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.
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.
Octa trading broker
Open trading account
Back

USD/CNH is likely to trade in a 7.1900/7.2300 range – UOB Group

Outlook is mixed; US Dollar (USD) is likely to trade in a 7.1900/7.2300 range against Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD can range-trade for a few days

24-HOUR VIEW: "USD fell to a low of 7.1846 on Monday and then rebounded. Yesterday, we pointed out that 'the rebound amid apparent positive divergence suggests there is room for USD to rise further to 7.2400.' USD subsequently rose but only reached 7.2351, retreating sharply from the high. The price action has resulted in a mixed outlook. Today, we expect USD to trade in a 7.1900/7.2300 range."

1-3 WEEKS VIEW: "We continue to hold the same view as yesterday (06 May, spot at 7.2150). As highlighted, 'although a further decline remains possible, the deeply oversold short-term conditions suggest that the USD may range-trade for a few days before resuming its decline.' The level to watch is at 7.1700. Overall, only a breach of 7.2600 (‘strong resistance’ level was at 7.2800 yesterday) would mean that USD is not declining further."

USD/JPY fails at key resistance – Société Générale

USD/JPY struggles to sustain upward momentum, with a failure at key resistance and risks building for a deeper pullback toward 140 and below, Société Générale's FX analysts note.
Read more Previous

USD/CAD trades higher around 1.3800, Fed policy in focus

The USD/CAD pair rises to near 1.3800 during European trading hours on Wednesday. The Loonie pair gains as the US Dollar (USD) edges up ahead of the Federal Reserve’s (Fed) interest rate decision at 18:00 GMT.
Read more Next