OctaFX_Farid

EU extends budget deficit reduction targets for six Member States FXstreet.com (Barcelona) - According to the economic guidelines for the 27 EU Member States, published by the European Commission on Wednesday, more emphasis should be put on measures aimed at spurring growth in the area, rather than on austerity. “Now is the time to step up the fundamental economic reforms that will deliver growth and jobs, which our citizens, especially our young people, anxiously expect,” European Commission president José Manuel Barroso said at a press conference following the release of the national budgets review. “This is the only way to address the two lasting legacies of this crisis – the serious loss of competitiveness in many of our Member States, and persistent unemployment, with all its social consequences.” Brussels announced that six EU countries had been granted more time to bring down their budget deficits below the 3% of GDP limit. France, Spain, Poland, Slovenia will have two more years for implementing structural reforms while the Netherlands and Portugal were given one extra year. At the press conference José Manuel Barroso said that France is expected to use the additional time to realize labor and pension reforms and deal with its economic competitiveness problems. On the other hand, the European Commission recognized Italy's success in reducing its deficit below the 3% limit and eliminated it from the list of EU countries under the 'excessive deficit procedure' together with Hungary, Latvia, Lithuania and Romania. Barroso stressed however that the country should continue carrying out its austerity program, as its national debt still exceeds 120% of GDP. EU leaders are expected to give the green light to the recommendations during the June summit. Marc Chandler, Global Head of Currency Strategy at BBH comments on European Commissions decisions: “Barroso wants countries to use the 'grace period' to take the structural reforms necessary to boost competitiveness. This of course is easier said than done. What needs to be done seems clear. We think that World Bank's Doing Business studies offer insight into low hanging fruit to bolster entrepreneurial activity, from easing the procedures and costs to start a business, register property, through closing businesses. The problem, at the risk of over simplifying, political in nature--the balance of power between rent seekers and profit-seekers.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2013 OctaFX.Com News Updates

GBP/JPY extending losses FXstreet.com (London) - The pound is continuing to be prodded with the ugly stick and wasn’t able to hold onto yesterdays performance to the crosses 154.60 high. From the bear’s perspective, GBP/JPY is heading towards 152.00. The pair is testing 153.20 resistance in an overall broad bearish trend from the lows of 152.40. Momentum indicators offer impetus for the bears with hourly MA’s signalling towards lower levels. The dollar crosses are testing 1.5000 in Sterling and has completed an ascending triangle pattern in the Yen, neither look too well for the cross. In a dollar positive environment, it appears that the pound is suffering with a backdrop of poor sentiment for the economy. With a light calendar for the rest of this week, support is 152.70 and 152.00 and 154.60 as resistance. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 29, 2013 OctaFX.Com News Updates

OctaFX.com-OctaFX Champion Demo Contest Pre-Registration process of OctaFx Champion contest is still underway and 4 days are left for you to be registered in this exciting champion contest. So hurry up and catch the real chance to win marvelous prizes up-to 1100 USD. for more information please visit http://www.octafx.com/contests/octafx-champion/ 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: UK CPI to rise in time - Merrill Lynch and Bank of America FXstreet.com (London) - Research teams at Merrill Lynch and Bank of America said that overall, they think there are various reasons to think that the unexpected weakness in UK CPI inflation in April will not persist over the medium term. They continue to expect it to pick up to around 3% over the next few months; in part, as upward pressures from the depreciation in Sterling at the start of the year feed through More generally, after the BoE’s 6-3 vote again to leave QE on hold in May, it would seem prudent for them to wait and see if any potential Easter effects reverse again in May, before considering whether the recent CPI data might suggest a weaker medium-term inflation outlook compared with their May Inflation Report projections. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 28, 2013 OctaFX.Com News Updates

Flash: BoJ appear unperturbed by rising JGB yields - BTMU FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that BoJ Board member Miyao also spoke overnight and didn’t appear overly concerned by rising JGB yields which have been driven by “higher yields in the US” and “domestic stock market gains”. He continues to note that yields will face both upward and downward pressure going forward with BoJ easing to put downward pressure upon yields in Miyao’s opinion. Further, the BoJ will continue to monitor bond market developments carefully. Hardman believes that the weaker yen has helped to raise the value of Japan’s net foreign assets by 11.6% to JPY296.3 trillion in 2012, the largest annual increase since 2009. Additionally, he adds that Japan’s net portfolio investment and direct investment positions increased by JPY19.8 trillion and JPY15.3 trillion in 2012. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 28, 2013 OctaFX.Com News Updates

OctaFX.com-Real ECN Accounts 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-Happy Weekend to all OctaFX awarded Best Customer Service Broker Asia 2013! 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!

