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.
Octa trading broker
Open trading account
Back

China, US to cut phase one deal soon – Global Times

Global Times carries a story by a former Chinese Vice Minister of Commerce and Executive Deputy Director of the China Center for International Economic Exchanges, Wei Jianguo, as he says that he is confident and optimistic that China and the US can reach a phase one trade deal.

Key Quotes:

“If the bilateral trade talks make good headway and make progress quickly, the two sides can expect to reach a trade deal before the coming Chinese New Year at the end of January 2020. 

The content of the trade deal will focus on a few major issues including intellectual property protection, financial opening, and agricultural products purchasing. But the most essential problem is to lift the tariffs.

Other divergences can be left to the second phase. The phase one agreement is unlikely to include too much substance, instead, it should solve the most pressing issues and march forward step by step.

Rolling back tariffs levied by the US is a must. The China-US trade war instigated by the US with tariffs, so the tariffs have to be cut first. China does not want a trade war, but it is not afraid of one.

If the US continues the trade war, China will fight back. No matter if the tariffs are lifted all at once or at separate stages, the US must roll back all tariffs if it is going to show sincerity.” 

The latest retaliation by China over the US’ Hong Kong Democracy Act seems to have no impact on the trade deal expectations, as markets continue to remain hopeful about a deal being clinched sooner.

Meanwhile, the risk sentiment remains buoyed by the surprise upturn seen in the Chinese manufacturing sector, with Treasury yields 3% higher, Aussie flirting with daily tops near 0.6780 region. However, USD/JPY drifts slightly lower near 109.60 region, as S&P 500 futures pare gains.

AUD/USD clings to modest recovery gains, lacks follow-through

The AUD/USD pair held on to its modest recovery gains and is currently placed near the top end of its daily trading range, around the 0.6775 region. H
Read more Previous

EUR/USD extends the recovery to the 1.1020 region, ECB, data on sight

The single currency has started the week on a positive mood and is now lifting EUR/USD to fresh daily highs in the 1.1020 zone. EUR/USD looks to data,
Read more Next