OctaFX_Farid

OctaFX.Com - No-Deposit Bonus 8 USD + 50% Bonus on each deposit OctaFX .com Octa Markets Incorporated is a worldwide recognized forex broker. OctaFX provides forex brokerage services to its clients in over 100 countries of the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. OctaFX sets the highest service level standards and maintains them as well as constantly develops new services and promotions. We are Regulated: Start your successful trading with OctaFX today Customer Support and contact details [email protected] [email protected] [email protected] China Toll Free Phone 4001-200970 Indonesia Toll Free Phone 001-803-015-203-9780 Malaysia Toll Free Phone 1-800-815-304 Belgium +32 2792 4855 © 2012 Octa Markets Incorporated Business license no. 19776 IBC 2011 Legal Address: Cedar Hill Crest, Villa, Kingstown, St. Vincent and the Grenadines

USD/CAD rises to 4-month highs FXStreet (Córdoba) - Greenback has been rising against the loonie since the beginning of the day and recently reached the highest price since April 25. USD/CAD started Thursday trading around 1.0935 and moved slowly but always to the upside. The pair rose back above 1.1000, made a pause around 1.1020 and recently broke above and climbed to 1.1043 (daily high). Currently trades at 1.1033/36, up 0.90% for the day so far. USD/CAD outlook “messy” According to the Rates, FX and Commodities Research Team at TD Securities the pair is starting to look messy on the long term charts. “Price action this week—Monday’s rally, Tuesday stall and yesterday’s sell-off—should signal a major top in place at 1.1025/30 via an “evening star” reversal. But the USD has come back well bid this morning and is making new cycle highs.” “With trend momentum positive and the market apparently brushing off bearish price action with some ease, upside risks are growing again”, the TD Securities Team mentioned. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

Gold breaks below $1,240 FXStreet (Córdoba) - Spot gold continued to slide and fell to the lowest in 8 months below $1,240/oz. The yellow metal broker earlier below $1,240, dropped to $1,238 but then bounced to the upside $10, only to resume the decline afterwards. Recently bottomed at $1,235/oz, a level not seen since January 23. The price of the gold is falling for the fourth day in a row. XAU/USD breaks important support A consolidation below the $1,240 zone could be a significant event from a technical perspective: the mentioned area capped the downside during May and June. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

Pound continues pricing in a 'no' vote in Scotland - FXStreet FXStreet (Łódź) - As FXStreet Chief Analyst Valeria Bednarik suggests, the reports of the scales having turned in favor of a 'no' vote in the Scottish independence referendum caused the GBP/USD to rise, reaching 1.6270 so far today. Key quotes "The 1 hour chart shows price well above a bullish 20 SMA, with momentum heading higher above 100 and RSI retracing some from overbought territory." "In the 4 hours chart technical readings are biased higher, with a break above 1.6280, mentioned Fibonacci resistance, favoring a quick run towards 1.6320 price zone, where it will finally fill the weekly opening gap." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

Dollar eases against its rivals - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that the USD is weaker on Thursday, with the EUR/USD trading close to 1.2950, several pips below yesterday's high. Key quotes "News shown US weekly unemployment claims picked up above 300K weighting on the American currency, but so far movements seem more corrective than a trend chance." "Technically, the 1 hour chart shows a mild positive tone, with indicators heading north above their midlines and price above both, 20 and 100 SMAs, in the 1.2925 price zone." "In the 4 hours chart momentum remains strong above 100 despite price is unable to follow through, while 20 SMA stands flat in the 1.2920 area." "Further gains may extend up to 1.2990/1.3000 price zone, yet bearish pressure is expected to resume if the area is reached." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

Credit Agricole: EUR should weaken throughout Q4 - eFXnews FXStreet (Łódź) - The eFXnews team reports that Credit Agricole sees the euro declining further towards the end of the year, as the ECB's focus has fallen on Eurozone's external competitiveness. Key quotes "Combined with reserve-rebalancing pressures, EUR/USD should decline to 1.28 during Q4." "From a pure currency perspective, the latest ECB policy turn is likely to drive an even greater ‘yield-wedge’ between EUR, USD and other core currencies." "With a majority of investors surprised by this greater ECB determination to lift Eurozone competitiveness, such selling pressure should prove relatively consistent." "In terms of the external sector, ECB policy actions will also amplify the negative impact of central bank reserve-recycling upon EUR." 'This content has been provided under specific arrangement with eFXnews.' OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

