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Investors keep scaling back EUR shorts – Rabobank FXStreet (Edinburgh) - Senior Market Strategist Christian Lawrence at Rabobank assessed the performance of EUR and USD according to the last positioning report. Key Quotes “Net EUR shorts dropped heavily again last week. This is consistent with the better tone of the EUR in the spot market and suggestive of investors unwinding carry trades as concerns about Chinese growth hit hard”. “Net USD longs continue to decline. Although expectations of a rate hike have been fluctuating between September and December a growing minority have been calling for a later move in 2016”. Sep 01,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Redbook index (MoM) down to 0.2% in August 28 from previous 0.3% FXStreet.com (Barcelona) For more information, read our latest forex news. Sep 01,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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EUR/USD Bulls are losing momentum EUR/USD sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line. On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions. The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further EUR/USD depreciation is there. Aug 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

FXStreet (Córdoba) - EUR/USD has continued to move lower and posted fresh 1-week lows at the beginning of the New York session as the dollar was bolstered by better-than-expected US GDP and jobless claims figures. EUR/USD extended losses and bottomed out at 1.1225 and continues to trade near lows, almost 500 pips below its Monday peak of 1.1712. At time of writing, the pair is trading at 1.1235, recording a 0.68% loss on the day. Investors are closely monitoring US economic data as the Fed has made it clear that the timing of the lift-off will be data dependent. Next on tap, data includes pending home sales and the Kansas Fed manufacturing index. EUR/USD technical levels In terms of technical levels, EUR/USD could find next supports at 1.1213 (Aug 12 high), 1.1200 (psychological level) and 1.1130 (20-day SMA). On the flip side, resistances are seen at 1.1300 (psychological level), 1.1317 (200-day SMA) and 1.1364 (Aug 27 high). Aug 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD drops to weekly lows after US GDP FXStreet (Córdoba) - EUR/USD came under renewed pressure and printed fresh 6-day lows after data showed US gross domestic product grew at a faster pace than initially estimated in the second quarter. US GDP expanded at a 3.7% seasonally adjusted annual rate in the second quarter up from the initial estimate of 2.3% growth and beating expectations of a 3.2% rise. Meanwhile, the PCE price index, the Fed’s preferred measure of inflation, rose 2.1% in the Q2 versus 2.0% expected. As for employment, separated data showed US initial jobless claims dropped to 271K in the latest week down from 277K and versus 274K expected. Investors are closely monitoring US economic data as the Fed has made it clear that the timing of the lift-off will be data dependent. The dollar strengthened across the board and dragged EUR/USD to a fresh low of 1.1248, last seen Aug 21. At time of writing, the pair is trading at 1.1250, recording a 0.55% loss on the day and having already retraced all previous weekly gains. Aug 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Gross Domestic Product Price Index above expectations (2%): Actual (2.1%) FXStreet.com (Barcelona) For more information, read our latest forex news. Aug 27,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX cTrader for Apple released! OctaFX is ready to present one more improvement for cTrader users! We are now supporting cTrader for Apple devices! Good news for every cTrader user in OctaFX community! You can now trade 48 currency pairs using cTrader for iOS! The application can be downloaded free of charge and is compatible with iPhone, iPad and iPod touch. Our app is also optimized for iPhone 5, iPhone 6 and iPhone 6 Plus. cTrader gives you the very best in FX trading as a native app. Enjoy fast execution for FX and commodities and easy-to-use interface with full balance, margin and P&L information. View all symbols and rates, including your favorites list. You’ll get the same core functionality as cTrader Web for Mobiles, with faster launch times and the same easy-to-use interface. Click here to dowload cTrader for iOS: Having any questions? Contact our award-winning Customer Support with all your queries. Experience our best trading conditions trading on cTrader for iOS! 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!

