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 Sep 2016

AUD/USD capped below weekly tops on RBA’s status-quo

The AUD/USD pair failed once again at weekly highs after the RBA left the cash rate unchanged at a record low of 1.5% today.

AUD/USD holds above 0.76 handle

Currently, the AUD/USD pair now trades +0.50% higher at 0.7620, having quickly reversed a spike to weekly highs previously posted at 0.7636. The AUD bulls remained unimpressed by a non-event RBA monetary policy announcement, with the central bank announcing no change in its official cash rate (OCR).

However, the downside remains cushioned as the RBA came out with no explicit dovish bias and maintained that a rising a$ could complicate economic rebalancing. While better-than expected Australian macro data released earlier on the day, also keep the AUD underpinned. Australia’s Q2 Current account came in at -$15.5bn versus -20bn expected.

Meanwhile, markets will continue to digest the RBA policy decision, as focus now shifts towards the US LMCI and ISM services data due later in the NA session.

AUD/USD Levels to watch   

The pair finds the immediate resistance at 0.7663 (daily R3) above which gains could be extended to the next hurdle located at 0.7700 (round figure). On the flip side, the immediate support located at 0.7587/85 (50-DMA/Aug 22 low). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7550 (round number).

 

Sep 6, 2016

NZ: Truckometer, back on track - ANZ

Sharon Zollner, Senior Economist at ANZ, suggests that a solid 6.7% bounce in the Heavy Traffic Index in August has put the upward trend in the ANZ Tr
Read more Previous
Sep 6, 2016

What’s worked in G10 FX this year? – Westpac

Richard Franulovich, Research Analyst at Westpac, suggests that a quick scan of the G10 performance rankings shows that 2016 can be broken down into m
Read more Next