OctaFX_Farid

Flash: USD recovery no sure thing – RBS FXstreet.com (Córdoba) - Fitch Ratings affirmed Switzerland AAA long-term rating Tuesday while keeping a stable outlook on the country. Fitch cited diversified and wealthy economy, strong public finances and Switzerland's strong external finances and institutions. The stable outlook reflects Fitch's assessment that the downside risks to the 'AAA' rating are currently not material. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 18, 2013 OctaFX.Com News Updates

Flash: USD recovery no sure thing – RBS FXstreet.com (New York) - Arguably, the greatest challenge to the market’s recent “mine, everything” mantra has been the threat of a withdrawal of global liquidity. According to the RBS Research Team, “The rise in US Treasury yields appears to reflect the market's concern that the Fed is prioritizing asset class volatility over inflation/growth. The strength of the US economy, or rather the lack of it, suggests that real yields need to stay very low, most probably negative. However, with inflation low and nominal yields rising, real yields have actually been rising fairly quickly.” Markets are set to hear from the US central bank at Wednesday’s FOMC meeting. It’s likely that the Fed will be happy to see that some of the intense heat has been taken out of the equity market. Higher mortgage rates will most likely be of more of a concern. It’s possible that the Fed signals a continued easy monetary policy stance through to year-end, knocking back market expectations of a tapering of its asset purchases as early as September. However, “it’s not clear that risk markets will recover in response as other drivers of the recent market correction remain. The USD may also continue to perform poorly.” the team adds. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 18, 2013 OctaFX.Com News Updates

Cyprus calls for bailout redesign to avoid country's collapse FXstreet.com (San Francisco) - The Cypriot president Nicos Anastasiades has asked Eurozone leaders for the redesign of it €10Bn bailout approved in March. In a last's week letter obtained by Financial Times, Anastasiades said that the bailout was “implemented without careful preparation” wiping out the working capital of Cypriot industry. The president warned the Troika that the "economy is driven into a deep recession, leading to a further rise in unemployment and making fiscal consolidation all the more difficult." Anastasiades also urges leaders "to review the possibilities in order to determine a viable prospect for Cyprus and its people." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 18, 2013 OctaFX.Com News Updates

OctaFX.com-New updated Personal Area in Mandarin! Dear customers! OctaFX is rapidly moving on in its development, which has been recently confirmed by a number of prestigious awards (http://www.octafx.com/company/awards/). Today we are proud to announce that our Personal Area is available in Mandarin Chinese! We value our customers from China greatly and therefore doing our best to make your experience with OctaFX as flawless and convenient as possible. Now Personal Area speaks your language! Your OctaFX Personal Area is designed to manage your OctaFX account. You can deposit, withdraw, make internal transfers, take part in our great contests, view account stats, manage your profile and many-many more using OctaFX Personal Area. In the nearest future we are planning to introduce even more languages in OctaFX Personal Area to make it closer to you and more convenient! Thank you for trading with OctaFX and wishing you best luck! 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 -Indonesian local bank deposits now available! Dear traders! We are glad to inform you that the long-awaited deposit opportunity is now available. OctaFX launches Indonesian local bank deposits via FasaPay payment system. Whether you have a BCA or Mandiri or any other bank account in Indonesia, you can now easily deposit and withdraw from your account in Indonesian Rupees via FasaPay! All you need is an account with FasaPay. FasaPay allows you to deposit your account in seconds with Indonesian local banks. Here is how to do it: Open an account with FasaPay Load funds into your FasaPay account Deposit your OctaFX real account with FasaPay You can find a detailed guide on the FasaPay account opening and deposit here. We are glad to make deposit and withdrawal options easier for our respected clients from Indonesia! 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!

Flash: USD/CAD faces bearish headwinds – UBS FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions. In terms of the AUD/USD, “The pair is consolidating; however with the MACD below its zero line upside should be limited with resistance at 0.9731. Support is at 0.9416 ahead of 0.9326, suggesting a bearish outlook.” In addition, in looking at the USD/CAD, our focus is on the key support at 1.0120 ahead of 1.0027. Meanwhile resistance is at 1.0226 and is indicating a bearish outlook. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 17, 2013 OctaFX.Com News Updates

USD/CAD remains capped by 100-day SMA FXstreet.com (Córdoba) - As most pairs in the FX space, the USD/CAD has spent most of the day in quiet consolidation, as investors' focus turns to central banks. Having bounced from a low of 1.0150 during the European session, USD/CAD managed to trim losses but the recovery was short-lived as the pair was capped by the 100-day SMA at the 1.0180 zone. At time of writing, USD/CAD is trading at the 1.0170 area, where it is virtually unchanged since opening. Central banks eyed In the absence of major data, the pair will likely remain within a tight range till Wednesday when the Fed will decide on monetary policy and release its economic projections and Bank of Canada Governor Stephen Poloz will make his first public speech. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 17, 2013 OctaFX.Com News Updates

