OctaFX_Farid

OctaFX.Com - Is Now the Time to Buy Australian Dollar? The Australian Dollar has fallen sharply off of its $1.0610 peak seen through August, but does the 400+ pip decline offer a buying opportunity? - Overnight economic data shows the Australian economy failed to accelerate, pointing to downside risks for the Australian Dollar itself. - Our weekly trading forecast shows Australian Dollar is at clear risk as futures positioning remains extremely one-sided - Australian Dollar may have topped amidst clear market complacency The DailyFX Argument for Australian Dollar Long Positions: - The Reserve Bank of Australia boosted the AUDUSD as it kept interest rates unchanged, giving hope that the Aussie currency would maintain its substantial interest rate advantage versus major counterparts. - Highly-correlated Gold and Silver prices have broken key technical resistance, offering AUD support. - Key Fibonacci support may offer an important AUD price floor at $1.0100 Conclusion: Substantial Australian Dollar declines offer an attractive price at which to get long, but traders should be careful of clear fundamental risks to the AUDUSD currency. Proprietary Speculative Sentiment Index data likewise shows that the vast majority of retail traders have gotten long the AUDUSD amidst one-sided price moves. There are currently 2.2 traders long Aussie Dollar for every one that is short—a level that has historically coincided with further AUDUSD weakness. Reward/risk on AUDUSD longs looks attractive, but we can’t advocate joining the retail trading crowd in getting long the fast-falling Australian Dollar. Sep 05, 2012 13:00 OctaFX.Com News Updates

OctaFX.Com -Greece Needs to Leave Euro: Economist Greece needs to leave the euro and reintroduce its own currency if it wants to get back on its feet and return to growth, Manfred Neumann, Professor of Economics at the Institute for Economic Policy at the University of Bonn told CNBC on Wednesday. The country's dominant tourism industry and exporters simply cannot recover by lowering prices and wages, he said. "It has to be done by devaluation and therefore they need their own currency," the professor of international economics who supervised German Bundesbank chief Jens Weidmann's 1997 doctoral thesis said. A decision on whether Greece will receive further aid from international creditors to cover its funding needs will be taken in October. The country needs to demonstrate it is committed to implementing a series of economic reforms. Other countries may also need to leave, Neumann said, adding that under a very negative scenario in which he does not believe, the entire southern region could have to leave the euro. "Now with respect to the other countries, I would say... if we are very negative... I'm an optimist, but if you [are] a pessimist, you would say possibly - over the next ten to fifteen years, the whole south has to leave," he said. Spain had not been governed well, both under its previous socialist government and under the current conservative government, he added. Its high level of unemployment - historically above many of its European peers and now at a staggering 24 percent - could have been tackled ten to fifteen years ago, according to Neumann. He expressed concern over the European Central Bank's response to the crisis in comments which showed his support for Weidmann, who clashed with the ECB's chief Mario Draghi over a new bond buying program. One newspaper report suggested last week that Weidmann was considering stepping down from the ECB board. The Bundesbank chief opposes the program, which is aimed at lowering borrowing costs for heavily-indebted countries facing high borrowing costs, such as Spain and Italy, arguing that the move amounts to a form of monetizing debt, which is illegal. Echoing this view, Neumann said: "The problem is a change in the whole trend of policy making because up till now, it was forbidden. It was a rule not to buy bonds." "The understanding when they started in 2010 was... well we have to buy some bonds simply to keep the market floating, to keep them flexible, but meanwhile, it's clear this is not the idea," he said. He believes the move now amounts to outright support for southern European governments and that it endangers the euro. He also saw no reason to support the idea of a banking license for the new permanent european bailout fund, the European Stability Mechanism or ESM, allowing it to tap funds from the ECB. "No, the ESM should not get a banking license because if the ESM gets this license, it would mean the ESM can borrow as much central bank money from the ECB as ESM wants to. And that would mean monetary policy would effectively [be] handed over from the ECB to ESM. That can't be," he said. Sep 05, 2012 11:00 OctaFX.Com News Updates

