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

Asian stocks follow US equity futures, treasury yields to mark recovery

  • Asian stocks benefit from risk reset.
  • US Treasury yields, equity futures cheer US President Trump’s economic plan to counter COVID-19.
  • Receding from South Korea, China and few more reactive measures by the global policymakers brighten trade sentiment.

In addition to US President Donald Trump’s ‘major’ economic steps in response to coronavirus (COVID-19), China’s opening of the Wuhan travel border and receding cases in South Korea also help recover Monday’s stock rout in Asia. Furthermore, Japan’s no change in the Tokyo Olympic schedule and indications of further stimulus from Australia and New Zealand kept the risk-tone lighter while heading into the European open on Tuesday.

That said, the MSCI index of Asia-Pacific shares outside Japan register 1.3% gains whereas Japan’s NIKKEI also followed the footsteps with near 1.4% profits to 19,900. It should also be noted that MSCI gauge slumped 5% on Monday.

The US equity futures are also on the rise after US President signaled to offer a payroll tax cut to counter negative implications of the deadly virus that has called emergencies in 14 states so far. By the press time, the US 10-year treasury yields gain 20 basis points to 0.69% whereas S&P 500 and DJI30 Futures are each nearly 4.0% in the green.

Equities in India are closed amid Holi celebrations whereas Chinese stocks mark close to 2.0% gains following downbeat inflation numbers. Further, Indonesia’s IDX cheer comments from the Finance Minister with nearly 2.0% rise but South Korea KOSPI registers 0.50% gains to 1,965 at the time of writing.

Investors will now pay close attention to the global policymakers’ efforts to extend the latest recovery. However, bears can’t be blocked unless any strong news about the cure of the pandemic crosses wires.

EUR/USD heading back towards 1.1300 as USD rebound gains traction

EUR/USD extends the Asian retreat below the 1.1400 level into early European trading, as the US dollar recovery gathers steam across the board, with b
Read more Previous

US Dollar Index looks firmer, approaches 96.00

The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, is trading on a better footing and approaching the key 96.00 ba
Read more Next