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
Trading news
Back
15 Jan 2025

EUR/USD: The pair enters a range trading phase – UOB Group

There has been a tentative buildup in momentum; Euro (EUR) could rise to 1.0325, potentially reaching 1.0350. In the longer run, EUR has entered a range trading phase; it is likely to trade between 1.0220 and 1.0400 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/USD likely to trade between 1.0220 and 1.0400

24-HOUR VIEW: "Following EUR sharp rebound from 1.0176 on Monday, we indicated yesterday, when EUR was at 1.0265, that 'there is potential for EUR to rise further.' We also indicated that 'any advance is unlikely to break the strong resistance at 1.0310.' We pointed out that 'support levels are at 1.0235 and 1.0205.' The subsequent price movements were in line with our expectations, as EUR dipped to 1.0237 before rising to a high of 1.0308 in the late NY session. Upward momentum is beginning to build, albeit tentatively. Today, EUR could rise to 1.0325, potentially reaching 1.0350. Support levels are at 1.0275 and 1.0245."

1-3 WEEKS VIEW: "We revised our EUR view on Monday (13 Jan, spot at 1.0245), indicating that 'the risk for EUR has shifted to the downside, and the level to monitor is 1.0190.' After EUR dropped to 1.0176 and rebounded sharply, we indicated yesterday (14 Jan, spot at 1.0265) that 'downward momentum has slowed somewhat, but only a breach of 1.0310 (‘strong resistance’ level) would mean that the downside risk has subsided.' EUR rose to a high of 1.0308 during NY trade. While our ‘strong resistance’ level of 1.0310 has not been clearly breached yet, downward momentum has largely subsided. EUR has likely entered a range trading phase. For the time being, we expect it to trade between 1.0220 and 1.0400."

Jan 15, 2025

Pound Sterling faces pressure as UK inflation cools in December

The Pound Sterling (GBP) wildly reacts in Wednesday’s London session after the release of the United Kingdom (UK) Consumer Price Index (CPI) report for December, which revealed that inflationary pressures grew moderately.
Read more Previous
Jan 15, 2025

NZD/USD maintains position above 0.5600 ahead of US CPI Inflation

The NZD/USD cross extends its gains for the third consecutive day, trading near 0.5620 during European trading hours on Wednesday.
Read more Next