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Another failing bounce in the EUR/USD; back below 1.3600 The EUR/USD failed again to bounce back above the 1.3600 area following the weak US GDP number and after a brief jump from 1.3585 to trade as high as 1.3625, the EUR/USD returned below the 1.3600 in the latest few minutes. Currently, EUR/USD is trading at 1.3599, up 0.06% on the day, having posted a daily high at 1.3627 and low at 1.3586. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish. EUR/USD sentiment "The hourly chart shows 20 SMA offering short term support around the figure and with a shy bullish slope, while indicators turn lower above their midlines," affirms Valeria Bednarik from FXStreet. "In the 4 hours chart technical indicators present a mild bearish tone while 20 SMA caps the upside around the daily high." Jamie Coleman from FXBeat commented that the EUR/USD is back below 1.3600 as "the dollar index is taking another peek at 80.58/60. That level is key for further broad USD strength." Coleman points that the pair support "remains clustered in the 1.3550/70 zone; sovereign bids have been rumored ahead of that area this morning." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2014 OctaFX.Com News Updates

OctaFX Champion - Just 3 days left to starting Round 27 OctaFX Champions Demo Contest! Dear traders! We are proud to announce that Round 26 of OctaFX Champion Demo Contest is now over! It’s been a fascinating month, where leaders’ grid changed every day dramatically! The intrigue was there till the very last day. And the most successful traders have proven their leadership and won the contest! Stay tuned for the official Award Ceremony later on this week. We will introduce the winners to you, talk to them about their success and what key factors in their trading helped them win. In the meantime, we are happy to announce that Round 27 of OctaFX Champion Demo Contest has officially going to start after 3 days! OctaFX most popular and long-standing demo contest finished its 26th round! Here is some interesting statistics on Round 26: 64832 trades were performed, with the total volume traded by contestants reaching 69611.00! 379 contestant ended the competition in profit! Register in the contest, trade your demo account like a champion, win and get amazing prizes! Any possible trading techniques are welcome, whether EAs, scalping, hedging, or whatever you want to use! Be a winner and the total prize fund of 1000 USD monthly can become yours! Strongest traders of the world will be competing for the amazing prizes of this contest, namely: 1st prize gets 500 USD 2nd prize gets 300 USD 3rd prize gets 100 USD The last place gets another 100 USD. Contests schedule Next round (EET) Registration: Apr 28, 2014 01:00 - Jun 2, 2014 01:00 Duration: Jun 2, 2014 01:00 - Jun 28, 2014 01:00 Contest rules and regulations Take part Now! Choose your right trading path with OctaFX! 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!

ECB Financial Stability Review: Eurozone banks seen strengthening, but risks remain FXStreet (Łódź) - In the ECB Financial Stability Review, released on Wednesday, the central bank said that the Eurozone economic recovery is expected to remain uneven and continue at a slow pace. Sentiment could be undermined by political tensions in Ukraine and a possible growth slowdown in China, the report stated. It was stressed however that the advancing preparations for the banking union in the euro area and the financial institutions' efforts to strengthen their balance sheets have reduced stress in the banking sector considerably. Furthermore, the intensification of the search for yields has been beneficial for Eurozone banks and Member States so far. The three main risks for financial stability in the Eurozone during the next 18 months, listed in the report include an “abrupt reversal of the global search for yield, amid pockets of illiquidity and likely asset price misalignments,” a “continuing weak bank profitability and balance sheet stress in a low inflation and low growth environment,” as well as “re-emergence of sovereign debt sustainability concerns, stemming from insufficient common backstops, stalling policy reforms, and a prolonged period of low nominal growth.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 28, 2014 OctaFX.Com News Updates

United States Redbook index (MoM) fell from previous 1% to 0.7% in May 23 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 28, 2014 OctaFX.Com News Updates

