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
12 Apr 2018

Market awaits response from China - Westpac

Market awaits response from China to the latest US consideration of tariffs on additional USD100bn worth of China imports, points out Frances Cheung, Research Analyst at Westpac.

Key Quotes

“China imported USD155bn of goods from the US in 2017, just around the amount that has been so far announced by the US in consideration of imposing tariffs on. It is getting less flexible for China to match US action on tariffs, and hence various options may be explored, including measures on other bilateral flows.”

“China is unlikely to target a certain level of the CNY as a response to the trade conflicts as yet, when other options are not exhausted. A stable yuan, with fluctuations driven by market forces, is in China’s interest. It helps promote foreign appetite in yuan assets. The CNY has been fixed at fairly neutral levels compared with basket move in recent sessions. USD/CNY is likely to continue hovering around the 23.6% retracement of 6.3105.”

“A stable yuan will also help anchor regional currencies and mitigate any weakening move. That said, the development on the trade front remains fluid. Asian FX are affected mainly via the sentiment channel, but there is also concern on the potential implications on supply-chain related trade flows in the region. Taiwan and Korea have high exposure to China demand, and are much involved in the supply chain in China’s manufacturing process. The KRW may be suffering from a double whammy as it is also relatively sensitive to the change in risk sentiment.”

Apr 12, 2018

EUR/GBP under pressure post-data

The EUR/GBP is trading at around 0.8676 down 0.55 % on Thursday. The cross took a dive on the back of dovish ECB’s minutes. Later on ECB’s Coeure said
Read more Previous
Apr 12, 2018

Russia Central Bank Reserves $ rose from previous $457.7B to $458.9B

Russia Central Bank Reserves $ rose from previous $457.7B to $458.9B
Read more Next