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
Trading news
Back
17 Jan 2020

EUR/JPY recedes from 2020 highs, back around 122.40

  • EUR/JPY loses momentum near the 123.00 mark.
  • EUR-weakness drags the cross lower.
  • US key data coming up next.

The increasing selling mood surrounding the European currency is motivating EUR/JPY to give away part of its weekly gains and retreat to the 122.40 area.

EUR/JPY meets resistance near 123.00, YTD highs

The January rally in the cross has run out of steam in the vicinity of the key barrier at 123.00 the figure during early trade, or fresh yearly peaks in response to the continuation of the leg lower in EUR.

The pick-up in the sentiment towards the greenback is putting its rivals under extra pressure on Friday, all following better-than-expected results from recent US indicators.

In the docket, earlier final CPI results in the broader euro area showed headline and Core consumer prices rose at an annualized 1.3% during December, matching the flash readings. Further data saw the November Current Account surplus inching higher to €33.9 billions.

Later in the NA session, all the attention will be on the release of US Industrial and Manufacturing Production figures and the flash print of the U-Mich index among other key indicators.

EUR/JPY relevant levels

At the moment the cross is losing 0.22% at 122.40 and a breach of 121.72 (21-day SMA) would aim for 120.93 (200-day SMA) and finally 120.16 (2020 low Jan.3). On the other hand, the next up barrier aligns at 122.87 (2020 high Jan.16) seconded by 123.35 (monthly high Jul.1 2019) and then 123.75 (monthly high May 21 2019).

Jan 17, 2020

GBP/USD Technical Analysis: Weakens farther below mid-1.3000s, remains vulnerable

The GBP/USD pair extended disappointing UK retail sales data-led intraday pullback from levels beyond the 1.3100 handle and dropped to fresh session l
Read more Previous
Jan 17, 2020

China: Positive economic releases – TDS

Analysts at TD Securities note that China released a positive slate of December data including above consensus readings in industrial production 6.9%
Read more Next