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
Trading news
Back
19 Dec 2016

AUD/USD slightly bid after Australia's MYEFO and lower deficit forecasts

AUD/USD is bid as the session gets going and after the Australia MYEFO and the Government sees 2016/17 deficit at A$36.5bn, this headline budget deficit for this year is thus smaller than what was previously forecasted in May, and the market sees this as a positive as the ratngs agency may leave their score at AAA for Australia. Meanwhile, the trend is still lower on the back of the dollar's strength and the hawkish Fed. 

AUD/USD levels

A break below the May low at 0.7146 opens significant downside risks.

The analysts at Westpac offered AUD/USD in a 1-3 month: 

"We suspect that the US interest rate story was the main driver, and there continues to be lingering suspicions that the Reserve Bank of Australia may have to cut interest rates again next year. However, the move has been large and pushed the Aussie beyond its lower Bollinger Band. (~$0.7325).  A move back to it may provide a better opportunity to position with the trend.  Our next target is the May low near $0.7145.  In the big picture, the advance by the Aussie from March through the middle of November was some kind of correction and now the downtrend has resumed. We look for a return to $0.6830 low from early this year," explained analysts at Brown Brothers Harriman.

For a fundamental insight for 2017, watch:

 

Dec 19, 2016

Fitch: Australia budget outlook consistent with AAA rating

Over the past few months, commentators have repeatedly warned that Australia no longer acts like a AAA country. Ratings agencies and experts have exp
Read more Previous
Dec 19, 2016

Australian government forecasts narrower budget deficit in 2016/17

Australian government, in its half year fiscal outlook, forecast its budget deficit for the fiscal year to June 2017 would amount to AUD 36.5 billion,
Read more Next