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
19 Dec 2013

AUD/USD resumes downward track after brief strength Wednesday; target of 0.8754 remains

FXstreet.com (Barcelona) - The AUD/USD cross tumbled once again Wednesday and is continuing to do so thus far on Thursday as traders recognize the fact that the US is willing to take steps towards taking their foot off the stimulus gas pedal while that is not as obvious in Australia.

AUD/USD traders to monitor US data for the rest of Thursday

Aussie Dollar strength early Wednesday was trumped by massive strength in the greenback late in the session following the FOMC’s announced decision to start tapering their bond and Treasury open market purchases. Any hope the few AUD/USD bulls had was quickly dashed as the news filtered through the markets and the nasty downtrend in the cross resumed.

Thursday’s economic data points due out that may have an impact on the AUD/USD include:

• US Weekly Jobless Claims
• US Conference Board Leading Indicators
• US Existing Home Sales
• US Philly Fed Manufacturing Survey
• US 7-Year Note Auction

Technical outlook for AUD/USD

Technicians say the AUD/USD is still in a very pronounced downtrend and shows no signs of reversing course just yet. The nearest meaningful downside target comes in at the 138.2% Fibonacci price projection line at 0.8754 – but Wednesday’s low of 0.8819 will obviously have to be broken first. Upside resistance for the cross comes in at the 12/16 pivot high at 0.8969 and is followed up by horizontal line resistance at 0.9000.
Dec 19, 2013

Flash: China risks staring us in the face - RBS

According to Greg Gibbs, FX Strategist at RBS, in a note to clients,financial conditions continue to tighten in China, posing significant risks to the economy.
Read more Previous
Dec 19, 2013

China's credit fears on the rise

On the back of a surprising Fed announcement, finally kick starting its long-awaited taper ($10 bn monthly reduction to $75 bn), another concern for Asian investors is the tighter financial conditions in China.
Read more Next