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

Brexit: Market remains very much driven by the developments in the UK – RBC CM

Research Team at RBC Capital Markets, suggests that in the short term, the market remains very much driven by the developments in the UK – or to be more precise, the polls on the outcome of the UK referendum due on Thursday.

Key Quotes

“The odds as implied in the betting market have retraced substantially again which has caused all sorts of markets to correct as well: equity markets rebounded, credit spreads re-tightened, the USD underperformed while GBP outperformed, gold was under pressure, etc. Most of these moves have been well documented.

We would like to highlight one move that has been less well flagged: the drop in inflation expectations that happened over the last couple of weeks – and the underwhelming rebound that occurred yesterday as a response to the poll swing. This seemed understandable as the risk of Brexit also implied the risk of dis-inflation and recession in the euro area.

We thus caution against simply extrapolating the move post the poll swing too much into the future – there might be more economic weakness in store regardless.

We would thus advise against shorts in UST, Gilt or Bund futures apart from very short dated positions. We suggest that any further tactical pull-back in Bund and BUXL ASW spreads should be used to express structural widening trades as the ECB QE increases the scarcity premium.”

USD/TRY bounces to 2.90 post-CBRT

The Turkish Lira is gaining ground vs. the dollar on Tuesday, dragging USD/TRY to the area of 2.8940 although rebounding after the CBRT decision. USD
Read more Previous

Germany: ZEW index for June was much stronger than expected - TDS

Research Team at TDS, notes that Germany’s ZEW index for June was much stronger than expected, with the current situation rising from 53.1 to 54.5 (mk
Read more Next