OctaFX_Farid

EUR/USD still seen squeezing higher – Scotiabank FXStreet (Edinburgh) - In the opinion of Camilla Sutton, Chief FX Strategist at Scotiabank, the pair could still have room for another temporary squeeze higher. Key Quotes “The focus for Europe has been its bond market, with yields driving higher and creating cascading effects across markets. Greece risk is ongoing with next week’s bond payment a major focus”. “EURUSD short‐term technicals: bullish—with strong upward momentum driving EUR to fresh highs and above its 23.6% Fibo retracement (1.1292) and its 100‐day MA at 1.1250”. “The risk for EUR is a temporary test higher still before it stabilizes and then fades lower. Support lies at the 100‐day of 1.1250 while resistance lies at 1.1400”. May 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD consolidates around 1.2150 FXStreet (Córdoba) - USD/CAD pushed higher during the American session as the loonie weakened in tandem with oil prices ahead of employment data on Friday from both Canada and the US. USD/CAD regained the 1.2100 mark and rallied to a high of 1.2157 before finding resistance and settling in a slim range just below. At time of writing, the pair is trading at 1.2145, recording a 0.83% gain on the day. Tomorrow, payrolls data will be release in both countries. In the US, a 224K job gain is expected after creating only 126K in March. Meanwhile in Canada, consensus calls for a 5K loss following a 28.7K rise the prior month. USD/CAD technical perspective “USDCAD rejects sub-1.20 levels again; strong rebound will accelerate above 1.22 towards 1.2450”, said the TD Securities team. May 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD hits fresh lows, approaches 0.7900 FXStreet (Córdoba) - AUD/USD broke below 0.7930 and dropped to 0.7909 hitting a fresh daily lows as the US dollar strengthened across the board. The pair moved sideways during the European session between 0.7965 and 0.7930 before breaking to the downside. AUD/USD still up for the week despite rate cut and jobs data The aussie continues to trade above the levels it opened on Monday against greenback despite the rate cut by the Reserve Bank of Australia and also after today’s employment report. In Australia the unemployment rose to 6.2% in April from 6.1% while a net 2,900 jobs were lost in the economy; analyst were expecting a gain of 4,000. The recent slide to fresh lows was boosted by a stronger dollar in the market, following better than expected jobless claims data in the US. So far the area above 0.7900 capped the decline but the pair continues under bearish pressure in the short term. May 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD hits fresh lows, approaches 0.7900 FXStreet (Córdoba) - AUD/USD broke below 0.7930 and dropped to 0.7909 hitting a fresh daily lows as the US dollar strengthened across the board. The pair moved sideways during the European session between 0.7965 and 0.7930 before breaking to the downside. AUD/USD still up for the week despite rate cut and jobs data The aussie continues to trade above the levels it opened on Monday against greenback despite the rate cut by the Reserve Bank of Australia and also after today’s employment report. In Australia the unemployment rose to 6.2% in April from 6.1% while a net 2,900 jobs were lost in the economy; analyst were expecting a gain of 4,000. The recent slide to fresh lows was boosted by a stronger dollar in the market, following better than expected jobless claims data in the US. So far the area above 0.7900 capped the decline but the pair continues under bearish pressure in the short term. May 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD extends pullback to fresh daily lows FXStreet (Córdoba) - EUR/USD fell further at the beginning of the American session and made fresh daily lows as the greenback recovers ground, underpinned by upbeat US initial jobless claims data. EUR/USD has lost more than 150 pips during the last hours, after being rejected from a 10-week high of 1.1391. The pair had rallied over the past few sessions, mainly driven by dollar weakness amid disappointing economic data. Meanwhile, media reports suggesting a Greek deal is unlikely for Monday has also weighed on the shared currency. At time of writing, the pair is trading at 1.1265, 0.71% below its opening price, having scored a daily low of 1.1236 in recent dealings. May 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

SEB: USD/CAD sees a probable double-bottom - eFXnews FXStreet (Barcelona) - The eFXnews Team shares that SEB believes the markets have nailed a potential double-bottom for USD/CAD in the short-term picture. Key Quotes “Price/momentum divergence should be noted as the market has nailed a potential "Double-bottom" in the short-term picture. This may be enough to keep the still ascending 233day exponentially weighted moving average band (1.1825/1.1725) out of reach.” “But for confirmation of this setup, 1.2205 must be reclaimed. Follow-through to and beyond the 55day exponentially weighted moving average band (1.2250\1.2390) would also be good to see.” This content has been provided under specific arrangement with eFXnews. May 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CHF recovers from 3-month lows FXStreet (Córdoba) - USD/CHF bounced off 3-month lows and erased intraday losses as