OctaFX_Farid

US stocks drop ahead of Fed policy decision FXStreet (Mumbai) - Wall Street is suffering losses in the early session as investors await fed policy decision and any guidance on when the central bank plans to begin policy normalization. At the time of writing, the S&P 500 was down 5.5 points to 2,068.70, while the DJIA was down 72.08 points to 17,777. The Nasdaq was down 10.01 points to 4927.43. Among stocks, Coca-Cola is a major loser, down 1.18%, followed by a 1% fall in Wal-Mart Stores. On the other hand, shares in Caterpillar have gained 0.61%, followed by a 0.25% gain in Microsoft. Intel is the most actively traded stock so far. Trading is likely to remain subdued ahead of the all important Fed policy statement. The Fed today is widely expected to remove a pledge to be “patient” post which forecasts are for the Fed to lift rates either in June or September. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Latam central banks in the limelight this week – TDS FXStreet (Edinburgh) - Strategists at TD Securities reviewed the central banks’ monetary policy meetings in the Latam space ahead in the week. Key Quotes “On Thursday, we expect the CB of Chile to keep rates on hold at 3.0% in spite of inflation remaining elevated at 4.4% Y/Y in February”. “Finally on Friday, we expect the CB of Colombia to leave rates unchanged at 4.5%, despite the substantial weakness of COP over recent months”. “The administration has repeatedly expressed its comfort with the much weaker peso, as the natural shock absorber for the slowdown in economic growth amid much weaker oil prices”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Short EUR/USD, target 1.0400 – GrowthAces FXStreet (Barcelona) - The GrowthAces Research Team shares the technical outlook and key levels for EUR/USD, maintaining a bearish outlook on the single currency, targeting 1.0400 levels. Key Quotes “The EUR/USD traded in a tight range today. The bearish momentum is intact and we have got short at 1.0630.” “However, we should know that a strong appreciation of the USD against the rest of the world in the medium term poses a risk to the U.S. economy and may result in capital outflow from U.S. equity market.” “We should know that dropping “patient” today will not automatically mean a rate hike in June. There will be still a risk of the Fed delaying hikes in case of tighten monetary conditions caused by the USD strength. This risk may weigh on continuation of current strongly bearish EUR/USD trend.” “Significant technical analysis' levels: Resistance: 1.0651 (high Mar 17), 1.0684 (high Mar 12), 1.0687 (10-dma) Support: 1.0551 (session low Mar 17), 1.0457 (low Mar 16), 1.0400 (psychological level).” “EUR/USD: short at 1.0630, target 1.0400, stop-loss 1.0730, risk factor **” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY weakens slightly FXStreet (Mumbai) - The Japanese Yen has gained slightly, pushing the USD/JPY pair closer to 121.00 levels as we head closer to the Fed decision. Weak Treasury yields keep USD under pressure The weakness in the Treasury yields has kept the greenback under pressure ahead of the Fed meeting. The 10-year yield has weakened 2.2 basis points (bps) to 2.037%, while the 30-year yield has weakened 4.2 bps to 2.574%. The weak yields support the Japanese Yen. Consequently, the USD/JPY pair weakened from a high of 121.39 to trade at 121.15 levels. Further losses could be seen of the US equity markets begin the day on a negative note ahead of the FOMC statement. USD/JPY Technical Levels The immediate resistance is seen at 121.50, above which the pair could rise to 122.00 levels. On the flip side, a break below 120.90 could drive the pair down to 120.50.120.40 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BoE’s view on sterling strength to slow EUR/GBP decline – Rabobank FXStreet (Barcelona) - Jane Foley, Senior Currency Strategist at Rabobank, argues that the EUR/GBP trend might slow down after BoE expressed concerns regarding sterling strength, and further forecasts the pair to head towards 0.70 on a 12-m view. Key Quotes “While sterling could find some support from an anticipated upward revisions to growth from the OBR and from a related slight loosening of austerity from the government, the pound is likely to remain far more focussed on central bank policy and the tone of economic data.” “This morning’s release of UK labour data has brought another encouraging drop in February jobless claims (-3kK). However, it also brought news of a subdued 1.8% 3 m y/y increase in average weekly earnings. Even though the very weak level of CPI inflation ( at 0.3% y/y) suggests that real wages are still pushing higher, the low level of pay increases suggests there could be a feed-through into subdued demand and thus inflation could stay lower for longer.” “In addition, the minutes of the March BoE MPC flag another downside risk to inflation.” “In view of the risk that CPI inflation could stay lower for longer, the Bank is now sounding a touch more dovish than it did in its February Inflation Report.” “For now we stick with the forecast that the BoE will not hike rates before February 2016 and will continue to monitor the tone of both wages and inflation data closely.” “By making it clear that the Bank is sensitive to the role played by the exchange rate in influencing monetary conditions the MPC should slow the pace of the EUR/GBP downtrend.” “That said, in view of the ECB’s QE policy and the relative buoyancy of UK growth we continue to exchange EUR/GBP to grind lower this year towards the 0.70 area on a 12 mth view.