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
14 Sep 2016

USD/RUB tumbles to lows near 65.00

The Russian ruble is gathering further pace vs. the greenback today, with USD/RUB dropping to fresh lows in the 65.00 neighbourhood.

USD/RUB bounces off 64.90

After climbing as high as the proximity of 65.50 on Tuesday, spot has come under renewed downside pressure in response to a better sentiment around crude oil prices and the prevailing offered tone in the greenback.

In fact, the barrel of Brent crude is trading in the low-$47.00s, up smalls following yesterday’s deep pullback to levels just below the $47.00 mark.

Next of relevance for RUB will be CBR’s interest rate decision on Friday, with market consensus expecting a 50 bp rate cut.

USD/RUB levels to watch

At the moment the pair is retreating 0.47% at 64.99 and a break below 63.58 (low Sep.8) would aim for 63.41 (low Aug.18) and then 62.75 (low Jul.14). On the flip side, the next resistance lines up at 65.97 (high Sep.1) followed by 67.15 (high Jun.14) and finally 68.79 (200-day sma).

 

 

 

Sep 14, 2016

UK: Employment data largely in line with expectations - BBH

Research Team at BBH, notes that the UK employment data was largely in line with expectations as the unemployment rate (ILO) was unchanged at 4.9%. 
Read more Previous
Sep 14, 2016

Bonds: It’s about the BoJ, not the FED - AmpGFX

Greg Gibbs, Director at Amplifying Global FX Capital, notes that the global bond yields have continued to rise this week, notwithstanding a very dovis
Read more Next