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 stays above 97.00 post-ISM

The US Dollar Index – which tracks the buck vs. its main competitors – keeps the firm note so far today, holding on to levels above the 97.00 handle.

US Dollar bid on data

Better-than-expected results from US ADP report (253K) and ISM Manufacturing (54.9) for the month of May keep rpopping up the demand for the greenback on Thursday, helping the index to regain and so far stay above the 97.00 mark.

Auspicious results have also given extra legs to the buck’s recovery via higher US yields, with the 10-year benchmark quickly advancing to session tops around 2.24% in the wake of the releases.

Positive data today has also collaborated with a tick higher in the probability of a rate hike at this month’s meeting, currently above 90% according to CME Group’s FedWatch tool based on Fed Funds futures prices.

US Dollar relevant levels

The index is up 0.18% at 97.08 and a breakout of 97.42 (high may 31) would open the door to 97.70 (high May 30) and then 97.93 (20-day sma). On the downside, the next support is located at 96.5 (low Jun.1) seconded by 96.80 (low May 31) and finally 96.70 (2017 low May 23).

GBP/USD spikes to session peak near 1.29 handle

After an initial knee-jerk slide on the back of blowout ADP report, the GBP/USD pair regained traction and spiked to fresh session tops near the 1.290
Read more Previous

Fed’s Powell: Inflation still on track for 2% target

Federal Reserve's Governor Jerome Powell is speaking on CNBC, suggesting that he still sees the inflation moving towards the Fed's 2% target rate. Ke
Read more Next