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.
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.
Octa trading broker
Open trading account
Back

EU leaders urge gas price cap deal as level remains open

European Union governments have agreed on a 9th package of sanctions against Russia over Moscow's invasion of Ukraine, EU diplomats said.

Bloomberg reported that European Union leaders ''threw their weight behind a quick agreement on a natural gas price cap to put an end to months of political wrangling over an unprecedented intervention to contain the impact of an energy crisis. But they still have yet to settle on a price level.''

''At a summit in Brussels, the leaders agreed to a joint statement calling on the ministers to “finalize” on Monday their work on the so-called market correction mechanism. A deal on the gas price cap would also unlock a broader package of measures to rein in high energy prices that sent businesses and consumers reeling.''

Meanwhile, the package will be formalised through what the EU calls a "written procedure" by Friday noon.

"Sanctions agreed. Written procedure until tomorrow noon," one of the diplomats said.

WTI update

Meanwhile, WTI Price Analysis: Bears eye a break of $75.70 for the sessions ahead,  West Texas Intermediate WTI crude oil which climbed into resistance earlier this week on the back of restrictions on the flow between Canadian and the United States, has seen the bears move in at critical resistance:

WTI is in a bearish cycle, leaving the downside exposed. However, despite breaking the micro trendline, the structure at $75.70 is important and will need to be cleared to confirm the meanwhile downside bias.

 

Silver Price Analysis: Highs locked in, focus is on the downside on break of $22.9600

Silver has been on the back foot due to a rise in the US Dollar following hawkish outcomes from the central bank meetings this week. XAU/USD bears are
Read more Previous

United States Total Net TIC Flows rose from previous $30.9B to $179.9B in October

United States Total Net TIC Flows rose from previous $30.9B to $179.9B in October
Read more Next