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
Trading news
Back
21 Jun 2016

AUD/USD testing weekly highs on RBA minutes, 0.75 closer

The latest upmove in the AUD/USD pair appears to have paused following the release of RBA’s June 7 meeting.

AUD/USD: 0.7500 eyed?

Currently, the AUD/USD pair advances +0.24% at 0.7477, flirting with Monday’ high reached at 0.7481. The Aussie remained little changed after the RBA minutes release as markets digest the key statement published in the document, citing that ‘low interest rates and weaker a$ since 2013 helped support above potential growth in Q1.”

Moreover, easing commodities’ prices coupled with wavering Asian equities also cap the upside in the higher-yielding currency AUD. Further, a negative surprise from the Aus house price index data also weighs down on the AUD/USD pair. RBA House price Index for Q1 showed that prices grew y/y, but a dip to -0.2 % q/q.

All eyes now remain on the Fed Chair Yellen’s testimony on the Semi-annual Monetary Policy Report before the Senate Banking Committee later tonight for further momentum on the greenback.

AUD/USD Levels to watch   

The pair finds the immediate resistance at 0.7500 (round number) above which gains could be extended to the next hurdle located at 0.7550 (May 2016 levels). On the flip side, the immediate support located at 0.7454/50 (daily pivot). Selling pressure is likely to intensify below the last, dragging the Aussie 0.7425/05 (5 & 10-DMA).

 

Jun 21, 2016

RBA minutes: Unchanged policy consistent with CPI returning to its price-goal

The minutes of the June RBA meeting when interest rates were held unchanged at 1.75% have been released. As the RBA minutes notes: "Following the red
Read more Previous
Jun 21, 2016

AUD/JPY ignored RBA’s warning on strong currency

AUD/JPY cross turned a blind eye towards minutes of Reserve Bank of Australia June meeting, which warned about the negative impact of a strong AUD on
Read more Next