OctaFX_Farid

EUR/GBP edges higher but lacks momentum FXStreet (Córdoba) - The EUR/GBP edged a tad higher following the UK GDP estimation release, but remained well within today’s range and off the highs scored earlier during the European session. The latest recovery attempt was capped by the 0.7945 zone sending the EUR/GBP back to the 0.7920 zone before resuming the climb driven by GDP data. UK economy grew 0.6% in the 3 months to July, according to NIESR estimation. EUR/GBP technical levels At time of writing, the EUR/GBP is trading at 0.7940, 0.25% above its opening price, with immediate resistances seen at 0.7944 (Aug 6 high) and 0.7965 (Aug 5 high), while supports line up at 0.7915/3 (Aug 6 & Jul 31 lows) and 0.7900 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 06, 2014 OctaFX.Com News Updates

US: Trade deficit (Jun) shrunk to $41.54 billion FXStreet (Edinburgh) - The Commerce Department has informed that the trade deficit shrunk to $41.54 billion during June from $44.66 billion in the previous month (revised). The print however exceeded the median at $44.70 billion. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 06, 2014 OctaFX.Com News Updates

OctaFX.com - OctaFX Interviews Round 28 OctaFX Champion Demo Contest winners! Four OctaFX winners of OctaFX Champion Demo contest Round 28 are excited to prolong their successful trading experience and are looking forward to participating in our new promotions! Let us remind you the names of people we interviewed to motivate you! 1st place – Mr. Drs. Alimuddin M.Si from Indonesia 2nd place – Mr. Madani from Indonesia 3rd place – Mr. Rahman Afn from Indonesia The last runner – Mr. Cecep Mahpud from Indonesia What is the key factor to your success? Why are you better than everyone else? 1st place – Mr. Drs. Alimuddin M.Si: According to me, the key to success in Forex trading is highly determined by the state of the trader's psychology. Even psychological factors in trading is more important than technical skills. 2nd place – Mr. Madani: Be patient and wait for the right entry and, of course, luck factor also plays its role. 3rd place – Mr. Rahman Afn: The key to success is patience and discipline. How do you feel about your result? 1st place – Mr. Drs. Alimuddin M.Si: Becoming the winner of the OctaFX Champion contest is the pride and pleasure for me because I was able to outperform all participants. 2nd place – Mr. Madani: Of course I am very happy and did not think I could win this contest. 3rd place – Mr. Rahman Afn: I am happy and proud, finally be able to be one of the winners of OctaFX Champion Demo Contest. The last runner – Mr. Cecep Mahpud: I will try and strive to improve my trading performance and capabilities, both in the Demo Contest and in the Real account. Although I have several times experienced loss, because I believe forex is suitable for my business, and OctaFX is appropriate broker for me, after I tried trading with several brokers. Were you greatly involved in the contest? Did it take lots of your time? 1st place – Mr. Drs. Alimuddin M.Si: I did it part-time and it did not take all my time. I still could work at my job. 2nd place – Mr. Madani: I trade a few hours a day and fortunately OctaFX have platform for android so I could monitor the price at any time. 3rd place – Mr. Rahman Afn: I traded in the contest when at home, during the lunch time and if there was free time at my work, I spent a little time to monitor it, so it did not take much time. The last runner – Mr. Cecep Mahpud: I'm trying to divide my time, because I work as an employee and I tried to focus on forex when trading hours were crowded. What was your most spectacular gain? Have you encountered considerable loss? 1st place – Mr. Drs. Alimuddin M.Si: Advantages were spectacular when I performed BUY with large volume at the lowest price and TP at highest price, and took SELL order with big volume at the highest price and TP in lowest price. 2nd place – Mr. Madani: Nothing spectacular, everything was standard, but most importantly it was consistent. 3rd place – Mr. Rahman Afn: When the movement of the rising and falling of graph is rapid I encounter considerable profit. The last runner – Mr. Cecep Mahpud: Yes, I was getting a valuable lesson from this contest and I suffered more losses when I used long-time strategy. What strategy did you use during the contest? 1st place – Mr. Drs. Alimuddin M.Si: Strategies that I use in trading is a combination of good variety of techniques that I get from various books about Forex as well as from the experience of successful traders. 2nd place – Mr. Madani: My strategy is described by a simple phrase: “Buy at low prices and sell at high prices”. 3rd place – Mr. Rahman Afn: I only use manual analysis strategy with a long-term system. The last runner – Mr. Cecep Mahpud: Sometimes I use a PC or a gadget for trading and use scalping method, and I am always paying attention to the economic calendar. How long does it take to become a good trader? 1st place – Mr. Drs. Alimuddin M.Si: It depends on one’sdiligence what time does it take. 2nd place – Mr. Madani: I think more than 2 years. 3rd place – Mr. Rahman Afn: 6 months may be enough time to become a good trader. The last runner – Mr. Cecep Mahpud: Experience is the most valuable knowledge in forex. To understand the concept it’s needed to learn for 6 months. However to be a good trader it takes a long time as a way to train the tenacity and patience. Feeling like you can beat and outperform others? Prove yourself a better trader - register in OctaFX Champion Demo Contest Round 30! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

