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Lower crude oil prices beneficial for Japanese economy - RBS FXStreet (Łódź) - Junko Nishioka, Chief Economist at RBS discusses the possible impact of the dropping oil prices on the Japanese economy. Key quotes "Lower crude-oil prices will improve trade income, strengthen corporate profits via reduced input costs, and lighten the household burden for the Japanese economy that relies on imports for almost all of its resources." "Specifically, we estimate that a 20% decline in the crude-oil price will boost trade income by about JPY4tn and corporate recurrent profit by 11%." "Benefits of lower crude-oil prices differ for industries, and we expect upstream industries with extensive intermediate input, such as basic chemicals and other petroleum-related products, to benefit most." "We also envision a lighter burden on households, the final demand sector, on the simple assumption that companies can reduce output prices by half from the input cost savings." "We believe this can return to the economy at least one-third of lost disposable income from the FY14 consumption tax hike, as well as cushion future tax increases from tax system revisions and rising social entitlement costs. Indeed, we expect a favourable overall impact on real economic activity from lower crude-oil prices." "At the same time, a sudden steep drop in crude-oil prices will contribute to downward pressure on prices and may generate concerns about a delay in reaching the 2% inflation target." "Yet, if crude-oil prices stay at current levels, we anticipate only a 0.1-0.2pp downward shift in the core CPI from our existing main scenario." "We thus do not foresee crude-oil prices significantly delaying the realization of the 2% target, and doubt the BoJ will find it necessary to substantially lower its inflation outlook – even if it needs to reduce growth rate projections – in its end-October Outlook Report." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 21, 2014 OctaFX.Com News Updates

OctaFX.com-cTrader Weekly Demo Contest Round 1 is over! The first round of our new cTrader Weekly Demo Contest is finished! It has been a week of traders trying out our innovative cTrader platform while competing for real prizes! We are happy to confirm that among 1518 participants, 836 finished this round in profit! The number of profitable trades is twice as much as the losing trades – 12 306 against 6 301. Moreover, our first place winner performed the most profitable trade of the contest! OctaFX congratulates five winners and awards the following prizes: 1st place with the award of 150 USD goes to Mr. Ravindran Selvaraj from India 2nd place with the award of 100 USD goes to Mr. Habil Ishak from Indonesia 3rd place with the award of 75 USD goes to Mr. Rizwan Ahmed from Pakistan 4th place with the award of 50 USD goes to Mr. Viet Dang from Vietnam 5th place with the award of 25 USD goes to Mr. Vjaceslavs Zaicevs from Latvia We thank every trader for participation. The next round of cTrader Weekly demo contest starts in a week – it’s high time to register and win prizes from OctaFX! 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!

NZD/USD breaks above 0.7960 FXStreet (Córdoba) - The US dollar is falling on Monday against commodity currencies despite risk aversion. NZD/USD/strong> recently broke above 0.7960 reaching a fresh daily high. The pair opened the week steady and dropped to 0.7914 (daily low) during the Asian session but then rebounded, and since then moved with an upside bias. The 0.7960 area capped the upside and become an important short term resistance. The pair hit a fresh high at 0.7971 and remains near the lows. The kiwi still holds a bullish bias in the short term, after posting the on Friday the second weekly gain a row, as it continues to recover from 1-year lows. The next key resistance area lies around 0.8000, that capped the upside last week. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

GBP/USD attacks 1.6150 again; 1.6185 next frontier FXStreet (San Francisco) - After a brief rejection from the 11-day high at 1.6153, the GBP/USD is reassuming its upside move from 1.6080 as the pair is now retesting the 1.6150 level again. The move is being fueled by a weak dollar trade in the European session. Ahead of the American opening, GBP/USD is trading at 1.6139, up 0.29% on the day, having posted a daily high at 1.6153 and low at 1.6080. GBP/USD sentiment “The GBP/USD trades at its daily high after finally breaching above 1.6125, level that contained the upside for most of these last 2 weeks,” comments Valeria Bednarik from FXStreet. “The upside is favored with 1.6185 as next target once the daily high gives up.” If the pair manages to break above 1.6150, next resistances are at 1.6155 (21-d MA) followed by 1.6200 (50% of 1.6525-1.5875) and Oct. 09 high at 1.6225. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

