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
16 Nov 2018

USD/CHF looks to close week above parity despite today's sharp fall

  • US Dollar Index steadies near mid-96s.
  • Wall Street trades mixed in the last session of the week.

After touching a fresh daily high at 1.0086, the USD/CHF erased its daily gains in the early NA session and extended its slide toward the critical parity mark. However, with markets quieting down toward the end of the week, the pair started to move sideways in a tight range and was last seen down 0.55% on the day at 1.0010.

Comments from Fed officials on Friday put the greenback under a heavy selling pressure. Both Dallas Fed President Kaplan and Fed Vice Chair Clarida sounded concerned about the potential negative impact of the global economic slowdown on the U.S. economy and said the Fed's policy outlook should take that into consideration. Furthermore, a more than 1% drop witnessed in the 10-year U.S. T-bond yield dragged the dollar lower against its peers. At the moment, the DXY is down 0.6% on the day at 96.50.

In the meantime, major equity indexes in the U.S. trade mixed and point to a neutral market sentiment, which helps the pair limit its losses. As of writing, the Dow Jones Industrial Average was recording modest gains and the Nasdaq Composite Index was down around 0.8%.

Technical levels to consider

The initial support aligns at 1.000 (psychological level/parity) ahead of 0.9920 (50-DMA) and 0.9870 (200-DMA). On the upside, resistances are located 1.0035 (20-DMA), 1.0085 (daily high) and 1.0130 (Nov. 13 high).

Nov 16, 2018

AUD/USD Technical Analysis: Relentless bulls break above 0.7300 figure with 0.7400 target on the horizon

AUD/USD daily chart AUD/USD is above the 50 and 100-day simple moving average and the 2018 bear trendline.  Technical indicators are positive sugg
Read more Previous
Nov 16, 2018

NY Fed: GDP Nowcast ticks down to 2.6% for Q4

"The New York Fed Staff Nowcast for 2018:Q4 stands at 2.6%," the Federal Reserve Bank of New York announced on Friday. Key quotes News from this w
Read more Next