OctaFX.Com -Euro edges lower ahead of ECB meeting LONDON (Reuters) - The euro dipped against the dollar and European shares edged up on Wednesday with investors trading cautiously ahead of a European Central Bank meeting and a U.S. jobs report. Markets have been expecting ECB President Mario Draghi to unveil a bold plan to tackle to the euro zone's debt crisis at Thursday's meeting, but public disputes among policymakers over the extent of the measures have begun to sow doubts. Friday's jobs report will provide a reading on the health of the world's largest economy after other data pointed to a global slowdown in manufacturing. "We might not get all the details about the ECB bond buying plan tomorrow, but we know it's coming, so it's priced in. Now the question is: how bad is the situation in the U.S. economy? We'll get a better idea on Friday with the payrolls," David Thebault, head of quantitative sales trading, at Global Equities. The single currency was down 0.25 percent at $1.2530, off its Tuesday's high of $1.2629 but not far from Friday's high of $1.26378. The caution gripping investors ahead of the ECB meeting saw share markets across Europe open lower with the FTSE Eurofirst index (.FTEU3) of top European shares down 0.1 percent at 1080.30 points. Germany will sell 5 billion euros of new 10-year bonds with a record low coupon of 1.5 percent later in the session and the sale will give an indication of how concerned investors are about the outlook. German Bund futures were 10 ticks higher at 143.60 ahead of the sale. Signs of slower factory activity across the United States, Asia and Europe during August have heightened fears about health of the global economy, although this has raised hopes of central bank action to ease monetary policy. Those hopes kept oil prices near $114 a barrel and gold near a six month high at $1,691.64 an ounce. Sep 05, 2012 07:55 OctaFX.Com News Updates

Current update of King of the Road Real Contest from OctaFX! Currently our top list contestant belong from Bangladesh sadidigital with 170points. Many traders combating each other to get grand prize. OctaFx valuable members, since you know Octafx offering the best platform for trading as well running numourious contests so, by this clients can use their experience and skill and get big prizes from OctaFx. Join King of the Road Real contest today and win one of our outstanding prizes!OctaFX wishes you luck and let the strongest become a true King of the Road!

OctaFX.Com - Euro Looks to EU Chatter for ECB Clues, Dollar May Rise on ISM Data Talking Points EU Policymakers’ Comments in Focus Before ECB Rate Announcement Dollar May Rise if Stronger ISM Print Weighs Against Fed QE3 Outlook Australian Dollar Gains as RBA Signals No Hurry to Resume Rate Cuts A quiet economic data calendar in Europe will shift the spotlight to the speaking docket. European Commission President Jose Manuel Barroso is scheduled to speak in Brussels while EU President Herman Van Rompuy meets Germany Chancellor Angela Merkel and Italy’s Premier Mario Monti sits down with French President Francois Hollande. Traders will monitor regional leaders’ remarks for clues about the possibility that the ECB is preparing to unveil details of its highly anticipated bond-buying scheme at this week’s policy announcement. Signs of progress on this front may help to boost the Euro in the near term, although ultimately the ECB seems likely to disappoint this time around. The spotlight then turns to the ISM Manufacturing report, which is expected to show the US factory sector held up in August after activity contracted in the preceding two months. Markets are likely to interpret the result through the prism of Fed stimulus expectations after Ben Bernanke was seen as giving a nod to QE3 at the Jackson Hole Symposium last week. The Chairman didn’t give explicit guidance but laid out a case for the benefits of nonstandard policy and stressed the importance of achieving “further progress” on economic growth and job creation, adding that the Fed will provide additional help “as needed”. With that in mind, an upside surprise may weigh on risk appetite while boosting the US Dollar as hopes for accommodation fade, and vice versa. The Australian Dollar outperformed in overnight trade after the RBA opted to keep interest rates unchanged at 3.50 percent as expected. Governor Glenn Stevens reiterated familiar rhetoric in the statement accompanying the announcement, saying that “the stance of monetary policy remain appropriate” at below-average levels given a subdued international outlook despite growth tracking close to trend and inflation close to target. The remarks suggested the RBA remained in wait-and-see mode, with policymakers in no hurry to resume interest rate cuts. Sep 04, 2012 08:50 OctaFX.Com News Updates

