OctaFX_Farid

OctaFX.com-How IB program works! How it works How to become an IB? Open a partner account at OctaFX. Receive your referral link in the "IB Area" section of your Personal Area at OctaFX. That's it, you are now an IB for OctaFX! IB conditions! Promo items for IB. 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!

Disappointing services PMI spoils GBP sentiment further – KBC FXStreet (Barcelona) - The KBC Bank Research Team shares that Cable is testing the correction low in the 1.5170 region after UK services PMI fell from 58.6 to 55.8. Key Quotes “Yesterday, sterling was fighting an uphill battle as the political debate on Brexit heated up during the weekend. Today, sterling remained in the defensive, but the pressure was lower than yesterday.” “(Currency) investors kept a close eye on the UK services PMI as domestic demand and services were an important factor behind the UK recovery. At the end of last week, the manufacturing PMI and the index from the construction sector showed a loss of momentum at the end 2014. The services PMI confirmed this picture. The index declined from 58.6 to 55.8 (58.5 was expected). Cable dropped to the 1.5175 area after the publication of the report and struggled to rebound further out in the session.” “The pair is testing the correction low in the 1.5170 area at the momentum of writing.” “EUR/GBP ‘spiked’ to the 0.7850 area after the PMI and settled in a sideways range roughly between 0.7825/50. Sterling still isn’t in good shape, but the damage could have been even worse.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 07,2015 OctaFX.Com News Updates

Dec US employment index drops, but keeps Fed hike expectations unchanged – ING FXStreet (Barcelona) - Rob Carnell of ING, notes that the US non-manufacturing ISM came out weaker than expectations and the employment index registered a marginal dip, keeping the Fed hike expectations on course for a Q2 15 rate hike. Key Quotes “The US non-manufacturing ISM index for December (56.2) was somewhat weaker than consensus expectations (58.0, INGf 58.4), and was a little surprising as this contemporaneous indicator of retail strength should be receiving good support from both lower oil prices and a buoyant labour market. Recent car sales strength is a reflection of this.” “But in any case, it is the employment index of this survey that we usually look at, and this dipped fairly marginally to 56.0 from 56.7 back in November, and is in our view still consistent with a decent, albeit somewhat less robust payrolls figure in January from the 321K figure initially printed for December.” “Consensus is currently looking for a 240K payrolls figure with a slight dip in the unemployment rate to 5.7%, and hopefully a further uptick in the wages growth rate to 2.2%. All of which, if it happens, should keep the Fed on course for a 2Q15 (June rather than April we think) first rate hike.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 07,2015 OctaFX.Com News Updates

Dec US employment index drops, but keeps Fed hike expectations unchanged – ING FXStreet (Barcelona) - Rob Carnell of ING, notes that the US non-manufacturing ISM came out weaker than expectations and the employment index registered a marginal dip, keeping the Fed hike expectations on course for a Q2 15 rate hike. Key Quotes “The US non-manufacturing ISM index for December (56.2) was somewhat weaker than consensus expectations (58.0, INGf 58.4), and was a little surprising as this contemporaneous indicator of retail strength should be receiving good support from both lower oil prices and a buoyant labour market. Recent car sales strength is a reflection of this.” “But in any case, it is the employment index of this survey that we usually look at, and this dipped fairly marginally to 56.0 from 56.7 back in November, and is in our view still consistent with a decent, albeit somewhat less robust payrolls figure in January from the 321K figure initially printed for December.” “Consensus is currently looking for a 240K payrolls figure with a slight dip in the unemployment rate to 5.7%, and hopefully a further uptick in the wages growth rate to 2.2%. All of which, if it happens, should keep the Fed on course for a 2Q15 (June rather than April we think) first rate hike.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 07,2015 OctaFX.Com News Updates

