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
20 May 2015

NZD/USD climbs higher towards 0.7400

FXStreet (Mumbai) - The New Zealand extends its gradual advance against the American dollar in the mid-Asian session, driving NZD/USD to fresh session highs. The Kiwi was the biggest winner this session as traders wound up their NZD shorts ahead of New Zealand's annual Budget on Thursday.

NZD/USD rises from 0.7345

Currently, the NZD/USD pair trades higher by 0.30% at fresh session highs of 0.7371, inching towards 0.74 handle. NZD/USD snapped its long run of losses and crept higher largely on a short-covering rally as traders preferred to square-off their NZD positions before tomorrow’s NZ annual budget release.

Thursday's 2014/15 Budget is expected to have little in the way of surprises, with Finance Minister Bill English already admitting that the government will not meet its surplus goal due to weak tax revenues on the back of soft inflation. New Zealand's National-led government is expected to announce a small Budget-surplus forecast for the following year though.

The Kiwi also remains buoyed after data released on Tuesday showed rising inflation expectations, with the RBNZ's Q1 inflation expectations survey showing the two-year ahead forecast for inflation is 1.85% annually, up marginally on the previous survey results of 1.80%.

Meanwhile, markets now turn focus towards Fed’s minutes due later today for further momentum.

NZD/USD Levels to consider

To the upside, the next resistance is located at 0.7400 levels and above which it could extend gains to0.7454 (May 18 High) levels. To the downside immediate support might be located at 0.7345 (Today’s Low) levels below that at 0.7314 levels.
May 20, 2015

Downward pressure on JPY to accelerate - RBS

Greg Gibbs, FX Strategist at RBS, suspects that higher US yields, and the portfolio effect of the BoJ’s QE program, may accelerate the depreciation on both Japanese yields and the Yen.
Read more Previous
May 20, 2015

EUR/USD downside bias for 1.0662/66 – AceTrader

The AceTrader Team maintains a negative bias on EUR/USD, anticipating a move lower towards 1.0662/66.
Read more Next