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
Test
Trading news
Back
25 Feb 2020

NZD/USD flirting with daily lows, around 0.6320 region

  • NZD/USD fails to capitalize on the early uptick, rather met with some fresh supply.
  • Bulls shrug off some USD weakness and took cues from the prevalent cautious mood.

The NZD/USD pair edged lower through the early European session and dropped to fresh daily lows, around the 0.6320 region in the last hour.

The pair failed to capitalize on the overnight attempted bounce from over four-month lows and once again met with some fresh supply near the 0.6355-60 horizontal resistance. The initial uptick was supported by some follow-through US dollar pullback from multi-year tops.

NZD/USD weighed down by coronavirus concerns

The USD largely shrugged off a goodish intraday pickup in the US Treasury bond yields and remained depressed for the third consecutive session on Tuesday amid speculations that the Fed could cut interest rates sooner rather than later.

Meanwhile, the early optimism led by a steep decline in coronavirus cases in China turned out to be short-lived as investors remain concerns about the negative impact of the virus outbreak, which seemed to be a key factor prompting some fresh selling at higher levels.

Given the prevailing cautious mood, as depicted by an intraday pullback in equity markets, it will be interesting to see if the pair continues to attract some buying near the 0.6300 round-figure mark or the current slide leads to a fresh bearish breakdown.

Later during the early North-American session, market participants will take cues from the US economic docket – highlighting the release of the Conference Board's Consumer Confidence Index – in order to grab some short-term trading opportunities.

Technical levels to watch

Bearish traders are likely to wait for a sustained break below the 0.6300 mark before positioning for any further slide towards the 0.6260-55 intermediate support en-route the 0.6200 round-figure mark. On the flip side, 0.6355-60 region might continue to act as a stiff resistance, above which the pair is likely to aim towards reclaiming the 0.6400 level.

Feb 25, 2020

WHO spokesman: Measures taken by Italy should help contain coronavirus as much as possible

Measures taken by regional governments in Italy against the coronavirus have been pretty strong and most likely should help contain this virus as much
Read more Previous
Feb 25, 2020

United Kingdom 10-y Bond Auction rose from previous 0.5% to 0.51%

United Kingdom 10-y Bond Auction rose from previous 0.5% to 0.51%
Read more Next