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

GBP/USD falls below 1.55 ahead of US CPI data

FXStreet (Mumbai) - The GBP/USD fell below 1.55 levels as the bond yield spread continues to remain in favor of the US dollar ahead of the US CPI, weekly jobless claims and Durable goods orders data.

GBP/USD: yield spread favors USD

The 10-year Gilt yield in the UK fell 3.9 basis points to 1.681%, while the 10-year treasury yield in the US declined 2.5 basis points to 1.945%. The relative weakness in the Gilt yields led to a fall in the GBP/USD pair from a high of 1.5550 to the current level of 1.5495.

The yield spread could widen or contract further depending on the US CPI print. The prices are seen falling 0.1% in January, compared to a 0.8% rise in December. Meanwhile, the Initial jobless claims are seen at 290K for the week ended Feb. 21, while the durable goods orders are in January are seen rising 1.6%.

GBP/USD Technical Levels

The immediate support is seen at 1.5478, under which losses could be extended to 1.5450. On the flip side, a break above 1.5550 could see the pair rise to 1.5580 levels.

JPY to depreciate even if BoJ keeps policy steady – BTMU

Takahiro Sekido, Strategist at Bank of Tokyo-Mitsubishi UFJ, expects BoJ to maintain its monetary policy steady at least until autumn 2015, and further forecasts USD/JPY to reach 123 by end-2015.
Read more Previous

USD/JPY rebounds toward 119.00

A stronger US dollar across the board pushed the USD/JPY pair toward 119.00. Earlier it bottomed at 118.66 and then remained near the lows for several hours.
Read more Next