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
3 Aug 2021

USD/CHF extends slide to fresh 7-week lows, closes in on 0.9000

  • USD/CHF is falling for the seventh straight day on Tuesday.
  • Consumer sentiment in Switzerland improved sharply in July.
  • US Dollar Index stays in the red below 92.00.

The USD/CHF pair closed the first day of the week in the negative territory and extended its slide during the European trading hours on Monday. After touching its lowest level since mid-June at 0.9022, the pair seems to have gone into a consolidation phase and was last seen losing 0.27% at 0.9030. 

CHF capitalizes on upbeat sentiment data

Earlier in the day, the data from Switzerland showed that the general consumer confidence improved sharply in July with the Consumer Sentiment Index rising to its stronger level since July 2010 at 8. "Expectations of general economic growth, in particular, contributed to the strong improvement in consumer sentiment, the sub-index climbing to its highest value (48 points) since the survey began in 1972," the SECO noted in its publication and the CHF gather strength following the release of this report.

On the other hand, the greenback remains on the back foot and allows USD/CHF to preserve its bearish momentum. The US Dollar Index is currently losing 0.14% on the day at 91.93. 

Later in the session, June Factory Orders, IBD/TIPP Economic Optimism Index and July Total Vehicle Sales data will be featured in the US economic docket. In the meantime, major equity indexes remain on track to start the day in the positive territory, suggesting that the USD could have a hard time staging a rebound even if the data come in better than expectations.

Technical levels to watch for

 

Aug 3, 2021

EUR/JPY Price Analysis: Initial support emerges around 129.50

EUR/JPY trades with small gains in the upper-129.00s after re-testing the support zone around 129.60/50. If the cross breaches this area of contention
Read more Previous
Aug 3, 2021

USD/CLP: Peso to face downside pressure due to elections and FED tapering – MUFG

In July the Chilean peso weakened from 728.81 to 760.81 against the US dollar. Economists at MUFG Bank expect CLP to remain under pressure in the seco
Read more Next