OctaFX_Farid

USD/CHF careens off 0.9270 level FXstreet.com (New York) - The USD/CHF summarily reversed off the 0.9270 region Tuesday afternoon during US trading, diving deeper towards the 0.9250 level in short-order. USD/CHF strategic bias According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize above Linear Regression Indicators but has yet to stabilize above 0.9265. Therefore, the possibility of a new attempt to the upside is valid today as long as the pair stabilizes above 0.9200.” The USD/CHF seems quite a sizable distance away from the 0.9300 level, despite trading as high as 0.9297 earlier today. Presently, the pair is now operating at a -0.19% loss, buried at 0.9253. Briefing the technicals, the USD/CHF will look to test support at 0.9246, ahead of 0.9226, and 0.9176, calculates the Danske Research Team. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

GBP/USD riding turbulent gains FXstreet.com (Chicago) - GBP/USD accumulates 0.12% daily gains so far after reaching weekly highs close to 1.5400 to quickly retrace below 1.5370 regions, where it currently navigates. Outperforming data in the UK pushed the pound to higher levels as house prices (YoY) out beat expected 4.3% for a 4.6%. Yearly industrial and manufacturing production were 1.2% vs. previous -2.3% and an expected 0.6% as well as 2.0% vs. previous -2.9% respectively. Nonetheless, as trade balance data was released in the US at $-34.22B vs. previous $-44.10B and projected $-43.50B, the pound was sent to 1.5332 lows. Price action indicated market participants were bullish as the price rose above 1.5370 regions within minutes. Trading at 1.5381, the FXstreet trend index reported the pair as slightly bullish with key supports at 1.5307, 1.5269 ahead of 1.5231 and resistances at 1.5429, 1.5468 and 1.5507 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

EUR/USD bounces after short-lived correction FXstreet.com (Córdoba) - The EUR/USD staged a short-lived correction from daily highs, sliding toward the 1.3280 area before finding support. EUR/USD back above 1.3300 However, EUR/USD managed to climb back above the 1.3300 mark most recently as bears lacked determination to drag the pair lower. The EUR/USD is currently trading at the 1.3310 zone, where it records a 0.4% gain on the day in a low-volume quiet summer session, with Fed Evans saying that he wouldn't clearly rule out September tapering weighing on the greenback. EUR/USD technical levels Technically speaking, the EUR/USD could face immediate resistances at 1.3320 (daily high) and 1.3345 (Jul 31 high) followed by 1.3400 (psychological level), while supports might be found at 1.3255 (100-hour SMA) and 1.3230 (Aug 5 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

EUR/USD bounces after short-lived correction FXstreet.com (Córdoba) - The EUR/USD staged a short-lived correction from daily highs, sliding toward the 1.3280 area before finding support. EUR/USD back above 1.3300 However, EUR/USD managed to climb back above the 1.3300 mark most recently as bears lacked determination to drag the pair lower. The EUR/USD is currently trading at the 1.3310 zone, where it records a 0.4% gain on the day in a low-volume quiet summer session, with Fed Evans saying that he wouldn't clearly rule out September tapering weighing on the greenback. EUR/USD technical levels Technically speaking, the EUR/USD could face immediate resistances at 1.3320 (daily high) and 1.3345 (Jul 31 high) followed by 1.3400 (psychological level), while supports might be found at 1.3255 (100-hour SMA) and 1.3230 (Aug 5 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

Flash: Upside follow through in Sterling – Commerzbank FXstreet.com (Barcelona) - With BoE Inflation report tomorrow coming up, Axel Rudolph, Senior Technical Analyst noted GBP/USD charted an outside day to the topside on Friday, and saw some follow through strength yesterday. Key Quotes: “Currently we remain unable to rule out a retest of the 1.5432 July high. Loss of 1.5100 is needed to suggest further losses to the 1.5015 May low then 1.4854/32 support zones”. “Only should 1.5435 be eroded (not favoured) we will have to allow for further upside gains to 1.5551 the 78.6% retracement”. “Shorter term (1-3 weeks): Upside corrective. Medium term (1-3 months): Longer term we look for losses to 1.4832, then 1.4229, the 2010 low”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

EUR/USD extends gains above 1.3300 FXstreet.com (Córdoba) - The EUR/USD picked up fresh momentum and extended gains above 1.3300 after one Fed Lockhart reportedly said the Fed could start tapering its bond-buying program at any of 3 remaining FOMC meetings this year. USD weighed by taper talk Amid broad USD weakness, EUR/USD managed to break above the 1.3300 level and climbed to a high of 1.3320 in recent dealings as US stocks and commodities tumble. At time of writing, EUR/USD is trading at the 1.3310/15 zone, where it records a 0.4% rise on the day. EUR/USD levels to watch Immediate resistance is now seen at 1.3345 (Jul 31 high) followed by 1.3400 (psychological level), while supports could be found at 1.3255 (100-hour SMA) and 1.3230 (Aug 5 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

