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OctaFX_Farid

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  1. Forex: EUR/USD climbs to 1.2840 after German CPI FXstreet.com (Barcelona) - The shared currency is hovering over the area of 1.2840/45 on Tuesday, after preliminary inflation figures in Germany showed the CPI rose 1.4% on a year to March, banging on estimates, and rose 0.5% on a monthly basis, above the 0.4% forecasted. Regarding Cyprus, the finmin, M.Sarris has stepped down, although the single currency remains muted. Next on tap will be the US Factory Orders, expected to grow 2.9% during February, leaving behind January’s contraction of 2.0%. At the moment, the cross is down 0.05% at 1.2841 with the next support at 1.2751 (low Mar.27) ahead of 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711). On the flip side, a break above 1.2886 (MA200d) would expose 1.2890 (high Mar.26) and finally 1.2943 (MA21d). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 02, 2013 OctaFX.Com News Updates
  2. Forex: GBP/USD hovering over 1.5225/30 FXstreet.com (Barcelona) - The sterling is following its European counterpart on Monday, now giving away part of the initial gains after climbing above 1.5240. After the last report of the CFTC COT, S.Osborne and G.Moore at TD Securities, commented, “The GBP net short was also extended and remains at extreme levels not seen since autumn 2011. The BoE is in focus later this week and could shift positioning considerably”. As of writing, the pair is up 0.24% at 1.5230 Next resistance levels align at 1.5260 (hourly highs Mar.25) ahead of1.5280 (high Mar.25) and finally 1.5330 (high Feb.22). On the downside, a break below 1.5200 (high Feb.28) would aim for 1.5180 (hourly lows Mar.28) and then 1.5165 (MA10d). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 01, 2013 OctaFX.Com News Updates
  3. Forex: EUR/USD still facing resistance at 1.2825 ahead of US ISM PMI FXstreet.com (Barcelona) - Some volatility was seen prior to the release of the March manufacturing PMI by Markit, with a first test of support at 1.2800 before a rise to 1.2825 resistance. Data rose from 54.3 to 54.6, disappointing investors looking for a figure at 54.9. The EUR/USD eased from its highs towards 1.2815, for now, ahead of US ISM manufacturing PMI and construction spending. The ISM manufacturing PMI is expected to come in at 54.1. “This will mark the fourth consecutive month in expansionary territory for this indicator, as the sustained push higher has been reflected in the improving tone in the various regional manufacturing sector indicators, which are now all in expansionary territory”, wrote TD Securities analyst Alvin Pontoh, pointing to the steady improvement in the new orders to inventory spread (a proxy for future production activity) which is now at its highest level since May, as key to upside potential for production activity. “New orders activity should advance during the month, with the employment sub-index also edging higher. Nevertheless, as the pace of growth slows in the coming months, we expect manufacturing sector activity to moderate”, Pontoh concluded. “The EUR/USD currency pair is being corrected towards its previous descending structure. We think today the price may reach the level of 1.2850 and then start a new descending movement towards the target at 1.2700”, wrote Roboforex.com analyst Igor Sayadov, expecting then a reversal pattern for a new ascending trend. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 01, 2013 OctaFX.Com News Updates
  4. 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!
  5. Forex: GBP/USD eases to 1.5190 FXstreet.com (Barcelona) - The sterling is retracing initial gains after climbing to the boundaries of 1.5220, as risk appetite is shrinking ahead of the US manufacturing data. “Barring ongoing negative data surprises, it appears that downside drivers for sterling may be limited in the short term and entrenched shorts are being lifted. Structural woes in the Eurozone are also helping sterling’s case”, assessed G.Yu y G.Berry, Strategists at UBS. As of writing, the pair is flat at 1.5192 with the immediate support at 1.5112 (low Mar.28) followed by 1.5092 (low Mar.27) and then 1.5090 (low Mar.21). On the upside, a surpass of 1.5207 (high Mar.26) would bring 1.5280 (high Mar.25) en route to the psychological level of 1.5300 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 01, 2013 OctaFX.Com News Updates
  6. Forex: GBP/USD consolidates below 1.5200 FXstreet.com (Barcelona) - The sterling is following the prevailing offered tone in riskier assets on Monday, testing session lows in the vicinity of 1.5180 after briefly hitting levels above 1.5200 overnight. Interesting week ahead for the sterling, as manufacturing and services PMI prints plus the BoE MPC meeting are due, although traders expect the repo rate and the asset purchase programme to remain unchanged. As of writing, the cross is down 0.05% at 1.5185 with the next support at 1.5112 (low Mar.28) followed by 1.5092 (low Mar.27) and then 1.5090 (low Mar.21). On the upside, a surpass of 1.5207 (high Mar.26) would bring 1.5280 (high Mar.25) en route to the psychological level of 1.5300 OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Apr 01, 2013 OctaFX.Com News Updates
  7. OctaFX.Com - Happy Weekend to all! OCTAFX is a top-notch service level forex broker. OctaFX provides forex trading services to clients all around the globe with Metatrader 4 trading software. Open your real account today and start your profitable requote-free trading in 5 minutes! Start your successful trading with OctaFX today 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!
