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 Aug 2019

AUD/USD clings to gains as RBA offers no policy change

  • AUD/USD remains upbeat as the RBA refrains from the policy change.
  • The central bank stepped back from suggesting further rate cuts.
  • Trade/political news will be followed for fresh impulse.

With the RBA refraining from fresh rate cut clues, the AUD/USD pair remains positive around 0.6780 ahead of the European market open on Tuesday.

The Reserve Bank of Australia (RBA) match broad market consensus while holding its monetary policy unchanged, which offers a 1.0% interest rate. The central bank refrains from supporting further rate cuts while leaving the door open based on future growth conditions. Earlier during the day, upbeat trade balance data for June also pleased Aussie buyers.

Market risk sentiment has been wild since Asian morning as the US-China trade tussle took a step further after the US termed China as a currency manipulator. Further, the dragon nation feared the US testing intermediate missiles and warned to retaliate while also criticizing the Trump administration’s behavior on trade/political issues.

However, trades seem to trim previous gains off-late as China’s offshore Yuan (CNH) recovers some of the previous losses. Moving on, the US JOLTS Job Openings data for June, expected to roll out 7.317M mark versus 7.323M prior, becomes the only catalyst on the economic calendar to watch, which in turn highlights the importance of trade/political news for fresh direction.

It should also be noted that the latest recovery in risk sentiment pulls the 10-year US treasury yields back to the green region while fluctuating around 1.761% by the press time.

Technical Analysis

Unless overcoming June month low of 0.6830, which holds the key to pair’s run-up towards 0.6910, prices weakness in the direction to January month low near 0.6684 can’t be denied.

Aug 6, 2019

RBA: Will adjust policy if needed to support sustainable growth

Following are the key headlines from the August RBA monetary policy statement (via Reuters): To adjust policy if needed to support sustainable growth.
Read more Previous
Aug 6, 2019

USD/JPY briefly spikes beyond 107.00 mark, lacks follow-through

The USD/JPY pair built on its goodish intraday bounce from fresh multi-month lows and briefly spiked to levels beyond the 107.00 handle in the last ho
Read more Next