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

The main tailwind for USD is fading fast – HSBC

USD strength has been a very consistent story over the past two years. However, economists at HSBC note that the main tailwind for the Dollar is quickly falling away. 

Upgrade of EUR and GBP to a neutral view

“USD benefited from the leadership of the Fed in setting the pace of monetary policy tightening and an attractive rate pickup compared to many other G10 currencies. But as we get closer to peak rate levels, we think those rate differentials are unlikely to widen further, and the gap may even narrow with some countries. As a result, the main tailwind for USD is fading fast.”

“USD will still get some support, however, from weakening global economic growth, relative economic resilience in the US and mixed-to-weak risk appetite.”

“We recently downgraded USD to neutral; upgraded EUR and GBP to a neutral view; and JPY and SGD to a bullish view.”

 

USD/CAD’s rebound from 1.3485 loses steam above 1.3600

The US Dollar is treading water in the vicinity of 1.3600 on Thursday, following a solid recovery on Wednesday. The pair’s run-up from 1.3485 was capp
Read more Previous

AUD/USD rises from three-day lows to 0.6765 as risk appetite improves

The AUD/USD pair rebounded from levels near 0.6700 and printed a fresh daily low at 0.6764 during the American session amid a rally in equity prices i
Read more Next