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
1 Feb 2022

AUD/USD: Aussie to remain weak after a modest hawkish shift from the RBA – Wells Fargo

On Tuesday, the Reserve Bank of Australia (RBA) kept rates unchanged and announced the end of its QE program. According to analysts at Well Fargo, the RBA made a modestly hawkish shift. They anticipate modest weakness in the Australian dollar versus the greenback over the medium term.

Key quotes:

“Australia's economy appears to be on a sturdy upturn, with a rebound in activity and quickening of inflation in the final quarter of 2021. Despite some near-term uncertainties, we believe these more solid economic trends can continue in 2022.”

 “We believe inflation will remain elevated in the coming quarters and that by late this year the RBA will be confident enough to begin raising rates. Accordingly, we have made a modestly hawkish shift on our own monetary policy outlook, and now forecast an initial 15 bps rate hike in November 2022 and a cumulative 100 bps of rate hikes in 2023.”

“We also forecast an additional 100 bps of rate hikes over the course of 2023. Next year we expect 25 bps rate hikes at each of the RBA's February, May, August, and November meetings, which would take the Cash Rate to 1.25% by the end of 2023. Still, even with a more timely path for monetary tightening, RBA rate hikes should still lag behind those of the Federal Reserve and fall short of monetary tightening currently priced in by market participants. Accordingly, even with an outlook for a solid Australian economy and slightly faster RBA monetary tightening, we still anticipate moderate weakness in the Australian dollar versus the greenback over the medium-term.”

Feb 1, 2022

USD/INR to move lower during H1 and likely to recover – MUFG

Capital flows may help mitigate downward pressure on the Indian rupee during the next weeks according to analysts at MUFG Bank. They forecast USD/INR
Read more Previous
Feb 1, 2022

AUD/USD pushes back above 0.7100 as US dollar falters, Aussie outperforms despite “dovish” RBA

Against the backdrop of robust risk appetite, favorable moves in base metal and energy prices and a faltering US dollar, the Aussie’s post-“dovish” RB
Read more Next