确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

USD/CHF oscillates above 0.9900 amid a firmer DXY, focus shifts to Fed policy

  • USD/CHF is juggling above 0.9900 as robust GDP numbers have strengthened the DXY.
  • A decline in consumer spending has sent yields on a bumpy ride.
  • Discussions on price mechanism between EU, the UK, and Switzerland have hogged the limelight.

The USD/CHF has shifted into a rangebound structure above the critical hurdle of 0.9900 in the early Asian session as investors are shifting their focus toward the monetary policy decision by the Federal Reserve (Fed). The asset resurfaced firmly from around 0.9840 as the US dollar index (DXY) recovered sharply after investors shifted back to the risk-aversion theme.

S&P500 snapped two-day gains after a meltdown in Meta Platforms Inc. (META) on Thursday. The tech-giant nose-dived to a five-year low amid a dismal earnings report. This triggered the danger of keeping money in the risk-perceived assets.

The DXY enjoyed sheer liquidity after an upbeat Gross Domestic Product (GDP) report. The US GDP escalated to 2.6% for the third quarter against the projections of 2.4%. A positive growth rate number snapped the contraction of two straight quarters of CY2022 from January to June.

The instrument that has been impacted after the release of the GDP report is US Treasury yields. The 10-year US Treasury yields dropped to 3.93% after the Commerce Department showed a decline in consumer spending that accounts for 70% of US economic activity. Consumer spending has expanded by 1.4%, remaining lower than the 2% growth recorded in the second quarter. A slowdown in consumer spending indicates that mounting inflationary pressures are exhausting after all.

A decline in consumer spending rate has trimmed the odds of a bigger rate hike by the Federal Reserve (Fed), if not, the projection could be less-hawkish next week.

On the Swiss franc front, discussions on the collaboration of the European Union, the UK, and Switzerland to combat soaring energy bills are in focus. The EU is planning to bring a price cap mechanism on energy prices, which may support households against soaring energy bills. The strategy is to be executed without boosting demand or delivery of electricity to foreign consumers at subsidized prices.

In response to that, the Trading bloc’s executive arm is advising EU members that such a price limit would have to be extended to power-importing countries like the UK or Switzerland for it to be effective, reported Bloomberg.

 

GBP/JPY retreats to 169.00 as yields drop ahead of BOJ

GBP/JPY remains sidelined around 169.00, following a U-turn from an 80-month high, as traders await the key Bank of Japan (BOJ) Monetary Policy Meetin
了解更多 Previous

USD/CAD Price Analysis: Plotting the path of least resistance, down

As per the prior analysis, USD/CAD Price Analysis: Bulls are lurking at key MTF support areas, where it was explained that the loonie firmed from a p
了解更多 Next