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
27 Dec 2023

NZD/USD keeps heading north, with 0.6400 resistance on sight

  • The New Zealand Dollar is approaching a relevant resistance area at 0.6400
  • The positive market mood on hopes of lower rates in 2024 is weighing on the US Dollar.
  • NZD/USD is expected to appreciate further in 2024 – ANZ.


The Kiwi maintains its near-term bullish bias intact and keeps trading higher against the US Dollar, consolidating at five-month highs at 0.6330, favoured by the positive market mood.

Risk appetite is driving markets on a calm post-Cristmas session, with investors cheerful as they see the turning point in the global tightening cycle. 

The US Federal Reserve is seen rolling back its restrictive policy from March with the rest of the major central banks coming shortly afterwards. This is expected to promote economic growth and avoid a global recession, which is supporting risky assets like the Kiwi, to the detriment of the safe-haven US Dollar.

The calendar is practically void today, and the only events worth mentioning this week are the US Weekly Jobless claims and the Existing Home Sales, due on Thursday.

Against this backdrop, risk appetite is expected to drive the FX markets before relevant macroeconomic data is released in the first week of 2024.

NZD/USD is expected to appreciate further next year – ANZ

From a wider perspective, the ANZ Bank´s Technical analysis team seesaw the pair advancing in 2024: “We think the NZD has room to rise in 2024, but not without volatility. Our year-end forecast for NZD/USD is 0.63 in 2024 (...) A global return of risk appetite and the NZD’s high carry advantage will drive the upside we expect into 2024. Our bearish USD view and a positive cyclical outlook bode well for high beta currencies like NZD.”

Technical levels to watch

 

 

 

Dec 27, 2023

The Euro is not a competitor to the US Dollar – Commerzbank

It is worth noting that the Euro will celebrate its 25th birthday at the turn of the year.
Read more Previous
Dec 27, 2023

USD/CHF Price Analysis: More downside likely below 0.8500

The USD/CHF pair finds interim support after refreshing eight-year low near 0.8500.
Read more Next