MPC losing the footrace versus the Fed – BAML FXStreet (Barcelona) - The Research Team at Bank of America-Merrill Lynch explains that with BoE continues to lose the race to policy tightening versus the Fed with markets pushing probability of a MPC rate hike into early 2016, and thus anticipate Pound to face lose against the USD in the near-term. Key Quotes “It has been an inauspicious start to the year for GBP which has underperformed all of its G10 peers with the exception of the NOK. Sentiment has not been helped by further evidence of a loss of momentum in the UK economy, with both the manufacturing and construction PMI numbers printing on the weaker side of expectations.” “Though the USD has made a strong start to 2015, GBP/USD has been particularly hit hard, driven primarily by a further shift in rate differentials in favor of the USD.” “With the markets pushing back the chances of UK rate hikes into 1Q16, the Bank of England continues to lose the footrace to policy tightening versus the Fed. GBP/USD is thus likely to remain under pressure in the near-term as these forces continue to dominate sentiment.” “EUR/GBP has once again failed to make a sustained break of the 0.7750 level despite significant pressure on the EUR at the start of the year.” “The conflicting forces of prospective QE weighing on EUR and softening near-term UK inflationary pressures weighing on GBP suggest that EUR/GBP will trade a range for the time being. But, in our view, with the UK general election on the horizon and continued uncertainty on the outcome, there appears to be no respite for the GBP at present.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 07,2015 OctaFX.Com News Updates

AUD/JPY fails to hold above 97.00 FXStreet (Córdoba) - AUD/JPY erased gains and is moving toward yesterday’s low that lie at 96.37; if it fall under it would be trading at the lowest since December 18. During the Asian session the pair climbed to 97.20 but failed to hold and pulled back. On European hours rebounded and the 97.00 offered resistance. Currently trades at 96.48, down 0.30% for the day weakened by the rise of the yen across the board. The Japanese currency is among the strongest for the second day in a row supported by risk aversion and falling US government bond yields. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 07,2015 OctaFX.Com News Updates

OctaFX.com-OctaFX cTrader Weekly demo contest Round 6 winners rewarded! While Round 7 of cTrader Weekly demo contest runs, OctaFX is happy to present you Round 6 winners and their prizes: 1st place with the award of 150 USD goes to Mr. Anggun Febriyanto from Indonesia 2nd place with the award of 100 USD goes to Mrs. Siti Nuraisyah from Indonesia 3rd place with the award of 75 USD goes to Mr. Seteven from Indonesia 4th place with the award of 50 USD goes to Mr. Didik Purnomo from Indonesia 5th place with the award of 25 USD goes to Mr. Bahtiyor Usmonov from Uzbekistan Mr. Anggun Febriyanto performed the most profitable trade in this round and deserved the first place with a help of his skillful funds management! Congratulations! We thank every trader for participation. The next round of cTrader Weekly demo contest starts in a week – it’s high time to register and win prizes from OctaFX! Join OctaFX traders in this competition and try out our new cTrader platform while trading demo account! Discover cTrader advantages and win OctaFX prizes! Choose OctaFX as your top-notch Forex broker! 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.com-OctaFX Champion Round 33: 1st place winner on his attempt that turned out to be a success! Last round in the year 2014 is finished and we are ready to share winner’s experience with you! It always makes us proud to receive traders’ stories and give them a chance to be heard! Let us remind you the names of our winners: 1st place – Mr. R Tjahyo from Indonesia 2nd place – Mr. Aliaksei Matusevich from Belarus 3rd place – Mr. Ahmet Metin Yilmaz from Turkey The last runner in the contest – Mr. Rathuwaduge Suranga from Sri Lanka 1st place – Mr. R Tjahyo from Indonesia on his experience as a winner: I praise and am thankful to Allah God Almighty and I feel great. After several attempts, I finally found myself exactly where I wanted to be. I actually did not think I could be in first place at least in the first 3 weeks of the round. Last week I saw a chance to occupy 3rd place and I tried to trade safe and be more careful. The last 3 days I was surprised to be the 3rd and I tried to maintain my position. And on a beautiful weekend today, in