American equity markets cap off two-day weakness FXstreet.com (Barcelona) - The US stock market again opened lower Friday, concluding a late week weakness across global equities. In the United States, Durable Goods Orders (April) grew +3.3%, against projections of just +1.5%, and compared with -6.9% previously. In addition, Durable Goods Orders ex Transportation (April) were reported at +1.3%, against expectations of +0.5%. Beginning with the indices and composites, the NASDAQ fell -0.44% as it settles in region of 3444.45, down -15.18 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1643.24, descending -7.15 points or -0.43% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15256.03, presently -0.25% after a movement of -38.47 points. Sectors are nearly all lower at the opening, however the Consumer Cyclical and Basic Materials sectors have distinguished themselves as the losers thus far, contracting -1.67% and -0.77% respectively. In other news, the price of crude is testing USD $93.11/bbl Friday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 24, 2013 OctaFX.Com News Updates

Flash: EUR/GBP said 0.8591 was on the card - Commerzbank FXstreet.com (London) - EUR/GBP had advanced to the figure 0.8600 in London trade. Commerzbank had expected this move and should there be a retest of this level with a daily close above above 0.8637 be made, their medium term forecast will change from neutral to bullish with the 0.8716 early February high being back on the map. Adding, only unexpected failure at the 0.8422 mid-May low will be bearish and target the 2013 support line at 0.8380 and the 2012-13 support line at 0.8336. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 24, 2013 OctaFX.Com News Updates

GBP/USD muted on Durable Goods orders higher than expectations but not good enough. FXstreet.com (London) - Durable goods came in at 3.3% against consensus 1.5%. However, these numbers are not as good as the headline prints on average and GDP may be marked down on such results. The pair have been oscillating around the 1.5100 figure in a 40 pip range throughout the morning session in London. Before the data, the pair are trading at the low testing 1.5080 support and didn’t react much at all on the data’s official release to the market. On the charts, the pair are still trading below the 61.8% correction and were resisted at 1.5130 and the possibility of extending the bearish move is valid today, with daily MA’s and momentum indicating a move to the downside. On the otherhand, a break above 1.5130 , breaking the resistace line and a seriies of higher lows could keep the pair bid above 1.5100 for the time being. Next resistance is 1.5170. Near term support is at the pivot point 1.5080 before 1.5035 and key plays out at 1.4995. 1.4830 (March 2013 and 2009 Low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 24, 2013 OctaFX.Com News Updates

Start your successful trading with OctaFX today! Trade Forex with OctaFx and get: 30% Bonus Free 8 USD No Deposit Bonus! Requote-free Trading 1000 USD Demo Champions Contest Road King contest chance to win "Porsche Panamera, Ipads, Mac, Iphones & more Daily reviews and trading ideas Demo accounts Clients Funds Protection Lowest Spread Low as 2.0 Metatrader PC, IOS Mobile, Android, (News in your Metatrader 4 from OctaFX and FXstreet.com) 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!

