Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Batal Sahkan
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Sahkan
Berita dagangan
Back
17 Oct 2023

GBP/USD aims to recover from losses near 106.30, focus on UK CPI

  • GBP/USD recovers from the recent losses ahead of UK CPI.
  • The monthly inflation could fuel speculation for another interest rate hike by BoE.
  • US Dollar encounters difficulties amid dovish remarks from several Federal Reserve members.

GBP/USD retraces the recent gains registered in the previous session, trading lower around 1.2200 during the Asian session on Tuesday. The pair moves in consolidation possibly due to the market indecision about the trajectory of the US Federal Reserve's (Fed) monetary policy.

On Monday, the Rightmove House Price Index (MoM) increased to 0.5% in October from the previous 0.4%. The yearly data showed that residential property prices declined by 0.8% compared to the 0.4% decline in the previous report.

The UK Consumer Price Index (CPI) is anticipated to show a slight dip in the annual figure, moving from 6.7% to 6.5%. Core CPI is expected to come in at 6%, down from September's 6.2%. Despite this moderation in the annual figures, there is an expectation for a notable increase in the monthly CPI, rising from 0.3% to 0.4%.

Such an uptick in the monthly inflation figures could fuel speculations for another interest rate hike by the Bank of England (BoE). Currently, interest rate probabilities for the BoE remain around a 50% chance of a 25 basis points hike in this cycle.

The US Dollar Index (DXY) attempts to retrace the recent losses, trading slightly higher around 106.30 at the time of writing. However, the US Dollar (USD) faced downward pressure, and this can be attributed to the dovish comments from various Federal Reserve officials, indicating that no further interest rate hikes are expected for the remainder of 2023. The dovish stance reflects a cautious approach by the central bank, highlighting a reluctance to tighten monetary policy in the current economic context.

Federal Reserve Bank of Philadelphia President Patrick Harker reinforced this sentiment by suggesting on Monday that the central bank should refrain from creating new economic pressures by increasing the cost of borrowing. Harker further expressed the view that unless there is a significant shift in the data, the Fed should maintain interest rates at their current levels.

The recovery in US Treasury yields from recent losses is seen as a potential factor that could provide support to the US Dollar. The 10-year US Treasury bond yield stands at 4.73%, by the press time.

However, the USD continues to benefit from safe-haven flows amid rising geopolitical tensions between Israel and Palestine. Safe-haven currencies, including the US Dollar, tend to attract demand during periods of heightened uncertainty and geopolitical risks.

Market participants will likely watch the US Retail Sales and the Fed Beige Book report will also be eyed on Tuesday.

 

Oct 17, 2023

South Korea Money Supply Growth dipped from previous 2.1% to 1.9% in August

South Korea Money Supply Growth dipped from previous 2.1% to 1.9% in August
Baca lagi Previous
Oct 17, 2023

Gold price edges lower amid receding safe-haven demand, downside seems limited

Gold price (XAU/USD) struggles to capitalize on the previous day's late rebound from the $1,908 area and meets with a fresh supply during the Asian se
Baca lagi Next