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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD/CAD remains above 1.0900, BoC eyed FXStreet (Edinburgh) - The greenback is appreciating against the Canadian dollar on Wednesday, pushing the USD/CAD to the 1.0925/30 area ahead of the BoC statement. USD/CAD looks to the BoC The pair keeps alive the recent rally from the 1.0830 region backed by a better momentum of the US dollar, despite the decreasing yields in the US money markets. In the data front, Canadian trade balance showed a $0.64 billion deficit in April, missing expectations for a $0.20 billion surplus and down from March’s $0.77 billion surplus. Next of note in Canada, the BoC will hold its monetary policy meeting, although there will be no press conference by Governor Poloz. “The BoC is expected to leave its policy rate unchanged at 1.0%. Thus, the main focus will be on the characterization of the outlook portrayed in the statement, as it will have to balance the disappointing outturn for Q1 real GDP with inflation running ahead of what was forecast in the April MPRâ€, commented Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD levels to consider The pair is now up 0.14% at 1.0924 with the next resistance at 1.0962 (61.8% of 1.1053-1.0814) ahead of 1.1001 (21-w MA) and then 1.1014 (low Apr.25). On the flip side, a breakdown of 1.0814 (low May 8) would target 1.0762 (low Jan.8) en route to 1.0737 (high Dec.20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 04, 2014 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
USD/CAD remains above 1.0900, BoC eyed FXStreet (Edinburgh) - The greenback is appreciating against the Canadian dollar on Wednesday, pushing the USD/CAD to the 1.0925/30 area ahead of the BoC statement. USD/CAD looks to the BoC The pair keeps alive the recent rally from the 1.0830 region backed by a better momentum of the US dollar, despite the decreasing yields in the US money markets. In the data front, Canadian trade balance showed a $0.64 billion deficit in April, missing expectations for a $0.20 billion surplus and down from March’s $0.77 billion surplus. Next of note in Canada, the BoC will hold its monetary policy meeting, although there will be no press conference by Governor Poloz. “The BoC is expected to leave its policy rate unchanged at 1.0%. Thus, the main focus will be on the characterization of the outlook portrayed in the statement, as it will have to balance the disappointing outturn for Q1 real GDP with inflation running ahead of what was forecast in the April MPRâ€, commented Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD levels to consider The pair is now up 0.14% at 1.0924 with the next resistance at 1.0962 (61.8% of 1.1053-1.0814) ahead of 1.1001 (21-w MA) and then 1.1014 (low Apr.25). On the flip side, a breakdown of 1.0814 (low May 8) would target 1.0762 (low Jan.8) en route to 1.0737 (high Dec.20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 04, 2014 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com-Become Fan on our Official Face Book Community! Become our fan on Official Facebook community? Have you already declared yourself as our fan? 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 away 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! -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com-Round 26 OctaFX Champions are here to tell you their stories!! All the winners of Round 26 OctaFX Champion Demo contest traditionally answer OctaFX's questions to express the joy of the victory and inspire you to participate in our trademark contest! 1st place – Mr. Rupinus Perangin Angin from Indonesia 2nd place – Mr. Alimuddin from Indonesia 3rd place – Mr. Stanislav Kurbanov from Uzbekistan The last runner – Mr. Vasiliy Popov from Russia How do you feel being an OctaFX Champion? 1st place – Mr. Rupinus Perangin Angin: I feel very happy and believe that everyone can be a winner. 2nd place – Mr. Alimuddin: It is an honor for me because I was able to outperform 1755 other participants. 3rd place – Mr. Stanislav Kurbanov: Certainly, I feel pleasure that I occupied a prize-winning place in competition with such a great amount of participants. What is the key factor to your success? Why are you better than everyone else? 1st place – Mr. Rupinus Perangin Angin: I'm still working on my main job during the day and I traded if there was time during the lunch break. I trade when I have time and see the right opportunity. I took a little pip and did not let the loss be too large with my trading positions. I do not have a special strategy but to follow the trend of the price in progress and continue to develop better strategies. 