OctaFX_Farid

EUR/USD clinging to 1.1600 FXStreet (Edinburgh) - The shared currency remains in the upper end of today’s range, with EUR/USD hovering over the 1.1600 neighbourhood. EUR/USD passed the ZEW test Auspicious results from the ZEW Survey in both Germany and the EMU gave initial support to the EUR, pushing spot to session highs around 1.1610/20. However, the current context of USD strength appears to cap any bullish attempts, relegating the pair to the 1.1600 surroundings. Next of note in the bloc will be the crucial ECB meeting on Thursday, when apparently everything points to an announce by the central bank of a QE programme worth at least €500 billion of sovereign bond purchases. EUR/USD levels to watch As of writing the pair is down 0.16% at 1.1590 and a break below 1.1528 (61.8% of 1.1460-1.1639) would target 1.1460 (11-year low Jan. 16) en route to 1.1445 (low Nov.11 2003) en route to 1.1376 (low Nov.7 2003). On the flip side, the initial hurdle lines up at 1.1649 (high Jan.16) followed by 1.1726 (10-d MA) and finally 1.1792 (high Jan.15). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 20,2015 OctaFX.Com News Updates

依旧倾向逢高沽英镑——华侨银行 FXStreet-华侨银行策略师Ng称，依旧倾向逢高沽英镑，下行势能犹存。 尽管欧元/美元反弹有限，但英镑依旧设法走强。 焦点在于明天英央行会议纪要，特别关注通胀描述。 期间，继续建议逢高沽英镑，目标指向1.5035。 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 20,2015 OctaFX.Com News Updates

Germany repatriated 120 tonnes of gold in 2014 - Deutsche Bundesbank FXStreet (Mumbai) - Deutsche Bundesbank said on Monday it had accelerated its bullion repatriation scheme last year, bringing back German gold from Paris and New York. The German central bank said it “stepped up” its bullion transfers during 2014, bringing 35 tonnes of its gold from Paris and another 85 tonnes from New York. The repatriation scheme is the country’s effort to bring 674 tonnes, or half of Germany’s total stocks, back to Frankfurt by the end of the decade. “Implementation of our new gold storage plan is proceeding smoothly. Operations are running very much according to schedule," Carl-Ludwig Thiele, member of the Executive Board of the Deutsche Bundesbank said in a statement. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 20,2015 OctaFX.Com News Updates

EUR/USD could test 1.10 in 12-month view – Rabobank FXStreet (Edinburgh) - Jane Foley, Senior Currency Strategist at Rabobank, suggests the value of the European pair could slip to 1.10 in a 12-month horizon. Key Quotes “By whipping the markets into a frenzy of anticipation ahead of Thursday’s policy-meeting, ECB President Draghi has succeeded in squeezing out a huge amount of market impact from the promise of QE and the currency markets are taking the strain”. “There is the danger of a ‘sell on the fact’ reaction which could push the EUR a little higher”. “However, Draghi has proved himself in the past to be masterful in directing markets”. “The EUR may not be a policy tool of the ECB, but the policy decisions taken since June last year suggest that the central bank is bent on weakening it”. “We have revised lower our 12 mth EUR/USD forecast to 1.10”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 20,2015 OctaFX.Com News Updates

OctaFX.com-Swap free trading with OctaFx! OctaFX offers swap-free accounts to their clients. Whether or not your beliefs or trading strategy require swap-free trading, you can always open a swap-free account at OctaFX . You can always apply for a swap-free account at registration, no matter whether you choose a Micro or ECN account. No overnight charges will be applied to your account. OctaFX respects various trading strategies and does its best to meet every possible client's requirements and expectations. To apply for a swap-free account please check the box "Swap-Free" when opening your account. Your account will be automatically assigned swap-free status. 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!

