Mengonfirmasi Anda bukan dari AS atau Filipina

Dengan memberikan pernyataan ini, saya secara tegas menyatakan dan mengonfirmasikan bahwa:
  • Saya bukan warga negara atau penduduk AS
  • Saya bukan penduduk Filipina
  • Saya, secara langsung maupun tidak langsung, tidak memiliki lebih dari 10% saham/hak suara/kepentingan dari penduduk AS dan/atau tidak mengontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berada di bawah kepemilikan langsung atau tidak langsung untuk lebih dari 10% saham/hak suara/kepentingan dan/atau berada di bawah kontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berafiliasi dengan warga negara atau penduduk AS dalam hal Bagian 1504(a) dari FATCA
  • Saya menyadari tanggung jawab saya jika membuat pernyataan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah dependen AS disamakan dengan wilayah utama AS. Saya berkomitmen untuk membela dan membebaskan Octa Markets Incorporated, direktur dan pejabatnya dari klaim apa pun yang timbul akibat atau terkait dengan pelanggaran apa pun atas pernyataan saya.
Batalkan Konfirmasi
Kami berkomitmen menjaga privasi dan keamanan informasi pribadi Anda. Kami hanya mengumpulkan email untuk menyediakan penawaran khusus dan informasi penting tentang produk dan layanan kami. Dengan memberikan alamat email, Anda setuju untuk menerima surat tersebut dari kami. Jika Anda ingin berhenti berlangganan atau memiliki pertanyaan maupun permasalahan, silakan hubungi Layanan Pelanggan kami.
Konfirmasi
Berita trading
Back
16 Oct 2023

USD/INR maintains position above 83.20 on surging oil prices, expect RBI intervention

  • USD/INR could face challenges due to the rising Crude oil prices.
  • RBI is expected to intervene to prevent further depreciation of the Indian Rupee.
  • US Dollar experienced upward support on risk aversion over the Middle-East conflict.

USD/INR trades above 83.20 during the Asian session on Monday. The Indian Rupee (INR) may encounter challenges due to the rise in crude oil prices amid the conflict between Palestine and Israel.

However, traders anticipate intervention by the Reserve Bank of India (RBI) to prevent further depreciation of the domestic currency. The RBI has been actively intervening in both the spot over-the-counter market and in non-deliverable forwards (NDFs) to prevent the INR from depreciating below the record low of 83.29.

Moreover, on Friday, India’s Trade Deficit Government reduced to a five-month low of $19.37B in September, compared to the market consensus of $23.25B. The previous reading was $24.2B in August. While FX Reserves for the week ending on October 6, declined to $584.74B from $586.91B.

The US Dollar Index (DXY) trades slightly lower around 106.50. The US Dollar (USD) gained momentum following the release of robust data in the previous week, with inflation surpassing expectations and initial jobless claims coming in lower than anticipated.

However, the preliminary US Michigan Consumer Sentiment Index for October showed an easing trend. On Friday, the report indicated a decline to 63.0 from the previous reading of 68.1, falling short of the expected figure of 67.4.

Furthermore, the US Dollar continues to draw support from safe-haven demand amid escalating geopolitical tensions between Israel and Palestine. According to an undisclosed source cited by Reuters, discussions have taken place between US officials and Israel regarding the potential visit of President Joe Biden to Israel. The reported invitation for this visit comes from Israeli Prime Minister Benjamin Netanyahu.

Investors appear to be considering the possibility of another rate hike by the Federal Reserve (Fed). The market sentiment has shifted after the release of strong economic data from the United States (US), potentially providing upward support for the USD/INR pair.

Furthermore, the recovery in US Treasury yields from recent losses could contribute to underpinning the US Dollar (USD). As of Monday, the 10-year US Treasury bond yield stands at 4.66%, up by 1.13%.

Market participants will closely watch the US Retail Sales (MoM) on Tuesday, with expectations for a 0.2% rise in September compared to the previous reading of 0.6%.

 

Oct 16, 2023

EUR/USD Price Analysis: Posts modest gains above 1.0500, upside seems limited

The EUR/USD pair posts modest gains during the Asian session on Monday. The rebound of the pair is supported by the softer US Dollar (USD) broadly. EU
Baca selengkapnya Previous
Oct 16, 2023

Gold price corrects from multi-week high on profit-taking, downside seems limited

Gold price (XAU/USD) rallied to over a three-week high, around the $1,932-1,933 area on Friday in the wake of the intensifying Israel-Hamas conflict,
Baca selengkapnya Next