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
26 Jul 2019

EUR/GBP bounces of 0.8890, 55-day SMA

  • EUR/GBP adds to yesterday’s gains near 0.8950.
  • EU has rejected B.Johnson’s view on Brexit policy.
  • ECB revised down its inflation, growth projections.

EUR/GBP is posting marginal gains in the mid-0.8900s, managing to rebound from yesterday’s lows in the 0.8980 region, coincident with the 55-day SMA.

EUR/GBP supported just below 0.8900

The European cross left behind the negative start of the week in response to the better mood around the Sterling after Boris Johnson was elected new UK Prime Minister.

In addition, persistent weakness around the single currency on poor data and dovish ECB also brought in some selling mood around the cross and accompanied the move lower.

However, the British Pound has come under selling pressure once again in past hours after fresh frictions emerged between Brussels and Johnson’s Brexit plan, which includes getting rid of the Irish backstop.

Data wise today in Euroland, the ECB published its Survey of Professional Forecasters. The central bank revised lower its projections for inflation and economic activity, leaving unchanged its views on the unemployment.

EUR/GBP key levels

The cross is gaining 0.09% at 0.8956 and a breach of 0.8891 (monthly low Jul.25) would open the door to 0.8872 (low Jun.20) and then 0.8793 (200-day SMA). On the upside, the next barrier aligns at 0.8971 (21-day SMA) seconded by 0.9005 (high Jul.23) and finally 0.9051 (2019 high Jul.17).

Jul 26, 2019

Brazil: Wider current account gap with a still solid external position - Rabobank

Rabobank analysts note that Brazil’s trailing twelve-month current account deficit widened to USD 17 billion (0.9% of GDP) – the largest gap since Oct
Read more Previous
Jul 26, 2019

BoJ: No change in policy stance coming? - TDS

Mazen Issa, senior FX strategist at TD Securities, points out that for the next week’s meeting, the BOJ does not have the typical luxury of following
Read more Next