OctaFX_Farid

Republican Party creating turbulence - Investec FXStreet (Guatemala) - Jonathan Pryor, Corporate Treasury Analyst at Investec noted that the Republican Party has won control of the Senate in the US mid-term elections… Key Quotes: "The Republican Party has won control of the Senate in the US mid-term elections, increasing its power against Barack Obama in the final two years of his presidency. The Republican party is also set to strengthen its majority in the House of Representatives." "Republicans focused on voter dissatisfaction with President Obama throughout their campaign, describing the vote as a referendum on his presidency”. “The victory will make life more difficult for the Democrats and increase political turbulence for the Federal Reserve." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 05, 2014 OctaFX.Com News Updates

A “dot hike” from the Fed on the cards? - BAML FXStreet (Guatemala) - Ralph Axel, Rates Strategist at Bank of America Merrill Lynch notes the forthcoming consensus for the US jobs report in Nonfarm Payrolls could be a catalyst for a shift in sentiment around the feds first rate hike. Key Quotes: "A consensus or moderately below-consensus jobs report on Friday we believe can create an even greater divergence between the market and the Fed around the latter's expected tightening cycle”. “While such a report would result in an unchanged market or even lower yields on a weaker report, it could cause the Fed to increase its dots in next month's dot plot - a "dot hike" - which given the very large discrepancy between the market and dots should be a substantial hawkish surprise for markets." "The unemployment rate this Friday is the key number for the Fed, and we would view a 5.9% rate, which is the consensus, as providing a great opportunity to sell the front end of the rates market, preferably using EDZ6 euro/dollar contracts or 5y Treasuries, futures or swaps. If the unemployment rate drops to 5.8% or lower, especially with a weak nonfarm headline number, our conviction in this trade would increase materially OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 05, 2014 OctaFX.Com News Updates

GBP/JPY jumps to 6-year highs at 183.45 FXStreet (San Francisco) - Sterling rose to its highest level since October 2008 at 183.45 against the Japanese yen as the pair is trading upward following the JPY weakness. Currently, GBP/JPY is trading at 183.13, up 0.70% on the day, having posted a daily high at 183.45 and low at 181.51. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. GBP/JPY levels If the pair manages to extend gains, it will find next resistances at 183.45, 183.70 and 184.00. To the downside, supports are at 181.70, 181.15 and 180.90. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 05, 2014 OctaFX.Com News Updates

GBP/USD recovers above 1.5900 after ADP FXStreet (Córdoba) - GBP/USD rose further above 1.5900 after the release of the ADP report in the US. The pair climbed to 1.5926 reaching the strongest level since early European session. According to the ADP employment report, the US private sector added 230.000 jobs in October, slightly above the forecast of 220.000 that analyst expected. GBP/USD gains momentum Cable is trimming losses and recovering ground after falling to 1-year lows at 1.5867 earlier. Greenback weakened across the board after labor market numbers, but is still holding important gains for the day. The pair remain above 1.5920, but on a wider perspective is still under pressure, still far from the level it had at the beginning of Wednesday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 05, 2014 OctaFX.Com News Updates

USD/JPY hits fresh highs above 114.70 ahead of ADP FXStreet (Córdoba) - USD/JPY continued to rise and reached a fresh 7-year high ahead of the release of employment data in US at 114.76. The pair remains near the highs as the US dollar climbs further across the board. “The USD has recovered overnight, boosted not only by the strong outcome for the Republicans in yesterday’s election, but also by comments by BoJ’s Governor Kuroda, who has vowed to do whatever he can to achieve the BoJ’s 2% inflation target and noted that he sees no limit to the measures the central bank can take”, mentioned analysts from TD securities. USD/JPY with data ahead Volatility could persist over the coming hours. At 13:15 GMT the ADP employment report will be release and it could have an impact on the USD/JPY. The private payroll is expected to show an increase of 220.000; a larger number could boost the US dollar. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 05, 2014 OctaFX.Com News Updates

