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
22 Nov 2022

AUDJPY turns sideways below 94.00 ahead of RBA Lowe’s speech

  • AUDJPY is oscillating in a narrow range below 94.00 as investors are awaiting a speech from RBA’s Lowe.
  • Mixed responses from the risk profile are also keeping the risk-sensitive assets on the sidelines.
  • Japanese administration has announced fresh stimulus to support economic prospects.

The AUDJPY pair is displaying a sideways performance in the early Asian session as investors are awaiting a speech from Reserve Bank of Australia (RBA) Governor Philip Lowe for making an informed decision. Mixed responses from the risk profile are also keeping the risk-sensitive assets on the sidelines.

The speech from RBA Governor will guide the likely monetary policy action ahead. Inflation pressures are displaying a historic surge led by significant price growth from service providers. The RBA is continuously hiking its Official Cash Rate (OCR) in each monetary policy.

Recently, the Australian central bank trimmed its rate hike pace to 25 basis points (bps). In response to that, RBA policymakers cited that interest rates have already been increased significantly and consideration of monetary policies on monthly intervals provides an edge to go parallel with the pace of other central banks in no time.

Apart from the interest rate guidance, investors will also focus on remarks about declining real estate prices. Rising interest obligations have compelled home buyers to postpone their demand, which is resulting in a vulnerable housing market.

On Monday, the risk barometer remained solid despite an unchanged monetary policy by the People’s Bank of China (PBOC). The PBOC kept its Prime Lending Rates (PLRs) stable, knowing the fact that Covid-19 infections are galloping and the real estate sector is extremely vulnerable. Investors should be aware of the fact that Australia is one of the leading trading partners of China and PBOC’s monetary policy stance has a significant impact on Aussie dollar.

On the Tokyo front, an announcement of fresh stimulus to support growth prospects could impact the Japanese yen.  Japanese Finance Minister Shunichi Suzuki said in a statement on Monday, his government will guide economic and fiscal policy in a "responsible" manner. He urged a swift adoption of more spending measures, worth $207 billion, backed mostly by new debt issuance.

 

 

Nov 22, 2022

USD/CHF grinds near 0.9600 after six-day uptrend, market sentiment is the key

USD/CHF treads water around the weekly high near 0.9600, probing bulls after six-day advances, as traders seek fresh clues during Tuesday’s Asian sess
Read more Previous
Nov 22, 2022

US inflation expectations rebound from six-week low

US inflation expectations rose for the first time in two weeks as traders reassess the previously put bets on the Federal Reserve’s (Fed) next move. T
Read more Next