Canadian dollar and crosses in technical snapshot - TDS FXStreet (Barcelona) - Analysts at TD Securities gave us a snapshot technical analyses on the Canadian dollar and crosses. Key Quotes: "USD/CAD retains a positive technical bias but trend momentum has stalled in the short-term." "EUR/CAD trades heavier, pressures low end of range." "AUD/CAD rebound extends into former consolidation range." "GBP/CAD tracks higher but lacks momentum for a break above key resistance at the moment." "CAD/JPY tries to pull out of December/January dive." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

CHF shorts largest since mid 2013- SG FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale noted that with the US quiet for Martin Luther King Day, a post-SNB, pre-ECB contemplative mood is likely across markets. Key Quotes: "CFTC data show us that as of last Tuesday, the speculative end of the FX market was still increasing the size of its euro short while trimming its yen short." "The US 10-year Treasury short was pared back more aggressively, and for the record, the Swiss franc short position was also increased to its largest size since mid-2013. I'm feeling stupider on that topic by the day." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

Alpari appoints administrators FXStreet (London) - Richard Heis, Samantha Bewick and Mark Firmin of KPMG LLP were today appointed special administrators to Alpari (UK) Ltd. Alpari (UK) Ltd applied for insolvency on today following the decision on Thursday by the Swiss National Bank cease to defend the CHF1.200 level against the euro. In a statement issued on Friday, Alpari said that the move “resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us.” After a weekend spent in urgent discussions with various parties with a view to selling the company, these efforts were ultimately unsuccessful. Commenting on the appointment, Richard Heis, partner at KPMG and joint special administrator, said: "Following the announcement by the SNB last week, Alpari (UK) Ltd sustained substantial losses as a result of negative client balances, and was faced with no other choice but to enter into special administration. We have had a number of enquiries from interested parties in relation to the company's business. We will be speaking with these parties and others over the next few days, and hope to secure a deal to preserve the business and jobs as far as possible." He continued: "The company holds some USD98.5 million of retail client money which has been segregated and we shall be returning this to clients or making other suitable arrangements in accordance with statute and the regulatory framework at the earliest opportunity." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

BoJ could revise lower the CPI – BTMU FXStreet (Edinburgh) - Derek Halpenny, European Head of GMR at BTMU, expects the inflation figures in the Japanese economy to be revised lower by the BoJ in its next meeting. Key Quotes “The January monetary policy meeting is one in which we get an update on the semiannual GDP and inflation forecasts from the BOJ”. “At the meeting on 31st October, the BOJ had a core CPI forecast of 1.7% for FY2015 and 2.1% for FY2016”. “Given that oil prices have dropped by 40% since that date, it is highly likely that CPI will now be around 0.5ppt lower than what the BOJ had thought”. “Indeed, assuming the crude oil price remains as it is and given the sales tax increase will drop out of annual CPI readings from April, the chances are reasonably high that core CPI could fall close toward zero percent over the summer months”. “That will put increasing pressure on the BOJ to do more. This week’s meeting may see (as we stated last week) two lending programs being extended beyond the current deadline of March”. “At this stage and given what’s happening in terms of the outlook for CPI, an extension of these programs would not be a surprise”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

Stronger Dukascopy Bank looks for acquisitions - FXStreet.com mistake FXStreet (London) - After having passed through the effects of the Swiss National Bank’s surprise decision on Thursday 15 to cease defending the CHF1.200 level and the ensuing high volatility and low liquidity conditions, Dukascopy Bank has reported a 100 percent increase in account applications and looks to acquire brokers in trouble. FXStreet announcement dated 16 January 2015 according to which Dukascopy Bank would have suffered USD 40 million losses was mistaken. Our news has been corrected here and we apologize for the confusion. Below is the public announcement of Dukascopy Bank dated 16 January 2015: Dukascopy Bank CHF dramatic shift Dukascopy Group announced that it has safely passed through the CHF dramatic price shift. It was achieved thanks to advanced execution technology, careful risk management policy and reduced leverage on EURCHF till level of 1:10. The scenario of such shock had been anticipated four months in advance as shown in Dukascopynews published on 3rd of October 2014: "Due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps and cause negative equity on client accounts, Dukascopy Bank is forced to implement a maximum leverage for EURCHF exposures of 1:10 as of 12 October 2014". Dukascopy well known ECN business model and careful risk management approach proved once again to be reliable and trustworthy. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

