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OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: Buy USD/JPY on dips in the near-term, but be warned by headwinds - Rabobank FXstreet.com (San Francisco) - After rising 665 pips in the last three session from the 92.70 triple bottom area, the USD/JPY reached today the highest level since May 2009 at 99.35. The movement has been fueled by the BoJ aggressive measures to fight the strong yen. Many banks are forecast the USD/JPY to reach the 100.00 this week with the pair ending the year well above the this mark. The Rabobank's analyst Jane Foley points that "currently the real effective exchange rate of Japan is trading well below the average of the past 20 years. This means the Japanese authorities will now find it difficult to argue that the yen is too expensive." And despite economist and leaders across the world have criticized the measure, the BoJ remains firm in its decision. In this case, Foley states that "the greater the move in the JPY the more likely it is that a discussion about currency wars will be re-ignited. " Meanwhile, "it appears that while technical resistance in the Y98.90/99.80 area may slow the move down, the yen is still very vulnerable to the enthusiasm that greeted last week’s aggressive BoJ policy action," comments Folwy. Rabobank continues "to favour buying USD/JPY on dips in the near-term, but would warn that JPY losses are likely to be subject to headwinds from a variety of directions which could limit the magnitude of the move." "The potential for a less robust tone in the USD and a general decline in risk appetite in Asia are not natural conditions for an aggressive rise in USD/JPY," adds the Rabobank analyst. "This suggests it may be more of a struggle for USD/JPY to conquer and hold the 100 barrier than the yen bears currently suggest." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 09, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex: USD/JPY breaks above 99.00 FXstreet.com (Córdoba) - The US dollar continued to advance against the yen during the American afternoon and finally broke above the 99.00 psychological level to hit nearly 4-year high. USD/JPY extended gains into a third consecutive day and recently hit a high of 99.32, last seen May 2009, before pulling back slightly. At time of writing, USD/JPY is trading around 99.20/25, recording a 1.5% rise on Monday. As the pair continues to move closer to the 100.00 mark it could face resistances at 99.60 and 99.80. On the other hand, supports could be found at 98.00/05 and 97.30 and 97.00. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 09, 2013 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX .com 8 USD BOUNS RULES Since thousands of clients are applying for Octa-welcome Bonus these days, OctaFX is glad to announce we made the bonus rules easier, safer and convenient for our clients. Enjoy the freedom of trade! Now bonus is credited to a special bonus account with even better trading conditions! Now you can enjoy 1:500 leverage with Welcome account, 0.01 lots (microlots) and unique OctaFX lowest spreads in the market! Promotion rules No agent commission is credited for trading on bonus accounts. It is necessary to verify your account to receive a bonus. A special welcome account is opened for bonus trading. Bonus can not be added to another account type (Micro, ECN or IB). Welcome account conditions are equal to Micro Swap Free account conditions. You can not deposit a welcome account. It is required to trade 8 standard lots to make the bonus withdrawable. It is required to finish 2 standard lots to withdraw profit for welcome account. We will return 16 USD after 8 standard lots are finished in a bonus account. So your 8 USD bonus will become withdrawable and we will grant you 8 USD more. So-called "reverse trading" on bonus accounts is strictly prohibited. "Reverse trading" denotes opening the same position in reverse destinations on 2 or more bonus accounts. E.g. open 0.01 lot BUY on EURUSD in one account and 0.01 lot SELL on EURUSD in another at the same time. The Client acknowledges that such accounts will be blocked, bonuses and profits will be canceled. Maximal leverage for non-deposit bonus accounts is 1:500. Minimal and maximal volume for welcome account is 0.01 lot. Maximal number of simultaneously open positions is 3. Opening multiple bonus accounts (including those registered for relatives. etc) is prohibited. In case of IP address or personal data partial or complete match, or other signs of accounts belonging to the same person, such accounts will be blocked, bonuses and profits will be canceled. The bonus may be cancelled anytime. In this case 8 USD will be charged from your account. Bonus can't be canceled. ANY IP match between 2 accounts regardless of trading style, name, email, country, etc will be considered as multiple bonus account. Such accounts will be blocked, all withdrawals will be rejected. Each client can have only one