OctaFX.com - Bank Wire Transfer! Dear traders! We would like to have you informed that Bank Wire Transfers are now fully available. OctaFX Technical Department in collaboration with Financial Department restored and upgraded the service and our team is glad to notify you that deposits and withdrawals through Bank Wire transfer are ready to use. Before you deposit your funds to your trading accounts, there is one thing we would like to emphasize – bank details have been altered, so please, pay your attention while making deposits and withdrawals. Please wire the funds to and from OctaFX using new bank details available at your Personal Area – if you have some predesigned templates, please, change them accordingly. We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected] We Doing our best to ensure your comfortable trading! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

United States 4-Week Bill Auction down to 0.02% from previous 0.03% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

USD/CHF hits fresh 6-month highs FXStreet (Córdoba) - The USD/CHF rose further after Wall Street opening bell and climbed to 0.9110, reaching levels not seen since January 23, slightly above last week highs. Afterwards pulled back and currently is hovering around 0.9100, up 0.37% for the day. Greenback is among the best performers across the board, after rallying in the last hours following better-than-expected US economic data. USD/CHF levels to consider To the upside, immediate resistance lies at 0.9110 (daily high) and above here at 0.9125/30 and 0.9155 (January highs). To the downside, support might be located at 0.9070/75 and below at 0.9050/55. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

GBP/USD falls on Moody's downgrading the outlook for UK's banking system - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the rally in GBP/USD to 1.6888 seen in the European morning, on better than expected UK data, was reversed by Moody's announcement of changing the outlook for UK's banking system from stable to negative. Key quotes "The pair gave back most of its intraday gains, with the hourly chart showing price struggling around its 20 SMA and indicators heading lower, approaching their midlines." "In the 4 hours chart indicators corrected oversold readings, but now retrace from their midlines, while price halted a couple pips below the 23.6% retracement of the latest bearish run, suggesting upward potential is limited." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

USD/JPY extends gains to 102.90 after a brief rejection FXStreet (San Francisco) - After breaking 102.70 level and testing daily highs at 102.75, the USD/JPY found selling interest that sent the pair to 102.65; however the pair recovered the mood and now it is extending gains to 102.90. Currently, USD/JPY is trading at 102.87, up 0.29% on the day, having posted a daily high at 102.94 and low at 102.46. USD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. USD/JPY levels The pair is now focused into 103.00, that works as next resistance ahead of 103.10 and 103.40. On the downside, 102.70, 102.60 and 102.40 are supports. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

EUR/USD grinds lower on weak EMU Services PMI - FXStreet FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that the EUR/USD fell on Tuesday to 1.3380 following the release of the disappointing Eurozone PMI services numbers. Key quotes "Technically, failure to advance beyond the 23.6% retracement of the 1.3639/1.3366 daily fall has helped discouraging buyers." "The hourly chart presents a strong bearish tone, as indicators continue heading south despite in oversold levels, while price stands now below its moving averages." "In the 4 hours chart technical readings also present a bearish stance, with 1.3366 this year low coming as immediate support in route to 1.3295." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

United States IBD/TIPP Economic Optimism (MoM) down to 44.5 in August from previous 45.6 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

United States Markit PMI Composite declined to 60.6 in July from previous 61 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

