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South Africa Private Sector Credit climbed from previous 8.69% to 9.77% in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 30, 2014 OctaFX.Com News Updates

Wall Street closed: S&P 500, best August performance since 2000 FXStreet (Guatemala) - In the US, stocks picked up on best monthly gains since the start of the year as investors were encouraged by improving developments in the US economy. Consumer confidence improved in the month of August with the public likely encouraged by improvements in the labour market. Reuters/Michigan Consumer sentiment index beat expectations and improved on the last print as well, printing 82.5 vs 80.1 consensus and 81.8 previous for July. Core PCE came in line with expectations at 1.5% for July month on month. The S&P 500 Index scored 3.8 percent this month, the best August performance since 2000. For today, it put 0.3 percent of gains and read 2,003.37 as of 4 p.m. in New York. The Dow Jones Industrial Average climbed 18.88 points to read 17,098.45 and the The Nasdaq Composite Index added 0.5 percent to read 4,580.27. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 30, 2014 OctaFX.Com News Updates

OctaFX.com- Round 29 OctaFX Champions share the experience! Round 29 of OctaFX Champion Demo contest ended and it’s time to draw up the results! 1764 traders took part in the contest and performing 60 000 trades during 4 weeks lined up in our round standings! OctaFX Champion Round 30 starts Monday, September 1, and we are happy to see the new record – more than 3000 people will trade for the opportunity to win $3000! Traditionally, we asked our Round 29 winners a few questions for your inspiration! 1st place – Mr. Yuri Ohrimenko from Ukraine 2nd place – Mrs. Svetlana Goroshevskaya from Ukraine 3rd place – Mr. Syamsul Hadi Fitri Amd from Indonesia The last runner – Mrs. Mehwish Raheel from Pakistan What is the key factor to your success? Why are you better than everyone else? 1st place – Mr. Yuri Ohrimenko: I think the right choice of the currency pair for the contest and the study of the fundamental data for this pair before the contest bring success. And of course a bit of luck. 2nd place – Mrs. Svetlana Goroshevskaya:The most important oints of success are the analysis and accurate calculation, trading experience and knowledge of the behavior of the financial tools, long observation of them. 3rd place – Mr. Syamsul Hadi Fitri Amd: The main factor of my success is growing confidence in myself that someday I will definitely be able to become a successful Forex trader. What was your strategy? Have you developed a perfect plan or tried various techniques? 1st place – Mr. Yuri Ohrimenko: In this contest, I relied on the currency pair NZDUSD. When I occupied the first place I tried not to let participants ahead. 2nd place – Mrs. Svetlana Goroshevskaya:The simpler the better! I usually use graphic analysis, MACD indicator, strong levels, and of course the news that give an overall picture of the market. 3rd place – Mr. Syamsul Hadi Fitri Amd: As long as I trade Forex, I learned to follow the strategy, which is used by traders, who succeed in the Forex Market. Then I made innovation by combining indicators, which are user friendly for me so that I can read the direction of movement of the currency in the Forex market. How long does it take to become a good trader? 1st place – Mr. Yuri Ohrimenko: It all depends on hard work and talent. Also, the faster you are able to tame emotions, the sooner you will be a good trader. 2nd place – Mrs. Svetlana Goroshevskaya:I think one should learn at least a year, and to trade, including in the real accounts, making small deposits to start trading in profit, the main thing after all is captured currency pairs, not dollars. 3rd place – Mr. Syamsul Hadi Fitri Amd: I think it is quite long for me. I have been learning to understand the Forex market from 2008 to 2014. It took approximately 6 years because my background is not an economic expert, and I think I still have a lot of flaws and I guess I have not gotten the achievement, which I expected. The last runner – Mrs. Mehwish Raheel is not discouraged and fully optimistic concerning next rounds: “I will improve my trading in near future and you will see me again trading in the next round number 30, and I will use my other strategies in that contest. I have learned a lot of things, and I learned one main thing, that is do proper analysis, then proper calculation of lots, actually I did some mistakes in trading volume, but I will try not do it again in next round”. The new Round 30 starts over a weekend! Register in the special Round of OctaFX Champion Demo contest to win $3000! Win 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!

