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United States Initial Jobless Claims came in at 302K, above forecasts (301K) in July 25 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates

Russia Central Bank Reserves $ dipped from previous $472.5B to $472.4B Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates

USD Strength Hurting the Canadian Dollar - ForexTrading.TV FXStreet (Łódź) - Nick Jordan, currency analyst at ForexTrading.TV, observes that the strength of the greenback has been hurting the Canadian dollar and wonders if we will see the 1.10 level shortly. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates

US economy posted strong GDP in Q2 - BTMU FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, underlined the solid data from US GDP in the second quarter. Key Quotes "The report revealed that the US economy rebounded more strongly than expected after the sharp contraction in Q1 providing further reassurance that it was only a temporary slowdown. Real GDP expanded by a robust annualized rate of 4.0% in Q2 which was boosted by a large inventory build adding 1.66 percentage points." "The underlying pace of growth firmed with personal consumption growth accelerating to an annualized rate of 2.5% and capital investment expanding by an annualized rate of 7.0%. There were also upward revisions to growth in the previous three quarters revealing that economic growth was stronger over the past year." "As a result of the revisions and despite the temporary economic contraction in Q1, real GDP expanded on average by annual rate of 2.4% over the last twelve months accelerating from an expansion of 2.0% in the previous twelve months. The report reinforces our view that the US dollar will likely continue to strengthen in the year ahead alongside the strengthening US economy. The release yesterday of the latest ADP survey also revealed that employment growth likely remained robust in July remaining consistent with non-farm employment increasing in line with its’ average over the last six months of around 230kjobs/month." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates

Italy Producer Price Index (YoY) came in at -1.6%, above expectations (-1.8%) in June Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates

South Africa Producer Price Index (YoY) dipped from previous 8.7% to 8.1% in June Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2014 OctaFX.Com News Updates

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OctaFX.com-MyFXbook contest winners share their success with you! Three most successful traders point out the difference OctaFX made on the scene of MyFXbook contests: Mr. Vadim Rybalko: I liked this promotion and your terminal works without lockups and requotes, which is perfect for testing different strategies. I hope my experience trading real account would be similar. Mr. Bloni Dedi Fanri Simarmata: I can mention one OctaFX feature that really helped me win – it is the One Click Trading feature. I can quickly make transactions only with one click. This contest has also helped me to train my discipline in trading. Mr. Claudio Pietroni: This contest on myfxbook is the best because it was managed by OctaFX low spreads. OctaFX features that helped me were minimal spreads and fast execution. Mr. Vadim Rybalko from Russia, occupying the first place: I am a recent user of MyFXbook, and I would like to thank OctaFX for the contest – I enjoyed it. It also gave me some experience with OctaFX and results are fine! It was unexpected, that I won the competition. I traded only in my free time, and I felt lucky, as my first desire was to enter top 10 rankings. I also tested your system trading on indicators. My trading balance shot up and I did not encounter significant losses. If you ask me for an advice for beginners, I can only say that I’ve been trading for 5 years and still, I am learning. I would advise them to seek their own Holy Grail. Mr. Bloni Dedi Fanri Simarmata from Indonesia – the second best trader: Of course, I am very happy to be among the winners. However I did not spend too much time, it can be seen from the number of my transactions during the contest. My strategy was to use technical analysis using the trend line indicator and to trade manually. Occasionally I use support and resistant levels. During the contest I was able to apply discipline to my trading system. In the previous contests, I have not been able to do it. During the contest I gained the most spectacular profit trading GBP/USD pair, it could reach 69 pips and the most important were moments when prices moved according to my analysis, that’s the most spectacular. Also during the contest, I have only experienced onetime loss and it was not considerable. Major factor that leads to my success is discipline with techniques I applied in trading. I’ve known about Forex since 2007. I think, only discipline can make you become a good trader. And for beginners, I suggest to train discipline in trading, and if you can be disciplined within 3 months, you can become a good trader. Mr. Claudio Pietroni from Italy, coming third: Being a winner is always exciting however, it was expected. If I put a plan to achieve a goal in my mind – I reach it later on. During the contest, I spent only few hours trading, as being a dedicated father I am deeply involved in raising my children. The key factor of my success? I was confident and had a lot of patience because trading is not just opening positions every now and then. My strategy was based on time-frame techniques developed by myself and all trades were executed manually. My spectacular gain was during the last order when I thought I’d loose everything but I remained confident up to the finish line. I did not make losses as my positions were always in gain. To become a good trader I think you have to experience considerable loss to see if you can overcome it and go forward. I am trading for more 10 years now and I had several problems in the past because some people did not believe in my trading work! I have lost a lot of money but despite all I have continued to work hard and now I see the results! I did this especially for my two children and I hope in the future they'll see their father as a winner! Stay tuned to participate in new OctaFX promotions and Contests! 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!