bonus account. OctaFX may reject s client's bonus application(s) at anytime without prior notification or providing reasons for such decision. OctaFX reserves a right to change, update or cancel this promotion with notification in the Company news. Certain countries may be restricted from getting a bonus 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 - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX .com Happy weekend to all 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 - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex: EUR/USD jumps but the dark clouds remain there; The long & sweet BoJ Game FXstreet.com (San Francisco) - Is the war, is the currency war! The Euro recovered ground against the US dollar and after two days of spectacular rally, the pair rose 300 pips from the 1.2745 double bottom to break above the MA200 days to 10-day highs at 1.3040. Is it the end of the two month decline for the single currency? But there are Portugal now... The Portuguese constitutional court rejected some austerity measures listed in the 2013 budget by over €1Bn. The court's rejected measures include public workers and pensioners paycheck, unemployment subsidy and sickness benefit are unconstitutional according to the court. So, the Eurozone seems to be not longer fixed. As resul, the Portuguese Prime Minister Pedro Passos Coelho will hold an extraordinary Council of Ministers on Saturday at 14 GMT. Meanwhile, Socialist opposition leader, António José Seguro, said he's "ready to replace the government." Another chapter in the long European tragicomedy. Cyprus, Spain, Slovenia, Ireland, Portugal, Italy... who is next? Natural Citi analysts state that "$1.2260 is fair value for the euro." After consolidating above the 1.3000 during the last part of the session, the EUR/USD reacted slightly down, considering the hour it was a nice movement, and the pair lost 20 pips to close the session at 1.2995. "Bias however remains to the upside as the hourly chart shows price found support in a strongly bullish 20 SMA and indicators heading north above their midlines," comments FXstreet.com analyst Valeria Bednarik. "As long as above 1.2950/60 area the pair could present an upward continuation, although the movement is seen as corrective in the long term, up to 1.3112, 38.2% retracement of its latest daily fall." Nomura strategist Saeed Amen considers that the EUR/USD is technically bullish. Looking at a daily chart Amen notes that with spot breaking about the 200 SMA, it suggests that momentum is on the upside. Further, he adds that RSI is relatively elevated with the past few weeks. Elsewhere he adds that bandwidth is quite low and it is likely that spot will range from here. He writes, “Hence, our target is relatively close at 1.3000.†According to the FXstreet.com currencies forecast, investors have just a little more faith in the EUR/USD. With a 1.3021 average as 1-week target, Euro finds some adepts among the experts, at least in the short term view. The quarterly outlook however shows no consensus, seen in a 2000 pips range. The long and sweet BoJ Game Impressive Yen weakness across the board. In two days, the USD/JPY rallied 500 pips from the 92.75 area to reach the highest level since June 16 2009 at 97.82. The EUR/JPY climbed 815 pips from the triple bottom at 119.15 to 127.30, highest since February 7th. But atonished was the GBP/JPY. The pair jumped 960 pips, yes... 960, from 140.40 to trade at 150.00, the highest since January 2010. Natural that George Soros states that the BoJ game is dangerous, many investors could think the same after comparing the Yen performance in the last two days with the last two years. Soros pointed that EE.UU. is three times Japan and in relative terms, he stated that Japan plan is 3 times the current US QE3. In this line, Rabobank analyst team commented in a recent report that "after years of struggling with deflation there are no guarantees that the BoJ will succeed either in its aim of achieving a 2% y/y inflation on a 3 year view or in returning decent, sustainable growth levels back to Japan." On balance, Rabobank continues, "we foresee plenty of resistance to future yen losses and consequently have revised up our 12 mth USD/JPY forecast moderately to 97.00 from a previous forecast of 95.00. Near-term, we continue to favour buying USD/JPY on dips." There are divergences in opinions, early in the day the RBS analyst team published that the BoJ opened "a new era of the JPY funded carry trade," and they said that their RBS' target for the year end is 110.00. On the short term, HSBC revised higher its USD/JPY forecast to 95.00 in Q2, but HSBC keeps view that pair will finish year lower than current spot, targeting 88.00. The FXstreet.com USD/JPY forecast poll doesn't see heavy gains in the USD/JPY as they sees 97.16 as 1-week average target. However, the Bank of Japan set the tone of USD/JPY, as the pair is expected to remain well bid over the upcoming months, with 100.00 