EUR/USD warming up for 1.3600? FXStreet (Edinburgh) - The shared currency is extending its intraday decline on Wednesday, with the EUR/USD putting to the test the key support at 1.3600. EUR/USD in multi-week lows The pair is losing ground for the fourth consecutive week after hitting ytd tops just below the 1.4000 handle, drifting back to levels last seen in early February near the critical 1.3600 support. The demand for the EUR remains subdued amidst speculations of further easing by the ECB in its next meeting on June 5th. “EUR dipped overnight to retest the recent low at 1.3615. While the undertone is negative, the rebound from the low has resulted in a mixed outlook for today. Expect 1.3670/75 to limit any further recovery but a sustained down-move is likely only upon a clear break below 1.3610/15”, noted Quek Ser Leang, Market Strategist at UOB Group. EUR/USD relevant levels As of writing the pair is losing 0.16% at 1.3612 with the next support at 1.3585 (low Feb.13) ahead of 1.3563 (low Feb.12) and finally 1.3552 9low Feb.7). On the upside, a break above 1.3638 (high May 28) would open the door to 1.3669 (high May 27) and then 1.3672 (Tenkan Sen). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 28, 2014 OctaFX.Com News Updates

ECB's Mersch: All three rates could be cut next week FXStreet (Łódź) - Speaking on panel in Tokyo on Wednesday ECB Executive Board member Yves Mersch signaled that the ECB was comfortable with adopting a combination of conventional as well as unconventional measures at the upcoming meeting on June 5. The ECB policymaker suggested that if the Governing Council decided to cut rates they would most probably affect all three rates: the main refi rate, the deposit as well as the marginal lending facility. He said that the exchange rate plays an important role as far as inflation is concerned, but that the ECB didn't have an exchange rate objective. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 28, 2014 OctaFX.Com News Updates

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South Africa Gross Domestic Product (QoQ): -0.6% (1Q) vs previous 3.8% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 27, 2014 OctaFX.Com News Updates

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Latin America EM Express: Zuluaga wins the first round of the Colombian presidential election FXStreet (Łódź) - Colombia held presidential elections on Sunday and exit polls suggest that Former Finance Minister Oscar Ivan Zuluaga has won in the first round with a 29.3% support, which is a blow for incumbent Juan Manuel Santos who received only a 25.7% backing. The runoff election will take place on June 15. Both rivals for the post have similar policies, although Zuluaga calls for adopting a tougher stance against the Revolutionary Armed Forces of Colombia (FARC). In case of his victory the ongoing peace talks could be broken off. Economic data On Friday Brazil released Current Account data which showed a widening to a $ -8.29B deficit in April from $ -6.25B in March, above expectations of a $ -6.70B result. Foreign Direct Investment increased to $5.23B from $5.00B, below forecasts of $5.40B. Argentina's annual preliminary Industrial Production dropped 4% in April, up from the 5.9% decrease in March and beating expectations of a 6.1% fall. Colombia's Trade Balance numbers revealed that the $-505.6M deficit seen in March narrowed to $-276.2M in April On Monday Mexican flash Trade Balance data showed that the $1.027B surplus recorded in March narrowed to $0.510B in April, against consensus of a shift to a $-0.758B deficit. Technicals The Colombian peso was little changed at 1,909.76 against the dollar on Monday. The Brazilian real on the other hand was boosted by the successful Ukrainian election and increased rose a three week low on Monday, strengthening by 0.1% 2.2217 against the greenback. On Friday the USD/BRL daily FXStreet Trend Index was slightly bullish and the OB/OS Index was neutral. RSI stood at 47 at the last close, and has slid to 46 so far today. Daily 2-StDev Volatility Bandwidth was expanding at 98 pips, with ATR (14) shrinking at 161 pips. The 1D 200 SMA was at 2.2999, while the 1D 20 EMA was at 2.2228. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 26, 2014 OctaFX.Com News Updates