GBP/USD continues drifting higher FXstreet.com (London) - GBP/USD is drifting higher still, from printing below the figure this morning to record recent highs in 1.5750’s. GBPUSD has reclined a little back down along the 200d ma and is currently oscillating in the 1.5730 and 1.5740’s again while a bullish NAHB Housing Market Index was just printed for the Us economy as 52 against previous 44 and consensus of 45. The market is mostly awaiting FOMC and a raft of other data for an indication for where the next hint of any tapering might appear in the US. For the UK, we wait for further signs to see whether the economy can stay on track for a recovery. GBP/USD downside risk Technically GBP/USD may find it tuff to continue much higher until there are more confirmations that the risk of tapering the QE programme in the US will not be commencing in the near future and that the UK economy really is improving. Analyst at Commerzbank, Karen Jones, said a break below the 1.5490 June 7 low is needed to alleviate immediate upside pressure and signal a slide back to the 55 day moving average at 1.5352 en route to the base of the channel at 1.5044 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 17, 2013 OctaFX.Com News Updates

OctaFX.com- Happy Weekend to all OctaFX wins “Best broker Central and Eastern Europe” and “Best Broker Central Asia” at the World Finance Awards 2013 OctaFX awarded Best Customer Service Broker Asia 2013! OctaFX.com-A newer faster server in Asia! 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!

AUD/USD returns to sub 0.9600 FXstreet.com (Edinburgh) - The AUD/USD is netting strong gains during the week, managing to recover ground from multi-month lows around 0.9320 on Tuesday to Thursday’s tops near 0.9670. AUD/USD posed for further pullbacks However, the pair would resume its more ample negative trend as soon as the USD extreme positioning reverses and the Fed’s ‘tapering’ returns to the headlines. In the view of I.Spivak, Currency Analyst at DailyFX, “Prices are attempting a recovery from support at 0.9388, the 38.2% Fibonacci expansion, as expected. A break above near-term resistance at 0.9542, the 23.6% level, exposes the June 3 high at 0.9791. Alternatively, a push beneath 0.9388 exposes the 50% Fib at 0.9264”. Key levels to watch in AUS/USD At the moment the pair is retreating 0.53% at 0.9588 and a breakdown of 0.9571 (MA10d) would open the door to 0.9567 (low Jun.14) and finally 0.9430 (low Jun.13). On the upside, resistance levels are located at 0.9675 (high Jun.4) ahead of 0.9792 (high Jun.3) and then 0.9828 (high May 22). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 14, 2013 OctaFX.Com News Updates

Flash: Monetary policy needs revamping in Nordic countries? – Goldman Sachs FXstreet.com (New York) - “Much has been made of the below-target inflation in Scandinavia, which is the result of external factors (exchange rate and foreign prices) that are largely exogenous to the Riksbank and Norges Bank.” notes the Economics Research Team at Goldman Sachs. Domestic inflation is currently around target and a sizeable easing would be required to raise domestic inflation sufficiently to reach the aggregate inflation target in the near term. Such easing would come with risks: creating a sizeable domestic boom risks spurring excessive credit growth and would likely result in more volatile monetary policy in the medium term. According to the team, “This suggests that small (very) open economy inflation targeters, such as the Riksbank and Norges Bank, should adopt a longer-than-usual time horizon for monetary policy.” The Riksbank and Norges Bank appear effectively, although not officially, to have done this. This underlies our view that both central banks will hike in 2014, despite a below-target inflation rate, as imported inflation (exogenously) reverses its recent declining trend, and in order to limit the upward trend in domestic inflation and credit growth. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 14, 2013 OctaFX.Com News Updates

OctaFX.Com - MASSIVE Spread Reduction at OctaFX! This is a revolution in lowering the spreads that happened in OctaFX! We have reduced major currency spreads! Now you can enjoy trading with as low as 0.2 pip spreads. They’ve never been that tight. 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/USD pares losses after weak US data FXstreet.com (New York) - The EUR/USD finally received the impetus it needed to stage some prolonged manner of recovery Friday, edging higher after the release of US data. In the United States, the Reuters/Michigan Consumer Sentiment Index (June) came in at 82.7, missing expectations of 84.5. EUR/USD bounces off support Briefing the technicals, the pair is operating off of its opening at -0.32% in at the time of writing at the 1.3332 handle. According to the Mataf.net analyst team, the EUR/USD will look towards supports at 1.3299 followed by 1.3233, and finally 1.3187. Alternatively, a movement to the upside and paring of losses will usher in resistances at 1.3411, then 1.3457, and eventually 1.3523. EUR/USD affected by overbought indicators “The EUR/USD dropped below 1.3345, which was affected by overbought pressure on momentum indicators. Moreover, linear regression indicators are still positive and the pair is stable above 1.3270. Therefore, we hold on to our positive expectations for today.” notes the Technical Analyst Team at ICN.com. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 14, 2013 OctaFX.Com News Updates

