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 still targets the 1.1100 area – UOB

FX Strategists at UOB Group noted that only a surpass of 1.1200 could remove some downside pressure in EUR/USD.

Key Quotes

24-hour view: “We expected EUR to trade within Thursday’s 1.1100/1.1187 last Friday. In line with expectation, EUR traded between 1.1110 and 1.1150. Indicators are still mostly ‘flat’ which suggest EUR could continue to trade sideways for now, likely between 1.1105 and 1.1155”.

Next 1-3 weeks: “EUR dropped below 1.1106 and touched a fresh year-to-date low of 1.1100 before rebounding quickly. The price action was not unexpected as we highlighted on Wednesday (24 Jul, spot at 1.1155) that a “fresh year-to-date low would not be surprising”. We also indicated that “what is less clear is whether any weakness below this level is sustainable”. For now, it is too early to tell whether EUR could move and stay below 1.1100 and only a break of the 1.1200 ‘key resistance’ (no change in level from yesterday) would indicate that the current downward pressure has eased. Meanwhile, after yesterday’s hectic price action, EUR could consolidate and trade sideways for a few days. Looking forward, if EUR were to registered a NY closing below 1.1100, it would greatly increase the risk of a break of the next support at 1.1045”.

GBP Futures: further decline on the cards

Open interest in GBP futures markets posted the largest single day build since July 16 on Friday, up by nearly 7.1K contracts. Volume, instead, droppe
Read more Previous

FX option expiries for July 29 NY cut

FX option expiries for July 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1100, 543M 1.1200 766M - GBP/USD:
Read more Next