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Sterling appreciation concerns give BoE Minutes a mildly dovish tone – RBS FXStreet (Barcelona) - Reviewing the BoE Minutes, Ross Walker, Senior UK Economist at RBS, notes that the central bank's view regarding the appreciation of GBP being negative for meeting inflation target gave the Minutes a dovish tone. Key Quotes “Perhaps the key section in the text of the Minutes was: ‘Sterling had continued to appreciate, primarily versus the euro. . . Although monetary policy at home and abroad was only one of the many factors that influenced the exchange rate, especially in the near term, there was a risk that divergent monetary policy trends, as well as stronger prospects for growth in the United Kingdom than in the euro area, might continue to put upward pressure on the sterling exchange rate.’ ‘This had the potential to prolong the period for which CPI inflation would remain below the target and exacerbate the risk that lower expectations of inflation might become more persistent.” “This echoes the Governor’s observations last week that the currency’s trade-weighted appreciation might require a longer period to elapse before the MPC raises Bank Rate.” “The MPC’s collective position remains that ‘it was more likely than not that Bank Rate would increase over the next three years’ but there is little to suggest any sense of urgency in terms of pulling the trigger.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

The big picture for USD to stay intact post FOMC – BTMU FXStreet (Barcelona) - Derek Halpenny, European Head of GMR at Bank of Tokyo-Mitsubishi UFJ, comments on the probable impact on USD post the FOMC meet today. Key Quotes “The speed of gains for the US dollar is also likely to be a topic raised at the press conference (we do not expect reference to the dollar in the statement) and we would not be surprised to hear Chair Yellen highlight the disinflationary/deflationary impetus the move will bring.” “Export orders in the ISM manufacturing report also shows the potential for some slowing in exports due to dollar gains. So purely from the inflation side of the Fed’s mandate, the dollar may start to play some minor role in determining the timing of lift-off.” “However, where the Fed is likely to remain positive is on the US labour market. The 5.5% unemployment rate puts us at the top of the long-run estimate of the FOMC (5.2%-5.5%) set in December and that means the domestic economy is on a strong footing.” “The debate over the exact timing of the first rate increase is likely to continue beyond today but the message that rates will need to move higher this year is also likely to be clear.” “Hence, the dollar is set to remain well underpinned. The story for the dollar is of course what’s happening in the US relative to elsewhere and the favourable spread dynamic for the dollar is unlikely to change after today.” “We estimate that the DXY has advanced at its fastest rate in percentage terms over the last eight months since 1980-81 and that scale of speed is unsustainable – some correction or loss of momentum seems plausible but the big picture support for the US dollar is not going to change after today’s FOMC meeting. So any dollar reversal will be temporary and a test of parity in EUR/USD later this year is likely.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/NOK points downwards longer term – Danske Bank FXStreet (Edinburgh) - Analysts at the Nordic Danske Bank expect the cross to inch higher in the near term, although in the longer horizon the NOK might drag the cross lower. Key Quotes “We expect Norges Bank (NB) to deliver a 25bp rate cut on Thursday”. “NB is set to keep the easing bias by presenting a new rate path with a 50% implied probability of another rate cut before June. However, we do not expect Norges Bank to cut rates further post March”. “The primary risk to our projection is that of NB leaving the rate unchanged. First, NB could put less emphasis on the Regional survey and more on other key figures. For instance, the import-weighted NOK is roughly 3.5% weaker than assumed in the December report. This will partly counteract the downward adjustment of the interest rate path, and also reduce the possibility of a rate cut”. “Second, the increasing pressure in the housing market in the aftermath of the December cut could keep NB on hold until the recession is confirmed”. “We expect EUR/NOK to bounce around the NB meeting before a trend lower in the cross constitutes. Leverage funds should look to sell EUR/NOK post the NB meeting. Corporates should hedge NOK income via option structures that maintain a profit potential”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 18,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-One more reason to join OctaFX Demo Contests! Good news for all OctaFX traders - we have upgraded all Demo Contests to have cutting-edge features of Supercharge real contest! Already got the taste of meaningful competition? We bring that feature to all our demo contests! We are impatient to draw your attention to our newly redesigned contests - both OctaFX Champion and cTrader Weekly demo contests received new looks! However, looks are not the only thing that’s changed. From now on you can enjoy all the features of our innovative contest platform trading on demo accounts! Receive achievements, review other traders’ profiles and leave comments to interact with your fellow traders! Enjoy our improved Demo Contests: Feel free to join OctaFX Champion demo contest: round 37 has been start from March 16! Registration for cTrader Weekly is open for round 12 - the new round has been start from March 16! Best Demo Contest in the industry brought to you by 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!