Flash: Sterling could test 200 d ma 1.5545 - BBH FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at BBH notes that Sterling traders are cautious of a surprise from Carney. Key Quote: “We think caution of a surprise by Carney has prevented sterling from benefiting from the improved economic data and the modest backing up of interest rates”. “ Barring, then, a significant surprise from Carney, we suspect sterling could trade higher; recover further against the euro, where the ECB is likely to keep rates low for longer (and risk renewed tensions after the summer holidays and German election)”. “Against the dollar, sterling can test the late July high near $1.5435. A break of that area, which also corresponds to a retracement objective from the June 17 peak near $1.5750 would likely encourage a test on the 200-day moving average seen near $1.5545”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

US: IBD/TIPP Economic Optimism deteriorates to 45.1 in August against forecasts FXstreet.com (Barcelona) - The sentiment of US consumers dropped to 45.1 in August from 47.1 in July, the Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) informed on Tuesday. Analysts expected an improvement to 47.9. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

US: IBD/TIPP Economic Optimism deteriorates to 45.1 in August against forecasts FXstreet.com (Barcelona) - The sentiment of US consumers dropped to 45.1 in August from 47.1 in July, the Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) informed on Tuesday. Analysts expected an improvement to 47.9. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

Flash: BOJ preview: Likely to remain on hold - BAML FXstreet.com (London) - Strategists Masayuki Kichikawa, Shogo Fujita, Shusuke Yamada, Setsuko Yamashita and Shuichi Ohsaki at BofA Merrill Lynch noted the BoJ coming up this week. Key Quotes: “The BoJ's next policy meeting is on 7-8 August. We do not expect it to make any changes to its policy framework, such as the base money target, the pace of asset accumulation, or the IOER”. “The BoJ might need to consider additional easing in three cases: (1) if downside risks increase for the economic growth and inflation outlook; (2) if doubts arise about the effects of its quantitative and qualitative easing, in the form of an unacceptable rise in long-term yields, for example; and (3) if overseas economies falter and the yen appreciates”. “With no change expected, we look for rates and FX to be range-bound. We favor receiving the belly, like JPY 3y1y, for its good rolldown”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

Flash: USD/JPY to smart from dollar weakness - OCBC Bank FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank is expecting no surprises expected out of the BOJ’s Wed-Thu meeting. Key Quotes “The USD/JPY may well continue to smart from broad based dollar softness in the near term.” “The pair is currently contemplating the 98.00 floor with the next support expected at 97.60 before 97.00.” “In the interim, 99.00 should cap barring further USD positive rhetoric from the Fed.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

EUR/JPY correcting lower FXstreet.com (Edinburgh) -The EUR/JPY is hovering over the area of 130.25/30 on Tuesday, down from session highs in the proximity of 130.70. EUR/JPY well supported around 129.00 The par is meandering between 129.00 and 133.00 since early July, reflecting the lack of clear direction in the single currency so far. Strategists Geoffrey Yu and Gareth Berry at UBS remain bullish on the cross, arguing, “The cross advanced after the test of critical support at 129.77. With the MACD still above the zero line, the risk is for further upside. Resistance is at 133.80”. EUR/JPY support and resistance levels The cross is now losing 0.01% at 130.31 and a breach of 129.81 (low Aug.6) would expose 129.38 (cloud top) and finally 129.35 (low Jul.31). On the upside, the next hurdle aligns at 130.72 (high Aug.6) followed by 130.91 (Tenkan Sen line) and then 1.31.55 (high Aug.5). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

USD/CHF offered sub 0.9300 FXstreet.com (Barcelona) - USD/CHF attempted a recovery overnight from support zone 0.9260 but has since been rejected just shy of 0.9300. USD/CHF is holding up at 0.9280 for the time being on what has been a quiet European session so far across the board. . Today on the event side of things we have a little bit of US data starting out wit the Trade Balance (Jun) expected -$43.10B. Then we will see Redbook Index (YoY) and (MoM) (Jul 28). For Switzerland, we will wait for tomorrow and see the outcomes of CPI (MoM) and (YoY) (Jul). USD/CHF moves below pivot 0.9293 USD/CHF has filed to the topside of its overnight run and has ticked below the pivot 0.9293. The 20d ma is 0.9370, 50 d ma is 0.9393 and the 200 d ma 0.9359. RSI (9) reads 38.02. Supports are ascending from 0.9130, 0.9176, 0.9226, 0.9246 while spot is currently trading at 0.9275. Resistances are 0.9280, 0.9310, 0.9333 and 0.9395 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Aug 6, 2013 OctaFX.Com News Updates