EUR/CHF looks to the ECB – Danske Bank FXStreet (Edinburgh) - Senior Analyst at Danske Bank Lars Christensen argued that the following next steps by the European Central Bank could prove to be crucial for the cross. Key Quotes “The SNB’s surprise removal of the 1.20 EUR/CHF floor has brought volatility back to global FX markets and this is likely to persist for a while, as CHF markets learn about the SNB’s new reaction function”. “The CHF will now be subject to much less predictable SNB policy moves and we cannot rule out that the SNB will have to do more (rate cuts and/or intervention) to match an upcoming ECB QE move”. “Indeed, the SNB will have a hard time justifying continued CHF strength, as deflation remains an entrenched issue for the Swiss economy”. “We stress, however, that the ECB policy will be crucial for EUR/CHF in the near term”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

Brent trades below USD 50/barrel FXStreet (Mumbai) - Brent Crude prices fell below USD 50/barrel today after Iraq announced record oil production, thereby increasing concerns of supply glut. The march futures traded 1.64% lower at USD 49.35/barrel at the time of writing, compared to the previous session’s close at USD 50.17/barrel. Prices fell from the session high of USD 50.34 on concerns of increased supply from Iraq. Iraqi Oil Minister Adel Abdel Mehdi said on Sunday Iraq pumped 4 million barrels per day (bpd) of oil in December, its highest ever. Meanwhile, Brent was also hit by expectations of a weak Q4 GDP print in China, due for release tomorrow. The country is expected to report GDP at 7.2% year-on-year, its weakest since the 2008 crisis. Brent Technical Levels The immediate support is seen on the hourly charts at 49.27, under which losses could be extended to 48.73 levels. Meanwhile, resistance is seen at 50.02 and 50.34 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

GBP/USD outlook remains bearish – OCBC Bank FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, reiterated the negative stance for the GBP/USD. Key Quotes “EUR-GBP on Friday continued to sink lower under the weight of EUR negativity although GBP-USD has also been induced lower by the broad dollar and the spillover from the EUR”. “Expectations towards any BOE hawkishness have all but evaporated with CFTC data showing a significant jump in net leveraged GBP short in the latest week”. “We stay negative on the pair in the interim”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

USD/JPY downside looks to 115.50 – Commerzbank FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, highlighted the relevance of the support level in the mid-115.00s for USD/JPY. Key Quotes “Loss of 115.50 would introduce scope for a retracement towards 113.50/111.55, but currently the Elliott wave count is suggesting that this will hold”. “Initial resistance is offered by the 55 day ma at 118.15, tougher resistance is the 120.09 short term downtrend and directly above the market lies the 122.58/123.40 major resistance, this is the location of the 14 year downtrend and the long term Fibonacci retracement”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 19,2015 OctaFX.Com News Updates

