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
Octa trading broker
Open trading account
Trading news
Back
8 Mar 2023

Powell speech: Costs of not getting inflation down will be extremely high

FOMC Chairman Jerome Powell testifies on the Semi-annual Monetary Policy Report before the US House Financial Services Committee.

Key quotes

"US Dollar is only serious candidate for world's reserve currency."

"We can pay bills when we have negative income."

"Inflation is coming down but it's very high."

"Some part of the high inflation we have is likely related to extremely tight labor market."

"Every forecaster is baking in lower rent increases this year."

"Costs of not getting inflation down will be extremely high."

"Costs of failure to control inflation would be much higher than costs of controlling it."

"Committed to bringing prices down."

"A faster reopening from China could have offsetting effects on inflation."

"China's faster reopening could put upward pressure on commodities prices but also quicker healing of supply chains."

"We expect China's impact to be moderate overall."

Market reaction

The US Dollar stays under modest bearish pressure during Powell's testimony and the US Dollar Index was last seen posting small daily losses at 105.50.

Mar 8, 2023

Gold Price Forecast: XAU/USD to see a test of its 200-DMA at $1,775 – Credit Suisse

Gold Price has dipped below its 55-Day Moving Average of $1,864. Strategists at Credit Suisse expect the yellow metal to challenge the 200-DMA at $1,7
Read more Previous
Mar 8, 2023

Powell speech: We are aware of lags of monetary policy effects

FOMC Chairman Jerome Powell testifies on the Semi-annual Monetary Policy Report before the US House Financial Services Committee. Key quotes "We are a
Read more Next