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

Open trading account

Trading news

Back

2 Feb 2022

EUR/JPY Price Analysis: Still scope for further rebound

EUR/JPY resumes the downside following Tuesday’s downtick.
Next on the upside comes the 200-day SMA near 130.50.

EUR/JPY trades in the upper end of the weekly range further north of the key 129.00 hurdle midweek.

In light of the recent price action, further recovery in the cross could be in the pipeline in the short term. Against this, there is an interim hurdle at the 100-day SMA at 129.88, just ahead of 130.08 (high January 20). The surpass of the latter should put a move to the 200-day SMA, today at 130.45, back on the radar.

While below the 200-day SMA, the outlook for the cross is expected to remain negative.

EUR/JPY daily chart

Feb 2, 2022

Canada Building Permits (MoM) came in at -1.9%, below expectations (-1.5%) in December

USD/CAD struggles near weekly low, around mid-1.2600s amid bullish oil prices/weaker USD

The USD/CAD pair witnessed fresh selling during the early North American session and dropped to a fresh weekly low, around mid-1.2600s in reaction to