OctaFX.Com - Australian Dollar Rallied as RBA Kept Rate Unchanged, Global Demand Slows THE TAKEWAY: RBA kept benchmark lending rate unchanged at 3.50% > RBA concerned over European and Chinese slowing > Australian Dollar rallies after selling off heavily since Aug 9 The Australian Dollar traded higher versus the U.S. Dollar as the Reserve Bank of Australia left their benchmark lending rate unchanged at 3.50% in August. Governor Stevens cited in his statement that “economic activity in Europe is contracting” and that “growth in China remained reasonably robust” through the year, however the “robust” growth appears to have weakened when compared to growth from prior years. Moreover, Stevens further states that “some commodity prices of importance to Australia have fallen sharply.” Falling commodity prices may perhaps be the single most important concern to the Aussie economy as it signals a key tell on the flagging European growth story. Australia exports iron ore to China and China then uses the ore to produce steel which is subsequently sold to Europe. The slowdown in Europe has resulted in decreased demand for Chinese steel which invariably leads to a commensurate drop-off in demand for Aussie resources. The process ultimately results in less wealth flowing into the Aussie economy. Stevens provides further support by stating “growth is being dampened by the more moderate Chinese expansion and the weakness in Europe.” The Australian Dollar likely rallied in relief to the larger selling pressure that has broadly taken place since August 9 where the pair lost 3.67 percent versus the greenback over the period. Sep 04, 2012 05:25 OctaFX.Com News Updates

OctaFX introduces local deposit option in Malaysia! Dear traders! In our effort to make your experience with OctaFX most perfect, our international team is now proud to offer local deposits in Malaysia. The most easy and convenient deposit option is now available! To get a detailed deposit guide please click here Please also don’t forget to take part in our official Carigold thread. On behalf of OctaFX we would like to wish you profitable trading and ultimate success!

Round 4 of OctaFX Champion Demo Contest grand awards!! Dear traders! Today we are proud to award OctaFX Champion Round 4 winners! The round results remained unpredictable literally till the last minute. And traditionally, we have interviewed those who won the competition and asked them to share their success stories for everyone to see and follow. Now, let’s allow our winners speak for themselves: 1st prize, 500 USD and congratulations to mr. Md Yousuf from Bangladesh Q: So what is the best forex strategy that you used to win? A: I do not use any strategy, because I used only my technical method. Q: What trading tools are most preferred by you? Majors or exotic, and why? A: My trading tools are most preferred is Majors pair. because Majors pair spread is 1-2, then I like it. 2nd prize, 300 USD and our huge respect to Mr. Tien Nguyen Trong from Vietnam Q: So what is the best forex strategy that you used to win? A: In fact, the process of trading Forex is quite simple and one can catch them in just a few seconds. However, the fact also proves that success depends on the trading decisions rather than practical skills operations orders. Moreover, according to many experts, 80% of success lies in the ability to understand human psychology, that is, the ability to control their own emotions, and apply that knowledge in the process of pursuing business strategy. Certainly knowledge of the financial and economic as well as understanding of the macroeconomic process will help businesses make the right decisions, but that is not the key to the success. In fact, the professor of economics usually do not have the advantage of a home business is not trained but the actual trading experience. Forex trading is practical activities rather than academic theory. Market is shaped by the rules and the repeated cyclical developments and a successful business will have to spend a lot of time to learn them. You will get practical experience after continuous process observed market response to changes in economic indicators, financial before rumors, forecast or volatility in the stock market and commodities. Q: What trading tools are most preferred by you? Majors or exotic, and why? A: I often quote famous quote by Albert Einstein: "Everything should be expressed as simply as possible, but not simpler permitted its own nature." Same rule can apply Forex market. Although trading tools and trading methods on the market are simple, sensible business still needs the ability and most importantly, experience. Experience is what not to buy, nor natural that as a gift, it can only be accumulated through practical activities in the market. All of us know that if possible it is better to learn from the experience of others (and the correct answer is so). But we need to understand and feel a certain event will evolve how they're really going. Q: Your impressions about OctaFX contests and other services (if you use them, of course)? A: OctaFX is an open contest. It gives a great opportunity to investors who are eager to assay their experience and knowledge in a competitive environment by providing investors the nearest investment psychology. This contest contest is also an unmissable occasion for newbie investors. They will improve their skill and experience in a competition environment without taking any risk. 3rd prize, 100 USD and give props to Mr. Khaledur Rahman Jewel from Bangladesh Q: So what is the best forex strategy that you used to win? A: I've some of the own forex strategy and always I follow that. Always I use Take Profit and Stop Loss. Never I break my strategy. Q: What trading tools are most preferred by you? Majors or exotic, and why? A: I use Moving Average, MCAD, Auto Pivot, pipscut etc. I think some of the internal tools of MT4 is enough of successful treading. Q: Your impressions about OctaFX contests and other services (if you use them, of course)? A: I've used some of the trading platform before. I'm impressed to use the OctaFX, and now I think OctaFX is the best. Also I think always I'll use OctaFX. Finally the last, but not the least prize winner, Mr. Shoukri Aljarjawi from Oman On behalf of OctaFX we would like to thank each contestant for taking part in OctaFX demo contests! And we promiss to continue the tradition of the amazing OctaFX Champion Demo Contest! Don't miss your chance to become a winner!

