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US Q1 GDP growth to be revised lower – Danske FXStreet (Barcelona) - The Danske Bank Research Team previews the key data releases in the US in the next week. Key Quotes “We expect US Q1 GDP growth to be revised lower over the coming week, due primarily to exports and inventories.” “We expect the underlying upward trend in the US housing market to continue and we look for a rebound in both new home sales and pending home sales in April.” May 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Why the rally in the greenback on "more or less" in-line CPI's? - FXStreet FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the dollar stands victorious this week, having accelerated its advance on Friday on the back of stronger-than-expected inflation readings in the US. Key Quotes: "Furthermore, the FOMC released the Minutes of its latest meeting, saying that most of the voting members see a rate hike in June as "unlikely." But the dollar came back like a vengeance on Friday,after the release of inflation figures." "Were the numbers that bright actually? In fact, not: The CPI increased 0.1% in April on a seasonally adjust basis against prior 0.2% and fell 0.2% against an expected decline of 0.1%. The core reading, excluding food and energy, matched the previous reading of 1.8% yearly basis, whilst the monthly reading improved to 0.3% from previous 0.2%." "So why is the dollar rallying so sharply? Because we like it or not, the US is the only major economy in the path of tightening its economic policy, whilst the rest continues to struggle with decisions of whether or not extending their stimulus programs." "And while a June rate hike may be "unlikely," investors are quite convinced that the year won't end without US rates getting a lift." "During the upcoming week, the market will pay special attention to Durable Goods Orders to be released on Tuesday, housing data scheduled for Tuesday and Thursday, but it won't be until Friday, with the first revision of Q1 GDP that the market will get a clearer picture regarding rates." "Anyway, keep in mind that dollar dips, as long as hopes for a rate hike sometime this year subsist, are just buying opportunities, particularly against currencies which Central Banks are looking to keep stimulus up." May 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

NZD/USD: Back on track within descending channel FXStreet (Guatemala) - NZD/USD is currently trading at 0.7383 with a high of 0.7384 and a low of 0.7340. NZD/USD has resumed the downside post overnight demand that took the bird up to test the bear's commitments, protecting the 0.74 handle. However, the rally only made it as far as the 0.7390's and the EMA 200 on the hourly. So far today, CPI's in the US are fuelling a rally in the greenback. We now await Yellen talking. Yellen is scheduled to talk at 11 p.m. ET with a speech on the economy to the Greater Providence Chamber of Commerce. The speech may either underpin the Feds's optimism and add further to the Kiwi's descent or the outcome may arise as less bullish and slightly dovish in respect to the recent disappointments in data in the US economy, binging 0.7400 back in to the picture in the short term. Technically, there is little that is new. We are in the descending channel from 0.7560 and targeting 0.73 for further downside below recent lows (0.7277) with a fade on rallies strategy until 0.7108, being the March 2011 lows. May 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD: technicals providing an early warning sign – Scotiabank FXStreet (Barcelona) - Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank, notes that GBP/USD trades weak post comments from BoE MPC member Shafik, while the turn in MACD provides an early warning sign for traders. Key Quotes “GBP is weak, underperforming ahead of the NA session in response to comments from BoE MPC member Shafik. The comments reiterated a neutral tone of patience, highlighting expectations of a gradual pace of hikes while also pushing back on expectations of balance sheet adjustment in the absence of a ‘materially higher’ policy rate.” “GBPUSD short-term technicals: bullish-neutral—momentum indicators have softened with the turn in the MACD providing an early warning sign. Resistance over the past two sessions has been observed around 1.5700 with limited movement above the 9 day MA (1.5656).” May 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX Champion - Get inspired by success stories of Round 38 OctaFX Champion demo contest winners! We can’t wait to share the experience of our OctaFX Champion demo contest winners with you. The stories are diverse and packed with some good pieces of advice that might be useful especially for newbie traders. Take a dare! And next success story might be about you. 1st place - Mr. Crisojohennus Egi Bin Johnson from Malaysia 2nd place - Mr. Carvel Gabbidon from Jamaica 3rd place - Mr. Achmad Dermawan Simatupang from Indonesia The last runner - Mr. Andrey Gladkih from Hungary 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. Join our next round registration for the contest and become a champion! Next round is open for all participants! 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!

