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
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
5 Jul 2016

G10 and EM: Volatility sharply up following Brexit – Deutsche Bank

Research Team at Deutsche Bank, suggests that the trendiness in the G10 universe has remained at decent levels, largely driven by EUR/GBP and USD/JPY following the EU referendum in the UK.

Key Quotes

“Cross correlation among G10 currency pairs also increased modestly over the last two weeks, as the ‘Brexit’ theme dominated. Volatility increased sharply in the aftermath of the Leave outcome. Realized volatility for G10 currencies is now at the highest level since September 2015.

Over the past quarter, sovereign risk and monetary policy have dominated G10 price action. Tightening sovereign credit spreads have helped CAD, JPY and NZD outperform but were also correlated strongly with more stable monetary policy expectations than elsewhere. Among the macro indicators, valuation has been consistent with cheap currencies such as JPY outperforming. By contrast, current account surpluses in the continental European economies did not help their currencies. Once more, only JPY traded in expectation with its large current account surplus.

EM

Contrary to G10, trendiness in the EM space has remained at very low levels over the past fortnight. Uniformity continues to remain at elevated levels, which is now at all time highs. Meanwhile, volatility in the EM space has also increased significantly over the last two weeks. These are not ideal conditions for trading.

Sovereign risk and carry continue to strongly influence EM FX price action. BRL, RUB and ZAR continue to remain outliers in the EM space as the risk appetite for high yielders has increased during the last three months. In terms of macro drivers, valuation has provided further support to high yielders. On the other hand, easing inflation has been consistent with currency strengthening.”

Jul 5, 2016

NZD/USD slides further below 0.7200 level, eyeing GDT price index

After posting gains for five consecutive session, the NZD/USD pair is witnessing a corrective move on Tuesday and is now sustaining its weakness below
Read more Previous
Jul 5, 2016

USD/TRY seen above 3.00 in a year’s view – Danske Bank

According to analysts at Danske Bank, the Turkish Lira is expected to depreciate further within a year’s view. Key Quotes “We raise our TRY forecast
Read more Next