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.
Octa trading broker
Open trading account
Back

NOK to outperform EUR and SEK as Norges Bank set to rise rates in September – CE

A rate hike by the Norges Bank in September would make it the first G10 central bank to start to raise interest rates after the pandemic, by a comfortable margin. As a result, the Norwegian krone is likely to gain ground on the euro and the Swedish krona by the end of the year, in the view of economists at Capital Economics.

Putting the Norges Bank’s looming hikes into context

“A September rate hike would make Norwegian policymakers the first in the G10 to start to normalise policy by some margin. While Norwegian policymakers have made no secret of their intentions, and a series of rate hikes are priced into markets, we still think there is scope for gains in the NOK as reality bites. We expect it to be the best performing G10 currency against the euro between now and year end.”

“Given that the Riksbank has tended to follow the Norges Bank’s lead in previous tightening cycles, with a lag of between 3 and 10 months, looming hikes in Norway raise question marks over the policy outlook in Sweden. Another paradigm shift and rate hikes in Sweden cannot be ruled out. All told, while investor attention is understandably focused on when the Fed will start to think about tapering its asset purchases, the Riksbank is the ‘one to watch’.”

USD/MYR faces a probable drop to 4.0950 – UOB

The Malaysian ringgit could appreciate to the 4.0950 level vs. the dollar in the near term, noted Quek Ser Leang from Global Economics & Markets Resea
Read more Previous

EUR/USD Price Analysis: Solid support remains near 1.2100

EUR/USD trades on a choppy fashion above 1.2100 the figure on turnaround Tuesday. Further upside has so far met a decent hurdle at the 1.2150 zone, co
Read more Next