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
Trading news
Back
15 Mar 2023

AUD/NZD drops below 1.0730 as focus shifts to NZ GDP and Aussie Employment data

  • AUD/NZD has failed to sustain above 1.0730 as investors turn anxious ahead of NZ and Australian data.
  • Higher Australian employment generation and a lower jobless rate are indicating an expression of higher forward earnings.
  • Australian Consumer Inflation Expectations at 5.4% indicate that chances are few that the RBA would restore price stability.

The AUD/NZD pair has sensed selling pressure while attempting to sustain above the critical resistance of 1.0730 in the Asian session. The cross is struggling in extending its recovery as investors are getting anxious ahead of the release of New Zealand’s Gross Domestic Product (GDP) and Australian Employment data, which will release on Thursday.

According to the estimates, the NZ economy has contracted by 0.2% vs. a growth of 2.0% witnessed in the third quarter. The annual GDP (Q4) has expanded by 3.3%, lower than the prior expansion of 6.4%. A decline in the growth rate indicates subdued demand from households, which will relieve the stress of Reserve Bank of New Zealand (RBNZ) policymakers, which are making efforts in decelerating inflation expectations.

Meanwhile, the release of the Australian Employment data would bring a power-pack action to the Australian Dollar. As per the consensus, the Australian economy has added fresh 48.5K jobs in February vs. a lay-off registered in January of 11.5K. And, the Unemployment Rate is expected to drop to 3.6% from the former release of 3.7%. Higher employment generation and a lower jobless rate are indicating an expression of higher forward earnings as upbeat demand for labor would be offset by bumper offerings from firms.

An upbeat Australian labor market data could propel the inflationary pressures again as households would be equipped with higher funds for disposal.

Apart from that, Consumer Inflation Expectations (Mar) data that demonstrate inflation projections for the next 12 months is expected to increase to 5.4% from the former release of 5.1%. An occurrence of the same would support more rates from the Reserve Bank of Australia (RBA).

 

Mar 15, 2023

AUD/USD Price Analysis: Prods six-week-old resistance below 0.6700 as bulls run out steam

AUD/USD takes offers to 0.6680 as it drops towards refreshing the intraday low of 0.6671 during early Thursday. In doing so, the Aussie pair prints th
Read more Previous
Mar 15, 2023

USD/CHF retreats towards 0.9100 amid dicey markets, focus on yields, US Retail Sales

USD/CHF reverses from the intraday high to 0.9140 as it fades the previous day’s recovery from a six-week low during early Wednesday. Even so, the Swi
Read more Next