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

Flash: Bearish CHF outlook reiterated by IMF report – UBS

FXstreet.com (Barcelona) - According to the UBS Research Team, “Our bearish franc view is reinforced by the IMF's recent report – the IMF advises that 'if safe haven inflows return, the SNB should consider imposing a negative interest rate on bank excess reserves'.”

In essence, this would discourage inflows, and while 'negative interest rates have potential drawbacks, including possibly intensifying pressure in the mortgage market...these are likely to be less relevant under the current circumstances in Switzerland than in other countries'.

Indeed, a policy of negative interest rates may help the SNB with its dilemma of super-loose monetary conditions warding off currency appreciation but fuelling housing markets. This is because the impact of negative interest rates on mortgage rates depends on the pass-though. If banks cannot pass through negative rates to depositors, they may increase lending rates instead to compensate for the losses they would now face from keeping excess bank reserves at the central bank.

Flash: Gilts remain bearish below 118.64 level – RBS

Gilts remain bearish below 118.64, marking the 123.6% Fibonacci projection from the Feb-Mar impulse wave and a gap from 09/10 March.
Read more Previous

AUD/USD jumps to 0.9825 on pro-QE Bernanke

The AUD/USD has reacted to the upside following the Bernanke testimony and after jumping around 80 pips from 0.9755 the pair tested intra-day highs at 0.9825. Currently it's pricing at 0.9780.
Read more Next