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
Test

Important information

By using this website, you confirm you are not a resident of the European Union, the United States of America, the United Kingdom, Iran, Myanmar, North Korea, Norway, Iceland, Switzerland, Liechtenstein, and the Philippines or accessing it from these jurisdictions. We assume no liability for the consequences of non-compliance with local laws.

Trading news
Back
24 Jul 2017

EUR/USD corrects from 2-year tops, comes down below mid-1.1600s

The shared currency kept the negative tone through early NA session on Monday, with the EUR/USD pair retreating from fresh 2-year tops near 1.1685 level. 

Currently hovering around mid-1.1600s, off session lows touched during the early European session, receding US Dollar selling pressure has been one of the key factors that could have prompted some profit taking at higher level. This coupled with a slight miss from the Euro-zone PMI prints have also failed to provide any fresh bullish impetus to the major.

Meanwhile, investors seemed reluctant to initiate fresh aggressive bets ahead of this week's key event risk - FOMC monetary policy decision on Wednesday, which has eventually led to minor retracement/consolidative price-action at the start of a new trading week. 

   •  US: FOMC appears ready to start reducing the balance sheet - Nomura

Despite the pullback, investors' sentiment remains biased to the bullish side amid growing expectations of a possible ECB tapering at the September meeting. 

   •  ECB to reconsider policy at the September meeting - BBH

Moreover, growing uncertainty over the Trump administration’s pro-growth economic agenda might now restrict any swift US Dollar recovery and hence, an extension of the pair's near-term appreciating move, even beyond the 1.1700 handle, now seems a distinct possibility.

In the meantime, today's release of existing home sales data from the US, due in a short while from now would now be looked upon for some trading impetus. 

   •  US: Existing home sales likely to decline 1.1% m-o-m for June - Nomura

Technical outlook

Valeria Bednarik, Chief Analyst at FXStreet writes, "in the 4 hours chart, technical indicators have resumed their advances near overbought levels after a modest downward correction, whilst the price remains above a firmly bullish 20 SMA, this last at 1.1600."

"Beyond the mentioned high, the pair has its next intraday resistance at 1.1713, 2015 high, with a break above it exposing the 1.1740/50 price zone. A downward corrective movement could come on a downward acceleration through 1.1620, towards 1.1580, July 18th high" she added
 

Jul 24, 2017

WTI flirting with daily highs above $46.00

Crude oil prices are recovering the smile on Monday, currently lifting the West Texas Intermediate beyond the $46.00 mark per barrel, or daily highs.
Read more Previous
Jul 24, 2017

United States Markit Manufacturing PMI above expectations (52) in July: Actual (53.2)

United States Markit Manufacturing PMI above expectations (52) in July: Actual (53.2)
Read more Next