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
26 Jun 2020

Mexico: Banxico’s policy rate forecast at 3% by year-end - BBVA

On Thursday, the Bank of Mexico cut the policy rate by 50 basis point to 5.0% as expected. According to the Research Department at BBVA, the statement from Banxico is seen as dovish, supporting their below-consensus 3.0% year-end monetary policy rate forecast.

Key Quotes: 

“Banxico cut the policy rate by 50bp to 5.0% and surprisingly made significant dovish tweaks to the wording of the statement.”

“The tone of the statement is dovish for the first time in the rate cut cycle and points to multiple 50bp rate cuts going forward and a more appropriate and looser monetary policy stance by yearend as long as the peso continues to hold up.”

“We continue to anticipate four more 50bp rate cuts in the second half of the year (200bp of rate cuts), which is four times what consensus is currently expecting (50bp) and much more than the view currently priced in by markets (75bp).”

“As long as the peso does not return to the lows seen earlier this year, Banxico is likely to continue easing the monetary policy rate in 50bp steps. The peso did not react to the dovish statement confirming our view that, in this context, the interest rate differential is not a significant driver of the exchange rate which is now responding almost entirely to global changes in risk aversion.”

Jun 26, 2020

USD/CAD: Downgrade to Canada’s rating highlights risks to CAD’s outlook – MUFG

Analysts at MUFG Bank turned their attention to to the Canadian dollar given the notable decision taken on Wednesday by Fitch to downgrade Canada’s so
Read more Previous
Jun 26, 2020

EUR/USD remains trading sideways with downside attempts contained at 1.1200

The euro has found buyers at 1.1200 area, after pulling back from 1.1238 earlier during the US trading sessions, which keeps the pair trading without
Read more Next