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OctaFx - Happy Weekend from OctAFX

OctaFX.Com - Get 30% bonus on each deposit with OctaFX! OctaFX is now offering a new deposit bonus. Deposit your account and we will grant you up to 30% of your deposit. EACH of your deposits. The promotion is not limited and available for every client. Getting your bonus is a piece of cake: Step 1: Open a new account at OctaFX and make a deposit Step 2: Login to your Personal Area and click “Bonuses” link in the header Step 3: Select your bonus amount and receive it Step 4: Enjoy your trading with even more funds in your account! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! OctaFX is proud to offer top-notch service level to its customers. Please stay tuned for the news and updates from OctaFX!

OctaFX.Com -Canadian Dollar Forecast Turns Bullish on USD Weakness Forex retail trading crowds are now their least short US Dollar (ticker: USDOLLAR) versus the Canadian Dollar since the USDCAD first crossed above the CS$1.00 mark. We unabashedly called for important USDCAD gains as crowds sold into rallies. Yet short positions are down 22 percent since last week while longs have risen 19 percent. As with other US Dollar pairs, we believe that the Canadian Dollar stands to benefit as the USD itself looks likely to correct lower through short-term trading. (USDCAD losses)]. Jun 07, 2012 14:43 OctaFX.Com News Updates

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OctaFX.Com -UK's Cameron, Obama urge action on eurozone crisis UK's Cameron, Obama agree 'immediate plan' needed to tackle eurozone crisis LONDON (AP) -- British Prime Minister David Cameron and US President Barack Obama have agreed on the need for immediate action to resolve the eurozone crisis. Downing Street says the two leaders spoke on the phone late Tuesday ahead of the G20 summit in Mexico later this month, when world leaders will discuss Europe's financial woes. A spokesman for Cameron said he and Obama agreed on the need for an immediate plan to tackle the crisis, as well as a longer-term strategy to secure a strong single currency. Cameron is visiting Berlin Thursday for a student conference with Chancellor Angela Merkel and Norwegian Premier Jens Stoltenberg, where the eurozone crisis is likely to be discussed. Cameron is pressing for eurozone countries to protect their currency with measures including greater fiscal burden-sharing among member countries. Jun 06, 2012 17:46 OctaFX.Com News Updates

OctaFx - Euro rises after ECB decision Euro rises vs dollar after ECB decision; Atlanta Fed president says stimulus may be considered The euro is rising against the dollar after the European Central Bank left its benchmark lending rate unchanged. Some economists expected the ECB to cut rates to help ease Europe's debt crisis, but bank President Mario Draghi said it's also up to governments to come up with a solution. Traders also sold the dollar on rising speculation that the Federal Reserve might launch another round of bond-buying to help the U.S. economy. Atlanta's Fed president said in a speech that monetary actions need to be considered. Bond buying lowers interest rates, and lower rates can weigh on a currency by reducing the returns investors get from holding it. With a third round of bond-buying mentioned, investors sold dollars. Jun 06, 2012 16:47 OctaFX.Com News Updates

