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
26 Oct 2022

USD/CAD to bounce but not as much as expected if the BoC does pitch for 50 bps – MUFG

The Bank of Canada (BoC) meets today to decide on the size of the increase in the key policy rate. USD/CAD could bounce if the BoC delivers a 50 basis points hike instead of 75 bps as expected, economists at MUFG Bank report.

Therei is more logic in hiking by 50 bps rather than 75 bps

“Given the work done by the BoC and given the downside risks to growth that is becoming more evident in the data we think there’s more logic in hiking by 50 bps rather than 75 bps.”

“The revised forecasts to be released today as well may be the justification for slowing the pace with most forecasts now indicating a technical recession in 2023.”

“If the BoC does pitch for 50 bps, with 75 bps more than priced, we would expect USD/CAD to bounce although with USD sentiment particularly negative at present, the move might not be as large as it would have been say last week prior to the speculation of a Fed shift in tone next week.”

See – BoC Preview: Forecasts from 10 major banks, taking what is offered, a 75 bps hike

Oct 26, 2022

USD Index Price Analysis: Further weakness could revisit 108.40

DXY drops for the second session in a row and prints new multi-week lows in the sub-110.00 region on Wednesday. The loss of 110.00 could force the ind
Read more Previous
Oct 26, 2022

EUR/USD set to drop toward 0.95 into the winter months – Rabobank

EUR/USD is back above parity. Economists at Rabobank see risk that this move could be short-lived. European Central Bank may be forced to slow the pac
Read more Next