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[OctaFX_Hanna]

OctaFX launches MT5

OctaFX has yet again expanded its offering to ensure it provides the best trading conditions in the industry – this time enabling users to trade on the MT5 trading platform. OctaFX provides unrivalled low spreads and commission-free trading on both MT4 and MT5 platforms.

MT5 sports a new user interface enabling users to chart assets at 21 different timeframes and have up to 100 different currency charts open at any given time.

Key new MT5 features include enabling traders to:

• Open positions in one click right from the Market Watch window
• Analyse trends and recognise patterns with over 80 built-in indicators
• Backtest and optimise EAs in an advanced Strategy Tester
• Keep updated with the upcoming news releases with the built-in Economic Calendar
• Place two new types of pending orders - Buy Stop Limit and Sell Stop Limit orders
• Hedge, opening multiple trades for the same symbol including in opposing directions

Enhancing its user offering still further, OctaFX will shortly be announcing revamped account types and conditions. MT5 will be packaged with OctaFX's new Pro Account.  Look out for more information on OctaFX's Company News page.

To open a new MT5 Pro account Click here.  Go to the downloads page to choose the MT5 version that suits you best. MT5 is available for PC, iOS, Android and you can also trade from your browser.

[OctaFX_Hanna]

Round 52 of cTrader Weekly demo contest: winners announced!

Another week is over, and so is the latest cTrader Weekly demo contest Round 52 which means another $400 have been reserved for the most skilful competitors. This time, the best of the best were:

• 1st place with the award of $150 goes to Mr. Muhammad Usman from Pakistan.
• 2nd place with the award of $100 goes to Mr. Mohamed lamine Zaamta from Algeria.
• 3rd place with the award of $75 goes to Ms. Umu Hikmatin, Se.MM from Indonesia.
• 4th place with the award of $50 goes to  Mr. Rizwan Ali from Pakistan.
• 5th place with the award of $25 goes to  Mr. Imam Pamungkas from Indonesia.

Want to join the winners list next time? There is no easier way to test your trading skills and to win in a no-risk environment than to join OctaFX cTrader Weekly demo contest. No funds are required to participate: the competition is held on cTrader demo platform. If you’ve never tried it before, here are a few points to catch your interest:

• Level II Pricing: a full range of prices directly from liquidity providers;
• Templates: create and save chart templates to use later;
• Advanced Chart Trading: simply click-and-drag to trade;
• Mobile and Web trading;
• Automatic screenshots;
• Algorithmic trading with cAlgo;
• ...and many more!

Ready to try and compete? Then open a demo account to take part in the upcoming round of  cTrader Weekly demo contest and make sure to do your best!

OctaFX cTrader Weekly demo contest: compete and win!

[OctaFX_Hanna]

OctaFX delights traders with new accounts offering

OctaFX, the forex broker renowned for offering the lowest spreads in the industry, today announced a complete revamp of its trading accounts and conditions. In its bid to constantly respond to customer requests and improve trading performance, OctaFX has further enhanced conditions on both MT4 and cTrader accounts as well as launching a brand new MT5 Pro Account.

OctaFX’s new Pro Account is designed to suit traders who wish to take advantage of the benefits of the new MT5 platform. MT5 offers numerous new features including an enhanced new user interface, the ability to hedge, opening multiple trades for the same symbol including in opposing directions, and the ability to place Buy Stop Limit and Sell Stop Limit orders, to name but a few.

In addition to enabling trading on MT5, OctaFX’s new Pro Account provides users with even lower floating spreads, starting from 0.2 pips. And for those interested in additional currency pairs, indices (Nikkei 225, Nasdaq 100 S&P 500 Dow Jones 30), precious metals or crude oil, a total of 44 instruments are now included. The Pro account is commission-free and the combination of a minimal volume limit of 0.01 lot, 1:200 leverage and advanced MT5 analysis tools enables traders to adapt their strategy to any market conditions.

