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

GBP/USD: remains with a bearish bias, eyes on 1.2810 support

Currently, GBP/USD is trading at 1.2852, down -0.22% on the day, having posted a daily high at 1.2929 and low at 1.2831.

Moody's: UK's creditworthiness under pressure from Brexit-related uncertainty

GBP/USD been in a chop between 1.2831/61, unable to find direction after the sell-off from 1.2929. Ben Broadbent was speaking earlier and was warning about the risk that Brexit will be to UK trade. However, Haldane was hawkish again. The drop in sterling was not fueled by much in the way of fundamentals, but a technical drop that has left the squeezed out bulls licking their wounds as we wait for this week's key data for the UK in the employment figures due tomorrow.

GBP/USD levels

From a technical perspective, Valeria Bednarik, chief analyst at FXStree explained that the pair has broken below the 38.2% retracement of its latest bullish run, now finding resistance around it at 1.2860. "In the 4 hours chart, the 20 SMA maintains a strong bearish slope above the current level, whilst the Momentum indicator continues to lack direction around its 100 level, but the RSI hovers near oversold levels, this last supporting additional declines ahead.  The 50% retracement of the same rally stands at 1.2810, now the immediate support."

US Sen. Rep. Leader McConnell: Will lay out a revised version of healthcare law on Thursday morning

U.S. Senate Republican Leader Mitch McConnell crossed the wires in the last hour, via Reuters, saying that a revised version of the healthcare law wou
Read more Previous

Wall Street pared early losses to close day little changed

After falling sharply on revived political concerns over the relationship between Russia and the Trump election campaign, major equity indexes in the
Read more Next