OctaFX_Farid

Wishing all Wish you have great fun and wonderful time with your friends and family in coming year!

OctaFX King of the Road Real Contest and OctaFX Champion Demo Contest! OctaFX King of the Road Contest Dear clients! We would like to invite you to take part in the unique and outstanding real account contest from OctaFX. Trade like a VIP and become a true king of the road with brand new Porsche Panamera. Deposit to your account today, register in the contest and let the luckiest trader win! Here are the amazing prizes we prepared for you: 1st- prizePorsche Panamera 2nd- prizeTrip to Nice for two 3rd- prizeMacbook Pro Laptop 4th- prizeThe new iPad 5th - 10th prizeThe new iPhone It's all about pips and winning. No matter how much you deposit, each profitable trade brings you contest points! More winning pips – more points. The contestant with the highest points is the winner! Check our How to Win page to learn more about points calculation and winning strategies. Join Contest Now OctaFX Champion Demo Contest Register in the contest, trade your demo account like a champion, win and get amazing prizes! Any possible trading techniques are welcome, whether EAs, scalping, hedging, or whatever you want to use! Be a winner and a total prize fund of 1,000 USD monthly may be yours! Contest prizes 1st- prize gets $500 2nd- prize gets $300 3rd- prize gets $100 Last- prize gets $100 Take Part Now!Wishing you luck and profitable trading, yours truly, OctaFX! Start your successful trading with OctaFX today

OctaFX.Com -Forex Analysis: NZD/USD Classic Technical Report 12.27.2012 Prices moved lower as expected after putting in a Harami candlestick pattern below resistance at 0.8470, the February 29 high. Sellers pushed through support in the 0.8317-55 area and are now testing the bottom of a rising channel set from late July (0.8191). A break below that exposes 0.8052. The 0.8317-55 region is now acting as near-term resistance. Dec 27, 2012 OctaFX.Com News Updates

OctaFX.Com -European sentiment boosts S&P 500 U.S. stock futures are following Europe higher this morning as the Japanese yen weakens and investors bet that politicians in Washington will address the fiscal cliff. The S&P 500 is indicated to open higher by about one-quarter of a percent. France's CAC-40 is leading gains across the Atlantic with a gain of more than two-thirds of a percent, followed by London's FTSE-100. The bullish sentiment has increased in the last hour as the euro pushes higher. Japan's Nikkei was the top winner in Asia overnight, climbing almost 1 percent. There are still no clear signs that U.S. lawmakers will reach a deal with President Obama to avert tax increases and spending cuts at year-end. But the risk has been well known for months and investors appear increasingly comfortable that, even if the situation isn't fixed immediately, it will be addressed by early 2013 after the new Congress is seated. Worries about the fiscal cliff had caused the S&P 500 to pull back from multi-year highs between mid-October and mid-November. It's been rebounding since then and has been attempting to build support above its 50-day moving average in the last two weeks, which could be leading some chart watchers to expect further gains. In addition to the political news, the market has a full docket of economic data today. Weekly jobless claims will be released at 8:30 a.m. ET, followed by new home sales and consumer confidence at 10 a.m. ET. Foreign-exchange markets are painting a bullish picture this morning, while commodities are more negative. Currencies that tend to follow risk appetite--the euro, Australian dollar, and Canadian dollar--are all higher. The Japanese yen is also lower across the board, which tends to support equities because investors use it as a safe haven. Oil and copper, however, are modestly lower. Precious metals are down by almost half a percent, and most agricultural foodstuffs are posting small declines Dec 27, 2012 OctaFX.Com News Updates

OctaFX.Com -Gartman: Why I'm Selling Japanese Yen The Japanese government has given a "sell" signal for the yen, Dennis Gartman, editor of The Gartman Letter, said Wednesday on CNBC. On "Fast Money," Gartman said he was short of yen in US dollar, Canadian dollar, Australian dollar and New Zealand dollar terms. Over the past six or seven months, Gartman added, the trade is working out. "I think it's abundantly clear that this new administration has made it very clear it intends to force the Bank of Japan to supply Japanese yen in unlimited terms," he said. ""I can't remember ever having heard that before. (More From CNBC: Forget Stocks? Why Shilling's Backing Bonds) "You have to remember, a government has a hard time strengthening its currency. But governments can very easily weaken their currencies simply by printing them. And when the Japanese said they're going to print them in an unlimited fashion, you have to believe them." Gartman said that Japan was "going to take rates to negative numbers before it's done." A decline in domestic consumption for Japan meant that its options were limited. " "They're going to have to continue to export goods and services out of Japan, and the only way they can do it is by devaluing the yen," Gartman said. "What do I care whether they can or cannot create inflation as long as they are going to create more yen? This is the first time we've seen an authority in Japan use the term 'unlimited,'" he said. An alternate trade was to buy Japanese equities, Gartman said. "I think the NIkkei is on its way to 15,000 over the course of the next several years," he added. "If you don't like trading currencies, trade the Nikkei because that's going to be a corollary to the Japanese yen itself." Dec 27, 2012 OctaFX.Com News Updates

