data is due for release today, while the US government shall release its own set of data tomorrow. Meanwhile, prices are also under pressure on widespread belief that the Organization of the Petroleum Exporting Countries shall keep production steady at its meeting on June 5. WTI Crude future Technical Levels The futures currently trade at USD 57.55/barrel. immediate support is seen at 56.62 (50-SMA), followed by another support at 56.00. On the other hand, immediate resistance is seen at 57.71 (23.6% R of 42.02-62.54), followed by another hurdle at 59.18 (200-SMA). May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD plummets to 1.5340 FXStreet (Edinburgh) - The sterling is rapidly depreciating vs. the greenback on Wednesday, dragging GBP/USD to lows around the mid-1.5300s. GBP/USD hurt by dollar momentum The context around the deb talks between Greece and its EU creditors continues to deteriorate today, hurting the risk sentiment. The dollar managed to revert the initial negative tone, impacting on the risk-associated universe and forcing spot to retreat to 3-week lows around 1.5340/35. In the UK economy, the next risk event will come with the release of the GDP preliminary figures for the first quarter, due tomorrow. GBP/USD key levels At the moment the pair is down 0.4% at 1.5346 with the next support at 1.5338 (low May 27) ahead of 1.5300 (psychological level) and then 1.5260 (76.4% of 1.5088-1.5815). On the upside, a breakout of 1.5439 (high May 27) would open the door to 1.5475 (high May 26) and finally 1.5478 (38.2% of 1.5700-1.5340). May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY moves toward 124.00, makes fresh 8-year highs FXStreet (Córdoba) - The dollar is extending gains into a fourth consecutive day versus the yen, having printed fresh 8-year highs on Wednesday following a steep rally the previous day. USD/JPY resumed the rise after a brief dip to the 122.75 zone, and climbed to its highest level since June 25 2007 at 123.76 in recent dealings. At time of writing, the pair is trading at 123.70, recording a 0.49% gain on the day. BOJ chief Kuroda said on Wednesday that is desirable that FX reflect economic fundamentals but refrained from making comments against weak JPY. USD/JPY levels to watch On the upside, next resistances are seen at 123.93 (Jun 25 2007 high) and 124.13 (Jun 22 2007 high). On the downside, supports could be found at 122.76 (daily low), 122.45 (intraday support May 26) and 122.00 (psychological level). May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD drops to session low of 1.5376 FXStreet (Mumbai) - The USD buyers are back amid data thin European calendar, pushing the GBP/USD pair lower to a fresh session low of 1.5376 levels. Rejected at 1.5425 The pair ran into offers at the high of 1.5425, resulting in a drop to its 200-DMA located at 1.5402. The bod tone on the USD got more pronounced as the pair fell below 1.5402. Moreover, the interest rate outlook in the US is driving the currency markets at the moment. Consequently, the USD resumed its uptrend after having witnessed moderate correction in the late Asian/early European session. GBP/USD Technical Levels The pair currently trades at 1.5385, with the immediate support seen at 1.5352 and 1.5337-1.5530. On the upside, major hurdle is seen at 1.5415-1.5425, followed by another hurdle at 1.5470. May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States MBA Mortgage Applications down to -1.6% in May 22 from previous -1.5% Read more in Forex News May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BoC on hold and USD/CAD towards 1.2550 – BBH FXStreet (Edinburgh) - The research team at BBH expects the BoC to remain on-hold today, while the pair could gain further traction to the mid-1.2500s. Key Quotes “In an otherwise featureless North American session, the Bank of Canada meets”. “The overnight rate is widely expected to remain unchanged at 0.75%. The key will be the accompanying statement”. “The Bank of Canada previously anticipated that economic activity would pick up in H2”. “There seems little reason to second guess that assessment at this juncture”. “On the eve of the April 15 meeting, the US dollar was trading near CAD1.2485. It is now changing hands near CAD1.2445 and looks poised to extend its gains. The next target is near CAD1.2550”. May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Mistake to think that Greek contagion is contained - US Treasury Sec Jack Lew FXStreet (Mumbai) - The US Treasury Secretary Jack Lew said on Wednesday that it would be a mistake to think Greek failure would not have any consequences on the wider world. Lew said, "The notion that there is no contagion, I think it’s a mistake to think that a failure is no consequences outside of Greece. We don’t know the exact scope." Lew added that the International Monetary Fund (IMF) needs to be flexible to avoid unnecessary