OctaFX_Farid

BoJ to keep policy unchanged in its April meeting – BAML FXStreet (Barcelona) - According to BofA-Merrill Lynch, BoJ will likely keep its policy unchanged in its 30th April meeting, and lower the FY15 price outlook. Key Quotes “We expect the BoJ to leave policy unchanged at its Monetary Policy Board meeting on 30 April. Although it is likely to lower the FY15 price outlook in its Outlook report set for release the same day, we expect its outlook for inflation to start rising in the fall and reach 2% in FY16 to remain unchanged.” “Its decision to expand QQE last October was a surprise, but Governor Kuroda said at a press conference on 8 April that, unlike in October 2014, he currently sees little risk of deflation returning, and we do not think the situation has changed radically in a short time.” “If the BoJ did announce another surprise easing, it would probably cause the market to question the credibility of its statements.” “The BoJ will be forced into a more cautious monetary policy if prices do not rise in accordance with its outlook. At this stage, it will probably stick with its current QE formula built on expanding its balance sheet, but if it does opt for additional easing, given that it will be difficult for it to significantly increase the quantity of its JGB purchases and that any further declines in already low JGB yields would likely have limited impact, we think that rather than pursue greater quantity the BoJ is more likely to strengthen qualitatively, such as by lengthening the maturities of the JGBs it purchases, increasing its ETF purchases, and buying new types of financial assets.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/UD advances to 1.0870 post-US data FXStreet (Edinburgh) - EUR/USD has resumed its intraday upside following the releases in the US docket on Friday, currently testing the 1.0870 area. EUR/USD firmer on data The pair accelerated the rebound after US Durable Goods Orders surpassed estimates during March, expanding at a monthly pace of 4.0%, leaving behind forecasts for a 0.6% advance and reverting February’s 1.4% drop. Excluding the Transportation sector, orders contracted 0.2% MoM, missing estimates for a 0.3% gain. That was all from the data front on Friday, with market participants are still digesting the recent Eurogroup results and gauging the future steps of Greece ahead of the late-June deadline. EUR/USD levels to watch At the moment the pair is gaining 0.42% at 1.0869 with the next hurdle at 1.0901 (high Apr.24) ahead of 1.0914 (76.4% of 1.1036-1.0521) and then 1.0955 (high Apr.7). On the downside, a breach of 1.0769 (21-d MA) would open the door to 1.0730 (10-d MA) and finally 1.0666 (low Apr.23). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD downtrend still in play, might see 1.04 over 12M – Rabobank FXStreet (Barcelona) - Despite EUR/USD having seen higher levels since morning, the pair still remains trapped in a sideways range, notes Jane Foley, Senior Currency Strategist at Rabobank, and further forecasts the pair at 1.04, over a 12month view. Key Quotes “This morning’s squeeze higher in EUR/USD demonstrates that volatility in the currency pair is showing little sign of capitulating. While heightened levels of volatility have been a feature of the currency pair all year, there has been a change over the past month or so insofar EUR/USD has been trading in a choppy, sideways trend rather than lower.” “Currently EUR/USD is on course for ending the month higher, for the first time since June 2014. That said, we are of the view that it is too early to call an end to the downtrend that has persisted since the middle of last year. For that to happen the EUR/USD1.10/1.11 resistance area would have to be cleared.” “The Greek situation provides good reason to expect that volatility in EUR/USD will remain at a heightened level in the coming weeks. Overall, we retain our view that the view that USD strength will remain a theme for 2015, albeit at a moderated level. Our 12 mth forecast for EUR/USD stands at 1.04.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD off highs near 1.5120 FXStreet (Mumbai) - GBP/USD trimmed gains and inched back closer towards 1.51 handle, deflating from highs near 1.5150 – psychological figure, largely on the back of a major pull back seen in the US dollar across the board erasing previous losses ahead of release of a set of major US economic data. US data awaited The GBP/USD pair trades 0.43% higher at 1.5120, retreating from fresh 5-week highs at 1.5146. The GBP/USD pared some gains as the US dollar managed to fight its way back against its major peers, wiping out entire losses ahead of US open. The US dollar index which measures the relative strength of the greenback against a basket of six