Austria Purchasing Manager Index rose from previous 50.4 to 50.9 in July Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 30, 2014 OctaFX.Com News Updates

OctaFX.com-Round 28 OctaFX Champion Demo contest belongs to Indonesia! Our most popular contest runs its 29 round and today we are proudly summing up the results of the finished round! About 2000 people took part in Round 28 of OctaFX Champion Demo Contest! Among them, three traders from Indonesia, who ended up being most profitable and successful! The last runner that rounds out the whole competition is Indonesian too! OctaFX is happy to congratulate everyone with spectacular trading and victory: 1st place with the award of 500 USD goes to Mr. Drs. Alimuddin M.Si from Indonesia 2nd place with the award of 300 USD goes to Mr. Madani from Indonesia 3rd place with the award of 100 USD goes to Mr. Rahman Afn from Indonesia The last runner in the contest, Mr. Cecep Mahpud from Indonesia, is granted 100 USD. Check Company News page to draw some inspiration from winners’ interviews and unveil the secret of OctaFX Champions! We would like to thank everyone for participation. The contest is designed for our clients to estimate their abilities, gain experience and have fun competing on demo accounts! The true spirit of healthy competition reigns on the field of OctaFX Champion Demo contest! Do you want to find your name in the news next time? 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! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

OctaFX.com-OctaFx wishing EID MUBARAK to All Muslims! Muslims around the world celebrating Eid-ul-Fitr after the Ramadan, the Islamic Holy month of fasting. OctaFx wish to all Muslims Happy Eid Mubarak. May God bless you all with all the happiness in the world and peace, health and prosperity for your families. 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!

Kiwi resumes its stone-like flight FXStreet (Moscow) - NZD/USD started Monday with the gap higher at 0.8551 after closing at 0.8536 on Friday, but the upside was not sustained and the pair dipped to current level of 0.8541. Is kiwi doomed? NZD/USD finished the second deeply bearish week in a row, which is a gloomy sign for the longer-term kiwi perspective. But strictly speaking, weekly technical picture has not turned completely bearish yet, as the series of rising bottoms is not broken. It means that kiwi bulls might try to seize the power and drive NZD/USD at least to 0.8675 resistance are. This development would be regarded as a healthy correction from deeply oversold levels, but further upside is questionable as some kiwi bearish factors might come into play any time soon. Risk sentiments, RBNZ verbal interventions and milk prices - just to name a few. On the intraday basis NZD/USD might return to Friday’s low at 0.8536, where new buying interest is likely to limit further downside, while the upside might be limited by 0.8550. What price levels and patterns have to be considered? Current price is 0.8536, with resistance ahead at 0.8538 (Yesterday's Low), 0.8553 (Hourly 20 EMA), 0.8553 (Daily Open), 0.8555 (Monthly Low) and 0.8555 (Weekly Low). Support below can be found at 0.8533 (Daily Low), 0.8532 (Daily Classic S1), 0.8510 (Daily Classic S2), 0.8488 (Weekly Classic S1) and 0.8481 (Daily Classic S3). Regarding candlestick formations, we can see Dark Cloud Cover formation on the 4-hour . OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

Scope for sustained EUR/AUD bounce limited - TDS FXStreet (Bali) - According to the FX Team at TD Securities, scope for any sustained EUR rebound against the Aussie appears to be limited. Key Quotes "The underlying trend lower in EURAUD remains strongly entrenched in the market, suggesting that in an environment of broader USD appreciation, the EUR is likely to under-perform." "The cross has rebounded modestly through the latter part of the week but, with the DMI oscillator reflecting an intense trend lower unfolding across a range of time frames, we rather think that scope for any sustained EUR rebound is limited." "With the EUR slipping and holding below the base of the June/July consolidation channel (bear flag), we continue to look for a drop to the 1.39 area." "We also think the early June low at 1.4364 will help slow EURAUD rebounds near-term. Look to sell modest rallies." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

