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
Trading news
Back
1 Dec 2017

AUD/USD rises to test weekly highs as Russiagate escalates

  • US Dollar tumbles as Michael Flynn pleads guilty. 
  • Safe-haven assets soar. 
  • AUD/USD breaks range and tests 0.7640.

The AUD/USD pair broke to the upside a two-day range amid a sharp decline of the US dollar. The greenback tumbled amid escalating political tension in the US. 

Trump's former national security adviser, Michael Flynn, pleaded guilty to lying to the FBI about talking to Russia's ambassador. The media reported that Flynn would testify against Trump. The events related to the 2016 Presidential campaign triggered a slide of the greenback across the board. 

Investors rushed for safe haven assets and sold-off the US dollar. The yen and the Swiss franc outperformed while gold jumped more than 1%. The Dow Jones retreated more than 350 points from daily highs before trimming losses. The US Dollar Index dropped from above 93.00 to 92.50 in a few minutes, hitting the lowest since Monday. It was hovering around 92.70, at the same level it had a week ago. 

Technical outlook 

AUD/USD broke a two-day range and rose above 0.7600. It continued to rise and tested the 0.7640/45 area that is the key short-term resistance. That level capped the upside last week and also on Monday.  A consolidation on top would signal a continuation of the recovery. The next strong barrier is seen below 0.7700. 

On the downside, 0.7595 (the upper limit of the previous range) is now the immediate support; followed by 0.7545/50 (weekly lows) and 0.7530 (Nov low). 
 

Dec 1, 2017

United States Baker Hughes US Oil Rig Count rose from previous 747 to 749

United States Baker Hughes US Oil Rig Count rose from previous 747 to 749
Read more Previous
Dec 1, 2017

OPEC: June review frets market - Danske Bank

According to analysts from Danske Bank, the oil market was left disappointed by the risk of OPEC and countries outside OPEC ending cuts prematurely...
Read more Next