Current update of King of the Road Real Contest from OctaFX! Dear, OctaFx valuable members, since you know Octafx offering the best platform for trading as well running numourious contests so, by this clients can use their experience and skill and get big prizes from OctaFx. Join King of the Road Real contest today and win one of our outstanding prizes!OctaFX wishes you luck and let the strongest become a true King of the Road!

OctaFx - Wishing Happy Weekend

OctaFX Champion Demo Contest! Dear traders! 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 the total prize fund of 1000 USD monthly can become yours! 1st prize gets 500 USD 2st prize gets 300 USD 3st prize gets 100 USD The last place gets another 100 USD Contests schedule Next round (GMT+2) Registration: Jul 30, 2012 00:00 - Sep 03, 2012 02:00 Duration: Sep 03, 2012 02:00 - Sep 28, 2012 02:00 Contest rules and regulationsOctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX! Best regards, OctaFX Toll free phones: China: 4001200970 Indonesia: 0018030152039780 Malaysia: 1800815304 Tel.: +17844574224 Email: [email protected] Web: http://OctaFx.Com

OctaFX.Com -World stocks drop amid signs eurozone in recession Stocks slide amid signs eurozone is in recession but US economy not dire enough for stimulus PARIS (AP) -- World stock markets slid Thursday after a survey suggested the eurozone is in recession and as a modest pickup in the U.S. dashed hopes for more stimulus from the Federal Reserve. A successful bond sale in Italy — which eased concerns that the country's borrowing rates are spiraling out of control — wasn't enough to buoy markets, ]although the euro made modest gains. The currency shared by 17 countries rose 0.1 percent to $1.2547. In afternoon trading in Europe, Germany's DAX was down 0.8 percent to 6,952. The FTSE index of leading British shares, meanwhile, fell 0.2 percent to 5,733, and France's CAC-40 dropped 0.5 percent, to 3,3396. Trading has been light this week as investors anticipate Fed Chairman Ben Bernanke's speech Friday at an economic symposium that they hoped would indicate Washington is preparing more measures to jump-start the economy. But news that the American economy was picking up damped those expectations. On Wednesday, the Fed's "Beige Book" survey of economic sentiment was fairly positive and the country revised up its growth figures for the second quarter. The American economy seems to be in an inconvenient middle spot: not growing fast enough to drive down unemployment and spur a global rally, but likely not doing poorly enough to persuade the Fed to step in again. Ahead of the opening bell, stocks on Wall Street were trending downward. Dow futures were trading 0.2 percent lower at 13,054, while S&P 500 futures were down 0.3 percent to 1,403.50. Europe, on the other hand, is mired in bad news. August's Economic Sentiment index fell more than expected and suggested eurozone growth could retreat 2 percent this year. "The survey revealed falls in sentiment in the consumer, services and manufacturing sectors, confirming that the downturn is related to both domestic demand and exports," said Jennifer McKeown, senior European economist for Capital Economics. "And perhaps more worryingly, there is further evidence here of a sharp slowdown in Germany." Earlier in Asia, the benchmark Shanghai Composite Index dropped to another three-year low on Thursday, losing 0.03 percent to 2,052.58. Elsewhere, the Tokyo Stock Exchange's benchmark Nikkei fell 1 percent to 8,983.78 and South Korea's Kospi slipped 1.2 percent to 1,906.38. Hong Kong's Hang Seng Index also was down 1.2 percent to 19,545.93, while Australia's S&P/ASX 200 shed 0.9 percent to 4,315.70. Benchmarks in Singapore, Indonesia and Taiwan also fell. Aug 30, 2012 11:59 OctaFX.Com News Updates

