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

Mit der Abgabe dieser Erklärung erkläre und bestätige ich ausdrücklich, dass:
  • Ich kein Bürger oder Einwohner der USA bin
  • Ich bin nicht auf den Philippinen wohnhaft
  • Ich weder direkt noch indirekt mehr als 10 % der Anteile/Stimmrechte/Beteiligungen der in USA ansässigen Personen besitze und/oder keine US-Bürger oder in den USA ansässigen Personen auf andere Weise kontrolliere
  • Ich mich nicht im direkten oder indirekten Besitz von mehr als 10 % der Aktien/Stimmrechte/Beteiligungen und/oder unter der Kontrolle eines US-Bürgers bzw. einer anderweitig in den USA ansässigen Person befinde.
  • Ich nicht mit US-Bürgern oder Personen mit Wohnsitz in den USA im Sinne von Abschnitt 1504 (a) des FATCA in Verbindung stehe bin
  • Ich bin mir meiner Haftung für die Abgabe einer falschen Erklärung bewusst.
Für die Zwecke dieser Erklärung werden alle von den USA abhängigen Länder und Territorien mit dem Hauptterritorium der USA gleichgesetzt. Ich verpflichte mich, Octa Markets Incorporated sowie seine Direktoren und leitenden Angestellten gegen alle Ansprüche zu verteidigen und schadlos zu halten, die sich aus einer Verletzung meiner vorliegenden Erklärung ergeben oder damit zusammenhängen.
Back

USD Index bounces off lows near 109.50 ahead of key US data

  • The index attempts a mild recovery below 110.00 on Thursday.
  • US yields regain some poise and trade with modest gains.
  • Durable Goods Orders, Flash Q3 GDP, Initial Claims next on tap.

The greenback, when tracked by the USD Index (DXY), manages to gather some traction and rebounds from earlier lows near 109.50 on Thursday.

USD Index focuses on data, risk trends

Following two consecutive sessions with important losses, the index now reclaims part of the ground lost and approaches the key 110.00 barrier on Thursday.

The move higher in the dollar comes in response to a hiccup in the intense upside momentum in the risk-associated assets, which saw their upside magnified on the back of increasing speculation surrounding a potential Fed’s pivot.

In the US calendar, another revision of the Q3 GDP Growth Rate is due seconded by Durable Goods Orders and usual weekly Initial Claims.

In addition, the dollar is also expected to closely follow the ECB monetary policy meeting, where market consensus anticipates a 75 bps rate hike.

What to look for around USD

The dollar seems to have met some decent contention around the 109.50 region so far this week.

In the meantime, the firmer conviction of the Federal Reserve to keep hiking rates until inflation looks well under control regardless of a likely slowdown in the economic activity and some loss of momentum in the labour market continues to prop up the underlying positive tone in the index.

Looking at the more macro scenario, the greenback also appears bolstered by the Fed’s divergence vs. most of its G10 peers in combination with bouts of geopolitical effervescence and occasional re-emergence of risk aversion.

Key events in the US this week: Flash Q3 GDP Growth Rate, Durable Goods Orders, Initial Claims (Thursday) – PCE/Core PCE Price Index, Personal Income/Spending, Pending Home Sales, Final Michigan Consumer Sentiment (Friday).

Eminent issues on the back boiler: Hard/soft/softish? landing of the US economy. Prospects for further rate hikes by the Federal Reserve vs. speculation of a recession in the next months. Geopolitical effervescence vs. Russia and China. US-China persistent trade conflict.

USD Index relevant levels

Now, the index is gaining 0.09% at 109.79 and faces the immediate up barrier at 113.88 (monthly high October 13) seconded by 114.76 (2022 high September 28) and then 115.32 (May 2002 high). On the flip side, the breakdown of 109.53 (monthly low October 27) would open the door to 109.35 (weekly low September 20) and finally 107.68 (monthly low September 13).

Turkey Foreign Arrivals dipped from previous 58.3% to 55.84% in September

Turkey Foreign Arrivals dipped from previous 58.3% to 55.84% in September
Mehr darüber lesen Previous

NZD/USD: Further gains seen above 0.5880 – UOB

Further advance in NZD/USD needs to clear the 0.5880 barrier in the near term, noted Market Strategist at UOB Group Quek Ser Leang and Economist Lee S
Mehr darüber lesen Next