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[OctaFX_Hanna]

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EUR/USD back to positive ground, near 1.0930

FXStreet (Edinburgh) - The single currency has now recovered the smile, sending EUR/USD back to the 1.0930 area after testing lows near 1.0900.

EUR/USD firmer ahead of ADP

The current recovery of crude oil prices seem to be lending some support to the pair, which has managed to bounce off session lows in the boundaries of 1.0900 the figure.

Mixed results from January’s Services PMI in the euro area have passed largely unnoticed, while EMU’s Retail Sales have expanded 0.3% MoM during December, matching estimates.

Ahead in the session, market consensus expects the ADP report to come in just below the 200K threshold and the ISM Non-manufacturing a tad lower to 55.1 for the last month.

EUR/USD levels to watch

The pair is now advancing 0.10% at 1.0925 facing the next resistance at 1.0969 (high Jan.28) followed by 1.1000 (psychological level) and then 1.1053 (200-day sma). On the other hand, a break below 1.0777 (post-ECB low Jan.21) would open the door to 1.0737 (38.2% Fibo of 1.0538-1.1059) and finally 1.0709 (low Jan.5).

[OctaFX_Hanna]

 

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US Non-farm payrolls review: What to expect of EUR/USD?

 

FXStreet (Mumbai) - The EUR/USD caught a bid wave earlier this week, courtesy of which the pair is up more than 350 pips from the weekly low. The immediate focus now is on the all important US non-farm payrolls figure for January.

USD under pressure

After a long time the greenback is heading into the payrolls release on a weaker footing. The offered tone around USD gathered pace earlier this week after Fed’s Dudley expressed concern regarding the negative effect of the global downturn on US economy. Furthermore, markets do not see the Fed moving rates higher in 2016.

Overall, the picture is quite gloomy for the USD bulls. Hence, a weaker-than-expected figure could help the EUR extend bullish move. The momentum could receive an additional boost if the equity markets react negatively to the decreased of the Fed rate hike following a weaker-than-expected payrolls figure.

Meanwhile, a positive surprise could turn out to be a reason for profit taking on EUR longs ahead of the weekend. Apart from the headline number, the unemployment rate and average weekly earnings could play their part as well in determining the dollar movement. However, the main focus would undoubtedly be on the headline figure.

EUR/USD Technical Levels

The spot is sitting just below 1.12 levels. The immediate resistance is seen at 1.1236 (38.2% of Mar low-Aug high) ahead of the major hurdle at 1.1293 (23.6% of May 2014 high-Mar 2015 low). A break higher could be seen if the NFP is horribly weak and the equities react negatively. The spot could aim higher to 1.14 levels in such case. On the other hand, a break below 1.1132 (hourly 50-MA) could bring next support at 1.1055 (200-DMA) in play. A break lower would expose 100-DMA at 1.0966.

[OctaFX_Hanna]

 

Stay updated with

OctaFX and the most recent Forex news!

 

US Non-farm payrolls review: What to expect of EUR/USD?

 

FXStreet (Mumbai) - The EUR/USD caught a bid wave earlier this week, courtesy of which the pair is up more than 350 pips from the weekly low. The immediate focus now is on the all important US non-farm payrolls figure for January.

USD under pressure

After a long time the greenback is heading into the payrolls release on a weaker footing. The offered tone around USD gathered pace earlier this week after Fed’s Dudley expressed concern regarding the negative effect of the global downturn on US economy. Furthermore, markets do not see the Fed moving rates higher in 2016.

Overall, the picture is quite gloomy for the USD bulls. Hence, a weaker-than-expected figure could help the EUR extend bullish move. The momentum could receive an additional boost if the equity markets react negatively to the decreased of the Fed rate hike following a weaker-than-expected payrolls figure.

Meanwhile, a positive surprise could turn out to be a reason for profit taking on EUR longs ahead of the weekend. Apart from the headline number, the unemployment rate and average weekly earnings could play their part as well in determining the dollar movement. However, the main focus would undoubtedly be on the headline figure.

