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/JPY: Taking a breather? – Rabobank

This week’s slew of US data releases and next week’s Jackson Hole event should leave the market better informed about the potential reaction functions of US policymakers, though our central view is that the Fed will lower rates by 25 bps in September and again before the end of the year, Rabobank’s FX senior FX strategist Jane Foley notes.

Expect a move lower to 142 on a 6-month view

“If this week’s US data releases offer more reassurances that the US economy is only slowing moderately and the Fed is not behind the curve, the USD may benefit from a little additional relief. That said, at the same time, Harris’ performance in US political opinion polls suggest more reason for investors to hesitate with respect to ‘Trump trades’.”

“If Trump’s advantage in the polls continues to slip, this could lessen the USD’s potential in the weeks ahead. On August 6 we wrote that ‘we would expect the market to return to the business of evaluating fundamentals. In our view this will likely start with a recovery in the value of the USD over the coming days, though we expect that USD/JPY can still trend lower on a 3-to-6-month view’.”

“We adhere to that view, though the USD’s near-term adjustment may have now mostly run its course. USD/JPY looks to be carving out a new range, potentially in the 146/148 area in the coming weeks. We expect a move lower to 142 on a 6-month view, which would roughly coincide with expectations regarding the timing of the next BoJ rate hike.”

EUR/USD: Set to test resistance at 1.0950 – Scotiabank

Germany’s ZEW Investor Expectations Survey fell to 19.2 in August, weaker than expected and well down from July’s 41.8 read, Scotiabank’s chief FX strategist Shaun Osborne notes.
Read more Previous

United States Producer Price Index (YoY) came in at 2.2% below forecasts (2.3%) in July

United States Producer Price Index (YoY) came in at 2.2% below forecasts (2.3%) in July
Read more Next