the last days in the month of December I received an email notification from OctaFX that I achieved the highest position in the contest. Wow I am very excited and happy. Thanks OctaFX for this wonderful weekend. Now let me tell you about my trading: I do not always have time to be in front of the computer and analyze every opportunity. I actually have little time to analyze. So I was assisted by a robot in the day-to-day trading. My technique was scalping with price action guide combined with looking for an opportunity to get a pull back price when the price passed the resistance or support on 5M chart. Yes, I developed a trading robot to help me with these techniques. In addition I did swing trades manually. This round is my highest achievement after the round 32 contest a month ago: I was in 4th place. Previously, I've experienced a few times a margin call in the demo and live account. In my opinion everyone can learn the concepts of Forex Trading quickly in a matter of months. However, becoming consistent takes years. Be patient, learn from experience and have a good money management – that is the best way to become a good trader and also survive in this business. I would not say I am better than the others. I prefer to say it was the right time for the right opportunity and the right trading track. Eliminate greed and fear, as it is the key to success. I believe every person has the opportunity to be the best. 2nd place – Mr. Aliaksei Matusevich from Belarus: I am happy to occupy the 2nd position. I tried various techniques. I think I just got lucky, but now I am considering participating in other OctaFX promotions. Practice makes perfect! 3rd place – Mr. Ahmet Metin Yilmaz from Turkey: It was nice and exciting experience and it didn’t take much time. Discipline and belief in my system which I developed with time helped me to gain my results. My strategy is based on price action, and yes, I develop this strategy with trying various techniques. Actually I don't think that I am a good trader. If I occupy the first place in the future, I will think about giving advice to fellow traders. The last runner in the contest, Mr. Rathuwaduge Suranga from Sri Lanka: I was trying for 2 years to become the winner and to occupy the first place. However I am happy about your company even being the last. I will try my best to get to the 1st place next round. I have played and learned a lot to improve next time. It will take a long time to become a good trader! I am with you since 2012, but I am still leaning! We thank all the participants for their stories! Feeling inspired by them? Register in OctaFX Champion Demo Contest Round 35! 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: Not much in the way until 1.1900 – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares that with the technical indicators heading south and the daily charts presenting a strong bearish momentum, there is not much in the way for EUR/USD pair until 1.1900 levels if it breaks below 1.2000. Key Quotes “The EUR/USD pair debut in this 2015 sees it dangerously close to the 1.2000 level for the first time since June 2010” “Data was far from encouraging both shores of the Atlantic, but the dollar rules anyway: as a new month starts, market attention shifts to Central Banks possible movements, with the ECB expected to introduce some further stimulus as deflation and lack of growth become more evident month after month.” “The US by opposition, will release next week its employment figures, and there are no signs the strong growth seen on previous months will suffer a setback.” “Technically, the weekly chart of the EUR/USD pair shows that price continues to slide below its moving averages, whilst indicators head south below their midlines, with RSI around 25 after a failure attempt of correcting higher, and with no bottom yet confirmed in the indicator.” “In the daily chart indicators present a strong bearish momentum also supportive of a continued decline.” “The immediate supports stands at the 1.2000 psychological figure, and if broken, there is little in the way down to the 1.1900 level. There’s a possibility this last gives up next week, and it that case the next big long term support stands in the 1.1650 area.” “Last December week low around 1.2160 is the immediate resistance level, followed by 1.2250 price zone. Upward movements up to this last are possible but not likely, and market players will see those advances more as selling opportunities than as signs of a bottom.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