EUR/USD offered near 1.3380 FXStreet (Edinburgh) - The selling interest remains alive around the single currency on Tuesday, dragging the EUR/USD to a test of recent lows around 1.3380. EUR/USD focus on US docket The euro has reacted adversely after the mixed results from Services PMIs in the euro bloc, with sellers stepping in to fade the recent spike to levels around 1.3440/50. Next of note will be US Factory Orders (0.6% exp.) and the ISM Non manufacturing for the month of July (56.3 exp.). In the view of Camilla Sutton, Chief FX Strategist at Scotiabank, “The combination of ongoing downside pressure on inflation, weak confidence, disappointing PMIs and the negative impact of falling trade with Russia are likely to keep a relatively cautious tone at the ECB and support EUR downside”. EUR/USD relevant levels As of writing the pair is losing 0.27% at 1.3385 with the next support at 1.3366 (2014 low Jul.30) followed by 1.3359 (low Nov.12 2013) and then 1.3345 (low Nov.11 2013). On the other hand, a break above 1.3425 (high Aug.25) would target 1.3433 (high Aug.4) en route to 1.3445 (high Aug.1). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

USD/CAD loses around 4.00% of face value in less than a month - ForexTrading.TV FXStreet (Łódź) - Nicole Elliott, currency analyst at ForexTrading.TV, observes that the USD/CAD has lost around 4.00% of face value in less than a month. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 05, 2014 OctaFX.Com News Updates

Morgan Stanley: EUR/USD year-end forecast at 1.31 - eFXnews FXStreet (Łódź) - The eFXnews team note that Morgan Stanley sees EUR/USD standing at 1.31 at the end of 2014 and the downward move continuing in 2015 towards 1.24. Key quotes "'Indeed, we believe relationships established over the past two years between the EUR and financial markets have already started to break down, leaving the EUR exposed to the underlying bearish fundamentals,' MS argues." "'Private investor flows into peripheral bonds, equity markets, and central bank diversification will be declining sources of support for the EUR in our view. The increased potential for currency hedging of European assets in an environment of rising volatility is another EUR negative,' MS adds." "In line with this view, MS maintains a short EUR/USD position in its medium-term portfolio from 1.3620, with a revised profit-stop at 1.35, and a target at 1.31." "Short-term, MS looks to use any EUR/USD rebounds to add short positions via a limit order at 1.3480, with a stop at 1.3580, and a target at 1.31." '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 Aug 05, 2014 OctaFX.Com News Updates

OctaFX Champion - A Splendid Demo Contest from your top Broker! Current update of OctaFX Champion Demo Contest! *Currently our top contestant Gwie09 from Indonesia has piled up with Equity/Balance $32 058.61. So, come and snatch the opportunity and be the part of matchless traders. http://www.octafx.com/contests/octafx-champion/28/member/muhammadfarooq/ Contests schedule Current round (EET) Registration: Jun 30, 2014 00:00 - Jul 28, 2014 00:00 Duration: Jul 28, 2014 00:00 - Aug 23, 2014 00:00 Next round (EET) Registration: Jul 28, 2014 00:00 - Sep 1, 2014 00:00 Duration: Sep 1, 2014 00:00 - Sep 27, 2014 00:00 Please visit here to see full contestants list http://www.octafx.com/contests/octafx-champion/rating/ 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!

Stock markets collapse as predicted- ForexTrading.TV FXStreet (Łódź) - Nick Jordan, currency analyst at ForexTrading.TV, comments on SP 500's break lower, in the steps of European markets. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 04, 2014 OctaFX.Com News Updates

USD/JPY is closer to 103.00 every coming minute FXStreet (Moscow) - USD/JPY slid to 102.50 area after reaching 102.72 session high. Not a knockout yet The pair got a knockdown from the Non-Farm Payroll data, but not a knockout meaning the comeback above 103.00 area is still a possibility especially given quite interesting events calendar for the week ahead. We must say, there are practically no first-tier fundamental releases except for ISM report, but the still going on earnings season, and the behavior of stocks and credit market may help to settle above 103.00 area again. What are today’s key USD/JPY levels? Today's central pivot point can be found at 102.67, with support below at 102.29, 101.96 and 101.58 with resistance above at 103.00, 103.38, and 103.71. Hourly Moving Averages are bullish, with the 200SMA bullish at 102.07 and the daily 20EMA bullish at 101.96. Hourly RSI is bearish at 47. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 04, 2014 OctaFX.Com News Updates