EUR/USD Technical Levels

The spot is sitting just below 1.12 levels. The immediate resistance is seen at 1.1236 (38.2% of Mar low-Aug high) ahead of the major hurdle at 1.1293 (23.6% of May 2014 high-Mar 2015 low). A break higher could be seen if the NFP is horribly weak and the equities react negatively. The spot could aim higher to 1.14 levels in such case. On the other hand, a break below 1.1132 (hourly 50-MA) could bring next support at 1.1055 (200-DMA) in play. A break lower would expose 100-DMA at 1.0966.

[OctaFX_Hanna]

US President’s Day Trading Schedule

OctaFX would like to inform you of the changes in the trading hours of XAU/USD and XAG/USD on US President’s day February 15. Trading on XAU/USD and XAG/USD closes Monday, February 15, 2016 at 20:00 (EET) and re-opens Tuesday, February 16 2016 at 01:00 (EET).

Here is the timetable for your convenience:

XAU/USD, XAG/USD:
Monday, February 15, 2016 - Close 20:00;
Tuesday, February 16, 2016 - Open 1:00.

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected]

Thank you for choosing OctaFX as your top-notch Forex Broker.

[OctaFX_Hanna]

US President’s Day Trading Schedule

OctaFX would like to inform you of the changes in the trading hours of XAU/USD and XAG/USD on US President’s day February 15. Trading on XAU/USD and XAG/USD closes Monday, February 15, 2016 at 20:00 (EET) and re-opens Tuesday, February 16 2016 at 01:00 (EET).

Here is the timetable for your convenience:

XAU/USD, XAG/USD:
Monday, February 15, 2016 - Close 20:00;
Tuesday, February 16, 2016 - Open 1:00.

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected]

Thank you for choosing OctaFX as your top-notch Forex Broker.

[OctaFX_Hanna]

Round 47 of OctaFX Champion demo contest: sharing success

The results of Round 47 of OctaFX Champion demo contest are here, so let’s meet and congratulate our recent winners who shared the prize fund of $1000:

• 1st place with the award of 500 USD goes to Mr. Aderio Budaya from Indonesia
• 2nd place with the award of 300 USD goes to Mr. Irwan Hadi Widiastono from Indonesia
• 3rd place with the award of 100 USD goes to Mr. Lukman Penataran Pardede from Indonesia
• The last runner in the contest, Mr. Dedi Dadia Aswata from Indonesia is granted 100 USD

The winners were glad to share their experience and success stories:

1st place - Mr. Aderio Budaya from Indonesia
I would like to thank OctaFX who has organized this contest so I could hone my trading for the better. With this contest, I could compare my trading skills to the other contestants’. I felt very happy when I learned that I’m the first winner. I saw that many of the contestants were better, but I tried to continue without despairing and did my best. I spent quite a lot of time on this contest: this involvement showed me the level of my own seriousness. However, I was able to do my regular activities as usual, so it didn’t interfere with the other routines. I have become more enthusiastic now and I want to try to participate in other contests and hope to be the best again. As for my key to success, it’s patience and not being greedy. Patience in waiting for the best moment in the opening trade and patience in collecting and waiting for any big Take Profit. My strategy is also to develop a plan using several indicators and technical analysis tools. Using these tips, I experienced a spectacular gain when I got 600 pips in one trade. As for the time frames, it took me a year to learn everything that I know about trading now. I’m sure that a year is quite enough to become a good trader.

2nd place - Mr. Irwan Hadi Widiastono from Indonesia
I’m very happy and grateful to become a runner up in the contest. I think the key to success is to stay calm, stable, focus on every situation and condition at hand. That’s what I did. In addition, my favourite strategy is to read the news and to see the limitations of economic support and resistance. In my opinion, it doesn’t take too long to be a good trader, the most significant thing is mental management. Trading is not gambling, and it’s also very important to keep in mind. Now to the contest… I have to say that I didn’t spend all my time participating in this round; I rather enjoyed it and traded with ease. I will surely participate in the future rounds of OctaFX contests and other promotions it offers.