OctaFX.Com -Merkel in control despite allies' Greek cacophony Merkel allies indulge in sharp rhetoric on Greece, but German chancellor's footing looks firm BERLIN (AP) -- Chancellor Angela Merkel wants the Greeks to keep the euro. Her vice chancellor says it wouldn't be so bad if they abandoned the common currency. Another ally says Greece should leave the euro club within months. Merkel's image abroad may be that of Europe's determined taskmaster, but at home the picture has long been less clear: Her coalition government has become notorious for infighting over a range of issues. At first glance, the cacophony over Greece fits that picture — but it shouldn't be mistaken for policy drift. The chancellor still appears in control of the delicate balancing act she has performed for two years: to help struggling countries that accept tough budget cuts and reforms while convincing Germans she is defending their interests — and wallets. This week, a prominent lawmaker from a party allied with Merkel made headlines when he declared that Greece should leave the eurozone in 2013 — flatly contradicting Merkel. His party backed down from such talk after she said in a television interview that politicians should "weigh their words." Her personal popularity and reassuringly level-headed image, along with the opposition's reluctance so far to pick a serious fight, still give her room for maneuver against domestic pressure and foreign governments anxious for Germany to bail out weaker European economies. Manfred Guellner, head of the Forsa polling agency, said that "people appreciate Merkel and in the end go along with her course" in hopes that the economic problems gripping much of Europe won't affect their lives. Merkel's government insisted on tough conditions in return for German, and European, support for eurozone strugglers such as Greece and the two other countries that have received bailouts, Ireland and Portugal. With borrowing costs for Italy and Spain worryingly high, more such aid is likely to lie ahead. Her diligence in demanding budget cuts and structural reforms as the price for German aid may be unpopular in Greece or Italy but it plays well among German voters. "I think Merkel, whatever she does, will get a majority because the (opposition) Social Democrats and Greens also have to be statesmanlike," he said. Merkel hasn't come close yet to losing any parliamentary vote on eurozone rescue measures. Although more than 20 coalition lawmakers voted in June against setting up a permanent European rescue fund, she had solid support in the 620-member parliament, with much of the opposition in favor. The three-year-old coalition of Merkel's conservative Christian Democratic Union, its Bavarian sister, the Christian Social Union, and the pro-market Free Democrats has squabbled endlessly and inconclusively over issues as diverse as tax cuts, privacy laws and highway tolls. The bickering extends to policy regarding the European debt crisis. But on Europe, there's a key difference in that the center-right alliance agrees on the broad outline: It's united by distaste for pooling Germany's debt with that of southern strugglers and of making open-ended commitments to help them with economically sound Germany's check book. The opposition — as well as many private economists — argues for pooling debt. Coalition lawmakers broadly agree that Greece shouldn't have more aid money on top of the two €240 billion ($300 billion) bailout packages of which Germany has been a key financier and that Athens shouldn't be given more time to meet its reform commitments. Bailing out Greece was never popular in Germany, and frustration with Athens is rising. Raising questions over Greece's future in the euro offers hopes of political gain to some in Germany's two junior coalition parties, which both face domestic political challenges, though Guellner cautioned that "no party in Germany has ever been able to score points with the euro and the issue of Europe." The Free Democrats won nearly 15 percent of the vote in Germany's 2009 election, but have slumped to around the 5 percent needed to win seats in Parliament — a contrast with the solid ratings of Merkel's CDU, which consistently leads polls. Their leader, Vice Chancellor Philipp Roesler, has struggled to turn around their fortunes. Roesler irked Merkel last fall by talking about the possibility of an "orderly insolvency" for Greece, ignoring heavy hints from the chancellor to drop the subject. This summer, he said a Greek exit from the euro had "lost its horror." Roesler didn't explicitly call for Greece to leave and Merkel let that pass without comment. She clearly wasn't amused, however, by a new broadside from the CSU that comes as it prepares for important local elections in Bavaria next year. Just a day after Merkel asserted, while standing next to Greece's prime minister, that she wants Greece to stay in the eurozone and that others in the coalition do as well, CSU general secretary Alexander Dobrindt was quoted as telling the mass-circulation Bild am Sonntag newspaper that "there is no way past a Greek exit from the Eurozone." He added: "I see Greece outside the Eurozone in 2013." Aug 30, 2012 06:47 OctaFX.Com News Updates

