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 Jan 2025

USD/CNH: Above 7.3250 the 7.3700 level to come into view – UOB Group

US Dollar (USD) is expected to continue to trade in a range, most likely between 7.3350 and 7.3550. In the longer run, upward momentum is beginning to fade; a breach of 7.3250 would suggest that 7.3700 is not coming into view, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.   

Upward momentum is beginning to fade

24-HOUR VIEW: “USD traded in a quiet manner two days ago. Yesterday, we indicated that ‘momentum indicators are turning flat, suggesting further range trading today, probably in a range of 7.3380/7.3580.’ USD then traded between 7.3351 and 7.3511, closing largely unchanged at 7.3484 (+0.04%). Momentum indicators remain flat, and we continue to expect USD to trade in a range, most likely between 7.3350 and 7.3550.”

1-3 WEEKS VIEW: “We have held the view that ‘there is room for USD to retest the 7.3700’ since early last week. On Tuesday (14 Jan, spot at 7.3410), we noted that ‘upward momentum is beginning to fade, and a breach of 7.3250 (‘strong support’ level) would suggest that 7.3700 is not coming into view.’ While USD has not been able to make any headway on the upside, we will maintain our view for now.”

Jan 16, 2025

Aluminum gets a short boost – ING

LME aluminum prices touched their highest in nearly a month this Wednesday, topping $2,600/t following the news that the European Union is considering more sanctions on Russian aluminum products. Prices later gave up the gains, ING’s commodity analyst Ewa Manthey notes.
Read more Previous
Jan 16, 2025

Oil: US crude stocks fall – ING

Oil prices continued their move higher yesterday with ICE Brent breaking above US$82/bbl and trading to its highest level since August 2024, ING’s commodity analyst Warren Patterson and Ewa Manthey note.
Read more Next