United States Reuters/Michigan Consumer Sentiment Index registered at 82.5 above expectations (80.1) in August Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

US: PCE (Jul) rose 1.6% YoY FXStreet (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.6% YoY during July, matching the previous print. On a monthly basis, prices rose 0.1%. The Core reading, which strips the food and energy costs, rose 1.5% over the last twelve months and 0.1% inter-month. Personal Income expanded 0.2% on a monthly basis while Personal Spending contracted 0.1%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

EUR/USD apathetic post-US data FXStreet (Edinburgh) - The shared currency practically stayed put in the wake of today’s US docket, with the EUR/USD keeps hovering over the 1.3180/85 area. EUR/USD limited by 1.3200 Spot remains confined to the upper 1.3100s despite data releases in the US came in on a softer tone overall. In fact, both Personal Spending and Personal Income disappointed expectations in July, contracting 0.1% and gaining 0.2%, respectively. Consumer prices measured by the Personal Consumption Expenditure (PCE) – the Fed’s favourite gauge – remained unchanged at 1.6% on a year to July, while Core PCE rose 1.5% vs. 1.6% previous. All in all, the EUR is closing another dreadful week, trading in levels last seen in early September 2013 ahead of the key ECB meeting due next week. EUR/USD levels to watch The pair is now flat at 1.3180 with the next resistance at 1.3222 (high Aug.28) ahead of 1.3297 (high Aug.22) and then 1.3316 (210-d MA). On the downside, a breach of 1.3152 (low Aug.27) would target 1.3105 (low Sep.6 2013) en route to 1.3089 (low Jul.19 2013). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

GBP/USD back below 1.6600 FXStreet (Córdoba) - The GBP/USD trades effectively unchanged on the day following another failed attempt to break above the 1.6610 resistance area. The latest string of US data had little impact on the USD, confining the Cable to extend its consolidation phase below 1.6600. US personal income and spending came slightly below expectations at 0.2% and -0.1% respectively in July, while core PCE was unchanged at 1.5% y/y. Ahead of the long weekend in the US, the GBP/USD is trading at the 1.6585 area, flat on the day, but still on track for a mild weekly gain following 7 weeks of losses. GBP/USD technical levels As for technical levels, the GBP/USD could find immediate supports at 1.6535 (Aug 27 low), 1.6509 (Mar 26 low) and 1.6500 (psychological level). On the flip side, resistances are seen at 1.6612 (Aug 28 high), 1.6670 (Aug 20 high) and 1.6685 (200-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

USD/JPY toying with 104.00 FXStreet (Edinburgh) - The greenback seems to have resumed its upside on Friday, now lifting the USD/JPY to the very doorsteps of the critical barrier at 104.00. USD/JPY looks to regain weekly tops The pair is trading on a firmer footing and prolonging the bounce off the 103.70 area. The overall weaker tone from the Japanese docket in today’s early hours weighed on the yen, adding to the upside sentiment in the pair. Next of relevance will be the US inflation figures tracked by the PCE along with Private Income/Spending and the final reading of the Reuters/Michigan index for the month of August. Emmanuel Ng, FX Strategist at OCBC Bank, commented, “the JPY may continue to garner support pending geopolitical developments into the weekend. As such, the pair may continue to loiter at sub-104 levels in the interim with a fairly solid cushion expected towards 103.00”. USD/JPY levels to consider At the moment the pair is up 0.23% at 103.96 and a surpass of 104.16 (high Aug.27) would open the door to 104.49 (high Aug.25) and finally 104.84 (high Jan.23). On the flip side, the immediate support aligns at 103.66 (low Aug.29) followed by 103.56 (low Aug.28) and then 103.51 (Tenkan Sen). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

EMU: CPI (Aug.) at 0.3% YoY Consumer Prices in the euro area rose 0.3% YoY, matching previous estimates and down from July’s 0.4%. Core prices advanced 0.9% over the last twelve months, exceeding the 0.8% forecasted. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

Economic growth in Euroland hurt by Russia - BTMU FXStreet (Barcelona) -Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ, underlines the problems for the euro zone economy stemming from the geopolitical situation in Russia-Ukraine. Key Quotes "National inflation data yesterday revealed an unchanged annual CPI rate of 0.8% and hence there’s a chance that the euro-zone flash estimate today also comes in unchanged at 0.4%. Some of the other country data declined however (Spain and Italy expected to today) and hence we might still get a modest decline to 0.3%." "To be honest though, the grim macro story and the comments from Draghi make this less important. With more sanctions also now on the way for Russia, the economic hit to the euro-zone is only going to get worse." "The latest evidence of that was the German retail sales report this morning. In contrast to the expected unchanged estimate, retail sales plunged 1.4% and clearly consumers as well as businesses in Germany are hurting." "GfK Consumer Confidence data on Wednesday from Germany revealed the largest drop in economic expectations since the 1980s. So the gravity of situation has gone a bit beyond whether we get a 0.3% or 0.4% print in the flash CPI estimate today." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

