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
6 Mar 2025

AUD/USD is expected to continue to strengthen – UOB Group

Australian Dollar (AUD) is expected to continue to strengthen vs US Dollar (USD), but it does seem to have enough momentum to reach 0.6410 for now. In the longer run, rapid increase in momentum suggests AUD could recover, potentially reaching 0.6410, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. 

Enough momentum to reach 0.6410 for now

24-HOUR VIEW: "While we expected AUD to 'strengthen further' yesterday, we were of the view that 'any advance is likely part of a higher range of 0.6230/0.6285.' However, AUD broke decisively above 0.6285 and soared to 0.6343. Today, we continue to expect AUD strength. However, at this stage, it does not seem to have enough momentum to reach 0.6410. There is another resistance at 0.6370. On the downside, any pullback is likely to hold above 0.6270 (minor support is at 0.6300)." 

1-3 WEEKS VIEW: "After holding a negative view since late last week, we cautioned yesterday (05 Mar, spot at 0.6260) that 'momentum is slowing, and the likelihood of further declines is diminishing.' We stated, 'a breach of 0.6285 would indicate stabilisation.' We did not expect AUD to soar to 0.6343. The strong advance has resulted in a rapid increase in momentum. From here, we expect AUD to recover, potentially reaching 0.6410. To sustain the buildup in momentum, AUD must remain above 0.6235."

Mar 6, 2025

USD: Souring US sentiment continues to weigh – ING

Yesterday, the FX market reacted to unprecedented moves in European rates.
Read more Previous
Mar 6, 2025

German lower house to debate debt brake reform from March 13, to vote on March 18

Citing two parliamentary sources, Reuters reported on Thursday that Germany's lower house of parliament will start discussing boosting in defence and infrastructure spending as well as sweeping changes to state borrowing rules from March 13.
Read more Next