American equity markets follow world indices lower FXstreet.com (Barcelona) - The US stock market was spared a gruesome opening, unlike its Asian and European counterparts Thursday. While losses were sizable, the news was somewhat mitigated after upbeat US economic data. In the United States, Initial Jobless Claims (May 17) came in at 340K, against expectations of 345K, and compared with 360K. In addition, Continuing Jobless Claims (May 11) were reported at 2.912M, beating a projection of 3.000M. Beginning with the indices and composites, the NASDAQ fell -0.97% as it settles in region of 3429.82, down -33.97 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1635.59, descending -18.72 points or -1.15% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15298.65, presently -0.06% after a movement of -8.52 points. Sectors are nearly all lower at the opening, however the Consumer Cyclical and Financial sectors have distinguished themselves as the winners thus far, contracting -2.66% and -1.49% respectively. In other news, the price of crude is testing USD $92.42/bbl Thursday. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2013 OctaFX.Com News Updates

Flash: Markets seize hawkish tone after FOMC – Deutsche Bank FXstreet.com (Barcelona) - The FOMC minutes that came later was also viewed to be less dovish than the Fed commentary we've seen recently as the minutes noted that "a number of participants expressed willingness to adjust the flow of purchases downward as early as the June meeting if the economic information received by that time showed evidence of sufficiently stronger and sustained growth". Markets clearly seized upon the hawkish tone from yesterday's Fed headlines even though the Chairman himself at the Q&A session made it clear that a step to reduce the flow of purchases will not be an automatic mechanistic process of ending the program but rather that any change in the flow of purchases would depend on incoming data and Fed's assessment of the outlook. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Whilst a slowing of QE is possible in a few months we can't help to think that the Fed could be forced to restart its QE in a beggar-thy-neighbor environment where central banks in most part of the developed world are still largely on an easing bias in order to steel a share of the global GDP. We think QE or derivations thereof will be around for many years to come.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2013 OctaFX.Com News Updates

US Apr Housing Price Index (MoM) rises 1.3% vs 0.9% (Mar) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 23, 2013 OctaFX.Com News Updates

OctaFX.com- OctaFX King of the Road Contest Current update of OctaFX Champion Demo Contest! Currently our top contestant 168Henri (86) from Malaysia has piled up with 122 Points. So, come and grab the opportunity and be the part of matchless traders. Deposit to your account today, register for the contest and let the most proficient trader win! How to take part in the contest Start Now! Thank you for trading with OctaFX. Start your successful trading with OctaFX today Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!

Wall Street closes lower on QE tapering concerns FXstreet.com (San Francisco) - The US stocks market closed negative on Wednesday as investors were concerned on Fed tapering QE. Bernanke's speech and FOMC minutes leave the sensation that the board is divided about what to do on bond buying. Wall Street finished the day into solid losses after retracing from fresh all time highs. The Dow Jones declined 80.41 points or 0.52% to end the day at 15,307.17. The S&P 500 eased 13.81 points or 0.83% 1,655.35. And the Nasdaq Composite fell 38.82 points or 1.11% to 3,463.30. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 22, 2013 OctaFX.Com News Updates

Flash: EUR/USD obstructed by bearish headwinds – UBS FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead. Any upside for the EUR/USD will be limited as bearish conditions persist. Resistance is at 1.2967 and 1.3020. Support is at 1.2797, a break below would expose 1.2746 ahead of the critical 1.2662. In terms of the EUR/CHF, With bullish trend in place, there is no major resistance until the critical 1.2569. Support is at 1.2451, suggesting a bullish intraday view. Moving to the EUR/GBP, “The sharp recovery since yesterday is approaching critical resistance at 0.8546. A break above which would prolong the recovery to 0.8590 – support is at 0.8441, ahead of 0.8389. Finally, concerning the EUR/JPY, the cross is trading within striking distance of first resistance at 132.77; a break above this would open 134.38 ahead of the more critical 138.49. Support is at 130.99 ahead of 129.92. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 22, 2013 OctaFX.Com News Updates

IMF urges UK to increase efforts to spur growth FXstreet.com (Barcelona) - The International Monetary Fund released a report on the UK economy on Wednesday in which it suggests that the country should introduce new measures to boost growth and speed up the slow recovery. The Eurozone crisis was cited as the main threat: „Despite recent market calm, growth in the euro area is likely to be weak, and the re-emergence of market tensions cannot be ruled out, with the potential for continued spillovers to the UK from depressed exports, higher bank losses and funding costs.” Therefore, the IMF recommends that the UK government takes several steps to boost growth, namely carry out planned capital investment, taking advantage of the low borrowing costs, change the composition of consolidation and introduce measures aimed at stimulating activity in the housing market. IMF First Deputy Managing Director David Lipton, who gave a press conference in London following the release of the report, also urged the UK government to increase its efforts to boost growth and suggested that the BoE should maintain interest rates low for as long as necessary. “On a range of areas, the government should be more supportive than it has been or it plans to be.... and this effort should start now...” he said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 22, 2013 OctaFX.Com News Updates

