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
23 Oct 2019

AUD/USD posts modest daily losses, trades below 0.6850

  • US Dollar Index stays in a tight range above 97.50 on Wednesday.
  • China's minister of commerce says policy measures will be introduced to promote trade.
  • Coming up: Commonwealth Bank's Manufacturing and Services PMI data from Australia.

The AUD/USD pair snapped its four-day winning streak on Tuesday pressured by the broad-based USD strength and extended its slide on Wednesday. As of writing, the pair was trading at 0.6842, down 0.2% on the day.

Earlier in the day, China's Minister of Commerce, Zhong Shan, said that they will be taking specific policy measures to promote the high-quality development of trade. "Affected by factors such as slowing global economic growth, fluctuations in international financial markets, and adjustments in monetary policy in developed countries, global demand has continued to weaken, geopolitical complexity has changed, and uncertainties have increased significantly," the minister explained. Nevertheless, the AUD largely ignored these comments.

USD rebounds in mid-week

On the other hand, the heavy selling pressure surrounding the GBP amid heightened fears over a no-deal Brexit allowed the Greenback to find demand as a safer alternative. The US Dollar Index, which posted daily losses before closing the day 0.2% higher on Tuesday, edged higher on Wednesday to keep the bearish pressure on the pair intact.

There won't be any significant macroeconomic data releases from the US in the remainder of the day. In the early trading hours of the Asian session on Thursday, Commonwealth Bank's Manufacturing and Services PMI figures from Australia will be looked upon for fresh catalysts.

Technical levels to watch for

 

Oct 23, 2019

Canada Wholesale Sales (MoM) registered at -1.2%, below expectations (0.3%) in August

Canada Wholesale Sales (MoM) registered at -1.2%, below expectations (0.3%) in August
Read more Previous
Oct 23, 2019

Ireland's Varadkar: There is no extension agreed by EU leaders as of yet

Irish Prime Minister Leo Varadkar crossed the wires in the last minutes, noting that there is no extension agreed by European Union (EU) leaders as of
Read more Next