-
Posts
3069 -
Joined
-
Last visited
Content Type
Profiles
Forums
Articles
Everything posted by OctaFX_Farid
-
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Canada Manufacturing Shipments (MoM) above expectations (1.1%) in September: Actual (2.1%) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
EIA forecasts lower Natural Gas price FXStreet (Mumbai) - The US Energy Information Administration (EIA), in its short-term energy outlook released this week, said the Natural gas will cost less this winter due to record high production. The agency expects the spot price of natural gas to average USD 3.97/mmBtu this winter, down from last month's estimate of USD 4/mmBtu. Last winter, spot prices averaged US 4.53/mmBtu. The EIA also lowered its price forecast for 2015 from USD 3.84/mmBtu to USD 3.83/mmBtu. Natural Gas for December delivery traded 0.75% higher at USD 4.007 at the time of writing. Moreover, the commodity has posted losses since the beginning of this week. Natural Gas Technical Levels Natural gas has an immediate support at 3.977, under which prices can fall to 3.955 levels. Meanwhile, resistance is seen at 4.064 and 4.10 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Poland M3 Money Supply (YoY) down to 7.7% in October from previous 7.8% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Poland M3 Money Supply (YoY) down to 7.7% in October from previous 7.8% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 14, 2014 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com-Spreads and conditions! Please find information about OctaFX forex spreads and other trading conditions on this page. You can find the lowest spreads in history here, actual swap rates, pip prices for various currency pairs and all the relevant information for your successful trading. MetaTrader 4 Micro MetaTrader 4 ECN cTRADER ECN * 1 point (pip) is calculated as: For 5-digit pricing currency pairs - by 4th digit (0.0001); For 3-digit pricing currency pairs - by 2nd digit (0.01). For XAUUSD - by 1st digit (0.1). Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD Consolidates – TD Securities FXStreet (Barcelona) - Shaun Osborne and Martin Schwerdtfeger, FX Strategists at TD Securities, see the USD trading a little softer overall on the day in terms of the DXY’s performance, while most major currencies post small gains versus the big dollar. Key Quotes “The narrowing consolidation range in place in the DXY since the start of November should—sooner or later—give way to a more dynamic phase of market movement—most likely higher.“ “What the catalyst for the move will be remains to be seen; US yields are holding in a range and, on the day, Fed and ECB speak has the potential to attract the market attention, but perhaps not spark much appetite for fresh and aggressive positioning. Ditto for weekly claims and the JOLTS survey, even if these numbers support the impression of a better labour market.†“Friday’s US retail sales and Monday’s (Sunday evening ET) Japanese GDP data may trigger a little more interest, especially the latter, given the ongoing speculation about PM Abe getting ready to postpone the VAT tax hike of Oct 2015.†“From a positioning point of view, we want to buy into modest USD dips versus the majors. For instance, we would buy USDJPY on a move lower into the mid/upper 114s.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 13, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD Consolidates – TD Securities FXStreet (Barcelona) - Shaun Osborne and Martin Schwerdtfeger, FX Strategists at TD Securities, see the USD trading a little softer overall on the day in terms of the DXY’s performance, while most major currencies post small gains versus the big dollar. Key Quotes “The narrowing consolidation range in place in the DXY since the start of November should—sooner or later—give way to a more dynamic phase of market movement—most likely higher.“ “What the catalyst for the move will be remains to be seen; US yields are holding in a range and, on the day, Fed and ECB speak has the potential to attract the market attention, but perhaps not spark much appetite for fresh and aggressive positioning. Ditto for weekly claims and the JOLTS survey, even if these numbers support the impression of a better labour market.†“Friday’s US retail sales and Monday’s (Sunday evening ET) Japanese GDP data may trigger a little more interest, especially the latter, given the ongoing speculation about PM Abe getting ready to postpone the VAT tax hike of Oct 2015.†“From a positioning point of view, we want to buy into modest USD dips versus the majors. For instance, we would buy USDJPY on a move lower into the mid/upper 114s.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 13, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD Consolidates – TD Securities FXStreet (Barcelona) - Shaun Osborne and Martin Schwerdtfeger, FX Strategists at TD Securities, see the USD trading a little softer overall on the day in terms of the DXY’s performance, while most major currencies post small gains versus the big dollar. Key Quotes “The narrowing consolidation range in place in the DXY since the start of November should—sooner or later—give way to a more dynamic phase of market movement—most likely higher.