GBP/USD stages crushing decline The 1-hour GBP/USD MACD series is sitting at extreme lows. Recent plummeting GBP/USD price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario. Aug 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD back above 1.14000 on Dudley comments FXStreet (Córdoba) - EUR/USD broke below 1.1400 after the release of the US durable goods orders report that surpassed expectations. The pair bottomed at 1.1351, reaching the lowest level since last Friday. It remained trading near the lows amid a stronger USD dollar in the market, but then bounced to the upside, after W. Dudley comments, climbing back above 1.1400 The president of the New York Federal Reserve Bank said that a rate hike in September seem less compelling for him than what it was a few weeks ago. The comments reduced expectations about a rate hike by the Fed in September. Still, the NY Fed chairman hopes that the central bank can raise rates on 2015. EUR/USD back to Monday’s level Thanks to Dudley’s outlook EUR/USD rose back above 1.1400; before it was trading with support at 1.1350 and resistance below 1.1400, around the levels it closed last week. The euro surged on Monday, rising 400, surpassing momentarily 1.1700. It failed to hold and it pulled back sharply erasing all gains. Aug 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD oscillates above 0.7100 FXStreet (Córdoba) - AUD/USD has entered a consolidative phase on Wednesday, having steadied following sharp moves at the beginning of the week when the Aussie posted fresh 6-year low at 0.7036 on the back of a risk-off wave. AUD/USD managed to recover from multi-year lows but the upside was capped by the 0.7250 zone on Tuesday confining the pair to a narrow range. At time of writing, AUD/USD is trading at 0.7125, little changed since opening. AUD/USD technical perspective “The pair is short term neutral, with the price struggling around a bearish 20 SMA and the technical indicators lacking directional strength around their mid-lines”, said Valeria Bednarik, chief analyst at FXStreet. “In the 4 hours chart, however, the bearish bias prevails, with the price well below a strongly bearish 20 SMA and the technical indicators turning back south after a limited upward correction in positive territory”. Bednarik locates immediate support levels at 0.7095, 0.7050 and 0.7010, while she sees resistances at 0.7150, 0.7200 and 0.7240. Aug 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD flirting with 1.3300 FXStreet (Edinburgh) - The greenback is now recovering some ground lost vs. its Canadian counterpart on Wednesday, with USD/CAD looking to regains the vicinity of 1.3300 the figure. USD/CAD rebounds after US releases The dollar found further support after US Durable Goods Orders surpassed initial estimates during July, expanding at a monthly pace of 2.0% vs. -0.4% forecasted and advancing 0.6% MoM excluding the Transportation sector. The current recovery in crude oil prices is lending CAD some support, offering some respite amidst the ongoing weakness surrounding the commodities-related currencies. USD/CAD levels to consider At the moment the pair is losing 0.32% at 1.3294 with the immediate support at 1.3249 (low Aug.26) ahead of 1.3144 (low Aug.25) and then 1.3060 (low Aug.21). On the upside, a surpass of 1.3351 (high Aug.26) would expose 1.3400 (psychological level). Aug 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD: parity now unlikely by year-end – BTMU FXStreet (Edinburgh) - Derek Halpenny, European Head of GMR at BTMU, sees the possibility of the pair reaching the parity level by year end quite unlikely at the moment. Key Quotes “Our bearish EUR/USD view will have to be adjusted to take account of this financial market turmoil triggered by the renminbi devaluation. Extreme risk aversion has clearly resulted in a further liquidation of euro short speculative positions, surely partly versus the renminbi, and hence our current year-end forecast of parity looks difficult to achieve”. “However, the profile will still certainly remain for the euro to move lower. The relative monetary policy factor has weakened due to the financial market turmoil given the markets were close to positioned for a September rate increase but the deflationary shock stemming from the turmoil is more worrying for the ECB than it is for the Federal Reserve”. Aug 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Bears grip European markets, sell-off resumes FXStreet (Mumbai) - European indices resumed its downward spiral on Wednesday after the recovery seen yesterday, as the latest effort by the Chinese central banks seems to have failed to prop up the stock markets with the Shanghai composite index flipping back in to the red zone at close. Losses came after US stocks ended Tuesday's session sharply lower, failing to keep the rally following the People's Bank of China's (PBOC) action. The central bank cut the RRR by 50 basis points, and slashed both the deposit and lending rates by 25 basis points in response to the latest huge market sell-off. While some stocks in Asia rebounded on Wednesday, the Shanghai Composite index closed the session 1.3% lower, even after it had edged up for most part of trading hours. Markets also seem to have ignored the latest PBOC announcement that the