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Italy Producer Price Index (MoM) fell from previous 0% to -0.2% in March Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 30, 2014 OctaFX.Com News Updates

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United States S&P/Case-Shiller Home Price Indices (YoY) came in at 12.9% disappointing expectations (13%) in February Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 29, 2014 OctaFX.Com News Updates

United States Redbook index (YoY) climbed from previous 3.7% to 3.8% in April 25 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 29, 2014 OctaFX.Com News Updates

OctaFX Champion - Round 25 OctaFX Champions secured their positions in the Hall of Fame! Whilst Round 26 participants are trading nonstop, we are ready to congratulate Round 25 OctaFX Champion Demo Contest winners! Look at their names and do not forget to come back for the success stories later this week. Four out of 1 561, the luckiest traders of the past round are: 1st place with the award of 500 USD goes to Mrs. A Nguyen Thi from Vietnam 2nd place with the award of 300 USD goes to Mr. Dimuthu Jayawardena from Shri-Lanka 3rd place with the award of 100 USD goes to Mr. Mahmoud Mohamed Tawfik Samah from Egypt The last runner in the contest, Mr. Muh Salim Jihad Eko Mardiko from Indonesia, is granted 100 USD. OctaFX team is also convinced that apart from 4 prizes, every participant gets valuable experience that will allow to perform trades on real accounts in future with more confidence. OctaFX Champion Demo contest helps to estimate your abilities and we are happy to present you this opportunity. We would like to thank all the participants – remember, the result is unpredictable until the last second of the round – keep practicing and do your best to win and become OctaFX Champion! If you are willing to elevate your trading experience and fight for our prizes - register and become a participant of Round 27 OctaFX Champion Demo Contest. 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!

Gold clings to USD1,300/oz level after support from Ukraine tensions FXStreet (London) - Gold prices are clinging to the USD1,300/oz mark, after being supported by haven demand on concerns over the Ukraine. The recent rally in the precious metal ended a four-week decline. Gold had climbed to a six-month high in March at USD1,380 on Russian military incursions into the Crimea. In the interim, gold prices declined by 9 percent on hopes that tensions would ease in the area. Gold remains up 8.1 percent on the year-to-date, but follows a 28 percent decline in 2013, the biggest decline since 1981. However, there are signs that the rally in gold may be short-lived. Decline of indiscriminate Chinese demand Data released overnight by the Hong Kong Census and Statistics Department showed that net gold inflows from Hong Kong into mainland China declined to 85.128 tonnes in March, down from 112.314 tonnes in February. The declines were driven by a weaker domestic Renminbi as well as discounted mainland gold prices reducing Hong Kong gold demand from Chinese banks. According to the World Gold Council, China consumed a record 1,066 tonnes of gold last year, overtaking India as the world’s largest gold consumer. The decline in Hong Kong gold demand suggests a slowing of indiscriminate appetite for gold from Chinese banks. Relative US tightening A further source of downside pressures comes from the Federal Reserve’s continuing support for the policy of QE tapering. The Fed has cut USD10bn from its asset purchase programme in successive meetings since its first round of tapering in December, with the programme currently standing at USD55bn-a-month. With a return to relatively-tighter monetary policy, investor appetite for gold as a store of value has tumbled. Spot gold prices currently stand at USD1,299.60, clinging to support around the psychologically-important USD1,300 level. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 28, 2014 OctaFX.Com News Updates

GBP/USD finds resistance post spike FXStreet (London) - GBP/USD spiked this morning alongside the Euro, benefiting from rising risk sentiment and stop triggering, before finding resistance ahead of clustered sell orders. With GBP/USD making a daily high and low at 1.6860 and 1.6777 respectively, spot is currently trading at 1.6845, up 0.27% on the day so far. The push higher saw cable take out the well-documented option barrier at 1.6850. Gerry Davies of FXBeat comments that he is “getting further reports of more barrier option interest at not only 1.6900 as one would expect, but also barrier option interest at 1.6875” and can see sell orders clustered around 1.6865/75. GBP/USD Technicals bullish? GBP/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 65.71, down from the last hourly print at 66.64, with ADX at 13.77, down from its previous close at 21.47. RSI is neutral at 61.77, according to the daily chart. On the hourly GBP/USD chart, the 200 SMA is climbing and currently at 1.6806, up from the previous hour close at 1.6800. Over the past 20 days, the exponential average closing price is 1.6740, and trending higher. GBP/USD Volatility Shrinking? On the hourly GBP/USD chart, ATR (14) is presently at 7 pips, while 2-Standard Deviation Volatility Bandwidth is expanding and currently 91 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 319 pips and shrinking. The average movement for the current session over the previous four weeks has been 7 pips. Meanwhile, 13:00-14:00 GMT represents peak for volatility, with an average movement of 16 pips over the same period. GBP/USD Levels Resistance can be found ahead of spot at 1.6848 [Last Price], 1.6850 (Daily Classic R2), 1.6860 (Daily High), 1.6867 (Daily Classic R3), 1.6879 (Weekly Classic R2) and 1.6918 (Weekly Classic R3). To the downside we see next support at 1.6840 (Weekly Classic R1), 1.6833 (Yesterday's High), 1.6825 (Daily Classic R1), 1.6824 (Monthly High) and 1.6824 (Weekly High). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 28, 2014 OctaFX.Com News Updates