It's your job to fix crisis, ECB tells governments FRANKFURT (Reuters) - The European Central Bank on Wednesday put the onus firmly on euro zone governments to solve the bloc's debt crisis, dashing expectations it could take near-term action despite saying the currency area's economy was under increasing threat. After the ECB left interest rates at 1 percent, President Mario Draghi said the bank was not open to trading with governments on the policy response to the crisis. Increasingly alarmed by signs Spain's banking crisis is opening a new front in the debt crisis, some in financial markets had hoped Draghi would signal a readiness for the ECB to take fresh action if euro zone governments take bolder action. Instead, Draghi said it was wrong for the ECB to fill a policy vacuum created by others and that there would be no quid pro quo between the central bank and governments. "There is no sort of horse trading here," he told a news conference. "Some of these problems in the euro area have nothing to do with monetary policy ... and I don't think it would be right for monetary policy to fill other institutions' lack of action." The respite the ECB bought the euro zone early this year by injecting over 1 trillion euros into its banking system with twin 3-year loan operations (LTROs) has faded, with borrowing costs for troubled countries such as Spain soaring again. Draghi played down prospects of any imminent third round of long-term money creation, saying LTROs and the ECB's dormant bond-buying program were instruments that are in place but temporary and "not infinite". "The issue now is whether these LTROs would actually be effective," he said when asked about another round. Draghi said the decision to leave rates unchanged was taken by "broad consensus". He said a few members, but not many, of the bank had wanted a rate cut. The ECB has never before lowered its main refinancing rate below 1 percent. Berenberg Bank economist Holger Schmieding said it was an open question whether the ECB would cut rates in July. "In addition, the ECB offered no hint today that it may re-activate its two most important non-standard measures, that is the 3-year long-term refinancing operations (LTROs) and the purchases of sovereign bonds," Schmieding said. "This suggests that it would take a major further escalation of financial tensions for the ECB to go beyond a possible rate cut in July," he added. Draghi said markets tensions had not returned to the levels of late last year, when the ECB offered the 3-year LTROs, and stressed the euro zone was far from facing a situation like the one after the collapse of Lehman Brothers in September 2008. Although flagging the increasing threat to the currency area's economy, new ECB growth forecasts for 2012 were unchanged -- in a -0.5 to +0.3 percent range. The prediction for the following year was barely changed either. "The economic outlook for the euro area is subject to increased downside risks relating in particular to a further increase in the tensions in several euro area financial markets and their potential spillover to the euro area real economy," Draghi said. Markets were unsure how the ECB would react to a recent wave of weak economic data, knowing that the bank also wants to keep the pressure on euro zone leaders to tackle the crisis more effectively. The euro was steady at $1.25 after the decision, Europe's benchmark stock market (.FTEU3) was up 2 percent after a recent steep fall. DILEMMA Jolted into action by Spain's banking crisis, EU leaders have started considering the form of economic union needed to make the bloc durable as well as more immediate measures to help Madrid. But that end-game is still months or years away and in the meantime investors view the ECB as the institution with the firepower to keep the crisis in check. "For the time being, the ECB is sitting on its hands as the bloc's economy and financial markets deteriorate further," said Nicholas Spiro, managing director of Spiro Sovereign Strategy. "The message from today's ECB meeting is a worrying one: any mutualization of euro zone debt is a long way off yet credible interim measures to shore up confidence will not be forthcoming for the time being," Spiro added. In the run up to Wednesday's meeting, International Monetary Find chief Christine Lagarde said the bank had room to cut rates [iD:nL5E8H50YO]. Spain and other hard hit parts of the euro zone would also like the ECB to revive its bond buying program to provide them with cover while they undertake planned repairs to their economies. Euro zone unemployment stood at a record 11 percent in April, business confidence has slumped and surveys of manufacturing have hit three-year lows, adding to conviction that the bloc's economy is set to drop back into recession. The bank's dilemma is that if does too much, pressure for government action falls. Yet if it does nothing, troubled sovereign debtors could find it harder and harder to finance themselves or maintain confidence in the banks that have bought much of their debt. Draghi said the ECB would continue to supply euro zone banks with all the liquidity they ask for at least until January 15 next year. It had said in October it would give euro zone bank unlimited access to central bank funding at least until July 10. Before the crisis, the ECB allotted a certain amount in its refinancing operations for which banks had to put in bids. Since the crisis began, the ECB has extended the maturity of such operations to as long as 3 years and has lifted funding limits. Most ECB watchers had expected it would keep its powder dry until after June 17 Greek elections and a crunch summit of EU leaders at the end of June, which Draghi and his colleagues hope will dispel any doubts about Europe's commitment to the euro. There are also growing signs that a decision on a bailout for Spain's debt-laden banks will have been taken by the end of the month. Jun 06, 2012 15:26 OctaFX.Com News Updates

OctaFX-BDPIPS Demo Contest current update Traders from Bangladesh are fighting for the prizes of the contest, under the details of current round leaders/participants ranking. The results and winners will be announced after Jun 16, 2012 00:00 (GMT+2). Click here to watch Contest top trades and Top floating profit OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX! for more info visit here http://www.octafx.com/company/news/octafx-bdpips-demo-contest-started/

Round 2 of OctaFX Champion Demo contest started! Dear traders! We are happy to announce that Round 2 of OctaFX Champion Demo Contest has officially started today! From now on, over 600 strongest traders of the world will be competing for the amazing prizes of this contest, namely: 1st prize gets 500 USD 2st prize gets 300 USD 3st prize gets 100 USD The last place gets another 100 USD The results and winners will be announced after Jun 30, 2012 00:00 (GMT+2). OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX! Good luck everyone and let the strongest win the contest! Register now and become OctaFX Champion!