US Sells 13 billion of 30-Year Bonds at 3.355% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 13, 2013 OctaFX.Com News Updates

AUD/USD holds above 0.9600 level FXstreet.com (New York) - The AUD/USD exchange rate is presently operating within close proximity to its intraday highs Thursday (0.9624) during US trading. AUD/USD stabilizes above 0.9600 level Although the pair has eased slightly to 0.9614 in these moments, the AUD/USD still is securing a robust gain of +1.36% today. Following an earlier break above resistance at 0.9555, the Mataf.net analyst team postulates the next short-term resistances at 0.9634 onto 0.9703. Alternatively, supports will be faced should the pair drop to the depths of 0.9407, ahead of 0.9338, and 0.9259. AUD/USD self-sustaining upside? According to the Technical Analyst Team at ICN.com, “The AUD/USD pair surged and resided above 0.9535 – zones we believe are positive and capable of pushing the pair higher throughout Thursday's trading session.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 13, 2013 OctaFX.Com News Updates

Flash: AU vols lower - Nomura FXstreet.com (London) - Saeed Amen strategist at Nomura notes that Gold has been relatively stable in recent weeks, compared with other markets, which have seen large unwinds triggered by increased expectations of Fed tapering following Chairman Bernanke‟s testimony in May. Indeed, he say’s, gold implied vols are well off their April highs, contrasting with the rise in implied elsewhere. One explanation he mentions is that gold’s large April fall might have already gone someway to pricing in the start of the end of QE price of gold. Indeed, spec positioning is extremely low in gold, which has made it less vulnerable to the position squaring that has afflicted many markets. He points out that Gold has been in somewhat of a flux, with a continuation of gold ETF liquidation (albeit at a slower rate), while Asian demand has supported the downside. While his teams prefer upside, especially because of the lack of spec positioning, they think that to have a decent move higher, gold ETF liquidation will need to turn OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 13, 2013 OctaFX.Com News Updates

Flash: AU vols lower - Nomura FXstreet.com (London) - Saeed Amen strategist at Nomura notes that Gold has been relatively stable in recent weeks, compared with other markets, which have seen large unwinds triggered by increased expectations of Fed tapering following Chairman Bernanke‟s testimony in May. Indeed, he say’s, gold implied vols are well off their April highs, contrasting with the rise in implied elsewhere. One explanation he mentions is that gold’s large April fall might have already gone someway to pricing in the start of the end of QE price of gold. Indeed, spec positioning is extremely low in gold, which has made it less vulnerable to the position squaring that has afflicted many markets. He points out that Gold has been in somewhat of a flux, with a continuation of gold ETF liquidation (albeit at a slower rate), while Asian demand has supported the downside. While his teams prefer upside, especially because of the lack of spec positioning, they think that to have a decent move higher, gold ETF liquidation will need to turn OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 13, 2013 OctaFX.Com News Updates

OctaFX.com-OctaFX offering Customer Support in Mandarin Chinese!! Dear customers! OctaFX is now entering the global market offering truly multilingual Best Customer Support in Asia. We are proud to announce that we have introduced Customer Support in Chinese. Due to the huge demand from China, it is indeed crucial to be able to communicate to our customers in their own language. Now we are proud to welcome our clients from China. For any help and inquiries, please refer to our Customer Support team here: www.octafx.com/contact-us/ OctaFX is indeed a client-oriented company. This said, we are working hard to further improve our services. Stability, perfection and close attention to detail is what makes OctaFX different from our competitors. Our highly educated and well-trained Customer Care Department works 24/5 to answer your inquiries and help you. We are always open to suggestions and feedback. 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!

Flash: EUR/USD rise may falter in the 1.3300 region – ANZ FXstreet.com (New York) - Much has been made of a Head and Shoulders pattern occurring in the EUR/USD, however this has mostly been conjecture. According to Tim Riddell, Head of Global Markets Research at ANZ, “The current push above 1.3250 may raise concern over an extension towards 1.3475-1.3500, however the overall pattern remains the same. A broad range is being defined with the bias being that the squeeze may falter in the 1.3300’s.” An extension should merely define a 1.25-1.35 range. Moreover, dips below 1.3115 would signal that the range has been defined. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 12, 2013 OctaFX.Com News Updates