Visa/Mastercard deposits introduced at OctaFX!! Dear clients! In an effort to make your trading as easy and convenient as possible OctaFX introduces the most popular account deposit/withdrawal option, that is, deposit via Visa/Mastercard. The whole deposit process takes seconds now! OctaFX is proud to announce another convenient deposit option for our clients! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! Start your successful trading with OctaFX today

OctaFX.Com -Yen down as Japan gets a new government; U.S. shares gain NEW YORK/TOKYO (Reuters) - The yen fell to a 20-month low against the dollar on Wednesday after Japan swore in a new prime minister who has promised aggressive stimulus measures to rein in deflation, while U.S. stocks and oil rose in thin trading. The dollar rose to a 20-month high of 85.48 yen on trading platform EBS following the swearing-in of Shinzo Abe as premier. Traders eyed the dollar's 2011 high of 85.53 yen as the next target. Abe is calling for a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and weaken the yen. He is pressuring the Bank of Japan to adopt a 2 percent inflation target that would auger for a weaker currency, threatening changes at the central bank if his wishes are not met. The euro rose as high as 112.92 yen on EBS, a 16-month high, and was last at 112.68 yen, up 0.8 percent. The euro was at $1.3244 against the dollar, up 0.5 percent. "The election of Abe has had a galvanizing effect on the dollar/yen exchange rate and he has been able to accomplish more in two months of jawboning than the BoJ has... over the past several years," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. U.S. shares were slightly higher in post-Christmas trading with Congress likely to resume negotiations to avoid the "fiscal cliff," a series of $600 billion in spending cuts and tax hikes that would slow the U.S. economy sharply unless lawmakers take action. A U.S. official said on Tuesday that President Barack Obama may return to Washington from his Hawaiian holiday as early as Wednesday evening to resume talks. The odds are increasing that Congress will not come to an agreement before the end of the year, however, leaving a series of big decisions to early 2013, when tax rates are scheduled to rise for most Americans. Economists warn that the world's largest economy could fall into recession. There is some concern that the impending tax hikes cut into holiday spending in the United States. Holiday-related sales were up 0.7 percent from October 28 through December 24, compared with a 2 percent increase in 2011, according to MasterCard Advisors SpendingPulse. Many markets remain closed following Christmas. European exchanges were largely shuttered, and Hong Kong and Australia were also closed. The Dow Jones industrial average (.DJI) was up 10.09 points, or 0.08 percent, at 13,149.17. The Standard & Poor's 500 Index (.SPX) was down 0.95 points, or 0.07 percent, at 1,425.71. The Nasdaq Composite Index (.IXIC) was down 3.05 points, or 0.10 percent, at 3,009.55. U.S. single-family home prices rose in October for the ninth month in a row. The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.7 percent in October on a seasonally adjusted basis, stronger than the 0.5 percent rise forecast by economists polled by Reuters. Ten-year U.S. Treasury notes rose 4/32 of a point in price to yield roughly 1.7598 percent. The U.S. bond market was closed on Tuesday for Christmas. (US/) Brent crude climbed above $110 per barrel on Wednesday, hitting a two-month high, with investors hoping for a last-minute deal to avoid a U.S. fiscal crisis. U.S. crude futures gained $2.39, or 2.8 percent, to $91. (O/R) YEN WEAKENS The weaker yen has bolstered hopes for better earnings from Japanese companies and underpinned the Nikkei, which has gained some 18 percent since mid-November, when the election was scheduled. The yen has lost nearly 8 percent against the dollar in the same period. The Nikkei (.N225) closed at a nine-month high with a 1.5 percent gain on Wednesday. (.T) Minutes of the BOJ's policy-setting meeting in November, released on Wednesday, showed that some board members said the central bank must act decisively, without ruling out any policy options, if the outlook for the economy and prices worsens further. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was little changed. Shanghai shares (.SSEC) were flat, but stayed in positive territory on the year after a 2.5 percent jump on Tuesday erased 2012 losses. It is set for a first annual gain in three years. Dec 26, 2012 OctaFX.Com News Updates

