OctaFX_Farid

RUB could pick up pace in the upcoming months – BAML FXStreet (Edinburgh) - According to analysts at BAML, the demand for the Russian currency is expected to gather further traction in the next months. Key Quotes “We keep our current RUB55/USD forecast unchanged for now”. “Despite the likely short-term pressure from capital outflows and forced EXD deleveraging, the RUB could start receiving support from the likely reversal of massive FX positions in Russia”. “As a result, Russia has been buying FX since 3Q13 and throughout 2014. Last year, this buying was rather aggressive”. “According to the CBR, the Russian population and corporates bought US$30.4bn (only FX cash) in 2014, including over US$15bn in 4Q alone”. “In 1Q 2015, banks and corporates actually started to sell, with net selling reaching US$2.8bn. Nevertheless, massive FX positions remain and will likely be reversed with a much weaker RUB”. Aug 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

USD/CAD neutral near-term, bullish in the longer run – TDS FXStreet (Edinburgh) - Strategists at TD Securities have reiterated their bullish stance on spot in the longer term horizon. Key Quotes “The big question is whether the RMB devaluation will get in the way of a Fed hike in September”. “Front-end probabilities have ratcheted lower since last Friday’s payrolls where the September meeting was penciled in at about a 60% chance of a hike to about 40% now”. “We do not think the events take a September hike off the table and instead it will be prudent for the Fed to see how events unfold”. “We would be hesitant to chase the move lower in USDCAD and we think playing the range in USDCAD for the day ahead is appropriate, though we prefer to be neutral. Longer-term, we remain USDCAD bulls”. Aug 12,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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USD/CHF rises to 0.9900 FXStreet (Córdoba) - USD/CHF hit a 4-month high again, like it did last week and yesterday. Today it reached 0.9902, the strongest level since March 19. So far the pair was unable to break and rally above 0.9900 but continues to trade near the highs, as it did not pull back yet, like it did yesterday back toward 0.9830, from where is rising today. While greenback is among the best performer, the Swiss franc is the worst European performer, weakened by the agreement between Greek official and its creditors and also some analysts speculate that the Swiss National Bank could be behind the decline of the Swissy. USD/CHF near parity The pair continues to move with an upside bias and getting closer to the parity level. The last time it traded above 1.000 was in April, before falling to 0.9067 (May 7 low). Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

CLP outlook remains neutral – BAML FXStreet (Edinburgh) - In the opinion of analysts at BAML, the outlook for the Chilean peso remains neutral. Key Quotes “Chile is experiencing a small-scale stagflation. The economy remains stalled, but inflation has been above the target band for 13 of the past 14 month”. “The green shoots observed in 4Q 2014 and January 2015, driven by stronger exports and fiscal spending, have withered, as the economy either has contracted or remained flat since February”. “We now expect GDP to expand only 1.8% this year, compared to our previous expectation of 2.6%. Our forecast still embeds a good degree of optimism”. “We stay neutral the Chilean peso. On the positive side, the exchange rate has adjusted to lower terms of trade and the trade balance is well into surplus. On the negative side, the economic recovery has lost momentum and copper prices are falling sharply. Uncertainty around the constitutional reform is also hampering business investment”. Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/CHF breaks above 1.0900, highest since SNB shocker FXStreet (Córdoba) - EUR/CHF broke above 1.0900 and reached its highest level since the Swiss National Bank removed the peg back on January. EUR/CHF has advanced for seventh day in a row and it broke above the 200-day SMA and the 1.0900 psychological level to reach its strongest level since Jan 15 at 1.0919, as the shared currency continues to outperform following news of a bailout deal between Greece and creditors. At time of writing, the pair is trading at 1.0905, recording a 0.64% increase on Tuesday. EUR/CHF levels to watch In terms of technical levels, EUR/CHF could find immediate resistances at 1.0919 (Aug 11 high) and 1.1000 (psychological level). On the other hand, supports are seen at 1.0770 (Aug 11 low), 1.0758 (Aug 10 low) and 1.0705 (Aug 7 low). Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD deflates to 1.1030 FXStreet (Edinburgh) - The common currency has left the area of session tops near 1.1100 the figure vs. the greenback, dragging EUR/USD back to the 1.1035/30 region. EUR/USD capped by 1.1100 so far The pair has managed to recover more than a big-figure after the overnight drop following the announcements by the PBoC. However, sellers have stepped in around the 1.1100 handle, prompting spot to recede some ground to the 1.1035/30 region. In the data space, mixed results from the ZEW Survey in the euro area and Germany during August have lent some support to the euro during the European morning. In the same direction, news that Greece has almost secured a third bailout package has collaborated with the upbeat tone around EUR as well. EUR/USD key levels As of writing the pair is advancing 0.14% at 1.1034 with the next hurdle at 1.1089 (high Aug.11) ahead of 1.1113 (high Jul.31) and then 1.1129 (high Jul.27). On the downside, a break below 1.0961 (low Aug.11) would target 1.0855 (low Aug.7) en route to 1.0848 (low Aug.5). Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

