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

Wall Street Close: Run-up with record highs continue amid broad risk recovery

  • The DJIA closed with 0.94% gains to about 29,551.
  • S&P 500 climbed around 21 points or 0.63%, closing near 3,379.
  • The Nasdaq Composite Index put on 0.91%, adding about 87 points to close near 9,726. 

US equity benchmarks extended their rally to record highs amid concerns that the coronavirus epidemic a short-term challenge and recovery is confirmed following then. Also increasing the sentiment could be the global central banker’s sustained support for easy money policy.

The US Federal Reserve Chairman Jerome Powell reiterated his cautiously optimistic testimony lines in front of the Senate Banking Committee on Wednesday. The US central bank chief left open the door for strong labor market data while saying, “There is more upside to the US labor participation rate," while also praising the economic strength with the statements like, "There's nothing about the current US economy that is out of kilter or unbalanced."

On the other hand, weakness in Eurozone Industrial Production continued flashing dimming prospects that the ECB is nearing the reversal of its ultra-lose monetary policy.

In a case of coronavirus, the head of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus mentioned that the number of cases of infection with the new coronavirus in China has stabilized, but that apparent slowdown in the epidemic spread should be viewed with "extreme caution".

While also portraying the risk-on, the US 10-year treasury yields rose five basis points (bps) to 1.635%.

Moving further, investors will now keep eyes on Thursday’s January month US Consumer Price Index (CPI) data for fresh impulse. However, this doesn’t dim the prospect of coronavirus headlines to impress/disappoint the market players.

DJIA levels

Prices are heading towards 30,000 psychological mark.

 

GBP/USD Asia Price Forecast: Pound off 2020 lows, trades near 1.2950 level

After the October and December bull-market, the pound is trading in a rectangle consolidation above its 100/200-day simple moving averages (SMAs).
Read more Previous

USD/JPY Asia Price Forecast: Greenback grinds up above the 110.00 figure vs. yen

USD/JPY broke above the 110.00 figure while trading above its main daily simple moving averages (SMAs). Bulls are eyeing at the 2020 highs.
Read more Next