Mengonfirmasi Anda bukan dari AS atau Filipina

Dengan memberikan pernyataan ini, saya secara tegas menyatakan dan mengonfirmasikan bahwa:
  • Saya bukan warga negara atau penduduk AS
  • Saya bukan penduduk Filipina
  • Saya, secara langsung maupun tidak langsung, tidak memiliki lebih dari 10% saham/hak suara/kepentingan dari penduduk AS dan/atau tidak mengontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berada di bawah kepemilikan langsung atau tidak langsung untuk lebih dari 10% saham/hak suara/kepentingan dan/atau berada di bawah kontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berafiliasi dengan warga negara atau penduduk AS dalam hal Bagian 1504(a) dari FATCA
  • Saya menyadari tanggung jawab saya jika membuat pernyataan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah dependen AS disamakan dengan wilayah utama AS. Saya berkomitmen untuk membela dan membebaskan Octa Markets Incorporated, direktur dan pejabatnya dari klaim apa pun yang timbul akibat atau terkait dengan pelanggaran apa pun atas pernyataan saya.
Batalkan Konfirmasi
Kami berkomitmen menjaga privasi dan keamanan informasi pribadi Anda. Kami hanya mengumpulkan email untuk menyediakan penawaran khusus dan informasi penting tentang produk dan layanan kami. Dengan memberikan alamat email, Anda setuju untuk menerima surat tersebut dari kami. Jika Anda ingin berhenti berlangganan atau memiliki pertanyaan maupun permasalahan, silakan hubungi Layanan Pelanggan kami.
Konfirmasi
Berita trading
Back
5 Aug 2019

EUR/JPY: Defies gravity and corrects towards 38.2% Fibo and 119 handle

  • EUR/JPY takes on bears all the way through to 38.2% fibo resistance area. 
  • Global stocks in a sea of red, market correlation broken down on Dollar weakness. 

Despite risk-off markets and lower global equities, EUR/USD is +0.44% at the time of writing, recovering from a low of 117.67 and scoring a high of 118.93. Global equities are a sea of red. U.S stocks have hit new session lows today so far with Dow sliding more than 700 points and over  2.6%; Nasdaq falling more than 3%. 

The European closes were as follows:

  • German DAX -1.7%
  • UK FTSE 100 -2.4%
  • French CAC -2.2%
  • Italy MIB -1.3%
  • Spain IBEX -1.4%

This all follows a rout in Asia after the mixed stories with respect to China's retaliation to the recent tariff announcements by the U.S. administration as well as the PBoC fixing USD/CNY over 6.90 which sent the Yuan on a tear tot he downside vs the Greenback and markets into major risk-off mode.

EUR/JPY is usually closely correlated to global equities, so it is hard to see the crossable to sustain this correction. However, the Dollar has given back territory as markets price in the likelihood of a Federal Reserve rate cut as soon as September following today's miss in US data - The chance of a 50 BP cut in September is up to 39%. It was below 5% last week. This, in turn, is weighing on US yields and supporting EUR crosses higher. Subsequently, EUR/JPY is heading towards 38.2% Fibo and the 119 handle. Indeed, EUR/USD is up 0.91% as one of the strongest currencies along with the Swiss Franc, (risk-off). However, the eurozone is hardly a bright spot of economic prosperity and the European Central Bank is a dovish playbook, so it may be just a matter of time before EUR/JPY heads back on a more logical course with the 2017 low back in focus. 

EUR/JPY levels

Analysts at Commerzbank explained that EUR/JPY accelerated lower at the end of last week:

"It has reached the 117.85 January spike low, we have a 13 count and it is possible that we will see some consolidation ahead of another leg lower. This guards the 114.86 2017 low. The break lower last week saw the market erode a 2012-2019 support line and this leaves a negative bias entrenched. Rallies will now find initial resistance at the 120.06 25th July low and the 20 day ma at 120.80. Key short term resistance is the 55 day ma and the 3 month downtrend at 121.70/63. The market will need to regain this to reassert upside interest."

 

 

Aug 5, 2019

EUR/CHF: Risk-off and dovish ECB calls for SNB intervention – Danske Bank

According to analysts from Danske Banky, intervention from the Swiss National Bank (SNB) might be the only thing stopping EUR/CHF from falling deeply
Baca selengkapnya Previous
Aug 5, 2019

Fed's Brainard and George: Monitoring market developments closely

Both Fed's George and Brainard have said that market developments are being monitored closely. Key comments: Fed's George: Best we can do is monitor m
Baca selengkapnya Next