EUR/JPY drops to 7-week lows FXStreet (Córdoba) - EUR/JPY broke below 144.70 after the release of a weak ISM report in the US that boosted the yen across the board. The pair dropped from 145.00 to 144.33 in a few minutes, hitting the lowest price since mid November. EUR/JPY levels The decline found support above the 144.30 area and it was trading at 144.50, down 0.32% for the day. Below support levels might lie at 144.00, 143.65 (Nov 5 high) and 142.95. To the upside, resistance could be located at 144.70 (Dec 30, 31 low), 145.30 and 145.55 (Dec 31 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

EUR/JPY drops to 7-week lows FXStreet (Córdoba) - EUR/JPY broke below 144.70 after the release of a weak ISM report in the US that boosted the yen across the board. The pair dropped from 145.00 to 144.33 in a few minutes, hitting the lowest price since mid November. EUR/JPY levels The decline found support above the 144.30 area and it was trading at 144.50, down 0.32% for the day. Below support levels might lie at 144.00, 143.65 (Nov 5 high) and 142.95. To the upside, resistance could be located at 144.70 (Dec 30, 31 low), 145.30 and 145.55 (Dec 31 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

Euro areas December preliminary HICP to show negative inflation – ANZ FXStreet (Barcelona) - Brian Martin of ANZ, anticipates the December preliminary HICP release for the euro area to show a negative headline inflation at -0.1% y/y, further noting that the ECB will do everything possible to ensure this doesn’t translate into deflation. Key Quotes “The December preliminary HICP release for the euro area is expected to show that headline inflation fell to -0.1% y/y, its weakest growth since October 2009. The anticipated drop is chiefly a result of the collapse in oil prices. The last time euro area inflation was negative was in 2009, when it spent five months below zero.” “Weakness in the domestic economy is also adding to the absence of price pressures. The December manufacturing PMI came in at 50.6, slightly below expectations as both the French (47.5) and Italian (48.4) PMIs disappointed.” “The ECB needs to try and anchor inflation expectations. Whilst the ECB’s survey of professional forecasters shows inflation expectations five year’s forward are 1.8%, the ECB’s fear is that persistently low inflation could weigh on this. Financial market implied inflation expectations fell sharply last year. In line with its mandate, the ECB will do everything possible to ensure negative inflation does not translate overtime into deflation.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

Can US raise rates in 2015 amidst global concerns? – RBS FXStreet (Barcelona) - The Research Team at RBS notes that today’s ISM release will help determine the answer to whether US will raise rates amidst global concerns. Key Quotes “For the US, the critical question of "can the US go it alone amidst these global concerns, and raise rates in 2015, even modestly?" remains. Today's ISM release will help determine if the base case answer in the markets continues to be "yes," and if the ongoing equity market rise continues to send the message that even if the Fed does so, riskier assets should be just fine.” “Some of this I believe is the current impression that even as rates rise, it will happen in a "not too hot not too cold" fashion – rate rises won't be too hot or fast given the global outlook and local inflation backdrop, while the cold coming from overseas is to be met with asset boosting stimulus abroad, helping all global assets.” “This may end up being the case, but I have doubts that even if it is, we will get there without any volatility, minor market "accidents," or periods of concern that one side of the other will indeed be "too hot" or "too cold.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

---------------------------- EUR falls to 4.5yr low, breaking below 1.2043 (2012 low) – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank shares that EUR fell to a 4.5yr low, breaking below 1.2043 (2012 low), on soft PMIs & Draghi’s comments that price stability risks have increased, and anticipates the pair to head towards 1.1800 levels towards 2015-end. Key Quotes “EUR is weak, having lost a further 0.5% since the close of 2014; breaking below the July 2012 low of 1.2043; opening up the next level of resistance at 1.1877, the 2010 low. The combination of soft PMI data and dovish comments by ECB President Draghi have weighted heavily on the currency.” “The final December Eurozone manufacturing PMI came in at 50.6, still in expansion and above the November dip to 50.1, but disappointing the expectation for 50.8. In addition, ECB President Draghi commented in Germany’s Handelsblatt that “the risk that we don’t fulfill our mandate of price stability is higher than it was six months ago”, highlighting once again that the ECB is in technical preparations to alter the size, speed and composition of its current asset buying program.” “The next ECB meeting is January 22nd and there is already building anticipation as to the action the central bank is likely to take.” “We expect EUR to trend lower throughout 2015 and hold a year‐end target of 1.1800.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

---------------------------- Data ahead: US December ISM Manufacturing PMI expected to decline – TDS FXStreet (Barcelona) - Shaun Osborne and Martin Schwerdtfeger, FX Strategists at TD Securities, preview the data ahead for US and Canada, and anticipate the US December Manufacturing PMI to decline modestly to 56.3 from previous 58.7. Key Quotes “The first US indicator of 2015 will be the final Dec print for Markit’s US Manuf PMI, which is seen rising modestly to 54.0 from a preliminary reading of 53.7.” “Nov Construction Spending will be released at 10.00ET, and the market calls for a 0.4% monthly gain (1.1% prior).” “The Dec ISM Manuf PMI — also out at 10.00ET — is expected to decline modestly to 56.3 (mkt 57.5) from a particularly strong 58.7 in the prior month, showing some deterioration in momentum but continuing to signal a strong growth handoff into 2015; Prices Paid are expected to fall further to 43.5 (44.5 prior).” “In Canada, the RBC Manuf PMI for Dec will be released at 9.30ET; there is no market call, Nov came in at 55.3 and the index has been steadily rising since Jan last year.“ OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

