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
16 Mar 2020

FTSE MIB: Crucial support at 17914/17333 broke – Credit Suisse

As the market remains clearly below its 200-day average, currently at 22329, the FTSE MIB is heading toward the 2016 low at 15017, according to economists at Credit Suisse.

Key quotes

“Italy FTSE MIB continues to fall sharply after reversing from its key long-term resistance at 24558/570 – the series of highs stretching back to 2009 and 38.2% retracement of the entire 2007/2012 bear market, in line with its recent large ‘bearish outside month’.”

“The market is now testing below the key 17914/17333 support zone and although we are watching carefully for signs of a reversal from here, if 17914/17333 is broken on a weekly closing basis it would complete a major ‘double top’ to suggest further weakness toward the 2016 low at 15017 and even beyond.”

“A move back above distant 21151/22035 gap resistance would ease the current pressure and then likely lead to a test of the 200-day average, currently at 22329.”

 

Mar 16, 2020

USD/KRW: Bank of Korea cuts interest rate by 50bp to 0.75% in response to coronavirus crisis

more to come
Read more Previous
Mar 16, 2020

EUR/USD: Faced rejection near the 1.1200 round-figure mark

EUR/USD remained depressed on Friday and retested weekly lows, near the 1.1055 area. Haresh Menghani, an analyst at FXStreet, takes a look at the pair
Read more Next