OctaFX has combined the best features of their old Micro and ECN accounts into their newly enhanced MT4 Micro account. These include spreads starting from 0.4 pips, a minimal volume of 0.01 lot and 1:500 leverage. The number of trading instruments available with the MT4 Micro account has been increased to include 28 currency pairs as well as gold and silver. New MT4 ECN accounts are no longer available but existing users of old account types (MT4 or cTrader) can continue to use their old accounts for trading.

Traders interested in direct market access are now able to select OctaFX’s revamped cTrader ECN account. This account features raw spreads from 0.0 pips, competitive commissions and 35 currency pairs along with gold and silver and level II quotes.   

“We have listened attentively to our customers and developed a suite of accounts designed not only to cater to almost all our traders’ needs, but also to provide industry-leading trading conditions,” said an OctaFX spokesperson. “We have built a reputation of putting our customers first and we are thrilled to be able to once again delight traders on OctaFX.com with unrivalled trading conditions.”

Here is what some OctaFX customers are saying:

I love the Pro account! It has extremely low spreads, includes more instruments and it’s much more interesting to have CFD and Energies in the OctaFX platform.

Muhammad Hafizul Abdul Rashid

I love the spreads. I do notice there is platinum and palladium on there and 1:200 is good leverage, I think it is safe… This pro account has indices, OctaFX has never offered those before. I'm very happy.

Maxim Ferberov

To find out more about OctaFX accounts or if you would like to open a new OctaFX MT5 Pro, MT4 Micro or cTrader ECN account, please click here.

[OctaFX_Hanna]

Round 55 of OctaFX Champion demo contest: $1000 for the winners!

OctaFX Champion demo contest is a real challenge for the real champions, so let’s congratulate the traders of the month who were the best in Round 55! The prize fund of $1000 was shared between the following Forex masters:

• 1st place with the award of 500 USD goes to Mr. Dejan Kostovski from Macedonia.
• 2nd place with the award of 300 USD goes to Mr. Yuliantono from Indonesia.
• 3rd place with the award of 100 USD goes to Mr. Adi Putra Nugraha from Indonesia.
• The last place is Mr. Zainal Efendi from Indonesia who has won 100 USD

What are their secrets of success and trading experiences? Here are a few exciting stories from our champions!

1st place: Mr. Dejan Kostovski from Macedonia
Being an OctaFX Champion feels great. It feels great to know that, for a moment in time, you were the best at something you wanted.

Usually I trade during the London and the US sessions (and sometimes Tokyo too) always looking for a good opportunity to enter the market. Economic calendar is helping a lot, so my trading is somehow scheduled. I pay close attention to the announcements because it’s quite probable that they may affect the direction of the market. There were a few days when I was very active and trading took a lot of my time.

My focus is mostly on the real trading, but I'd like to continue participating in all your contests - they are all very good. Also, I'd like to win again.

When I saw the ranking just 6 days before the end of the contest, I looked at the Economic calendar and decided to trade during the most probable market-moving events.

I had a plan to take the risk on the last day of the contest to become the winner. So it worked.

To be honest, in this Round of OctaFX Champion demo contest I didn't use any specific strategy. I just traded during the most influential events. Also, to climb the ranking list and to make a big profit on the last day of the contest I had to risk. I tried to anticipate how much EURUSD and GBPUSD will move and scalp all the way down. My most spectacular gain was when the non-farm payroll numbers were announced and the Consumer Price Index numbers came out. I had some loss too, but only once. It was just 20%.

If you ask me for a piece of advice, I believe  that there is no particular amount of time needed for a trader to become a real pro. Advanced traders say they learn new things every day as they continue to improve, so continuity and consistency are the most important points here. Good traders are those who are able to adjust their strategies and to learn about themselves.

But if I were to generalize, it takes at least 6 months or up to 2 years of active trading to become quite a skilled trader.

2nd place: Mr. Yuliantono from Indonesia
I’m very happy and proud to take the second prize! I don’t trade too much and too often; only when I have some free time. However, contests have always been appealing to me, I think it’s a great opportunity.
What is my key to success? Patience and discipline, of course. There is nothing more important in trading than patience and discipline. The strategy that I use is based on the shape of the candlestick. I will continue to explore this technique in the future. I also get the greatest profits when the major news are released.
It took me quite a long time to master my trading techniques. I believe one has to practice from 5 to 10 years to become a good trader.

