OctaFX_Farid

The Queen euro or the King Dollar? EUR/USD declines further FXstreet.com (San Francisco) - oh, who would ever wanted to fight the USD? Since the May 1st high of 1.3240, the EUR/USD fell around 440 pips in just two weeks to test the 1.2800 area in the Friday's session. The pair closed the day at 1.2833, 0.36% negative on the day. In the short term, the perspective remains negative as the FXstreet.com trend index says the EUR/USD is slightly bearish in the 1-day chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is Bullish. "The strong bearish momentum seen in EUR/USD this week, has put the pair under risk of massive selloff as price is approaching a key support level, the neckline of a H&S figure around 1.2750," FXstreet.com Chief Analyst Valeria Bednarik commented in a recent report. "Considering the fact that the year low is at 1.2744, and therefore stops below should be large, a break lower should be the kick start of another round of dollar demand against the Euro." Among these lines, with the euro zone contracting for its sixth consecutive quarter and, of course, leaving the door open for another negative print in the Q2 GDP, it seems more and more plausible that those peaks in EUR/USD back in February will be remembered as the best moments of the cross in the present year. “The continued depreciation of EUR/USD drove the DXY Index to reach an intraday high of near 84.10, almost matching the high reached in July 2012," Korber continued. "We recommend a risk-neutral short EUR basket trade for those who look to sidestep the periodic short-covering rallies in EUR/USD." The FXstreet.com forecast poll showed a neutral bias for the EUR/USD in the week ahead as the next Friday's target is 1.2821 while the 1-month is 1.2898 and 1.867 as 3-month price. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 18, 2013 OctaFX.Com News Updates

US markets posed for further gains on better data FXstreet.com (Barcelona) - Better-than-expected data from the US CB Leading Indicator and the consumer sentiment gauged by the U. of Michigan index are bolstering today’s upside in the US equities, heading towards its fourth consecutive week of gains. The greenback, measured by the US Dollar Index, is testing intraday highs in the vicinity of 84.35/40 and closing the week with strong gains. DowJones is up 0.34%, following by the S&P500 and the Nasdaq, advancing 0.46% and 0.45%, respectively. Bourses in Euroland climbed to multi-year highs on Friday, propped up by the upbeat US data, allaying concerns about the US recovery. The CAC40 advanced 0.56%, seconded by the FTSE100, 0.53% and the IBEX35, 0.47%. Another volatile session for the single currency, navigating around the area of 1.2830/35 after dipping to session lows in sub 1.2800 levels. The ongoing USD rally has been punishing the EUR throughout the week, dragging the cross from Monday’s tops around 1.3030. In the commodities’ front, the selling pressure continues to hammer the ounce of gold, down 1.67% at $1,364 while the barrel of WTI is up 0.67% at $95.80. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 17, 2013 OctaFX.Com News Updates

Forex Flash: Recovery is in sight to support GBP - UBS FXstreet.com (Córdoba) - Following the BoE Inflation Report, Governor Mervyn King started the Inflation Report presentation with "Today's projections are for growth to be a little stronger and inflation a little weaker than we expected three months ago. That is the first time I have been able to say that since before the financial crisis". In this regard, the UBS analyst team comments that this supports their view that the UK is on a gradual recovery path. "It could also mean that King voted against further asset purchases at last week's policy meeting. The minutes next week will give further insights". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 15, 2013 OctaFX.Com News Updates

OctaFX Champion Demo Contest Current Update of OctaFXChampion Demo Contest! currently our top contestant abrabenz from Indonesia has piled up with Equity $80 654.00. So, let see who will grab the opportunity and be the winner. Contest rules and regulations Start Now! 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!

Fitch upgrades Greece to B- with outlook stable FXstreet.com (San Francisco) - Fitch Ratings upgraded Greece sovereign debt from CCC to B- on the back of progress in cutting budget deficit. The country's status is still junk but the outlook is stable according to a Fitch press release. "The Greek economy is rebalancing," states DFitch. "Clear progress has been made towards eliminating twin fiscal and current account deficits and 'internal devaluation' has at last begun to take hold." "The Economic Adjustment Programme (EAP) is on track amid a semblance of political and social stability." The agency adds that "the current account deficit has also shrunk from 10% of GDP in 2011 to 3% in 2012. The revised EU-IMF programme gives Greece two additional years (2015-16) to attain a primary surplus of 4.5% of GDP. This relaxation is reflected in Fitch's expectation of a milder economic contraction of around 4.3% in 2013 (-6.4% in 2012) and a weak recovery in 2014." Fitch says that the outlook stable reflects that the "upside and downside risks to the rating are more broadly balanced than in the recent past." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 14, 2013 OctaFX.Com News Updates

