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

eurusd

EUR/USD was benefitting on safe-haven flows in Friday, entering US trade +0.22% while the DXY was handed over to NY down -0.18% while traders concerns had been heightened with China urging the US away from a full-on trade war, after announcing tariffs of 15% to 25% on 128 US imports that account for around USD3 billion in trade in relation. 

Amongst the trade war angst, global equity markets continued to their northerly trajectory with the major US indices dropping a further -1.8 to -2.5% and European bourses were down -1.4 to -1.8%. There was also a bid in the euro with Trump temporarily excluding the EU and six other allies from steel tariffs at the same time as Eurozone leaders were giving a new push to reforms of the single currency area. 

EUR/USD opened around 1.2330 after a choppy European session, (EUR/USD ranged between 1.2317-48 and between 1.2300-1.2348 in Asia), while the chop continued early in the session before a sharp downturn in the greenback took hold and the single currency rallied on the back of another lift in EUR/JPY as well, hitting a high of 1.2730. As for US data, US Feb durable goods climbed 3.1% m/m, with core orders up 1.8% m/m. US home sales fell 0.6% to 618k. Fed policymakers were explaining that they are watching trade risks closely while mostly maintaining Powell's gradualist tightening message.

There is a bullish bias on the charts with the 21-D SMA supporting on dips. RSIs are bullish while the pair changes hands above the cloud top. There is a a broad 1.2100/1.2600 range in place with 1.2300 being a pivotal point.  A break of 1.2350 with bullish closes above  is now opening up a run towards and the case for 1.24 the figure. Through there, 1.2440 comes as a key level before the 2008-2018 resistance line that is located at 1.2680. On the flip side, 1.2220 and 1.2154 are next targets ahead of 1.2090. A close below 1.2154 and a subsequent break of 1.2090 would target the 1.1640 55 week ma on the wide.

 

 

Russia: CBR to continue to cut rates – Danske Bank

Analysts at Danske Bank point out that last Friday the central bank of Russia (CBR) cut its key rate by 25bp with the majority of both Bloomberg's and
Read more Previous

gbpusd

After a wobble in European trade, GBP/USD was better bid in NY on the back not only a weaker dollar but due to the BoE hawks and recent domestic bulli
Read more Next