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
22 Jan 2024

EUR/USD can push back above 1.1000 on any upside in European PMIs – SocGen

The highlight this week will be central bank meetings in many parts of the world, including Japan and the Eurozone. US Gross Domestic Product (GDP) will also be in focus. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the FX market outlook.

Complete BoJ silence could see another test of USD/JPY 150.00

This week, the US calendar starts slowly with leading indicators today; a largely ignored series nowadays, but one warning of weakness ahead. The most-watched release will be the Q4 GDP report, where the consensus call is 2%.

We also get the BoJ on Tuesday, where inaction is almost certain but a market reaction will be seen anyway. Any hint of concern about market distortion from yield curve control could trigger a sharp Yen rally, but complete silence could see another test of USD/JPY 150.00.

The Bank of Canada meets on Wednesday, and will do nothing but there too, any hints will prompt a reaction and the same will be true of the ECB on Thursday, where push-back against market pricing seems almost a done deal.

We’ll also get a look at PMI data for January, and from current depressed expectations, any upside in European PMIs can help the Euro push back above USD 1.1000. The same is true of any good news in UK data after last week’s horror show.

 

Jan 22, 2024

Oil slides as Libya restarts production from biggest oilfield

Oil prices are sliding lower by 1% on Monday as Libya’s state-run National Oil Corporation has said its biggest Oil field is coming back online. This means an additional production of  270,000 barrels per day, putting overall output back above 1
Read more Previous
Jan 22, 2024

EUR/USD to retrace toward 1.0700/1.0800 on a daily close under 1.0875 – Scotiabank

EUR/USD capped in the low 1.0900 area ahead of the ECB meeting.
Read more Next