3rd place: Mr. Adi Putra Nugraha from Indonesia
I’m glad to be in the list of winners! I don’t spend a lot of time on trading in general and on contests in particular, it’s some kind of fun for me, so it was a pleasant surprise to get a prize. I’m not sure I will participate in any other promotions in the future, but it was anyway great to take part in this OctaFX Champion round. My favourite strategy is to be able to control emotions. It’s not too easy and it takes some time, but at the end of the day, it’s worth it.

The last place: Mr. Zainal Efendi from Indonesia
Of course, I want to improve my performance! My goal is to beat the other contestants and become the champion in the next round. I got a valuable lesson and I want to try some other techniques next time. Yes, there are some things that I want to repeat again, hopefully they will work better in the future. For me, Buy Limit & Sell Limit are the keys to maintain profits and avoid losses. Talking about time, it takes no less than 3 years to be a good trader, but I guess I have to go on learning and practicing!

OctaFX Champion demo contest offers a $1000 prize fund and an excellent opportunity to test your trading skills without any financial risk. All you have to do is to trade within a month and become the round leader by the finish date! OctaFX Champion demo contest is easy to take part in: just register here and become one of the champions!

OctaFX Champion demo contest: bringing success

[OctaFX_Hanna]

Changes in Trading Schedule for GER30

OctaFX would like to inform you of the changes in the trading schedule for GER30 index. Monday, October 3, trading on GER30 (on MetaTrader5) is closed. Trading reopens Tuesday, October 4, 09:00 EET.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

Thank you for choosing OctaFX as your top-notch Forex Broker!

[OctaFX_Hanna]

cTrader Weekly demo contest, Round 53: $400 for five winners!

Ready to hear the results of OctaFX cTrader Weekly demo contest Round 53? Five outstanding traders shared the well-deserved prize fund of $400, and here they are:

• 1st place with the award of $150 goes to Mr. Puji Harno from Indonesia.
• 2nd place with the award of $100 goes to Ms. Sutini from Indonesia.
• 3rd place with the award of $75 goes to Mr. Misran Marbawi from Indonesia.
• 4th place with the award of $50 goes to  Mr. Mahmoud Ahmed Abed Alaziz from Egypt.
• 5th place with the award of $25 goes to  Mr. Prabhulal Rugnathbhai Rupala from India.

OctaFX cTrader Weekly demo contest is quick and easy to participate in. Every new round takes just a week, so if you don’t like to trade and wait for the long time, this contest is a right choice for you! All you have to do is open a cTrader demo account and trade. No deposit is required and no financial risks are involved. If you are not yet familiar with cTrader platform, here are some of its advantages:

• Direct Market Access brokerage capabilities;
• Mobile trading;
• Level II market depth;
• Full-size tick chart;
• Reverse position in one click;
• Double position in one click;
• Scale out positions;
• Close all open positions in a single click;
• ...and many more!

Don’t miss your chance and open a demo account to participate in the next round of cTrader Weekly demo contest!

OctaFX cTrader Weekly demo contest: try to win!

[OctaFX_Hanna]

Welcome cTrader weekly demo contest Round 54 winners!

One more round of cTrader weekly demo contest is over, and the results of the contest are announced. While our Round 54 winners celebrate their victory, all traders who want to test their trading abilities can join the contest. We are glad to award prizes to the distinguished winners:

• 1st place with the award of $150 goes to Mr. Czeslaw Socha from Poland.
• 2nd place with the award of $100 goes to Mr. Olexandr Korobkin from Ukraine.
• 3rd place with the award of $75 goes to Mr. Moh. Hanafi from Indonesia.
• 4th place with the award of $50 goes to  Mr. Gang Chen from China.
• 5th place with the award of $25 goes to  Mr. Yasunori Nakatsuta from Japan.