USD/JPY can't hold above 107.00 and falls to 106.60 FXStreet (San Francisco) - After reaching fresh highs since September 2008 at 107.15, USD/JPY found selling interest at this area as the pair was unable to maintain the 107.00 figure and it's trading now back around 106.60. Currently, USD/JPY is trading at 106.74, down 0.10% on the day, having posted a daily high at 107.15 and low at 106.60. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index also is neutral. USD/JPY sentiment "Exporter and option related offers are still intact up to 107.20," comments Matt Bacon-Hall from FXBeat. "As someone who has had the misfortune of trading spot USD/JPY for years this is fairly typical." "Overall the market is bid yet the offers on the way up can be quiet large and frequent." "More offers lie 107.40-50, whilst bids commence at 106.90 from intra day players," concludes Matt. On the downside, next supports lies at 106.60 ahead of 106.40 and 106.00. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

Bank of England addresses Bitcoin questions FXStreet (London) - In its Quarterly Bulletin, the Bank of England(BoE) has released two papers looking at the emergence of digital currencies such as Bitcoin. Rather than the debate over the nature of the currencies themselves and their volatile behaviour, paper on “Innovations in payment technologies and the emergence of digital currencies” instead looks at the decentralised nature of the currencies and the “distributed ledger” technology which allows payments to operate without banking intermediaries – including central banks like the BoE. The second piece on “The economics of digital currencies” looks at the “moneyness” of digital currencies. It argues that while digital currencies could, in theory, serve as money for anybody with an internet-enabled device, at present they serve the roles of money only to a limited extent and only for relatively few people. The BoE paper estimates that as few as 20,000 people in the United Kingdom currently hold any bitcoins, and that as few as 300 transactions may be conducted by those people per day. The article also argues that the economics of the schemes, as currently designed, pose significant challenges to their widespread adoption: - At a microeconomic level, a key attraction of some digital currency schemes at present is their low transaction fees. But the incentives embedded in the current design of digital currencies mean that these fees may eventually need to rise significantly, as usage grows. - At a macroeconomic level, most digital currencies, as currently designed, incorporate a predetermined path towards a fixed eventual supply – a feature which, in a purely hypothetical scenario in which the digital currency were used as the predominant form of money, would likely cause greater volatility in prices and real activity due to the inability of the money supply to vary in response to aggregate demand. The BoE article concludes that: Digital currencies do not currently pose a material risk to monetary or financial stability in the United Kingdom, given the small size of such schemes. For instance, it is estimated that there is less than £60 million worth of bitcoins circulating within the UK economy, which represents less than 0.1% of sterling notes and coin and only 0.003% of broad money balances. [While} potential future risks to monetary and financial stability but notes that while conceivable, these risks could only emerge if the size of the schemes were to grow significantly. The Bank continues to monitor digital currencies and the risks they pose to its mission. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

High yielders remain under pressure - TD Securities FXStreet (Łódź) - The TD Securities team of analysts discuss the reasons for the recent drop in the AUD and the NDZ. Key quotes "NZD took a beating following the release of a dovish RBNZ statement, one that pushed expectations for the next rate hike further into the future." "The Kiwi is the worst performer amongst the majors today, as NZD/USD trades at 0.8177." "The AUD, on the other hand, was flattered by a massive upside surprise in August employment, which printed at 121K vs. market expectations for a 15K reading." "However, the initial move higher in AUD/USD has retraced in part as the market digested the details of the report — which showed the bulk of the gain was due to part-time employment, but also upon reflection that this report, although it might put to bed speculation of a rate cut by the RBA, still does not bring a rate hike any closer." "Hence, AUD/USD is trading lower at 0.9130, close to yesterday intraday lows." "A continued decline in commodity prices adds to downward pressures on these high yielders and reinforces the recent market dynamics we highlighted yesterday, which seem poised to extend the unwinding of carry trades on the likes of AUD and NZD." "Between the two, the former appears to have the upper hand on the latter, and AUDNZD will likely trade higher into the mid-upper 1.12 area over the next few weeks, in line with our year-end target." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 11, 2014 OctaFX.Com News Updates

OctaFX.com-Economic Calendar,Forex Calculator and more available at OctaFX.com! Dear clients! Whenever you need market information, a forex calculator or the time of the important news release – it’s all here for you: Forex Calculator - a very useful tool for all the traders out there. It allows calculating required margin, pips price and many other parameters. Economic Calendar – a must-use tool for any trader. It lists all the important news releases for the upcoming week. Real Time Live Quotes – quotes for all the OctaFX forex currency pairs are available on this page so you always know the current rates And a lot of other important information for you is now available in the Markets sectionof OctaFX.com. We are proud to be providing top forex brokerage services to our clients all around the world. Stay tuned for the news and updates from OctaFX! Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day. Thank you for choosing OctaFX as your top-notch Forex Broker. Open account today and enter the world of requote-free trading and the fastest execution!