OctaFX.com-Round 2 OctaFX Supercharged winner is aimed at victory! As OctaFX Supercharged real contest grips attention of more and more traders, OctaFX team awards the second winner of the monthly prize – brand new iPhone 6! Aleksandra Michałowicz-Goc from Poland, the second monthly winner have plenty of thoughts to share with her fellow contestants and traders, who haven’t’ yet joined the spectacular race for Tesla Model S: The competition is great! Yes, my main target is to win the main prize – Tesla Model S. I spend a lot of time at the laptop, investing in the forex, and this competition is just one of the many things I do during the day. Patience helped me a lot, I can say it is one of the major factors of my success. The other one is courage – I am not afraid of either risks or losses. My strategy is an investment with the trend. That’s how it works - I am looking for a correction and open orders at high risk, the balance is my SL(stop loss). When I am wrong and the assumptions are good, I open another account and repeat orders. It will normally imply 2-5% risk. I slightly changed my strategy during the contest and achieved the greatest gains and the greatest losses in individual transactions: my most spectacular gain - 700% in a few days, considerable loss - 100% in a few minutes. Aleksandra was happy to give OctaFX traders some advice! You have to invest a lot, invest wisely, analyze errors and fix them. When you stop losing money, it will be the beginning of the road to good trader. And to my fellow contestants I say – Do not look at what others are doing, set yourself a goal and implement it. Aim for Tesla S or Renault Twizy – it doesn't matter! The title of OctaFX Supercharged real contest winner is priceless! It’s 20 days left to win next iPhone 6 – register in OctaFX Supercharged real contest now! Electrify your trading with OctaFX! 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!

USD/CHF attempts to stabilize above 0.8500 FXStreet (Córdoba) - The Swiss franc resumed the rise versus the dollar during the American session after a brief correction following yesterday outstanding rally triggered by the SNB. USD/CHF reached a high of 0.8800 during the European trade but failed to sustain that level and retreated toward the 0.8450 zone in recent dealings. The pair has spent the day zigzagging in a wide range, without a clear direction as investors overcome yesterday’s SNB shock. At time of writing, USD/CHF is trading at the 0.8500 zone, 16% below yesterday’s highs scored above 1.0200 before the SNB decided to remove the EUR/CHF floor. The unprecedented turmoil unleashed by the Swiss National Bank crushed Swiss stocks, with the nation’s index losing 13% over the last two sessions, and yields on the 10-year government bonds falling below zero for the first time ever. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

SNB creates shockwaves - Rabobank FXStreet (Guatemala) - Analysts at Rabobank noted that after more than 3 years, the SNB this week abruptly stopped trying to protect the EUR/CHF 1.20 floor. Key Quotes: "The SNB claimed that the overvaluation of the CHF has decreased in the past three years. In contrast, we would argue that protecting the EUR/CHF1.20 floor became too difficult in the face of renewed demand for the CHF as a safe haven asset in addition to the continued weakness of the EUR." "The news, which was accompanied by a decision to push interest rates further into negative territory, came just one week ahead of an anticipated pledge by the ECB to launch quantitative easing which could further pressure the EUR." "The SNB’s decision has had far reaching implications, one of which is to accelerate the broad-based downtrend in the EUR. As a consequence we have lowered our forecasts for many EUR crosses." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

US divergent growth factors - BNP FXStreet (Guatemala) - Alexandra Estiot, analyst at BNP Paribas explained factors around the US growth outlook. Key Quotes: "Plunging oil prices and a surging dollar are holding down inflationary pressures". "In the past, these trends have had divergent effects on growth: positive for falling oil prices and negative for a stronger dollar". "The United States has become the leading fossil fuel producing country. Consequently, it is no longer all that easy to evaluate the consequences of declining crude oil prices. Moreover, many of its trading partners will be hard hit by falling commodity prices". "All in all, these effects, though only temporary, will have a bigger impact on prices than on growth". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

US divergent growth factors - BNP FXStreet (Guatemala) - Alexandra Estiot, analyst at BNP Paribas explained factors around the US growth outlook. Key Quotes: "Plunging oil prices and a surging dollar are holding down inflationary pressures". "In the past, these trends have had divergent effects on growth: positive for falling oil prices and negative for a stronger dollar". "The United States has become the leading fossil fuel producing country. Consequently, it is no longer all that easy to evaluate the consequences of declining crude oil prices. Moreover, many of its trading partners will be hard hit by falling commodity prices". "All in all, these effects, though only temporary, will have a bigger impact on prices than on growth". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

