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 Mar 2020

GBP/USD expected to test 1.3020 – UOB

Cable keeps recovering ground lost and is now targeting the 1.3020 region, suggested FX Strategists at UOB Group.

Key Quotes

24-hour view: “While we expected GBP to strengthen yesterday, we held the view that ‘the prospect for a rise beyond 1.2930 is unlikely’. We underestimated GBP strength as it soared to an overnight high of 1.2967. Further advance in GBP appears likely even though a break of last week’s peak near 1.3020 would come as a surprise (minor resistance is at 1.2995). Support is at 1.2920 followed by 1.2880.”

Next 1-3 weeks: “We highlighted yesterday (05 Mar, spot at 1.2870) that ‘odds for GBP to move to 1.2700 have diminished’. We added, ‘a break of 1.2900 would indicate that 1.2726 is an interim bottom’. However, the subsequent strong advance that sent GBP to a high of 1.2967 was not exactly expected. The current movement is viewed as part of a recovery phase and GBP could move above last week’s peak near 1.3020. At this stage, the prospect for further extension to 1.3070 is not high. Overall, GBP is expected to trade on a firm footing from here as long as the ‘strong support’ at 1.2850 is intact.”

Mar 6, 2020

EUR/JPY Price Analysis: Extra downside expected to test 118.30

EUR/JPY is prolonging the downside for the second session in a row on Friday, exacerbated after breaking below the key support at 119.00 the figure. T
Read more Previous
Mar 6, 2020

USD/JPY nosedives to fresh six-month lows, risks breaking below 105.00 mark

The USD/JPY pair tumbled to fresh six-month lows in the last hour, with bears now eyeing a sustained break below the key 105.00 psychological mark. Th
Read more Next