United States 4-Week Bill Auction increased to 0.05% from previous 0.015% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD technical targets beyond the range - CB FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that there has not been a change in the technicals for AUD/USD and notes the potential outcomes beyond the recent ranges. Key Quotes: "AUD/USD no change, last week the market charted a marginal new low for the year (and new 5 year low) that was not confirmed by the RSI." "It is possible that the pattern developing is a potential falling wedge reversal pattern, but only a close above the downtrend at 0.7789 will confirm the pattern. Failure again here will leave the downtrend still intact and the market capable of sliding to the base of the 2 year down channel at 0.7528, which we would expect to see this hold the initial test." "Below 0.7528 targets then 0.7183, 61.8% retracement of the move up from 2001. Above the downtrend (0.7812) would introduce scope to the 0.8034 7th January low. A close above 0.8035 is needed to alleviate downside pressure." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Wall Street turns risk averse ahead of Fed meeting FXStreet (Mumbai) - US stock markets fell on Tuesday along with the fall in crude prices as investors looked ahead to the two-day Fed meeting. The Dow Jones Industrial Average declined 194 points, or 1.08%, to 17,782.50. The S&P 500 shed 16.99 points, or 0.8%, to 2064.20. The Nasdaq Composite fell 20.48, or 0.4%, to 4909.75. The fall in the oil prices to six-year lows weighed over the energy stocks. Energy companies in the S&P 500 lost 0.8%. Shares of Apple Inc. gained 1.1% on reports that the company is in talks with programmers to offer a slimmed-down bundle of TV networks this fall. Meanwhile, investors have also turned cautious as the two-day FOMC meeting begins today. The markets are widely expecting the Fed to drop the word “patient” from its forward guidance, which shall open doors for an interest rate hike at any of the subsequent meetings. Recently, the equities have shown signs of risk aversion on the increased possibility of an interest rate hike post the release of February’s jobs report. The blue-chip index has fallen 1.7% from its March 2 record. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Kiwi declines as dairy prices fall for first time in 6 weeks FXStreet (Mumbai) - The NZD/USD hit a session low of 0.7322 after the Fonterra global dairy trade (GDT) price index registered a fall of 8.8% at the latest auction concluded today. This was the first fall in dairy prices in six weeks. NZD/USD: Falls below 100-MA on hourly chart The pair fell below the hourly 100-MA located at 0.7348 after the disappointing GDT auction. Moreover, the hourly 100-MA had acted as a strong support on Friday. The NZD/USD is likely to extend losses further as the weak GDP auction results come ahead of the FOMC meeting. The USD could be bought as we move closer to the FOMC meeting as markets widely expect the Fed to drop the word “patient” from its forward guidance. NZD/USD Technical Levels The immediate support is seen at 0.7311, under which losses could be extended to 0.7190. On the flip side, a rise above 0.7348 (100-MA) could see the pair re-test 0.7400 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Yen remains pressured – FXStreet FXStreet (Barcelona) - With fiscal and monetary policies failing to pump up investment in Japan, oil continuing its slump, FXStreet Editor and Analyst, Dhwani Mehta, explains that the Yen will remain under pressure. Key Quotes “Japan's economy grew at an annualised 1.5% in the final quarter of 2014, missing expectations of 2.2%. On a quarter-on-quarter basis, the economy grew by 0.4% in December Q4 2014.” “Although, consumer spending in the October-December quarter was revised upwards, weaker than expected capital expenditure data suggests that the fiscal and monetary policies have so far been unsuccessful to stimulate higher level of investment in the country. Capital expenditure fell 0.1% as compared to expectations of an expansion of 0.3%.” “Moreover, falling oil prices continues to put the central bank under additional pressure. The Bank of Japan Deputy Governor, Hiroshi said that the BOJ must ease monetary policy further if cheap oil prices weaken its efforts to boost inflation expectations.” “BOJ Nakaso noted, "Oil price falls may push down prices in the short-term but will accelerate inflation in the somewhat long-term perspective because they benefit an oil-importing economy like Japan", “We will adjust monetary policy if the price trend changes and if further action is warranted to achieve our 2 percent inflation target at an early date".” