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
13 Feb 2020

NZD/USD drops below 50-bar SMA after fresh coronovirus news

  • NZD/USD shed 30+ pips as the numbers of coronavirus cases from China rallied.
  • The revision in the diagnostic standard for coronavirus cases seems to blame for the surge in counts.
  • A six-week-old falling trend line adds to the upside barrier.

NZD/USD declined more than 30 pips to the intra-day low of 0.6428, currently around 0.6445, as soon as the latest coronavirus numbers arrived from China during Thursday’s Asian session.

As per the update, Hubei province has reported 14,840 new coronavirus cases while the death toll rises 242 to 1,310 by the end of February 2020. The surge in numbers could be attributed to the revised diagnostic standard.

Following the release, the market’s trade sentiment turned weaker with the S&P 500 Futures down 0.33% to the sub-3,370 mark.

Earlier on Thursday, the RBNZ Assistant Governor/GM Economics, Financial Markets and Banking, Christian Hawkesby favored interest rate held at a record low for a long time. Prior to that, the RBNZ Governor Adrian Orr cited downside risk to the economic outlook.

Traders will now look more seriously towards the coronavirus headlines considering the latest turn in risk-tone. However, that doesn’t dim the importance of January month inflation numbers from the US for which Westpac said, “The US data focus is Jan CPI, where expectations are 0.2%mth, 2.4%yr overall, 0.2%mth, 2.2%yr ex-food and energy. Any major surprise could impact markets, but there is limited Fed focus on inflation at the moment relative to activity and sentiment and this is not the Fed’s preferred inflation measure.”

Technical Analysis

Unless breaking a three-week-old resistance trendline currently around 0.6515, NZD/USD prices are less likely to lure the bulls, which in turn highlight the importance of 0.6420 and 0.6370 as the immediate supports.

 

Feb 13, 2020

EUR/NZD huge bearish daily candlestick to critical support structure, 61.8% Fibo, eyes on Coronavirus bearish updates

A EUR/NZD bomb went off on committed bull's heads due to a combination of a steadfast Reserve Bank of New Zealand and following weakness in the euro a
Read more Previous
Feb 13, 2020

RBA and BoC governors speaking: Mixed outlooks on economy and coronavirus

Editor's note: This is a developing story. We have both the governor of the Bank of Canada and Reserve Bank of Australia crossing the wires at the sam
Read more Next