major currencies recovered losses and now trades muted at 97.43, awaiting fresh incentives. Meanwhile, traders now turn their focus towards US economic releases including the major durable goods orders data amid a data dry GBP calendar, for further momentum on the pair. While Greece updates are closely monitored. GBP/USD Levels to consider The pair has an immediate resistance at 1.5196 (Feb 3 High) above which gains could be extended to 1.5250 levels. On the flip side, support is seen at 1.5028 (Today’s Low) below which it could extend losses to 1.5000 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY cautious circa 119.50, US data in focus FXStreet (Mumbai) - The US dollar trades around a flat line versus the yen, keeping USD/JPY in the same range near119.50 levels, largely on the back of rising treasury yields which boosted USD bulls while markets now turn their focus towards today’s US durable goods data for further direction. USD/JPY awaits key US data Currently, the USD/JPY pair trades flat at 119.53, revolving around the midpoint of 119 handle. The USD/JPY continues to tread water and recovered from lows as traders anticipate a rebound in the US durables goods orders after a drop previously which may provide impetus to the greenback. The US dollar index which measures the relative strength of the greenback against a basket of six major currencies turns positive and now trades at 97.47, retreating from 96.93 lows. Meanwhile, durable goods orders from the US are likely to attract traders as the key data may provide fresh take on dollar moves. A gain of 0.6% is expected for March durable goods orders, a recovery from the huge 1.4% fall posted in Feb, while they are forecast to rise 0.3% when measured excluding transport. USD/JPY Technical Levels To the upside, the next resistance is located at 120 (50-DMA) levels and above which it could extend gains 120.45 (April 7 High) levels. To the downside immediate support might be located at 119.14 (April 22 Low) below that at 118.77 (April 16 Low) levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD might see additional gains above 1.5165 – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the outlook and key upside and downside levels for GBP/USD. Key Quotes “Dollar broad weakness has helped the GBP/USD advance this Friday, with the pair reaching a daily high of 1.5145, so far today.” “The immediate resistance comes at 1.5165, last March 18 daily high, with a break above it favoring additional gains up to the 1.5200 level.” “Deeps down to 1.5090 should attract buying interest, although a downward acceleration below the level should lead to a downward corrective movement down to the 1.5030/40 price zone.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP dips to fresh lows near 0.7150 FXStreet (Mumbai) - The shared currency got smashed by the British pound in the mid-European session; knocking-off EUR/GBP to fresh session lows, after the ongoing Euro group meeting which provided fresh insights on Greece reforms with EU leaders seeing little progress on the same. EUR/GBP drops from 0.7180 Currently, the EUR/GBP cross tumbled to fresh session lows at 0.7154, moving away from 0.72 barrier. The cross in EUR/GBP dived deeper in red with euro getting hammered across the board amid latest updates from Euro group meeting. The news that Greece had still not prepared a comprehensive reforms list, while the time for reaching a deal is running out and there is little progress, which may eventually lead to a Grexit weighed on the shared currency. On the other hand, the pound remains heavily bid against the US dollar, holding on to 1.51 handle. EUR/GBP Levels to consider To the upside, the next resistance is located at 0.7212 (Today’s High) and above which it could extend gains to at 0.7248 (April 20 High) levels. To the downside immediate support might be located at 0.7114 (April 23 Low) levels below that at 0.7080 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD drops to 1.0820 on Eurogroup FXStreet (Edinburgh) - The shared currency is now giving away earlier gains on Friday, dragging EUR/USD back to the 1.0825/20 band. EUR/USD now looks to Eurogroup presser The pair has already faded the most of the earlier spike to the 1.0900 neighbourhood following initial clues that the tone at the Eurogroup meeting between Greece and its EU creditors was far from friendly. From the Eurogroup’s press conference, EU’s P.Moscovici remarked that ‘time is running out’ for Greece while J.Dijsselbloem emphasized that there are still important differences between the parties involved, and he instigated Greece to submit a ‘comprehensive list of reforms’. EUR/USD levels to watch At the moment the pair is gaining 0.01% at 1.0825 with the next hurdle at 1.0901 (high Apr.24) ahead of 1.0914 (76.4% of 1.1036-1.0521) and then 1.0955 (high Apr.7). On the downside, a breach of 1.0769 (21-d MA) would open the door to 1.0730 (10-d MA) and finally 1.0666 (low Apr.23). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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EUR/GBP rises toward 0.7200 FXStreet (Córdoba) - The euro made a stronger recovery on Thursday against the pound and is back at the level it had yesterday. EUR/GBP rose sharply during the European and the American session and rose toward 0.7200. EUR/GBP strong bounce from 5-week lows Earlier the pair dropped to 0.7117 hitting the lowest value since March 16 but then, weak UK data and some positive expectations about a deal between Greece and the Troika boosted the euro. Yesterday the pair posted the lowest close in 5-weeks and today is having the best performance in a month, currently attempting to rise back above 0.7200. Above, the next resistance levels might lie at 0.7235 (April 14 high) and 0.7260. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY drops to fresh daily lows FXStreet (Córdoba) - USD/JPY fell sharply as the dollar weakened broadly during the New York session following a string of disappointing US data. US housing starts slumped 11.4% in March, pulling back from a 7-year high, while a gauge of manufacturing activity by Markit and initial jobless claims came in below expectations. The dollar was initially resilient but then surrendered and fell to fresh lows versus most competitors. USD/JPY technical levels USD/JPY pulled back from the 120.00 area and hit a low of 119.58. At time of writing, the pair is trading at 119.65, 0.23% below its opening price. On the downside, immediate supports are seen at 119.58 (daily low) and 119.43 (100- & 200-hour SMA), while resistances could be found at 120.08 (daily high) and 120.83 (Apr 13 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD hits fresh daily highs above 1.5050 FXStreet (Córdoba) - GBP/USD rose 70 pips in less than an hour and printed a fresh daily high at 1.5057, erasing previous losses. GBP/USD benefits from a weak dollar Greenback weakened in the forex market and pushed the pair to the upside. Cable was trading around 1.4990 and jumped, rising quickly to 1.5050. Currently trades at 1.5045, slightly higher for the day and far from the lows. The pair was able to erase losses and strengthened after a weak start of the day. Following the retail sales report in the United Kingdom, that missed expectations showing a decline of 0.5% in March, GBP/USD dropped to 1.4960. Later, disappointing US economic data, an increase in jobless claims, a decline in new home sales and a drop in the Markit PMI (preliminary), motivated traders to sell the US dollar. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD correction an excellent sell opportunity – BAML FXStreet (Barcelona) - MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, sees EUR/USD correction heading into a triangular formation, possibly a sell signal for parity. Key Quotes “The correction in €/$ continues to unfold. However, the correction is turning increasingly Triangular (a range defined by two contracting trendlines). This is one of our favorite patterns and should provide an excellent opportunity to go short for a move toward 1.0000 once the pattern completes. For now, stay patient.” “Gains should not exceed the 55d at 1.0967, while a break of 1.1053 points to a larger correction than anticipated.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD correction an excellent sell opportunity – BAML FXStreet (Barcelona) - MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, sees EUR/USD correction heading into a triangular formation, possibly a sell signal for parity. Key Quotes “The correction in €/$ continues to unfold. However, the correction is turning increasingly Triangular (a range defined by two contracting trendlines). This is one of our favorite patterns and should provide an excellent opportunity to go short for a move toward 1.0000 once the pattern completes. For now, stay patient.” “Gains should not exceed the 55d at 1.0967, while a break of 1.1053 points to a larger correction than anticipated.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD technicals warn of upside risk – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes short-term technicals for GBP/USD remain bullish and warn of building upside risk, with next resistance at 1.5166. Key Quotes “GBP is down 0.2% into the NA session, having failed yesterday to close above its 50‐day MA at 1.5030. Retail sales was disappointing, rising just 0.2%m/m ex auto and falling –0.5%m/m including autos. The soft release is not enough to shift the course of growth in the UK, but does provide reason to be cautious.” “Our base case is that GBP is vulnerable leading into the election uncertainty but that it closes the year having stabilized against the USD and gained further ground against EUR.” “GBPUSD short‐term technicals: bullish—technicals are warning of upside GBP risk, with the MACD moving averages, candle chart and recent trend all suggestive of upside risk. Support lies at yesterday’s open of 1.4926, with resistance at the March 18th high of 1.5166.