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
Trading news
Back
14 May 2021

US Retail Sales: No change in April after record surge – Wells Fargo

Data released on Friday showed retail sales were unchanged in April. The outturn was short of the consensus expectation, which was anticipating a modest gain; although the upward revision to the March figures softens the blow considerably, explained analysts at Wells Fargo. 

Key Quotes: 

“Retail sales were unchanged in April after upward revisions lifted March numbers to the 2nd highest monthly gain on record. Increased spending on autos and restaurants offset weakness in other areas.”

“The on-again, off-again dynamic with spending and big cash windfalls has injected new volatility into retail sales figures. Consider for example, in the 10-year period ending December 2019, the average monthly change in retail sales was just 0.3% with a high of +2.2% and a low of -2.0%. Between last year's lockdowns and a reopening surge in goods spending, this year's stimulus checks and late winter storms, it's no wonder why retailers are struggling to manage inventory and anticipate demand.”

“Unlike last summer when most people were stuck at home, just about everybody is ready to get out and go some place this summer. There are signs everywhere you look and getting your hands on a vehicle is proving to be a tall order.”

“Our consumer spending outlook is not influenced one way or another by today's report. In fact, a headline change in the other direction would not have rattled us either because nothing consumers might have done in April is all that material to the real driver of our forecast, which is the coming surge in consumer spending tied to the reopening of the service sector.”

May 14, 2021

NZD/USD rises further to the 0.7250 area, still negative for the week

The NZD/USD rose further after the beginning of the American session and reached at 0.7251, a fresh two-day high. The pair remains supported by risk a
Read more Previous
May 14, 2021

USD: The greenback remains vulnerable – MUFG

Analysts at MUFG Bank, point out that the Federal Reserve’s inflation “transitory” message has credibility. They see the risk of a more abrupt jump in
Read more Next