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.
Octa trading broker
Open trading account
Back

Outlook for antipodeans: watching RBA - westpac

Analysts at Westpac exlained their market outlooks for the antipodeans.

RBA preview: what to expect in AUD/USD?

Key Quotes:

"AUD/USD 1 day:  Remains in a week-old 0.7490-0.7615 range, but event risk today is high given the RBA decision.

AUD/USD 1-3 month: The RBA’s easing bias combined with the Fed’s tightening bias should push the AUD lower towards 0.74 by year end, although recent BOE and BOJ easing have made the AUD even more attractive to global investment flows such that a test of 0.78 is possible first. (1 Aug)

NZD/USD 1 day: Continues to test the 0.7300-0.7350 resistance area.

NZD/USD 1-3 month:  The RBNZ’s easing cycle combined with the Fed tightening in December should push the NZD lower towards 0.70 by year end, although recent BOE and BOJ easing have made the NZD even more attractive to global investment flows such that a rise to the 0.75 area is possible first. (1 Aug)

AUD/NZD 1 day: The downside around 1.0340-50 remains vulnerable. Event risk today is high given the RBA decision.

AUD/NZD 1-3 month: The RBNZ is likely to cut again in November, and should maintain a more dovish outlook than the RBA. In addition, the cross is well below fair value implied by interest rates, commodity prices and risk sentiment. We target 1.08. (15 Aug)

AU swap yields 1 day: The 2yr should open at 1.61% while the 10yr should open at 2.08%.

AU swap yields 1-3 month: If the RBA sits tight at 1.5% during the remainder of this year the 2yr should eventually find a base around 1.60%. However the main risk is that markets continue to price in a sub-1.5% cash rate. (15 Aug)

NZ swap yields 1 day: NZ 2yr swap rates should open down 1bp at 2.00%, while the 10yr should open unchanged at 2.45%.

NZ swap yields 1-3 month: Slightly lower. The OCR is likely to be cut to 1.75% in November. That should result in a 2yr swap rate of around 1.90%, although the risk is it could be lower if markets expect a 1.5% terminal OCR. (15 Aug)."

 

RBA preview: what to expect in AUD/USD?

We have the RBA tonight and AUD/USD has been flat overnight awaiting the event after a better bid display on the back of yesterday's Caixin Chinese se
Read more Previous

USD/JPY: BoJ offers mixed communication, Yen consolidates - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair eased down to 103.14 at the beginning of the day, as BOJ's Governor Kuroda
Read more Next