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
25 Feb 2013

Forex: EUR/GBP reaches 16-month high

The euro took advantage of the broad weakness seen in pound on the back of the UK downgrade by Moody's with EUR/GBP climbing toward its strongest level in 16 months.

EUR/GBP briefly rose above the 0.8800 level and hit a high of 0.8812, last seen Oct 28, 2011. However, the cross lost momentum and pulled back to currently trade around 0.8775, where it trades 1.5% above its Friday's close and having left an upward opening gap.

According to Fan Yang, analyst at FXTimes, the EUR/GBP has been bullish since July 2012. "There is an Oct. 2011 resistance pivot at 0.8831. Above that, we have the 0.90 handle, and the 0.9082 2011-high to anticipate resistance", the analyst said.
Feb 25, 2013

Forex Flash: Race for the Italian Senate quite interesting – TD Securities

For the Senate, initial polls suggest 36% for Centre-left (Bersani), 30% for Centre-right (Berlusconi), 9% for Civic Choice (Monti) and 20% for Five Star (Grillo). "This leaves the race more interesting in the Senate, and still provides some risks, where the regional results are more important and we still don’t have enough details to make a conclusion", wrote TD Securities analysts, adding that "the early instant polls suggest Monti’s coalition could add another 21 seats if needed for a coalition government, so a market-friendly outcome would still be possible". Monti's results came in very disappointing, much below 15% expectations, while Grillo's 20% came in even higher than the 15% forecast. "Most votes require only a simple majority and Constitutional votes do require a super-majority, but one that is overcome if PD and PdL were to agree on any needed changes", they concluded.
Read more Previous
Feb 25, 2013

Forex Flash: Reflationary policy to push GDP higher in the Eurozone – Merrill Lynch

Merrill Lynch analysts expect reflationary policy to succeed in pushing GDP growth into positive territory, albeit at low levels, with a return to positive GDP growth QoQ by 3Q13. “But for reflation to translate to sustained growth, closer to trend levels, structural policies (bank restructuring, regulatory reforms and completion of the union) need to be implemented: „ Reflationary policy in Europe was more modest than in the US but has proved successful in arresting the economic decline”, they wrote, expecting positive growth in 2013 H2 and at 1% in 2014, as well as positive inflation in the Euro area albeit below the ECB’s 2% target.
Read more Next