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
5 May 2016

GBP/USD clings to gains near 1.4500

After bottoming out in the area of 1.4490, GBP/USD has now recovered some pips and trades above the 1.4500 mark ahead of UK data.

GBP/USD now looks to PMI

Spot has faded the initial spike to daily tops near 1.4530 although buyers seem to have turned up around 1.4490 ahead of the relevant Services PMI in the UK economy.

Consensus amongst traders sees the PMI easing a tad during April, adding to earlier prints from the manufacturing and construction sectors and showing a potential deceleration of the economy.

After posting fresh 4-month highs around 1.4770 on Tuesday, the pair has given away more than 2 cents in response to a pick up in the demand for the greenback.

Across the pond, the weekly report on the US labour market and the speech by St Louis Fed J.Bullard will also be in the limelight.

GBP/USD levels to consider

As of writing the pair is up 0.01% at 1.4497 and a break above 1.4770 (high May 3) would open the door to 1.4815 (2016 high Jan.4) and finally 1.4854 (200-day sma). On the flip side, the next support lines up at 1.4398 (20-day sma) ahead of 1.4298 (low Apr.21) and finally 1.4271 (55-day sma).
May 5, 2016

US: Mixed signals for Fed policy outlook - Rabobank

Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has remained on a firmer footing in the Asian trading session having rebounded more notably against commodity-related and emerging market currencies so far this week.
Read more Previous
May 5, 2016

China: Service sector weakens in April - Rabobank

Piotr Matys, EM FX Strategist at Rabobank, notes that the economic activity in China’s services sector weakened in April as the Caixin/Markit’s PMI fell to 51.8 from 52.2 in previous month.
Read more Next