Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Octa trading broker
Buka akaun dagangan
Back

EUR/USD portrays pre-ECB anxiety around 0.9900, yields weigh on DXY ahead of US GDP

  • EUR/USD prints four-day uptrend as buyers jostle with four-month-old resistance line.
  • Lack of major data/events restricts immediate moves ahead of ECB, US GDP.
  • Hawkish central bank bets, downbeat PMIs fail to entertain bears.
  • Bulls would like to hear more about ECB’s QT as 75 bps rate hike is already given.

EUR/USD bulls struggle to keep the reins, despite printing a four-day uptrend around the fortnight top near 0.9900. In doing so, the major currency pair traces the sluggish markets heading into Tuesday’s European session.

It should, however, be noted that the US dollar’s weakness amid softer yields and an absence of Fedspeak allowed the buyers to keep the reins. Also likely to favor the upside momentum could be cautious optimism in the Asian session due to gains from China and Japan.

Furthermore, talks that the European Central Bank (ECB) is up for rolling back the bond actions to overcome covid-led woes, known as Quantitative Tightening (QT), also seem to underpin the EUR/USD upside momentum.

Additionally, the latest comments from the Fed policymakers haven’t been impressive amid concerns over easing the rate hike, which in turn allow the US dollar to retreat from the multi-year high. That said, the US Dollar Index (DXY) remains on the back foot around 111.85, taking rounds to intraday low while struggling to extend the week-start gains amid downbeat Treasury bond yields and cautious optimism in the markets.

The US 10-year Treasury yields remain pressured around 4.21%, down two basis points (bps) while the US stock futures and stocks in the Asia-Pacific region are mildly bid.

Moving on, Germany’s IFO sentiment figures for October will precede the second-tier US Housing data and Consumer Confidence to direct short-term EUR/USD moves. However, the pair is less likely to print any major moves, unless surprises erupt, but the buyers may keep the reins as the Fed hawks are obverting the pre-meeting silence period.

On Monday, fears of more tension concerning the West versus Russia issue and downbeat activity numbers for October, from the US, the UK and Europe, as well as Germany, favored the pair bears.

Technical analysis

EUR/USD pullback remains elusive beyond the one-month-old trend line support, close to 0.9700 at the latest. Meanwhile, a downward-sloping resistance line from early June around 0.9900 appears the key hurdle for the bulls before they challenge the monthly top near the parity level.

 

EUR/USD: Sustained gains seen above 0.9935 – UOB

UOB Group’s Markets Strategist Quek Ser Leang and Economist Lee Sue Ann see EUR/USD facing extra gains once 0.9935 is cleared. Key Quotes 24-hour view
Baca lagi Previous

USD/CHF reclaims 1.0000 figure despite a subdued DXY, US GDP data eyed

The USD/CHF pair has extended its recovery above 1.0004 in the Tokyo session after a rebound from 0.9980. The asset has picked bids despite a subdued
Baca lagi Next