3rd place - Mr. Lukman Penataran Pardede from Indonesia
I’m happy to be one of the winners in this competition, because until Friday afternoon, I occupied the eighth position. When I opened the final ranking, wow: I was the third! It was also a surprise for me because I open and close positions whenever I have some free time. I don’t spend hours and hours calculating the best chance, I just trade when I can. I don’t use any strategy, I just wait for the right moment to enter the market and after that I wait once again. The key factor in Forex trading in my opinion is to be patient and not to be too eager to get a big profit. I will definitely participate in other contests that are organized by OctaFX! It was a great pleasure for me to take part in this round of the Champion demo contest, so why not?

The last runner - Mr. Dedi Dadia Aswata from Indonesia
Although I didn’t take one of the first places, I’m still very excited to get a prize. I learned a lot of lessons while participating in this contest: I realized that I lack precision, and the lot size I use is too large. I can say that Champion demo contest helped me change my viewpoint. The tools that I usually use are LWMA 8, 16, 32, 96, 120 and 480 for 15 minutes time frame, and Bollinger Bands; my new goal is to conduct a thorough market analysis. In my opinion, it takes at least 3 years to become a good trader, so I have some time left until I become the best of the best.

Now, it’s time for you to register in the upcoming round and to take your chance with OctaFX Champion demo contest!

[OctaFX_Hanna]

Round 47 of OctaFX Champion demo contest: sharing success

The results of Round 47 of OctaFX Champion demo contest are here, so let’s meet and congratulate our recent winners who shared the prize fund of $1000:

• 1st place with the award of 500 USD goes to Mr. Aderio Budaya from Indonesia
• 2nd place with the award of 300 USD goes to Mr. Irwan Hadi Widiastono from Indonesia
• 3rd place with the award of 100 USD goes to Mr. Lukman Penataran Pardede from Indonesia
• The last runner in the contest, Mr. Dedi Dadia Aswata from Indonesia is granted 100 USD

The winners were glad to share their experience and success stories:

1st place - Mr. Aderio Budaya from Indonesia
I would like to thank OctaFX who has organized this contest so I could hone my trading for the better. With this contest, I could compare my trading skills to the other contestants’. I felt very happy when I learned that I’m the first winner. I saw that many of the contestants were better, but I tried to continue without despairing and did my best. I spent quite a lot of time on this contest: this involvement showed me the level of my own seriousness. However, I was able to do my regular activities as usual, so it didn’t interfere with the other routines. I have become more enthusiastic now and I want to try to participate in other contests and hope to be the best again. As for my key to success, it’s patience and not being greedy. Patience in waiting for the best moment in the opening trade and patience in collecting and waiting for any big Take Profit. My strategy is also to develop a plan using several indicators and technical analysis tools. Using these tips, I experienced a spectacular gain when I got 600 pips in one trade. As for the time frames, it took me a year to learn everything that I know about trading now. I’m sure that a year is quite enough to become a good trader.

2nd place - Mr. Irwan Hadi Widiastono from Indonesia
I’m very happy and grateful to become a runner up in the contest. I think the key to success is to stay calm, stable, focus on every situation and condition at hand. That’s what I did. In addition, my favourite strategy is to read the news and to see the limitations of economic support and resistance. In my opinion, it doesn’t take too long to be a good trader, the most significant thing is mental management. Trading is not gambling, and it’s also very important to keep in mind. Now to the contest… I have to say that I didn’t spend all my time participating in this round; I rather enjoyed it and traded with ease. I will surely participate in the future rounds of OctaFX contests and other promotions it offers.

3rd place - Mr. Lukman Penataran Pardede from Indonesia
I’m happy to be one of the winners in this competition, because until Friday afternoon, I occupied the eighth position. When I opened the final ranking, wow: I was the third! It was also a surprise for me because I open and close positions whenever I have some free time. I don’t spend hours and hours calculating the best chance, I just trade when I can. I don’t use any strategy, I just wait for the right moment to enter the market and after that I wait once again. The key factor in Forex trading in my opinion is to be patient and not to be too eager to get a big profit. I will definitely participate in other contests that are organized by OctaFX! It was a great pleasure for me to take part in this round of the Champion demo contest, so why not?