OctaFX Champion - Rejoice for Round 26 OctaFX Champions! OctaFX most popular and long-standing demo contest finished its 26th round! Here is some interesting statistics on Round 26: 64832 trades were performed, with the total volume traded by contestants reaching 69611.00! 379 contestant ended the competition in profit! Out of 1755 in total, four participants receive their well-deserved prizes: 1st place with the award of 500 USD goes to Mr. Rupinus Perangin Angin from Indonesia 2nd place with the award of 300 USD goes to Mr. Alimuddin from Indonesia 3rd place with the award of 100 USD goes to Mr. Stanislav Kurbanov from Uzbekistan The last runner in the contest, Mr. Vasiliy Popov from Russia, is granted 100 USD. We would like to thank all the contestants for participation: don't get discouraged if your name isn't mentioned above, as the one who dares always finds his reward! The contest itself serves as a perfect foundation of getting trading experience with OctaFX, and we congratulate all the participants and hope that OctaFX Champion demo contest helps to invent and turn down trading strategies, picking the right one. Estimate your abilities and find your trading style by enrolling yourself in Round 27 OctaFX Champion Demo contest - register and become a participant of our thrilling contest. Join 1738 traders on their way to amazing prizes from OctaFX! Don't hesitate - the competition starts in a week. Choose your right trading path with OctaFX! 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!

EMEA EM Express: Ukrainian stocks soar on succesful presidential election FXStreet (Łódź) - As widely expected, billionaire chocolate tycoon Petro Poroshenko won a decisive victory in the Ukrainian presidential election, with former PM Yulia Tymoshenko finishing on a distant second position. After the release of exit polls Poroshenko pledget to resolve the conflict in eastern Ukraine as soon as possible and announced that his first trip would be to the regions overcome by unrest, including the cities of Luhansk and Donetsk, where pro-Russian separatists took control of governemnt buildings and many roads.. In the 1 million city of Donetsk nobody was allowed to vote and in Luhannsk most of the polling stations were closed. Russia's Foreign Minister Sergei Lavrov also commmented on the Ukrainian vote, saying that Moscow was ready to hold talks with Poroshenko, but called for toning down the military operation against the separatists in the eastern part of the country. "Taking into account the expression of will that has taken place, which we respect, we will be prepared to establish pragmatic, equitable dialogue on the existing foundation - by which I mean the fulfillment of all existing agreements, including in trade and the gas sector," Lavrov assured. Poroshenko's victory was a positive development for both the Ukrainian and the Russian bond markets, where yeilds were seen dropping. Russia’s Micex Index climbed by 1.2% to 1,455.59 while the Ukrainian Equities Index soared 4.9% to 1,233.73, the most worldwide. It was the highest level recorded by the index in two years. Economic data The Polish Central Statistical Office informed on Monday that on a monthly basis Unemployment has decreased to 13% in April from 13.5% recorded in March, slightly missing expectations of a decline to 12.9%. Polish annual Retail Sales grew 8.4% in April, up from the 3.1% increase the previous month and below forecasts of +9.1%. Turkish Foreign Arrivals jumped to 8.2% in April, from 0.6% in March, according to data published by TurkStat. Technicals The Ukrainian hryvnia was up 0.3% at 11.915 against the greenback on Monday. On Friday, ahead of the elections, the USD/UAH daily FXStreet Trend Index was strongly bullish, with the OB/OS Index neutral. RSI was at 56 at the last close. The Russian ruble was little changed against the central bank’s target dollar-euro basket at 39.7695, as well as against the dollar, at 34.17. It fell against the euro by 0.1% to 46.6355. On Friday the USD/RUB daily FXStreet Trend Index was slightly bearish, with the OB/OS Index oversold. RSI was at 26 at the last close, and has climbed to 59 so far today. Daily 2-StDev Volatility Bandwidth was expanding at 5355 pips, with ATR (14) shri OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 26, 2014 OctaFX.Com News Updates

