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.
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.
Octa trading broker
Open trading account
Back

USD/JPY weaker below 114.00 handle after US NFP

The USD/JPY pair came under fresh selling pressure and dropped closer to session low following the release of US NFP data. The pair, however, has managed to recover bounce off lows and is currently trading around 113.80 region. 

The pair lost its recovery momentum after the US Labor Department reported that economy added 178K new jobs in November. The reading was slightly better-than 175K expected and 161K jobs in October. 

Meanwhile, the unemployment rate surprisingly dropped to a nine-year low level of 4.6% and average hourly earnings unexpectedly contracted by 0.1% m-o-m. 

With December Fed rate-hike fully priced-in, today’s NFP data did little to lift market expectations of further rate-hike actions in 2017 and exerted some selling pressure around the major. 

Technical levels to watch

Immediate support is pegged at 113.30 level below which the pair is likely to extend the corrective slide towards testing sub-112.00 handle (111.90 support area) with 112.45-35 region acting as intermediate support. On the upside, sustained momentum above 114.40-45 immediate resistance is likely to boost the pair beyond 114.80-85 area (Thursday's multi-month high) towards testing 115.00 psychological mark.

 

United States Average Hourly Earnings (YoY) declined to 2.5% in November from previous 2.8%

United States Average Hourly Earnings (YoY) declined to 2.5% in November from previous 2.8%
Read more Previous

USD/CAD sinks to 1.3250 on NFP

The Canadian dollar picked up further pace vs. the buck today, sending USD/CAD to the area of fresh lows in the mid-1.3200s. USD/CAD in 2-month lows
Read more Next