Gold continues to fall FXStreet (Mumbai) - Gold prices extend their slide ahead of the US session tracking broad based strength in the US Dollar and the strength in the US Equity futures. Gold is trading 2.46% lower at USD 1139/Oz levels while the US Dollar Index has inched 0.58% higher to 87.67 levels. The S&P futures are trading 0.50% higher at 2015.45 levels. The yellow metal failed to find any support from a slight weakness in the European PMI indices, since the equities in the Europe remained resilient. The yellow metal may dip further today if equities in the US rise further in anticipation of a more aggressive stimulus measure from the European Central Bank. Gold Technical Levels Gold has an immediate resistance at 1144, above which prices can re-test 1161 levels. Meanwhile, immediate support is seen at 1118 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 05, 2014 OctaFX.Com News Updates

USD/CHF climbs to 0.9650 FXStreet (Córdoba) - USD/CHF erased most of yesterday losses during the last five hours and climbed to 0.9650, reaching a fresh daily high, slightly below the price it had at the beginning of the week. Greenback is rising across the board on Wednesday, after US elections and ahead of the ADP employment report. Despite falling against the US dollar the Swiss franc is the best performer among European currencies. USD/CHF with support at 0.9575/80 The pair bottomed yesterday at 0.9578 and today during the Asian session approached the mentioned level that offered support again. Afterwards turned to the upside and climbed further on European horus. Again USD/CHF has approached 2014 highs that lie barely below 0.9700. From current price (0.9635/38), immediate resistance lies at 0.9650/55 and above here at 0.9665 and then 0.9690 (Nov 3 high). To the downside, support might now lie at 0.9615 and below 0.9575 (Nov 4 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 05, 2014 OctaFX.Com News Updates

OctaFX.com-OctaFX Markets! Economic Calendar You can view OctaFX Economic Calendar here with all the important news releases for the coming week. The values are updated after the news is released. Forex News Read the latest Forex news, financial prognosis and other related data from the world's most informative and reliable sources. Stay up to date in the current market state. Forex Calculator Forex Calculator is a very useful tool for all the traders out there. It allows you to calculate required margin, pips price and many other parameters National Holidays Calendar You can view the holiday calendar of various countries here. Please note that on some of these holidays markets will be closed (e.g. Christmas, U.S. Independence Day, etc). World Banks Interest Rates Please find the interest rates of various banks around the world on this page. Worldwide Interest Rates are presented here for educational purposes. Real-time Live Quotes These are the current live quotes from OctaFX. All the quotes are updated in real-time. Please feel free to use them in educational and informational purposes. We invite you to be part of OctaFx for your success future, OctaFx offering 50% each deposit bonus as well 8USD no deposit bonus, fast server no re-quoutes guaranty so, join right way to became successful trader. We are here to help 24/7 because its our pleasure to server you! Feel free to ask any question about OctaFX. we are glad to serve you the right way. 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!

AUD/USD retreats form 0.8750 FXStreet (Córdoba) - Despite the decline of the US dollar against European currencies, AUD/USD retreat during the American session, trimming gains. The pair bottomed during the Asian session at 0.8644 and then rose sharply. The recovery was capped by 0.8750 and then pulled back. Recently the pair printed a fresh session low at 0.8710 and currently trades at 0.8720/25, up 0.33% for the day. Earlier the retail sales report from Australia showed an increase of 1.2% surpassing expectations while export and imports also rose above expectations. Afterwards the central bank left rates unchanged as expected. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

United States IBD/TIPP Economic Optimism (MoM) up to 46.4 in November from previous 45.2 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

USD/JPY attempts to trades above 113.50, but rejected FXStreet (San Francisco) - After a brief period of consolidation in between 113.15 and 113.50, USD/JPY accelerated to return above 113.50 and testing daily highs at 113.75; however, pair received a rejection of this level and now it is below the 113.50 again. Currently, USD/JPY is trading at 113.41, down -0.31% on the day, having posted a daily high at 114.08 and low at 113.17. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. USD/JPY sentiment "The pair has still an unfilled gap at 112.30 yet seems chances of a turn towards the level are limited," Valeri Bednarik from FXStreet comments. "Above 113.90 on the other hand, the pair will likely advance towards fresh highs year highs around 114.50/60." In the short term, with a successful break above 113.50, the USD/JPY will find resistances at 113.75, 114.00 and 114.20. To the downside, supports are at 113.30, 113.15 and 113.00. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