GBP/USD deflates to 1.6830 FXStreet (Edinburgh) - The sterling is following the market mood on Monday, with the GBP/USD trading in a narrow range around 1.6830. GBP/USD extends the correction The pair seems to have found decent support near 1.6800 the figure, coming down from last week’s tops above the 1.6900 handle. Looking forward, it will be a light week in terms of data releases in the UK economy: BBA Mortgage Approvals (Tuesday), Nationwide Prices (Wednesday) and the Gfk Consumer Confidence survey (Friday). In the view of Jane Foley, Senior FX Strategist at Rabobank, “The fact that sterling retains its place at the best performing developed world currency over the past 12 months suggests there is a lot of good news priced-in. Long positions and the tendency for the market to allow itself to be carried away suggest that the pound is likely to be subject to bouts of profit-taking in the months ahead”. GBP/USD levels to consider As of writing the pair is up 0.03% at 1..6837 with the immediate resistance at 1.6875 (high May 23) ahead of 1.6917 (high May 22) and finally 1.6922 (high May 21). On the flip side, a breakdown of 1.6813(low May 23) would expose 1.6802 (low May 20) and then 1.6784 (low May 16). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 26, 2014 OctaFX.Com News Updates

EUR/USD edges higher, eyes on 1.3650 FXStreet (Edinburgh) - The single currency remains buoyant on Monday, now lifting the EUR/USD to post fresh intraday highs around 1.3645/50. EUR/USD in 2-day highs The pair is partially trimming the recent sharp pullback to the vicinity of 1.3600 the figure, managing to recover the mid-1.3600s. Next of note in the euro area will be the M3 Money Supply figures due on Wednesday ahead of confidence/sentiment gauges on Thursday. However, the main scenario remains unchanged: market participants continue to assess the potential easing measures by the ECB, as we get closer to the June 5th meeting. “Despite oversold conditions, the EUR down-move still appears incomplete. However, waning downward momentum suggests that a sustained break below 1.3600 is unlikely for now. Only a move above 1.3655 will indicate that an interim low is place”, observed Que Ser Leang, Market Strategist at UOB Group. EUR/USD key levels As of writing the pair is up 0.04% at 1.3635 and a surpass of 1.3658 (high May 23) would open the door to 1.3688 (high May 22) and finally 1.3723 (high May 21). On the flip side, the initial support aligns at 1.3616 (low May 23) followed by 1.3585 (low Feb.13) ahead of 1.3563 (low Feb.12). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 26, 2014 OctaFX.Com News Updates

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OctaFX.com- Happy weekend to all! Happy Weekend to all! 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!

Colombia Trade Balance rose from previous $-505.6M to $-276.2M in March Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 24, 2014 OctaFX.Com News Updates

Lower Canada relative productivity linked with CAD upside – BTMU FXStreet (Guatemala) - Strategists at Bank of America Merrill Lynch explained that the productivity growth has long been a concern in Canada, where it has been running lower than that of the US. Key Quotes: “The differential has actually widened substantially since the end of the tech boom”. “From an FX perspective, generally such a negative productivity differential implies longer-term currency weakness”. “However, the relatively low productivity growth in Canada has been consistent with a stronger CAD (see the Chart of the day, which shows one reduced-form illustration of the link between USD/CAD changes and relative Canadian productivity), despite the usual relationship between weaker productivity and a weaker currency over the longer-term”. “The persistent relative under performance of Canadian productivity relative to that in the US is consistent with our own longer-term expectations that broader macro conditions should lead to some further Canadian dollar weakness this year, but with some resumption of strength afterward”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 24, 2014 OctaFX.Com News Updates

USD/JPy gains to remain capped - TDS FXStreet (Guatemala) - Strategists at tD Securities explained that they look for USD/JPY gains to remain capped at or near the cloud resistance base (currently 102.44) from here. "USD/JPY’s decline stalled around the 200-day MA and the 2014 low just below 101 this week; the large “doji” candle that price action developed mid-week around these technically sensitive support points will allow for a modest rebound in the USD in the near-term but we do not (yet, at least) have any conviction that the recovery in the USD is sustainable". "Underlying momentum indicators are still negatively aligned on the longer-term studies and the USD’s overall position on the daily cloud chart remains negative". We look for USD/JPY gains to remain capped at or near the cloud resistance base (currently 102.44) from here. Only a sustained push higher through the mid/upper 102s would imply that there is more recovery potential at the moment. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 24, 2014 OctaFX.Com News Updates