OctaFX Champion - Get inspired by success stories of Round 38 OctaFX Champion demo contest winners! We can’t wait to share the experience of our OctaFX Champion demo contest winners with you. The stories are diverse and packed with some good pieces of advice that might be useful especially for newbie traders. Take a dare! And next success story might be about you. 1st place - Mr. Crisojohennus Egi Bin Johnson from Malaysia 2nd place - Mr. Carvel Gabbidon from Jamaica 3rd place - Mr. Achmad Dermawan Simatupang from Indonesia The last runner - Mr. Andrey Gladkih from Hungary 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. Join our next round registration for the contest and become a champion! Next round is open for all participants! 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 hovers above 1.1100, immune to US data FXStreet (Córdoba) - EUR/USD extends its sideways phase at the beginning of the New York session as the latest string of US data failed to trigger decent moves across the board, as investors continue to assess FOMC minutes and await the more important US consumer inflation data due tomorrow. EUR/USD recovered from below 1.1100 and reached a peak of 1.1180 during the European session, supported by Eurozone data. However, the shared currency failed to hold at highs for long. At time of writing, EUR/USD is trading at the 1.1120 zone, recording a 0.25% gain on the day. The euro has lost nearly four big figures this week, sliding from a 3-month high of 1.1466 last Friday to a low of 1.1061, weighed by Greek lingering concerns and dovish comments from ECB officials, suggesting the possibility the bank could increase the amount of bond purchases and extend the program beyond September 2016. EUR/USD technical levels As for technical levels, EUR/USD could find immediate supports at 1.1061 (May 20 low), 1.0990 (50% retracement of 1.0520 - 1.1466) and 1.0935 (50-day SMA). On the flip side, resistances line up at 1.1180/84 (daily high/20-day SMA), 1.1200 (psychological level) and 1.1245 (10-day SMA). May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US Q1 GDP to see a downward revision into negative zone – TDS FXStreet (Barcelona) - Jacqui Douglas, Chief European Macro Strategist at TD Securities, expects the second reading of US Q1 GDP to be released on 29th of May, to lead to a downward revision to -0.6%. Key Quotes “The second reading of Q1 GDP will a substantial downward revision from the 0.2% SAAR advanced estimate, and we’re looking for a -0.6% reading. The main source of downward revision comes from a mammoth March trade deficit, although it’s difficult to say how much attention markets will really pay to the negative print given the widespread talk of problems with the BEA’s seasonal adjustment.” “Earlier in the week, markets will be watching Tuesday’s durable goods report for any real signs of improvement to begin Q2 after two quarters of weakness.” May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Eurozone PMIs set to improve over the course of 2015 – TDS FXStreet (Barcelona) - Reviewing the Eurozone flash PMIs release, the TD Securities Team believes that the slight weakness seen in today’s data is likely to be replaced by a improvement on a trend basis over the course of 2015. Key Quotes “Today’s Eurozone flash PMIs for May suggested a bit more downside than we were looking for. French services disappointed as we expected as the PMI only rose from 51.4 to 51.6, a few tenth shy of expectations, but there was also more weakness reported in German manufacturing, where the PMI fell from 52.1 to 51.4 and missed the slight acceleration we were tracking.” “The details were also soft, as Germany reported soft export demand and new orders while French domestic industry struggled to build any momentum.” “We have been worried of some of the backwash from the disappointing growth in the US in Q1 filtering into some of the global data and this may be one factor, but overall, we would still expect Eurozone PMIs to improve on a trend basis over the course of the year.” May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Eurozone PMIs set to improve over the course of 2015 – TDS FXStreet (Barcelona) - Reviewing the Eurozone flash PMIs release, the TD Securities Team believes that the slight weakness seen in today’s data is likely to be replaced by a improvement on a trend basis over the course of 2015. Key Quotes “Today’s Eurozone flash PMIs for May suggested a bit more downside than we were looking for. French services disappointed as we expected as the PMI only rose from 51.4 to 51.6, a few tenth shy of expectations, but there was also more weakness reported in German manufacturing, where the PMI fell from 52.1 to 51.4 and missed the slight acceleration we were tracking.” “The details were also soft, as Germany reported soft export demand and new orders while French domestic industry struggled to build any momentum.” “We have been worried of some of the backwash from the disappointing growth in the US in Q1 filtering into some of the global data and this may be one