the dollar was lifted by better-than-expected US initial jobless claims. USD/CHF briefly dropped below 0.9100 and scored its lowest level since Jan 29 at 0.9070 before turning higher. The pair has risen more than 100 pips over the last hours and reached a fresh daily high of 0.9175. At time of writing, USD/CHF is trading at 0.9170, now 0.15% above its opening price. US initial jobless claims stay near 15-year low The number of people applying for US unemployment benefits rose by 3,000 to 265,000 in the week ending May 2, beating expectations of 280,000 and holding near a 15-year low. The previous week print, unrevised at 262,000, was the lowest since 2000. USD/CHF levels to watch In terms of technical levels, USD/CHF could find immediate support levels at 0.9070 (daily low), 0.9040 (Jan 29 low). On the other hand, resistances are seen at 0.9200 (psychological level), 0.9278 (May 6 high) and 0.9350 (May 1 high). May 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Metatrade 4 Trading Software for OctaFX Traders! Dear traders, Metatrader 4 is the most comfortable and user-friendly trading platform on the market. Metatrader 4 unveils the latest technology and top-notch trading techniques. Metatrader 4 is highly customizable and convenient. It includes charting tools, market indicators, scripts and EAs, advanced risk management, real time market execution and more. Experience the outstanding convenience of Forex trading with Metatrader 4 on your Android-driven device! Forex trading has never been easier with MT4 Mobile for Android! The most wide-spread trading software in the world is now available for your iPhone/iPad. Login to your account and trade from anywhere in the world with your iOS device. MetaTrader 4 Mobile for WinMobile OS devices is your daily assistant and ultimate working tool. Stay mobile, trade in financial markets, receive market agendas and analyze them 24 hours a day with MetaTrader 4 Mobile! You can choose between Mobile and Smartphone editions of MT4 Mobile. Download and install it to always be in touch with your OctaFX real or demo account! Trading software Download Now! If any problems occur – feel free to contact us – we are glad to answer your every question. OctaFX-Most Reliable Forex broker 2014 by FX Empire!

GBP/USD struggles to extend gains on weak US data FXStreet (Mumbai) - The GBP/USD pair saw a minor jump to 1.5261 before falling back below its 10-DMA located at 1.5233 despite the weaker-than-expected monthly private sector job additions showed by US ADP data. Focus on UK elections The volatility in the GBP pair is on the rise ahead of the general elections in the UK, which may result in a hung parliament. Experts say the worst outcome is one of no overall majority and no coalition being formed, so either main party having to govern on a vote by vote basis. The polls have repeatedly shown two main parties- conservatives and labor – in a neck to neck race. It remains to be seen if the currency pair on Thursday emulates its more than 300-pip fall on election day back in 2010. GBP/USD Technical Levels The pair now trades at 1.5221. The immediate resistance is located at 1.5250, above which the pair could rise to 1.5315 (Feb. 17 low). On the other hand, a break below 1.5163 (10-DMA) could push the pair down to 1.5100. May 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US Private sector added 169K jobs in March – ADP FXStreet (Mumbai) - The data released by the Automatic Data Processing, Inc, (ADP) showed the US private sector added far less jobs in April than the consensus estimate, thereby contradicting the Fed’s view that the jobs growth could remain robust despite slowdown in the first quarter. The ADP report showed private sector in the US added 169,000 jobs in April. Economists had called for the report to show private employers added 200,000 jobs in April, compared to 189,000 additions seen in March. Small sized firms (1-49 employees) added 94K jobs, Mid-sized firms (50-499 employees) added 70K jobs, and Large sized firms (500+ employees) added 5K jobs. Sector wise details reveal 170K jobs were added by the service industry, while the goods-producing sector shed 1K jobs in April. May 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/NOK targets 8.00 by end of 2016 – BAML FXStreet (Edinburgh) - Analyst at BAML Myria Kyriacou sees the cross heading towards the 8.00 handle by the end of next year. Key Quotes “We maintain our EUR/NOK forecasts, targeting 8.30 by end-2015 and 8.00 at end-2016, but note that there is increased uncertainty, particularly at the front end of the path”. “The recovery in oil removes some of the urgency for the Norges Bank to act immediately”. “Conversely, NOK strength increases the possibility of easing, as does the latest Labor Force Survey unemployment data which showed increasing weakness in the labour market”. “We believe Norges will cut rates again in May or June, though a May cut is a close call, and we maintain a preference for June”. “In any event we expect a continued easing bias. However if the relative resilience in data continues and oil stabilises we may see expectations of more than one further rate cut this year gradually priced out. In the medium term, ECB QE will be beneficial for Norway, as well as pushing EUR lower”. May 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD 