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
4 Apr 2025

EUR/USD cycles 1.10 after Powell pushes back on rate cut bets

  • EUR/USD is looking for a foothold at the 1.1000 region.
  • Fed Chair Powell threw cold water on rising rate cut hopes.
  • US tariffs increase odds of recession and inflationary spark, crimping Fed options.

EUR/USD churned near 1.1000 on Friday, sticking mostly flat as exhausted markets were greeted by an overly-cautious Federal Reserve (Fed) Chair Powell, who warned that inflation and recession risks thanks to tariffs will make it less, not more, likely that the Fed will cut rates sooner.

Later rather than sooner

Fed Chair Powell noted that alongside Friday’s US Nonfarm Payrolls (NFP) report, the US economy looks healthy overall. However, the impending inflationary impacts from US President Donald Trump’s tariffs this week cannot be ignored. While Fed officials have put significant effort into not saying it directly, stagflationary risks are on the rise thanks to the Trump administration.

 

More to come…
 

Apr 4, 2025

EUR/USD with losses on Powell's words, bulls take a breather

During Friday’s session following the European close, the EUR/USD pair slipped back toward the 1.1000 area, surrendering part of its early-week strength.
Read more Previous
Apr 4, 2025

Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation

Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.
Read more Next