EUR/USD consolidating around 1.3870 FXStreet (Edinburgh) - The shared currency is now attempting to consolidate in the upper band of today’s range, with the EUR/USD hovering over 1.3875/80. EUR/USD bolstered by risk appetite The better sentiment in the risk-associated assets allows the EUR to print 2-week highs, leaving the door open for a retest of recent highs at 1.3906 in early April. Ahead in the week, EMU’s flash CPI figures for the month of April will take centre stage in light of the ECB meeting. “It is our view that the ECB would rather use traditional policy tools before rolling out a programme of quantitative easing. But, whatever it decides it is quite possible that it will be little discernible success in undermining the EUR. In fact, we would argue that there is only one thing that will have a guaranteed effect on bring down the value of EUR/USD in the coming weeks and that would be a strengthening of the USD”, observed Jane Foley, Senior Currency Strategist at Rabobank. EUR/USD levels to watch As of writing the pair is advancing 0.19% at 1.3860 with the next resistance at 1.3906 (high Apr.11) ahead of 1.3935 (high Mar.19) and 1.3944 (high Mar.18). On the flip side, a breakdown of 1.3815 (low Apr.28) would aim for 1.3805 (21-d MA) and finally 1.3791 (low Apr.24). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 28, 2014 OctaFX.Com News Updates

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Fitch Upgrades Spain to 'BBB+' as fiscal track record is strong FXStreet (San Francisco) - Fitch Ratings decided to upgrade Spain sovereign rating to 'BBB+' from 'BBB' as the Kingdom's "risks to Spain's creditworthiness have decreased since the sovereign was downgraded" in June 2012. In addition, the agency affirmed the Spain's "fiscal track record over the past two years has been strong," as "its headline fiscal deficit (excluding bank support) declined by 2.5% of GDP in 2012-13, despite a 2.2% drop in nominal GDP over the same period." All about excluding bank support in official accounts and that Fitch doesn't expect that early parliamentary elections will not be called before 2015. Debt ratio to peak at 104% of GDP in 2016. Key quotes: We project that public debt will peak in 2016 at 104% and decline gradually thereafter, assuming an effective interest rate close to current levels. The general government deficit remains large, which we forecast at 5.7% of GDP for 2014. Public debt/GDP has risen 11pp per year on average since 2008 and we expect the ratio to peak at 104% of GDP in 2016. Medium-term forecasts assume some slippage relative to official public deficit targets. The agency maintains its potential growth assumption of 1.5% in the second half of the decade. Banking sector risks have been adequately captured by the authorities in the context of the 2012-13 financial-sector reform programme (supported by the European Stability Mechanism, ESM) and that additional capital injections required from the Spanish sovereign will not be large. We assume no official debt relief on Spain's existing EUR41.3bn loan from the ESM. Spain and the eurozone as a whole will avoid long-lasting deflation, such as that experienced by Japan from the 1990s. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 25, 2014 OctaFX.Com News Updates

Mexico Central Bank Interest Rate unchanged at 3.5% in April Read more Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 25, 2014 OctaFX.Com News Updates

Mexico Central Bank Interest Rate unchanged at 3.5% in April Read more Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 25, 2014 OctaFX.Com News Updates

United States Reuters/Michigan Consumer Sentiment Index came in at 84.1 to beat expectations (83) in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 25, 2014 OctaFX.Com News Updates

United States Markit Services PMI came in at 54.2 disappointing expectations (56.2) in April Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 25, 2014 OctaFX.Com News Updates

USD/JPY briefly fall below 102.00 FXStreet (San Francisco) - The US dollar extended its decline against the Japanese Yen in the latest few hours and after falling around 20 pips from 102.15, the USD/JPY made a brief trip to 1-week low of 101.95. However, pair managed to recover the 102.00 area and currently it is trading at 102.07, down 0.24% on the day, having posted a daily high at 102.50 and low at 101.95. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. USD/JPY levels If the pair lost the 102.00 area, it would face next supports at 101.95, and 101.85. On the downside, resistance at 102.10, 102.25 and 102.50. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 25, 2014 OctaFX.Com News Updates