OctaFX.com-Economic Calendar,Forex Calculator and more available at OctaFX.com! Dear clients! Whenever you need market information, a forex calculator or the time of the important news release – it’s all here for you: Forex Calculator - a very useful tool for all the traders out there. It allows calculating required margin, pips price and many other parameters. Economic Calendar – a must-use tool for any trader. It lists all the important news releases for the upcoming week. Real Time Live Quotes – quotes for all the OctaFX forex currency pairs are available on this page so you always know the current rates And a lot of other important information for you is now available in the Markets sectionof OctaFX.com. We are proud to be providing top forex brokerage services to our clients all around the world. Stay tuned for the news and updates from OctaFX! Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day. Thank you for choosing OctaFX as your top-notch Forex Broker. Open account today and enter the world of requote-free trading and the fastest execution!

USD supported by prospects of hawkish Fed - Scotiabank FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank, notes that the Federal Reserve is expected to make a hawkish shift next week, which is supporting the USD. Key Quotes "The upcoming September 17th Fed meeting and building expectations that the Fed will make a hawkish shift is supporting a broad strengthening in the USD". "The Fed's forward guidance (that interest rates will be on hold for a considerable time after the asset purchase program ends) is expected to be changed; likely to a line that ties the expected path of interest rates to developments on inflation, employment and financial market conditions". "This shift would highlight an increasingly hawkish Fed and likely support the USD further, particularly against currencies whose monetary policy is diverging from the U.S., including JPY and EUR". "For currencies like CAD the impact of a more hawkish Fed is more complicated. Currently, the Fed Funds market is pricing in the first interest rate hike in July 2015; with a second in October 2015 and closing 2016 with rates at 1.75%. As the San Francisco Fed paper suggests this is slightly less aggressive than what the June FOMC SEP suggested, putting increased pressure on these forecasts as well". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

GBP/USD recovers ground but doesn't get too far FXStreet (Córdoba) - GBP/USD has managed to recover ground and even posted fresh daily highs after falling to fresh 10-month low amid jitters ahead of the Scottish independence vote. GBP/USD hit a low of 1.6051 during the European trade, but its has been on recovery mode ever since, recovering more than a full cent and climbing as far as 1.6169 in recent dealings. At time of writing, Cable is trading at 1.6145, up 0.25% on the day. Even BoE Governor Carney has addressed Scottish independence referendum during Inflation Report Hearing. He said that once borders are put in place, economic borders tend to build up and that central bank could not be a credible lender of last resort if it does not issue currency and went through the difficulties of adopting the pound unilaterally. GBP/USD technical outlook Valeria Bednarik, chief analyst at FXStreet notes that Cable holds a quite neutral technical stance in short-term charts. A rally above 1.2150 “should favor a continued advance towards 1.6200 area, 23.6% retracement of the latest bearish run”. Bednarik locates next resistance levels at 1.6205, 1.6240 and 1.6285, while supports are seen at 1.6100, 1.6060 and 1.6020. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

BoE's Carney grilled about possible implications of Scotland becoming independent FXStreet (Łódź) - As expected, BoE governor Mark Carney and other MPC members who testified on Wednesday before the UK Parliament's Treasury Committee on the August BoE inflation report, were mainly asked about the possible consequences of Scotland becoming independent. The head of the central bank suggested that if the Scots decided to maintain the pound it would be necessary to assure a free flow of people, capital, and goods between Scotland and the UK. "Once you put borders in place, economic borders tend to build up," he stressed. Moreover, Carney stated that in order to be able to function as a lender of the last resort, the independent Scottish central bank would need access to sterling reserves of about 25% of GDP. It would receive up to £15bn of UK reserves, which is approximately 12% of GDP. "BoE would take the responsibility of stabilizing the economy in transition period," the central bank head assured. He also said that a currency union would require ceding some sovereignty and that the Scottish government would have to make budget decisions "consistent with currency arrangements if adopted unilaterally." Apart from discussing the Scottish independence issue Carney said in his prepared remarks that no fixed path had been established for the bank rate and that it should remain "materially below" historical average for now. He added however that the point where rates should rise was moving closer, which prompted a EUR/USD spike. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