  8. Forex: What a trip! The EUR/USD close the quarter at 1.2800 FXstreet.com (San Francisco) - 960 pips epic decline. The EUR/USD opened the year at 1.3185, in January the pair advanced more than 500 pips to the 1.3575 level and in the first day of February, the Euro even advanced to the highest since November 2011 at 1.3710 but suddenly something changed. After Draghi and company was showing euphoria in the beginning of the year, they switched into the dark mode and the pair fell to test the 1.2750 level, in an impressive 960 epic two months decline. Currently the EUR/USD is trading around 1.2820 on Good Friday. News from Cyprus and now from Italy has hurt the pair that it seems to be set to continue the bearishness. The EUR/USD traded sideways the whole Friday's session, moving between 1.2810 and 1.2835. The pair closed the session 0.03% positive at 1.2820. As for the short term, it will face the next hurdle at 1.2884 (MA200d) en route to 1.3050 (high Mar.25) and then 1.3163 (high Feb.28). On the flip side, a breakdown of 1.2804 (low Oct.2012) would open the door to 1.2751 (low Mar.27) and finally 1.2730 (low Nov.19). What's next? According to the FXstreet.com Forecast poll, the EUR/USD is negative, but not that much. Despite latest developments in Europe, our pool shows that a large majority expects the pair to remain above 1.25 and resume the upside later this quarter. The poll expects the EUR/USD finishing the next week at 1.2815 and the month at the same region at 1.2849. The picture is different in the 3-month target with the 1.3128 as target. But Societe Generale states that the EUR/USD remains bullish above 1.2660/20. “Our technical analyst sees that only a weekly close for EUR/USD below 1.2660/20 would negate the bullish pattern arising from the June 2012 to January 2013 rally. Our quant USD positioning indicator remains firmly in long-USD mode”, explained the research team at Societe Generale. BTMU agrees with that as they thinks that the EUR/USD looks bullish ahead. Bank of Tokyo Mitsubishi UFJ analysts are bullish on EUR/USD for the week ahead and see spot moving between a range of 1.2650-1.3000. The bank believes that the fears over Cyprus will recede and the focus will shift to Italy. "“We may also get some movement toward the Italian president appointing an interim prime minister which would alleviate fears over political uncertainty in Italy." OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 30, 2013 OctaFX.Com News Updates
  9. Forex Flash: USD/CHF potential decline ahead – Societe Generale FXstreet.com (Barcelona) - The cross is now trading in a very narrow range between 0.9490 and 0.9500 on Friday, stabilizing after climbing as high as the boundaries of 0.9560 on Wednesday, following the positive momentum of the USD. The research team at Societe Generale commented, “ USD/CHF realized vol now very toppish and we expect it to diminish. The realized vols of EUR/USD and USD/CHF are now at similar levels, and this cannot last, as the positive correlation between EUR/USD and EUR/CHF will dampen USD/CHF moves. All in all, this should pressure the USD/CHF implied vol curve lower”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 29, 2013 OctaFX.Com News Updates
  10. Forex: EUR/USD finds support around 1.2810/15 FXstreet.com (Barcelona) - The single currency is giving away some pips at the moment, hovering over the area of 1.2810/15, as thin trade and lack of market-movers dominate the session so far. Against the backdrop of the recent events in Cyprus, Analysts at Brown Brothers Harriman commented, “The market is casting about looking for the "next Cyprus". The consensus appears to be settling on Slovenia, where a new government is wrestling with a weak and leveraged (not nearly as much as Cyprus) banking system. Bond yields have risen sharply in recent days and the 5-year CDS has risen from around 240 to almost 355 over the past two weeks”. The pair is now losing 0.02% at 1.2814 with the next support at 1.2804 (low Oct.2012) followed by 1.2751 (low Mar.27) and then 1.2730 (low Nov.19). On the flip side, a breakout of 1.2884 (MA200d) ahead of 1.3050 (high Mar.25) and then 1.3163 (high Feb.28). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 29, 2013 OctaFX.Com News Updates
  11. 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 from Greece has piled up with Equity/Balance $29 620.30. 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!
