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

US GDP: Auspicious start of the year – UOB

Senior Economist at UOB Group Alvin Liew reviews the recent US GDP results for the January-March period.

Key Quotes

“US 1Q 2021 GDP increased by 6.4% q/q SAAR (slightly missing Bloomberg Est 6.5%, but much better than UOB Est 2.0%), up from 4.3% in 4Q 2020. Excluding the record 3Q 2020 GDP surge, this would be the fastest GDP growth quarter since 3Q 2003.”

“The growth in 1Q was largely attributed to the strength in private consumption, while business & residential investments and government’s consumption expenditure & investment also contributed, albeit a much smaller share of the overall growth.”

“The robust 1Q GDP reading together with the recent set of very promising US economic data, adds to the positive US growth outlook, anchored by the continued success in the rollout of vaccinations across the US, and massive amounts of fiscal stimulus. That said, the growth trajectory remains highly uncertain (i.e. the tapering in the take-up rate of vaccination demand and new coronavirus variants) but on balance, there is more positive sentiment than fears of a COVID-19 driven correction. We now project that US GDP will extend its rebound meaningfully with a 13.4% increase in 2Q. The US full-year 2021 GDP is now expected to expand by 6.8% (from the previous projection of 6.3% made in Mar).

EUR/USD challenges daily highs around 1.2050, focus on US data, Powell

The European currency regains the smile and pushes EUR/USD back to the 1.2050/55 band at the beginning of the week. EUR/USD bid on USD-selling EUR/USD
Read more Previous

Silver Price Analysis: XAG/USD looks to build on intraday bounce from $25.80-75 support zone

Silver managed to defend the $25.80-75 strong horizontal support and regained positive traction on the first day of a new trading week. The commodity
Read more Next