US markets advance on better US growth prospects, dollar rallies FXstreet.com (Barcelona) - Shares in the US markets are extending recent gains, bolstered by the improving confidence amongst investors in the US economic growth. The greenback, gauged by the US Dollar Index, is resuming its upside, trading in session highs in the proximities of 83.60. DowJones is advancing 0.60% followed by the Nasdaq and the S&P500, up 0.68% and 0.86%, respectively. Bourses in Euroland shrugged off the poor results from the German ZEW Survey and edged higher on Tuesday, with indices closing in fresh record highs after a negative start. The FTSE100 was the best performer, advancing 0.82%, followed by the DAX, 0.72% and the CAC40, 0.53%. After hitting intraday highs above 1.3020 overnight, the single currency initiated a correction lower to the current multi-week lows around 1.2930/35, as risk-off trade continues to weight on sentiment. In the commodities realm, both the barrel of WTI and the ounce troy of gold are trading in the negative ground, losing 0.29% at $94.89 and 0.69% at $1,424. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 14, 2013 OctaFX.Com News Updates

OctaFX.com- OctaFX awarded Best Customer Service Broker Asia 2013!! Dear Clients! We are extremely proud to announce that OctaFX has been awarded as the Best Customer Service Broker Asia 2013 by Global Banking and Finance Review. Global Banking and Finance Review is an online portal which provides informative and independent news for the global banking and finance industry. Global Banking and Finance Review has objective and respected editorial contributions from all major sectors, such as FOREX, Asset Management, and more. The editorial contributions are from various Central Banks, independent organizations and independent bodies. The readership comprises of senior decision makers from fortune 500 companies, large banks, financial institutions and Central Banks from 170 different countries. OctaFX has achieved tremendous success in terms of Customer Service this year. Huge resources were used to improve our Customer Service drastically. And when we talk about customer service we talk about customer trading experience first of all. Forex trading is the main service we offer and it must be flawless. During this year we have amazingly improved our trades execution making it one of the fastest among Forex brokers. We were one of the first to remove requotes, so much hated by the traders. Not a single requote was ever shown to OctaFX customers. Finally we have introduced the lowest ECN spreads, making our clients happy and satisfied. This has become true as a result of our hard work to provide the best customer service level in forex industry. We would like to thank the reviewers and jury, as well as all our clients who supported us. OctaFX has reached yet another success level and became a multi-awarded world-recognized broker. Our effort has been valued by the team of international market professionals, who picked winners from a vast number of brokers. It’s been a tough struggle. We are pleased to be the winners of such a valuable and precious award. We would like to thank the trader’s community once again for supporting us during this year and promise to offer more and more amazing services and promotions to our clients worldwide. 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!

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!

Forex: EUR/USD glued to 1.2970/75 FXstreet.com (Barcelona) - After quite a volatile session, the single currency seems to have stabilized in the area of 1.2970/75 at the end of the trading session on Monday against the backdrop of an increasing demand for the safe haven USD. Interesting docket in the euro area on Tuesday, as German, Italian and Spanish consumer prices will be released ahead of 6-m and 12-m auction of Letras in Spain. EMU industrial production will precede the more relevant ZEW Survey in Germany. Across the Atlantic, import and export prices will be in the limelight. As of writing, the cross is up 0.02% at 1.2974 with the next resistance at 1.3051 (high May 10) followed by 1.3075 (MA21d) and then 1.3100 (MA10d). On the flip side, a drop beyond 1.2932 (61.8% of 1.2740-1.3243) would expose 1.2916 (daily cloud base) and finally 1.2850 (76.4% of Apr. range). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 13, 2013 OctaFX.Com News Updates

Forex Flash: Short-term risk of USD/JPY spike - UBS FXstreet.com (Córdoba) - USD/JPY rose above 100 last week for the first time since April 2009. "Given the decisive break above the psychological 100 level, we see upside risk of USDJPY testing higher levels in the short term", says the UBS analyst team. "However, we still don't see any fundamentals change to support a clear move higher and therefore would like to stick to our current medium term forecast range of 95-100 at this moment". "A higher USDJPY range of 100-110 would require fundamental changes such as further easing by the BoJ, aggressive purchasing of foreign securities by Japan's investors for the portfolio rebalancing, or the Fed explicitly signalling to slow its pace of QE program", UBS adds. "At this stage, we do not expect any of these to occur in the coming months". OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 13, 2013 OctaFX.Com News Updates

