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
30 Dec 2019

EUR/USD recovers to 1.1200 after sliding to 1.1180 area in early American session

  • US data shows larger-than-expected decline in international trade deficit
  • China's Vice Premier will reportedly travel to US to sign phase-one deal.
  • US Dollar Index rebound loses steam ahead of 97 handle.

The EUR/USD pair rose to its highest level in more than four months at 1.1211 earlier in the day but struggled to preserve its bullish momentum. With the upbeat data from the US helping the greenback recover the losses it suffered against its major rivals earlier in the day, the pair touched a session low of 1.1182. 

US Dollar Index rebounds modestly

The US Census Bureau reported that the international trade deficit in November narrowed to $63.19 billion to come in better than the market expectation of $68.75 billion and helped the US Dollar Index rebound.

Additionally, the 10-year US Treasury bond yield rose sharply to provide an additional boost to the USD after the South China Morning Post reported that China’s Vice Premier Liu He will be travelling to Washington later this week to sing the phase-one of the trade deal. At the moment, the 10-year T-bond yield is up more than 3% on the day. 

Nevertheless, the pair retraced its slide following the initial reaction and was last up 0.17% on the day at 1.1195. Moreover, the US Dollar Index, which turned flat at 96.90 earlier in the hour, is now erasing 0.22% at 96.80.

Technical levels to watch for

 

Dec 30, 2019

GBP/USD Price Analysis: 2019 is a pivotal year for the pound

The cable is trading off the 2019 high above the 1.3000 big figure. The market is also challenging a downward sloping 200-period weekly simple moving average
Read more Previous
Dec 30, 2019

ECB's Schnabel: ECB needs flexibility to reverse monetary policy if necessary

The European Central Bank (ECB) should not prefer the so-called "green assets" in its bond buying programme, incoming ECB board member Isabel Schnabel
Read more Next