OctaFX.Com - Our client's funds security is our top priority. Our client's funds security is our top priority. With OctaFX you can be absolutely sure your deposits are secured in every possible way. Here are some of the measures we take to ensure funds protection: Segregated Accounts In accordance with the international regulation standards OctaFX uses segregated account to keep protected customers' funds segregated from the company's balance sheets. This makes your funds secure and untouched. SSL-protected Personal Area We use highly secured technology to protect your personal data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, which makes your browsing safe and your data inaccessible to any third parties. Account verification OctaFX recommends you to verify your account by submitting your personal ID scan and an address proof. This simple measure will make sure your transactions are authorized and secured. Secure withdrawal rules Since a withdrawal from a real account requires an email confirmation, no one can ever access your account but yourself. It is also required that you use the same payment details for deposits and withdrawals. Thus, under no circumstances can OctaFX transfer your withdrawal to an unauthorized third party. 3D secure Visa/Mastercard authorization We apply 3D secure technology when processing credit and debit cards. This technology makes all the Visa/Mastercard transactions transparent and safe. Advanced protection OctaFX technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists. They have developed and maintain top level protection, so any data loss, damage or other technical issues are highly unlikely.

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OctaFx -Euro falls near 2-year low as debt crisis widens NEW YORK (Reuters) - The euro slumped to a near two-year low against the dollar on Wednesday with no relief in sight as Italian borrowing costs soared and concerns mounted over Spain's banking sector. Selling accelerated after the euro broke beneath the psychologically important $1.25 level and option barrier at $1.24, opening the way for a slide toward the low $1.20 area. Real money and institutional investors stepped up selling on signs the bloc's debt crisis is spreading to larger economies. "I think everybody was looking for an excuse to jump on the bandwagon for selling the euro," said Ravi Bharadwaj, market analyst at Western Union Business Solutions in Washington, D.C. "The fear is that a lot of the imbalances that have been built up so far have been funded and financed by banks in Europe. As the different sovereign entities look to stabilize their financial systems, they are in effect just feeding a massive feedback loop." Italy's funding costs rose sharply at a bond sale on Wednesday, with 10-year yields topping 6 percent for the first time since January. The Spanish equivalent neared the dangerous 7 percent level that had forced Ireland and Greece to seek bailouts. The euro fell as low as $1.2384 on Reuters data, the lowest since July 1, 2010. It was last at $1.2402, down 0.8 percent on the day. Support now lies around $1.2150, a low touched in late June 2010, and then the 2010 low of $1.1875. Adding to pressure on the euro were poll results showing Greece's radical leftist SYRIZA party has taken the lead over the pro-bailout conservatives. Greece is holding a national parliamentary election next month that may determine whether the debt-laden country stays in the euro zone. The euro staged the short-lived bounce after the European Commission said the euro zone should move towards a banking union and consider eurobonds and the direct recapitalization of banks from its permanent bailout fund. The jump in Italian and Spanish bond yields came a day after Egan-Jones Ratings cut Spain's credit rating, the agency's third downgrade of the country's sovereign rating in less than a month, citing the country's weak banks as the reason for the downgrade. A government source told Reuters on Tuesday that Spain would likely recapitalize Bankia (BKIA.MC), which asked for 19 billion euros on Friday, by issuing new debt and possibly drawing cash from the bank restructuring fund and Treasury reserves. "The euro is in an extremely vulnerable position and downside risks are very strong indeed," said Jane Foley, senior currency strategist at Rabobank. "The Spanish banking crisis has the potential to knock the stuffing out of the euro zone irrespective of the Greek election results." "The issues for Spain are undoubtedly huge and most people are coming round to the idea that it will need to go outside of its borders for assistance. The longer it delays, the more the risk of a bank run." The euro lost 1.5 percent against the safe-haven yen, taking it to a four-and-a-half month low of 97.73 yen. The dollar hit a three-and-a-half month low of 78.85 yen and was last down 0.7 percent at 78.94. The dollar index (.DXY), which measures its value against a basket of currencies, rise to a 20-month high of 82.941. Technical analysts said a monthly close about the 100-month average in the dollar index around 81.82 may herald a shift in the longer-term trend of the dollar and reverse a multi-year drift lower. The dollar also rose to a 15-month high against the Swiss franc at 0.9696 francs on EBS. The higher-yielding Australian dollar fell 1.2 percent to $0.9716, slipping towards a six-month low at $0.9690, after weaker-than-expected retail sales data underscored the case for interest rate cuts. May 30, 2012 16:57 OctaFX.Com News Updates