USD/CAD in narrow range around 1.1250 FXStreet (Edinburgh) - The US dollar is sidelining vs. its fellow neighbor on Monday, taking USD/CAD to a tight range between 1.1260 and 1.1280 so far. USD/CAD eyes on the BoC The pair has started the week almost unchanged, looking to consolidate the recent decline after posting multi-year tops in the boundaries of 1.1400 the figure last week. Currently meandering around the mid-1.1200s, the main events for the CAD ahead in the week will be the BoC monetary policy meeting on Wednesday, followed in importance by Retail Sales. From the other side of the border, US housing data, CPI figures and manufacturing gauges will add to the potential catalysts. Shaun Osborne, Chief FX Strategist at TD Securities, commented, “dips to the 1.1220/30 were well-supported last week and firm, underlying trend momentum suggests limited downside for the market initially this week at least. From here, we might need a break below 1.12 or above 1.14 to get a better sense of direction”. USD/CAD important levels The pair is now retreating 0.13% at 1.1262 facing the next support at 1.1234 (Tenkan Sen) followed by 1.1211 (low Oct.17) and finally 1.1205 (23.6% of 1.0620-1.1385). On the upside, a break above 1.1294 (high Oct.20) would target 1.1360 (high Oct.16) en route to 1.1385 (2014 high Oct.15). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

Speculators reduce bullish bets on WTI Crude FXStreet (Mumbai) - The bullish bets on Crude prices stand at six week low as the Crude prices fell into a bear market territory over the last four months. Speculators and money managers reduced net-long positions in West Texas Intermediate by 8.1 percent in the week ended Oct. 14. Meanwhile, the Commodity Futures Trading Commission (CFTC) data showed, short crude positions jumped to the highest level in 22 months. However the CTC data comes with a one-week delay, thus the positioning may have changed in the last week after major investment banks predicted the rout may be over. As per Stephen Schork, president of Schork group, “The market has found an area of support around $80”. WTI Crude is trading 0.40% higher today at USD 82.39/barrel, down from a high of USD 82.73/barrel hit earlier today. WTI Crude Technical levels WTI Crude has an immediate resistance of 84.78, above which prices can test 86.00 levels. On the other hand, Crude may re-test 80 levels if the prices fail to sustain above 82.00 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

USD/JPY drops below 107.00 FXStreet (Córdoba) - The US dollar erased all gains versus the Yen and closed a bullish gap. USD/JPY failed to hold above 107.00 and after breaking below 106.92 (previous low) fell to 106.82, reaching a fresh daily low. Price remains near the lows holding bearish momentum as stocks in Europe drop further, favoring the yen in the market. The pair is trading back at the same level it closed Friday, after erasing all gains. USD/JPY levels to considerer To the upside, immediate resistance lies at 107.17/20 (area that capped the recent rebound from 106.92) and above here at 107.35/40 (daily high), followed by 107.60. On the opposite direction support might lie 106.80 and below here at 106.55 and 106.30. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

EUR/USD lacks momentum FXStreet (Córdoba) - EUR/USD continues to trade within a familiar range Monday as the dollar remains broadly unchanged in a quiet start to the week. In line with expectations Eurozone data failed to inspire EUR/USD, which despite recovering from a low of 1.2729, lacked momentum and remained capped by 1.2780 on the upside. At time of writing, the pair is trading at the 1.2765 area, just a few pips higher on the day. With no first-tier data scheduled for this week in the euro area, markets will be watching closely for any official ECB announcement on covered bond buying. EUR/USD technical levels As for technical levels, immediate resistances for EUR/USD line up at the 1.2835/45 area (Oct 17 & 16 highs), followed by 1.2882 (Oct 15 high) and 1.2900 (psychological level). On the flip side, supports could be seen at 1.2730 (intraday low), 1.2704/00 (Oct 16 low/psychological level) and 1.2623 (Oct 15 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

EUR/USD lacks momentum FXStreet (Córdoba) - EUR/USD continues to trade within a familiar range Monday as the dollar remains broadly unchanged in a quiet start to the week. In line with expectations Eurozone data failed to inspire EUR/USD, which despite recovering from a low of 1.2729, lacked momentum and remained capped by 1.2780 on the upside. At time of writing, the pair is trading at the 1.2765 area, just a few pips higher on the day. With no first-tier data scheduled for this week in the euro area, markets will be watching closely for any official ECB announcement on covered bond buying. EUR/USD technical levels As for technical levels, immediate resistances for EUR/USD line up at the 1.2835/45 area (Oct 17 & 16 highs), followed by 1.2882 (Oct 15 high) and 1.2900 (psychological level). On the flip side, supports could be seen at 1.2730 (intraday low), 1.2704/00 (Oct 16 low/psychological level) and 1.2623 (Oct 15 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

