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
6 Feb 2020

EUR/USD: The 1.0980/90 band is now exposed – UOB

FX Strategists at UOB Group noted EUR/USD could attempt a move to levels below the 1.10 mark in the near-term.

Key Quotes

24-hour view: “Expectation for EUR to ‘trade sideways’ was incorrect as it plummeted to an overnight low of 1.0992. The sharp decline appears to be running ahead of itself but a breach of the solid 1.0980/1.0990 support zone could potentially lead to a rapid drop towards 1.0955. Overall, EUR is expected to stay on the back foot unless it can move back above 1.1030.”

Next 1-3 weeks: “We highlighted yesterday (05 Feb, spot at 1.1045) that ‘unless EUR recover soon, current price action looks more akin to be part of a consolidation phase instead of a strong rebound’. While the subsequent breach of the ‘strong support’ level at 1.1015 was not surprising, the relatively sharp decline of -0.40% (NY close of 1.0997) was not expected. Downward momentum has picked up and the strong support zone between 1.0980 and 1.0990 is vulnerable. A break of these solid levels would increase the odds for a move below the mid-term support at 1.0945. Overall, the current nascent pick up in downward momentum is likely to gather pace unless EUR can move above 1.1055 within these few days.

Feb 6, 2020

China likely considering disaster-related clause in phase one trade deal over coronavirus outbreak – Global Times

China’s highly-influential news outlet, Global Times, is out with an opinion piece after China’s State Council announced that it plans to cut added ta
Read more Previous
Feb 6, 2020

EUR Futures: Extra losses remain in store

In light of preliminary figures for EUR futures markets from CME Group, open interest rose for the second day in a row on Wednesday, this time by arou
Read more Next