Merkel says "absolute political will" to stabilize euro BEIJING (Reuters) - The euro zone has an "absolute political will" to stabilize the single currency, German Chancellor Angela Merkel said on Thursday after talks with Chinese Premier Wen Jiabao in Beijing. On a trade row with China over imports of solar modules, Merkel said Germany was not planning a lawsuit against China and that both sides should try to solve the problems through talks. She added that the German government would seek to convince the EU of her approach. Aug 30, 2012 05:43 OctaFX.Com News Updates

OctaFX.Com - Feel free to ask Question We invite you to be part of OctaFx for your success future, OctaFx offering 30% each deposit bonus as well 8USd no deposit bonus, fast server no re-quoutes guaranty so, join right away to became successful trader. Feel free to ask any question about OctaFX. we are glad to serve you the right way. :) We are here to help 24/7 because its our pleasure to server you!

OctaFX.Com - Draghi: No going back to old euro ways ECB head says euro's original setup unworkable, but needed fixes are "within reach" FRANKFURT, Germany (AP) -- European Central Bank head Mario Draghi says the euro's original setup was unworkable and there's no going back — but argues that ways to fix the 17-country shared currency are within reach. European officials don't need to set up a complete political union but can repair the currency union through less drastic steps such as stricter central oversight of national spending and tougher scrutiny of banks. Draghi says in an opinion piece published in a German newspaper that the euro's original 1999 setup — one currency shared by countries that only loosely coordinate their economies — has been discredited by the debt crisis. Draghi says budget oversight is needed because "the consequences of misguided fiscal policies in a monetary union are too severe to remain self-policed." Aug 29, 2012 10:09 OctaFX.Com News Updates

Please update your trading terminal! Dear traders! Metatrader 4 Terminal versions below build 416 will not be supported. It is HIGHLY recommended to download and install the latest version of MT4 terminal. Metatrader 4 Trading Software Download Now!

Current update of King of the Road Real Contest from OctaFX! As you know, OctaFX is offering the best contest platform! You can see the whole contest stats, contestant battles and more on the contest page. Join King of the Road Real contest today and win one of our outstanding prizes! OctaFX wishes you luck and let the strongest become a true King of the Road!

Dollar Remains Higher Versus Yen Before Confidence Report The dollar remained higher following a two-day advance against the yen before U.S. reports that economists say will point to improvement in consumer sentiment and regional manufacturing. The greenback also maintained a gain versus the euro before Federal Reserve Chairman Ben S. Bernanke delivers a speech on Aug. 31 at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. Demand for the euro was limited ahead of German data forecast to show consumer sentiment will fall for the first time in three months. "The market may be open for disappointment" at Jackson Hole, said Derek Mumford, a director in Sydney at Rochford Capital, a currency risk-management company. "Assuming there won't be significant quantitative easing, then the U.S. dollar could have quite a strong performance in the next couple of months." The dollar traded at 78.77 as of 7:54 a.m. in Tokyo after rising 0.3 percent in the past two sessions to 78.74 yesterday. It was little changed at $1.2504 per euro after a 0.1 percent gain in New York. The common currency traded at 98.47 yen after losing 0.2 percent since Aug. 23 to 98.43. The Fed Bank of Richmond is forecast to say today that its factory index for the region advanced to minus 10 this month from minus 17 in July, according to the median estimate of economists surveyed by Bloomberg News. A reading of less than zero signals contraction. Confidence Improving A gauge of U.S. consumer confidence probably rose to 66 in August, the highest since April, from 65.9 last month, a separate poll of economists shows. The Conference Board is scheduled to release the data today. Bernanke probably won't use his Aug. 31 speech in Jackson Hole to suggest a third round of bond buying is at hand, according to economists including Michael Feroli at JPMorgan Chase & Co. in New York and James O'Sullivan at Valhalla, New York-based High Frequency Economics. Fed policy makers, who meet next on Sept. 12-13, are closely monitoring unemployment and other data and have been divided about whether to spur expansion. GfK's index of German consumer sentiment is likely to decline to 5.8 in September from 5.9 this month, according to economist projections taken before the market research company reports the figure today. Aug 27, 2012 23:26 OctaFX.Com News Updates