Banks start to charge customers for deposits in euro - Investec FXStreet (Łódź) - Jonathan Pryor, Corporate Treasury Analyst at Investec observes that following ECB's introduction of negative deposit rates some large global banks have begun to charge their clients for holding cash in euros. Key Quotes "This is the first glimpse of the trickledown effect of the ECB's recent move to negative deposit rates (negative deposit rates mean banks are paying to park their money with the ECB)." "The policy is designed to encourage banks to instead lend that money out to benefit the economy." "After an initial move to negative deposit rates earlier this year, the ECB lowered the rate further in September, leading to some banks now pushing those costs onto customers." "This could be the catalyst for the next move lower in the Euro, as wealthy individuals and larger corporations may choose to heavily reduce Euro holdings to avoid the costs." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

Banks start to charge customers for deposits in euro - Investec FXStreet (Łódź) - Jonathan Pryor, Corporate Treasury Analyst at Investec observes that following ECB's introduction of negative deposit rates some large global banks have begun to charge their clients for holding cash in euros. Key Quotes "This is the first glimpse of the trickledown effect of the ECB's recent move to negative deposit rates (negative deposit rates mean banks are paying to park their money with the ECB)." "The policy is designed to encourage banks to instead lend that money out to benefit the economy." "After an initial move to negative deposit rates earlier this year, the ECB lowered the rate further in September, leading to some banks now pushing those costs onto customers." "This could be the catalyst for the next move lower in the Euro, as wealthy individuals and larger corporations may choose to heavily reduce Euro holdings to avoid the costs." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 20, 2014 OctaFX.Com News Updates

OctaFX.com-OctaFX cTrader Weekly Demo Contest! The main aim of the competition remains the same while environment changes: trade your cTrader demo account and end the week in highest profit to receive the prize from OctaFX. The contest round lasts one week – from Monday Market opening to Friday Market closing! Prize fund of $400 is distributed between five lucky traders. Prize fund of $400 is distributed between five lucky traders: 1st place winner is awarded with 150 USD 2nd place winner is awarded with 100 USD 3rd place winner is awarded with 75 USD 4th place winner is awarded with 50 USD 5th place winner is awarded with 25 USD Current update Next round Registration: Oct 13, 2014 00:00 - Oct 27, 2014 00:00 Duration: Oct 27, 2014 00:00 - Nov 1, 2014 00:00 Contest rules and regulations! 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!

DJIA likely to end down for the fourth consecutive week FXStreet (Mumbai) - The US Equity markets are trading strong today, despite which the DJIA is likely to end lower for a fourth consecutive week. The index is currently trading 156 points up at 16,273, having recovered from a low of 15,853 hit yesterday. However, the index will have to rise 243 points more in order to avoid a negative weekly closing. The Equity markets rallied since yesterday on hopes that the Federal Reserve (Fed) may extend its bond buying program beyond the schedule in order to support the economy. The Index details reveal a strong performance from bank stocks. JP Morgan and Goldman Sachs are trading higher by 1.26% and 2.36% respectively. Meanwhile, General electric is the biggest gainer so far, up 3.4%. Except Walmart and Coca cola, which are down by 0.80% and 0.51%, respectively, all other stocks are trading in the green. Moreover, the DJIA is likely to finish the week lower since the markets lack fresh triggers going into the weekend. The dovish talk from the Fed official Bullard and a strong factory output data released yesterday has been priced-in by the markets. So far, the housing data released today has not created much of an impact on the financial markets. DJIA Technical levels The index has an immediate resistance of 16,333 levels. A weekly close above the same may see the index rising to 16,500 levels next week. On the other hand, prices may fall back to 16,000 levels if the index fails to rise above 16,333 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17, 2014 OctaFX.Com News Updates

US Equity futures point to a strong opening FXStreet (Mumbai) - The US Equity futures have gained strength tracking the gains in the European equity markets. The DJIA December futures are trading 1.01%h higher at 16, 176, while the S&P December futures are trading 1.20% higher at 1872.95. Meanwhile, the ten-year treasury yield in the US is trading steady around 2.19%. Moreover, the US index futures have strengthened on speculation that the Federal Reserve may support economic growth with more stimulus, while Morgan Stanley and General Electric Co. reported better-than-estimated profits. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17, 2014 OctaFX.Com News Updates

AUD/USD hit fresh highs above 0.8800 FXStreet (Córdoba) - AUD/USD rose to 0.8811 and printed a fresh daily highs, slightly below yesterday’s strongest levels. Reports mentioned that the central bank of China was going to inject up to 200 billion yuan into banks. The aussie rose across the board afterwards but then pulled back. Currently trades at 0.8791, almost 50 pips above the level it closed yesterday, supported by risk appetite as stocks rise sharply in Europe and Wall Street futures point to a strong opening. AUD/USD rangebound The pair had volatile days but remains inside last week range. To the downside, the area above 0.8650 capped the decline while to the upside price peaked at 0.8863, below 0.8898, where last week highs lie. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17, 2014 OctaFX.Com News Updates