OctaFX Champion Round 1 Winners Grand Award! OctaFX Champion Round 1 Winners Grand Award! Dear traders! Today OctaFX is proud to present you the Grand Winners Award of the OctaFX Champion Demo Contest Round 1! There has been a lot of struggle, leaders had an enormous race and changed rankings almost every day until the contest was over! Certainly all of you are interested in how they managed to get these fantastic results. We interviewed our winners and asked them to unveil their success formulas! And the winner is… 1st prize, 500 USD, and all the glory to Mr. Ehsan Moattari from Germany Q: Was your win easy? Difficult? Did you feel a lot of competition from other rivals? A: It was not too hard nor too easy. Personally I believe the hard and easy is a relative matter. If a trader goes according to plan strategy and his chances of victory is high. Q:What is the main idea behind your winning strategy? What would you advise to other traders? A: Time to follow my strategy in the medium-term (daily and 4 hour) is. Testimonial that I'm by myself and others that the lot size with respect to capital management options. 2nd prize, 300 USD, and our sincere congratulations to Mr. Kristian Arjianto from Indonesia Q: Was your win easy? Difficult? Did you feel a lot of competition from other rivals? A: No, it’s not easy but not too difficult. I feel a lot of competition but not too hard at the end of contest. Competition very hard at beginning but not too hard at the end, maybe there is only about 500 contestant (It should >1000 contestant too make it more competitive) Q: What is the main idea behind your winning strategy? What would you advise to other traders? A: My idea is simple. This contest is not for sprinter but it's more like marathon, so it's about money management and patience. There are much trader behave like sprinter, force profit too hard at beginning with super high risk, they got big profit but market just need one or two trade to made their account collapse. So, my advice is good money management, patience and ready to sprint at the last days. 3rd prize, 100 USD, and give props to Mr. Yato Fachrudin SE from Indonesia Finally the last, but not the least prize winner, Mr. Wail Helali from Indonesia. Q: What would your message to traders around the world be? A: I want to thank all the employee of OctaFX of the great support and services they have and I want to tell to other trader don't fear the market just be caution and respect it, and specially don't trade emotionally it will swap your account.

Round 1 of OctaFX Champion Demo Contest is over! Dear traders! We are proud to announce that the 1st round 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 2nd round of OctaFXChampion Demo Contest! You can still register and take part in the next round and win amazing prizes from OctaFX! Read more about the contest and take part here! register and take part!