If you are still wondering if cTrader Weekly demo contest is a good fit for you, here are a few advantages for you to consider:

• Free of charge. No registration fee or other expenses. Get a demo account and trade - for free.
• A chance to win real prizes. The prize fund comprises $400 and is divided among five winners.
• Fast. The duration of cTrader Weekly demo contest is 1 week, so it won’t take you long to get your prize.
• Learn and improve. cTrader Weekly is a demo contest which makes it an ideal place to test your skills and develop your abilities with no risk.

It is very easy to take part in our contest, just open a demo account to participate in the next cTrader Weekly demo contest round!

OctaFX cTrader Weekly demo contest: demo trading, real experience!

[OctaFX_Hanna]

OctaFX: changes in trading conditions for US30, NAS100, SPX500

OctaFX updates trading conditions for US indices. We would like to inform you that starting from 31.10 leverage for US30, NAS100, SPX500 indices will be lowered from 1:50 to 1:10 on Metatrader 5 trading platform. Leverage will be lowered from October 31 till November 14 due to the probable high volatility that can occur during US president elections.

We would like you to be aware that further changes can be made depending on market volatility.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com.

[OctaFX_Hanna]

OctaFX trading schedule changes due to the end of Daylight Saving Time

OctaFX team would like to notify you that on Sunday, October 30, Daylight Saving Time ends in Europe. Please, note that Forex market and our servers convert from EEST to EET on this date. Our server time will be EET (Eastern European Time) starting Sunday, October 30. Don't forget to consider this fact while planning your trading.

Please note, that on Friday, November 4th, 2016, trading on all available instruments will be closed at 23:00 EET (Server Time), due to the fact that the USA converts to Standard time a week later.

Trading hours will return to normal from Sunday, November 6th, 2016.

Moreover, starting from October 31st to November 4th, 2016, trading on metals, oil and indices will be opened and closed 1 hour earlier than usual (server time). Don't forget to consider this fact while planning your trading.

Here is the timetable for your convenience (October 31st - November 4th):

*Please mind that blackout for some indices shifts accordingly:

For AUS 200 blackout time is 08:30-09:10 EET (instead of 09:30-10:10)
For US30, NAS100, SPX500 blackout time is 22:15-22-30 EET (instead of 23:15-23:30)

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com.

Thank you for choosing OctaFX as your top-notch Forex Broker!

[OctaFX_Hanna]

Changes in trading conditions due to US President election

Dear customers, in addition to the update of trading conditions for US indices due to the coming US President elections we would like to inform you about the following changes in trading conditions taking place from November 7 till November 9th across all platforms and accounts.

Leverage will be lowered to 1:200 for currency pairs and to 1:50 for metals and oil.

Margin requirements will be increased 5 times for accounts with the balance higher than $10000 (or equivalent).
 
This is all due to the fact that higher volatility, low liquidity and spreads widening are expected during US President election period. Trading conditions are expected to get back to normal on 00:00 EET (Server time) November 10.

We would like to remind you that starting from 31.10 leverage for US30, NAS100, SPX500 indices will be lowered from 1:50 to 1:10 on Metatrader 5 trading platform. Leverage will be lowered from October 31 till November 14.

Please consider this information while planning your trading.

We would like you to be aware that further changes can be made depending on market volatility.

 We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any questions occur, please contact us at support@octafx.com.

[OctaFX_Hanna]

Trading conditions will be reverted back to normal November 10

Dear customers!

OctaFX would like to let you know that company’s financial position has not been negatively affected during US Presidential election period.

We would like you to be aware that changes that took place during US President election period will be reverted back to normal tonight, November 10th. In order to make this happen we will perform a 10 minute scheduled technical maintenance. Trading won’t be available November 10 from 00:00 EET (Server time) till 00:10 EET (Server time).

Please consider this information while planning your trading.

In case you have any questions, don’t hesitate to contact our award-winning Customer Support: support@octafx.com.

[OctaFX_Hanna]

SERVER MAINTENANCE – SATURDAY NOVEMBER 19, 2016

We would like to inform you that we will be performing a scheduled server maintenance this Saturday, November 19 from 15:00 till 15:00 Server time (EET). Our website will be temporarily unavailable during the maintenance.

The planned maintenance is aimed at technical improvements and will help us provide you with a faster, more reliable and stable services.

We would like to apologize for any inconvenience caused. In case of any failures, please report immediately to support@octafx.com.

Thank you for your patience!

[OctaFX_Hanna]

Trade JPN225 on our brand new MT5 Pro account!

Lowest spreads from 0.2 pips
44 trading tools including indices and shares
Absolutely no swaps

Open an account now!

[OctaFX_Hanna]

OctaFX US Thanksgiving Day trading schedule

OctaFX Technical Department would like you to be informed that due to the coming US Thanksgiving we have altered a trading schedule for several trading instruments. Starting from November 24th to November 25th, 2016, trading schedule for some instruments and indices will be changed. Please, consider the following schedule while planning your trading.

For your convenience, we provide you with the timetable (EET, server time):

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com

Thank you for choosing OctaFX as your top-notch Forex Broker!

[OctaFX_Hanna]

OctaFX cTrader Weekly demo contest, Round 56: new winners

Another week has passed which means we have a new bunch of winners! The greatest traders of cTrader weekly demo contest Round 56 were:

1st place with the award of $150 goes to Mr. Misran Marbawi from Indonesia.
2nd place with the award of $100 goes to Mr. Eka Budi Setyawan from Indonesia.
3rd place with the award of $75 goes to Mr. Rajinder Singh from India.
4th place with the award of $50 goes to Mr. Junming Zhang from China.
5th place with the award of $25 goes to Mr. Ruwanta Srinath from Sri Lanka.

What are the benefits of the contest?

No deposits required. No registration fees or other payments! Just trade and compete!
Demo trading, real prizes. Every week the prize fund comprises $400!
Quick results. Get the contest results at the end of each week!
Learn on the go. OctaFX cTrader Weekly demo contest is a good chance to learn while trading with no risk. All you need is to trade and learn.

Are you feeling lucky and skilled enough to do your best and win in the next Round of OctaFX cTrader Weekly demo contest? It’s as easy as that: just open a new demo account and enter the competition!

OctaFX cTrader Weekly demo contest: the new level of trading experience!

[OctaFX_Hanna]

OCTAFX IS NOMINATED FOR 4 PRESTIGIOUS TITLES IN FOREX AWARDS 2016!

OctaFX is happy to be appreciated by the customers and trading experts, and we are proud to announce the exciting news: OctaFX has been chosen to represent 4 nominations in Forex Awards 2016!

You can register at the Forex Awards website and vote for us following the links below:

Best Forex Broker
Best Forex Broker, Europe
Best Execution Broker
Best ECN/STP Broker

Forex Awards, a Forex-Ratings branch, gives recognition of the Forex brokerage companies by thousands of customers.

Introduction by Forex-Awards.com means acknowledgment of the highest quality level of services offered by the nominees and winners, and OctaFX company is glad to be represented in four nominations this year!

We appreciate your support! Choose OctaFX as your Best Forex Broker 2016!

[OctaFX_Hanna]

Trade SPX500 with OctaFX!

You can now trade SPX500 with OctaFX – open new Pro Account here!

[OctaFX_Hanna]

[OctaFX_Hanna]

CHRISTMAS AND NEW YEAR HOLIDAYS SCHEDULE CHANGE

Dear clients!

OctaFX Technical Department would like to inform you that due to the coming Christmas and New Year holidays we have altered the trading schedule for several trading instruments.

Here are the schedule changes:

XAG/USD, XAU/USD, XPT/USD, XPD/USD, XBR/USD, XTI/USD: trading is closed December 26 and January 2.
XBR/USD: trading closes early December 23 and December 30 (at 19:30 EET, server time).
AUS200: trading is closed December 23, 26, 27, 30 and January 2.
JPN225, US30, NAS100, SPX500: trading is closed December 26 and January 2.
EUSTX50, FRA40, GER30, ESP35: trading is closed December 26.
UK100: December 23 and 30 trading is open from 09:00 till 14:30 EET (server time). Trading is closed December 26, 27 and January 2.
Please note that there are no changes in currency pairs trading schedule.

Thank you for choosing OctaFX as your top-notch Forex Broker!

[OctaFX_Hanna]

Stay updated with

OctaFX and the latest Forex news!

EUR/USD spikes to 3-day high ahead of US economic releases

The EUR/USD pair's has gained further traction in the past hour, assisting the pair to accelerate through 1.0450-55 resistance area.

Currently trading at three-day peak, around 1.0470 region, the pair was seen building on Wednesday's tepid recovery gains as the US Dollar extended its profit taking slide from 14-year highs. Meanwhile, looking at the pair's sharp up-tick of around 25-pips in the past hour, the pair seems to have taken out some stops and hence, it would be interesting to see if the up-move is sustainable or is just a stop-run.

Next in focus would be US economic docket, featuring the release of final GDP print, durable goods orders, weekly jobless claims, personal income / spending data and the Fed's preferred inflation gauge - core PCE price index.

Technical levels to watch

A follow through buying interest has the potential to lift the pair towards 1.0500 psychological mark above which the recovery could get extended towards 1.0530-35 resistance area. On the flip side, 1.0450 level now seems to protect immediate downside below which the pair is likely to drift back towards 1.0400 round figure mark.

[OctaFX_Hanna]

OCTAFX CHAMPION DEMO CONTEST ROUND 58: THREE MAIN SUCCESS FACTORS

We are ready to announce the happy winners of OctaFX Champion demo contest Round 58! The prize fund of 1000 USD was shared by four traders, and this time they were:

1st place with the award of 500 USD goes to Mr. Karsono Muslamat from Indonesia

2nd place with the award of 300 USD goes to Mr. Said Yacouti from Morocco
3rd place with the award of 100 USD goes to Mr. Muhlish Tri Hidayat from Indonesia
The last runner in the contest, Mr. Eka Birawan from Indonesia is granted 100 USD

Do you want to learn the main success factors in trading? Here is what our winners told us:

1ST PLACE: MR. KARSONO MUSLAMAT FROM INDONESIA

I am very happy and proud that I have won this contest, this victory is like an award for me.
This contest didn’t really consume all of my daily time, I traded only at certain hours that I considered crucial for trading. I am always open to the opportunities to participate in a real contest, and with this victory it might be a turning point for me to become a successful trader in this field. The key to my success is my discipline and my faith in the trading techniques I use. My strategy is to avoid hasty decisions and to wait for the right time to open a position. The loss I experienced was trivial and I didn’t have any significant profits, but every time I opened a position, I always gained some small profits that helped me to eventually win. I am a self-taught trader, I didn’t get a special education and it took me long enough to learn. After a few failures that I experienced these 2 years, I can humbly say that I am a good trader.

2ND PLACE: MR. SAID YACOUTI FROM MOROCCO

Wow, I feel so good to get at least the second place! I’d been watching the competition closely for a month and then I thought it was a good moment to try it too. And yes, I want to participate in the upcoming rounds as well. I guess the key factor to my success was a close intermediate term analysis during the whole contest. My strategy is described by a simple phrase: buy at low prices and sell at high prices. Isn’t it really simple and perfect? I also got a valuable lesson from this contest: I suffered more losses when I was using a long-time strategy. I’m not sure how long it takes to become a good trader, because I’m still learning. But I think we can become good traders if we control ourselves and try to be as patient as we can.

3RD PLACE: MR. MUHLISH TRI HIDAYAT FROM INDONESIA

Thank God! I’m very happy, I was not expecting it after nearly three years of participating in the demo contest, but I finally became one of the winners! In terms of trading time, I only traded between 5 and 7 am local time. After that I turned off my phone to start my daily routines. Sometimes I also traded in the evening after I came home from work. God’s will, I will participate in the contest again. In my opinion, there are three success factors in trading: 1.mastering the techniques; 2. controlling the emotions; 3. patience. I only used one technique during the contest and I’ve been using it for about 10 months. I use Fibonacci to be exact. I've been trading Forex for 3 years and so far my capital return is around 30%. So far, I’m not the best yet, but I’m trying to be the best.

