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

Gold Price Forecast: XAU/USD eyes downside on hawkish ECB hike and robust US GDP

Investors brace for critical events this Thursday. But the gold price seems to be in a lose-lose situation heading into the big day ahead, FXStreet’s Dhwani Mehta reports. 

US Q3 GDP could offer fresh hints on talks of a potential Fed pivot

“All eyes now turn towards the US advance Q3 GDP print, with a rebound of 2.4% expected on a quarterly basis vs. -0.6% reported previously. A more robust reading than expected could douse dovish Fed expectations, rescuing dollar bulls from the recent downfall. Gold price, therefore, could stall its recovery mode and turn south towards the monthly lows.” 

“The ECB rate hike decision will also be crucial to determining the dollar’s and the yellow metal’s next price direction. A hawkish 75 bps rate hike from the ECB could trigger recession fears, which could also bode well for the safe-haven greenback.”

See:

  • US GDP Preview: Forecasts from eight major banks, strong rebound to break two quarters of negative growth

  • ECB Preview: Forecasts from 15 major banks, no obstacles to a 75 bps hike
Oct 27, 2022

Silver Price Analysis: XAG/USD faces rejection near 50% Fibo./100-day SMA confluence

Silver struggles to capitalize on its one-week-old positive trend beyond the 100-day SMA and meets with a fresh supply on Thursday. The white metal re
Read more Previous
Oct 27, 2022

GBP/USD remains on the defensive around 1.1600 amid modest USD uptick, ahead of US GDP

The GBP/USD pair fails to capitalize on the overnight breakout momentum beyond the 1.1500 psychological mark and retreats from its highest level since
Read more Next