Silver trades below USD 16.00 FXStreet (Mumbai) - Silver prices have failed to sustain gains above USD 16.00 levels, after ending the previous session at USD 16.20/Oz levels. Silver is trading 1.62% lower at USD 15.938/Oz levels today, after having struggled repeatedly around USD 16.20 levels. The recovery seen yesterday may have been driven by a bout of profit booking on the short positions. Moreover, Silver is down 16% on the year, while the recent slump has been more than the one witnessed in the Gold prices. A sharp rise in the US Dollar index has pressurized the precious metals pack. Meanwhile, Commodity Futures Trading Commission (CFTC) data for the week ended Oct. 28 revealed that the money-managers boosted their net-short in silver, pushing it to the highest level since June 3. Their bearish position now stands at 10,321 contracts. The large speculators cut 251 gross longs and added 1,434 gross shorts. Elsewhere, non-commercials added 135 gross longs and 1,638 gross shorts, making them net-short 98 contracts. Silver Technical levels Silver has an immediate support at 15.887, under which the prices can fall to 15.74 levels. On the other hand, resistance is seen at 16.14 and 16.20 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

Silver trades below USD 16.00 FXStreet (Mumbai) - Silver prices have failed to sustain gains above USD 16.00 levels, after ending the previous session at USD 16.20/Oz levels. Silver is trading 1.62% lower at USD 15.938/Oz levels today, after having struggled repeatedly around USD 16.20 levels. The recovery seen yesterday may have been driven by a bout of profit booking on the short positions. Moreover, Silver is down 16% on the year, while the recent slump has been more than the one witnessed in the Gold prices. A sharp rise in the US Dollar index has pressurized the precious metals pack. Meanwhile, Commodity Futures Trading Commission (CFTC) data for the week ended Oct. 28 revealed that the money-managers boosted their net-short in silver, pushing it to the highest level since June 3. Their bearish position now stands at 10,321 contracts. The large speculators cut 251 gross longs and added 1,434 gross shorts. Elsewhere, non-commercials added 135 gross longs and 1,638 gross shorts, making them net-short 98 contracts. Silver Technical levels Silver has an immediate support at 15.887, under which the prices can fall to 15.74 levels. On the other hand, resistance is seen at 16.14 and 16.20 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

AUD/NZD hovering around 1.1240 FXStreet (Córdoba) - AUD/NZD remains flat on Tuesday after RBA decision and ahead of key economic data from New Zealand. The pair bottomed during the Asian session after economic numbers from Australia and the RBA statement at 1.1207, reaching the lowest price since last Friday but then bounced to the upside and printed a daily high on European hours at 1.1272. AUD/NZD technical outlook In the short term the pair remains moving sideways, in a range between 1.1210 and 1.1270; with a bias that favors the aussie. But the area around 1.1300 has become a key resistance. After Wall Street closing bell the NZ employment report will be release and is likely to impact in the kiwi. Weak numbers could push the pair to test 1.1300 while to the downside, 1.1190 - 1.1200 is an important support area to consider if employment figures surpass expectations. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

NOK slumps, dragged by oil prices FXStreet (Córdoba) - The Norwegian krone is among the worst performers in the FX market given its high exposure to oil prices, which continue to fall. Both Brent and crude oil prices are about 2% down on the day, with the latter having scored a low of $75.90, last seen October 2011. Saudi Arabia cut its prices Monday for oil sold in December in the US, triggering the sell-off. Oil prices are down about 25% from mid-June highs. EUR/NOK has risen over 130 pips, or 1.59%, throughout the day and reached its highest level since September 2009 at 8.6226 in recent dealings. Meanwhile, USD/NOK gained nearly 1.5% and reached a 5 ½-year peak of 6.8916. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