---------------------------- FX outlook for 2015 – Scotiabank FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, shares the FX outlook for 2015, anticipating broad USD strength to create a pattern similar to 2014 among the majors. Key Quotes “In 2014, NOK and SEK were the worst performing primary currencies, losing 18% each; followed by JPY and EUR, who lost 12% and then the commodity currencies of AUD and CAD who lost just over 8% each, leaving GBP as the outperformer, having lost just 6% against the USD but gaining ground against all the other majors.” “Looking out to 2015, we expect broad USD strength, with a similar pattern among the majors, where EUR and JPY lose the most ground, and GBP weakens against the USD but outperforms both EUR and JPY. AUD and CAD are likely to continue to weaken.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

Fed hike could spell trouble for US stocks – Comstoc FXStreet (Barcelona) - The Comstock Partners Team note that a Fed rate hike in 2015 could spell trouble for the already overvalued US stocks, as it was previously seen after the ending of QE1 and QE2. Key quotes “In December, the U.S. stock market staged a furious comeback rally following a rapid and substantial decline. Just prior to the latest upturn, the market seemed ready and poised for further and even more substantial declines.” “The rally appears to have been precipitated by the Fed substituting the word “patience” for “considerable time” in their latest policy statement. While we were disappointed that the markets rallied based on the simple parsing of words, we remain convinced that deflation, overvaluation, and Fed policy in response have intertwined to cause one of the largest stock market bubbles in history.” “Importantly, the velocity (turnover of money) of the M2 money supply has remained near the lows of the past 60 years. That statistic serves as proof that the Fed’s efforts are getting very little “bang for the buck”. “As you all know energy prices have been collapsing, as supply is overwhelming demand--many think that energy prices are holding back the U.S. bull market by hurting other countries abroad. Soon they will realize that the commodity price decline is caused by the global distress--not the other way around.” “The Fed is about to raise interest rates sometime in 2015 (for the first time in 6 years), and that could be trouble for stocks just as it was after the ending QE-1, and QE 2. On the other hand, if they don’t raise rates it would only be based on failed QE policies that were supposed to revive the economy. This is the incredible dilemma that the Fed faces in the coming year.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

Euro rapidly approaching June 2010 low of $1.1877 – BBH FXStreet (Barcelona) - The Growth Aces Research Team notes that Draghi strengthened QE bets by commenting that the ECB was in preparations to adjust the QE measures to keep the inflation near its target, leading the EUR to make a fresh low at 1.2035. Key Quotes “European Central Bank President Mario Draghi said the risk of the central bank not fulfilling its mandate of preserving price stability was higher now than half a year ago, and reiterated its readiness to act early this year should it become necessary.” “Euro zone inflation stands at 0.3%, far below the ECB's target of just under 2%. Draghi said: “We are in technical preparations to adjust the size, speed and compositions of our measures early 2015, should it become necessary to react to a too long period of low inflation. There is unanimity within the Governing Council on this.” He added that government bond purchases were among the tools the ECB could use to fulfill its mandate.” “The EUR/USD fell to 1.2035 after Draghi strengthened expectations for quantitative easing in the Euro zone. That was the lowest level since June 2010.” “We were looking for a correction in the EUR/USD. However, breaking below the level of 1.2100 fueled bearish sentiment.” “Our strategy now is to sell EUR/USD at 1.2180. If our order is filled the target will be 1.1950 (just below daily low on June 6, 2010).” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

Euro rapidly approaching June 2010 low of $1.1877 – BBH FXStreet (Barcelona) - The Brown Brothers Harriman shares the FX performance for majors, and suggests that the EUR/USD pair is rapidly approaching the June 2010 low of 1.1877 after it made a fresh low at 1.2035 levels. Key Quotes “The euro broke below the mid-2012 low to trade at $1.2035, rapidly approaching the June 2010 low of 1.1877. Euro-area final PMI manufacturing for December came in slightly lower at 50.6, but more significantly, Draghi made some more dovish comments during an interview to a German newspaper yesterday. He reinforced the ECB’s reediness to act and his concerns about deflation.” “The New Zealand dollar is the weakest major currency on the day, falling to $0.7750 against the dollar, but still well within recent ranges.” “The pound is also underperforming, falling to a 16-month low of 1.5470 after a weaker UK PMI figure for December, at 52.5 compared with 53.6 expected.” “The dollar is back above the ¥120.0 level against the yen, in part supported by comments by BoJ governor Kuroda saying that the bank still has tools to meet the CPI target.” “The Indonesian rupiah fell over 1% following a shockingly weak set of trade prints for December. Exports fell -14.5% y/y (exp. -4.5%) and imports were -7.3% (exp. +0.1%), leading to a -$426 mln trade deficit. The ruble is back on the defensive again, falling 1.0% against the basket.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jan 02,2015 OctaFX.Com News Updates