Forex: USD/CAD bounces off 1.0090 FXstreet.com (Barcelona) - The Canadian dollar is now trading in a softer tone against the greenback on Monday, giving away earlier gains on stronger-than-expected US retail sales. “USD/CAD’s short-term rally has stalled in the mid-1.01 zone. Short-term trends appear a little softer, in fact. We think the cap on the USD in the mid 1.01 area may mean some modest corrective moves are in store for the USD in the early part of this week—perhaps back to the 1.0050/60 area”, assessed G.Moore and S.Osborne, FX Strategists at TD Securities. USD/CAD is now losing 0.04% at 1.1010 with the next support at 1.0077 (MA10d) followed by 1.0064 (low May 10) and finally 1.0014 (low May 9). On the flip side a break above 1.0152 (high May 10) would bring 1.0155 (50% of 1.0295-1.0014) and then 1.0156 (MA21d). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 13, 2013 OctaFX.Com News Updates

OctaFX .com -Success stories from Round 12 winners revealed! Dear traders! Today we are proud to award OctaFX Champion Round 12 winners! The round results remained unpredictable literally till the last minute. Once again over a thousand of the strongest traders of the world were in battle for the glory to win and receive amazing prizes from OctaFX. Ladies and gentlemen, the winners of the Round 12 of OctaFX Champion Demo Contest are: 1st prize, 500 USD, and congratulations to mr. Rusdian from Indonesia 2nd prize, 300 USD, and our huge respect to mr. Ilham Mudin from Indonesia 3rd prize, 100 USD, and give props to mr. Ruslan Daud Mendogu from Indonesia Finally the last, but not the least prize winner, mr. Md Ashraf Uddin from Bangladesh And traditionally, we have interviewed those who won the competition and asked them to share their success stories for everyone to see and follow. Now, let’s allow our winners speak for themselves: What is the key factor of your success? Why are you better than everyone else? Mr. Rusdian, 1st prize: I am always learning from my experience. I try to learn as much as possible from from my trading, I am truly open-minded for new ideas and knowledge. Of course I am willing to learn from others and happy to try new trading technique. Mr. Ilham Mudin, 2nd prize: Patience is the key to my success. One must carefully observe the market, watch trends and wait patiently for the perfect moment to enter the market. I think I managed to win because I set my goal and followed it. Mr. Ruslan Daud Mendogu, 3rd prize: Frankly, I don’t think I am that much better than anyone else. I just followed the trend and placed my trades accordingly. Maybe I was lucky to win. What trading tools are most preferred by you? Majors or exotic, and why? Mr. Rusdian, 1st prize: Majors, because they are simpler. Besides, you always have plenty of liquidity in major currency pairs, which is a very important thing for day trading. Mr. Ilham Mudin, 2nd prize: I’m using EUR/JPY and EUR/USD because they are quite easy to predict. Mr. Ruslan Daud Mendogu, 3rd prize: The trading tools I prefer most is are majors, because I can learn trading in majors easily. Md Ashraf Uddin, last place: I’m using candlestick chart with moving average and parabolic SAR. Certainly, I mostly trade majors because exotic pairs are too unpredictable. How long does it take to become a good trader? Mr. Rusdian, 1st prize: Actually the more you devote yourself to learning, the better you become in time. It’s hard to tell the exact timeframe, maybe a year, or maybe 10 years – you should never stop learning. Mr. Ruslan Daud Mendogu, 3rd prize: It took me 6 months to become more or less experienced in the field. But every day I learn something new about forex trading. Md Ashraf Uddin, last place: I think it take minimum 3 years to become proficient enough. On behalf of OctaFX we would like to thank each contestant for taking part in OctaFX demo contests! And we promise to continue the tradition of the amazing OctaFX Champion Demo Contest! Don't miss your chance to become a winner! 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!

Forex: EUR/USD finds support at 1.3005 FXstreet.com (San Francisco) - After collapsing around 100 pips from 1.3110 in the latest hour, the EUR/USD has found support at the 1.3005 level, 1-week low. The pair is currently trading at 1.3030, 0.90% down on the day. The pair's decline was "triggered by a strong upward momentum in greenback, as USD/JPY broke above 100.00," points Valeria Bednarik, FXstreet.com analyst. "Regardless the wild moves across the board, the EUR/USD manages to hold above the base of this past months range, respecting the 1.30/1.32 levels." Support levels are at 1.3010 1.2970 1.2925. Resistances are at 1.3050 1.3080 1.3115 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 09, 2013 OctaFX.Com News Updates

