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.
Back

US: ISM non-manufacturing data consistent with expectations for growth slowdown in H2 – Wells Fargo

Data released today showed the ISM non-manufacturing fell to 53.7, lowest since August 2016. Analysts at Wells Fargo, point out that although still above 50, there were signs that global growth and trade headwinds are extending beyond the factory sector.

Key Quotes: 

“The ISM non-manufacturing index fell to nearly a three-year low in July as slowing global growth and trade headwinds have shown up outside the factory index. The index declined to 53.7, with agriculture, retail and wholesale trade among the industries reporting a contraction in activity.”

“Despite slowing activity, hiring picked up over the month in another sign the labor market remains strong.”

“Among sub-components, the sharpest drop was a 5.1-point decline in current activity to 53.1. New orders weakened more modestly, but were still down 1.7 points to 54.1. Growth in orders backlogs and exports also slowed over the month.”

USD/CAD drops to four-day lows, moves away from weekly tops

The USD/CAD pair peaked earlier today above 1.3240 and then turned to the downside. Recently bottomed at 1.3176, the lowest since July 31. As of writi
Read more Previous

GBP/USD technical analysis: Cable sidelined near multi-month lows and challenging 1.2167 resistance

Read more Next