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
Test

Important information

By using this website, you confirm you are not a resident of the European Union, the United States of America, the United Kingdom, Iran, Myanmar, North Korea, Norway, Iceland, Switzerland, Liechtenstein, and the Philippines or accessing it from these jurisdictions. We assume no liability for the consequences of non-compliance with local laws.

Trading news
Back
31 Dec 2019

EUR/USD hits new four-month highs amid end-of-year flows

  • EUR/USD has hit the highest since August, well above 1.12.
  • End-of-year flows and trade optimism are in play.
  • US Consumer confidence is the final data point for 2019.

EUR/USD has been having an active New Year's Eve – hitting a new cycle high at 1.1223, at the time of writing. It last traded at these levels in mid-August. The US dollar has been on the back foot in the last days of 2019, amid end-of-year flows.

The greenback is also suffering a diminishing demand for safe-haven assets. Optimism about a US-Sino trade deal prevails with Chinese Vice Premier Liu He is set to travel to Washington on Saturday for a signing ceremony of the Phase One accord. However, officials in Beijing have yet to confirm the trip.

The US calendar consists of the official House Price Index and the S&P / Case Shiller HPI. The most significant figure due out on Tuesday is the Consumer Confidence gauge by the Conference Board, due out at 15:00 GMT. 

Markets are set to quiet down afterward and resume their action early on January 2, 2020, in Asia.

EUR/USD Technical Analysis

EUR USD Technical Analysis December 31 2019 highest in four months

Euro/dollar faces resistance at the August peaks of 1.1230 and 1.1250, followed by previous peaks of 1.1325 and 1.1390. 

Support lines are aplenty and they include the recent highs of 1.12, 1.1175, 1.1150, 1.1130, 1.1110, and 1.1065.

The Relative Strength Index on the four-hour chart is above 70 – indicating overbought conditions. 

Dec 31, 2019

USD/CHF eases below 0.9670 as DXY test 96.50

After spending the Asian session moving sideways near 0.9680, the USD/CHF pair lost its traction in the last hour and touched its lowest level since e
Read more Previous
Dec 31, 2019

GBP/USD challenging the 1.3200 level

Despite most markets being closed amid the New Year’s Eve holiday, major currencies are showing signs of life, with the greenback still being the weak
Read more Next