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

AUD/JPY Review: Aussie stumbling back to 82.00 on trade war fears

  • Aussie free-falling as markets pile into safe-havens on renewed trade fears.
  • Tariff angst is ramping up as the US prepares to announce more tariffs on Chinese goods.

The AUD/JPY is falling back amidst a resurgence in trade war fears following headlines that the US is likely to be announcing further tariffs on Chinese goods.

The news, originally broken by Bloomberg citing anonymous sources, stated that the US is seeking further tariffs on $200 billion USD of Chinese imports, and the new tariff list is expected to be announced Tuesday evening US time. The caveat that the tariffs won't come into effect until after the usual public commenting period followed closely behind, but broader markets are dropping risk appetite and piling into safe-haven assets like the Japanese Yen.

The Aussie, which sees the Westpac Consumer Confidence Survey at 00:30 GMT (last 0.3%) and Home Loans figures (forecast -1.9%, last -1.4%), is already rapidly losing ground against the JPY, which will be seeing Machinery Orders (forecast -5.5%, last 10.1%) late Tuesday at 23:50 GMT, and risk aversion is only going to be swinging further into the red.

AUD/JPY Technical Analysis

The Aussie was only able to briefly mount the 83.00 major level against the JPY, and trade fears are knocking the AUD back into bearish territory for Wednesday.

Spot rate:  82.27
Relative change:  -0.45%
High:  82.66
Low:  82.25
   
Trend:  Sharply bearish
   
Support 1:  81.98 (61.8% Fibo retracement level)
Support 2:  81.26 (July 5th swing low)
Support 3:  80.97 (previous week low)
   
Resistance 1:  82.66 (current day high)
Resistance 2:  83.15 (current week high)
Resistance 3:  84.00 (major technical level)

 

 

 

 

 

 

 

 

 

 

 

AUD/JPY Chart, 15-Minute

NZD/USD: bulls losing grip below the 21-D SMA

NZD/USD is currently trading at 0.6820 with a high of 0.6842 overnight made in NY, being hit up upon fresh trade war angst headlines that are hurting
Read more Previous

South Korea Unemployment Rate down to 3.7% in June from previous 4%

South Korea Unemployment Rate down to 3.7% in June from previous 4%
Read more Next