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 Feb 2022

EUR/USD: Euro to lose interest on soft EU inflation data

The EUR/USD pair seems to have gone into a consolidation phase below 1.1300 as investors await EU inflation data. Euro could lose traction on soft EU inflation print, FXStreet’s Eren Sengezer reports.

Euro faces stiff resistance levels at 1.1300 and 1.1320

“The Consumer Price Index (CPI) in the euro area is forecast to edge lower to 4.4% on a yearly basis in January from 5% in December. A weaker-than-expected CPI print could make it difficult for the shared currency to continue to outperform the greenback. On the other hand, EUR/USD could gather further bullish momentum in case inflation proves to be hotter than expected in January.”

“In order to extend its recovery, EUR/USD needs to overcome 1.1300, where the Fibonacci 50% retracement of the two-week-long downtrend is located. Above that level, the 200-period and the 100-period SMAs on the four-hour chart form stiff resistance at 1.1320 before the pair could target 1.1340 (Fibonacci 61.8% retracement).”

“On the downside, 1.1260 (Fibonacci 38.2% retracement) aligns as first support. If this level turns into resistance, additional losses toward the 1.1210/1.1200 area (Fibonacci 23.6% retracement, psychological level) could be witnessed.”

 

Feb 2, 2022

GBP/USD: Hawkish BoE to provide little impetus to the pound – BofA

Economists at Bank of America Global Research expect the Bank of England (BoE) to hike 25bp at its meeting this week, then 25bp in May and August. Non
Read more Previous
Feb 2, 2022

NZD/USD to turn back higher later in 2022 – MUFG

The New Zealand dollar has been trending weaker in recent months. Economists at MUFG Bank expect the kiwi to recover later in 2022 as the Reserve Bank
Read more Next