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
Octa trading broker Daftar Log masuk
Octa trading broker
Buka akaun dagangan
Berita dagangan
Back
21 Oct 2022

GBP/USD dives to fresh weekly low, eyes 1.0500 amid broad-based USD strength

  • A combination of factors prompts aggressive selling around GBP/USD on the last day of the week.
  • The dismal UK macro data weigh on sterling and exert pressure amid resurgent USD demand.
  • Aggressive Fed rate hike bets continue to push the US bond yields higher and underpin the buck.
  • Diminishing odds for a full 100 bps BoE rate hike in November support prospects for further losses.

The GBP/USD pair continues losing ground through the early North American session and dives to a fresh weekly low, around the 1.1060-1.1065 region in the last hour.

The sentiment surrounding the British pound remains bearish amid growing worries about a deeper economic downturn and the cost-of-living crisis. The fears were further fueled by Friday’s disappointing release of the UK Retail Sales figures, which suggests that consumers are feeling the pinch of high inflation.

Apart from this, the relentless US dollar buying exerts additional downward pressure on the GBP/USD pair and contributes to the ongoing depreciating move. In fact, the USD Index, which measures the greenback's performance against a basket of currencies, rallies back closer to the monthly high and is supported by a combination of factors.

The continuous rise in the US Treasury bond yields, bolstered by hawkish Fed expectations, turns out to be a key factor pushing the greenback higher. The overnight hawkish remarks by Philadelphia Fed President Patrick Harker reaffirmed bets for another supersized rate hike in November. This, in turn, lifts the yield on the benchmark 10-year US government bond to its highest level since the 2008 financial crisis.

This, along with a weaker risk tone, underpins the safe-haven buck. This, in turn, suggests that the path of least resistance for the GBP/USD pair is to the downside amid diminishing odds for a full 100 bps rate increase by the Bank of England in November. Hence, a subsequent decline, back towards the 1.1000 psychological mark, remains a distinct possibility.

Technical levels to watch

 

Oct 21, 2022

USD Index Price Analysis: The dollar wants more and targets the 2022 high

DXY quickly leaves behind Thursday’s small drop and advances to the proximity of the 114.00 yardstick on Friday, or 3-week peaks. If the index breaks
Baca lagi Previous
Oct 21, 2022

Fed to debate on whether and how to signal plans for a smaller increase in December - WSJ

Federal Reserve officials are barreling toward another interest-rate rise of 75 bps at their meeting in November and are likely to debate then whether
Baca lagi Next