EUR/JPY rises briefly above 137.00 FXStreet (Córdoba) - The EUR/JPY spiked to fresh daily highs above 137.00 after the release of in line with expectations Eurozone inflation data. Eurozone consumer price index rose 0.3% YoY in August, meeting expectations, while the core index grew 0.9% versus an increase of 0.8% forecasted by analysts. The EUR/JPY rose briefly above the 137 mark and stretched to a high of 137.07 right after the data, only to dip back to the 137.85 area soon after. The pair is currently trading at 136.90, 0.35% above its opening price. From a broader perspective, the EUR/JPY has moving with a bearish bias since peaking at 143.79 in early March. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

EUR/USD uninspired by Eurozone CPI FXStreet (Córdoba) - The EUR/USD received a slight boost and reached marginal new highs for the day after preliminary data showed Eurozone consumer inflation grew in line with expectations in August. Eurozone consumer price index rose 0.3% YoY in August, meeting expectations, while the core index grew 0.9% versus an increase of 0.8% forecasted by analysts. Today's release was attracting much attention ahead of ECB meeting next week, after Draghi signaled further easing measures at Jackson Hole. However, in-line-with expectations data doesn't really shed too much light on ECB's next move and will probably keep the euro under pressure heading into the decision. The EUR/USD climbed a few pips and hit a high of 1.3194 right after the release, extending a recovery from a low of 1.3159 scored at the beginning of the European session. At time of writing, the pair is trading at 1.3185, virtually unchanged on the day. EUR/USD technical levels As for technical levels, the EUR/USD could find next supports at 1.3152 (2014 low Aug 27), 1.3104 (Sep 6 2013 low) and 1.3100 (psychological level). On the other hand, resistances are seen at 1.3238 (Aug 22 closing price) and the 1.3295/1.3300 area (Aug 22 high/psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

Italy Consumer Price Index (EU Norm) (MoM) in line with forecasts (-0.2%) in August Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

Italy Consumer Price Index (EU Norm) (MoM) in line with forecasts (-0.2%) in August Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

Greece Retail Sales (YoY) increased to 3.8% in June from previous -3.8% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

Greece Producer Price Index (YoY): -0.3% (July) vs previous 1.1% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 29, 2014 OctaFX.Com News Updates

Start your successful trading with OctaFX today! Trade Forex with OctaFx and get: upto 50% Bonus Free 8 USD No Deposit Bonus! Requote-free Trading 1000 USD Demo Champions Contest Trading Sprint Demo Contest! Daily reviews and trading ideas Deposit & Withdrawal Instant Convenient and easy deposit & withdrawal methods High Commission for IB's Partners Demo accounts Clients Funds Protection Lowest Spread Low as 0.2 Metatrader PC, IOS Mobile, Android, (News in your Metatrader 4 from OctaFX and FXstreet.com) Write a 1500 characters review. post on a Forex forum and "Join the Word It Out" Contest! 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!

Start your successful trading with OctaFX today! Trade Forex with OctaFx and get: upto 50% Bonus Free 8 USD No Deposit Bonus! Requote-free Trading 1000 USD Demo Champions Contest Trading Sprint Demo Contest! Daily reviews and trading ideas Deposit & Withdrawal Instant Convenient and easy deposit & withdrawal methods High Commission for IB's Partners Demo accounts Clients Funds Protection Lowest Spread Low as 0.2 Metatrader PC, IOS Mobile, Android, (News in your Metatrader 4 from OctaFX and FXstreet.com) Write a 1500 characters review. post on a Forex forum and "Join the Word It Out" Contest! 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!

EUR/USD makes fresh daily lows FXStreet (Córdoba) - The EUR/USD moved a step lower and printed fresh daily lows early New York session, weighed by renewed geopolitical tensions and solid US data. While US GDP and jobless claims beat expectations, recent data showed pending home sales dropped 2.7% in July versus a 3.5% fall expected. However, USD reaction has been subdued as investors' attention turns to tomorrow’s Eurozone inflation figures as according to sources, it could prompt the ECB to announce easing measures next week should they point to growing deflation pressures. At time of writing, the EUR/USD is trading at 1.3168, recording a 0.18% loss on the day, having been rejected by the 1.3220 zone. EUR/USD technical outlook Valeria Bednarik, chief analyst at FXStreet notes that the EUR/USD shows increasing bearish potential. “A break below 1.3150 should see the pair extending its decline towards the 1.3100 price zone, albeit market is expected to remain on hold, ahead of tomorrow EZ inflation data, and next week Central Bank meeting”, said Bednarik. The analyst locates immediate support levels at 1.3150, 1.3120 and 1.3090, while she sees resistances at 1.3215, 1.3240 and 1.3280. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2014 OctaFX.Com News Updates