OctaFx - World stocks inch higher on Greek vote hopes World stock markets inch higher as polls suggest Greeks prefer to stay in eurozone MOSCOW (AP) -- European markets posted modest gains Monday morning after weekend opinion polls strengthened hopes that Greece might stick with the euro and austerity measures. Investor sentiment remained fragile, however, with Spain's bond yields rising after the announcement of bailout plans for troubled lender Bankia. Trading volumes were also expected to remain low with Wall Street due to remain closed for the Memorial Day holiday. The likelihood of Greece leaving the eurozone has been growing steadily since early May, when political parties opposed to the harsh terms of the country's financial rescue received unexpectedly high support in polls. The Greek exit would extend financial turmoil in the country and spread financial difficulties to other nations using the euro. Surveys over the weekend showed that Greeks, while angry after more than two years of austerity measures that have produced lower pensions and higher taxes, still want Greece to keep the euro currency and not revert back to the drachma. The May election results were so splintered that it left the country without a coalition government. Another election has been set for June 17. Ric Spooner, chief market analyst at CMC Markets in Sydney, said it made sense for investors to remain subdued this far ahead of the election. "The response has so far been very muted because these things could easily wax and wane over the course of the next two weeks," said Spooner. "One of the key drivers for investors will be trying to assess what the outcome of Greek election may be." European stocks inched up Monday Morning. Britain's FTSE 100 and France's CAC-40 were both 0.7 percent higher, at 5,391.82 and 3,068.76 points, respectively. Germany's DAX added 0.6 percent to 6,388.88. Moscow-based investment bank Troika Dialog warned in a morning note that "given the large number of very uncertain events on investors' watch list, any rebound will be modest." Spanish markets declined Monday on bailout plans for troubled lender Bankia, sending its shares plummeting 21 percent. Spain's IBEX 35 was lower 0.6 percent at 6,500.7 in morning trading. Yields for Spain's 10-year bonds on the secondary markets hit 6.45 percent in morning — close to the key 7 percent rate beyond which long-term financing on the bond markets is considered unaffordable. In Ireland, Prime Minister Enda Kenny made an appeal to voters to support the European Union's fiscal treaty in a referendum this week. Ireland's current EU-International Monetary Fund loans are due to run out by the end of next year, and only members of the treaty can access EU funds. Ireland is the only nation among 25 signatories putting the deficit-fighting treaty to a national vote. Ireland's benchmark ISE was up 0.7 percent at 3,113.34. Wall Street will be closed Monday for Memorial Day, which typically results in subdued stock trading globally. Asian stock markets closed modestly higher. Japan's Nikkei 225 index swung between gains and losses before settling 0.2 percent higher at 8,593.15. Hong Kong's Hang Seng added 0.5 percent to 18,800.99. Australia's S&P/ASX 200 rose 1 percent. In mainland China, the Shanghai Composite Index climbed 1.2 percent to 2,361.37 and the smaller Shenzhen Composite Index shot up 1.4 percent to 948.42. Later in the week, the U.S. government will release employment data for May, while China will release monthly manufacturing data. A private survey last week showed activity weakened further in May. Benchmark oil for July delivery was up 89 cents to $91.75 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 20 cents to settle at $90.86 in New York on Friday. In currencies, the euro rose to $1.2578 from $1.2518 late Friday in New York. The dollar fell to 79.36 yen from 79.66 yen. May 28, 2012 11:58 OctaFX.Com News Updates

OctaFX.Com -Gold firms on euro rebound; Europe worries linger Gold firms on euro rebound; Europe worries linger SINGAPORE (Reuters) - Gold rose on Monday, tracking a firm euro, as fears of a messy Greek exit from the euro zone receded slightly after opinion polls showed pro-bailout conservatives in the lead, but gains were checked as worries about the region were far from over. The euro bounced back from a two-year low hit on Friday after the opinion polls triggered short-covering in the single currency, while the dollar index (.DXY) fell for the first time in five sessions, helping support commodities priced in the greenback. "June will be a key month as investors await the Greek election," said Lynette Tan, an analyst at Phillip Futures in Singapore. "Gold will probably be rangebound between $1,530 and $1,600 per ounce if there's no major news before the election." Bullion shed more than 1 percent last week, in tandem with the euro, equities and other commodities, as investors fretted over the impact of a potential Greek exit from the euro zone and rushed to lower-risk assets such as the dollar and U.S. Treasuries. But investors remain worried as Spain's wealthy Catalonia region sought central government help as it was running out of options for refinancing debt this year. Spot gold rose 0.4 percent to $1,580.42 per ounce, its highest level in nearly a week, and traded at $1,577.76 by 0627 GMT. U.S. gold was up half a percent at $1,577.30. In the week ended May 22, speculators cut their net bullish bets on U.S. gold to the lowest level since December 2008 as the rise in short positions outpaced the uptick in longs, data from U.S. Commodity Futures Trading Commission showed. "There is no particular reason to buy gold at this point - oil prices have slumped, the dollar is very strong and we don't see the prospect of more monetary easing from the U.S. Federal Reserve any time soon," a Hong Kong-based dealer said. "People are just waiting for the verdict on Greece." Further strengthening the dollar, U.S. consumer sentiment rose to the highest level in more than four years in May as Americans remained positive about the job market, while higher-income households were optimistic about wage increases, a survey released on Friday showed. This week investors will look at U.S. non-farm payrolls and China's official purchasing managers index data to gauge the health of the world's top two economies. May 28, 2012 07:01 OctaFX.Com News Updates