Lower milk price to highlight ‘unjustified’ NZD - BNZ FXStreet (Guatemala) - Stephen Toplis, Head of Research at BNZ explained that Fonterra is expected to announce its dividend intentions by Thursday. Key Quotes: “This is a grand opportunity for the dairy giant to also revise its milk price forecast for the 2014/15 season. Any milk price change will receive attention, especially with very little else on the local calendar”. “While both the dividend and milk price forecast are of interest, it is the latter that carries more macroeconomic importance”. “Indeed, it is the NZD’s resilience to the likes of the dairy (and log) price declines that was very much likely part of the reason why the RBNZ labelled the level of the NZD ‘unjustified’ at last week’s OCR announcement”. “With words like that it has got the market abuzz with intervention chatter”. “It will certainly put more attention on Wednesday’s Reserve Bank figures that will show how many NZ dollars the bank bought or sold, on net, even if the data are a bit dated being for the month of June”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

Leveraged funds increase EUR bearish bets - ANZ FXStreet (Bali) - Khoon Goh, Senior FX Strategist at ANZ, reviews the latest changes in the CFTC specs positioning for the week ending 22 July 2014, noting that leveraged funds increased their bearish bets against the EUR. Key Quotes "Leveraged funds increased their bearish bets against the EUR by 19k contracts (worth USD3.1bn), bringing their total net short position to 68.2k (USD11.5bn). This is the largest short position since November 2012. It is notable that this large shift comes after five weeks of relatively stable positioning, indicating renewed bearishness on the euro’s outlook." "Of course, the more bearish view on the EUR could also reflect a more positive outlook on the USD. Net short positions against the greenback have been reduced by USD3.0bn to USD0.5bn." "For the second consecutive week, yen saw the largest net buying, further reducing overall JPY net short positions by 8.5k contracts (worth USD1.0bn) to 45.2k (worth USD5.6bn). However, the shifts in positioning have once again failed to elicit a move in USD/JPY, which continues to trade within a tight range." "Net long positions in GBP have been reduced for the fourth consecutive week. This is possibly an indication that leverage funds see limited scope for further gains in sterling, and are actively unwinding their net long exposure, which still remains large at 102.6k contracts worth USD10.9bn." "Positioning in NZD was reduced slightly ahead of the RBNZ decision on 24 July. The sharp decline in the NZD following the RBNZ decision suggests a sharp unwinding of long positions occurred. There were only minor changes to AUD positioning, which was reflected in the AUD/USD’s movements during that period." "Net long non-commercial position in gold rose by 6.5k contracts to 166.7k. Net long positioning in WTI crude oil fell by 9.9k contracts to 390k. This is the fourth consecutive weekly decline in oil positioning since it reached historic highs in late June." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

NZD/USD chugging along the on the downside FXStreet (Guatemala) - NZD/USD is trading at 0.8541, down -0.16% on the day, having posted a daily high at 0.8559 and low at 0.8538. We are starting-off very quiet, commencing from where we left off after that dramatic fall from above the 0.87 handle last week that leaves NZD/USD here “chugging” along on the downside. Without anything NZD/USD is trading at 0.8541, down -0.16% on the day, having posted a daily high at 0.8559 and low at 0.8538. We are starting-off very quiet, commencing from where we left off after that dramatic fall from above the 0.87 handle last week that leaves NZD/USD here “chugging” along on the downside. Without anything on the calendar until the US opens, it is likely to remain quiet until then, albeit not with anything there particularly key either. However, as the week goes on then the more crowded the US calendar becomes and we may be in for a volatile time. In the mean time for NZD/USD, FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. Daily RSI is in neutral territory at 33.18. NZD/USD Levels Spot is presently trading at 0.8541, and next resistance can be seen at 0.8553 (Daily Open) and 0.8559 (Daily High). Next support to the downside can be found at 0.8532 (Daily Classic S1), 0.8510 (Daily Classic S2) and 0.8488 (Weekly Classic S1). ">on the calendar until the US opens, it is likely to remain quiet until then, albeit not with anything there particularly key either. However, as the week goes on then the more crowded the US calendar becomes and we may be in for a volatile time. In the mean time for NZD/USD, FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. Daily RSI is in neutral territory at 33.18. NZD/USD Levels Spot is presently trading at 0.8541, and next resistance can be seen at 0.8553 (Daily Open) and 0.8559 (Daily High). Next support to the downside can be found at 0.8532 (Daily Classic S1), 0.8510 (Daily Classic S2) and 0.8488 (Weekly Classic S1). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

