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 Oct 2017

Dollar Index struggles as yields sag despite strong data

The dollar index [dxy] is struggling to extend the rebound from the low of 93.26 as the yields remain weak despite strong US data.

At press time, the DXY is trading flat lined around 93.50 levels.  The greenback rebounded from the support offered by the trend line sloping downwards from the high of April 10 and  May 11 high after data showed US service sector growth hit is fastest in 12 years in September.

The ISM non-manufacturing registered 59.8 in September, beating estimates of 55.5 from economists polled by Reuters. The USD also received a boost from the ADP report, which showed the private sector in the US added more jobs in September despite hurricane Harvey and Irma.

Despite the strong data, the 10-year treasury yield ended on a flat note at 2.30%. The yield was last seen trading around 2.33% and stays well below Monday's high of 2.371%.

Looking ahead - the focus remains on the Treasury yields today. Friday's non-farm payrolls and wage growth numbers couuld yield big mvoes in the yields and the US dollar.

Oct 5, 2017

Goldman Sachs raised estimate for Japan’s 3Q GDP to +1.5% q/q vs. +1.2% previously

The US banking giant, Goldman Sachs, made upward revisions to the Japanese Q3 growth forecasts, citing better fundamentals seen in August as the reaso
Read more Previous
Oct 5, 2017

EUR/USD: Bearish consolidation to extend ahead of ECB minutes?

The EUR/USD pair extended its overnight downside consolidation mode into Asia, although manages to hold above the midpoint of 1.17 handle, as the bear
Read more Next