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

NZD/USD vulnerable to a bigger set back after strong gains in recent months – MUFG

After recent considerable gains, analysts at MUFG Bank, have become more cautious over the near-term outlook for the New Zealand Dollar (NZD) and risk assets more broadly. They point out NZD performance remains tightly linked to risk sentiment especially against USD.

Key Quotes:

“The NZD has been the best performing G10 currency so far this month. It has strengthened by 2.4% against the USD and 1.1% against the AUD. It helped to lift NZD/USD to a recent high of 0.6584 on 10th June which was close to last year’s average of 0.6591. The initial COVID-19 related sell off from March, when the pair hit a low of 0.5470, has already been fully reversed. 

“The performance of the NZD remains tightly linked to investor risk sentiment especially against the USD where the 30-day rolling correlation between daily percentage changes in the NZD/USD and S&P 500 index remains elevated at +0.65.”

“It keeps pressure on the RBNZ to maintain a dovish policy stance to support the economic recovery and dampen NZD strength. The RBNZ continues to encourage speculation that the further policy could soon be forthcoming.”

“The potential for negative rates and foreign asset purchases pose the main downside risks for the NZD.”

“We continue to see risks tilted to the downside for risks assets and the NZD in the near-term given the accelerating spread of COVID which threatens to dampen optimism over the global economic recovery. The RBNZ’s still dovish policy stance remains a potential source of relative underperformance too compared to the AUD.”
 

NFP Preview: Jobs gains in June could reach 6.5 million - CIBC

Next Friday, the US official employment report is due. Analysts at CIBC, forecast an increase in non-farm payroll of 5 million. They warn about not ge
Read more Previous

GBP/JPY Price Analysis: Approaching Fibonacci level at 132.05 area

The pound has dropped about 0.65% on Friday, after rejection at the 50-day SMA and downward trending resistance from late-May highs, at 133.30. The p
Read more Next