AUD/USD breaks below 0.7300, hits 1-week lows FXStreet (Córdoba) - After moving near 0.7300 during hours, AUD/USD broke to the downside and dropped to 0.7282, reaching the lowest level in a week. AUD/AUD from 3-week highs to 1-week low During the Asian session the pair hit 0.7439 before turning sharply to the downside after the People Bank of China devalued the Yuan. So far, from the highs it has fallen more than 150 pips and is having the worst day in months. AUD/USD is trading slightly above the lows as it remains under pressure. The aussie is among the worst performers in the currency market. In a few minutes, after PBoC announcement, the pair erased August gains and is trading back below the level it closed on July, approaching again multi—year lows that lie at 0.7235. Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD falters ahead of 1.1100 FXStreet (Córdoba) - The euro reached a fresh August high against the dollar on Tuesday after Greece and its creditors reached a bailout deal, but faltered ahead of the 1.11 mark. EUR/USD reached its highest level since Jul 31 at 1.1087, but failed to stay at highs and pulled back to the 1.1030 zone. At time of writing, EUR/USD is trading at 1.1048, still up 0.27% on the day. Greece and international lenders struck a third bailout deal on Tuesday and the Eurogroup will reportedly meet on Friday to approve the agreement. EUR/USD technical levels As for technical levels, next resistances are seen at 1.1087 (Aug 11 high), 1.1093 (50-day SMA) and 1.1113 (Jul 31 high). On the other hand, supports could be found at 1.1032 (100-day SMA), 1.1000 (psychological level) and 1.0960 (Aug 11 low). Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/CHF in fresh highs near 1.0870 FXStreet (Edinburgh) - The Swiss franc continues to depreciate vs. the single currency on Tuesday, lifting EUR/CHF to the area of 1.0870. EUR/CHF in multi-month tops The cross is trading in the highest level since the SNB has abandoned the peg in mid-January, advancing towards the upper-1.0800s following increasing outflows from the safe haven CHF. The (kind of) solution in the Greek front following the agreement between the country and its creditors last month coupled with today’s pre-deal on a third bailout package has allayed fears amongst investors regarding a ‘Grexit’ scenario, favouring further positioning in the euro. EUR/CHF relevant levels As of writing the cross is up 0.24% at 1.0864 facing the next resistance at 1.09 and 1.10 (both psychological levels). On the flip side, a breach of 1.0760 (low Aug.10) would open the door to 1.0709 (low Aug.7) and finally 1.0676 (low Aug.6). Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

NZD, AUD risk further downside vs. USD – TDS FXStreet (Edinburgh) - Strategists at TD Securities reiterated their bearish view on the Antipodean currencies against the greenback. Key Quotes “Overall while we note our end-Q3 forecasts for AUDUSD (0.74) and NZDUSD (0.66) are rather close to current levels, the near-term risks remain on the downside”. “This is due, however, to broader trends in currency markets rather than the recent actions of the PBOC”. “As commodity prices remain under downward pressure, our expectations for a September rate hike from the Federal Reserve is likely to remain the single dominant factor, we think, in FX markets in coming weeks”. Aug 11,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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United States Labor Market Conditions Index rose from previous 0.8 to 1.1 in July FXStreet.com (Barcelona) For more information, read our latest forex news. Aug 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