crisis if Greece is willing to reforms. May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold recovers from fresh 2-week lows FXStreet (Mumbai) - Gold prices on Comex recovered partial losses, although remains in red during the European session, largely as the US dollar managed to fight back lost ground and trades steady ahead of a data-dry US session. Gold recovers from 1184.60 Currently, gold trades -0.13% at 1186.20, having posted day’s high at 1191 and fresh 2 week lows at 1184.60. Gold remains under pressure as the US dollar is set to resume is upward trajectory after a brief correction seen earlier today. Meanwhile, the US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, trades -0.08% lower at 97.30, retreating from fresh session lows reached at 97.01. A stronger greenback makes dollar-denominated commodities more expensive for holders of other currencies. The upside in the yellow metal remains capped he ongoing talks about the timing of the Federal Reserve (Fed) rate hike following a raft of stronger than expected US economic releases which kick-started with upbeat US CPI figures released on Friday. Gold Technical Levels The metal has an immediate resistance at 1192 and 1195 levels. Meanwhile, support stands at 1182 below which doors could open for 1178 levels. May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

ECB decides to leave Greece’s ELA limit unchanged at EUR 80.2 billion FXStreet (Mumbai) - According to sources from the European Central Bank (ECB), the Executive Board decided on Wednesday to leave Greece’s emergency liquidity assistance (ELA) limit unchanged at its current level of EUR80.2 billion. The ECB raised the ELA by a modest EUR200 million last week, suggesting that Greek banks had still some EUR3 billion of liquidity left even after a spike in deposit withdrawals in recent days. According to Greek Kathimerini newspaper, in the past few days, and particularly on Tuesday, there has been a significant increase in deposit outflows from Greek banks. Kathimerini noted, “Credit sector professionals reported that deposit outflows on Tuesday alone came to EUR300 million, against about EUR100 million per day in recent days. They said that while this amount is quite high, the situation is under control as citizens are remaining calm on the positive messages from Greek officials." May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP rejected at 0.7091 FXStreet (Mumbai) - EUR/GBP extends its upbeat momentum during the mid-European session, largely on the back of broadly stronger shared currency while markets now await the UK Q1 GDP revision on Thursday amid no significant macro releases later today. EUR/GBP awaits fresh cues Currently, the EUR/GBP cross trades 0.23% higher at 0.7085, having previously posted fresh session highs at 0.7091 some minutes ago. The cross in EUR/GBP edged higher this session although remains subdued amid lack of fresh triggers for the both the EUR and GBP as traders now shift their focus towards the second estimate of first-quarter economic growth in the UK. The majority of economists now expect an upward revision to 0.4%. The Bank of England (BoE) expects first-quarter growth of 0.5% in the final estimate. Moreover, the US dollar seems to have wiped out losses and is on its way to resume its upbeat macro data-led uptrend which again may keep a check on cross. EUR/GBP Levels to consider To the upside, the next resistance is located at 0.7091 (Today’s High) and above which it could extend gains to at 0.7116 (May 24 High) levels. To the downside immediate support might be located at 0.7030 (March 12 Low) levels below that at 0.7011 (March 11 Low) levels. May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

DAX defends mild gains FXStreet (Mumbai) - Germany’s benchmark index, the DAX manages to keep gains, holding on to a minor recovery after sharp sell-off seen on Tuesday after the US dollar rallied on the back of upbeat US macro figures while Greece default concerns also dragged the index lower. Currently, the DAX 30 trades 0.26% higher at 11656.50 levels, retreating from 11690 session highs. The DAX strives to maintain a bid tone as investors’ sentiment was hampered amid lack of progress seen on the Greece front ahead of its June 5 repayment to the IMF. The index is seen trading with a positive market breadth, the advance-decline ratio being 18:12. Heidelberg Cement is the top gainer up 1.41% followed by Beiersdorf AG up mere 1.16%. While E.ON SE is down -0.83% on the day, followed by MRG AG which is losing -0.73%. DAX Technical Levels The index has an immediate resistance at 11800. Meanwhile, support is seen at 11586 levels and 11410 levels. May 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States New Home Sales (MoM) came in at 0.52M, above expectations (0.51M) in April Read more in Forex News May 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD