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 prints longest daily losing run since November

  • EUR/USD has registered its longest daily losing streak since November. 
  • The single currency is likely to remain under pressure with virus scare continuing to dominate the market sentiment. 

EUR/USD fell for the fifth straight day on Friday, confirming its longest daily losing trend since the first half of November. 

The currency pair closed on a weaker note at 1.0944, forming a bearish marubozu candle on the daily chart. 

The greenback picked up a bid, as the US Nonfarm Payrolls data for January bettered estimates and investors poured money into the safe haven treasuries on account of coronavirus scare. 

Focus on broader market sentiment

The futures on the S&P 500 have erased losses seen in early Asia, helping the likes of the Australian dollar eke out moderate gains on the day. EUR/USD also found some love in Asia and is currently trading at 1.0952, representing marginal gains on the day.

Further gains, however, may remain elusive, as coronavirus fears remain at the top of investor worries with more than 37,000 known cases across the globe and 813 deaths. 

The virus scare could overshadow the China data released in Asia, which showed producer price index, a gauge of factory gate prices, edged up 0.1% on year in January, compared with a 0.5% decline in December. 

On the data front, Eurozone's Sentix Investor Confidence (Feb) will be released at 09:00 GMT. Across the pond, the focus will be on the Fed speak and short-term bill auctions. 

Technical levels

 

USD/CNH revisits sub-7.000 area following strong China CPI numbers

USD/CNH stays on the back foot around 6.9950 while heading into the European session on Monday. The pair recently weakened from the four-day high afte
Read more Previous

USD/INR Price Analysis: Steps back from five-day top to key SMAs

USD/INR declines to 71.34 amid the initial Indian session on Monday. In doing so, the pair snaps the three-day winning streak while also takes a U-tur
Read more Next