German gloom pressures shares, central banks eyed LONDON (Reuters) - A gloomy assessment of the business climate in Germany kept European shares under pressure on Monday, but moves were capped ahead of a meeting of central bankers at the end of the week which could point toward fresh stimulus measures. The latest Ifo index, which is compiled from a survey of some 7,000 German firms on economic conditions, fell in August to its lowest level since March 2010 as the euro zone crisis and a slowdown in China took their toll. "It looks as if the German economy will, at best, be treading water in the coming months," Carsten Brzeski, senior economist at ING. The euro zone's blue chip Euro STOXX 50 index <.STOXX50E> was down about 0.1 percent after the Ifo data at 2,431.10 points, although volumes were thin as the British market, Europe's largest, was shut for a public holiday. The main German stock index (.GDAXI) was little changed, recovering some of its earlier losses, as some of the Ifo institute's findings were not as bad as many feared. The euro also rose to $1.2530 after the Ifo survey was released, up 0.15 percent on the day, but was holding below a peak of $1.2590 set last Thursday. Analysts said the weaker outlook in Europe's biggest economy could also support political efforts to find a solution to the region's fiscal crisis, in part by supporting arguments made by German Chancellor Angela Merkel and European Central Bank President Mario Draghi. "The declining growth rate in Germany shows that the country is not immune from the general slowdown in Europe and outside Europe," said BNP Paribas economist Dominique Barbet. "This could help Merkel and Draghi convince German people that more efforts to support the euro zone are necessary and are in the interest of Germany." TIGHT RANGES SEEN But risk assets were expected to stay in a tight range this week as investors watch for clues on the next steps to tackle the euro area's debt crisis, and wait to see what emerges from a key gathering of central bankers at Jackson Hole, Wyoming on Friday. ECB chief Draghi signaled earlier this month that the bank may start buying government debt to reduce crippling Spanish and Italian borrowing costs, comments that fuelled a broad-based upturn in sentiment on global markets. However, over the weekend the powerful German Bundesbank chief Jens Weidmann likened the ECB's bond-buying plans to a dangerous drug, pointing to mounting unease over the policy. Markets have also been unsettled by rising talk of a Greek euro zone exit which have bubbled up again in recent days [iD:nL5E8JQ6JZ] With the ECB's next policy meeting not until September 6, most attention is now on Friday's central bankers meeting, and a speech that day by U.S. Federal Reserve chairman Ben Bernanke. Talk of more accommodative monetary stance from the Fed has grown in the wake of data showing the U.S. economy struggling under the twin impact of the euro zone crisis and a slowing Chinese economy. The speculation has helped the FTSEurofirst 300 index of top European shares (.FTEU3) rise by about 7 percent in August, while the S&P 500 index (.SPX) is up around 2.3 percent. On Monday, gold was at its loftiest levels since mid-April, at around $1,676.45 an ounce, due to the strength of the view that a further monetary easing from the Fed is imminent. Oil has also risen sharply, with Brent climbing above $115 per barrel on Monday, although it was also given a lift from supply concerns as Tropical Storm Isaac threatened to interrupt most U.S. offshore oil production in the Gulf of Mexico. Aug 27, 2012 07:43 OctaFX.Com News Updates

