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
31 May 2017

GBP/USD reversal continues and climbs above 1.2900

The pound extended gains during the American session against the US dollar and reached a fresh 5-day high above 1.2900. GBP/USD rose to 1.2921 and it was trading near the highs at 1.2905/10. 

Earlier today, the pair bottomed at 1.2768, the lowest since April 21, affected by political uncertainties ahead of next week UK election. The polls showing a declining lead of the Conservatives, affected the pound. The latest one helped eased the pressure  after reporting an increase of the lead over the Labour Party. 

UK election: Conservatives stretch lead over Labour

Cable not only recovered the lost ground but bounced sharply on the back of month-end flows and a weak US dollar against European currencies. The greenback remained near the lows even after the Chicago PMI index was revised (corrected) to 59.4 from the 55.2 reading reported earlier. 

Technical levels 

To the upside, resistance levels might be located at 1.2920/25 (Daily high / May 24 low), 1.2965 (May 22 low) and 1.3000. On the downside, support could be seen at 1.2885 (May 30 high), 1.2845 (20-hour moving average) and 1.2790/95 (May 30 low). 
 

May 31, 2017

Sterling wobbled badly overnight - Scotiabank

Analysts at Scotiabank explained that Sterling wobbled badly in the overnight session on UK election polling.  Key Quotes: "One Yougov study showed
Read more Previous
May 31, 2017

US Dollar rebounds towards 97, Fed's Beige Book eyed

After slipping to a fresh low since last Thursday at 96.80, the US Dollar Index, which tracks the greenback against a basket of six trade-weighted pee
Read more Next