Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
20 Oct 2022

USD/CNH: Rising bets for a move above 7.3000 – UOB

Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group still see the likeliness of USD/CNH breaking above the 7.3000 region in the next weeks.

Key Quotes

24-hour view: “While we expected USD to strengthen yesterday, we were of the view that ‘any advance is expected to face strong resistance at 7.2380’. However, USD not only blew past 7.2380 but also notched a fresh record high of 7.2743. While deeply overbought, the rally is not showing any signs of weakening just yet. That said, the next major resistance at 7.3000 is unlikely to come under challenge for now (there is another resistance at 7.2850). On the downside, support is at 7.2550 but only a break of 7.2400 would indicate that the current strong upward pressure has eased.”

Next 1-3 weeks: “We turned positive on USD late last week. After USD soared to 7.2380 and eased off, we indicated that USD has to break above this level before a sustained rise is likely. Yesterday (19 Oct, spot at 7.2230), we highlighted that the risk of USD breaking above 7.2380 is increasing. We added, ‘A break of this level would shift the focus to the Sep high near 7.2670’. While our view was not wrong, we did not expect the strong and swift surge as USD blew past both 7.2380 and 7.2670. Not surprisingly, upward momentum is strong and there is a good chance for USD to break 7.3000 next. The upside risk remains intact as long as USD does not break the ‘strong support at 7.2150 (level was at 7.1800 yesterday).”

Oct 20, 2022

European Monetary Union Current Account n.s.a came in at €-20.21B, below expectations (€-7.5B) in August

European Monetary Union Current Account n.s.a came in at €-20.21B, below expectations (€-7.5B) in August
Read more Previous
Oct 20, 2022

Germany’s Scholz: Europe can withstand Putin's energy blackmail

German Chancellor Olaf Scholz said in a statement on Thursday, “Europe can withstand Putin's energy blackmail.” Additional comments Supplier countries
Read more Next