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
11 Jan 2024

NZD/USD consolidates near 0.6250 post intraday gains, US inflation awaited

  • NZD/USD snaps its two-day losing streak ahead of US inflation data.
  • Market expects an increase in both monthly and yearly US CPI figures.
  • New Zealand Building Permits declined by 10.6%, marking a 15-month low.

NZD/USD advances to near 0.6250 during the European session on Thursday. The NZD/USD pair receives upward support due to the improved market sentiment ahead of the inflation data from the United States (US).

Later in the North American session, the Consumer Price Index (CPI) data for December in the United States will be revealed. Forecasts suggest an increase in both the monthly and yearly CPI, with expectations of a 0.2% rise in the monthly figure and a 3.2% increase in the yearly figure. Concurrently, Core inflation on a year-over-year basis is anticipated to ease at 3.8%, while the month-over-month change is projected to remain steady at 0.3%.

Moreover, market participants price in the five rate cuts by the US Federal Reserve (Fed) in the year 2024, which puts pressure on the Greenback. The US Dollar Index (DXY) remains subdued, influenced by softer US Treasury yields.

New Zealand's primary housing market indicator revealed a decrease in the issuance of permits for new construction projects in the country. In November 2023, the seasonally adjusted Building Permits (MoM) witnessed a substantial decline, plummeting by 10.6%, marking a 15-month low compared to the previous reading, which showed an 8.5% increase.

However, the positive Consumer Confidence and Business Confidence data in November have improved the market sentiment that the Reserve Bank of New Zealand (RBNZ) will uphold a hawkish stance by abstaining from any rate cuts in the upcoming meeting. This has been contributing to a favorable outlook for the New Zealand Dollar.

 

Jan 11, 2024

EUR/USD may stabilise around current levels unless US CPI surprises on the upside – ING

EUR/USD remains below the 1.10 figure. Economists at ING analyze the pair’s outlook.
Read more Previous
Jan 11, 2024

Italy Industrial Output s.a. (MoM) below expectations (-0.2%) in November: Actual (-1.5%)

Italy Industrial Output s.a. (MoM) below expectations (-0.2%) in November: Actual (-1.5%)
Read more Next