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 pared early losses to close day little changed

After falling sharply on revived political concerns over the relationship between Russia and the Trump election campaign, major equity indexes in the U.S. recovered their losses to close the day virtually flat on Tuesday.

"I think people are worried that it just means more political uncertainty, and sort of a continuation of the stalemate in Washington, a continuation of the delay in trying to get the Trump agenda passed through Congress," Robert Pavlik, chief market strategist at Boston Private Wealth in New York, told Reuters.

Tomorrow, Fed Chairwoman Janet Yellen will start her two-day testimony, in which investors will look for any clues regarding the start of the massive balance sheet reduction. Ahead of Yellen's testimony,  Board of Governors member Lael Brainard crossed the wires on Tuesday and said that the pace, timing & approach of the balance sheet run off by major central banks may have spillover effects on the FX rates and financial conditions.

The Dow Jones Industrial Average average gained only 0.55 points to close the day at 21,409.07 while the S&P 500 was virtually unchanged at 2,424.48. Finally, the tech-heavy Nasdaq Composite added 17.65 on the back of another solid performance by tech shares and finished the day at 6,171.25.

Headlines from the U.S. session:

  • US Sen. Rep. Leader McConnell: Will lay out a revised version of healthcare law on Thursday morning
  • US: Job openings slip in May - Wells Fargo
  • Fed’s balance sheet could normalise between 2020 and 2023 - UOB
  • US Dollar drops sharply on dovish Brainard comments
  • US Senate Intelligence Committee requesting documents from Trump Jr. - Reuters
  • Fed’s Brainard: If econ data holds up, would be appropriate to begin shrinking b/sheet soon
  • Easy financial conditions signal US surprise index surge - Westpac
  • Thoughts on the US policy mix - BBH
  • US: Business Optimism dropped in June - Wells Fargo

GBP/USD: remains with a bearish bias, eyes on 1.2810 support

Currently, GBP/USD is trading at 1.2852, down -0.22% on the day, having posted a daily high at 1.2929 and low at 1.2831. Moody's: UK's creditworthine
Read more Previous

Forex today: Donald Trump Jr. email takes dollar down

Forex today was caught up in a mixed financial and commodities marketplace while Washington took the headlines on the back of Trump Jr's email contact
Read more Next