Flash: Toshin momentum is slowing for now - Nomura FXstreet.com (Barcelona) - Nomura Strategist Yujiro Goto notes that Japanese retail investors had purchased foreign securities via toshins for three months in a row until May, but momentum is likely to be slowing slightly now. He expects toshin momentum to remain strong this year thanks to better economic conditions in Japan, but recent market volatility is likely to slow the momentum for now. He writes, “To gauge the momentum going forward, the many new toshin launches investing in Japanese equities in foreign currencies and foreign equities later this month are worth monitoring.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 12, 2013 OctaFX.Com News Updates

Flash: Expect a larger Japanese trade deficit in May - Nomura FXstreet.com (Barcelona) - Nomura economists are estimating a larger trade deficit in May, with the first rise in real exports for two months. They write, “We have estimated May imports and exports, which are scheduled for release on 19 June, using the trade statistics for 1–20 May published by the MOF on 7 June and the corporate goods price index published by the BOJ on 12 June. We estimate a nominal trade deficit of ¥1,232.7bn.” On a seasonally adjusted basis, they estimate a deficit of ¥963.5bn, larger than the deficit of ¥764.4bn in April. Further, they estimate a 1.1% m-m increase in real exports, the first rise for two months. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 12, 2013 OctaFX.Com News Updates

OctaFX .com-OctaFX Champion Demo Contest winners announced! Dear traders! Today we congratulate the winners of the 14th round OctaFX Champion Demo Contest. It was a special round! As you know, OctaFX cancelled the unlucky numbers! We skipped the round 13 and went straight to the 14th round. Perhaps that made a contribution to our winners’ performance. What is the key factor of your success? Why are you better than everyone else? Didi Purwoko, 1st prize: Patience and discipline. I always wait until the market reaches its daily maximum volume (usually after the price is the highest) and take my opportunity to enter the market. Arif Hossain, 2nd prize: Patience is the key of my success. I just followed the trend and placed my trades accordingly. And I suggest all Bangladeshi traders to trade with patience. Ammar Alnumairi, 3rd prize: The key of my success is hard work. I learn from my mistakes and the mistakes of others. Cut Aminah, last place: Discipline. I believe in myself more than in anyone else. Which is better, EA or manual trading? Didi Purwoko, 1st prize: Manual trading. You need to work on patience and discipline. Ammar Alnumairi, 3rd prize: I prefer EAs to manual trading. Cut Aminah, last place: Manual trading is more profitable for me. I have my own trading strategies. I think that EAs are only useful for those who don’t have much experience. What trading tools are most preferred by you? Majors or exotic, and why? Didi Purwoko, 1st prize: Majors. Analysis is easier to do. Arif Hossain, 2nd prize: Majors, because they quite easy to predict. Ammar Alnumairi, 3rd prize: I prefer majors, because I can get a good profit in a short time. How long does it take to become a good trader? Didi Purwoko, 1st prize: It took me half a year to develop my trading style. Arif Hossain, 2nd prize: I think it take minimum 4 years to become proficient enough. Every day I learn something new about forex trading and I learn from my mistakes. Ammar Alnumairi, 3rd prize: It takes about six months. Cut Aminah, last place: 7-10 years 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! We thank our winners for sharing their experience! We would like to remind you that the 15th round of OctaFX Champion contest is in progress. Round 16 starts on the 1st of July, don’t miss a chance to register! Participate and win your share of the prize pool! Wishing you luck and profitable trading, yours truly, OctaFX!

OctaFX.com- Awards! 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!

USD/MXN rebounds from 12.7000 FXstreet.com (Barcelona) - The Mexican peso is sharply appreciating against its northern neighbour on Friday, dragging the USD/MXN to session lows around 12.7000 after the Banxico left the refi rate unchanged. Stronger MXN on Banxico, CPI The Mexican central bank kept the lending benchmark intact at 4.0%, broadly in line with market expectations and somehow neutralizing the effects of better Payrolls in the US economy during May. Further data in the Aztec economy showed that consumer prices expanded at an annual rate of 4.65%, marginally higher than the 4.63% previous. As of writing, the pair is down 0.45% at 12.7463. Short-term key levels A breach of 12.6867 (MA200d) would bring 12.6101 (low May 30) and finally 12.4622 (MA21w). On the flip side, resistance levels align at 12.9016 (high Feb.260 followed by 12.9370 (high Jun.6) and then 12.9454 (high May 31). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 7, 2013 OctaFX.Com News Updates

Flash: ECB less dovish – TD Securities FXstreet.com (London) - Research teams at TD Securities explain that for the EUR, Draghi’s comments at yesterday’s ECB meeting may have been mildly less dovish than the market was anticipating, but that clearly didn't justify the huge move higher in EURUSD. They suggested that within Europe it is worth noting the particularly strong German industrial production numbers this morning which set up Germany for quite a robust GDP figure in the second quarter and this continues to contrast activity in most of the Eurozone. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Jun 7, 2013 OctaFX.Com News Updates