PLN gains capped near term – Rabobank FXStreet (Edinburgh) - Strategist Piotr Matys at Rabobank believes the appreciation of the Polish zloty could be somewhat limited in the near term. Key Quotes “We were prepared to re-adopt our constructive view on the Polish zloty against the euro as the risk of Grexit diminished”. “However, risk aversion has again increased on the back of Chinese growth concerns suggesting that scope for PLN appreciation is limited near-term”. “In the coming weeks we will continue to monitor developments closely given that Greece faces the herculean task of fully implementing a very ambitious package of structural reforms in exchange of EUR 86bn funds”. “Polish politics are another source of risk. If opinion polls imply that the largest opposition party, Law and Justice, is on track to win general election in October and, more importantly, may secure a parliamentary majority, the odds that populist measures will be implemented will increase, which in turn would be negative for the Polish currency”. Aug 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Cautious tone ahead of US Retail Sales – Westpac FXStreet (Edinburgh) - Analysts at Westpac remain cautious when comes to bet on the upcoming Retail Sales in the US economy. Key Quotes “Retail sales disappointed in June, falling 0.3%. This result was partly attributable to weaker auto sales; however, core retail sales (ex autos and gas) still fell 0.2% in the month”. “In annual growth terms, momentum has steadily edged lower in recent months, with the June prints for total and core retail sales growth of 1.4%yr and 2.7%yr well below their respective peak growth rates, of 5.7%yr (Jan-15) and 5.1% (Nov-14)”. “A continued improvement in the labour market; robust consumer confidence; and firming expectations around incomes all point to stronger discretionary spending”. “Yet, as has been the case throughout this recovery, caution is likely appropriate. In July we anticipate a moderate rebound from recent weakness, with headline growth of 0.4%”. Aug 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

EUR/USD weaker, testing 1.0940 FXStreet (Edinburgh) - The single currency is now losing the grip vs. the dollar, dragging EUR/USD to daily lows in the 1.0940 area. EUR/USD gains limited around 1.0980 The pair remains trading in a choppy mood at the beginning of the week, with gains appearing to be limited by recent tops in the 1.0980/85 band. Spot is losing upside momentum against a backdrop of scarce data releases in both Euroland and the US economy while market participants keep digesting the recent results from the US labour market. Investor’s Confidence tracked by the Sentix Index and the US Labour Market Conditions Index are due later, ahead of the speeches by Fed’s Fischer and Lockhart. EUR/USD relevant levels As of writing the pair is retreating 0.23% at 1.0940 and a breach of 1.0855 (low Aug.7) would open the door to 1.0848 (low Aug.5) and then 1.0811 (low Jul.11). On the other hand, the next resistance lines up at 1.0990 (high Aug.4) ahead of the psychological level at 1.1000 and finally 1.1080 (high Jul.29). Aug 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Buy the dips towards 123.20 in USD/JPY – BBH FXStreet (Edinburgh) - The research team at BBH sees buyers of the pair lining up in the area of 123.20. Key Quotes “The dollar made a new marginal high of almost JPY125.10”. “However, there was momentum, and despite the constructive US employment data, the yield on the 10-year Treasury slipped”. “Despite a number of attempts since early June, has only managed to close above JPY125 once. That proved to be a near-term top”. “The dollar's technical condition deteriorated with the reversal after the US employment report. Initial support is seen near JPY 124.00, which also corresponds to the 20-day moving average. Look for better dollar buyers on a move toward JPY123.20”. Aug 10,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

OctaFX.com-OctaFX launches Southampton Score Prediction Contest on Facebook! Celebrating the start of Barclay’s English Premier League this Sunday, August 9, OctaFX launches Southampton Score Prediction contest that will last all season. OctaFX team designed this promotion for you to come and see Southampton FC spectacular performance! We want you to be in that number with us! Participating is easy: we’ll offer you to guess the score of the next approaching Southampton match and choose a winner at random. The contestant who guesses the score correctly will be awarded with 2 tickets to the next home game of Southampton FC! This week, we offer you to guess the score of Southampton FC – Newcastle United fixture, taking place August 9, 2015. Comment a post with your prediction, like and follow our official Facebook page, share the contest task and you’re in the game! Cheering for Southampton while watching the game is advisable. Visit OctaFX Official Facebook page to find the contest task – the first task is very special: we’ll award three correct predictors! All the comments left before the start of the game are eligible to participate. Read full contest rules here Stay tuned for more amazing promotions that feature Southampton FC! OctaFX – Official Forex partner of Southampton FC 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!

