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
15 Jun 2017

EUR/USD looks vulnerable below 1.1165, focus shifts to US data

The EUR/USD pair is back on the offers, despite negative European equities, as the greenback extends post-FOMC gains against most of its major peers.

EUR/USD faces rejection near 10-DMA at 1.1226

The spot failed to take-out stiff resistances lined up near 1.1225 region, and fell back into losses amid notable US dollar demand across the board backed by renewed strength seen in shorter-duration Treasury, which usually mimics the Fed rate hike expectations. Meanwhile, the USD index is printing fresh daily tops at 97.21, up +0.30% on the day.

The Fed hiked rates yesterday by 25 bps, as widely expected, but it was the balance sheet normalization plan unveiled that offered markets a hawkish surprise. Moreover, Yellen sounded upbeat on the economic prospects, leaving doors open for one more rate hike this year.

The EUR/USD pair remains under pressure also on the back of divergent monetary policy outlooks between both continents. Focus now shifts towards the jobless claims, industrial production and Philly Fed manufacturing index, all of which could offer fresh impetus to the buck.

EUR/USD Technical Levels

Karen Jones, Analyst at Commerzbank notes: “EUR/USD continues to struggle at 1.1300: The Euro continues to hold below the 1.1300 November 2016 high, and the minor new high seen yesterday was not confirmed by the daily RSI. The near term risk is that losses will extend to the 2 month uptrend at 1.1166. Below here would allow for allow for a retracement back to circa 1.1010. This guards the 200 day ma at 1.0824. Intraday rallies are indicated to struggle circa 1.1240.” 

Jun 15, 2017

WTI looks to find traction below $45.00/bbl

Crude oil prices remain under pressure during the second half of the week, with the barrel of West Texas Intermediate around $44.70. WTI weaker, in 6
Read more Previous
Jun 15, 2017

EUR/GBP stuck in a range around 0.88 handle, awaits BOE for fresh impetus

The EUR/GBP cross swung between a low of 0.8780 and highs of 0.8807 but struggled for a firm direction as investors remained on the sideline ahead of
Read more Next