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
7 Feb 2019

EUR/USD comes down to test 1.1330, 200-week SMA

  • Spot comes under further pressure near 1.1330.
  • The march north in the greenback remains unabated.
  • German Industrial Production contracted 0.4% MoM in December.

Another bout of selling pressure is now pushing EUR/USD to visit the 1.1330 area, where sits the critical 200-week SMA.

EUR/USD navigates 2-week lows

There seems to be no respite for the shared currency this week, now forcing spot to drop further and test fresh mutli-day lows in the 1.1330 area.

The march north in the greenback, in the meantime, stays well and sound for the sixth session in a row so far today, always on the back of the persistent deterioration in the sentiment surrounding the risk-associated complex.

Earlier in the session, German Industrial Production contracted 0.4% MoM during the last month of 2018, showing some improvement from November’s 1.3% contraction.

Across the pond, Fed’s mega-dovish VP R.Clarida is due to speak, whereas weekly Initial Claims and Consumer Credit figures will be published in the calendar.

What to look for around EUR/USD

The extent and duration of the slowdown in Euroland continues to be in centre stage following recent figures from Q4 GDP in the bloc and the persistent negative streak from German fundamentals. On the political scenario, May’s EU parliamentary elections should start to gather relevance with the days, paying special attention to the potential advance of populism in the region.

EUR/USD levels to watch

At the moment, the pair is losing 0.23% at 1.1336 and a break below 1.1331 (low Feb.7) would aim for 1.1329 (200-week SMA) en route to 1.1289 (2019 low Jan.24). On the other hand, the next hurdle emerges at 1.1390 (55-day SMA) seconded by 1.1433 (100-day SMA) and finally 1.1442 (38.2% Fibo of the September-November drop).

Feb 7, 2019

WTI inching higher, retests the $54.00 mark

Prices of the American reference for the sweet light crude oil are looking to add to Wednesday’s gains above the key $54.00 mark per barrel. WTI supp
Read more Previous
Feb 7, 2019

Italy EconMin Tria: No need for budgetary adjustment

Italian Economy Minister Giovanni Tria recently crossed the wires arguing there was currently no need for a budgetary adjustment. Key quotes (via Reu
Read more Next