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY retreats as US new home sales slump /b] FXStreet (Córdoba) - USD/JPY retreated from the 120.00 area as the dollar weakened after the latest string of US data showed new home sales dropped sharply in March while Markit manufacturing PMI missed expectations. US new home sales fell 11.4% to an annual rate of 481,000 in March, pulling back from a 7-year high and below expectations of 513,000. Meanwhile, the Markit manufacturing PMI fell to 54.2 in April from 55.7 in March. The dollar weakened and fell to a session low of 119.84 against the yen, but remained well within its daily range. At time of writing, USD/JPY is trading at 119.88, virtually unchanged on the day. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX ECN trading! What is ECN/STP trading? It is a broker's business model (which, generally, makes the difference between brokers and "market makers"), in which clients' orders are sent directly to one or several liquidity providers to be executed on their end. There may be an unlimited number of liquidity providers (that is, banks, aggregators, other financial institutions). The more liquidity providers a broker has, the better the execution for its clients (more liquidity available, less slippage). What makes a true STP broker is that it doesn't internalize the orders, but sends them to liquidity providers, acting as an intermediary between the client and the real market. Do you have requotes? No, we don't. Any broker who re-quotes your orders is definitely a dealing desk broker. A requote occurs whenever the dealer on the other side of the trade (whether human or automatic) sets an execution delay during which the price changes. Therefore he can't open your order and sends you a message that the price has changed. That is, a requote. You usually get a new price which can be significantly different from the one you requested (especially when the market is volatile). In most cases it's not profitable for the trader but quite profitable for the broker. OctaFX doesn't have any requotes simply because we don't have a dealing desk, human or automatic (a piece of software usually referred to as a virtual dealer, automatic dealer and so on). Click Here for more info about ECN Trading! What is slippage and why does it happen? Slippage is a slight order opening price movement which is a result of lack of liquidity (when it's already taken by other traders' orders). It may also happen during market gaps. It is important to understand that we do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill it with the next best price from another liquidity provider. So during these news times it's possible that there will be no liquidity available at the price you requested. Let's say you want to open a 5 lot Buy order, EUR/USD, price is 1.30000. Now, in this case we can see the following liquidity available: Provider 1: price is 1.30010, 20 lots available Provider 2: price is 1.30005, 5 lots available Provider 3: price is 1.30000, 1 lot available In this case your order will be offset with Provider 2, since he has the best price and enough liquidity to fill your order. And the open price will be 1.30050, which is 0.5. pips away from the price you requested. But, again, your order will not be requoted, since we are more interested in your profitable trading. Why don't you guarantee stop orders? Again, in the real market there is no such thing as a "guaranteed stop"; it is offered by dealing desks only. As stated above, market makers do not offset your orders anywhere, rather they keep them inside. So when your "guaranteed" stop loss is triggered, it means that your whole loss amount is already in the dealer's pocket. This causes so-called "stop-loss hunting" practice. The dealing desk can see where your stop orders are, so it's easy for them to manipulate the price, so that it hits your stop-loss. In real market any stop order is considered as pending until its price is hit. After that the order is offset to a liquidity provider (which, again, may or may not involve slippage depending on the available liquidity). Therefore it's simply impossible to either "guarantee" or "hunt" your stop orders. 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-Most Reliable Forex broker 2014 by FX Empire!