6M forecast at 1.23 – Rabobank FXStreet (Barcelona) - Expecting Fed to hike rates in December, Jane Foley, Senior Currency Strategist at Rabobank, now forecasts USD/CAD at 1.23 in 6 months and 1.25 in 9 months. Key Quotes “The market has inferred that the BoC is not positioning itself to follow its January ‘insurance’ interest rate cuts. This conclusion has added further support to the CAD. Together with the recent broad-based sell off in the greenback, the value of USD/CAD has plunged over 6% from its mid-March high.” “Canadian trade data for March highlighted a widening in the deficit to a record C$3 bln led by a slump in energy exports. These data should hamper further upside potential for the CAD although the outlook will remain dominated by oil prices.” “On the basis that we expect the Fed to hike rates in December this year, we expect USD/CAD will push higher again in the months ahead. That said, we have pared back our 6 mth USD/CAD forecast to 1.23 and 1.25 in 9 mths.” May 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Outlook for FX majors – Littlefish FX FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook for FX majors, expecting a retest of 1.1350 levels in EUR/USD if the pair maintains above 1.1120/40. Key Quotes “EUR: While 1.1120/40 supports intraday expect retest and break of last weeks highs en-route to 1.1350” “GBP: While 1.5050 supports the advance expect a retest and break of 1.55 en route to 1.5560” “JPY: Rejected at the 120 descending trendline resistance offers a break and close above 120.50 opens April highs” “CAD: Bids at 120 continue to support on a closing basis, while this level survives anticipate a retest of 123/24 from below” “AUD: Offers at .8050 reject on the first attempt while .78 supports potential for another run at .8050” May 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-Micro account! Micro account is a perfect choice for beginner level traders or for those who would like to test their trading system. The advantages of Micro account are obvious. You can try out our requote-free trading, market execution in less than a second and Metatrader 4 trading platform with as low as 5 USD minimal deposit. Minimal deposit is only 5 USD Floating spread from 0 pips Minimal volume is 0.01 lot Leverage up to 1:500 No requotes 50% Bonus on each deposit 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!

DXY bounces off 95.20 FXStreet (Edinburgh) - After bottoming in the area of 95.20, the US Dollar Index is now looking to regain the 95.30/35 band. DXY weaker on US data The index is giving away part of recent gains following the results from the US trade balance, where the trade deficit increased to $51.37 billion during March vs. $41.2 billion expected and $35.89 billion previous. The US Services sector will take centre stage next, with Markit’s Services PMI and the ISM Non-manufacturing due. The dollar is trading in red after two consecutive session of gains, looking to recover part of the ground lost following last week’s deep pullback. DXY relevant levels The index is now retreating 0.12% at 95.36 and a break below 95.04 (low May 4) would aim for 94.50 (low May 1) and then 94.40 (low Apr.30). On the upside, the initial hurdle lines up at 95.62 (high May 4) ahead of 96.18 (high Apr.29) and finally 96.93 (high Apr.28). May 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Betting on a lower GBP/JPY into UK election uncertainty – TDS FXStreet (Barcelona) - The TD Securities Team prefer staying short GBP/JPY in the short-term into election uncertainty, but remain bullish on GBP crosses into H2. Key Quotes “We believe the steepening in 2s5s and 2s10s could extend further for now. The MPC message will likely continue to sound evasive while global risks around the US and oil remain vague, not to mention near-term uncertainties around the UK general election.” “ECB buying and still low oil prices, however, are likely to help the long-end outperform, and expect 5s30s and 10s30s flattening from here.” “In FX, we like punting on a lower GBPJPY in the short-term as election uncertainty is the main market driver. But moving past the election period into the second half of the year, we like fading EURGBP rallies and buying GBPCAD dips.” May 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canada Trade deficit widened to record CAD 3 billion in March FXStreet (Mumbai) - The Canada trade deficit in March widened to a record high as the value of energy exports fell while the imports rose, with consumer goods imports rising sharply. The trade deficit in March rose to CAD 3 billion, compared to the estimate of CAD 0.8 billion. As per the data released by Statistics Canada, Energy exports fell by 8.9% to CAD 6.89 billion in March, including a 29.7% drop in refined petroleum products to CAD 855 million. On an annualized basis, energy exports were down 43.7%. Meanwhile, imports rose 2.2% to a record CAD 45.5 billion, mainly on account of a 7.9% jump in consumer goods imports. The previous month’s trade deficit was revised to CAD 2.22 billion from CAD 984 million on updated energy figures. May 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Chile IMACEC: 1.6% (March) vs previous 2% Read more in Forex News May 05,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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!

