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
17 Feb 2020

EUR/USD: A bottom looks closer – UOB

FX Strategists remain bearish on EUR/USD, although they believe that a bottom could be in the making.

Key Quotes

24-hour view: “We expected EUR to ‘weaken further’ last Friday but were of the view ‘oversold conditions could limit any decline to a probe of the major 1.0810 support’. While EUR weaken as expected, it only touched a low of 1.0826. Downward momentum has waned and the downside risk appears to be limited for today. All in, EUR is expected to consolidate and trade sideways, likely between 1.0820 and 1.0860.”

Next 1-3 weeks: “EUR eked out a fresh ‘lower low’ of 1.0826 last Friday before closing at 1.0830 (-0.09%). While the weak phase that started more than a week ago is still intact, the combination of waning momentum and oversold conditions suggest that a bottom may not be far away. As highlighted early last Friday (14 Feb, spot at 1.0840), while a dip below 1.0810 (we first indicated this level last Monday) would not be surprising, the next support at 1.0770 could be out of reach. On the upside, a move above 1.0890 (‘strong resistance’ was at 1.0910 last Friday) would indicate the current weakness in EUR has run its course.”

Feb 17, 2020

Asian stocks take mixed clues from Chinese support measures, Japan GDP

The preliminary reading of Japan’s fourth quarter (Q4) 2019 GDP triggered recessionary fears of Asia’s top-tier economy and weighed on stocks during t
Read more Previous
Feb 17, 2020

Forex Today: Coronavirus woes flag recession risks across Asia as China stimulus calms nerves

Amid the rising death toll and new coronavirus cases reported in China, the support measures implemented by Beijing reassured investors. The Asian equ
Read more Next