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/GBP off multi-month lows, finds some support near 0.8500 mark

  • EUR/GBP witnessed some intraday selling on Wednesday and dropped to fresh multi-month lows.
  • A declining trend in Delta variant infections in the UK continued acting as a tailwind for the sterling.
  • A stronger USD capped gains for the British pound and helped limit any further losses for the cross.

The EUR/GBP cross dropped to fresh multi-month lows during the early European session, though managed to rebound few pips from the key 0.8500 psychological mark.

The cross witnessed some selling during the first half of the trading action on Wednesday and dropped to the lowest level since April 6. The British pound's relative outperformance against its European counterpart could be attributed to the declining trend in Delta variant infections in the UK.

In fact, new COVID-19 cases in Britain declined for the seventh consecutive day on Tuesday. Adding to this, UK’s top epidemiologist Neil Ferguson has said that the end of the pandemic in Britain could be just months away. This, in turn, was seen as a key factor that underpinned the sterling.

That said, the emergence of some fresh buying around the US dollar held traders from placing fresh bullish bets around the GBP. This, along with slightly oversold conditions on intraday charts, helped limit any further losses for the EUR/GBP cross and assisted bulls to defend the 0.8500 mark.

Meanwhile, a stronger USD exerted some downward pressure on the shared currency, which should keep a lid on any meaningful recovery for the EUR/GBP cross. Hence, it will be prudent to wait for some strong follow-through buying before confirming that the cross has bottomed out.

There isn't any major market-moving economic data due for release on Wednesday, either from the Eurozone or the UK. Hence, the key focus will remain on the FOMC decision, which might infuse some volatility in the markets and produce some trading opportunities around the EUR/GBP cross.

Technical levels to watch

 

Switzerland ZEW Survey – Expectations: 42.8 (July) vs previous 51.3

Switzerland ZEW Survey – Expectations: 42.8 (July) vs previous 51.3
Baca lagi Previous

US Dollar Index turns positive above 92.50 ahead of FOMC

The greenback regains some buying interest and manages to reverse the recent weakness, lifting the US Dollar Index (DXY) back above the 92.50 mark on
Baca lagi Next