United States Average Hourly Earnings (YoY) increased to 2.1% in July from previous 2% FXStreet.com (Barcelona) For more information, read our latestforex news Aug 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

United States Labor Force Participation Rate remains unchanged at 62.6% in July FXStreet.com (Barcelona) For more information, read our latestforex news Aug 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

GBP/USD creeps to fresh highs near 1.5530 FXStreet (Mumbai) - The British pound brushed off negative trade data and extended higher versus the American dollar in the European session, pushing GBP/USD beyond 1.55 handle, as sterling stood resilient to the rising US ahead of the key US labour market report due later in the session ahead. GBP/USD rises from 1.5503 levels The GBP/USD pair trades 0.05% higher at 1.5520, easing-off fresh session highs reached at 1.5530 in last hours. The cable swung between gains and losses and now struggles to extend gains further as a series of negative events occurred lately continue to pressure the British currency versus the buck. Earlier this session, the cable was sold-off on the back of BOE Broadbent’s dovish comments relating to the central bank rate-hike outlook and also on widening UK trade deficit news. Moreover, BOE coming out surprisingly dovish with its minutes and revising lower its inflation outlook on Thursday also keep the negative sentiment around the pound intact. Markets now remain cautious and may favour the greenback ahead of the crucial US NFP numbers which may have major impacts on the pair. Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex! GBP/USD Levels to consider The pair has an immediate resistance at 1.5552 (July 10 High) above which gains could be extended to 1.5638 (Aug 6 High) levels. On the flip side, support is seen at 1.5466 (Aug 6 Low) below which it could extend losses to 1.5449 (July 14 Low) levels. Aug 07,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BOE MPC vote split – 8:1 – for the first time in 2015 FXStreet (Mumbai) - The Bank of England (BOE) latest monetary policy minutes released on Friday showed monetary policy committee is divided for the first time this year over whether to raise interest rates from their historic low of 0.5%. According to minutes, only one member - Ian McCafferty - voted in favour of a rate rise. Prior to the minutes' release, markets were expecting a 7-2 split. The last time the split in voting was seen in December 2014 when both Mr McCafferty and Martin Weale voted in favour of a 25 basis points increase. Aug 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

BOE MPC leaves interest rates unchanged FXStreet (Mumbai) - The Bank of England (BOE) Monetary Policy Committee (MPC) on Thursday voted to maintain Bank Rate at 0.5% as expected. The Committee also voted to maintain the stock of the purchased assets financed by the issuance of central bank reserves at GBP 375 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. Aug 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

Euro Stoxx 600 pushed lower by weakness in energy and mining shares FXStreet (Mumbai) - The Euro Stoxx 600 retreated on Monday due to the losses in the energy and mining shares, while investors await latest cues regarding the timing of the first rate hike in the UK. The index is down 0.3%, after rising 1.3% on Wednesday. The energy shares came under renewed selling pressure tracking the drop in the oil prices. Danish biotechnology company Novozymes; down 11.52% on the pan-European index after cutting its sales growth forecast. Shares in Deutsche post and Zurich Insurance Group also suffered more than 2% losses due to weak results. Weaker oil prices pushed shares in Tullow Oil lower by 5.43%. Mining firms like Anglo American, Antofagasta also suffered losses. Meanwhile, Shares in National Bank of Greece rose 23%, the top performer so far, after falling by the same margin on Wednesday. Among regional indices, France’s CAC 40 index was down 0.1% and the UK FTSE 100 index was 0.2% lower. Germany’s DAX index rose 0.1% after data showed an increase in German factory orders in June. Aug 06,2015 OctaFX.Com News Updates Trade with OctaFX - the Most Reliable Forex broker!

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