AUD/USD consolidates 0.9340 bounce FXStreet (San Francisco) - The Aussie is consolidating levels versus the US Dollar as the pair found support at 0.9340 after a 35-pip decline from 0.9375. Then the AUD/USD bounced to 0.9360 where the pair remains trading now. Currently, AUD/USD is trading at 0.9355, up 0.20% on the day, having posted a daily high at 0.9376 and low at 0.9332. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral. AUD/USD sentiment If the pair continues to advance, it will face resistances at 0.9375, 0.9415 and 0.9450. On the downside, 0.9350, 0.9340 and 0.9330. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2014 OctaFX.Com News Updates

US: GDP (Q2) expanded 4.2% YoY FXStreet (Edinburgh) - The Commerce Department has informed that the US economy expanded at an annual pace of 4.2% during the second quarter, exceeding forecasts for an expansion of 3.9% and reverting the previous 2.1% contraction. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2014 OctaFX.Com News Updates

United States Gross Domestic Product Price Index came in at 2.2%, above forecasts (2%) in 2Q Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2014 OctaFX.Com News Updates

Further easing by ECB next week, a close call? – BTMU FXStreet (Barcelona) - Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ, says inflation figures in EMU and Germany could be relevant in next week's ECB meeting. Key Quotes "The euro has rebounded back above the 1.3200 level after Reuters yesterday quoted ECB sources as stating that there would be no monetary easing steps announced at next week’s policy meeting. With euro short positioning becoming more substantial, unsubstantiated stories of this kind can have the necessary impact on stabilising the currency." "In reality, if any decision is finely balanced, the flash estimates for August inflation from Germany today and the euro-zone tomorrow may well have a bearing on any decision taken next week. After ECB President Draghi’s comment at Jackson Hole that inflation expectations have become unanchored, the ECB will be sensitive to any further evidence of downside inflation risks worsening." "The German EU harmonised annual inflation rate is expected to come in unchanged at 0.8% in August – any undershoot will just serve to intensify speculation of easing next week. Both a small rate cut and/or the start of ABS QE are possibilities for next week and we would lean toward ABS QE as being the more likely of the two, simply because it is one of the measures that was announced in June, is already being worked on and looks like less of a panic move. Draghi believes in the June measures and therefore full implementation is the natural conclusion." "We should also perhaps be careful not to overplay the inflation expectations comments from Jackson Hole. It was very significant but how reliable are financial market indicators during the month of August, during holiday thin trading conditions? It would appear very rash for the ECB to undergo additional monetary easing based just on falling inflation expectations during August." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2014 OctaFX.Com News Updates

EUR, GBPNand the chance of a bounce - Societe Generale FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, sees the likelihood of a rebound in both GBP and the EUR. Key Quotes "The conditions, therefore, are ripe for a euro short-covering bounce. The speculative market is short; EUR/USD has been falling despite tightening peripheral spreads, and looks too low in the short-term on regressions of spreads and rate differentials." "Month-end FX reserve re-balancing is also a possible trigger for a bounce. Indeed, there's even talk of SNB euro buying at these levels of EUR/CHF." "And finally, as a potential catalyst, there's a chance of positive economic news from German unemployment and Euro area money supply today. All in all, reason enough to think a bounce is possible. Only a correction through 1.340 would break the current downtrend and excite technicians, and the more modest the bounce, the worse the technical outlook." "The lack of fresh news also opens up the possibility of GBP/USD bouncing a bit further today, with CBI distributive trends the only data of note. As observed yesterday, GBP weakness has been more about long positions being cut than shorts being built, and this too argues for a modest bounce." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2014 OctaFX.Com News Updates

United States EIA Crude Oil Stocks change registered at -2.07M, below expectations (1.1M) in August 22 FXStreet (Edinburgh) - After a promising start of the session climbing to fresh weekly highs around 1.3220, the EUR/USD has rapidly deflated to test intraday lows near 1.3170 so far. In the view of Axel Rudolph, Senior Technical Analyst at Commerzbank, “EUR/USD has so far slipped to an August low at 1.3153 while en route to the 1.3105 September low and the psychological 1.3000 region. Today it is expected to recover, though”. In addition, FX Strategist at OCBC Bank Emmanuel Ng commented, “Note that the pair managed to regain its footing somewhat on Thursday on the back of wire reports indicating no further initiatives from the ECB next week but we expect sentiment to remain fragile in the intervening period with key event risks expected from German CPI numbers today and EZ CPI reading tomorrow. In the interim, we stay the course with a heavy EUR-USD stance with the next visible support expected at 1.3150 if the foothold at 1.3200 is lost”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 28, 2014 OctaFX.Com News Updates