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Long USD/CAD, target 1.30 – Westpac FXStreet (Barcelona) - The Westpac Team maintains their long USD/CAD position, targeting 1.30 levels on a 1-3m horizon. Key Quotes “We continue to hold long USD/CAD opened at 1.2506. New lows in key energy prices, soggy growth updates out of China and likely further firming in June 2015 Fed lift off odds should be enough to keep USD/CAD well supported. 1.30 on 1-3 month horizon very achievable.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY consolidates in a narrow range – Scotiabank FXStreet (Barcelona) - Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank, notes that short-term technicals for USD/JPY remains bullish as the pair consolidates in a tight range after BoJ highlights CPI risks. Key Quotes “JPY is flat following the BoJ’s policy decision to maintain the pace of QE at 80trn. The statement tone softened the near term outlook for inflation, and comments from Gov. Kuroda hinted to the risk of a temporary ‘dip’ into deflation.” “Domestic data have shown signs of improvement, with both leading and coincident indicators rising—the latter reaching its highest level since March 2014 to fully recover the consumption tax hike decline.” “Near term risk centers on trade (7:50pm EST) as well as the broader tone heading into Wednesday’s Fed events.” “USDJPY short-term technicals: bullish—signals are broadly bullish, however we note the increasingly tightened range in USDJPY following the March 12 hammer doji.” “Support is expected at the 9 day MA (121.12) and we await a break above the March 10 high near 122.00.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 17,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com - 50% deposit bonus! Supports margin Open a position of bigger volume Gain more profit Automatic payout Get your bonus instantly after trading required volume Withdraw able Withdraw your bonus funds with no restrictions Promotion rules 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!

EUR/USD fails to hold above 1.0600 FXStreet (Córdoba) - EUR/USD made a brief appearance above 1.0600 at the beginning of the New York session as the euro stages a mild bounce versus its major competitors, although it failed to hold above the psychological level for long. EUR/USD peaked at 1.0615 but quickly dipped back below 1.0600. However, the downside was contained by the 1.0560 area, confining the pair to a phase of consolidation in the absence of major indicators or news. At time of writing, EUR/USD is trading at 1.0580, still up 0.83% on the day and off a 12-year low of 1.0461 struck late on Friday. The latest string of disappointing US data - industrial production and NAHB housing market index - had little impact on the dollar as EUR/USD investors' attention turns to Eurozone CPI on Tuesday and the FOMC meeting on Wednesday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD: sellers at 0.7730/40 – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook and key levels for AUD/USD, explaining that the current price action is mostly corrective and that the pair might see selling interest around 0.7730/40 levels. Key Quotes “The Australian dollar advances to fresh daily highs against the greenback, with the pair also presenting a short term bullish tone, as the 1 hour chart shows that the price accelerates above its 20 SMA, whilst the technical indicators extend above their mid-lines.” “In the 4 hours chart the price is advancing above a flat 20 SMA, although indicators remain in neutral territory, suggesting the upward movement is mostly corrective, with a strong resistance level now in the 0.7730/40 area, where selling interest is expected to resume.” “Support levels: 0.7640 0.7600 0.7575” “Resistance levels: 0.7690 0.7735 0.7770” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Brent declines, WTI hit lowest since March 2009 FXStreet (Mumbai) - Brent Crude prices fell to near USD 53.00/barrel, its lowest in more than a month on signs of a possible nuclear deal with Iran, which could allow the nation to export more oil. Brent for April delivery fell USD 52.83/barrel, its lowest since early February, before recovering slightly to trade at USD 53.17/barrel. Meanwhile, WTI Crude fell to USD 43.18/barrel, its lowest since March 2009, before recovering to 43.38/barrel. The possibility of nuclear deal with Iran only increases the mounting risk of supply glut that has seen a renewed selling pressure in both the benchmarks over the last two weeks. Moreover, the markets have shrugged-off the OPEC monthly report, which forecasts a rise in global oil demand, coupled with a decline in the US oil production by year-end. