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/CNH: Room for another leg lower towards 7.2200 before stabilization – UOB Group

As long as any recovery in US Dollar (USD) remains below 7.2500 vs Chinese Yuan (CNH), there is room for another leg lower towards 7.2200 before stabilization can be expected. In the longer run, while there has been no significant increase in momentum, USD could potentially drop to 7.2000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. 

USD can potentially drop to 7.2000

24-HOUR VIEW: "Two days ago, USD rose to a high of 7.2697 before closing at 7.2637. Yesterday, we highlighted that 'despite the advance, there has been no significant increase in momentum, and instead of continuing to rise, USD is more likely to trade in a 7.2400/7.2700 range.' Instead of trading in a range, USD fell, reaching a low of 7.2250 in late NY trade. The sharp drop appears to be overdone, and while USD could recover today, as long as 7.2500 is not breached, there is potential for further downside toward 7.2200 before stabilization can be expected. The major support at 7.2000 is unlikely to come into view today." 

1-3 WEEKS VIEW: "In our most recent narrative from last Thursday (06 Mar, spot at 7.2440), we indicated that 'the downward pressure remains intact, and should USD break below and hold below 7.2260, the next level to watch is 7.2000.' Yesterday (Tuesday), USD fell slightly below 7.2260 (low of 7.2250). While there has been no significant increase in downward momentum, USD could potentially drop to 7.2000. We will hold the same view, provided that the ‘strong resistance’ at 7.2650 (level previously at 7.2800) is not breached."

China: FDI no longer a two-way street – Standard Chartered

China has turned into a FDI net exporter since 2022, with inward flows collapsing to USD 4.5bn in 2024.
Read more Previous

Germany 10-y Bond Auction up to 2.92% from previous 2.52%

Germany 10-y Bond Auction up to 2.92% from previous 2.52%
Read more Next