  12. 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 from Greece has piled up with Equity/Balance $29 620.30. 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!
  13. Forex Flash: USD/JPY looks neutral ahead - BTMU FXstreet.com (Barcelona) - Bank of Tokyo Mitsubishi UFJ analysts are neutral on USD/JPY for the week ahead and see spot moving between a range of 93.00-96.00. The begin by noting the recent Cyprus issue supported Yen buying, However, fundamental yen selling pressure was also firm. They note that the upcoming BoJ monetary policy meeting may be of no surprise, but there is one more scheduled monetary policy meeting on April 26th and market expectations for further monetary accommodation will underpin the yen selling momentum. Next week, the lower ceiling of USD/JPY may be at the 93.00-level. Additionally, they note that the NFP figure may also support USD buying next week, and move USD/JPY to the 95.00s. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 28, 2013 OctaFX.Com News Updates
  14. Commodities Brief – Precious metals falter, crude surges forward toward 97.00 FXstreet.com (Barcelona) - Gold prices managed to fall below the 1600 barrier/support Thursday, as Cypriot banks reopen and renewed confidence permeates the land. With upbeat GDP data coming out of the US earlier, the mood was all the more palpable of a steadfast recovery – the USD index also crept higher. Having rescinded its hold on the aforementioned level, the price is trading at USD $1597.12 per oz. in these moments during US trading. A retest of the 1600 mark will ultimately steady the nerves of gold bears and preserve an upside trend that was holding on a weekly basis. Silver edge lower The white metal continued its decent today after managing to pare its losses yesterday in an ugly session for metals. Thursday has thus far proved to be a risk-on trading day, perhaps with investors already looking ahead to Good Friday. Having bottomed out at the 28.46 region earlier (intraday lows), silver is presently trading at USD $28.50 per oz. With the MACD holding negative, it looks to be more of the same during American trading today. Crude rallies towards 97.00 Whereas precious metals have faltered, crude oil has staged a nice rally, breaking above the 96.00 barrier overnight and even making a run towards 97.00. Bolstered by positive news out of the US regarding GDP growth in Q4, WTI Crude prices are negotiating a price of USD $96.74/bbl in these moments. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 28, 2013 OctaFX.Com News Updates
  15. OctaFX.Com - Swap Free Trading Due to growing demand OctaFX introduced swap-free accounts. Whether your beliefs or trading strategy requires swap-free trading, you can always open a swap-free account at OctaFX. You can always apply for swap-free account at registration, no matter whether you choose Micro or ECN account. No overnight charges will be applied to your account. OctaFX respects various trading strategies and does its best to meet every possible client's requirements and expectations. To apply for a swap-free account please check the box "swap-free" when opening your account. Your account will be automatically assigned a swap-free status. Join OctaFX today and start your trading! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  16. 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. That’s 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!