OctaFX.com-OctaFX cTrader demo contest – one week, 5 prizes, ultimate competition! The main aim of the competition remains the same while environment changes: trade your cTrader demo account and end the week in highest profit to receive the prize from OctaFX. The contest round lasts one week – from Monday Market opening to Friday Market closing! Prize fund of $400 is distributed between five lucky traders. Prize fund of $400 is distributed between five lucky traders: Contest rules and regulations View round standings Take part now! 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!

Crude oil hits fresh multi-year lows FXStreet (Córdoba) - Oil prices extended its decline during the last trading day of the year amid oversupply concerns. Crude oil fell more than 2% and hit a fresh 5-year low of $52.68 a barrel before recovering somewhat. Oil is trading at $53.35/bbl, still on track to post a 43% loss in 2014, its biggest annual decline since 2008, as the OPEC refrained from cutting output to keep the price high. The latest US government report on oil inventories showed stockpiles decreased by 1.8 million barrels during the last week. On the other hand, the American Petroleum Institute reported Tuesday US crude inventories rose by 760,000 barrels last week versus expectations of a 100,000 barrels decline. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 31, 2014 OctaFX.Com News Updates

USD/CHF at highs since July 2012 FXStreet (San Francisco) - The USD/CHF is enjoying its negative correlation with the EUR/USD and after a 35-pip rise from 0.9890, the pair jumped to trade at highs since July 2012 at 0.9925. Regarding the EUR/USD, it pushed lower and hit a fresh 29-month to bid farewell to the year 2014 as euro weakened following London's close. Currently, USD/CHF is trading at 0.9910, up 0.20% on the day, having posted a daily high at 0.9928 and low at 0.9879. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. USD/CHF levels If the pair consolidates gains above 0.9900, next resistances are at 0.925 and 1.0000. To the downside, supports are at 0.9900, 0.9890 and 0.9880. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 31, 2014 OctaFX.Com News Updates

AUD/USD erased gains and fell below 0.8170 FXStreet (Córdoba) - AUD/USD weakened and reversed the daily trend falling 40 pips during the last three hours. The pair failed to hold above 0.8200 and dropped to 0.8168, reaching a fresh daily low. The aussie failed to hold to gains after trading at 2-week highs while the US dollar gained momentum across the board, hitting fresh highs after Wall Street opening bell. AUD/USD technical levels To the downside, support levels might lie at 0.8155 and below at 0.8120 (Dec 30 low) while to the upside resistance could be located at 0.8190, 0.8215 (daily high) and 0.8255. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 31, 2014 OctaFX.Com News Updates

USD/CHF rises back above 0.9900 FXStreet (Córdoba) - The US dollar strengthened across the board ahead of the last trading session in Wall Street and pushed USD/CHF back above 0.9900. The pair printed a fresh daily highs at 0.9910 and approached 2014 highs that lie at 0.9918 (Dec 30). In the US, initial jobless claims rose more than expected to 298.000 last week but despite the economic report, greenback continued to rise in the market. USD/CHF is rising 0.17% today and over the year has gained more than 11%, having the best year since 2005. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 31, 2014 OctaFX.Com News Updates

GBP/USD rejects the 1.5620 and falls to test MA 200 hours at 1.5575 FXStreet (San Francisco) - The rally of sterling against the dollar from 1.5550 found resistance at 1.5620 area, where the pair experienced a selling interest that sent it back to test the level of MA 200 hours of 1.5575. Currently, GBP/USD is trading at 1.5576, up 0.13% on the day, having posted a daily high at 1.5622 and low at 1.5550. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. Ealier in the day, the GBP/USD rose since it was pressured to the upside from the EUR/GBP decline to lows since October. On a bigger timeframe, pound is on track to post its sixth monthly loss in a row in December and the year nearly 6% lower. GBP/USD levels Below the 1.5575, the GBP/USD will find supports at 1.5550 and 1.5500. To the upside, resistances are at 1.5620, 1.5660 and 1.5680. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 31, 2014 OctaFX.Com News Updates