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
11 Dec 2015

Gold extends weakness below hourly 200-SMA

FXStreet (Mumbai) - Gold prices extend losses for the second straight session and head towards Friday’s low, failing to sustain at higher levels earlier this week.

Gold drops below 1070 barrier

Currently, gold trades -0.50% lower at 1066.40, languishing near fresh session lows struck at 1065.30 some minutes ago. Gold keeps pushing lower and trades with sizeable losses as the USD bulls remain in command with the focus now shifting towards an imminent Fed rate hike next week on Dec 16. The US dollar index gains 0.16% to 98.07 levels.

Next week’s Fed policy verdict is almost certain- the rate futures market is showing about an 85% probability the Fed will hike. However, main focus will be on fresh projections from policymakers, known as the dot plot.
Meanwhile, a batch of macro releases from the US due later today is eagerly awaited after a data-dry trading sessions so far this week.

-------
What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18th and get the recording too.
-------


Gold Technical Levels

The metal has an immediate resistance at 1069.09 (1h 200-DMA) and 1074.79 (1h 100-SMA). Meanwhile, the support stands at 1060 (round number), below which doors could open for 1058.70 (Dec 4 Low).
Dec 11, 2015

Nikkei sees relief rally, rest of Asia lower

Mixed sentiment is seen around the Asian equities, with the Japanese stocks staging a solid comeback after hitting monthly lows on Thursday. While rest of Asia trades in the red amid continuous decline in oil prices.
Read more Previous
Dec 11, 2015

Expect more BOJ easing in Jan, yen to depreciate further - Citi

Contrary to Goldman Sach’s view that the Bank of Japan (BOJ) may push back easing to April 2016, Citi Japan economists expect the central bank to add further monetary stimulus at the January meeting.
Read more Next