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
19 May 2021

GBP/USD: Door open to a move to 1.4290 – UOB

According to FX Strategists at UOB Group, Cable’s outlook remains positive and could extend the upside to the 1.4290 level in the next weeks.

Key Quotes

24-hour view: “Our expectation for a stronger GBP was correct but we underestimated the strength of the rally as it surged to 1.4220 (we were of the view that 1.4200 is likely out of reach). The rally is deeply overbought but there is room for GBP to test the major resistance at 1.4235 first before easing. A move to the next major resistance at 1.4290 would come as a surprise. Support is at 1.4170 followed by 1.4140.”

Next 1-3 weeks: “We have held a positive view in GBP since early last week. After GBP pulled back sharply from 1.4167, we noted on Monday (17 May, spot at 1.4085) that GBP ‘has to close above 1.4160 before a sustained advance can be expected’. GBP soared to 1.4220 yesterday (18 May) before closing at 1.4189. The boost in momentum indicates that the next up-leg has started. A break of the major resistance at 1.4235 would shift the focus to 1.4290. Overall, GBP is expected to stay strong as long as it stays above 1.4100 (‘strong support’ level was at 1.4050 yesterday).”

May 19, 2021

Palladium Price Analysis: XPD/USD bulls seem tired above $2,900

Palladium (XPD/USD) battles 50-SMA, up 0.24% intraday around $2,915, heading into Wednesday’s European session. The bullion has been ignoring struggli
Read more Previous
May 19, 2021

Crude Oil Futures: Further downside in the pipeline

CME Group’s flash data for Crude Oil futures markets showed traders increased their open interest positions by more than 9K contracts on Tuesday, exte
Read more Next