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
21 Dec 2023

US Philadelphia Fed Manufacturing Index drops to -10.5 in December vs. -3 expected

  • Philadelphia Fed Manufacturing Index drops unexpectedly to -10.5 in December.
  • The US Dollar Index breaks below 102.00 after US economic reports. 

The Diffusion Index for current general activity of the Federal Reserve Bank of Philadelphia's Manufacturing Survey declined to -10.5 in December from -5.9 in November. This reading came in worse than the market expectation of -3. 

The New Orders index dropped from 1.3 to -25.6 in December. The Shipments index rose 7 points to -10.8. The Employment index declined 3 points to -1.7 in December. The Prices Paid index climbed 10 points to 25.1 in December,

"Responses to the December Manufacturing Business Outlook Survey suggest overall declines in the region's manufacturing sector. The indicators for current activity, new orders, and shipments were all negative. On balance, the firms continued to indicate overall increases in prices and mostly steady employment. The survey's broad indicators for future activity improved, suggesting more widespread expectations for growth over the next six months", the publication read. 

Market reaction

The US Dollar Index (DXY) fell below 102.00, toward last week's lows, following the release of US economic data that included the Philly Fed, the third Q3 GDP reading and Jobless Claims.

Dec 21, 2023

US Dollar Index: Broader price trends still lean bearish – Scotiabank

USD retains a weak undertone. Economists at Scotiabank analyze Greenback’s outlook.
Read more Previous
Dec 21, 2023

Canada Retail Sales rose 0.7% in October vs. 0.8% expected

Retail Sales in Canada increased by 0.7% on a monthly basis to C$66.9 billion, Statistics Canada reported on Thursday.
Read more Next