AUD/USD takes a breather near 5-month lows FXStreet (Córdoba) - AUD/USD managed to stabilize and entered into a consolidation phase after a 3-day selloff that led the Aussie to its lowest level in over 5 months. AUD/USD broke below the 0.9200 level and the 200-day SMA Wednesday and precipitated to a low of 0.9112 at the beginning of the European session, before finding support and settling in a range. At time of writing, AUD/USD is trading at 0.9140, 0.67% below its opening price. Australian jobs data is scheduled for Thursday’s Asian session. Consensus calls for a 12,000 job gain and jobless rate to drop to 6.3% in August. The neighbor Reserve Bank of New Zealand will decide on monetary policy, and even though no changes are expected, it could create some turbulence for the Aussie. AUD/USD technical levels In terms of technical levels, next supports for AUD/USD are seen at 0.9112 (Sept 10 low), 0.9100 (psychological level) and 0.9047 (Mar 24 low). On the other hand, resistances could be found at 0.9182 (200-day SMA), 0.9200 (psychological level) and 0.9216 (Sept 10 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

BoE's Carney: Independent Scottish central bank would need access to sterling reseves FXStreet (Łódź) - When asked about the Scottish independence referendum BoE governor Carney suggests that a free flow of people, capital, and goods would be necessary between Scotland and UK if Scots decided to keep the pound. • "Sterlingization needs credible institutions, deposit insurance." • The central bank is not necessarily a credible lender of the last resort if it is not a currency issuer, Carney says. • An independent Scottish central bank could need access to sterling reserves of about 25% of GDP in order to be a credible lender of last resort. • "Seignorage is not an option in unilateral currency adoption." • Division of debt and reserves would be a subject to negotiation. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

BoE's Carney: Point where rates should rise is moving closer FXStreet (Łódź) - Testifying before the UK Parliament's Treasury Committee on the August BoE inflation report, the central bank's governor Mark Carney says that the MPC is aiming at eliminating spare capacity. • There is no fixed path for the bank rate, Carney emphasizes. • Rates to stay "materially below" historical average. • BoE's Miles says that there is no immediate urgency to start normalizing monetary policy, while Carney says that the point where rates should rise is moving closer. • New ONS GDP revisions do not suggest less slack, Carney remarks. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

France's Industrial Output grows in July against forecasts - BNP Paribas FXStreet (Łódź) - Helene Baudchon, economist at BNP Paribas, comments on the French Industrial Production data for July, which grew 0.2% against forecasts of a 0.4% drop. Key quotes "Despite its modest size, this increase is rather a good surprise, especially given the deterioration in business confidence in the sector." "The growth prospects for Q3 remain aligned with the two preceding quarters that is nil growth." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

EUR/USD slips below 1.2900 after SNB reports FXStreet (Córdoba) - EUR/USD has come under renewed pressure sliding back below the 1.2900 level amid reports saying the Swiss National Bank is open to negative interest rates. SNB’s Moser said in a WSJ interview, the bank is ready to set negative interest rates if needed. Moser added that he couldn’t say whether the SNB would announce this at its coming meeting on Sept. 18. Following European Central Bank latest easing measures and with EUR/CHF moving dangerously close to the SNB floor of 1.2000, many analysts have been speculating whether the Swiss will take further measures aside of direct intervention to protect the floor. EUR/USD fell to a low of 1.2896 in recent dealings as EUR/CHF surged above 1.2100 on the headlines. At time of writing, EUR/USD is trading at 1.2899, 0.29% below its opening price, with its 14-month low of 1.2859 scored yesterday in sight. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

ECB's Praet: Demand an issue in weak bank lending FXStreet (Łódź) - ECB executive board member and chief economist Peter Praet said on a panel discussion at the Eurofi Financial Forum in Milan, Italy that the weakness in bank lending in the Eurozone was brought about by not only by supply problems but also by demand issues. "Both demand and supply action is needed in order to improve bank lending," Praet stressed, adding that ECB's asset quality review of Eurozone banks should have a positive impact on credit supply. Moreover, the ECB policymaker urged Member States to increase efforts to boost work force participation and stimulate productivity. He also highlighted the weak corporate investment in the euro area. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