OctaFx -Insight: U.S. hedge funds find ways to trade euro misery BOSTON/NEW YORK (Reuters) - Two decades ago, George Soros rose to fame and fortune on his now-historic trade in which he took on the Bank of England and shrewdly wagered on a devaluation of the British pound. But it's unlikely the current European monetary crisis and worries about Greece's potential exit from the euro zone will give rise to an investing legend like Soros, who made $1 billion in 1992 by betting on a decline in the price of the pound. Instead, there are a multitude of strategies to play Europe's troubles, and many different participants, according to U.S. hedge fund managers. "There is not room for one player to have such impact," said John Brynjolfsson, whose California-based Armored Wolf hedge fund has been betting against the euro for quite some time. "Financial markets are so much bigger today." A spokesman for Soros, who last year converted his Soros Fund Management to a family office and stopped managing money for outside investors, could not be reached for comment. Brynjolfsson and several other U.S. money managers who are trying to profit from Europe's misery say they expect the current crisis to produce a lot of winners. So far this year, the euro is down 3.3 percent against the U.S. dollar. U.S. money managers say it's hard to swing for the fences the way Soros did because institutional investors are far more squeamish about having too much money riding on any single trade. There is also heightened sensitivity from pensions and endowments to taking an investment strategy that might spark political outrage from European leaders. Another thing working against the rise of a new Soros is that trading the euro zone, or even the fallout from a Greek exit, is a much more complicated than betting against a single currency. Money managers are playing the euro zone crisis by trading currencies, wagering on the direction of bank stocks or using derivatives like credit default swaps to bet on potential corporate and bank failures. Greenlight Capital's David Einhorn recently said he is bullish on gold and gold miners, in part because of concern about the fallout from a euro zone meltdown. Some managers are even going both short and long on different European sovereign debt, depending on their views of the financial stability of different countries. Adam Fisher, manager of the $320 million Commonwealth Opportunity Capital hedge fund, noted that Soros faced a "single country, not 17 different countries, one decision maker, not 17." Fisher's fund, which has more than 80 percent of its money invested in Europe, is taking a somewhat contrarian position by owning the European sovereign debt of Germany, the Netherlands, Italy and Spain. Hedge fund managers point out that given the up-and-down nature of the euro zone crisis, most hedge funds have been in and out of trades or forced to adjust positions depending on the changing political winds. Earlier this year, for instance, it looked like concern about Greece exiting the euro had passed. But with the recent results of the Greek election at odds with the austerity measures demanded by its currency partners, the risk of a Greek departure from the euro zone has risen dramatically. Recently, Fisher said his Los Angeles-based fund had reduced the size of some of its more bullish sovereign debt trades because he believes there will be "violent" market swings this summer. "It is going to be incredibly difficult to manage risk through that environment," said Fisher, whose fund was up 8.8 percent through April. "I don't think hedging will do anything. The way you hedge, is you sell. You don't subtract risk by adding risk." Brynjolfsson, a former top portfolio manager for bond mutual fund firm Pacific Investment Management Co, is betting on Greece exiting the euro. He said it will be hard for European leaders to take the necessary steps to appease the Greek government without infuriating politicians in other euro zone countries. "As the wheels began falling off the bus, we adjusted to have a short bias and that has worked out," said Brynjolfsson, whose $750 million hedge fund is up 2 percent this year, largely on its short bet against the euro. Axel Merk, president and chief executive officer of Merk Investments, an investment advisory firm that specializes in currencies, said the growing problems with Greece and the euro zone led him recently to dump all the euros in his $517 million Merk Hard Currency Fund, which is up 2.29 percent for the year. Merk now favors the Singapore dollar, which has climbed 1.34 percent since January. Ray Dalio's $120 billion Bridgewater Associates gained 23 percent in 2011 in part because of profits made from a series of European bets, said a person familiar with the Westport, Conn.-based fund who declined to discuss specifics of the strategy. In a recent interview with Barron's, Dalio said European banks "are now over-leveraged and can't expand their balance sheets" and European nations "don't have enough buyers of their debt." Dalio may be the U.S. money manager who comes closest to rivaling the Soros of two decades ago. His hedge fund is the industry's largest and he widely regarded as one of the most successful managers. Among the ways funds are playing the European turmoil, some are betting against the fortunes of Spanish and Italian banks instead of simply focusing on sovereign debt. John Paulson, among others, bets against European sovereign debt as way to hedge the overall portfolio of his Paulson & Co hedge fund firm. Daniel Loeb's Third Point fund put on a long position in Portuguese sovereign bonds in the first quarter because the New York-based manager believed the nation is in better shape than others in the euro zone. "Portugal's debt profile is more consistent with Italy's than Greece's, its banks are substantially healthier than Spain's, and its government has enacted more aggressive labor reforms and is more stable than regimes in both countries," Loeb wrote in a May 16 investors' letter seen by Reuters. If nothing else, the European crisis is forcing managers to keep coming up with new strategies to trade. One might say it's almost become an incubator for hedge fund managers to stretch their investment acumen. Merk said he might look again at Europe if the political and financial situation gets more clarity. But he would likely do it a bit differently. "If there is clarity in the process again, then we will certainly look at Europe again," he said. "But not through Greek debt, but through German bills." May 28, 2012 06:04 OctaFX.Com News Updates