The last runner - Mr. Dedi Dadia Aswata from Indonesia
Although I didn’t take one of the first places, I’m still very excited to get a prize. I learned a lot of lessons while participating in this contest: I realized that I lack precision, and the lot size I use is too large. I can say that Champion demo contest helped me change my viewpoint. The tools that I usually use are LWMA 8, 16, 32, 96, 120 and 480 for 15 minutes time frame, and Bollinger Bands; my new goal is to conduct a thorough market analysis. In my opinion, it takes at least 3 years to become a good trader, so I have some time left until I become the best of the best.

Now, it’s time for you to register in the upcoming round and to take your chance with OctaFX Champion demo contest!

[Gloria]

Hello!

Do you offer any IB programs? How many does your company pay per trading lot?

[OctaFX_Hanna]

OctaFX is the Best Forex Broker in Europe

 

OctaFX is proud to announce that Forex-Awards.com awarded us the “Best Forex Broker in Europe 2015” title. Since the beginning of 2015, more and more European traders have been opening their accounts with OctaFX, and this award adds to our growing European presence. Offering the most convenient trading conditions for our clients from Europe, just a few weeks ago we launched the German version of our website in addition to Spanish and Portuguese. European traders benefit from our low spreads and one of the best trading conditions in the industry.

Forex-Awards.com, a Forex-Ratings.com branch, provides recognition of FX brokerage companies by thousands of customers. Forex-Ratings.com reviews and rates Forex brokers since 2010. This is an actively growing web service that provides advice and trading insights for the traders from across the globe. The voting system allows traders to choose the brokers that meet their requirements, so the awards are given according to the the most unbiased public opinion.

We are happy that our efforts are appreciated by such a popular Forex broker database, but we wouldn’t receive this award if it wasn't for support of our customers. We sincerely thank you for your appreciation and your votes.

Providing you the most convenient trading experience possible and staying on the forefront of the industry is what we aim for in the year 2016!

Trade with OctaFX: your award-winning broker.

[OctaFX_Hanna]

OctaFX is the Best Forex Broker in Europe

 

OctaFX is proud to announce that Forex-Awards.com awarded us the “Best Forex Broker in Europe 2015” title. Since the beginning of 2015, more and more European traders have been opening their accounts with OctaFX, and this award adds to our growing European presence. Offering the most convenient trading conditions for our clients from Europe, just a few weeks ago we launched the German version of our website in addition to Spanish and Portuguese. European traders benefit from our low spreads and one of the best trading conditions in the industry.

Forex-Awards.com, a Forex-Ratings.com branch, provides recognition of FX brokerage companies by thousands of customers. Forex-Ratings.com reviews and rates Forex brokers since 2010. This is an actively growing web service that provides advice and trading insights for the traders from across the globe. The voting system allows traders to choose the brokers that meet their requirements, so the awards are given according to the the most unbiased public opinion.

We are happy that our efforts are appreciated by such a popular Forex broker database, but we wouldn’t receive this award if it wasn't for support of our customers. We sincerely thank you for your appreciation and your votes.

Providing you the most convenient trading experience possible and staying on the forefront of the industry is what we aim for in the year 2016!

Trade with OctaFX: your award-winning broker.

[OctaFX_Hanna]

OctaFX: the Best Islamic Account Forex broker

Every day, we are providing the best trading opportunities meeting the most sophisticated requirements of our clients. That’s why we are proud to receive your positive feedback and to be appreciated by the leading Forex magazines and web resources: today we are glad to announce that prestigious web portal ForexTraders.com highly evaluated our efforts and gave us the Best Islamic Account Forex Broker 2015 award.

