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
27 Oct 2022

USD/CAD: Further divergence on rate hike expectations to pummel the loonie – Commerzbank

The Bank of Canada (BoC) surprised markets by delivering only a 50 bps rate hike. USD/CAD hovers around 1.3550. The next direction of the loonie hinges on the Fed’s future moves and global risk sentiment, economists at Commerzbank report.

BoC switches down another gear

“The BoC hiked its key rate by only 50 bps to 3.75%, which came as a surprise to many. That means it has switched down another gear in its fight against stubbornly high inflation rates – following an impressive 100 bps in July and a further 75 in September.

“CAD came under depreciation pressure for a brief moment, but the losses against USD were limited. That is likely to have been due to the hawkish statement but also the slightly more favourable market sentiment and the resulting reduced USD strength.”

“Whether CAD will be able to stand up against USD going forward will mainly depend on the US central bank’s future moves and on global risk factors. If the rate hike expectations for BoC and Fed threaten to diverge further this is likely to put pressure on the loonie. The same goes for increasing USD strength as a result of more pronounced risk-averse market sentiment.”

 

Oct 27, 2022

Natural Gas Futures: Extra rebound in store

Considering advanced prints from CME Group for natural gas futures markets, open interest went up for the second session in a row on Wednesday, now by
Read more Previous
Oct 27, 2022

ECB Preview: Expected 75 bps hike in October and more rate hikes ahead – Societe Generale

Analysts at Societe Generale believe that the European Central Bank (ECB) is likely to announce another 75 bps rate hike this Thursday, suggesting mor
Read more Next