AUD/USD giving up its gains and coming bearish - FXStreet FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Australian dollar finally gave up. Key Quotes: “Australian dollar finally gave up all of it latest gains against the greenback, consolidating now around the 0.9400 figure and looking short term bearish, with price below its 20 SMA in the hourly chart, and indicators below their midlines, albeit showing no actual strength at the time being”. “In the 4 hours chart the bearish tone coming from technical readings is stronger, eyeing now 0.9370 immediate support as a break below it exposes the pair to a test of critical 0.9330 price zone”. “Support levels: 0.9370 0.9330 0.9300”. “Resistance levels: 0.9420 0.9460 0.9500”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

The week ahead could get volatile - Rabobank FXStreet (Guatemala) - Analysts at Rabobank noted that today has no Asian or European data, with only US Markit services PMI and pending home sales but they look ahead at the rest of the key impactors for the week. Key Quotes: “Tomorrow has Japanese unemployment and retail sales, UK mortgage approvals, and the US S&P/Case-Shiller house price index (given what happened in the US housing bubble, the “shill” part of Case-Schiller always raises a smile), and consumer confidence. The FOMC meeting also starts”. “Wednesday has Japanese industrial production, German CPI, and US ADP employment (which was spot on with the NFP release last month so may get more attention this time). Moreover, we also get Q2 US GDP, which is expected at 3.0% QoQ annualized: that sounds positive, but isn’t really when one considers it was -2.9% in Q1, and given it is not a YoY figure, there should have been a larger bounce than that. Following that we get the FOMC decision, where unless there is a huge shock in the GDP data we can comfortably expect another USD10bn QE tapering tranche”. “Thursday has Aussie building approvals and private-sector credit, UK house prices, German retail sales and unemployment, Indian fiscal data, and US initial claims and the Chicago PMI”. “Friday has China’s official manufacturing PMI, Aussie PPI, the Indonesia and India manufacturing PMIs, and US payrolls for July – expectations are at 231K, down from 288K last month, with unemployment seen steady at 6.1% (officially - versus 12.1% underemployment in June)”. “There is also final Michigan confidence and the ISM manufacturing survey. In short, if we are going to see a return of volatility, this week provides a good platform for it”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

USD/JPY capped by 200 DMA still FXStreet (Guatemala) - USD/JPY is trading at 101.78, down -0.05% on the day, having posted a daily high at 101.85 and low at 101.75. USD/JPY is a slow start to the week, below the 200 DMA still, with the Nikkei down, no events on the calendar and if going by what we have been playing with in recent ranges, then we can presume the next couple of days at least will remain at a slow pace. Looking to a daily chart, we see that RSI is neutral at 53.69 but four hour indicators give us overbought signals. The 200 SMA is currently at 101.71, up from 101.53 at the last period close, and climbing on the hourly USD/JPY chart. USD/JPY Levels Current price is 101.79, with resistance ahead at 101.80 (Hourly 20 EMA) and 101.85 (Daily High). Next support to the downside can be found at 101.75 (Low), 101.66 (Weekly Classic PP) and 101.63 (Daily 20 SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

Strong USD bias in the period ahead - ANZ FXStreet (Bali) - ANZ FX Strategists are betting for a strong USD bias in the period ahead. Key Quotes "We retain a strong USD bias in the period ahead. We expect volatility to show an increased tendency to behave in a step function." "Volatility might be very low for a period, but when it rises, it rises abruptly and substantially. A portfolio that is overweight carry or momentum strategies, under-weighting valuation as a currency screen, or overweight assets in markets where liquidity can be one-sided, are likely to find this challenging." "On this basis, we continue to expect peripheral currency weakness to be the dominant trend. We also, for the first time, expect the EUR to be part of this dynamic, if but only in the near-term. To the extent this EUR view is driven at least partly by the USD side of the equation, we remain distrustful of calls for broad EUR weakness on the crosses." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