central bank will inject 140 billion yuan into the financial system through a short-term liquidity adjustment operation. Germany's DAX 30 index drops -1.31% to 9995 while the UK benchmark FTSE 100 loses -1.45% to trade at 5993. Among the other indices, the French CAC 40 index is down nearly -1.50% and trades at 4497, and the pan-European Euro Stoxx 50 also slips -1.6% to 3,166. Aug 26,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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CNY expected to drop further – Danske Bank FXStreet (Edinburgh) - Analysts at Danske Bank see the Chinese currency losing further ground in the next weeks. Key Quotes “The main implications of China’s new exchange-rate policy are that the link to the USD has weakened and the exchange rate has become more dependent on growth and monetary policy in China”. “In our view, China is not aiming for a major competitive devaluation. However, relative monetary policy between China and the US suggests that the CNY will continue to depreciate and we expect it to depreciate by close to 5% against USD in the next 12M”. “In the short run however, we expect the PBoC to keep the CNY in a tight grip ahead of the IMF’s decision on SDR this autumn. Hence, we only expect it to depreciate slightly on a 1M and 3M horizon”. Aug 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD gathers pace and hits 2-month highs FXStreet (Córdoba) - EUR/USD picked up fresh momentum and extended gains to fresh 2-month highs as the dollar continues to suffer on the back of FOMC minutes and the euro is among the best performers. EUR/USD broke above the 1.1300 level on Friday and rose through the 200-day SMA to reach its highest level since Jun 22 at 1.1352 in recent dealings. At time of writing, the pair is trading at 1.1350, recording a 0.97% gain on Friday. EUR/USD levels to watch As for technical levels, next resistances are seen at 1.1400 (psychological level), 1.1409 (Jun 22 high) and 1.1435 (Jun 18 high). On the other hand, supports could be found at 1.1228 (Aug 21 low), 1.1213 (Aug 12 high) and 1.1200 (psychological level). Aug 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

European Monetary Union Markit Services PMI registered at 54.3 above expectations (54) in August FXStreet.com (Barcelona) For more information, read our latest forex news. Aug 21,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CNY neutral in the short term – BTMU FXStreet (Edinburgh) - Strategists at BTMU keep the neutral stance on the pair for the upcoming week. Key Quotes “Unless US Fed Vice Chairman Fischer shocks markets back to September we are beginning to shift towards trading as if lift-off could be December”. “That feels like a headwind against more USD strength next week, which used to not matter for USD/CNY but that was before the renminbi’s regime change”. “PBOC in its stabilization campaign also seems to be leaning a bit to the downside”. “Whether the Caixin/Markit manufacturing PMI # can sustain the recovery seen in its MNI counterpart, however, will be important as to whether PBOC can cement expectations”. Aug 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/JPY remains capped below 124.00 after US data FXStreet (Córdoba) - USD/JPY continues to trade within its daily range, unable to set short-term-direction, and having shrugged off the latest string of US data. On the data front, US existing home sales rose 2.0% in July to 5.59 million, reaching its highest level since February 2007. Meanwhile, the Philly Fed manufacturing index rose to 8.3 in the same month, beating expectations of 7.0. Earlier, US jobless claims came in at 277K versus 272K expected, standing near low levels. However, the dollar failed to benefit from strong data after the FOMC minutes didn’t leave clear if the Fed is ready to hike rates in September. USD/JPY is currently trading at 123.90, 0.1% above its opening price, having recovered from a 3-week low of 123.68 scored on Wednesday. However, with the upside capped by 124.15, the pair has been confined to a phase of consolidation. USD/JPY levels to watch In terms of technical levels, USD/JPY could find immediate supports at 123.68 (Aug 19 low) and 123.60 (50-day SMA). On the other hand, resistances are seen at 124.15/20 (Aug 20 high/21-day SMA), 124.45 (Aug 19 high) and 124.61 (Aug 13 high). Aug 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Speculation about snap elections in Greece - unconfirmed FXStreet (Córdoba) - There are some unconfirmed rumours circulating in Twitter mentioning a possible resignation from Greek PM Alexis Tsipras and call snap elections tonight. Aug 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Franc to depreciate in the longer run – SNB’s Jordan FXStreet (Edinburgh) - SNB President Thomas Jordan has once again reiterated that the Swiss franc is expected to weaken in the upcoming periods. At the same time, and as usual, he stressed that the central bank stays ready to intervene if necessary. Aug 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Canada Wholesale Sales (MoM) above expectations (1%) in June: Actual (1.3%) FXStreet.com (Barcelona) For more information, read our latest forex news. Aug 20,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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