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

ECB won by targeting Foreign Reserves – SG

FXStreet (Guatemala) - Sebastien Galy, analyst at Societe Generale explained that the EUR/USD is now most likely a sell on rallies.

Key Quotes:

“…as foreign reserves reallocate into the higher yielding UST curve helping to cap the back end and likely investing in some key EM curves”.

“This confirms that the ECB won the game on EUR/USD by changing the dynamic of reserve diversification into EUR which had kept EUR very expensive and deflationary pressures considerable”.

“Reserve selling should pressure EUR/USD lower the prospect of a Greek election increases credit risk in the Eurozone”.

“It also increases the odds of ECB easing as does ever lower oil prices. Faced with these twin hammers on EUR reserves, the amount of EUR selling may remain considerable helping the downward EUR/USD trend”.

“Compensating this partly are hopefully rising export revenues as the EUR weaken. The Japanese experience suggests considerable patience on this mechanism”.

AUD/USD: Key levels for 2015

AUD/USD is trading at 0.8175, down -0.06% on the day, having posted a daily high at 0.8218 and low at 0.8159.
Read more Previous

China NBS Manufacturing PMI meets expectations (50.1) in December

Read more Next