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

Wall Street at all time highs for fourth straight day, fuelled by Yellen

Wall Street was trading on hot air again on the back of Yellen's comments when she gave her "Humphrey-Hawkins" testimony before the Senate Banking Committee today with more to come tomorrow when she will make an appearance before the House Financial Services Committee. 

  • Fed's Yellen: Some policies being discussed in Washington may raise deficits or help productivity
  • Fed's Yellen: Will wait to gain further clarity on economic policy changes
  • Waiting too long to tighten would be unwise - Fed's J.Yellen
  • More rate hikes may be appropriate in upcoming meetings - Fed's J.Yellen
  • Fed's Yellen agrees with core principles of Trump's executive order on financial reform

The US dollar index was up 0.3% to a fresh three-week high on the back of her comments as US 10yr treasury yields jumped from 2.43% to 2.50% and 2yr yields jumped from 1.20% to 1.25% in reaction while the Fed fund futures firmed 1bp-4bp, mostly at the far dates, as noted by analysts at Westpac, "The April contract is now trading at 0.71% (which is 8.5bp above the current midpoint FFR of 0.625%, which implies around a 35% chance of a rate hike in March)."

U.S. benchmarks finished at all-time highs for a fourth straight day, again supported by a rally in the financial sector with Yellen supportive of the core principles of Trump's executive order on financial reform. Investors presume that Banks will benefit from the gradual interest rates rises coming into effect soon.

The S&P 500 finished 9.33 points, or 0.4%, higher to close at 2,337.58 with some of the major banking players such as J.P.Morgan Chase & Co. rose and the Bank of America Corp rallying between 1.6%- 2.8% respectively. Meanwhile, The Dow Jones Industrial Average climbed 92.25 points or 0.5%, to 20,504.41 while the Nasdaq Composite advanced 18.62 points or 0.% to 5,782.57. 

US dollar index up for the fourth day in a row supported by Yellen

United States API Weekly Crude Oil Stock dipped from previous 14.2M to 9.94M

United States API Weekly Crude Oil Stock dipped from previous 14.2M to 9.94M
Read more Previous

NZD/USD: NZD/USD up 0.03% on the day as bulls come to rescue post down day on Yellen

Currently, NZD/USD is trading at 0.7167, up 0.03% on the day, having posted a daily high at 0.7171 and low at 0.7163. NZD/USD is riding a bullish wav
Read more Next