German gloom pressures shares, central banks eyed LONDON (Reuters) - A gloomy assessment of the business climate in Germany kept European shares under pressure on Monday, but moves were capped ahead of a meeting of central bankers at the end of the week which could point toward fresh stimulus measures. The latest Ifo index, which is compiled from a survey of some 7,000 German firms on economic conditions, fell in August to its lowest level since March 2010 as the euro zone crisis and a slowdown in China took their toll. "It looks as if the German economy will, at best, be treading water in the coming months," Carsten Brzeski, senior economist at ING. The euro zone's blue chip Euro STOXX 50 index <.STOXX50E> was down about 0.1 percent after the Ifo data at 2,431.10 points, although volumes were thin as the British market, Europe's largest, was shut for a public holiday. The main German stock index (.GDAXI) was little changed, recovering some of its earlier losses, as some of the Ifo institute's findings were not as bad as many feared. The euro also rose to $1.2530 after the Ifo survey was released, up 0.15 percent on the day, but was holding below a peak of $1.2590 set last Thursday. Analysts said the weaker outlook in Europe's biggest economy could also support political efforts to find a solution to the region's fiscal crisis, in part by supporting arguments made by German Chancellor Angela Merkel and European Central Bank President Mario Draghi. "The declining growth rate in Germany shows that the country is not immune from the general slowdown in Europe and outside Europe," said BNP Paribas economist Dominique Barbet. "This could help Merkel and Draghi convince German people that more efforts to support the euro zone are necessary and are in the interest of Germany." TIGHT RANGES SEEN But risk assets were expected to stay in a tight range this week as investors watch for clues on the next steps to tackle the euro area's debt crisis, and wait to see what emerges from a key gathering of central bankers at Jackson Hole, Wyoming on Friday. ECB chief Draghi signaled earlier this month that the bank may start buying government debt to reduce crippling Spanish and Italian borrowing costs, comments that fuelled a broad-based upturn in sentiment on global markets. However, over the weekend the powerful German Bundesbank chief Jens Weidmann likened the ECB's bond-buying plans to a dangerous drug, pointing to mounting unease over the policy. Markets have also been unsettled by rising talk of a Greek euro zone exit which have bubbled up again in recent days [iD:nL5E8JQ6JZ] With the ECB's next policy meeting not until September 6, most attention is now on Friday's central bankers meeting, and a speech that day by U.S. Federal Reserve chairman Ben Bernanke. Talk of more accommodative monetary stance from the Fed has grown in the wake of data showing the U.S. economy struggling under the twin impact of the euro zone crisis and a slowing Chinese economy. The speculation has helped the FTSEurofirst 300 index of top European shares (.FTEU3) rise by about 7 percent in August, while the S&P 500 index (.SPX) is up around 2.3 percent. On Monday, gold was at its loftiest levels since mid-April, at around $1,676.45 an ounce, due to the strength of the view that a further monetary easing from the Fed is imminent. Oil has also risen sharply, with Brent climbing above $115 per barrel on Monday, although it was also given a lift from supply concerns as Tropical Storm Isaac threatened to interrupt most U.S. offshore oil production in the Gulf of Mexico. Aug 27, 2012 07:43 OctaFX.Com News Updates

Round 4 of OctaFX Champion Demo Contest is over! Dear traders! We are proud to announce that Round 4 of OctaFX Champion Demo Contest is now over! It’s been a fascinating month, where leaders’ grid changed every day dramatically! The intrigue was there till the very last day. And the most successful traders have proven their leadership and won the contest! Stay tuned for the official Award Ceremony later on this week. We will introduce the winners to you, talk to them about their success and what key factors in their trading helped them win. In the meantime, let us remind you of the registration to the 5th round of OctaFX Champion Demo Contest! You can still in the next round and win amazing prizes from OctaFX! Read more about the contest and take part !

World Banks Interest Rates Please find the interest rates of various banks around the world on this page. World Interest Rates are presented here for your educational purposes

OctaFX Champion Demo Contest! Since the commencement of the Champion Demo Contest a lot of contestants showing there keen interest in it and currently our top contestant Nest10 has piled up with $56 290.15 in few days.So, come and grab the opportunity and be the part of matchless traders. View all contestants http://www.octafx.com/contests/octafx-champion/rating/