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.
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.
Back

AUD/USD drops further to test 0.7250

FXStreet (Mumbai) - The Aussie dives deeper into the red as we progress towards mid-Asia, with the bears extending control on the back of a broadly higher USD and mixed sentiment on the Asian equities.

AUD/USD flirting with key support around 0.7255

Currently, the AUD/USD pair trades 0.35% lower at 0.7256, pushing further away from 0.73 handle. The Aussie is seen correcting lower after sharp gains witnessed over the previous two trading sessions as markets preferred to lock-in gains ahead of a series of macro data from the US.

Although the US data releases are expected to have negligible impact on markets, traders may use this as an excuse to reposition their trades ahead of next week’s Fed event.

Moreover, the persisting weakness in oil prices and negative performances seen on the Australian and Chinese stocks also added to downside pressure in AUD/USD. Australia’s S&P/ASX loses -0.15% while China’s A50 index drops -0.75% so far.

-------
What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18th and get the recording too.
-------



AUD/USD Levels to watch

The pair drops further below 0.73 handle with the immediate support seen at 0.7214 (daily S1). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7195 (50-DMA). On the flip side, the immediate resistance is located at 0.7289 (10-DMA) above which gains could be extended to the next hurdle located at 0.7300 (round number).

USD/JPY rallies along with Nikkei, above 122

The USD/JPY pair caught a fresh bid tone beyond a beak of 200-DMA and stormed its way through 122 handle, extending its recovery from Monday’s extensive slide.
Read more Previous

BOJ should subtract oil decline in judging inflation target – Japan’s Amari

Japanese Economics Minister Akira Amari was on the wires via Reuters over last hours, noting that the Bank of Japan’s (BOJ) should discount the effects of lower oil prices while assessing its inflation outlook, which in turn would lessen the need for an immediate expansion of monetary stimulus.
Read more Next