A newer faster server in Asia! Dear traders! OctaFX is all about making your trading convenient! We are expanding our services geography and range all the time. Due to rapidly growing demand we are announcing the new faster server for our clients in Asia-Pacific Region. Since the server is located in Malaysia, it means faster connection, even faster execution and great forex trading experience! Try it today! Please note that you don’t have to change anything in your MT4 software setup. Your MT4 will automatically connect to the fastest server in your area. OctaFX would like to wish you fast profits on a fast server! Start your successful trading with OctaFX today

OctaFX.Com -Watch out current Financial Analysis of OctaFX Click Here Dec 25, 2012 OctaFX.Com News Updates

OctaFX Merry christmas and Happy holidays :) Dear Clients and Partners! The Octa Markets Inc. is glad to congratulate you with Christmas and New Year! May the forthcoming holidays bring you a lot of joy and positive emotions from conversation with your families, friends, and colleagues. We wish you a favorable trend and a lot of profitable deals throughout 2013! Happy holidays! Sincerely yours, Octa Markets Start your successful trading with OctaFX today

OctaFX.Com - Forex: Dollar Posts Biggest Rally in 7 Weeks, EURUSD Tips Revers Dollar Posts Biggest Rally in 7 Weeks, EUR/USD Tips Reversal Japanese Yen Still Heavily Oversold and Risk Sensitive Euro Risks More Prominent than Advance Lets On British Pound Finally Breaks Exhausted Drive with Biggest Dive in Four Months New Zealand Relieves Overbought Leverage Better Than Counterparts Canadian Dollar: Steady GDP and Easing CPI Good for Economy, Not Yields Gold Posts Biggest Weekly Drop in Six Months Despite Uncertainties Dollar Posts Biggest Rally in 7 Weeks, EUR/USD Tips Reversal Typically, the lead into the holiday liquidity drain presents a mild boost to risk-sensitive assets as volatility tapers off. And, naturally, the safe haven dollar suffers for the market tranquilizer. Yet, that wasn’t the scenario we were met with this past week. Though the last full week of trading before the holiday’s take a large swath of the western world offline through the remainder of the year, we saw a clear increase in speculative uncertainty and particularly strong risk aversion shift through this past Friday’s session. The afterhours shock US equity futures felt after the House of Representatives failed to pass the Speaker’s ‘Plan B’ bill rippled over to the FX market as the London and New York sessions came online. For the Dow Jones FXCM Dollar Index (ticker = USDollar), a 0.4 percent advance represented the biggest rally advance since November 2 and cleared the pressure from serious congestion – with a bearish bias – that had developed over the past month. What is particularly odd about the dollar’s performance to end the week was that the equities risk reaction preceded that of the dollar. Normally, it is the currency market that moves first, or they will move simultaneously. This delay suggests that it wasn’t just a late reaction to the bombastic Fiscal Cliff headline, rather we were also seeing the speculative unwind that normally precedes the liquidity drain ahead of holidays. Looking ahead to the rest of 2012, shallow market depth and lingering fundamental uncertainties will create a volatile backdrop that curbs meaningful trends. On the other hand, there is still pent up risk in pairs like EURUSD and yen crosses; while the Fiscal Cliff remains an active catalyst. Given the S&P 500 and EURUSD have only retraced around1 percent from highs following 7.7 and 5.1 percent rallies (respectively) from mid-November, there is likely a considerable level of exposure that can be unwound naturally or with the encouragement of uncertainty in the US fiscal health. Following the timeline for the Congress-White House negotiations, the House of Representatives (a critical leg to the proceedings) isn’t scheduled to reconvene until the afternoon December 27. That leaves only two full business days to strike a deal before the turn of the year and the automatic tax hikes and spending cuts take effect. Even if it is still more likely that a resolution is found, the last minute antics will act to unnerve speculators that are attempting to remain in the market. Japanese Yen Still Heavily Oversold and Risk Sensitive The Japanese may have gained ground against all of its major counterparts this past Friday (from 0.2 percent against the dollar to 1.5 percent versus its New Zealand currency), but this barely a minor percentage of the currency’s massive depreciation over the past weeks and months. Over the past month, the yen has plunged between 5.0 and 8.7 percent while over the past five months it has collapsed between 7.8 and 16.9 percent. Over the long-term, the funding currency is absolutely overbought and likely to systemic declines at the hands of a stimulus-minded, LDP-led government. Yet, there is a threat of risk aversion (which kills carry exposure) and the overbought bearing of the currency exposes it even in calm conditions. For the yen crosses to continue their incredible climb (yen depreciates), we would need a strong risk appetite advance or definable progress on Japanese stimulus efforts. Both are low probability and thereby not my primary bias. Euro Risks More Prominent than Advance Lets On After the kiwi dollar’s retracement this past week, the euro easily takes the spot as the market’s most overbought currency. Over the past two weeks, over the past two weeks alone, it has advanced between 1.2 and 4.0 percent against its major counterparts (with the exception of EURCHF). This most recent leg of strength has come on the back of the long-awaited progress on the Greek rescue payment – first the bond buyback program and then officially receiving its tranche of aid. This certainly removes an imminent risk from the immediate path of the euro, but how much of this outcome was already priced in? How long can a rally based purely on ‘relief’ last? That likely depends on underlying risk trends over the next week. And, beyond that, we will return to Spain’s financial troubles, Italy’s election and Portugal’s demands for equal treatment. British Pound Finally Breaks Exhausted Drive with Biggest Dive in Four Months Considering GBPUSD and GBPJPY extended their impressive advances to top 15 and 20-month highs respectively, there were certainly an air of extreme positioning for both. A general buoyancy through risk trends no doubt contributed to this move, but that lift has stabilized. What’s left is a sterling that has few selling points of its own for distinct fundamental strength. The cable’s impressive 0.7 percent (107 pip) drop Friday was the biggest in four months and is a good representation of what over-extended markets are prone to do in thin conditions. New Zealand Relieves Overbought Leverage Better Than Counterparts There was certainly a risk aversion shift late this past week, but little pressure was relieved from most extreme assets. The exception, however, was the New Zealand dollar. Over the past week, the kiwi has tumbled between 1.2 and 3 percent to significantly ease the sensation of extreme positioning. What does this mean for the week ahead? If there isn’t an active risk deleveraging move in market, the kiwi won’t naturally ease. Canadian Dollar: Steady GDP and Easing CPI Good for Economy, Not Yields While most traders were focusing on the general bearing and pace of risk trends Friday in the wake of the Fiscal Cliff headlines, the Canadian dollar had more than its fair share of tangible fundamental leverage. October GDP figures offered a tepid pace of growth to add to its elite status while a three-year low from the headline CPI takes a dangerous jab at its unique, hawkish interest rate outlook. Gold Posts Biggest Weekly Drop in Six Months Despite Uncertainties Gold has dropped 2.3 percent – the biggest tumble for the metal since the period ending June 22. This aggressive slide is remarkable for its momentum against a rather steady dollar (its primary foil), the push below the 200-day moving average and the distance it has claimed since rejecting $1800. It seems few investors want to hold a potentially volatile and illiquid commodity if a Fiscal Cliff deal is done. Dec 22, 2012 OctaFX.Com News Updates