factor, but overall, we would still expect Eurozone PMIs to improve on a trend basis over the course of the year.” May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Philadelphia Fed Manufacturing Survey came in at 6.7 below forecasts (8) in May Read more in Forex News May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/MXN climbs to highs on GDP FXStreet (Edinburgh) - The Mexican peso is now losing further ground vs. its northern neighbor, pushing USD/MXN to intraday tops near 15.25. USD/MXN stronger on data The pair saw its upside intensified after the Mexican GDP figures showed the economy expanded 0.4% inter-quarter during Q1 and 2.5% over the last twelve months, bettering expectations albeit a tad lower than the previous prints. In addition, the Economic Activity contracted 0.6% MoM during March and rose 2.7% on a yearly basis. North of the Rio Grande, Markit’s manufacturing PMI came in on the softer side, falling to 53.8 for the current month vs. 54.5 expected and April’s 54.1. USD/MXN important levels As of writing the pair is advancing 0.31% at 15.2412 and a breakout of 15.4295 (high May 12) would open the door to 15.5935 (high May 1) and finally 15.6676 (high Mar.10). On the downside, the next support lines up at 15.0737 (low May 19) followed by 15.0035 (low May 18) and then 14.8347 (low Apr.8). May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP breaches 0.7100 FXStreet (Edinburgh) - EUR/GBP has sharply reverted the initial positive tone and is now re-visiting multi-week lows in sub-0.7100 levels. EUR/GBP in 3-month lows The solid pace of the pound is dragging the European cross below the 0.7100 handle, levels last seen in mid-March. The sterling is gathering further traction in response to the very auspicious results from UK retail sales during the last month, advancing beyond expectations. In addition MPC M.Weale said that declining oil prices could have a negative impact on consumer prices while they could help lifting economic growth. In any case, he added that the effects should be gone in a couple of years. EUR/GBP key levels The cross is now losing 0.62% at 0.7098 with the immediate support at 0.7091 (low May 21) ahead of 0.7036 (low Mar.12) and then 0.7015 (2015 low Mar.11). On the flip side, the initial up barrier lines up at 0.7169 (high May 21) ahead of 0.7196 (10-d MA) and finally 0.7232 (high May 19). May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/JPY sold at 135.30; back to 134.60 FXStreet (Cocoa) - The Euro is currently falling against the Japanese Yen and after losing 70 pips from 135.30 in the American morning, the EUR/JPY is now testing 134.60 area. Euro is under pressure amid mixed European data and strong USD. Currently, EUR/JPY is trading at 134.68, up 0.05% on the day, having posted a daily high at 135.38 and low at 134.22. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. EUR/JPY levels If the Euro extends declines beyond 134.60 against the Yen, it will find supports at 134.20, 134.00 and 133.50. To the upside, resistances are at 135.00, 135.30 and 135.70. May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US initial jobless claims rise more than expected, 4-week avg at 15-year low FXStreet (Mumbai) - The US labor department data released on Thursday showed the first time applications for unemployment benefits rose to 274K, bearing the estimate of 271K in the last week, although the four-week average continued to remain at a 15-year low. The initial jobless claims increased by 9,000 to 274,000 in the week ended May 16. The four-week average of claims, which provides a more accurate picture of the labor market strength, decreased to 266,250, lowest since April 15, 2000, in the period ended May 16 from 271,750. Meanwhile, the continuing claims decreased by 12,000 to 2.21 million in the week ended May 9, the lowest level since November 2000. May 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Economic Calendar,Forex Calculator and more available at OctaFX.com! Dear clients! Whenever you need market information, a forex calculator or the time of the important news release – it’s all here for you: Forex Calculator - a very useful tool for all the traders out there. It allows calculating required margin, pips price and many other parameters. Economic Calendar – a must-use tool for any trader. It lists all the important news releases for the upcoming week. Real Time Live Quotes – quotes for all the OctaFX forex currency pairs are available on this page so you always know the current rates And a lot of other important information for you is now available in the Markets sectionof OctaFX.com. We are proud to be providing top forex brokerage services to our clients all around the world. Stay tuned for the news and updates from OctaFX! You can view OctaFX Economic Calendar here with all the important news releases for the coming week. The values are updated after the news is released. Explore new level of trading with OctaFX! Thank you for choosing OctaFX as your top-notch Forex Broker. 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!

