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
20 Apr 2021

AUD/USD slumps to fresh daily lows near 0.7720 amid flight to safety

  • AUD/USD is falling sharply in the second half of the day. 
  • USD finds demand as market mood sours during the American session.
  • Focus shifts to March Retail Sales data from Australia.

After rising above 0.7800 for the first time in a month earlier in the day, the AUD/USD pair reversed its correction during the American trading hours and was last seen losing 0.4% on a daily basis at 0.7724.

DXY rises on safe-haven flows

In the absence of significant macroeconomic data releases, the risk sentiment seems to have become the primary driver of the USD's market valuation. The souring market mood, as reflected by the sharp decline in Wall Street's main indexes, helped the greenback find demand in the second half of the day. At the moment, the US Dollar Index is rising 0.2% on the day at 91.25 and the S&P 500 Index is down 0.8%.

Earlier in the session, FOMC Chairman Jerome Powell reiterated that the Fed remains committed to inflation and employment goals. "We do not anticipate high inflation but we have tools to address 1970s-type pressures if they arise," Powell added. Nevertheless, these remarks failed to trigger a significant market reaction.

On Wednesday, the Westpac Leading Index and March Retail Sales data from Australia will be looked upon for fresh impetus. Although a stronger-than-expected sales report could help the AUD limit its losses, the risk perception is likely to continue to impact AUD/USD's movements. 

Technical levels to watch for

 

 

 

Apr 20, 2021

EUR/USD pares daily gains, retreats to 1.2030 area amid modest USD recovery

The EUR/USD pair climbed to its highest level since early March at 1.2080 on Tuesday but reversed its direction during the American trading hours. As
Read more Previous
Apr 20, 2021

GBP/USD bears set on a 38.2% Fibo 1.3880 target

Despite the better than expected labour market data and anticipation of more solid data outcomes on a busy week ahead of the UK calendar, the pound is
Read more Next