turning real. "Is 110 Possible in USD/JPY?" BK Asset Management's analyst Kathy Lien asks. "Considering that the Bank of Japan has just begun easing, there's a lot more room to the upside," Lien points. "Its 10 year average is 100 and at minimum, we expect USD/JPY to rise to this level but 110 is also possible though 104.50/105 is a more realistic short term target." The week ahead: In the next week, market will digest monetary policy decision with the minutes from the FOMC and Bank of Japan releases and the ECB monthly report. Investors must pay attention to Germany inflation on Thursday and US retail sales and the Michigan Consumer Sentiment Index on Friday. Throughout the weekend, market will focus on Portugal developments and new negotiation between Portuguese government and the opposition, and even the Troika, to fix the 2013 budget. On Monday, calendar will bring the Sentix Investor Confidence index in the EMU for the month of April, ahead of the German Industrial Production. Across the pond, the most relevant event will be a speech by Chief Bernanke. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 06, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: Bunds look neutral ahead of strong resistance – RBS FXstreet.com (Barcelona) - Bund trends remain in place with a new support gained at the 145.80 level, being the 161.8% Fibonacci projection from the February-March 2013 impulse wave. However, it faces a strong resistance at 146.80/90, where several projected Fibonacci levels lie (e.g. the full 200% projection of the February-March 2013 move). According to Technical Markets Strategist Dmytro Bondar at RBS, “Momentum tools are pretty neutral, as overbought conditions are not meaningful in a strong trend environment. Therefore, unless a clear bearish divergence develops, there seem to be no reasons to fade the trend. The price heads towards the 146.90 resistance, where there might be an initial reaction leading to a consolidation within the 146.20 – 146.90 region. Once the 146.90 resistance is broken, the next targets would be 147.63, 148.09 and 148.44.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 05, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Canada: Ivey PMI surprises at 61.4 in March FXstreet.com (Barcelona) - The March Canada PMI by Richard Ivey School of Business rose from 51.1 to 61.4, surprising investors that were only expecting a slight rise to 52.4. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 05, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: USD/JPY looks neutral ahead - BTMU FXstreet.com (Barcelona) - Bank of Tokyo Mitsubishi UFJ analysts note that USD/JPY looks neutral ahead and they see spot moving between a range of 94.00-97.00. They begin by noting that Kuroda´s regime change was well beyond market expectations. However, they feel that other dollar buying factor may be required for further USD/JPY upside. With the especially weak NFP report this afternoon, they believe that the BoJ’s monetary easing will limit yen upside potential. They write, “Any dips for USD/JPY below the 95.00-level will likely encourage strong buying activity.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 05, 2013 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX to introduce One-Click Trading in Metatrader 4! Dear clients! We are proud to announce one-click trading for Metatrader 4. The long-awaited update is now available in your MT4 trading terminal. No special scripts, nothing to install, you can have it now without any hassle. One-Click trading is an extremely convenient tool, allowing you to trade right from the chart. Every time you want to enter the market fast, you can do it in literally one click. Any news trader or scalper will definitely find it very helpful. Here are three easy steps to enable one-click trading in your MT4. Step 1 Open the chart you want to trade on. Then click the small arrow in the left top corner or the chart next to the symbol name. It will open the one-click trading interface on your chart. Step 2 Now you can see the interface. It shows you your current selected order volume (PLEASE pay attention to that!) and current currency bid and ask prices. You can change your volume here. And as you click SELL or BUY it will open you a new order in just one click! Step 3 FIRST time you activate your one-click trading, you must agree with the One-Click Trading disclaimer. Thats it, you can use the feature for your trading! We have had a huge demand for One-Click trading and we are happy to satisfy our clients needs. Stay tuned for more cool features and updates from OctaFX! 