Fed's Yellen: Economic inequality continues widening in the US FXStreet (Łódź) - Speaking at the Boston Fed economic conference on Inequality of Economic Opportunity president Janet Yellen doesn't comment on monetary policy in her prepared remarks. • She expresses her grave concern about the extent and growth of income inequality in the US and asks whether this is compatible with American values The widening of inequality, which halted during the recession has resumed in recovery. • U.S. is one of the few advanced economies that does not fund public education through national taxes. • Economic mobility is lower in the US than in most advanced economies. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17, 2014 OctaFX.Com News Updates

Canada: CPI (Sep) rose 2.0% YoY FXStreet (Edinburgh) -Headline consumer prices in Canada rose at an annual pace of 2.0% during September, in line with expectations. On a monthly basis prices gained 0.1%, matching forecasts. Core prices, gauged by the Bank of Canada, rose 2.1% over the last twelve months and 0.2% inter-month. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17, 2014 OctaFX.Com News Updates

India Bank Loan Growth climbed from previous 9.7% to 11% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 17, 2014 OctaFX.Com News Updates

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Fed's Lockhart: Situation on labor market not stable yet FXStreet (Łódź) - Speaking in New Jersey on Thursday Atlanta Fed President Dennis Lockhart didn't touch upon monetary policy but concentrated on the situation on the US labor market, which in his opinion is still far from normal. He suggested that with the strengthening of the economy the use of part-time workers should be declining, although the preference for such workers will remain. Lockhart also pointed to the need of workers adapting to the technological developments on the labor market and the progressive automation. “If you accept as reality the persistence and growth of automation, robotics, production algorithms and digitization in general, I don’t think it’s difficult to imagine what jobs will increasingly require as hard skills and, consequently, what strategic workforce development will entail,” he said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 16, 2014 OctaFX.Com News Updates

US Equity futures down 1%, point to a weak opening FXStreet (Mumbai) - The US Equity futures are trading weak, tracking the fall in the European and the Asian equity markets. The DJIA December futures are trading 1.065 lower at 15,838 levels. Meanwhile the S&P December futures and the Nasdaq December futures have lost 1.20% and 1.23% respectively. The fall in the equity markets may continue ahead as the S&P 500 Volatility Index (VIX) October future contract is trading 7.11% higher at 25.685 levels. The US Equity futures did recover some losses after the official data in the US showed Initial jobless claims for the week ended Oct 11 fell to their lowest level in 14 years. However, the underlying tone appears bearish as indicated by the rising VIX futures. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 16, 2014 OctaFX.Com News Updates

USD/JPY finds support at 105.50 FXStreet (Córdoba) - USD/JPY fell sharply throughout the European session and slid back below 106.00 as the yen remains in demand across the board, with EUR/JPY having scored a fresh 2014 low. USD/JPY retreated from a daily high of 106.32 and stretched to a low of 105.50 before finding support and recovering slightly. At time of writing, the pair is trading at 105.85, still 0.13% below its opening price. Next on tap, US will release last week’s initial jobless claims and September’s industrial output. USD/JPY technical levels As for technical levels, USD/JPY could find next supports at 105.20 (Oct 15 low), 105.00 (psychological level) and 104.87 (Sept 8 low). On the flip side, resistances are seen at 106.32 (intraday high), 106.97/107.00 (100-hour SMA/psychological level) and 107.48 (Oct 15 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 16, 2014 OctaFX.Com News Updates

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US: Retail Sales (Sep) dropped 0.3% FXStreet (Edinburgh) - The Commerce Department has informed that US retail sales have contracted 0.3% MoM during September. Ex autos, sales have also dropped 0.2%. Both prints missed estimates at -0.1% and 0.3%, respectively... OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 15, 2014 OctaFX.Com News Updates

CAC declines from a technical resistance FXStreet (Mumbai) - The French equity index declined after having failed to sustain above the 5-day moving average level of 4088. The Cac is trading 0.70% lower at 4059.80, in line with its European peers. The index had briefly rose above 4088 levels, to hit a high of 4096. However, the index faced rejection at the 5-day average level post which prices slumped to a day’s low of 4041.30. The Index details indicate that the fall has been led by Oil and Gas stocks which have declined by 0.5%. Utlities, Automobile and Banking stocks have shed 1%, 0.85%, and 0.77% respectively. Lending some support to the index are the food producers which are up by 2.98%. Cac Technical levels The Cac has an immediate resistance of 4088-4096 levels, above which the index can re-test 4109 levels (Aug 8 lows). On the flip side, the Cac can re-test 4012 levels if the day’s low of 4041 is taken out. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 15, 2014 OctaFX.Com News Updates