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
28 Feb 2025

USD extends gains as Asia FX underperforms – Scotiabank

Solid gains for the US Dollar (USD) yesterday reflected renewed tariff concerns, weaker stocks and underperforming alternative havens, such as gold, Scotiabank's Chief FX Strategist Shaun Osborne notes. 

USD holds gains amid tariff focus and equity market weakness

"The USD remains firm this morning but is trading off its highs. Asian stocks plunged and European markets are soft while US equity futures are modestly higher at writing. Still, amped up tariff threats are having an impact on risk sentiment and price action (in the S&P 500) is clearly challenging the recent bull run. The 'disciplining' effect of markets might yet have a say on how the US proceeds with tariffs." 

"The MXN and CAD are moderate outperformers through the overnight session so far, in fact, and trade little changed on the mostly firmer USD. Asian regional FX and the CHF are underperforming. Bond markets are trading mostly higher, nudging yields 1-2bps lower on the day. In broad terms, spreads continue to narrow against the USD, suggesting some fundamental restraint on gains—were it not for the largely headline-driven nature of market moves at the moment." 

"Intraday price action does suggest the DXY’s rise is stalling near 107.5 which may prompt some consolidation or sideways movement in FX overall into the weekend. This morning’s US Personal Income and Spending data is expected to reflect a 0.4% gain in income and a 0.2% rise in spending in January. The core PCE deflator is forecast to show a 0.3% rise in the month—still a little on the warm side—but a moderation in the pace of Y/Y gains to 2.6% (from 2.8%)."

Feb 28, 2025

Germany annual CPI inflation holds steady at 2.3% in February as expected

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2.3% on a yearly basis in February, Destatis' flash estimate showed on Friday.
Read more Previous
Feb 28, 2025

CAD resists deeper USD advance through mid-1.44s – Scotiabank

Right, so border tariffs are back on for next Tuesday. But maybe only for a short period? So much tariff-mongering, so little clarity, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Read more Next