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
20 Jul 2021

EUR/USD remains under pressure, at three-month lows near 1.1750

  • US dollar remains strong across the board, even as markets recover.
  • EUR/USD heads for the lowest daily close since early April.

The EUR/USD pair rebounded to 1.1780; however it quickly pulled back to the 1.1750 area. The euro bottomed hours ago at 1.1754, the fresh three-month lows, and it remains under pressure, even as Wall Street recovers after Monday’s slide.

The Dow Jones is rising by 1.60%, and the Nasdaq climbs 1.30%. The improvement in risk sentiment alleviated the bullish tone of the US dollar but, so far, did not trigger any sharp corrections.

The greenback is even higher versus the Japanese yen on Tuesday, boosted by a rebound in US yields. The US 10-year yield rose from monthly lows near 1.12% back above 1.20%. The sell-off in bonds is helping the dollar.

Market attention continues to be on the stock and bond market. For the EUR/USD a key event will be on Thursday with the European Central Bank meeting. The first one since the new strategy so some changes to the language are expected.

The EUR/USD goes into the meeting trading at the lowest level since April. Currently is testing the 1.1760/70 support band. A consolidation below would open the doors to more losses.

Technical levels

 

Jul 20, 2021

New Zealand GDT Price Index: -2.9% vs -3.6%

New Zealand GDT Price Index: -2.9% vs -3.6%
Read more Previous
Jul 20, 2021

US: Home building regains momentum as supply shortage begin to ease – Wells Fargo

Housing data released on Tuesday came in mixed. Housing starts rose 6.3% in June to a 1.643 million-unit pace, with both single-family and multifamily
Read more Next