Forex: EUR/USD extends losses on USD strength FXstreet.com (Córdoba) - The EUR/USD continues to be dragged lower by an impressively strong USD, with the shared currency having recently printed a 2-week low. EUR/USD slid below the 200 SMA in 4 hour charts and hit a low of 1.3010 before bouncing slightly. The pair is currently trading around 1.3020, posts a 1.0% loss on the day. Below 1.3000, next support level could be faced at 1.2975 (200-hour SMA). The 1.3110/15 zone should hold bounces for now, followed by 1.3175 (daily high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 09, 2013 OctaFX.Com News Updates

Forex: EUR/JPY eyes 132.00 on weaker yen FXstreet.com (Barcelona) - The Japanese yen now intensifies its depreciation across the board, pushing the cross to the proximities of 132.00, levels last seen in January 2010. In the same tone, the yen is falling below the 100.00 mark against the greenback, lifting the cross to 4-year highs. At the moment the cross is advancing 0.99% at 131.52 with the next resistance at 132.05 (50% of 2008-2012 drop) followed by 132.40 (high Jan. 15 2010) and finally 133.62 (high Jan.14). On the downside, a dip beyond 130.25 (high May 9) would aim for 129.64 (low May 9) and then 129.29 (hourly low May 8). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 09, 2013 OctaFX.Com News Updates

OctaFX .com -Privacy Policy! OctaFx - Privacy Policy Privacy Policy OctaFX sets the highest standards in respect to our clients, partners or any other counterparties' privacy. Under no circumstances, unless under court decision or legal request, can the data be disclosed. Protection All the client data are protected by an SSL-encrypted connection to our Personal Area at www.octafx.com. It is highly unlikely that this encryption becomes disclosed to any third party. Personal Information When you open a real account, certain personal information is required. This information allows us to estimate your financial needs, process your requests and transactions, and keep you informed about our upcoming products and services. Required information may include: full name, address and birth date. In a number of cases we might require your identity confirmation, as set forth in the Customer Agreement. This includes passport or drivers license, or any other ID and a residential address proof. Anti-Money Laundering ("AML") regulations requires financial institutions to collect information and take action where necessary, in order to verify a customer's identity. Cookies We use a technology called "cookies", which enables us to provide you with a better experience in using our website by sending small text files from our servers to your computer. These cookies do not track your private information. Affiliates We may share some or all of the personal information described above with our affiliates in order to service client accounts or inform clients of new products and services. Our affiliates may include companies controlled or owned by us, as well as companies which have an ownership interest in our company. Our affiliates maintain the privacy of your information in the same manner and to the same extent as we do, and in accordance with this privacy policy. Third Parties We do not disclose your personal information to third parties, unless described in this privacy policy. Third party disclosures may include sharing such information with non-affiliated companies that perform support services for your account. Regulators Your personal information disclosure might be necessary in order to comply with applicable laws and regulations. This may include disclosing personal information in order to cooperate with regulatory authorities and law enforcement agencies, as may be necessary to protect our property or rights. Payment Information We do not keep nor store, in any form, customer payment information. 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 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!

Forex Flash: EUR/AUD supportive in the long term – ANZ FXstreet.com (Barcelona) - “Based on that outlook the time is ripe to unwind short-term exposures. That being said, fundamental underpinnings remain supportive for longer-term strength in the EUR/AUD.” notes FX Strategist Andrew Salter at ANZ. The flip side to devastatingly high euro zone unemployment rates are moderating unit labor costs and increased productivity. Current account balances are reflecting this increase in competitiveness. Trade flows are a buoy for endemic pessimism among investors. Australian dollar fundamentals are moving in the other direction. Throughout the recent mining boom, mining earnings were re-invested to pay for expanding production capacity. Because most of the industry is foreign owned, this method of financing also meant an absence of earnings flowing out of the economy and therefore limited downward pressure on the Australian dollar. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 08, 2013 OctaFX.Com News Updates

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!

Forex: AUD/USD consolidates losses below 1.0200 FXstreet.com (Barcelona) - Today’s decision by the central bank commanded by G.Stevens to lower the refi rate to 2.75% is still weighting on the Aussie, dragging AUD/USD well below the key mark at 1.0200 around 1.0160/65. Next big event in Australia ahead in the week will be the Unemployment Rate and the Employment Change, expected at 5.6% and 12K, respectively. “Notably the RBA notes the continued strength of AUD - a key issue for the non-resource sector. We look for at least one more 25bp cut from the RBA in H2 and for AUD to head more consistently below parity”, suggested Lars Christensen, Chief Analyst at Danske Bank. The cross is now losing 0.77% at 1.0172 with the next support at 1.0116 (2013 low Mar.4) ahead of 1.0100 (low Jul.12 2012) and then 1.0021 (low Jun.29 2012). On the other hand, a breakout of 1.0221 (low Apr.23) would aim for 1.0245 (hourly highs May 7) and finally 1.0285 (MA10d). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 07, 2013 OctaFX.Com News Updates