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Gold falls into losses FXStreet (Mumbai) - Gold prices fell into losses as the equity markets in the US shrugged-off a weaker-than-expected US industrial production data. Gold: drops below 5-DMA, weak USD ignored The support at the 5-DMA level located at USD 1154.85/Oz was finally taken out as the stock markets in the US showed resilience amid lackluster US data. The DJIA stayed resilient with a 1% gain amid a weaker-than-expected industrial production data in the US. Meanwhile, the weak US dollar has failed to provide any support to the yellow metal. The USD index is down by 0.57% at 100.17, despite which the yellow metal currently trades lower at USD 1151.20/Oz levels. Gold Technical Levels The immediate support is located at 1147.4 (Mar. 11 low), under which losses could be extended to 1142.8 levels. On the flip side, resistance is 1154.80 (5-DMA), above which the metal could re-test the daily high at 1164.1 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BoE minutes to show no changes in monetary policy – TDS FXStreet (Edinburgh) - In the view of Jacqui Douglas, Strategist at TD Securities, the upcoming BoE minutes should come in line with consensus, showing the monetary policy stance unchanged. Key Quotes “Markets will be looking for another unanimous vote to keep rates unchanged, especially after the BoE (accidentally, we think) published a press release after the 5 March rate decision saying that “The Minutes of the Monetary Policy Committee meeting on 4 and 5 March reveal a unanimous vote on Bank Rate and Asset Purchases.” “Recent comments from Weale and McCafferty also didn’t suggest that either one of them has changed their votes back to hiking quite yet”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US 10-yr treasuries: short to 2.30% onto 2.52% - RBS FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, gives the technical outlook for US-10 yr treasuries, suggesting to use any pullbacks towards the trend-line as shorting opportunities for 2.30%. Key Quotes “The market has broken the trend-line, implying yield downside is limited from here: it is deemed unlikely that the yield would re-visit the area below 2.00% and hence we see any pull-backs towards the trend-line as selling opportunities for 2.30% and 2.52%.” “Our long-term view is the same: 1.61/1.78% yield was considered to be a base and 3.00% targeted for the end of 2015.” “Price-wise 127-19+ is a key resistance, where we see a selling area, looking for a pull-back to 124-30. Stop is a break above 128-05.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Strong USD: not a concern for the Fed – BTMU FXStreet (Edinburgh) - Currency Analyst Lee Hardman at BTMU sees the Fed not concerned about the current high levels of the US dollar. Key Quotes “The recent strength of the US dollar will also result in investors listening closely for any change in rhetoric regarding the US dollar which may potentially impact the outlook for Fed policy”. “At the current juncture we do not expect the Fed to signal heightened concern over the stronger US dollar, although it supports the market’s expectation for a very gradual pace of monetary tightening in the coming years”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

US industrial production slows down in February FXStreet (Mumbai) - The official data released in the US today showed the industrial production expanded 0.1% in February, compared to the estimate of 0.2% expansion. The industrial production was revised lower to -0.3% in January. Capacity utilization inched higher to 78.9%, beating the estimate of 79.5%, and up from 79.1% seen in January. Meanwhile, manufacturing production contracted 0.2% against the expectation of 0.1% growth. The January’s print was revised lower to -0.3%. The mining sector led the way lower with decline in Coal, Oil and Gas drilling, while utilities production rose. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 16,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!