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

GBP/USD is licking the wounds around 1.66

FXStreet (Moscow) - GBP/USD rebounded from 1-month lows reached yesterday at 1.6544 reaching 1.6602 session high by the moment.

GBP/USD will be too busy and important

The attempts of cable to break above 1.6600 failed as the pair met sellers’ interest. GBP lost about 15 pips, and now in consolidation waiting for European catalysts. Today is the busiest day of the week for the pound, as we will see UK budget data, MPC minutes, and labor numbers. The latter is probably the most interesting one given the mentioned by the BOE focus on spare capacities in labor market. It means that the market will pay attention not only to unemployment rate, but also to average hours worked and average earnings as an indicator of future inflation. If numbers are above expectations, wait for the move higher with initial target at1.6647 resistance level.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6596, with support below at 1.6542, 1.6491 and 1.6437 with resistance above at 1.6647, 1.6701, and 1.6752. Hourly Moving Averages are largely bullish, with the 200SMA bearish at 1.6648, and the daily 20EMA flat at 1.6636. Hourly RSI is neutral at 45.

Flash: GBP/USD turns attention to 1.6547 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, observes that the 55-day MA at 1.6745 and 1.6541 (uptrend) are gaining relevance…
Read more Previous

Flash: USD/JPY to consolidate ahead of FOMC – OCBC Bank

Emmanuel Ng, Strategist at OCBC Bank, comments the USD/JPY would most likely consolidate ahead of the FOMC meeting later today…
Read more Next