New Year and Xmas holidays schedule!! Dear clients! Please find our holidays schedule. It is very important to know the trading schedule for the upcoming Christmas and New Year holidays! Start your successful trading with OctaFX today

OctaFX.com-OctaFX Champion Demo Contest Current update! In few hours competition going to end and currently our top contestant KianSantang from Indonesia has leading with Balance/Equity$38 473.48. Contests schedule Current round (GMT+2) Registration: Oct 29, 2012 00:00 - Nov 26, 2012 00:00 Duration: Nov 26, 2012 00:00 - Dec 22, 2012 00:00 Next round (GMT+2) Registration: Nov 26, 2012 00:00 - Jan 7, 2013 00:00 Duration: Jan 7, 2013 00:00 - Feb 2, 2013 00:00 As usual, good luck everyone and let the strongest win! View round standings

OctaFX.Com -Forex Analysis. Dollar, Yen Aim Higher as Fiscal Cliff Fears Escalate Talking Points Dollar, Yen Aim Higher on Haven Flows on Swelling “Fiscal Cliff” Fears Pre-Holiday Liquidity Drain, “Quadruple Witching” May Boost Volatility Supportive US Economic Data to be Overshadowed by Budget Deal Woes Risk sentiment appears to be crumbling as expected amid a lack of progress in US “fiscal cliff” negotiations. Divergent headlines pulled markets in opposing directions throughout the week but confidence began to crumble in earnest as plans to vote on the so-called “Plan B” – a unilateral Republican initiative aimed at raising taxes on millionaires – failed to secure enough support to warrant a vote. S&P 500 index futures are pointing sharply lower in late Asian trade, down nearly 1.6 percent having spiked down over 3 percent as the “Plan B” failure crossed the wires. This makes for an ominous sentiment signal as markets head into the final hours of the trading week, hinting a sharp pick-up in risk aversion is brewing. Volatility may also prove unusually intense as liquidity dries up ahead of the Christmas holiday. “Quadruple witching” – the simultaneous expiry of stock index futures, stock index options, stock options and single stock futures – may complicate market conditions further. Continued risk aversion is likely to boost the US Dollar and Japanese Yen against their major counterparts. The final revision of third-quarter UK GDP figures headlines the economic calendar in European hours, with forecasts. Later in the day, the spotlight shifts to a busy US docket. November’s Personal Income and Spending figures as well as the Durable Goods Orders report are all due to cross the wires, with narrow improvements expected on all fronts. A revision of Decembers University of Michigan Consumer Confidence figure is also on tap. Here too, forecasters are pencilling in a slight upgrade. Cheerful economic news can hardly be expected to meaningfully underpin sentiment however absent a breakthrough on the “fiscal cliff” side of the equation. Dec 21, 2012 OctaFX.Com News Updates

