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
22 Aug 2019

US: Markit Manufacturing PMI drops to 49.9 in August vs. 50.5 expected

  • Business activity in US manufacturing sector drops to contraction territory.
  • Services PMI misses market expectation by a wide margin.
  • US Dollar Index edges lower toward 98.10 on disappointing PMI figures. 

According to the IHS Markit's Flash US PMI report, the Manufacturing PMI dropped below the 50 mark for the first time in nearly 10 years at 49.9 and missed the market expectation of 50.5.

With the initial market reaction, the US Dollar Index extended its daily slide and was last seen erasing 0.12% on the day at 98.14.

Further details of the report revealed that the Services PMI in the same period slumped to 50.9 from 53 in July and fell short of analysts' estimate of 52.8.

Commenting on the data, "August’s survey data provides a clear signal that economic growth has continued to soften in the third quarter," said Tim Moore, Economics Associate Director at the IHS Markit. "The PMIs for manufacturing and services remain much weaker than at the beginning of 2019 and collectively point to annualized GDP growth of around 1.5%." 

Aug 22, 2019

United States Markit Services PMI registered at 50.9, below expectations (52.8) in August

United States Markit Services PMI registered at 50.9, below expectations (52.8) in August
Read more Previous
Aug 22, 2019

USD/CNY to edge up to 7.20 by year end – Westpac

Frances Cheung, head of macro strategy at Westpac, notes that USD/CNY and USD/CNH have ground higher in the past week, with the next resistance for US
Read more Next