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
11 Aug 2014

EUR/USD pausing ahead of a continuation

FXStreet (Guatemala) - EUR/USD is trading at 1.3384, down -0.18% on the day, having posted a daily high at 1.3413 and low at 1.3380.

EUR/USD has seen some selling pressure ahead of a week that will start to pick up. We get the CPI’s for the EZ. From the US, we see Retail Sales on Wednesday and Industrial Production, the Empire State Manufacturing index and the Univ. of Michigan's Confidence index will then come in in Friday.

EZ enjoys no momentum

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the available data indicates that the euro zone economy enjoys no momentum. “Questions have been raised whether the growth it has reported (0.2% in Q1) is sufficient to signal that the recession has truly ended. Draghi's formulation of the recovery being weak, fragile, and uneven is not inconsistent with this view."

EUR/USD resting up before further downside

Analysts at TD Securities explained that technically, the EUR/USD price signals suggest some risk of a bounce near-term; above 1.3425/35 may see the EUR rally to the low 1.35s before the downtrend resumes.

EUR/USD hourly levels

Current price is 1.3385, with resistance ahead at 1.3391 (Hourly 200 SMA), 1.3391 (Hourly 20 EMA), 1.3392 (Weekly Classic PP), 1.3395 (Daily Classic PP) and 1.3413 (Daily Open). Next support to the downside can be found at 1.3380 (Daily Low), 1.3377 (Hourly 100 SMA), 1.3363 (Monthly Low), (Weekly Low) and (YTD Low).
Aug 11, 2014

USD/CAD finds support at 1.0920; back to 1.0930

After falling around 60 pips from 1.0975, the USD/CAD seems to have found some support at the 1.0920 area.
Read more Previous
Aug 11, 2014

EUR further weakness to materialise - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explains "Technically, EUR/USD studies are warning of a period of rest before there is enough momentum to push EUR to a fresh low.
Read more Next