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
27 Jul 2020

USD/CNH faces a tough hurdle around 7.0400 – UOB

According to FX Strategists at UOB Group, further upside momentum in USD/CNH is expected to meet resistance in the 7.04 region.

Key Quotes

24-hour view: “Our expectation for USD to consolidate was incorrect as it soared to a high of 7.0301 before dropping back down to close little changed at 7.0144 (+0.02%). USD opened on a weak note this morning and while downward momentum is not exactly strong, USD could drift lower to 6.9920 (minor support is at 7.0000). Resistance is at 7.0150 followed by 7.0220.”

Next 1-3 weeks: “We have expected USD to weaken since early this month and in our latest update yesterday (22 Jul, spot at 6.9720), we indicated that ‘the odds for a move to 6.9500 have increased’. USD subsequently eked out a fresh low of 6.9645 before staging a dramatic reversal that sent it to a high of 7.0174. The break of our ‘strong resistance’ level at 6.9920 indicates that USD is no more under pressure. The current USD strength is viewed as part of a corrective rebound but at this stage, any advance is expected to face solid resistance at 7.0400. On the downside, the ‘strong support’ level is at 6.9750.”

 

Jul 27, 2020

Forex Today: Gold steals the show, dollar keeps falling amid US-China feud, economic woes

Here is what you need to know on Monday, July 27: Two main themes have played out kicking-off this week on Monday, the Gold surge to fresh all-time hi
Read more Previous
Jul 27, 2020

GBP/USD eases from multi-month tops, still well bid above 1.2800 mark

The GBP/USD pair shot to its highest level since March 11 during the Asian session, albeit retreated few pips thereafter and was last seen hovering ar
Read more Next