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
21 Jun 2023

USD/JPY: Diminishing bets for extra upside – UOB

UOB Group’s Markets Strategist Quek Ser Leang and Senior Economist Alvin Liew note that extra upside in USD/JPY now loses some momentum.

Key Quotes

24-hour view: Yesterday, we held the view that “there is room for USD to edge above 142.25 before the risk of a pullback increases.” We stated, “support is at 141.55, followed by 141.10.” USD then rose to 142.25 before falling sharply to a low of 141.20. The current price movements are likely part of a consolidation phase and today, we expect USD to trade between 141.10 and 142.20. 

Next 1-3 weeks: Two days ago (19 Jun, spot at 141.85), we noted that “momentum has increased considerably.” However, we highlighted that USD “has to break and stay above 142.25 before further sustained rise is likely.” Yesterday (20 Jun), USD rose to 142.25 and then pulled back sharply. The ‘failure’ to break clearly above the major resistance at 142.25 combined with the pullback has decreased the odds for further sustained rise in USD. However, only a breach of 140.40 (no change in ‘strong support’ level) indicates that USD is not advancing further.

Jun 21, 2023

Silver Price Analysis: XAG/USD struggles near monthly low, seems vulnerable to slide further

Silver enters a bearish consolidation phase on Wednesday and oscillates in a narrow trading band just above the $23.00 mark, or a fresh monthly low to
Read more Previous
Jun 21, 2023

Powell’s words can determine whether USD Index will end the quarter above or below the 102.00 mark – ING

Fed Chair Powell starts two days of Congress testimony today. A successful hawkish message could give the Dollar some support into the next key releas
Read more Next