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
19 Mar 2018

EUR/USD hit fresh highs as Wall Street extends losses

  • Euro rises further as US stocks tumble. 
  • EUR/USD about to test Friday’s highs. 
  • Most gains followed ECB rate hike talk and Brexit optimism. 

The euro jumped against the US dollar earlier today after Reuters reported that ECB members considered likely that the QE program should end in 2018 and also that they seem comfortable with the estimation of a rate hike by Q2 2018. Also the deal on the Brexit transition boosted the pound and also the euro. 

More recently, the euro extended gains across the board and even trimmed losses versus the pound, as equity prices accelerated the decline. In Wall Street, the DOW JONES was down 1.15% and the S&P 1.30%. Risk aversion also drove US yields lower. 

EUR/USD rose to 1.2334, hitting a fresh daily high. The pair was holding near the highs, looking at Friday’s highs (1.2335). The strong bounced from weekly lows, improved significantly the short-term technical outlook for the euro against the US dollar. 

EUR/USD Technical levels 

To the upside, immediate resistance is seen around daily highs at 1.2335 (Mar 16 high), 1.2360 and 1.2385 (Mar 15 high). On the flip side, short-term support levels might be located at  1.2295, 1.2280 (20-hour moving average) and 1.2255/60 (Mar 16 & 19 high). 

Mar 19, 2018

USD/CAD retreats from 2018 tops, around 1.3080

After clinching fresh 2018 tops in the 1.3130 region during early trade, USD/CAD has now faded part of that advance and trades in the 1.3080 region.
Read more Previous
Mar 19, 2018

GBP/JPY having a hard time at the 149.00 handle post-EU-UK preliminary transition deal

The GBP/JPY is trading at around 148.56 up 0.52% on the day so far as it was with great euphoria that the British Pound investors welcomed the EU-UK p
Read more Next