Greece robs “Peter to pay Peter” – MPP FXStreet (Barcelona) - Dean Popplewell, VP of Currency Analysis and Research at MarketPulse, comments on the key developments surrounding the Greece debt deal, with the Greeks warning of defaulting on the next IMF repayment. Key Quotes “The 19-member single unit continues to lean on the back foot, straddling the psychological €1.1100 handle this morning, with pressure again being applied from Greece’s payment schedule. The EUR hit fresh monthly lows at €1.1062 as Greece hardens its negotiating stance by threatening to withhold its next IMF payment. Nevertheless, the key support area has held for now, with the pair remaining locked into the lower end of its recent weekly range.” “To the market, it’s not a surprise that the Greek government is warning again that they could miss a payment – the June 5 IMF one. Last week their actions highlighted the precarious nature of their financial situation. Greece raided their reserve accounts at the IMF to keep to its current payment schedule. Basically the Greek authorities are applying not so subtle pressure to get their international creditors to bulge from current demands.” “Nonetheless, the IMF does not scare easily, they, like anyone else, want a permanent deal to ensure sustainability, and the ECB will not be drawn into a political battle. Neither entity can afford to be the instigator that pushes Greece to trigger Grexit, but the cash has run out.” May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD technicals supporting additional gains – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, explains that GBP/USD technicals remain supportive for additional gains towards 1.5620. Key Quotes “The GBP/USD pair recovered from a daily low of 1.5471 on the back of BOE's Minutes, which resulted less dovish than expected and showed that all of the 9 MPC members voted to keep their current economic policy unchanged.” “The 1 hour chart shows that the price stands above a flat 20 SMA around 1.5500, whilst the technical indicators regained positive ground and head higher, anticipating additional short term advances.” “In the 4 hours chart, the technical indicators are bouncing from oversold readings, albeit the price struggles around the 38.2% retracement of its latest daily bullish run, with further gains supporting an intraday advance up to 1.5620.” “Support levels: 1.5440 1.5400 1.5360” “Resistance levels: 1.5545 1.5585 1.5620” May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD recovery stalled near 1.1150 FXStreet (Edinburgh) - The euro’s attempt to clinch higher levels vs. the greenback appears to be limited around the mid-1.1100s so far, with EUR/USD now easing towards 1.1115/10. EUR/USD lower on USD, Greece The solid pace of the US dollar keeps the demand for the single currency subdued, while capping at the same time occasional bullish attempts. Collaborating with today’s decline, Greek jitters are on the rise fuelled by rumours citing the Hellenic country would be unable to repay the IMF without fresh funds. Fanning the flames, the likeliness of deposits freeze and capital controls keep building up, while the ECB will decide in early June whether to keep using its ELA scheme on Greek banks. EUR/USD relevant levels As of writing the pair is down 0.42% at 1.1102 with the next support at 1.1062 (low May 20) ahead of 1.0994 (50% of 1.0521-1.1468) and then 1.0960 (low Apr.29). On the flip side, a break above 1.1151 (3821-d MA) would expose 1.1166 (100-d MA) and then 1.1237 (38.2% of 1.1468-1.1095). May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD aims to the low-0.70s by year-end – JP Morgan FXStreet (Edinburgh) - Divergent monetary policies from the RBA and the Fed could relegate the pair to test the low-0.70 by the end of the current year, noted analysts at JP Morgan. Key Quotes “Movements in the real policy rate spread between Australia and the US have been an important driver of AUD/USD moves over the last decade”. “50bp of tightening from the Fed in 2015, combined with iron ore prices moving back down from +US60/tn to around US$50/tn is consistent with AUD/USD in the low 70s by year-end”. “However, on