OctaFx - Happy Weekend from OctAFX We have seen many ups and down in OctaFX Champion and BDpips contests. competitors trying their best to bang each other by skills anyhow circumstances is still rigid. we wish superlative for all traders in coming week

OctaFX.Com -Euro falls vs. dollar on fears debt crisis may spread Euro falls vs. dollar on fears debt crisis may spread NEW YORK (Reuters) - The euro slipped to near two-year lows against the dollar on Friday, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the bloc. A plea from Spain's wealthiest autonomous region, Catalonia, for help from the central government to refinance its debt this year was the latest news to hit the euro, which was on track for its worst weekly showing in five months. Catalonia's appeal reverberated across financial markets. Spanish and Italian bonds sold off, equities fell, and U.S. crude oil futures turned negative. "The Catalonia news was a big deal because it implies that the Spanish government may have to take on more debt and it cannot afford to do so," said Richard Franulovich, senior currency strategist at Westpac Securities in New York. "It looks like all the euros that were bought need to be resold. For now, it's all about contagion," he added. In mid-afternoon New York trading, the euro slipped 0.2 percent to $1.2511, after earlier falling to a nearly two-year low of $1.2495, using Reuters data, taking out a key options barrier at $1.25. The common currency has lost 5.5 percent against the dollar so far this month and is facing its fourth straight week of losses, raising the possibility of a test of the 2010 low of $1.1875. It has dropped 2.1 percent this week, placing the euro on pace for its worst weekly performance since mid December. Macro funds and institutional investors have ramped up euro selling after an inconclusive election in Greece left the country at risk of bankruptcy and a possible exit from the euro zone. "I think markets are pretty complacent about a Greek exit," said Gabriel de Kock, executive director of FX research at Morgan Stanley in New York. "Everyone says it's going to happen, but if it does, the Europeans will have to do extraordinary things to avoid contagion of the sort that could knock out Ireland, Spain and Portugal pretty quickly. So people are not ready." Greeks vote again on June 17, with polls showing a close race between parties supporting and opposing the austerity measures that are part of the terms of the country's international bailout, keeping markets on tenterhooks. Investors are also concerned about the health of the Spanish banking sector, chances of a deep and damaging slowdown in the euro area, and the lack of any aggressive policy measures to address the escalating debt crisis. Spanish lender Bankia (BKIA.MC), which was partly nationalized this month, was set to ask the government for a bailout of more than 15 billion euros (US$19 billion) on Friday, a financial sector source told Reuters. Many strategists expected euro selling to continue next week, although heavy short positioning could slow the momentum. Investor nervousness was well reflected in the options market, as euro/dollar one-month implied volatility hit 13.13 percent for a second straight day. It was last at 12.2 percent, well above its 50-day simple moving average. Brad Bechtel, managing director at Faros Trading in Stamford, Connecticut, said the uncertainty surrounding Greece is likely to keep trading volatile and unpredictable. "By and large, people are more comfortable being short euro or long volatility, but at the same time, you get to points like right now when we're very stretched," said Bechtel. "Then, you can get very quick 2 percent to 3 percent snap-backs. It forces everyone to be day traders, speculators as opposed to investors." Against the yen, the dollar was up 0.1 percent at 79.65 yen, supported by Tokyo importers and investors squaring positions ahead of a long holiday weekend in the United States. Sell offers around 80.00 yen were poised to cap any further gains, traders said. U.S. markets will be closed on Monday for the Memorial Day holiday. The euro was flat against the Swiss franc at 1.2007 francs, having jumped to 1.2075 francs on Thursday, its highest level since mid-March on market talk the Swiss government is going to impose a tax on deposits and chatter that the Swiss central bank initiated a short squeeze in the pair. Traders said the Swiss National Bank has been buying euros in the past few weeks to protect the floor at 1.20 francs, although some investors were still piling on bets through the options market that the peg will be breached in coming days if the euro zone crisis escalates. May 25, 2012 15:48 OctaFX.Com News Updates

