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

ECB Lagarde signals that July is likely liftoff

Bloomberg reported that European Central Bank President Christine Lagarde said the first increase in interest rates in more than a decade may come in July but downplayed the idea of a half-point move amid concerns about economic expansion. She joins a growing number of ECB policymakers calling for a July hike after inflation hit 7.5 per cent in the eurozone last month.

Most other major central banks have already raised borrowing costs but the ECB, which had fought too low inflation for a decade, is still driving cash into the system via bond purchases. 

Meanwhile, the Nederlandsche Bank Governor Knot broke ranks to talk about a 50bp rate hike in July, but otherwise, the story is pretty clear, analysts at Societe Generale say. ''The June ECB meeting will make clear that rates are rising in July. Meanwhile, consumer confidence remains depressed, but activity data are still resilient.''

EUR/USD carves out near-term base

As for the single currency, EUR/USD has reinforced its defense of key support from the 1.0341 low of 2017. With daily MACD holding having turned higher, analysts at Credit Suisse remain of the view a near-term base is forming, with a break above 1.0642 needed to confirm.

USD/CAD fails to reclaim the 20-DMA, though it remains positive and hovers around 1.2835

The USD/CAD is seesawing during the North American session and is recording minimal gains of 0.06% on Friday, after reaching a daily low below 1.2800,
Read more Previous

Australia has a new left-leaning government

''The impact of the outcome will most likely be felt the most in fiscal policy, as Shadow Treasurer Chalmers has promised greater spending if Labor re
Read more Next