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
Octa trading broker Mendaftar Masuk
Octa trading broker
Buka akun trading
Berita trading
Back
14 Mar 2023

WTI price drifts lower from the $76 mark, amid shifting financial dynamics and global growth concern

  • WTI price is heading lower despite the softer US Dollar.
  • Global growth concerns start to pick up on the back of the SVB fallout.
  • An inflationary outlook will be key to watching for WTI price directions.

West Texas Intermediate (WTI) price is trading flat on Tuesday amid a softer US Dollar and muted risk sentiment. Touching briefly on Monday’s price action, WTI has fallen to the low of $72.31 level on the back of a strong risk-off environment ignited by Silicon Valley Bank (SVB) and Signature Banks’ fallout. Since then, the WTI price has rebounded sharply in the wake of the Federal Reserve’s backstop plan.  After hitting the high around the $76 mark on Monday, the WTI price again drifted lower, since the US Dollar dynamics took a shift.

Higher borrowing cost across the globe is denting the financial system and raising growth concerns. WTI price is in the corrective decline since the China reopening story is not looking optimistic, as the populous country lowered its growth forecast to 5.0%.

The SVB fallout is adding to the global growth concern, as it is perceived as an indication of the first dent among many in the financial system. Businesses are struggling with their repayments amid rising borrowing costs and eventually, it will result in a slowing demand.

Despite tighter production and many voluntary cuts from the Organization of the Petroleum Exporting Countries (OPEC), the WTI price is struggling to surpass the $80 mark. 

Oil prices are impacted by a combination of factors like the US Dollar, inflation, OPEC, and global growth concerns. Adding all of the aforementioned factors, it is hard to justify the directional character of oil prices but seems that the oil market is taking its cue from growth concerns mainly.

It will also be important to watch the OPEC stance on lower oil prices since these countries are facing a struggle to keep oil above the oil prices to desired $80 mark.

Levels to watch.

 

Mar 14, 2023

Fed funds furtures are repricing the Fed significantly

Fed funds futures have rallied that shows that traders see a 33% chance that the Federal Reserve holds rates this month while the market pricing shows
Baca selengkapnya Previous
Mar 14, 2023

Australia National Australia Bank's Business Confidence registered at -4, below expectations (0) in February

Australia National Australia Bank's Business Confidence registered at -4, below expectations (0) in February
Baca selengkapnya Next