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 - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: Adding long USD/JPY to our Asia FX portfolio - Nomura FXstreet.com (Barcelona) - Nomura strategists Craig Chan and Wee Choon Teo have decided to add a long USD/JPY position to their Asia FX portfolio. They note that the positive surprise from the BoJ announcement yesterday exceeded elevated market expectations and markets reacted forcefully. They comment that their G10 FX Strategy team expects JPY to weaken further against major currencies in the medium term, as domestic asset managers start to shift in the new fiscal year, and on the back of unprecedented policy aggressiveness by the BoJ. They feel that given the much lower level of nominal JGB yields, and the gradual pick up in inflation expectations, it is natural to assume a push into other asset classes by institutional managers. They write, “The sharp JPY depreciation has hit our short S$NEER recommendation given the relative SGD appreciation. As such, we recommend adding a long USD/JPY position to our Asia FX portfolio to neutralize the effect of further JPY weakness on the S$NEER basket.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 05, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex: GBP/USD above 1.5200 ahead of UK data FXstreet.com (Barcelona) - The sterling is posting marginal losses on Friday, following its European counterpart as markets are slightly biased towards the risk-off mode. Ahead in the day, house prices gauged by the Halifax index are due, followed by a speech by MPC Dale, although the most relevant event will be the US NFP due in the European midday. GBP/USD is now losing 0.07% at 1.5222 facing the next support at 1.5026 (low Mar.20) followed by 1.5003 (61.8% of 1.4832-1.5280) and finally 1.4965 (low Mar.7). On the flip side, a breakout of 1.5259 (high Apr.2) would expose 1.5280 (high Mar.25) and then 1.5330 (high Feb.22). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 05, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: USD/CAD sell on rallies – TD Securities FXstreet.com (Barcelona) - What a final session of the week for Tokyo traders today with China closed for holidays and local share markets down dragged on Hong-Kong losing more than -2% on the back of bird flue fears, while Nikkei index gained at some point of the early session more than +4%, adding to yesterday's +2.2% advance. BoJ Kuroda was confirmed by Japanese lower house, giving a speech on his compromise to keep pushing on monetary easing measures until decent gains in inflation rates are seen. USD/JPY printed a fresh 3.5-year high at 97.18, while Nikkie index climbed above the 13k mark for the first time since pre-Lehman crisis, back in August 2008. Other major currency pairs have been quiet over all, including commodities as Gold and Oil, while Hang-Seng index has extended the loses to -2.55% last, and USD/JPY flipped to the downside back to 96.20 lows, on the back of a broad USD selling move, and a 10 year Japanese bond massive sell off. Main Headlines in the Asian session: Yellen comments hitting the newswires now – will allow inflation >2% slightly and temporarily Chinese markets closed again today Forex: EUR/USD tests the 1.2950 ahead jobs report; More to come? What the BOJ committed to yesterday Forex: EUR/AUD stalls below 8-day highs at 1.2400 Aso – wont comment on bond yield level Amari also speaking with reporters – Have to show there is no concern on fiscal sustainability Japan Mar JP Foreign Reserves falls to $1254.4B vs $1258.8B Forex: AUD/USD showing weakness below 1.0450 Forex Flash: NFP at 200k – Westpac Forex: USD/JPY breaks above previous 3.5-year highs Forex Flash: USD/JPY longs looking to take profit – TDS USD/JPY – next barrier option at 97.25 Kuroda still going: The BOJ will continue easing until price growth is sustainable Soros – Yen fall may become like an avalanche Forex: EUR/JPY biggest single day rally on record above 125.30 Forex: EUR/USD below 1.2930 takes a pause ahead of key US NFP Kuroda has been confirmed by the Japanese lower house as BOJ Governor USD/JPY: Off the highs as 10 year yields climb Tokyo stock exchange halts trading in JGB futures after sharp drop Forex: USD/JPY dives below 96.30 on massive taking profit Japan leading indicators feb: +2.5 vs +3.1 prev OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 05, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: USD/CAD sell on rallies – TD Securities FXstreet.com (Barcelona) - With no domestic data on tap and plenty of Fed-speak today ahead of tomorrow’s data deluge, TD Securities analysts favor neutral range-trading in USD/CAD in the near-term. “From a technical point of view, we have been bearish USD/CAD over the past week or two but price trends suggest that the recent improvement may be stallingâ€; wrote analysts Shaun Osborne and Greg Moore, looking to sell USD rallies at the moment though “and we still rather think that the 1.0180/85 area should be firm short-term resistanceâ€. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2013 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
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! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
