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
10 Jul 2019

Trade wars: Taiwan only a pawn - The Global Times

The Global Times has reported how the latest US approval of arms sales to the island of Taiwan will hurt delicate China-US relations at a sensitive time:

The latest US approval of arms sales to the island of Taiwan will hurt delicate China-US relations at a sensitive time when China and the US are to resume trade talks, and Taiwan secessionists should know that they are only being used as a card by the US, Chinese experts warned Tuesday. 

Even if the island acquires US weapons, the Chinese mainland still has an overwhelming advantage over the island in military strength, and Taiwan secessionists should not expect US protection in case of a military conflict, they stressed.

At a routine press conference on Tuesday, Foreign Ministry spokesperson Geng Shuang urged the US side to immediately cancel the plan to sell arms to Taiwan and end its military links with the island, before it causes more harm to China-US ties and the peace and stability across the Taiwan Straits. 

Taiwan only a pawn



China and the US are stuck in a trade war and the US is playing all kinds of cards to create trouble and pressure China. Taiwan is one of them and nothing more, analysts said. The US is using Taiwan secessionists to obtain its own interests, Li said, noting that the secessionists do not care about China-US relations, so they could take the US bait and risk it all. But the US will only let the people of Taiwan suffer the consequences if the risk spirals out of control, Li noted.

Wei said that the arms sale could give secessionists in the island an illusion of US support, but the US military will by no means fight for Taiwan, especially against an opponent as powerful and determined as China. China and the US, the two largest economies in the world, are playing a game, and while China sees the island of Taiwan as an inalienable part of itself, the US only sees it as a pawn, analysts stressed.

The Australian dollar trades as a proxy to the trade war, and AUD/JPY takes the brunt of these escalations.  AUD/JPY dropped to test the 20-day moving average overnight where it has since stabilised, around 75.40. Next stop on the chart is 73.90.

 

 

Jul 10, 2019

AUD/USD trending lower into Fed Powell's testimony

The US Dollar continued to rise against most of the G10 but AUD was weakest in the G10. AUD/USD extending the recent decline from 0.6960 to 0.6921 for
Read more Previous
Jul 10, 2019

Japan Domestic Corporate Goods Price Index (YoY) below expectations (0.3%) in June: Actual (-0.1%)

Japan Domestic Corporate Goods Price Index (YoY) below expectations (0.3%) in June: Actual (-0.1%)
Read more Next