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
Trading news
Back
31 May 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 peers, started a mild recovery move before the Fed releases its Beige Book. As of writing, the index is at 96.95, still losing 0.3% on the day.

The greenback seems to be hurt by the weak market sentiment and dismal macro data from the United States. The major equity indexes started the day lower after ending the previous day with losses as the falling crude oil prices weigh on the energy shares and don't allow the risk appetite to awaken. Thus, the safer U.S. Treasury Bonds on Wednesday find demand, pushing their yields lower and weakening the greenback. 

Furthermore, today's data revealed that following a 0.9% drop in March, pending home sales in the U.S. fell 1.3% in April, missing the market consensus of +0.5%. On the other hand, Chicago Purchaser Managers' Index, which was released at 55.2 originally, was recently corrected to 59.4, allowing the greenback to recover some of its losses. Later in the session, Fed's monthly economic assessment report, Beige Book, will be released. An optimistic view of the U.S. economy could confirm a June rate hike, possibly supporting the greenback against its rivals.

  • US: Fed’s Beige Book in focus today – BMO CM
  • US Pending Home Sales: April shows another drop - Wells Fargo

Technical outlook

The index could face the immediate support at 96.80/70 (daily low/May 23 low) ahead of 95.90 (Nov. 11 low) and 95 (psychological level). On the upside, technical resistances are located at 97.50 (May 26 high), 98 (May 18 high/psychological level) and 98.75 (May 16 high).

May 31, 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...
Read more Previous
May 31, 2017

Trade plan suggestion for USD/RUB - Nomura

Analysts at Nomura suggested a trade idea to buy a 3m USD/RUB 60/57 call spread for an indicative 1.86% of notional (spot ref: 56.79). We allocate $5m
Read more Next