OctaFX.Com -Forex Analysis. Dollar Traders Watch EUR/USD, AUD/USD After Overnight Risk Plunge Dollar Traders Watch EUR/USD, AUD/USD After Overnight Risk Plunge We were reminded this morning that these are not the kind of market and fundamental trading conditions that you can simply leave a risk-sensitive position unattended in. Through much of the active trading hours Thursday, speculative trends were tame and the safe haven dollar was left to drift in its ever-tightening range. With speculative participation already near 15-year lows (measured through S&P 500 futures open interest) and the FX Volatility Index dragging along at 5-year lows, there is the natural inclination to simply return to the sidelines while some even let their riskier positions collect yield. However, a lack of liquidity, markets dangling at extremes after an aggressive rally the past four weeks, and a serious unresolved risk in the US Fiscal Cliff does not make for a safe / passive trading environment. After the rather slow trading through Thursday’s session, volatility ripped through the markets during the morning hours of the Asian trading session – normally the quietest period for systemic activity. The catalyst was the market’s last, major threat through the end of the year: the countdown to the automatic US budget adjustments. Yesterday, after the White House and Republican Congressional leaders broke without any reported progress on the ongoing negotiations; Speaker Boehner said that a Plan B bill would be put through the House of Representatives. Both the Senate Majority Leader and President both said the proposed back up plan would never receive approval through their respective phases, so market-based Fiscal Cliff watchers should have already discounted the effort’s market influence. And yet, when news that there wasn’t enough support in the House to pass the bill hit the wires before 8 PM EST, the markets started to convulse. The most dramatic effect came through the S&P 500 futures which collapsed nearly 50 points in minutes. The failure of an effort that wouldn’t be taken seriously wasn’t likely what the markets were responding to, rather it was the suggestion that the House was in recess until after Christmas. If this critical branch of government is offline until next Wednesday, there is only four full days (fewer for reasonable negotiations) to push through a deal that averts automatic tax hikes and spending cuts that the Congressional Budget Office forecasts will pitch the US economy into recession in 2013. A deal can still be done, but the probabilities that it won’t are clearly starting to rise. The return of tail risk certainly exposes positions that are deemed ‘risky’. And yet, when we look at the risk sensitive majors (EURUSD, AUDUSD, GBPUSD) and incredibly overbought yen crosses (EURJPY, AUDJPY, NZDJPY), the reaction was tepid. A difference in market depth and speculative concentration no doubt has a lot to do with this. Now we watch to see whether a ‘flash’ reaction will have deeper implications for risk that leverage an 11th hour dollar rally. It is important to remember: next week will be largely drained of participation, but we also have the Quadruple Witching Friday expiration Friday. Euro Takes a Hit Through Risk Channels Overnight Over the past few weeks, there has been something of a collective sigh of relief amongst Euro traders as sovereign yield spreads, banking crises and sovereign aid payments have all found progress. This has certainly generated a serious push of support for the shared currency as it has risen against everyone of its counterparts over the past month. Yet, a relief rally is a passive move. An active catalyst can easily take the reins. The jump in the Spanish and Greek deficit along with the three-and-a-half year low in EZ consumer confidence stir a little concern, but outright risk aversion the tide that sinks all ships. In early Friday trade, the Euro is down against all but the New Zealand dollar. Australian and New Zealand Dollars Dive on US Fiscal Cliff Fears There are those that believe currency’s that bear a higher yield are in fact ‘safer’ than their counterparts because they produce return that offsets possible capital losses (a decline in the currency). However, when risk aversion kicks in, the need is to ‘free up’ capital to either cover losing trades or hold cash. We felt a little bit of that headwind this morning when the Fiscal Cliff headlines drove equity futures lower. The threat of a broader unwind of speculative positions before the general liquidity drain of next week can exacerbate already richly priced currencies. Japanese Yen Nudged Higher but Full Reversal Not Yet Confirmed After a consistent drive higher, the yen crosses have essentially leveled off the past two trading days. And, finally this morning, it seems like there may be the start of an effort to unwind late-in-the game speculative positions (not to mention a sudden demand for safety. The yen is up across the board this morning (from 0.6 to 1.0 percent) on the US fiscal fears, but we are not yet seeing a full blown freefall. British Pound: Short-Term GBPUSD Fear Reading at Record Low Generally, activity levels across the capital markets have receded over the past weeks, months and even years. That is why we find the FX Volatility Index at its five year low and the trend in S&P 500 volume dropping to multi-year lows itself. However, there are some that are even more inert than others. And, for the short-term risk measure of GBPUSD (one-week implied volatility); we find an incredible extreme – a record low below 4 percent. The pair is certainly more fundamentally stable than most, but such a lack of concern is worrisome. Canadian Dollar Faces Risk Winds Heading into Heavy Data Is the Canadian dollar the perfect blend of safe haven and investment appeal? With the IMF’s reserve status contemplation still lingering in the air, we found a surprise jump in domestic economic strength from Canada in the form of the biggest jump in retail sales since October 2011. A tame performance in the risk-off overnight will lead us into possible beta volatility and GDP, CPI data tomorrow. Gold Breaks Mid-Point of Year’s Range, Ignores Stalled Plan B News With the Fiscal Cliff activity through the overnight, gold’s tumble might make sense. Yet, the dollar hasn’t really taken off, a Fiscal Cliff would theoretically boost the metals value (through possibility of US downgrade) and the commodity actually made its drop before the drop. Yet, break the mid-point of the year’s range and 200-day moving average it did. The five-day slide is the biggest since July 10, 2011. Dec 21, 2012 OctaFX.Com News Updates