USD/CAD rejected from 1.0340 FXstreet.com (Edinburgh) -After hitting session highs near 1.0340 post US data, the upside in the USD/CAD deflated and is now posting fresh lows around 1.0280. USD/CAD up and down it goes The USD bull run lifted the pair to the boundaries of 1.0340 on the wake of better than expected Annualized US GDP during the second quarter, although the upside lost vigour in the proximity of 1.0340, dragging the pair to current intraday lows below 1.0280. “We think there is growing scope for a rebound to the high 1.03 area at least near-term (40-day MA at 1.0367). Bullish above there”, suggested analysts at TD Securities. USD/CAD key levels The pair is now retreating 0.19% at 1.0287 with the next support at 1.0258 (low Jul.30) ahead of 1.0253 (low Jul.29) and then 1.0248 (76.4% of 1.0137-1.0609). On the upside, a break above 1.0347 (cloud top) would bring 1.0349 (high Jul.13) and finally 1.0355 (low Jul.17). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2013 OctaFX.Com News Updates

USD/CHF jumps above 0.9325 FXstreet.com (San Francisco) - With a stronger dollar following the upbeat GDP figures, the USD/CHF has jumped around 65 pips in minutes from 0.9270 to break above the intra-day highs around 0.9325 and reach fresh highs around 0.9335. Currently, the USD/CHF is trading at 0.9325, 0.30% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish. Above 0.9325, next resistances are at 0.9335, 0.9380 and 0.9400. On the downside, 0.9770, 0.9250 and 0.9180 are supports. ” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2013 OctaFX.Com News Updates

Fixed income markets are on tendor hooks FXstreet.com (Barcelona) - Fixed income markets are on tendor hooks ahead of the FOMC and other central banks meeting this week. Treasuries are currently subject to speculation to the Fed trimming its bond buying programme this year. They are poised for a third monthly decline before the Fed decision this evening. The U.S. are scheduled to announce the size of 10 and 30 yr debt auctions due for next week and could start to cut sales by $40b-$100b during the next year and many anticipate reductions as soon as next month. This has spurred a widening of the 2-10yr yields and the market and prices will now be data sensitive this afternoon. US ADP employment change will be released and we then have US Q2 GDP in focus. What will be interesting is the markets reaction to the new GDP monitoring system that makes up the data. The US Government has invented a new way of calculating the data that now includes R&D spending, art, music, film royalties, books and theatre, and some will argue it is not comparable with the rest of the global nations. Eye sill be keen to these data and the spreads are already as wide as 231 basis points as demand is decreasing from investors who are looking for longer tem maturities. The U.S. 10 year yield fell 0.01 pct to 2.60 at 6.30 am EST and the 1.75pct note with May maturity rose $1.25 to 92 23/32. ” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2013 OctaFX.Com News Updates

Flash: EUR stronger as Spain´s negative GDP met with enthusiasm - BTMU FXstreet.com (Barcelona) - Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that he can’t recall a negative GDP print (GDP in Q2 -0.1%, released yesterday) being met with such enthusiasm as Spain’s yesterday – the data and the reaction to it highlights the current situation in the euro-zone. Key Quotes “Optimism is rising but the improvement is relative and economic conditions will still be very weak over the coming quarters.” “In our view that means the ECB will come under increasing pressure to do more to stimulate demand after the summer break. The ECB press conference tomorrow will possibly be more about highlighting the fact that conditions are improving but the attempt at “forward guidance” has been pretty poor with the euro stronger and short-term yields higher. “More will be required by the ECB. The only data from the eurozone today will be German and euro-zone unemployment – which will tell very different stories with periphery weakness leaving EZ unemployment at an expected 12.2% in June – a record.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 31, 2013 OctaFX.Com News Updates

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USD/JPY collapses to 98.00 FXstreet.com (San Francisco) - The Dollar continues with its decline against the Japanese Yen and after collapsing around 60 pips from 98.60 in the last few minutes, the USD/JPY has fallen to break the 98.20 key level and to test the 98.00 support, lowest since June 27th. Currently, the USD/JPY is trading at 98.10, 1.20% negative on the day. The short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish. Below the 98.00, next supports are 97.60 and 97.20. On the upside, resistances are now at 98.20, 99.00, 99.10 and 99.85. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 26, 2013 OctaFX.Com News Updates

