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
20 Jun 2016

EUR/USD recedes gains to close bullish gap?

The latest leg upside in the EUR/USD pair lost steam just a whisker away from 1.14 barrier, driving the rate back towards 50-DMA at 1.1300.

EUR/USD reverses from weekly tops

Currently, EUR/USD now gains +0.57% to trade at 1.1340, having posted fresh session lows at 1.1333 last minutes. The main currency pair’s correction from 1.1383 – weekly tops, gained further momentum after the European stocks stormed higher this Monday  amid renewed hopes of Bremain and weighed heavily on the funding currency euro. The weekend’s latest Brexit opinion polls showed votes tilting back towards the ‘Remain’ camp. While the Betfair also lengthened the odds for a Brexit vote scheduled on Thursday, June 23rd.

Meanwhile, the German DAX jumps +3.13%, the UK’s FTSE gallops +2.46% and the pan-European benchmark, the Euro Stoxx 50 leaps +3.30%.

Moreover, aggressive selling pressure seen in the EUR/GBP cross on Bremain-led cable’s flight above 200-DMA, also contributed to the ongoing corrective slide in the major.

Markets ignored the German PPI numbers as the immediate focus now remains on the Buba monthly report release. While the upcoming Brexit polls’ outcome will be closely eyed for fresh direction on the major.

EUR/USD Technical Levels             

In terms of technicals, the pair finds the immediate resistance 1.1369/77 (daily R1/ Jun 3 High). A break beyond the last, doors will open for a test of 1.1400 (psychological levels). On the flip side, the immediate support is placed at 1.1300 (50-DMA) below which at 1.1266/42 (20 & 100-DMA) could be tested.

Jun 20, 2016

Slovakia Unemployment Rate declined to 9.5% in May from previous 9.6%

Slovakia Unemployment Rate declined to 9.5% in May from previous 9.6%
Read more Previous
Jun 20, 2016

BOJ’s Kuroda: Direct impact of negative interest rate on profitability of Japanese banks is really limited

Additional headlines crossing the wires from BOJ Kuroda via Bloomberg: Changing deflationary mindset absolutely necessary With the world full of unc
Read more Next