We are incredibly happy to be distinguished by ForexTraders.com that is visited by millions of traders from around the world who are looking for the expert reviews and opinions.

We believe that our Islamic accounts do bring convenience and new trading opportunities for our Muslim clients. Open an Islamic account to benefit from the following advantages:

• 100% Shariah compliant;
• Available for all account types;
• Easy one-click registration;
• No documents or other identity proofs required.

OctaFX Islamic accounts are a unique offer designed specifically for the Muslim traders. We care about our customers and we do our best to make their trading experience easy and convenient. We gently handle all possible nuances and you are ready to trade without any further restrictions.

Open an award-winning Islamic account with OctaFX today!

[OctaFX_Hanna]

OctaFX: the Best Islamic Account Forex broker

Every day, we are providing the best trading opportunities meeting the most sophisticated requirements of our clients. That’s why we are proud to receive your positive feedback and to be appreciated by the leading Forex magazines and web resources: today we are glad to announce that prestigious web portal ForexTraders.com highly evaluated our efforts and gave us the Best Islamic Account Forex Broker 2015 award.

We are incredibly happy to be distinguished by ForexTraders.com that is visited by millions of traders from around the world who are looking for the expert reviews and opinions.

We believe that our Islamic accounts do bring convenience and new trading opportunities for our Muslim clients. Open an Islamic account to benefit from the following advantages:

• 100% Shariah compliant;
• Available for all account types;
• Easy one-click registration;
• No documents or other identity proofs required.

OctaFX Islamic accounts are a unique offer designed specifically for the Muslim traders. We care about our customers and we do our best to make their trading experience easy and convenient. We gently handle all possible nuances and you are ready to trade without any further restrictions.

Open an award-winning Islamic account with OctaFX today!

[OctaFX_Hanna]

Traders voted OctaFX as Best International broker 2015 in FX Empire awards!

Year 2016 is in full effect now, however Forex experts are still evaluating how we did last year. Today, we are proud to announce that one of the major websites in the industry favoured its recognition of OctaFX: we are proclaimed Best International Broker 2015 by FX Empire! OctaFX was voted Best in the category by the majority of traders around the world, and we are excited to be rated so high on the international scene.

FX Empire Awards is a yearly competition where traders vote for their favourite brokers. In 2015, more than 10,000 traders marked off the best brokers in 10 categories.

We were nominated as Best International Broker 2015 alongside with Exness, Plus500, FxPro, and this category nominees were voted for by traders who use the industry services every day. We are proud to admit OctaFX won with 46% of votes!

Best International Broker award praises localization of trading services as well as general offering, service and global appeal.

FX Empire awards are taken seriously by industry players, and especially by the traders themselves, who perceive the awards as a real endorsement of the trust and quality they can expect from the brokers. With the help of FX Empire, new traders can easily find the ideal brokerage service provider that will suit all their needs. Read full OctaFX review at www.FXEmpire.com by following this link. If you are already happy with your trading experience with OctaFX, feel free to leave your review on our services.

Open an account with OctaFX: your Best International Broker 2015!

[OctaFX_Hanna]

Traders voted OctaFX as Best International broker 2015 in FX Empire awards!

Year 2016 is in full effect now, however Forex experts are still evaluating how we did last year. Today, we are proud to announce that one of the major websites in the industry favoured its recognition of OctaFX: we are proclaimed Best International Broker 2015 by FX Empire! OctaFX was voted Best in the category by the majority of traders around the world, and we are excited to be rated so high on the international scene.

FX Empire Awards is a yearly competition where traders vote for their favourite brokers. In 2015, more than 10,000 traders marked off the best brokers in 10 categories.

We were nominated as Best International Broker 2015 alongside with Exness, Plus500, FxPro, and this category nominees were voted for by traders who use the industry services every day. We are proud to admit OctaFX won with 46% of votes!

Best International Broker award praises localization of trading services as well as general offering, service and global appeal.