GBP/USD extends the recovery FXStreet (Edinburgh) - After dipping to the mid-1.6000s, the buying interest turned up and is now lifting the GBP/USD back to levels beyond 1.6100 the figure. GBP/USD hurt by Scottish referendum The news/events/poll-results from the Scottish referendum (September 18th) continue to be the main drivers for the sterling so far, extending the correction lower to sub-1.6060 levels on Wednesday. There are no data releases in the British economy today, although Governor Carney’s speech before Parliament will be the major event. “We have suggested that the $1.60 area for sterling, which houses the 200-week moving average and is a key retracement objective as a reasonable target before the referendum. A "yes" vote would likely spur additional losses. Technical considerations give sterling potential toward $1.5725 as the next target. If the gap created by the September 8 sharply lower opening is a measuring gap (that takes place around halfway through a move), it would project toward $1.5100”, observed analysts at BBH. GBP/USD levels to consider At the moment the pair is up 0.10% at 1.6122 with the next hurdle at 1.6157 (high Sep.9) followed by 1.6200 (psychological level) and then 1.6270 (high Sep.8). On the flip side, a breach of 1.6003 (50% of 1.4814-1.7192) would open the door to 1.5988 (low Nov.14 2013) and finally 1.5879 (low Nov.13). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

EUR/USD pressures recent highs of 1.2950 - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that EUR/USD is correcting higher on Wednesday showing a mild positive tone in the 4 hours chart. Key quotes "Price managed to establish above its 20 SMA, now acting as the base of the latest range around 1.2920, and indicators aiming higher, having erased all of their oversold readings and about to test their midlines." "The pair seems ready to extend its upward corrective movement, eyeing now the 1.2990 area, last Friday post US NFP high." "If price manages to continue advancing and settles above 1.3000, the rally can extend up to 1.3050 over the upcoming sessions, without really harming the dominant bearish trend." "But if 1.2920 gives up, chances of such corrective movement vanish, with the pair exposed then to a retest of recent lows around 1.2859." "Below this last, an approach to the 1.2800/20 area seems likely in the short term, from where the path is quite clear towards the main bearish target of 1.2740." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

EUR/USD pressures recent highs of 1.2950 - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that EUR/USD is correcting higher on Wednesday showing a mild positive tone in the 4 hours chart. Key quotes "Price managed to establish above its 20 SMA, now acting as the base of the latest range around 1.2920, and indicators aiming higher, having erased all of their oversold readings and about to test their midlines." "The pair seems ready to extend its upward corrective movement, eyeing now the 1.2990 area, last Friday post US NFP high." "If price manages to continue advancing and settles above 1.3000, the rally can extend up to 1.3050 over the upcoming sessions, without really harming the dominant bearish trend." "But if 1.2920 gives up, chances of such corrective movement vanish, with the pair exposed then to a retest of recent lows around 1.2859." "Below this last, an approach to the 1.2800/20 area seems likely in the short term, from where the path is quite clear towards the main bearish target of 1.2740." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 10, 2014 OctaFX.Com News Updates

OctaFX.com-OctaFX Markets! Economic Calendar You can view OctaFX Economic Calendar here with all the important news releases for the coming week. The values are updated after the news is released. Forex News Read the latest Forex news, financial prognosis and other related data from the world's most informative and reliable sources. Stay up to date in the current market state. Forex Calculator Forex Calculator is a very useful tool for all the traders out there. It allows you to calculate required margin, pips price and many other parameters National Holidays Calendar You can view the holiday calendar of various countries here. Please note that on some of these holidays markets will be closed (e.g. Christmas, U.S. Independence Day, etc). World Banks Interest Rates Please find the interest rates of various banks around the world on this page. Worldwide Interest Rates are presented here for educational purposes. Real-time Live Quotes These are the current live quotes from OctaFX. All the quotes are updated in real-time. Please feel free to use them in educational and informational purposes. We invite you to be part of OctaFx for your success future, OctaFx offering 50% each deposit bonus as well 8USD no deposit bonus, fast server no re-quoutes guaranty so, join right way to became successful trader. We are here to help 24/7 because its our pleasure to server you! Feel free to ask any question about OctaFX. we are glad to serve you the right way. 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!

ECB's Liikanen: Scale of ABS buys still under discussion FXStreet (Łódź) - ECB Governing Council member Erkki Liikanen said on Tuesday that the scale of ECB's ABS and cover bond purchases, announced last week, hasn't been decided yet. He stressed that the new measures should be implemented with caution and that the central bank should be wary of taking risks. The ECB policymaker assured that the rate cuts carried out last Thursday were necessary, as recent data showed a slowdown of economic recovery in the Eurozone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 09, 2014 OctaFX.Com News Updates