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
Trading news
Back
5 May 2016

EUR/GBP holding above 0.7900 ahead of UK PMI

The EUR/GBP pair is trading with some minor weakness on Thursday but is still holding above 0.7900 handle ahead of UK services PMI.

On Wednesday, disappointing UK construction PMI, over and above Tuesday's weak manufacturing PMI, did provide a minor boost to the pair, towards 0.7940 level. The pair, however, failed to sustain its strength and dipped back to 0.7925-24 resistance level, marking 50% Fibonacci retracement level of 0.8117-0.7735 downfall.

The pair now awaits the release of UK services PMI data, which is likely to determine the next leg of movement.

Technical levels to watch

On the immediate downside, the pair should continue holding 0.7900 support, which if broken decisively is likely to force the pair to retest 50-day SMA resistance break-point turned support near 0.7870-65 area.

On the flip side, a sustained strength above 0.7925 resistance now seems to provide the required momentum to lift the pair beyond Wednesday's high of 0.7940, towards testing its next major resistance near 0.7970 level, coinciding with 61.8% Fibonacci retracement level.
May 5, 2016

US: Atlanta Fed revised down their Q2 GDP forecast to 1.7% - Deutsche Bank

Research Team at Deutsche Bank, suggests that in terms of the components of the US ISM services reading, employment, new orders and prices paid all rose last month, although there was a slight decline for business activity and new export orders (albeit from recent highs).
Read more Previous
May 5, 2016

EUR/JPY: Upside capped near 123.10, awaits fresh impetus

The EUR/JPY cross failed to sustain above 123 handle yet again and met fresh supply, now sliding to fresh session lows ahead of 5-DMA located at 122.58.
Read more Next