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
8 Jan 2020

AUD/JPY slips to six-week low as odds increase for the US-Iran war

  • AUD/JPY drops 50+ pips after the news of Iran attacks over the US facilities in Iraq.
  • Pentagon stays ready to protect and defend US personnel, partners and allies in the region.
  • Markets ignored upbeat Aussie housing data amid the rush to risk-safety.

AUD/JPY remains on the slippery ground near 73.82 during early Wednesday. The pair has recently been damaged by the increasing odds of the US-Iran war after Iran began operation “Martyr Soleimani”.

Iran is all in the headlines…

After a few days of mourning, Iran begins taking the revenge of the US killing of the key Quad force personnel Qasem Soleimani. In doing so, the Middle East forces strike multiple locations in Iraq including Ayn al-Asad base that hosts the US forces.

In a reaction, the US Defense update says, "we will take all necessary measures to protect and defend US personnel, partners, and allies in the region".

Read: US Pentagon: We will take all necessary measures to protect and defend US personnel, partners, and allies in the region“

With this, the market’s flight to risk-safety got a boost and hence the US 10-year treasury yields drop more than 10 pips to 1.71% whereas the S&P 500 Futures lose 1.5% to 3,187 by the press time.

In doing so, traders ignored Australia’s November month Building Permits that crossed a 2% forecast with a good print to 11.8%.

Traders now have all eyes stick to the geopolitical headlines as fears of the full-fledged US-Iran war are rising. Should this happen, oil, gold and Japanese yen (JPY) will be the key beneficiaries.

Technical Analysis

Unless bouncing back beyond a 200-day SMA level of 74.90, prices can keep declining towards November 14 low near 73.35.

 

Jan 8, 2020

Australia Building Permits (YoY) up to -3.8% in November from previous -23.6%

Australia Building Permits (YoY) up to -3.8% in November from previous -23.6%
Read more Previous
Jan 8, 2020

Dow futures slide, US 10-year yield drops 10 basis points on US-Iran tussle

Risk aversion is in full flow this Wednesday morning in Asia, courtesy of the US-Iran conflict. The futures on the Dow Jones Industrial Average are cu
Read more Next