EUR/JPY no longer a barometer of risk-on/risk-off sentiment - FXStreet FXStreet (Barcelona) - There has been a shift in the characteristics of EUR/JPY as a currency which reflected risk-on/risk-off sentiments, largely due to the transition in EUR from a growth to a funding currency, explains Omkar Godbole, FXStreet Editor and Analyst. Key Quotes “EUR is a funding currency, but not a safe haven – The Euro is no longer a growth currency. With the Refi rate at 0.05% and the deposit rate at -0.20% it is now a funding currency.” “The ECB’s QE led drop in German long term bond yields to near zero levels means the investors have to look out for other high yielding assets outside the Eurozone. This is nothing but Draghi’s portfolio adjustment effect. However, the search for yield is high during risk-on rallies. Hence, the EUR is likely to be sold now during risk-on rallies in the markets.” “However, that does not mean the shared currency would be preferred in times of risk-off rallies. Though a funding currency, it is still not a safe haven asset.” “With Greece issue and debt problems the currency is likely to be a last resort - below Treasuries, Gold, Japanese Yen and Swiss franc in times of risk-off.” “Consequently, the pair does not represent a risk-on/risk-off as accurately as it did earlier.… the strong direct correlation does not exist now.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/GBP drops to 1-month lows FXStreet (Córdoba) - EUR/GBP weakened after the release of the Bank of England minutes and accelerated the decline after the Swiss National Bank reduced exemptions on negative rates. The pair bottomed at 0.7120, level last seen in March 17. EUR/GBP breaks key support Earlier it traded above 0.7200 momentarily but failed to hold, lost momentum and weakened sharply after breaking the 0.7160/70 support area, that capped the decline during the last five trading days. From the lows, EUR/GBP bounced slightly to the upside and currently trades at 0.7140, down 50 pips from yesterday's closing price. The euro is having the worst day against the pound and is approaching 2015 lows that lie at 0.7014. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US March existing home sales rise strongly - is the soft patch over? – ING FXStreet (Barcelona) - Previewing the US March existing home sales data, Rob Carnell of ING, comments that it won’t be wise to declare this as an end to the soft patch of the US economy, but a stronger USD and higher yields might be expected from here. Key Quotes “US existing home sales for March rose to a 5.19m annual rate, a good deal above the 5.03m expected and one of the strongest results this side of the financial crisis (November 2009 saw a 5.44m rate, and July 2013 a 5.31m rate). Whilst this is noisy data, with the volatile condo segment growing at an 11.1% rate against a still strong 6.1% rise in single family homes, this was still a decent result.” “But with housing transactions a slow moving part of the economy, it is probably not wise to declare the US soft-patch over just yet, though there were also some encouraging increases in median house prices, which should help to support consumer confidence and spending in the coming months.” “That said, with next week’s FOMC meeting closing in, and limited additional data in advance of this, we see little likelihood that this result is enough to warrant a hint at a policy change in June from the accompanying April FOMC text.” “The market response to this data should be a stronger USD and higher bond yields and implied Fed rates. But with this result fairly marginal for the Fed decision, we don’t think any market response will be substantial, or necessarily long-lived.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

SNB announces fewer exemptions from negative interest rates FXStreet (Córdoba) - The Swiss National Bank (SNB) said it has considerably reduced the group of sight deposit account holders that are exempt from negative interest. The SNB completed its review and announced on Wednesday negative interest will now also apply to the so-called sight deposit accounts held at the SNB by enterprises associated with the Confederation, the Federal Pension Fund, and the SNB's pension fund. The affected account holders will be accorded the minimum exemption threshold of CHF 10 million, to which negative interest does not apply. In addition, the accounts of the cantons of Geneva and Zurich, as well as that of the City of Zurich, will be wound up. The SNB imposes a charge of 0.75% on sight deposit account balances at the central bank. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD likely to see additional declines below 1.0715 – FXStreet FXStreet (Barcelona) - With EUR/USD weakening due to the SNB fuelled slump, Valeria Bednarik, Chief Analyst at FXStreet, expects a break below 1.0715 to lead to further losses towards 1.0630 for the pair. Key Quotes “News that Greece has cash enough to face its upcoming maturities and won't have financial issues until late June, has brought relief to the common currency that advanced up to 1.0800. Sellers however surged around the critical figure, sending the pair back lower ahead of the US opening. Market's mood has found also support from better-than-expected inflation readings in Australia, released during the past Asian session, sending the dollar generally lower across the board.” “In Europe, Italy released its monthly inflation readings, slightly above expectations and also