“ “What the catalyst for the move will be remains to be seen; US yields are holding in a range and, on the day, Fed and ECB speak has the potential to attract the market attention, but perhaps not spark much appetite for fresh and aggressive positioning. Ditto for weekly claims and the JOLTS survey, even if these numbers support the impression of a better labour market.†“Friday’s US retail sales and Monday’s (Sunday evening ET) Japanese GDP data may trigger a little more interest, especially the latter, given the ongoing speculation about PM Abe getting ready to postpone the VAT tax hike of Oct 2015.†“From a positioning point of view, we want to buy into modest USD dips versus the majors. For instance, we would buy USDJPY on a move lower into the mid/upper 114s.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 13, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD Consolidates – TD Securities FXStreet (Barcelona) - Shaun Osborne and Martin Schwerdtfeger, FX Strategists at TD Securities, see the USD trading a little softer overall on the day in terms of the DXY’s performance, while most major currencies post small gains versus the big dollar. Key Quotes “The narrowing consolidation range in place in the DXY since the start of November should—sooner or later—give way to a more dynamic phase of market movement—most likely higher.“ “What the catalyst for the move will be remains to be seen; US yields are holding in a range and, on the day, Fed and ECB speak has the potential to attract the market attention, but perhaps not spark much appetite for fresh and aggressive positioning. Ditto for weekly claims and the JOLTS survey, even if these numbers support the impression of a better labour market.†“Friday’s US retail sales and Monday’s (Sunday evening ET) Japanese GDP data may trigger a little more interest, especially the latter, given the ongoing speculation about PM Abe getting ready to postpone the VAT tax hike of Oct 2015.†“From a positioning point of view, we want to buy into modest USD dips versus the majors. For instance, we would buy USDJPY on a move lower into the mid/upper 114s.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 13, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
GBP remains weaker BTMU FXStreet (Barcelona) - Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ notes GBP remaining weaker after the BoE QIR supported delayed rate hike expectations. Key Quotes The pound has remained on a weaker footing following the release yesterday of the more dovish than expected Quarterly Inflation Report from the BoE. The QIR supported market expectations that the BoE is unlikely to begin raising rates until late next year, which were described as appropriate. The BoE lowered substantially their outlook for inflation in the near-term although remains comfortable that it will return to target by the very end of their forecast horizon. Cable is likely to remain under downward pressure as the BoE is now more likely to follow rather than lead the Fed in raising rates from next year. However the pound is still likely to strengthen further against the euro and yen as the BoE remains on track to raise rates well ahead of both the ECB and BoJ, and economic growth in the UK should continue to outperform compared to in the euro-zone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 13, 2014 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com-Swap free trading with OctaFx! OctaFX offers swap-free accounts to their clients. Whether or not your beliefs or trading strategy require swap-free trading, you can always open a swap-free account at OctaFX . You can always apply for a swap-free account at registration, no matter whether you choose a Micro or ECN account. No overnight charges will be applied to your account. OctaFX respects various trading strategies and does its best to meet every possible client's requirements and expectations. To apply for a swap-free account please check the box "Swap-Free" when opening your account. Your account will be automatically assigned swap-free status. Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD/JPY Volatile on Abe Spec – TD Securities FXStreet (Barcelona) - Analysts at TD Securities note that the JPY is likely to remain in focus for the markets following reports suggesting that PM Abe’s government is mulling a snap election in December, and see USD/JPY slipping below to 115.00/10 to find a firmer support at 114.00/10. Key Quotes “The swing factor in this respect may be next Monday’s Q3 GDP report (released late Sunday ET); a weak rebound in growth after the sharp Q2 decline (-7.1% q/q, ann.) will shift the balance of expectations against the government pushing on with the sales tax increase—and in favour of a snap election therefore.“ “Reports suggest that the government will be concerned if growth fails to reach at least 2.0% - which is right where the market consensus for the report currently stands.“ “USDJPY ran higher to retest 116 again in overnight trade as political rumours continued to swirl but faded as officials attempted to downplay the election/sales tax delay talk.“ “USDJPY may slip a little more below 115.00/10 but we expect the USD to find firmer support at or close to 114.00/10. We think the broader trend in USDJPY remains higher.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