OctaFX.Com -Forex Analysis: NZD/USD Classic Technical Report 12.20.2012 Prices are moving lower as expected after putting in a Harami candlestick pattern below resistance at 0.8470, the February 29 high. Near-term support is in the 0.8317-55 area, with a drop below that exposing the rising channel support at 0.8175.Alternatively, a reversal above resistance targets the channel top at 0.8558. Dec 20, 2012 OctaFX.Com News Updates

OctaFX.Com -Forex Analysis: US Dollar Classic Technical Report 12.20.2012 Prices staged a mild recovery from neckline support established from late October (now at 9927) to retest trend line support-turned-resistance at 9956. A break above that aims for the 23.6% Fibonacci expansion at 9995. Alternatively, a drop below neckline support eyes the channel bottom at 9866. Dec 20, 2012 OctaFX.Com News Updates

Became OctaFX fan at Facebook Please spend few seconds to became OctaFX fan at facebook :) Register in the contest, trade your demo account like a champion, win and get amazing prizes!

OctaFX.Com - Forex News: Risk Appetite Sends Euro and Sterling to New Highs A risk-on attitude seems to have grasped the markets over the past 24-hours and the influence can be clearly seen in currency trading, as the risk-correlated Euro and sterling set new highs. Signs of risk appetite could be seen in equity trading, as the S&P climbed 1.15% in yesterday’s trading, and today European equities are showing decisive gains across the board. The Euro set new 7-month highs in today’s European session, most of the gains came shortly after the better than expected IFO German business sentiment survey. However, the reaction was delayed and may have been more of a reaction to general risk appetites. The rise in Euro happened at the same time a sudden rise in Greek bond prices led to what has so far been a 64 basis point drop in today’s trading. The rise in Greek bond prices follows the overnight S&P upgrade to Greek bond ratings. Greece’s sovereignty rating is now at B- with a stable outlook, up from a selective default rating. The British Pound set a new 3-month high against the US Dollar in today’s session following the release of the BoE minutes, which said that the vote to not raise asset purchases was 8-1. The yearly GBPUSD high currently sits at 1.63009. Also in today’s session, ECB’s Praet told the publication Le Firago that the threat of exits from the Euro has vanished. He also said that France needs to reform before the market attacks, as public spending is still too high. Outside of Europe, Japan PM Elect Abe said that monetary policy is not enough to beat deflation or correct a strong Yen. In New Zealand, Finance Minister English said that the country doesn’t have the tools to move its currency to a certain level. The New Zealand gross domestic product is set to be released later today. EURUSD is currently trading around 1.3270, and the pair could find resistance at a previous high of 1.3284. Support could be provided by a previous resistance around 1.3154. EURUSD Daily: December 19, 2012 Dec 19, 2012 OctaFX.Com News Updates