FX Empire awards are taken seriously by industry players, and especially by the traders themselves, who perceive the awards as a real endorsement of the trust and quality they can expect from the brokers. With the help of FX Empire, new traders can easily find the ideal brokerage service provider that will suit all their needs. Read full OctaFX review at www.FXEmpire.com by following this link. If you are already happy with your trading experience with OctaFX, feel free to leave your review on our services.

Open an account with OctaFX: your Best International Broker 2015!

[OctaFX_Hanna]

$400 prize for the winners of cTrader Weekly demo contest Round 36

 

The results of the latest Round 36 of cTrader Weekly demo contest have arrived, and it means that we are here to congratulate five winners! This week, the best of the best divided the prize fund of $400:

• 1st place with the award of $150 goes to Mr. Haouari Habbaz from Algeria.
• 2nd place with the award of $100 goes to Mr. Ahmad Syarif from Indonesia.
• 3rd place with the award of $75 goes to Mr. Ading from Indonesia.
• 4th place with the award of $50 goes to Mr. Fahd Alsharabi from Yemen.
• 5th place with the award of $25 goes to Mr. Hendri Dwibowo from Indonesia.

If you are still wondering if cTrader Weekly demo contest is a good fit for you, here are a few advantages for you to consider:

• Free of charge. No registration fee or other expenses. Get a demo account and trade - for free.
• A chance to win real prizes. The prize fund comprises $400 and is divided between five winners.
• Fast. The duration of cTrader Weekly demo contest is 1 week, so it won’t take you long to get your prize.
• Learn and improve. cTrader Weekly is a demo contest which makes it an ideal place to test your skills and develop your abilities with no risk.

Ready to challenge yourself and take your trading to the next level? Register to take part in the next round of cTrader Weekly demo contest!

cTrader Weekly - new level of demo trading!

[OctaFX_Hanna]

$400 prize for the winners of cTrader Weekly demo contest Round 36

 

The results of the latest Round 36 of cTrader Weekly demo contest have arrived, and it means that we are here to congratulate five winners! This week, the best of the best divided the prize fund of $400:

• 1st place with the award of $150 goes to Mr. Haouari Habbaz from Algeria.
• 2nd place with the award of $100 goes to Mr. Ahmad Syarif from Indonesia.
• 3rd place with the award of $75 goes to Mr. Ading from Indonesia.
• 4th place with the award of $50 goes to Mr. Fahd Alsharabi from Yemen.
• 5th place with the award of $25 goes to Mr. Hendri Dwibowo from Indonesia.

If you are still wondering if cTrader Weekly demo contest is a good fit for you, here are a few advantages for you to consider:

• Free of charge. No registration fee or other expenses. Get a demo account and trade - for free.
• A chance to win real prizes. The prize fund comprises $400 and is divided between five winners.
• Fast. The duration of cTrader Weekly demo contest is 1 week, so it won’t take you long to get your prize.
• Learn and improve. cTrader Weekly is a demo contest which makes it an ideal place to test your skills and develop your abilities with no risk.

Ready to challenge yourself and take your trading to the next level? Register to take part in the next round of cTrader Weekly demo contest!

cTrader Weekly - new level of demo trading!

[OctaFX_Hanna]

 

Round 37 of cTrader Weekly demo contest: winners revealed

 

 

A new week means a new round of OctaFX cTrader Weekly demo contest that brings five more winners! This time, the prize fund of $400 is divided between the traders from all over the world. Here are the winners of Round 37 of cTrader Weekly demo contest:

• 1st placewith the award of $150 goes to Mr. Mohamed Elhadi Sifi from Algeria.
• 2nd place with the award of $100 goes to Mr. Kirit Rupala from India.
• 3rd place with the award of $75 goes to Mr. Ha Thi Minh Tien from Vietnam.
• 4th place with the award of $50 goes to Mr. Atmo Diharjo from Indonesia.
• 5th place with the award of $25 goes to Mr. Sifa Mwenda from Kenya.