What would a negative deposit rate achieve? - Rabobank FXStreet (Guatemala) - Analysts at Rabobank explained that given that there are still imbalances in the way liquidity is distributed across the banking system in the eurozone, a negative deposit rate may speed up the process of defragmentation. “Net policy lending by the Eurosystem to banks in Spain and Italy is still significant, whereas it is negative in some core member states, such as Germany, the Netherlands and Austria, where deposits at the central bank outstrip their borrowings from the ECB”. “Germany and Luxembourg are also the main counterparts in terms of having net Target-2 claims”. “We believe it is quite unlikely that core banks will suddenly start lending more to banks in the periphery should the ECB introduce a small negative deposit rate, but we would envision downward pressure on interbank deposit rates and short-term instruments such as T-bills from the highest rated member states, as banks with a large liquidity surplus seek alternatives to paying for their excess reserves”. “Moreover, global banks, which have access to overnight facilities at other central banks that still pay for excess liquidity, may be incentivized to enter cross currency swaps and put their excess reserves at the Federal Reserve or Bank of England, for example. Therefore, at the margin, we believe a negative deposit rate could also put further downward pressure on the euro exchange rate – which of course does appear to be one of the aims of such a policy measure (although the ECB wouldn’t explicitly admit so)”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 24, 2014 OctaFX.Com News Updates

GBP/USD steadies as UK heads into a long weekend FXStreet (Córdoba) - The GBP/USD entered a consolidation phase during the New York session and has spent the last hours trading within a narrow range. The GBP/USD dropped roughly half a cent and pulled back toward the 1.6825 area after failing to overcome 1.6875 during the European trade. No UK data was released today and with new home sales as the highlight of the US calendar until Tuesday, the Cable has been left searching for catalysts ahead of the long weekends in UK and US. At time of writing, the GBP/USD is trading at the 1.6840 area, 0.16% below its opening price, but still on track to close the week higher after receiving strong boost on the back of much better than expected UK retail sales Wednesday. GBP/USD technical outlook Valeria Bednarik, chief analyst at FXStreet notes that the technical picture is bearish according to short-term charts. “Below 1.6770 the pair has a pretty clear path down to 1.6730 past week low, but further losses are not yet likely”. Bednarik locates next support levels at 1.6810, 1.6770 and 1.6730, while she sees resistances at 1.6885, 1.6920 and 1.6960. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2014 OctaFX.Com News Updates

Mexico Gross Domestic Product (QoQ) rose from previous 0.2% to 0.3% in 1Q Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2014 OctaFX.Com News Updates

Canada: CPI (Apr) rose 2.0% YoY FXStreet (Edinburgh) -Canadian consumer prices rose 2.0% on a year to April and 0.3% inter-month, matching expectations. The Bank of Canada Core CPI rose 1.4% over the last twelve months and 0.2% MoM. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2014 OctaFX.Com News Updates

Canada Consumer Price Index (YoY) in line with forecasts (2%) in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2014 OctaFX.Com News Updates

CBoT cut its refi rate - BTMU FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, observed the CBoT is reversing its last emergency rate hike. Key Quotes "The Central Bank of Turkey even judged yesterday that it now has some scope to begin reversing the aggressive emergency monetary tightening which was delivered at the end of January. The CBoT’s actions proved successful at helping to stabilize the lira which has since retraced most of its sharp sell off which was recorded between December 2013 and January 2014." "The CBoT decided yesterday to lower their benchmark repurchase rate by 0.50 point to 9.50% citing reduced uncertainty and a decline in Turkey’s risk premium as the main justification for the move. The CBoT also stated that it will maintain a tight monetary policy stance until there is a significant improvement in the inflation outlook." "Inflation is soon expected to peak although it remained elevated at 9.4% in April, and is now expected by the CBoT to be at 7.6% by the end of 2014. With the real policy rate adjusted for inflation only just in positive territory now further CBoT monetary easing would leave the lira more exposed if financial market conditions were to become more volatile again. However, current low volatility conditions still remain supportive for carry currencies like the lira in the near-term." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2014 OctaFX.Com News Updates