Rebate calculator – another convenient tool for IBs from OctaFX! Dear traders and partners! OctaFX is proud to present our newest development for all the IBs – rebate calculator. As you most certainly know, OctaFX is all about top-notch technologies and extensive new features development. This said, we have released another great tool for our partners and IBs. A lot of IBs out there provide rebates to their clients. Rebate calculator allows viewing all the client trading stats and, most importantly, it calculates rebate amount instantly. Whether the same rebate rate for everyone, or a specific client rebate – you can easily set it up, view and pay your rebates at 1 click! This is a convenient rebate calculator for you. You can select a trading period, then view the amount of agent commission generated by EACH of your active referrals. And then you can setup a desired rebate rate and the calculator will show you how much exactly is payable to each client. To access your rebate calculator, login to your Personal Area and follow right-hand menu My IB -> Rebate calculator. Or just click here! Please feel free to open a new welcome bonus account on the bonus page. We would like to thank you for trading with OctaFX and being our client. Start your successful trading with OctaFX today

OctaFX.Com -Forex Analysis: EUR/USD Classic Technical Report 12.18.2012 Prices broke above resistance at the top of a falling channel set from mid-September, a barrier reinforced by the 38.2% Fibonacci expansion at 1.3090. The pair is now testing the September 14 high at 1.3168, with a break above that aiming for the 50% level at 1.3222. A Spinning Top candlestick coupled with negative RSI divergence of a pullback ahead however. The 1.3090 has been recast as support, with a push below that exposing the 23.6% Fib at 1.2924. Dec 18, 2012 OctaFX.Com News Updates

Current update of OctaFX King of the Road Contest! Dear traders! Currently in the contest dewan from Jordan leading with 147.0 Points. King of the Road is an ultimate real contest where your win depends on your trading skills and profits! This is not a lucky draw, no strings attached. But a real account contest where the strongest will drive a fancy Porsche car. Register today for our outstanding King of the Road Real Account contest and join the battle for the coolest prizes in history! Those are: It's all about pips and winning. No matter how much you deposit, each profitable trade brings you contest points! More winning pips – more points. The contestant with the highest points is the winner! Check our How to win page to learn more about points calculation and winning strategies. Contest rules and regulations As usual, good luck everyone and let the strongest win! Trade smartly, grow your account and gain your pips – that will bring you to the victory! Join the Contest NOW!

OctaFX wishing Happy weekend to all :) Octa Markets Incorporated is a worldwide recognized forex broker. OctaFX provides forex brokerage services to its clients in over 100 countries of the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. OctaFX sets the highest service level standards and maintains them as well as constantly develops new services and promotions.

OctaFX.Com - Forex: British Pound to Steady Amid Mixed CPI, BoE Minutes Fundamental Forecast for British Pound: Neutral - British Pound Sees Risk Reversal Near High - British Pound Outlook Supported by BoE Policy - USD Maintains Broader Trend Despite Fed Easing – GBP Eyes 1.6200 The British Pound had a decent week, finishing -0.98% lower against the top Euro, while climbing nearly as high against the US Dollar by +0.83%, as data was mixed overall, providing neither a cause for rally or relief by the world’s oldest currency. Data was thin overall, with the November labor market readings representing the only significant event risk to the Sterling this week. Fortunately for the Sterling, the data came in mostly better than expected, with Jobless Claims dropping by -3.0K versus +7.0K expected, although Weekly Earnings disappointed suggesting that consumption could drop in the future. But our main attention is drawn to a future Bank of England governor, which when combined with the near-term fundamental backdrop necessarily suggests a “neutral” rating for the British Pound for the coming five days. Primarily, the overarching theme that the British Pound will face in the weeks and months ahead will be a dismal growth picture marked by both high inflation and high unemployment, while inflation is expected to “overshoot” BoE targets over the coming years. Overall, this maintains our view that stagnation has set itself upon the UK economy; a symptom hard to rid one’s economy of, unless both fiscal policy and monetary policy makers move in lockstep. The stage has been set by Chancellor of the Exchequer George Osborne: the UK will remain on the austerity path for at least another year. Accordingly, the big news this week, or rather, big news for those reading between the lines of central bankers’ speeches, was that incoming BoE Governor and current Bank of Canada Governor Mark Carney suggested that a nominal GDP targeted stimulus package would be appropriate for those central banks whose policies are operating at the zero bound of interest rates. Or, that if a central bank had already cut its key rates towards 0.00%, it could pursue a policy that would promise additional stimulus until a predetermined level of growth is reached; for example, the BoE could pledge an Asset Purchase Program expansion of £10B/month until annualized GDP hit +3.0%. Considering that the UK economy isn’t likely to see a growth figure above +2.0% annualized until late-2014 at the earliest, a nominal GDP target could be a heavy albatross around the British Pound’s neck if adopted when Governor Carney takes over in July 2013. For now, as this is priced in over the coming months, we expect it to slowly erode yields and thus undermine the Sterling. But for this week, considering that holiday trading conditions are around the corner, we doubt that it will pose much of a significant threat; rather, it will be a growing conversation piece. Data this week isn’t enchanting itself, with the November Consumer Price Index report on Tuesday and the BoE Minutes on Wednesday.Also due are the November Retail Sales on Thursday and the final 3Q’12 GDP reading on Friday. Of the expected data, the November CPI might be the least informative print of the year, with a huge disparity between the monthly and yearly readings. The BoE Minutes should underscore the notion that the BoE is willing to do more QE, but has chosen to remain on the sidelines for now. At the end of the week, the November Retail Sales offer a strong opportunity to see some upside in the Sterling, given the forecasts for a solid beat, while the final 3Q’12 GDP figure holding steady shouldn’t stoke much volatility. In sum, we are neither impressed nor disappointed with what the economic docket offers for the British Pound this week, leaving our bias at neutral, while expecting another middle of the road performance. Dec 15, 2012 OctaFX.Com News Updates

