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 2021

EUR/JPY looks offered, returns to the sub-130.00 area

  • EUR/JPY’s upside faltered once again in the low-130.00s.
  • Lower US yields favour underpin the demand for the yen.
  • Markets’ attention will be on the US calendar later in the session.

The better note in the dollar weighs on the sentiment surrounding the European currency and collaborates with the ongoing corrective downside in EUR/JPY on turnaround Tuesday.

EUR/JPY focuses on risk trends, US data

After two consecutive daily advances, EUR/JPY now loses the grip and recedes to the area below the psychological 130.00 mark amidst the resumption of the dollar demand and diminishing US yields.

In fact, the risk-off mood appears to have returned to the markets and forces the riskier assets to shed part of the recent advance, while market participants remain somewhat wary ahead of the FOMC event due on Wednesday.

Later in the docket, investors’ attention will be on the release of the key Consumer Confidence gauged by the Conference Board and the Durable Goods Orders seconded by house prices and the Richmond Fed Index.

Earlier in the session, the ECB’s M3 Money Supply expanded 8.3% on a year to June while Private Sector Loans expanded 4.0% on a yearly basis.

EUR/JPY relevant levels

So far, the cross is gaining 0.32% at 129.84 and a surpass of 130.35 (weekly high Jul.26) would expose 130.67 (38.2% Fibo of the January-June rally) and then 131.08 (weekly high Jul.13). On the downside, immediate support is located at 128.59 (monthly low Jul.20) seconded by 128.54 (61.8% Fibo of the January-June rally) and finally 128.50 (200-day SMA).

Jul 27, 2021

Gold Price Forecast: XAU/USD treads water near $1,800, bearish bias stays intact

The XAU/USD pair closed the first day of the week in the negative territory. Although the US Dollar Index edged lower, the risk-positive market enviro
Read more Previous
Jul 27, 2021

When are the US durable goods orders and how could they affect EUR/USD?

Tuesday's US economic docket highlights the release of Durable Goods Orders data for the month of June. The US Census Bureau will publish the monthly
Read more Next