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
2 Dec 2016

USD/CHF inching closer to weekly low after NFP

The USD/CHF pair's attempted recovery got sold into and the pair is now heading towards the lower end of weekly trading range. 

Currently trading marginally below 1.0100 handle, the pair ran through fresh offers and drifted into negative territory after headline NFP print failed to impress US Dollar bulls and came-in to show an addition of 178K new jobs in November, slightly above 175K expected. Moreover, an unexpected contraction in average hourly earnings also disappointed markets and forced investors to further take profits from recent gains. 

Meanwhile, a surprising drop in the unemployment rate to nine-year low level of 4.6% seems to have negated a big miss in average hourly earnings and extended some support to the greenback. 

Looking at the broader picture, the pair still remains in near-term consolidation phase as market now build on to expectations for next Fed monetary policy action, beyond December meeting. 

Technical levels to watch

Immediate support is pegged at 1.0080 level (weekly low) below which the pair is likely to immediately head towards 1.0050 intermediate support en-route testing parity mark. On the upside, 1.0120 level now become immediate hurdle, which if cleared seems to lift the pair towards 1.0170 before aiming to reclaim 1.0200 handle.

 

Dec 2, 2016

US Non-farm Payrolls at 178K in November

US Bureau of Labor Statistics has informed that Non-farm Payrolls showed the US economy added 178K jobs during last month, slightly above the 175K for
Read more Previous
Dec 2, 2016

EUR/USD back to square one, in the mid-1.0600s

The initial spike to the 1.0660/70 post-Payrolls has quickly fizzled out, leaving EUR/USD trading in the 1.0650 area as markets continue to digest the
Read more Next