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

US Dollar fades the uptick, challenges the 101.00 handle

The US Dollar Index – which gauges the greenback vs. its main rivals – has now returned to the 101.00 neighbourhood, coming down from a failed attempt to advance further north of 101.20.

US Dollar offered after Payrolls

The index has rapidly retraced the bullish attempt to the vicinity of 101.20 following the monthly report on US labour market elaborated by the BLS.

In fact, Non-farm Payrolls saw the economy adding nearly 180K jobs during November, a tad above initial estimates, and the jobless rate ticking lower to 4.6% from October’s 4.9%.

However, the critical Average Hourly Earnings dropped 0.1% inter-month, pouring cold water over expectations of a sustainable pick up in US inflation wages.

In the meantime, DXY is so far closing the first week with losses after three consecutive advances, including a fresh 2016 top near 101.20 recorded on November 24, with a period of consolidation likely to follow ahead of the FOMC meeting on December 14.

US Dollar relevant levels

The index is retreating 0.04% at 100.98 facing the next support at 100.67 (low Nov.28) followed by 100.41 (20-day sma) and finally 99.38 (low Nov.14). On the other hand, a break above 102.19 (monthly high Apr.2003) would open the door to 102.68 (monthly high March 2003).

Gold struggling for direction, flat-lined around $1172

Gold was seen struggling for a direction and remained confined within a narrow trading range, with mild positive bias.  Currently hovering around $11
Read more Previous

United States ISM New York index climbed from previous 49.2 to 52.5 in November

United States ISM New York index climbed from previous 49.2 to 52.5 in November
Read more Next