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
Test
Trading news
Back
19 Oct 2020

EUR/USD looks firmer and approaches 1.1800

  • EUR/USD extends the upside to the boundaries of 1.1800.
  • Market chatter on US stimulus package gives legs to the pair.
  • Fed’s Powell participates in a discussion panel on digital currencies.

The European currency and its risk-associated peers trade on a better mood and pushes EUR/USD to the proximity of the 1.18 barrier.

EUR/USD underpinned by risk appetite

EUR/USD has managed to test the area of 1.1790, an interim hurdle where sits the 55-day SMA, although the upside momentum lost some vigour on Monday.

In the meantime, renewed hopes of another package of US fiscal stimulus have been sustaining the improved sentiment in the risk complex, pushing high-beta currencies, stocks and yields higher at the beginning of the week.

On another front, ECB Chief C.Lagarde said earlier in the session that climate change is expected to affect monetary policy in the future, while VP L. De Guindos said the economic recovery seems to be losing some traction.

Nothing relevant from Powell’s discussion on digital currencies other than the Fed has not made a decision on the issue. Later in the week, the release of advanced PMIs in the region is forecasted to grab all the attention.

What to look for around EUR

EUR/USD extends the bounce off last week’s lows in the 1.1690/85 band. The outlook on EUR/USD still remains constructive, however, and bearish moves are deemed as corrective only. Further out, the positive bias in the euro remains underpinned by auspicious results from domestic fundamentals (despite momentum appears somewhat mitigated in several regions), the so far cautious stance from the ECB and the solid position of the EMU’s current account.

EUR/USD levels to watch

At the moment, the pair is gaining 0.58% at 1.1781 and a breakout of 1.1830 (monthly high Oct.9) would target 1.1917 (high Sep.10) en route to 1.1965 (monthly high Aug.18). On the other hand, the next support is located at 1.1688 (monthly low Ot.15) followed by 1.1612 (monthly low Sep.25) and finally 1.1495 (monthly high Mar.9).

Oct 19, 2020

USD/JPY flirts with session lows, around 105.30 region

The intraday USD selling bias picked up pace during the mid-European session and dragged the USD/JPY pair to daily lows, around the 105.30 region in t
Read more Previous
Oct 19, 2020

USD/CAD remains depressed near session lows, around 1.3165 region

The USD/CAD pair traded with a mild negative bias through the early North American session and was last seen hovering near the lower end of its daily
Read more Next