India Industrial Output increased to 2.5% in September from previous 0.4%0 Read more in Forex News [/b] OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD/CAD softer near 1.1310 FXStreet (Edinburgh) - The greenback is losing the grip vs. its Canadian counterpart on Wednesday, dragging USD/CAD to the lower band of the range around 1.1315/10. USD/CAD supported at 1.1300 Apathetic first half of the week for the pair so far, with no relevant releases in both Canada and the US. Spot continues to meander between 1.1300 and 1.1400 in response to the lack of relevant catalysts, while market participants wait for the weekly report on the US labour market and the BoC Review, both due tomorrow, and Retail Sales and the Reuters/Michigan index to be published on Friday. USD/CAD levels to watch The pair is now losing 0.05% en 1.1321 with the immediate support at 1.1300 (psychological level) ahead of 1.1294 (Tenkan Sen) and then 1.1264 (low Nov.3). On the upside, a breakout of 1.1359 (high Nov.12) would target 1.1402 (high Nov.11) en route to 1.1450 (high Nov.7). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
BOE’s QIR pushes GBP down - TD Securities FXStreet (Barcelona) - Paul Fage, Senior Emerging Markets Strategist at TD Securities notes that the dovish tone of the BOE’s inflation report were the prime catalyst to push GBP to set new lows for the day. Key Quotes “GBP initially received some support from the employment data, having traded down against USD prior to the release. Although the unemployment rate was a bit higher than expected, it was the upside surprise in earnings growth which really caught the market’s eye. However, the dovish tone to the BOE inflation report caused GBP to trade back down to set new lows for the day. GBP is now down –0.35% against USD on the day.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
UK labour market data – Initial reaction – RBS Ross Walker, Analyst at RBS notes the UK labour market data to be neutral, and sees it to be softer than expected. Key Quotes “Employment rose by 112k in the 3-months to September, a little below forecasts (consensus: 125k, RBS: 130k), though there was a very wide range of City forecasts (35k-245k). This is a fairly solid outturn (growth of 0.4% 3m/3m, 2.3% 3m y/y), though the detail of the employment data hint at some moderation, as previous out-sized gains from self-employment reverse (-88k in latest 3 months).†“By and large, 'more of the same' UK labour market data. The employment data were marginally softer than expected, though still robust in an absolute sense, while wage inflation was fractionally above forecasts but still anaemic in any absolute sense (still running below CPI inflation).†“Overall, a broadly neutral set of data. Perhaps the uptick in wage inflation will leave the 'hawks' feeling vindicated but, against this, the more telling developments may be moderating employment growth and average working time and some signs slowing growth in vacancies.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
EUR/GBP rebounds to 0.7850 FXStreet (Edinburgh) - After challenging the 0.7800 key support, EUR/GBP has now reverted the decline and is posting fresh session highs in the 0.78500 neighbourhood. EUR/GBP boosted by BoE The renewed weakness around the pound is allowing the current rebound in the cross following the key BoE’s Quarterly Inflation Report. The central bank remained apathetic regarding the first rate hike, although it stressed that inflation risks are broadly balanced and expectations anchored. The BoE also revised lower its GDP growth forecast for 2015 to 2.9% from 3.1%, mainly due to the euro zone fragile condition. On the critical wage growth subject, Carney argued its recovery will continue pari pasu with the improvement in the labour market. EUR/GBP relevant levels As of writing the cross is up 0.08% at 0.7844 with the immediate resistance at 0.7864 (high Nov.6) followed by 0.7875 (21-d MA) and finally 0.7885 (high Oct.31). On the downside, a breach of 0.7799 (low Nov.6) would open the door to 0.7791 (low Oct.2) and then 0.7767 (2014 low Sep.30). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Carney: UK inflation outlook is materially lower FXStreet (London) - "Main development is that inflation outlook is materially lower. It's more than likely I'll have to write to the chancellor" – Bank of England governor Mark Carney speaking on the release of the Quarterly Inflation Report. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
GBP/USD Forecast: focus on wages FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet comments that the GBP/USD pair saw a short term downward spike to 1.5880 after UK employment figures, as the report shows both, unemployment rates and jobless claims missing expectations. Key Quotes The BOE is about to release its quarterly inflation report, which means things can turn as sudden as it did earlier, but at this point, seems Pound may continue rising against the greenback." The 4 hours chart shows price advancing above a mild bullish 20 SMA that currently converges with the mentioned daily low, whilst indicators hold in positive territory, lacking strength at the time being. Price advances towards the week low posted late US session yesterday of 1.5944, so it will take an upward acceleration above 1.5950 to confirm further gains, eyeing first 1.5990 price zone, and later 1.6020/30. The downside seems now more limited, as it will take a break below mentioned 1.5880 to see the pair turning intraday bearish towards recent lows in the 1.5820/30 price zone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 12, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