Key events ahead in China – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team previews the key data releases ahead in China, and further comments on easing expectations from the PBoC. Key Quotes “HSBC reports China April services and composite PMI Wednesday. HSBC final manufacturing PMI was softer than expected at 48.9 vs. 49.2 flash and 49.6 final in March.” “The trend of a softening Chinese economy seems well priced is, as are the prospects of more stimulus measures.” “We do not believe policymakers are embarking on a weak yuan policy. Indeed, PBOC fixed USD/CNY last week at the lowest level since December 17.” “China reports April trade data Friday, with exports seen up 2.6% y/y and imports seen down -10.3% y/y." "On Saturday Asia time, China reports April CPI and PPI, with the former seen up 1.6% y/y and the latter seen down -4.5% y/y.” May 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD to test 0.75 if RBA cuts rates in tomorrow’s meeting – MarketPulse FXStreet (Barcelona) - With market expectations for a RBA rate cut in tomorrow’s meeting high, Dean Popplewell, Director of Currency Analysis and Research at MarketPulse, sees downside potential for AUD/USD towards 0.75. Key Quotes “The RBA meets tomorrow and the market is pricing in a +72% chance of a -25bps cut to +2%. Last week’s AUD move above AUD$0.80c would have alarmed the RBA.” “If the RBA cuts, watch whether the statement leave the door ajar for further cuts. If it does, the AUD outright should make tracks back down towards AUD$0.75c, its old stomping ground.” “Any hesitation by the RBA and the Aussie bears should come under considerable pressure, especially after last weeks selling interest that has established ‘hot’ money short positions north of AUD$0.80c.” “The upcoming decision is providing a headwind for the AUD currency with AUD/USD at 0.7830 just ahead of the NY morning.” May 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/JPY bullish above 135 – FXMarketAlerts FXStreet (Barcelona) - The FXMarketAlerts Team gives the technical outlook and key levels for EUR/JPY, noting that the pair requires a move above 135 levels to see a bullish tone. Key Quotes “After halting at the 135~ target/ Jan-Feb high volume on Fri., the EUR's dipped a little this am. No strong top has been signalled yet, though, and with light volume featuring on the pull back today, a fresh push at 135 should follow shortly (butwill need to build above 135 to move us to bullish.)” “R3: 136.68 * 11, 12-Feb highs R2: 135.25 Fri high R1: 135.00 * Jan-Feb high volm S1: 133.85 Fri low S2: 131.50~ * end-Mar-Apr highs S3: 131.25 30-Apr low” May 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

DXY drops to lows, US data eyed FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, is giving away initial gains and is currently testing the area of 95.20, or daily lows. DXY turns negative The index has reverted an auspicious start managing to climb to intraday tops beyond 95.60, although the up move lacked follow through, triggering the current knee-jerk. The USD is now posting meagre losses after the strong recovery last Friday, ahead of US Factory Orders due later, with prior surveys expecting a monthly advance of 2.0% during March. DXY relevant levels The index is now losing 0.05% at 95.25 and a breach of 94.50 (low May 1) would aim for 94.40 (low Apr.30) and then 94.06 (low Feb.26). On the upside, the initial hurdle lines up at 95.62 (high May 4) ahead of 96.18 (high Apr.29) and finally 96.93 (high Apr.28). May 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold prints fresh daily high at USD 1191.8/Oz FXStreet (Mumbai) - Gold prices rose to a fresh daily high of USD 1191/Oz in the early US session as the USD index erase gains and fell into losses. Gold testing hourly 200-MA The metal is currently trading around its hourly 200-MA located at USD 1191.8/Oz. Prices received a boost from the drop in the USD index ahead of the factory orders data. The USD index fell from a high of 95.78 to trade at 95.38 levels. The metal may extend gains over and above its hourly 200-MA in case the USD index extends losses on a weaker-than-expected factory orders print. Gold Technical Levels The immediate resistance is seen at 1192.00, above which gains could be extended to 1200.00. On the other hand, a break below 1186.5 could push the metal back to 1180.1. May 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD erases daily losses FXStreet (Córdoba) - The British pound managed to bounce from daily lows and erased intraday losses at the beginning of the American session to trade nearly flat on the day against the dollar. The greenback lost momentum and retreated across the board, helping GBP/USD to bounce from a low of 1.5089 to 1.5148. At time of writing, the pair is trading at 1.5140, virtually unchanged on the day. However, sterling investors might remain cautious ahead of Thursday’s UK general elections as polls continue to paint a hung parliament outcome. GBP/USD technical outlook “The technical picture continues to favor the downside, despite in the 1 hour chart, the RSI aims higher from oversold territory, as the price stands below its 20 SMA whilst the Momentum indicator heads lower 100”, commented Valeria Bednarik, chief analyst at FXStreet. “In the 4 hours chart the 20 SMA turned sharply lower well above the current level, whilst the technical indicators are fading its latest upward corrective movement near oversold territory”. May 04,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!