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
Trading news
Back
31 Jan 2018

EUR/USD eyes 1.2470 post-ADP, daily peaks

  • US ADP came in above estimates at 234K in January.
  • The pair stays in daily highs around 1.2470.
  • FOMC meeting now in centre stage.

The offered tone around the greenback remains unchanged despite the solid print from the ADP report, with EUR/USD firmly marching to the area of daily tops in the 1.2460/70 band.

EUR/USD now looks to Fed

The pair keeps the upside unabated so far this week, with the weakness around the US Dollar showing no signs of diminishing despite today’s ADP report saw the US private sector added 234K jobs in January, more than initially forecasted (185K).

Extra data releases in the US docket saw employment benefits up 0.50% QoQ during Q4 and the employment cost index rising 0.6% during the same period, both reading matching prior estimates.

Spot has been moving higher in spite of the upside momentum in yields of the key US-1O year benchmark, currently around 2.71%, a tad lower than yesterday’s multi-year tops in the 2.73% area.

In the meantime, market participants have shifted their focus to the upcoming FOMC meeting, where the Committee is expected to deliver a somewhat hawkish statement.

EUR/USD levels to watch

At the moment, the pair is gaining 0.51% at 1.2466 and a breakout of 1.2495 (high Jan.26) would target 1.2537 (2018 high Jan.25) en route to 1.2571 (high Dec.16 2014). On the flip side, the next support aligns at 1.2348 (10-day sma) followed by 1.2336 (low Jan.30) and finally 1.2208 (21-day sma).

Jan 31, 2018

GBP/USD holds steady above mid-1.4100s post-ADP

The GBP/USD pair extended its steady climb from session lows and had a rather muted reaction to the ADP report.  The pair retreated around 15-pips, a
Read more Previous
Jan 31, 2018

USD/JPY struggles to break through 109.00 handle, all eyes on FOMC

   •  Stellar ADP report fails to revive USD demand.     •  Investors remain on the sidelines ahead of the Fed decision.  The USD/JPY pair held on t
Read more Next