NOK slumps, dragged by oil prices FXStreet (Córdoba) - The Norwegian krone is among the worst performers in the FX market given its high exposure to oil prices, which continue to fall. Both Brent and crude oil prices are about 2% down on the day, with the latter having scored a low of $75.90, last seen October 2011. Saudi Arabia cut its prices Monday for oil sold in December in the US, triggering the sell-off. Oil prices are down about 25% from mid-June highs. EUR/NOK has risen over 130 pips, or 1.59%, throughout the day and reached its highest level since September 2009 at 8.6226 in recent dealings. Meanwhile, USD/NOK gained nearly 1.5% and reached a 5 ½-year peak of 6.8916. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

EUR/USD in ranges above 1.2500 FXStreet (Córdoba) - The euro remained steady again the US dollar after the release of trade data from the US. EUR/USD continues to move in a range with support above 1.2500 and resistance below 1.2530. The pair is rising modestly, recovering after reaching fresh 2014 lows yesterday at 1.2437. The pair peaked at 1.2531 during the Asian session and since then held near the highs but unable to break above 1.2530. The trade deficit in the US in September rose to $43.03 B, above the $40B expected. It was the highest deficit since May. Greenback fell modestly after the report, but the forex market was mostly unaffected by the data. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

US index futures hint at a weak opening on Wall Street FXStreet (Mumbai) - The equity futures in the US declined as investors await evidence, in the form of macro data, that the economy can sustain a withdrawal in stimulus. The DJIA December futures are trading lower by 0.19% at 17,253 levels, while the S&P December futures are trading 0.25% down at 2006.15. Meanwhile, the Midcap index Russell 2000 December futures are trading 0.35% lower at 1162.00. Earnings reports may provide further clues to the health of the U.S. economy. Prudential Financial Inc., 21st Century Fox Inc., and Walt Disney Co. are among the S&P 500 companies posting financial results this week. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

Miner stocks hurt by rout in Gold prices FXStreet (Mumbai) - A sharp decline in the Gold prices witnessed in the last week led to a sharp sell-off in the miner stock prices in the US. The top five gold miners fell almost 12% on average in the last two trading sessions of the previous week. Kinross Gold fell 20% last week and trades nearly 50% down in 2014. Meanwhile, Roxgold and Romarco Minerals were most notable among losers, down 27% and 22% respectively. Barrick and Goldcorp's share prices fell 7% and 12% respectively. Moreover, the fall in some of the stocks was three times more than that of the fall in Gold prices, which indicates the sell-off may be overdone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

GBP/USD wobbling around 1.6000 FXStreet (Edinburgh) - The sterling remains in a sideline pattern on Tuesday, taking GBP/USD to the area around the psychological limestone at 1.6000. GBP/USD looks to the US for direction Absent relevant data or events in the UK economy, spot will focus on the US data releases later on today for better clues regarding direction, at least until the BoE MPC meeting due on Thursday. In the meantime, the pair seems comfortable hovering over the 1.6000 neighbourhood today, unable to break the consolidative mood either way. According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, “Rallies will find initial resistance at 1.6062 (20 day ma) ahead of key resistance at 1.6185. Short term onus remains on the downside, while we trade below 1.6185”. GBP/USD levels to consider At the moment the pair is up 0.16% at 1.6000 with the immediate hurdle at 1.6027 (high Nov.3) ahead of 1.6038 (high Oct.30) and then 1.6055 (Tenkan Sen). On the flip side, a breakdown of 1.5928 (low Nov.3) followed by 1.5875 (2014 low Oct.15) and finally 1.5854 (low Nov.12 2012). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 04, 2014 OctaFX.Com News Updates