OctaFX.Com -Euro slumps vs. dollar on Greek, Spain worries Euro slumps vs. dollar on Greek, Spain worries NEW YORK (Reuters) - The euro tumbled to nearly two-year lows against the dollar on Friday, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the bloc. A plea from Spain's wealthiest autonomous region, Catalonia, for help from the central government to refinance its debt this year was the latest news to hit the euro, which was on track for its worst weekly showing in five months. Catalonia's appeal reverberated across financial markets. Spanish and Italian bonds sold off, equities fell, and U.S. crude futures turned negative. "The Catalonia news was a big deal because it implies that the Spanish government may have to take on more debt and it cannot afford to do so," said Richard Franulovich, senior currency strategist at Westpac Securities in New York. "It looks like all the euros that were bought need to be resold. For now, it's all about contagion," he added. In midday New York trading, the euro slipped 0.1 percent to $1.2525, after earlier falling to a nearly two-year low of $1.2495 on trading platform EBS, taking out a key options barrier at $1.25. That placed the euro on pace for its worst weekly performance since December. The common currency has lost 5.5 percent against the dollar so far this month and is facing its fourth straight week of losses, raising the possibility of a test of the 2010 low of $1.1875. Macro funds and institutional investors have ramped up euro selling after an inconclusive election in Greece left the country at risk of bankruptcy and a possible exit from the euro zone. "I think markets are pretty complacent about a Greek exit," said Gabriel de Kock, executive director of FX research at Morgan Stanley in New York. "Everyone says it's going to happen, but if it does, the Europeans will have to do extraordinary things to avoid contagion of the sort that could knock out Ireland, Spain and Portugal pretty quickly. So people are not ready." Greeks vote again on June 17, with polls showing a close race between parties supporting and opposing austerity measures that are part of the terms of the country's international bailout, keeping markets on tenterhooks. Investors are also concerned about the health of the Spanish banking sector, chances of a deep and damaging slowdown in the euro area, and the lack of any aggressive policy measures to address the escalating debt crisis. Spanish lender Bankia (BKIA.MC), which was partly nationalized this month, was set to ask the government for a bailout of more than 15 billion euros (US$19 billion) on Friday, a financial sector source told Reuters. Many strategists expected euro selling to continue next week, although heavy short positioning could slow the momentum. "We have...a standoff where the market is short and the news is bad, and so we have tended to go down in stages," said Kit Juckes, currency strategist at Societe Generale. "Although it's almost impossible to imagine a set of circumstances where we get good news, the pullbacks in this move down since the break of $1.30 have gotten really tiny." Investor nervousness was well reflected in the options market, as euro/dollar one-month implied volatility hit 13.13 percent for a second straight day. It was last at 12.0 percent, well above its 50-day moving average. With the euro under pressure, the dollar has been the chief beneficiary. An index that measures the dollar against a basket of major currencies edged up to 82.461 (.DXY), the highest level since September 2010. Against the yen, the dollar was steady at 79.62 yen, supported by Tokyo importers and investors squaring positions ahead of a long holiday weekend in the United States. Sell offers around 80.00 yen were poised to cap any further gains, traders said. The euro was flat against the Swiss franc at 1.2009 francs, having jumped to 1.20769 francs on Thursday, its highest level since mid-March on market talk the Swiss government is going to impose a tax on deposits and chatter that the Swiss central bank initiated a short squeeze in the pair. Traders said the Swiss National Bank has been buying euros in the past few weeks to protect the floor at 1.20 francs, although some investors were still piling on bets through the options market that the peg will be breached in coming days if the euro zone crisis escalates. May 25, 2012 14:00 OctaFX.Com News Updates

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