supportive of a EUR rally.” “Nevertheless, and despite broad dollar weakness, the EUR retraces sharply alongside with the CHF, on news the SNB announced pension funds can be subject to negative rates.” “Technically, the 1 hour chart shows that the price broke below its 20 and 100 SMAs, now the immediate support level around 1.0745, whilst the technical indicators are aiming higher and breaking below their mid-lines.” “In the 4 hours chart, a mild negative tone prevails, as the technical indicators head lower below their mid-lines, whilst the price stands below its moving averages.” “Additional declines below 1.0715 should lead to a stronger decline, eyeing 1.0630 as a probable daily low.” “Support levels: 1.0715 1.0680 1.0630” “Resistance levels: 1.0770 1.0810 1.0850” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY stance remains neutral very near term– Westpac FXStreet (Edinburgh) - In the view of strategists at Westpac, the outlook for USD/JPY remains neutral for the upcoming sessions, although dips should be regarded as buying opportunities. Key Quotes “We maintain a neutral bias for ¥ and EUR/JPY for yet another week”. “However, we remain of the view that USD/JPY remains a buy on dips and target the 117/119 band”. “Markets will start to turn the focus towards the BoJ meeting April 30”. “The fact that it comes the day after the FOMC outcome means we should expect to see some reasonable volatility over that last week of April”. “We stay neutral and wait for dips to buy”. “Range trading since February has proven frustrating. ST/MT momentum factors are relatively neutral, keeping directional bias low”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Credit Suisse: Positioning for Greece and price of uncertainty on the euro – eFXnews FXStreet (Barcelona) - The Strategy team at Credit Suisse, shares the possible trade setups for EUR/USD for different scenarios of Greece risks and euro uncertainty, as noted by eFXnews. Key Quotes “It is probably not true that the EUR has ignored Greek risks. Without needing to price in this issue, EUR would likely have lower implied volatility, less skew in favor of EUR puts and arguably a higher spot price. EURUSD might be challenging the top of its recent roughly 1.0450 – 1.1050 range rather than languishing near the middle.” “Market participants who think Greek risks can subside within three months should be looking at the possibility of a meaningful EUR pop higher over that time frame.” “Market participants who like us think the underlying trend in EUR is lower across the board due to negative euro area core rates – but also think Greek risks can diminish in the next three months – should look to exploit the skew surface by buying EUR put spreads or EUR puts with reverse knock outs (RKOs). We have introduced both varieties into our trade idea portfolios in the past two weeks.” “Market players looking for a default outcome in Greece in the next three months should be aware that to some extent this is already in the price. Of course both implied volatility and skew in EUR can rise further, much as Greek bond yields and European equities implied volatility can too. But it is hard to argue that out-of-the-money EUR puts are a uniquely cheap way of playing for this outcome.” This content has been provided under specific arrangement with eFXnews. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Germany: still the main beneficiaries of ECB’s QE – ING FXStreet (Barcelona) - Carsten Brzeski of ING, sees the recent ZEW index release as a confirmation for their outlook for German economy, with ECB’s QE and fundamentals expected to power the economy ahead. Key Quotes “Yesterday’s ZEW index had something for everyone, both pessimists and optimists. At face value, the drop in the headline figure to 53.3, from 54.8 in March, could be regarded as a sign of caution and maybe even new uncertainty stemming from the Greek crisis. At second glance, however, it is very hard to find any sense of pessimism in yesterday’s ZEW reading.” “In fact, the current assessment component of the ZEW index reached its highest level since July 2011. With the strong increase, it does not really come as a surprise that the headline index saw a small decline. In fact, when it comes to the ZEW index, everything is relative.” “As the starting position is much stronger than in March, the small drop in the headline figure is another sign of optimism, rather than new pessimism.” “Moreover, judging from the combination of the current assessment component and the outlook, the ZEW index has never ever painted a rosier scenario for the German economy than yesterday.” “Over the last two years, the ZEW index has returned as an interesting and more reliable indicator for future economic growth. While between 2010 and 2012, the fundamental and structural strength of the German economy prevailed, it is now cyclical factors like dropping oil prices, a weakening euro and the ECB’s QE, which are the most important growth drivers.” “Against this background, ZEW index confirms our positive take on the German economy. As a main beneficiary of the ECB’s QE programme, supported by sound domestic fundamentals, the German economy should power ahead.” “Only the benign neglect of the possible fallout of the – once again – escalating Greek crisis calls for caution. The situation is clearly more dangerous and volatile than financial market participants seem to believe.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!