the rates side, with the move being US-driven, our view of a lower AUD/USD relies on the US economy’s 1Q stumble proving temporary”. May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD rebounds to 1.5550 FXStreet (Mumbai) - Fresh bids took control of the GBP/USD pair as it broke above 1.5520-1.5530 levels, pushing it to a fresh daily high of 1.5562 in the early US session. USD being sold ahead of Fed minutes The US dollar is being sold in anticipation of dovish Fed minutes. The markets expect policymakers to hint at at a possible delay in the rate hike due to weakness in the economy. The growing dovish expectations are evident from the drop in the US treasury yields. The 10-year yield currently trades 1.4 basis points lower at 2.248%, resulting into USD weakness. The pair currently trades at 1.555, with eyes set on the 38.2% Fib retracement of 1.7190-1.4564 located at 1.5568. GBP/USD Technical Levels The immediate resistance is located at 1.5568, above which the pair could rise to 1.5637 (10-DMA). On the other hand, a break below 1.5517 could send the pair lower to 1.5420 (200-DMA). May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold trades above 200-DMA and hourly 200-MA FXStreet (Mumbai) - Gold prices trade above 200-DMA and hourly 200-MA currently located at USD 1207.28 and USD 1206.49 respectively ahead of the Fed minutes. Gold tracks USD index The metal printed a daily high of USD 1211.4 as the USD index fell from the session high of 95.94 to trade moderately positive on the day around 95.50 levels. In the absence of major economic data across the Europe, the metal remained focused on the USD index. Ahead in the day, the Fed minutes could provide trigger to the yellow metal. Markets are speculating a dovish tilt in the minutes – possible indication of a delay in the rate hike in the wake of weak US economic data. Such an outcome could be supportive for Gold. Gold Technical Levels The metal currently trades at 1208.2, with immediate resistance is seen at 1215.1 (Apr. 28 high) and 1218 (5-DMA). On the flip side, a break below 1207.28 (200-DMA), could see the prices revisit the daily low at 1203. May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD forming a bearish reversal – EW-Forecast FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, uses Elliott wave analysis to give the technical outlook for GBP/USD. Key Quotes “On GBPUSD we are looking A-B-C rally from April lows; a zigzag pattern that has a 5-3-5 structure which now appears complete after a sharp turn down in the last 48 hours from 1.5818 which seems to be an impulse in progress down in wave 1/A.” “As such, we see much lower levels ahead as pair should make minimum three waves down but ideally market will make a new big bearish impulse, back to April lows.” May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Combination of factors leads to another bad day in crude markets – Malcolm Graham-Wood FXStreet (Barcelona) - Independent Analyst, Malcolm Graham-Wood comments on oil market performance and highlights the key factors behind yesterday's dismal performance. Key Quotes “Another bad day in the crude markets yesterday as a combination of continued dollar strength, absorption of Saudi export numbers and profit taking in WTI as the June contract expired. Indeed volumes of the next month July contract were noticeably higher than usual as traders saw more than usual rolling over of positions, not surprising considering the massive amount of open long positions at the moment.” “Upward pressures at the moment might come from the better than expected GDP figures from Japan at 2.4%, a possible strike in the UK North Sea as the GMB and Unite unions protest about new working conditions and inventory reports from the US ahead of the Memorial Day holiday weekend.” “The inventory figures are beginning to help out a bit, last night the API numbers showed another draw, this time of 5.2m barrels against a consensus of only 1m which shows that the analysts aren’t getting any better…Lets see how the EIA numbers look tonight.” May 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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