OctaFX.com - OctaFX introduces Free VPS solution! Always giving our clients the support and attention they deserve we created a perfect way to increase your profit! The great news is that starting from today, we provide you with our free VPS hosting solution for your Metatrader Expert Advisors. Having a problem with running a PC all the time to perform EA trading? Then, our splendidly tailored VPS solution is developed and designed exactly for you. Step up to be more independent even from a PC or internet connection – have your EA trade safely! OctaFX offers our clients to request personal VPS and run a pre-installed Metatrader 4 software and any EAs they want on a remote server at any time and have it trade automatically 24 hours a day. Here’s some thoughts of our CEO concerning that matter: “Our new service is created by our effective team to make your trading last longer and give you the profit you deserve. It has always been our top priority to provide you with high quality services in accordance with international standards”. OctaFX CEO Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

Austria Unemployment up to 286.4K in July from previous 281.6K Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 01, 2014 OctaFX.Com News Updates

Turkey Exports remains unchanged at $12.54B in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 01, 2014 OctaFX.Com News Updates

What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank FXStreet (Edinburgh) - The EUR/USD is seeing a recovery attempt to the 1.3400 handle today, despite the softer tone from the final manufacturing PMIs in Euroland and ahead of July’s Payrolls. “We are waiting for a rebound to reinstate shorts and are not willing to chase this lower as momentum indicators remain in oversold territory. Nonetheless following the demise of the 2 month uptrend we remain in sell the rally mode, and a negative bias will remain entrenched below the 1.3535 2 month downtrend”, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. In addition, FX Strategist Emmanuel Ng at OCBC Bank, suggested, “Note that the pair has leaked below 1.3400 this week and a sweater may be in order for EUR bulls as the balance of risks emanating from the US/EZ headline flow (ECB meeting next Thursday) may continue to guide the pair towards the 1.3300 neighborhood in the coming sessions”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 01, 2014 OctaFX.Com News Updates

European Monetary Union Markit Manufacturing PMI below forecasts (51.9) in July: Actual (51.8) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 01, 2014 OctaFX.Com News Updates

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

USD/CAD climbs to 1.0930 FXStreet (Edinburgh) - The USD gained further impulse on Thursday following the release of the US and Canadian dockets, briefly lifting the USD/CAD to session peaks near 1.0930. USD/CAD firmer despite US releases After hitting multi-week tops in the vicinity of 1.0930, spot is now returning to the comfort zone around 1.0920/15, following mixed data from the US economy: Initial Claims increased to 302K in the week ended on July 25th vs. estimates at 301K, while the Employment Cost index rose above forecasts 0.7% during the second quarter. On the other hand, the Canadian economy expanded at a monthly pace of 0.4% in May, surpassing both estimates and April’s print. “USDCAD still trades ‘rich’ relative to its current main drivers, but despite that ‘richness’, we can highlight three reasons for the upward bias in the pair: long USD positioning is adjusting upwards to align with rate differentials and market sentiment, AUD and CAD are moving lower to catch up with currencies like EUR, NZD, NOK and SEK which have been weaker for longer, and the main drivers of USDCAD may be migrating towards interest rate differentials which are very much in the USDs favour”, assessed Stephen Gallo, European Head FX Strategy at BMO. USD/CAD levels to consider As of writing the pair is up 0.12% at 1.0916 and a breakout of 1.0949 (50% of 1.1279-1.0620) would aim for 1.0962 (high Jun.5) and then 1.1007 (high May 2). On the downside, the immediate support lines up at 1.0900 (low Jul.31) ahead of 1.0850 (low Jul.30) and finally 1.0840 (200-d MA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates

EUR/USD falls to 1.3370 after US Data FXStreet (San Francisco) - The Euro broke below the 1.3380 support against the US dollar and now it is testing the 1.3370 following US jobless claims and employment cost index data. Employment cost index advances 0.7% in Q2; biggest rise since Q2 2011; on the other hand, initial jobless claims rose to 302K new claims in the Jul 25 week while previous week was revised down to 279K from 284K. Currently, EUR/USD is trading at 1.3395, down 0.10% on the day, having posted a daily high at 1.3416 and low at 1.3367. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. EUR/USD sentiment "So far we've been down to 1.3372, near the 1.3368 lows posted a bit over 24 hours ago," comments Jamie Coleman from FXBeat. "US yields continue to rise, up another 5 bp this morning to 2.605%. 1.3350 barriers are the next hurdle for EUR/USD." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates