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/USD looks for direction around 1.1630, eyes on Italy

  • The pair remains sidelined around the 1.1630 region on Tuesday.
  • The greenback trades with marginal losses above the 94.00 handle.
  • Italian politics remain the exclusive driver of the pair so far.

Always vigilant on developments from Italy, EUR/USD has managed to rebound from the 1.1600 neighbourhood – or fresh 2018 lows on Monday – and is now attempting to stabilize in the 1.1630 region.

EUR/USD focused on Italy

After failing to extend the bull run beyond the 1.1730 area at the beginning of the week, the pair met a wave of selling pressure stemming from the increasing uncertainty in the Italian political scenario and the widening gap between German and Italian yields.

The decline in EUR gained extra traction after PM G.Conte stepped down amidst calls for President S.Mattarella’s impeachment by leaders of the governing coalition M.Salvini and L. Di Maio. The current effervescence in Italian politics will likely derive in snap elections in September/October.

In the meantime, the greenback climbed to fresh YTD tops around 94.50 yesterday amidst thin trade conditions due to the Memorial Day holiday and declining yields as of late.

In the data space, EMU’s M3 Money Supply and Private Sector Loans are due next along with speeches by ECB’s Y.Mersch and S.Lautenschaelager. Across the pond, the Consumer Confidence gauge by the Conference Board will be the salient release seconded by the S&P/Case-Shiller index.

EUR/USD levels to watch

At the moment, the pair is up 0.09% at 1.1636 and a break below 1.1608 (2018 low May 28) would target 1.1600 (psychological level) en route to1.1553 (monthly low Nov.7). On the other hand, the next hurdle emerges at 1.1728 (10-day sma) seconded by 1.1829 (high May 22) and finally 1.1830 (21-day sma).

Kazakhstan, Russia in talks on easing OPEC output cuts pact – Interfax

Livesquawk reports the latest Interfax headlines, citing that Kazakhstan and Russia are in talks to ease the OPEC and non-OPEC deal on output curbs.
Read more Previous

EUR/USD scope for a rebound near term – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, technicals point to an imminent correction higher in spot. Key Quotes “EUR/U
Read more Next