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
16 Aug 2013

USD/JPY struggling to hold 97.00 correction support after sharp intraday pullback

FXstreet.com (Barcelona) - The USD/JPY cross rallied sharply into the releases of multiple data points in the US Thursday and sold off steadily once that data came out. Bulls hoping it is just a correction.

US data surprises on the downside

It had been a while since any “bad” data emanated from the US, but that changed in a hurry between the hours of12:30 GMT and 14:00 GMT. Traders first saw in-line CPI data and better-than-expected jobless claims data – which gave USD/JPY bulls hope. However, those hopes were quickly dashed when two manufacturing reports, Treasury International Capital flow and Industrial Production / Capacity Utilization data all came in on the bearish side of the ledger. The worst of the news could be found in the Philly Fed Manufacturing Survey which showed far lower numbers than expected.

The news flow sent the USD/JPY into a tailspin throughout the rest of the session Thursday. The cross peaked out at 98.64 at 12:30 GMT and is now trading just above key “correction support” at 97.06.

Technical outlook for USD/JPY

Technicians are mixed on the short-term outlook for the USD/JPY. Some are lined up with the logicians and calling for a resumption in the macro uptrend. Others are still calling for a move down to the 92.50 – 92.60 range before resuming the macro uptrend. Short-term resistance comes in at 98.75 (Fibonacci projection) and is followed by the 8/1 close at 99.54. Short-term support comes in at 97.06 and is followed up by 96.00 - both of which are horizontal lines of support.
Aug 16, 2013

AUD/CAD on corrective channel; is it Aussie’s awakening?

AUD/CAD rests stabilizing within 0.9400 zone after 0.12% daily losses on Thursday. Speculators project prices and movements unremittingly while factual data evidences shallow growth in Australia and a weaker-than-expected US economic recovery, affecting the Canadian dollar and commodities prices directly.
Read more Previous
Aug 16, 2013

USD/JPY heavy support building at 97.00 level

The USD/JPY foreign exchange rate has been getting under tremendous pressure again Friday morning during Asian trading, following what was a disastrous day for the USD Thursday.
Read more Next