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

EUR/JPY retakes 134.00 as markets digest Merkel win

The EUR opened on a slightly weak note this Monday morning on the back of the expected German election and Merkel victory.

The "sell the fact" trade saw EUR/JPY open lower at 133.45. Merkel's victory is widely being called as "hollow". Bloomberg Politicsl says, "Her party unexpectedly recorded its weakest result since 1949, and was helped to victory by her main challenger, Martin Schulz’s Social Democrats, performing even worse".

Mrs Merkel must now find coalition partners to form a government. The AfD, which channeled the slow reemergence of long-suppressed nationalism, which is set to enter parliament for the first time, is unlikely to be invited by Merkel.

Currently, the EUR/JPY pair is trading around 134.20. The uptick in USD/JPY is partly responsible for the recovery in EUR/JPY pair.

The formation of the new government looks extremely tricky. Merkel's coalition partners - FDP are against euro integration. This, coupled with Afd's entry into parliament could cap gains in the EUR.

EUR/JPY Technical Levels

A break above 134.28 [61.8% Fib R of 2014 high-2016 low] would open up upside towards 135.73 [Aug 2014 low] and 136.00 [zero levels]. On the downside, breach of support at 133.25 [support on the 4-hour chart] could yield a pull back to 132.92 [4-hour 50-MA] and 132.00 [zero levels].

 

Japan Nikkei Manufacturing PMI registered at 52.6, below expectations (53.4) in September

Japan Nikkei Manufacturing PMI registered at 52.6, below expectations (53.4) in September
Read more Previous

USD/CNY fix projection: 6.6024 - Nomura

Analysts at Nomura offered their model projection for the USD/CNY fix today. Key Quotes: "Our model1 projects the fix to be 163 pips higher than the
Read more Next