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

Softer US payrolls data to keep rate hike plans intact – TDS

FXStreet (Barcelona) - FX Strategists at TD Securities are of the opinion that even if the US labour data came out soft, any probable USD setback might be short-lived, and Fed rate hike this year will remain in the picture.

Key Quotes

“This morning’s ADP report will provide some interest for the markets ahead of Friday’s NFP report. The ADP has tended to understate the initial NFP outcome at least in the past few months so something in the low 200k zone (in line with our forecast) should not bother the USD too much; payrolls rose 295k last month after the ADP survey reported a 212k rise in employment in February, after all.”

“The run of strong employment reports from the US over the past year or so implies that the US economy continues to move along at a fairly robust clip overall—in spite of the apparent slowdown in growth in Q1 (the Atlanta Fed’s tracking model for Q1 GDP currently stands at 0.2%).”

“Growth disappointments through Q1 have been commonplace in the past five or so years but the data disappointment trend has proven to be temporary; as regularly as the US data surprise index has weakened in the early part of the year, it has always turned higher again in Q2.”

“With the Fed stressing data dependency, disappointing March NFP data does risk checking the broader USD advance modestly but we would expect any setback to be short-lived., with Fed tightening still a strong prospect later this year.”

India M3 Money Supply dipped from previous 11.3% to 11.1%

Read more Previous

EUR/GBP strong resistance at 0.7347/0.7408 – Commerzbank

Bullish attempts in the European cross could find a strong barrier in the 0.7347/0.7408 band, suggested Axel Rudolph, Senior Technical Analyst at Commerzbank...
Read more Next