requires a move below 1.0870 to see further declines – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes EUR/USD technicals have turned back lower but the pair requires a break below 1.0870 to see declines towards 1.08 area. Key Quotes “The first key macroeconomic release in the US, the Durable Goods Orders for April fell 0.5%, although the Core reading surge 0.5% whist previous month figures were strongly revised higher. The dollar got a boost despite the monthly decline, and the EUR/USD fell down to test its low following the release.” “Technically, the 1 hour chart shows that the technical indicators have turned back lower below their mid-lines, whilst the 20 SMA provided intraday resistance.” “In the 4 hours chart, the price remains well below its moving averages, whilst the Momentum indicator heads strongly lower well below their mid-lines as the RSI consolidates around 28.” “Renewed selling interest below 1.0870, the immediate support, is now required to confirm a later approach to the 1.0800 region before the day is over.” “Support levels: 1.0870 1.0830 1.0800” “Resistance levels: 1.0940 1.0975 1.1010” May 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/MX off highs on data FXStreet (Edinburgh) - The Mexican peso is recovering part of the ground lost o the greenback in early trade, now dragging USD/MXN to the 15.28 region. USD/MXN testing 2-week tops The pair keeps the trade in the upper end of the weekly range after US Durable Goods Orders excluding the Transportation sector rose more than previously estimated during the last month, bolstering further the upbeat momentum around the greenback. In addition, Mexican retail sales surprised to the upside during March, advancing 0.2% inter-month and 5.5% over the last twelve months. USD/MXN relevant levels The pair is now gaining 0.23% at 15.2914 with the next resistance at 15.4297 (high May 12) followed by 15.4838 (high May 5) and finally 15.5935 (high May 1). On the other hand, a breakdown of 15.1843 (low May 22) would aim for 15.1328 (low May 21) and then 15.0737 (low May 19). May 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD hits 2-week low weighed by US data FXStreet (Córdoba) - GBP/USD resumed the fall and hit a fresh 2-week low as the dollar strengthened on the back of US durable goods data. GBP/USD dropped to a low of 1.5359, last seen May 8, and it was last trading at 1.5380, 0.56% below its opening price. US durable goods orders dropped 0.5% in April versus a fall of 0.4% expected. However, March durable goods orders rise was revised to 5.1% from a previously reported 4.4% gain. Excluding transportation, orders rose 0.5%, matching expectations. Separated data showed US home price index rose by 0.9% in March and 5.0% YoY. The dollar resumed its advance on Tuesday as investors are coming back after the holiday and digesting Fed Yellen's comments. On Friday, Fed Chairwoman said it would be “appropriate at some point this year” to start raising rates. Markets are regaining confidence the Fed will act sooner, after a soft series of Q1 data sparked skepticism. May 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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GBP/USD lid turn tighter on Yellen and dollar strength FXStreet (Guatemala) - GBP/USD is currently trading at 1.5480 with a high of 1.5691 and a low of 1.5467. GBP/USD has continued along in a sideways drift despite Yellen's speech coming as hawkish with intentions of a rate rise this year. "Delaying action to tighten monetary policy until employment and inflation are already back to our objectives would risk overheating the economy," was the key take away as well as, "For this reason, if the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy." She added however, "I should stress that the actual course of policy will be determined by incoming data and what that reveals about the economy. We have no intention of embarking on a preset course of increases in the federal funds rate after the initial increase. Rather, we will adjust monetary policy in response to developments in economic activity and inflation as they occur." There is nothing new here for us but it has underpinned the notion of a rate rise this year and keeps a lid on GBP/USD. Moving across to UK fundamentals, the recent retail's data was a strong catalyst for the demand in the pound of late but bulls may come reluctant to be too long without caution around the outcome of continued austerity in the UK economy under the Conservatives and the risks to the pound on an EU referendum. The ECB front loading QE may, however, offer extra liquidity in to UK assets and be supportive in the medium term. Technically, The 200 week moving average at 1.5894 reinforces overhead resistance. Closes below the 1.55 uptrend will leave the cloud support at 1.5059 exposed. May 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!