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
2 Aug 2021

USD/TRY to stabilize below the 8.8057 all-time high – Commerzbank

The USD/TRY pair rallied to an all-time high at 8.8057. According to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, further consolidation below the mentioned peak is expected to be seen.

USD/TRY made an all-time high at 8.8057

“USD/TRY is still coming off its all-time high at 8.8057 below which the cross is still expected to consolidate. It is currently flirting with the 2021 support line at 8.4400 and may soon reach the June low at 8.2735.”

“Support below the next lower 8.2056 May low is seen at the 8.1300 late April low and also at the late November and December highs and April low at 8.0530/7.9775. Further down lies the March 8 high at 7.7881. Below it the March 17 high and March 23 low can be spotted at 7.6923/7.6413.” 

“Minor resistance sits at the 8.6274 late July high.” 

“If the all-time high at 8.8057 were to be overcome, the psychological 9.0000 mark and a daily 0.1 x 3 vertical Point & Figure target at 9.1000 may be reached.”

 

Aug 2, 2021

IMF: USD likely overvalued by 8.2% with a range of 5.2% to 11.2% during 2020

In its recently published External Sector Report, the International Monetary Fund noted that they have assessed the US dollar as likely overvalued by
Read more Previous
Aug 2, 2021

GBP/USD surrenders intraday gains, trades around 1.3900 ahead of US data

The GBP/USD pair retreated nearly 50 pips from daily swing highs and dropped to three-day lows, around the 1.3885-80 region in the last hour, albeit l
Read more Next