OctaFX.com-PERSIB team unites to lead you to success! Our partnership with FC PERSIB encouraged us to create a series of interviews with the most prominent players, as we want you to draw inspiration from people we have common values with. This week, the strikingly successful football players spill their hearts out for you to be motivated and try harder every time you meet an obstacle. Click here to Watch Video online! We asked Firman Utina, Persib captain, I Made Wirawan, the goalkeeper, and Atep, midfielder and vice-captain, to share some advice on how to be unstoppable on the way to new achievements. Follow your dreams with OctaFX - a proud sponsor of PERSIB Bandung FC. Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

EUR/JPY rebota en 141.00 FXStreet (Córdoba) - El EUR/JPY cayó luego de la apertura de Wall Street hasta 141.04, llegando a mínimos desde el 17 de abril.. Luego el cruce rebotó y subió hasta 141.58, pero no logró sostenerse por encima de 141.50 y actualmente opera en 141.40, lo que representa una caída del 0.17% con respecto al precio de apertura. Panorama para el EUR/JPY El Euro va perdiendo momento lentamente luego de haber rebotado la semana pasada desde 140.00. En la jornada de ayer el precio se aproximó a 142.00 pero viró hacia la baja. El precio no logra alejarse de la zona de 141.50 y desde hace una semana que opera en torno a este nivel. En el camino alcista, la resistencia clave se ubica en 142.00 mientras que a la baja, el soporte a tener en cuenta en el corto plazo es 141.00. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24, 2014 OctaFX.Com News Updates

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USD/CHF retreats from 0.8850 FXStreet (Córdoba) - The USD/CHF rose after the release of US economic data to 0.8855 reaching a fresh daily high but quickly lost momentum and pulled back sharply, erasing gains in a few minutes. The US dollar weakened also gains the other European currencies. Currently the pair trades at 0.8818, down 0.18% for the day so far, after falling almost 50 pips since the beginning of the American session. USD/CHF and a strong barrier around 0.8850/60 Once again the area around 0.8855 capped the upside, just like it did in the previous three trading days. The USD/CHF was rejected again from those levels and so far it has been able to hold above Wednesday’s lows that lie at 0.8806. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24, 2014 OctaFX.Com News Updates

Latin America EM Express: Colombia steps up dollar purchases FXStreet (Łódź) - This week Colombia's Finance Minister Mauricio Cardenas announced that the country's central bank would increase its dollar purchases, following the considerable strengthening of the peso over the last month. The currency has been propped up by an increase in foreign investment in Colombia's financial markets. Today the peso was trading around 1,938 against the greenback, compared with around 2,040 one month ago. The central bank's dollar purchases in its daily spot market interventions, averaging 10 million dollars a day, have been boosted by 80%. The BBH Global Currency Strategy Team comment: “To be clear, the central bank is still working within the $1 bln purchase program for Q2 that it set at its March meeting but is just front-loading it and responding to increased inflows.” “Fresh inflows are in part related to the increase in weighting of Colombia in the JPM local currency bond index. We think that 1900 is the line in the sand (for now). If the EM rally continues, they can slow the move but not stop it.” Economic data Mexico's annual 1st half-month Inflation, released on Thursday, slowed down to 3.53% in April from 3.76% in March, increasing expectations that the country's central bank will remain on hold for the rest of the year in order to prop up the economic recovery. 1st half-month Core Inflation jumped to 0.26%, from 0.11%. On Wednesday Banco Central do Brasil informed that the Brazilian Foreign Exchange Flows increased to 3.38B from 1.00B Technicals USD/MXN was up by 0.33% at 13.1072 at the moment of writing. On Wednesday the daily FXStreet Trend Index was slightly bullish, with the OB/OS Index neutral. RSI sat at 47 at the last close, and has risen to 74 so far today. Daily 2-StDev Volatility Bandwidth was shrinking at 318 pips, with ATR (14) shrinking at 726 pips. The 1D 200 SMA was at 13.0660, while the 1D 20 EMA was at 13.0740. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 24, 2014 OctaFX.Com News Updates

United States EIA Crude Oil Stocks change registered at 3.524M to beat expectations (2.6M) in April 18 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23, 2014 OctaFX.Com News Updates

United States EIA Crude Oil Stocks change registered at 3.524M to beat expectations (2.6M) in April 18 Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 23, 2014 OctaFX.Com News Updates

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USD/CAD soars to 2-week highs FXStreet (Córdoba) - The USD/CAD bounced to the upside from 1.1000, despite better-than-expected economic data from Canada and climbed to 1.1042, reaching the highest price since April 3. Currently trades at 1.1035/37, up 0.23% from today’s opening price. USD/CAD rebound sharply at 1.100 After the release of the wholesale sales report of February in Canada, that rose 1.1% above the 0.7% expected, the USD/CAD fell to 1.1000, the lowest price since last Friday. When it was ready to break the trading range and the 1.1000 mark, that limited the price since the beginning of the week, reversed sharply and jumped. Price broke above 1.1030, the upper limit of the range and rose quickly to 1.1042. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 22, 2014 OctaFX.Com News Updates