OctaFX.Com - Forex: EUR/USD Just Below 1.3200 Without Major Threats…Or Catalysts EUR/USD Just Below 1.3200 Without Major Threats…Or Catalysts Fundamental Forecast for the Euro: Bearish European Union approves Greece’s next round of aid after bond buyback program Portugal asks for ‘equal treatment’ for bailout terms EURUSD’s reversals is showing greater technical strength The euro’s strength was robust and broadly distributed this past week. A combination of general (though modest) improvement in economic data, the loose adoption of an EU bank supervisor and the long-awaited approval for Greece’s aid distribution generated enough optimism to lift the currency against all of its counterparts. It’s performance ranged between the barely changed EURCHF (laden by regional capital flows) and the impressive 3.0 percent surge from EURJPY (helped out by an exceptionally weak yen). Helped along by a positive bearing on global investor sentiment, the Euro has leverage fundamentals to remarkable effect. Yet after the aggressive rally to multi-month and multi-year highs, we find that the burden for follow through has risen substantially – just we’ve run out of big-ticket catalysts. It has taken a tremendous amount of lift to drive the euro to the heights that it scaled last week. Most prominent is the EURUSD which has risen to test the highs set in March along with the 38.2 percent Fibonacci retracement of its 2011-to-2012 bear trend at 1.3150. While the benchmark pair has officially marked its highest intraday level and daily close in over seven months, it hasn’t fully cleared the next stage to extend its bull run into a systemic trend. This technical view is a fitting reflection of the fundamental and market conditions that the FX market faces moving forward. To assess our next move, we should first appreciate what it took to wrench the euro to the heights it currently finds itself at. There were a series of economic releases this past week that could at best be described as ‘better-than-expected’. The bulk of the currency’s move was founded on relief. The risk that Greece could either default or exit the Eurozone (or both) tapped into an elemental fear of over the inviolability of the economic collective and its currency. Slowly, however, that threat has abated. The shift began back in July after an EU Summit laid out programs to support struggling members. When the ECB announced a potentially unlimited safety net in its OMT program, the pressure on the euro further eased. This past week, the approval of Greece’s next round of aid was the next step. After an initial short-fall on the bond buyback program, the market saw that the country would meet the target necessary to trigger support as the week wore on. By Thursday, the EU announced an immediate dispersal of €34.3 billion and monthly payouts afterwards. Delivering aid to Greece removes the euro out of immediate peril, but it is interesting to note that the currency barely advanced after the news. The market had priced in this outcome well before hand as the alternative would have been politically unpalatable. Yet, now we have found the relief the market had priced in before hand and bought Greece a number of months of calm before another serious shock could show up. Risk has been removed. Shouldn’t the euro be wide open to rally now? Not necessarily. While Greece may no longer be an immediate threat, there really isn’t a convincing argument of strength to be made for bidding the euro. What we have seen from July was in essence a series of relief rallies spurred on by the anticipation of and reaction to stabilizing policy. And, we have run out of catalysts… In trader parlance, we have ‘reduced the tail risk’ – or as policy officials say, “there is no longer a crisis of confidence in the euro’. Yet, that isn’t a standalone reason to be bullish. Investors are not naïve enough to believe that this one approval will secure Greece or the Eurozone for good. What’s more, neglected concerns may start to come back to the forefront. Spain’s funding issues are national, regional and banking sector-wide; and there has been little genuine progress made beyond a fortunate easing of bond yields. An election in Italy highlights the country’s debt load. Ireland will release 3Q GDP next week to remind us of the underlying economic issues are. And, perhaps most concerning of all, Portugal has built up a call for ‘equal treatment’ – access to the ‘one-off’ same accommodation as Greece. Dec 15, 2012 OctaFX.Com News Updates