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.
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.
Octa trading broker
Open trading account
Back

US bipartisan infrastructure bill of roughly $1 trillion has enough votes to advance in Senate,

Reuters reports that ''a bipartisan infrastructure package of roughly $1 trillion received the 60 votes necessary to advance in the 100-seat US Senate on Wednesday, passing a key milestone that moves the emerging legislation toward formal debate and possible passage.

Voting continued in the Democratic-held chamber.''

"This deal makes key investments to put people to work all across the country — in cities, small towns, rural communities, and across our coastlines and plains," President Joe Biden said in a statement. "The Bipartisan Infrastructure Deal is a blue-collar blueprint to rebuild America that will help make our historic economic recovery a historic long-term boom."

Market implications

This is positive for stocks and risk appetite in general, albeit priced in. 

According to the White House, the bill's investments over the next five years are expected to add an average of around 2 million jobs per year.

Funding of the bill is to be derived from a combination of redirecting unspent emergency relief funds, targeted corporate user fees, strengthening tax enforcement on cryptocurrencies, and other bipartisan measures.

The expected revenue generated as a result of the bill's investments will be self-financing in itself. 

EUR/USD Price Analysis: Bulls brace for 200-SMA hurdle around 1.1850

EUR/USD holds onto the bounce off resistance-turned-support around 1.1845 amid a quiet post-Fed Thursday morning in Asia. In addition to the successfu
Read more Previous

GBP/USD reclaims 1.3900 mark post-Powell comments, softer USD

GBP/USD refreshes daily high in the Asian trading session Thursday. The pair extends the previous two day’s gains and recoups the 1.3900 mark. At the
Read more Next