OctaFX cTrader Weekly demo contest is an exciting possibility for all traders who are ready to challenge their abilities and fight to win valuable prizes. The benefits of cTrader Weekly demo contest are:

• No risk. Open a demo account and don’t risk your own funds.
• Real rewards.The first winner of the round gets as much as $150!
• Trade and learn. OctaFX cTrader Weekly demo contest is a great chance to test and improve your trading skills.

Register in the upcoming round of OctaFX cTrader Weekly demo contest to see what you are made of and be ready for success!

OctaFX cTrader Weekly demo contest: trade and win!

[OctaFX_Hanna]

 

Round 37 of cTrader Weekly demo contest: winners revealed

 

 

A new week means a new round of OctaFX cTrader Weekly demo contest that brings five more winners! This time, the prize fund of $400 is divided between the traders from all over the world. Here are the winners of Round 37 of cTrader Weekly demo contest:

• 1st placewith the award of $150 goes to Mr. Mohamed Elhadi Sifi from Algeria.
• 2nd place with the award of $100 goes to Mr. Kirit Rupala from India.
• 3rd place with the award of $75 goes to Mr. Ha Thi Minh Tien from Vietnam.
• 4th place with the award of $50 goes to Mr. Atmo Diharjo from Indonesia.
• 5th place with the award of $25 goes to Mr. Sifa Mwenda from Kenya.

OctaFX cTrader Weekly demo contest is an exciting possibility for all traders who are ready to challenge their abilities and fight to win valuable prizes. The benefits of cTrader Weekly demo contest are:

• No risk. Open a demo account and don’t risk your own funds.
• Real rewards.The first winner of the round gets as much as $150!
• Trade and learn. OctaFX cTrader Weekly demo contest is a great chance to test and improve your trading skills.

Register in the upcoming round of OctaFX cTrader Weekly demo contest to see what you are made of and be ready for success!

OctaFX cTrader Weekly demo contest: trade and win!

[OctaFX_Hanna]

Stay updated with OctaFX and the most recent Forex news!

 

EUR/USD caught between rising stocks and rise in German yields

The EUR/USD pair is trading largely sideways on the day as traders are caught between rising equity markets and rising German bond yields despite speculation of aggressive ECB easing.

German yields rise

The 2-year yield hit a record low of -0.575% yesterday but trades on a positive note today. The 10-yr yield is up more than 2 basis points as well. This is despite increasing calls for a more aggressive ECB action next week. The rise in yields is capping losses in the common currency.

Meanwhile, gains are being capped by a 1.10% gain in the pan-European Euro Stoxx 50 index. The spot remains at the mercy of bond yields ahead of the ECB meeting. As for today, the focus is on the PMI release across Eurozone and in the US.

EUR/USD Technical Levels

The spot currently trades around 1.0875. The immediate resistance is seen at 1.0914 (hourly 50-MA), above which the pair could rise to 1.0968 (hourly 100-MA). On the other hand, a breakdown of immediate support at 1.0858 (daily low) could see prices drift lower to 1.08 handle.

[OctaFX_Hanna]

Stay updated with

OctaFX and the most recent Forex news!

 

 

EUR/USD caught between rising stocks and rise in German yields

 

The EUR/USD pair is trading largely sideways on the day as traders are caught between rising equity markets and rising German bond yields despite speculation of aggressive ECB easing.

German yields rise

The 2-year yield hit a record low of -0.575% yesterday but trades on a positive note today. The 10-yr yield is up more than 2 basis points as well. This is despite increasing calls for a more aggressive ECB action next week. The rise in yields is capping losses in the common currency.

Meanwhile, gains are being capped by a 1.10% gain in the pan-European Euro Stoxx 50 index. The spot remains at the mercy of bond yields ahead of the ECB meeting. As for today, the focus is on the PMI release across Eurozone and in the US.

EUR/USD Technical Levels

The spot currently trades around 1.0875. The immediate resistance is seen at 1.0914 (hourly 50-MA), above which the pair could rise to 1.0968 (hourly 100-MA). On the other hand, a breakdown of immediate support at 1.0858 (daily low) could see prices drift lower to 1.08 handle.