2nd place – Mr. Alimuddin: I think, the key to success in Forex trading is largely determined by the state of the trader's psychology. Even psychological factors in trading are more important than technical skills. Strategies that I use in trading is a good combination of different techniques that I get from various Forex literature as well as from the experience of successful traders. In OctaFX Champion contest, I just traded part time and it did not take up all my time. I can still do my work. 3rd place – Mr. Stanislav Kurbanov: Here there is also a factor of good luck and, naturally, continuous work. The strategy on this competition was mere expectation of a turn on eur/usd. The strategy varies each month, depending on economic and political factors. I also kept up with a course of competition all month, observed the contenders, estimating the chances to win. What was your most spectacular gain? Have you encountered considerable loss? 1st place – Mr. Rupinus Perangin Angin: The greatest profit occurs at the opening of London session and the biggest losses happen at the closing of London session 2nd place – Mr. Alimuddin: My spectacular profit is when I did BUY order with a large lot at the lowest price and Take Profit at the highest price and I did SELL order with a large lot at the highest price and Take Profit at the lowest price. 3rd place – Mr. Stanislav Kurbanov: The largest increase was just on turn trend on eur. The significant losses were not observed. How long does it take to become a good trader? 1st place – Mr. Rupinus Perangin Angin: Minimum one year. 2nd place – Mr. Alimuddin: The time it takes to become a good trader is very relative, depending on our diligence. 3rd place – Mr. Stanislav Kurbanov: difficult question. I think, that it is necessary to work hard, but some predisposition or talent is still necessary. As in chess, lots of people can play, but to become grossmeister and champions of the world the knack is not enough. In any case, it is necessary to be ready to spend some years, before the first success comes. The last runner – Mr. Vasiliy Popov comments his trading performance: "Yes, I want to increase the performance of the trading system, and I will participate in the following rounds of the competition, even if by the rules I will get 10% of the prize money. My strategy failed to be effective this time – it crashed quickly. I didn’t spend much time competing, either". OctaFX would like to thank all the participants and remind everyone else that next time you can be one of OctaFX Champion Demo Contest winners! Don't let anything stop you from getting into the next Round of OctaFX Champion Demo Contest – prove yourself to be a successful and thoughtful trader, reach new heights, and get a reward you deserve – register in Round 28 OctaFX Champion Demo Contest! Spend your luckiest days 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! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
United States IBD/TIPP Economic Optimism (MoM) registered at 47.7 above expectations (46.5) in June Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 03, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Singapore Purchasing Managers Index down to 50.8 in May from previous 51.1 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 03, 2014 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com- OctaFX awards 6000$ to Trading Sprint Demo Contest Winners! We had been watching the competition closely with great interest to the very moment when 2549 traders crossed the finish line! Today OctaFX team congratulates the winners and awards the prizes! According to the performance of traders, 6000$ prize fund is distributed between five winners: 1st place with the award of 2500 USD goes to Mr. Gennadi Gavruchenkov from Russia 2nd place with the award of 1500 USD goes to Mrs. Ayomi Andina from Indonesia 3rd place with the award of 1000 USD goes to Mr. Rashid Abdullaev from Uzbekistan 4th place with the award of 700 USD goes to Mr. Lisong Zhang from China 5th place with the award of 300 USD goes to Mr. Wahyuno from Indonesia Absolute winner, Mr. Gennadi Gavruchenkov, accelerated towards victory within first days of the entire run and sustained the position! Surprisingly, both most losing and most winning trades were performed by our winner! OctaFX team cannot wait to hear from Mr. Gennadi Gavruchenkov and to ask for some advice for the traders’ community! Overall, 494 contestants ended the competition in profit, with the total amount of winning trades reaching 105 346, which is twice as much than the amount of losing trades throughout the contest. We would like to thank all the participants for competing with determination, trading persistently to the last minute of the contest! The interviews with our winners are to be published within several days, so stay tuned not to miss the excitement that victory brings! Follow your dreams 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! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD/CAD likely to consolidate either side of 1.1000 - Scotiabank FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank commented that the BoC is likely to reiterate its neutral stance next Wednesday, which would support a range bound environment for USD/CAD either side of 1.1000. Key Quotes “BoC is likely to reiterate its neutral stance, emphasizing that interest rates are on hold for an extended period. Friday’s Q1 GDP was disappointing, with soft exports and business investment suggesting that the anticipated shift in the economy continues to prove elusive. However with headline inflation at 2% it will be hard for the BoC to signal anything dovishâ€. “The market is pricing in a balanced outlook for interest rates, with no probability of a hike or cut priced in. For CAD this is likely to support a somewhat range bound environment; with USD/CAD either side of 1.10â€. “USD/CAD shortâ€term technicals: mixed—and range bound warns that for nearâ€term traders there is better risk/reward elsewhere. Support lies at the recent low of 1.0814 while resistance lies at the recent high of 1.0942â€. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD/JPY stumbles after ISM manufacturing FXStreet (Córdoba) - The USD/JPY tripped and fell toward the 102.00 area after the ISM manufacturing index came in well below market’s expectations. The Institute for Supply Management said its manufacturing index fell to 53.2 in May from 54.9 in April. That fell short of the 55.8 forecast although readings above 50.0 point to expansion in the sector. The USD/JPY backed away from a 2-week high of 102.28 and slid to 102.04 before finding support. At time of writing, the USD/JPY is trading at the 102.10 area, still 0.26% above its opening price. USD/JPY technical perspective “In the 4 hours chart indicators also present a strong upward momentum that will prevail as long as buyers surge on dips down to 102.00â€, said Valeria Bednarik, chief analyst at FXStreet. “Daily chart shows 100 SMA around 102.35, offering intraday resistance: accelerations above this latter should lead to the 102.70/103.00 price zoneâ€. USD/JPY levels to watch In terms of technical levels, if the USD/JPY next resistances could be found at 102.27/28 (May 14 & June 2 highs) and 102.35/37 (May 13 high/100-day SMA). On the other hand, supports are seen at 101.75 (Jun 2 low), 101.42 (May 29 low) and 101.35 (May 22 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
USD/CAD hits 1.0900 FXStreet (Edinburgh) - The greenback is now picking up pace vs. its Canadian counterpart on Monday, lifting the USD/CAD to post multi-day highs around 1.0900 the figure. USD/CAD in 2-week highs The pair managed to leave behind the overnight consolidation around 1.0840 to briefly climb above the 1.0900 handle after mixed data from the US docket: Markit manufacturing PMI surprised investors to the upside in May (56.4 act. vs. 55.5 exp.) while the ISM Manufacturing dropped to 53.2 vs. 55.4 forecasted. “The pair has struggled to sustain upward momentum away from the trend line resistance-turned-support drawn off of the March peak. Gains above 1.0868 would open up a run into 1.0940/50; conversely, a break below 1.0819 would enable a slide towards 1.0750â€, commented Shaun Osborne, Chief FX Strategist at TD Securities. USD/CAD key levels At the moment the pair is up 0.45% at 1.0895 and a break above 1.0942 (high May 21) ahead of 1.0962 (61.8% of 1.1053-1.0814) and finally 1.1001 (21-w MA). On the flip side, the initial support lines up at 1.0814 (low May 8) ahead of 1.0762 (low Jan.8) and then 1.0737 (high Dec.20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
United States ISM Prices Paid above forecasts (57) in May: Actual (60) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
EUR shorts increased last week - Societe Generale FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, noted the increase in EUR short positions, according to the last CFTC report. Key Quotes "CFTC positioning data for last Tuesday show that EUR shorts increased. They are back to levels which preceded the Euro bottoming-out after the last ECB rate cut in November, though relative to a longer-term history the short position is small." "A 10-bp cut in both Refi and Deposit rates is universally expected this week, and the market is merrily muttering about what more the ECB can do. The result is that we may see a lack of trend for the next few days." "SG Economists are looking for a targeted LTRO, an end to SMP sterilisation, and a EUR 300bn asset purchase programme, targeted at the private sector. That would amount to a slightly more aggressive package than the market is priced for." "This would be risk-friendly, helping peripheral and financial sector debt and equity, rather than moving EUR/USD very far, though we remain seller of the Euro vs PLN, TRY, GBP and NOK and a short-covering rally in EUR/USD, would be a chance to sell. In the meantime, we watch peripheral European PMIs this morning and preliminary German CPI data for May. On which note, so far, a soft Saxony figure." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Germany: CPI (May) at 0.9% YoY FXStreet (Edinburgh) - The preliminary May CPI in Germany showed that consumer prices expanded at an annual pace of 0.9%, missing forecasts for 1.1% gain and lower than the 1.3% previous. On a monthly basis, prices contracted 0.1% vs. 0.2% expected. The HICP rose 0.6% over the last twelve months and contracted 0.3% inter-month. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Session Recap: Euro weighed by PMIs FXStreet (Córdoba) - It was a lively session for the Euro amid Eurozone PMIs releases as investors await the ECB meeting Thursday. The EUR/USD was weighed by disappointing PMIs across the Eurozone and soft German inflation figures ahead of the Eurozone CPI tomorrow. The EUR/USD remains vulnerable near recent lows ahead of teh European Central Bank policy meeting Thursday. Consensus is now calling for cuts of the 3 main rates. However, with much of this move already priced in, EUR bears might want to take profits if the bank does not surprise. The EUR/USD fell to a low of 1.3593 before quickly bouncing back above 1.3600. Elsewhere, majors had a quiet session. The GBP/USD was steady around 1.6750 while the USD/JPY steadied around 102.00 after rising during Asian hours. The USD/CHF moved in tandem (although inversely) with the EUR/USD and reached a 5-day high of 0.8985 before pulling back. Meanwhile, the Aussie is among the worst performers weighed by weak Aus building permits. The AUD/USD hit a 4-day low of 0.9242 before bouncing slightly. During the New York session watch for US Markit manufacturing PMI, the ISM manufacturing index and construction spending. Main Headlines in Europe: What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank European stocks open broadly higher Fed's Evans: Inflation expected to remain below 2% for some time Germany: PMI Manufacturing slides to 52.3 in May EMU: PMI Manufacturing drops more than expected in May OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
AUD/USD keeps session lows FXStreet (Edinburgh) - The Aussie dollar remains unable to pick up pace on Monday, confining the AUD/USD to the lower band of the intraday range around 0.9260. AUD/USD hurt by data Poor data from Building Permits in Oz during April prompted investors to sell the Aussie overnight, sending spot to session lows just above 0.9240. Further data showed TD Securities Inflation generally in line with expectations (2.9% YoY, 0.3% MoM) although the release had no incidence on the pair. “The key question is whether domestic data can save the Aussie dollar from sliding iron ore prices. .. But 0.9200/10 remains very strong support, having held since March. And if the RBA’s language on Tue is little changed and Q1 GDP is near our expectations (3.2% y/y), the Aussie probably won’t test that key support. Broad range still 0.92-0.94, albeit with most action likely to be in the lower half of the range near termâ€, observed the research team at Westpac Global Strategy Group. AUD/USD levels to watch As of writing the pair is losing 0.57% at 0.9258 with the next support at 0.9210 (low May 29) ahead of 0.9208 (low May 21) and then 0.9179 (200-d MA). On the flip side, a break above 0.9303 (50-d MA) would open the door to 0.9330 (high May 30) and finally 0.9336 (high May 20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page June 02, 2014 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
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! -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com-More than 200000 real accounts opened! Since the day of establishing the company, we went through significant changes in all the fields, constantly improving every available feature and today OctaFX team is thrilled to bits to announce that more than 200 000 clients trust us! 200 000 account is opened today, and it becomes one of the landmarks in our history! For you to celebrate this important event with us, we have found several reasons to join more than 200 000 content traders, confirmed statistically: OctaFX unites clients from over 150 countries of the world , which makes us a truly global broker Total volume of more than 4 billion USD is traded within a usual day Over 500 new accounts are opened daily Over 50000 profitable trades are executed daily by our customers Less than 300 people a day address our award-winning Customer Support, which means that the rest are perfectly satisfied with our services We have received 8 prestigious awards in 3 years from reliable and competent observers of the Forex Industry We are immensely proud to provide you with the best service possible and keep the standards high, in line with company motto “Let the traders trade and we will take care of everything elseâ€. Thank you for staying our dedicated clients. OctaFX CEO OctaFX team continues to do everything possible for your trading experience to be convenient and is always open to any feedback. Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
EUR/USD: recovery capped by 200-day SMA FXStreet (Córdoba) - The EUR/USD saw a short-lived spike to fresh daily highs at the beginning of the American session but lacked follow-through and surrendered gains. The dollar also managed to temper losses after the US Chicago PMI came in better-than-expected in May. The PMI rose to 65.5 rather than the expected fall to 61.0 from 63.0 points scored in April. The EUR/USD reached 2-day high of 1.3638 but was halted by the 200-day SMA. At time of writing, the pair is trading at 1.3620, still up 0.15% on the day. However, the euro is set to end the week little changed and the month with a 1.7% loss, pressured by perspectives the ECB might ease its policy further when it meets on Jun 5th. The ECB meeting is not the only major event next week. The Eurozone will release CPI figures and the US will publish the nonfarm payrolls report. EUR/USD technical levels In terms of technical levels, if the EUR/USD breaks decisively above 1.3638 (200-day SMA), next resistances could be found at 1.3668 (May 27 high) and 1.3700 (psychological level). On the other hand, supports are seen at 1.3585 (May 29 low), 1.3561 (feb 12 low) and 1.3520 (Fibo 38.2% of 1.2757/1.3993). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