  17. United Kingdom: Total Business Investment (YoY) (4Q): 0.8% vs 5.1% (3Q) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27, 2013 OctaFX.Com News Updates
  18. Forex: AUD/USD extends its decline from 1.0490 FXstreet.com (Barcelona) - The positive momentum in the Aussie dollar faltered in the boundaries of 1.0490, sparking then a correction lower to the current levels around 1.0465/70 After today’s Financial Stability Report by the RBA, Senior Economist at NAB S.Papadopoulos commented that the domestic banking sector remains in a strong position, with the housing sector following suit, “with savings still high and little appetite for debt”. “So the currently low cash rate will not be lowered further to appease households, rather the target is businesses. If investment growth in non-mining sectors remains soft, or labour hiring slows (or job shedding increases) then that may lead to further rate cuts”, assessed the expert. At the moment, the cross is down 0.15% at 1.0466 Next support levels align at 1.0408 (MA100d) ahead of 1.0405 (MA10d) and finally 1.0363 (low Mar.21). On the flip side, a breakout of 1.0555 (high Jan.24) would open the door to 1.0560 (hourly high/low Jan.23) and then 1.0578 (high Jan.22). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 27, 2013 OctaFX.Com News Updates
  19. European Parliament considers bailing-in large depositors FXstreet.com (Barcelona) - The euro dropped in the European afternoon on information from Reuters that the European Parliament would be inclined to bail-in big savers, who hold deposits of over 100,000 euros at distressed banks. MEP Gunnar Hokmark, who is taking part in creating a new law aimed at dealing with such banks told Reuters that: "Deposits below 100,000 euros are protected ... deposits above 100,000 euros are not protected and shall be treated as part of the capital that can be bailed in." Eurogroup chief Jeroen Dijsselbloem’s comments on Monday, suggesting that the bailout deal struck between Cyprus and the Troika might be a model for rescue programs for other EU countries in the future, caused the European stock markets to drop sharply in late trading. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26, 2013 OctaFX.Com News Updates
  20. US: S&P/Case-Shiller index rose 8.1% YoY in January FXstreet.com (Barcelona) - The S&P/Case-Shiller 20-city composite index of house prices posted an annual expansion of 8.1% in the month of January, exceeding expectations at 7.8% and December’s increase of 6.8%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26, 2013 OctaFX.Com News Updates
  21. 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!
  22. Forex: EUR/USD eases to 1.2840/45 FXstreet.com (Barcelona) - The bloc currency is now giving away initial gains in the area of 1.2840, printing fresh session lows at the same time, after the French Consumer Confidence slipped to 84 for the month of March, missing estimates at 85 “The government’s decision to impose capital controls in an attempt to stem capital flight from Cyprus when the banks re-open on Thursday is also undermining investor confidence in the euro, although they are planned to be “very temporary” and “will gradually be relaxed”, comments Lee Hardman, Currency Analyst at BTMU. As of writing, the cross is flat at 1.2849 facing the next resistance at 1.2950 (MA10d) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15). On the other hand, a breakdown of 1.2832 (low Mar.25) would aim for 1.2730 (low Nov.19) and finally 1.2700 (161.8% of Feb1 2011). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26, 2013 OctaFX.Com News Updates
  23. Forex: AUD/USD upside capped at 1.0480 FXstreet.com (Barcelona) - The Aussie dollar is extending its momentum on Tuesday, orbiting around 1.0470 after another failed attempt to break above 1.0480, which acted as a tough barrier for AUD bulls on Monday as well. “Markets are pricing -18bp from the RBA cash rate by Dec, having toyed with levels around -16bp Monday as risk appetite peaked”, signals Sean Callow, Strategist at Westpac. At the moment, the pair is up 0.16% at 1.0473 Next resistance levels line up at 1.0555 (high Jan.24) ahead of 1.0560 (hourly high/lows Jan.23) and finally 1.0578 (high Jan.22). On the downside, a breach of 1.0408 (MA100d) would bring 1.0389 (MA10d) and then 1.0363 (low Mar.21). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 26, 2013 OctaFX.Com News Updates
  24. Forex Flash: GBP: Policymakers deploy parachute - HSBC FXstreet.com (Barcelona) - HSBC strategists believe that GBP weakness is likely to persist, but policymakers are already working to ensure that the fall lower in GBP does not turn into a nasty dive. They feel that rhetoric from the BoE regarding currency weakness has recently shifted and the policy parachute has been deployed to slow GBP´s descent. They add that the earlier emphasis on the potential boost to net exports is increasingly overshadowed by warnings against excessive GBP weakness. They write, “The adverse repercussions for real spending power likely lie at the heart of such disquiet. So a slow move lower in GBP related to UK economic weakness is acceptable to policymakers.” However, a swift decline driven by expectations of excessively loose policy or lack of commitment to the inflation target would be unacceptable. Overall, they feel that it is to protect against the second point that the policy parachute has been deployed. They finish by commenting that we are now in the environment where GBO will drift lower and weakness from here will be a lot more muted than seen so far this year. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Mar 25, 2013 OctaFX.Com News Updates
  25. OctaFX.com- Visa/Mastercard deposits introduced at OctaFX! Dear clients! In an effort to make your trading as easy and convenient as possible OctaFX introduces the most popular account deposit/withdrawal option, that is, deposit via Visa/Mastercard. The whole deposit process takes seconds now! OctaFX is proud to announce another convenient deposit option for our clients! Start your successful trading with OctaFX today 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!
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