AUD/NZD: Short opportunity near term? FXStreet (Bali) - AUD/NZD is trading in consolidation mode just below the 1.10 handle, following a daily bearish doji candle on Friday, after 9 days of unperturbed gains for the pair. Peter Fell, Analyst at FXBeat, notes: "The world seems to have turned bearish Kiwi, to my mind nothing much has changed, rates are on pause, but the next move is higher, intervention is likely just to be more jawboning. Sovereign demand is not going to disappear, the global hunt for yield will continue." Peter adds: "That being said, a fairly low risk trade to buy NZD would be against the Aussie, recent forays above 1.10 have proved exhaustive, the last couple of days has seen a possible double top at 1.1016, if that is the case, there is scope for the cross to trade back to 1.0866, 38.2% fibo on the 1.0624 / 1.1016 rise, 1.0820 is the 50% fibo on the same move, a move above the June high of 1.1036 and all bets are off." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

Specs keeps selling the Euro - Nomura FXStreet (Bali) - David Fritz and Jens Nordvig, FX Strategists at Nomura, look at the latest changes in futures positioning, noting that specs kept selling the Euro for the week ended July 22. Key Quotes "For the week ended July 22, non-commercial accounts continued to sell EUR. On the week ended Tuesday, speculators sold $4.3bn and we estimate they sold an additional $2.0bn since. The EUR was mainly sold against USD, which gained $3.9bn of longs into Tuesday and a further $2.5bn by Friday‟s close." "Speculative accounts sold $4.3bn of EUR by Tuesday, increasing total net shorts to -$15.0bn. This is the most net short EUR has been since November 2012. By Friday we estimate that positioning in EUR had gotten even more net short, to -$16.9bn. Positioning in EUR was only more net short in May 2010 and for a few months starting in November 2011." "JPY shorts were cut on the week ended Tuesday by $1.1bn, bringing spec positioning in JPY to -$6.6bn. This equals the least net short JPY has been since November 2012. This could reflect sentiment that markets are accepting less chance of further easing by the BOJ and losing conviction in yen weakness as USDJPY has been trading sideways for months." "CAD positioning continues to get more net long, even as the Canadian dollar depreciates. Positioning in CAD stood at $1.9bn by Tuesday and remained there through Friday. This is again the most net long CAD has been since February 2013." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 28, 2014 OctaFX.Com News Updates

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Session recap - USD ends the week as king pin FXStreet (Guatemala) - We had a quiet session without much in the way of stimuli besides the US durable goods number which came in better than expected. Instead, we can look at the week overall and the dollar has come out the king of this week amongst the G10’s with a higher yield despite the mount of miserable data over the past couple of days. We have in the main simply held onto the positive results from the unemployment claims that have fallen to their lowest levels in around eight years. EUR/USD has been a non-event in the US session moving within a tight non-compelling range despite the lows of 1.3422 on the dismal French jobs numbers. USD/JPY was yet again a slow burner and without events the pair remains in its daily range, with 102 handle proving out of sight on attempts that left it reaching only as high as 101.90. GBP/USD was the least active and 1.7000 wasn’t to be at the end of this week. This leaves it in a bearish position. Key events: US durable goods better than expected French jobless disappoint and rise to a record 3.4 million OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 26, 2014 OctaFX.Com News Updates

USD/JPY remains in the range despite data flows FXStreet (Guatemala) - USD/JPY is trading at 101.78, down -0.01% on the day, having posted a daily high at 101.95 and low at 101.71. USD/JPY is a non-mover yet again, stuck in the rage while it remains soft looking. Meanwhile, daily RSI is in neutral territory at 53.28. On the hourly USD/JPY chart, the 200 SMA is climbing and currently at 101.68, up from the previous hour close at 101.53. Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that headline CPI printed at 3.6%y/y, ex fresh food was at 3.3%y/y and ex food and energy was at 2.3%y/y. “The release is still distorted from the impact of the consumption tax; but has provided evidence of firming prices in Japan. From the BoJ perspective this likely provides some cover from having to turn towards more aggressive policy in the near-term; however developments to date still suggest that further JPY weakness will be an important piece. USD/JPY Levels With spot trading at 101.78, we can see next resistance ahead at 101.87 (Yesterday's High) and 101.95 (Daily High). Support below can be found at 101.75 (Weekly Classic R1), 101.61 (Daily 20 SMA) and 101.56 (Hourly 100 SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 25, 2014 OctaFX.Com News Updates