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

USD exchange rates will not have to remain as firmly anchored until US inflation data – Commerzbank

EUR/USD has hardly moved at all since Monday night. That does not necessarily mean that today nothing can happen, in the opinion of Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank.

Waiting for US data

“If one believes in surprisingly high inflation levels that will be done with USD longs, if one believes in surprisingly low inflation, USD shorts will be used. However, any market participants who want to implement such bets would be well advised to wait as long as possible before implementing these positions. Not until one minute before the publication of the data.”

“The longer the period until the event that you are betting on, the more can happen in the meantime. And that creates the risk that one might lose after all – even own inflation projections turned out to be correct.”

“All moves that we see until then can be interpreted as a bet on this data publication and are likely to be revised to a considerable extent if the data turns out differently.”

ECB deposit rate, market interest rate and OIS-based market expectations

Source: ECB, Bloomberg, Commerzbank Research

USD/JPY sticks to the consolidative theme – UOB

Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group note USD/JPY is still expected to navigate between 130.50 and 134.50 in the n
Read more Previous

Natural Gas Futures: Extra losses appear favoured in the short term

CME Group’s flash data for natural gas futures markets showed another daily build in open interest on Tuesday, now by around 16.6K contracts. On the o
Read more Next