US: MBA Mortgage Applications fell 9.8% FXstreet.com (Barcelona) - The Mortgage Bankers Association has informed that US citizens that applied for mortgage loans dropped 9.8% in the week ended on May 17, extending the negative momentum from the previous contraction of 7.3%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 22, 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!

Flash: USD profit taking ahead of Bernanke tomorrow - Societe Generale FXstreet.com (Barcelona) - Alvin T. Tan, FX Strategist at Societe Generale notes that the market is taking profit on USD longs ahead of Chairman Bernanke's Congressional testimony tomorrow. He adds that investors are hoping to get clarity from the Fed after hearing different views from various FOMC members in recent weeks. Further, Chicago Federal Reserve Bank President Evans stated last night that current Fed policy was appropriate, though noting that the economy appeared to be recovering well. He writes, “We doubt Bernanke will promulgate any major policy changes tomorrow. The recent slew of US economic data has been somewhat mixed, so the Fed is not going to change tune right now. But Bernanke will likely acknowledge the signs of improvement in the economy.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 21, 2013 OctaFX.Com News Updates

US: Redbook Index rose 0.5% MoM FXstreet.com (Barcelona) - The Redbook index rose 0.5% on a monthly basis and 2.4% YoY in the week ended on May 12, vs. previous prints at 0.7% and 2.8%, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 21, 2013 OctaFX.Com News Updates

EUR/USD in highs around 1.2875/80 FXstreet.com (Barcelona) - The bloc currency is now picking up pace vs. the greenback, climbing to the area of 1.2875/80 to test session highs. “A confluence of fundamental and technical signals suggests that downside risks are mounting for EUR/USD once again. Modest strength in EUR/USD looks a sell from here while a clear drop below the 1.28 area should see the EUR slide picks up momentum”, suggested the analysts at TD Securities. The pair is advancing 0.26% at 1.2877, and a break above 1.2890 (high May 17) would expose 1.2930 (high May 16) ahead of 1.2943 (high May 15). On the flip side, support levels align at 1.2796 (low May 17) followed by 1.2740 (2013 low Apr.4) and finally the psychological mark at 1.2700. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 20, 2013 OctaFX.Com News Updates

EUR/GBP turns flat on the day FXstreet.com (Córdoba) - After failing to overcome the 0.8470 area, the euro weakened versus the pound and slipped to fresh daily lows at the beginning of the NY session. EUR/GBP turned negative for the day and printed a low of 0.8444 before finding support. At time of writing, the cross is trading around 0.8450, virtually unchanged since opening. In terms of technical levels, on the downside next supports might be found at 0.8420 (low May 16) and 0.8400 (psychological level), while on the upside, resistances are seen at 0.8470 (daily highs) and 0.8499/0.8500 (high May 15/psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 20, 2013 OctaFX.Com News Updates

Flash: AUD/USD a buy on prolonged dips below parity – Westpac FXstreet.com (Barcelona) - The AUD/USD was knocked below 1.00 by bouts of risk aversion on several occasions in 2011-12. The slide in AUD/USD despite surging global equities is very striking and removes one potential source of fuel for a sharp reversal. Indeed, since January 2011, the AUD/USD has traded a range from just under 0.94 to just short of 1.11, averaging above 1.03. Dips below 1.00 have proven quite brief in this time, such that the best strategy on breaks below parity has been to wait for the better levels to buy. According to the Westpac Strategy Team, “This month’s fall however is different. Previous episodes since 2011 have generally been driven by bouts of risk aversion that were reversed almost as quickly as they occurred.” But of course in recent days we have seen multi-year highs (or records) in equity markets from the US to Japan, from Australia to Germany. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 20, 2013 OctaFX.Com News Updates