Forex: USD/CAD hovering over 1.0050/55 FXstreet.com (Barcelona) - The Canadian dollar is gaining ground against its neighbour on Tuesday, orbiting around the mid 1.0000s as markets remains tilted towards the risk appetite. According to FX Strategists G.Moore and S.Osborne at TD Securities, the recent decline eclipses their bullish perspective on the cross after last week’s rebound from 1.0052. “Just how much more downside potential there is here in a broader sense is not clear though and we still rather think the low/mid 1.0000s will continue to provide support for the USD, ahead of the 200-day MA (0.9989). Ultimately, price action seen over the past few weeks may still be seen as part of a longer-term basing move (we remain long-term USD/CAD bulls)”, concluded the experts. At the moment, the cross is down 0.18% at 1.0049 facing the next support at 1.0017 (61.8% of 0.9815-1.0343) followed by 0.9995 (high Feb.5&7) and finally 0.9971 (low Feb.8). On the flip side, a break above 1.0083 (high May 7) would expose the psychological level at 1.0100 and then 1.0214 (high Apr.26). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 07, 2013 OctaFX.Com News Updates

FXstreet.com (Barcelona) - Forex Flash: Inflation provides scope for central bank largesse to continue - Societe Generale FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that inflation provides scope for central bank largesse to continue. He begins by noting that with 2yr swap rates edging below 2.8% on Friday, a rate cut in Australia was largely priced in, even if it wasn’t widely expected amongst economists. He adds that that, along with a bounce in copper and some other commodity prices, is why AUD/USD is holding up and it needs to close decisively below 1.02 to make chart-drawers (and me) really happy. He writes, “The RBA was allowed to cut because recent inflation data are low. Away from that, the split between resources/domestic sectors of the economy is not new and growth hasn’t fallen off a cliff. But inflation may even allow further easing.” Juckes sees that the currency is overvalued and supported only by risk-on (SPX), commodities and rates/yields. As two of the three pillars holding it up come down, it is only a matter of time before a return to the mid-90s is seen. Lack of inflation is evident in the UK BRC shop price index too, which fell to 0.4% y/y in April, its lowest level since 2009. He comments that the BRC measure may come in way below the CPI series, but the trends are similar enough that we might get better CPI news in the months ahead. He writes, “Receiving 10yr/10yr GBP vs US still appeals to me, and with the MPC likely to do absolute nothing this week, I don’t see much wrong with short EUR/GBP trades, either. In Europe, yesterday’s dovish comments from Mario Draghi kept the peripheral bond mood buoyant. The sharp contrast between yesterday’s Fed loan officers’ survey and the ECB bank lending survey a couple of weeks ago won’t have any market impact, though EUR shorts and Euro receivers against dollar payers appeal for those with any patience. French industrial production data were weak too (-2.5% y/y, with manufacturing -4.9% y/y). German factory orders are the ‘highlight’; of the economic calendar. The US will watch slightly firmer commodities but after yesterday saw the S&P extend higher, a correction would come as no surprise at all.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 07, 2013 OctaFX.Com News Updates

Forex: USD/JPY aims 99.70/100.00 and then 101.27/67 – Commerzbank FXstreet.com (Barcelona) - The USD/JPY remains sidelined above the 96.99 late April low, but dips lower should find support at 96.71, the March high, and at 95.67, the mid-April low, while key support remains trend and cloud support at 95.40/94.13. “We look for this to hold the downside and provoke recovery, if reached at all that is”, wrote Commerzbank analyst Axel Rudolph. Provided this holds the downside, the USD/JPY targets the 99.70/100.00 resistance area (recent high, Fibonacci retracement and psychological resistance): “This resistance zone is being targeted at present but is likely to cap once again, before eventually being breached. Above here will see an extension to 101.27/67 (the 1999 and 2005 lows). This resistance area is expected to hold the initial test”, he added. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 06, 2013 OctaFX.Com News Updates

Canada: Building Permits rose 8.6% MoM in March FXstreet.com (Barcelona) - Canadian building permits rose 8.6% on a monthly basis during March, crushing estimates at 0.9% and up from February’s raise of 1.5% (revised). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page May 06, 2013 OctaFX.Com News Updates

OctaFX Champion Demo Contest Current Update of OctaFXChampion Demo Contest! Just few hours left to the end of this round and currently our top contestant Suripto from Indonesia has piled up with Equity $52 341.77. So, let see who will grab the opportunity and be the winner. Contest rules and regulations Start Now! 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!