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Flash: USD/JPY faces strong correction at 98.57 – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions. Key quotes Beginning with the USD/JPY, “Any downside will be held by strong support at 98.57, which was held previously on a closing basis. Focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at 103.74, suggesting a neutral intraday outlook.” “Upside is held by a strong resistance at 1.5394. A closing break above this would be a bullish development. Initial support is at 1.5258 ahead of 1.5171.” Finally, “regarding the USD/CHF, “with the MACD settled below the zero line, our focus is on further downside, with initial support at 0.9323 ahead of 0.9242.Resistance is at 0.9416 ahead of 0.9478.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 25, 2013 OctaFX.Com News Updates

OctaFX.com- Deposit bonus increased to 50%! Dear traders! OctaFX is proud to announce that our famous deposit bonus is now increased to 50% due to high demand from our clients! We value our clients greatly, your opinion is truly important to us, and we perfectly understand how important it is to have some additional margin for your trading. The bonus is available for each your deposit in both Micro and ECN account types. Any client, whether new or existing, can enjoy the benefits of the offer. We have also upgraded the bonus system, so that you can setup your Personal Area to receive bonuses automatically every time you deposit your account. The new bonus amounts available for you are: 10%, 30% and 50%. You are absolutely free to choose the bonus amount you want. No other conditions have changed, you are still eligible for the bonus upon each your deposit and it is still withdrawable! Deposit bonus increased to 50% Getting your bonus is a piece of cake: Step 1: Open a new account at OctaFX and make a deposit Step 2: Login to your Personal Area and click “Bonuses” link in the header Step 3: Select your bonus amount and receive it Step 4: Enjoy your trading with even more funds in your account! Please visit the deposit bonus promotion page (http://www.octafx.com/promotions/deposit-bonus/) for the rules and details of the promotion. OctaFX is all about making your trading experience convenient and outstanding, driving forex trading to a whole new level. Deposit to your account and we will give you a bonus of 10% to 50% of your deposit for free! This is a perfect way to increase total amount of funds in your account! 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!

GBP/USD in red within the range FXstreet.com (Edinburgh) -The GBP/USD is posting meager gains at the time of writing, hovering over 1.5355/60 as the GBP rally is showing signs of exhaustion around the key 1.5400 handle. GBP/USD recovery faltering Same as its European counterpart, the pound is recovering ground lost in the recent USD rally from mid-June to early July, although the pair seems to lack vigour to surpass 1.5400 the figure so far. In the opinion of Nick Mannion and Paul Robson, Strategists at RBS, “Risks would be more two-way up at 1.54 and turn to downside as spot approaches 1.57. While we’re still concentrating on the policy event risks of early August to provide the next directional signal, talk of sustained recovery in the UK should be mildly GBP supportive. On this, we continue to believe that the scope for UK data to surprise is becoming increasingly limited”. GBP/USD levels to watch At the moment the pair is down 0.06% at 1.5358 with the next support at 1.5315 (low Jul.24) ahead of 1.5289 (MA30d) and finally 1.5258 (low Jul.22). On the flip side, a break above 1.5390 (high Jul.24) would open the door to 1.5393 (high Jul.23) and then 1.5442 (high Jun.26). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2013 OctaFX.Com News Updates

Flash: USD/JPY downside held by 98.57 support – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions. Key quotes Beginning with the USD/JPY, Any downside will be held by strong support at 98.57, which was held previously on a closing basis. Focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at 103.74, suggesting a bullish intraday outlook.” “As for the GBP/USD, upside is held by a strong resistance at 1.5394. A closing break above this would be a bullish development. Initial support is at 1.5258 ahead of 1.5171. Finally, “regarding the USD/CHF, with the MACD settled below the zero line, our focus is on further downside, with initial support at 0.9242 ahead of critical 0.9130.Resistance is at 0.9416 ahead of 0.9478.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2013 OctaFX.Com News Updates

Flash: China weighing on AUD – TD Securities FXstreet.com (London) - Research teams at TD Securities noted the performance of AUD post Chinese data overnight. Key Quotes: “A miss on the flash HSBC Chinese manufacturing PMI contrasted the better than expected PMI’s from German and France overnight, and the reaction in the FX space reflects that divergence with the EUR at the top of the G10 performance ranks and AUD at the bottom”. “The AUD had a lot to digest in a short period, with a mixed but overall better than expected Australian inflation report initially lifting the currency above 0.9300 before the flash Chinese PMI unwound any positive tone shortly after”. “The somewhat better inflation report suggests the threat of an RBA rate cut next month has diminished slightly, but the more pressing concern for markets is the state of activity in China”. “The flash PMI raises fears of a sub-50 print for the official PMI next week, and such an outcome could re-ignite fears of a ‘hard landing”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page July 24, 2013 OctaFX.Com News Updates