OctaFX.com-Greet cTrader weekly demo contest winners of the Round 2! OctaFX cTrader Weekly demo contest continues to amuse our traders’ community! Today, we congratulate 5 out of 1105 participants, who managed to be the very best! OctaFX Welcome Round 2 winners: 1st place with the award of 150 USD goes to Mr. Dieggo Reppie from Indonesia 2nd place with the award of 100 USD goes to Mr. Iwan Dana from Indonesia 3rd place with the award of 75 USD goes to Mr. Crescencio Florento from Philippines 4th place with the award of 50 USD goes to Mr. Hugo Melendresfrom Argentina 5th place with the award of 25 USD goes to Mr. Roman Motokfrom Ukraine Overall, 50% of traders ended this round in profit, and we hope everyone will improve their result in the next Round, which starts November 10. 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! Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

Canada RBC Manufacturing PMI rose from previous 53.5 to 55.3 in October Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

Bullish outlook for USD/CAD - TD Securities FXStreet (Łódź) - The TD Securities team of experts observe that the headwinds for the CAD such as weaker commodities, continue this week so the bull trend for USD/CAD should remain in place for now. Key quotes "The week ahead will be hallmarked by two dual releases in the form of US and Canadian trade figures tomorrow and both countries’ employment reports on Friday." "In a nutshell, we are expecting Canadian trade to surprise on the upside and we have an on-consensus view on Canadian employment, whereas we are slightly below consensus on US trade but above consensus on US employment." "The first hurdle for the CAD will be trade—and we think risks here are somewhat asymmetric; ok-to-good data do little positive for the CAD but another disappointing outcome will hurt the CAD more. If both our employment forecasts come to fruition (-10K in Canada vs +239K in the US), funds will surely have another big up day Friday." "Governor Poloz speaks this afternoon at an event organized by the Canadian Council for Public Private Partnerships. We do not expect his speech to break new ground on the BoC latest thinking but the press conference scheduled at 14.00ET bears watching, as it will provide journalists the opportunities to ask the questions they could not ask upon the release of the MPR on October 22nd." "We remain conviction bulls on USDCAD; the headwinds we noted for the CAD last week—softer commodities and wider (more USD-supportive– remain evident at the start of the week and the charts are shaping up quite bullishly; the 40-day MA hold last week suggests the broader bull trend is intact, the consolidation (bull flag) break out points to more immediate gains and new highs, the higher weekly high negates a mildly negative weekly candle in the week before last." "We think modest dips are a buy and we would be reluctant to fade gains from here—USDCAD is shaping up for a move (recall weekly technicals point to 1.18+)." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

US Equities to open on a flat note FXStreet (Mumbai) - The US Equity markets are likely to open on a flat note today ahead of the monthly manufacturing data. The DJIA December futures are trading lower by 0.17% at 17,280 levels, while the S&P December futures are trading 0.10% down at 0.10%. Meanwhile, the Midcap index Russell 2000 December futures are trading 0.06% lower at 1170.30. The equity futures remained flat throughout the Asian and the European session after the weak Chinese manufacturing data renewed the concerns of a slowdown in the world’s second largest economy. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates

GBP/USD capped by 1.6020 FXStreet (Córdoba) - GBP/USD rose through the 1.60 mark and printed fresh daily highs, filling the weekly opening gap in the process, following stronger than expected UK manufacturing PMI. GBP/USD managed to bounce off a daily low of 1.5925 and rose nearly 100 pips throughout the day toward a high of 1.6020 before finding resistance and settling in a slim range over the last hours. At time of writing, the pair is trading at the 1.5998, virtually unchanged on the day. GBP/USD technical outlook “The short-term momentum is negative as long as prices remain below the hourly resistance at 1.6038 (30/10/2014 high). Another hourly resistance stands at 1.6088 (28/10/2014 low)”, said Peter A Rosenstreich, analyst at Swissquote Bank SA. “In the longer term, given the significant deterioration of the technical structure since July, the strong resistance area between 1.6525 (19/09/2014 high) and 1.6644 (01/09/2014 high) is expected to cap any upside in the coming months. Monitor the current consolidation phase near the strong support at 1.5855 (12/11/2013 low)”, the analyst added. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 03, 2014 OctaFX.Com News Updates