OctaFX.Com - MASSIVE Spread Reduction at OctaFX! This is a revolution in lowering the spreads that happened in OctaFX! We have reduced major currency spreads! Now you can enjoy trading with as low as 0.2 pip spreads. Theyve never been that tight. Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.Com - MASSIVE Spread Reduction at OctaFX! This is a revolution in lowering the spreads that happened in OctaFX! We have reduced major currency spreads! Now you can enjoy trading with as low as 0.2 pip spreads. Theyve never been that tight. Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Kuroda aimed for a surprise-driven decline in Yen - Nomura FXStreet (Barcelona) - Richard Koo, Chief Economist at the Nomura Research Institute notes that the additional easing measures unveiled by the BOJ on 31 October were made by an official well versed in currency intervention, and also used to dealing with investors and speculators. Key Quotes “Mr. Kuroda previously handled forex interventions when he was at the Ministry of Finance, and his methods appear to have carried over to the BOJ. The 31 October announcement emphasized the element of surprise.†“According to the Nikkei, an inner circle of staff was tasked with preparing for the announcement in strict secrecy because Kuroda feared that any leaks would greatly reduce its impact. This attempt to maximize the surprise is precisely how currency interventions are conducted and is an important part of timing them for maximum impact.“ “When the forex market is dominated by hot money flows, the policy effect of intervention can be enhanced by surprising the investors and speculators responsible for those flows. Speculators in particular are taking risk with their own money, and an unexpected event can force them to close out positions, thereby changing the market’s direction.†“In contrast, when exchange rates are determined largely on the basis of real demand from importers and exporters, the impact of any intervention is necessarily limited since their behavior is unlikely to change in response to surprise actions by the authorities.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 11, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD/JPY fails to hold above 116.00dollars! - Investec FXStreet (Córdoba) - USD/JPY printed a fresh 7-year high at 116.09 during the European session but lost momentum and pulled back below 116.00 as the US dollar weakened in the market. The pair failed to hold on top off 116.00 and ahead of Wall Street opening dropped to 115.54. Stock futures point to a positive opening in the US, while European markets are also rising. USD/JPY levels to watch The area around 115.50/55 is the immediate support level to consider, below here the next comes at 115.10 and 114.60 (daily low). To the upside, 116.00 continues to offer resistance. Despite moving off daily highs, USD/JPY still holds more than 50 pips above yesterday’s closing price, headed toward the highest daily close since October 18, 2007. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 11, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
The theme of Friday set to continue – selling dollars! - Investec FXStreet (Barcelona) - The Investec Research Team notes that with little to keep the markets occupied it would appear that Friday’s volatility is set to continue. Key Quotes “Yesterday’s main events were speeches made to the CBI by David Cameron and Ed Milliband who both for once seemingly agreed on something along with the business leaders in the audience, and that was leaving Europe would be bad for the UK’s prosperity and ‘would close us off from the rest of the world’.†“However despite the uproar over the EU demand for an additional UK financial contribution to the EU, after UK GDP was revised up over recent years, it would seem with many UK politicians still favour EU membership.†“Today sees a quiet day on the data front with the NFIB small business optimism survey the only release of note. With little to keep the markets occupied it would appear that the theme of Friday is set to continue – selling dollars!†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 11, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Natural Gas declines on Profit booking FXStreet (Mumbai) - Natural gas prices declined extending the sharp losses witnessed on Monday on profit booking after prices rallied for ten consecutive sessions. Natural Gas for December delivery is trading at USD 4.164/mmbtu, compared to the previous session’s close of USD 4.255. Moreover, prices saw gains of almost 23% in ten-straight sessions as investors rushed to buy contracts due to the looming onslaught of fiercely cold weather over much of the U.S. in the next two weeks. However, many analysts believe that the rally was overdone and that the supplies would be enough to get through the peak demand season. Analysts are also projecting another strong rise in supplies this week. Natural Gas Technical Levels Natural Gas is trading near an immediate support located at 4.154, under which the prices can fall to 4.10. Meanwhile, a breach of the immediate resistance at 4.199 could lead to a re-test of 4.247. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Nov 11, 2014 OctaFX.Com News Updates