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.
Cancel Confirm
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.
Confirm
Trading news
Back
17 May 2025

Moody's downgrades US debt to AA1, citing rising interest costs and unsustainable debt growth

Moody's Ratings agency downgraded the US's sovereign debt credit rating after the market close on Friday. According to Moody's, the US is facing rising debt funding costs that far exceed those of similar government debt loads. Moody's specifically highlighted US interest obligations "that are significantly higher than similarly rated sovereigns".

Moody's has lost faith that the US government will be able to make and execute multi-year reduction plans for reducing its deficits and debt and stating, "Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs."

Key highlights

United States ratings cut to Aa1 from AAA.

The US' long-term local and foreign-currency country ceilings remain at AAA.

We do not expect that the US' long-term growth will be significantly affected by tariffs.

We recognize the US' significant economic & financial strengths, and believe these no longer fully counterbalance decline in fiscal metrics.

We anticipate US' Federal debt burden will rise to about 134% of GDP by 2035, compared to 98% in 2024.

May 17, 2025

NZD/JPY price analysis: Cross struggles to maintain upward momentum

The NZD/JPY pair is attempting to hold on to modest gains as it trades near the 85.70 zone ahead of the Asian session on Friday.
Read more Previous
May 17, 2025

Silver Price Forecast: XAG/USD slips as US yields rebound, hovers below $32.50

Silver prices edged lower on Friday, with losses of over 1%, set to end the week on a negative note amid rising US Treasury yields, which staged a comeback late during the North American session. The XAG/USD trades at $32.26 after hitting a daily peak of $32.68 at the time of writing.
Read more Next