Join the winners in OctaFX Champion demo contest Round 60! Just open a new account and start trading!

Become one of OctaFX Champions!

[OctaFX_Hanna]

EUR/USD STAYS NEUTRAL BELOW 1.0840 – UOB

In view of FX Strategists at UOB Group, the pair’s outlook remains on the neutral side while below 1.0840.

Key Quotes

“EUR hit a high of 1.0828 yesterday but eased off quickly”.

“As highlighted in recent updates, despite the generally positive undertone, EUR has to close above 1.0840 to indicate the start of a bullish phase”.

“This scenario is not ruled out just yet but the prospect for such a move has dimmed considerably”.

“On the downside, a clear break below 1.0730 would indicate that the positive undertone has eased and this pair is then likely to trade sideways within a broad range”.

[OctaFX_Hanna]

WHEN IS NON FARM PAYROLLS AND HOW WILL AFFECT THE MARKETS?

Non Farm Payrolls data is expected to be released at 13:30 GMT. Today, NFP release would be looked upon for clues over the timing of next Fed rate-hike action and would thus, help investors determine the next leg of directional move for the major.

Key Notes

EUR/USD drops to fresh lows near 1.0740, NFP eyed

EUR/USD continues to gravitate near the mid-point of 1.07 handle, pouring cold water on every attempt to the upside amid unnerved markets, as we progress towards the US NFP report release. Currently, the spot trades modestly flat at fresh session lows of 1.0742, retreating from session highs posted at 1.0766 last hour. The main currency pair moves back and forth in a 15-pips narrow, as market remain cautious and refrain from placing any directional bets on EUR/USD heading into the highly-influential US jobs report.

About NFP

The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank.

[OctaFX_Hanna]

OCTAFX: BEST FOREX BROKER EUROPE FOR THE SECOND YEAR IN A ROW!

Since we’ve been nominated for four prestigious titles in Forex Awards 2016, the traders have been voting and proved us to be the Best Forex Broker Europe for the second year in a row! Last year we’ve been recognized for our growing presence in the EU, and this year award makes a wonderful statement for OctaFX – more and more European clients use our excellent service. Nominating brokers for best broker in Europe, experts took into account operational history and reputation, which OctaFX improves every year. We would like to thank you for voting – it inspires the whole company to improve!

We would like to remind you that ForexAwards.com, a Forex-Reatings.com branch provides recognition of FX brokerage companies by thousands of customers. European forex market can be described as one of the best in terms of development and regulation and we are very glad to succsefully operate for the benefit of our European clients.

Stay tuned to know more about year 2016 awards and recognition – the season has just started!

[OctaFX_Hanna]

OCTAFX TRADING CONDITIONS PROVED TO BE THE BEST IN YEAR 2016!

In 2016 OctaFX offered a suite of new and enhanced trading conditions and these were recognised as industry leading by FX Report magazine, whose expert analysts evaluate financial institutions globally. OctaFX has also been awarded Best STP Forex broker 2016 by Forex Report magazine, a title we have been awarded for two consecutive years now.

Feedback from clients reflects high levels of appreciation and engagement with our new trading conditions and these have been rapidly acclaimed by industry experts. Forex Report Awards are designed to celebrate the best providers of customer service, industry innovators, and those at the forefront of one of the world’s most competitive markets - all areas in which OctaFX has been recently recognised as a market leader.

Take another look at our award-winning trading conditions:

To view our complete account offering click here.

“OctaFX continues to deliver the ultimate trading environment available in today’s market," commented an OctaFX spokesperson. "Our mission is to continuously improve and to meet the real-time, robust requirements that our traders demand so that they can fulfil their growth-income strategies. We are confident that traders won't be able to find a better online trading opportunity anywhere else.”

Open an account with OctaFX now and enjoy the best trading conditions on the market!