UK: PMI Services improves to 52.4 in March FXstreet.com (Barcelona) - UK PMI Services increased to 52.4 points in March, from 51.8 points in February, according to data released today by Markit. Analysts expected a decrease to 51.5. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex: USD/JPY with violent jumps, now above 95.00 FXstreet.com (Barcelona) - Despite the announcement of a new monetary policy framework and more easing than expected from the BoJ, the USD/JPY took its time to switch from a numb state just below 93.00 to jump above the 94.00 handle. After a few moments, the pair went for another leap, this time to 95.44, but noticeably retraced back. Markets are positioning themselves to this surprise action. The BoJ is now targeting the monetary base rather than the overnight call rate. Surpassing market consensus of 10y point, Rinban operations and the JGB component of the Asset Purchase Program were folded into a new purchasing program with the authority to buy all along the JGB curve - even out to the 40y point. The BoJ expects its total holdings of JGBs to rise to Y140 trn by end-2013, Y26trn more than the previous guidance. JGB holdings are now forecast to rise a further Y50 trn during 2014. “Minor resistance comes in at the 95.25 near term resistance line ahead of 96.14 and the 96.71 March highâ€, wrote Commerzbank analyst Karen Jones, pointing to longer term target at 99.70 (50% retracement of the 2007 to 2011 drop) and then 101.27/67 (the 1999 and 2005 lows). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
BoJ more aggressive than sky-high-expectation FXstreet.com (Barcelona) - The long awaited first Bank of Japan's meeting under Haruhiko Kuroda's surveillance has been published, with the bank announcing the implementation of the following monetary policies: - Bank of Japan will double its monetary base thru JGBs and ETFs in 2 years. The decision was unanimous - Merger asset program with regular bond buys - Purchases of assets extended from 3-year maturities to 7/8-years maturity - JGBs Of all maturities open as future options for purchase - BOJ will buy over 7 trillion yen worth of bonds each month. - Target on bond buying would expand monetary base to the point of reaching Y270 trillion by 2014 - BOJ will increase JGB holdings at Y50T/year - Suspension of the 'Banknote Rule' temporarily - Introduction of 'Quantitative and Qualitative Monetary Easing' - Decision to keep ultra-easing policy until 2% inflation is achieved sustainably approved by 8-1. BoJ member Kiuchi dissented. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 04, 2013 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX Champion Demo contest: round 11 is over, round 12 is on and the registration is open! Dear traders! We are glad to announce the end of Round 11 of OctaFX Champion Demo contest! It has been an outstanding experience to watch traders from all around the world fighting for the contest prizes. As usual, breathtaking race for success! The noble winners will be awarded later on this week. And of course, we will ask them to share their secrets of successful trading. In the meantime we are happy to announce that Round 12 of OctaFX Champion Demo Contest has officially started today! From now on, over 700 strongest traders of the world will be competing for the amazing prizes of this contest, namely: 1st prize gets 500 USD 2nd prize gets 300 USD 3rd prize gets 100 USD The last place gets another 100 USD The results and winners will be announced after April 27, 2013 00:00 (GMT+2). OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX! Finally, let us remind you of the registration to the 13th round of OctaFX Champion Demo Contest! You can still register and take part in the next round and win amazing prizes from OctaFX! Read more about the contest and take part here! 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 - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Cyprus would extend capital control for seven more days FXstreet.com (San Francisco) - According to Cypriot central bank officials cited by Bloomberg, Cyprus will issue a decree extending capital controls for seven days. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2013 OctaFX.Com News Updates -
OctaFX.com - Keep trading we'll take care of the rest
OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com- OctaFX King of the Road Contest Current update of OctaFX Champion Demo Contest! Currently our top contestant yalmos (7) has piled up with 197 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! -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: US Jobs in focus - Societe Generale FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that today, the ADP National Employment Report likely will colour expectations heading into Friday's official government release. He sees that data in hand points to a 225,000 jump in the ADP private payrolls series, after a 198,000 rise during the prior month. The release of the non-manufacturing ISM gauge will also be a focus for market participants. He writes, “We project that the aforementioned measure retreated by 2.3 points to an eight-month low of 53.7 in March.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex: EUR/GBP at 0.8480 after UK PMI and EMU CPI FXstreet.com (Barcelona) - The EUR/GBP first dropped as low as 0.8469 on the London opening but eventually jumped back to 0.8490 on the release of UK PMI Construction that rose from 46.8 to 47.2 in March, although staying below the 47.5 consensus. As of writing, the cross is quoting around 0.8480. Also out was the preliminary release of EMU CPI in March, coming in at 1.7% from 1.8%, as expected. Investors are awaiting tomorrow’s policy announcements by the ECB and BoE. In regard to the European central bank, TD Securities analysts believe the IFO survey was strong enough to mitigate the tracking for the Eurozone until March surveys universally disappointed. “So if the data is bad enough over the next month, this could trigger a response, or at least flagging the risks for Juneâ€, wrote analyst Richard Kelly. “A break of the hourly resistance at 0.8499 (26/03/2013 high) is needed to improve the short-term technical configuration. A key resistance can be found at 0.8602 (20/03/2013 high)â€, wrote MIG Bank analyst Bijoy Kar. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 03, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex Flash: Looking past Cyprus, Italian politics are next - BBH FXstreet.com (Barcelona) - Brown Brothers Harriman analysts believe that when investors have managed to look beyond Cyprus, Italian politics seem to be the next worry on the horizon. They feel that there are increasingly worrisome signs in the real economy, as well as in the financial sector too. They write, “The March manufacturing PMI (44.5) is the lowest since last August and the forward looking orders slumped since last May. Output and employment are at seven-month lows. The general reduction of Target2 imbalances continued into February.†However, the notable exception was in Italy where liabilities rose by EUR 28bln, the largest increase in a year and reversing the improvement seen over the past six months. In addition, unlike most other countries central banks, the Bank of Italy increased its borrowing from the ECB for the first time since last July. They write, “Without putting too fine of a point on it, these figures point to increasing financial strains in Italy.†OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 02, 2013 OctaFX.Com News Updates -
OctaFX.Com - Financial News and Analysis
OctaFX_Farid replied to OctaFX_Farid's topic in Fundamental Analysis
Forex: AUD/USD aiming at daily highs again FXstreet.com (Barcelona) - The AUD/USD is holding most of its gains made during the Asian session as the RBA decided to keep its monetary policy intact, with the rate at 3% for the third month in a row. The cross had risen to 1.0479 high, and after profit taking ahead of the European opening, the market climbed the chart back to its highs. Ahead of the NY opening, the AUD/USD eased again, to 1.0454, and is currently attempting at moving higher. “Barring offshore shocks, we believe the RBA is in a comfortable position to sit tight for the next couple of meetings (TD –25bp in June, to 2.75%) as we all wait for Mar qtr CPI report (24 April) and capex survey (30 May)â€, wrote TD Securities analyst Alvin Pontoh, pointing also to the strong rise in the RP Data-Rismark dwelling price index by 1.3% m/m and 2.4% y/y, the fastest annual increase since early 2011, while the PMI slid 1.2pt to 44.4 in March. US Economic optimism by IBD/TIPP came a little higher than expected, rising from 42.2 to 46.2 for the April report, beating the 46.1 consensus but still below the 50.0 threshold. A big drop on the ISM New York was seen in March as it eased from 58.8 to 51.2, remaining in an expansionary pace, though. “The AUD/USD has broken its support at 1.0421. However, the subsequent bounce suggests a still strong buying interestâ€, wrote MIG Bank analyst Bijoy Kar, monitoring the hourly resistance at 1.0497 (26/03/2013 high) and the hourly support at 1.0386 (01/04/2013 low. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 02, 2013 OctaFX.Com News Updates -
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OctaFX_Farid replied to OctaFX_Farid's topic in Forex Brokers
OctaFX.com- Updated and more convenient economic calendar from OctaFX Dear traders! OctaFX is constantly working on the improvement and enhancement of our services. We are considering your feedback and doing our best to make your trading experience convenient. With this in mind, we are proud to present our new and updated Economic Calendar . Now you can view all the important news releases, sort and filter them in the way you like it. This will keep you updated about all the news in the market. You can also set your time zone to know exactly the time of a particular news release. We have several other great features in development, so please stay tuned for the news. 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!