GBP/USD heading for weekly lows? FXStreet (Guatemala) - GBP/USD is currently trading at 1.5113 with a high of 1.5237 and a low of 1.5112 and down 0.39% on the day. GBP/USD is weak, or rather, the greenback is strong. The pair has been making fresh lows this month and penetrating the 1.51 handle for the low of 1.5034 made on the 8th and attempts to the upside have been capped at 1.52671. The recent turmoil in markets post the SNB has seen the dollar start to benefit as analyst begin to predict that the outcome of the events are likely dollar favourable while positive data underpins a bullish bias in the currency. Earlier today, CPI was released at 0.8% vs 0.7% consensus and the recent release of the Michigan Consumer Sentiment beat expectations at 98.2 vs 94.1 expected. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

Reuters/Michigan consumer sentiment index jumps to 98.2 FXStreet (Córdoba) - Reuters/Michigan consumer sentiment index rose to 98.2 in January, according to preliminary estimates, recording its highest level in more than 10 years. The index rose 4.6 from a final December reading of 93.6, also beating market’s consensus of 94.1. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

EUR/USD drops to 1.1540 FXStreet (Edinburgh) - EUR/USD accelerated its downside following further US data releases on Friday, meandering around multi-year lows near 1.1540. EUR/USD looking for direction The pair quickly left behind the post-SNB lows in the 1.1570 region, unable to pick up pace despite both the Industrial Production and Capacity Utilization in the US economy came in below consensus. Industrial Production contracted 0.1% inter-month in December while the Capacity Utilization decreased to 79.7% during the same period, vs. 80% expected and previous. The Reuters/Michigan index is due next, with surveys expecting an improvement to 94.1 for the present month, up from 93.6. EUR/USD key levels At the moment the pair is losing 0.64% at 1.1544 and a breach of 1.1505 (low Nov.12 2003) would expose 1.1445 (low Nov.11 2003). On the flip side, the initial barrier lines up at 1.1647 (hourly high Jan.16) followed by 1.1792 (high Jan.15) and finally 1.1805 (200-h MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

Dukascopy announces that it is secure after yesterday's CHF volatility FXStreet (London) - Swiss brokerage Dukascopy Group has announced that it remains on firm footing after yesterday’s CHF volatility. Dukascopy had previously warned clients of the risk of an end to the EUR/CHF peg in October 2014. "Due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps and cause negative equity on client accounts, Dukascopy Bank is forced to implement a maximum leverage for EURCHF exposures of 1:10 as of 12 October 2014". The statement from Dukascopy comes after brokers Alpari and Excel Markets were forced to shutter as a result of substantial client losses. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 16,2015 OctaFX.Com News Updates

OctaFX.com-OctaFX proves its reliability in the light of recent events! Due to the unprecedented market events on 15.01.15 caused by the changes of Swiss National bank’s policy resulting in high volatility in CHF cross pairs quotes many traders encountered considerable losses. During these events, OctaFX demonstrated its high reliability: being devoted to our clients, we didn’t inflict any changes upon CHF cross clients trades. However, following the usual company policy we restored all negative client balances that occurred due to the fact that clients were unprepared to these rapid changes. All the deposit and withdrawal requests are processed by the Financial department following the normal procedure. If you have any questions, don’t hesitate to contact our award-winning Customer Support: support@octafx.com. OctaFX remains fully reliable and solvent despite the recent events. All the trades are performed according to the operational company standards. We are proud to confirm our stability and integrity. We thank our clients for staying with us and welcome new traders to try out our highly valued services! 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!

SNB ends EUR/CHF floor, CHF skyrockets - ANZ FXStreet (Guatemala) - Analysts at ANZ noted the recent recents surrounding the SNB's actions. Key Quotes: "The SNB announced the end of the EUR/CHF floor at 1.20." "The SNB simultaneously moved interest rates more negative with 3m Libor target now -1.25% to -0.25%." "The SNB said it will continue to take account of the exchange rate in formulating monetary policy." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 15,2015 OctaFX.Com News Updates