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
11 Jan 2017

GBP/USD on the offers below 1.2200 ahead of UK IP

The GBP/USD pair stalled its gradual recovery mode just shy of 1.22 barrier and retreated sharply to test daily troughs as the greenback picked-up significant strength across the board.

GBP/USD awaits manufacturing & industrial figures

The cable has been caught by fresh sellers that lurked near 1.22 handle, despite a recovery in risk-sentiment, as the spot closely tracks the USD price-action. The latest leg higher in the US dollar versus its main competitors is on the back of renewed bids seen in the US treasury yields, as markets re-price in rising inflation expectations amid higher fiscal spending ahead of Trump’s new conference scheduled later today

While the bearish bias remains intact as the UK PM May’s comments pointing towards a Hard Brexit scenario continue to weigh on the pound, especially ahead of next week’s Supreme Court hearing on the Brexit process.

However, auspicious manufacturing and industrial production data due on the cards in the European session could provide some much-need respite to the bulls, sending the rate back above 1.2200 levels.

GBP/USD Levels to consider            

In terms of technical levels, upside barriers are lined up at 1.2200 (round figure), 1.2250 (psychological levels) and 1.2281 (20-DMA). While supports are seen at 1.2123 (daily S1) and 1.2100 (multi-week lows) 1.2050 (psychological levels) and below that at 1.2000 (key support).

Jan 11, 2017

EUR/USD rejected at 5-DMA, trades below 4-hr 200-MA

The EUR/USD failed to hold above 5-DMA level of 1.0562 and shed a few pips to trade below the 4-hour 200-MA levels of 1.0551 in the dull Asian session
Read more Previous
Jan 11, 2017

Asian stocks ex-China advance, Trump’s presser eyed

The stocks on the Asian indices had a positive start on Wednesday, and remained mostly higher, following a strong close on the US stocks. However, ga
Read more Next