United States Chicago Purchasing Managers' Index above expectations (61) in May: Actual (65.5) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
EUR/USD edging higher, eyes on 1.3620 FXStreet (Edinburgh) - The shared currency looks to put further distance from the key support at 1.3600 on Friday, taking the EUR/USD to test the upper band around 1.3615/20. EUR/USD indifferent after data The pair has practically paid no attention to today’s mixed results from the German retail sales and lower than expected consumer prices in Italy, managing to keep the trade above the 1.3600 handle so far. However, the heavy trade is set to prevail, as the ECB meeting is closer. “Recent euro weakness in advance of next week’s ECB policy meeting highlights that monetary easing expectations have likely already been discounted. For euro weakness to accelerate after next week’s meeting, it would likely require the ECB to either adopt some form of asset purchases or indicate that they are becoming a more realistic policy option in the near-termâ€, suggested the research team at BTMU. EUR/USD key levels At the moment the pair is up 0.08% at 1.3614 and a break above 1.3638 (high May 28) would open the door to 1.3644 (200-d MA) and finally 1.3655 (Tenkan Sen). On the downside, the immediate support aligns at 1.3586 (low May 29) followed by 1.3585 (low Feb.13) and then 1.3563 (low Feb.12). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
GBP/USD: recovery falters FXStreet (Córdoba) - The recovery of the GBP/USD from 1-month lows proved to be short-lived after the Cable stalled at 1.6757 during the European session. The GBP/USD failed to overcome the 1.6760 area and came under renewed pressure, retracing most of its intraday gains ahead of the American opening. No UK data is scheduled for today but a bunch of US key figures are on the calendar while 3 FOMC member are set to speak, which could offer some catalyst to the pair. GBP/USD technical levels The GBP/USD is currently trading at the 1.6725/30 zone, still 0.09% above its opening price, with immediate resistances lining up at 1.6757 (May 30 high), 1.6768 (50-day SMA) and 1.6815 (May 28 high). On the other hand, supports are seen at 1.6692 (May 29 low), 1.6663 (100-day SMA) and 1.6603 (Apr 8 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 30, 2014 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com-is now available in Spanish and Portuguese! Next fundamental improvement this year affects our Spanish and Portuguese speaking customers! We have promised you diverse range of language versions and we kept that promise to announce today that our accessibility improved! As we consider an individual approach to every customer one of our vivid advantages, we have invested the incredible amount of effort to make communication between OctaFX and customers speaking Spanish and Portuguese direct. Both Portuguese and Spanish versions have a built-in translated Personal Area, so now managing your accounts becomes more rapid and comprehensible. Now that Personal Area speaks your language, you can easily: Deposit and withdraw funds, make internal transfers Open new accounts View account statistics Manage your personal profile Participate in our thrilling contests Receive bonuses Our web-site upgrade allows traders to be always updated on latest Company News to get to know about current promotions, trading hours or latest innovations aimed at your successful trading. OctaFX is all about making your trading experience flawless and smooth. You can always contact us for any possible inquiries you might have. Stay tuned to know about your local OctaFX web-site language version firsthand! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today![/size] Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
United States 7-Year Note Auction dipped from previous 2.317% to 2.01% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
NZD/USD tumbles to 0.8450 FXStreet (Córdoba) - The NZD/USD broke broke below 0.8470 and fell quickly to 0.8450 reaching the lowest price since March 12. The Kiwi is falling sharply across the board. After bottoming the NZD/USD rebounded slightly and currently trades at 0.8468, down 0.29% for the day so far. The pair is falling for the second day in a row, accumulating a decline of a hundred pips. NZD/USD technical outlook The pair weakened earlier after being unable to hold above 0.8700 and accelerated to the downside after breaking short term support levels. Now headed toward the second daily close in a row below 0.8500, the outlook remains bearish. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
United States Pending Home Sales (MoM) came in at 0.4%, below expectations (1%) in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates