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 pressured, giving back a 61.8% retracement of the eurozone data bid

  • EUR/GBP runs into a roadblock, capped by US session supply.
  • UK budget back in focus as a play-off with the BoE aha of official UK/EUR trade talks next month. 

EUR/GBP has been capped in the up-surge during the New York session, despite improved sentiment in the eurozone's economic data and has given back a 61.8% Fibonacci retracement on the day so far. At the time of writing, EUR/GBP is trading at 0.8376 having travelled between a low of 0.8355 and a high of 0.8415. 

While the eurozone data made for a sigh of relief, in that consumer confidence was strengthening in February despite the coronavirus scare, in data which is presumed to potentially prevent a contraction in the first quarter's growth outcome, markets still anticipate a weak eurozone economic performance owing to weakness in exports and business investment. 

Instead, we are seeing continued good news from the UK data, despite the Brexit uncertainties which is where the focus lies for the cross. The UK is bouncing back after the intense fourth quarter's uncertainty. Retail Sales surprised slightly to the upside at +0.9% MoM in January, unwinding part of the -1.4% cumulative decline in Nov-Dec.

"Overall retail sales are sitting at around the same level that they were in May, so while today's result is a bit better than expected, the big picture trend in sales is hardly impressive," analysts at ANZ Bank explained. However, bulls are unlikely to get too heavily invested all the while the short-term sentiment remains dominated by the upcoming trade talks with the EU and the coronavirus. 

The bid from Bank of England vs fiscal stimulus to fall out of GBP?

As for the play-off between the Bank of England and fiscal stimulus, which the pound got a boost from earlier this month following a surprise resignation from the Chancellor, Sajid Javid, subsequently replaced by Rishi Sunak, the UK budget now confirmed to be announced on 11 March. However, analysts at TD Securities anticipate the new Chancellor to hold to existing fiscal rules: (1) balance the current budget (day-to-day spending) by 2023, (2) keep net investment below 3% of GDP, (3) reassess plans if debt interest surpasses 6% of GDP.

"Given the distinct possibility that UK-EU trade talks will fail to progress and an agreement will not be reached by end-2020, appointing Sunak (a Brexiteer, and a strong advocate of divergence) No.10 may be aiming to avoid Treasury resistance to a ‘no deal’ Brexit,"

the analysts argued, which, in turn, could strip the point of some of its appeal, especially should UK data take a turn for the worst or negotiations that are due to formally kick off next month fail to deliver positive headlines in the press. 

EUR/GBP levels

 


 

 

US Dollar Index Asia Price Forecast: DXY on track to close above 2019 high, nearing the 100 figure

The US dollar index (DXY) is about to have a daily close above the 2019 high (at 99.67) as the market is nearing the 100 psychological level.
Baca lagi Previous

Wall Street close: US benchmarks bleedout as coronavirus spread alarms investors

Despite upbeat data from the nation, US benchmarks were ending the day lower on Thursday, capping the S&P 500 and Nasdaq Composite from their record f
Baca lagi Next