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

Australia: Stronger retail sales data – Westpac

Matthew Hassan, analyst at Westpac, points out that Australian retail sales came in much stronger than expected in Nov on what looks to be a combination of 'Black Friday' sales and some delayed effect from policy stimulus measures.

Key Quotes

“Total retail sales rose 0.9%mth, well above expectations of a 0.4% gain and the strongest monthly result since November 2017. Annual growth lifted to 3.2%yr.”

“Much of this reflects the growing popularity of the 'Black Friday' sales event although the detail suggests traditional retail also recorded a strong gain that would be consistent with some delayed effect from recent stimulus measures - the tax offset payments that went out in the third quarter and interest rate cuts in June, July and October. The combined value of this should be adding around $16.6bn to household disposable incomes over the year to June 2020 but so far had seen essentially no flow through to spending. Note that, in dollar terms, the relatively strong Nov gain in retail sales is still only worth $250mn.”

“While we welcome the improvement and see evidence of a wider lift we are wary that much of the Nov gain may prove to be a temporary effect due to the rising popularity of 'Black Friday' sales that has sees a corresponding drag in months to come. Notably, the lift also comes despite business and consumer surveys pointing to continued subdued conditions. The data also predates the summer bushfires which are likely to impact both spending and consumers sentiment.”

 

EUR/USD: Traders await crucial US NFP release

The EUR/USD market appears to have turned indecisive ahead of the US Nonfarm Payrolls report for December, scheduled for release at 13:30 GMT. The cur
Read more Previous

USD/CHF Technical Analysis: Sellers hopeful on Doji formation below monthly trendline

USD/CHF trades mostly unchanged around 0.9730 while heading into the European session on Friday. The pair formed a Doji candlestick on the daily (D1) chart.
Read more Next